#banks day 36.4

[mysimsloveaffair]

It’s late by the time we leave the rec center, and although Tambara is beyond tired, she still insists on walking on her own. I carry her until we’re closer to the house, but even that short distance takes us forever with me doing my best to keep her protected from the rain with my umbrella.

Walking doesn’t help with Tami’s mood. As soon as we cross the threshold, she stomps her foot and lets out an ear-piercing scream. Maia looks over at me as if I can stop it. I guess I can try.

[silverlineswap]

What made Indians transferred over $3.8 billion to foreign exchanges.

SilverLineSwap-SPARCP2E

“Since the implementation of tax, the $3.8 billions have been transferred to foreign exchanges. The first financial assessment of the impact the nation’s crypto tariffs have had on local trading platforms comes from a report by the Esya Centre.”

Did you know what Narendra Modi did to crypto?

After the nation announced strict crypto tax policies in February of last year, Indians transferred more than $3.8 billion in trading volume from local to international cryptocurrency exchanges, according to a report by the Esya Centre, a New Delhi-based think tank for technology policy. According to the analysis, a total of $3.85 billion was moved from February to October.

The analysis offers the first monetary assessment of how India’s contentious cryptocurrency tax legislation will affect domestic exchanges. On February 1, 2022, the government of Prime Minister Narendra Modi declared a 30% tax on cryptocurrency income and a 1% tax deducted at source (TDS) on all transactions.The 1% TDS and 30% tax both went into effect on April 1 and April 1, respectively. The tax industry was unable to substantiate its claim that the levies would “destroy liquidity” at the time the taxes were introduced.

What did the Esya center poll reveal?

According to a survey by the Esya Centre, local exchanges lost 81% of their trading activity in the four months following the implementation of the hotly contested 1% TDS rule. Nischal Shetty, CEO and founder of WazirX, one of India’s largest exchanges, predicted that Indians will “find methods to not be part of the [domestic] system because people are not going to leave crypto” days before the 30% tax took effect. Esya warned that if the current pattern holds, “centralized exchange businesses would become unviable” in India.

According to the research, “we predict a commensurately big negative impact on tax collections, as well as a decline in transaction traceability — which defies the two main objectives of the existing policy architecture.” The existing tax structure “may result in a loss of local exchange trade volume of about $1.2 trillion in the next four years. “The virtual digital asset (VDA) market in India is “crippled under the current tax architecture,” according to the paper, and the “baseline scenario” under the existing set-up is that “virtually all” Indians who use centralized VDAs will switch to a foreign exchange.

Also according to the academics, TDS should be reduced from 1% to 0.1% per transaction, which would be on pace with the securities transaction tax. Additionally, they advocate for placing progressive taxes on earnings rather than a flat 30% tax and enabling losses to balance gains. India, a country with a record-high $36.4 billion current account deficit, needs money to come in rather than to leave the country through off shore trades that don’t go through banking institutions. The most recent findings might put pressure on the government to restrict cryptocurrency outflows that increase India’s current account imbalance. The Finance Ministry of India’s official declined to comment on the study.

Website | SPARC BETS | Twitter | Telegram | Instagram | Discord

[extreme-investor-network]

Market Talk - September 9, 2022

ASIA: GSMA estimates that between 2022 and 2025, operators in India will invest around ₹1.6 trillion in their networks, underpinning opportunities in the consumer and enterprise segments. Fifth generation technology, or 5G, could benefit the Indian economy by ₹36.4 trillion ($455 billion) between 2023 and 2040, or more than 0.6% of forecast GDP per year, according to an analysis by GSMA Intelligence that reflects the large number of 5G deployments 2040. GSMA research further indicated that 5G will be a key enabler of enterprise digital transformation processes in manufacturing, energy and utilities, banking, transport, healthcare, sports, and retail. The major Asian stock markets had a green day today: - NIKKEI 225 increased 149.47 points or 0.53% to 28,214.75 - Shanghai increased 26.47 points or 0.82% to 3,262.05 - Hang Seng increased 507.63 points or 2.69% to 19,362.25 - Kospi closed - ASX 200 increased 45.50 points or 0.66% to 6,894.20 - SENSEX increased 104.92 points or 0.18% to 59,793.14 - Nifty50 increased 34.60 points or 0.19% to 17,833.35 The major Asian currency markets had a mixed day today: - AUDUSD increased 0.00833 or 1.23% to 0.68464 - NZDUSD increased 0.00588 or 0.97% to 0.61118 - USDJPY decreased 1.274 or -0.89% to 142.546 - USDCNY decreased 0.02321 or -0.33% to 6.93769 Precious Metals: l Gold increased 10.83 USD/t oz. or 0.63% to 1,718.10 l Silver increased 0.261 USD/t. oz or 1.41% to 18.831 Some economic news from last night: China: CPI (MoM) (Aug) decreased from 0.5% to -0.1% CPI (YoY) (Aug) decreased from 2.7% to 2.5% PPI (YoY) (Aug) decreased from 4.2% to 2.3% Japan: M2 Money Stock (YoY) remain the same at 3.4% M3 Money Supply (Aug) increased from 2,068.8T to 2,075.5T New Zealand: Electronic Card Retail Sales (YoY) (Aug) increased from -0.5% to 26.9% Electronic Card Retail Sales (MoM) (Aug) increased from -0.2% to 0.9% Some economic news from today: China: Chinese Total Social Financing (Aug) increased from 756.1B to 2,430.0B M2 Money Stock (YoY) (Aug) increased from 12.0% to 12.2% New Loans (Aug) increased from 679.0B to 1,250.0B Outstanding Loan Growth (YoY) (Aug) decreased from 11.0% to 10.9% India: Bank Loan Growth increased from 15.3% to 15.5% Deposit Growth increased from 8.8% to 9.5% FX Reserves, USD decreased from 561.05B to 553.11B EUROPE/EMEA: The Bank of England has postponed a key interest rate decision following the death of Queen Elizabeth II. It follows moves by several public bodies to change their plans for the coming week following the death of Britain’s longest-reigning monarch. Economists had predicted the Bank of England would raise rates to 2.25%, the highest level since December 2008. The major Europe stock markets had a green day: - CAC 40 increased 86.43 points or 1.41% to 6,212.33 - FTSE 100 increased 89.01 points or 1.23% to 7,351.07 - DAX 30 increased 183.89 points or 1.43% to 13,088.21 The major Europe currency markets had a mixed day today: - EURUSD increased 0.00391 or 0.39% to 1.00484 - GBPUSD increased 0.00712 or 0.62% to 1.15906 - USDCHF decreased 0.01047 or -1.08% to 0.96053 Some economic news from Europe today: France: French Industrial Production (MoM) (Jul) decreased from 1.2% to -1.6% Italy: Spanish Industrial Production (YoY) (Jul) decreased from 7.0% to 5.3% US/AMERICAS: The labor market in the US remains strong as unemployment claims fell by 6,000 last week to 222,000. This marks the lowest level in over three months. Continuing claims, however, continue to rise. Continuing claims rose by 36,000 to 1.47 million, marking a nearly five-month high. Available jobs rose to 11.2 million which is a concern as it doubles the number of people seeking employment. Canada’s labor market is loosening as Statistics Canada reported that the unemployment rate rose to 5.4% in August from July’s 4.9% posting. The Labour Force Survey (LFS) noted that Canada’s economy eliminated 40,000 jobs last month. Part-time positions are on the rise after posting a 37,500 gain. The education sector saw a notable decline of 50,000 positions, while the construction industry fell by 28,000 jobs. Quebec experienced a gain of 27,000, while Ontario remained flat. BC, Manitoba, and Nova Scotia all reported losses as well. Wages advanced by 5.4%, marking the fastest annual pace in 25 years.  The August LFS marks the third consecutive monthly employment decline for the Canadian economy. US Market Closings: - Dow advanced 377.19 points or 1.19% to 32,151.71 - S&P 500 advanced 61.18 points or 1.53% to 4,067.36 - Nasdaq advanced 250.18 points or 2.11% to 12,112.31 - Russell 2000 advanced 35.94 points or 1.95% to 1,882.85 Canada Market Closings: - TSX Composite advanced 360.34 points or 1.86% to 19,773.34 - TSX 60 advanced 22.17 points or 1.89% to 1,196.21 Brazil Market Closing: - Bovespa advanced 2,384.77 points or 2.17% to 112,300.41 ENERGY: The oil markets had a green day today: - Crude Oil increased 3.201 USD/BBL or 3.83% to 86.741 - Brent increased 3.17 USD/BBL or 3.56% to 92.320 - Natural gas increased 0.0909 USD/MMBtu or 1.15% to 8.0059 - Gasoline increased 0.0963 USD/GAL or 4.10% to 2.4424 - Heating oil increased 0.0389 USD/GAL or 1.10% to 3.5790 The above data was collected around 13:35 EST on Friday - Top commodity gainers: Crude Oil (3.83%), Gasoline (4.10%), Rhodium (6.29%) and Wheat (5.21%) - Top commodity losers: Lumber (-1.64%) and Oat (-5.44%) The above data was collected around 13:46 EST on Friday BONDS: Japan 0.25%(+0.5bp), US 2’s 3.55% (+0.063%), US 10’s 3.3021% (+1.01bps); US 30’s 3.44% (-0.001%), Bunds 1.700% (-1.2bp), France 2.263% (+1bp), Italy 4.005% (+5.6bp), Turkey 11.16% (-2bp), Greece 4.259% (+5.2bp), Portugal 2.775% (+2.5bp); Spain 2.884% (+4.9bp) and UK Gilts 3.0950% (-5.2bp). Original Article Original Article Here: Read the full article

[seeloot]

A New Era in Indian Cricket: Will Chase Master Virat Kohli Resurrect?

Virat Kohli is one of the most dominant Indian Cricketer of all time. Being referred to as the Chase Master, he had also experienced a very severe career lean patch. Most importantly, he has made an incredible return because of his commitment to the game and diligence.

The Emergence.

Virat Kohli gained the attention of the World when he led the U19 India to a title win in 2008 held in Malaysia. He was drafted into India’s senior side and picked by the Royal Challengers Bangalore franchise in the inaugural season of the Indian Premier League 2008.

Virat made his ODI debut against Sri Lanka in 2008, T20 debut against Zimbabwe in 2010, and Test debut against West Indies in 2011. Since then he has made a strong impact in Indian Cricket with his batting and leadership skills.  

Since his debut, he has become the most consistent player in all formats. He always surprises fans with his chase and animated celebration on the field. The world expects a Century whenever he steps into the field. As he raised such a bar in the Cricket World.

Top Master Class by Chase Master Virat Kohli

86 balls 133* against Sri Lanka in Commonwealth Bank ODI Series, Hobart 2012

 It was a breakthrough innings from a young boy from Delhi on the Australian tour as he destroyed one of the greatest death-over bowlers Lasith Malinga in his prime. Sri Lanka has put a Huge Total of 320 runs with centuries from both Tilakaratne Dilshan and Kumara Sangakkara. India needed to chase down the target inside 40 overs to stay alive in the triangular series

Once India lost both the openers for 86-2, Virat built 112 run partnership with Gautham Gambir which ended in the 28th over, and with the help of Suresh Raina easily chased a huge total of 321 in 36.4 overs. Where he smashed three fours in the 31st over of Nuwan Kulasekara and destroyed prime Lasith Malinga by smashing four boundaries and a six in the 35th over, which also brought his Century in the first ball of the over. He ended the match with two boundaries in the 37th over and won the match for India.

52 balls 100* against Australia in the 2nd ODI, Australia tour of India, Jaipur 2013

Australia scores a whopping 359 runs in 50 overs, hammering the Indian bowlers by having each of its top five order batsmen score fifty runs. We appreciate the bowlers’ assistance in enabling us to see one of the biggest run chases in ODI history.

 When chasing the 360-run goal, openers Rohit Sharma and Shikhar Dhawan put together a sizable partnership of 176 runs in just 26 overs. Virat Kohli walked in and started playing his strokes after Shikhar Dhawan was removed for 95 runs.

With an innings that resembled a T20, Virat Kohli reached the half-century mark in just 27 balls and showed no mercy to the Australian bowlers. In the following 25 balls, he scored a hundred runs with a searing knock. Smashing eight boundaries and seven over the roof to record the quickest ODI century by an Indian. Eventually, India chased the target of 360 runs in just 44 overs with nine wickets to spare.

The Fall.

Virat Kohli, the backbone of Indian batting, suffered a loss of form during the 2014 England tour. He has struggled with the bat in the entire series with scores of 1, 8, 25, 0, 39, 28, 0, and 7 from four Tests. 

As James Anderson frequently got him out for balls that were outside the off-stump. As his confidence likely reached its lowest point in his career, he received harsh criticism from cricket enthusiasts and experts around the world. 

The Rise.

Virat Kohli made a strong comeback and demonstrated why he is regarded as the greatest white-ball player of his generation in 2016.

Before the 2016 IPL, Kohli has never scored a century in T20 cricket. He wasn’t ineffective by any means in the format, but he didn’t get the big numbers as he did in tests and one-day internationals. But in the ninth IPL season, he completely changed everything in a dramatic way.

In IPL 2016, Kohli eventually hit an amazing four hundred. This still stands as the record for the most hundreds a batsman has scored in a single T20 event worldwide.

The Finest chase by the maestro of the chase was seen by the world.

The sheer talent with which the Delhi batsman turned the game around in just 12 balls makes this masterclass stand out among the others. After losing to New Zealand in their initial match, India was under a lot of pressure to win the Super 10 encounter against Australia in order to advance to the World T20 semifinals. After crucial contributions from Aaron Finch, Glenn Maxwell, and Shane Watson, India was given a target of 161.

After a strong start from the openers, India was in serious difficulty at 50/3 after 8 overs, with a requirement of 9 runs per over. However, with Yuvraj Singh chewing up the balls and India needing 81 runs from the final 8 overs, the run rate increased as high as 10. Virat Kohli used his outstanding batting to cast a spell with 59 to get off the final 30 balls. With the help of MS Dhoni, Kohli scored 12 runs from the 16th over by converting singles into doubles with lightning-fast agility between the wickets.

However, after Shane Watson conceded just 8 runs in the subsequent over, it appeared as though India was going to be eliminated from the competition. With two fours and a breathtaking six off James Faulkner, Kohli turned the tide for India and brought the deficit to 20 runs in 12 balls. In the 19th over Virat smashed consecutive Four straight boundaries. In response, the Indian skipper sent the audience into a frenzy by hitting the opening ball of the last over for a boundary. This knock will stay on for years and can be bettered only by the Chase Master himself in the future.

The Fall of King.

Having reached his last century in 2019, the seasoned cricketer is currently through the toughest period of his career. The fact that Virat Kohli is finding it difficult to score runs, especially in the IPL, has drawn a lot of attention. Kohli’s lack of centuries was the only issue up until last year, but this year, since he gave up the captaincy in all forms, Kohli’s form has considerably declined.

 While many thought that relinquishing the captaincy would unleash Kohli the batter and allow the India superstar to regain his free-flowing form. 

 Kohli has fallen outside the top 10 in the ICC Test rankings for the first time in six years. He also slips out of the top 3 ODI ranking after 7 long years. He now holds the 24th spot in the ICC T20 rankings. Throughout his entire career, this appears to be his leanest form.

As we all know, for every 2014, there was 2016. For every setback, he has made a greater comeback.

[mitchbeck]

CANTLON: WOLF PACK SCORES LATE, BEAT BRIDGEPORT

BY: Gerry Cantlon, Howlings BRIDGEPORT, CT - The Hartford Wolf Pack winning streak is now six games after a 5-4 win at the Webster Bank Arena against Bridgeport Sound Tigers Tuesday afternoon. The Wolf Pack record improved to 9-6-1-0 (19 points) and shrunk the once-sizable Providence Atlantic Division lead to just seven points over the idle Bruins. The Bruins have two games in hand. Bridgeport lost their fifth straight, and their record slips to 3-12-1-0 (7 points). The game-winning tally came just 1:40 after the Sound Tigers had tied the game.

HUSKA SETS UP A GOAL

The Wolf Pack goalie Adam Huska was inserted to start the third period because starter Tyler Wall struggled. Huska has been working on improving his puck handling skills, and it showed in the third period when he beat the Sound Tigers' Thomas Kuhnhackl to a loose puck, fired it off the top of the glass on the right-wing boards in the Wolf Pack end. The puck came to Paul Thompson in a well-executed breakout pass. “Adam has been so much better handing the puck this year, it helps the defenseman on forechecks, and in this case, he helped the forwards, and you make your own breaks, “ said Pack head coach Kris Knoblauch. As Thompson entered the Sound Tigers' end, he lost his balance but could still slip a pass over to Patrick Khordorenko, who was behind the Sound Tigers defense. Khordorenko went strong to the net and deposited his second of the game and third of the season at 15:02 for his first pro-game-winning goal.

REACTION FROM BOTH COACHES

“It was a really strong play under pressure finishing off the breakaway, and he played a solid, strong game with two goals and, of course, the game-winner. “There is a lot of competition for ice time and being in the lineup. (Khordorenko) was out a few games, and a game like that makes it tough for a coach making out a lineup and keeping him in,” said Knoblauch. Across the way, the always competitive Sound Tigers' head coach, Brent Thompson, took no solace in the final being a close score. “Any loss is a bad loss. "No one is happy with the result. There were mistakes in the game you can build on, 100%. We came back, that’s something. It shows character and shows a step in the right direction, but the mental lapses at the end of the day have to be intense defensively. We've got to know where people are away from the puck. "We let them back in the game after battling back to make it 4-4. We did make 2-2, 3-3 throughout the game. We made it easy on them.  It’s disappointing. It’s not where we want to be. When we have breakdowns, they’re big ones.”

SOUND TIGERS HAD JUST TIED THE GAME

The Sound Tigers Parker Wotherspoon, victimized on the game-winning play, had just tied the game for the Sound Tigers with his first of the season. Wotherspoon took a Jeff Kubiak pass and wired it over Huska's right shoulder through a big screen at 13:24. It was the only puck to beat Huska. With the goalie pulled and an extra attacker on for the Sound Tigers, they piled on the pressure over the final sixty seconds. Still, shots by Kyle Maclean and Bolduc went wide, then Patrick Sieloff made a terrific block in front, but Bolduc, who has played well against Hartford, had a final shot as the game ended that Huska stopped to secure the win.

SCORES GALORE IN THE SECOND PERIOD

In the first period, there were no goals, and in the second period, seven combined goals were scored and three in the first four minutes of play. The Wolf Pack scored first. Morgan Barron came across the blue line, went deep on the left-wing wide on defenseman Mitch Vande Sompel and snapped one just inside the far post for his team-leading ninth goal of the season at 1:01. The goal extended his point-scoring streak to four games. Darren Raddysh also extended his streak with the primary assist. At 2:54, the Sound Tigers rookie Bode Wilde with Austin Rueschoff bore down on Wall and scored his second of the season. He launched a shot on Wall from the right point. The puck hit off the post and went into the net to even the game at one. At 3:40, the Wolf Pack grabbed back the lead at 2-1.

PACK GO BACK UP

The Wolf Pack's red-hot scorer, Ty Ronning, evaded the stick check by Wotherspoon and sent a cross-ice feed to a wide-open Justin Richards in the left-wing circle. Richards buried his second score via Jakub Skarek's five-hole at 3:40. The Sound Tiger fought back again to tie the contest. Winger Tanner Fritz went down right-wing with Vincent LoVerde; when he got to the lower face-off circle, Fritz sent a shot on net that Wall couldn’t contain and wound up in the back of the net at 9:42. "The puck was rolling a little bit. Sometimes those are tough for goalies to squeeze. I was fortunate there. Good things happen when you put the puck on the net,” Fritz said of his second goal of the year, both coming against the Pack. Forty-nine seconds later, the Wolf Pack jumped back into the lead 3-2 when Alex Whalen snagged a rebound, circled the Sound Tiger net, and flipped a backhand pass back to Rueschoff, who deposited his fourth goal into a wide-open left side of the net with a solid net-front presence from Mason Geersten that helped create that opening.

REACTION TO GERTSEN

“That line played very well, and Gert (Gertsen) makes a difference out there. Guys don’t want to check him, fight him, or leave him alone. He has been doing a really good job and created a lot of commotion in front. "Austin was left alone back door, and Alex made a perfect pass to him,” said Knoblauch on what has become an effective third line for the Wolf Pack." The Wolf Pack extended the lead to two goals when Patrick Khordorenko picked up a loose puck from a shot attempt by Tarmo Reunanen from the left point. It hit Bolduc’s skate and sent a backhander past Skarek for his second goal of the season at 14:51. Bridgeport rallied again to make it 4-3. Defenseman Seth Helgeson went down the right-wing with Raddysh keeping him at bay, launched a backhand shot in the lower right-wing corner. It almost got to the goal line because Wall was deep in his net; he thought he had the puck pinned to his near post. However, he didn't have it completely controlled, and the Sound Tigers' Arnaud Durandeau, trailing on the rush, went to the net, smacked the loose puck, and into the net. It was his second goal with a minute remaining in the period. The Durandeau goal getting past Wall gave Knoblauch the impetus to make the call to Huska for the third period.

FIRST PERIOD

The first period was a scoreless duel with the Wolf Pack with an 8-5 shot advantage. Early on, the Wolf Pack had solid forechecking pressure keeping the Sound Tigers five pinned in their zone for two minutes earlier. The fourth line provided the pressure but had two shots stopped. Tim Gettinger was stopped on his second shot. Wolf Pack rookie D-man, Hunter Skinner, put on a solid check inside the Sound Tiger side on Kyle MacLean of the Sound Tigers. LINES: Richards-Gettinger-Ronning Newell-Barron-Greco Whelan-Rueschhoff-Geersten Khordorenko-Thompson-Cullye Raddysh-Reunanen LoVerde-Skinner Giutarri-Sieloff Huska Wall THREE STARS: Patrick Kordorenko Tarmo Reunanen Darren Raddysh HONORABLE MENTIONS: Adam Huska Paul Thompson Patrick Sieloff Anthony Greco SCRATCHES: Jonny Brodzinski (upper-body) will likely play Thursday Jeff Taylor James Sanchez Michael O’Leary Ryan Dmowski Zach Berzzola Francois Brassard Gabriel Fontaine (upper-body, done for the season)

BRANDON CRAWLEY

The Wolf Pack reassigned/loaned defenseman Brandon Crawley to the AHL Cleveland Monsters on Monday. He is still Rangers' property and subject to recall by the Wolf Pack. Crawley is in the last year of his contract and will be an RFA (restricted free agent) next season. Crawley has played twice in the last three weeks in his only back-to-back games (March 25-27). He has played in seven games this season and just 16 in the previous two years. Crawley has been on the Wolf Pack taxi squad for most of this season and spent most last season with the Pack's ECHL affiliates, the Maine Mariners.

NOTES

The Wolf Pack has the AHL’s best power play with a 30.5% success rate. They had just one chance for the day. Ronning held a 36.4% shooting percentage coming into the game. Igor Shesterkin earned his first NHL shutout stopping the New Jersey Devils 3-0 shutout in The Prudential Center. Congratulations to Adam Erne (North Branford, CT) for scoring the 20,000th goal in Detroit Red Wings franchise history. Sadly, more of the COVID-19 collateral damage is that the Memorial Cup has been canceled for the second year in a row.

SOUND TIGERS MOVES

The Sound Tigers loaned forwards Yannick Turcotte, who played just two games against the Wolf Pack, to the South Carolina Stingrays (ECHL), and Brett Neumann, who played four gamers to Allen Americans (ECHL). Defenseman Mike Cornell made his regular season Sound Tigers debut this afternoon.

ZAC JONES

As expected, the Rangers signed defenseman Zac Jones (Selects Academy at South Kent Prep) from the NCAA national champion UMASS Minutemen (HE) to an entry-level (ELC) deal. Jones has agreed to a three-year entry-level contract that carries an $832.5K cap hit at the NHL level and will make the standard $70K in the AHL with a $92.5K signing bonus that brings him to the CBA negotiated ceiling of $925K. This season burns off the first year of his deal, according to CapFriendly.com. Jones is staying in New York and practicing with the Rangers. At this point, Jones will then have 14 games left in the regular season to get some NHL ice time. There is no sign that Jones will be assigned to Hartford this year. The Rangers now have 21 defensemen organizationally under contract.

JONES HISTORY

Jones, 20, skated in 29 collegiate games with UMass this season, registering nine goals and 15 assists for 24 points, along with a plus-17 rating and eight penalty minutes. He helped UMASS, located in Amherst, MA, win the National Championship this past Saturday in a 5-0 shutout of St. Cloud St. Jones was named to the NCAA (East) Second All-American Team this season, the Hockey East Second All-Star Team, and the Frozen Four All-Tournament Team, and he also helped UMASS win the Hockey East Championship during the season. He ranked second among NCAA defensemen in goals, He ranked third among NCAA defensemen in points, tied for third among NCAA The 5-11, 185-pounder skated in 61 collegiate career games in the two seasons, with UMASS registering 12 goals and 35 assists for 47 points, along with a plus-29 rating and 32 penalty minutes. Jones was named to the Hockey East All-Rookie Team as a freshman in 2019-20, as he led NCAA freshmen in assists (20) and shots on goal (89) and ranked third among NCAA freshmen in points (23) during the season.

MORE JONES INFO

The Richmond, Virginia native represented the United States internationally at the 2020 IIHF World Junior Championship and recorded two points (one goal, one assist) in five games and helped the United States win a gold medal at the 2018 World Junior A Challenge tournament. In the third round, Jones was selected by the Rangers, 68th overall, of the 2019 NHL Entry Draft and is the 18th player from Hockey East to turn pro so far, among 63 nationally who have signed North American pro contracts and the 25th underclassmen to depart school early. HARTFORD WOLF PACK HOME Read the full article

[showcaserealty]

Is Moving to Charlotte, NC a Good Idea?

Charlotte, the Queen City, is the second-largest banking town in the United States. The city is also famous for its diversity, dining, and career opportunities. The convenience of transportation, shopping, and extensive neighborhoods makes it a good idea to move to Charlotte, NC.

The cost of living varies and depends on the neighborhood you are looking at. Since the city is quite big, with a range of options, you can cut through the competitive market rates by checking out all your options. You can make the best of Charlotte NC Investment Properties. You can stroll through some of the best Charlotte, NC Homes for Sale. Talk to your Best Real Estate Agent in Charlotte, NC, to find a perfect home.

Now, let's look at why moving to Charlotte, NC, is a good idea.

What is Charlotte known for?

Charlotte City is known as a financial hub. The banking, employment, and real estate sector are very well established in Charlotte. It is also known for its well-educated population, thanks to its universities. In fact, Charlotte is famous as a "University Town".

The city hosts the famous NASCAR races and is home to its Hall of Fame. Charlotte is also home to many historical museums. The NFL's Carolina Panthers and the NBA's Charlotte Hornets both call the city of Charlotte home. Further, the city is also known for its architectural excellence. The modern skyscrapers, craftsman-style cottages, and bungalows are stunning. The beautiful Luxury Homes for Sale in Charlotte NC make it a mesmerizing place to invest.

Why is Charlotte popular?

Many find Charlotte appealing because of its harmonious neighborhoods. Its citizens bear a strong love for their two professional sports team sports. The city is also considered a Jewel of the South in North Carolina. That's one reason it is the epicenter for magnificent Charlotte, NC Condos for Sale. The city is full of culture, shopping, parks, and events for people of all ages to enjoy. 

The city is also a wonderful place to work. A Forbes survey ranks Charlotte as the first city for best employee engagement. The city attracts people from across the world due to the many multinational corporations who make their home here. Charlotte gives a better quality of living to match its business life. Charlotte has a variety of cultures integrated through the city for the best living experience. You can experience its beauty while searching for Charlotte North Carolina Homes for Sale.

Why is Charlotte called the Queen City? 

Charlotte got its name from Queen Charlotte Sophia of Mecklenburg-Strelitz of Germany when the city was founded in 1768. Later, when a group of colonists called 'loyalists' remained loyal to the British throne, they decided to keep the name, as Queen Charlotte was now King George III's wife.

Queen Charlotte served as the Queen of Britain and Ireland for 57 years. She was known for her philanthropy and love for art. She was also known as a patron of Mozart. Today, Charlotte remains as lovely and gracious as the queen it was named after.

What food is Charlotte known for?

Charlotte is famous for its delicious Southern Cuisine. You'll find its mouth-watering, deep-fried deliciousness at restaurants across the city. Since Charlotte has become a hub for immigrants from all parts of the world, there are now many other delicious foods to try. While Charlotte may not be as multicultural as New York or Chicago, it still has a lot to serve on the plate. 

Some of Charlotte's other must-have foods are BBQ and Krispy Kreme Doughnuts. You should also try Burgers, Seafood, Cheerwine soda, and Olive pickles.

Does Charlotte NC have four seasons?

Charlotte has four seasons, but winter and summer are the most prevalent. Summer days are sunny and bright. Winters are mild, a welcome bonus for those who live there. In springtime, flowers and waterways become a spectacular sight.

Charlotte moves into a festive mode in the warm summers. Lush with green leaves that turn yellow in fall, seasons in Charlotte are always picturesque. In short, the seasons in Charlotte are very warm and cozy.

What are winters like in Charlotte, NC?

Charlotte is in a warmer climate, so winters are very comfortable. As mentioned, the city experiences very mild winters. Temperatures average around 55 degrees, though they can get as cool as 30 degrees. Winter is a beautiful time to visit Charlotte. 

So, if you want to see Charlotte in winter, it is easy to guess the weather forecast. There are chances for winter to get colder as sometimes there might be very mild snowing in the city. It accounts for a maximum of six inches of snow per year.

Is Charlotte a fast-growing city?

Reportedly, Charlotte is the 4th fastest-growing town in the South. Many immigrants relocated to Charlotte for better employment and better living. A five-year growth rate of population in Charlotte's metro city was estimated to be 36.4% from 2006 to 2011. The numbers have now doubled in the past decade. The growth rate for the past decade is reported to be 59.6%.

How diverse is Charlotte, NC?

Few United States cities compare to Charlotte when it comes to diversity. People from many countries migrate to the Queen City. The metro city has a lot to offer them for employment. So, diversity is evident in every aspect of living in Charlotte. Diversity in food, culture, and tradition makes this place a perfect living area to explore many different cultures.

How is the housing market in Charlotte, NC?

The housing market of Charlotte, NC is very competitive. The limited inventory and strong demand have pushed the prices to a new horizon. Thus, it makes a place for a smart investment in the Eastern U.S.

According to Zillow, the median home value has increased by 9.1% in the past year. Thereby, it states that the prices have seen a rise in their numbers. Record-low mortgage rates have proved beneficial. There is an economic downturn and national health crisis. But, it seems counterintuitive for the Charlotte real estate market. The buyers are no more on the fence to make the purchase. That calls for an immediate investment opportunity. Nancy Braun Real Estate can help you make the best out of this opportunity.

Takeaway

Charlotte, NC, is a place where you get what you give. It is one of the most welcoming places in the United States. Consider buying a home in neighborhoods like South Park, Ballantyne, Myers Park, or Lake Park. Showcase Realty can help you with the best advice on settling on the right home. Nancy Braun Real Estate will offer you what you always dreamt of. She is known as the Top Real Estate Agent in Charlotte, NC. Connect with her to learn more about Charlotte, NC, investment properties.

[mysimsloveaffair]

Tambara finally joins me in the living room to play, but it seems she likes the rough and tumble stuff. I lift her and swing her around. She rewards me with all her cute little giggles and smiles.

A call from Ma interrupts our playtime. Maybe I’m paranoid, but my heart sinks when I see her face on my phone. I immediately think of how my friend Luca recently lost his parents. Is she calling to tell me that somebody died?

Wade: *on the phone* Ma! Is everything okay?

Melisa: *on the phone* Everything is fine. Why shouldn’t it be?

Ma is right. Why shouldn’t it be? My parents are still relatively young and healthy. They’ll be around for a long time, and a call from them is just that.

Wade: No reason. How’s everything going?

(Full post available to read on my website)

[poojaagrawal2902]

A Brief Insight About Real Estate

What is Real Estate?

In Real Estate, “Real” stands for physical and “estate” goes for Residential or commercial property. Real estate can be defined as “property consisting of land and building on it, along with its natural resources such as crops, water; immovable property of this nature, an interest vested in this also a real estate property, building and housing in general. More generally the profession of buying, selling and renting lands, buildings, or housing. 

Residential real estate - Residential real estate includes newly constructed homes and resale homes. The residential real estate includes a variety of housing among which single-family home is the most common one. Some of the other constructions include condominiums, townhouses, duplexes, triple-deckers, quadplexes, high-value homes, co-ops and vacation homes.

Commercial real estate - Commercial real estate build spaces for shopping centres and malls, medical and educational buildings, hotels and offices. Residential apartments are also considered a commercial because they are owned to produce income.

Industrial real estate - Warehouse, Industrial buildings, storage and research houses are produced under industrial real estate. Buildings that distribute goods are considered as commercial real estate. Classifications are important because zoning, construction and sales are handled by different sectors.

Land real estate - Working farms, vacant lands and ranches. Undeveloped lands and lands for reuse also comes under land real estate.

What is a Condo?

Condo’s are apartments with unshared walls generally, which means whatever come under the particular apartment is rightfully owned by the owner of the property.

Growth of real estate sector in India.

The growth of this sector is well integrated by the growth of corporate industries and the demand for the working space as well as urban and semi-urban accommodations. The real estate industry ranks 3rd among the 14 major sectors in term of direct, indirect and induced effects in all sector of the economy. The real estate industry is expected to reach a market size of 1 trillion US$ by 2030 from 120 billion US$ in 2017 and will contribute 13% of the country’s GDP by 2025. Construction for office spaces in Indian cities has increased by 26% year-on-year to 36.4 million sq.ft. Bengaluru is expected to be the most favoured property investment destination for NRI’s, followed by Ahmedabad, Pune, Chennai, Goa, Delhi and Dehradun. Private equity and venture capital investment in the sector has reached 1.47 billion US$ between Jan-Mar 2019. Investments for institutions is expected to reach 5.5 billion US$ in 2018, the highest in the decade. According to data released by (DIIP) Department of Industrial Policy and Promotion, the real estate sector in India has received over 25.04 billion US$ in the period of April 2000-March 2019.

 Major investment and development sector in India and their advantages.

India’s top Investment destinations.

Gujarat - A leading industrial state, enjoys faster GDP growth than India as a whole. Geologically located on the west coast of India, provides a gateway to land-locked states in north India. The state is also home to many of India’s best-known corporation like Reliance, Mahindra and Mahindra, Adani Group, Aditya Birla Group and Godrej. The state has wetlands in the south to deserts in the northwest, Gujarat offers a variety through its geography, the state potentials as a tourist spots boosts the value of its land. The state has a literacy rate of 79.31%, so setting up a business here is at minimum risk as you get the skilled and literate workforce. This is the main reason why major business houses have their offices in Gujarat. Data shows that the project implementation for the projects is high in Gujarat. The rising industrial activity in the state has turned the state into an employment hub. More and more people are flocking to find employment here, triggering fresh demand for real estate in Gujarat.

Advantages

Trade routes to the African continent and the Persian Gulf.

Almost 25% of India’s sea cargo passes through the state.

Gateway to northern India.

Ranked Top consistently in ease of doing a business survey.

Gujarat is a mineral-rich state incapacity, reserves and production.

Strong agriculture, automobile, and pharmaceutical industries are settled in Gujarat.

2. Maharashtra - Maharashtra is among the wealthiest and the most industrialized state in India. The state owes its success to its film industry, international trade, services, technology, aerospace, petroleum, fashion and apparel. Mumbai is the state capital as well as the financial capital of India. Serves to global banks and institutions, including the Reserve Bank of India - country’s federal bank, two largest stock exchanges (BSE and NSE) Bombay Stock Exchange and National Stock Exchange and head offices to Life and General Insurance companies, booming day-to-day construction sector in many parts of the state.

The real estate sector is continuously developing in the major commercial construction and for residential development, hospitality and  Government of India has enacted the Real Estate (Regulation and Development) Act in 2016 which came into force with effect on May 2017. Under this Act, the Government of Maharashtra established MahaRERA. for regulation and promotion of the real estate sector in the state. Maharashtra has equipped strength in the sectors like IT, telecom, petroleum and allied products, chemicals, engineering, automobiles and auto components, electrical and non-electrical machinery, and textiles. For this commercial real estate sector was in the boom in the state.

Advantages 

Geographically located on the western coast of India.

Gateway for imports into western India.

Houses the financial capital of India – Mumbai.

Provides a conducive business environment and can be used as a launching pad to the rest of the country.

Houses leading corporations and a key source and destination for FDI.

Competitive banking, financial, and service industries.

Home to one of the largest entertainment industries in the world.

3- Karnataka - Bangalore, being the IT hub of the country, receives much faster economic growth than most other cities making it a better place to live in. In a populated city with engineers and other professionals moving in to settle down here, buying apartments is the best way to go. Owning a property in a endure growing city like Bangalore can never be a bad idea. Being home to the booming IT industry of India, it is worthy to invest in property in or around the city. The real estate provides security as the prices in similar cities continue to rise with financial growth and CARG.

Advantages

Investor-friendly government has simplified procedures and transparent administration.

Good connectivity to major national and international markets.

Excellent telecommunication system with optical fibre connectivity throughout the state.

Home to public sector enterprises in heavy industry, aeronautics, precision engineering, telecommunications, health and pharmacy, and software development.

A leading producer of auto components, machine tools, and heavy electrical machinery.

Globally competitive in IT services and business process outsourcing (BPO).

4. Chennai - In Chennai, the properties are less expensive than Bangalore and Mumbai. As we are talking about a metropolitan city, with a constant flow of developing infrastructure day by day into the city, the demand increases as the time goes. Real estate is always a great investment option for investors in the city, with a rapidly growing appreciation value of properties, developing areas are always on the rise. Besides, the implementation of RERA and GST reforms is contributing to a transparent and fraudulent free industry though Chennai is taking place in one of the real estate developing hubs in India.

Advantages

A rapidly growing infrastructure in the city.

Homes typically increase in value, build equity and provide a nest egg for the future.

Your costs are predictable and more stable than renting because they're ideally based on a fixed-rate mortgage.

 What is the real estate industry booming factor?

India’s workforce expansion, economic transition and urbanisation as well as migration from different parts of India will boost investment opportunities in the next coming years leading to growth in housing, office, retail and warehouse space says property consultant CREDAI and CBRE reports. According to reports, the real estate sector would expand tremendously by 2030. The report estimated for office space stock will touch one billion sq ft by 2030, with flexible workspace accounting for 8-10 per cent of the total stock. The retail shopping centre stock is estimated to cross 120 million sq ft by 2030, while warehousing stock could touch 500 million sq ft by then. 

By 2030, residential real estate has the potential to almost double from the current stock of 1.5 million units in key cities, the report said. "As the Indian economy transitions and its workforce expands, it will offer vast development and investment opportunities for the real estate sector," CREDAI-CBRE report said. The growth of cities is going to further influence the country's built environment, while technology, demographics and environmental issues will become the new value drivers.

What is a Property Tax?

Every property is an asset which is taxable and the amount which is paid by the owner of the property to the government annually is known as the property tax. The tax can be paid to the state government or the Municipal Corporation, depending on the government policies. The word “property” in this context refers to all tangible real estate under the ownership of an individual which includes houses, commercial spaces and rented spaces to a third party. 

The concept of property tax is been found around for centuries and is accepted across the globe, with proper records of farmers and workers paying tax on their properties even in the middle ages.

The given below is the formula used by the Municipal Corporation of India to calculate the property tax of an individual. 

Property tax = base value × built-up area × Age factor × type of building × category of use × floor factor.

Different civic corporations use different methods to calculate tax, but the general overview of such calculations remains the same.

Property tax in India depends on the location of the property, with taxes varying from state to state.

The first assessment is carried by finding the occupancy status whether it is self-occupied or rented out, type of property (residential or commercial), amenities provided (car parking, rainwater harvesting, store, etc.), year of construction (single floored or kutcha structure etc), and the carpet area of the property.

After getting the necessary details the civic agencies use the formula to calculate the tax.

The property tax can also be calculated online. Just visit the municipal corporation website and have a search for Property Tax Calculator.

How to find the real home value?

Start with online valuation tools

The information provided by you will be used along with the information gleaned from public records to get the estimated value of the property. It is a simple and convenient way to get a crystal clear idea of what your home might be worth.

Work with a realtor.

      -      Realtors use their own techniques for determining the value and it can be helpful to get a second opinion. The process used by realtors is known as Comparative  Market Analysis (CMA).

      -     Working on with CMA, realtors usually look for the recently sold homes that are similar in size, location, no of bedrooms, location and in design.

      -      Broker Price Opinion (BPO) is another tool to determine your home value. 

      -      BPOs are often used more than CMA for short sale or foreclosure situation rather than regular home sales. BPOs costs money.

      -      Keeping in mind that CMA or a BPO still miss the mark because of the untaken feature that affects the property value.

 Hiring a professional appraiser

The job of the appraiser is to provide an impartial, thoroughly researched estimate of a home’s value. They get the details by visiting the property and reviewing the recently sold or pending sales comps.

If you are planning to hire an appraiser, do note down what report will be provided by the results of the appraiser.

On a point, the appraiser uses a checklist named “Fannie Mae’s Uniform Residential Appraisal Report”, this checklist is verified by the appraiser to check whether the conditions are met or not.

An appraiser should look for the following details

 Location of the home.

Whether the home is in the FEMA flood zone.

Condition of the utility service and fixture on the property.

Details of when the home was built.

On what type of foundation it was built.

Conditions of the attic and basement, heating and air system, walls, windows and doors.

Looking out for amenities.

Any additional repairs and improvements are needed.

Condition of appliances in the home.

Finding out any sign of damage that would compromise the structural soundness of the home.

Analyzing your own comps.

we can also compare our house using some factors to a similar one selling in our area.

Structural components and features.

Size and age of your property.

Sales history if any

Any improvement or construction.

Overall condition of the home.

Neighbourhood and location

Listing price vs Actual sale price.

Impact of GST on the Real Estate sector.

Indian economy is established by many industries working to make the economy strong and real estate industry is one of it. In present real estate industry contributes 6-8% of GDP and it is assumed that it will grow up to 13% by 2030. 

 At the recent GST council meeting held on 24th of February 2019, new GST rates have been introduced for residential real estate that will be applicable from 1st of April 2019. During the pre-GST era of taxation, multiple taxes were applicable such as VAT, stamp duty, registration charges and services charges that varied among different states with different charges. GST has played a significant role in simplifying the rates of taxation in the real estate sector that ranges from 5% - 18% depending upon some key factor.

New rates were applicable for GST in the Real Estate Sector.

  Types of Real estate property.                                         Rates after GST 

Residential Property (affordable housing segment)

8% with Input Tax Credit (ITC)

1% without ITC

Residential Property (non-affordable housing segment)

12% with ITC

5% without ITC

Commercial Properties

12% with ITC

12% with ITC (unchanged)

After the GST implementation on real estate in 2017, the industry was in assuming a dropping posture. However, in early 2018, there was an increase in demand and supply for real estate.

The growth was increased in affordable mid-income housing. The rates for the sales property witnessed an increase while in larger cities such as Delhi has a 2% decline in property sales, not because of GST but of oversupply of the housing sector. As on a note 2019 promises to be a better year for Indian Real Estate as the demand for both commercial and residential properties is expected to get a boost.

[mortgagebrokerplanotx]

Florida housing market settles into “new normal”

Contents

Max national housing

Servicer ally bank/gmac bank occ

Independent everbank reviews

Insured mortgage market

Full-fledged real estate boom characterized.

Home prices rise for first time in 18 months: RE/MAX (Denver, CO) — For the first time in 18 months, home prices in February rose higher, according to the monthly RE/max national housing Report. With a median price of $171,881, prices in the 53 cities surveyed by the RE/MAX National Housing Report rose by 1.1 percent over February 2011.Monday Morning Cup of Coffee: Fannie, Freddie bonds in high demand? It’s a new newsletter from The Washington Post that will land in your inbox before you reach for that first cup of coffee. It will bring you Washington. (Luke Sharrett/Bloomberg) – Workers in high.Independent reviews in mortgage servicer consent orders to stay sealed Radian 4Q earnings hit $36.4 million The article Radian Group Earnings: An Early Look originally appeared on Fool.com. Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow him on Twitter @DanCaplinger .Mortgage servicer ally bank/gmac bank occ and Federal Under consent orders issued reserve Consent Orders by OCC and the Federal Aurora Bank, FSB Reserve, 14 mortgage Bank of America, N.A. servicers are required to Citibank, N.A. retain third-party consultants to conduct independent everbank reviews of foreclosure HSBC Bank, USA, N.A. actions to identify borrowers JPMorgan Chase, N.A..MBA Secondary: Bringing private capital back into the market Banking is comprised of Consumer Banking, Commercial Banking, Global Corporate and Investment Banking and Asset Management. An investment bank offer financial services for clients, such as the trading of derivatives, fixed income, foreign exchange, commodity, and Equities or advisory services for mergers and acquisitions.

Canada’s national housing agency said Wednesday that the 47 per cent decline in the country’s insured mortgage market year-over-year in the third quarter is the ‘new normal level.’

So the housing market is "starkly different than a decade ago," said Alex Villacorta, VP of research and analytics at Clear Capital. "As such, it’s imperative for all market participants to understand the nuances of the New Normal Real Estate Market."

Florida law firms scrutinized in robo-signing scandal Florida law firms scrutinized in robo-signing scandal. This means extending regulatory requirements to transmission and gathering pipelines of eight inches and greater in rural class 1 areas, which could increase time frames and cost to complete projects. It is unclear what action may be taken on this proposal in the new administration.

HousingWire Content on ‘Sunshine State. Florida housing market settles into "new normal". A significant portion of the Bank of America settlement will go toward consumer relief in.

Tenet Healthcare Corp., owner of four Miami-Dade hospitals, paid $5 million in December to settle a South Florida whistle-blower lawsuit alleging that the company paid kickbacks to doctors by allowing.

Florida housing market settles into "new normal". [.] continues to steadily increase, making its ways back to normal trends as it reports rising median prices and increased inventory, the latest Florida Association of Realtors July report said.

It’s amazing how resilient a human being can be. Friday will be two months since I had my stroke, and now I’m settling in to what I call The New Normal. The New Normal means it’s going to take me twice as long and sometimes three times, to do anything. Cooking dinner?

Florida housing market settles into "new normal" After a slow and painful recession period, economic prosperity pushed the market out of recovery mode and into a full-fledged real estate boom characterized. more neutral market even looks like.. Mortgage applications for both purchase and refinance were up last week, just days after the U.S. Federal Reserve raised its benchmark interest.

FACEBOOK TWITTER. and customers made their displeasure known. Plus, the company’s CEO stepped down amid a Department of Justice investigation around his business.Florida housing market settles into "new normal" As South Florida’s retail real estate. might settle for less than the rate that they hoped to achieve," Stimming said.

UK Housing Market Settles. May 23, 2017. It would seem that the market has found a ‘new normal’ and has made a natural adjustment following the government’s intervention in terms of taxation on landlords and buy-to-let lending legislation from the PRA.

The post Florida housing market settles into “new normal” appeared first on Mortgage Broker Plano Texas.

https://ift.tt/2M7TJQR

[mathew-rooney-photography]

Day 253 of 365 Photo Challenge. Loch Lomond (/ˈlɒx ˈloʊmənd/; Scottish Gaelic: Loch Laomainn - 'Lake of the Elms') is a freshwater Scottish loch which crosses the Highland Boundary Fault, often considered the boundary between the lowlands of Central Scotland and the Highlands. Traditionally forming part of the boundary between the counties of Stirlingshire and Dunbartonshire, Loch Lomond is split between the council areas of Stirling, Argyll and Bute and West Dunbartonshire. Its southern shores are about 23 kilometres (14 mi) northwest of the centre of Glasgow, Scotland's largest city. The Loch forms part of the Loch Lomond and The Trossachs National Park which was established in 2002. Loch Lomond is 36.4 kilometres (22.6 mi) long and between 1 and 8 kilometres (0.62–4.97 mi) wide, with a surface area of 71 km2 (27.5 sq mi). It is the largest loch in Great Britain by surface area; in the United Kingdom, it is surpassed only by Lough Neagh and Lough Erne in Northern Ireland. In the British Isles as a whole there are several larger loughs in the Republic of Ireland. The loch has a maximum depth of about 153 metres (502 ft) in the deeper northern portion, although the southern part of the loch rarely exceeds 30 metres (98 ft) in depth. The total volume of Loch Lomond is 2.6 km3 (0.62 cu mi), making it the second largest lake in Great Britain, after Loch Ness, by water volume. The loch contains many islands, including Inchmurrin, the largest fresh-water island in the British Isles. Loch Lomond is a popular leisure destination and is featured in the song "The Bonnie Banks o' Loch Lomond". The loch is surrounded by hills, including Ben Lomond on the eastern shore, which is 974 metres (3,196 ft) in height and the most southerly of the Scottish Munro peaks. A 2005 poll of Radio Times readers voted Loch Lomond as the sixth greatest natural wonder in Britain. #365photochallenge #photooftheday #loch #lochlomond #viewfromBenLomond #water #clouds #grass #trossachs (at Loch Lomond & The Trossachs National Park) https://www.instagram.com/p/B2P0rDyBxNg/?igshid=z4llmxm3nbs9

[forextutor-blog]

New Post has been published on Forex Blog | Free Forex Tips | Forex News

!!! CLICK HERE TO READ MORE !!! http://www.forextutor.net/fomc-lifts-usd-as-fed-looks-through-soft-data-nfp-set-to-drive-usd/

FOMC Lifts USD As Fed Looks Through Soft Data, NFP Set To Drive USD

Want to know what our analysts think about USD? You may enjoy our FREE Dollar Forecast.

Talking Points:

US economic slowdown seen as transitory by FOMC, USD supported

JPY bears losing ground as USD/JPY trades at 61.8% of March-April range

Metals sell-off continues as silver sees 12th straight down day, worst slump since 2001

On Wednesday afternoon, the USD firmed up after the FOMC decision that informed markets that the Fed is looking through the soft data and seeing it as “transitory.” Second, the Fed noted in the statement where rates remained unchanged that they still expect to move forward later in the year with reinvesting the balance sheet, which is synonymous with shrinking their balance sheet, which ballooned through multiple QE attempts. USD strength was best seen vs. the Japanese Yen and other higher yielding currencies like the AUD, which fell 1.5%.

JPY weakness remains a theme worth watching as Japan provides no liquidity due to the Golden Week holiday that has markets closed. USD/JPY is catching the eye of technical traders as the daily chart shows a price move above the Daily Ichimoku Cloud as well the 61.8% retracement of the March-April range. USD/JPY is positively correlated with higher US Yields, which was the FOMC result of the rates market after the Fed statement kept the probability of a June rate hike high.

Lastly, the commodities sell-off continues as evidenced most clearly through silver and gold. Silver worked on its 12th day lower. The 12 down days makes this current bear run in silver the worst since 2001. Similarly, Crude Oil and Copper were sold on the day. Crude Oil traded near a six-week low as US production is at the highest levels since August 2015 and similarly high copper inventories saw copper drop by over 3.5% intraday.

Join Tyler in his daily webinar, FX Closing Bell at 3 pm ET to discuss market developments.

Would you like to see what our Analysts Forecast for JPY longer-term? Find out here!

Closing Bell’s Top Chart: May 3, 2017, EUR/JPY pushes through confluence of resistance

Tomorrow’s Main Event: Central Bank leaders Draghi, Poloz, & Lowe

Thursday provides three central bankers speaking across the globe. First, we will hear from RBA Governor Lowe. He will be speaking on Household Debt, Housing Prices & Resilience in Brisbane. Next, Mario Draghi (ECB) speaks in Lausanne, Switzerland. Lastly, Bank of Canada Governor Stephen Poloz will speak in Mexico City. All central bankers will be looked to provide hints about changes in monetary policy though Lowe appears to be the only one with the platform to surprise the markets.

IG Trader Sentiment Highlight:EUR/JPY sellers fight despite losing 122

EURJPY: As of May 3, retail trader data shows 30.6% of traders are net-long with the ratio of traders short to long at 2.27 to 1. The number of traders net-long is 7.0% lower than yesterday and 36.4% lower from last week, while the number of traders net-short is 12.3% lower than yesterday and 67.5% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURJPY prices may continue to rise. Positioning is less net-short than yesterday but more net-short from last week. The combination of current sentiment and recent changes gives us a further mixed EURJPY trading bias. (Emphasis Mine)

—

Written by Tyler Yell, CMT, Currency Analyst & Trading Instructor for DailyFX.com

To receive Tyler’s analysis directly via email, please SIGN UP HERE

Contact and discuss markets with Tyler on Twitter: @ForexYell

FOMC Lifts USD As Fed Looks Through Soft Data, NFP Set To Drive USD FOMC Lifts USD As Fed Looks Through Soft Data, NFP Set To Drive USD https://rss.dailyfx.com/feeds/forex_market_news $inline_image

[gizedcom]

85% of new coronavirus infections in Blackburn are among South Asians as local lockdown looms

Dominic Harrison, Blackburn with Darwen’s director of public health

A staggering 85 per cent of new Covid-19 infections in Blackburn with Darwen are among its South Asian population, a local health chief revealed today amid fears it will become the second place in England to be hit with a local lockdown because of a spike in coronavirus cases.

For the next month, only two people from the same family will be allowed to visit another household indoors in the Lancashire authority and everyone must wear face masks in any enclosed public space. This differs from the national guidance, which says two households of any size can meet inside. 

People are also being urged not to hug anyone from outside their own household and to get regularly tested at new mobile centres as part of the measures to avoid a Leicester-style lockdown, which council bosses say is a ‘very real’ threat.

Mass testing began at the weekend after 114 people caught the virus in the last two weeks. Latest Public Health England (PHE) data shows Blackburn with Darwen has 47 Covid-19 cases per 100,000 population in the last week — second only to Leicester’s rate of 101.3.

Dominic Harrison, the authority’s director of public health, said 85 per cent of the 114 new cases were people from South Asian backgrounds. That’s despite the South Asian community only accounting for 30 per cent of the council’s 150,000 population. 

Many other areas of England which have the current highest infection rates of Covid-19, such as Bradford, Rochdale and Oldham, also have large South Asian communities.

Professor Harrison told the BBC Radio 4 Today programme: ‘We have what we call a rising tide event rather than an outbreak. 

‘We have a number of cases rising in specific areas across a significant community but not a single big outbreak but not a single big outbreak like Kirklees or other areas that had a workplace outbreak.

‘What we’re seeing from looking at postcode data is a single case being infected then going back to a household and all of that household getting infected.

Cases in Blackburn with Darwen have soared from around 20 per 100,000 population to a rate of 47 since June 24

A mobile testing centre at Witton Park High School in Blackburn with Darwen. Residents are being encouraged to get tested even if they don’t have symptoms

Customers wearing face masks socially distance as they queue to enter a NatWest bank in Blackburn today

Mask-clad shoppers in Blackburn this morning, following news the area could see lockdown lifting measures reversed 

85 per cent of the authority’s new cases have been people from South Asian backgrounds. That’s despite the South Asian community only accounting for 30 per cent of the council’s 150,000 population (pictured, Blackburn’s town centre)

Latest Public Health England (PHE) data shows Blackburn with Darwen (shown) has 47 Covid-19 cases per 100,000 population in the last week — second only to Leicester’s rate of 101.3

What rules have Blackburn with Darwen Council put in place? 

These are the rules which Blackburn with Darwen Council has announced today:  

A limit of 2 people from the same household allowed to visit another household

Please wear face coverings in all enclosed public spaces 

Avoid hugging or shaking hands with anyone outside of your immediate family

Small shops – we will be stepping up our Public Protection advice to ensure that guidelines around face coverings, social distancing, good hygiene and increased ventilation is being followed

Get tested – even if you don’t have symptoms this will help with case finding

‘And when we look at that data we can see clusters in a part of the town but the clusters are household clusters and a number of those are causing the rising tide event.

‘We know they are mainly in South Asian areas and they’re in areas with a high number of terraced houses with high numbers of occupants in the house — four or five or more.

‘We’ve had 114 new cases in the last two weeks and about 97 of those are South Asian.’ 

Health Secretary Matt Hancock welcomed the extra measures introduced in Blackburn. He told BBC Breakfast: ‘On Blackburn, I think that the council there are doing a fantastic job.

‘There is a higher rate of Covid in Blackburn than the average across the country, it’s not as high as in Leicester. We’ve gone in and are supporting them, working with them, for instance put in much more testing. And then they’ve taken these steps locally and I applaud that.

‘This is exactly the sort of local action we want to see.’

A mountain of evidence has shown Britons from black, Asian and ethnic minority (BAME) backgrounds are more likely to contract the disease and die from it than white people.  

Scientists have yet to pin down exactly why minority groups are at a heightened risk of infection.

But they believe it may be partly explained by minority groups being more likely to live in deprived areas, live in large households and use public transport, where they interact with more potential carriers of the disease.

People from minority backgrounds are also more likely to have underlying health conditions, which is often related to poverty.

But experts say this can’t explain the whole story and increased rates of vitamin D deficiency among minorities are being investigated.

Blackburn with Darwen residents are now being told to wear face coverings in all enclosed public settings — including at work, hair dressers, beauty salons, pubs, libraries and museums.

People are being encouraged to bump elbows with other people out with their immediately family instead of hugging or embracing them.

For the next month, Blackburn with Darwen residents will have to elbow bump instead of hugging or embracing people from outwith their immediately family (Boris greeting staff at the London Ambulance Service NHS Trust on Monday)

Blackburn with Darwen Council (pictured: an aerial view of the council building) yesterday announced only two people can now visit another person at home

The council is also offering advice to small shops which struggle to enforce social distancing to help make them more ‘Covid secure’ (file)

WHICH AREAS OF ENGLAND HAVE THE HIGHEST INFECTION RATES CURRENTLY? 

Leicester

Blackburn with Darwen

Bradford 

Herefordshire 

Rochdale

Peterborough

Luton

Kirklees

Calderdale

Wakefield

Oldham

Bolton

Rotherham

Manchester

Sheffield 

Northampton 

Salford

Leicestershire

Stoke-on-Trent

Lancashire 

101.3

47.0                                  

36.5

36.4

30.5

27.4

24.3

23.7

20.0

19.1

16.6

15.1

14.7

13.3

12.9 

12.7

12.6

10.9

10.2

9.8 

Figures relate to the number of new coronavirus cases diagnosed for every 100,000 people living in each local authority between July 6 and 12. 

Testing has also been made available to anyone who wants one, with residents being actively encouraged to take a swab even if they don’t have symptoms.

And only two people from the same family are now permitted to visit another household indoors. 

This differs from the national guidance, which says two households of any size can meet inside.

The council is also carrying out inspections on small corner shops and offering advice to those which struggle to enforce social distancing to help make them more ‘Covid secure’.

Professor Harrison said he was particularly worried about these shops because many older people from South Asian backgrounds go shopping every day for fresh food.  

Professor Harrison added: ‘These steps will help and we are appealing to everyone in Blackburn with Darwen to follow them to protect themselves and their loved ones. If we don’t, a local lockdown, like in Leicester, becomes a very real possibility.’

He said the official number of cases may rise quite dramatically in the next week – but told the public not to panic because this will be due to increased testing. 

But if cases continue to rise after two weeks, then a localised lockdown would have to be considered to contain the virus’ spread.

Professor Harrison said it would be a gradual reimposing of the measures, rather than a blanket lockdown like was seen in Leicester.

Blackburn with Darwen has not yet seen a rise in coronavirus hospital admissions, which suggests the rise in cases in recent.

Professor Harrison said this boosts the council’s chances of containing the new resurgence before it spirals out of control. 

He said there was no evidence of workplace outbreaks or widespread transmission within schools. 

Council leader Mohammed Khan said: ‘I can reassure all local residents that the council is working with different agencies and organisations across the borough to help get the message out to everyone that life cannot go back to normal just yet, and we must all make sacrifices to avoid a local lockdown. 

‘Please continue to do your bit to stick to the rules to protect yourself and your family.’ 

Rate of Covid-19 infection in England dropped in May BEFORE lockdown restrictions were lifted 

The rate of coronavirus infection in England was significantly reduced before lockdown restrictions were lifted, a government study has found. 

More than 120,000 volunteers were tested across England in the month of May as part of the country’s largest coronavirus surveillance study.

Every infected person was passing the virus on to 0.57 people during May, just before schools and shops re-opened, the results show.

The finding is significantly lower than what was estimated by the Government at the time — between 0.7 and one —and proves the lockdown was effective at curbing the spread of the virus.

The reproduction rate — the average number of people each Covid-19 patient infects — was expected to be 2.4 before lockdown started.  

The research, run by Imperial College London, also gives an insight into who was more likely to catch the coronavirus in May.

Young adults aged between 18 and 24, people of Asian ethnicity, and care home workers were most likely to test positive for Covid-19.

Health Secretary Matt Hancock said the study, which has been repeated in June, is crucial to the country’s ongoing battle with coronavirus. 

‘This ambitious testing programme will help us better understand the spread of the virus to date, predict how it may spread in the future and inform our response to the pandemic,’ he said.

‘It shows the impact our national lockdown efforts have had and demonstrates that we have taken the right actions at the right time.’

Credit: Source link

The post 85% of new coronavirus infections in Blackburn are among South Asians as local lockdown looms appeared first on GIZED - Breaking News Worldwide.

from WordPress https://ift.tt/32g29PY via IFTTT

[mysimsloveaffair]

Back at the house, Maia and Tambara start their day with a potty training session.

Maia: Are you ready to give this another shot, little tadpole? You can learn to use the potty just like mommy and daddy.

Tami is a little unsure, but she sits down anyway. The sitting continues for a long time while Maia patiently watches. Suddenly, it pays off as Tami successfully poops and pees in the potty.

Maia: Good job! I knew you could do it.

Tambara: Yay! I do it!

Maia: You sure did.

[georgecmatthews]

What could short-term volatility mean for long-term investors?

Markets are continuing to be highly volatile — and the past two weeks have seen historic gains and losses. While I prefer to evaluate performance over longer periods, it’s understandable that investors are especially interested in the market’s daily fluctuations. Here’s what I’ll be watching in the coming week and months.

This current market volatility could lead to tomorrow’s long-term opportunities

On Feb. 28, the CBOE Volatility Index® (VIX®) — which measures expectations of near-term volatility — closed at 40.11.1 This is unusual, as there have only been seven periods since 1990 that saw the VIX finish the week over 35, but it’s hardly surprising given the recent volatility we’ve seen.

Interestingly, though, history shows that a weekly close in the VIX above 35 is correlated with higher stock prices in the next year. One year after each of the seven periods where the VIX closed over 35, the S&P 500 Equal Weight Index was higher, with an average return of 15.5%.1 In contrast, the average VIX  return was -38.4%. What’s more, over the same period, the S&P 500 Equal Weight Index outpaced the S&P 500 by 0.4%. (The one exception was the aftermath of Sep. 11 and headwind created by the “popping” of the technology bubble.)

So, what does this mean for investors? In my view, the VIX reflects investors’ current state of unease, but it also represents a buying opportunity for investors willing to take a longer-term approach.

Equity volatility may linger

The US market is in for a volatile year. Recent news reports suggest the worst of the coronavirus has yet to impact the US, and the market will be vulnerable to pricing the policy risk in the leadup to the November presidential election. The country is very polarized, so I believe there is a risk that President Donald Trump’s generally friendly fiscal/regulatory policies could be reversed. I believe the political dynamic is a reason for investors to consider holding onto low-volatility stocks. 

Tracking the impact of the coronavirus

When it comes to monitoring the impact of the coronavirus on economic activity, I recommend watching the price of oil and the direction of industrial commodity prices. Energy is critical to transportation and production, and it is likely to produce less noise than government comments and the talking heads in the media. 

Moreover, the Atlanta Federal Reserve’s (Fed) GDPNOW forecast for Q1 growth is 2.7%2, durable good orders looked to be on the upswing (helped by the inventory cycle), and pending home sales appeared to be especially strong. 3 Moreover, the Philadelphia Fed non-manufacturing survey was stout, pointing to robust growth.4 The strength of economic growth going into to the shock of the coronavirus may reduce the severity of its impact on the market. 

1 Source: Bloomberg, L.P. as of Feb. 28, 2020. VIX closed at 45.1; on June 4, 2010, the VIX closed at 35.5; and on Aug. 12, 2011, the VIX closed at 36.4. The seven periods where the VIX closed over 35 were Oct 31,  1997 to Oct. 31, 1998; Aug. 28, 1998 to Aug. 28, 1999; Sep. 21, 2001 to Sept. 21, 2002; July 19, 2002 to July 19, 2003; Oct. 3, 2008 to Oct. 3, 2009; June 4,  2010 to June 4, 2011; and Aug. 12, 2011 to Aug. 12, 2012. Past performance does not guarantee future results. An investment cannot be made into an index.

2 Source: Federal Reserve Bank of Atlanta GDPNOW as of March 2, 2020

3 Source: Bloomberg LP as of February 29, 2020

4 Source: Federal Reserve Bank of Philadelphia Nonmanufacturing Business Outlook Survey (NBOS) as of Feb. 25, 2020

Important information

Blog header image: Mima Foto/Stocksy

All investing involves risk, including the risk of loss.

There is no guarantee that low-volatility stocks will provide low volatility.

The CBOE Volatility Index® (VIX®) is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices. VIX is the ticker symbol for the Chicago Board Options Exchange (CBOE) Volatility Index, which shows the market’s expectation of 30-day volatility.

The S&P 500® Equal Weight Index is the equally weighted version of the S&P 500® Index.

The S&P 500® Index is an unmanaged index considered representative of the US stock market.

from Expert Investment Views: Invesco Blog https://www.blog.invesco.us.com/what-could-short-term-volatility-mean-for-long-term-investors/

[mortgagebrokerplanotx]

Worse news, everyone: The economy shrunk 2.9%, the most since 1Q2009

Contents

Moderate tax cuts

20 percent oppose

Dbrs fed officials

News covering gadgets

PIMCO’s Gross: How to Solve Housing Riddle Anyone’s Guess Meet Maggie Mahar. You’ll be seeing more of her on the JOURNAL this week, when we present MONEY-DRIVEN MEDICINE, a film produced by Academy Award winning filmmaker Alex Gibney (TAXI TO THE DARKSIDE,

Worse news, everyone: The economy shrunk 2.9%, the most since 1Q2009 New GSE appraisal database to tighten scrutiny on mortgage lenders Home prices in Santa Clara County shoot up AIG Has Financials Staring into the Abyss Subscribe to my channel so that you can be part of the "Community Tab" and access more helpful information. If you get any.

Clear Capital: Price recovery in most housing markets will slow down 2018 HW Insiders: Jill Cadwell Will Americans move to rural areas to find affordable housing? Hispanic households grow, accounting for more than half of new homeowners Wealth Inequality Among Asian Americans Greater Than Among Whites – It also means that many people cannot, for example, send their kids to the college of their choice, start and grow a business, or move to a new job. in the bottom half of the income distribution.Half of americans oppose bailout for Troubled Homeowners S&P expects only moderate tax cuts will be passed early next year How the GOP’s plans for tax reform could impact Tompkins. – At present, the tax credit – initiated in 2016 – offers tax credits that over time were reduced year by year for solar technologies, while offering moderate tax breaks for geothermal and small.Poll: Public Wary Of More Bailouts.. sixty-one percent of those surveyed say the government should help homeowners, while just 20 percent oppose. More than half of Americans also approve of.Independent reviews in mortgage servicer consent orders to stay sealed Radian 4Q earnings hit $36.4 million The article Radian Group Earnings: An Early Look originally appeared on Fool.com. Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow him on Twitter @dancaplinger .mortgage servicer ally bank/gmac bank OCC and Federal Under consent orders issued reserve Consent Orders by OCC and the Federal Aurora Bank, FSB Reserve, 14 mortgage Bank of America, N.A. servicers are required to Citibank, N.A. retain third-party consultants to conduct independent everbank reviews of foreclosure HSBC Bank, USA, N.A. actions to identify borrowers JPMorgan Chase, N.A..The result, criminal justice experts say, is a housing crisis among the formerly incarcerated, particularly among those recently released from prison. The lack of affordable. rural Georgia, Mr..Since joining Radian in March 2018, Cadwell has helped build a strategy that will continue to make Radian a pioneer in the industry. Cadwell is based out of Radian’s Pittsburgh office. "With more than three decades of experience, Jill is equipped with a vast amount of title and closing knowledge and her team is continually learning and growing from her leadership."Cities with robust local economies have seen strong price growth during the housing market’s recovery. of 45 days in the first quarter, down from 84 during the same time period in 2011, according.

Worse news, everyone: The economy shrunk 2.9%, the most since 1Q2009 In Venezuela prices double every 25 days, while the country’s economy shrunk by half in the past five years.*** The percentage of the world’s population living in ‘extreme poverty’ was 40 percent in 1980.

Large housing inventories to be sold at deep discounts in 2011: dbrs fed officials stay cautious in shifting market Worse news, everyone: The economy shrunk 2.9%, the most since 1Q2009 The rest was crony capitalism of the worst kind. However most reputable economists agree if loans were issued properly, none of the ensuing economic collapse.

Eight years after the beginning of the Great Recession, average salaries in the U.S. have actually shrunk when adjusted for inflation, with low-paying jobs hit hardest.

This book is dedicated to: MY FELLOW MEMBERS OF THE CANCER CLUB, who have found themselves on an unexpected journey and courageously face fear, suffering, and uncertainty every da

Way too much political nonsense in the push notifications star star star_border star_border star_border. Dude named Ben’s Review of Flipboard. Reviewed on 9/6/18 3:03 PM. Good app

Worse news, everyone: The economy shrunk 2.9%, the most since 1Q2009 The rest was crony capitalism of the worst kind. However most reputable economists agree if loans were issued properly, none of the ensuing economic collapse would have happened. Since you lied about my not reading. the private sector workforce has shrunk by 2.6% while.

Zillow appoints Errol Samuelson to new executive position SEATTLE, March 5, 2014 (GLOBE NEWSWIRE) — Zillow, Inc. (Nasdaq:Z), the leading real estate and home-related marketplace, today announced Errol Samuelson will join the company in the new position.Aceves ruling: Foreclosed homeowner has cause to sue bank for fraud Survey shows first-time homebuyers growing weary of short sales First-time buyers accounted for 32% of sales. growing since the beginning of the year. Though the metric fell two points in June from the previous month, as measured by the National Association of.S&P/Case-Shiller shows new low for home prices in 1Q Nationally, home prices jumped 6.2 percent in September compared with September 2016, accelerating from the annual gains in previous months, according to the S&P Case-Shiller. low end than on the.Aceves v. U.S. Bank, N.A. The court of appeal reversed in part, holding that Aceves stated claims for promissory estoppel and fraud. The court of appeal concluded that Aceves stated a claim for promissory estoppel. As alleged, in reliance on a promise by U.S. Bank to work with her in reinstating and modifying the loan,Americans outlook on housing defies overall economic pessimism California foreclosures set to surge He says the surge. one of many set up by local governments in recent years to manage abandoned properties. But Sheafe still can’t shake free of the house. The county sold his tax lien to a debt.The outlook for new home sales has been more optimistic of late. Through the first three months of 2019, more new homes were sold than in the same period in 2018. Home price growth is finally slowing as builders finally build smaller, more affordable homes and price cuts become more common.

Worse news, everyone: The economy shrunk 2.9%, the most since 1Q2009. Global sentiment remains dominated by the speculation over the timeline of the Fed’s. the labor force participation rate in July was 63.4% – reportedly the lowest it has been since 1979.

Mortgage servicer satisfaction back from the brink The loan servicer is one of the biggest banks in the country. A:. They may also call it the mortgage release or satisfaction of mortgage.. Having told you all that, you should check your files and see if you got those documents back from the lender. The lender should have also sent you the cancelled note and the cancelled mortgage or deed.

16 Aug 2017, Technology news covering gadgets, Websites, Apps, Photography, Medical, Space and Science from around the world brought to you by 15 Minute News

The post Worse news, everyone: The economy shrunk 2.9%, the most since 1Q2009 appeared first on Mortgage Broker Plano Texas.

https://ift.tt/2kImE4j