Go easy on homeowners as repossessions re-start looms, regulator warns lenders

first_imgLenders have been urged to treat the 1.8 million homeowners who have taken out Covid mortgage holidays fairly as the ban on home repossessions looms at the end of this month.Nisha Arora, the Director of Consumer and Retail Policy at the Financial Conduct Authority (FCA), told an industry conference yesterday that a majority of those who had signed up for these deferrals had been able to meet the new payment plans, but that a significant number needed more support.The FCA’s guidance to lenders has been crucial in shoring up the housing market during the crisis, during which it has changed its advice on dealing with struggling mortgage holders three times.This has helped hundreds of thousands of home owners avoid repossession.RepossessionsArora urged lenders to show those still struggling to pay their mortgage to show flexibility in the way they deal with each case, recognise vulnerable customers, and that repossessions should be a last resort.But she also revealed that those who have taken up a mortgage holiday should expect their credit profiles to be adversely affected “to ensure that lenders have an accurate picture of consumers’ financial circumstances and reduce the risk of unaffordable lending,” she said.“We have set out that once firms have agreed a repayment arrangement with a customer, they should waive or reduce interest, fees and charges to the extent necessary to prevent the balance from escalating.“This will help to avoid the debt becoming unmanageable for the customer and make it easier for them to get back on track.”Read more about repossessions.Nisha Arora home repossessions FCA Financial Conduct Authority October 14, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Go easy on homeowners as repossessions re-start looms, regulator warns lenders previous nextRegulation & LawGo easy on homeowners as repossessions re-start looms, regulator warns lendersBut FCA policy chief also warns those on mortgage holidays that they will see their credit profiles adversely affected in the future.Nigel Lewis14th October 20200961 Viewslast_img read more

Why China’s Navy Raises Concerns?

first_img Why China’s Navy Raises Concerns? View post tag: News by topic View post tag: Navy August 11, 2011 Share this article View post tag: Raises View post tag: China’s The last time the aircraft carrier once known as the Varyag generated this much concern, it was for fear it might sink…By Austin Ramzy /Dalian  (time)[mappress]Source: time, August 11, 2011; Authorities View post tag: Naval Back to overview,Home naval-today Why China’s Navy Raises Concerns? View post tag: why View post tag: concernslast_img

Phish Lyricist Tom Marshall Launches “Under The Scales” Podcast Series [Listen]

first_imgNext to many classic Phish songs is the credit (Anastasio/Marshall), a testament to the songwriting duo of Trey Anastasio and Tom Marshall. The longtime friends and musical partners have written countless tunes in the band’s repertoire, so it’s no surprise that Marshall would want to talk about said music. Fortunately for us, Marshall has started a new podcast called “Under The Scales,” where he dives deeper into the Phish culture from his unique perspective.Marshall launched the series with three episodes. The first talks about the motivation behind the podcast, the second discusses a songwriting weekend that led to some of Phish’s most prized material, and the third talks about “Riding The Rail” at shows. Check out all three episodes, with titles and Marshall’s descriptions, below.Episode #000: Let’s Take A RideMy producer, Mark Dowd, and I take a ride through Trey’s and my old grade-school, and discuss some history and motivation behind the Under the Scales podcast.Episode #001: The Songwriting WeekendIn 1997, Trey and I escaped for long weekends to write a lot of songs which eventually appeared on Phish albums and became part of Phish’s live repertoire. This is the story of one of those weekends, and how it got off to a *horrifying* start. Trey listened to this and said “it’s like the secret backstory to the song Twist” — and it really is.Episode #002: Riding the RailDerek Gregory joins me in the studio to discuss his extensive experience with Phish…he likes it up close to the band. Real close. I try to figure out the hows and whys of “riding the rail” as it’s called.We can’t wait for more Under The Scales!last_img read more

Modern Measure Shares Full Stream Of New Album, “For The Moment”

first_imgAfter much anticipation, the new album from Modern Measure is here! Titled For The Moment, the Atlanta-based jamtronica duo have put together a hot new release on 1320 Records. The album features 11 original tracks with collaborations from Jeffree Lerner of STS9, Kevin Donohue of SunSquabi, and JuBee from Michal Menert & The Pretty Fantastics.“For The Moment is about experiencing the music and everything life happens throws your way each day,” says the band. “This album is a collection of moments from our lives over the past three years.”The band has been working on the music for the new album since 2014, and really put themselves to the test with the unique collaborations. Modern Measure was able to record with Lerner in the Dominican Republic at Dominican Holidaze. Meanwhile, Kevin recorded his guitar part while on SunSquabi tour in Oregon, with JuBee’s session happening the day after the election in Atlanta. Jon Gutwillig (The Disco Biscuits) also helped produce guitar elements for the track “Daydream.”We’re excited to share this fresh new release! Stream Modern Measure’s new album, For The Moment, below.Modern Measure will be on the road in support of their new album throughout the year! The duo will soon hit the road for three weeks of dates, with stops in Knoxville, Asheville, Philadelphia, NYC, Burlington, and Boston to name a few. They will be joined by fellow 1320 Records artist and Denver native, Project Aspect, on the tour. In addition, you can catch Modern Measure at Shaky Beats Festival in Atlanta, GA, as well as Summer Camp Music Festival in Chillicothe, IL. Don’t miss out! Keep up with the band on their official website.last_img read more

Dave Matthews (Plus Special Guests) And The Revivalists Shine At Jazz Fest [Photos]

first_imgWell, the dizzying annual affair that is New Orleans Jazz & Heritage Festival is underway, thunderously charging toward its official close on Sunday. The days until the end of the weekend are packed with dozens of daytime performances at the Jazz Fest Fairgrounds and the venues across the city will continue to be stuffed ’til early in the morning with an insane amount of late-night performances by the hundreds of world-class musicians who have taken up residence in the city over the last week or so. Dave Matthews At Jazz Fest | New Orleans, LA | 5/5/17 | Photo: Dave Vann The Revivalists At Jazz Fest | New Orleans, LA | 5/5/17 | Photo: Dave Vann Photo: Dave Vann Photo: Dave Vanncenter_img Jazz Fest Round Two Kicks Off With Widespread Panic And George Porter, Jr. [Photos]On Thursday, the official Jazz Fest performances launched the second weekend of the massive event with a bang, seeing performances by Widespread Panic, George Porter Jr., and more officially welcome in the start of round two. Yesterday, on Cinco De Mayo, the crowd was similarly buzzing for Jazz Fest, and Friday’s festivities were kicked off by stunning daytime performances by Dave Matthews and Tim Reynolds–a joint performance that also saw the band welcome the legendary Jimmy Buffet to the stage, and later, trumpet player Rashawn Ross of Dave Matthews Band–and The Revivalists. You can check out photos of these performances below, courtesy of Dave Vann.KDTU’s Tribute To The Stones, Worship My Organ, And More Hit Jazz Fest Late Nights [Photos]As to be expected, the party did not stop there. To hold down some of the many Jazz Fest late night’s on Friday evening, Karl Denson’s Tiny Universe, White Denim, and Worship My Organ (featuring John Medeski, Robert Walter, and Marco Benevento), all threw down across New Orleans in addition to the massive 15th annual Bayou Rendezvous, a huge event with nine performances across the Howlin’ Wolf’s two stages, including multiple giant all-star collaborations.The 15th Annual Bayou Rendezvous Takes Over The Howlin’ Wolf For Jazz Fest [Photos] Load remaining images Load remaining imageslast_img read more

U.S. newborns are weighing less, study finds

first_imgBirth weights in the United States are on the decline, a study has found. The report, released Thursday, found a small but significant decrease in average birth weights from 1990 to 2005, for reasons that scientists say are unclear…“We were startled by the findings,” said senior author Dr. Emily Oken, assistant professor of population medicine at Harvard Medical School. “We tried really hard to explain it away, but we were unable to…”Read more here (Los Angeles Times)last_img

Justice in the classroom

first_img November 15, 2000 Jan Pudlow Associate Editor Regular News Justice in the classroom Justice in the classroomAssociate Editor With his black robe casually slung over his arm, Florida Supreme Court Justice R. Fred Lewis strolled into Tallahassee’s Gilchrist Elementary School. An employee in the front office checked in the prestigious visitor and joked: “Oh, put your judge’s robe on. That will intimidate the kids and keep them in line.”Justice Lewis did don his black robe before stepping inside Ginny Webb’s fifth-grade class — but for the totally opposite reason.“Did you ever wonder what fat old judges wear under these black things?” he asked, as the room full of 10- and 11-year-olds giggled.With dramatic unzipping, the justice announced with a smile: “See, we wear a regular suit and shirt like anyone else. Because you know what? I learned a long time ago it’s what’s in here,” he said pointing to his head, “and what’s in here,” pointing to his heart, “that’s much more important than what you wear.”To the amazement of their regular teacher, Justice Lewis captivated his young audience for two full hours without a break. Voice animated, arms wildly gesturing, eyes dancing, he took the students on a rollicking ride through the history of the Bill of Rights, illustrating why we need them all to be free.“I love the kids. I get a joy out of doing it,” Justice Lewis said after teaching the class with help from Annette Pitts, executive director of the Florida Law Related Education Association, Inc. The twosome travels all over the state, as much as seven times a month, visiting classrooms, putting a human face on the Supreme Court, while making the law relevant to students of all ages.“I met my first judge when I was in law school. I didn’t meet a judge when I was little. I had no idea. I was intimidated by judges and lawyers,” Justice Lewis said. “I think it’s important that everyone in society sees that beneath the robe we’re all the same. It’s just a piece of cloth. There is something about the dignity of the court that you have to continue. But the most important message is it’s not what you wear, it’s who’s under the robe. I like to share with them that beneath all this, we’re all in this together.”Together — the jovial justice asking questions and the children eager to answer — they had fun learning about the importance of our constitutional rights. By example, he taught the children they can be whoever they want to be.“I grew up in a place called West Virginia. It’s a place up in the mountains. When I was your age, I was in a little school in a coal-mining town. And my mom and my dad and all my relatives said, ‘You know, you really have to be the best student you can be if you want to do something other than go underground and be a coal miner. And while you’re doing that,’ they said to me, ‘you have to be the best person you can be.’ So I listened to what they said, and I tried really, really hard. And I was able to get a scholarship.”The children had already done their research on their distinguished guest teacher, and they knew he went to college on a basketball scholarship.“They thought he was really cool because he was both an athlete and a scholar,” Mrs. Webb said.After working hard as a lawyer in Miami, he told the class, the Governor called and said, “I’d like you to be on the Supreme Court.”“Nobody thought I could do that. I came from a poor family. I had no power. You hear all these things, that you have to be rich. You don’t have to be. You can be anything that you want to be. You can be the Governor of this state. You can be a legislator. You can be a mayor. You can be on the county commission. You can be a judge. You can be a doctor. You can be whatever you want. Isn’t this a grand place?”Part of what makes living in this country such a grand place, he detailed, are the freedoms we enjoy as citizens. And one by one, he went down the Bill of Rights.As for the right to trial by jury, he baited his young audience: “Don’t you think a fat old white-haired guy like me could do a better job than a jury? Let’s go back in history to over 200 years ago. Who appointed the judges? The king. Who paid the judges? The king. Guess who the judges were beholden to for how long they could keep their jobs? The king. Guess what? If you went into court against the king, guess who’s going to win? The king.“Ohhh! So would you want to go into that courtroom with a fat old white-haired guy like me who’s going to rule for the king every time?”As little heads shook “no,” Justice Lewis said: “Oh, interesting. You’d rather have your neighbors decide whether you did right or wrong. What other kinds of rights do we have?”“Freedom of religion,” offered student Geoffrey Gray. “When you have a religion, you can worship any way you want.”“But what if the legislature downtown decided we should all go to the Church of the Mumbo Jumbo? That would make everything easier, wouldn’t it?” Justice Lewis asked.And Geoffrey bounced back: “But what if you don’t want to do that? That’s why we broke away from the King!”What about peaceable assembly?Clapping his hands together, Justice Lewis marched in front of the chalkboard and asked: “Is that what you play in the band?”And what about right to legal counsel?“Who goes with us to trial? A lawyer! But the lawyers are all bums, aren’t they?” Justice Lewis said. “They advertise on TV, and they chase ambulances around and throw their business cards, don’t they?”“Yes, some do,” one girl nodded with agreement.“Let’s see now. Guess what if we didn’t have a lawyer? We wouldn’t know what to do in the courtroom. Ever try to play a game where you don’t know what the rules are and the other person does? You lose real quickly, don’t you?” he asked.Then it was time for the children to be the decision-makers.“It is the Year 2030,” Pitts announced. “How old are you?”“40! 41!” the kids fired back.“You are very successful. You’ve grown up,” Pitts continued to set the scene. “You’re legislators and judges and mechanics. You have families of your own. You have nice homes. And you are free, and you are happy. You go home that night, you have a nice dinner, you kick your feet up and you’re going to watch a little television. And a newscast comes on and says: ‘Sorry to interrupt. The country has been invaded.’”“OH NO!” Justice Lewis yelled, making a girl scream and nearly jump out of her seat. “What are we going to do now?”Pitts explained: “The invader says, ‘We’ve watched this country for a long time. The citizens don’t even know their rights. They don’t care about them anyway. And we think you have too many. You have 10 rights. And you may chose only five, the five most important to you.’”So the students gathered into groups until they were ready to announce their choice of top five rights: freedom of speech, the right to bear arms, the right to be free from cruel and unusual punishment, freedom of religion, and freedom from unreasonable search and seizure.“It’s magnificent you have selected freedom of speech,” Justice Lewis said. “But, my friends, I’m sorry to inform you you’ll have to go stand in the corner and talk to yourself, because you cannot assemble. You’ll talk quietly in the corner all by yourself. No one can hear you. No one can interact with you. You cannot communicate your ideas to anyone. So have fun talking to yourself.”The kids burst out laughing.“You certainly have the right to bear arms. But when the government tries to take that away from you, you will not have a jury trial. You will only have judges appointed by the king, or the government. What else will happen? You won’t know what to do. The king will control the rules, and you won’t have a lawyer. “You won’t even know what’s happening to you, because you won’t have freedom of the press.”And on it went until the point was driven home.“What did we learn?” Justice Lewis asked.“We need them all!” the children shouted in unison.“Ever have a really good friend and you never told them that you loved them, and they moved away or something happened to them and you never got a chance to say, ‘I love you?” Justice Lewis asked.“That’s what happens with these constitutional rights. If you don’t take the time to embrace them, to love them, to protect them, to care about them, they may be gone.” After guiding them through a real Florida case that went all the way up the U.S. Supreme Court about an unlawful search and seizure of a 15-year-old boy, as well as a lesson about how a man from Panama City named Gideon made a big difference when he scratched out a request for a lawyer on piece of notebook paper from jail, it was time to go.The children said they’d like to come to the Supreme Court and visit him and sit in his chair. “You can sit in that chair, because that chair belongs to you,” Justice Lewis said. “I just sit in it for a short while. And I hope, on down the road, that if someone infringes on your rights — or on your family’s rights — you’ll know what to do.”One by one, Justice Lewis stooped low at each desk and shook each little hand goodbye.And Mrs. Webb, the fifth-grade teacher, watched with sparkling eyes.“Have you seen the movie, ‘Pay it Forward?’” she asked. “Well, Justice Lewis is paying it forward. With my kids, we talk about it every day: What can we do to make a difference? So these children are seeing somebody of his stature doing the ‘Pay it Forward’ today.”last_img read more

The best leaders know – that they do not know!

first_imgThe only true certainty in life is uncertainty. We live in a constantly changing world. Even though we have access to more information than any generation that ever lived, it’s still impossible to know what’s going to happen tomorrow with absolute certainty.The best leaders are masters at dealing with uncertainty. A capacity to deal with uncertainty is also a baseline indicator for evaluating candidates for potential leadership opportunities.There is a lot of powerful data available today, most notably the research of Randall White and Sandra Shullman that confirms that developing a comfort with uncertainty is one of the most valuable assets for aspiring and experienced leaders.Viewed as a trait, uncertainty also helps a leader establish trust and credibility. To put it plainly, people tend not to trust people who seem too sure of themselves. Researcher Erik Douglass reports that “Leaders who were confident but relatively uncertain were viewed as more effective…”We’re more willing to follow someone who doesn’t believe––or pretend to believe they know everything about the future.And on the flip side, over-confidence can produce disastrous outcomes. Don A. Moore wrote the following in Harvard Business Review:“Research has shown that over-confident CEOs make overly risky decisions, often at the expense of their shareholders. Leaders who are able to come to terms with uncertainty and communicate it to employees may avoid such bad decisions.”Now that we’ve established how important it is for a leader to be somewhat comfortable with uncertainty, there’s a sad fact we must face––we’re not generally good at it! An inability or unwillingness to face uncertainty competently and confidently is a huge problem today, especially for aspiring and emerging leaders.Fortunately, the solution to this problem is remarkably simple. It does, however, require some courage and some discipline. I learned how to deal with uncertainty in the rough and tumble environment of the dojo. The same process applies to the business world.#1 If you want to become more comfortable with uncertainty––you’ve got to expose yourself to it!You simply can’t train courage and confidence without exposing yourself to risk. In the dojo we practiced endless self-defense scenarios. As soon as we were comfortable with one set of conditions, the Master changed them, usually without warning.We took our lumps! But by exposing ourselves to the unexpected, we learned to deal with rapidly changing and unanticipated conditions quickly and effectively. We learned how to adapt, improvise and innovate.What are you doing in your life and business to expose yourself to risk and uncertainty? Or, like too many people, are you trying to avoid it?#2 Comfort, courage and confidence come from training and preparation. Acknowledge the fact that absolute certainty is nothing but an illusion––another powerful philosophy I learned from my Eastern Masters. Having acknowledged that fact, the way to develop a “quiet mind” in the heat of battle is to prepare for as many contingencies as possible.Training in this way, you remove many of the variables that may otherwise have taken you by surprise. And even when conditions are not exactly what you expected, the situation may be similar enough to something you’ve trained for that you can adapt to any variation quickly.As important as it is to become proficient in certain techniques, it’s even more important to develop a calm and centered mind. That’s the mindset you need to respond to chaos and as a leader––to be the calm in the center of the storm.And that comes from training.What are you doing to train yourself to respond to unexpected or rapidly changing conditions?#3 Anticipate as many contingencies as possible and have the courage to consider the improbable, the impossible and the worst case scenario.As I noted above, an over-confident leader can make bad decisions. Arrogance has destroyed many promising and successful leaders.Think about what could happen––both good and bad. Plan for the most improbable conditions, prepare for the worst possible outcomes and train yourself to face the most improbable conditions with courage. What are you doing to anticipate and prepare for the worst case scenario and the least likely challenges, situations and conditions?Finally, remember always that one of your most important roles as a leader, if not your most important role, is to develop the next generation of leaders. As Tom Peters famously said, “Leaders don’t create followers. They create more leaders!”If you want to develop strong, competent leaders on your watch, you must expose them to challenges and risks too.You decide the level of exposure, both for your protege and for the organization, but keep in mind that to become comfortable with uncertainty, you must be exposed to it. There is no true growth without risk––especially for leaders.Identify, manage and even develop opportunities for aspiring leaders to test their mettle under live fire. Sure, there is risk that they’ll fail once in a while. But in the long run you’ll find that your future leaders are those who will surprise you with their ingenuity, creativity and exemplary performance under pressure––Given the chance!There are no shortcuts. I wouldn’t want any.You develop your full potential as a leader by embracing your most daunting challenges. There is no greater challenge than facing the unknown. 53SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Jim Bouchard “THE SENSEI LEADER is not just another leadership development program. It is a movement.”Our programs support this movement and help us fulfill our vision and mission…                                                                     Vision: To promote … Web: TheSenseiLeader.com Detailslast_img read more

Trump lies in the White House briefing room, and the networks pull the plug.

first_imgPresident Trump broke a two-day silence with reporters to deliver a brief statement filled with lies about the election process as workers in a handful of states continue to tabulate vote tallies in the presidential race.The president painted the election results so far as part of a broad conspiracy to deprive him of winning a second term by Democrats, election officials in various cities and the media.- Advertisement – The three big broadcast networks — ABC, CBS and NBC — all cut away from President Trump’s appearance as the president’s false claims about the integrity of the election mounted.- Advertisement – “If you count the legal votes, I easily win,” Mr. Trump said shortly after he took the podium in the White House briefing room, a false statement that cast aspersion on the rest of the election. He offered no evidence.He then listed a series of conspiracy theories about why ballots arrived late in places. And at the same time that he insisted Democrats were figuring out how many mail-in ballots they need in order to counteract his performance in various states, the president listed off a series of Republican wins on Tuesday. He appeared not to see the cognitive dissonance in saying that other Republicans won while he lost as he outlined a plot about others harming him, and left the room without taking reporters’ questions. – Advertisement – MSNBC declined to air his remarks live at all. On Fox News, the White House correspondent John Roberts told viewers that “we haven’t seen any evidence” to back up Mr. Trump’s claims of electoral fraud. The anchor Bret Baier concurred, adding, “We have not seen the evidence yet, John.” Mr. Trump’s speech was timed to air during each of the network’s evening newscasts, which draw the biggest collective audience in TV news. But network anchors broke in after a few minutes to correct some of Mr. Trump’s false claims.“We have to cut away here because the president has made a number of false allegations,” Lester Holt said on “NBC Nightly News.” On ABC, the anchor David Muir broke in and told viewers, “There’s a lot to unpack here and fact-check.”Although CNN and Fox News continued carrying Mr. Trump’s remarks live, the decision by the other networks to break away deprived Mr. Trump of a significantly larger audience for his unfiltered — and un-fact-checked — views of the election. – Advertisement –last_img read more

Nusantara Dua satellite fails to reach orbit after launch from China

first_imgEditor’s note:The story has been updated to include a statement from Indosat Ooredoo. The Nusantara Dua satellite, which is owned by several Indonesian companies, has failed to reach orbit after taking off from China on Thursday.The satellite was carried by the Long March 3B rocket at liftoff from the Xichiang Satellite Launch Center in southwest China’s Sichuan province at 7:46 p.m. local time on Thursday.“However, there was an anomaly during the third stage of rocket separation and the satellite could not reach its predetermined orbit,” satellite operator Palapa Satelit Nusa Sejahtera (PSNS) said in its official statement on Thursday evening. The newly built satellite is owned by satellite communications provider Pasifik Satelit Nusantara (PSN), telecommunication service provider Indosat Ooredoo and telecommunications company Pintar Nusantara Sejahtera (PNS).The three companies established a joint venture called PT PSNS to serve as the satellite operator.Read also: Indonesia launches first internet-only satellite with SpaceX rocketChina’s state-run Xinhua News Agency reported that the satellite was destroyed during the launch. Authorities initiated an investigation into the launch failure. The satellite, built by China Great Wall Industry Corporation, was supposed to replace the Palapa-D satellite located at 113 east longitude to provide broadband internet access and high-quality broadcasting services.“Nusantara Dua is covered by insurance that fully covers satellite launch and operational risks,” PSNS president director Johanes Indri Triatmodjo said in an official statement.The satellite weighs 5,550 kilograms and has 20×36 MHz C-band FSS transponders and 9.5 gigabit-per-second HTS. The satellite was to cover regions throughout the Asia-Pacific and Australia for C-band transponders and throughout Indonesia for HTS.Despite the incident, Indosat Ooredoo chief business officer Bayu Hanantasena said the company remained committed to ensuring optimal customer services.“We have a sustainable business plan and will work hard to make sure our customers won’t experience any disruption in our services,” he said in a statement sent to the Post on Saturday. Topics :last_img read more