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Saturday, August 27, 2005

Shoppers World in Brampton, Ontario, Canada asks its visitors to “look up, look way up” this October.

The Highway 10 and Steeles Avenue mall is encouraging Bramptonians to paint a ceiling tile for charity this summer, for their upcoming “Looking Up to the Arts” event. The tiles should represent either what Brampton means to you, or the arts in Brampton.

Anyone can paint a tile for the event by buying one at the customer service desk for $5. Once tiles are completed and returned for the event, participants receive a gift certificate for $5. The ceiling tiles must be finished and returned by October 7.

The tiles will be auctioned off at the end of the event, with money going to the Brampton Arts Council.

Local dance, music, theatre and visual arts group will perform and promote at the mall’s event, which will be held from October 12 to 22.

This isn’t Shoppers World’s only celebration of the arts. The mall is the permanent home of the Artway Gallery, a community exhibit space on the west side of the mall. Organized by Visual Arts Brampton, the space allows anyone in the community to exhibit publicly.

Thursday, October 3, 2013

A review this week by Wikinews of US Consumer Financial Protection Bureau (CFPB) complaints about mortgages in the United States shows Bank of America leads all lending institutions in complaints.

Since mortgages complaints were recorded in December 2011, 77,622 total have been added to CFPB’s database. 29.2% of these complaints involved Bank of America, with the second most received by Wells Fargo, accounting for 15.5% of all complaints. JPMorgan Chase ranked third by volume of complaints with 9.8%. Ocwen was fourth with 8.7% and Citibank was fifth with 4.8%. Nationstar Mortgage; Green Tree Servicing, LLC; HSBC; PNC Bank; U.S. Bancorp; OneWest Bank; SunTrust Bank; Flagstar Bank; and Select Portfolio Servicing, Inc. each had between 1.0 and 3.8% of total complaints. The remaining 14.4% of all complaints about consumer mortgages were divided between about 530 other lending institutions.

The Motley Fool reported last month that for the past fiscal quarter, the biggest US based mortgage lenders were from first to fifth Wells Fargo, JPMorgan Chase, Bank of America, Quicken Loans and U.S. Bancorp.

According to the US Federal Reserve, debt for family residences stands at US$10.706 trillion for the second quarter of 2013. As of the end of June of this year, Bank of America is the United States’s second largest commercial bank with US$1.343 trillion in domestic assets. Wells Fargo is the fourth largest commercial bank with US$1.251 trillion in domestic assets. JPMorgan Chase is the largest US commercial bank with US$1.329 trillion in domestic assets and US$1.947 trillion in total assets.

The mortgage complaints in the CFPB report include several subproducts. Conventional fixed mortgages account for 27.1% of all complaints. Conventional adjustable mortgages account for 10.0%. FHA mortgages account for 7.7% of all complaints. Home equity loans or lines of credit account for 3.8% of all complaints. VA mortgages are 1.4% of all complaints. Second mortgages and reverse mortgages each account for 0.6% of complaints. The remaining 48.7% of complaints are about other mortgages or other mortgage issues. A few years ago, FHA loans accounted for about 10% of all US mortgages while VA loans accounted for about 3%. Prime loans accounted for over 75% of the market and the rest were subprime mortgages.

California leads all states by volume of complaints with 14768. It is followed by Florida, New York, Georgia and Texas. When complaints are divided by a state’s total population, New Hampshire leads. The state is followed by Washington D.C., Maryland, Georgia and Florida. Complaints do not correlate with national rankings for August’s foreclosure rate by state where Nevada topped the list, followed by Florida, Ohio, Maryland and Delaware.

Two zip codes account for over 1,000 total complaints between them. 565 complaints originated in the 48382 zip code, which is in Commerce Township, Michigan, located in suburban Detroit. 553 complaints originated in the 33071 zip code, in Coral Springs, Florida. According to real estate website Zillow, there are currently 1,033 properties in foreclosure in Coral Springs while Commerce Township only has 131 properties currently in foreclosure. Four other zip codes have 100 plus complaints originating from them. 91730, in Rancho Cucamonga, California, had 158 complaints. 33409, in West Palm Beach, Florida, had 132. 92626, in Costa Mesa, California, had 125 complaints. 92660, in Newport Beach, California, had 122 complaints. Respectively, the towns had 534, 1,068, 153, and 134 properties currently in foreclosure. These numbers are higher than for the cities of a few sampled zip codes where there was only one complaint, such as Gold Hill, Oregon which has 4 properties in foreclosure, and Decatur, Illinois which has 6 properties in foreclosure.

The CFPB categorizes complaints into six categories: “Loan modification, collection,foreclosure” or problems when a person is unable to pay; “Loan servicing, payments, escrow account” or problems with making a payment; “Application, originator, mortgage broker”; “Credit decision / Underwriting”; “Settlement process and costs”, and “Other”. The CFPB says the complaint types indicate consumers “appear to be driven by a desire to seek agreement with their companies on foreclosure alternatives. The complaints indicate that consumer confusion persists around the process and requirements for obtaining loan modifications and refinancing, especially regarding document submission timeframes, payment trial periods, allocation of payments, treatment of income in eligibility calculations, and credit bureau reporting during the evaluation period.” Currently, 59.6% of all complaints against lenders deal with being unable to pay. 25.1% deal with problems in making a payment. 7.0% have to do with the application process.

Of the complaint-heavy zip codes, for 48382 in Commerce Township, Michigan, 98.9% of all complaints have to deal with being unable to pay. Accounting for 23.4% of all mortgage complaints in Commerce Township, 132 of the complaints for being unable to pay were made regarding Bank of America, accounting for 97.8% or all but 3 complaints against them from the zip. 121 of the Bank of America responses in Commerce Township were closed with explanation and 12 were closed with non-monetary relief. 33071 in Coral Springs is different, with 537 of the 553 complaints being categorized under other. Only 11 complaints relate to foreclosure and issues with being able to pay. 92626 in Costa Mesa, where 32% of the mortgage complaints were about Bank of America and 26.4% were about Wells Fargo, had 93.6% of its complaints dealing with being unable to pay. 5 total complaints dealt with payment issues and 3 dealt with applications.

Beyond regional variance in complaint types lodged, the top five mortgage lenders by volume of complaints all had being unable to pay as their top complaint category, ranging between 55.8% for Citibank and 69.4% for Bank of America. Problems with payment accounted for the second largest area of complaints, with Ocwen having the largest percentage of complaints at 31.9% and Bank of America having the smallest at 18.8%. Foreclosure was the top area of complaints for a number of other lending institutions including 1st Alliance Lending, OneWest Bank, Ally Bank, Banco Popular de Puerto Rico, Bank of the West, BMO Harris, BOK Financial Corp, Caliber Home Loans, Inc, Capital One, Deutsche Bank and EverBank.

Nationally, complaints reached a high of 5,840 for January 2013, 1,107 more than the next highest month of April 2013. The total emerging for September is the second lowest since records were first kept in December 2011. On a state by state level, this pattern largely repeats with a major exception for Florida which saw a peak of 849 complaints in June 2012. Then, as now, Florida was one of the top five states in the nation in its foreclosure rate. The national January spike came as the Qualified Mortgage standard required by the The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 came into play. It required mortgage lenders to take steps to insure borrowers could repay their mortgages.

Bank of America’s complaint volume follows the national trend, with a spike in January 2013 with 1,925 total complaints. Unlike nationally, the next month by volume of complaints was February of this year with 1,598 complaints. Prior to that, the highest month was May 2012 with 1,418 complaints. The lowest volume of complaints is September this year with 334.

Wells Fargo matched national trends for volume of complaints by month, with the exception of the current month being the lowest on record for number of complaints with 197 compared to the next lowest month, December 2011, when they had 221. JPMorgan’s complaint volume by month spiked in January and March of this year with 504 complaints. April of this year was the next highest month with 493 complaints, edging out May of last year with 488 complaints. September this year is on track to be the lowest month by complaint volume.

The federal government shutdown is unlikely to impact the current mortgage situation in the United States directly for most consumers, though mortgage processing by the Federal Housing Administration could be slower, resulting in fewer mortgages processed.

Thursday, April 8, 2010

The United States air-carrier Spirit Airlines announced Tuesday that it will begin charging up to US$45 in fees for carry on baggage. The fees target baggage which is stowed in overhead bins, and not under seats. The fees will take effect for travelers who fly on or after August 1.

Spirit will charge US$45 for passengers who pay at the airport, US$30 for those who pay in advance, and US$20 for members of its frequent flyer program. Spirit already charges between US$15–45 for the first checked bag, and up to US$345 for five checked bags.

The move is the latest in an industry trend which is moving to lower upfront fares, and more hidden fees such as baggage fees or the loss of free services such as meals. Even the measure of charging passengers for restroom use as has been proposed by Irish carrier Ryanair. Ryanair also closed all of its check-in desks in 2009, relying more on on-line check ins.

There has been a push among US lawmakers to introduce legislation to make the pricing of airfare more upfront by listing the post ticket fees. The backer of a proposed bill to enforce this, Senator Bob Menendez of New Jersey, said that it will allow travelers to understand all the charges from when they book the flight to when they check their bag.

Saturday, April 4, 2009

The Republican Party of Alaska is requesting United States Senator Mark Begich, Democrat, to resign to pave way for a new election. This request is based on the U.S. Justice Department withdrawing charges against former Senator Ted Stevens.

Stevens was originally convicted in October just before the November election. He lost the election to Begich by a narrow margin. Given that the U.S. Justice Department has dropped charges that had affected the outcome of the election, they may have re-elected Steven if it was done before the election.

According to Party Chairman Randy Ruedrich, Begich won over Stevens only because “a few thousand Alaskans thought that Senator Stevens was guilty of seven felonies.” Alaska Governor Sarah Palin, through her SarahPAC spokeswoman, agreed.

Begich indicated that he would not step down as he felt that Alaskans wanted a change and a senator that is “independent as Alaska.”

“Today, with our country in a severe recession, it’s more important than ever that we have a senator focused on fixing our economy so Alaskans have the jobs they need to support their families,” Begich also stated.

The other U.S. Senator from Alaska, Republican Lisa Murkowski, stated “In light of the good news yesterday, I am sure many of us wish we could turn the clock back to last November. Unfortunately, that is not an option.”

The US Department of Justice has asked for corruption charges against former Senator Ted Stevens to be dropped because evidence was withheld from the defense team by the original prosecutors. The Justice Department has stated that it will not retry Stevens.

In a statement, US Attorney General Eric Holder said, “After careful review, I have concluded that certain information should have been provided to the defense for use at trial. In light of this conclusion, and in consideration of the totality of the circumstances of this particular case, I have determined that it is in the interest of justice to dismiss the indictment and not proceed with a new trial.”

Stevens was convicted in October on seven felony counts of lying on senate disclosure forms about gifts, largely in the form of free renovations to his home, received from an oil service company; his conviction is thought to have been a large factor in his November electoral defeat to former Anchorage mayor Mark Begich, the current junior Senator from Alaska. Stevens immediately appealed his conviction and has maintained his innocence.

Stevens, 85, spent the six weeks leading up to the election on trial in Washington and lost just days after being convicted.

Begich’s victory was a coup for Democrats in Alaska. It also was a victory for Democrats in the Senate, who, with Begich’s win, landed 58 of the 60 votes they need to have a filibuster-proof majority.

Begich received 151,767 votes (47.77%) to Stevens’ 147,814 (46.52%). The winning margin was 3,953 votes (1.24%). Three other candidates were in the race: Bob Bird of the Alaskan Independence Party (13,197; 4.15%), Ted Gianoutsos (independent) (1,385; 0.44%) and Fredrick D. Haas of the Libertarian Party (2483 0.78%)

Sunday, March 21, 2010

25-year-old man David Striegl was knocked unconscious by a kangaroo on the Mount Ainslie nature reserve in the Australian capital Canberra on Thursday. He received cuts and bruises and a black eye after being scratched and hit by the kangaroo. Mount Ainslie is located near the centre of the Australian capital, with Australia’s parliament houses designed to be viewed from the top of the mountain.

He does not remember much about the incident, only that he turned around and saw the kangaroo which hit him in the face. He said that the kangaroo scratched him at first then guessed that it must have hit him which caused him to lose consciousness. He was taken to hospital by a motorist who was passing by. At the hospital he was given x-rays and a tetanus shot before being discharged.

Striegl had been jogging up the mountain during his lunch break. Joggers and cyclists are common on the mountain, which is located a few kilometres from the city centre. He was a former Australian rules footballer, and says he had never been in a fight, until being hit by the kangaroo. He had seen kangaroos box each other before but didn’t know they would box people. He said he would not have thrown a punch back if he had the chance because of their status as a national symbol, and he has no hard feelings against kangaroos. His colleagues at the United Group Ltd. real estate office where he works have given him the nickname Skippy, after the famous television show. He said he will continue jogging at the reserve, but with company next time.

Injuries from kangaroos in Australia are rare, and it is almost unheard of for someone to be knocked out by one. This attack comes a year after a kangaroo crashed through a window of a house in Canberra before rampaging through the house.

June 28, 2005

The Democratic Party held a public committee, aired on C-SPAN 3, at which former civilian employees based in or administering operations in Iraq, testified to specific instances of waste, fraud, and other abuses and irregularities by Halliburton and its subsidiary Kellogg, Brown and Root (KBR).

Allegations of fraud by Halliburton, specifically with regard to its operations in Iraq, have persisted since before the Iraq War. The associations between U.S. Vice President Dick Cheney and Halliburton, have been the basis for repeated speculation over possible political improprieties and business profiteering from the war.

Among the senators and representatives present at the hearing were Byron Dorgan (presiding), Henry Waxman, Frank Lautenberg, and Mark Dayton.

Among those testifying were Bunny Greenhouse, former Chief Contracting Officer of the U.S. Army Corps of Engineers, Rory Mayberry, former Food Program Manager for Halliburton subsidiary, and Allan Waller, of the Lloyd-Owen International security and operations firm.

Greenhouse, who provided the bulk of testimony, spoke for several minutes about her involvement in the evaluation and crafting of government Army contracts, and how explaining how superiors undermined and dismissed her concerns of illegal business practices. “Ultimately my main concern was the repeated insistence that the Rio contract be awarded to KBR without competitive bidding,” Greenhouse said. She testified to have been given misinformation in answer to her complaints, and being “overtly misled” by KBR managers.

Mayberry, still in Iraq, testified by video from questions prepared by the committee. He said that KBR routinely sold expired food rations to the Army. The interviewer asked, “Are you saying that Halliburton deliberately falsified the number of meals they prepared and then submitted false claims for reimbursement and that they did this to make up for past amounts auditors had disallowed?” Mayberry firmly answered “Yes.” He said that serving expired food ration was “an everyday occurrence, sometimes every meal.” He explained that Halliburton systematically overcharged for the number of meals as well, saying, “they were charging for 20,000 meals and they were only serving 10,000 meals.” Dorgan later commented, “obviously there’s no honor here, by a company that would serve outdated food to our troops in Iraq.”

Mayberry also claimed would-be whistleblowers were threatened “to be sent to Falluja” and other “places under fire” if they talked to media or governmental oversight officials. In 2003 and 2004, Falluja had been well known as dangerous for foreign troops and civilians. “I personally was sent to Falluja for three weeks. The manager told me that I was being sent away until the auditors were gone, because I had talked to the auditors,” Mayberry said.

“The threat of being sent to a camp under fire was their way of keeping us quiet. The employees who talked to auditors were sent to camps under more fire than other camps, and Anaconda.” This report led Dorgan and others to voice considerable outrage that U.S. citizens would be personally threatened with harm for talking to oversight officials or media.

Allan Waller testified to specific examples of how KBR officials had conspired in blocking Lloyd-Owen fuel transports, and using other coercive means against its competitor. The British Lloyd-Owen has a direct contract with the Iraq government to provide fuel to various parts of the country.

In his introductory remarks, Dorgan explained that Senate Republicans had blocked or ignored any requests by Democrats to have a formal bipartisan hearing, resulting in the need for an independent committee.

Thursday, February 24, 2005

A paste containing synthetic tooth enamel can seal small cavities without drilling. Kazue Yamagishi and colleagues at the FAP Dental Institute in Tokyo say that the paste can repair small cavities in 15 minutes.

Currently, fillers don’t stick to such small cavities so dentists must drill bigger holes. Hydroxyapatite crystals, of which natural enamel is made, bond with teeth to repair tiny areas of damage.

Yamagishi and colleagues have tested their paste on a lower premolar tooth that showed early signs of decay. They found that the synthetic enamel merged with the natural enamel. The synthetic enamel also appears to make teeth stronger which will improve resistance to future decay. As with drilling, however, there is still the potential for pain: The paste is strongly acidic to encourage crystal growth and causes inflammation if it touches the gums.

The paste is reported in the journal Nature.