by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople-TodayWoman Files For Divorce After Seeing This PhotoPeople-Today Tags: NULL whatsapp KCS-content Sunday 19 September 2010 10:27 pm whatsapp Share Japan boat row tensions flare as China halts talks More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Show Comments ▼ CHINA yesterday suspended high-level exchanges with Japan and promised tough countermeasures after a Japanese court extended the detention of a Chinese captain whose trawler collided with two Japanese coastguard ships.The spat between Asia’s two largest economies has flared since Japan arrested the captain, accusing him of deliberately striking a patrol ship and obstructing public officers near uninhabited islets in the East China Sea claimed by both sides.“China demands that Japan immediately release the captain without any pre-conditions,” a foreign ministry spokesman said.China has suspended ministerial and provincial-level bilateral exchanges with Japan, halted talks on increasing flights between the two countries and postponed a meeting about coal with Japan, the report said. The latest feud over the uninhabited isles – called the Diaoyu islands in China and the Senkaku islands in Japan – has stirred mutual distrust over sovereignty and control of potentially valuable oil and gas reserves.The Nikkei business daily reported that Japan may start drilling near a gas field in disputed waters of the East China Sea if China does the same.
THE US Federal Reserve has reported its earnings jumped by more than 50 per cent to a record $80.9bn (£52bn) on its massive holdings of securities in 2010 and it will turn the bulk of it over to the US Treasury.The $78.4bn the Fed is remitting is also a record, and is $31bn more than a year earlier. In 2009 the Fed had net income of $53.4bn.The Fed’s portfolio has ballooned to $2.16trn, roughly triple its size before the financial crisis, as it purchased securities including US government debt and mortgage-linked bonds in a move to drive down borrowing costs and stimulate the economy.“The increase was due primarily to increased interest income earned on securities holdings during 2010,” the US central bank said in releasing preliminary unaudited results. Audited results will be issued in the spring and may show some changes, Fed officials indicated.After driving overnight interest rates close to zero per cent in December 2008, the Fed bought $1.7trn of longer-term Treasury and mortgage-related bonds as a supplement to its pledge to keep overnight rates near zero for a long time.It followed that up late last year with a new $600bn bond-buying programme, again intended to spur growth by pumping liquidity into the economy. That programme ends mid-year.The Fed turns over profits to the Treasury annually and has never posted a loss. Monday 10 January 2011 3:01 pm alison.lock whatsapp whatsapp Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ Tags: NULL Fed turns record profits over to US Treasury by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition
Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this. If you’re looking for a New Year’s resolution to make 2020 a great year for you and your family, you could hardly do better than getting your investing plans sorted out. Here are three of the best resolutions for 2020.Resolution 1: I will do my due diligenceToo many investors lose money because they don’t do enough research.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…You wouldn’t buy a car without going to see it first, looking under the bonnet to see the state of the engine, checking its fuel consumption against its rivals, or even asking whether the price you’ll pay is in line with its true market value.And yet some investors will buy shares sight unseen. Some will buy shares based on tip-offs from anonymous rampers on bulletin boards, without checking whether a business is making profits, how much debt it has, what the company’s plans for expansion are or any of the other useful markers that can give you a reasonable expectation that the share price or dividends will increase.Some will even make their next buying decision based solely on a flashy double-digit dividend or a cheap-looking price-to-earnings ratio.Resolution 2: I will make a plan and stick to itThe real portfolio killers are the decisions you take on a whim. Randomly buying shares in a gold or silver miner you’ve never heard of because some bloke on Facebook shows you a chart that the share price is up 20% in a week just won’t do. Sadly, it’s all too common.The key to getting the benefits you desire is to take a little time to figure out exactly what you want in the first place. From this structure, you can see clearly how you are going to invest.Grab a pen and paper (yes, I am advocating writing it out longhand as it’s too easy to get distracted if you use your phone) and answer these questions.Am I going to be a value investor? That is, will I buy solid FTSE 100 companies that I believe in long term, but whose share price happens to be depressed in the short term, so I can pick up the shares relatively cheaply?Am I looking to buy FTSE 100 companies with strong dividends that I can use to help fund my living expenses (now or in the future)? Or am I mainly looking for growth? Am I a buy-and-hold investor, or do I want a quicker turnover in my portfolio?Do I want to buy FTSE 250 or AIM-listed companies, those whose dividends may be relatively small and may only pay enough to cover my trading costs, but whose share price might double over the next five years?Resolution 3: I will admit I’m not always rightThe ‘sunk cost fallacy’ is a major problem for many of us. Once you’ve researched a share, dug into its financials, seen its future potential and competitive advantage, and pulled the trigger, you become irrevocably emotionally attached to it.I know this to my detriment. I loved the Sirius Minerals story, so why didn’t the market agree with me? I carried on averaging down month after month, throwing good money after bad, until my investment was worth next to nothing. Don’t be like me. Admit when you’ve got it wrong, get out and use your hard-earned cash for a better investment. Image source: Getty Images See all posts by Tom Rodgers I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” 3 New Year’s resolutions to make you a better investor I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Tom Rodgers | Monday, 30th December, 2019
Forget Royal Dutch Shell! I’d rather buy other FTSE 100 dividend stocks Royston Wild | Monday, 6th April, 2020 | More on: RDSB Shares in Royal Dutch Shell (LSE: RDSB) recently rose to one-month highs as the oil price fightback continued.Confidence in crude values received a shot in the arm following comments from President Trump last week. He suggested then that a deal between Saudi Arabia and Russia to curb production again was around the corner. The Brent benchmark climbed back above $30 per barrel as hopes grew.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Deal in dire straitsIt didn’t take long for the rally to run out of steam, however, and energy values were sliding again on Monday. Why? The OPEC+ meeting scheduled for today was booted back to Thursday, 9 April, as lawmakers in Riyadh and Moscow blamed each other for the failure to seal a new production agreement last month.It’s possible that a deal could still be forthcoming, of course. The political and economic considerations mean that you probably shouldn’t bet the mortgage on one emerging, however. As the boffins over at ING note:“It is going to be difficult for producers to agree on cuts, particularly in the region of 10 to 15 million metric barrels a day. Anything less than this would likely disappoint the market.” The bank’s analysts added that the US would probably have to pledge to cut its own output to bring the Russians on board. And this is a scenario that’s described as being “a tough ask.”Brent to hit single digits?Some are arguing, too, that the outlook for oil prices is quite grim irrespective of whether a new OPEC+ accord is hammered out.According to a note from Fitch Solutions, Brent prices could slump to single-digit lows. Aside from the threat of oversupply, the market also faces sinking demand owing to the coronavirus pandemic. The ratings agency predicts that a surplus of 20m barrels a day could emerge that would “overwhelm global logistics chains.”Share investors should be prepared for a possible fall in oil values and the prices of associated stocks like Shell, then. Lower energy prices today means a knock-on effect for ‘Big Oil’ investment and thus production further down the line. And this means giving shares like Shell a wide berth in spite of their mighty dividend yields.Shell smashedIn recent days, Royal Dutch Shell has also revised down its oil price forecasts for 2020. As a consequence, it said that it expects post-tax impairment charges of a whopping $400m to $800m for the first quarter. It’s clearly possible that more meaty writedowns could be laying in wait for the current three-month period.The near-term earnings outlook for Shell is quite muddy, then. It’s quite worrying over a longer time horizon, too, given the massive investment that non-OPEC nations have made in their oil industries in recent years. I don’t care about its 10.7% dividend yield for 2020, then. I’d rather load up on other FTSE 100 dividend stocks. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Getty Images. “This Stock Could Be Like Buying Amazon in 1997” Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares See all posts by Royston Wild
Is it too late to get in on rotation? Tej Kohli | Monday, 7th December, 2020 | More on: BATS BOO ULVR AMZN Click here to claim your free copy of this special investing report now! Enter Your Email Address Image source: Getty Images See all posts by Tej Kohli Our 6 ‘Best Buys Now’ Shares Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Tej Kohli owns shares in Amazon. The Motley Fool UK has recommended boohoo group and Unilever. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.Tej Kohli is the founder of the philanthropic Tej Kohli Foundation whose ‘Rebuilding You’ philosophy supports the development of scientific and technological solutions to major global health challenges, whilst also making direct interventions to rebuild individuals and communities around the world. Tej Kohli is also an investor who backs growth-stage artificial intelligence and robotics ventures through the Kohli Ventures investment vehicle. Research by Visual Capitalist recently revealed that typical IPO first-year returns in the USA during 2019 were -4.6% for ‘technology’ stocks, compared to an average IPO return for ‘consumer staples’ of 103%. $21.9bn was raised by technology sector IPOs compared to just $1.1bn for consumer staples. This reflects the strength of investor appetite for growth stocks, which continued unabated in 2020 and drove technology stocks to all-time highs.Some have theorised that high return on invested capital companies stay high return on invested capital companies, and do not diminish over the long term. Certainly, that has been true for the more established technology stocks such as Amazon, but many of the ‘newbie’ tech stocks are yet to prove themselves. And as the old adage goes, what goes up must eventually come down, resulting in the rotation that we have seen during the last month.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Rotation is the counter movement of investor capital from one equity sector into another. Typically, it is a rotation between growth and value stocks. In the UK, this has seen investors taking their profits from frothy technology stocks with astronomical price-to-earnings ratios predicated on as-yet-unproven future growth, and investing in under-loved ‘traditional’ dividend-paying stocks, whose yield have become more attractive as their prices have steadily fallen in 2020.The price of these stocks has been surging in the UK in recent weeks, but that does not mean that it is too late to take a long position in value stocks. Many are growing from record low prices and, even after recent appreciation, are still looking cheap. And let’s not forget that despite the optimism of a Covid-19 vaccine, Brexit could still put a spanner in the works and reveal that the recent appreciation of value stocks was prematurely optimistic.For relative safety, plus yield and opportunity for long-term price growth, I like FTSE 100 stalwart British American Tobacco (LSE: BATS). With a current price of 2,733p, the forward-looking yield for the next year is just over 8%, and the stock remains much nearer to its 52-week low than its pre-crisis high despite the green shoots of some recent price appreciation. I predict a 50% appreciation to its pre-crisis levels in 2021, with the potential investment returns compounded further if you reinvest the 8% annual yield.I’m also bullish on another FTSE 100 stalwart in the form of Unilever (LSE: ULVR). Relatively speaking, the price has been stable during 2020 and, at 4,310p, is not far from its 52-week high of 4,944p. The Covid-19 pandemic has proven how defensive FMCG and consumer staples have remained, and Unilever’s stable of brands and entrenched position across so many segments in so many markets leads me to believe that investors will flock back into Unilever as consumer staples start to look like a safe haven, with a reliable dividend yield of c.3%.The third stock I’ll highlight today is Boohoo Group (LSE: BOO). The company has been marred by PR disasters during 2020 but has recovered its poise well and, at 309p, remains healthily buoyant from its 52-week low of 133p whilst still short of its high of 433p. Of course, Boohoo has the profile of a growth stock rather than a value one and pays no dividend. But the underlying business model is not rocket science. Boohoo has been stealing the lunch of its ‘value’ bricks-and-mortar competitors for a long time already, and with the collapse of Arcadia Group and Debenhams, it is well positioned to capture a greater share of wallet.Boohoo also has a good track record for acquiring the distressed brands of collapsing companies and giving them new life online, and it would not be a surprise to see Boohoo pick up and reinvent some Arcadia Group brands. The company has an unfortunate tendency to attract bad publicity, but the underlying business continues to offer attractive long-term prospects, albeit with no dividend currently paid. It’s a growth stock that I predict will also become a good value stock once dividends start to be paid.So even though rotation has started to put some buoyancy back into the market for value stocks, do not be disheartened if you have not already taken some long-term value positions. It is not too late. There remains a lot of risk in the market from Brexit and the unknown economic fallout from Covid-19, so the prudence of being cautious is smart. It is certainly not too late to ‘get in’ on rotation with these very attractive UK value picks. Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. 5 Stocks For Trying To Build Wealth After 50 I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.
New director to head Neighborhood Services Department Linkedin Kyla Wilcher Parade of Lights brings early Christmas cheer Kyla Wilcherhttps://www.tcu360.com/author/kyla-wilcher/ Facebook Grains to grocery: One bread maker brings together farmers and artisans at locally-sourced store Kirk MundenMunden retired in 2014 as executive assistant police chief in Houston after serving the Houston police department for 33 years. + posts ReddIt Fort Worth’s Heritage Tree Program adds two more ReddIt Anne KirkpatrickKirkpatrick is currently a senior instructor in the FBI Law Enforcement Executive Leadership Development Program in Seattle. She has served as chief deputy of King County, Wash., and police chief of three cities in Washington. Kyla Wilcherhttps://www.tcu360.com/author/kyla-wilcher/ printFort Worth has six finalists vying to be the city’s next police chief – two are internal candidates.The public will be able to meet the candidates Sept. 10 at a community forum from 7-9 p.m. at the Bob Bolen Public Safety Complex, 501 W. Felix St.“We are very pleased with the group of finalists and look forward to the process next week,” City Manager David Cooke said in a press release. He added that all candidates bring different experiences and backgrounds into consideration.“All of the candidates have experience working in large urban police departments,” he said.Cooke has said transparency and inclusiveness are important in the selection process. In addition to the community forum, people can submit questions by calling 817-392-8085 or emailing [email protected] Questions can also be submitted for the community forum through mySidewalk.com.The city has been without a chief since early January 2015, when Jeffrey Halstead officially retired from the department. Halstead served as chief for six years.The candidates are:Kenneth DeanDean has served on the Fort Worth police department since 1992. In his current position as assistant police chief, he commands over 1000 personnel and manages a budget of over $106 million.Abdul PridgenPridgen currently serves as assistant chief over finance and personnel for the Fort Worth police department. He has been with the department since 1992, and currently oversees 174 employees and a $270 million budget.Jose BanalesBanales has served in the San Antonio police department for 32 years, and is currently the department’s assistant police chief.Joel FitzgeraldFitzgerald is currently police chief in Allentown, Pa., a city of 119,000 people. He has served in the Philadelphia police department for 17 years. Twitter Abortion access threatened as restrictive bills make their way through Texas Legislature Linkedin Kyla Wilcherhttps://www.tcu360.com/author/kyla-wilcher/ Twitter Kyla Wilcherhttps://www.tcu360.com/author/kyla-wilcher/ Fort Worth set to elect first new mayor in 10 years Saturday Fort Worth’s Heritage Tree Program adds two more Previous articleTCU players to watchNext articleTCU leads Minnesota 10-3 at the half Kyla Wilcher RELATED ARTICLESMORE FROM AUTHOR Facebook
Earnings Reports Freddie Mac Profits 2015-05-04 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Freddie Mac to Announce Q1 Financial Results Tuesday, May 5 Data Provider Black Knight to Acquire Top of Mind 2 days ago May 4, 2015 1,349 Views The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Freddie Mac will be reporting its financial results for the first quarter of 2015 on Tuesday, May 5, according to an announcement from the GSE.The results will be announced before the U.S. financial markets open via a conference call at 9 a.m. Eastern time on Tuesday, May 5. The call will be webcast and can be accessed by clicking here.A replay of the webcast, and all other information related to the conference call or Freddie Mac’s Q1 results, can be accessed by clicking on the Enterprise’s investor relations page.Freddie Mac reported a net income of $227 million for the fourth quarter of 2014, a decline of $1.9 billion from the third quarter. The GSE attributed the drop in net income to derivative losses, which totaled $3.4 billion for the quarter driven by declining interest rates.For the full year of 2014, Freddie Mac reported a net income of $7.7 billion, down from $48.7 billion in 2013. Securities settlements and an accounting charge that were not present in 2014 boosted the 2013 income. Despite the substantial decline in net income, 2014 was the third straight year of profitability for Freddie Mac.CEO Donald Layton said that 2014 “marked another year of solid financial and operating performance” which allowed the GSE to return $20 billion to taxpayers. About $900 million was sent to Treasury, however, according to the terms of a 2012 amendment to the 2008 bailout agreement. The 2012 amendment that required GSE profits to be swept into Treasury while Freddie Mac and Fannie Mae remain in conservatorship of the FHFA has been a contentious issue among politicians and stakeholders in the housing market.Freddie Mac’s total payback as of December 31, 2014, is $91.8 billion, about $20 billion more than the GSE needed in the 2008 bailout. Tagged with: Earnings Reports Freddie Mac Profits Share Save Previous: AACER: Bankruptcy Filings Continue April Decline; Total Has Fallen 47 Percent Since Peak Next: Training Tips: How (and Why) to Evaluate a New Vendor’s Internal Training Program Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Freddie Mac to Announce Q1 Financial Results Tuesday, May 5 Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe
Message* Next round of stimulusSenate Majority Leader Mitch McConnell blocked a proposal for $2,000 stimulus checks in December, leading to the passage of a relief package that instead sent $600 checks to Americans. Schumer, who will take McConnell’s place, has indicated that he will make $2,000 checks a priority.Some New York officials are confident that having one of their own lead the Senate will benefit the state. Gov. Andrew Cuomo said Wednesday that a Democratic-controlled government would lead to a more favorable federal stimulus, as well as a reversal of moves by congressional Republicans that damaged New York.“They have been unethical. They have been political,” he said during a press conference Thursday. “They have taken money out of this state and sent it to the Republican states as a pure political exercise.”According to federal lobbying groups, a Democrat-controlled Congress, with Biden’s support, would favor a means-tested approach to rent relief, in the form of rental vouchers. The industry has been supportive of such an approach — which is seen as a welcome measure to stabilize the rental market — unlike proposals to cancel rent.Federal eviction moratoriumThe temporary federal limits on evictions stem from a September Centers for Disease Control rule allowing some renters to use financial distress as a defense against eviction. The rule is set to expire Jan. 31, but with both houses of Congress controlled by the Democrats, a new relief package could limit evictions even more.Such a proposal was floated in October when the House of Representatives passed a $2.2 trillion relief package which would have halted evictions for 12 months — exceeding even the five-month ban in place in New York.That measure would have not only given renters a defense against evictions, but prevented landlords from filing any evictions for non-payment. The bill would have also given delinquent borrowers automatic forbearance. It included $50 billion in emergency rental assistance, twice the amount which was eventually approved by the Republican-controlled Senate.Any resurrection of a longer eviction ban would still need to muster 60 votes in order to avoid a Republican filibuster.Contact Georgia Kromrei Message* Full Name* Email Address* Share via Shortlink Full Name* Sen. Charles Schumer and President-elect Joe Biden (Getty)When Joe Biden won the 2020 election, there was a significant hurdle between the president-elect and some real estate reforms he wanted: a Republican Senate.That changed Wednesday when two Democrats won Senate seats in Georgia. Biden’s proposals have a better chance of making it to the floor with Democrats holding half of Senate seats, Kamala Harris poised to cast tie-breaking votes as vice president and Sen. Charles Schumer, D-New York, as majority leader.To be sure, such tenuous control hardly guarantees that Biden’s campaign priorities will become a reality. Democrats need at least 60 votes to overcome a filibuster, meaning they need to win over at least 10 Republicans — a virtual impossibility for anything controversial or remotely partisan, such as eviction bans or dismantling the 2017 tax law.But a workaround known as reconciliation enables Senate passage of some taxation and spending measures with a simple majority. Republicans used it to pass the 2017 reform, as well as tax cuts in 2001 and 2003. Democrats used it for some elements of Obamacare.So the real estate industry is closely watching a number of policies and tax breaks that Biden highlighted during his campaign or pitched as a response to the pandemic. They include:Tax deductions and ratesThe Tax Cuts and Jobs Act of 2017 capped deductions of state and local taxes at $10,000, ostensibly raising the cost of living and home ownership in high-tax states such as New York, California and New Jersey. Last year, House Democrats passed a bill that would have increased the cap to $20,000, but the Senate ignored it. Such a measure would have an easier time with the Senate led by Schumer, who opposes the cap, as do many blue-state Democrats.Biden has said that he wants to increase high earners’ taxes on payroll, capital gains and income. He has also proposed increasing the corporate tax rate to 28 percent from 21 percent, after Republicans lowered it from 35 percent in 2017. While that would cost some real estate businesses more, it could benefit affordable housing developers.An increase in the corporate tax rate could make Low-Income Housing Tax Credits more attractive. Corporate investors who buy the credits receive a reduction on federal income taxes for 10 years, so the credits are worth more when there are more taxes to offset. When tax rates go down, the credits lose value. That affects how a project pencils out.Hudson Companies’ Aaron Koffman said he was in the middle of negotiating loan terms with a bank on an affordable housing project just before the 2017 tax law passed. The possibility of the corporate tax rate being decreased shaped the debt terms because many expected the tax credits to become less valuable. He said an increase of the corporate tax rate could help reverse that.“It is going to bring the price per dollar of tax credits up,” he said. “It’s a game-changing win to increase corporate taxes.”As part of the latest federal stimulus package, Congress divorced the program’s rate from interest rates, instead setting a floor of 4 percent. The change was considered a major win for affordable housing developers.1031 exchangesDuring his campaign, Biden announced a plan to eliminate 1031 exchanges for taxpayers with annual incomes that exceed $400,000.The widely-used tax benefit has been on the books for 100 years. A 1031 exchange allows real estate investors to defer capital-gains taxes when they sell properties, if they use the proceeds to make new investments, typically within a few months. Keep doing that, and taxes can be perpetually deferred. One wealth adviser called that “swap ’til you drop,” and estimated that $100 billion a year in property sales can be attributed to 1031 exchanges.The benefit is popular with retirees, but with Democrats in control of both houses of Congress, its elimination for high earners may be on the horizon — a possibility that has federal real estate lobby groups concerned. Developer Francis Greenburger called 1031 exchanges “an extraordinarily important element in real estate investment.”“There will be enormous unintended consequences if they are allowed to go forward in the way he proposed,” said Greenburger, a longtime supporter of Democrats.Greenburger, who wrote to the Biden campaign after the former vice president announced his intention to limit the benefit, said that he and others in the business community recognize the need to raise taxes as the country grapples with a lengthy and expensive pandemic.“Anyone who is not blind and stupid knows we have a huge deficit,” said Greenburger. But altering the fundamental structure of the tax code is not the way to close it, he said.“Raise the rate,” Greenburger offered. “That doesn’t disrupt entire ways of doing business and entire areas of activity and investment.”Opportunity ZonesBiden has pledged to reform the Opportunity Zone program, which was included as part of the Republicans’ 2017 tax overhaul. Though President Donald Trump has touted the program as a boon to “neglected neighborhoods,” others have argued that it mostly benefits developers.States selected the 8,700 zones, which were then certified by the U.S. Department of the Treasury. Critics have called for a reconsideration of these zones — some of which include well-off neighborhoods — and for more transparency and reporting requirements to ensure they are actually helping poor people.“The problem with the Opportunity Zone legislation is that it was rushed through,” said Ronald Fieldstone, a partner at Saul Ewing Arnstein & Lehr who focuses on tax law, noting the lack of public disclosure required by the program. “There is no accountability.”In November 2019, Sen. Ron Wyden of Oregon introduced legislation that would ramp up reporting requirements and limit Opportunity Zones to low-income communities.Read moreThe nitty gritty on federal rent reliefLandlord groups slam lawmakers’ eviction moratorium pushLast-minute reprieve stops city’s tax lien sale Contact Kathryn Brenzel Email Address* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Tags1031 exchangesJoe BidenOpportunity ZonesPolitics
Dosidicus gigas (the jumbo flying squid) supports a major fishery in the eastern Pacific Ocean and exhibits large fluctuations in abundance from year to year. The commercial fishery consists of a multinational jigging fleet and the emission of light from these vessels can be observed using satellite-derived imagery obtained by the United States Defence Meteorological Satellite Program-Operational Linescan System (DMSP-OLS). Fishery abundance and fleet distribution were examined in Peruvian waters during years of intermediate (1994), La Niña (1996), and El Niño (1997) conditions, and compared with catch data from other parts of the species range (to the north and south of Peru). Squid catches off Peru were highest under intermediate conditions, with lower catch levels recorded during periods of cool or warm temperature anomalies. The fishery was distributed between 3° and 16°S in both coastal and high seas waters, over depths of greater than 1000 m. Unusually cool or warm conditions may cause a reduction in the abundance of squid off the coast of Peru, with catches increasing in other parts of the species range, notably off the coast of Central America (close to the Costa Rica Dome) and in the Gulf of California, Mexico. Squid fishing took place in waters with sea surface temperatures (SSTs) between 17 and 22 °C, but SST was not directly associated with fleet distribution. It is likely that variability in upwelling strength and the occurrence of cool core mesoscale oceanographic features are important in influencing the distribution of D. gigas in Peruvian waters.