Archive for the ‘Real Estate’ Category

Bank of England governor warns housing market is biggest threat to UK economy

Sunday, May 18, 2014

The governor of the Bank of England, Mark Carney, has warned that the state of the housing market in the United Kingdom is the current biggest domestic threat to the country’s economy, due to lack of house building, and regulatory issues.

In an interview to be aired on Sky News today, he said the housing market is the “biggest risk” to the economy and has “deep, deep structural problems”. Of house building he said: “There are not sufficient houses built in the UK. To go back to Canada, there are half as many people in Canada as in the UK, twice as many houses are built every year in Canada as in the UK and we can’t influence that.”

“We’re not going to build a single house at the Bank of England. We can’t influence that. What we can influence […] is whether the banks are strong enough. Do they have enough capital against risk in the housing market?”

Carney also said the Bank of England would look into the procedures used to issue loans and mortgages to see if they were being granted appropriately: “We’d be concerned if there was a rapid increase in high loan-to-value mortgages across the banks. We’ve seen that creeping up and it’s something we’re watching closely.”

Kris Hopkins responded to Carney on behalf of the government, saying the government “inherited a broken housing market, but our efforts to fix it are working”. “We’ve scrapped the failed top-down planning system, built over 170,000 affordable homes and released more surplus brownfield sites for new housing. We’ve also helped homebuyers get on the housing ladder, because if people can buy homes builders will build them. Housebuilding is now at its highest level since 2007 and climbing. Last year councils gave permission for almost 200,000 new homes under the locally-led planning system and more than 1,000 communities have swiftly taken up neighbourhood planning. It’s clear evidence the government’s long-term economic plan is working.”

Earlier this month, the Organisation for Economic Co-operation and Development called on the UK government to “tighten” access to the ‘Help to Buy’ scheme introduced by George Osborne and the coalition government in 2013. ‘Help to Buy’ has also recently been criticised by three former Chancellors of the Exchequer — the Conservatives Norman Lamont and Nigel Lawson, and former Labour Chancellor Alistair Darling. Darling said: “Unless supply can be increased substantially, we will exacerbate that situation with schemes like Help to Buy.”

Old deeds threaten Buffalo, NY hotel development

Buffalo, N.Y. Hotel Proposal Controversy
Recent Developments
  • “120 year-old documents threaten development on site of Buffalo, N.Y. hotel proposal” — Wikinews, November 21, 2006
  • “Proposal for Buffalo, N.Y. hotel reportedly dead: parcels for sale “by owner”” — Wikinews, November 16, 2006
  • “Contract to buy properties on site of Buffalo, N.Y. hotel proposal extended” — Wikinews, October 2, 2006
  • “Court date “as needed” for lawsuit against Buffalo, N.Y. hotel proposal” — Wikinews, August 14, 2006
  • “Preliminary hearing for lawsuit against Buffalo, N.Y. hotel proposal rescheduled” — Wikinews, July 26, 2006
  • “Elmwood Village Hotel proposal in Buffalo, N.Y. withdrawn” — Wikinews, July 13, 2006
  • “Preliminary hearing against Buffalo, N.Y. hotel proposal delayed” — Wikinews, June 2, 2006
Original Story
  • “Hotel development proposal could displace Buffalo, NY business owners” — Wikinews, February 17, 2006

Tuesday, November 21, 2006

Buffalo, New York — Buffalo, New York developers have been stymied by old real estate deeds.

The prospective Elmwood Village Hotel may be scuttled and businesses now located there may be forced to move.

Frustrations over property located in an area once known as “Granger Estates” circulate around a clause in the original deeds over land divided by then-owner Erastus Granger in the early 1800’s.

According to the documents, “no business establishment of any kind whatsoever” shall ever be constructed on the property, and they shall forever be exclusively for residential use only. Also prohibited are barns, farms and stables.

Sam Savarino, CEO of Savarino Companies, the prospective hotel developer, announced that his legal research team found the restrictions on properties located between 1109 and 1121 Elmwood Avenue which also stated in part that “no businesses, hospitality establishment of anykind whatsoever” shall ever be permitted to be built on the property.

Savarino, whom is expected to contest the restrictions, said that his company could have ignored the findings, but that, “we can’t risk the future of a multimillion-dollar project on the hope they wouldn’t be discovered. Our opponents would have had a field day if they’d surfaced after the fact.”

Savarino said his attorneys and researchers are anticipated to determine “exactly what weight the restrictions carry and if there’s a way for the courts to negate them.”

Existing businesses are also jeopardized.

Hans Mobius, owner of some of the restricted properties upon which a carriage house is built, said, he wasn’t aware of any restrictions, and “never had a reason to research the deed and title documents.” He confidently added that, “the lawyers can get this taken care of.”

Other threatened businesses include Don Apparel, H.O.D. Tattoo, Forest Plaza Art Gallery and Allentown Music.

==Sources==

This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
This article features first-hand journalism by Wikinews members. See the collaboration page for more details.

First Libertarian Party presidential nominee John Hospers dies at 93

Wednesday, June 15, 2011

John Hospers, the United States Libertarian Party’s first presidential nominee, died Sunday of natural causes at 93. 2008 Libertarian Party Vice Presidential nominee Wayne Allyn Root, who was a friend of Hospers, reported the death via his personal blog, and on Facebook, writing: “I have sad news to report … John Hospers has passed away. Because of our close friendship, I was asked to announce his death to his many Libertarian fans. John was a friend of individual liberty and freedom, and the first Libertarian Presidential candidate. He passed quietly away in his sleep without pain and suffering, of natural causes.”

He later added: “He was the sweetest man alive, and a very loyal friend of mine. He will be greatly missed by all. The Libertarian movement has lost a pioneer and hero.”

Hospers was a renowned scholar who served as Professor Emeritus of Philosophy at the University of Southern California. However, he was best known for his 1972 run for president with the newly created Libertarian Party. He appeared on the ballot in only Washington and Colorado and received a combined 8,715 votes, but won an electoral vote from the faithless elector Roger MacBride of Virginia. Hospers was the latest third party presidential candidate to receive such a vote.

In recent years, Hospers was active on Facebook. In his final post on Saturday, he thanked his friends after celebrating his 93rd birthday two days earlier.

Al Sharpton speaks out on race, rights and what bothers him about his critics

Monday, December 3, 2007

At Thanksgiving dinner David Shankbone told his white middle class family that he was to interview Reverend Al Sharpton that Saturday. The announcement caused an impassioned discussion about the civil rights leader’s work, the problems facing the black community and whether Sharpton helps or hurts his cause. Opinion was divided. “He’s an opportunist.” “He only stirs things up.” “Why do I always see his face when there’s a problem?”

Shankbone went to the National Action Network’s headquarters in Harlem with this Thanksgiving discussion to inform the conversation. Below is his interview with Al Sharpton on everything from Tawana Brawley, his purported feud with Barack Obama, criticism by influential African Americans such as Clarence Page, his experience running for President, to how he never expected he would see fifty (he is now 53). “People would say to me, ‘Now that I hear you, even if I disagree with you I don’t think you’re as bad as I thought,'” said Sharpton. “I would say, ‘Let me ask you a question: what was “bad as you thought”?’ And they couldn’t say. They don’t know why they think you’re bad, they just know you’re supposed to be bad because the right wing tells them you’re bad.”

Contents

  • 1 Sharpton’s beginnings in the movement
  • 2 James Brown: a father to Sharpton
  • 3 Criticism: Sharpton is always there
  • 4 Tawana Brawley to Megan Williams
  • 5 Sharpton and the African-American media
  • 6 Why the need for an Al Sharpton?
  • 7 Al Sharpton and Presidential Politics
  • 8 On Barack Obama
  • 9 The Iraq War
  • 10 Sharpton as a symbol
  • 11 Blacks and whites and talking about race
  • 12 Don Imus, Michael Richards and Dog The Bounty Hunter
  • 13 Sources

Day 1 report of Wikimania 2006

This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

Sunday, August 6, 2006

Wikimania 2006 is the second annual Wikimedia conference. Hosted by the Berkman Center for Internet and Society at the Harvard Law School campus in Cambridge, Massachusetts, it began August 4 and will run until August 6.

Wikimania began with a keynote presentation from Jimmy Wales, the founder of Wikipedia and the Wikimedia Foundation. Wales played a short portion of a clip from a recent episode of U.S. television program The Colbert Report discussing Wikipedia. In the clip, Colbert says that “any website that has a longer entry on truthiness than Lutheranism has got its priorities straight.” His keynote continued by re-emphasising Wikimedia’s mission, as stated by Wales in a Slashdot interview: “Imagine a world in which every single person on the planet is given free access to the sum of all human knowledge. That’s what we’re doing”.

Wales stated that Wikipedia is “not as good as Britannica — yet”. Additionally, he also stated that in the coming year, Wikipedia will be making “a turn towards quality”. “We have always had this goal, but we all know we’re not there yet – in the coming years one of the themes is going to be a turn towards quality.” said Wales.

He then introduced Brad Patrick, the general counsel and recently-appointed interim CEO of Wikimedia. Patrick said he found Wikimedia after reading Wales’ list Ten Things That Will Be Free on Lawrence Lessig‘s blog. After discovering the Wikimedia Foundation, Patrick emailed Wales about meeting for lunch. He had lunch with Wales a few months later and was hired as general counsel shortly after.

Wales went on to describe Wikia, the company he co-founded with Angela Beesley. He announced that Wikia has received venture capital, allowing them to hire full-time engineers to work on the MediaWiki software. He emphasized that Wikia, has “a total commitment to free knowledge and respect for communities.”

Later, Wales announced that the One Laptop Per Child project will be including Wikipedia as the first element in the content repository. He also announced that the board has approved Wikiversity as “a center for the creation and use of free learning materials and activities”. Wikiversity will “create and host a range of free-content multilingual learning materials for all age groups in all languages”. It will be launched soon with a three language, six month, beta trial period.

Wales described a project called Wikiwyg: a WYSIWYG editor for the wiki. Wikiwyg is an attempt to make the wiki easier to edit. “An intelligence test by making it hard to edit, just does not work,” noted Wales. While the release date is uncertain both Wikia and Socialtext are devoting full-time engineers to the project.

Wales emphasized the need to focus on quality. He also briefly discussed the commitment in the German Wikipedia to rolling out a stable version. He stated that if we do not have it rolled out by next year’s keynote “we are making a big mistake”.

Wales finished his keynote by giving an update on his Ten Things That Will Be Free and proposing “that the foundation seek funding to hire community coordinator and recruiters for important languages where we currently do poorly”.

This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
This article features first-hand journalism by Wikinews members. See the collaboration page for more details.

Other notable speakers included Ward Cunningham, Lawrence Lessig, Eben Moglen and many members of the Wikimedia communities.

The day wrapped up with a poster reception and a party celebrating Wikia’s 250,000 articles and Wikia’s founders Angela Beesley and Jimmy Wales birthdays.

Archived copies of many of the presentations are available on the Wikimania wiki.

Cyberattack, not HBO comedian, caused website wipeout, says FCC

Wednesday, May 10, 2017

Late Sunday night and Monday morning, the website of the United States Federal Communications Commission (FCC) became unresponsive, which interfered with attempts by the public to express their views on the proposals currently up for comment, including one about Net Neutrality. Although comedian John Oliver on his show Last Week Tonight had asked his viewers to inundate the website with comments supporting Net Neutrality, the FCC says a DDoS (distributed denial-of-service) cyberattack, not angry HBO fans, are responsible for their website’s issues.

FCC Chief Information Officer David Bray explained in a formal statement that FCC.gov’s problems did not come from a large volume of complaints and comments, which is what Oliver had asked his fans to make, but from sabotage. “These actors were not attempting to file comments themselves; rather they made it difficult for legitimate commenters to access and file with the FCC,” said Bray.

Net Neutrality is the idea that Internet providers should not be allowed to speed up or slow down access to certain websites, which would presumably be done for payment. In 2014, the U.S. government ruled Internet providers must be held to standards similar to those of telephone companies and changed their legal classification to fall under Title II of the 1934 Telecommunications Act, which gave the FCC the legal authority to order them not to give preferential treatment to high-paying customers.

In response to a previous Net Neutrality proposal in 2014, John Oliver did a segment on the fifth episode of Last Week Tonight explaining the difference between Title I and Title II status and asking his viewers to flood the FCC’s websites with comments supporting regulation. Approximately 4 million did so, and the website crashed. Sunday night, Oliver asked the public to repeat the performance, recommending comments to make and providing a single link to take them to the exact part of FCC.gov required: “America needs you to rise — or more accurately, remain seated in front of your computer screen — to this occasion,” said Oliver on the air. “So please, fly my pretties, fly once more!” Again, the FCC website soon suffered problems.

Despite Sunday night’s issues, the FCC still received tens of thousands of comments on the proposed relaxing of the 2014 regulations, which is up for a vote on May 18.

BMW announces 7.6% sales rise as US, China demand grows

Tuesday, August 9, 2011

Automobile manufacturing company BMW has announced that its sales increased by 7.6 per cent during the month of July. BMW reported that 129,094 units were sold during the month, consisting of the motor vehicle brands of BMW, Mini and Rolls-Royce Motor Cars.

In a statement, Ian Robertson, member of the Board of Management of BMW, told of the company reporting “the most successful July sales ever”, claiming that it is “well on [the] way to achieving our recently announced target of over 1.6 million vehicles in 2011, the best ever sales result for the BMW group”.

Demand increases were notable in the United States and China in particular. 21,409 vehicles were delivered by BMW in the United States in July, an increase of 11.7 per cent from July 2010. In China, 18,858 units were sold in the month, meaning a sales rise of 36.1 per cent on the same month last year, with the increased popularity being attributed to “substantial gains in many markets”, BMW said. Sales increases were also reported in South Korea, Russia, India and Brazil. BMW did admit to a decrease of sales by 0.8% in Germany, the country in which the company is based.

[BMW has had] the most successful July sales ever

As a brand, BMW sales stood at 108,721 for July, 7.1% more than July 2010. In the year to date, BMW delivered 962,468 vehicles, a 17.9 per cent rise. According to Agence France-Presse (AFP), developing markets have become the cause of the substantial popularity of high quality automobile manufacturers. However, growth in this area may decline later on in the year, due to the difficulties facing the global economy, AFP claims.

Meanwhile, General Motors stated on Friday that its China sales decreased by 1.8 per cent in July this year compared to the same month in 2010. This was due to a lowered demand for commercial vehicles, AFP reported.

Global markets surge in value

Monday, October 13, 2008

Markets worldwide have surged in value following efforts by governments to ease the effect of the ongoing financial crisis, which has recently caused a massive decline in the value of stock markets.

On Sunday, the fifteen countries from the Eurogroup – that is, those countries which use the euro as official currency – had agreed on a joint plan to face the crisis, which would consist in supporting financial institutions and by guaranteeing interbank loans.

The Eurogroup meeting was the last of many which took place during the weekend. The G7 nations had met in Washington at the same time that the International Monetary Fund and the World Bank held their Autumn meetings.

The Dow Jones Industrial Average index is one of the indexes that have done particularly well today, and it closed up 11.08%, well over 9,000 points. General Motors was the best performer in this index, with its value rising by 31.49%. The Nasdaq rose by 11.81%.

The FTSE 100 has today gone up in value by 8,26%, to take the index back over the four thousand mark. TUI Travel was the best performing company in this index. It went up by 41.25 points (21.48%), to take it to a new share price of 233.25. Some shares in the FTSE, however, have continued to fall dramatically. HBOS today dropped in value by 31.48%.

The Brazilian Bovespa index today went up by 14,66%, while the Hang Seng and Singapore Straits Times went up by 10.24% and 6.57% respectively.

Stocks exchanges in Tokyo, Buenos Aires and Toronto were closed due to national holidays.

22:00, Monday, October 13, 2008 (UTC)
9.387,61 936,42 11,08%
1.844,25 194,74 11.81%
228,14 23,30 11,37%
9.065,16 0,00 0.00%
22.095,90 2.190,62 11,01%
1.215,990 0.00 0,00%
40.829,13 5,219.63 14,66%
4.256,90 324,84 8,26%
5.062,45 518,14 11,40%
3.531,50 355,01 11,18%
5.956,32 609,10 11,39%
285,27 27,22 10,55%
2.324,80 201,36 9,48%
17.125,00 1.687,00 10,93%
9.955,70 958,00 10,65%
4.141,90 202,40 5,14%
8.276,43 0,00 0,00%
16.312,20 1.515,29 10,24%
2.073,57 73,00 3,65%

Eastern Conference wins 2008 NBA All-Star Game

Monday, February 18, 2008

Eastern Conference 134 128 Western Conference

The Eastern Conference defeated their Western Conference counterparts at the 2008 National Basketball Association All-Star Game held at New Orleans Arena in New Orleans, Louisiana on Sunday. The final score was 134-128.

The East took an early 11 point lead in the first 5 minutes, due to an injured Kobe Bryant only playing 2 minutes before sitting on the bench for the rest of the game. “There’s one player we really, really missed, and that was Kobe,” said West coach Byron Scott. The West later reduced the lead to 2 points, but at halftime, the East led 74-65.

The West trailed by 13 at the beginning of the fourth quarter, but rallied behind New Orleans point guard Chris Paul, who had seven assists in the final period. With 2:48 remaining, Brandon Roy scored a layup on an assist from Paul, giving the West a 122-119 lead, their biggest lead of the game.

The East then answered back with two three-pointers from Ray Allen, before Chris Paul tied the game with a three-pointer of his own. However, the East would then take the lead and the game with layups from Dwyane Wade and Allen, as well as a driving dunk from LeBron James. A Brandon Roy three-pointer put the game within three points with 8.7 seconds left, but 3 free throws from Ray Allen sealed the win for the East.

“The fourth quarter was crazy,” said Chris Paul. “We were down 13. We picked up the intensity. We took the lead a few times but Ray Allen was unbelievable the way he shot the ball. And that last dunk by LeBron, we had two people on him but that still wasn’t enough.”

With 27 points, 8 rebounds, and 9 assists, James was named the All-Star Game’s Most Valuable Player for the second time in his career. Some television commentators also considered Ray Allen a likely choice for the award, with 14 of his 28 points coming in the final 3 minutes of the game. “I think Ray Allen had a heck of a shooting night,” James said after being presented the award.

Contents

  • 1 Other All-Star events
    • 1.1 T-Mobile Rookie Challenge
    • 1.2 Haier Shooting Stars Competition
    • 1.3 Playstation Skills Challenge
    • 1.4 Foot Locker Three-Point Shootout
    • 1.5 Sprite Slam Dunk Contest
  • 2 Related news
  • 3 Sources

30 people die in bombing in northwestern Pakistan

Saturday, April 17, 2010

Two successive suicide bombings killed 30 people in a camp providing aid to displaced people in northwestern Pakistan, police officials stated. The two explosions hit the Kacha Pukha camp located near the city of Kohat. Nearly 50 people were wounded.

Al Jazeera‘s Kamal Hyder said from Islamabad that the bomber hit the camp when a food distribution programme was underway. “This was a point where registration was under way and food distribution was under way,” he said. “Most of the victims were the displaced people from the Orakzai agency where the military has launched an offensive recently, displacing a large number of people. The attack is said to have involved a suicide bomber and perhaps a remote-controlled device planted near that particular area,” he added.

“At least 27 people have died. There are 45 wounded. The toll may go up,” regional police chief Dilawar Khan Bangash told the Agence France-Presse news agency from the scene of the incident. “Both were suicide attacks. Body parts of the suicide bombers have been recovered. The blasts took place at the relief distribution point for internally displaced people.” Officials later confirmed that the death toll was 30.

It is not immediately clear who was responsible for the bombing.