Print This Post Home / Daily Dose / Are Homes More Affordable Than We Thought? Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Headlines, Journal, Market Studies, News The housing market is feeling the squeeze as high prices, low inventory, and high demand all butt up against each other, making it difficult for many potential homebuyers to find a house of their own (or at least one they can afford). But is affordability really so dire in the grand, historic scheme of things? Trulia recently did some research and discovers that, given the right context, homes might not be so unaffordable after all.In order to get a better sense of things, Trulia created an affordability score that compares the highest price the median household in a market can afford with median actual home prices in each year. The highest affordable price assumes a standard 20 percent down payment. If the affordability score is 100, that means the “affordable and actual prices are exactly the same,” so anything over 100 means housing is affordable; a score below 100 means it is not. As Trulia puts it, “an affordable market is one in which the median household income’s buying power meets or exceeds the median home price—even if prices are high, if household incomes are high enough to cover that price, then the market is considered affordable.Comparing current affordability scores to those of various past years, Trulia came to a surprising conclusion: nationally, homes are actually more affordable than is generally assumed. As Trulia reports, in 2016, the median household could afford a home 1.5 times more expensive than the median home price. In 1980, the median household could only afford about three-quarters of the median home price.Between 1980 and 2016, Trulia found that 22 metros had shifted from “unaffordable” status to “affordable.” Moreover, of the 100 largest metros, only Miami trended from affordability into unaffordability during that period.However, it isn’t all good news. During that same period from 1980 to 2016, incomes have grown by 27 percent (adjusted for inflation). Home prices, on the other hand? Those have grown a whopping 62 percent. Nevertheless, affordability has actually been on the rise over the past several decades, owing largely to the decrease in mortgage rates. In 1980, they were over 16 percent. In 2016? Under four percent.What does that mean in terms of dollars and cents? In 1981, Trulia found that the median home price was $136,156. However, the median income could only afford a home that cost $97,832. Trulia concluded that changes in mortgage rates had historically had a far larger impact on affordability than home prices did. If current mortgage rates were to hit their 1980 levels, “the median household would go from being able to afford a $312,653 home to a $144,805 home.” That’s a 54 percent decrease in affordability driven by only a ten percent increase in mortgage rates.You can read Trulia’s full affordability report by clicking here. Affordability Home Prices Interest rates Mortgage Rates Trulia Trulia Research 2018-03-07 David Wharton March 7, 2018 2,173 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe About Author: David Wharton Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Affordability Home Prices Interest rates Mortgage Rates Trulia Trulia Research Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago Are Homes More Affordable Than We Thought? Previous: Rental Vacancies Down, But Houston Rate Still Running High Next: Royal Bank of Scotland Settles for $500 Million Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago
Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $11.92 million or diluted earnings per share of $1.96 for the year ended December 31, 2008. This compares with net income of $10.86 million or diluted earnings per share of $1.76 from the previous year. Merchants earned $3.06 million or diluted earnings per share of $0.51 for the quarter ended December 31, 2008, compared to net income of $2.92 million or diluted earnings per share of $0.48 for the same quarter of the previous year. Merchants previously announced the declaration of a dividend of 28 cents per share, payable February 19, 2009, to shareholders of record as of February 5, 2009.The return on average assets was 0.93% for both 2008 and for the quarter ended December 31, 2008, compared to 0.96% for 2007 and 1.00% for the quarter ended December 31, 2007. The return on average equity was 15.83% for the year and 16.32% for the quarter ended December 31, 2008, compared to 15.37% for the year and 16.03% for the fourth quarter of 2007. 2008 was a strong year for us, with EPS up 11% compared to 2007, in spite of a very challenging economic climate, said Michael R. Tuttle, Merchants President and CEO. We experienced solid growth in both loans and deposits during the year. Merchants Bank presented a safe, stable, secure profile in contrast to the volatility evident in the daily headlines.Merchants net interest margin increased slightly to 3.58% for 2008, compared to 3.56% for 2007, and increased 37 basis points to 3.81% for the fourth quarter of 2008, compared to 3.44% for the fourth quarter of 2007. Merchants net interest income increased $5.44 million to $43.65 million for 2008 compared to 2007, a 14% increase, and increased $2.47 million to $12.10 million for the fourth quarter of 2008 compared to 2007, a 26% increase. Merchants net interest margin and net interest income were positively impacted during the fourth quarter by a $194 thousand prepayment penalty received on an investment security. This prepayment penalty benefited the margin for the fourth quarter by six basis points, and benefited the margin for 2008 by one basis point. The increased net interest income is a result of an overall higher earning asset base and a higher net interest rate spread for 2008, when compared to 2007. Merchants average earning assets for 2008 were $1.22 billion at an average yield of 5.63%, compared to $1.08 billion at an average yield of 6.01% for 2007. Average loans for 2008 were $781.65 million, a $68.53 million, or 10%, increase over 2007 average loans, and average investments were $428.20 million, a $102.34 million, or 31%, increase over 2007 averages. Average interest bearing liabilities increased to $1.07 billion at an average interest cost of 2.33% for 2008, compared to $931.59 million at an average cost of 2.83% for 2007.Loans ended 2008 at $847.13 million, a $115.62 million, or 16%, increase over 2007 ending balances. Quarterly average loans were $825.40 million for the fourth quarter of 2008, a $94.71 million increase over the fourth quarter of last year. Merchants experienced strong growth across all loan categories during 2008; year-end 2008 commercial loans were 39% higher than year end 2007, residential real estate loans were 11% higher and commercial real estate balances were 17% higher. We continue to find opportunities with solid, longstanding, creditworthy businesses throughout Vermont. We have also experienced a 32% increase in home mortgage originations for 2008 compared to 2007; this is a direct result of the fact that we have not originated home mortgages for sale for more than ten years. Our customers like having their mortgages held and serviced right here in Vermont, commented Tuttle.Merchants investment portfolio increased to $431.61 million at December 31, 2008 from $365.59 million at December 31, 2007, an 18% increase. Investments purchased during the last year have consisted exclusively of government agency mortgage-backed securities. With the exception of one AA-rated security, all securities in Merchants investment portfolio were either Agency guaranteed or rated AAA at December 31, 2008. Merchants wrote the AA-rated security down to its estimated fair value during the fourth quarter of 2008 and recorded a pre-tax other than temporary impairment charge of $369 thousand.Deposits ended 2008 at $930.80 million, a $63.36, or 7% increase over 2007 ending balances. Quarterly average deposits were $946.53 million, a $72.13 million, or 8%, increase over the fourth quarter of last year. Time deposits were the fastest growing category of deposits during 2008, increasing 16% during 2008 to $385.12 million from $332.77 million at year end 2007. Time deposits represented 41% of Merchants total deposits at December 31, 2008, compared to 38% of total deposits at December 31, 2007.Merchants recorded a $600 thousand provision for credit losses during the fourth quarter of 2008 and $1.53 million year to-date, compared to a $300 thousand provision for credit losses during the fourth quarter of 2007, and $1.15 million for 2007. The increase in the provision for 2008 was primarily a result of strong loan growth during 2008, as well as increased nonperforming loans and net charge-offs during the year. Nonperforming loans ended the year at $11.64 million, compared to $9.23 million at December 31, 2007. Nonaccruing loan totals at December 31, 2008 were flat compared to September 30 of this year, as reductions, and transfers to Other Real Estate Owned ( OREO ), of existing accounts totaling approximately $1.7 million were matched by equal amounts of additions during the quarter. Tuttle commented, We continue to make good progress on reducing existing non-accrual loans, but expect to see some of this offset by additions in the current economic environment. At December 31, 2008, the allowance for loan losses was $8.89 million, 1.05% of total loans and 76% of non-performing loans, compared to the December 31, 2007 balance of $8.00 million, 1.09% of total loans and 87% of non-performing loans. Net charge-offs for 2008 totaled $564 thousand, compared to net charge-offs of $81 thousand for 2007. One loan accounted for almost all of the charge-offs during 2008, this loan was fully reserved at the end of 2007. Merchants had $803 thousand in OREO at December 31, 2008, and $475 thousand at December 31, 2007. Nonperforming assets as a percentage of total assets were 0.93% at December 31, 2008, compared to 0.83% at December 31, 2007.Merchants noninterest income decreased by $686 thousand to $8.66 million for 2008 compared to 2007 and by $805 thousand to $1.82 million for the fourth quarter of 2008 compared to the same period in 2007. As mentioned previously, Merchants recorded a $369 thousand other than temporary impairment charge related to one of its investment securities during the fourth quarter. Additionally, Merchants sold an investment in a limited partnership during the fourth quarter of last year and recognized a reduction in equity in losses of real estate limited partnerships of approximately $260 thousand. Excluding all security transactions and the gain just mentioned, noninterest income decreased by $176 thousand to $2.19 million for the fourth quarter of 2008 compared to 2007, and by $236 thousand to $8.95 million year to date. Trust company income has suffered in the current difficult market conditions, decreasing by $110 thousand for the fourth quarter of this year compared to last, and by $126 thousand year to date.Total noninterest expense increased $1.10 million to $9.24 million for the fourth quarter of 2008 compared to 2007, and $2.81 million to $35.10 million year to date. Salaries and employee benefits increased $899 thousand to $4.88 million for the fourth quarter of this year compared to 2007, and $1.97 million to $17.60 million year to date. This increase is primarily a result of additional staff that we have hired in the corporate banking, executive and trust areas during 2008, as well as increases in health insurance costs.Merchants also announced the extension, through January 2010, of its stock buyback program, originally adopted in January 2007. Under the program Merchants may repurchase 200,000 shares of its common stock on the open market from time to time, and had purchased 143,475 shares through December 31, 2008. Although Merchants did not repurchase any of its shares during the fourth quarter of 2008, and does not expect to repurchase shares in the near future, Merchants wanted to preserve the flexibility of an active buyback program.Mr. Michael Tuttle, Merchants President and Chief Executive Officer; and Ms. Janet Spitler, Merchants Chief Financial Officer, will host a conference call to discuss these earnings results at 9:30 a.m. Eastern Time on Friday, January 30, 2009. Interested parties may participate in the conference call by dialing (888) 423-3273; the title of the call is Earnings Release Conference Call for Merchants Bancshares, Inc. Participants are asked to call a few minutes prior to register. A replay will be available until noon on Friday, February 6, 2009. The U.S. replay dial-in telephone number is (800) 475-6701. The international replay telephone number is (320) 365-3844. The replay access code for both replay telephone numbers is 967736.The continuing mission of Merchants Bank is to provide Vermonters with a statewide community bank that blends a strong technology platform with a genuine appreciation for local markets. Merchants Bank fulfills this commitment through a branch-based system that includes 34 community bank offices and 42 ATMs throughout Vermont, Personal Bankers dedicated to top-quality customer service and streamlined solutions, including: Personal Checking and Savings with Free Checking for Life®, Cash Rewards Checking, a low-cost Money Market Account, Free Online Banking and Bill Pay, Overdraft Coverage, Direct Deposit, Free Debit Card, and Free Automated Phone Banking; Business Banking with Rewards Checking for Business, Business Online Banking and Bill Pay, Business Lines of Credit and Merchant Card Processing; Small Business Loans; Health Savings Accounts; Credit Cards; Flexible Certificates of Deposit; Vehicle Loans; Home Equity Credit; and Home Mortgages. Visit mbvt.com for more information. Merchants stock is traded on the NASDAQ National Market system under the symbol MBVT. Member FDIC. Equal Housing Lender.Some of the statements contained in this press release constitute forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements reflect Merchants current views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause Merchants actual results to differ significantly from those expressed in any forward-looking statement. Forward-looking statements should not be relied on since they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond Merchants control and which could materially affect actual results. The factors that could cause actual results to differ materially from current expectations include changes in general economic conditions in Vermont, changes in interest rates, changes in competitive product and pricing pressures among financial institutions within Merchants markets, and changes in the financial condition of Merchants borrowers. The forward-looking statements contained herein represent Merchants judgment as of the date of this report, and Merchants cautions readers not to place undue reliance on such statements. For further information, please refer to Merchants reports filed with the Securities and Exchange Commission.
By Kay Valle/Diálogo May 04, 2018 In early January 2018, a Honduran naval cadet entered the Vice Admiral César Augusto De Windt Lavandier Naval Academy in Santo Domingo, Dominican Republic. Cadet Darwin José Pinto Osorto will study at the Dominican Naval Academy until 2021. His enrollment is part of an educational exchange both countries agreed to. The objective is to strengthen cooperation and increase interoperability of the naval forces. The exchange also reflects the trust between both countries and bolsters the bond of friendship of future military officers. “The benefits are wide ranging,” Navy Commander Alexander Carvajal Bocanegra, commandant of the Honduran Naval Academy, told Diálogo. “They begin with education, knowledge of other cultures, and friendship among colleagues who will be able to coordinate the naval forces’ affairs in the future.” The Honduran Navy received a female Dominican Navy cadet for the first time. Midshipman Nikaury Yaribel Nuñez de Oleo began her military academic training in January 2015 at the Honduran Naval Academy located in La Ceiba, a port city in the northern coast of Honduras. When she graduates in 2018, Midshipman Nuñez will be the first Dominican woman with a degree in Naval Sciences from the Honduran Naval Academy. Lasting cooperation The exchange of Honduran and Dominican cadets dates back to 1988, when the two countries signed the educational agreement. In 1989, the first Honduran cadet traveled to Santo Domingo to begin his studies at the Dominican Naval Academy. “Honduras didn’t have a naval academy until 2000,” said Cmdr. Carvajal. “The goal was to start having officers with naval training at the beginning of their studies.” Today, military academy exchanges between the two countries are regulated by the Central American Armed Forces Conference (CFAC, in Spanish), which was created in 1997 and comprises Guatemala, El Salvador, Nicaragua, Honduras, and the Dominican Republic. Together, partner nations not only analyze and combat shared threats, but also work on training their troops and future officers. High standards “The opportunities we can enjoy are numerous,” Midshipman Nuñez told Diálogo. “Although this career isn’t easy, it is very rewarding for me to know that, through my profession, I can make my loved ones proud and motivate others who want a military career.” After completing competitive examinations and evaluations to study abroad, the selected grant recipients are sent to a CFAC naval school chosen by the organization. Every year, an average of 30 navy cadets participate in the scholastic exchange between CFAC member countries. Hundreds of cadets from Central America benefited from the program since its inception. “A few colleagues were sent to other countries,” said Midshipman Nuñez. “[I am] pleased that Honduras has a naval academy that, despite being relatively new, has instructors and officers who graduated abroad, and those in charge hold the education to high standards.” The navy cadets’ program consists of theoretical training in the morning made up of general classes, classes specific to navy and military issues, and sciences. In the afternoon, cadets carry out physical education geared toward military training and sports activities. “From 07:00 to 12:00, they receive academic instruction, fostering a spirit of self-sacrifice in the exercise of their work,” said Cmdr. Carvajal. “From 18:30 to 21:00, cadets have mandatory study time to reinforce the topics they learned about during the day.” The future officers will graduate with a degree in Naval Sciences with the rank of ensign. During their studies, they will develop skills and abilities to become competent in the navigation of surface units to be able to carry out operational functions during missions for their respective naval forces. For Midshipman Nuñez, the experience with her classmates from the Honduran school was enjoyable. “Over the years, we learned to work and struggle as a team in a wide range of activities,” she said. “Also, I’m from an island, and I like the sea. Being in the Navy is the best way for me to do everything I like.” Cadet Pinto also appreciates the opportunity and hopes to be able to serve his homeland one day. “It’s a great experience to share with my foreign colleagues, who have been a great help since I entered the school,” Cadet Pinto said. “I’m achieving a goal that I’ve had since childhood, and I’m very happy to represent my country, Honduras, in our sister nation, the Dominican Republic.”
ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » Waves of cybercriminals infiltrating networks and stealing sensitive information is a perennial problem. But implementing the Foundational CIS Controls to strengthen your organization’s security posture can keep you ahead of the risk and prevent minor security leaks from becoming a flood.The Center for Internet Security (CIS) Controls is a cybersecurity framework developed by a public-private partnership between CIS, the SANS Institute, the Department of Defense and the National Security Administration to help organizations of all types and sizes prioritize their cybersecurity.So, whether your organization employs veteran IT staff or uses outsourced cybersecurity and IT experts, these controls can guide IT strategy and decision making in all circumstances.Implementing the Foundational CIS ControlsA recommended set of actions for cyber defense, the CIS Controls provide a concise, FFIEC-recommended framework that organizations can use to safeguard operating systems, software and networks. CIS Controls deliver an actionable and affordable way to defend against common attacks.
The year in which it celebrates the 70th anniversary of its artistic activity, the Ensemble of Folk Dances and Songs of Croatia LADO is preparing the program “Let the sun shine on everyone where there is still our family”, fully dedicated to songs and dances of Croats abroad. An opportunity to show our guests our cultural and historical heritage. Inform your guests about LADO or better yet, as a host in family accommodation take them to a celebratory concert and be proud of our tradition, history and heritage. Zadar – wake up, it is quality and authentic content that tourists want to see and experience. It is a story we must tell our tourism. Photo: LADO The celebratory concert will be held in Zadar on April 26, 2019 at the Arsenal Zadar. Find out more about the concert HERE “During their turbulent past, especially in the period between the 15th and 17th centuries, Croats from the territory of today’s Republic of Croatia and Bosnia and Herzegovina due to military activities sought refuge outside their homeland, inhabiting areas where they have remained to this day. Through all these centuries, separated from the motherland, they have preserved their identity and their traditional culture. Therefore, the Ensemble of Croatian Folk Dances and Songs LADO dedicates its seventieth birthday to them.”, Says the artistic director of the LADO Ensemble Andrija Ivančan and points out that the very name of the program calls on all peoples in the countries inhabited by Croats to love, peace, tolerance, respect and building bridges between peoples and their cultures. Lado are the guardians of our tradition, heritage and customs, and by their actions they take care that they do not disappear into oblivion. For more than seven decades, Lado has been performing on stages all over the world, and with over 5.000 performances in Croatia and 48 countries around the world, he tells the story of our customs and identity, the story of Croats. Lado certainly deserves the title of ambassador of Croatian tourism. LADO has a holdings with more than 1.200 sets of folk costumes of exceptional value and beauty, some of which are over 100 years old, so we can freely call it a traveling museum that is extremely valuable and important for preserving and nurturing our identity, culture and customs. I keep emphasizing how we should be and sell what we are – Croats. That is the very essence of tourism. Tourists want to hear, see and taste our history, our culture, our way of life.
99 Rosecliffe St, Dutton Park.“We have raised our three children here and the house has seen us entertain on many occasions, often with up to 150 guests,” Ms Malone said. DETAILS 99 Rosecliffe St, Dutton Park.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus19 hours ago“The house sits high and at an angle on the block that provides a beautiful view across to the University of Queensland and also an extensive view up the reach of the river towards Fairfield/Yeronga,” Ms Malone said. “It’s not your typical straight-across river view and that was breathtaking on our first inspection. It is still what guests find most breathtaking when they first enter the house.” 99 Rosecliffe St, Dutton Park.Open-plan family living was very important so there are multiple zones which are adaptable, according to the needs of a growing family.“We did not want the house to be a big, modern, cold house which you often see, and I think we achieved that with the mix of natural finishes and the connection with the outdoors,” Ms Malone said. “It’s almost like you can reach out and touch the river when you’re in the house.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 9:10Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -9:10 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p270p270p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenPrestige property with Elizabeth Tilley09:10 MILLION DOLLAR LISTING SELLS IN A WEEK Features retained from the original dwelling include a beautiful terrazzo floor and ornate plaster ceilings. A storage area was transformed into a 1000-bottle, climate-controlled wine cellar. 99 Rosecliffe St, Dutton ParkThe Malones wanted the three-level design to be contemporary and warm, using a mix of elements including timber, bluestone, concrete and glass. 99 Rosecliffe St, Dutton Park.There is something special about living within 3kms of the CBD on the Brisbane River, yet feeling like you’re tucked away from the world at a private retreat.This has been the way of life for the Malone family since 2004, when they purchased their 1694sq m waterfront property at Dutton Park.“The location was what drew us to the property initially,” Kristine Malone said.“We had returned home from London and had lived previously in Dutton Park and Highgate Hill and loved the area.” 99 Rosecliffe St, Dutton Park.It was the perfect opportunity for the family to build their “dream home” on the spectacular riverfront site.“I recall the river aspect was of course the critical element in us deciding to purchase the property initially; that and the size of the block which is quite large for riverfront,” Ms Malone said. INTERSTATE BUYERS DROP $4M PLUS ON PENTHOUSE An extensive renovation in 2009 was designed to improve the relationship between the water and residence.
“Thefindings of the technical team will be presented to the Commission and releasedto the public accordingly,” said Devanadera. “The ERChas no participation, in any manner, in the said (Nov. 14) press conference,”stressed Devanadera. UGLY AND HAZARDOUS. If this is not a fire hazard, what is? Though these electricity, telephone and cable television cables look more like ugly spider’s cobwebs, residents of this neighborhood in Barangay Baldoza, La Paz, Iloilo City call them “spaghetti wires”. IAN PAUL CORDERO/PN Lescano was oneof the founders of the Iloilo City public utilities group where PECO is also amember. According to thePLDT executive, “It is clear among engineers and utility companies that thesaid fires originated from PECO’s electrical wires, but since our lines andcables are closely attached to their secondary lines, they get burned in theprocess.” ERC has completed its field inspection and data gathering on theseries of pole fire incidents in this city. As defense to thecomplaint of Mayor Jerry Treñas to the ERC about the pole fires, PECOclaimed that between 2017 to 2019 the Bureau of Fire Protection (BFP) recorded709 post fires and that only 138 of these involved its own poles while 571involved those of telcos. PLDT’s messengerwires are without voltage, made of steel and serve as tension to their copperand fiber cables and connected to the ground for lightning protection, Lescanostressed. The other day,ERC slammed PECO for making it appear that theagency was part of a recent press conference that the franchise-less powerdistributor held in Metro Manila. But Lescano saidonly PLDT’s copper cable has voltage but very minimal – 24 volts if idle andpeaks at 49 volts only if in use. PECO has notrained technical people to solve the problem, BFP reported to the ERC. “It’s just like avolt of a battery which can never cause fire of the magnitude responded to bythe BFP when they were called to address pole fires incidents,” saidLescano. Lescano agreedwith Iloilo City fire marshal Chief Inspector Christopher Regencia’sexplanation that only electricity wires, either damaged or overloaded, couldactually cause fires. More than half or1,464 cases out of 2,887 incidents of fire in Iloilo City since January 2014were caused by pole fires, according to BFP- Iloilo City. “Maybe Cacho, whois not an engineer, has no knowledge at all. Or is he just using us asscapegoat?” asked Lescano. In recent mediainterviews, Marcelo Cacho, head of PECO’s Public Engagement and GovernmentAffairs, said PLDT’s messenger wires also have high voltage. “It’s alie. It is not correct to say that the more than 500 posts are ours. Wehave very few wooden poles compared to theirs,” said Lescano who previouslyserved as PLDT Iloilo manager. ERC remains independent in thedischarge of its functions, including the conduct of investigations, stressedChairperson Agnes Devanadera. Criticizing the press conference,Devanadera stressed, “Prematurereporting of the outcome of our investigation is but a product of speculationthat serves no purpose, except to confuse the public.”/PN ILOILO City –Aside from courting the ire of the Energy Regulatory Commission (ERC), PanayElectric Co. (PECO) has also angered telecommunications giant Philippine LongDistance Telephone Co. (PLDT) for attributing incidents of pole fires in thiscity to telephone companies. “I really feelbad about this. PECO is making these claims but it has never told us about thisupfront everytime we meet with other utility companies,” said Lescano. PLDT vicepresident for Visayas Rene Lescano clarified they only have 2,000 poles inIloilo City and of these, only 800 are wooden compared to PECO’s 30,000 poles. He also insistedthat it was not the poles that started the fires but the electrical wires ofPECO.
England Golf’s first innovation conference, #MoreThanGolf, is a sell out among golf industry representatives who aim to plan for a bright future. The conference, at Villa Park next Tuesday, will showcase new ideas and innovative ways to develop the game. There will be a special focus on how golf clubs can grow by becoming hubs for their communities. It has attracted delegates from across the spectrum, including golf club representatives, PGA professionals, industry governing bodies and commercial golf organisations ranging from businesses involved in golf marketing to multi-course operators. Iain Lancaster, England Golf’s Club Engagement Manager, said: “This is the first time we’ve organised anything like this and the response has been fantastic. “It’s clear that there’s a huge appetite for new ideas and ways to create stronger businesses by reaching out to new markets.” A range of speakers will inspire clubs to try fresh approaches and to learn more about the contribution golf can make to public health and social good. Topics will also include new and shorter formats of the game and the European Tour’s Fredrik Lindgren will talk about the impact of Super Sixes while Pam Painter of British Speedgolf will provide a case study. The keynote speakers are Svend Elkjaer, who works with England Golf on the #MoreThanGolf innovation project, and Maria Nolan, general manager of Hollingbury Park and Waterhall Golf Clubs in Sussex. Svend is the director of Sports Marketing Network, a consultancy and information provider which works to develop vibrant, visible and viable community sport. He will highlight the benefits of golf clubs working for and with communities and will explain the simple steps they can take to broaden their scope and enjoy the benefits. Maria will share tips and advice on the initiatives which helped Hollingbury Park Golf Course to win the category for Strongest Community Engagement at the recent 2017 England Golf Awards. Among the other speakers are Nick Pink, the England Golf Chief Executive, and representatives of UK Active and Oxygen Trampoline Parks. A range of case studies will also be presented. 7 Jun 2017 #MoreThanGolf conference is a sell out
The players: Suffolk’s Fiona Edmond will return to international action after an absence of 25 years when she represents England in the European senior women’s team championship. Fiona returns to international action Julie Brown (Trentham, Staffordshire) won the 2015 British senior championship and was runner-up last year. She won the English senior title in 2014 and has represented England every year since then. Lulu Housman (Wyke Green, Middlesex) won the English senior stroke play title in 2015 and went on to join Brown in the team which won European gold. She was a semi-finalist in this year’s senior amateur and tied 11th in the strokeplay. The team is composed of the top four players from the senior order of merit and two selectors’ picks. The automatic places were taken by Brown, Greenfield, Foster and Housman. 2 Aug 2017 Fiona returns to international action Caroline Berry (Bromborough, Cheshire) is a past English senior champion and reached the semi-finals of this year’s event, having been top qualifier. She was 16th in the stroke play championship. Aileen Greenfield (Pyecombe, Sussex) is playing only her second full season of senior golf and has been runner-up three times, most recently in the senior amateur championship in May. The championship will be played from 5-9 September in Slovakia. England’s recent record in this event is excellent, winning the gold medal in 2014, silver in 2015 and bronze last year. Fiona Edmond (Ipswich, Suffolk) was an England and GB&I international before illness, children and work put a stop to her golf. She dusted off her clubs about three years ago and won the English senior title at her first attempt in May. (Image copyright Leaderboard Photography). Jackie Foster (Bishops Stortford, Hertfordshire) has won back-to-back English senior stroke play titles. She was a quarter finalist in the senior amateur championship. Caroline Berry (Bromborough, Cheshire) is a past English senior champion and reached the semi-finals of this year’s event, having been top qualifier. She was 16th in the stroke play championship. Aileen Greenfield (Pyecombe, Sussex) is playing only her second full season of senior golf and has been runner-up three times, most recently in the senior amateur championship in May. The English senior women’s champion will be joined in the team by English senior stroke play champion Jackie Foster, Caroline Berry, Julie Brown, Aileen Greenfield and Lulu Housman. The championship will be played from 5-9 September in Slovakia. England’s recent record in this event is excellent, winning the gold medal in 2014, silver in 2015 and bronze last year. Julie Brown (Trentham, Staffordshire) won the 2015 British senior championship and was runner-up last year. She won the English senior title in 2014 and has represented England every year since then. The players: Fiona Edmond (Ipswich, Suffolk) was an England and GB&I international before illness, children and work put a stop to her golf. She dusted off her clubs about three years ago and won the English senior title at her first attempt in May. She will be joined in the team by English senior stroke play champion Jackie Foster, Caroline Berry, Julie Brown, Aileen Greenfield, and Lulu Housman. Jackie Foster (Bishops Stortford, Hertfordshire) has won back-to-back English senior stroke play titles. She was a quarter finalist in the senior amateur championship. Senior women’s champion Fiona Edmond will return to international action after an absence of 25 years when she represents England in the European women’s team championship. The team is composed of the top four players from the senior order of merit and two selectors’ picks. The automatic places were taken by Brown, Greenfield, Foster and Housman. Lulu Housman (Wyke Green, Middlesex) won the English senior stroke play title in 2015 and went on to join Brown in the team which won European gold. She was a semi-finalist in this year’s senior amateur and tied 11th in the strokeplay.
Facebook38Tweet0Pin0Submitted by South Puget Sound Community CollegeSPSCC cut the ribbon at the newly renovated Lacey Campus Building 3. The space brings closer two Professional Technical programs: the design-focused Advanced Manufacturing on floor one and the build-focused Architecture, Engineering, and Construction (AEC) Technology on floor two.Both the spaces and curriculum were designed collaboratively with input from industry, advisory councils, faculty, and student graduates. “By having the programs co-located, it’s easier for students to see what happens on the other side of their curriculum,” said Dean of Natural & Applied Sciences Bryan Powell. “Advanced Manufacturing students receive some design training but can now participate in courses with in-depth focus on designing something to build. And AEC students will be able to see tangible results from models created on a computer.”“Our Professional Technical programs are always designed collaboratively to ensure our students graduate with current industry standards,” said Dean of Applied Technology Kathy Hoover. “Our goal is employment in their field of study.” Additionally, the programs support SPSCC’s initiative to serve working adults and to connect to Joint Base Lewis – McChord.Speakers at the ceremony included state Sen. Sam Hunt, chair of the SPSCC board of trustees, Doug Mah, SPSCC president Dr. Timothy Stokes, and Dean of Applied Technology Kathy Hoover.Building 3 represents that second renovation on the Lacey Campus since it was purchased. Building 2, home of the Lacey Veterans Services Hub, will be renovated in the coming year.Also recognized at the ribbon cutting were the businesses from industry that joined forces to create the AEC Technology Endowed Scholarship through the SPSCC Foundation.Scholarship – FoundersAHBL Engineers, BCE Engineers, Betschart Electric Co., Exodus Engineering, FORMA Construction, Hensel Phelps, Hoffman Construction, Kaufman Construction, Kc2 Services, KMB Architects, Korsmo ConstructionScholarships SupportersChristensen Inc. General Contractor, Hargis Engineers, Pease Construction, Ronald Harpel Construct, Inc., Sargent Engineers, SCJ Alliance, Veach Consulting Engineers