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Saturday, August 12, 2006

The United Nations Security Council has unanimously approved Resolution 1701 calling for a “full cessation of hostilities” in the Israeli-Lebanon war and for international and Lebanese troops to replace Israeli troops in south Lebanon.

The UN decree comes on the heels of an Israeli government decision to expand its offensive in Lebanon. Sources say that Israeli prime minister Ehud Olmert will bring the UN resolution to cabinet for discussion on Sunday. Daniel Ayalon, Israel’s ambassador to the United States, said that his government was likely to agree to the resolution.

“I do not want to preempt the Cabinet decision, but the language as I see it now — and I’m being careful — if the language of the resolution doesn’t change, I view this resolution very positively and, of course, the crux is implementation,” Ayalon said. “If this resolution will be enforced, then we solve the problem of Lebanon,” said the Israeli envoy.

Hezbollah officials have not responded to the UN action. The Lebanese cabinet meets Saturday to discuss the resolution.

Lebanese leaders have cautiously welcomed the resolution which had been delayed for almost a week due to negotiations over its wording. U.N. Ambassador Nouhad Mahmoud of Lebanon said; “The Lebanese are not comfortable with the Israeli distinctions of what is defensive and what is offensive.”

The resolution calls for Hezbollah to end its attacks on Israel and for Israel to end “offensive military operations” in Lebanon. It also raises the strength of the UN peacekeepers in Lebanon, the United Nations Interim Force (Unifil), from 2,000 to a maximum of 15,000, and gives it an expanded mandate to enforce the ceasefire. A portion of the UN language expanding that force’s Chapter 6 mandate reads: “Acting in support of a request from the government of Lebanon to deploy an international force to assist it to exercise its authority throughout the territory, authorizes Unifil to take all necessary action in areas of deployment of its forces and as it deems within its capabilities, to ensure that its area of operations is not utilized for hostile activities of any kind… “

The U.S. Secretary of State, Condoleezza Rice, responding on Friday during an interview with CNN’s Wolf Blitzer to the difference between a UN Chapter 7 mandate, and the current mandate for Unifil in Lebanon said:

So this force has a big mandate, it has a robust mandate, it has a mandate that will allow it to defend itself and to defend that mandate. But it’s never been the expectation that this force is going to disarm Hezbollah. That will have to be done by the Lebanese……Chapter 7 is very often used when a government is not prepared to accept a force. Lebanon is prepared to accept this force, but this is an absolutely robust mandate. This, by the way, is what helped the Israeli government. They were concerned earlier about the mandate. After we talked about this enhanced mandate in the revised resolution, I think the government of Israel saw that it met their needs.

Israel is to withdraw its troops from southern Lebanon as UN and Lebanese troops are deployed. The resolution outlines plans for the disarmament of Hezbollah and for a settlement of the Israeli-Lebanese border.

The UN also called for the unconditional release by Hezbollah of two Israeli soldiers it captured on July 12th, precipitating the conflict.

123 Israelis, including 40 civilians, and 861 Lebanese, mostly civilians, have been killed in the 31-day old war.

Saturday, April 16, 2005

A Paris fire in a hotel killed 22 people, 10 of whom were children, while injuring 53 — 11 seriously. The hotel was an overcrowded, budget accommodation type of housing. Most of the inhabitants were African, many housed by social services, according to an Associated Press report.

The 32 room, six-story Paris Opera hotel, was made to house 61 guests, but 90 were staying at the time of the fire, with 84 of them placed by city or state social services.

The fire is thought to have started in the breakfast room at 2:20 am Friday, local time.

Along with the Africans, who were mostly refugees, others wounded included French, Senegalese, Portuguese, Americans, Ukrainians, and Tunisians, according to a report from Turkish Zaman.com. The hotel is situated near to La Galerie Lafayette, Printemps shopping center, and Paris Opera.

It took nearly 250 fire-fighters to control the fire, and the number of casualties was high because of the single exit.

“It’s hard in that kind of situation to tell people to calm down. They jumped. People on the first floor threw their children out the windows,” Alfred Millot, head of the fire service at the nearby upmarket Galeries Lafayette department store, told Agence France-Presse.

“With our own equipment, we started fighting the fire from the ground floor. I came running and people were already jumping through the windows,” said Millot.

His store warehouse was used as a temporary morgue. Families were counselled and assisted in re-uniting by the Red Cross.

Thursday, October 3, 2013

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Sunday, August 21, 2005

A robotic system at Stanford Medical Center was used to perform a laparoscopic gastric bypass surgery successfully with a theoretically similar rate of complications to that seen in standard operations. However, as there were only 10 people in the experimental group (and another 10 in the control group), this is not a statistically significant sample.

If this surgical procedure is as successful in large-scale studies, it may lead the way for the use of robotic surgery in even more delicate procedures, such as heart surgery. Note that this is not a fully automated system, as a human doctor controls the operation via remote control. Laparoscopic gastric bypass surgery is a treatment for obesity.

There were concerns that doctors, in the future, might only be trained in the remote control procedure. Ronald G. Latimer, M.D., of Santa Barbara, CA, warned “The fact that surgeons may have to open the patient or might actually need to revert to standard laparoscopic techniques demands that this basic training be a requirement before a robot is purchased. Robots do malfunction, so a backup system is imperative. We should not be seduced to buy this instrument to train surgeons if they are not able to do the primary operations themselves.”

There are precedents for just such a problem occurring. A previous “new technology”, the electrocardiogram (ECG), has lead to a lack of basic education on the older technology, the stethoscope. As a result, many heart conditions now go undiagnosed, especially in children and others who rarely undergo an ECG procedure.

Sunday, January 10, 2010

Chinese officials have said that their country’s exports surged last December to edge out Germany as the world’s biggest exporter.

The official Xinhua news agency reported today that figures from the General Administration for Customs showed that exports jumped 17.7% in December from a year earlier. Over the whole of 2009 total Chinese exports reached US$1.2 trillion, above Germany’s forecast $1.17 trillion.

Huang Guohua, a statistics official with the customs administration, said the December exports rebound was an important turning point for China’s export sector. He commented that the jump was an indication that exporters have emerged from their downslide.

“We can say that China’s export enterprises have completely emerged from their all-time low in exports,” he said.

However, although China overtook Germany in exports, China’s total foreign trade — both exports and imports — fell 13.9% last year.

Wednesday, June 11, 2008

On June 4, a report published by the United States Centers for Disease Control and Prevention (CDC) showed that in the past 16 years high school students have become less likely to engage in health risk-related behaviors such as having sex and taking drugs. However, the CDC found that Hispanic students were less likely to have reduced risky behavior when compared to Black and White students in several key areas.

The National Youth Risk Behavior Survey (YRBS) is run by the CDC every two years, and is an anonymous, self-administered survey of students in grades 9 to 12. In the 2007 YRBS, over 14,000 students were surveyed from across 44 U.S. states, 5 territories, and several individual school districts. The combined statistics used results from 39 states and 22 large urban school districts.

The survey showed that males were more likely than females to engage in most behaviors involving violence or risk of unintentional injury, including driving while drinking alcohol, carrying a weapon, and being involved in a physical fight, although females were more likely to have contemplated or attempted suicide. Males were also more likely to have smoked tobacco or marijuana, engaged in heavy drinking, or engaged in sexual intercourse, while females were more likely to have fasted for 24 hours or more, vomited or taken laxatives in order to lose weight.

While the proportions of White and Black students who had ever had sexual intercourse, and who had had sex with four or more partners in their lifetimes, all dropped over the period 1991-2007, there was no change in either of these statistics for the Hispanic population. Compared to their counterparts in the 1990s however, Hispanic students in 2007 were found to be more likely to have used a condom during their most recent sexual intercourse, and less likely to have consumed drugs such as cigarettes, alcohol and marijuana.

Hispanic students were more likely than White or Black students to go without food for 24 hours to lose weight, to take drugs such as heroin or cocaine, to drink alcohol on school property, and to have avoided school on occasion because of safety concerns.

In comparison with previous YRBS results, the survey found that the percentage of students who had ever had sexual intercourse decreased from 54.1% in 1991 to 47.8% in 2007, with a comparable decrease in the percentage who had had four or more sexual partners, from 18.7% to 14.9%. Decreases were also found in the percentage of students who had attempted suicide, who rode in a car with a driver who had been drinking alcohol, and who had smoked marijuana in the past month, but an increase in the percentage who had avoided school on occasion because of safety concerns (from 4.4% in 1993 to 5.5% in 2007).

“We are pleased that more high school students today are doing things that will help them stay healthy and avoiding things that put their health in danger. Unfortunately we are not seeing that same progress among Hispanic teens for certain risk factors,” said Howell Wechsler, Ed.D., MPH, director of CDC’s Division of Adolescent and School Health.

Friday, May 26, 2006

In February of 2006, the Savarino Services Construction Corp. proposed the construction of a seven million dollar hotel on Elmwood and Forest Avenues in Buffalo, New York. In order for the hotel to be built, at least five properties containing businesses and residents would have to be destroyed. It was not certain whether the properties were owned by Savarino or by the landlord Hans Mobius. The hotel was designed by Karl Frizlen of the Frizlen Group, and is planned to be a franchise of the Wyndham Hotels group.

Elmwood Avenue is known by the community as a popular shopping center, and Nancy Pollina of Don Apparel (who is “utterly against” the construction) claims it’s the only reason why students from Buffalo State College leave campus. Additionally, Michael Faust of Mondo Video said he did not want to “get kicked out of here [his video store property].”

In 1995, a Walgreens was proposed to be built on the same land, but Walgreens later withdrew its request for a variance because of pressure from the community. More recently, Pano Georgiadis tried to get the rights to demolish the Atwater House next to his restaurant on Elmwood Avenue, but was denied a permit due to the property’s historical value. He has since been an opponent to the hotel construction.

In the process of debating the hotel, it was thought that a hotel had previously existed on the proposed site, however; research done at the Buffalo and Erie County Historical Society had shown that no hotel had previously existed on the site.