NCBA Group PLC (NCBA.ke) Q32008 Interim Report

first_imgNCBA Group PLC (NCBA.ke) listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2008 interim results for the third quarter.For more information about NCBA Group PLC (NCBA.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the NCBA Group PLC (NCBA.ke) company page on AfricanFinancials.Document: NCBA Group PLC (NCBA.ke)  2008 interim results for the third quarter.Company ProfileNCBA Group Plc is a financial services institution in Kenya offering banking products and services for the retail, commercial and corporate sectors. It also offers stock brokerage, bancassurance, leasing and investment banking services through operations in Kenya, Tanzania and Uganda. Its full-service offering ranges from transactional banking products and services to unsecured and secured loans, secured diaspora loans, property purchase loans and insurance premium financing as well as asset-based lending, capital expenditure loans and construction loans. NIC Bank Limited offers institutional banking services to non-government organisations, diplomatic missions and their affiliate donor/aid entities as well as government institutions, multi-nationals, domestic corporates and medium- to high-net worth individuals. Formerly known as NIC Bank Limited, the company changed its name to NIC Group Plc in 2017. Its head office is in Nairobi, Kenya. NCBA Group Plc is listed on the Nairobi Securities Exchangelast_img read more

Read More »

El Comité Conjunto de Nominaciones emite una Convocatoria de Discernimiento…

first_img Youth Minister Lorton, VA Curate (Associate & Priest-in-Charge) Traverse City, MI Priest-in-Charge Lebanon, OH Cathedral Dean Boise, ID Submit a Job Listing Featured Jobs & Calls Submit a Press Release Assistant/Associate Priest Scottsdale, AZ Featured Events Associate Rector for Family Ministries Anchorage, AK The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Rector (FT or PT) Indian River, MI Rector Collierville, TN Rector Knoxville, TN Director of Music Morristown, NJ AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Director of Administration & Finance Atlanta, GA Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Curate Diocese of Nebraska An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 Associate Priest for Pastoral Care New York, NY Assistant/Associate Rector Washington, DC Submit an Event Listing Rector Tampa, FL Posted Aug 13, 2014 [El 13 de agosto de 2014] El Comité Conjunto de Nominaciones de la Episcopal Iglesia para la Elección del Obispo Presidente (JNCPB) ha publicado una Convocatoria de Discernimiento y Perfil para la 27º Obispo Presidente de la Iglesia EpiscopalEl perfil se encuentra aquí  y en español aquí   y FrancesEntre hoy y el 30 de septiembre, cualquier miembro de la Iglesia Episcopal puede presentar el nombre de un obispo al  Comité [JNCPB] a quien crean deba ser considerado para la nominación, a través del correo electrónico que aparece en una Convocatoria de Discernimiento y Perfil. El JNCPB informará a los obispos cuyos nombres se han presentado y les informará de que si desean participar del proceso de discernimiento, deberán presentar sus materiales, según se especifica en una Convocatoria de Discernimiento y Perfil, del 1 al 31 de octubre El JNCPB anunciará sus nominados a principios de mayo de 2015.Según el JNCPB, el perfil tiene la intención de pintar un cuadro de las habilidades, cualidades y dones que la Iglesia busca en su próximo Obispo Presidente a la luz de lo que la Iglesia puede parecer en la próxima década, para ayudar a los obispos, diputados y posibles candidatos a que disciernan qué obispos pueden ser llamados al ministerio de Obispo Presidente y para ayudar al JNCPB en el discernimiento de los potenciales candidatos. Para ayudar en este proceso, el año pasado el JNCPB elaboró y distribuyó una encuesta en toda la iglesia. La síntesis de las más de 5.200 respuestas ayudó a desarrollar el perfil.El JNCPB está compuesto por un miembro laico, un sacerdote o diácono, y un obispo elegido de cada una de las nueve provincias de la Iglesia Episcopal, además de dos representantes de la juventud, designados por el Presidente de la Cámara de los Diputados, la Revda. Gay Jennings. Los diputados de la  Convención General y los obispos sirven un término de tres años para concluir en la clausura de la Convención General de 2015 en Salt Lake City. Course Director Jerusalem, Israel Assistant/Associate Rector Morristown, NJ Rector Washington, DC Rector Smithfield, NC Priest Associate or Director of Adult Ministries Greenville, SC Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Press Release Service El Comité Conjunto de Nominaciones emite una Convocatoria de Discernimiento y Perfil para el 27 Obispo Presidente Episcopal Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Rector Martinsville, VA Rector Bath, NC Family Ministry Coordinator Baton Rouge, LA Missioner for Disaster Resilience Sacramento, CA An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Rector and Chaplain Eugene, OR Rector Albany, NY Bishop Diocesan Springfield, IL Canon for Family Ministry Jackson, MS Rector Belleville, IL Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Rector/Priest in Charge (PT) Lisbon, ME New Berrigan Book With Episcopal Roots Cascade Books Rector Shreveport, LA Rector Hopkinsville, KY Rector Pittsburgh, PA Associate Rector Columbus, GA last_img read more

Read More »

Stop escalating U.S. attacks on Syria

first_imgThe action of U.S. warplanes bombing a Syrian government military convoy near the town of al-Tanf on May 18 marks a sharp escalation of the U.S. campaign to overthrow the elected Syrian government and to dismember the country. It must be protested by all who oppose U.S. imperialism’s aggression.With bloody irony, the Pentagon claimed it attacked the Syrian government convoy because the Syrian trucks had entered “an established ‘de-confliction zone’.” (latimes.com, May 18) The convoy had moved within 18 miles of a U.S. military base, where U.S., British and Norwegian soldiers were occupying Syrian territory, along with a group hostile to the Syrian government called the “Army of the Revolution’s Commandos.”The Pentagon set up this base without permission by the Syrian government, which constitutes a de facto invasion of the country.A Syrian official said, “This brazen attack by the so-called international coalition exposes the falseness of its claims to be fighting terrorism.”  (aljazeera.com, May 19)  The official said that “the Syrian army was fighting terrorism and no one else had the right to decide which areas it can carry out operations.” (cbsnews.com, May 19)The Russian government called the U.S. attack a breach of Syrian sovereignty.The air attack took place as President Donald Trump left the U.S. to visit Saudi Arabia. The first thing Trump did when he arrived in the kingdom was to sign a $110 billion weapons deal, and an additional $250 billion in “other investments” with the Saudi regime. The Saudi Arabian monarchy has been a chief collaborator with Washington’s intervention in Syria, funneling money and arms to reactionary terrorist groups there, including the Jabhat Al-Nusra group linked to al-Qaida.The U.S. bombing also comes just after an agreement creating “de-escalation” zones in Syria was signed by Russia, Iran, Turkey, Syria and non-al-Qaida groups that operate in Syria. The signing took place in Astana, Kazakhstan, on May 8. Representatives from Turkey, Russia and Iran will monitor ceasefires in four zones in the country. The campaign against the Islamic State group will continue under the plan.The U.S. bombing was clearly designed to torpedo this agreement. Its goal is to re-enforce U.S.-defined “safe zones,” continue the terrible conflict that has killed hundreds of thousands of Syrians and displaced millions, protect Washington’s proxy militias, partition Syria and overturn the Bashar al-Assad government.The U.S. wars in that oil-rich region of the world have enriched the weapons contractors and oil companies. But they only increase the austerity cuts that are being pushed on the workers at home. Health care, education, pensions — all this and more are on the chopping block to feed the Pentagon’s war machine.Only by combining the struggles to block the cutback campaign with a strong solidarity movement with the oppressed victims of the Pentagon war drive can workers and oppressed peoples in the U.S. help turn back this terrible attack on Syria that harms all of us.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Read More »

Venezuela defends itself from U.S.-orchestrated coup

first_imgJan. 25 — In Venezuela, Jan. 23 has been a historically significant date ever since 1958 when military dictator Marcos Pérez Jiménez was deposed, restoring an elected government. Now it may take on another meaning: the day that Chavismo faced off against a U.S.-orchestrated coup attempt in the streets.The National Assembly (AN) of Venezuela has been legally null and void for two years. Its existence is itself in contempt of the two-year-old ruling of the Supreme Court of Justice over repeated violations of the Venezuelan Constitution. Recently, the AN declared the opposition leader Juan Guaidó president of the country. This illegal move followed Guaidó’s own self-appointment as “president.”This usurper, who is an unknown even in Venezuela, immediately got support from the White House. U.S. Vice President Mike Pence spoke for him, and Donald Trump tweeted his approval. In Venezuela, opposition forces took to the streets hoping to intimidate the elected government into resigning. The intimidation failed. The Venezuelan masses gave a clear and powerful response: The streets of Caracas and other major cities were flooded with marches and demonstrations in support of President Nicolás Maduro. Venezuela’s president spoke to tens of thousands of demonstrators in Caracas, thanking them from the balcony of Palacio de Miraflores, the seat of the Venezuelan government. President Maduro also called on the masses to continue demonstrating in the coming days in order to ensure peace in the country despite the destabilizing pressure from U.S. imperialism. The first few days since the self-appointment by Guaidó — who has been sequestered in the Colombian Embassy — have shown that the main threat to Maduro and the Venezuelan people comes from the U.S. military and its allies in right-wing Colombia and Brazil, not from the Venezuelan people.Rejected by the popular masses of the country, the opposition seems to have returned to its old tactics: Opposition demonstrators began to clash with security forces in several working-class neighborhoods. There have also been reports of attacks against public institutions and Chavistas (the common term for government supporters) in the wake of opposition protests. (tinyurl.com/yar83kbz)National and international victories for Bolivarian RevolutionSoon after declaring himself president, Guaidó called on officers of the Venezuelan armed forces to carry out the practical side of his coup. The group of 27 junior officers who responded on Jan. 21 were overwhelmed and captured within hours.Since then, the highest levels of leadership of the National Bolivarian Armed Forces (FANB) have issued statements of loyalty and “complete subordination” to the government of Nicolás Maduro. Among the officers issuing statements of support were all eight regional commanders of the Armed Forces. Regional governors and other civil authorities also made similar statements of support.On an international level, the Bolivarian Revolution also won an important victory on Jan. 24. The Organization of American States (OAS), which has been one of the main vehicles of U.S. control in Latin America, voted on whether or not to accept the special ambassador sent by Guaidó’s coup government. Despite U.S. influence in the body, and its recent role alongside the Lima Group in attacking Venezuelan sovereignty, the OAS voted against recognizing the ambassador. This means that the U.S. was unable to gather the 19 votes they had gathered in previous votes against the legitimate Venezuelan government; Paraguay defected from the imperialist agenda.In response to U.S. public support for the coup government, Venezuela has broken off diplomatic and political ties with the U.S. and is withdrawing its representatives from embassies and consulates in the coming days. The governments of Mexico and Uruguay have called for dialogue between the government and the opposition, which Maduro endorsed during a ceremony opening the Supreme Court of Justice for the year. As of noon on Jan. 25, the U.S. puppet Guaidó has made no public statement regarding this call for dialogue. FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Read More »

New telecoms bill threatens freedom of information

first_imgNews Receive email alerts MexicoAmericas MexicoAmericas April 25, 2014 – Updated on January 20, 2016 New telecoms bill threatens freedom of information April 28, 2021 Find out more May 5, 2021 Find out more May 13, 2021 Find out more NSO Group hasn’t kept its promises on human rights, RSF and other NGOs say 2011-2020: A study of journalist murders in Latin America confirms the importance of strengthening protection policies Follow the news on Mexicocenter_img On 24 March, the Mexican government introduced a telecommunications bill in the Senate that is intended to supplement existing federal telecoms legislation in force since 1995. It is officially designed to restore the balance of power between the giants in the market and the small players.However, the draft has aroused strong reactions because of its provisions that would give the government the right to monitor media content. Senators are due to start considering the proposals later today. Some parts of the bill could favour media diversity while others would allow the creation of a media surveillance system by the government. President Enrique Pena Nieto has said he wants to boost diversity. The market is currently ruled by two telecoms giants, America Movil, owned by telephone mogul Carlos Slim, and Televisa, the country’s main TV broadcaster.One of the trickiest issues in the bill is a proposal to downgrade the Federal Telecommunications Institute, which has so far been independent. The draft aims to bring it closer to the government. It would also give the government the right to oversee media content “in priority cases, exceptionally and in emergencies”. Several articles would give the government the unprecedented right to intervene in communications traffic, such as blocking telecoms signals in places or during events regarded as “critical for public security”. “Reporters Without Borders is concerned at the danger to the fundamental ban on censorship guaranteed by article seven of the Mexican constitution,” said Camille Soulier, the head of the organization’s Americas desk. “The principle of editorial neutrality guaranteed under the constitution should not be ignored in the new bill. The organization is particularly worried that the government will have the right under article 197 to block access to content, applications or services regarded as endangering national security. This article’s lack of precision leaves the door open for prior censorship. Where do you draw the line between an attack on national security and a news story in the public interest?” The bill also contains discriminatory elements. The new licensing system provides for commercial licences for 20 to 30 years and 10 to 20 years for government and public franchises. Community radio stations, which fall into the latter category, will suffer the discrimination of shorter-duration licences, which must be renewed more frequently. Slideshow: CEIEG. Help by sharing this information RSF_en News Reporter murdered in northwestern Mexico’s Sonora state Reports News to go further Organisation last_img read more

Read More »

Editor accused of “inciting violence and hatred” for writing about embezzlement

first_img April 6, 2021 Find out more May 13, 2020 Find out more June 8, 2011 – Updated on January 20, 2016 Editor accused of “inciting violence and hatred” for writing about embezzlement News News Receive email alerts Central African RepublicAfrica RSF_en CAR policeman who shot reporter must be punished, RSF says to go further Newscenter_img Help by sharing this information RSF decries arbitrary blocking of two CAR news websites Reporters Without Borders condemns newspaper editor Faustin Bambou’s arrest on charges of “inciting violence and hatred” in a series of articles from 28 February to 25 March about demonstrations by former soldiers in which he suggested that defence minister Jean-Francis Bozizé, President François Bozizé’s son, had embezzled funds donated by the European Union.Bambou, who edits the independent weekly Les Collines de l’Oubangui, was detained illegally at the headquarters of the national gendarmerie’s Research and Investigation Department for 10 days following his arrest without a warrant on 27 May. He was transferred to Bangui’s Ngaragba prison on 6 June. The exact reasons for the charges are still unclear.“We condemn the jailing of Bambou, who was simply doing his job by reporting a matter of public interest,” Reporters Without Borders said. “His initial detention for much longer that the permitted period for police custody was already a flagrant violation of the law. The authorities have not been able to arrest journalists for defamation since 2005 because defamation has been decriminalized, and we deplore the fact that they can still arrest journalists on a charge of inciting violence. The charge is clearly abusive and we call on the prosecutor to immediately abandon the proceedings and release Bambou.”Bambou was summoned for questioning as a witness by the head of the Bangui gendarmerie on 27 May, but was immediately detained without being brought before any judge. On 6 June, he was interrogated and then charged by prosecutor Arnauld Djoubaye, who made the highly questionable assertion that Bambou’s articles had prompted the demonstrations by former soldiers demanding to be paid.Bambou told Reporters Without Borders through his lawyers that the prosecutor also tried to blame him for articles by other journalists that have also embarrassed the authorities. Bambou’s articles asked the defence minister to explain the disappearance of an estimated 3.8 billion CFA francs (5.15 million euros) that were donated by the European Union to pay retired soldiers as part of a programme for the reform of the security sector.Bambou’s lawyers have still not been given the prosecution case file. The prosecutor claims that his articles about the series of demonstrations beginning on 28 February by 812 soldiers who were retired in 2007 had “incited violence and hatred,” a criminal offence. Although it has not been confirmed, it seems that the charges were brought against Bambou as a result of a complaint by Jean-Francis Bozizé, the defence minister. It is regrettable that he did not instead ask to use his right of reply in Les Collines de l’Oubangui.Reporters Without Borders has been told that similar charges have been brought against Sandy Cyrus, the head of Média Plus publications, and M. Kongbo, a reporter for On dit quoi, and that they have had to go into hiding. Their news media were criticised on national radio on 17 May by Alain-George Ngatoua, the defence ministry’s spokesman, who claimed that there had been an “all-out smear campaign” against the minister.Bambou was previously sentenced to 6 months in prison on 28 January 2008 on a charge of “inciting revolt.” He was given a presidential pardon four weeks later .The Central African Republic is ranked 69th out of 178 countries in the 2010 Reporters Without Borders press freedom index.Photo : Vincent Fournier / J.A Organisation Follow the news on Central African Republic Six years on, same unanswered questions about French journalist’s death in CAR Central African RepublicAfrica News December 13, 2019 Find out morelast_img read more

Read More »

Authorities urged to think twice after freelance journalist given six-year sentence

first_img RSF_en News YemenMiddle East – North Africa Follow the news on Yemen News Yemeni journalist killed, nine wounded in Aden airport explosions Reporters Without Borders condemns the six-year prison sentence which a state security court in Sanaa passed yesterday on freelance journalist Abdulkarim Al-Khaiwani on a charge of “collaborating with the rebellion.” He was taken away to prison immediately after the court pronounced sentence.“Khaiwani has yet again paid for his commitment to covering the fighting in the north of the country,” Reporters Without Borders said. “The press has become a convenient scapegoat, as is often the case when the political climate in a country deteriorates. This sentence is unacceptable and will serve as a warning to all those who criticise the government in the media. We appeal to the authorities to act with lucidity and release Khaiwani at once.”A former editor of the newspaper Al-Shoura and contributor to several independent news media, Khaiwani was convicted of passing information to Shiite rebels in northern Yemen. Fourteen other persons were on trial with him. He was arrested in June 2007 and held for several months in pre-trial custody until he was released provisionally on health grounds. His continuing health problems did not deter the authorities from detaining him as soon as his sentence has been announced yesterday. He was previously sentenced to a year in prison on similar charges in March 2005 but was given a presidential pardon the day after his conviction.He is short-listed for the 2008 Amnesty International “Special Award For Human Rights Journalism Under Threat” and had been due to travel to London for the award ceremony on 17 June. Fixer for foreign reporters held in Aden for past five months Organisation Receive email alerts February 26, 2021 Find out morecenter_img News to go further United Nations: press freedom situation “deeply worrying” in Yemen, according to RSF News Help by sharing this information February 11, 2021 Find out more June 10, 2008 – Updated on January 20, 2016 Authorities urged to think twice after freelance journalist given six-year sentence YemenMiddle East – North Africa January 6, 2021 Find out morelast_img read more

Read More »

Letter to home minister about harassment of leading journalist

first_imgNews Help by sharing this information News Organisation Receive email alerts Reporters Without Borders wrote to Tanzanian minister of home affairs Emmanuel Nchimbi last week to call for an end to the harassment of the journalist Erick Kabendera and his family by representatives of the state.“Tanzania’s ranking in the 2013 Reporters Without Borders press freedom index is 36 places lower than last year,” the 18 February letter said. “No journalists had been killed until September 2012, but thereafter two were killed in the space of four months and this has had a big impact on the Tanzanian news environment. “Harassment by officials of such a respected journalist as Mr. Kabendera can only exacerbate the current sense of helplessness among Tanzanian journalists, especially when everything indicates that it is not random. These intimidation attempts are targeting a talented journalist and seem designed to protect a senior official who was affected by his testimony.”Signed by secretary-general Christophe Deloire, the letter added: “Reporters Without Borders urges you to call the Immigration Department to order so that this disgraceful harassment stops. We also urge you to tell the police that they must do whatever is necessary to guarantee the safety of Mr. Kabendera and his family.”A former employee of the Dar es Salaam-based Guardian newspaper, Kabendera was a 2009 winner of the David Astor Journalism Award for journalists who are “exceptionally promising and with a great potential for excellence in the future.” In December 2012 in London, he testified for the defence in a libel suit that Tanzanian businessman and Guardian owner Reginald Mengi brought against British blogger Sarah Hermitage. Ever since his return to Tanzania, he has been the target of intimidation attempts. His home has been ransacked three times and Immigration officials have been casting doubt on his nationality without any legal grounds.His elderly and ailing parents were escorted in an appalling manner to a regional immigration office where they were subjected to an eight-hour interrogation and were asked to sign documents without being allowed to read them.Although life-long employees of the Tanzanian state, Kabendera’s parents obtained limited and unsatisfactory explanations from the officials who interrogated them. The officials said that the investigation was ordered by Immigration Department Commissioner Magnus Paul Ulungi, and that it was a “sensitive” matter that had to be followed “closely.” One official added that Kabendera was suspected of selling state secrets to “European powers” but “everything will be all right” if he remains “humble.”After falling 36 places, Tanzania is now ranked 70th out of 179 countries in the latest Reporters Without Borders press freedom index.Photo : Erick Kabendera Reports November 27, 2020 Find out more RSF_en News Tanzanian media unable to cover Covid-19 epidemic center_img to go further Twitter arbitrarily blocks South African newsweekly and several reporters over Covid vaccine story February 4, 2021 Find out more Follow the news on Tanzania February 26, 2013 – Updated on January 20, 2016 Letter to home minister about harassment of leading journalist The 2020 pandemic has challenged press freedom in Africa TanzaniaAfrica TanzaniaAfrica November 5, 2020 Find out morelast_img read more

Read More »

Summer washout casts long shadow

first_imgNewsLocal NewsSummer washout casts long shadowBy admin – July 12, 2012 544 Facebook Twitter Advertisement Previous articleLimerick look to lower the ‘Banner’Next articleLimerick FC to play Manchester City in Thomond Park admin Emailcenter_img Farmers badly hit- businesses hurtTHE WASHOUT summer is causing havoc for Limerick businesses, and shoppers may be looking at food price hikes as farmers struggle to provide produce.More than 5,000 beef and dairy farmers in Limerick are having to pay out for feed supplements and they will be looking at even bigger bills when winter closes in, it has been predicted.Sign up for the weekly Limerick Post newsletter Sign Up But consumers are winning in other areas, with over stocked department stores and garden furniture suppliers having to slash prices to tempt buyers.Met Éireann says that June was the wettest since records began,The last five weeks of wet conditions in Ireland and the severe weather front in the United States are affecting the cost of food production, warns Vincent Carton, managing director of Carton Bros and member of the Bord Bia Quality Assurance. He says it is only a matter of time before the consumer sees the impact.“As a company and an industry we are under severe pressure with the rising cost of wheat and many other cereals as they have a direct impact on the cost of producing chicken,” said Mr Carton.“We have already absorbed the increases in costs for gas, electricity and others such as diesel, which has led to increased distribution costs. However, these pale to insignificance compared to the increase in the cost of feed. Feed represents just over  50 per cent of the cost of a chicken”.The County Limerick chairman of the Irish Farmers Association, Eddie Scanlan, said farmers are facing a “very serious situation” which will cost an estimated €160 million nationally.“About half of farmers haven’t got any silage in. The weather broke at the very worst time, when the silage season should have been coming into full swing. It’s absolutely chaotic. And then without a first cut there’s no aftergrass. What grass there is, is not of a quality that animals can get proper nutrition from, so farmers are bringing their cattle back indoors and feeding them in the middle of July. That’s never done”.And many beef factories are “taking advantage,” he claimed, offering 10 cents per kilo less this week as farmers struggle to get animals to put on weight.Meanwhile, the heat has been turned up on department stores desperate to shift summer clothes, with many giving up to 70 per cent offCaroline Whelan of ‘A Room Outside’ in the East Link Business Park, said that while sales of barbecues haven’t suffered, garden furniture has.“You don’t have to have sunshine to barbecue but you do to sit outside. We’ve reduced all our our garden sets by up to 25 per cent.And holidaymakers are taking to the skies, Limerick Travel has confirmed.“There’s a big increase in last minute bookings,” said Shane O’Donoghue.“People want sunshine,” he told the Limerick Post WhatsApp Print Linkedinlast_img read more

Read More »

Inability to Pay Mortgage Among Top Consumer Complaints

first_img June 22, 2020 1,564 Views A report by NerdWallet found complaints to the Consumer Financial Protection Bureau (CFPB) were up 31% so far in 2020 compared to last year.The top complaint fielded by the CFPB directly tied to COVID-19 was consumers not being able to pay their mortgages at 16%.Additionally, 26% of complaints to the CFPB had “mortgage” labeled as the primary financial product.“In reading through those labeled as mortgage complaints, we found many consumers frustrated with the lack of relief provided by mortgage forbearance offers,” the report added. “Namely, the consumers were unhappy that lenders required full repayments of delayed installments—known as a balloon payment—at the conclusion of the forbearance period.”Complaints related to job loss were up 34% when compared to last year. The CFPB received 142,782 complaints from Jan. 1, 2020, to the end of May—a 31% annual increase.The latest data from Black Knight revealed the number of mortgages in COVID-19-related forbearance fell for the third consecutive week. Overall, the number of active forbearance plans is down 57,000 from last week and 158,000 from the peak the week of May 22.At these levels, mortgage servicers need to advance a combined $3.4 billion a month to holders of government-backed mortgage securities on COVID-19-related forbearances. That’s on top of the $1.4 billion in T&I payments they must make on behalf of borrowers.Black Knight also reported that an additional 723,000 homeowners became delinquent on their mortgages in May, causing the national average to rise to its highest level in 8.5 years.There are now 4.3 million homeowners past due on their mortgages or in active foreclosure, including those in forbearance who have missed scheduled payments as part of their plans, up from 2 million at the end of March.Serious delinquencies are on the rise as well, increasing by more than 50% over the past two months. However, Black Knight’s McDash Flash Payment Tracker shows a higher share of payments have been made thus far in June than at the same time in May, suggesting the rise in delinquencies may be leveling off. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago About Author: Mike Albanese The Best Markets For Residential Property Investors 2 days ago  Print This Post Previous: U.S. Households Report Overall High Economic Well-Being Next: The Democratization of Distressed Property Buyers in Daily Dose, Featured, Government, News Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: CFPB COVID-19 Mortgages Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Inability to Pay Mortgage Among Top Consumer Complaints CFPB COVID-19 Mortgages 2020-06-22 Mike Albanese Inability to Pay Mortgage Among Top Consumer Complaints Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Savelast_img read more

Read More »