Cricket Football Basketball legend Kobe Bryant’s autograph, on a hardwood section of the court where he played his last game, is on the auction block online and expected to fetch at least $500,000 next week.The four-panel floor piece, measuring 4 feet by 8 feet (1.2 by 2.4 meters), is emblazoned with a huge “8,” one of two numbers Bryant wore during a sensational 20-year career with the Los Angeles Lakers. It graced one end of the National Basketball Association court for the game on April 13, 2016, balancing a section with his other jersey number “24” at the other end. Football Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR By Kunal Dhyani – September 24, 2020 Latest Sports News Latest Sports NewsSportNBA 2020-21 Kobe Bryant autograph on last game court piece hits auction block BCCI to form committee to take call on compensating domestic cricketers Cricket Tokyo Olympics: Deepika Kumari to be sole entry to Tokyo Games as Indian women’s recurve team fails to qualify by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeCBS NewsThink Your Commute Is Safe? You Need To See This.CBS NewsUndoTreehuggerHow To Protect Yourself Against CyberthreatsTreehuggerUndoGeorgetown UniversityLearn from Anywhere This Summer with Georgetown’s Online Summer CoursesGeorgetown UniversityUndo“This is really among the most unique and inspiring pieces we’ve ever had,” said Dan Imler, vice president of direct sales and consignments for Heritage Auctions. “Most fans will remember that as one of, if not the, greatest farewell performance in the history of sports.”Bryant scored 60 points in the Lakers’ 101-96 victory over the Utah Jazz.“After the final piece of confetti had fallen, one of Kobe’s absolute last acts before he walked off the professional court was to add a large signature to the center of the number 8,” said Imler.“It’s one of the biggest Kobe autographs we’ve ever seen. It’s about a foot and a half long.”Bryant died at age 41, along with his 13-year-old daughter Gianna and seven others, in a January helicopter crash in Calabasas, California.“Certainly the market has escalated and, you know, as you can imagine, you know, all things Kobe were really kind of crystallized after his, his tragic passing and kind of took on a new depth and a new meaning, a new level of appreciation,” Imler said.Buyers must place a bid before Oct. 3 to be eligible to raise the stakes on that day.The seller will donate 10% of the proceeds to the Mamba and Mambacita Sports Foundation, a non-profit that helps underserved communities through youth sports. The name refers to nicknames for Kobe and Gianna Bryant.The sale, titled Michael Jordan & Basketball Icons, includes 375 items such as jerseys and game-worn sneakers by Jordan.“We have a great pair of Jordan game used Air Jordan 1’s. You know, the iconic red, white and black version,” said Imler.“Those are at the top of a lot of collectors’ wish list.” Share on Facebook Tweet on Twitter F1 French GP 2021: Max Verstappen pips Lewis Hamilton to win French GP, Perez finishes 3rd Euro 2020, Switzerland vs Turkey LIVE: Must-win game for both teams, Kickoff at 9.30PM IST; Follow Live Updates TAGSBasketball legend Kobe BryantKOBE BRYANTKobe Bryant autographLos Angeles LakersNBA SHARE Cricket Euro 2020, Italy vs Wales LIVE: Verratti returns for Italy, Ampadu starts for Wales, check full line-ups; Follow Live Updates, WTC Final Day 3 LIVE Score: Latham, Conway frustrate India bowlers; NZ 57/0 (30 ovs)- Follow Live Updates YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinition|SponsoredSponsoredUndo WTC Final Live: Virat Kohli continues century drought as Kyle Jamieson wins IPL team rivalry Formula 1 Previous articleIPL 2020 KXIP vs RCB Dream 11 Predictions: You must have these players in your Kings XI Punjab vs Royal Challengers Bangalore Dream 11 PLaying xi teamNext articleIPL 2020 : Watch IPL 2020 Live broadcast, streaming in your country, language – Check the list Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Cricket Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore Latest Sports News WI vs SA 2nd Test Day 3 Live: Start delayed due to wet outfield, SA lead by 149 runs – Follow Live Updates Cricket PSL 2021 Playoffs: Schedule, Timing, LIVE streaming, list of champions; all you need to know
Kirsteen has no position in any of the shares mentioned. The Motley Fool UK has recommended Marstons. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Among 2020’s worst hit leisure stocks, are these the best shares to buy now? Image source: Getty Images Simply click below to discover how you can take advantage of this. Pent-up demand for fun and entertainment is there, as many of us relish an escape from the confines of our homes and same repetitive daily walk, run, or cycle. Demand for holidays is also likely to skyrocket so the hotels and airlines can look forward to a brighter future. This does all hinge on making it to that point and even once things do pick up, it’s going to take at least two years for many of these firms to return to pre-pandemic profitability.Share prices risingRevolution Bars, Restaurant Group, and Cineworld all saw their share prices decimated in 2020. And despite the third lockdown, each appears to be making a comeback in January. So, are these also among the best shares to buy now? Revolution and Cineworld were both in trouble before the pandemic took hold. With their risk factors now at an all-time high, I don’t think either of these looks like a sensible long-term buy.Restaurant Group fares slightly better as it has adapted to offer takeaways. Wagamama, Chiquito, Frankie and Benny’s, and Garfunkel’s Restaurant all come under the Restaurant Group banner. In a recent note explaining the impact of the November lockdown, it confirmed it spent £5.5m that month. This shows there’s undoubtedly still risk in investing here, but the vaccine rollout points to a bright light at the end of the tunnel. If it means restrictions being lifted sooner rather than later, all the better for a return to service-based consumer spending.I’d consider buying shares in Marston’s and Restaurant Group as I think consumers will make a rapid return to socialising once the restrictions are eased. I think investing in stocks in 2021 could prove lucrative and it’s a great time to start buying shares for a wealthier future. Our 6 ‘Best Buys Now’ Shares Enter Your Email Address Trading has come to a screeching halt for many entertainment stocks. Consumer services including small pubs, restaurants, bowling alleys, and cinemas, as well as hairdressers, beauty salons, and sports therapists are all under incredible pressure. If they can make it through to the other side, they stand to make a roaring comeback. So, among the depressed share prices, which are the best shares to buy now?Investing in a risky sectorLockdown 3.0 is an inconvenience for many of us and a nightmare for service businesses trying to survive long enough to enjoy a recovery. Companies like Marston’s (LSE:MARS) have been pulling out all the punches to survive. In a full-blown lockdown Marston’s spends £3m to £4m a week. It’s a huge figure required to keep things ticking over.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…It explains why the Marton’s boss has so vocal in requesting a business rates holiday and VAT relief measures throughout 2021. Without extreme measures, businesses like this face a real risk of going under. While Marston’s share price was down 41% in 2020, year-to-date it has risen 15%. Is Marston’s among the best shares to buy now?Marston’s already let go of more than 2,000 staff and continues to have 97% of its remaining workers on furlough. It has also strengthened its balance sheet through a joint venture with Carlsberg. This has helped reduce a little of its debt burden. It now has around a year of liquidity room to weather a continued lockdown scenario. If pub-going resumes in the summer, Marston’s should bounce back with renewed strength. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. 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It’s Ireland’s chance today to throw their name into the race as a contender for the title of 2011 Six Nations Champions. Are they able to repeat the dream year that was 2009? Or will they let the growing injury list get in their way? LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS
2011 “COPY” Projects “COPY” Photographs Chile Architects: Gubbins Arquitectos Year Completion year of this architecture project Mava House / Gubbins ArquitectosSave this projectSaveMava House / Gubbins Arquitectos ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/310297/mava-house-gubbins-arquitectos Clipboard CopyHouses•Zapallar, Chile Save this picture!© Pablo Montecinos+ 52 Share Year: Houses ArchDaily Mava House / Gubbins Arquitectos ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/310297/mava-house-gubbins-arquitectos Clipboard Photographs: Pablo MontecinosSave this picture!First Floor PlanRecommended ProductsWindowsRabel Aluminium SystemsMinimal Casement Windows – Rabel 8400 Slim Super Thermal PlusWindowsC.R. LaurenceCRL-U.S. Aluminum Unit-Glaze SystemMetallicsTECU®Copper Surface – Classic CoatedMetallicsSculptformClick-on Battens in Ivanhoe ApartmentsText description provided by the architects. MAVA house is placed in “Beranda” urbanization, located in between Cachagua and Maitencillo, in Chile. The location is in a really strong slope, with a radical sight to Pacific Ocean and exposed to South-West winds. The main strategy was to create a big terrace, creating this “new floor” that would allow the “leisure life” and make even more perceptible the Ocean sight, offering a unique relationship between the inhabitant and the horizon line, the same way as the cliffs do. The terrace extends towards the Ocean, removing the view of the existing houses. The program decomposes into “two units”, allowing to get in touch with the ground in the proper way, and provides the architectonical support for the terrace. Save this picture!Cortesía de Gubbins Arquitectos © Pedro GubbinsSouthward, there is a big metal and Wood “beam-wall” that allows to delimit the view and take over the South-West winds in the place, and the future neighbors. Under it, a new place is created, here is the entrance to the house, the relationship between both houses and a place sheltered from the sun. The architectural promenade is complete when you get into a courtyard which is opened to the sky and from where you access the terrace. Both Houses develops its inner promenades perpendicular to the slope, involving all the interior rooms of the sight. The architecture of the two longitudinal volumes, makes the space decomposes and folds into a series of slabs and beams that allows big distances between supports without soiling the ocean view, furthermore it hels to protect the house from the west sun. Save this picture!Cortesía de Gubbins Arquitectos © Pedro GubbinsThe materiality is composed by reinforced seen concrete walls, aluminum windows, double glazing, and wood beams. The temperatura and atmosphere created by these materials offers a complete integration with the ground and vegetation of the area.Save this picture!SectionProject gallerySee allShow lessGrand Central Terminal Drawing Competition WinnersArticlesWheelwright Prize CompetitionArticles Share CopyAbout this officeGubbins ArquitectosOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesZapallarChilePublished on December 27, 2012Cite: “Mava House / Gubbins Arquitectos” [Casa Mava / Gubbins Arquitectos] 27 Dec 2012. ArchDaily. Accessed 11 Jun 2021.
Save this picture!© Masano KawanaAll of the bedrooms and living spaces that surround the central atrium at each level bring in light and air into the rooms through the external windows as well as have openings into the central atrium, providing cross ventilation into every main living space of the house and contributing to the Greenmark Gold certification of the development. The center of the terrace house is here a bright and airy space that gives a feeling of permeability and openness as well as allows the inhabitants to see diagonally through the house and beyond to the lushly landscaped external. Lightweight screens on the external facades mediate the harshness of the direct tropical sun. These screens are angled to increase privacy from on-looking houses while maximizing the views to the 50m swimming pool and richly planted external environment. Save this picture!© Masano KawanaSave this picture!Section PerspectiveProject gallerySee allShow lessAct for Kids / m3architectureSelected ProjectsKindergarten in Xieli Garden / UDG + SEUSelected ProjectsProject locationAddress:SingaporeLocation to be used only as a reference. It could indicate city/country but not exact address. Share Projects “COPY” Photographs: Masano KawanaDeveloper:ACT Holdings Pte LtdBuilder:A-Build Construction Pte LtdDesign Team:Warren Liu Yaw Lin, Darlene Smyth, Najeeb Rahmat, Anna ManriqueCountry:SingaporeMore SpecsLess SpecsSave this picture!© Masano KawanaRecommended ProductsWoodStructureCraftEngineering – Architectural & FreeformWoodHESS TIMBERTimber – GLT HybridWindowsFAKRORoof Windows – FPP-V preSelect MAXDoorsLinvisibileLinvisibile Curved Hinged Door | AlbaSave this picture!Site PlanText description provided by the architects. Designed by Singapore-based architects AD LAB Pte Ltd, Charlton 27 is a 27-unit cluster terrace project in the heart of the tropical city-state. The architects experimented with the design of the units as well as their relationship with the outdoors to achieve a feeling of bright spatial openness and environmental comfort within the typically dense typology of privately owned terrace houses with communal facilities. Save this picture!SectionSave this picture!© Masano KawanaIn Charlton 27, the spatial design concept is to open up the interiors of the units by splitting the upper floor levels of the houses and to create a central atrium that allows air and light to flow through the buildings both horizontally and vertically. Above this central atrium are two louvred wind scoops at the roof level, one facing each of the prevailing wind directions, that draw air into the central atrium as well as allow warm air to escape. Photographs Year: ArchDaily Apartments Charlton 27 / A D LABSave this projectSaveCharlton 27 / A D LABSave this picture!© Masano Kawana+ 13 Share Charlton 27 / A D LAB ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/788939/charlton-27-a-d-lab Clipboard Area: 4050 m² Year Completion year of this architecture project 2016 ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/788939/charlton-27-a-d-lab Clipboard Singapore CopyApartments•Singapore “COPY” CopyAbout this officeA D LABOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsSingaporePublished on June 06, 2016Cite: “Charlton 27 / A D LAB ” 06 Jun 2016. ArchDaily. Accessed 11 Jun 2021.
FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this Call Cambridge City Hall at 617-349-4000 and leave a message in support of canceling the budget increase that is postponed until the next fiscal year. Tell them we will not be stalled by half-measures and will keep fighting for a safer Cambridge for Black, Indigenous and People of Color (BIPOC). Follow @CommunityFUBU on Facebook for updates. (tinyurl.com/yaxcrvhv)Remember, comrades, claim no easy victories, and fight on! The road ahead is long and winding, but so far this much is clear: The People’s Revolution has taken to the streets. Black youth are at the front lines, and if you’re still watching from the sidewalk, the time has come to act. Either get behind them or get out of their way. By Katya ZinnCambridge, Mass.On June 22, the author acted as an accomplice to a Black-youth-organized civil disobedience demonstration in Cambridge, Mass. This is their field report.Central Square, 6 p.m. An early summer dusk painted a grapefruit haze over awnings of padlocked dive bars and deserted cafés. Outside City Hall, protesters blocked two lanes of traffic. The sit-in, led by Cambridge Black youth in Community; For Us, By Us Collective (FUBU), demanded reclamation of taxpayer dollars from the trigger-happy hands of police.Action began in Fort Washington Park. Volunteers dispensed masks, bottled water, snacks, hand sanitizer and extra signs: staples of socially responsible COVID-era civic engagement. Meanwhile, organizers Lorra Marseille, Queen-Cheyenne Wade and Bilien Teklu outlined three demands for the city budget: 1) a Youth of Color collective (wherein youth are compensated for their work) to provide community outreach and infrastructure; 2) Community Safety Crisis Response Programs led by and for marginalized/low-income residents, unaffiliated with the Cambridge Police Department; and 3) a 2 to 3 ratio of affordable housing in few housing developments. (“Affordable” is defined by maximum qualifying incomes of $40,000 for two-parent households and $25,000 for single-parent ones).Taking to the streetsArmed with cardboard signs painted with these demands, organizers led 20 to 30 accomplices down Massachusetts Avenue. Their voices echoed from a rolling utility cart carrying a public address system donated by the Boston School Bus Drivers Union, United Steelworkers Local 8751.A black wire threaded through one of the cart’s mesh holes ended in a handheld mic. This traveled up and down the march’s frontlines as organizers took turns leading chants. Flanked by street medics with crosses of red duct-tape stuck to their T-shirts, protesters sat, spread across the intersection for 90 minutes. “I wrote this poem six years ago,” said Tashawn Taylor, who performed a powerful tribute to hundreds of Black lives lost every year to police violence. “But if you told me then it would still be relevant today … I would’ve believed you.”‘On freedom’s side’Queen-Cheyenne Wade gave a powerful speech demanding a new era of “trust in our community’s abilities to imagine and create a world where we can all live freely, in love and liberation.” Halfway through her speech, she began to sing:“Which side are you on, my people?” She raised her voice over the wail of sirens as a squad of motorcycle cops closed in from both sides: “Which side are you on?”Officers in riot gear began directing stationary vehicles with billy clubs. Traffic had been stopped since the beginning of the demonstration by neon-vested street marshals supporting the movement.“We’re on freedom’s side!” the crowd yelled.The road aheadAs of press time, Cambridge City councilors agreed to postpone a scheduled increase to Cambridge’s police budget until the 2021 Fiscal Year. While one would hope for more decisive action from city leadership, this marks a definitive first step toward Community FUBU’s demands. Here’s what you can do today to support their work: Email [email protected] in support of a Crisis Safety Response Program under Policy Order #149 with ZERO police involvement.
RussiaEurope – Central Asia Condemning abuses Council of EuropeImprisonedUnited NationsJudicial harassment Follow the news on Russia Reporters Without Borders (RSF) reiterates its call for the immediate release of well-known Russian newspaper editor Igor Rudnikov, arrested exactly one year ago today and still awaiting trial, and asks the United Nations to recognize the arbitrary nature of his detention.The editor of the now-closed weekly Novye Kolesa in Russia’s western enclave of Kaliningrad, Rudnikov has been held for the past year on a clearly trumped-up charge of extortion. An order was issued on 26 September extending his preventive detention by another six months.“A year after his arrest, it is high time to end the injustice to which Igor Rudnikov is being subjected,” said Johann Bihr, the head of RSF’s Eastern Europe and Central Asia desk. “The persecution of this journalist and his colleagues is one more example of the crackdown on independent media outlets in Russia. We urge the UN to demand his immediate and unconditional release.”Rudnikov’s hard-hitting reporting had elicited two murder attempts and many lawsuits and prosecutions in the past. Hounded on all sides, Novye Kolesa, the Kaliningrad region’s leading independent newspaper, was finally forced to close in April.The violence to which Rudnikov was subjected when arrested on 1 November 2017 has never been investigated, although members of the Federal Security Service (FSB) can be heard in a video telling a superior they gave him a good beating.Rudnikov is charged with trying to extort money from Gen. Victor Ledenev, a senior Kaliningrad police officer who had been the target of some of Novye Kolesa’s investigative reporting. The complete lack of hard evidence and the many procedural flaws reported by Rudnikov’s lawyers confirm that he is the victim of a politically-motivated reprisal.Given the absence of any progress in the proceedings against Rudnikov during the past year, RSF is asking the UN Working Group on Arbitrary Detention – which is responsible for determining whether cases of detention comply with international law and which reports to the UN Human Rights Council – to recognize the arbitrary nature of Rudnikov’s detention and to take it up with the Russian authorities.Russia is ranked 148th out of 180 countries in RSF’s 2018 World Press Freedom Index.See RSF’s press releases for more information about this case. May 21, 2021 Find out more Related documents odin_god_zaklyucheniya_igorya_rudnikova.pdfPDF – 173.27 KB News Russian media boss drops the pretence and defends Belarus crackdown News Update: RSF has finally decided not to refer this case to the United Nations Working Group on Arbitrary Detention in order not to prejudice other avenues of legal recourse available to the defence. May 5, 2021 Find out more Help by sharing this information RussiaEurope – Central Asia Condemning abuses Council of EuropeImprisonedUnited NationsJudicial harassment News Receive email alerts to go further Organisation RSF_en News Читать на русском / Read in Russian Two Russian journalists persecuted for investigating police corruption November 1, 2018 – Updated on March 13, 2019 RSF asks UN to look at case of Russian editor held for past year Igor Rudnikov Listed as a “foreign agent”, Russia’s most popular independent website risks disappearing June 2, 2021 Find out more
35 recommended0 commentsShareShareTweetSharePin it More Cool Stuff First Heatwave Expected Next Week Business News Make a comment Community News Pasadena’s Sister Cities’ Ludwigshafen, Germany and JÃ¤rvenpÃ¤Ã¤, Finland Celebrate Anniversaries Article and Photography by RACHEL YOUNG Published on Wednesday, May 8, 2013 | 6:52 pm Community News Name (required) Mail (required) (not be published) Website Subscribe The Pasadena Sister Cities Committee unveiled a monument set up to honor their five sister cities and held a dinner at Noor to celebrate two sister cities anniversaries on Tuesday, May 7.This celebration marked a relationship with Ludwigshafen, Germany for 65 years and a 30 year relationship with JÃ¤rvenpÃ¤Ã¤, Finland.One person at a time, whether from mayor to mayor or student to student, the Pasadena Sister Cities Committee exists to bring mutual understanding and cooperation through positive exchanges with people of other cultures.â€œWe look forward to this day because we celebrate the 65th anniversary of this partnership. Itâ€™s our oldest partnership and we love to have Pasadena for a partner,â€ Lord Mayor Dr. Eva Lohse said. â€œIts very important to have those partnerships to show that we are open, that we are international, that we have the same values and want to work together for freedom.â€This relationship began in 1948, after the devastation of the Second World War. Ludwigshafen had been bombed 107 times during the war, and when Tom and Trudie Hunt of Pasadena saw the city, they went home and implored Pasadena residents to send packages of food, clothing, and blankets. Deep friendships developed and the people of Ludwigshafen were so grateful they elected Ryan Benedict of Pasadena to be the only foreign Honorable person for Ludwigshafen to this day.Ludwigshafen and Pasadena have developed a wonderful friendship over the years. The two cities have developed a student exchange where two students come for six weeks to Pasadena to do an internship and stay with a family for a cultural exchange. Two students from here also go over to Ludwigshafen for two weeks every year.Two of these students who came to Pasadena for an internship were at the celebration dinner. They have returned several times since their stays in 2002 and 2007 to visit friends and enjoy the city of Pasadena, which they have come to love so dearly.â€œThe whole idea is really based on this friendship. You come to a community and stay with a family and you can go deeper then if you just came to go to school,â€ Franziska Geissler said, â€œWe need the young people to be interested in this whole thing, to be involved and to keep it going.â€At the unveiling of the monument, the Verdugo Hills Showtime Chorus harmonized beautifully, marking the event as a memorable moment and unifying the attendees through song. This international quartet chorus has a special tie to Japanese sister city Mishima. Two years ago they raised $7000 at a luncheon with 250 women to send to Mischma after the Tsunami.â€œWe really appreciate such grassroots affirmation. Our sister city donated to us after the tsunami two years ago and we really appreciate such help by the sisters,â€ Deputy Consul General of Japan Masahiro Suga said.Having a sister city is certainly a reason to celebrate and helps to localize problems for the citizens of Pasadena in a way that they can truly build friendships and provide help when needed. It goes both ways however, as an architect from JÃ¤rvenpÃ¤Ã¤, Finland recently came to work on a project with the city of Pasadena. The benefits of these relationships abound.â€œWere here to celebrate a monument, so that we ourselves in the community and those who visit the city will be informed and duly impressed with the international character of this city,â€ Mayor Bill Bogaard said.The five sister cities of Pasadena in Ludwigshafen, Germany (1948), Mishima, Japan (1957), JÃ¤rvenpÃ¤Ã¤, Findland (1983) Vanadzor, Armeina (1991), and Xicheng District, Bejing, China (1999) were implemented to promote harmony and understanding between cultures of these cities one person at a time, whether mayor to mayor, student to student, or any person open to positive cultural exchange. 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Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Top of the News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena
Demand Propels Home Prices Upward 2 days ago December 21, 2017 2,129 Views Ask the Economist: Tendayi Kapfidze Discusses Tax Reform’s Housing Impact The Best Markets For Residential Property Investors 2 days ago HOUSING lending tree.com mortgage Tax Reform tendayi kapfidze 2017-12-21 Nicole Casperson Chief Economist, LendingTree.comTendayi Kapfidze is Chief Economist at LendingTree, where he oversees the company’s analysis of the U.S. economy with a focus on housing and mortgage market trends. In his most recent previous role, he served as Director of Global Economics at Pfizer in New York City. He was responsible for developing Pfizer’s view on global macroeconomic trends and advising the leadership team on economic and financial risks. Prior to Pfizer, Kapfidze also previously served as Director of Economic and Capital Markets Research at Ally Financial and VP and Senior Economic Analyst at Bank of America.What are the new market trends you have forecasted for 2018? The impact of the recently passed tax plan will be a major wild card going into the new year. The items that were passed— changes to the mortgage interest and property tax deductions—are estimated to save the government $670 billion from 2018 to 2027 by the Joint Committee on Taxation. Fundamental financial-asset analysis would suggest that the present value is included in today’s home values, which total about $30 trillion. Although the final plan is not as transformational as the initial proposals, it will still have an impact. Combined with the increase in the standard deduction, it meaningfully lowers the tax incentives for homeownership and nudges that eternal question “should I rent or buy?” more towards renting. There are many divergent views on what this means for housing, which illustrates the degree of uncertainty. Two interesting examples follow.The American Enterprise Institute’s (AEI) Ed Pinto and Alex Brill are quite sanguine about the impacts, and posit that the housing market will be fine, even healthier. Pinto argues the housing market will add supply as builders focus on lower-priced homes when demand for high-priced homes falls. Brill points out that the mortgage deduction is not used by most borrowers and thus, the impact on home values will be minimal.The AEI researchers both have reasonable expectations of the long-term impacts of housing-related tax changes. The question is how do we get from here to there? Danial Alpert at Westwood Capital is concerned about this transition. He draws historical parallels to the tax reform of 1986, which arguably led to the savings and loan crisis. Alpert warns that the tax plan “will have deleterious effects on the disposable incomes of households in the regions of the country accounting for the bulk of mortgage and other debt that will make the cost of carrying real estate on an after-tax basis significantly greater.” He goes on to make the connection from lower real estate asset values to disruption in financial and capital markets, an occurrence that brings up recent memories for most of us.Many correctly point out that a large proportion of homeowners are not affected by these changes, and it’s a nonevent for the average homeowner. However, change in economic activity is driven at the margins; averages are just for measurement. The $670 billion can materially impact valuations in a small proportion of the housing stock, but could have economic effects beyond that. The GOP’s targeted strike at the blue states may come with a side of contagion and servicers may be among the first to see if borrowers become strained.What do these shifts predict for the future of the housing market? While I am concerned about the transition, ultimately reducing housing subsidies in their current form could be beneficial. The mortgage tax deduction is a regressive tax expenditure, as its value to the taxpayer increases with income. It’s also questionable whether it influences the homeownership level. So, while it would be better if it had not been implemented, caution is required in removing it.The reform would have been better if the savings were directed to supporting homeownership at the lower end of the scale. A first-time homebuyer’s tax credit would be beneficial as research has shown that down payments are major obstacles to homeownership. Further, homeownership is an important pathway to increasing financial security, something we value greatly at LendingTree.Recent research findings revealed that while home appreciation lags equity markets, having a home and mortgage essentially constitute a forced savings mechanism for many borrowers who simply would not have had the discipline to put away the money saved by renting on a monthly basis. We see the results in reverse mortgages where the borrowers often do not have significant capital market assets. These borrowers would not have had an asset to access for support in their retirement years without the ownership of their home.How do you feel potential homebuyers will react to the potential market fluctuations in 2018? Buyer sentiment is quite high amid a strong labor market. However, inventory will remain a challenge. I believe we will see buyers continue to work hard to give themselves an edge in the marketplace by ensuring they have financing in place when they house hunt. We have a metric that tracks such activity and have found that more borrowers look for loans before looking for a house in cities that have the tightest inventory and the biggest price increases.At what point would rising mortgage rates start to significantly dampen buyer demand? The Survey of Professional Forecasters, released quarterly by the Fed, includes expectations for 10-year treasury rates. These were too high for 14 of the past 17 years. I say this not to disparage the forecast, but as someone once said, “prediction is hard, especially about the future.” This year may be the year for higher rates, but certain factors mitigate the potential rate rise. Global rates matter—and they are still low. U.S. Treasury rates are not only influenced by the domestic economy but also by those in other developed markets. The U.S. recovery from the financial crisis has been stronger and faster than the other major developed markets, which are still working to keep rates low. Global investors view European and Japanese bonds as comparable safe haven assets to U.S. Treasurys; thus, their low interest rates influence U.S. Treasury rates, which influence mortgage rates. Rates are also quite low in historical terms, and even a 100-bps increase would leave them below the average rates of the housing bubble. That said should rates rise, it’s a pretty linear path to lower affordability and buying power.Reflecting on 2017, what housing trends do you think were the most notable? Home prices finally recovered the losses from the financial crisis. However, the aggregate numbers mask the dispersion when you look at more granular measures. The gains are concentrated on the coasts in the larger cities. Much of the middle of the country has not regained equity. This is a divergence evident in many other economic indicators reflective of the general increase in inequality in the country.Another change that I think went under the radar is the reduction in the ratio of mortgage interest payments to income. The Fed releases the financial obligations ratio. The mortgage debt service as a percent of disposable income fell to 4.44 percent in Q2, the lowest since 1980. So households are in good shape and are well placed to meet their mortgage obligations.Housing inventory, or lack thereof, has been continuous in the housing market. What do you foresee in the next year for the inventory narrative? More of the same, perhaps with a slight improvement. The tax bill could further dampen the propensity to move at the high-end as the reduction in the mortgage interest-deduction limit would grandfather outstanding loans. Thus, moving would entail incurring a new tax expense for some borrowers at the top end. However, that is a sector well-served by the homebuilding industry. In the broader market, new inventory should increase but is a fraction of existing inventory and not growing fast enough. The tax bill could be beneficial here as it’s likely improve builders’ margins. Wider margins could be particularly beneficial for inducing supply for lower-priced homes where potential buyers face the acutest supply constraints. Optimism amongst builders is at very high levels, all that remains is for the ‘hard data’ of actual activity to follow this ‘soft data.’There is a significant obstacle to the convergence of builder activity with sentiment. Although construction employment is trending upwards, it appears productivity is far lower. Residential construction payrolls are at the same level as 2002, yet we have 500,000 less housing starts. The same number of employees are seemingly producing far less homes. Could productivity really have declined this precipitously? This could be a measurement issue related to undocumented workers. The Pew Center estimates that the construction industry has the third highest rate of undocumented workers at 13 percent The regulatory environment could be making it more difficult to recruit these workers. Servicers Navigate the Post-Pandemic World 2 days ago Print This Post Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Previous: Helping Borrowers Understand Foreclosure Prevention Options Next: Housing Market 2018: Predicting What’s to Come Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Related Articles Tagged with: HOUSING lending tree.com mortgage Tax Reform tendayi kapfidze in Daily Dose, Featured, Government Home / Daily Dose / Ask the Economist: Tendayi Kapfidze Discusses Tax Reform’s Housing Impact Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Nicole Casperson Subscribe
75 positive cases of Covid confirmed in North Gardai continue to investigate Kilmacrennan fire RELATED ARTICLESMORE FROM AUTHOR Previous articleCouncillor frustrated at lack of garda action on Carrigans robberyNext articleHSE: No delays in services for those affected by Inishowen tragedy News Highland Twitter Google+ Unions are being called to a briefing at Letterkenny General Hospital on Thursday morning amidst concern that two wards may be closed in the coming weeks.Last evening, reports started circulating among staff that two wards would close from September 1st, elective surgery would be cancelled for the remainder of the year, and up to 100 workers on temporary contracts would be let go.Richie Carruthers of IMPACT says he’s not aware of any planned closures, and the protocol would be to tell the unions before making any announcements.He says whatever emerges at Thursday’s briefing, the unions will be fighting to maintain services and staffing levels:[podcast]http://www.highlandradio.com/wp-content/uploads/2010/07/27ritchie.mp3[/podcast] Pinterest Twitter Further drop in people receiving PUP in Donegal Facebook Google+ By News Highland – July 27, 2010 Speculation of ward closures and surgery cancellations at Letterkenny General Facebook WhatsApp Main Evening News, Sport and Obituaries Tuesday May 25th Pinterest WhatsApp Man arrested on suspicion of drugs and criminal property offences in Derry Newsx Adverts 365 additional cases of Covid-19 in Republic