Bank of America and Justice Department Negotiations Stall

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Bank of America and Justice Department Negotiations Stall The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Bank of America and Justice Department Negotiations Stall Bank of America The Justice Department 2014-06-11 Derek Templeton Derek Templeton is an attorney based in Dallas, Texas. He practices in the areas of real estate, financial services, and general corporate transactional law. His experience includes time as an Attorney Adviser for the U.S. Small Business Administration and as General Counsel for a nonprofit organization in Dallas. A self-avowed “policy junkie,” he has a keen interest in the effect that evolving federal policy has on the mortgage, default servicing, and greater housing industries. Demand Propels Home Prices Upward 2 days ago Previous: Job Growth Outpacing New Home Construction Next: Southern Nevada Home Prices Rebound in May Share Save Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img 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 in Daily Dose, Featured, Government, Headlines, Loss Mitigation, News About Author: Derek Templeton The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Ongoing settlement negotiations between Bank of America and the Justice Department to resolve an investigation into the bank’s role in the mortgage crisis reached a stalemate Monday as the government reportedly rejected the bank’s earlier $12 billion offer.Citing “people briefed on the matter,” the New York Times reported late Tuesday that the offer fell far short of the record $17 billion that prosecutors are seeking to resolve the state and federal investigations. Bank of America is seeking to continue negotiations while the government finishes readying its petition to file in federal court.The record settlement sought could signal a more aggressive stance from the Justice Department in resolving investigations into the events leading up to the mortgage crisis. The current record holder, JPMorgan Chase, reached a deal with prosecutors in 2013 for $13 billion, though the bank reportedly issued fewer securities in the run-up to the crash than BofA.According to the report, the deadlock seems to be centered upon two crucial issues: the amount of the settlement and the method of payment. BofA would like to minimize the cash penalty that is paid out and instead put the money towards consumer relief. While consumer relief will be a part of the settlement, the government is pushing for a larger cash payment that will be a meaningful deterrent rather than just the cost of doing business.For its part, BofA is torn between the competing interests in putting the mortgage crisis behind it and resisting penalties that it feels are overly punitive. The bank is resisting partly because of the pressure it says it felt from the Federal Reserve to go through with the purchase of Merrill Lynch in late 2008.Still, prosecutors contend that it is unclear if the bank would have been able to legally back out of the acquisition.Representatives for both the Justice Department and BofA did not immediately return requests for comment.  Print This Post June 11, 2014 1,131 Views Tagged with: Bank of America The Justice Department Subscribelast_img read more

Samaritans launch campaign to target those most at risk in Donegal

first_img News, Sport and Obituaries on Monday May 24th RELATED ARTICLESMORE FROM AUTHOR By News Highland – July 20, 2018 DL Debate – 24/05/21 Pinterest Previous articleMurray wins appeal to line out against DonegalNext articleEU must shift its stance on the Irish border – May News Highland AudioHomepage BannerNews Derry draw with Pats: Higgins & Thomson Reaction Harps come back to win in Waterford Samaritans has launched a new awareness campaign to target those most in need of emotional support across County Donegal.There were 20 deaths by suicide recorded in County Donegal in 2016, including 13 men and 7 women.Provisional figures from the Central Statistics Office show 12 people died by suicide in the county last year, with investigations continuing into other sudden deaths in the area.Samaritans Regional Director for Ireland Cindy O’Shea was speaking on today’s Nine til Noon Show:Audio Player Up/Down Arrow keys to increase or decrease volume. Samaritans launch campaign to target those most at risk in Donegal Facebookcenter_img WhatsApp Journey home will be easier – Paul Hegarty Google+ Pinterest Google+ Facebook Twitter WhatsApp FT Report: Derry City 2 St Pats 2 Twitterlast_img read more

Cutler Flea comes to Broome County Farmer’s Market

first_imgFounder and seller Mimi Sprage said the market is all about connecting people with the past, sometimes even their own. Sprage said the Cutler Flea will return on the second Sunday of each month and will be following all New York State guidelines to prevent the spread of COVID-19. Organizers say the flea market draws sellers from as far away as Albany and includes everything from silverware to antique doors and sports memorabilia. “The younger people aren’t as interested in antiques, but then somebody will come in and say, ‘Oh my grandmother had this,’ or ‘I remember this from my kitchen,’ or, ‘I loved this’ and they put it into their homes,” she said. TOWN OF DICKINSON (WBNG) — The Cutler Flea took over the Broome County Regional Farmer’s Market Sunday, and instead of fresh fruits and veggies, antiques were on sale. last_img read more

Despite heavy May frost, Russell Farms says there are plenty of apples for the picking

first_imgRussell says he hopes to see that trend continue all the way through the fall. Russell operates the farm with his family. He says this weekend so far has been much busier than usual. “We were in the city and during the pandemic it’s hard to get outside and do things. But here, there’s a lot more space and it’s perfect because you can do it social distance style,” he says. “These trees were basically encapsulated in about two inches of ice, that lasted for almost forty-eight hours, and I didn’t think we were going to have any apples,” he says. Russell says this apple picking season almost didn’t happen, and not because of the pandemic. A late season frost in mid-May had him worried the season was doomed. “We’ve got a lot of fruit so I think we can keep the U-pickers going,” he says. BRACKNEY, PA (WBNG) — Normally, Labor Day Weekend is a ‘soft opening’ for Russell Farms in Brackney, but this year owner Michael Russell says it was anything but soft. “My wife and I started it, my kids are now actively involved,” he says. “We have about a dozen varieties here. We started out with ginger golds, macs, honey crisps.”center_img If you plan to head out to the orchard, Russell says the family just asks that you wear a mask and practice social distancing. He says with all of the land at the orchard, spreading out should be no problem. One of those people looking for something to do was Alon Shaiber. He came with his wife and children to pick some apples after just recently moving to the area from New York City. “We wound up with a fabulous crop, I’m not sure how it happened but it happened and we’re blessed, and I’m thankful for that,” he said. “I think people just want to get out and are looking for something to do, especially at the close of summer when you almost feel cheated out of going to do what you wanted to do,” he says. He says much to his surprise and much to his relief, it turned out to be quite the opposite. Optimum weather conditions in the spring and summer made all the difference. Russell says it’s not just the apples that are more plentiful this year, but the customers too. He says orchards like his are rarely this busy this early. That part, he says, may have something to do with the impact of the pandemic. last_img read more

Markets accused of 2-tier

first_imgWith a threatened strike by grocery workers looming, a Los Angeles city panel called Tuesday for the industry to explain why the level and quality of stores and services vary widely throughout the city. Amid concern that poorer areas of Los Angeles have been discriminated against with lower-quality stores, City Councilman Herb Wesson called on the supermarket chains to detail how their location decisions have been made. “I am concerned, when I look at my district, at the lack of quality grocery stores or those that want to downgrade their services,” Wesson said. “It is time to have a discussion with them about this inappropriate behavior. We reached out to the grocery representatives and asked them to be here, but they refused.” Representatives of the stores did not return telephone calls. “Despite the promises that were made after the civil unrest, we still do not have the stores that are so desperately needed.” But the report also questioned claims by the supermarket industry that it has lost money in inner-city areas where it has opened stores. And Wesson said some stores also have been unwilling to invest in improvements to help boost quality and services. Council President Eric Garcetti said he has worked with some markets in poorer areas of his district and believes a model can be developed for other areas of the city. “We want to make this a win-win for residents and the industry as well,” Garcetti said. “But we have to encourage the industry to get away from this two-tiered system. “When they take away health care for the workers and their families, guess who pays for it? We do.” [email protected] (213) 978-0390 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Contract negotiations are continuing with Vons, Albertsons and Ralphs supermarkets, but members of the United Food and Commercial Workers union have authorized a strike if a deal cannot be reached. On Monday, the Los Angeles County Federation of Labor ratcheted up pressure by voting to boycott the stores and aid grocery workers if they decide to strike and are locked out by the supermarkets. Boosting pressure on the chains Tuesday, Wesson, chairman of the council’s Housing, Community and Economic Development Committee, praised a report by the Commission on the Los Angeles Grocery Industry that criticized a “two-tier” system of grocery services in Los Angeles that has led to fewer markets or lower quality in poorer areas of the city. The report by the volunteer panel said some areas of the city are “grocery deserts” due to a lack of service, contributing to health problems including obesity and diabetes. “Parts of Los Angeles are treated like a second-class city,” said the Rev. Norman Johnson of First New Christian Fellowship Missionary Baptist Church and head of the panel. last_img read more

Stupid Evolution Quote of the Week: Better Living Through Chemistry

first_imgJoel Achenbach (Washington Post) got a page in the March 2006 National Geographic.  His short piece on chemical evolution was juxtaposed (whether intentionally or not we do not know) against a news item on archaeology announcing the discovery of a new Dead Sea Scroll – the first found in 40 years – a fragment from Leviticus 23 on priestly ordinances for feasts and solemn assemblies unto the Lord.  Achenbach’s page could hardly contrast more starkly.  It is entitled, “The Origin of Life… Through Chemistry.”  For Achenbach, the Pentateuch is clearly not a contender as a source of answers to the big questions:The emergence of life on Earth is on a short list of the biggest unknowns in science.  Did life begin in a small, warm pond at the edge of a primordial sea, as Charles Darwin speculated?  Or deep beneath that sea, around one of the burbling hydrothermal vents first seen in the 1970s?  And never mind the where: What was it, this initial germ of life?  Was it a cell?  A replicating molecule?   (Emphasis added in all quotes.)By implication, only naturalistic, unguided explanations need apply.  Achenbach spent the page promoting the view of Harold Morowitz, Eric Smith and Robert Hazen that life originated not with a cell, RNA or DNA, but rather via metabolism – some self-perpetuating chemical cycle that needed no cell to grow and evolve.  Even though he admits this is a very controversial idea (and fails to mention it begs the question how a cell or genetic code could have co-opted a metabolic cycle to become a living cell), it didn’t stop him from launching into opinions about education, creationism, and the long philosophical debate over free will vs. determinism:This is probably not what opponents of the teaching of evolution want to hear, but it seems that a kind of molecular natural selection applies even to the world of geochemistry.  Some types of molecular chains outcompeted [sic] other molecular chains for the planet’s resources, and gradually they led to [sic] the kind of molecules that life depends upon—and all this before the first living thing oozed forth [sic].  Many scientists say that life wasn’t a freak accident at all, but the likely outcome of the interaction of the molecules and minerals of the Earth.  “Life is an elaboration of something very simple,” says Smith.  “It looks easy and inevitable.”Hazen’s new book adapts the Biblical creation title, Ge•ne•sis, but with no spirit of God hovering over the surface of the waters.  Hazen emphasizes the idea of “emergence,” i.e., that “From simple beginnings, complexity can emerge.”  An example cited is that consciousness emerges from the collective activity of individual neurons.  Then comes Achenbach’s winning entry:All of this is sure to be a matter of contentious debate for a long time.  But ours would not be so interesting a world if its ultimate secrets were easily discovered. It took us four billion years to evolve to a point where we could even begin the search. The cartoon illustration shows molecules combining, emerging upward, till one breaches the surface and looks like a rising sun, its beams spreading gloriously into a new sky.    Achenbach’s entry is equaled or perhaps surpassed by a quote from James Shreeve in the article on DNA and human migration (p. 63): “What accounts for the ancient wanderlust?  Perhaps some kind of neurological mutation led to spoken language and made our ancestors fully modern, setting a small band on course to colonize the world.”Achenbach’s page should be ridiculed, scoffed at, deplored and castigated on scientific grounds, let alone on grounds of philosophy, theology, or history.  Why is there no rebuttal?  Why do stupid ideas get free press in NG and most other pop-sci rags, even when any educated science writer should be aware of the extreme implausibility of the whole scenario?  Any kind of metabolic cycle that consumes all available resources is not going any further, even if geochemists find one (don’t hold your breath).  A chemical cycle is not a perpetual motion machine, and natural selection cannot be invoked for a system that does not yield progeny able to mutate.  Furthermore, it is virtually impossible that a genetic molecule would ever arise with a code matching this chemical cycle, let alone incorporate it into a membrane and discover the art of complete automated self-replication, even if it “wanted” to (which is against materialist rules to even imagine).    “Emergence” is one of those miracle words in the naturalist dictionary.  Hazen talks glowingly about emergence in his lectures, but the examples he gives are really lame.  For inorganic processes, are you impressed by wave patterns in sand?.  All his examples in the living world, whether internet commerce or neurons producing consciousness, involve intelligence, or else logically beg the question whether naturalistic processes could have produced them.  In short, the whole theory of metabolism-first origin of life is fraught with extremely serious scientific and conceptual challenges.  The little bit of chemistry lab work done in support of it is irrelevant, because it is done under highly controlled conditions by intelligent design.  Metabolism-first is a fringe opinion among evolutionists themselves.  Its popularizers are in no position to start lecturing about determinism, human consciousness and the meaning of life.  We trust that any explanation of why the quote above wins SEQOTW is superfluous for our highly perceptive and intelligent readership.    Scientific materialism became a fad in Germany in the mid-1800s.  Ludwig Feuerbach popularized the term “you are what you eat.”  Karl Vogt, Jakob Moleschott and Ludwig Büchner formed an “unholy trinity” of scientific materialists who promoted, with religious fervor, a radically naturalistic view of a universe consisting of nothing more than molecules in motion.  Their materialism was absolute and positivistic.  It included human rationality: Vogt wrote that “thoughts stand in the same relation to the brain as gall does to the liver and urine to the kidneys.”  They built their materialistic house on the assumptions that (1) life was simple (just one more natural arrangement of matter) and (2) natural laws in a clockwork universe rendered a Creator obsolete.  They also worked to promote a new view of scientific practice – methodological naturalism – i.e., working as if scientific materialism is true.  Like today’s evolutionary evangelists, they demanded surrender of all of philosophy and the humanities.  Worth noting, each of these men hated Christianity.  By young adulthood, having become enthralled by scientific laws, each went on a crusade to replace all religion with a “scientific” view of the world.  It was time, they preached, for mankind to grow up and get real.  Science had taught us to jettison all “superstitions” about God and a spiritual realm.  The only thing that existed was matter, obeying Newtonian-style force laws.  Mind was just an artifact, an “emergent property” of matter, a secretion of the brain.  (Historians note: Karl Marx was also caught up in this materialistic euphoria.)    The science that fueled 19th century materialism can no longer hold up.  We know much more now about the fine-tuning of the universe and the extreme complexity of life.  We have discovered that living cells are not just bags of molecules obeying force laws, but programmed factories of molecular machines with incredibly rich libraries of coded information.  Though mind is clearly influenced by the brain, scientists still struggle to reduce consciousness and rationality to mere neurons.  Natural laws expressible in equations, the Newtonian dream of the materialists, have proved elusive in biology.  The “clockwork universe” of Laplace has given way to a statistical world, with uncertainties residing in the basic units of matter.  We have learned that positivism is self-refuting.  The hope of eternal progress has turned to vanity.  The vision of an eternal, steady state universe has been replaced by one with a sudden beginning and a slow, ignominious end.    Notice that their assumptions and anti-religious sentiments preceded their “scientific” writings and popularizations of materialism.  The same assumptions and motivations still drive today’s evolutionary-science community, even though their castle was built on an obsolete early-19th-century conception of the world.  Meanwhile, the enforcement of methodological naturalism that came to dominate scientific practice after Darwin ensures they will never escape from their bonds.    The present crop of scientific materialists, with their evident optimism and confidence in the eventual success of origin-of-life studies, should consider the bitter end of their path.  They should ponder the fact that depression afflicted many of the early scientific materialists.1  Büchner, the symbolic leader of the scientific materialism movement, expressed his personal feelings years after the publication of his immensely popular and influential materialistic gospel, Force and Matter.  His pessimistic conclusions must necessarily follow if Ge•ne•sis rather than Genesis is the true history of the world.  Extremely depressed and nearly suicidal, Büchner wrote under a pseudonym what he felt about life around the same time he was confidently preaching materialism in his book.  He reflected, “We are like dogs on a treadmill.  The glowing irons of life prod us to restless running without goal, until we fall dead from exhaustion in the grave we have made for ourselves.”2(Visited 46 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

Blackboard Africa is changing the views of African youth

first_imgTwo young women from Gauteng were prompted to create Blackboard Africa by the negative portrayal of young Africans. Their goals include inspiring youth through different forms of art and sharing the experiences of Africans.Zingisa Socikwa and Amonge Sinxoto of Blackboard Africa host events such as history talks, artists’ evenings, young art exhibitions, book club meet-ups and youth workshops. These events are a platform for African youth to speak to their peers and get guidance from mentors. (Images supplied)Melissa JavanTwo young women from Gauteng created the social movement Blackboard Africa to changes the perceptions of black youth to a positive narrative.Through live events and its social media platforms, this initiative is a platform for African youth to find and freely express their voices about the past, present and future, say its founders.They are 15-year-old Amonge Sinxoto, a Grade 11 learner, and her cousin, Zingisa Socikwa (21), a film student. The two explain that they were not happy with the conversations their peers were having regarding the image of the black girl.“We want to redefine and model how people in the world view our African identity and move away from negative, preconceived, colonial settings,” says Amonge. “Blackboard seeks to paint a beautiful picture on a clean blackboard through the eyes of the vibrant youth.”Their vision of Blackboard is a place to share ideas, she adds. “[We want to] intrigue our creative appetites through literature, music, drama, spoken word, art and sharing of beautiful stories.”The meaning behind Blackboard Africa“We called our movement Blackboard because it carries a timeless metaphor that we want all young Africans to remember,” says Amonge.“We are black and made of hardened material but at the same time we are smooth and soft. We have been written onto by society ‘the white chalk’ since the beginning of time.“Blackboard is about us erasing all of that and being the ones to portray ourselves in the way in which we feel we need to be portrayed.”How it startedThe cousins saw the need for this movement on hearing a disturbing conversation by teenage boys about black girls, she said.Such conversations were doing the rounds and gaining popularity in schools across Johannesburg. “It led to some heated exchanges of differing perspectives from young people as they shared hair-raising arguments with interactive text and voice notes in their group chats.”She and Socikwa were surprised at how beauty, intellect, strength and esteem were perceived in these conversations. “It was rather appalling to see how black girls are increasingly being viewed in a strange and distasteful manner in our society.”“Similarly, we see that popular culture and media has played a critical influence in defining what the ideals and model characteristics of a perfect girl should be,” Amonge said.The founders of Blackboard Africa, Amonge Sinxoto (left) and Zingisa Socikwa. Amonge says they hope to inspire youth with ideas from a fresh perspective while maintaining a clear view of the mixed memories of our past.The eventsBlackboard was a collaborative project, Amonge said. “[This is] so we can try to get people in our immediate access to share their experiences and stories.”For example, the Blackboard Africa team organises events where youth can engage with each other on various topics and share their experiences. Already this year, the group has held the Big Sister Little Sister x Big Brother Little Brother conversation.It was hosted in collaboration with another initiative, The theme was about “the things we wish our mothers had told us about love and relationships”.Six panellists discussed a variety of relationships such as individuals in a romantic relationship, friendship between males and friendship between females. “[It] really opened the floor to a discussion that everyone could relate to,” said Amonge.The second event hosted this year was the launch of Blackboard Books, an interactive book club for the youth. “The novel we discussed was Coconut by Kopano Matlwa and the topic of conversation was identity.“We had the three panellists, including author Niq Mhlongo and television and radio host Penny Lebeyane.”Blackboard is planning more events, including something special for June, which is Youth Month in South Africa.Featured storiesOn the Blackboard Africa website, stories of people such as Zoe Modiga are told. Modiga talks about her musical journey. She is also asked what she would tell her 15-year-old self.Cuma Pantshwa, an HDI Youth Marketeer, is also profiled. She talks about working with youth. Besides learning about her background, you also hear what excites her about being a woman of colour. HDI Youth Marketeers helps brands and organisations connect with youth and families, through schools, malls, communities and digital playgrounds of urban, peri-urban and rural South Africa. HDI is part of global marketing and advertising group TBWA.Amonge said they profiled several people on their site, each of whom was seen as inspiring. These people were not necessarily celebrated in the mainstream media. “[They are] women and men we can look up to and would like to celebrate.“We also feature amazing young talent from the continent that are history-makers who are changing the narrative in their respective industries,” she explained.“We try to get a thorough understanding of the individuals we feature to make sure that they affiliate with what we are trying to do with the youth.”Blackboard has a variety of contributors who send in content from opinion pieces to poetry. “We also have a monthly feature called Phenomenal Black Woman in which we interview women in different industries.“[This is] to give some insight to our readers about the various industries and the black woman within them.”HighlightsIt had been encouraging that people wanted to join Blackboard and contribute in any way possible, Amonge said. “The team and movement are growing.“We have different committees from community projects, to book clubs, to art and culture committees, to the actual writing.”Would you like to use this article in your publication or on your website? See Using Brand South Africa materiallast_img read more