Author: Admin

Sunday, August 5, 2012

The following is the ninth in a monthly series chronicling the U.S. 2012 presidential election. It features original material compiled throughout the previous month after a brief mention of some of the month’s biggest stories.

In this month’s edition on the campaign trail: the rules of third party candidate polling are examined, a third party activist causes four other parties to lose their place on the Illinois presidential ballot, and the new vice presidential nominee of the Justice Party speaks with Wikinews.

Thursday, January 8, 2009

Actor Matt Smith will be the next to portray the Doctor on the BBC television program Doctor Who. Smith will be the eleventh incarnation of the Doctor, taking over from actor David Tennant who will end his time with the series after filming four editions of the program through 2009. The Doctor comes from a race of Timelords, and has the ability to “regenerate” and change appearance when his health is failing. William Hartnell was the first actor to play the Doctor, from 1963–1966. Smith will become the new occupant of the Doctor’s time machine and spacecraft the “TARDIS” in 2010.

John Harper, founder of the Scarborough and Ryedale Astronomical Society and a fan of the series, called the decision to cast 26-year-old Smith in the role “wonderful”. MP for Scarborough Robert Goodwill, also a fan of the program, told the Scarborough Evening News: “David Tennant will be a very hard act to follow, but I’m optimistic that the new Doctor will be just as good.”

Matt Smith, 26, portrayed researcher Danny Foster on the political drama Party Animals, which aired on BBC Two in 2007. Fellow actor Andrew Buchan from Party Animals told The Guardian: “It’s a sublime bit of casting. He’s got that huge hair, a twinkle in his eye — Matt’s the king of geek chic. He is possibly going to be one of the best Doctors we’ve ever had.”

After a back injury got in the way of Smith’s goal of becoming a footballer, his drama teacher Jerry Hardingham at Northampton School for Boys encouraged him to pursue acting. Though Smith did not audition, Hardingham cast him in a school production of the play Twelve Angry Men. Hardingham later convinced Smith to join the National Youth Theatre, and he landed the lead role in the play Murder in the Cathedral, performing before members of the British Royal Family and other VIPs at the Westminster Cathedral.

David Tennant, 37, has portrayed the Doctor on Doctor Who since taking over for Christopher Eccleston in 2005. A major feature of his character’s stories involved a romantic interest in his companion in the TARDIS, Rose, played by actress Billie Piper.

Tennant announced his exit from the program on October 29, 2008, at the National Television Awards in the United Kingdom, during his speech accepting the outstanding drama performance award at the program. Doctor Who was recognized with the award for most popular drama program.

“I love this part, and I love this show so much that if I don’t take a deep breath and move on now I never will, and you’ll be wheeling me out of the Tardis in my bath chair,” said Tennant in his address to the audience in attendance at the Royal Albert Hall. He was previously recognized at the National Television Awards for his role in Doctor Who with the award for most popular actor, in 2006 and 2007.

Tennant is currently performing the lead role in Hamlet with the Royal Shakespeare Company, and his engagement at the Novello Theatre in Westminster, London is set to end on January 10. He portrayed Hamlet 60 times with the Royal Shakespeare Company in Stratford-upon-Avon prior to the production’s move to London.

Wednesday, November 22, 2006

Yesterday, Pierre Gemayel was shot in his car and was declared dead at the hospital. He was the Lebanese industry minister.

Today, his corpse was driven into his native town of Bikfaya followed by thousand of people mourning him.He is the fifth personality assassinated in Lebanon in one year and the fifth of the Gemayel’s family according to his father, former president Amin Gemayel.

One week ago, Samir Geagea, the commander in chief of the Lebanese Forces, announced rumor of assassination of one minister.

The funeral of Pierre Gemayel will be held tomorrow in the cathedral of Beirut.

According to the White House National Security Council spokesman, President Bush, having expressed his condolences to Lebanon’s Prime Minister Fouad Siniora, affirmed “the unwavering commitment of the United States to help build Lebanese democracy, and to support Lebanese independence from the encroachments of Iran and Syria.”

Thursday, September 20, 2007

Brooklyn Borough Hall featured a Who’s Who in New York’s literary community during the second annual Brooklyn Book Festival. According to Brooklyn Borough President Marty Markowitz, the borough’s zip code 11215 boasts more authors than anywhere else in the country. It appeared to be the case on Sunday. More than 100 authors were featured at the day-long event, including The Basketball Diaries writer Jim Carroll, former M*A*S*H star Mike Farrell, author and illustrator Mo Willems, Jack Kerouac‘s sometime lover and National Book Critics Circle Award recipient Joyce Johnson and PEN American Center President Francine Prose.

This year’s festival made use of Saint Francis College and the Brooklyn Historical Society to accommodate the big jump over last year’s 70 authors in participation to 115 this year. Although there is no official way to keep track of the numbers of attendees, Borough Hall officials estimated between 15,000 and 20,000 people attended.

Markowitz spoke with NY1‘s Inside City Hall host Dominic Carter, who shared stories of his childhood abuse. A lone protester from Develop Don’t Destroy, the group against the development of Brooklyn’s Atlantic Yards, held up a sign decrying Markowitz’s support for the project.

A highlight of the festival was recent Heinz Family Foundation award recipient Dave Eggers discussing with Nigerian poet Chris Abani a slide show of Eggers’s trip to Marial Bai, Sudan. Eggers wrote a fictional account of the life of Valentino Achak Deng, one of the Lost Boys of Sudan. The book, What Is the What, was a critical success.

One of the featured panels on “soon-to-be-published works of groundbreaking authors” that included Jim Carroll, The Women of Brewster Place author Gloria Naylor and playwright and music journalist Joe Meno, ran into problems. The panel was the final program and started half an hour late. Naylor failed to show, reportedly due to a death in the family. In the middle of Carroll’s presentation he was asked to stop speaking so they could close the courtroom where the event was held in the Borough Hall. Carroll was visibly upset. He asked the audience if they wanted to hear one song, to which they enthusiastically cheered until the festival organizers cut off his microphone to keep to a schedule that required they vacate the premises by a certain time.

Steven Carter and Bernice McFadden also failed to attend; McFadden stated on her blog that she came down with a stomach illness. The Brooklyn Book Festival had no comment.

Sunday, July 5, 2009

The United Kingdom’s Serious Fraud Office is to launch an investigation into the collapse of car manufacturer MG Rover. The move follows the conclusion of a four-year enquiry started immediately after the firm became insolvent.

The group of four who owned MG Rover — John Towers, Nick Stephenson, Peter Beale and John Edwards — have been accused of asset stripping. The quartet, known as the Phoenix Four, paid a symbolic £10 (approximately €15) for Rover in 2000. At that time the company received an interest-free loan from former owner BMW for £427 million (approximately €700 million) and came with a large amount of unsold stock.

Between then and Rover’s April 2005 bankruptcy, by which time there were unpaid debts of £1 billion (approximately €1.5 billion), the Phoenix Four had removed an estimated £40 million worth of assets including pensions and salaries. An enquiry was launched by ministers that was expected to take a year, but the final report was not delivered to business secretary Lord Mandelson until three weeks ago.

The government used taxpayer’s money to fund a £6 million loan to MG Rover and attempted to negotiate a deal with a Chinese company, but these efforts failed. MG Rover’s collapse caused the loss of an estimated 15,000 jobs, including with various suppliers. A former MG Rover factory does still build a small number of MG sports cars in Longbridge by Shanghai Automotive Industry Corporation, who bought most of the designs.

The Phoenix Four released a statement criticising the criminal investigation. “There has never been any suggestion of improper conduct by the directors and this was confirmed in a report by the administrators PWC six months after they took over the running of the company. Four years on, any suggestion [of] another further investigation is frankly ridiculous and smacks of kicking this issue into the long grass. If the government has been so concerned to get to the heart of the matter why has it flatly refused more than 30 requests under the Freedom of Information Act which would have revealed correspondence and documents the directors believe would have shed some light on the government’s role in the affair?”

Saturday, July 16, 2005

A General in the Chinese People’s Liberation Army (PLA) and dean at the National Defense University in China commented to visiting Hong Kong reporters on Friday that the PLA might use nuclear weapons against the U.S., in a conflict over the Taiwan Strait. “If the Americans draw their missiles and position-guided ammunition onto the target zone on China’s territory, I think we will have to respond with nuclear weapons,” Maj. Gen. Zhu Chenghu said to the reporters of the Asian Wall Street Journal and the Financial Times. “We Chinese will prepare ourselves for the destruction of all of the cities east of Xian [in central China]. Of course the Americans will have to be prepared that hundreds … of cities will be destroyed by the Chinese.”

U.S. State Department spokesman Sean McCormack called the remarks “highly irresponsible” and “unfortunate”, and expressed the hope that they did not reflect the views of the Chinese government.

Echoing the official Xinhua News Agency, the People’s Republic of China’s Foreign Ministry officials said that Zhu was expressing personal views, and had warned the reporters accordingly, but stated that China would never tolerate “Taiwan independence”. Reportedly, Maj. Gen. Zhu is not directly involved in the formulation of Chinese military strategy.

The U.S. may defend Taiwan under the Taiwan Relations Act and is currently Taiwan’s largest arms supplier.

Thursday, October 3, 2013

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

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

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

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

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

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

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

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

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

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

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

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

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

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