Which Cities are Prepared for Recession?

first_img Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Home Prices mortgage Recession Governmental Measures Target Expanded Access to Affordable Housing 2 days ago While many of the 25 largest cities in the U.S. would be able to weather a recession similar to the 2008 recession, two may not be well prepared, according to Moody’s Investors Services. Moody’s rated six of the 25 cities as “stronger” relatively when it comes to recession preparation, Chicago and Detroit scored “weaker.”Meanwhile, Boston, Charlotte, Denver, San Antonio, San Francisco and Seattle scored “stronger.””A majority of local governments have used the broad economic expansion of the past decade to strengthen their finances,” says Nicole Serrano, a Moody’s VP-Senior Analyst. “Additionally, they have been able to keep their debt and related fixed costs in check.”Detroit, Moody’s notes, has taken considerable steps to improve since 2013, but there is still more to do.“Detroit has taken steps to prepare for a potential downturn: establishing an irrevocable trust to smooth spikes in pension contributions, developing a capital improvement plan that identifies a variety of sources to finance capital investments, and continuing to increase its already strong reserves,” Moody’s researchers stated. “If these trends continue, Detroit’s overall preparedness for a future recession will be more in line with major city peers.”Additionally, Detroit is seeing home prices increase. Jeanette Schneider, VP of Management Services for RE/MAX of Southeastern Michigan states that “Detroit home values are seeing dramatic increases over last year.”“During the first half of the year, the median price for a home in the city of Detroit increased more than 20%,” Schneider said. “Driving the increase in home values is the demand for Detroit housing.”“While some neighborhoods have seen skyrocketing prices, there are still affordable communities that offer the brick homes that people desire at affordable prices,” she added.Detroit has recently seen significant investment from not only small investors, but large investors as well. Bank of America has announced that it will be investing $3 million in Detroit neighborhoods aimed at helping homeowners and small-business entrepreneurs, as well as another $2.5 million in support of Detroit’s neighborhoods. January 7, 2020 1,394 Views Share Save Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Which Cities are Prepared for Recession? Home Prices mortgage Recession 2020-01-07 Seth Welborn  Print This Post Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. center_img Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Seth Welborn The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Supreme Court Looks at Applicability of Contempt Sanctions in Bankruptcy Next: HUD: Affirmatively Furthering Fair Housing Rule ‘Ineffective’ Sign up for DS News Daily in Daily Dose, Featured, Market Studies, News The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Which Cities are Prepared for Recession?last_img read more

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City Reminding Property Owners to Shovel Their Sidewalks

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisAlpena- The city of Alpena is reminding it’s residents to shovel their sidewalks and keep them clear. City ordinances require residents to keep their sidewalks clean.Shoveling is expected 24-48 hours after a snowfall. The city will hang green door hanger at your door if you action is needed. If you have questions or comments, you can contact the city at 989-354-1761.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisContinue ReadingPrevious Alcona Elementary Use Chromebooks and More to Learn in the ClassroomNext U.S Senator Debbie Stabenow Announces Legislation to Improve Veterans Health Carelast_img read more

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Sailing legend Dalling passes away

first_img9 July 2008South African Bruce Dalling, winner on handicap of the 1968 Transatlantic Single-Handed Yacht Race sailed between Plymouth, England and Newport, Rhode Island, died in Howick in the KwaZulu-Natal midlands on Monday at the age of 69.Dalling’s win, which included him crossing the finishing line behind only Geoffrey Williams on Sir Thomas Lipton, was achieved on Voortrekker, probably the most famous name in the history of South African sailing.The boat, a 49-foot kvetch, designed by Ricus van der Stadt and specially built by Thesens of Knysna, was sponsored by the Rembrandt group of companies. Dalling had been chosen from 40 applicants to represent South Africa by the Springbok Ocean Racing Trust.National heroHis success in the race turned him into a national hero and sparked massive interesting in sailing in South Africa. It also provided the spark for the formation of the Cape to Rio Yacht Race – the longest ocean race in the southern hemisphere.While South Africa celebrated Dalling’s success, Admiral H.H. Biermann made the first recorded suggestion of South Africa organizing an ocean race, either to Australia or South America, at a function in Cape Town. His idea proceeded to grow at an astounding rate.The Springbok Ocean Racing Trust changed its name to the South African Ocean Racing Trust and immediately sprang into action. In co-operation with Clube de Rio de Janeiro, the race was organised in conjunction with the Cruising Association of South Africa (CASA) for 1971, at a date which would allow the finish to coincide with Carnival time.EntriesBetween 10 and 15 entries were expected, but that number was far exceeded as the race was embraced with enthusiasm, both at home and abroad.Entries poured in, including from Australia, Britain, Canada, Denmark, France, Germany, Hong Kong, Italy, Mozambique, Mauritius and the United States. There were 69 entries in all, of which 59 ultimately crossed the starting line with 421 people on board the boats.Dalling skippered Jakaranda, which was expected to lead the South African challenge. Unfortunately she sheared a main rudder post early in the race and her chance of winning was done.The 3 600 nautical mile race has been raced 11 times since 1971 and is Dalling’s lasting legacy.ModestDespite his successes as top sailor, Dalling was a remarkably modest man, who was loath to speak about his achievements, which were about far more than sailing alone.He studied agriculture and law and later practiced as an advocate in Pietermaritzburg. Due to ill health he gave that up and became a lecturer at the University of Natal.Later he took up farming, but continued to serve as an assessor in High Court cases.Dalling leaves behind his wife, Carol, a son, William, and two daughters, Kerry and Kathy.The South Atlantic RaceThe ocean race he inspired, the Cape to Rio, has become the South Atlantic Yacht Race as it has from time to time changed its destination to also include Punta del Este in Uruguay and Salvador in Brazil.It next takes place in January 2009 from Cape Town to Bahia (Salvador).Would you like to use this article in your publicationor on your website?See: Using SAinfo materiallast_img read more

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Tips for Using the Adobe Premiere Pro Project Manager

first_imgNew Trimmed Project in Premiere ProWhen it’s time to archive your Premiere Pro project you can use the Project Manager to create a clean “trimmed version” of it.  The trimmed version will remove all unused footage so that the new version only includes the media elements that were actually included in the video(s).Since we are trimming the media we’ll want to include handles on each clip (this adds time before and after each clip in the timeline).  I generally make my handles 2-3 seconds, so that I can go back and make trimming changes or add new transitions if necessary.  Although trimming will take out the majority of the footage that didn’t make it in the final videos, handles are useful  for giving you that little bit of “wiggle room” in case you need it later on.Click “Calculate” to see what the size of the trimmed project/media will be.Click “Browse” to set a destination and then click “OK”.‘Gotchas’ with Premiere’s Project ManagerThere are a few things to be aware of when trimming projects using the Premiere Pro Project Manager:You can’t trim Long GOP footage like H.264 or MXF.  You would need to transcode this footage to another format like Pro Res to trim it using Project Manager.Footage in a multicam sequence will not be trimmed (because it is nested into another sequence).After Effects compositions using Dynamic Link will not be moved using the Project Manager.  You have to manually do this.Need additional help?  You can read more about the Premiere Pro Project Manger on Adobe’s help page. Use Premiere Pro’s Project Manager to move/archive your projects without breaking connections and getting offline error messages.  It’s not a sexy topic, but it is important!Use Premiere Pro’s Project Manager when you are copying or trimming (removing unused files) your project. If you move the project and the media separately you will break the link and have to reconnect them.  You can run into additional problems if media isn’t reconnected properly or some files go astray.  The Project Manager serves to simplify this process.Moving Files in Premiere ProHere’s a typical editing scenario: You want to collect your project and media files and copy them to a new location, such as an external hard drive.  This is especially useful if you’re planning on editing off-site or need to share a project with another editor.From the Project menu select Project Manager.Under Resulting Project select Collect Files and Copy to New Location.Uncheck Exclude Unused Clips since we want to move all the files.Leave Include Preview Files (rendered effects) & Audio Conform Files checked.Check Rename Media Files to Match Clip Names when you have renamed your clips in the Project.Click the Browse button to choose a location to copy the files/project to. Then click OK.  The media and project are then copied to the specified destination.  Much more tidy than dragging files around your computer!last_img read more

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Waning iPhone demand highlights consumer anxiety in China

first_imgBEIJING — Apple’s $1,000 iPhone is a tough sell to Chinese consumers jittery over an economic slump and the trade war with Washington.CEO Tim Cook told shareholders Wednesday that iPhone demand is waning, mainly in China. That makes the tech giant the latest global company grappling with Chinese consumer anxiety.Other brand names from Ford Motor Co. to jeweler Tiffany & Co. already have reported abrupt declines in sales to Chinese consumers.China’s 2018 economic growth is forecast at about 6.5 per cent. But China’s tariff fight with the U.S. and tumbling auto and real estate sales are undermining consumer confidence.The spending slump in the world’s second-largest economy is a blow to global industries from autos to designer clothing that are counting on China to drive revenue growth.Joe McDonald, The Associated Presslast_img read more

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Fort St John Canada Post employees join rotating strike

first_imgCanada Post said Monday that the backlog of mail and parcels is “severe” and expected to “worsen significantly” once online orders from Black Friday and Cyber Monday sales are processed.In a statement, the post office said it is experiencing delivery delays across the country and that’s expected to continue throughout the holiday season and into January.The union wants better pay and job security, guaranteed hours for its 8,000 rural and suburban carriers, and equality for those workers with the corporation’s 42,000 urban employees.CUPW also wants Canada Post to adopt rules that it says would cut down on workplace injuries — an issue the union has said is now at a “crisis” level. UPDATE – Workers are back to work following the Senate vote.FORT ST. JOHN, B.C. – Canada Post employees in Fort St. John have joined the rotating strike after the Senate voted in favour of back to work legislation.With the vote Monday night, mail service is supposed to resume at noon Tuesday.  Royal assent was granted late Monday shortly after senators approved Bill C-89 by a vote of 53-25. Four senators abstained. Under the new legislation, the union said postal workers will be forced to go back to work under the old collective agreement, which it asserted would result in at least 315 disabling injuries and thousands of hours of forced, unpaid overtime.The previous Conservative government forced an end to a lockout of postal workers during a 2011 dispute by enacting back-to-work legislation, which was later declared by a court to be unconstitutional.But the Liberal government argues Bill C-89 is different, in that it does not impose immediate outcomes affecting postal contracts.Whereas the 2011 bill imposed a settlement that favoured Canada Post, the current legislation would give a mediator-arbitrator appointed by the government 90 days to try and reach contract settlements. Failing that, a settlement could be imposed either through a decision from the arbitrator or by choosing from one of the final proposals put forward by Canada Post or CUPW.(THE CANADIAN PRESS) The government had deemed passage of the bill to be urgent due to the economic impact of continued mail disruptions during the busy holiday season. It rushed the bill through the House of Commons last week. The Canadian Union of Postal Workers issued a statement declaring that it is “exploring all options to fight the back-to-work legislation.”“Postal workers are rightly dismayed and outraged,” said CUPW national president Mike Palecek. “This law violates our right to free collective bargaining under the Charter of Rights and Freedoms.”Some senators — independents, Liberal independents and even some Conservatives — agreed with that assessment and voted against the bill.But the majority either disagreed or concluded that it’s up to the courts, not senators, to rule on constitutionality.Negotiations have been underway for nearly a year, but the dispute escalated more recently when CUPW members launched rotating strikes Oct. 22.last_img read more

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Update on the event in Grande Prairie in the Countryside South neighbourhood

first_imgGRANDE PRAIRIE, B.C. – Update on the RCMP event on 65 Avenue in the Countryside South neighbourhood.On Monday, December 31, 2018, at approximately 1:48 AM Grande Prairie RCMP were called to a disturbance at a residence in the area of Countryside South. A male was believed to be armed and barricaded.RCMP attended with Police Dog Services and the RCMP Emergency Response Team. One male was arrested without further incident. Charges are pending and an update will be provided as more information becomes available.Police remain on the scene but traffic flow has returned to normal.RCMP would like to thank the public for their cooperation as this situation unfolded.For more information on this story CLICK HERElast_img read more

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Charlie Lake Fire Department called out for Carbon Monoxide Alarm

first_imgAccording to Payette when the gas person attended their home the following day to turn the gas back on they shared, a vacuum had been created in the home by having the portable a/c unit running with the windows closed, which sucked the exhaust from the hot water heater.Payette said, “We are safe and so are the dogs, at least we know our carbon monoxide detectors work.” Dania goes on to say they were smelling all around the dryer and the hot water when all the alarms in the house started blaring a carbon monoxide warning. “I was starting to feel a little light headed so we immediately went outside and called 911,” said Payette.Upon arrival, the firefighters used monitors to located the cause of the alarm, shut down the gas to the structure, and continued to vent.“The fire department arrived very quickly and had us move across the street for safety,” said Payette “They suited up and went in and the carbon monoxide readings they were getting were pretty high at 50-51 (I don’t know what kind of unit of measurement they use).”The Charlie Lake Fire Department firefighters cleared the scene once the monitor met a zero reading.10 firefighters were on scene, along with Engine 1, Tender 2, and Squad 1, and Rescue.Payette shares, the firefighters opened all the windows and set up fans. “The Fire Chief was so kind and informative as were all of the firefighters. We can’t thank them enough,” said Payette. CHARLIE LAKE, B.C. – On May 27th, 2019, the Charlie Lake Fire Department was paged out at 5:53 pm to respond to a carbon monoxide alarm.Photo by PayetteDania and her husband Greg Payette were cleaning their home and doing laundry when Dania started to smell a weird smell in their laundry room. She shares she thought it was the marinade from the jerky Greg was making but that wasn’t it.last_img read more

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Kohli is positive despite loss

first_imgChennai: It was a start that Royal Challengers Bangalore (RCB) skipper Virat Kohli would like to forget as his team was thrashed by seven wickets by defending champions Chennai Super Kings (CSK) in the season opening game of the 12th edition of the Indian Premier League (IPL) here. But trying to remain positive despite the result on Saturday, Kohli said that it was good to get a loss like this out of the way early in the tournament. Having scored just 70 runs after losing the toss and batting first, Kohli’s men saw Chennai chase down the target in the 18th over of the innings. Also Read – Puducherry on top after 8-wkt win over ChandigarhHe revealed that the idea was to take the game as deep down as possible after a poor start with the bat. “No one wants to start like this, but it’s good to get a game like this out of the way — this early in the tournament. We spoke of trying to be in the game, taking it to the 18th over was nice to see.” While one would think it was a poor reading of the wicket that saw RCB play three frontline pacers in Umesh Yadav, Mohammed Siraj and Navdeep Saini, but Kohli backed the decision and said that the wicket looked much better than it played. Also Read – Vijender’s next fight on Nov 22, opponent to be announced later”The batting wasn’t good, it wasn’t easy to bat on, looked much better surface though. I thought 140-150 would have been an ideal score, especially with dew expected later on. A scrappy start to the league, but I don’t think either team had control over it, the pitch was under the covers for 4 days, but we should have batted better, 110-120 would have been a fighting score,” he said. But one RCB player who impressed was Saini. His pace was disconcerting and he even hit CSK opener Shane Watson on the helmet in one over. Even though he finished wicket-less, Saini impressed all. “He has been good in conditions where there’s some grass, got his chance now. He will play a big role in the time to come. I thought CSK played really well, they deserved to win, but I loved to see our team fighting all the way,” Kohli added.last_img read more

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Jihadists claim murder of Egypt investigator of Islamists

first_imgCAIRO- An Al-Qaeda-linked group claimed responsibility on Tuesday for the assassination of an Egyptian officer involved in a crackdown on Islamists following the military’s overthrow of president Mohamed Morsi.Ansar Beit al-Maqdis said its militants gunned down Lieutenant Colonel Mohamed Mabruk on Sunday, vowing to carry out more assassinations of officers it accused of imprisoning female protesters.Mabruk was “one of the major tyrants of the state security apparatus, and the (attack) was a response to this malicious apparatus’s arrest of free women,” said a statement, posted on a militant Islamist Internet forum. The Sinai-based group had previously claimed it bombed the interior minister’s convoy in a failed assassination attempt.It said its attack on Mabruk was the first in a “series of operations (titled) ‘freeing the female captives from the tyrants’ hands.’”Egypt’s prosecutor has referred 15 women and seven girls to trial for allegedly taking part in a pro-Morsi protest that turned violent in the Mediterranean city of Alexandria last month.More than 1,000 people, mostly Morsi supporters, have been killed in clashes with police since the Islamist’s ouster in July, and thousands have been arrested.Mabruk had been due to testify this week against Morsi, who is accused of working with groups such as Palestinian Hamas and Lebanese Hezbollah to escape from prison during the popular 2011 uprising that toppled Hosni Mubarak.Sinai based militant groups such as Ansar Beit al-Maqdis escalated their attacks after his ouster, and have expanded to targeting security forces outside the restive peninsula.In its statement, the group said Mabruk’s assassination was carried out by its “Mutasim Billah Battalion.”That title is apparently a reference to a 9th century Muslim caliph who is said to have fought to avenge the capture of a Muslim woman.The militant group solicited “any information, through our modest electronic means, that helps to track these tyrants,” referring to the interior ministry.The military has sent armour and soldiers to Sinai to uproot the militants, who have continued almost daily attacks that have killed more than 100 policemen and soldiers in the peninsula since July.last_img read more

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