Botswana Diamonds plc (BOD.bw) listed on the Botswana Stock Exchange under the Mining sector has released it’s 2018 annual report.For more information about Botswana Diamonds plc (BOD.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the Botswana Diamonds plc (BOD.bw) company page on AfricanFinancials.Document: Botswana Diamonds plc (BOD.bw) 2018 annual report.Company ProfileBotswana Diamonds is a diamond exploration enterprise that has been operating in Botswana since the early 1980s. The United Kingdom-based enterprise is a spin-off of African Diamonds Plc and operates in Botswana, South Africa and Cameroon. The company has a successful track record in diamond discovery; having helped discover the Karowe Mine in Orapa which produces rare high-value stones. Botswana Diamonds also found a kimberlite mine in Botswana which is one of only 20 hard-rock diamond mines found outside Russia. The company operates in a joint venture with OJSC Alrosa (Russia) to explore 17 diamond-producing mines; and in a joint venture with Brightstone holds 13 prospecting licenses in the Orapa region which covers a total of 733 square kilometres. Botswana Diamonds Plc was founded in 2010 as a spin-off company of African Diamonds Plc, with its head office based in Dublin, Ireland.
Curate Diocese of Nebraska By Lynette WilsonPosted Jan 23, 2013 Comments (1) Director of Administration & Finance Atlanta, GA TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Rector Tampa, FL Assistant/Associate Rector Morristown, NJ Rector (FT or PT) Indian River, MI An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Indigenous Ministries, Submit a Job Listing January 23, 2013 at 9:41 pm When I taught in Fort Defiance, AZ I was a member of Good Shepherd Mission. Even though the Navajoland Area Mission is an impoverished part of God’s kingdom, they work to meet both the spiritual and physical needs of its members and those in the communities they serve; they exemplify what it means to be the hands and feet of Jesus. I pray that people will step forward with financial support for the Navajoland Area Mission so they can continue and expand their ministries. Rector Albany, NY Rector Pittsburgh, PA Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Youth Minister Lorton, VA Priest Associate or Director of Adult Ministries Greenville, SC A Navajo rendition of the ascension hangs above the altar at St. Michael’s Church in Upper Fruitland, New Mexico. In addition to Mary, Jesus and St. Michael, it includes a hogan, or traditional Navajo dwelling, the church and and oil derrick. ENS Photo/Lynette Wilson[Episcopal News Service] Every third Sunday, Deacon Paula Henson travels 200 miles round trip from Fort Defiance, Arizona, to St. Joseph’s House Church in Many Farms, where she slowly is building a congregation that last November received four new baptized members.An Anglo priest established the house church some 50 years ago, but, more recently, firmly planting a church in Many Farms has taken on a greater sense of urgency for Henson because the matriarch of the local family has been ill.“It’s time to step it up and be there for her daughters and the little ones” so they can carry on a church there, she said. The plan, she added, is to clear out the matriarch’s hogan, or traditional Navajo dwelling, and create a sacred worship space.It’s a fitting gesture in a matriarchal society, where family connection means everything, people introduce themselves by clan name, and Episcopalians can trace their church affiliation back, in some cases, to great-great-grandmothers. “The bulk of the church is family and extended family,” said Navajoland Bishop David Bailey in a November interview with ENS in New Mexico.In the 1940s, ’50s and ’60s, between 4,500 and 5,000 Navajo would have identified themselves as Episcopalians. Today, Navajo Episcopalians number between 900 and 1,200.In 1978, the Episcopal Church carved out parts of the dioceses of Rio Grande, Arizona and Utah within and surrounding the 27,000-square-mile Navajo reservation in an area the size of West Virginia to create the Navajoland Area Mission. It was an effort toward unification of language, culture and families.Unfortunately, when the Episcopal Church designated the mission, it didn’t provide the necessary resources to build it up, said Bailey in a July letter to church leaders.“Changing times and several internal challenges have contributed to an inability of the larger church to meet the needs or enable the success of the mission,” he wrote. “No substantive efforts were undertaken reflective of a long-term commitment to create, implement and build a sound foundation for the future of the church in Navajoland.”That’s all changing. Since Bailey became bishop in 2010, the area mission has invested $190,000 in buildings and maintenance costs because, as with many small dioceses that have deferred maintenance costs, they didn’t have places to gather and worship. He also has identified and empowered Navajo clergy and laity. See related story.‘Living off borrowed money’At 72, Bailey is “retired” and was appointed by Presiding Bishop Katharine Jefferts Schori to serve as the bishop in Navajoland. His focus, he said, is more administrative than pastoral.“I’m building the foundation,” he said. “I am cognizant of my age, and whoever does follow me will have something to build up.”The Episcopal Church’s 2013-15 budget approved by approved by General Convention in July 2012 designated $333,333 annually for Navajoland, leaving the church almost $300,000 short of its $600,000 annual budget.“We are living off borrowed money,” said Bailey. “We are scrambling to raise dollars.”To bridge the budget gap, he said, Navajoland is implementing new programs, addressing building-maintenance concerns, providing training for clergy and laity and developing new revenue opportunities.The church owns 150 acres of land in the church’s three regions covering New Mexico, Arizona and Utah, that can be developed, said Bailey.At Fort Defiance in Arizona, where the church already manages rental properties, the plan is to build an recreational vehicle park. At St. Mary in the Moonlight, located near the Monument Valley Navajo Tribal Park in Utah, a highly popular tourist destination, the goal is to build a retreat center. In addition to a hostel at St. Christopher’s Mission, also in Utah, an agriculture/aquaculture project is in development. And in Farmington, New Mexico, where the church has its administrative offices, it would like to build low-income housing for single mothers on 40 acres of what once was a sand and gravel pit.“We’re not going to generate $600,000, but maybe $200,000,” said Bailey.Building partnershipsBuilding up supportive partnerships across the Episcopal Church also is essential to Navajoland’s development. Bailey said he believed that, if the people knew more about the church in Navajoland, they’d want be part of it.“We’re not looking for a handout, we’re looking for a hand up. I know that’s a worn-out statement, but that’s what we are looking for,” he said. “It used to be that people would come out and do their thing. Let’s be clear about what we need and what we want to partner with you to do.”One milestone for Navajoland is a renewed companion relationship with the Diocese of the Rio Grande and its recently elected Bishop Michael Vono.“This is significant because we were out of relationship for 25 years,” said Bailey. “The two previous bishops of Rio Grande wanted nothing to do with indigenous beliefs.”Not all partners have been church partners. For instance, Good Shepherd Mission in Fort Defiance partnered with Texas A&M University’s veterinary school to spay and neuter dogs and cats. And in Bluff, St. Christopher’s Mission partnered with Venture Utah, a nonprofit coalition focused on youth, to run a summer horse-therapy clinic. The mission also is partnering with Utah State University to set up an extension-learning center, which will include video-conferencing capabilities.Even with the center in its early development, the community is looking at it as an anchor for many other youth and family services in vocational and academic training, and perhaps to boost St. Christopher’s agricultural project, which consists of six acres devoted to community farming, said the Rev. Red Stevens, who serves St. Christopher’s and is the ministry developer and missioner for the Utah region.“We’re looking forward to seeing that as a focus for our continuing services to our own community and our wider client-service area, which reaches roughly from St. Christopher 25 miles north and south and 10 miles east and west,” Stevens said. “We have a large area of sparsely populated homes and family compounds, and this will provide a place where people can get educational resources, recreational resources and family-strengthening resources.”St. Christopher’s Mission in Bluff, Utah, is the oldest, continuous mainstream Christian outpost in operating in the heart of Mormon country. ENS Photo/Lynette WilsonSt. Christopher’s Mission is the oldest, continuous mainstream Christian outpost in Bluff, in the heart of Mormon country; the next nearest Christian mission is in Round Rock, some 60 miles away. St. Christopher’s serves between 350 and 400 clients, providing water, food and clothing.St. Christopher’s owes some of its successes to Episcopal Church partnerships, including All Saints in Beverly Hills, California, Annunciation in Lewisville, Texas, St. John’s in Kingston, New York, and others.“We’d still exist, but they provide a richness that we need, moral and financial support, and it goes way beyond us,” Stevens said. “When they do vacation Bible school, kids come from all over.”Being in communityThe Navajoland Area Mission has three major congregations in New Mexico and Utah and two major congregations and two house churches in Arizona, where most of the Navajo reservation is located. By offering programs and services for dealing with inter-generational trauma – the long-lasting effects of suffering, violence and abuse, particularly in reference to the historical sufferings of indigenous people, which can lead to violence and substance abuse – the church hopes to raise its profile and attract new members.The area’s social challenges “take on their own spiritual characteristic because people are so interconnected; it becomes everyone’s problem,” said Stevens.Deacon Cornelia Eaton and her mother, Alice Mason, a longtime lay minister who served St. Michael’s in Upper Fruitland, New Mexico. Many of the Episcopalians in Navajoland can trace their church membership back generations. ENS Photo/Lynette WilsonCornelia Eaton, a postulant and Bailey’s assistant in Farmington, agreed. While each ministry is unique, all struggle with the same challenges of poverty, substance abuse and domestic violence, she said.Between 125,000 and 150,000 Navajo live on the reservation. Many work in extractive industries, such as oil, uranium and petroleum, but it’s estimated that half of the population is unemployed and 50 percent lives in extreme poverty. Most parishioners either don’t have vehicles or are too old to drive.Asked what they need, the first response clergy and lay ministers give is “reliable vehicles” and the second is gasoline. “The main problem is isolation and gas prices,” said Stevens. “It is 30 miles round trip to church. Everything is so far away from anything else. We travel so much.”The sign at St. John the Baptizer in Montezuma Creek, Utah. ENS Photo/Lynette WilsonIt was her travels past St. John the Baptizer in Montezuma Creek, Utah, that brought lay pastor, Lily Henderson, there.“I used to drive up and down this road and the church was shut down, and I prayed about it and I left my job,” said Henderson, who worked for years in early-childhood development before taking over at St. John the Baptizer.Henderson faces many challenges. She hauls water from St. Christopher’s Mission, some 12 miles up the road, because the water on the St. John’s property is contaminated. The floors are curling in the sacristy. And the old parish hall must be demolished because it’s unsafe for children.Like others, she said one of her biggest concerns is transportation and high gas prices. The children she serves mostly have difficult home lives, coming from alcoholic, single-parent, low-income families. She does, however, have a van to use to get supplies and to pick up children for Sunday school, she said.“They really enjoy coming over to have something to eat. This is a safe place to be, to have someone to be with, to talk to them, to know that we care about them,” said Henderson.LaCinda Hardy-Constant, a postulant and community organizer serving Good Shepherd Mission in Fort Defiance, leads a partnership between the congregation and the community that began about a year ago.“We started to identify needs and assets that exist in the community,” she told ENS. “One of the main issues is gang violence and youth.”Five gangs have become a “constant menace” to the community, and talks with the community revealed that the elderly population lives in fear, said Hardy-Constant, who also serves on the Executive Council Committee on Indigenous Ministry. “Once the sun goes down, they are not going outside.”In response, Good Shepherd instituted a neighborhood watch program and is working to provide volunteer opportunities for young people.Elders often express concern that the children are not getting enough spiritual direction, Hardy-Constant said. Without that, they ask, how will they follow their journey?“The church is for the kids to give them a direction as they grow up,” she said. “That inspiration is what at child will keep forever.”This is something Hardy-Constant and others who’ve grown up in the Episcopal Church in Navajoland know. Like many other children, she was “born and raised” at Good Shepherd.“We talk about Good Shepherd and how it was the heart of Navajoland,” she said. “When you are raised in the church, you see different levels of strength and weakness. We’ve come a long way in Navajoland. We are slow like a turtle.”It was the Rev. Davis Givens, an Anglo priest, who some 50 years ago started driving his Model T the long distance from Fort Defiance out to the house church in Many Farms, who founded the ministry, which Henson has chosen to rebuild.“It means a lot [to the family] that Paula still goes out there,” said Hardy, who told the story of Givens driving his Model T across Navajoland.Deacon Catherine Plummer also drives long distances to serve her parish. She lives in Bluff and serves part time at St. Mary of the Moonlight in Oljato, an hour’s drive southwest. The arrangement can be difficult for her and the people she serves.She typically drives out on Friday to give her members the Sunday lessons, so they can come prepared; she visits shut-ins, offering morning prayer and consecrated bread and wine. On Saturdays she tries to catch the people she missed on Friday.Plummer is a fourth-generation Episcopalian. Her great-great-grandmother on her mother’s side was an Episcopalian, and she is the widow of Bishop Steven Plummer. She is looking forward to being ordained a priest and moving out to Oljato. It’s important, she said, that the parishes have ordained leaders.“They don’t feel like they have anybody out there,” she said.— Lynette Wilson is an editor/reporter for the Episcopal News Service. Rector/Priest in Charge (PT) Lisbon, ME Director of Music Morristown, NJ Submit a Press Release Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Press Release Service Comments are closed. This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Rector Collierville, TN An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET New Berrigan Book With Episcopal Roots Cascade Books In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Canon for Family Ministry Jackson, MS Rector Bath, NC Navajoland Rector Washington, DC Rector Shreveport, LA Featured Events AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Associate Priest for Pastoral Care New York, NY Priest-in-Charge Lebanon, OH The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Assistant/Associate Priest Scottsdale, AZ Rector and Chaplain Eugene, OR Cathedral Dean Boise, ID Rector Knoxville, TN Rector Smithfield, NC Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Family Ministry Coordinator Baton Rouge, LA Submit an Event Listing The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Course Director Jerusalem, Israel Featured Jobs & Calls Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Missioner for Disaster Resilience Sacramento, CA Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Bishop Diocesan Springfield, IL Curate (Associate & Priest-in-Charge) Traverse City, MI Church in Navajoland confronts ministry challenges Rector Belleville, IL Rector Hopkinsville, KY Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Rector Martinsville, VA Assistant/Associate Rector Washington, DC John D. 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Bishop Poulson Reed poses for a photo with his family after his consecration as bishop coadjutor of the Diocese of Oklahoma. Photo: Diocese of Oklahoma[Diocese of Oklahoma] The Rt. Rev. Poulson Reed was ordained and consecrated as bishop coadjutor of the Diocese of Oklahoma on May 30 at St. Paul’s Cathedral in Oklahoma City.The Rt. Rev. Larry Benfield, president of Province VII and bishop of Arkansas, served as the chief consecrator. He was joined by the Rt. Rev. Edward J. Konieczny, fifth bishop of Oklahoma; the Rt. Rev. Peter Eaton, bishop of Southeast Florida; the Rt. Rev. Josè McLoughlin, bishop of Western North Carolina, and the Rt. Rev. Michael K. Girlinghouse, bishop of Arkansas-Oklahoma Synod, Evangelical Lutheran Church in America.Although the in-person service was limited to those who had specific roles, in keeping with safety guidelines, the service was livestreamed through the diocesan YouTube channel. The livestream itself is archived on the diocesan YouTube page and pictures are archived on the diocesan Facebook page.As Reed looks forward to his new role in the Diocese of Oklahoma he reflects: “I am grateful beyond words to follow in the faithful footsteps of Bishop Ed and his wife, Debbie, who have given so much of themselves to this ministry. I look forward to serving side by side with the lay people and clergy here in Oklahoma to bring the love of Jesus to our hurting world.”Previously, Reed was the rector of All Saints’ Episcopal Church and Day School in Phoenix, Arizona, since 2009, and on the clergy staff at Saint John’s Cathedral in Denver, Colorado, from 2002 to 2009. He and his wife, Megan, have three boys. Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Rector Washington, DC Associate Rector Columbus, GA Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Bishop Consecrations, AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis People House of Bishops, Curate (Associate & Priest-in-Charge) Traverse City, MI Rector (FT or PT) Indian River, MI Rector Martinsville, VA Rector and Chaplain Eugene, OR Canon for Family Ministry Jackson, MS The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Rector Bath, NC Youth Minister Lorton, VA Rector Knoxville, TN Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Family Ministry Coordinator Baton Rouge, LA This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 New Berrigan Book With Episcopal Roots Cascade Books Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Rector Albany, NY Submit a Job Listing Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Rector Collierville, TN Bishop Diocesan Springfield, IL Tags Associate Priest for Pastoral Care New York, NY Course Director Jerusalem, Israel An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Associate Rector for Family Ministries Anchorage, AK Curate Diocese of Nebraska Posted Jun 10, 2020 Cathedral Dean Boise, ID Assistant/Associate Priest Scottsdale, AZ Assistant/Associate Rector Morristown, NJ In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Rector Hopkinsville, KY Featured Events Rector Belleville, IL Rector Tampa, FL TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Missioner for Disaster Resilience Sacramento, CA Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Director of Music Morristown, NJ Director of Administration & Finance Atlanta, GA Rector Shreveport, LA Press Release Service Rector Smithfield, NC Submit an Event Listing Priest Associate or Director of Adult Ministries Greenville, SC The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Submit a Press Release Featured Jobs & Calls Assistant/Associate Rector Washington, DC Priest-in-Charge Lebanon, OH Rector/Priest in Charge (PT) Lisbon, ME Rector Pittsburgh, PA Poulson Reed consecrated as bishop coadjutor of Oklahoma
Houses The Crow’s Nest / AR Design Studio The Crow’s Nest / AR Design StudioSave this projectSaveThe Crow’s Nest / AR Design Studio Photographs: Martin Gardner Manufacturers Brands with products used in this architecture project CopyAbout this officeAR Design StudioOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesHampshireUnited KingdomPublished on February 09, 2017Cite: “The Crow’s Nest / AR Design Studio” 09 Feb 2017. ArchDaily. Accessed 11 Jun 2021.
Facebook Twitter Oil futures fell on Monday to mark their lowest close in nearly two weeks as traders gauged the outlook for energy demand following a spate of global economic data, including a correction to a U.S. manufacturing index reading. July crude CLN4 -0.02% dipped 24 cents, or 0.2%, to settle at $102.47 a barrel on the New York Mercantile Exchange. Prices, tracking the most-active contracts, haven’t closed at a level this low since May 20. Traders digested data from the U.S. and elsewhere for hints on the energy-demand outlook.The final Markit reading of U.S. manufacturing conditions in May totaled 56.4, compared to a preliminary reading of 56.2. Construction spending rose 0.2% in April, but economists polled by MarketWatch expected a 0.8% increase. The Institute for Supply Management, meanwhile, said its manufacturing index grew in May at the fastest rate of 2014, according to an index that was corrected on Monday. The Institute for Supply Management now says its manufacturing index rose to 55.4% from 54.9% in April. Initially Monday, the ISM said its index fell to 53.2% in May. “The ISM correction came too late in the trading day to help crude oil,” said Richard Hastings, macro strategist at Global Hunter Securities. The ISM signal also “wasn’t big and loud enough to change the main story on Monday: the market is beginning to feel too far out on a ledge with $103 per barrel for U.S. crude, especially in light of the evidence that geopolitical tensions are not having the impact that some observers want to believe.”“This puts the crude pricing story back to the infrastructure and demand stories: is there enough storage at the Gulf Coast for U.S. oil production? How much gasoline can we export?,” he said. “For the near term, these are okay, but there are questions about longer-term price support.” SHARE SHARE Facebook Twitter Oil FuturesPost Lowest Close in Two Weeks Previous articleAg Groups Differ on EPA Clean Air ProposalNext articleIndiana Ag to be Showcased at Vintage Indiana Saturday Gary Truitt By Gary Truitt – Jun 2, 2014 Home Energy Oil FuturesPost Lowest Close in Two Weeks
The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Ginnie Mae’s Bright Future Previous: Yellen Talks Economic Outlook as Tenure Winds Down Next: Tackling Today’s Top Legal and Servicing Challenges November 29, 2017 2,559 Views Demand Propels Home Prices Upward 2 days ago Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Tagged with: Flood Insurance Ginnie Mae House Financial Services Committee Housing Reform. michael bright About Author: David Wharton The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Ginnie Mae’s Bright Future Share Save David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Government, Journal, News Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Flood Insurance Ginnie Mae House Financial Services Committee Housing Reform. michael bright 2017-11-29 David Wharton Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Wednesday morning, the House Financial Services Committee held a hearing entitled “Sustainable Housing Finance: The Role of Ginnie Mae in the Housing Finance System.” Michael R. Bright, Acting President, Government National Mortgage Association (Ginnie Mae), appeared before the Committee to discuss the challenges currently facing Ginnie Mae, as well as what challenges and adaptations await it in the future.Much of the discussion focused on a paper Bright co-wrote with former FHFA Acting Director Ed DeMarco in September 2016. Bright and DeMarco’s proposal would “end the conservatorships, reconstitute Fannie Mae and Freddie Mac as lender-owned mutuals, and build on the credit risk transfer (CRT) initiative to create a private market for mortgage credit risk while preserving a government-guaranteed rates market for mortgage-backed securities.” In addition, Ginnie Mae would be removed from the Department of Housing and Urban Development (HUD) and converted into a standalone government corporation like FDIC, “with authority over its own budget, hiring, and compensation.”Obviously, making dramatic changes to Ginnie could be a cause for concern to some. As Rep. Brad Sherman (D-California) put it, “I don’t buy the idea that ‘if it’s not broke, don’t fix it,’ because sometimes you can make things better. But if it’s not broke, don’t break it.”Even though he proposes changes, Bright had plenty of positive things to say about Ginnie, and the things it does well. “At a very high level, the Ginnie Mae wrap works because we do two things effectively. First, we are transparent about our rules and our processes with our investors. And second, we work hard to police our program.”Whether or not Ginnie undergoes that sort of large-scale change in the future, there are plenty of challenges closer at hand. With the mortgage market moving to modernize and embrace e-mortgages, Ginnie Mae is moving to follow. While Bright conceded there were various upgrade and architecture challenges posed by this, he said Ginnie has those upgrades slated for 2018.Rep. Dennis Ross (R-Florida) asked what impact this year’s damaging flood season had on Ginnie, especially given how many affected properties either did not have flood insurance or had insufficient flood insurance. “That is not an insignificant problem,” Bright said, noting that 150,000 Ginnie properties had been affected by the floods and did not have sufficient flood insurance.Bright continued, saying, “If you have a property that has been damaged through a flood, and the property cannot get into a conveyable condition to file a claim with FHA, it does raise the risk that the issuer, if they’re concentrated in that particular geographic location, could have an insolvency situation.” Bright said they were currently analyzing the total impacts of the floods.Rep. Randy Hultgren (R-Illinois) asked Bright if he had any concerns about Ginnie’s recent or expected growth. “We’re very aware that with greater size comes greater risk, especially when your base is shifting,” Bright said. However, he said that he didn’t believe growth was concerning in and of itself, as Ginnie has an array of risk-management tools and the processes tend to work the same way regardless. “Mechanically speaking, our systems are volume agnostic,” Bright said.Looking forward, Bright said Ginnie’s focus over the next few years would be ensuring that issuers have access to the liquidity they need, having a solid idea of the value of the MSRs involved, and having a game plan for what they would do with the MSR in the event of a problem. “It’s not so much value as the quality of your counterparty that matters,” Bright said.You can watch the full video of the House Financial Services Committee hearing below. Servicers Navigate the Post-Pandemic World 2 days ago
Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Freddie Mac recently hosted its “LeadingTheWay: Female Leadership Gap Roundtable Discussion” webcast, and while great strides have been taken in terms of gender equality in the C-Suite, there is much work to be done to close the gender gap.The webcast analyzed a Freddie Mac-sponsored White Paper, “Female Leaders on Reaching Financial Services’ Upper Ranks,” compiled by Harvard Business Review Analytic Services, which found that women still comprise less than 20% of the highest-level jobs that have profit-and-loss responsibility in American banking, insurance, and mortgage companies.Moderated by Riham El-Lakany, Vice President and Chief Marketing and Communications Officer, Single-Family Business for Freddie Mac, the webcast examined the current state of the industry in terms of gender roles, and what measures can be taken to improve the role women play in the business world today.“While we’ve made progress, it’s clear we need to do more to make our workplaces an equal playing field and as full of opportunities for women leaders as possible,” said speaker Donna Corley, EVP and Head of Single-Family for Freddie Mac.As outlined by one of the White Paper’s authors Alex Clemente, Founding Managing Director of Harvard Business Review Analytic Services, the four elements cited as driving the most positive change in the careers of women include:Receiving consistent support from seasoned high-level executives who’ve recognized their talent and helped them advance in their careers.Being ambitious, hardworking, and adept at getting work noticed by higher executives.Taking a risk for a growth opportunity.Establishing a work-life balance that allows them to do their job, while tending to their family’s needs.Even though males and females enter the financial services industry in roughly equal numbers, the report found that more women exit the industry mid-career—just as they’re ready for development into senior roles. The report also found that companies in the top quartile for gender diversity on executive teams were 21% more likely to outperform on profitability. Female senior leadership increases three times for each executive woman added to an organization.According to the Harvard report, many women face tough decisions when it comes to their careers. And when some choose to leave their jobs, they also decided to exit the industry altogether, citing that they believed the problems they encountered were so pervasive that they would find those same issues at other financial firms.Some of the issues cited as reason to “walk away from an industry,” included the “boy’s club” atmosphere of many financial services firms; unclear career paths; and too little flexibility in managing work-life balance, particularly when they were ready to raise a family.“Women shy away from taking risk when they don’t feel they are qualified,” said Sheri Thompson, EVP and FHA Finance Group Head for Walker & Dunlop. “Jumping off that cliff was a life-changer for me, and pushed my career to new levels.”And while closing the gender gap remains an issue for much of male-dominated corporate America, diversity too remains an issue in the boardroom. Frans Johansson, Founder and CEO of The Medici Group feels that change must start at the top and trickle its way downward in order for change to begin.“How can we create an inclusive environment that is inclusive and drives belonging? Why are your ideas not coming to pass? Look for others who can drive that narrative,” said Johansson. “If that’s not happening, look for an environment where it will. There is an invisible war going on, where companies who are setting the stage for diversity will grow.”To further the conversation and enact change, Freddie Mac has launched the #LeadingTheWay initiative, which focuses on advancing women in the housing industry by focusing on inclusion and diversity.“As the numbers have long shown, financial services companies are traditionally male-dominated. Numbers indicating the relative lack of women and minorities in leadership roles in the housing and finance industries (and others as well) have been disappointing, but not surprising,” said Corley. “The numbers just confirmed what so many of us in the housing and financial industries already knew. But they have also pointed to a real opportunity for us to make positive change.”Click here for more on the Freddie Mac-sponsored report, “Female Leaders on Reaching Financial Services’ Upper Ranks.” Subscribe March 24, 2021 1,078 Views About Author: Eric C. Peck Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Journal, News Alex Clemente Donna Corley Frans Johansson Freddie Mac Harvard Business Review Analytic Services LeadingTheWay Riham El-Lakany Sheri Thompson The Medici Group Walker & Dunlop 2021-03-24 Eric C. Peck Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. Home / Daily Dose / Closing the C-Suite Gender Gap The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Print This Post Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Alex Clemente Donna Corley Frans Johansson Freddie Mac Harvard Business Review Analytic Services LeadingTheWay Riham El-Lakany Sheri Thompson The Medici Group Walker & Dunlop Related Articles Closing the C-Suite Gender Gap Previous: Mortgage Delinquencies Hit 6% Mark in February Next: Prospective Homeowners Face Increasing Changes, Challenges Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago
The lives of hundreds of vulnerable children are being put at risk – due to a lack of resources.According to reports in today’s Irish Times, social work teams in several parts of the country say they’re being forced to ignore potentially serious reports of suspected abuse or neglect due to heavy workloads and under-staffing.Donegal North East Deputy Charlie Mc Conalogue is Fianna Fail spokesperson on Children, and recently expressed concern that the new Children First guidelines and tighter mandatory reporting will be pointless without investment in resources.He says today’s revelations show that the state still has shortcomings to address…[podcast]http://www.highlandradio.com/wp-content/uploads/2011/08/cmcc1.mp3[/podcast] HSE warns of ‘widespread cancellations’ of appointments next week RELATED ARTICLESMORE FROM AUTHOR Man arrested in Derry on suspicion of drugs and criminal property offences released Pinterest Google+ News Google+ Dail to vote later on extending emergency Covid powers Facebook Previous articleTyre dumpimg site found in forest in DonegalNext articleFive people arrested for attempted ATM robbery in Co.Derry News Highland Facebook WhatsApp Twitter By News Highland – August 2, 2011 Twitter Watch: The Nine Til Noon Show LIVE Dail hears questions over design, funding and operation of Mica redress scheme WhatsApp Pinterest Lives of hundreds of vulnerable children at risk due to lack of resources PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal
Man arrested in Derry on suspicion of drugs and criminal property offences released Facebook RELATED ARTICLESMORE FROM AUTHOR Twitter Pinterest Dail hears questions over design, funding and operation of Mica redress scheme WhatsApp Winds of up to 140km/h expected to lash Donegal Man arrested on suspicion of drugs and criminal property offences in Derry HSE warns of ‘widespread cancellations’ of appointments next week Twitter Google+ By News Highland – January 2, 2012 WhatsApp Dail to vote later on extending emergency Covid powers Previous articlePolice appeal after man is assaulted in his homeNext articleDonegal house prices continue to fall News Highland Due to forecast high winds Donegal County Council will be closing Harry Blaney Bridge from 7pm this (Monday) evening.The bridge is likely to remain closed tomorrow morning.Diversions are available via Milford on the the R245 and R246.The weather forecast for tonight and tomorrow: Scattered showers at first this evening, some wintry, but persistent and heavy rain will spread from the southwest early tonight as winds back southerly and strengthen.Wet and extremely windy overnight with strong to gale force and gusty southerly winds, the winds veering southwest to west late in the night as the rain clears to showers. Severe and possibly damaging gusts, between 110 and 140 km/h, can be expected in exposed areas. Lowest temperatures 2 to 5 Celsius but milder for a time overnightContinuing very windy and gusty on Tuesday with bright or sunny spells and scattered showers, some of the showers heavy, with a slight risk of thunder, and some wintry especially on high ground. Cold, with afternoon temperatures ranging 3 to 6 Celsius. The strong to gale force southwest to west winds, veering westerly, will gust between 100 and 140 km/h in exposed areas. Facebook Newsx Adverts Pinterest PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Google+
News UpdatesInfluential Employees Manage Postings In And Around Urban Areas, Leaving No Room For Others: HP HC Asks State To Break The Cartel [Read Order] Sparsh Upadhyay26 Aug 2020 10:07 PMShare This – xThe Himachal Pradesh High Court on Wednesday (26th August) observed that if the employee has been transferred in order to adjust particular persons with no reasonable basis, then such type of transfers can be termed as “mala fide one” and would normally be liable to be quashed.A division bench comprising Justices Tarlok Singh Chauhan & Jyotsna Rewal Dua observed,”Because of the cartel…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Himachal Pradesh High Court on Wednesday (26th August) observed that if the employee has been transferred in order to adjust particular persons with no reasonable basis, then such type of transfers can be termed as “mala fide one” and would normally be liable to be quashed.A division bench comprising Justices Tarlok Singh Chauhan & Jyotsna Rewal Dua observed,”Because of the cartel created by a few of the employees serving in the urban and semi-urban areas of Himachal Pradesh, the influential employees manage to secure their postings in and around urban areas, leaving practically no room for the other employees.”The background of the caseThe petitioner is a Lecturer (English), who joined Government Senior Secondary School, Sanjauli, on 16.08.2017 and was thereafter ordered to be transferred the vice private respondent vide order dated 23.01.2020 and being aggrieved thereby, she filed the instant petition that the impugned transfer order dated 23.01.2020 may kindly be quashed and set aside.It was argued by the Advocate for the petitioner, that the order of transfer is not sustainable, as it has been passed “on extraneous consideration and with mala fide intention to simply adjust private respondent No.3″, who at her own request had been posted at GSSS, Theog in July 2019 and after short stay of six months, on 01.01.2020, on the basis of D.O. note No. 199274, got herself transferred back to GSSS, Sanjauli, dislodging the petitioner.On the other hand, the stand of the official respondents is that the petitioner was transferred vice private respondent No. 3, with the prior approval of the competent authority, on the medical ground of respondent No. 3.The question of mala fide in cases of transferWhile referring to various Judgments delivered by the Supreme Court, the High Court in the present matter came to the conclusion that, on mala fide, it can be said that the principal test of a due and proper exercise of the power is to ask the question: Was the transfer made for real administrative exigency?The Court further observed that in finding the answer, the Court might have to pierce the veil of the transfer order and see what the operative reason was for the transfer.If the findings reveal a nexus with administrative necessity, the exercise of the power will be upheld. If however, the court noted, the operative reason has no such nexus then the transfer will be vulnerable.The court’s observationThe court was of the view that respondent No. 3 was entitled to set-forth her grievance including the medical problems to her higher authorities and seek transfer and it was for the authorities, in turn, to accede or not to such request, but under no circumstances, respondent No. 3 could have exercised an external influence to have transfer affected.The bench further remarked that it didn’t think that the request made by the respondent No. 3 was genuine and bonafide.Significantly, the court observed that off late, the Himachal Pradesh High Court has seen a surge in litigation relating to transfer matters.The bench was of the view that the State of Himachal Pradesh, unlike other States, is not evenly or uniformly developed in matters of basic infrastructure like education, health services etc.In this context, the court said,”It is for this reason and rightly so that every employee tries to make an endeavour to seek posting in the district or tehsil headquarters where the infrastructure is relatively well developed. Most of these migrations in urban areas are directly related to the education of children and thereafter it could be for other purposes like better health facilities etc.”In the present matter, the court remarked,”The instant case is one such classic example, which reflects the modus operandi being resorted to by these teachers on completion of their tenure by seeking mutual transfer or creating artificial vacancies and thereafter getting each one adjusted in such vacancies.”Suggestions given to the AuthoritiesThe court said that the respondents (official authorities) are not only duty-bound but are mandated by law to ensure that no monopoly in the matters of transfers is created in favour of selected few.The court suggested that the State is required to adopt a fair and transparent policy of transfer by calling for the details of all the teachers whose children are to appear in the Board exam or examination for professional courses like MBBS, AIEEE etc.The court was of the view that this would not only bring about an end to the monopoly created in favour of few teachers but would also ensure benefit to the student community as a whole.The court said that the action of the State must be reasonable, fair, just and transparent and not arbitrary, fanciful or unjust. The right to fair treatment is an essential ingredient of justice.Most importantly, the bench said,”The main concern of the Court in such matters is to ensure the Rule of law and to see that the executive acts fairly and gives a fair deal to its employees consistent with the requirements of Articles 14 and 16 of the Constitution. It also means that the State should not exploit its employees nor should it seek to take advantage of their helplessness and misery. As is often said, the State must be a ‘model employer’.” (emphasis supplied)The Court’s verdict in the present caseThe court took note of the fact that the petitioner as also the third respondent hold a State Cadre Post, yet the petitioner has not been posted outside the district and has rather served in and around Shimla in her entire service career.The court further observed that the case of respondent No. 3 is also not different.In this context the court noted,”Obviously, these postings, both in the case of the petitioner as also respondent No. 3, could not have been possible without the active support of the official respondents.”In conclusion, even though the court found the transfer of the petitioner to be mala fide as it had been made in order to adjust the third respondent with no reasonable basis, but the court categorically stated that “this wouldn’t mean that the petitioner would be entitled to be retained at GSSS Sanjauli.”Most importantly, the bench remarked,”Granting indulgence to any of the parties, in this case, would be causing manifest injustice to other teachers who are desirous of serving in Shimla and other district and tehsil headquarters but have failed mainly because of the cartel formed by influential teachers like the parties in the instant case.”The bench concluded by saying that in the given facts and circumstances of the case as discussed above, neither the petitioner nor the third respondent deserve to be posted in their home district.Lastly, the bench remarked,”Before parting, we hope and trust that the respondents would take all requisite steps to break the cartel and as far as possible ensure that maximum number of teachers, especially those whose children are to appear in the Board examination and examination for professional courses are afforded an opportunity to serve in the district and tehsil headquarters or wherever requisite infrastructure like adequate bandwidth, the facility of tuition etc. are available.”Case Details:Case Title: Sheela Suryavanshi v. State of H.P. & Ors.Case No.: CWP No. 511 of 2020Quorum: Justices Tarlok Singh Chauhan & Jyotsna Rewal DuaAppearance: Advocate Ram Murti Bisht (for Petitioner); Advocate General Ashok Sharma, with Addl. A.Gs. Ranjan & Vinod Thakur, and Dy.A.G Svaneel Jaswal (for respondents No. 1 and 2-State); Advocate Vinod Chauhan (for respondent No. 3)Click Here To Download Order[Read Order] Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Story