Stamp Duty change whips up a storm

first_imgREPORT HEADLINESRightmove: “Buy-to-let ignites chain reaction, driving prices to record high.”NAEA: “Glimpse of light at end of the tunnel for first time buyers.”RICS: “Buyer demand contracts as April Stamp Duty deadline passes.”Nationwide: “Annual pace of house price growth moderates in April.”Halifax: “Annual house price growth eases to 9.2 per cent.”LSL Acadata HPI: “London house prices break through the £600k barrier.”Hometrack: “City level house price inflation accelerates as investors rush to beat stamp duty deadline.”Land Registry: “The annual price change now stands at 6.7 per cent.”LATEST NATIONAL MARKET MOVEMENTSKate says: Well Mr Osborne and Mr Carney… that didn’t go quite according to plan! The rationale for the introduction of the new 3 per cent Stamp Duty for second home owners, especially aimed at buy-to-let investors, was to reduce the impact of a potential ‘bubble’ in house prices, which would worsen the effect of a recession on house prices in general. Instead, what appears to have happened to date is succinctly put by the CML, “The distortion caused by this stamp duty change appears to be larger than any previous stamp duty change we’ve seen.” Oops! As we can see the price growth (bar Halifax) pretty much caused, albeit in the short term, exactly what it was supposed to have prevented!The distortion caused by this stamp duty change appears to be larger than any previous stamp duty change that we have seen.However, it was all pretty good news for the industry with transactions being more of a driver of performance than property prices. According to Nationwide, “There were 165,400 transactions in March, an all-time high, some 11 per cent higher than the previous peak of c149,000, recorded in January 2007.”And it doesn’t seem to be having a tremendously bad effect on April’s sales, in fact in some regions landlords are now coming to them, moving away from London/South to invest, as stamp duty bills are lower, while others are using the 3 per cent stamp duty hike as an opportunity to negotiate money off the purchase. So far, so good for the industry, although the treasury will benefit from extra funds to invest in first time buyer initiatives, it doesn’t appear to have dampened investors’ enthusiasm to purchase more property.However, a slowdown may just not have filtered through the figures yet, as the Halifax reports that confidence in the UK housing market “is at its lowest level in over a year.” (Halifax Housing Market Confidence Tracker).REGIONAL PRICE DIFFERENCESRICS: “Most parts of the UK report price increases with London and the North of England the only exceptions. London reported a second, albeit modest monthly decline, while prices in the North of England remained broadly unchanged.”LSL Acadata HPI: “London led the way this April, with the value of the average home in the capital breaking through the £600,000 barrier. The average house price in London has almost doubled over the past seven years, up from £321,917 in April 2009.“This is the first time nine regions have broken records in the same month since October 2007 at the height of the boom – as the market has now fully recovered from the crash.”Hometrack: “The highest increase in house prices in the last quarter was recorded in Liverpool as prices rise off a low base, closing the gap to other major cities such as Manchester and Leeds where house price growth is running at over 7 per cent per annum – the highest year on year growth since 2007.”Land Registry: “The region with the most significant annual price increase is London with a movement of 13.9 per cent. The North East saw the only annual price fall with a movement of -0.7 per cent. Yorkshire & the Humber saw the most significant monthly price decrease with a movement of -2.6 per cent.”Kate says: Never before have I seen a time when the agent is crucial in determining the value of a property, for me, their local expertise is essential. This is good news for the agents that can market this knowledge to their advantage.”LSL ACADATA HPIHeat Map of the annual change in the average house price, by region, March 2016DEMAND FOR PROPERTYNAEA: “Sales to first time buyers (FTBs) increased in March, with 28 per cent of total sales made to the group; an increase from February, when 24 per cent of sales were to FTBs. The number of sales agreed on average per branch increased in March, rising from nine last month to 10 this month.”RICS: “New buyer enquiries declined during the month, with the fall widespread across the UK and only Scotland and East Anglia seeing some modest growth. While reduced demand from buy to let and second homes appears to have been the main cause of this fall, it may also reflect some uncertainly beginning to enter the market in the run up to the UK’s referendum on its EU membership.”Nationwide: “There was a surge in the number of residential property transactions in March ahead of the introduction of the additional stamp duty levy. There were 165,400 transactions in March, an all-time high, c11 per cent higher than the previous peak of c149,000 in January 2007.”Agency Express: “National data recorded by the Property Activity Index revealed a decline in properties ‘sold’ with figures falling by -1.5 per cent. Across the UK the regions recording the largest month on month increases included the South East +4.6 per cent, East Anglia +3.5 per cent, Wales +3.1 per cent, Yorkshire & Humber +2.3 per cent and North West +1.7 per cent.”Bank of England: “The number of loan approvals for house purchase was 71,357 in March, broadly in line with the previous six months.”BBA: “Gross mortgage borrowing of £17.1 billion in March was 64 per cent higher than a year ago and the highest borrowing since April 2008 following a reported sharp increase in purchase of buy-to-let and second homes, ahead of the increase in stamp duty. The number of mortgage approvals in March was 20 per cent higher than a year ago; remortgaging up 25 per cent and house purchase up 14 per cent.”Land Registry: “In October 2015 to January 2016, sales volumes averaged 74,374 transactions per month, an increase from the same period a year earlier, when sales volumes averaged 73,744 per month.”Kate says: Most of the indices this month point to a change in demand in the market place following one of the biggest transaction months for some time in March. Rightmove talks about far more people ‘trading up’ and there is an expectation and some evidence from the NAEA that first time buyers are seizing on the idea that less buy to let investors are buying, and coming back to see what the competition to buy is like. However, so far there doesn’t seem to be a substantial fall in buy to let investors and in some cheaper areas some agents are reporting more enquiries.SUPPLY OF PROPERTYNAEA: “The number of properties available soared by 54 per cent in March to 54 per branch – up from 35 in February.”RICS: “Supply conditions remain tight with 8 per cent more surveyors reporting a fall in new instructions to sell rather than a rise. This decline was quite widespread with the majority of areas seeing a decrease in the number of new properties coming onto agents’ books.”Agency Express: “After a slowdown during March, April’s property market bounced back with national new listings ‘for sale’ figures rising by 8.2 per cent. Across the rest of the UK, nine of the twelve regions recorded reported increases in new listings ‘for sale’ with the South East reporting their largest increase in new listings up by 25.3 per cent. The other regions recording the largest month on month increases include London +16.1 per cent, Yorkshire & Humber +12.4 per cent, South West +10.8 per cent and Wales +10.7 per cent.”Kate says: Mixed indices feedback this month, with the NAEA suggesting a surge in March of 54 per cent for stock per branch and Agency Express seeing huge growth in London and the South East, although sold numbers were down a bit. The RICS however, reports the opposite, with a rise in the number of surveyors saying new instructions have fallen, although this could be due to the huge rises experienced in March/early April, and supply has fallen back since.The good news too is that the HBF are working more transparently with the government and local authorities to help reach the target of one million more homes by 2020. Now, therefore, new build has to be a core part of any agent’s strategy.”Kate Faulkner, Property Market Analyst and Commentator www.propertychecklists.co.uk Email: [email protected] Telephone: 01652 641722market movements property taxation kate faulkner property indices regional price differences stamp duty supply of property taxes demand for property June 27, 2016The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Stamp Duty change whips up a storm previous nextRegulation & LawStamp Duty change whips up a stormDesigns on Property tracks and summarises the monthly property indices. Kate Faulkner says, “Even the higher taxes haven’t dampened investors’ enthusiasm.”Kate Faulkner27th June 20160666 Viewslast_img read more

Patten rebuffs ‘angry middle class’

first_imgHowever, Patten was quick to deny that “the sky should be the limit” as far as tuition fees are concerned and stressed the need for a “fixed scale which would relate the amount of income that universities and colleges can charge for tuition to the amount of money they provided for bursaries for less well off students.”He called for “needs-blind access to Oxford and Cambridge” to ensure that students from a less well-off background are not discouraged from applying to Oxford, stating that “the big issue is how much we are able to spend on bursaries for less well off students who might otherwise be discouraged from coming to Oxford.”“I think it’s imperative that we hang on to the notion of a complete meritocracy at Oxford and Cambridge provided we can demonstrate that there is integrity of the system. It makes it easier to resist pressure from some on the left that we should have social code preference in our entry procedures, rather than trying to get the best wherever they come from.”Although Patten is highly sceptical of the government quotas on the number of state school students that Oxford should admit – he refers to these as “arbitrary, central planning quotas” – he is proud of the efforts that Oxford puts in to its outreach scheme. “We spend over 2 million a year to get kids from schools that haven’t traditionally sent them to Oxford. It’s very impressive the amount we’re doing around the place.”It is his belief in meritocracy that underpins his rejection of a legacy point preference scheme in use in many American universities use, a system whereby applicants are given priority if their parents are alumni or have donated money to the university the children get preference.He called such a system “a terrible idea,” adding that George W Bush’s gaining of a place at the prestigious Harvard Business School “must have been unrelated to intelligence.”However, he did admit that donations from private benefactors would need to increase in order to address funding. Last May, the Oxford Campaign was launched which aimed to raise a minimum of £1.25 billion and “increase the participation rate of alumni giving.”However, he admitted that donations from alumni would not be sufficient to make up for the loss of funding through the current recession. “The difference with America,” he explains, “is that the American taxpayer spends twice as much on Higher Education and further learning. If you then add to that the amount that comes privately America has this huge lead over all European universities.” Oxford University Chancellor Chris Patten has attacked the “angry middle class parents” who have criticised his proposal of a rise in tuition fees, in an interview with Cherwell.The Chancellor also spoke of his belief in the need for a removal of the cap on top-up fees, driven by his “overwhelming concern” for the future of the university’s finances.“Over the decade we’ve doubled the number of university students and halved the money available to support them,” he explained. “That has huge implications for university finance. There are only three places you can get money from for a university: private benefactors, the taxpayer or tuition fees.”He added, “my overwhelming concern is that I think universities are going to have a very tough time in the next few years and in order to be competitive we need more funding. In those circumstances what do you do – do you simply say we must settle for universities having to be even more badly financed, or do you look for alternatives?”He stated that universities should “by and large be able to set fees for tuition related to the bursaries they provide for less well off students.”He attacked the “angry middle class parents” who have criticised his suggestion that the cap on tuition fees should be lifted, labelling their behaviour “paradoxical” and “bizarre.”He said, “do I think it’s paradoxical at the moment that quite a lot of parents pay a fortune to put their children through private schools and then resent it when they have to pay when universities charge more than 3000 a year. I think it’s absolutely crazy. So I’m unregenerate and have been for, well, since the late 1980s, in advocating tuition fees.”He added, “parents are prepared to spend £20-30000 a year, or if it’s a year £10-15000 a year getting their children into university but then resent paying more than £3000 when their child is at university.”last_img read more

This year and next, starting points key for Dillon

first_imgFor Austin Dillon, it all begins with where he starts — whether that’s his performance this season in NASCAR Nationwide Series races, or his transition to the NASCAR Sprint Cup Series circuit next year.The Richard Childress Racing driver is coming off a runner-up performance Sunday at Iowa Speedway in which he led 207 laps before being passed late in the event by winner Trevor Bayne. As usual, the effort for Dillon began with qualifying, where he claimed a third consecutive pole position that improved his series-best starting position to 4.2. Driver going for record fourth consecutive pole in NASCAR Nationwide Series FULL SERIES COVERAGE• View all articles • View all videos • View all photos”I feel like getting in the car I can go out there and hold it wide open for a lap or be in the gas for the longest.”— Austin Dilloncenter_img Three straight poles place Dillon in a six-way tie for the Nationwide record, along with Bayne, Sam Ard, Jeff Gordon, Mark Martin and Michael Waltrip. Although the overall NASCAR national-series mark may still be a ways off — that one belongs to Mike Skinner, who scored eight straight on the Camping World Truck Series in 1995 — Dillon still has a chance to take ownership of the Nationwide record this weekend at Michigan International Speedway, where he won a pole last year.“We’re going to a track where I’m very capable of setting the car on the pole,” Dillon said Wednesday on a conference call with reporters. His previous three poles have come at Charlotte, Dover, and Iowa, showing off flat-out speed that’s been one of Dillon’s strengths since his days racing on dirt.“I feel like qualifying has always been something, it just comes to me naturally from dirt racing,” he said. “I’ve sat on a lot of poles in dirt cars. One of my favorite things to look back on is, I set the pole for the World 100, one of the toughest dirt races out there, at Eldora. And qualifying has just been something that, I feel like getting in the car I can go out there and hold it wide open for a lap or be in the gas for the longest …. That’s been pretty simple for me, but right now it’s just making sure that we can do that throughout a run, and be fast over a long period of time.”None of Dillon’s poles have yet translated into victories — his runner-up result at Iowa was his best in a season that sees him fourth in points, 46 behind leader Regan Smith. But that early-race track position is still important, particularly in Nationwide events that are typically shorter, and often feature an assortment of moonlighting Sprint Cup drivers mixed in.“In a shorter race like the Nationwide Series races, you don’t have the opportunity to make many adjustments to your car,” he said. “So starting up front, and also having the No. 1 pit stall, is huge. Getting that early pick for a clean pit stall in and out makes your day a lot easier when you don’t have to deal with multiple cars around you when you come down pit road.”Those things may prove even more important next year, when the 23-year-old Dillon is expected to move up to RCR’s Sprint Cup program. This weekend he’s also running the Sprint Cup race at Michigan, in a No. 33 car that will have Shane Wilson as crew chief. It will be the fifth premier-series start this season for Dillon, who has made three of those in James Finch’s No. 51 car, all of it with an eye toward gaining experience and knowledge for next year.“Experience is huge, and running the Truck Series and the Nationwide Series, you don’t ever get that horsepower that you get when you get in those Cup cars,” said Dillon, the 2011 Truck Series champion, and a two-time winner on the Nationwide tour. The purpose of that experience is to give him something to build on when he moves into the premier series as a rookie in 2014.“I think most of all in these races we have this year, (the goal) is to run all the laps. It’s very important to gain experience throughout a full run,” Dillon said. “You go through lots of changes in a Cup race where you have many pit stops and changes, so the cars change a lot more over a long run. Just keeping up with those and making sure we don’t get out early in these Cup races, where we can’t use that experience to help us for next year. That’s really big, to finish these races and get that experience so you have a little bit of a notebook going into next year.”last_img read more

American foreign policy in flux

first_img Inside the Mueller inquiry and the ‘deep state’ The former secretary of state details his frustrations on Iran, Israel, Russia, his revamp of the State Department, and his old boss GAZETTE: Putin famously hacked your phone in 2014 during a call with the U.S. ambassador to Ukraine and put out a somewhat salty transcript, hoping to embarrass you. People now look back at that incident as a sort of harbinger of what would come in 2016 with the election interference. First, do you think there is a connection and why do you think Putin had you hacked?NULAND: [New York Times reporter] David Sanger called me Patient Zero in the Russian hack-and-release strategy, and I think that’s right. When I had that phone call where we were trying to get [former Ukrainian President Viktor] Yanukovych and the opposition to work together on a technical government, I obviously knew it was an open phone line. We were being transparent to the Russians about what we were doing, and the Russians had not publicly released a phone call in some 25 years. It was the beginning of a certain kind of hardball that they were playing with nonmilitary means, if you will. I had been the main interlocutor on the ground, trying to de-escalate the Maidan conflict so that the Ukrainians could find a way back to association with Europe, and obviously Russia was trying to stop that. So if they could take me off the boards by discrediting me with either the Ukrainian opposition, the Europeans, or my own government, then that would be a good win for them. But interestingly, they just ended up raising my profile and strengthening me in the conversation.GAZETTE: You were one of the people in the Obama administration to sound the alarm pretty early on about Russia’s 2016 hacking efforts. If you could go back and quarterback things, what would you recommend the U.S. do to thwart Putin?NULAND: I think the French actually had really good success in the context of [President Emmanuel] Macron’s election in deterring Putin by doing exactly what we had the option to do and didn’t do at the time, which was to go public with what they were up to, expose it, educate our news entities, educate our public. Because sunshine is the best disinfectant. It had the effect in France of virtually neutralizing any impact that the Russians were going to have. There were various things that we recommended in the middle of the campaign to be more overt about what we knew was happening, to put the evidence out, and to, how should we say, “treat the Russians in kind,” if you will — things that might have deterred them. But there were also concerns at leadership level that any activity like that would be twisted in the campaign as interference of our own in our election. And so the decision was made to wait and deal with the Russia problem after the election had happened. I think that nobody at that time anticipated that whomever was elected might choose not to pursue what the intelligence community had found out. So I think it was pretty obvious the tack that President Trump took to these things to make it about himself rather than U.S. national security. So we didn’t anticipate that we wouldn’t ever get the chance to come back to it.GAZETTE: Why is Ukraine of such intense interest to Russia, to Europe, to the U.S., and now, we’ve come to learn, lobbyist-lawyers like Paul Manafort and Rudy Giuliani? Tillerson’s exit interview A vivid account of the very beginnings of the FBI investigations of Hillary Clinton and Donald Trump through the election and the special counsel’s report Relatedcenter_img NULAND: Since 1991, when Ukraine declared its independence in the context of the Soviet Union breaking up, the Ukrainian people have tried three times to build a more democratic, more European state. And every time, that project has disintegrated either through lack of political will or through corrupt influence, including corrupting influence and money from Russia. So, this last time when Maidan happened, remember that the Ukrainian people took to the streets not because they were being denied EU membership; it was EU association. It was freedom to travel, to trade with Europe. And that was frankly too threatening for Putin to tolerate, so he made Yanukovych another offer: “Take $15 billion in loans from Russia instead.” We were always going to stand on the side of the Ukrainian people wanting their independence from Russia. I think Ukrainians at that time really thought that it shouldn’t be zero sum, that they ought to be able to have a strong relationship with Europe and a strong relationship with Russia. And in fact, there might have been advantages to Russia, since it also had free trade with Ukraine. They could’ve figured something out there, which we were trying to negotiate. When Putin decides to retaliate for that by first, biting off Crimea and then a piece of eastern Ukraine, he had violated international rules of the road since the end of World War II: You don’t change borders by force and get away with it. So that was about Ukraine, but it was also about international rules of the road and standards of behavior, and here we were thinking that we could also Europeanize Russia, but not if they’re not going to live by basic standards of good neighborly relations.GAZETTE: Is it economics that he’s worried about in Ukraine, or is it further democratization and Westernization?NULAND: A third of Ukraine speaks Russian; they have cultural and religious and historical roots in common, lots of intermarriage, families back and forth. If the Ukrainians could have a peaceful, democratic European state with a market economy and more opportunity to travel, then Russians would start demanding the same thing of Putin, and Putin wasn’t prepared to give that, so it was intrinsically existentially threatening for Putin.GAZETTE: You served as spokesperson for the State Department under Secretary [Hillary] Clinton. For people who cover foreign affairs, it’s been jarring how both Secretary [Rex] Tillerson and now, Secretary [Mike] Pompeo seem to view the press as a nuisance and don’t value the spokesperson’s role. What role should the press play in the diplomacy ecosystem?NULAND: It’s absolutely essential because without the press, the American public, the global public has no idea what you are doing in terms of your diplomatic pursuits: what you’re trying to achieve, how you’re doing it, who’s doing it with you, why it’s a better alternative than war or other options that you might have. If you know a tree falls in the forest and nobody hears it, what’s the point? It’s always been essential to successful diplomacy to bring the public along and frankly, to have that diplomacy stress-tested against public opinion. I think part of the problem that we have now is with bipartisanship — which always used to begin at the water’s edge, you never would see Republicans and Democrats criticizing the country once they left it. Part of the reason we don’t have that anymore is we’re not out there as a community trying to explain what we’re doing and why diplomacy is better and to bring political leaders along, bring the public along, bring the international community along. So it’s a real loss. It’s part of the great atrophying of America power that we’re not out there explaining ourselves and defending ourselves and trying to create community of common interest.This interview has been edited for clarity and condensed for length. Swirling questions about the chaos in Syria, the fears of Russian leader Vladimir Putin, and why Ukraine is so essential to Russia and the West are suddenly center stage in American political life. They’re complicated issues about which most Americans know very little. But for Victoria Nuland, a senior fellow in the Future of Diplomacy Project at Harvard Kennedy School, they are at the heart of her life’s work. A career ambassador, Nuland spent more than three decades in the U.S. Foreign Service as a top Russian policy expert and representative to NATO, Ukraine, and Europe during the administrations of George W. Bush and Barack Obama. Nuland’s leadership of U.S. support for the Maidan revolution in Ukraine made her the first high-profile victim of politically targeted phone hackings ordered by Putin in 2014. She was also part of an international coalition that included then-Vice President Joe Biden that pressed the post-Maidan Ukrainian government to root out corruption and make reforms. Nuland, who spoke at Harvard about the trans-Atlantic alliance earlier this week, sat down with the Gazette to talk about a range of hot foreign policy issues, though she declined to discuss the Trump administration and Ukrainian President Volodymyr Zelensky because of the ongoing congressional inquiry.Q&AVictoria NulandGAZETTE: What’s your view of the situation in northern Syria right now after the president, saying our presence was no longer necessary, abruptly announced the withdrawal of U.S. troops this month?NULAND: The U.S. does have a strategic interest in how things turn out in Syria, and that’s why we were so involved in ’13, ’14, ’15, ’16, and so on. And it’s not simply, although very importantly, that we went in with our own forces to defeat ISIS on the ground and we need to ensure that it can’t resurge in any way, shape, or form. But it is also so that no other great power, whether Russia or Iran, which is now effectively forming a police force on the ground in towns and villages across Syria for [President Bashar al-]Assad because he can’t maintain public control without them, gains greater influence and ability to extend their geostrategic reach in Syria. I think we have neglected to explain to the American people that either Iran is going to have more control of Syria or Russia is going to have more control of Syria or both. And that means not only that the Syrian people are going to suffer and that the country is going to continue to bleed for a long, long time, but it means that our own ability to affect stability and security in the Middle East will be greatly reduced.GAZETTE: What were some of the knock-on effects of President Trump greenlighting Turkish President Recep Tayyip Erdoğan’s incursion into Kurdish territory in Northern Syria? Are we looking at a regional realignment or is it too soon to say?NULAND: Well, the strategic tragedy of it was that when Trump made his decision, we were in the middle of a very intense negotiation with Turkey about how it could establish a buffer zone to protect its own territory without the U.S. having to leave and in a manner that would ensure that neither the Russians nor Assad nor ISIS regain that territory. And we were about halfway through those discussions. They were difficult, because those are the Kurdish homelands. And there was a question of whether Turkey and the Kurds could coexist if the U.S. was present as an honest broker. And rather than completing that in a way that would be stabilizing for Syria, that would end bloodshed rather than accelerate it and that would keep ISIS bottled up, when Erdogan said, “No, I got this,” Trump said, “Sure,” and we pulled out.I think all of it is dangerous. I think the Turkish ambitions are greater than the Kurds are going to tolerate. They want to recontrol those northern towns, and those are the homelands of these folks who helped us beat ISIS. I don’t think anybody has the capacity to keep ISIS bottled up if we are not present. And now you see the Russians volunteering to be an interpositional force, which just enhances their influence. You already see them talking to the Turks about selling them even more weapons systems. But it also takes the Russian ground reach deeper into the east of Syria, which is why the president has recalibrated now to keep some troops around the oil fields. If Russia and Assad and Iran get control of those oil fields, they’ll be able to finance all of this, and the benefit of that will not go to the Syrian people. It’ll go right into the pockets of the Kremlin and the ayatollahs and the Assad family.GAZETTE: How significant will the death of ISIS leader Abu Bakr al-Baghdadi be in the fight against ISIS?NULAND: I think one of the most important things to remember is we would not have been able to achieve that without intelligence cooperation with both the Kurds and the Iraqis, which we built and nurtured and grew as a result of working together on security problems that they had, and working together against ISIS. So what happens when we withdraw from these relationships and when we’re less reliable? They have to find their own solutions, which might include accommodating ISIS or al-Qaida or whatever. So, are we going to be able to do the next one? It was obviously important to take al-Baghdadi off the battlefield. I thought we could have done it with more grace of discretion. I don’t think bragging about the details was seemly or necessary.GAZETTE: How damaging is U.S. abandonment of the Kurds to our standing in the world?NULAND: When you are an unreliable ally, then countries and leaders around the world who have bet their security by being on your team have to start hedging their bets and developing multiple relationships. And that just leads to the acceleration of the atrophying of American power and influence. So, you’re going to feel it. We’ve already felt it vis-à-vis our ability to influence Turkey’s behavior; we’re certainly going to feel it now in Iraq. Israel has been hedging for quite some time in terms of its relationship with Iran. And you see it in other aspects of U.S. foreign policy. Why should the Germans listen to us when we say, “Don’t deepen your economic and information relationship with China?” Are we offering any alternative to our way to them? No, we’re just telling them what not to do. We’re not working together on what to do. And so, they are hedging their bets vis-à-vis China, as well. “I think we have neglected to explain to the American people that either Iran is going to have more control of Syria or Russia is going to have more control of Syria or both.” On the road to impeachment? Harvard legal and political experts explore the thorny legal and political implications of trying to unseat Trump last_img read more

How to Enable Edge Computing Virtually Anywhere

first_imgNext week at Mobile World Congress, Dell Technologies will be showing off how we can help CoSPs on their digital transformation journey. Our Extreme Scale Infrastructure (ESI) division will be there with our latest edge solutions, including our micro Modular Data Center (MDC). We’ll also have our DSS 9000 rack-scale infrastructure and we’ll be running a number of demos. Read on to get an inside look at what ESI has planned for the show.What’s driving the edge computing trend?The answer is simple…data. The huge amounts of data generated by IoT is accelerating interest in the edge. IDC estimates that by 2025 there will be 80 billion IoT connected endpoints and that the amount of data will exceed 162 zettabytes. When CoSPs need real-time data analysis, local solutions can respond faster than clouds or centralized data centers whose resources are utilized by a huge range of users spanning vast distances.What is the Dell EMC micro Modular Data Center?&nbsp;</p><p>Traditional data center architectures don’t work well for edge-oriented initiatives and it’s the reason ESI introduced a micro MDC. With a footprint smaller than half of a parking spot, Dell EMC micro MDCs are small, nimble data centers that are pre-integrated with compute, storage and networking as well as power & cooling.Dell EMC micro MDCs are complete, easily deployable solutions that can be built to your requirements and can be placed virtually anywhere in the world – indoors or outdoors, at the base of a cell tower or in a local neighborhood. They can leverage outside air or mechanical cooling technologies, be built with one rack or three or more racks, configured with all IT equipment or a mixture of IT and power and cooling.A look at the ITWhile each micro MDC can be tailored to meet your needs, at Mobile World Congress we will be showing off a three-rack solution that features one rack of IT (DSS 9000) alongside two racks of power & cooling and a Dell Edge Gateway that connects varied wired and wireless devices and systems to allow for local analytics. The combination allows you to speed the storage, processing and analysis of data at the edge – helping to generate business-driving insights faster while improving response times for end users.For those of you not familiar with our DSS 9000 rack-level infrastructure, this is an integrated rack that provides compute, storage, networking, power & cooling and rack-level management (via Redfish and a hardware resource manager such as Intel Rack Scale Design [RSD]). Designed to scale with your needs, it’s a leading example of the shift toward software-defined infrastructure and has been recently recognized by the Open Compute Project (OCP) Foundation as OCP-INSPIRED™. It provides the scalability, agility and manageability you need to distribute more processing power closer to the edge.Another key piece of DSS 9000, in combination with Redfish and Intel RSD, is that it enables composable systems – meaning users can allocate pools of compute, storage and networking dynamically across workloads as they need them and within the cloud environment of their choice. This becomes even more important in the IoT era when your underlying infrastructure needs to support a wide variety of workload requirements. We’ll be demonstrating this capability in an OpenStack environment at the event and you can find more details, including a step-by-step how-to in the following whitepapers:Transforming Management for Scale-Out InfrastructureOpenStack Kickstart Guide for DSS 9000Managing from a single-pane-of-glassWhile we’re very excited to be showing off our micro MDC and the associated IT at Mobile World Congress, one critical piece that should not be overlooked is the management of edge solutions. It’s one thing to build and deploy edge computing solutions; and another to manage these capabilities as they become more widespread.Our micro MDCs are managed as a unified, software-defined environment via software we call MDCi. This means operators can administer and manage multiple MDCs from all over the world as well as the associated IT and data center sensors from a single point of control. At Mobile World Congress we will be demoing the software alongside our development partner, OSIsoft, and showing how MDCi can provide a ‘one-stop shop’ for IT and facilities personnel.Visit us at Mobile World CongressThis will be our biggest year yet at Mobile World Congress and we’d certainly like to connect in person. You can find Dell EMC inside the VMware booth in Hall 3, Booth 3K10. Please drop by to check out our solutions in person, to request a meeting or to just say hello. And if you won’t be at the event, that’s ok too…simply email us if you have any questions. You can also learn more about the ESI and our edge computing solutions in this whitepaper from Heavy Reading (Dell EMC Extreme Scale Infrastructure Brings Power to the Edge). With Mobile World Congress less than a week away, we are sure to hear a lot about edge computing, the Internet of Things (IoT), Network Function Virtualization (NFV), and 5G, among other trends this year. And rightfully so when you consider how communications service providers (CoSPs) are continually evolving their business models to add new products and services that bring additional revenue streams while also trying to:Better compete with Web-based service providersDeploy distributed infrastructure closer to the edge of the networkEnsure end-users receive instant access to applications and serviceslast_img read more

This Week, You’ve Got Dates with Tony Danza, Alan Cumming & Jonathan Groff!

first_imgOh, hello spring, we’ve missed you! It’s been a long, hard winter, but it’s finally time to leave your comfy, comfy bed and venture outside. But don’t worry, there’s plenty of theater-centric fare going on in New York City this week to make it totally worth it. We promise. Check out our picks for the week! Spend the Night with Alan CummingApril 10 on NBCAlan Cumming is coming! The actor is currently reprising the Tony-winning role of the Emcee in Cabaret, but if you can’t get to Studio 54, you can see him perform the show’s opening number “Willkommen” on The Tonight Show with Jimmy Fallon. We know he’s going to knock it out of the park! Now we’re just hoping his nipple glitter is also making a reprise. Star Files Get Lucky with Tony DanzaApril 7 at 54 BelowLove, lust, gambling and Tony Danza! What more do you need? Get a sneak peek of Jason Robert Brown’s Broadway-bound musical Honeymoon in Vegas, featuring the top-drawer cast from the original Paper Mill Playhouse production. That cast includes Tony nominee Rob McClure, Brynn O’Malley, Nancy Opel and yes, Mr. Danza. We do, we do! Click for tickets! Two Words: Daniel RadcliffeBeginning April 12 at the Cort TheatreThat’s right, DanRad fans: the Harry Potter fave is back on Broadway, and he’s proving again what a versatile performer he really is. Radcliffe is shedding the brightly-colored musical trappings of How to Succeed in Business Without Really Trying, his last Broadway outing, to take on the title role of The Cripple of Inishmaan, a dark Martin McDonagh play that Radcliffe himself has described as “brutally funny.” We. Can’t. Wait. Click for tickets! Hit the Y with Groff & LukerApril 5 through 7 at 92Y UptownBroadway faves Jonathan Groff and Rebecca Luker join forces (and incredible voices) to honor two of Broadway’s true greats: Richard Rodgers and Oscar Hammerstein II. This incarnation of the Lyrics and Lyricists series at 92Y will feature music from their big hits like Oklahoma!, Carousel and The King and I, and a never-before-heard song from South Pacific. This is very literally music to our ears. Click for tickets! View Comments Jonathan Groff See Bullets Fly (But Don’t Speak)Opening April 10 at the St. James TheatreIs it us, or did Broadway just get a little more glamorous? It must be the opening night of Bullets Over Broadway, a heavy-hitter in terms of both story and star power. Zach Braff plays an aspiring playwright forced to cast a no-talent mobster’s girlfriend in his new play, and of course, hilarity ensues. Written by Woody Allen and directed and choreographed by Susan Stroman, this splashy new musical comedy is a must-see. Click for tickets!last_img read more

Members demand new payment models

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Changing member demands – especially among millennials – and the adoption of mobile wallets, person-to-person transactions, wearables and other forms of disruptive technology are transforming the payment model for credit unions.For credit unions to take advantage of mobile payments, they need to understand how member behavior continues to reshape the market structure for payments and money transfers. continue reading »last_img

Govt proposes new bill on state ideology agency, delays controversial bill on Pancasila

first_imgThe BPIP bill arose amid controversies surrounding the deliberation of the HIP bill, which has received backlash from members of the public who questioned the timing of its deliberations as well as some of contentious articles in it.Read also: :Communist phobia sinks Pancasila bill at HouseOn Thursday, several Islamic groups, including the 212 Rally Alumni – a group formed from people who participated in the 2016 rally against then-Jakarta governor Basuki “Ahok” Tjahaja Purnama who faced prosecution for blasphemy – even hit the street outside the House compound to express their opposition to the HIP bill.Supported by the ruling Indonesian Democratic Party of Struggle (PDI-P), the HIP bill was initially intended to regulate the values of the Pancasila ideology and the functions of the BPIP, the steering committee head of which is the party’s chairwoman and former president Megawati Soekarnoputri.Activists, scholars and various groups have voiced opposition to the bill, with some prominent Islamic organizations in particular questioning the draft bill’s failure to include the 1966 TAP MPRS, which they feared could open the door for the reemergence of communist ideology in the country.The Indonesian Ulema Council (MUI) went as far as to deem the contents of the draft bill “secular and atheistic”, arguing that it degraded ideology of Pancasila itself.The government subsequently decided to halt deliberations of the HIP bill.Puan, who welcomed the ministers with the House deputy speakers on Thursday, said she expected the agreement between the House and the government on the BPIP bill to end all debate among the public about the HIP bill.”I hope that after this, all the controversies surrounding the HIP bill over the past few weeks will be over and we can work together in harmony to address the COVID-19 pandemic and its impacts,” the PDI-P politician added.Topics : The government submitted its newly proposed bill on the Agency for Pancasila Ideology Education (BPIP) to the House of Representatives on Thursday as both parties sought to end the controversies surrounding the much-criticized Pancasila Ideology Guidelines (HIP) bill.Coordinating Political, Legal and Security Affairs Minister Mahfud MD visited the house complex in Central Jakarta on Thursday and met with House of Representatives speaker Puan Maharani, during which they agreed to delay the deliberation of the HIP bill and move forward with the BPIP bill instead. Mahfud asserted that the BPIP bill was different from the controversial HIP bill, saying that the latter included the Temporary People’s Consultative Assembly Decree (TAP MPRS) No. 25/1966 on the banning of communism in Indonesia as one of its underlying foundations.”We also emphasize the Pancasila ideology that we officially use here in Chapter 1, Article 1 and Point 1 of the bill,” Mahfud said, before mentioning the five principles of Pancasila.Mahfud visited the House together with some of the top brass of the government, namely State Secretary Pratikno, Defense Minister Prabowo Subianto, Home Minister Tito Karnavian, Law and Human Rights Minister Yasonna Laoly and Administrative and Bureaucratic Reform Minister Tjahjo Kumolo. “We agree to be as transparent as possible so people can discuss and criticize the [BPIP] bill,” Mahfud said.last_img read more

Delbert Knudson, 77, Holton

first_imgDelbert D. Knudson, 77, of Holton passed away at 3am, Tuesday, September 25, 2018 at his home. He was born at Bell, California on November 2, 1940 the son of Harlon and Mary Evelyn Pelsor Knudson. He was married to Arlene Rathburn on September 18, 1970 and she survives. Other survivors include two daughters Sharon (Anthony) Miller of Versailles, and Lea Turner of Milan; three grandchildren Cody and Coleman Turner, and Alexandria Miller; two brothers Jerome (Harriet) Knudson of Dayton, Ohio and Norman (Pina) Knudson of Holton; one sister Daphne (Rex) Heiny of Pekin. He was preceded in death by his parents, his nephew Joe Knudson, and his sister Elaine McCarthy. Mr. Knudson was a 1958 graduate of Holton High School and served from 1967 to 1969 in the US Army at Ft. Belvoir, Virginia with the Military Police. Delbert was an Indiana Conservation Officer where he served in Union, Decatur, and Ripley Counties, retiring in 1997. In 1950, at the age of ten, he became an Indian artifact collector, a hobby he enjoyed throughout his life. This November his lifetime collection will be donated to and on display at the Eagle Creek State Museum in Indianapolis. In retirement years he and Arlene were known throughout the community for their truck farm. They began their business selling at farmers markets in Cincinnati and later expanded to Columbus, Greensburg, Indianapolis, and Osgood. Delbert was a member of the Holton Christian Church and also the NRA. Funeral services for Delbert will be held at 11am, Friday, September 28th at the Stratton-Karsteter Funeral Home in Versailles with Pastor Bob McCreary officiating. Burial will be in the Hopewell Cemetery with military graveside rites by the Versailles American Legion. Visitation will be on Thursday from 5pm to 8pm. Memorials may be given to the donor’s choice in care of the funeral home.last_img read more

Real Madrid deny splashing €160m to sign Hazard from Chelsea

first_imgReal Madrid have dismissed claims from the Belgian press that they paid a total of €160m to sign Eden Hazard from Chelsea a year ago, reports Marca.Advertisement Promoted ContentRobert Pattinson Showed The GQ Magazine What Quarantining MeansCouples Who Celebrated Their Union In A Unique, Unforgettable WayUse Your Zodiac Signs To Find A Perfect JobWho Is The Most Powerful Woman On Earth?The Very Last Bitcoin Will Be Mined Around 2140. Read More8 Ways Drones Will Automate Our FutureBest & Worst Celebrity Endorsed Games Ever Made13 kids at weddings who just don’t give a hoot9 Iconic Roles That Got Rejected By World Famous Actors6 Incredibly Strange Facts About HurricanesCan Playing Too Many Video Games Hurt Your Body?7 Universities Where Getting An Education Costs A Hefty Penny Reports from Het Leatste Nieuws and La Derniere Heure say that the total payments emanating from Los Blancos was €160m due to the accounts of his former clubs Chelsea, Lille and Tubize in Belgium. Loading… center_img Read Also: Suarez agrees to join Juventus from Barcelona – reportHazard netted just one goal across 22 appearances in his debut campaign in Spain, although Madrid ended up winning their first league title in three years.The Belgian international suffered a fracture to his right distal fibula during the 1-0 La Liga loss at Levante in February – just a week after he returned from a similar three-month layoff, summing up a difficult campaign.FacebookTwitterWhatsAppEmail分享 The club are insistent they paid €100m for the Belgian international, who has suffered a difficult first year in the Spanish capital due to multiple injuries and a loss of form.last_img read more