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Sainsbury’s misses quarter four target as times get tough

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first_img J Sainsbury, the third-biggest supermarket group, missed fourth-quarter sales forecasts and said trading was likely to remain tough as shoppers face rising fuel prices and government spending cuts.The group, which trails Wal-Mart’s Asda and industry leader Tesco by annual sales, said on sales at stores open over a year rose one per cent, excluding fuel but including VAT sales tax, in the ten weeks to 19 March.That was down from 3.6 per cent growth in the previous quarter and compares with an average forecast rise of 2.4 per cent in a Reuters poll of 10 analysts.“We expect the consumer environment to remain tough, with our customers facing fuel price inflation, uncertain employment prospects and government spending cuts,” Sainsbury’s said, adding its performance was better than the wider grocery market.Sainsbury’s has been growing sales faster than most of its rivals for several quarters, helped by its strength in the more affluent south of England as well as its expansion into online and convenience shopping and non-food ranges like clothing. John Dunne Wednesday 23 March 2011 3:53 am whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Share Tags: NULL Show Comments ▼ whatsapp Sainsbury’s misses quarter four target as times get tough last_img read more

IPL 2021 Auction: Royal Challengers Bangalore (RCB) captain, Highest-paid player of…

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first_imgIPL 2021/ Squad Size/Salary Cap/Available Slots 9RCB2021Shahbaz Ahmed2000000 By Kunal Dhyani – February 16, 2021 RR17550.1534.8583 Euro 2020: Thomas Muller says Germany can’t become arrogant after defeating Portugal Share on Facebook Tweet on Twitter 10RCB2021Josh Philippe2000000 TAGSIPL 2021 auctionRCB captain Highest-paid player of IPL 2021RCB captain Salary Cap 2021Royal Challengers Bangalore IPL 2021 AuctionRoyal Challengers Bangalore remaining purse SHARE 1RCB2021Virat Kohli170000000 WTC Final Live: Virat Kohli continues century drought as Kyle Jamieson wins IPL team rivalry 7RCB2021Navdeep Saini30000000 KXIP16331.853.295 by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeIPL 2020: Bad news for Sunrisers Hyderabad’s Jonny BairstowUndoFree Fire Redeem Codes for April 13th, Best ways to Redeem themUndoGarena Free Fire: Top Three App tricks to earn Free Diamonds in Garena Free Fire OB28 VersionUndoCheck Royal Challengers Bangalore (RCB) captain, highest-paid player of IPL 2021, remaining purse, squad size, salary cap, available slots, retained list and released players.Royal Challengers Bangalore (RCB) CaptainVirat KohliIPL 2021 Salary – 17 CroreIPL 2021 Team- Royal Challengers Bangalore (RCB)Total IPL salary- 143,20,00,000 Virat Kohli is an Indian cricketer and the current captain of the India national team. A right-handed top-order batsman, Kohli is regarded as one of the best contemporary batsmen in the world. He plays for Royal Challengers Bangalore in the Indian Premier League, and has been the team’s captain since 2013.Royal Challengers Bangalore (RCB) Retain Virat Kohli in IPL 2021Virat Performance in IPL 2020: Virat Kohli Score 466 runs in 15 matchesRoyal Challengers Bangalore (RCB) Highest-paid player of IPL 2021 WTC Final Day 3 LIVE Score: Rishabh Pant off the mark with a boundary after 20 balls; IND 155/4; follow Live Updates 12RCB2021Pavan Deshpande2000000 Cricket 6RCB2021Washington Sundar32000000 Cricket 5RCB2021Kane Richardson40000000 RELATED ARTICLESMORE FROM AUTHOR WTC Final LIVE: Shubman Gill declares, ‘Total above 300 will be really competitive score for us’ CricketIndian premier leagueIndian Premier League 2021SportSport News Cricket DC19672.098212.901862 SNOTeamYearNAMEAMT 3RCB2021Yuzvendra Chahal60000000 MI18469.6515.3574 Previous articleCSK captain MS Dhoni and Sakshi dance at a friend’s wedding, Watch VideoNext articlePSL 2021 | ‘Will provide quality entertainment to fans’: Rashid Khan all geared up for PSL debut Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. 11RCB2021Devdutt Padikkal2000000 SRH22774.2510.7531 Total13942483.39196.66122 CSK18762.122.971 Football Facebook Twitter This Day That Year: Australia thrashed Pakistan to lift their 2nd World Cup title FranchiseNo of PlayersNo of Overseas PlayersTotal  money spent (Rs.)Salary cap available (Rs.)Available SlotsOverseas Slots Royal Challengers Bangalore (RCB) SQUAD : Released and Retained Players ListRoyal Challengers Bangalore (RCB) Retained Players:  Virat Kohli, AB de Villiers, Yuzvendra Chahal, Devdutt Padikkal, Navdeep Saini, Washington Sundar, Mohammed Siraj, Kane Richardson, Adam Zampa, Josh Philippe, Shahbaz Ahmed and Pavan DeshpandeRoyal Challengers Bangalore (RCB) Released Players:  Aaron Finch, Chris Morris, Isuru Udana, Moeen Ali, Pawan Negi, Gurkeerat Singh Mann, Shivam Dube, Dale Steyn, Parthiv Patel and Umesh Yadav.IPL 2021 Auction: Royal Challengers Bangalore (RCB) captain, Highest-paid player of IPL 2021, remaining purse, Squad Size, Salary Cap, Available Slots, Retained List, Released players all you need to knowRoyal Challengers Bangalore (RCB) captain remaining purse, Squad Size, Salary Cap, Available Slots Cricket LIVE Cricket Score IND vs NZ WTC Final: India VS New Zealand Live score, ball by ball coverage, Virat Kohli starts Day 3: Follow… 4RCB2021Adam Zampa40000000 Tokyo Olympics: Organisers working on safe stay and training of Indian athletes in Games Village KKR17674.2510.7582 IPL 2021 Auction: Royal Challengers Bangalore (RCB) captain, Highest-paid player of IPL 2021, remaining purse, Squad Size, Salary Cap, Available Slots, Retained List, Released players all you need to know ATP Tour IPL 2021 Auction: Royal Challengers Bangalore (RCB) captain, Highest-paid player of IPL 2021, remaining purse, Squad Size, Salary Cap, Available Slots, Retained List, Released players all you need to know, Royal Challengers Bangalore (RCB) retain 12 members of their IPL 2020 squad and the likes of Aaron Finch and Moeen Ali have been released from the squad. The likes of Virat Kohli, Ab de Villiers and Yuzvendra Chahal will be seen for RCB this season. While, key performers of last season like Devdutt Padikkal and Mohammed Siraj have also been retained. Australia limited-overs skipper Finch and England all-rounder Moeen Ali along with South Africa’s Chris Morris have been shown the door.Also Check – IPL 2021 Auction – Chennai Super Kings (CSK) captain, Highest-paid player of IPL 2021, remaining purse, Squad Size, Salary Cap, Available Slots, Retained List, Released players all you need to know PSL 2021 Playoffs: Schedule, Timing, LIVE streaming, list of champions; all you need to know Sport News ATP Tour RCB12449.135.9134 Cricket IPL 2021 Auction: Royal Challengers Bangalore (RCB) captain, Highest-paid player of IPL 2021, remaining purse, Squad Size, Salary Cap, Available Slots, Retained List, Released players all you need to know 8RCB2021Mohammed Siraj26000000 Halle Open 2021 Final: Ugo Humbert vs Andrey Rublev, Head-to-Head, LIVE streaming; all you need to know YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoFreight & Shipping Quotes | Search AdsResearch & Compare Freight & Shipping QuotesEnjoy Affordable Freight & Shipping Services With These Service ProvidersFreight & Shipping Quotes | Search Ads|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleNow she has a normal job.MoneyPail|SponsoredSponsoredUndo Queens Club Final: Matteo Berrettini vs Cameron Norrie, Head-to-Head, LIVE streaming; all you need to know Cricket 2RCB2021AB de Villiers110000000last_img read more

Turnall Holdings Limited (TURN.zw) HY2014 Interim Report

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first_imgTurnall Holdings Limited (TURN.zw) listed on the Zimbabwe Stock Exchange under the Building & Associated sector has released it’s 2014 interim results for the half year.For more information about Turnall Holdings Limited (TURN.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Turnall Holdings Limited (TURN.zw) company page on AfricanFinancials.Document: Turnall Holdings Limited (TURN.zw)  2014 interim results for the half year.Company ProfileTurnall Holdings Limited produces and markets materials for the building and construction industry in Zimbabwe. The company operates in a number of segments; building products which includes ceiling boards and roofing sheets, partitioning and fascia boards, flat sheets and ceiling molds; piping products which includes water and sewer reticulation pipes; and concrete products which includes roof tiles. The company also produces a line extension range that includes Turnallware flowerpots and garden décor product, Nutech non-asbestos sheets and Spanish pavers. The fiber cement division targets the low-income housing sector, local authorities and municipalities through two divisions; Turnall Building Products and Turnall Piping Products. Turnall Holdings Limited has distribution outlets in Zimbabwe, South Africa, Mozambique, Zambia and Malawi. Turnall Holdings Limited is listed on the Zimbabwe Stock Exchangelast_img read more

Charity Commission publishes guidance on disaster relief appeals

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first_imgCharity Commission publishes guidance on disaster relief appeals Howard Lake | 4 September 2012 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The Charity Commission has published ./guidance on starting, running and supporting charitable disaster appeals. The advice is directed both at charities and members of the public wishing to give money or set up fundraising activities in response to a disaster or humanitarian crisis.With information on the legal and best practice framework for charitable appeals, the ./guidance points out that people can support relief efforts without necessarily setting up new charities. Indeed, the Commission recommends that “often the best way to help in the aftermath of a disaster is to give money, time or skills to existing charities which already have systems in place.”At the heart of the ./guidance is the need to encourage effective giving to current and future appeals, and to protect public trust and confidence in charities. For example, it includes advice for trustees and on how to recognise and prevent fraud that may affect a charity or its appeal.The importance of wordingThe ./guidance emphasises the importance of wording appeals in a way that lets the public know exactly what they are supporting. Charities should, for example, make clear what they can achieve realistically, and what will happen to any surplus funds.The Commission and the Disasters Emergency CommitteeThe ./guidance is based on lessons learned from a number of disaster appeals and relief campaigns over the past 10 years, including the Haiti earthquake, Pakistan floods and the Japanese tsunami. The Commission has worked with the Disasters Emergency Committee (DEC) to ensure that key lessons have informed the new ./guidance.Kathryn Hindley, Deputy Chief Executive of the DEC, said: “The DEC welcomes the Charity Commission’s new ./guidance on disaster relief appeals. The increased prevalence of the internet and social media over the last decade has made disasters more visible and we have seen an increased desire in people wanting to help. This makes the proper administration of disaster relief appeals of fundamental importance, to ensure money donated is being used where it is intended. The new ./guidance should help make this process clear so that resources can be more focused on disaster relief.”www.charitycommission.gov.uk Advertisement Tagged with: Charity Commission DEC disaster Individual giving Law / policy  34 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Nominations open for 2014 Nestlé Prize in Creating Shared Value

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first_imgNestlé is inviting nominations of innovative initiatives in nutrition, water or rural development for its 2014 Nestlé Prize in Creating Shared Value.The winner will receive up to 500,000 Swiss francs (approximately £336,000) to help scale up or replicate the project. Nestlé is looking for “innovative, commercially viable and high-impact initiatives”.The prize is open to individuals, not-for-profit organisations, private companies, social enterprises, and academic institutions around the world. Advertisement Howard Lake | 24 November 2012 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Nominations open for 2014 Nestlé Prize in Creating Shared Valuecenter_img Tagged with: Awards corporate Funding  20 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The deadline to apply is 31 March 2013.This year Nestlé awarded the Prize to one winner and two runners up, one of whom was Excellent Development, the UK charity.www.nestle.com/CSV/CSVPrizelast_img read more

GlobalGiving UK announces next Gateway Challenge for charities

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first_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.  26 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis GlobalGiving UK announces next Gateway Challenge for charities Howard Lake | 14 March 2013 | News Tagged with: Consulting & Agencies Digitalcenter_img Organisations that raise at least £2000 from 50 donors will gain a permanent place and access to other donors on GlobalGiving.co.uk.The deadline to apply to take part is 8 April 2013. Successful applicants will then take part in online fundraising training in May, and the actual campaign will run from 1 to 30 June.GlobalGiving UK has worked with over 350 small charities. More than 100 have joined through the Gateway Challenge.Kathryn Garnett from African Steps explained how the Gateway Challenge helped raise £13,000 for their TB prevention project in Malawi.“I am extremely grateful to the GlobalGiving UK team for their help with the fundraising Challenge…” she said. “They gave me endless, willing advice. I have learnt so much by taking part in the fundraising challenge and am sure that our organisation will benefit from the new skills learnt for many years to come. Thank you GlobalGiving UK team!”www.globalgiving.org/dy/v2/uk/pe/nomination/create.html GlobalGiving UK has announced its next Gateway Challenge, an opportunity for a small group of charities to join its online fundraising platform.Since 2002 GlobalGiving has helped charities raise over £50 million. GlobalGiving UK is a registered charity. What is Gateway Challenge?It is a year since GlobalGiving UK last accepted more charity members to its network. By taking part in the next Gateway Challenge other organisations can run a fundraising campaign that gives them a chance to build their online fundraising skills and presence, and gives supporters another reason to donate. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

No life sentence! Free Mumia Abu-Jamal!

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first_imgMumia Abu-JamalTaken from an Oct. 5 press release issued by Rachel Wolkenstein, an attorney who legally represents political prisoner Mumia Abu-Jamal.Judge Pamela Dembe, president of the Philadelphia Court of Common Pleas, affirmed her secret sentencing of Mumia Abu-Jamal to life imprisonment and dismissed Mumia’s post-sentence motion on Oct. 1, according to the court docket records. Dembe’s order followed the [District Attorney’s] motion to dismiss, which outrageously asserted that a life sentence was “the precise relief” Mumia sought over the past thirty years!The DA’s motion centered on a false rendition of the prosecution’s “evidence” against Mumia. It went way beyond the even perjured and coerced testimony that was presented at the trial. Needless to say, it ignored the federal court rulings that Mumia was unconstitutionally and illegally sentenced to death.It was Judge Dembe who deemed it irrelevant that Judge Albert Sabo, the trial judge and Post Conviction Relief Act judge from 1995-1998, admitted his bias and racism with his declaration, overheard by a court stenographer, “Yes, I’m going to help them fry the n——-.”It was Sabo’s instruction to the jury that the courts found to be illegal. Dembe in 2001 refused to hold an evidentiary hearing on Sabo’s bias as well as new evidence of Mumia’s innocence, including the confession of Arnold Beverly who swore he was the man who killed police officer Daniel Faulkner.On Aug. 13, Judge Dembe imposed a life sentence without parole on Mumia, without even notifying him. This was in flagrant violation of constitutional and Pa. statutory law, intended to foreclose Mumia’s right to challenge his sentence to “slow death row” — life sentence without parole. Had Mumia known of the impending sentencing, he would have argued for immediate release from prison pursuant to a motion for extraordinary relief based on thirty years of solitary confinement on death row pursuant on an illegal sentence. The decade he spent in solitary confinement, while the DA tried to get the death sentence reinstated by the Federal Court of Appeals and U.S. Supreme Court, was retaliation against Mumia for not being silenced.Mumia’s post-sentence motion challenged Judge Dembe’s secret proceeding. It also was a constitutional challenge to life imprisonment without parole as a violation of the Eighth Amendment prohibition against cruel and unusual punishment, the Pennsylvania Constitution’s prohibition against cruel punishments, evolving standards of decency and international law. It further challenged solitary confinement and the fact that death-row prisoners are illegally kept in solitary.Mumia’s challenge to a life-imprisonment sentence unified the fight of all those men and women who are fighting state torture, the death sentence, the “slow death row” of life imprisonment, and the debilitating and degrading conditions of incarceration. Having been defeated and denied a “legal lynching,” the state wants Mumia to rot away in prison. Our fight continues to be freedom for Mumia, as part of the fight for liberation of all humankind.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Western wildfires spawned by capitalism

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first_imgSept. 20 — Five people have been killed by ferocious wildfires sweeping through California, including a disabled woman burned to death when she could not escape her home on Sept. 12. More than 1,000 homes have been destroyed as of Sept. 20, with thousands more still threatened. More than 23,000 people have fled their homes. Other western states, including Washington, Oregon, Idaho and particularly Alaska, have seen a huge spike in wildfires this year.  As of July, some 5 million acres of Alaska’s forests, more than the size of the state of Connecticut, burned in hundreds of wildfires. Scientists warn that these fires could melt huge areas of permafrost, which covers 80 percent of the state. In turn, this could release millions and millions of tons of carbon emissions from methane into the atmosphere, greatly accelerating global warming. (“Alaska’s terrifying wildfire season and what it says about climate change,” washingtonpost.com, July 26)Ironically, the current worldwide glut of oil caused by capitalist overproduction has resulted in a decline in fuel prices. Alaska’s government, which depends on tax revenue from the same big oil companies that have caused global warming, now has less money to spend fighting these fires.More than 4,000 prisoners, nearly half the 10,000 firefighters involved, are fighting the blazes in California. The work is incredibly hard and dangerous. Prisoners cut fire lines in steep areas that bulldozers can’t reach, stripping away brush and trees to expose soil that won’t burn. For doing this work next to flames that shoot 100 feet into the air, they are paid a paltry $1 an hour. While being trained, they get about $2 a day. (thinkprogress.org, Aug. 13)Courts have ruled that California must greatly reduce the number of inmates in its prisons. The harsh conditions of these overcrowded and segregated jails have forced many prisoners to “volunteer” for fire duty. But since California saves so much money from this slave labor — up to $1 billion per year — its lawyers actually filed documents late last year saying that state parole programs for released prisoners would “severely impact fire camp participation — a dangerous outcome while California is in the middle of a difficult fire season and severe drought.” Increase in wildfires traced to drive for Wall Street profitsWildfires have always burned in the western part of the country. But scientists have noted a huge increase in their number and strength. “Wildfires in the western United States have been increasing in frequency and duration since the mid-1980s, occurring nearly four times more often, burning more than six times the land area and lasting almost five times as long (comparisons are between 1970-1986 and 1986-2003),” says the Union of Concerned Scientists.The group adds that “wildfire seasons (seasons with higher wildfire potential) in the United States are projected to lengthen, with the southwest’s season of fire potential lengthening from seven months to all year long. Additionally, wildfires themselves are likely to be more severe.“The risk to property owners at the ‘wildland-urban interface’ in California (more than 5 million homes in southern coastal California, the Bay Area, and north of Sacramento) is projected to increase with the increase in wildfires near these areas.“The environmental and health costs of wildfires are also considerable; not only do wildfires threaten lives directly, but they have the potential to increase local air pollution — exacerbating lung diseases and causing breathing difficulties even in healthy individuals.”Yes, each wildfire is a “natural” disaster. But, clearly, the huge increase in the number and intensity of these fires can be traced right back to Big Oil, to Big Coal, to hydraulic fracturing and, of course, to Wall Street’s insatiable drive for profits. They are the root cause of each catastrophic effect of global warming.The only way to reduce the “human” cause of global warming is to create the technologies that allow us to leave the coal, oil and natural gas in the ground. What stands in the way of doing that are the giant corporations and banks, the billionaires from Warren Buffet to, yes, Donald Trump, who stand to lose trillions of dollars in profits from such a shift.To end the obsolete burning of fossil fuels for energy, the workers and oppressed must join together to end the obsolete capitalist economic system once and for all. FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

DHgate Kicks Off First Winter Clearance With Non-Stop Logistic Service Over Chinese Lunar New…

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first_img DHgate, one of China’s leading B2B cross-border eCommerce platforms, has announced its first winter clearance during the holiday, running from February 4 to 24, with deals offering up to 80% off. DHgate Kicks Off First Winter Clearance With Non-Stop Logistic Service Over Chinese Lunar New Year WhatsApp Local News Twitter TAGS  By Digital AIM Web Support – March 4, 2021 Twittercenter_img Facebook WhatsApp Pinterest Pinterest Facebook Previous articleCOVID-19 Impact and Recovery Analysis |Potash Market Procurement Intelligence Report Forecasts Spend Growth of Over USD 0.82 Billion | SpendEdgeNext article6N: May’s spectacular try helps England beat Italy 41-18 Digital AIM Web Supportlast_img read more

Rising House Prices Trail Pre-Housing Bubble Levels

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first_img First American Great Recession Housing Bubble housing prices inventory shortage real home price index 2017-11-30 David Wharton Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Rising House Prices Trail Pre-Housing Bubble Levels Share Save Home / Daily Dose / Rising House Prices Trail Pre-Housing Bubble Levels According to the latest First American Real Home Price Index, slightly lower interest rates and higher wages helped increase consumer home-buying power between August and September 2017. Supply shortages continue to ensure that demand is outpacing supply, driving up prices as many existing homeowners remain reluctant to sell for fear of not being able to find a new house. In spite of that, however, home prices continue to be well below their pre-Recession, pre-housing bubble levels.The First American Real House Price Index (RHPI) “measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on consumer house-buying power over time and across the United States.” It uses income levels and interest rates to adjust the home prices “in order to better reflect consumers’ purchasing power and capture the true cost of housing.” It then assigns an RHPI rating using January 2000’s numbers as a baseline value of 100. For September 2017, the RHPI nationwide was 82. This places it 8 percent higher than the same time last year, but down 0.9 percent from the previous month.According to the report, real house prices are 38.9 percent below their housing boom peak in July 2006. That disparity is to be expected given the unsustainable price surges of the bubble, but real prices are also 17.9 percent below the level of real prices in January 2000. Without the RHPI’s adjustments, house prices increased by 5.7 percent in September 2017 year-over-year, and were 4.7 percent above the housing boom peak in 2007.The RHPI paints a very different picture of home prices than is revealed at first glance. Housing prices unsurprisingly dropped significantly after the housing bubble burst, but many markets have since seen those prices continue to increase. However, the RHPI reveals that, even with those increases, prices still lag well below even their pre-bubble totals.To demonstrate this, RHPI’s new report compares house prices in both San Francisco, California, and Detroit, Michigan—ostensibly, two very different markets. However, both showed home price drops of approximately 60 percent over three years after their peak in the middle of the previous decade. Since then, the recovery of real home prices has been shallow when compared to the unadjusted numbers.“The common perception is that San Francisco, the shining example of the new economy, and Detroit, the tarnished example of the old economy, couldn’t be more different cities when it comes to housing costs,” says First American’s report. “Yet, after adjusting for income growth and mortgage rates and their influence on house-buying power, real house prices in both cities remain well below the pre-recession peak.” in Daily Dose, Featured, Journal, Market Studies, News About Author: David Wharton  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Sign up for DS News Daily center_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: First American Great Recession Housing Bubble housing prices inventory shortage real home price index Demand Propels Home Prices Upward 2 days ago Previous: HUD Relief Coming to Florida and Texas, But When? Next: Title Insurers Look Forward to Strong 2018 November 30, 2017 1,738 Views Servicers Navigate the Post-Pandemic World 2 days ago 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] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days agolast_img read more