Something brown and smelly is coming from the kitchen tap

first_imgWATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Twitter Previous articleLimerick woman rescued from bridge over River ShannonNext articlePregnant Limerick mother died after hospital release Alan Jacqueshttp://www.limerickpost.ie Print WhatsApp Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Limerick Ladies National Football League opener to be streamed live Email Predictions on the future of learning discussed at Limerick Lifelong Learning Festival TAGSAnti Austerity AllianceCllr Cian PrendivillefeaturedIrish WaterlimerickWater Charges center_img Linkedin Limerick’s National Camogie League double header to be streamed live Facebook RELATED ARTICLESMORE FROM AUTHOR Michael Mulcahy with a sample of the water from his tap in Kennedy Park.Picture: Keith WisemanMichael Mulcahy with a sample of the water from his tap in Kennedy Park.Picture: Keith Wiseman“THE smell off it was putrid, it was like faeces.”This was the description of the gunky water coming from the kitchen tap of Kennedy Park resident Michael Mulcahy this Tuesday afternoon.According to the 56-year-old, who lives on an invalidity pension at his home on the Galvone Road, this is the second time in less than a week that his tap water has turned this murky colour. He turned on his tap around midday and was overwhelmed by the “rancid” stink and pigmentation of the water.“This is not a joke. It happened last Thursday as well and about two months before that too. It is happening far too often. Something needs to be done about it.Sign up for the weekly Limerick Post newsletter Sign Up “You should see the water in my tank in the attic. It is like brown shite. I also took a picture of a glass of water as it was coming out of the tap and it was filled with sediment. The stink off it was unbearable. It is just sickening. I certainly wouldn’t drink the water coming out of the taps.“I let the tap run for about ten minutes and the yellow colour eventually ran out of the water. I had clothes in the washing machine at the time and they were destroyed. The smell was disgusting. I had to put more washing powder in the machine and wash them all over again.Mr Mulcahy, who is opposed to water charges, said he didn’t call Irish Water to register his complaint as he feared this would be misconstrued as him signing up for the utility’s services.“I definitely have no intention of paying water charges. I am totally against them. The water up here is undrinkable and people are sick of the shite that is coming through the taps. It has to be a serious health hazard,”  he suggests.Anti Austerity Alliance councillor Cian Prendiville is now urging anyone having difficulties with Irish Water, but who do not want to contact them directly, to get in touch with him.“I have contacted Irish Water and it seems that repairs were being carried out on the network in Kennedy Park that resulted in the water being contaminated. However, if water works leave the water undrinkable, the residents should at least be warned about this. It is not good enough for people to turn on their taps and find undrinkable, contaminated water,” he said.A statement from Irish Water said that they try to resolve all customer issues in a timely and efficient manner.“However, if we are not made aware of issues it makes investigating them difficult. Customers with any issues in relation to their water supply should contact our contact centre on 1890 278 278.“We are undertaking a national investment programme to address the acknowledged deficiencies in the country’s water infrastructure. €340 million was invested in improving water and wastewater services in 2014 and over €363 million during 2015,” the statement concluded. NewsLocal NewsSomething brown and smelly is coming from the kitchen tapBy Alan Jacques – March 3, 2016 1029 Advertisement Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clashlast_img read more

Credit Risk Transfers: Hot Topic of 2017

first_img Tagged with: Fannie Mae Freddie Mac Front Cash Flows GSEs Last Cash Flows LIBOR floaters Modifiable and Combinable REIT eligibility RMBS Securities Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Credit Risk Transfers: Hot Topic of 2017 The Credit Risk Transfer (CRT) market continues to be a compelling investment vehicle that offers residential mortgage backed security (RMBS) investors an opportunity to achieve attractive risk-adjusted returns, while accessing various parts of post-crisis mortgage credit and origination. Following the mortgage crisis, the Federal Housing Finance Agency (FHFA) has mandated a number of changes affecting the government-sponsored enterprises (GSEs), mainly Fannie Mae and Freddie Mac, reducing the risk of losses that the GSEs may pose to taxpayers. Both Freddie Mac and Fannie Mae issued the first CRT transactions in 2013 in efforts to convey portions of their previously retained credit risk for the Agency mortgages they guarantee to the private sector. The collateral is newly issued (post-crisis) and incorporates significant reform in origination standards. Further, the reference collateral can vary in coupon and loan-to-value, but is primarily conventional 30 year fixed rate mortgages.CRT issuance primarily comes in two series: Connecticut Avenue Securities (CAS) by Fannie Mae, and Structured Agency Credit Risk (STACR) by Freddie Mac. As of May 2017, 47 CRT deals with combined security balances of $45 billion have been issued since the program’s inception in 2013. This represents exposure to over $1.3 trillion of residential single-family mortgages. Unlike traditional RMBS securities, payments made to investors are not directly from the underlying mortgage cash flows, but are instead remitted by Fannie or Freddie to CRT investors. The prepayments and the defaults incurred on the underlying reference pools are then reflected in payments by the GSEs to bondholders.The coupons paid by the GSEs are uncapped LIBOR floaters and carry various attachment points of credit enhancement. The GSE oversight and review of originator and servicer performance provides an additional layer of surveillance, which represents a further positive to underlying fundamentals. The CRT program offers a uniform and standardized investment vehicle for investors to access post-crisis mortgage credit. Program issuance has dwarfed the size of the RMBS 2.0 market (i.e., post-crisis non-QM mortgage securitizations) through today, in part due to the lack of standardization of the RMBS 2.0 market. CRT has become one of the few investment areas where investors can access this post-crisis mortgage credit. The deal structures have been evolving since 2013, initially originating only a first pay (M1) and last cash flow (LCF). Since then, these securities have evolved into anywhere from three to five tranches per transaction collateral pool. The deals now also offer exchangeable securities (MAC) where bondholders can split holdings into various access points of credit tranching or interest rates.Investors have many options to express views within housing including relative value to other U.S. structured products and broader fixed income, views on the path of home prices and the path of interest rates going forward, and technical factors arising from the declining outstanding float in legacy RMBS sectors. Dealers are heavily involved in making markets on the various tranches due to the synergies in primary issuance and trading this sector in secondary markets. Rating agencies have taken positive actions on many of the tranches due to the credit performance of the assets, issuing several upgrades and positive rating outlooks as the depth of the market continues to grow. Given that the CRT market is one of the only sizable sectors available to investors in post-crisis mortgage credit and underwriting today, the GSEs continue to work on expanding the investor base. For instance, once the work on the products REIT eligibility is finished and implemented, it should further improve the size and depth of the investor base.The CRT market remains well supported, while the collateral and structural benefits are high. We believe different parts of the capital structure add relative value in our portfolio construction. Some of the areas we find beneficial include:Front Cash Flows (M1s) are front sequentials, which pay atop the cash flow waterfall. They shorten as rates rally, but don’t extend significantly in an interest rate selloff. To clarify, mortgage rates are pegged to the on-the-run 10-year U.S. Treasury note and with higher rates, mortgage rates increase, slowing principal prepayments and therefore these bonds slow down or extend. The uncapped LIBOR floater offers additional protection against rising rates enhancing the risk-adjusted return profile. They are low beta and stable carry.Last Cash Flows (LCFs) are generally the second or third payer in the sequential waterfall. They are longer in spread duration and carry thick coupon spreads. Similar to the M1, the LCF’s are also uncapped floaters that may increase in value in scenarios of higher rates and cash flow extension.Modifiable and Combinable (MACs): These options allow a framework for investors to exchange tranches to express differing credit or interest rate views, for example by splitting off the interest-only portion or increasing/decreasing loss support.Home prices have continued their steady improvement and today, coupled with new post-crisis underwriting guidelines, the underlying sector outlook is strong. Continued enhancements to the program, structure, and the growing depth of the investor base, all while housing and market fundamentals remain robust, are reasons for our focus and positioning within the CRT sectors. Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Fannie Mae Freddie Mac Front Cash Flows GSEs Last Cash Flows LIBOR floaters Modifiable and Combinable REIT eligibility RMBS Securities 2017-05-30 Neil Aggarwal in Daily Dose, Featured, News, Secondary Market Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Neil Aggarwal The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Share Save Previous: Carson: The Right Mindset Can Overcome Next: Under the Microscope – How Effective are QM Rules? Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles Neil Aggarwal, Portfolio Manager & Sector Specialist, RMBS, joined Semper Capital Management in 2017 as the Portfolio Manager and Sector Specialist for RMBS and other residential credit sectors. Aggarwal has over 14 years of experience in securitized products, trading, structuring, and credit analysis. Prior to joining Semper, he served as the Mortgage Credit Sector Head and Senior Trader for a securitized products strategy at BlueCrest Capital Management. Prior to BlueCrest, he was a SVP in RMBS and mortgage trading at Jefferies, where he primarily focused on market making and structuring. Earlier in his career, he was a residential mortgage loan/RMBS trader for Barclays Capital and C12 Capital, and a RMBS structurer for Citigroup. Aggarwal earned a BS in Mathematics and a BS in Finance with Honors from the University of Maryland. The Best Markets For Residential Property Investors 2 days ago Credit Risk Transfers: Hot Topic of 2017  Print This Post May 30, 2017 2,889 Views last_img read more

Students learn power of choices

first_imgLatest Stories Pike County Sheriff’s Office offering community child ID kits Email the author Plans underway for historic Pike County celebration Remember America’s heroes on Memorial Day You Might Like Troy parade to be ‘storybook’ event Troy Christmas Parade committee members pose for a photo after a meeting Tuesday. Front row, left to right, are: Catherine… read more Students learn power of choices A student surveys the mock jail cell on the Choices Bus which visited Pike County High School.The Choice Bus rolled on the campus of Pike County High School Thursday morning and, when pulled off several hours later, Principal Willie Wright was confident that it had left a deep and lasting impression on his students.“I believe what the students saw and heard today will have a positive effect on their future,” Wright said. “We talk about choices and how the choices the students make can provide them opportunities to be successful or can keep them from being successful.”The Choice Bus was brought to PCHS through a grant program with State Farm and was initiated by Sharon Sullivan, PCHS faculty member. Print Article By The Penny Hoarder By Jaine Treadwellcenter_img The Penny Hoarder Issues “Urgent” Alert: 6 Companies… Published 8:01 am Friday, November 4, 2011 “High school dropouts make at least $10,000 less a year then those who stay in school,” he said. “A high school drop out makes less money and will probably end up in prison. That is the future of a high school dropout.”Taylor made it very plain to the students that prison is not a place one wants to be.“You have no freedoms, no privileges, no choices, no control,” he sad. “You can’t do anything as simple as flipping a light switch. Even that is out of your control.”Taylor said the lack of privacy is something that inmates have difficultly in accepting.“You are in a cell with usually three other inmates,” he said. “You share a toilet and sink and there is no curtain to give you privacy. Your cellmates see everything that you do and, then you are watched by prison guards 24 hours a day. That’s the kind of life you live in prison.”Sullivan said the students seemed to be receptive of the messages that were sent their way.Most of the students signed a pledge card with their intentions to stay in school and Sullivan said she hopes they will stand by those pledges.“But even if this Choice Bus keeps just three or four students in school, then it’s worth it,” she said.Lynn Smelley, Mattie Stewart Foundation program manager, said there are three Choice busses that travel across the country carrying the message of the power of education.State Farm and Buffalo Rock are bus sponsors along with Shelby County in Alabama.“When we finish this year in December, we will have take the message that staying in school will help keep you out of prison to one million students since The Choice Bus got on the road in 2008,” Smelley said. “More than five million students have seen the InsideOut documentary. Next year, we hope to add another bus and that will enable us get the message before more students.”Smelley said the The Choice Bus objectives are to help students understand the link between dropping out of school and the likelihood of spending time in prison and the importance of making good decisions.“The Choice Bus program also encourages students to finish high school and opens their eyes to the opportunities that await those with an education,” he said. Next Up“We want our students to understand the power of education,” Sullivan said. “The Choice Bus allows them to better understand what happens when students drop out of school and lose that power.”The Choice Bus concept was developed by Dr. Shelley Stewart, founder and president of The Mattie C. Stewart Foundation. Stewart chose the path less traveled as a way to reduce the escalating high school dropout rate.Sullivan said Stewart developed experimental learning tools to help young people understand the consequences and rewards of the choices they make. Sponsored Content Book Nook to reopen Troy falls to No. 13 Clemson Stewart’s “InsideOut” documentary uses prison inmates as messengers who encourage young people to get an education. To make the consequences of dropping out of school more tangible, the Mattie C. Stewart Foundation built The Choice Bus, which is the nation’s first mobile experience dedicated to reducing the dropout rate.John Paul Taylor was the presenter on The Choice Bus Thursday and he commanded the attention of the students ads they “rode” the dropout route with him, first via the “InsideOut” documentary and then as they toured a simulated prison cell.“Every day we make choices,” Taylor said. “One choice that we make can help us to realize our dreams or cause us to live a nightmare. That choice is to stay in school or drop out. It’s a choice that will affect the rest of your lives.”Taylor said 75 percent of prison inmates are high school dropouts. Around the WebDoctor: Do This Immediately if You Have Diabetes (Watch)Health VideosIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthRemember Them? I’m Sure Their New Net Worth Will Leave You SpeechlessbradofoThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Joint Dutch survey on addiction highlights problem gambling behaviours

first_img Related Articles StumbleUpon Submit Share Share KSA issues ‘conduct warning’ following covid marketing breaches July 28, 2020 An online survey carried out by the Dutch gambling authority, Kansspelautoriteit (KSA), in collaboration with treatment foundation AGOG has found that half of its respondents spent more than €1,000 each month on gambling. The joint survey considered the responses of 86 people who have signed up with AGOG, which organises weekly meetings for players at risk of problem gambling behaviours. In its research, 223 of AGOG’s members were invited to take part in the survey, however, only 39 per cent responded to the request.While the KSA emphasised that the study sample was not indicative nor representative of the entire AGOG membership, the regulator stated that it was able to draw a number of findings from the survey which can help inform future policies. The report found that those who had experienced problem gambling were more inclined to gamble using gaming terminals, with 67 per cent of respondents saying they took part in this form of gaming.One-third of respondents confirmed that they would take part in gambling activities on average two to three times a week in the year before they sought help, while another third stated that they gambled four to six times a week. A quarter of them gambled daily.The KSA has confirmed that it will use the findings of the survey to gain further insight into gambling behaviours, allowing the regulator to ‘use the results for drawing up the annual market scan and in general for policy development.’Earlier this month, Kansspelautoriteit governance confirmed a six-month delay to the pending legalisation of the country’s online gambling market.Sander Dekker, the Dutch justice minister, informed the Netherlands parliament on the delay, with the Remote Gambling Act (Koa) set to “come into effect” on January 1, 2020 – six months later than previously planned. KSA launches operator tender for problem gambling helpline June 22, 2020 KSA report reveals age verification failings June 29, 2020last_img read more