Fitch rates VHFA bond resolution A+

first_imgFitch Ratings has assigned an “A+” rating to Vermont Housing Finance Agency’s 1990 single-family housing bond resolution. Fitch has labeled its rating outlook “stable.” Fitch’s long-term credit ratings operate on a 10-grade scale from “AAA,” the highest-quality investment grade bond, to “D,” the lowest category junk bond.The resolution, which includes approximately $447 million in outstanding bonds in Series 9 through 27, was created in 1990 and issued bonds from 1990 to 2007. This is Fitch’s initial rating assignment for the resolution.”We’re pleased with Fitch’s rating, and think it’s a demonstration of the rating agency’s faith in the long-term viability of VHFA,” said Executive Director Sarah Carpenter. “The loan portfolio consists of 30-year fixed-rate seasoned loans. The majority, 53 percent, is privately insured. The second largest portion, 27 percent, is uninsured with safe loan-to-value ratios of 80 percent or lower. All this minimizes potential loss exposure,” she added.Fitch credits VHFA’s “successful history of administering its single-family programs.”Fitch Ratings Ltd., with headquarters in New York and London, is a global rating agency that provides the world’s credit markets with independent and prospective credit opinions, research, and data. The company is part of the Fitch Group, a majority-owned subsidiary of Fimalac S.A., which is headquartered in Paris, France.The Vermont Legislature created VHFA in 1974 to finance and promote affordable housing opportunities for low- and moderate-income Vermonters. Since its inception, the Agency has helped approximately 26,500 Vermont households with affordable mortgages and financed the development of approximately 7,700 affordable rental units.Forward-looking statementsThis release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon VHFA’s current expectations and speak only as of the date hereof. These statements may use forward-looking terms, such as “projected,” “expects,” “may,” or their negatives or other variations on these terms. VHFA cautions that, by their nature, forward-looking statements involve risk or uncertainty and that actual results could differ materially from those expressed or implied in these forward-looking statements or could affect the extent to which a particular objective, projection, estimate, or prediction is realized. These forward-looking statements involve risks and uncertainties including, but not limited to: (1) difficult economic conditions, which may not improve in the near future, and adverse changes in the economic, credit, or interest rate environment; (2) the actions of the U. S. Government, Federal Reserve and other government and regulatory bodies to stabilize the financial markets; (3) changes in prepayment speeds on mortgage assets; (4) changes in VHFA’s credit or financial strength ratings; (5) inadequacy of reserves established for losses and loss expenses; (6) the risk that VHFA’s underwriting and risk management policies and practices do not anticipate certain risks and/or the magnitude of potential for loss as a result of unforeseen risks; (7) operational risks, including with respect to internal processes, risk models, systems and employees; and (8) other risks and uncertainties that have not been identified at this time. VHFA undertakes no obligation to revise or update publicly any forward-looking statements for any reason.Source: VHFA. 2.3.2010.last_img read more

Nigerian army frees more women and Children from Boko Haram

first_imgThe army said the operation took place in Sambisa Forest believed to be the last stronghold of the militant group. The Nigerian army says it has rescued more women and children that had been abducted by Nigeria’s militant group Boko Haram in  an operation that happened on Thursday.The  army said the operation took place in Sambisa Forest believed to be the last stronghold of Boko Haram.It was however not clear if any of more than 200 girls abducted  by Boko Haram from a school in Chibok in April 2014 were among those freed.In a tweet, the Nigerian military said , another set of 234 women and children were rescued through the Kawuri and Konduga end of the Sambisa Forest.Some 500 women and children have already been rescued by the military in the past few days.The military had pledged to free more hostages from Boko Haram after hundreds were rescued earlier this week.The military also said on Thursday that about 160 hostages had been rescued from Sambisa in additional to 200 girls and 93 women freed on Tuesday.The numbers underlined the scale of the tactic of mass abduction used Boko Haram who according to Amnesty International have seized about 2,000 women and girls since the start of last year.The military said they were still screening the freed hostages with a view to establishing their identities.It has not yet been confirmed if any of the girls rescued are from ChibokThe mass kidnapping in Chibok prompted global outrage and forced President Goodluck Jonathan to accept international help in the search operation for the missing girls.Goodluck Jonathan  came under severe criticism for not doing enough to free the Chibok girls as well as end the six-year-old Boko Haram insurgency that has claimed some 13,000 lives and forced at least 1.5 million people to flee their homes.However Nigeria’s president Elect Muhamamdu Buhari has promised to deal decisively with the militant group which he has called a bogus organisation whose intent is to terrorise civilians.last_img read more

NANF Showers Amodu’s Widow with Xmas Gifts

first_imgThe widow of Amodu was full of praise for the NANF’s team lead by former national player, Clement Temile, who made the presentations on behalf of NANF team which includes former national goalkeeper, Segun Oguns and other members.She thanked the NANF team for appreciating her late husband contributions to football development and finding time to visit with them especially at Christmas and supporting her family after the demise of their breadwinner. She also noted that a lot of Nigerians and members of the football family do not remember them again and the once full house during festive period like Xmas is quite and lonely but for NANF visitation coming at the first Christmas celebration post Amodu demise.She use the opportunity to appreciate the Nigeria Football Federation, NFF, for paying the family her husband’s outstanding entitlement recently while also reminding the sports minister to fulfill the promises made to the family during his visit to her after Amodu’s burial.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram The Larry Kubeinje led National Association of Nigeria Footballers in conjunction with all his state’s chapters impacted on the lives of the widows of its late members arising from the mandate of the Association’s Congress, who has charged the new exco to take the welfare of the member as a priority in relations with the recession experience in the country. Consequently, the newly rectified NANF exco in keeping with the traditions during the Christmas celebration instituted the “NANF Xmas Milk of Kindness Mobile Train” to torch the life’s of widows of NANF with specially packaged food box hamper comprising of 50Kg bags of rice, groundnut oil and assorted drinks with cash donations was sent to widows of footballer nationwide through its state’s chapter.In Lagos, the NANF mobile train first point of call on Boxing Day was at the Surulere home of the ex – Super Eagles handler and NFF Technical Director, Amodu shuibu, where the NANF food box hamper including cash sum was presented to Amodu’s  widow.last_img read more

Red Bank Republican Burnham Says She’ll Run As An Independent

first_imgBy John BurtonRED BANK – Council President Cindy Burnham will be seeking re-election on the governing body in November – but not as a Republican.“After pondering it,” and suffering the rejection of the party municipal committee on Sunday, Burnham said, “I’m going to run as an independent,” for her second three-year term on the borough council.The municipal committee selected Brian Hanlon and Kellie O’Bosky Colwell to appear on the ballot for the primary and likely the general election for the two seats up this year among the six-member governing body.Hanlon works in the financial sector in a Red Bank office; Colwell is a local artist, according to Sean Di Somma, the GOP municipal chair.Democrats had recently announced their candidates, multi-term Incumbent Kathy Horgan and Erik Yngstrom, a lawyer.In the selections and omission Di Somma said “I think the committee made a decision based upon what was best for Red Bank.”“I was very disappointed but not surprised,” by the outcome, Burnham said, given her increasingly contentious relationship with both Di Somma and her GOP council colleagues.She said she felt “betrayed” by the other three Republican council members who failed to rally behind her, after her meeting with committee members on Sunday, seeking their support, Burnham said.“I feel I got those people elected,” ushering in the first Republican majority on the governing body in more than two decades, she maintained.The other Republican councilmembers are Linda Schwabenbauer, Mark Taylor and Michael Whelan.During her tenure on the council—and even before—Burnham has  long been at odds with Democrats and more recently with Republicans over a variety of issues. “Since I’ve been on the council I’ve been the ‘no’ vote for the last three years,” opposing a number of issues she felt wasn’t in the community’s best interest, “stopping wasteful spending and preventing developers to get over Red Bank residents.”But her blanket opposition has been an issue for Republicans and an impediment to improvements, Di Somma countered. “Cindy has shown for the last three years she has a backward vision at a time when we’re facing a lot of competition from other towns,” he said.Burnham will shortly file her petition as an independent for the November ballot with the county clerk of elections.Read the complete story in this week’s The Two River Times, on newsstands Thursday.last_img read more

More than 16,000 pensioners owed €1k payback by govt

first_imgOver 16,000 pensioners have seen their weekly payments topped up by over €20 a week after some pensioners who fell victim to a change in how pensions were calculated.According to the Sunday Independent, the Government will have to pay at least an additional €1,000 a year to some pensioners.Fianna Fail social protection spokesperson Willie O’Dea said the majority of pensioners who had their cases reviewed were still receiving less than they would have been entitled to before the flawed calculation system was introduced. “The vast majority of those who were lucky enough to get increases are still getting payments which are falling short of what they should be getting if the rules hadn’t been changed in the first place,” Mr O’Dea told the Sunday Independent.“The system is still completely unfair and the Government should have just undone the flawed legislation rather than introduce a hugely complicated system to try to fix the problem.”The new figures show a Department of Social Protection taskforce has to date reviewed 77,193 of the 90,000 pension payments believed to have been impacted by the anomaly.Of those who are entitled to an increase, 51pc, or 16,534 pensioners, will see their pension payment increase by €20 per week or more, while the remaining 15,887 pensioners will receive €19 or less. All payments will be backdated to March 30, 2018 or the pensioner’s 66th birthday if later, meaning some pensioners will receive a payment of €1,000 a year or more.Read the full story here: https://www.independent.ie/irish-news/news/1k-payback-for-pensioners-to-correct-bonkers-anomaly-38330919.htmlMore than 16,000 pensioners owed €1k payback by govt was last modified: July 21st, 2019 by Staff WriterShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Half-time: Brighton 2 Brentford 0

first_imgGoals from Anthony Knockaert and Tomer Hemed left Brentford facing an uphill task at the Amex Stadium.Knockaert started and finished the move that led to Brighton’s 27th-minute opener.He found Jamie Murphy on the left and when the Scot cut inside and returned the ball to the Frenchman, Knockaert fired past keeper David Button and into the bottom corner.Knockaert had been involved in much of the early action, seeing two efforts flash wide before Brighton keeper David Stockdale produced a fine save to deny Alan Judge.Hemed shot into the side netting shortly after Albion went ahead, but he made no mistake with a header two minutes before half-time after Beram Kayal went past Josh McEachran with ease and crossed from the right.Brentford: Button; Colin, Dean, Barbet, Bidwell, Woods, McEachran; Saunders, Swift, Judge; Vibe.Subs: Bonham, Yennaris, O’Connell, Kerschbaumer, Macleod, Canos, Djuricin.Follow West London Sport on TwitterFind us on Facebooklast_img read more

49ers CEO Jed York describes how he almost wound up on injured reserve with QB Jimmy Garappolo

first_imgFrom the “Now it Can be Told” files:San Francisco 49ers quarterback Jimmy Garappolo wasn’t the only member of the organization who was in physical distress after he tore his ACL in a game at Kansas City last September.Team CEO Jed York almost joined Jimmy G. in the ER, according to team CEO Jed York.The revelation was reported by NBC Sports Bay Area’s Jennifer Lee Chan. York, speaking at the NFL owners meeting in Phoenix, said he was so upset by the injury to his $137.5 million quarterback …last_img

Ancient Earth Smackdown at Santa Fe Tells Global Story

first_imgBiblical creationists believe in a global flood, but did you know secular geologists have a global catastrophe, too?  Both groups converge on evidence at a certain layer of rock.  To get there, we begin at a “a compelling story about the distant past” that emerges from a look at rocks near Santa Fe, New Mexico.    Leslie Mullen, writing for the online Astrobiology Magazine (a NASA website), told the story of an ancient impact.  No crater was left, because this impact is assumed to have occurred “sometime between 1.2 billion and 330 million years ago” – but no earlier.  Why?  Because a boundary layer forms the point of convergence of two global catastrophe stories.  Her article focused primarily on the alleged craterless impact of a body 5 to 12 times larger than the stone that formed the more recent Barringer Crater near Winslow Arizona.  The mountains near Santa Fe, by contrast, look like a “random jumble of different shapes and colors,” Mullins said; but they “can tell a compelling story about the distant past” to trained geologists.    As evidence for an impact, she cited the discovery of “shatter cones,” which are “cone-shaped rocks each have distinctive wavy patterns, as though the rock itself briefly became a flowing liquid before re-solidifying.”  Similar structures have been found at underground nuclear blast sites.  The only other force that can make these, she said, is the “instantaneous hypervelocity force of a meteorite impact.”  At the end of the article, though, she admitted that to tell the story of what happened will require “an army of scientists and graduate students studying this site, over many, many years.” – indeed, according to Horton Newsom of the University of New Mexico, an expert in meteor impacts, “It could take several lifetimes to do all the necessary work.”    But why the upper limit of 1.2 billion years?  It’s not just that volcanoes or erosion tend to erase craters over time.  Something happened at that point in the evolutionary timeline that affected the entire planet:Complicating the question is the “Great Unconformity”, an event that wiped about a billion years of history out of the geologic record of this region.  The disappearance of these tons of rocks was due to erosion – seas receded, and the newly exposed rocks wore away through wind, rain and other weathering processes.  Then the seas flooded in again and sediments began forming new layers.  The result is that a 330-million-year-old rock layer now lies directly on top of rocks that vary between 1.2 and 1.6 billion years old, depending on the location.But was the Great Unconformity limited to the region around Santa Fe?  It is very obvious throughout the Grand Canyon, where underlying rocks, even tilted sediments, were planned flat as a pancake over a vast area.  New sediments (beginning with the Tapeats Sandstone) lie on top of this clear boundary, sometimes with huge boulders embedded in the sandstone.  Whatever caused a violent shearing force to underlying igneous, metamorphic and sedimentary rocks covered a wide area.    A search on “Great Unconformity” shows that this break in the sediments extends wider still.  A journal article posted at Cliffshade.com claims it is found in throughout Colorado, too: “Any volcanism or surface topography developing in Colorado during or before this time had been thoroughly erased by the close of the Great Unconformity.”  Wikipedia (no friend of Biblical creationism) states, “Geologist John Wesley Powell called this major gap in the geologic record, which is also seen in other parts of the world, the Great Unconformity.”  Clicking on the link elaborates further: “The Great Unconformity is a geologic feature that exists across the world at a relatively consistent rock strata (or depth relative to sea-level).”1     Any unconformity worldwide in its extent would seem to require to a global catastrophe.  Creationists confidently point to this layer as the onset of the worldwide Flood described in Genesis 6-9, when the rising, violent floodwaters sheared off the surface of the antediluvian world, destroying the world as it was (II Peter 3:3-9), then began depositing new sedimentary layers that became reworked as the floodwaters subsided (subject to post-Flood erosion and volcanism).  What else could have caused the Great Unconformity?  (See Canyon Ministries for arguments in favor of the Flood.)    A sample pro-evolutionist site responded with a different kind of catastrophe.  A writer at the Milwaukee Evolution League in 2005 answered the creationist claim with a counter-claim that glaciers did it.  “Only a glacier can plane off rugged, jagged mountaintops with such level precision,” the writer, who calls himself “SaganJr,” said.  “A massive enough glacier can literally bulldoze over rock, leveling off everything in its path.”  He claimed this also coincides with a time geologists believe glaciers covered the planet: “we know from other geologic evidence that the world was virtually covered in glaciers in the largest ice age the planet had ever seen,” he said.  “It makes perfect sense that a glacier planned off the angled, mountainous layers over 250 million years, before the earth warmed, oceans rose, and sedimentary deposits began to accumulate once again.  Certainly, this makes much more sense than claiming that a global flood did it.”    Either way, a global catastrophe occurred to form the Great Unconformity seen at Santa Fe, Grand Canyon, Denver, and other continents around the world.  Dates and mechanisms may differ, but creationists and evolutionists can’t dispute that flat, worldwide layer in the rocks.1.  CEH does not consider Wikipedia a reliable source; but for this reference, it can be considered reliably anti-creationist.If a “story” is required to explain the data anyway, who has a better one?  One thing is for sure: the present was not the key to the past, as Lyell believed.  This is also true for Venus and Mars.  So any hope of resting secular planetary science on natural laws – on observable, repeatable processes – is problematic, when they have to invoke very special ad hoc conditions to make their story fit the facts.  Creationists admit that the conditions for the Flood were special, but they are not ad hoc, because one chooses whether or not to believe the eyewitness that tells us what happened, and why.    Another thing that seems clear is that glaciers are a poor explanation for the Great Unconformity.  Glaciers slide down mountains.  If the whole world were a mountain covered with ice, the glaciers would have no place to slide and plane off the surface.  Where are the valleys, like Yosemite?  Where are the moraines?  Why did it happen when they say it did, and not earlier or later?  Where are the millions of meteors that must have fallen in a billion years, and why were none of them large enough to end the ice age?    The Great Unconformity is flat as a pancake in most exposures; this is clearly evident in the Grand Canyon for hundreds of miles.  The secular story also has to invoke about a billion years of missing history between the underlying rocks and the overlying sedimentary layers, which are also mostly flat as a pancake (all the way up to the rim of Grand Canyon).  If those million years took place, why are there not numerous gullies, channels and faults running through the Great Unconformity?  It appears that the surface of the earth was scoured flat in a single event, after which sediments quickly became deposited.  It looks like a global Flood.    The meteor that Mullins talked about, if that’s what caused the Santa Fe rocks to look like they do, occurred after the Flood – not hundreds of millions of years ago.  The secular date is decided based on the rocks in their presumed evolutionary context – in other words, the rocks in their head.  It is not based on some true history that is out there in the world.  It’s part of their scheme, their story, of how the world came to be.    If you want to believe the evolutionary story, full as it is of ad hoc special pleading, fine.  If you can live the several lifetimes for the army of secular geologists to try to figure out their story, fine.  But don’t fall for the notion that it is somehow superior or “scientific” because secular experts believe it.  Both camps need a story, but there is a difference between historical narrative and fiction.  Historical narrative has eyewitness testimony and usually tends to fit the observations better.  Look at the Great Unconformity and think about it.  You might want to also think about the 07/15/2010, 07/01/2010, and 06/27/2010 entries.(Visited 13 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

Indigenous people: SA impresses

first_img10 August 2005The United Nations Special Rapporteur on Human Rights and Fundamental Freedoms of Indigenous People is encouraged by South Africa’s commitment to indigenous people.Briefing the media on Monday after his 12-day visit to South Africa, Rodolfo Stavenhagen said South Africa’s ongoing efforts to formulate and implement legislation and policies to address issues such as land restitution, multilingual and multicultural education was encouraging.Stavenhagen was in the country to better understand the situation of indigenous people and to learn about the country’s policies to promote and protect indigenous people’s rights.This is part of preparing a report on the UN Second Decade on Indigenous Issues, which was proclaimed by the 59th session of UN.He met with government authorities, civil organisations and the donor community on the ways and means to strengthen the nation’s responses to the needs and demands of indigenous communities.Stavenhagen visited a number of places such as the township of Platfontein in the Northern Cape where he met with the chiefs and members of the !Xu and Khwe communities who had been resettled in the area after returning from forced displacement in Angola and Namibia.His interaction focused on the communities’ challenges and successes in the field of housing, social services, health, education and other human rights issues.He also met with members of the National Khoi-San Council in Upington who explained to him their major concerns regarding the statutory non-recognition of the Khoi and San people.They also told him about their difficulties in enjoying land rights, full access to social services, their cultural and ethnic identities.He was impressed that the South African government had also made the representation of traditional authorities in public life and has made enormous efforts in delivering basic services.“Government authorities are aware of the urgency to focus on the accumulated backlog of unsatisfied needs of indigenous communities, and the Khoi-San in turn are dissatisfied by the delays in the provision of services and demand that such efforts be speeded up.“More coordination between the various governments that deal with indigenous people is required,” he said.He explained that all indigenous people in the country were brutally oppressed by the colonial system and the former apartheid regime up to 1994. The Khoi-San were dispossessed of their lands and territories and their communities and cultures were destroyed.“Through my conversation with government authorities and Khoi-San people, I am aware of the challenges faced by these communities and their longstanding demands for land rights, official statutory recognition, respect of their cultural identities and full and equal access to social services,” he said.He said he would elaborate in his report to the Commission on Human Rights next year on recommendations and proposals intended to strengthen human rights for indigenous people.Source: BuaNewslast_img read more

Photo library: Countryside 14

first_img{loadposition tc}Click on a thumbnail for a low-resolution image, or right-click on the link below it to download a high-resolution copy of the image.» Download Countryside contact sheet (1.6MB) » Download full image library contact sheet (10.5MB) Western Cape province:The graveyard in the town of Prince Albert. Photo: MediaClubSouthAfrica.com » Download high-res image Western Cape province: An ostrich farm in the Oudtshoorn district. Ostrich meat is an increasingly popular low-fat alternative to red meat.Photo: Rodger Bosch,MediaClubSouthAfrica.com » Download high-res image Western Cape province: An ostrich farm in the Oudtshoorn district. Ostrich meat is an increasingly popular low-fat alternative to red meat.Photo: Rodger Bosch,MediaClubSouthAfrica.com » Download high-res image Western Cape province: An ostrich farm in the Oudtshoorn district. Ostrich meat is an increasingly popular low-fat alternative to red meat.Photo: Rodger Bosch,MediaClubSouthAfrica.com » Download high-res image Western Cape province:An ostrich farm in the Oudtshoorn district. Ostrich meat is an increasingly popular low-fat alternative to red meat.Photo: Rodger Bosch,MediaClubSouthAfrica.com » Download high-res image Western Cape province: An ostrich farm in the Oudtshoorn district. Ostrich meat is an increasingly popular low-fat alternative to red meat.Photo: Rodger Bosch,MediaClubSouthAfrica.com » Download high-res image Western Cape province: An ostrich farm in the Oudtshoorn district. Ostrich meat is an increasingly popular low-fat alternative to red meat.Photo: Rodger Bosch,MediaClubSouthAfrica.com » Download high-res image Western Cape province:An ostrich farm in the Oudtshoorn district. Ostrich meat is an increasingly popular low-fat alternative to red meat.Photo: Rodger Bosch,MediaClubSouthAfrica.com » Download high-res image Western Cape province:An ostrich farm in the Oudtshoorn district. Ostrich meat is an increasingly popular low-fat alternative to red meat.Photo: Rodger Bosch,MediaClubSouthAfrica.com » Download high-res image COUNTRYSIDE 14: {loadposition cs}Having trouble downloading high-resolution images? Queries about the image library? Email Janine Erasmus at [email protected]last_img read more