jatuse.com

  • Categories



    • Sallie Mae leads Consumer Financial Protection Bureau complaints about student loans

    " href="http://www.jatuse.com/sallie-mae-leads-consumer-financial-protection-bureau-complaints-about-student-loans/" rel="bookmark">
    Sallie Mae leads Consumer Financial Protection Bureau complaints about student loans
     Author: RdBXvzh4

    13 Oct

    Tuesday, October 1, 2013

    A review this week by Wikinews of US Consumer Financial Protection Bureau (CFPB) complaints about student loans in the United States shows Sallie Mae leads all lending institutions in complaints. Of the 4,851 complaints dating back to March 2012 when the CFPB first began collecting student loan data, 2,262 or 46.6% of all complaints were about the lender. US Federal Reserve data from 2010/2011 shows Sallie Mae is the nation’s largest student loan lender, responsible for 25% of the market

    The other major lenders in this space include Wells Fargo, JP Morgan Chase, PNC, and Discover. In complaints, AES/PHEAA came in second with 546, or 11.3% of all complaints. Wells Fargo, Citibank and JPMorgan Chase each had between 5% and 7.5% of all complaints, totaling 918 complaints between them. 78 other lending institutions round out the list of organizations with complaints filed against them for student loans.

    Few of the complaints originate from people with problems with federal student loans. Less than 1%, 35 total, are for these types of loans, with Sallie Mae accounting for the bulk of complaints with 17 total. 14 other lending institutions have 3 or fewer complaints. For non-federal student loans, Sallie Mae is still the leader for complaints, with 2245 or 46.6% of all non-federal student loan complaints.

    The Consumer Financial Protection Bureau sorts complaints into three issues: Problems when you are unable to pay, Repaying your loan, and Getting a loan. None of the federal loans had complaints about getting a loan. For non-federal loans, 65.5% of the 4,816 complaints related to loan repayment. Sallie Mae led in total complaints in this category with 1467. They were followed by AES/PHEAA with 356, Wells Fargo with 231, Citibank with 201, Discover with 158, JPMorgan Chase with 154, ACS Education Services with 143, and KeyBank NA with 116. CFPB says loan repayment issues include a basket of claim types including “fees, billing, deferment, forbearance, fraud, and credit reporting.” Problems when you are unable pay accounts for 30.8% of the complaints. Sallie Mae had 698 complaints. They were followed by AES/PHEAA with 181, JPMorgan Chase with 106, Wells Fargo with 104, Citibank with 70, and KeyBank NA with 58. Many of the complaints are, according to the CFPB, because borrowers have difficulty getting deferrments on loan repayment as a result of being unable to find employment.

    The total complaints against Sallie Mae for September of this year is 2 fewer than the same time last year. The company’s performance this year compared to last year has been mixed. March and June numbers were down over 150 complaints from the same month a year before. April, May, July and August all saw increases of 17–43. Of the top six lenders by volume of complaints, only AES/PHEAA and Citibank saw drops every month between March and September from the total volume in the previous year. Wells Fargo had a gain of 1 in August and 6 in May from the previous year. JPMorgan Chase had a difference of 0 from the same month last year for April, 3 more this year for May, and 4 more for August. Discover saw an increase every month from the same period last year except for September. When the total complaints differences from year to year for March to September are counted, this year has 571 fewer complaints against the top six lenders.

    Most, 1470, of the complaints against Sallie Mae were closed with explanations. 10.2% were closed with monetary relief. 7.7% were closed with non-monetary relief. 2.1% were closed with relief and 12.1% were closed without relief. AES/PHEAA’s complaint closure picture was much different. 40.1% of AES/PHEAA’s 546 complaints were closed with non-monetary relief, 35.3% were closed with explanations and 21.2% were closed without relief. Of the eight lending institutions with 100 or more complaints filed against them, Discover was the institution most likely to result in a closure with monetary relief with 12.9% of all their closures ending this way. Citibank was the institution with the highest percentage of closures ending with no relief at 26.0%.

    Complaints over student loan lenders were geographically distributed, coming from 3,447 different zip codes. The largest cluster of complaints is for 20001, a Washington D.C. zip code with 10 complaints originating from there. 07950, the zip code for Morris Plains, New Jersey, and 37013, the zip code for Antioch, Tennessee, each had 8 complaints originating from them. Zip codes for Patchogue, New York; Philadelphia, Pennsylvania; Washington D.C.; and Arlington, Virginia each had 7 complaints originating from them. By volume of complaints by state, New York led with 497, with California second with 467, Pennsylvania third with 303, Florida fourth with 288 and Ohio fifth with 219 complaints. US Territories largely occupied the bottom spots. The Northern Marianas Islands, with a population of around 50,000, had 1 complaint. The U.S. Armed Forces – Pacific had 3. North Dakota and U.S. Armed Forces – Europe had 5 complaints each. South Dakota had 7. Wyoming had 8. Puerto Rico and Alaska had 9 each. Rounding out the bottom five states by volume of complaints, Mississippi had 11.

    With the possibility of a United States government federal shutdown looming on October 1, student loans may be impacted because of potential for an automatic increase in interest rates.

    Gay marriage banned in three states; other ballot measures decided

    " href="http://www.jatuse.com/gay-marriage-banned-in-three-states-other-ballot-measures-decided/" rel="bookmark">
    Gay marriage banned in three states; other ballot measures decided
     Author: RdBXvzh4

    10 Oct

    Sunday, November 9, 2008

    Voters in California, Florida and Arizona voted on Tuesday to ban gay marriage, bringing about a victory for conservatives on a day which did not bring many conservative wins.

    Meanwhile, voters in Colorado, South Dakota and California voted on measures which would have restricted abortion in those states. In Massachusetts and Michigan, voters passed measures that loosen marijuana laws. Finally, in the state of Washington a measure was passed that allows physician-assisted suicide.

    The California ballot measure, Proposition 8, overturns the recent June ruling by the California State Supreme Court in the case In re Marriage Cases which reversed a 1977 statute passed by the California State Legislature and a 2000 ballot measure, Proposition 22, which also banned same-sex marriage by defining marriage as between a man and a woman. The wording of Proposition 8 is identical to Proposition 22. It was noted that many of the African-Americans and Latinos who cast their votes for Obama, also voted for the measure. The measure passed at 52% to 48%.

    Lesbian comedian Ellen DeGeneres noted, “This morning, when it was clear that Proposition 8 had passed in California, I can’t explain the feeling I had. I was saddened beyond belief. Here we just had a giant step toward equality and then on the very next day, we took a giant step away.”

    Okay, so I am taking that to mean I do not have to pay my state taxes because I am not a full citizen.

    Singer Melissa Etheridge, who is also a lesbian, stated that she would no longer pay taxes due to the passing of Proposition 8, announcing in a blog post, “Okay, so I am taking that to mean I do not have to pay my state taxes because I am not a full citizen.”

    Also in California, voters rejected a measure which would require parental notification for a minor to receive an abortion. The measure was rejected with the same percentage as Proposition 8, 52% to 48%. Meanwhile in Colorado, voters rejected a measure that would define life as beginning at conception. While the measure did not specifically mention abortion it would have required legislators and courts to confront legal rights for fetuses – effectively preventing abortion. The measure was defeated in a wide margin, 73% to 27%

    In South Dakota, voters also defeated an anti-abortion measure which would have outlawed abortion in all cases except in the case of rape, incest or if the mother’s health was in serious question. If passed, the law would most likely have been challenged as unconstitutional.

    In Michigan, voters approved a measure which legalizes medical marijuana. Meanwhile, in Massachusetts, voters approved a ballot question that decriminalizes possession of small amounts of marijuana in which the possession of an ounce or less would be punishable by a $100 fine. The measure will also require minors under the age 18 to participate in and complete a drug awareness program and do community service. Failure to do so, would net the minor a $1,000 fine.

    “Tonight’s results represent a sea change. Voters have spectacularly rejected eight years of the most intense government war on marijuana since the days of ‘Reefer Madness,'” said Rob Kampia, executive director of the Marijuana Policy Project. “The people were ahead of the politicians on this issue; they recognize and want a more sensible approach to our marijuana policy,” said Whitney Taylor, the chair of Committee for Sensible Marijuana Policy, which backed the Massachusetts proposition.

    Also, in Massachusetts, voters overwhelmingly, in every single Massachusetts city and town, rejected a ballot measure which would have eliminated the state income tax by 2010, the ballot measure was sponsored by the Committee for Small Government, which is headed up by two libertarians, Michael Cloud, a Libertarian Party candidate for U.S. Senate in 2002 and Carla Howell, Libertarian Party candidate for governor in the 2002 Massachusetts gubernatorial election.

    The last time the income tax elimination measure was on the ballot was in 2002, where it was defeated, narrowly by 45.3%. This stunned supporters of the income tax, who mounted a fierce campaign against the measure this time warning Massachusetts residents that repealing the income tax would have drastic effects on the state’s finances, leading to cuts in services, education and local aid.

    Finally, voters passed a question which bans dog racing in Massachusetts, which will lead to the closure of Massachusetts’ two greyhound racing tracks, Raynham-Taunton Greyhound Park and Wonderland Greyhound Park.

    The campaign against dog racing was headed up by the Committee to Protect Dogs and endorsed by GREY2K USA and the American Society for the Prevention of Cruelty to Animals along with other animal protection organizations who claimed that dog racing was inhumane as the dogs were stuffed into cramped cages and endured injuries. The measure was opposed by the park owners including George Carney who owns the Rayham-Taunton park and Charles Sarkis, a restaurateur who owns Wonderland.

    “We did it. We did it for the dogs,” said Carey Thiel, executive director of GREY2K USA. “For 75 years, greyhounds in our state have endured terrible confinement and suffered serious injuries. We’re better than that,” Thiel added.

    One campaign supporter, Sandy Bigelow noted, “It means everything. We’ve worked so hard for the dogs and they heard us. It feels so good. Oh, God, it feels so good.”

    George Carney said of the results, “It’s not a very pleasant thing right now. Some of these people have been here 40 years. Here’s a company that did nothing wrong, paid their federal taxes on time, paid the town on time. The town is going to be a severe loser, and a lot of people here dedicated their life to the company.”

    We did it. We did it for the dogs.

    Both sides used emotionally-charged advertisements, the anti-racing side showing “sad-eyed greyhounds,” while the pro-racing side highlighted the workers who would be out of work when the tracks close.

    Both measures must now come before the Massachusetts Governor’s Council for approval.

    A ballot initiative approved by voters in the north-western state of Washington will make it the second state to permit physician-assisted suicide. Initiative 1000 follows the ten-year-old example of the Death With Dignity Act of neighboring Oregon, and will allow physicians to prescribe a lethal dose of medication for a terminally ill patient to administer themselves. It was approved by a margin of 16%, and the ‘Yes’ campaign outspent the ‘No’ campaign by more than three-to-one. The law comes into effect in 2009.

    Experts: obesity is a bigger threat than AIDS or bird flu

    " href="http://www.jatuse.com/experts-obesity-is-a-bigger-threat-than-aids-or-bird-flu-2/" rel="bookmark">
    Experts: obesity is a bigger threat than AIDS or bird flu
     Author: RdBXvzh4

    4 Oct

    Friday, September 8, 2006

    From September 3 to 8, experts gathered at the 10th International Congress on Obesity in Sydney, Australia, to discuss what they call the worldwide “obesity epidemic”. According to the World Health Organization (WHO), 1 billion people in the world today are overweight, and 300 million of those are obese. “Obesity and overweight pose a major risk for serious diet-related chronic diseases, including type 2 diabetes, cardiovascular disease, hypertension and stroke, and certain forms of cancer“, a WHO fact sheet states. According to AP, experts at the conference “have warned that obesity is a bigger threat than AIDS or bird flu, and will easily overwhelm the world’s health care systems if urgent action is not taken”.

    Of particular concern is the large number of overweight children. Dr. Stephan Rossner from Sweden’s Karolinska University Hospital, a leading obesity expert who was present at the conference, has warned that as a result of the increasing number of overweight children, “we will have, within a decade or two, a number of young people who are on kidney dialysis. There will not be organs for everybody”. UK-based International Obesity Task Force has said that junk food manufacturers target children, for example, through Internet advertising, chat rooms, text messages, and “advergames” on websites. Politicians are not doing enough to address the problem of obesity, including childhood obesity, the experts said.

    According to Wikipedia, examples of junk food include, but are not limited to: hamburgers, pizza, candy, soda, and salty foods like potato chips and french fries. A well-known piece of junk food is the Big Mac. The US version of just one Big Mac burger contains 48% of calories from fat, 47% US Recommended Dietary Allowance (RDA) of fat, 52% RDA of saturated fat, 26% RDA of cholesterol, 42% RDA of sodium, and little nutritional value. It also has 18% of calories from protein. According to WHO, most people need only about 5% calories from protein. Staples such as rice, corn, baked potatoes, pinto beans, as well as fruits and vegetables such as broccoli, cauliflower, zucchini, oranges, and strawberries, provide more than this required amount of protein without the unhealthy amounts of fats or sodium, without cholesterol, and with plenty of fiber, vitamins, and minerals.

    Both WHO and the American Centers for Disease Control and Prevention (CDC) define overweight in adults as a Body Mass Index (BMI) of 25 or above, and obese as a BMI of 30 or above. To combat overweight and obesity, WHO recommends that, among other things, people should be taking the following steps

    • eating more fruit and vegetables, as well as nuts and whole grains;
    • engaging in daily moderate physical activity for at least 30 minutes;
    • cutting the amount of fatty, sugary foods in the diet;
    • moving from saturated animal-based fats to unsaturated vegetable-oil based fats.

    Dominique Strauss-Kahn resigns as head of IMF

    " href="http://www.jatuse.com/dominique-strauss-kahn-resigns-as-head-of-imf/" rel="bookmark">
    Dominique Strauss-Kahn resigns as head of IMF
     Author: RdBXvzh4

    30 Sep

    Thursday, May 19, 2011

    Dominique Strauss-Kahn has resigned as the head of the International Monetary Fund after he was arrested and charged with sexually attacking a chambermaid at a hotel in New York. In a statement to the executive board of the IMF, he said he was resigning from his position “with immediate effect” to “devote all my strength, all my time, and all my energy to proving my innocence.” Officials at the IMF said they would soon be releasing information about his successor.

    In the statement to the board, he said it was “with infinite sadness” that he had to resign, and paid tribute to the IMF. “To all, I want to say that I deny with the greatest possible firmness all of the allegations that have been made against me,” he said.

    The politician is currently being held at the notorious Rikers Island, where he has been put on suicide watch, after a judge at a court in Manhattan denied him bail for fears he was a flight risk after he reportedly tried to flee the country on a passenger jet. In court earlier this week, where Strauss-Kahn appeared tired, he denied the charges against him and offered $1,000,000 bail, but the judge refused.

    Prosecutors allege Strauss-Kahn sexually assaulted a chambermaid at a luxury hotel near Times Square. “The maid described being forcibly attacked, locked in the room and sexually assaulted,” a spokesperson for the New York Police Department said.

    Detectives said the politician was detained in the first class cabin of the Air France passenger plane which was minutes from leaving for Paris. Strauss-Kahn had reportedly fled the hotel “in a hurry” after the attack, leaving a number of personal effects behind. He was charged with committing a criminal sexual act, attempted rape, sexual abuse, unlawful imprisonment and forcible touching.

    Investigators have this week continued to search the hotel room where the alleged attack took place, removing a piece of carpet in the suite which they hope will prove the allegation by the chambermaid that he forced her to have oral sex. Benjamin Brafman, the lawyer defending Strauss-Kahn, said forensic evidence found in the room at the Sofitel New York hotel “will not be consistent with a forcible encounter”.

    Strauss-Kahn is to make another court appearance to plead for bail again this morning, Brafman said; the defence is reportedly considering telling the judge he will surrender his passport, wear an electronic tag, and remain under strict living conditions.

    The IMF has said it will soon release information about Strauss-Kahn’s successor; John Lipsky, the deputy head, has been acting as head since the arrest at the weekend. The incident comes at a critical time for the IMF as it tries to the financial states of struggling eurozone countries. Strauss-Kahn was meant to discuss the bailouts of Greece and Portugal with European Union financial officials at a meeting in Brussels earlier this week.

    Before his arrest he was expected to announce his candicacy in the race for the French presidency, and analysts suggested he posed a real threat to Nicolas Sarkozy, but the charges will likely put and end to the hopes of his supporters.

    English court jails policeman over insurance fraud

    " href="http://www.jatuse.com/english-court-jails-policeman-over-insurance-fraud-3/" rel="bookmark">
    English court jails policeman over insurance fraud
     Author: RdBXvzh4

    18 Sep

    Thursday, July 1, 2010

    A court in England, UK has jailed a policeman for ten months after he was convicted of defrauding his car insurance company.

    Police Constable Simon Hood, 43, arranged for a friend who dealt in scrap metal to dispose of his Audi TT, then claimed it had been stolen.

    Hood had been disappointed with the car’s value when he tried to sell it two years after its purchase in 2008. He arranged for friend Peter Marsh, 41, to drive the vehicle to his scrapyard in Great Yarmouth, Norfolk. Marsh then dismantled the vehicle with the intent of disposing of it, but parts were later found wrapped in bubblewrap at Ace Tyre and Exhaust Centre.

    Marsh picked up the TT from outside nearby Gorleston police station. Records show mobile phone conversations between the conspirators that day in March, both before and after the vehicle was reported stolen. The pair denied wrongdoing but were convicted of conspiring to commit insurance fraud after trial.

    The fraud was uncovered after Hood told former girlfriend Suzanne Coates of the scheme. It was alleged before Norwich Crown Court that he had confessed to her in an effort to resume their relationship. Coates said that after the pseudotheft, Hood told her “he didn’t want to look for it. He said it would be like looking for a needle in a haystack, which I thought was a bit strange.”

    You knew throughout your career that policemen that get involved in serious dishonesty get sent to prison

    Shortly afterwards Hood suggested they should become a couple once more, she said; she challenged his version of events regarding the car: “He said he did it but I couldn’t tell anyone. He said he did it with Peter. Peter had a key and took the car away and it was going to be taken to bits and got rid of so it was never found.”

    Hood was defended by Michael Clare and Marsh by Richard Potts. Both lawyers told the court that their clients had already suffered as a result of the action in mitigation before sentencing. Clare said Hood had resigned from the police after fifteen years of otherwise good service and risked losing his pension. “It is not a case where his position as a police officer was used in order to facilitate the fraud,” he pointed out. “His career is in ruins.” Hood is now pursuing a career in plumbing.

    Potts defended Marsh by saying that he, too, had already suffered from his actions. His own insurers are refusing to renew their contract with him when it expires and his bank withdrew its overdraft facility. His business employs 21 people and Potts cited Marsh’s sponsorship of Great Yarmouth In Bloom as amongst evidence he supported his local community.

    Judge Alasdair Darroch told Marsh that he did accept the man was attempting to help his friend. He sentenced Marsh to six months imprisonment, suspended for two years and ordered to carry out 250 hours of community service. He was more critical of Hood:

    “As a police officer you know the highest possible standards are demanded by the public. You have let down the force. You knew throughout your career that policemen that get involved in serious dishonesty get sent to prison.”

    Loan Calculators Assist You When Making Auto Finance Decisions

    Author: RdBXvzh4

    18 Sep

    Read More About:

    Submitted by: 1800approved 1800

    It s obvious, rather essential to do research when you intend to buy anything. If you are planning to take loan to buy a vehicle or any other product, then it becomes more important to do research for the purchase. In such cases, along with comparing vehicles and their models, their accessories and mileage; you need to find out the best finance and insurance options as well, which can assist you in choosing the best type of loan or finance options that you can afford.

    It is important that while you are choosing the best dealership with the best price for the vehicle you are intending to buy, you need to find which finance broker provides you proper guidance on your finance requirements, appropriate finance options and a quick loan approval. There are hordes of finance options available in the market. A slight difference is there in the interest rates and terms of the each of finance option available. It is all up to you which one you want to choose.

    This process of finding any options and products and available loan or finance needs a certain amount of effort to be taken by the purchaser boat loan. With 1800 Approved this process can be made much less painful and can prove to be strongly effective in the purchasing process. This is done through effective representation of the clients requirements to a prospective lender, understanding product and sourcing the most appropriate approval for the customer that suits their desired requirements. 1800 Approved is the one stop solution for the whole life for loan services and finance solutions that include finance products such as; caravan loans, car loan, bike loans, jetski finance, boat loans, motorbike finance etc.

    YouTube Preview Image

    With a drive to make everybody our customer not only for today but for their complete life, we strive hard to offer high quality services to our valuable cliental and the dealer referrers. You can get your finance calculations done for free with us as we are equipped with loan calculators as well. Our auto loan calculator is a great tool to get your finance calculations done yourself. This expedient tool will serve you as car finance calculator or car loan calculator, repayment calculator, etc.

    You can see us as one stop solution for all your finance requirements as along with the loan cover we are available with sundry insurance and warranty products to support your purchase.

    In addition to all this, we can also help you fulfilling your needs if you are looking to finance a boat, a motorbike, a jetski, a bike, forklift etc. As we have developed a much wider network of preferred partners, we can refer you as 1800 Client to any of them who can assist you in your purchase.

    1800 Approved is enjoying continual growth and expanding presence supporting customers and dealers for caravan finance, car finance, earthmoving, machinery finance, equipment finance, personal loans and other finance and insurance solutions.

    Get various kinds of finances like caravans finance from 1800Approved, one of the Australia’s leading broker. Other than finance, we also offers insurance and warranty products.

    About the Author: Get various kinds of finances like caravans finance from 1800Approved, one of the Australia’s leading broker. Other than finance, we also offers insurance and warranty products. For more info visit :

    1800approved.com.au/

    Source:

    isnare.com

    Permanent Link:

    isnare.com/?aid=1495495&ca=Finances

    Appalachia Mountains coal company plays State politics

    " href="http://www.jatuse.com/appalachia-mountains-coal-company-plays-state-politics/" rel="bookmark">
    Appalachia Mountains coal company plays State politics
     Author: RdBXvzh4

    7 Sep

    Tuesday, August 2, 2005

    Massey Energy Co., the fourth largest coal producer in the U.S., filed a federal lawsuit against the Governor of West Virginia, Joe Manchin.

    Massey’s CEO Don Blankenship alleged that Gov. Manchin acted in retaliation against the company’s coal mining operations because the company spent $650,000 in an advertising campaign to defeat the governor sponsored pension bond proposal. The $5.5 billion bond proposal, intended to shore up the state’s sagging pension plan, was defeated in a special election held in June.

    The Massey lawsuit, filed last Tuesday on July 26 in the U.S. District Court in the W.V. southern district, was referred to by Gov. Manchin as having less to do with the bond proposal than with the newly increased state “severance tax” on coal. Nearly 40 million tons of coal production will be subject to the 56-cent tax.

    According to Blankenship, that tax amounts to $22.4 million in additional costs for the company, but he denied the increase has anything to do with the lawsuit.

    The company reported profits that almost tripled during the second quarter compared to a year ago. Of the company’s rosy earnings picture, Blankenship urged states to “show some frugality” by not placing tax burdens on coal to solve state budget shortfalls. He said his company is “playing a role” because there was no need for the bond sale and the state can afford to make payments into the pension system.

    Blankenship acknowledged during a conference call the now-rescinded June 30 permit by the W.V. Department of Environment Protection (DEP). At issue was the department’s permit for mining operations near the Marsh Fork Elementary School, in Sundial, W.V. The school rests at the base of a mountain selected by Massey for “Mountain Top Removal” (MTR) mining techniques. Along with the mining equipment, a coal preparation plant and a sludge pond were established on the mountain. Protest groups, mainly the Coal River Mountain Watch and Mountain Justice Summer, presented a list of demands to Massey officials that included shutting down the preparation plant, ceasing all MTR mining above the Marsh Fork Elementary School, and abandoning plans for a second coal silo near the school. They also ask that the Marsh Fork school be cleaned up or relocated. The state permit for a second coal storage silo was rescinded by the DEP the same day Massey filed the Manchin lawsuit.

    Gov. Manchin in June said that Blankenship could expect tougher state scrutiny of his business affairs since the Massey media campaign against the pension bond proposal. “I think that is justified now, since Don has jumped in there with his personal wealth trying to direct public policy,” he said at an appearance at an American Electric Power event in Putnam County.

    Old deeds threaten Buffalo, NY hotel development

    " href="http://www.jatuse.com/old-deeds-threaten-buffalo-ny-hotel-development/" rel="bookmark">
    Old deeds threaten Buffalo, NY hotel development
     Author: RdBXvzh4

    3 Sep

    Buffalo, N.Y. Hotel Proposal Controversy
    Recent Developments
    • “120 year-old documents threaten development on site of Buffalo, N.Y. hotel proposal” — Wikinews, November 21, 2006
    • “Proposal for Buffalo, N.Y. hotel reportedly dead: parcels for sale “by owner”” — Wikinews, November 16, 2006
    • “Contract to buy properties on site of Buffalo, N.Y. hotel proposal extended” — Wikinews, October 2, 2006
    • “Court date “as needed” for lawsuit against Buffalo, N.Y. hotel proposal” — Wikinews, August 14, 2006
    • “Preliminary hearing for lawsuit against Buffalo, N.Y. hotel proposal rescheduled” — Wikinews, July 26, 2006
    • “Elmwood Village Hotel proposal in Buffalo, N.Y. withdrawn” — Wikinews, July 13, 2006
    • “Preliminary hearing against Buffalo, N.Y. hotel proposal delayed” — Wikinews, June 2, 2006
    Original Story
    • “Hotel development proposal could displace Buffalo, NY business owners” — Wikinews, February 17, 2006

    Tuesday, November 21, 2006

    Buffalo, New York —Buffalo, New York developers have been stymied by old real estate deeds.

    The prospective Elmwood Village Hotel may be scuttled and businesses now located there may be forced to move.

    Frustrations over property located in an area once known as “Granger Estates” circulate around a clause in the original deeds over land divided by then-owner Erastus Granger in the early 1800’s.

    According to the documents, “no business establishment of any kind whatsoever” shall ever be constructed on the property, and they shall forever be exclusively for residential use only. Also prohibited are barns, farms and stables.

    Sam Savarino, CEO of Savarino Companies, the prospective hotel developer, announced that his legal research team found the restrictions on properties located between 1109 and 1121 Elmwood Avenue which also stated in part that “no businesses, hospitality establishment of anykind whatsoever” shall ever be permitted to be built on the property.

    Savarino, whom is expected to contest the restrictions, said that his company could have ignored the findings, but that, “we can’t risk the future of a multimillion-dollar project on the hope they wouldn’t be discovered. Our opponents would have had a field day if they’d surfaced after the fact.”

    Savarino said his attorneys and researchers are anticipated to determine “exactly what weight the restrictions carry and if there’s a way for the courts to negate them.”

    Existing businesses are also jeopardized.

    Hans Mobius, owner of some of the restricted properties upon which a carriage house is built, said, he wasn’t aware of any restrictions, and “never had a reason to research the deed and title documents.” He confidently added that, “the lawyers can get this taken care of.”

    Other threatened businesses include Don Apparel, H.O.D. Tattoo, Forest Plaza Art Gallery and Allentown Music.

    ==Sources==

    		This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
    		This article features first-hand journalism by Wikinews members. See the collaboration page for more details.

    Several groups seek to purchase Saturn auto brand

    " href="http://www.jatuse.com/several-groups-seek-to-purchase-saturn-auto-brand-4/" rel="bookmark">
    Several groups seek to purchase Saturn auto brand
     Author: RdBXvzh4

    1 Sep

    Thursday, May 7, 2009

    Penske Automotive Group, Inc., an Ohio-based investment group and Telesto Ventures have indicated separately that they are interested in purchasing the Saturn auto brand from General Motors (GM).

    According to The Wall Street Journal, Nissan-Renault is interested in purchasing Saturn. Bloomberg, however, indicated that Nissan-Renault may be a partner of Penske’s potential bid. If Penske acquired the brand, they would distribute Saturn vehicles and outsource the assembly.

    GM revealed that the Saturn brand along with Saab and Hummer were up for sale when unveiling their restructuring plans to Congress for governmental loans. While the Pontiac brand was originally to be a niche brand, GM had changed their plans recently and decided to eliminate the brand.

    Telesto Ventures is an investment group that includes private equity firm Black Oak Partners LLC of Oklahoma City and several Saturn dealerships. Initially, Telesto will purchase Saturn branded cars from GM then act as a general retailer for foreign brands. Telesto is in talks with several foreign manufacturers.

    The Ohio group includes many former senior auto company managers plus private financial backers, chemists and engineers who live in Michigan, Ohio, Indiana and Florida. This group plans to initially purchase cars from GM then purchase existing but closed plants due to automaker restructuring. Additionally, one of the partners indicated a willingness to accept some “legacy” cost in relation to the United Auto Workers. The Ohio group is also pursuing possible loans or other support from national and state governments.

    GM is reviewing several offers for Saturn. GM has contracted with S.J. Girsky & Co. to advise them on the sale.

    Dell joins Microsoft-Nortel VoIP Team

    " href="http://www.jatuse.com/dell-joins-microsoft-nortel-voip-team-6/" rel="bookmark">
    Dell joins Microsoft-Nortel VoIP Team
     Author: RdBXvzh4

    24 Aug

    Saturday, October 20, 2007

    Dell Inc. announced on Tuesday that it will partner up with the Microsoft-Nortel Innovative communications alliance (ICA) team to sell Unified Communications and VoIP products.

    The announcement on Tuesday the 16th of October 2007 includes Dell selling VoIP, data and wireless networking products from Nortel and the Microsoft Office Communications Server 2007 and other unified communications products.

    The partnership with both manufacturers should allow Dell to provide a pre-integrated solution.

    In March 2007, competitors IBM and Cisco announced they would join in the competition for developing unified communications applications and the development of open technologies around the unified communications and collaboration (UC2) client platform an application programming interfaces (APIs) offered by IBM as a subset of Lotus Sametime.

    “We want to make it simple for our customers to deploy unified communications so their end users can get access to all their messages in one place – whether its e-mail, phone or mobile device. This will pave the way for more business-ready productivity tools,” said vice president of solutions, Dell Product Group, Rick Becker.

    • Customers have four options:
      • Core Office Communication Server 2007 – provides instant messaging and on-premise Microsoft Live Meeting.
      • Office Communication Server: Telephony – enables call routing tracking and management, VoIP gateway and public branch exchange (PBX) integration.
      • Audio and Video Conferencing – allows point-to-point conference, video conference and VoIP audio conference.
      • Exchange Unified Messaging – provides voicemail, e-mail and fax in Microsoft Outlook, and anywhere access of Microsoft Outlook Inbox and Calendar.

    © jatuse.com | All Rights Reserved