Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Featured, News May 2, 2016 1,325 Views A House Win for State Insurers Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. Tagged with: Fannie Mae Flood Insurance Freddie Mac House Financial Services Committee Servicers Navigate the Post-Pandemic World 2 days ago Share Save The House Financial Services Committee unanimously passed a bill this week that lifts certain restrictions placed on insurance companies by the federal government and gives states more flexibility to license and regulate private flood insurance.The H.R. 2901, the Flood Insurance Market Parity and Modernization Act, authorizes state insurance commissioners to approve flood insurance policies for Fannie Mae, Freddie Mac, and other federally-backed mortgages. In addition, the bipartisan bill encourages the development of a robust private flood insurance market that offers homeowners more pricing and coverage options.The bill is co-sponsored by Reps. Dennis Ross (R-Florida) and Patrick Murphy (D-Florida) and passed on a 419-0 vote.Ross stated in his House floor speech that regulatory restrictions along with the bias of regulators favoring National Flood Insurance Program (NFIP) policies have prevented the development of a private flood insurance marketplace, and this was “an unintended consequence.”“While the NFIP is limited in what its policies cover, the private sector is not. The private sector is also in a better position to provide stronger incentives for property owners to invest in mitigation and resiliency. Ultimately, this increased emphasis on mitigation will benefit homeowners and taxpayers alike,” he said.Although the bill is specifically for Florida homeowners, Ross stated that homeowners all over the U.S. could benefit from flood insurance reform.“Floridians and all Americans across the country would greatly benefit from more choices when it comes to flood insurance policies, and private competition in this market will lead to greater innovation and more affordable and comprehensive policies for consumers,” Ross stated.Murphy added, “This bill is a win-win for Florida families, giving them more options for flood insurance coverage and bringing down the cost of policies. It was great to see our legislation pass with unanimous support, and I urge the Senate to swiftly follow suit.” Fannie Mae Flood Insurance Freddie Mac House Financial Services Committee 2016-05-02 Brian Honea Previous: Affordability Muted by Rapid Home Price Growth Next: Did the Government Set the GSEs Up for Trouble? About Author: Xhevrije West Home / Featured / A House Win for State Insurers Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Print This Post Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago
The Boler-Parseghian Center for Rare and Neglected Diseases (CRND) will be hosting a two-day conference dedicated to raising awareness and understanding of rare diseases starting Friday.According to CRND’s website, the annual conference will feature speeches, forums, interactive stations and other events by a variety of medical and research experts from across the nation. Kasturi Haldar, the director of CRND, said the meeting brings together a convergence of researchers, students, trainees and patients.“There are 7,000 rare and neglected diseases as defined by U.S. federal guidelines, and so what this means is one in 10 people suffer from a rare and neglected disease,” Haldar said. “These diseases are very poorly understood, so there is need to increase awareness, there is need to understand them better and there is a very large unmet need to develop therapies for these diseases.”Because of the large number of rare diseases, the conference is intended to touch on “reasonably broad areas,” Haldar said, such as brain afflictions, blood and lung disorders.“Mechanistically, there’s a huge amount of discovery because [rare diseases] are so under-researched, so it’s a great place for students and trainees who want to understand how a disease is caused but then also for students who are interested in careers in medicine or biology or research in general,” she said.The keynote speakers, Haldar said, are Nicole Boice, the founder and CEO of Global Genes, and Rob Long, a former college football player who survived a rare brain cancer and is now the director of strategic development for Uplifting Athletes.“Really there’s a tremendous sense of hope and excitement,” Haldar said. “We have seen a lot of progress in the development of programs and rare and neglected disease here at Notre Dame, but also nationwide and in the world.”Launched nine years ago as a lunch involving about 20 students, the event has gradually expanded after CRND’s development of an outreach program, Haldar said. By emphasizing the “empowerment of patients” as a major theme for this year’s conference, she said she expects about 170–175 attendees.“There will be a much larger and integrated focus on patient engagement and the activities of our students,” Haldar said. “We’ve created booths, and at these booths, we have students who are partnering with patients to present their disease, so the students will speak on a molecular genetic basis and the patients will speak to the clinical path that they have been down.”Another new addition, Haldar said, is that patients will be introducing each session of the conference.“We’re trying to bring this whole process together, all of the different components that go into supporting and informing rare and neglected diseases research,” Haldar said. “ … The students learn a lot from the patient community, and obviously it’s through the work that the students do that we’re able to support the patients.”According to the conference’s website, patient advocacy groups on campus will also be in attendance. Senior Hannah Mumber, the co-president of RareND, said RareND will give “teaser talks” and presentations on how the club focuses on rare disease awareness and patient advocacy on campus.“The conference allows all sectors of the rare disease community to come together to share experiences and recent research,” Mumber said. “ … I expect the atmosphere to be very collaborative and supportive as always and am most excited to meet the patients and their families.”Junior Megan Crowley, a student who will her share some of her experience of growing up with Pompe disease, will be speaking Saturday after her father, John Crowley, who helped find a cure for Pompe.Editor’s note: Crowley spoke to The Observer with the assistance of her nurse, Emma Holly, who is quoted below.“She’s going to talk about growing up and basically how, through her life, her dad has been helping to try and save her life,” Holly said. “A lot of people view her dad as a hero, but to her it’s just her dad, so she’ll be talking about that.”As it is Crowley’s second year attending the conference, Holly said Crowley hopes more people will attend the conference and that it raises more awareness about rare diseases.“She thinks it is important that people are aware of rare disease day,” Holly said. “ … If there’s enough people getting behind [a rare disease] and supporting it together, then it really makes it less rare [because] there’s more awareness brought to it.”Tags: Megan Crowley, Rare Disease Day Celebration, rare diseases, The Boler-Parseghian Center for Rare and Neglected Diseases
An uneasy calm has blanketed much of Jakarta as the city made it through the first day of large-scale social restrictions (PSBB) despite concerns over possible social unrest.Activity in and around the metropolis was visibly reduced on Friday, with roads emptying out and people choosing to remain at home despite the long weekend holiday.The first day of restrictions in Jakarta coincides with the Christian celebration of Good Friday, which typically sees heavy traffic on the city’s toll roads, as people seek to travel out of town with friends and family. The policy, laid out in Gubernatorial Regulation No. 33/2020, stipulates that firms operating in Jakarta should cease all office activities and that residents are not allowed to go out except to procure basic necessities. Food vendors are allowed to remain open but only to serve takeaway, while public transport services will operate on a limited schedule.Anyone who violates the regulation will be subject to disciplinary action by the police.Jakarta’s PSBB status will be enforced until midnight on April 24 and is open to extension.Based on The Jakarta Post’s observations, police officers and transportation agency officials have already begun enforcing the restrictions.At the Lebak Bulus traffic checkpoint in South Jakarta, 10 police officers and five agency officials were questioning drivers to ensure they were complying with the rules. Drivers who fail to wear a protective mask are asked to turn back, while passengers of four-wheeled vehicles are asked to keep a safe distance from the driver by sitting in the back seat.Jakarta Police spokesman Sr. Commr. Yusri Yunus said the police were ready for the possibility of social unrest during the two-week period, with all police officers having undergone training on Thursday to prepare for all possible incidents.“The public is now more aware of the risks of the disease, so we think they will stay home,” Yusri told the Post. “After all, this is not a total lockdown, as minimarkets are still operating and the transport of goods will continue, so we believe there will be no unrest.”The quietness of the city’s empty streets is a stark contrast to the uneasiness felt by many observers, who fear the government is not doing enough to prevent social unrest erupting in response to the long-term restrictions.The COVID-19 outbreak has dealt a devastating blow to many workers across the country. More than 1.2 million employees from 74,439 companies in both the formal and informal sectors have either been told to stay home or have been laid off as a result of the pandemic, Manpower Ministry data showed on Tuesday.To anticipate a possible backlash, the Jakarta administration has prepared a social assistance scheme through which 1.52 million households in Jakarta will receive groceries once per week until the policy ends.President Joko “Jokowi” Widodo has also announced that the government would provide direct cash payments of Rp 600,000 (US$40) per month to 1.2 million registered poor and vulnerable households in the capital from April until June.Critics have warned, however, that the hasty distribution of assistance to impoverished residents could blow up in the government’s face if it is not carried out prudently.Jealousy and resentment among those who do not qualify for assistance, especially if others deemed underserving do qualify, could lead to social unrest, said Nia Elvina, a sociologist at Jakarta’s National University.Nia applauded the efforts to set up the social assistance program, arguing it could help prevent the kind of social unrest seen in India in the early days of its total lockdown, which stemmed from a failure to calculate the economic woes citizens might endure during large-scale restrictions.She warned, however, that there was still a risk for social turmoil in Jakarta, especially stemming from inaccurate data on who should qualify for assistance, which even Anies had complained about.“The administration also needs to speed up the distribution of aid to ensure the PSBB policy is effective,” she told the Post on Friday.Gugun Muhammad, a community organizer at the Urban Poor Coalition (UPC), expressed similar sentiment about the lack of clarity surrounding the social assistance scheme.The lack of public awareness, especially among less fortunate households, about the assistance scheme could backfire if questions about the mechanisms are left unanswered, he said.— Donny Fernando and Dhoni Setiawan contributed to the story.Topics : The Jakarta Traffic Police reported via its Twitter account @TMCPoldaMetro that traffic was light on several roads in the city as well as the Cikampek and Bumi Serpong Damai toll roads.It has been just over a month since Indonesia announced its first two cases of COVID-19 infection, with the nation’s capital becoming the first region to impose a partial lockdown.Jakarta Governor Anies Baswedan officially imposed the PSBB status at midnight Thursday in a bid to slow the spread of COVID-19, after the city became the national epicenter of the outbreak.As of Friday, Jakarta had recorded 1,753 confirmed COVID-19 cases, almost half of the country’s official tally of 3,512 cases. The capital had also recorded 154 of the 306 fatalities nationwide.
Novatek-led Yamal LNG project secured 14-year credit facilities in the amount of €425 million ($476.8 million) with Raiffeisen Bank International and Intesa Sanpaolo.The insurance coverage for the loan is provided by the Swedish export credit agency EKN and the German export credit agency Euler Hermes.Yamal LNG has previously received financing from the National Welfare Fund of Russia. It also signed agreements on credit lines with Sberbank and Gazprombank, as well as with the China Development Bank and the Export-Import Bank of China, the Japan Bank for International Cooperation (JBIC) and the bank Intesa Sanpaolo with insurance coverage by the Italian export credit agency SACE and the French export credit agency COFACE.Speaking of the agreements with the European banks, Yamal LNG’s general director, Evgeniy Kot said it will allow the project to optimize its credit portfolio.“We have already raised sufficient amount of financing and further reduction of average cost of debt will increase the economic value of the project for our shareholders,” he said.The $27 billion Yamal LNG project is expected to ship its first cargo before October this year.The liquefied natural gas project in the Yamal Peninsula in Siberia is expected to produce a total of 16.5 million tons of LNG per year. Almost all of the volumes from the project have already been contracted.Shareholders in the Yamal LNG project are Novatek, as the operator with a 50.1 percent stake, CNPC and Total with 20 percent stake each and China’s Silk Road Fund with a 9.9 percent stake.1 EUR = 1.12193 USD LNG World News Staff