Students to take aid to Calais

first_imgThis coming Tuesday 24th November, a group of Oxford students plan to drive two vans of supplies to Calais to be distributed to refugees.The initiative follows a recent fire in ‘The Jungle’ – a refugee camp – which destroyed 40 shelters and left over 150 refugees exposed to the elements.The Oxford-wide scheme has involved representatives collecting supplies across most colleges and has also crowdfunded approximately £2,000 which will be put towards winter supplies for refugees.Asked about the origins of the initiative, Alethea Osborne, Women’s Officer at St. Anthony’s GCR, commented, “It came out of a fairly casual conversation about the refugee crisis in Europe and what we could do to help and so was fairly informal really…then we made a Facebook page and crowdfunding page and everything just took off!“I was contacted very quickly by people from different colleges wanting to help and we now have reps in 16 colleges and the response has just been amazing.”A list of priorities produced by L’Auberge and Help Calais, updated on a weekly basis, has been used to make sure every donation is as valuable as possible. The top five ‘critical’ priorities are pre-made identical food parcels, volunteers, blankets, sleeping bags and tents. The Wadham donation team has stated it is specifically hoping for men’s trousers, boots and trainers, winter jackets, hats, scarfs, gloves and blankets.Wadham has been among the largest college contributors to the Oxford-wide initiative, which has been co-organised by Osborne and Jack Clift, LGBTQA officer and bar manager at St. Anthony’s.Earlier this week, Wadham representative for the initiative, Niamh Macintyre, told Cherwell, “Wadham will be collecting physical donations of clothes and blankets for refugees in ‘The Jungle’ this week and Seventh Week…as part of a convoy heading over from Oxford to Calais on the 24th. We’ve had a really great response so far from both students and staff.”last_img read more

Read More »

Statement to Parliament: US imposition of steel and aluminium import tariffs

first_imgWith permission, Mr Speaker, I shall make a statement on US imposition of steel and aluminium import tariffs.On Thursday 31st May President Trump announced that the United States would impose tariffs of 25% on steel imports and a 10% tariff on aluminium imports from the European Union.Canada and Mexico, with whom the United States is renegotiating the North American Free Trade Agreement, will also be subject to the same tariffs.Although Argentina, Brazil and South Korea have avoided tariffs, those countries agreed to lower exports to the US. Indications are that they will be restrictive, in some instances involving quarterly quotas.For the products within the scope of these tariffs, in 2017, the US accounted for 7% of UK steel exports and 3% of UK aluminium exports. Put another way Mr Speaker, the UK accounted for 1% of US steel imports and 0.1% of US aluminium imports, in tonnage, at a value of £360 million and £29 million respectively.We are deeply disappointed that the United States has taken this unjustified decision, particularly on grounds of national security. We share a strong defence and security cooperation relationship.As close allies in NATO, permanent members of the UN Security Council and nuclear powers, close co-operation between the UK and US is vital to international peace and security and other EU states are also key players in transatlantic security co-operation.As I said the last time I addressed the house on this issue, these unilateral trade measures have weak foundations indeed in international law and they are not consistent with the US Department of Defense’s own judgement in an investigation that was conducted on the basis of national security.We believe the EU should have been permanently and fully exempted from the unjustified measures on steel and aluminium.We will continue to make this case at the highest level, in concert with the EU.Our priorities now are to defend the rules based international trading system which supports growth, consumers and industry, to ensure that this does not escalate and risk further undermining world trade. And most importantly to protect the interests of British industry.Mr Speaker, the use of national defence as the rationale for this action threatens to create a worrying global precedent.We are clear that these unjustified additional tariffs could harm consumers, hold back growth and ultimately damage industry by driving up the price of inputs and production and diminish global competitiveness.We remain of the view that issues of global overcapacity in the steel market are best solved through international collaboration not unilateral action.The UK has worked hard to address the issue of overcapacity. The Prime Minister called for a forum of G20 members to tackle this issue and the UK will continue to work within the rules-based international trade system to tackle this problem through the G20 Steel Forum.However, as the US has decided to impose these tariffs which will damage the steel and aluminium industries in Europe, we must respond. As a member of the European Union, we will continue to work with the European Commission and member states on the EU response.That is focused on 3 areas:Firstly, the European Commission is preparing to introduce immediate duties on the US, ahead of a WTO dispute.Following a unanimous decision by member states, the EU notified the WTO of its potential list of product lines on 18 May and could trigger tariffs on this list of products from 20 June. The Commission is required to seek member state approval a second time in order for any of the countermeasures to come into effect. Specific timings are yet to be determined by the Commission.Second, the EU can apply safeguard measures to protect the steel and aluminium industries from being damaged by an influx of imports to the EU caused by the displacing effect of US tariffs. The EU is finalising an ongoing investigation launched on 26 March into potential EU-level safeguard measures to protect its own steel market from trade diversion resulting from US measures.Provisional measures could be adopted as early as mid-July. The EU has also introduced surveillance of aluminium imports to determine whether an aluminium safeguard investigation is justified. We will support any safeguard measures required to deal with steel diversion as a result of these tariffs.Third, the EU can pursue a dispute at the WTO and it filed such a dispute challenging US steel and aluminium tariffs last Friday.Mr Speaker, it is right to seek to defend our domestic industries from both the direct and indirect impacts of these US tariffs. The response must be measured and proportionate and it is important that the UK and the EU works within the boundaries of the rules-based international trading system.Since the President asked the Commerce Department to launch the investigations into the national security impact of steel and aluminium imports last April, the government has made clear on repeated occasions to the administration, the potentially damaging impact of tariffs on the UK and EU steel and aluminium industries.The Prime Minister has also raised her concerns with President Trump.I, myself, have spoken on multiple occasions to the Commerce Secretary and US Trade Representative about the investigation, the Director General of the WTO, Roberto Azevedo, and the EU Trade Commissioner, Cecilia Malmstrom, as well as my colleagues in member states.The government has worked closely with the EU as part of our unified response.In addition, I can assure the House that we have been in regular contact with the UK steel and aluminium industry throughout and the Business Secretary has convened a Steel Council which will take place shortly. I’ve been in touch regularly with UK Steel, most recently in a meeting in Westminster earlier today.We remain committed to robustly defending and protecting the UK steel and aluminium industries and its employees. The government will continue to press the US for an EU wide exemption from these unjustified tariffs.In parallel, UK suppliers will want to encourage their US customers to seek product exemptions via the process being overseen by the US Commerce Department.The Department of Business, Energy and Industrial Strategy will be hosting a meeting with the industry tomorrow morning to share information and advice on the product exemptions process which is being run by the US Department of Commerce.UK firms without a presence in the US cannot apply directly for a product exemption. This means UK firms will need to work with the end users of their products in the US to apply for the for a product exemption to gather the relevant data and justification for a product exemption.The government will support applications made on behalf of UK industry with representations to the Commerce Department to process applications for product exemptions as promptly as possible.My department published an information note on the procedure on gov.uk on Friday.Mr Speaker, the government is committed to free and fair trade and the international rules that underpin both. We will seek to promote and protect those rules alongside the interests of British industry.I commend this statement to the House.last_img read more

Read More »

Journey The Cosmos With TAUK’s New Album, “Sir Nebula” [Review/Stream]

first_imgThe upward trajectory of progressive rockers TAUK reads like a fairy tale for musicians. Formed on Long Island, TAUK quickly made a name for themselves in the jam scene with their unique sound. So unique, in fact, that it poses a challenge to summarize in words. It’s as if the band Rush dialed up the funk, and made their music entirely instrumental. The band sticks to their sound with a steadfast diligence on their third album, Sir Nebula, and it pays off in scores.Listen to the full Spotify stream below, and read on for the review that follows.With the instrumental nature of the album, it’s guitarist Matt Jalbert and keyboardist Alric “A.C.” Carter who really have a chance to offer enchanting melodies. Jalbert gets the first notes of Sir Nebula, with a slow-building introduction on “Horizon.” Carter accompanies with otherworldly synth tones, before the full rhythm section kicks into gear. Enough cannot be said about the bass-drums combination of Charlie Dolan and Isaac Teel, who create one of the tightest pockets in the scene. With such a high level of rhythmic musicianship, the stage is set for Jalbert and Carter to explore.If “Horizon” is subtle in into introduction, the next song, “Informant” dials in the listener with some serious funk. The song takes an ethereal turn midway through, with an edge that is uniquely TAUK. Meanwhile, tracks like “Time’s Up” and “Resolve” draw on more emotional tones, luring in listeners with drawing melodies.From cover to cover, Sir Nebula is distinctly TAUK. Their tight musicianship underlies their ability to transition through various sections, as evidenced on literally every track in this new album. It’s no wonder that the band has seen such a rise in popularity over the years, and has even had the opportunity to perform with Umphrey’s McGee members for the occasional TAUKing McGee performance. It’s amazing what this band has been able to accomplish in such a short time frame.Perhaps the one surprise on Sir Nebula is “Darkwing,” a song that opens onto an eloquent piano introduction. The change of pace does the band well, setting the stage for what ultimately transforms into a truly raging song. Once that guitar riff hits, there’s no turning back!All in all, Sir Nebula is twelve tracks of TAUK doing what they do best. The band has found a sound that works for them, digging into elements of progressive, rock, funk, and jazz, all the while maintaining a toe-tapping, unrelenting energy. The sheer tightness displayed on Sir Nebula makes this release one of their best, as TAUK’s new music pushes them further than ever before. Their patience shines through, as each composition seems to build into an all-out frenzy. It’s a great listen, cover to cover.TAUK will be holding a two-night album release party at the Brooklyn Bowl beginning tonight, September 16th, and tomorrow September 17th. For more information, head here. As we once said about this band several years ago: “In short, TAUK is unstoppable. If you haven’t see them, dear God, go.” They’ve only gotten better.last_img read more

Read More »

#67: Introducing Isilon All-Flash

first_imgThe rapid growth of unstructured data represents a significant challenge for many enterprises across industries. As the volume and sources of data have expanded dramatically, traditional techniques to store and analyze information have proved to be too expensive and too slow to handle the massive data volumes modern enterprise product and manage.  Dell EMC Isilon is designed to directly address that challenge, taking your data lake strategy to the next level with new scale-out offerings providing breakthrough efficiency, scale and agility from edge to core to cloud.Earlier this week at Dell EMC World, Isilon became the latest member of the Dell EMC All-Flash Portfolio. This week on Dell EMC The Source, Ed Beauvais (@EdBeauvais), Director Isilon Product Marketing stops by to talk Isilon and the impact of All-Flash for density (68 PB) and performance (25 Million IOPS). How does that translate to your workloads?  Find out this week on Dell EMC The Source.  For more visit www.emc.com/isilonDon’t miss “Dell EMC The Source” app in the App Store.  Be sure to subscribe to Dell EMC The Source Podcast on iTunes, Stitcher Radio or Google Play and visit the official blog at thesourceblog.emc.comThe Source Podcast: Episode #67: Dell EMC Isilon taming unstructured data in a flashAudio Playerhttp://traffic.libsyn.com/thesource/EMC_The_Source_Episode_67_audio.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.EMC: The Source Podcast is hosted By Sam Marraccini (@SamMarraccini)last_img read more

Read More »

Power Up Your Network, from Edge to Core to Cloud

first_imgAnother Dell Technologies World is upon us! With it comes the opportunity for us to share the power of our portfolio with customers, partners, media and analysts from around the world. And when it comes to the network, power truly is the name of the game.Why? Data, and massive amounts of it. As all data center managers know, staying ahead of the traffic demands—and doing it cost-effectively—is a business-critical imperative. It’s also more of a challenge than ever before, particularly as organizations become increasingly reliant on multi/hybrid cloud operations to put data where it needs to be, when it needs to be there, to achieve desired business outcomes.In line with those demands, today Dell EMC Networking is announcing the Dell EMC PowerSwitch brand for our family of Open Networking switches. We’re powering up customers’ network environments with their choice of OS software, integrated fabric automation with OS10 SmartFabric Services and tight integration with VMware NSX, on industry-leading Dell EMC Networking hardware. Our PowerSwitch portfolio helps customers break free of vendor lock-in and proprietary, monolithic architectures that simply don’t deliver the level of flexibility, cost-effectiveness and scale that’s needed in a multi-cloud world.We’re also pleased to welcome the two newest members of the PowerSwitch family—the Dell EMC PowerSwitch S5212F-ON, the first in the industry to offer 12x25GbE ports, and the S5224F-ON with 24x25GbE ports. These switches are designed for demanding hyper-converged and software-defined storage environments. The powerful 25GbE ports offer increased performance, lower CAPEX and OPEX, and a future-proof path to 100GbE. These low-density switches deliver 2.5x the performance over existing 10GbE solutions—and in the case of the S5212, deliver that power in half the size!Both switches support the Open Networking Install Environment (ONIE), which gives customers the choice of running Dell EMC Networking OS10 Enterprise Edition software with integrated SmartFabric Services or approved third-party operating systems.Choice, flexibility, investment protection, technology that’s designed for today and the future—that’s the power of Open Networking and it’s why we pioneered the disaggregation of networking hardware and software five years ago, disrupting traditional networking. It’s why last year our Networking business grew 2x the market, according to Dell’Oro. It’s why customers look to Dell EMC Networking to transform their IT to deliver the business outcomes they need in this era of data. And it’s why Dell EMC was recognized in 2019 by Gartner Peer Insights with a Customers’ Choice distinction for Data Center networking.Living on the Edge      We are also transforming IT at the edge. To help customers modernize and evolve their WANs to handle the demanding requirements of a new, hybrid-cloud world, we are announcing the new Dell EMC SD-WAN Edge powered by VMware. This integrated platform dramatically improves the SD-WAN customer experience by providing a validated and bundled solution that offers a better-together experience completely unique to Dell Technologies.With VMware’s leadership in the 2018 Gartner Magic Quadrant for WAN Edge Infrastructure, and Dell EMC’s innovative uCPE hardware, enterprises and service providers will be able to scale their WAN infrastructures more quickly and cost-effectively while reducing complexity.The Dell EMC SD-WAN Edge powered by VMware, available this summer, will offer the flexibility of subscription options and the ease of a single support number to call. Customers will also be able to take advantage of new SD-WAN consulting services.The Power of Open NetworkingAt the edge, core or cloud, this is what Open Networking is all about – giving customers the freedom to choose the right solution for their use cases, the ability to break costly vendor lock-in and the power to keep up with the demand for data in order to drive your business into the future. And we go beyond the hardware and software to help you transform by offering industry-leading global services and support, a world-class sustainable supply chain and a commitment to driving human progress in everything we do. That’s the power of Dell Technologies.If you’re at Dell Technologies World, be sure to stop by the Dell EMC Networking booth to learn more about how Open Networking can transform your operations. And if not, be sure to check out  www.DellEMC.com/Networking.last_img read more

Read More »

Office of the Registrar to change class times

first_imgThe Office of the Registrar recently introduced a series of scheduling revisions it will implement next academic year. Senior associate provost Christine Maziar said the changes aim to reduce the number of course conflicts.  “What we have done is opened up more scheduling slots, particularly on Monday and Wednesday mornings, that allow for classes previously held on Tuesdays and Thursdays to be held on Mondays and Wednesdays,” Maziar said. Under the new system, some classes will start at 8:20 a.m. on Mondays and Wednesdays and last an hour and 15 minutes, Maziar said.  Maziar said the current scheduling system is “inefficient and increasingly causing problems for students.” It does not permit the scheduling of courses outside standard offering times unless the Office of the Provost and the Office of the Dean approve that scheduling, she said. “When courses are scheduled outside of standard times, it creates a series of conflicts for students,” Maziar said. “Students encountered difficulties in scheduling standard courses they needed or desired because non-standard courses created conflicts in their schedules, blocking them from taking the necessary standard courses.”  The revised system will minimize these conflicts, Maziar said. “I would imagine that the ability to offer Monday-Wednesday classes on the same course offering pattern as Tuesday-Thursday classes will open up more opportunities for students to put together their schedules,” she said. “The scheduling change means that all classes will fit into standard slots, either a Monday-Wednesday-Friday pattern, a Monday-Wednesday pattern or a Tuesday-Thursday pattern, although there are important exceptions like language courses that meet five days a week or laboratory courses that require a three-hour class period.” Maziar said she expects College of Arts and Letters students, in particular, to benefit from these changes because the Tuesday-Thursday course pattern is so popular within the College.  Maziar said professors brought The current schedulingtconflict to her attention last fall when they were Unable to schedule certain classes because teaching space was largely unavailablr. Upon further investigation, she said she noticedsclassrooms were being used unproductively and proposed adjusting class times in order to increase classroom availability.  Students likely will welcome the scheduling revisions, Maziar said. She said it was important the adjustment occur at the beginning and not in the middle of an academic year so as to ensure a smooth transition to the new system “We worked diligently so that the scheduling framework would be in place before students registered for classes at the end of this spring semester,” Maziar said.last_img read more

Read More »

Outgoing SGA president, vice president reflect on term

first_imgSaint Mary’s Student Government Association (SGA) president Terra Nelson and vice president Olivia Allen look back on their time as leaders with a bittersweet feeling. The seniors said they hopes to create a stronger community during their work with SGA, and though their tenure was cut short, the pair feel they were successful in their endeavor.Once Saint Mary’s moved to complete the semester online, SGA had to figure out different ways to tackle their tasks and goals which they were still hoping to complete.Nelson and others in SGA continued their hard work for the student body. Nelson said she and Allen continued to meet virtually multiple times a week.Ways to help students remained a top priority for Nelson and Allen, meaning that events were to proceed virtually. Allen expressed she was still disappointed to see events in the spring semester disappear.“I am especially sad to see Love Your Body Week and our Earth Day events not happen on campus, but hopefully that will make them even better next year,” Allen said in an email.While Nelson and Allen had to shift their focus to preparing the next student body leaders, they said they were still very proud of what they were able to accomplish with the time they had. Nelson said she felt successful in having students feel similarly to how she did regarding Saint Mary’s, as it is such an important place for her.With rising SGA leaders, Nelson hopes that her advice and work with underclassmen in SGA will allow them to accomplish their plans for their time as leaders.“My advice for the upcoming leaders would be to have one mission or overarching goal for the year and really press into that and use that as your motivation throughout the year,” Nelson said in an email.Allen also hopes the next SGA leaders will focus on pushing their ideas and goals forward because you never know when you will not be able to move forward with plans.“You never know when something drastic is going to occur,” Allen said. “So fight as hard as possible for what you believe is in the best interest of the community.”Nelson said that she was able to gain many different skills during her tenure as SGA president.“SGA has given me tons of confidence and taught me how to communicate, set boundaries, advocate for myself and others and most importantly, be a part of a team,” Nelson said.Allen said she struggled to find the words to describe the benefits being SGA vice president has provided.“The lessons I have learned and the people I met have helped mold me into who I am today. I have never been more proud to be a Belle and now alum,” Allen said.While it was a difficult finish to the semester without being physically present on campus, Nelson and Allen said they were able to reflect on how crucial Saint Mary’s was for them as they recounted the opportunities and experiences gained from their time there.“The hardest part of finishing the semester online was being away from the community at SMC,” Nelson said. “It made me realize how special it truly is.”Tags: 2020 commencement, olivia allen, Saint Mary’s SGA, SMC SGA, Terra Nelsonlast_img read more

Read More »

Holiday House Plants

first_imgThere’s no better holiday décor than classic holiday house plants like poinsettia, cyclamen and Christmas cacti. Not only do they bring a touch of tropical cheer during dreary Georgia winters, they can last for years with a little extra care. The first step in prolonging the life of holiday plants is to remove their festive foil wrapping. None of these plants like to have their roots standing in water, and the foil keeps excess water from draining away. Poinsettias can last for years as foliage plants. Their colorful display isn’t actually from flowers. The beautiful red, pink and ivory “petals” are really leaves that have experienced a strict schedule of light and dark periods under greenhouse conditions.With proper care, they can maintain their color for months. These plants need at least six hours of bright, indirect light every day; frequent watering; and a stable temperature between 65 and 70 degrees. When the colored leaves fade, cut the plant back to around 10 inches and move it to a larger pot. Poinsettias can live outdoors in a sheltered place until temperatures become frosty. Cyclamen is like a phoenix. It dies occasionally so it will live again in beauty. Its wing-like flowers – which can be white, pink, rose or crimson – hover above heart-shaped leaves on long stems. Cyclamens are water sensitive; they like to be moist, but letting them get dry or too wet injures them. They prefer cool temperatures (50-60 degrees Fahrenheit) and indirect sun, so place them in a north or east facing window that receives filtered light.When the flowers fade, slowly decrease watering until the leaves die, then don’t water at all for six weeks. This lets the tuberous root rest for the next round of blooms. Leaves will reappear when you resume watering. Holiday cacti – which bloom around Thanksgiving, Christmas and Easter depending on the variety – bloom for around six weeks if they have plenty of bright sunlight and moderate moisture. Sunny, south-facing windows are the best place for these plants. When blooms fade, pluck them off and give the plant a dose of houseplant fertilizer. In warm weather, holiday cacti can live outdoors in semi-shaded spots. New uses for other holiday leftoversCut greenery like Christmas trees and wreaths can enjoy new life, too. Christmas trees make natural, easy wildlife habitats. Tossed into a woody, secluded area, post-season Christmas trees give homes to a variety of critters, including forest insects, fungi, birds and small mammals. Weighted and sunken, Christmas trees provide fish in ponds and lakes with a place to shelter and spawn. Just be sure to get a permit from the Army Corps of Engineers before sinking a tree into navigable waters, like Lake Lanier. If you don’t care to create a wildlife habitat, Christmas trees and wreath greenery can still contribute to the environment through recycling. Remove all lights and ornaments, first. Wood chips from ground-up greenery are useful for mulching nature trails and walkways. Your local solid waste or waste management department may offer community tree recycling, so it never hurts to call and ask.Cardboard shipping boxes that were once filled with presents have garden uses, too. When winter winds howl and temperatures drop below freezing, use the boxes to cover outdoor ornamental plants to protect and insulate them. If it’s really cold, boxes can support blankets or mulch for extra warmth. To prepare for new planting beds, place flattened boxes directly on the ground, weighed down with rocks, mulch, or raised bed structures, to kill grass and weeds prior to digging. Heavy cardboard is also a money-saver for mulched areas. Starting with a layer or two of cardboard means you reach weed-squelching depth (3-5 inches) with less purchased mulch.last_img read more

Read More »

Vermont auto loan delinquency rate drops second fastest in US

first_imgTransUnion.com released today the results of its analysis of trends in the auto lending industry for the first quarter of 2009. The report is part of an ongoing series of quarterly consumer lending sector analyses focusing on credit card, auto loan and mortgage data that may be found on TransUnion’s Web site. Information for this analysis is culled quarterly from approximately 27 million anonymous, individual credit files, providing a real-life perspective on how U.S. consumers are managing their credit health. The largest improvements in delinquency from the previous quarter were found in South Dakota (45.16 percent decrease from 0.62 percent) and Vermont (33.3 percent decrease from 0.99 percent).StatisticsThe national 60-day auto delinquency rate (the ratio of auto loan borrowers 60 or more days past due) dropped slightly between the fourth quarter of last year and the first quarter of 2009 (0.86 percent to 0.83 percent). However, year-over-year the delinquency rate at the national level increased 27.69 percent in the first quarter.Auto loan delinquency was highest in Mississippi at 1.49 percent, followed by Louisiana at 1.40 percent. The lowest auto loan delinquency rates were found in South Dakota (0.34 percent), North Dakota (0.35 percent) and Wyoming (0.44 percent).Average auto debt nationally continued to decrease slightly in the first quarter of 2009 from $12,713 to $12,596. Likewise, year-over-year auto debt fell by 1.85 percent. The state with the largest auto debt burden was Nevada at $15,080, followed by Texas at $14,748. The lowest average auto debt was in Nebraska at $10,629. The steepest annual increases in average auto debt as a percentage occurred in Michigan(+1.49 percent), New Jersey (+1.38 percent) and Rhode Island (+0.48 percent), while South Dakota experienced the sharpest drop in annual average auto debt (-4.61 percent) followed by Utah (-3.38 percent).AnalysisThe drop in the first quarter 60-day auto delinquency rate reflects more seasonal patterns rather than a reversal of the trends associated with the current lending environment. As in recent quarters, both the availability of funding (liquidity crisis) in the market for auto loans and tighter lending standards have significantly decreased the number of auto loans in the market, putting continued upward pressure on delinquency rates.On a state-level basis, 27 states experienced a drop in their quarter-to-quarter delinquency rates while only one (South Dakota) showed a drop on a year-over-year basis. It is interesting to note the deteriorating risk environment has now affected even Alaska, which at the end of last year showed an extremely low auto delinquency rate of 0.19 percent. In the first quarter of 2008 Alaska’s delinquency rate increased by 247 percent quarter-to-quarter and 78 percent on a year-over-year basis–the largest increase for 2009.”At the end of the 2001 recession, the national auto delinquency rate increased to a high of just over 1 percent, and then began to edge downward for the next four or five years,” said Peter Turek, TransUnion’s automotive vice president. “As the recession came to a close in November of 2001, three of the five riskiest cities in the country were found in Texas: El Paso (5.00 percent), McAllen (2.46 percent) and Laredo (2.09 percent). In our current recession, Laredo is still leading in terms of auto delinquency (3.08 percent), but now is followed closely by metropolitan areas within the state of California such as Visalia (2.33 percent) — reflecting the impact of the housing market on that state’s economy. Today, the least risky metropolitan area is Corvallis, Ore., which shoulders an almost zero auto delinquency rate — a position consistent with what it held during the previous recession.”Forecast”TransUnion’s national 60-day auto delinquency rate forecast for the first quarter of 2009 was short by about 2 percent, as a slightly more favorable vision of the economic environment prompted some downward revisions to our forecast through the end of the year. Our current forecasting models indicate that the national 60-day auto delinquency rate will rise to about 1 percent by year-end, about the same level as that experienced at the end of our last recession,” continued Turek. “However, the overall economy, weak labor market and lower disposable income levels will continue to negatively impact the consumer well into 2010.”At the state level, Mississippi is still anticipated to experience the highest delinquency rate by fourth quarter 2009 (1.94 percent), while South Dakota should prove to have the lowest level of auto delinquency (0.44 percent).Overview of U.S. Consumer Credit Status – First Quarter 2008Mortgage loan delinquency (the ratio of borrowers 60 or more days past due) increased for the ninth straight quarter, hitting a national average high of 5.22 percent for the first quarter of 2009. Traditionally seen as a precursor to foreclosures, this statistic is up almost 14 percent from the previous quarter’s 4.58 percent average. This compares to an increase of 16 percent from the third to fourth quarter of 2008. Year-over-year, mortgage loan delinquency is up approximately 62 percent (from 3.23 percent).The average national mortgage debt per borrower rose again (1.41 percent) to $195,500 from the previous quarter’s $192,789. On a year-over-year basis, the first quarter 2009 average represents a 1.87 percent increase compared to the first quarter 2008 average of $191,917.Average bankcard borrower debt (defined as the aggregate balance on all bank-issued credit cards for an individual bankcard borrower) inched upward nationally 0.82 percent to $5,776 from the previous quarter’s $5,729, and 4.09 percent compared to the first quarter of 2008 ($5,548).Nationally, the bankcard delinquency rate (the ratio of bankcard borrowers 90 days or more delinquent on one or more of their bankcards) increased to 1.32 percent in the first quarter of 2009, up 9.1 percent over the previous quarter. Year over year, bankcard delinquencies increased 11 percent from 1.19 to 1.32 percent.Additional information and statistics on the mortgage sector can be found at: http://newsroom.transunion.com/index.php?s=43&item=526(link is external) Additional information and statistics on credit card sector can be found at: http://newsroom.transunion.com/index.php?s=43&item=527(link is external)TransUnion’s Trend Data databaseThe source of the underlying data used for this analysis is TransUnion’s Trend Data, a one-of-a-kind database consisting of 27 million anonymous consumer records randomly sampled every quarter from TransUnion’s national consumer credit database. Each record contains more than 200 credit variables that illustrate consumer credit usage and performance. Since 1992, TransUnion has been aggregating this information at the county, Metropolitan Statistical Area (MSA), state and national levels.About TransUnionAs a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion employs associates in more than 25 countries on five continents.www.transunion.com/business(link is external)CHICAGO, June 15 /PRNewswire/ TransUnion-Loanslast_img read more

Read More »

Binghamton University to be drive-thru COVID-19 testing spot for Broome County

first_imgVESTAL (WBNG) — Binghamton University will be the testing location for the coronavirus in Broome County. Testing will begin April 30. Testing will be available 8 a.m. to 6 p.m. seven days a week. State government has expanded testing to include all asymptomatic healthcare workers, first responders and essential employees. These people, including those on campus, will be able to get a test. People will not be able to come to the site and get a test without making an appointment. To make an appointment, call 888-364-3065 or click here. The drive-thru spot has been set up in front of the Events Center. Parking lots F, F1, F3 and a portion of lot H will be closed during this time.last_img read more

Read More »