A FLURRY of US retail results released yesterday failed to meet market projections, despite gains in same-store sales for several companies. After heavy snowfall hit the Eastern seaboard just after Christmas, some companies blamed the blizzard for their shortfall, with retailers ranging from department store operator Macy’s and discounter Target to teen clothing store American Eagle Outfitters among those whose results fell far short of Wall Street’s forecasts.December sales at stores open at least a year for the 28 major retailers tracked by Thomson Reuters rose 3.1 per cent, below forecasts of a 3.4 per cent increase.Though Macy’s same-store sales rose 3.9 per cent, this was still below estimates of 4.5 per cent. Macy’s chief executive Terry Lundgren said that bad weather was to blame for the deficit. “We did a lot better before the snow hit, no question about it,” he said. Shopper numbers were well down, with research firm ShopperTrak saying that 26 December, which was the third-biggest shopping day of 2009, would struggle to make the top 10 this year. whatsapp KCS-content Snow to blame as top US retail results miss targets Tags: NULL Share whatsapp Show Comments ▼ More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Thursday 6 January 2011 7:35 pm
Kenya Commercial Bank (KCB.rw) listed on the Rwanda Stock Exchange under the Banking sector has released it’s 2014 presentation For more information about Kenya Commercial Bank (KCB.rw) reports, abridged reports, interim earnings results and earnings presentations, visit the Kenya Commercial Bank (KCB.rw) company page on AfricanFinancials.Document: Kenya Commercial Bank (KCB.rw) 2014 presentation Company ProfileKenya Commercial Bank (KCB) Rwanda Limited is a commercial bank offering financial solutions to private individuals and the corporate banking segment in Rwanda. KCB Bank Rwanda is a wholly-owned subsidiary of the KCB Group which is East Africa’s largest commercial bank by asset base. The Bank was established in 2008 after it was licensed by Rwanda’s banking regulator, the National Bank of Rwanda. It has 14 branches located in the main towns and cities of Rwanda as well as an extensive network of KCB Iwacu agents. Kenya Commercial Bank is listed on the Rwanda Stock Exchange
Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended British Land Co. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Royston Wild | Wednesday, 29th April, 2020 | More on: BLND Image source: Getty Images. Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. The FTSE 100’s back above 6,000 points! I think you should avoid this cheap stock though The FTSE 100 is having a right old riot in Wednesday business. It’s mounted the 6,000-point marker for the first time since the middle of March. And it continues to gain ground this afternoon. A 7% rise so far in April suggests that one of the index’s best monthly performances in a very, very long time is imminent.I don’t think Footsie investors should get too giddy, though. Buying has picked up on expectations that quarantine measures across the globe will keep being lifted. But, any signs of a pick-up in infection rates could prompt a fresh clampdown from authorities. A rise in the number of diagnosed cases in Germany following relaxed lockdown conditions there is a serious warning.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…I wouldn’t suggest that share pickers keep their wallets firmly fastened, however. There are plenty of FTSE 100 bargains out there which, from a long-term perspective are mighty attractive at current prices. Still, the threat of a painful and prolonged economic slowdown following the Covid-19 outbreak means that investors need to be extra careful.A FTSE 100 trap?One blue chip that I for one am very happy to walk past today is British Land Company (LSE: BLND). It’s a Footsie firm for whom annual profits drops have become a familiar thing. And City analysts don’t expect the retail property owner to break out of this tailspin. The City predicts bottom-line drops of 7% and 10% for the fiscal years to March 2020 and 2021 respectively.These forecasts fail to underline the extent of the meltdown that physical retailers are facing, however. And consequently the colossal threat to British Land. According to the Confederation of British Industry (or CBI) a stunning 96% of retailers are experiencing cash flow problems following the coronavirus outbreak. And 31% of these companies are having difficulties accessing outside finance.It’s hoped that the easing of lockdown measures will help large parts of the UK retail sector. Just when any such relaxation will come remains clear as mud, however. Besides, the imminent economic downturn – one which many commentators believe will be worse than the Great Depression almost a century ago – threatens to keep a sea of retailers in peril.One to avoidExpect, then, that British Land will continue struggling to collect rent from its tenants. Last month the FTSE 100 firm said it was releasing its smaller retail, food & beverage, and leisure tenants from paying rent between March and June. This would cost it £3m, it said. As well, the Footsie company is allowing its other clients to defer March quarter-day rents and spread repayment of this over the six quarters from September. It should be prepared for more waves of emergency action as the year rolls on and possibly into 2021, too.British Land’s share price has rocketed more than 100p from the record closing lows of 313.8p per share punched at the top of April. I fear that this recent bounce is built on fragile foundations, however. Full-year financials are slated for 27 May, and I reckon that this could prove the catalyst for another share price crash. I’d avoid it at all costs despite its undemanding forward earnings multiple of around 14 times. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Royston Wild
Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images. Our 6 ‘Best Buys Now’ Shares I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997” Roland Head has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. The Cineworld Group (LSE: CINE) share price is down by 30%, as I write, after the company said it would close all 663 of its UK and US cinemas.Delays to movie release dates mean Cineworld is struggling to attract customers to cinemas. However, I still bellieve cinemas have a long-term future, despite the problems caused by Covid-19. With Cineworld shares now trading at all-time lows, should I be buying?5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…007: No time for a new releaseLast week’s decision to delay the release of the latest James Bond film, No Time to Die, appears to have been the final straw for Cineworld boss Mooky Greidinger. In April, this important release was postponed until November. 007’s latest outing has now been delayed until April 2021.Film studios are reluctant to release major films when important US markets — notably New York — are still closed due to lockdown restrictions.Without a pipeline of new films, Cineworld says it can’t attract enough customers to cinemas “against the backdrop of Covid-19.” So it’s temporarily closing US and UK operations, putting 45,000 jobs at risk. The company hasn’t set a date for reopening these venues.Delays to major new film releases are obviously a problem. But I think Cineworld’s closure is being driven by financial pressures relating to its history of acquisitions. These risks already existed before the pandemic took hold.House of cards: about to tumble?As I reported in May, Cineworld’s net debt pile had reached $3.5bn by the end of 2019 — before Covid-19 became an issue. This gave the stock a leverage multiple of around 3.4x EBITDA earnings — well above my preferred maximum of 2.0x-2.5x.At the time, my view was that “there’s a good chance this debt mountain will be unmanageable without some kind of refinancing.” Cineworld’s share price has fallen by another 50% since I made that comment. Meanwhile, the impact of the pandemic has caused the group’s net debt (excluding leases) to rise further, to around $4.2bn.The company’s latest update confirms the group is “assessing several sources of additional liquidity.” Worryingly, management said that “all liquidity raising options are being considered.” In my view, there’s only one likely outcome for shareholders.I think Cineworld’s share price will keep fallingI believe that Cineworld’s decision to close its UK and US cinemas reflects its financial difficulties more than its operational problems. Cineworld’s market-cap has now fallen to around £390m. By contrast, it has £3.2bn of bank debt and another £3.3bn of lease liabilities. With the majority of its cinemas closed, revenue will slow to a trickle.I think Cineworld’s debt will need refinancing to enable the group to operate sustainably. And, with the company’s equity now worth so little, its lenders and landlords will be in control of the situation.In my view, any financial solution that allows Cineworld to keep operating will require the company to issue new equity. Existing shareholders could face heavily dilution, or even a complete loss. I think the Cineworld share price could easily fall below 10p.I rate Cineworld as a stock to avoid. If I owned the shares, I’d sell them today. Simply click below to discover how you can take advantage of this. Roland Head | Monday, 5th October, 2020 | More on: CINE Cineworld share price crashes 30% as cinemas close: should I buy? See all posts by Roland Head
January 16, 2012 at 3:20 pm Perhaps Rev. Gentry is overlooking the reality that, in the Episcopal tradition, the property in question is not so much the home of the current congregation, as he puts it, but the seat of a multi-generational parish. We are not congregationalist in nature! Those who have contributed toward the building and upkeep of these parish properties throughout many generations since the American Revolution, did so in the interests of the long-term integrity of the parish and the Episcopal Church. And by the way, as Episcopalians AND good Americans, I suspect that those generations of the past would have been appalled at the thought of their parish being referred to as “Anglican”, and with the prospect of official subservience to a foreign ecclesiastical authority (Nigerian, in this case). Finally, deep seated hurt and anger would seem to me to be the expected fruits for those who enter disputes supposing themselves righteously and absolutely correct and who further function without compromise. My children often expressed deep seated hurt and anger when their immediate need-of-the-moment was thwarted! Doug Desper says: Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Editor’s note: Updated Jan. 12, 2012 at 5:00 p.m. EST with additional reaction and to remove reference to old press release. [Episcopal News Service] A Fairfax County, Virginia, court has told seven breakaway congregations that they must return control of church property to the Diocese of Virginia and the Episcopal Church.The majority of members and clergy of those parishes left to form congregations of the Convocation of Anglicans in North America (CANA), which the Anglican Province of Nigeria began in 2005. The departing members of those congregations then filed claims to parish property under Virginia law.Judge Randy I. Bellows said in a letter opinion issued late on Jan. 10 that the diocese and the Episcopal Church “have a contractual and proprietary interest in the property of these Episcopal churches” and added that while congregations “had an absolute right to depart from [the Episcopal Church] and the diocese, they had no right to take these seven Episcopal churches with them.”Bellows’ decision stemmed from a June 2010 decision of the Virginia Supreme Court that said he erred in an earlier ruling when he said that the breakaway congregations involved in the cases were entitled to retain all the parishes’ real and personal property when they left the Episcopal Church and joined another denomination.In coming to his opinion, Bellows reviewed Virginia statutes governing church property, the deeds to the real property of the churches, the governing rules of the diocese and the Episcopal Church, and the historic relationship between the parishes and the larger church.He concluded state statutes support a finding that a local congregation is obligated to comply with the “laws, rules and ecclesiastical polity” of the denomination with regard to property and that the constitution and canons of both the diocese and the Episcopal Church “demonstrate pervasive dominion, management, and control over local church property, in a manner normally associated with ownership, title, and possession.” Bellows said the deeds in question make clear that the property “cannot be removed from the denomination without the larger church’s consent.”And, Bellows listed 20 ways in which each of the parishes throughout their history, until the time many of their congregants broke away, acknowledged the authority of the diocese and the larger church. He also cited numerous ways specific to each of the parishes in which their so-called “course of dealings” showed them to be subordinate parts of the Episcopal Church.Bellows said that all personal property acquired by the congregations before Jan. 31, 2007, or Feb. 1, 2007, (depending on the congregation) must be returned and all liquid personal property (e.g., contributions and donations of money) acquired after those dates will remain with the breakaway congregations. Any tangible personal property the congregations acquired after those dates must be given to the diocese and the Episcopal Church unless the congregations can prove that they were donated to them after those dates or purchased solely with money received after those dates.The text of the 113-page ruling is here.“Our goal throughout this litigation has been to return faithful Episcopalians to their church homes and Episcopal properties to the mission of the church,” Virginia Bishop Shannon S. Johnston said in a statement after the ruling. “While we are grateful for the decision in our favor, we remain mindful of the toll this litigation has taken on all parties involved, and we continue to pray for all affected by the litigation.”Henry D.W. Burt, secretary of the diocese and chief of staff, said in the same statement that “we hope that this ruling will lead to our congregations returning to worship in their church homes in the near future, while finding a way to support the CANA congregations as they plan their transition.”The Rev. Canon Charles Robertson, canon to the presiding bishop and primate, said Jan. 11 that “I give thanks with the people of the Diocese of Virginia for the recent court decision, and even more for their passionate commitment to the mission of the church. And I join Bishop Johnston in calling us to pray for all those who have experienced the struggles of this litigation.”Meanwhile, Jim Oakes, chairman of the Anglican District of Virginia, which is the umbrella organization for the Anglican congregations, said in a Jan. 10 press release issued by the breakaway Falls Church that “we are profoundly disappointed by today’s decision.”He offered “our gratitude to Judge Bellows for his review of this case. As we prayerfully consider our legal options, we above all remain steadfast in our effort to defend the historic Christian faith. Regardless of today’s ruling, we are confident that God is in control, and that He will continue to guide our path.”The Rev. John Yates, rector of the breakaway Falls Church, said in the same press release that “the core issue for us is not physical property, but theological and moral truth and the intellectual integrity of faith in the modern world.”“Wherever we worship, we remain Anglicans because we cannot compromise our historic faith. Like our spiritual forebears in the Reformation, ‘Here we stand. So help us God. We can do no other.’”CANA Missionary Bishop Martyn Minns called the ruling “a great disappointment to me.”“We all know that Christ’s church is built in the hearts of men, women, and children – not in stones, bricks and mortar no matter how historical, beautiful, or valuable,” he said Jan. 11. “But there are so many personal connections to the buildings that will likely be disrupted by the potential loss of these properties: baptisms performed, marriages celebrated, and funerals remembered.”In June 2010, the Supreme Court held that although disagreements had caused “a division” within the Episcopal Church and the Diocese of Virginia, the breakaway congregations had affiliated with a church that was not a branch of either the Episcopal Church or the diocese. Such an affiliation is required, the court said, for Virginia’s one-of-a-kind “Division Statute” (Section 57-9(A)) to apply, as the breakaway congregations claimed.The Supreme Court returned the cases to the lower court for further proceedings to resolve the property claims of the Episcopal Church and the diocese “under principles of real property and contract law.” Bellows held a trial that lasted 22 days stretched over April, May and June 2011, and included testimony by 60 witnesses. He wrote that he also reviewed thousands of pages of post-trial briefs.In the Jan. 10 ruling, Bellows gave the diocese and the Episcopal Church 45 days to submit a proposed order to enforce his ruling on returning the property. The CANA congregations are to be given “a reasonable opportunity to note their exceptions,” he said, and he gave all the parties 30 days from Jan. 10 to request a hearing on the terms of the proposed order.More information about the cases, including all court filings, is available here.– The Rev. Mary Frances Schjonberg is an editor/reporter for the Episcopal News Service. Submit a Press Release christina mccan says: Associate Rector Columbus, GA Press Release Service Matthew Schettler says: Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 January 12, 2012 at 8:23 am I am not an Episcopalian but as a fellow Christian I would strongly advise the Diocese and the Episcopal Church to consider the long term impact of this very sad legal struggle. I am told by my Presbyterian friends that they have found it to be a benefit ultimately for all parties to simply allow departing congregations, if there is a two thirds majority of parishioners who so request retention of the physical property , to retain that property. Otherwise I am told the deep seated hurt and anger felt by the local congregation just festers and grows not to mention that it gives the appearance that the monetary value of the property is more important than the reasons for the separation! Let’s face it the Christian “Church” already has a reputation of placing money over person! Matthew Schettler says: Cathedral Dean Boise, ID Assistant/Associate Rector Washington, DC Property Director of Administration & Finance Atlanta, GA Rev. Andrew Gerales Gentry says: Michael N Isham says: January 13, 2012 at 12:40 am You’re right, Christina. God loves all of us; all of His creation. Why else would He send His Son to bleed and die a horrific death on the cross? But by saying that it is foolish to “rely on a statement in the bible made by a Jewish people 3,000 years ago,” you are denying God’s love for us; denying the Death and Resurrection of Jesus Christ. If it is foolish to rely on the word of God spoken in the Old Testament, then why should it be any less foolish to rely on the word of God, the saving message of Jesus Christ, spoken of in the New Testament. 2 Timothy 3:16 states:“All Scripture is breathed out by God and profitable for teaching, for reproof, for correction, and for training in righteousness.”If all Scripture (both Old and New Testaments) is God-breathed (inspired), than how can any of it be false?In his New Testament epistles, Paul decries homosexuality in both Romans 1:26-27 and I Corinthians 6:9-11, among other places. Both forbid against homosexual activities. In his Epistle to the Corinthians, Paul writes:“Or do you not know that the unrighteous will not inherit the kingdom of God? Do not be deceived: neither the sexually immoral, nor idolaters, nor adulterers, nor men who practice homosexuality, nor thieves, nor the greedy, nor drunkards, nor revilers, nor swindlers will inherit the kingdom of God. And such were some of you. But you were washed, you were sanctified, you were justified in the name of the Lord Jesus Christ and by the Spirit of our God”That list of sins pretty much rules all of out of salvation but, as you said, God has love for all his creation. He doesn’t give us license to “sin and sin boldly” (Rom. 7:19), but he calls us to repentance, and to receive forgiveness in the administration of the Sacraments. January 12, 2012 at 5:55 pm The break away congregants have ignored the belief that God created us and loves us. There are no qualifiers in that concept. God would not create an abomination, thus homophobic people are denying God’s creation and God’s love for all creation. It is foolish to rely on a statement in the bible made by a Jewish people 3,000 years ago. I think we in the present age understand God,’s love, especially through the Christian Bible, which includes a new covenant. Jesus did change things and the strict laws of Leviticus was one of those things. January 20, 2012 at 3:26 pm First of all, I use the English Standard Version of the Bible. But, since you brought it up, the Greek word in question is “arsenokoitēs” which has been translated anywhere from “male prostitution” to “men who practice homosexuality.” There are exciting arguments on both sides of the translation, and I encourage you to check them out.As for the parable of the mustard seed, John A. Sproule of Grace Theological Seminary wrote an excellent essay entitled “The Problem of the Mustard Seed” which deals directly with that piece of text. A quick Google search will take you to the article in question. I see no reason why not to take that passage, along with the entirety of Scripture, literally. Michael N Isham says: Submit an Event Listing New Berrigan Book With Episcopal Roots Cascade Books January 29, 2012 at 9:28 am Peace and harmony prevailing is what I desire to live as a Christian living in an Episcopal Church.The peace of Christ and harmony in following the Holy Scriptures celebrating as we are instructed.We come to Eucharist in reconcilliation. Doug Desper says: January 21, 2012 at 2:03 pm As a child and as a young man, I was taught that the “nigra” was an inferior being to we pasty whites, and that the attempt within the church to restore as sense of equality in the matter was the work of liberals (and probably communists) within the church leadership who were bent on destroying we conservative parishioners who knew better. Like I suspect that you have done above, Mr. Desper, they spoke from their guts with deep emotion and mistook their human cultural mores for God-inspired truth. While I report that I now find this mindset ludicrous, I’m saddened to report that, at the time, I believed them.As a student of church history, I have found that matters of questionable bishops, definitions of marriage, trinitarian dogma, and theological certainties have ALWAYS been with us. While I acknowledge that you believe that the ecclesiastical sky is falling in, what has changed? We have survived thus far have we not?Now I must ask, having once been fooled by the likes of your well-meaning invective, why should I believe you? If 99.9% of your group jump into the sea of schism, I trust you will feel yourself in good company. But why should I follow? Just as with the issues of slavery and racial equality of the past, I believe that one hundred years hence will find you and your ilk sadly wrong. January 31, 2012 at 9:57 am I am glad that Judge Bellows has ruled for the Diocese of Virginia and the historic Fairfax parishes. It would appear that physical structures are of greater than passing importance to the fair adjudication of this case. Just as our bodies have a sacramental character, so too our bricks and mortar. It is a gnostic mistake to dismiss church property as an inferior, anti-missionary encumbrance. We can credit the breakaways with faithfulness of conscience, and we can pray for the healing of the Episcopal Church. JoeHerring, Diocese of Atlanta, Alpharetta, GA Virginia court tells breakaway congregations to return property Matthew Schettler says: Rector Smithfield, NC Canon for Family Ministry Jackson, MS Family Ministry Coordinator Baton Rouge, LA January 16, 2012 at 9:44 pm Break-awayers have every right to break away.. they just should not take the building and church appointments, records with them.. If they no longer wish to be Episcopalian that is fine but you cannot have it both ways.. January 20, 2012 at 5:23 pm You take the ‘entirety of Scripture literally’? Really. How about the parables? Was there an actual ‘sower who went forth to sow’, and if there wasn’t, does that mean the parable contains no truth? How about Revelation? Does Jesus have an actual sword in his mouth and snow white hair? How about the Psalms? Does God have breasts and wings?You believe that the Bible is free of metaphor, symbolism, poetry? You are equating ‘truth’ with ‘literal reading/interpretation.’ What an impoverished, limiting, and unsatisfactory view. Comments (25) Matthew Schettler says: Richard Angelo says: January 11, 2012 at 10:09 pm I am in alignment with the “break aways” in that they are truly the ones who have stayed true to Christian doctrine. However, I have never supported the leadership of CANA fighting for these properties. While the shepherds fought for the lands, the sheep scattered and suffered and were attacked.I am a man who has suffered through divorce. I know that sometimes “the other” chooses to not follow the vows of the union. Such is the case with TEC. As in Amos 3:3, “Can two walk together unless they have agreed?” No. Yet, when faced with one who has chosen to walk a wayward path, what is one to do? Having seen the judgmental nature of many in “the church” towards those who are divorced I wondered if the great minds and learned spirits of CANA leadership would behave as Christ or as men. My observation is that they fell far short of the glory of God and acted mostly as men, relying on the law which never sets man free.When divorce happens and people focus on the “things”, the children suffer. When this schism happened and CANA focused on the “things”, the people suffered. When CANA quite appropriately and righteously stood up and said that the doctrine being followed by TEC was no longer Christian, they indeed should have walked out and took the congregations with them. Had they done that the new congregations (and the new buildings) would be flourishing and the ones left holding the buildings of the past, would have collapsed as predicted now under the weight of the costs of maintenance. Yet, like Lot’s wife, the TEC leaders looked back, longed for the buildings, longed for the past, longed for the slavery, just as the people of Israel did when they were in the desert. They became blind guides focused on the properties rather than the real church, which is the people. They have failed many. I pray they can now focus on what is of interest to God, people’s lives, their salvation, and their sanctification.The God we serve not only owns the cattle on a thousand hills, but the hills themselves. May the shepherds repent and get back to tending to their flocks.Christopher James Curate (Associate & Priest-in-Charge) Traverse City, MI Rev Joe D Herring says: Michael N Isham says: Doug Desper says: An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET January 20, 2012 at 3:53 pm This was never even an issue until TEC started to bleed congregations in the 1960s and 1970s due to the rise of liberalism and higher critical methods of interpretation ultimately culminating in the ordination of women in 1976. The “Dennis Canon,” passed in 1979, established the “inter-generational trust” that TEC holds to today. There is nothing historical about this canon; it is merely reactionary.You also suspect that the generations of the Saints passed would be “appalled at the thought of their parish being referred to as “Anglican”, and with the prospect of official subservience to a foreign ecclesiastical authority .” That may be so, but I’m sure that they would have been even more appalled by the teachings of TEC today. If they were exposed to TEC’s post-modern theology, they would have left the church in a heartbeat. Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem January 17, 2012 at 8:52 pm Mr. Angelo, what happens when those in charge of the Church leave behind the established teachings and practice of the faith (especially of those who gave the property and goods) and pursue their own spiritual fantasies and promote them as doctrine and practice? Who left whom? When you have a several dozen or even a few hundred people leaving across the Church you have a movement. When you have thousands staying away and thousands breaking away you have a crisis. The argument of the “break-awayers” is that a narrow agenda is being pursued by significant leadership to the peril and expense of the entire Church. Who left? I would firmly state that the ones who left and are leaving are those who want to redefine marriage, claim that Jesus is a spiritual master among many, that Jesus is our way to salvation, but not the Way (and thus ignore His words), and whatever further spiritual fantasies they promote as the faith once delivered. When they began pursuing and promoting their private ideas, they left. Unfortunately the seat of power is with them – for a season. Michael N Isham says: January 21, 2012 at 2:14 pm Mr. Desper: To which “established” practices and teachings of the faith are you referring? Anglican? Romand Catholic? Orthodox? Or perhaps Baptist (oh, not them; they don’t even have bishops)? Where can I find a concise and consistent statement of these practices and teachings?Where there is a small gathering of human beings, there will be disagreement and dissent on every matter under the sun. The measure of their godliness is not whether they all agree, but the extent to which they obey the two great commandments in their disagreement! Honestly, I don’t get a sense of either of the two in you writings, Mr. Desper. Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Assistant/Associate Priest Scottsdale, AZ Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York January 15, 2012 at 7:20 pm In 2008 the denominational Faith Communities Today survey received responses from 783 Episcopal parishes. Interesting trends can be realized if our church leaders will use this information. Notice I say “If”. One glaring trend regards this discussion and will have some bearing on the next General Convention. In the survey, only 1/3 (33%) of those surveyed considered themselves as considerably or somewhat liberal. However, one can argue that most of our denominational strife centers on narrow liberalizing agendas that attempt to revise the faith and practice of the Church, whether it be the re-definining of marriage, consent to questionable bishops, communion of the unbaptized, reduction of Trinitarian language in new trial liturgies, etc. ONLY 1/3 of those surveyed would likely identify positively with these issues. Yet, our strife continues as the patience and faith of congregations continues to be tried until drastic separations happen. Now one looks with weary eyes as the General Convention will likely drive more wedges into this Church. So, if nearly 2/3 of this Church (at least 783 congregations) considers themselves more in the middle or conservative in faith and practice, why are we being led by people who are clearly pulling us apart? “Woe to the shepherds who destroy and scatter the sheep of my pasture”, says the Lord. (Jeremiah 23:1-3). By Mary Frances SchjonbergPosted Jan 11, 2012 January 20, 2012 at 3:42 pm In the case of Matthew 7:3 (the log and speck), the text note in The Lutheran Study Bible (LC-MS version) provides a succinct exposition of the verse.“Jesus used a grotesque exaggeration to illustrate how absurd it was for His disciples to pick out the sins of others when they have not repented of their own.” Priest Associate or Director of Adult Ministries Greenville, SC Comments are closed. Featured Events Rector Shreveport, LA Tags Christopher James says: Assistant/Associate Rector Morristown, NJ January 21, 2012 at 1:03 pm It’s very interesting that Mr. Schettler commonly uses words such as “I’m sure that” compared to my “I suspect that.” Thanks be to the Lord that he didn’t seek a position as a prosecutor: we’d all be convicted and sentenced with his omniscient certainties! AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis don says: Director of Music Morristown, NJ Michael N Isham says: Rector Tampa, FL Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs February 4, 2012 at 9:59 pm Ruling FOR the diocese now places the burden on the diocese to explain a few things:1). How can the diocese lose these thousands of members without attempting to retain them more effectively under the always-vaunted “TEC big tent”? Isn’t it easy to dismiss and villainze the breakaways at this point after they were bragged about for years as vital, growing Episcopal churches? How quickly they were stripped of their accolades when they questioned the course of the Church.2). What would possibly convince thousands of members of a diocese to leave it after having become flagship church examples? Was it the persuasive voice of a few loud priests – or could it be that the revisionist theology and practice of TEC had turned them sour? If you believe that a few loud voices soured thousands of people to TEC you effectively are saying that the laity are “sheeple”; that is, mindless and easily swayed. (That, by the way, is an insult to the abilities of these people, not to mention too easy to dismiss them with).3) How will less than 100 people showing up on Sunday take the place of 2,000 showing up (in just 1 church) that kept up the property?Congratulations to the winners. They have a lot of cleaning up to do, not the least of which is the image that will not be easily repaired for decades as the public travels by these decaying properties. The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group January 16, 2012 at 4:00 pm Mr. Schettler is correct that we we aren’t “supposed” to sin, but human beings both he and I know that we do anyway, even with the gifts of faith and justification. So, Ms McCan, in the words of our Lord, shall we discuss the speck in your eye, or the log in Mr. Schettler’s? Curate Diocese of Nebraska Rector and Chaplain Eugene, OR January 16, 2012 at 2:02 pm You’re right, Christina. We are justified by faith, as Paul states in Romans 5:1.“Therefore, since we have been justified by faith, bwe1 have peace with God through our Lord Jesus Christ.”However, we aren’t given the license to sin. Paul also states in Romans 3:31“Do we then overthrow the law by this faith? By no means! On the contrary, we uphold the law.”We aren’t supposed to sin just because we are given grace anew each morning (Lam. 3:23). We are supposed to uphold the law, but not be burdened by it. Rector Hopkinsville, KY This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Rector (FT or PT) Indian River, MI Michael N Isham says: Missioner for Disaster Resilience Sacramento, CA Rector/Priest in Charge (PT) Lisbon, ME January 21, 2012 at 1:41 pm Again, Mr. Schettler speaks with great authority and assuredness. Though he appears to be poised to judge with quickly-engineered certainty, I and many others find ourselves all too painfully knowledgeable of our own sins and shortcomings, both those of the past and, we are assured, of the future to be functioning as a judge of others. Let Mr. Schettler’s God-generated conscience be his guide; however, as for me, I will restrain from this stiff-necked and authoritarian judgementalism! Priest-in-Charge Lebanon, OH TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Associate Priest for Pastoral Care New York, NY Rector Martinsville, VA In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Christina McCann says: Rector Belleville, IL January 21, 2012 at 8:58 pm Mr. Isham: Where can you find the concise teachings about who Jesus says that He is? Where can you find His definition of marriage? The Gospels. Where can you find these reiterated in a form to be taught? The Catechism. The Bible and the Prayer Book are our standards and any leader of the Episcopal Church that pursues their own spiritual journey of self-discovery in denial of the catholic faith and order delivered to this Church is a false shepherd that imperils the souls of those under their care. The Church is to transform the culture, not be the chaplains of its novelties and whims.Dr Geoffrey Fisher, Archbishop of Canterbury from 1945 to 1961, said that we Anglicans….“… have no doctrine of our own; we possess only the doctrine of the Catholic Church.”A great deal of our current distress as we hemorrhage members and resources is that too many people have not been taught the faith as received by this Church, but instead have embarked on a journey to find a faith and practice agreeable to their circumstances. Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 January 21, 2012 at 1:31 pm Again, Mr. Schettler speaks with presumed omniscience when he quotes St. Paul as decrying “homosexuality” when such a word is neither used in the ESV, nor was such a word in existence until, probably, the 19th century. While I had not been familiar with this translation of the scriptures, my recent review found it to be essentially in keeping with nearly all others. In the reading of the passages of Romans that Mr. Schelttler quotes. I am more in keeping with former President Carter’s view, who I suspect may be viewed as another heretic by Mr. Schettler, that the essential point of Paul’s words here were that the sexual interactions described were ones that were entirely of lust, with no loving regard for their sexual partners. While I will acknowledge that this predicament seems to be more common among those in the gay community, it is certainly not rare among straight people. And who among us, including Mr. Schettler AND myself, has not been guilty of this behavior, even with our committed, monogamous partners?Mr. Schettler responds to my question concerning his use of the Greek text with an adroitly executed game of intellectual dodge ball. His discourse on “arsenokoitēs” is factually correct, but one that appears to be excerpted from another’s writings. Forgive me should I be wrong, but it would appear that Mr. Schettler is presenting another’s conclusions as his own. Again, does he personally use the Greek text in his readings of the NT? If so, I honor his abilities in this regard.In spite of my disagreement with Mr. Schettler’s positions on these matters, I very much respect both him and his viewpoints. There are members of my extended family that hold similar opinions, and I love them dearly. However, I’d be more comfortable with Mr. Schettler’s views would that he make better use of words such as “I believe” vs what appears to be a heavy-handed sense of “I know.” Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Featured Jobs & Calls Charles Daily says: An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Rector Knoxville, TN Rector Bath, NC Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET January 16, 2012 at 3:52 pm I’m very puzzled which version of Christian scriptures Mr. Schettler used when quoting the word “homsexuality”? I have referenced five very common English language versions and seem not to have found that word! Perhaps Mr. Schettler is personally translating from his Greek language NT?And in response to Mr. Schettler’s concern about scriptural absolutes, in Mark 4, verse 31 our Lord is quoted as saying, “It is like the mustard which, when sown upon the ground, is the smallest of all the seeds on earth……” Having personally seen smaller seeds than the mustard seed, I could conclude that Jesus made an incorrect statement; however, regardless of the accuracy of the statement, I believe that His parable stands as one of great truth! As my mother once told me, “Come to me having perfected the first and second commandments of Christ, and then we’ll talk about the specifics of the rest!” Doug Desper says: Course Director Jerusalem, Israel January 14, 2012 at 9:29 pm “But you [sinners] were washed, you were sanctified, you were justified in the name of the Lord Jesus Christ and by the Spirit of our God” Youth Minister Lorton, VA Rector Collierville, TN Associate Rector for Family Ministries Anchorage, AK Michael N Isham says: Rector Pittsburgh, PA Rector Albany, NY Submit a Job Listing Michael N Isham says: Matthew Schettler says: Rector Washington, DC Bishop Diocesan Springfield, IL
Shapiro Didway Projects ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/875883/music-box-residence-scott-edwards-architects Clipboard Lead Architects: Garrison Hullinger Interior Design Landscape: Builder: Architects: Scott | Edwards Architecture Area Area of this architecture project “COPY” 2015 “COPY” Interiors: CopyHouses•Portland, United States Otis Construction ArchDaily United States Manufacturers: Cascadia, DeaMor, Delta Millworks Music Box Residence / Scott | Edwards ArchitectureSave this projectSaveMusic Box Residence / Scott | Edwards Architecture Rick Berry, Joe Broders, Kelly Edwards Photographs ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/875883/music-box-residence-scott-edwards-architects Clipboard Houses CopyAbout this officeScott | Edwards ArchitectureOfficeFollowProductsWoodSteel#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesPortlandUnited StatesPublished on July 17, 2017Cite: “Music Box Residence / Scott | Edwards Architecture” 17 Jul 2017. ArchDaily. Accessed 11 Jun 2021.
ArchDaily Area: 420 m² Year Completion year of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/794177/gc-house-juan-pablo-ribadeneira-mora Clipboard “COPY” Save this picture!© Lorena Darquea+ 25 Share “COPY” GC House / Juan Pablo Ribadeneira Mora Projects ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/794177/gc-house-juan-pablo-ribadeneira-mora Clipboard CopyHouses•Puembo, Ecuador Architects: Juan Pablo Ribadeneira Mora Area Area of this architecture project Houses Photographs: Lorena Darquea Manufacturers Brands with products used in this architecture project Year: 2016 Photographs Manufacturers: Hormipisos, Madeval, Angel Quinga, Armando Paucar, Artesano de San Antonio de Ibarra, Avanti, Edesa, Jaime PilaSave this picture!© Lorena DarqueaText description provided by the architects. GC house is located in the surrounding valleys of Quito, Ecuador. The site in which the house was designed is quite big, regular in size and with a slight inclination. Its perimeter is full of trees that we were able to preserve.Save this picture!© Lorena DarqueaQuito sits on a narrow valley between 2800 and 3000 meters above sea level making it have low temperatures despite being in Ecuador. Its surrounding valleys are much lower in altitude, around 2400 meters above sea level, which makes them have a warmer, much pleasant temperature. The house was purposely designed and oriented north-south, opening up towards the southern side, protecting it from the sun on its eastern and western sides because the sun is particularly strong as the site sits high in altitude and is located near the equator.Save this picture!© Lorena DarqueaThe north façade is very solid as the surrounding neighborhood does not have any fences. In contrast, the south façade is very open, incorporating the house with its lawn.Save this picture!© Lorena DarqueaSave this picture!PlanSave this picture!© Lorena DarqueaBecause of the great extent of the lot, most of the spaces are located on the ground level. Only two bedrooms and a studio are placed on the second floor. The house is divided in two main areas. A more intimate part, where bedrooms and the family room are located, and a less private area, where living, dinning, and kitchen are set. These two are connected by the main entrance which becomes a bridge between all the living spaces. Finally, a central courtyard becomes the central point of the house.Save this picture!© Lorena DarqueaThe materials used are mostly exposed in their natural state, such as polished concrete floors. The most important spaces of the house, such as the main living and dining areas, and the master bedroom, are built with exposed metal structures, eucalyptus wood in the ceiling, which is covered with a layer of concrete. There are three exposed adobe walls on the main spaces, walls that remind us of the traditional Andean architecture of Ecuador.Save this picture!© Lorena DarqueaProject gallerySee allShow lessAdjaye, OMA and ZHA Among 13 Shortlisted for 2017 “Design of the Year”Architecture NewsBehind India’s Ambitious Plan to Create the World’s Longest RiverArticles Share GC House / Juan Pablo Ribadeneira MoraSave this projectSaveGC House / Juan Pablo Ribadeneira Mora Ecuador CopyAbout this officeJuan Pablo Ribadeneira MoraOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesPuemboEcuadorPublished on August 16, 2017Cite: “GC House / Juan Pablo Ribadeneira Mora” 16 Aug 2017. ArchDaily. Accessed 11 Jun 2021.
253 total views, 2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Advertisement E-card venture lets people donate the cost of a printed card A new e-card venture is helping charities raise funds by letting people send out e-cards, and donate the cost of a printed card and stamp.DontSendMeACard.com has partnered with more than 20 charities so far, including British Deaf Association, The Honeypot Children’s Charity and the Royal Life Saving Society UK.The company claims to give 110% of the cost of a card to the chosen charity. Consumers are invited to choose a charity, compose an e-card, and then donate the amount that was budgeted for a greeting card for that occasion. The e-card recipient sees that the sender donated, and is invited to do the same.The website was founded by a collaborative of Exeter-based web designers and developers including Alex Furness of Future Imaging, and web solutions provider Web Engineer, and is supported by the Seedbed Accelerator programme at The Dartington Hall Trust.Furness said:“DontSendMeACard is able to typically give 110% of the original amount donated to the charity after processing fees and Gift Aid. Our ultimate objective is for our users to create a follow-on effect of e-cards and donations. By one person deciding that this is a good idea, it results in their network seeing that they donated and being invited to do the same.”According to the Greetings Card Association, £1.6 billion was spent on greetings cards last year, with the Christmas boxed card category worth £200 million, and sales of single Christmas cards valued at £174.6 million in 2014. Tagged with: Charity Christmas Cards christmas Digital 252 total views, 1 views today Melanie May | 1 December 2015 | News
May 13, 2021 Find out more Reporter murdered in northwestern Mexico’s Sonora state Help by sharing this information Organisation RSF_en Two armed men entered the Sierra Madre office of the daily El Norte in San Pedro in the northern state of Nuevo Leon yesterday and fired several shots before setting the premises on fire. Two people were injured slightly in the attack, the third on the newspaper in less than a month. “This was the third attack on El Norte newspaper offices in less than a month,” Reporters Without Borders said.“We are extremely concerned about the safety of the organization’s journalists and other employees and we urge the local and federal authorities to take steps to find those responsible and to take concrete action urgently to protect the newspaper.”About 15 people were on the premises when the two men, with several accomplices, arrived in four cars. They threatened the security guard before pouring gasoline inside the building and setting fire to it.___________11.07.2012 – Three grenade attacks on newspapers in one day, post-election tension continues Armed attacks on news media are relatively common in northern Mexico, but the region saw three grenade attacks on newspaper buildings in a single day yesterday and in one case shots were also fired at the building’s facade.The targeted publications were El Mañana, a daily based in Nuevo Laredo (in Tamaulipas state), which suffered a similar attack on 11 May; La Silla, the weekly supplement of El Norte, a daily based in Monterrey (in Nuevo León state); and Linda Vista, another El Norte supplement produced in Guadalupe, on the outskirts of Monterrey. El Norte has sustained three similar attacks in the past two years, on 20 September 2010, 10 January 2011 and 31 March 2011. The authorities have never identified those responsible.“The origin of yesterday’s attacks, in which fortunately no one was hurt, are a mystery, especially as one of the targets, El Norte, does not cover sensitive subjects or stories likely to expose its staff to direct danger,” Reporters Without Borders said. “El Mañana, whose editor, Roberto Mora, was murdered in 2004, had already reduced its crime coverage after being the target of similar attacks in the past.“The local and federal officials who investigate these attacks should explore all possibilities. We are obviously most concerned about the individual and collective protection of the journalists and other employees working for these newspapers. This should be the priority.”Reporters Without Borders points out that a total of 85 journalists have been killed and 15 others have gone missing in the past decade in Mexico.In the attack on El Mañana, shortly after 6 a.m., the grenade was apparently fired from a long distance, almost certainly with a grenade launcher. The explosion damaged part of the wall near the main entrance. In the attack at around 4 a.m. on La Silla in Monterrey, the grenade was thrown from the newspaper’s car park and damaged part of the building’s facade. In the assault on the Guadalupe-based Linda Vista, the grenade explosion at around 4 p.m. was accompanied by shorts fired from an AR-15-style assault rifle.Newsstand censorshipReporters Without Borders is also worried about the dangers to journalists and freedom of information as a result of tension in the wake of the 1 July federal election. Threats and acts of intimidation are continuing. Could this lead to censorship?We were stunned to learn that Soriana, a company that owns newsstand concessions, refused to display issue No. 1862 of the weekly news magazine Proceso, which had a photo of the successful presidential candidate, Enrique Peña Nieto of the Institutional Revolutionary Party (PRI), on its cover together with the words “Bought election.”The issue included a story about links between Peña and Soriana, which has been linked to alleged election rigging in favour of the PRI. Proceso’s preceding issue experienced the same distribution problems on Soriana’s newsstands. Its front cover showed the logo of the national TV company Televisa wearing the presidential sash because its election coverage was widely regarded as biased. News News Follow the news on Mexico 2011-2020: A study of journalist murders in Latin America confirms the importance of strengthening protection policies MexicoAmericas News Receive email alerts Reports May 5, 2021 Find out more MexicoAmericas NSO Group hasn’t kept its promises on human rights, RSF and other NGOs say July 30, 2012 – Updated on January 20, 2016 Third attack on newspaper’s premises in less than a month to go further April 28, 2021 Find out more
The Trump administration promised to cut domestic spending as recently underscored in preliminary budget documents obtained by The Washington Post. The plan would cut more than $6 billion in funding for the Department of Housing and Urban Development (HUD). This directive would shrink HUD’s budget by about 14 percent to $40.5 billion in fiscal 2018, which begins in October. It’s the latest evidence that the President is serious about cutting domestic spending by $54 billion in order to bolster the defense budget. Marc Morial, president of the National Urban League, said such cuts would be “devastating and hardhearted,” potentially leading to rent increases for those in subsidized housing.“These sorts of cuts could . . . increase the number of families and people that are homeless because housing is less affordable,” he said. “It’s a slap in the face of working Americans and urban communities, to suggest that you should make all these cuts to buy more tankers, aircraft carriers, and missile systems.”The plan would squeeze public housing support and end most federally funded community development grants, which provide services such as meal assistance and cleaning up abandoned properties in low-income neighborhoods.HUD Secretary Ben Carson has defended this action by saying that dependency on HUD programs could become “a way of life” for recipients. According to the Huffington Post, an email to the HUD staff on Thursday by Carson assured that the numbers were not final and that budget negotiations are in place. “Today you may have read preliminary HUD FY18 budget negotiations in national media reports. Please understand that budget negotiations currently underway are very similar to those that have occurred in previous years,” the email read. “This budget process is a lengthy, back and forth process that will continue. It’s unfortunate that preliminary numbers were published but, please take some comfort in knowing that starting numbers are rarely final numbers. Rest assured, we are working hard to support those programs that help so many Americans, focus on our core mission, and ensure that every tax dollar is spent wisely and effectively.”This proposed cut of HUD’s budget has brought many protests throughout the nation. On Twitter. Former HUD Deputy Assistant Secretary for Public Affairs Brandon Friedman, said, “With a capital needs backlog among 1.2 million public housing units, totaling tens of *billions* of dollars, they want to cut funding.” Rep. Maxine Waters, D-California, said, “Inflationary cost increases are needed just to keep roofs over heads of millions of seniors, disabled, and kids. These cuts will cause homelessness.” About $1.3 billion would be cut from the public housing capital fund, under the preliminary plan, when compared to funding in 2016, and an additional $600 million would be cut from the public housing operating fund.Budgets for public housing authorities, city and state agencies that provide subsidized housing and vouchers to local residents, would be among the hardest hit. Under the preliminary budget, those operational funds would be reduced by $600 million, or 13 percent. Funds for big-ticket repairs at public housing facilities would be cut by an additional $1.3 billion, about 32 percent. That could have a major quality-of-life effect on low-income families who rely on public housing. According to a 2010 HUD report, tens of billions of dollars in backlogged repairs already plague the country’s 1.2 million public housing units. Barbara Sard, Vice President for housing policy at the Center on Budget and Policy Priorities, said that even flat funding for HUD’s core programs ultimately could affect the number of subsidized housing vouchers available to families because of inflation. As a result, she said, hundreds of thousands of vouchers could be eliminated in the coming years if the department’s funding allocations for subsidized housing stay the same.HUD salaries and administrative expenses will also be cut by 5 percent, down from $1.36 billion in 2016 to $1.28 billion in 2018. It is not yet clear how that reduction in staff or wages would be achieved.In the process of developing the federal budget, agencies submit an initial funding request to OMB, which makes adjustments and returns the budget markup. The budget document obtained by The Washington Post details OMB’s budget priorities, program by program. Brown, the HUD spokesman, said the preliminary document is likely a HUD working draft as part of the budgeting process and might not have been reviewed by OMB, which is responsible for finalizing the president’s budget proposal before it is sent to Congress. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Budget Cuts Government HUD March 9, 2017 1,650 Views Subscribe The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Print This Post Share Save Previous: Home Sales Increase as Buyers Avoid Rising Rents Next: Shaping Tomorrow’s Mortgage Leaders Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago $6 Billion in Cuts for HUD Met with Opposition in Featured, Government, News Home / Featured / $6 Billion in Cuts for HUD Met with Opposition Budget Cuts Government HUD 2017-03-09 Sandra Lane About Author: Sandra Lane Is Rise in Forbearance Volume Cause for Concern? 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sandra Lane has extensive experience covering the default servicing industry. She contributed regularly to DS News’ predecessor, REO Magazine, from 2004 to 2006, covering local market trends, the effects of macroeconomic shifts on market conditions, and “big-picture” analyses of industry-driving indicators. But her understanding of the mortgage and real estate business extends even beyond those pre-crisis days. She is a former real estate broker and grew up in what she calls “a real estate family.” A journalism graduate of the University of North Texas, she has written articles for various newspapers and trade journals, as well as company communications for several major corporations. Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago