Novus Properties Ltd (NOV.mu) listed on the Stock Exchange of Mauritius under the Property sector has released it’s 2020 interim results for the half year.For more information about Novus Properties Ltd (NOV.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Novus Properties Ltd (NOV.mu) company page on AfricanFinancials.Document: Novus Properties Ltd (NOV.mu) 2020 interim results for the half year.Company ProfileNovus Properties Limited deals in property development for rent or sale purposes. The company is based in Port Louis, Mauritius. Novus Properties Limited’s activities include tailor-made approaches to cater for unique building or office needs, the buying and rental back facilitation, management and maintenance of buildings and offices, as well as the promotion and development of properties. Novus Properties Limited is listed on the Stock Exchange of Mauritius’ Development and Enterprise Market.
Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended GlaxoSmithKline and LoopUp Group. 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” Stock market crash: I’d invest £5k in these cheap UK shares in an ISA to make a million Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Royston Wild | Friday, 31st July, 2020 Image source: Getty Images. See all posts by Royston Wild 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. 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. Simply click below to discover how you can take advantage of this. Enter Your Email Address Here at The Motley Fool, we writers believe stock market crashes, like the one of early 2020, provide an excellent opportunity to get rich from UK shares.It’s said form is temporary but class is permanent. So when share markets swing wildly, you shouldn’t be selling up and heading for the hills. If you’ve taken the time to build a well-researched and balanced portfolio of UK shares, you should have the courage to believe it’ll bounce back and deliver terrific returns over the long run.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…The best investors even use stock market crashes as an opportunity to load up on quality stocks while paying little for the privilege.3 of the best UK sharesI’m certainly not going to throw in the towel and abandon my plan to get rich and retire early. The most successful investors (like ISA millionaires) use stock market crashes as an opportunity to maximise their long-term returns. Let me fill you in on some of the brilliantly-priced UK shares that are on my personal watchlist today:Loopup Group’s share price fails to reflect its terrific growth outlook in both the near term and beyond. Forget about the threat of a global recession. This business provides remote meeting services under the software-as-a-service (SaaS) umbrella. And so it’s well-placed to ride the rise in home- and flexible-working over the next decade. A low forward price-to-earnings (P/E) ratio of below 13 times today is too cheap, given this sunny outlook.Trans-Siberian Gold, which trades on a P/E multiple of 7 times, also looks scandalously cheap right now. Bullion prices have literally just hit record tops, close to $2,000 per ounce. And the smart money is on gold prices continuing to rocket over the next few years at least. Trans-Siberian should find itself in the box seat to ride this train as production rates and ore grades rocket at its Russian mines.GlaxoSmithKline from the FTSE 100 is also one of the best cut-price UK shares to buy today. It offers the perfect blend of low forward P/E ratios and bulky dividend yields. These sit at 13 times and 5% respectively. It’s a brilliant selection for risk-averse investors as demand for its medicines will remain largely unaffected by any economic downturn. And, over the long term, its packed product pipeline should deliver electric profits growth.Make a fortune with bargain sharesBuying Glaxo et al’s shares at today’s current prices should pave the way for mighty shareholder returns in the years ahead. They’re just a few exceptional cut-price UK shares available for you and I to buy today however. The Motley Fool’s vast library of timely articles and special reports provides ideas for even more top stocks to buy today.My advice is to get reading and be prepared to buy quality stocks after the stock market crash. You don’t want to waste this brilliant investing opportunity. 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.
Having to rely on a play-off win against Germany, Samoa found it very tough to qualify for Japan Samoa Rugby World Cup Fixtures, Squad, Group, GuideIt wouldn’t be a Rugby World Cup without Samoa but they found it tough to qualify. Having been overtaken by Pacific rivals Fiji and Tonga, they had to get through a two-legged play-off against Germany.They started their tournament with a win against Russia but lost their other three pool matches.How They QualifiedAfter coming third in the Pacific Tri-Nations behind Fiji and Tonga, Samoa had to go into a play-off with Germany to secure their qualification for the tournament. Over the two legs the islanders proved too strong and secured an aggregate win of 108-43 to go into Group A.Key PlayersBack-rowers Jack Lam and Piula Faasalele will be central to Samoa’s uncompromising defence. Chris Vui – the man who guided Samoa through their World Cup qualifiers – adds leadership to the group. In the backs, Melani Matavao is a livewire at scrum-half and look out for the footwork of Tim Nanai-Williams.Rampant: Forward Jack Lam for Samoa (Getty Images)The Coach – Steve JacksonThe former New Zealand Maori lock, who played for Auckland, North Harbour and Southland, was appointed Samoa head coach in September 2018. He has coaching experience with Massey, Tasman, Counties Manukau, North Harbour and Super Rugby franchise the Blues. He describes himself as a “players’ coach”, pointing to the importance of building connections with all the individuals in the squad so he knows how to help them perform.Top man: Steve Jackson is the Samoa coach (Getty Images)Major Work-onsThey have incredible power but can they direct it? Team cohesion is key. And that is not helped with a lot of Samoan talent playing club rugby in Europe rather than at the World Cup.Samoa Rugby World Cup Warm-upsSaturday 27 July 2019: Samoa 25-17 TongaSaturday 3 August 2019: USA 13-10 SamoaSaturday 10 August 2019: Fiji 10-3 SamoaSaturday 7 September 2019: Australia 34-15 SamoaRelated: 2019 Rugby World Cup Warm-ups Expand Russia Rugby World Cup Fixtures, Squad, Group, Guide Samoa Rugby World Cup GroupSamoa are in Group A alongside Ireland, Scotland, Japan and Russia.Related: 2019 Rugby World Cup GroupsSamoa Rugby World Cup Kit Physical: Ireland last played the big Samoans in 2013 (Getty Images)Samoa Rugby World Cup SquadSamoa have named their Rugby World Cup squad below;Forwards (17):Afaesetiti AmosaTJ IoaneJack LamPiula FaasaleleJosh TyrellChris VuiTeofilo PauloKane LeaupepeSenio ToleafoaMichael AlaalatoaPaul Alo-EmileJames LayJordan LayLogovi’i MulipolaMotu Matu’uRay NiuiaSeilala LamBacks (14):Ed FidowTim Nanai-WilliamsAh See TualaBelgium TuatagaloaHenry TaefuAlapati LeiuaReynold Lee-LoKieron FonotiaAJ AlatimuTusi PisiUlupano SeuteniDwayne PolotaivaoMelani MatavaoScott Malolua (replaced by Pele Cowley on 9 September after dislocating his shoulder)Related: 2019 Rugby World Cup FixturesPrevious World Cup Results and RecordSamoa’s Rugby World Cup Record: P32 W13 D0 L191991 Quarter-finals1995 Quarter-finals1999 Quarter-final play-offs2003 Pool stages2007 Pool stages2011 Pool stages2015 Pool stages2019 Pool stagesFollow our Rugby World Cup homepage which we update regularly with news and features. Ireland Rugby World Cup Fixtures, Squad, Group, Guide Russia’s qualification for the tournament was a shock… Scotland failed to reach the quarter-finals for only… Russia Rugby World Cup Fixtures, Squad, Group, Guide LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Scotland Rugby World Cup Fixtures, Squad, Group, Guide Hosting their first World Cup, Japan made history… Scotland Rugby World Cup Fixtures, Squad, Group, Guide A lot was expected of Ireland, but they… Japan Rugby World Cup Fixtures, Squad, Group, Guide Expand Ireland Rugby World Cup Fixtures, Squad, Group, Guide Collapse Expand Japan Rugby World Cup Fixtures, Squad, Group, Guide Samoa Rugby World Cup FixturesTue 24 Sep Russia 9-34 Samoa (Kumagaya) Match ReportMon 30 Sep Scotland 34-0 Samoa (Kobe) Match ReportSat 5 Oct Japan 38-19 Samoa (Toyota) Match ReportSat 12 Oct Ireland 47-5 Samoa (Fukuoka) Match Report Also make sure you know about the Groups, Warm-ups, Dates, Fixtures, Venues, TV Coverage, Qualified Teams by clicking on the highlighted links.Finally, don’t forget to follow Rugby World on Facebook, Twitter and Instagram.
In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 By Kenyi DubePosted Jun 21, 2019 Rector Bath, NC Featured Jobs & Calls Gender Justice, Press Release Service 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 Missioner for Disaster Resilience Sacramento, CA Rector Hopkinsville, KY Assistant/Associate Rector Morristown, NJ Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET New Berrigan Book With Episcopal Roots Cascade Books Course Director Jerusalem, Israel Rector (FT or PT) Indian River, MI This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Rector Smithfield, NC Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Rector Collierville, TN Director of Music Morristown, NJ Associate Rector for Family Ministries Anchorage, AK An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Canon for Family Ministry Jackson, MS Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Bishop Diocesan Springfield, IL South Sudan clerics denounce stigmatization of survivors of conflict related sexual violence Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group [Anglican Communion News Service] Marking the international day for the elimination of sexual violence in conflict this week, the south Sudan Council of Churches issued a statement on the importance of care for the survivors of sexual violence during the conflict in south Sudan. In a statement the church leaders expressed concern that some survivors of conflict-related sexual violence are condemned and rejected by their families and as a result they are ostracized and relegated to the margins of society turning them into outcast.Read the entire article here. Associate Priest for Pastoral Care New York, NY Rector Tampa, FL Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Cathedral Dean Boise, ID Anglican Communion, Rector Albany, NY Rector Knoxville, TN Rector and Chaplain Eugene, OR Assistant/Associate Priest Scottsdale, AZ Youth Minister Lorton, VA Sudan & South Sudan Curate (Associate & Priest-in-Charge) Traverse City, MI Curate Diocese of Nebraska Director of Administration & Finance Atlanta, GA Submit a Press Release Rector Martinsville, VA 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 Tags Submit a Job Listing Priest Associate or Director of Adult Ministries Greenville, SC Rector Belleville, IL Priest-in-Charge Lebanon, OH Assistant/Associate Rector Washington, DC Associate Rector Columbus, GA Rector Washington, DC Rector/Priest in Charge (PT) Lisbon, ME 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 Rector Pittsburgh, PA Featured Events Submit an Event Listing Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Rector Shreveport, LA Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Family Ministry Coordinator Baton Rouge, LA
We all have old pre-digital photos around the house, right? It is time to check your closet, garage and attic because Saturday is Save Your Photos Day in Apopka!In conjunction with the Museum of the Apopkans, E-Z Photo Scan is holding a Save Your Photos Day event for Apopkans from 10:00 AM to 2:00 PM, TODAY at the Museum of the Apopkans.Use this link if you are not sure where the museum is located.You can have up to 100 photos (or 35mm slides), scanned for free during the event. You will also learn how to organize and preserve your treasured photos.The Save Your Photos initiative is a public service outreach campaign developed by The Association of Personal Photo Organizers (APPO) to teach individuals how they can preserve life’s irreplaceable photos, videos and documents, in case of unforeseen accident or disaster. Save my name, email, and website in this browser for the next time I comment. LEAVE A REPLY Cancel reply Please enter your name here Who are the Photo Organizers?The Photo Organizers are a community of independent business owners who offer a vast knowledge of information on photo creation, organization and management services. The services can range from helping clients organize their varies photo collections to scanning old photos to large projects of cataloging a life’s worth of photos and everything in-between.E-Z Photo Scan, the leading marketer of desktop photo-scanning systems and a proud sponsor of the Save Your Photos Alliance, reminds everyone the 3rd Annual International Save Your Photos Month is September 2016. The month-long celebration of family history and stories offers numerous events to learn how to preserve photos and documents for posterity.“In the three years of annual Save Your Photos activities, nearly 200,000 images have been preserved at these events,” says Richard “Rick“ Lippert, president, E-Z Photo Scan. “From natural disasters to negligence, family photos are being lost to future generations. The Save Your Photos Alliance is dedicated to raising awareness of the problem.”Lippert adds the need to preserve family photos goes beyond simply scanning old photos. Today’s consumers are capturing more personal photos than ever, and these photos also need to be preserved.“InfoTrends estimates 1.2 trillion pictures will be taken worldwide this year,” explains Lippert. “Many families don’t think about preserving those pictures now, for the benefit of families and for future generations. Without a print, it’s important for every family to set aside time to back up and to preserve family photos. That off-the-cuff selfie on your daughter’s iPhone could be a treasured memory in a few years. If that image is not backed up, that’s an irreplaceable loss.” Please enter your comment! Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 Florida gas prices jump 12 cents; most expensive since 2014 You have entered an incorrect email address! Please enter your email address here TAGSMuseum of the Apopkans Previous article6 Unexpected Infused Water Ideas for Gorgeous SkinNext articleCity promotes privately-owned business Dale Fenwick RELATED ARTICLESMORE FROM AUTHOR Share on Facebook Tweet on Twitter
33 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Being by far the largest source of voluntary income (38%), legacies have a substantial and, particularly at individual charity level, rather random influence on growth. With an overall growth rate of 11.7% and only 3.4% rise in expenditure, the average return from fundraising has increased from £5.09 to £5.51. If legacies are excluded, the average rose from £3.50 to £3.85. Tagged with: Giving/Philanthropy Institute of Fundraising Research / statistics Institute of Fundraising welcomes Fundratios report which shows Fundratios Charities obtaining higher growth The 2003 project was completed in November. Forty-two charities with a combined voluntary income of almost £1.5 billion took part. Most of the data related to financial years ending in the period between March and June 2003. It is therefore more recent and of course far more detailed than analysis based on any published accounts. 3. Contact Lindsay Boswell, Chief Executive or Andrew Watt, Head of Policy and Standards and Deputy Chief Executive on 020 7627 3436 for further information. This year has seen a maturing of the committed giving campaigns which have been such a feature of fundraising in the past few years. Last year investment in obtaining new committed givers rose by 70%. This year expenditure fell by 3.6% although it remains the main area of expenditure, accounting for 25% of fundraising budgets. Having invested heavily in building up their committed giver base, some of the larger charities are now spending only to maintain and replenish that base. In consequence the typical return has risen from £3.43 to £4.07; as others reach this situation the returns should continue to improve. Some smaller charities continued to invest heavily. For example, those charities with a voluntary income of over £22 million (the middle value for the group) spent 7% less whilst smaller charities spent 30% more. Howard Lake | 28 January 2004 | News Central to this growth was the increased income from committed giving which is now the largest source of voluntary income after legacies. It provided 17% of all voluntary income, 28% of non-legacy income. It grew by 18.3% during the year, 69% over a 3-year period. Other activities which grew well during the year were trusts, corporate, special events and the small but rapidly growing income from major donor fundraising programmes. Chart 2 shows the sources of voluntary income of participants in the study. It enables them to benchmark their fundraising activities against those of other leading charities. Over 80 charities, large and small, have taken part in the study, many on a regular basis. It is a unique source of in-depth information on the growth, costs and returns of every fundraising activity, from shops to special events, committed giving to corporate ventures. Charities in the project have reported growth in each of the last 10 years but the rate of growth slowed markedly between 1998 and 2001 in which year it was just 2.7%. It accelerated again in 2002 (up 10.8%) and in 2003 that growth continued with an increase of 11.5%. As in most recent years the growth has come to a large extent from active fundraising (i.e. excluding legacies) see Chart 1. Advertisement Note for Editors: This year legacy income grew by a satisfactory 4.1% while non-legacy income grew by 15.7% giving overall growth of 11.7%. The latest Fundratios report, the charity fundraising benchmarking project, operated by the Centre for Interfirm Comparison and the Institute of Fundraising showed continued growth in voluntary income and an improvement in returns on investment in fundraising. One of the main factors has been the benefit now flowing from earlier years heavy investment in committed giving. Lindsay Boswell, CEO of the Institute, said, “This makes it clear and simple that growth in fundraising is linked to creation of a diverse fundraising strategy underpinned by sound investment in a variety of fundraising techniques.” About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. 1. ‘Fundratios’, operated by the Centre for Interfirm Comparison in cooperation with the Institute of Fundraising is a management tool for fundraising professionals. The average returns from fundraising are shown below: 2. The Institute of Fundraising (registered charity number 1079573) is a membership organisation committed to the highest standards in fundraising management and practice. Members are supported through training, networking, the dissemination of best practice and representation on issues that affect the fundraising environment. The Institute of Fundraising is the largest individual representative body in the voluntary sector with 3,500 individual members and 140 affiliated organisations. Membership reflects income to the sector of some 5 billion per annum and delivers more than £12 billion service-output covering all areas of social activity. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis
New disabled young people’s charity launches £160,000 ‘Stargaze’ appeal 27 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 21 January 2008 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Celebrity Giving/Philanthropy A new charity dedicated to helping all young people with disabilities to enjoy life to the full is launching a £160,000 ‘StarGaze’ appeal. SpecialEffect will use the funds to loan out specially-adapted computer games or gaze-controlled computers. It is being launched this week by rugby player Matt Hampson, who was paralysed while training with the England under 21 team, with the support of The Leicester Tigers Rugby Club.Hampson, who is the charity’s patron, could not speak and could only only move his eyes after the injury. Having used the technology himself, he said: “Even if you can’t have all the technology available immediately, it’s when you’re there in hospital that you need to know that this technology is out there and this project will help people in exactly this way.”www.specialeffect.org.uk About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.
Uncategorized Celebrate Pi Day With a Pizza Pi(e)! From STAFF REPORTS Published on Wednesday, March 11, 2015 | 11:02 am Community News 6 recommended0 commentsShareShareTweetSharePin it Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Name (required) Mail (required) (not be published) Website Business News Make a comment To how many decimals can you recite Pi? For some of the more gifted residents of Pasadena, we imagine it can get pretty high. For most of us, it’s simply two: 3.14.So did you know that there’s a whole holiday dedicated to one of the most important numbers in the world? March 14th, a.k.a. 3.14, is National Pi Day.In celebration, Blaze Pizza is offering all of their pizzas for just $3.14!And while you’re enjoying your cheap but delicious pizza, you can enter their Instagram contest. Every 314th guest who Instagrams a #BlazePizza selfie or we-fie (in others words, a normal picture) wins 10 free pizza passes!So here’s what you do: Snap a photo of yourself with the pizza and post it on Instagram, adding #BlazePizza in the caption. Publicly post your photo between 12 a.m. and 11:59 p.m. on March 14th. If you’re the 314th poster, you win!Join in on the fun this Saturday!Blaze Pizza is located at 35 N Lake Avenue Suite 710 Pasadena. For more information, call (626) 584-5880 or visit www.blazepizza.com. More Cool Stuff Community News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Subscribe Your email address will not be published. Required fields are marked * Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday First Heatwave Expected Next Week HerbeautyNutritional Strategies To Ease AnxietyHerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeautyCreative Ways To Burn Calories That Require Little EffortHerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeauty10 Special Beauty Tips That Make Indian Women So BeautifulHerbeautyHerbeauty Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Top of the News
Home / Daily Dose / What to Make of the QM Patch Moving Forward About Author: Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Government, News Subscribe Share Save Previous: New-Home Sales go in the Wrong Direction in July Next: Protecting Homes from Wildfire Print This Post Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Related Articles Tagged with: Mortgages QM August 23, 2019 893 Views What to Make of the QM Patch Moving Forward The Best Markets For Residential Property Investors 2 days ago The AEI Housing Center discuss the future of the QM patch, more specifically what can be seen, and what is not foreseeable. AEI states that foreseeable results from the patch are higher home prices, and the unseen are borrowers who would not have needed the Patch, had the home-price inflation caused by the Patch not occurred. According to the information, the GSE Patch allowed borrowers to take on additional debt, and the GSEs and FHA were in a “favored position” to insure loan that exceeded the debt-to-income (DTI) limit of 43% imposed by private lenders. Additional leverage helped price growth for lower-priced homes at a quicker rate than for higher-priced homes. A correlation exists between faster home-price appreciation and the existence of higher DTIs. From 2012-2018, sections that had above average DTIs (above 37%) experienced appreciation quicker than the average. “Thus, a policy that assists buyers in taking on high DTI levels simultaneously undermines home affordability, driving up home prices faster than they would have, absent the Patch-provided stimulus,” the report states. In 2017, about 17% of borrowers with incomes below $80,000 had DTIs above 43%, which increased to 26% by 2017. Higher income borrowers saw their dependency on the patch rise from 11% to 17%. “The sharper increase in reliance on DTIs above 43% for borrowers with incomes below $80,000 is due to the more rapid home price appreciation for entry-level homes,” according to the report. Last year, Standard & Poor Global (S&P) reported that non-QM products are gaining popularity since being introduced. The report states that the non-QM market is the fastest-growing segment of non-agency residential mortgage-backed securities in the U.S., despite still being a relatively small slice of the pie. The non-QM market is on track to double, or even triple, last year’s securitization issuance within this year.S&P found that there have been 20 odd transactions year-to-date, totaling over $6 billion in issuance, which is already almost double 2017’s full-year volume. S&P also notes that, when compared to other RMBS categories, non-QMs have prepaid quicker, often soon after loan origination. The report found a conditional prepayment rate (CPR) 35%. Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Mortgages QM 2019-08-23 Mike Albanese The Best Markets For Residential Property Investors 2 days ago
News UpdatesPOCSO Act : Kerala High Court Upholds Constitutionality Of Reverse Burden Of Proof Under Sections 29 & 30 LIVELAW NEWS NETWORK12 Nov 2020 12:12 AMShare This – xIn a notable judgment, the Kerala High Court has upheld the constitutional validity of Sections 29 and 30 of the Protection of Children from Sexual Offences Act(POCSO Act) which creates a reverse burden of proof on the accused.A single bench of Justice Sunil Thomas rejected the arguments that these provisions violated fundamental rights under Articles 14, 20(3) and 21 of the Constitution…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginIn a notable judgment, the Kerala High Court has upheld the constitutional validity of Sections 29 and 30 of the Protection of Children from Sexual Offences Act(POCSO Act) which creates a reverse burden of proof on the accused.A single bench of Justice Sunil Thomas rejected the arguments that these provisions violated fundamental rights under Articles 14, 20(3) and 21 of the Constitution of India.The Court noted that statutes imposing limited burden on the accused to establish certain facts which are specifically within his knowledge are not rare in Indian Criminal Law. It further held such provisions cannot be held to be unconstitutional due to the fact that they reverse the burden of proof from the prosecution to the accused if they are “justifiable on the ground of predominant public interest”.”Parliament is competent to place burden on certain aspects on the accused, especially those which are within his exclusive knowledge. It is justified on the ground that, the prosecution cannot, in the very nature of things be expected to know the affairs of the accused. This is specifically so in the case of sexual offences, where there may not be any eye witness to the incident. Even the burden on accused is also a partial one and is justifiable on larger public interest”, the Court observed.The Court observed that these provisions do not absolve the prosecution of the burden to establish “foundational facts” of the crime and that the reverse burden kicks in only when such “foundational facts” are established. Also, it is open to the accused to rebut the presumption on the basis of preponderance of probabilities.The court explained that the foundational facts in a POCSO case include “the proof that the victim is a child, that alleged incident has taken place, that the accused has committed the offence and whenever physical injury is caused, to establish it with supporting medical evidence”.”The insistence on establishment of foundational facts by prosecution acts as a safety guard against misapplication of statutory presumptions”, the Court observed repelling the constitutional challenge raised in two petitions filed by Justin @ Renjith and Ashly Tomi, who were facing investigation for POCSO offences The challenge on the ground Article 14The petitioners argued that the reverse burden for sexual offences against children was discriminatory as such a provision was not there in cases of sexual offences against adults.The Court held that POCSO Act was implemented for the protection of children following the mandate of Article 15(3) of the Constitution.”Since POCSO Act was implemented to achieve the mandate under Article 15(3) of the Constitution for providing special protection to children, POCSO Act cannot be challenged on the ground that it offends Article 14 of the Constitution. Further, treating the child victims as constituting a class by itself, is based on an intelligible differentia, and is meant to achieve the object of the Statute. Hence the statutory provisions do not offend Article 14″.The Court also rejected the argument that mens rea must be an essential ingredient of every offence.”Such offences involve varying degree of physical interference on the victim or penetrative act, which if done, by itself explicitly exhibits a sexual intent and hence, mens rea is mplied in the conduct of the agressor itself. Hence it need not even be specifically established by the prosecution. Hence Parliament has consciously omitted the ingredient of sexual intent from the above offences, since that mental element is implied in the very nature of the crime. Hence the contentions of the learned counsel for the petitioners that, mens rea is not made as an important ingredient of offence and hence the Act is contrary to the basic tenents of criminal jurisprudence is not sustainable”.The challenge on the ground of Article 20(3)The petitioners argued that Sections 29 and 30 violated the right to silence of the accused. Referring to the Supreme Court decision in State of Bombay v Kathi Kalu Oghadu the High Court held that Article 20(3) will operate only when the accused is put under duress to give evidence against himself. This argument was rejected by the Court saying ‘compulsion’ in the context of Article 20(3) means duress.”To bring such evidence within the mischief of Art.20(3), it must be shown that accused was under a compulsion to give evidence and that the evidence had a material bearing on the criminality of the maker. Supreme Court explained that, compulsion in the context must mean duress”, the Court observed.”Tendering of the oral evidence by accused is not mandatory or essential. To that extent, the apprehension of the petitioners that, sections 29 and 30 of POCSO Act violate Art.20(3) of the Constitution is misplaced”, the Court added.The challenge on the ground of Article 21The petitioners argued that the impugned provisions took away the right to presumption of innocence under Article 21 of the Constitution. In this regard,the Court observed that the provisions do not take away the obligation of the prosecution to establish the foundational facts.The Court said:”Though, it may appear that in the light of presumptions, the burden of proof oscillate between the prosecution and the accused, depending on the quality of evidence let in, in practice the process of adducing evidence in a POCSO case does not substantially differ from any other criminal trial. Once the recording of prosecution evidence starts, the cross examination of the witnesses will have to be undertaken by the accused keeping in mind the duty of the accused to demolish the prosecution case by an effective cross examination and additionally to elicit facts to rebut the statutory presumptions that may arise from the evidence of prosecution witnesses. Practically, the duty of prosecution to establish the foundational facts and the duty of accused to rebut presumptions arise, with the commencement of trial, progresses forward along with the trial and establishment of one, extinguishes the other. To that extent, the presumptions and the duty to rebut presumptions are co-extensive”. Click here to Read/Download JudgmentNext Story