| Key Receives 'Outstanding' Rating for Community Reinvestment Act ...
(CSRwire) For the fifth consecutive rating period, KeyBank National Association has received an "outstanding" rating for its Community Reinvestment Act (CRA) lending practices from the U.S. Office of the Comptroller of the Currency (OCC). This is the top rating on a four- category scale by the bank regulatory agency. The OCC cited that fewer than 10 percent of all bank-based financial services companies reviewed in the last two years received "outstanding" ratings. An even lower percentage of large, multi-state banks received the top rating, according to the OCC. This is the first rating period in which the OCC reviewed KeyBank as a single, nationwide banking unit. "I couldn't be more pleased that the OCC has recognized Key's commitment to the Community Reinvestment Act," said Jack Kopnisky, Retail Banking president.
No Man’s Land
The only way out is to increase productivity and diversify to high value crops like the off-season vegetables, the production of which has shot up from 7.50 lakh tonne in 2001-2002 and it increased to 9.50 lakh tonne last year. The target for the current year is 10 lakh tonne and given the trend of the recent years it will not be difficult to achieve. While foodgrain crops yield Rs 10,000 to Rs 15,000 per hectare the returns from off-vegetables is around Rs 50,000 per hectare and from floriculture up to Rs 80,000 per hectare. .
Bankrate: Mortgage Rates Lowest Since March 2004
NEW YORK, Jan. 24 /PRNewswire-FirstCall/ -- Mortgage rates dropped for the fourth week in a row, with the average conforming 30-year fixed mortgage rate now 5.57 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.33 discount and origination points. The average 15-year fixed rate mortgage popular for refinancing fell to 5.11 percent, and the average jumbo 30-year fixed rate eased to 6.85 percent. Adjustable mortgage rates plummeted, with the average one-year ARM plunging to 5.41 percent, and the average 5/1 ARM sinking to 5.35 percent. Adjustable mortgage rates plunged following an emergency interest rate cut by the Federal Reserve. The repeated rate cuts by the Fed will benefit the many homeowners with adjustable mortgage resets still to come in 2008.
Wish I could get a do over (or two, or three, or more …)!
He loses the ball or gets stripped every time. When that Jumper is off he has to contribute more like yesterday. Overall it was a good win -we just have to learn how to play with a huge lead and not let teams back in the game. Im predicting an upset over Denver tomorrow .
Cleveland suit smells like a pig
Running a pig farm is a sloppy business. Lagoons of manure put a stench in the wind and may even contaminate the neighbors' wells. "Creating a public nuisance" is what they call it. And for pig farmers, public- nuisance lawsuits can be a cost of doing business. Last week, the city of Cleveland filed a public-nuisance lawsuit against some of the biggest pig farmers I know: 21 investment banks and lenders whose subprime-mortgage- lending practices have allegedly turned Cleveland into a sty. "The city has become the poster child for the national foreclosure crisis," the city's lawsuit reads. "An average of 20 Cleveland homeowners faced the grim reality of foreclosure every day in 2007." After suffering more than 7,500 foreclosures last year, Cleveland now has "entire streets, blocks and neighborhoods" of abandoned homes that have become "eyesores . . .
Lebanon Police Investigate Bombing
Investigators were also trying to determine if the latest bombing was part of a string of attacks that have targeted leading anti-Syrian politicians in the past three years, a security official said Saturday. Syria has often been blamed in the attacks, but Damascus has denied any role.
The powerful bomb Friday killed Capt. Wissam Eid, whose work included probing the 2005 killing of former Prime Minister Rafik Hariri.
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Bush calls for $145 billion in tax relief
Spend more money we don't have to encourage folks to go shopping more. Now, I'm no economist, but there seems to be something missing from this picture. Seems to me that if you want to dump a lot of money into the economy, a good way would be to put people to work rebuilding our infrastructure. It would put AMERICAN citizens to work on good paying jobs rebuilding OUR infrastructure. WE would be getting something for the dollars spent, jobs, stimulis to AMERICAN business, and a well built strong country - rather than a give away to the corporations... again. Oh, and did I mention that the companies doing the work would have to be AMERICAN OWNED, and on AMERICAN SOIL and hire AMERICAN CITIZENS? What a novel concept! If you tell the truth you don't have to remember anything. Mark Twain .
World championships - CM
At 6.6 km in Dehesa de la Villa, there is a small climb that will certainly be the place where the attacks will go. There are other climbs and descents, but not as big as this one. The women's time trial is the first race on the program on Wednesday at 10:00am local time. It's a 21.9 km one-lap race against the clock through Madrid's Casa de Campo. The route has some ups and downs and it ends with a steady descent after km 17.7 and a flat finale. The highest point is 680 metes above sea level. While, the men's under 23 time trial is done on a slightly shorter course where the riders should do two laps (the first one 18.8 km long and the second 19.1 km). It has an uphill that starts at km 11.3. On the other hand, it has a long descent that begins at km 14.5. The men's time trial will be raced on Thursday.
Movers: Monsanto, GM, CVS, Overstock.com, Solarfun Energy
Monsanto Company (MON) posts better-than-expected $0.46 vs. $0.16 a year ago, first quarter EPS on 36% revenue rise. It sees fiscal year 2008 EPS of $2.50-$2.60, excluding the impact of Solutia's emergence from bankruptcy, both on reported and ongoing basis. General Motors (GM) are lower on a report GM's CEO Wagoner said he expects 2008 U.S. auto sales to be near 2007 levels, with weakness likely in the first half. Also, GM reports decline in U.S. Dec. vehicle volumes: 5.2% decline in total vehicle, 4.4% in light vehicle. Bed Bath & Beyond (BBBY) shares were down in after-hours trading after the retailer reported third quarter results. EPS was $0.52, vs. $0.50 a year ago, while total sales rose 11% to $1.795 billion. Same-store sales rose 0.8%, down from 4.6% a year ago. It sees fourth quarter EPS of $0.64-$0.67 based on a projected flat comparable store sales percentage for the quarter.
RESIDENTIAL DEVELOPMENT: Rhodes floats land plan Homebuilder sets ...
KINGMAN, Ariz. -- It's apparently going to take more than a sluggish economy, a mortgage loan crisis and a housing market that's been put to sleep to keep Southern Nevada homebuilder Jim Rhodes off the radar in northwest Arizona. Some 300 people crowded into a Kingman middle school cafeteria on Thursday for the unveiling of the master-planned community Rhodes wants to develop on 5,000 acres in nearby Golden Valley, about 110 miles south of Las Vegas. Eight hundred people hold reservations for lots in Pravada, which could total as many as 25,000 homes at full build-out, roughly four times as many as Rhodes has built over the years in Las Vegas. Rhodes Homes Arizona Vice President Chris Stephens expressed confidence that about 2,000 homes will be built there within five years.
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