China resists gunboat diplomacy and unequal treaties — then and now

first_imgMost people in the U.S. are unaware of the fact that more than a century ago armies of occupation from the U.S., Britain, France, Germany and Japan were stationed in Chinese cities. The U.S. Navy had fleets of armored ships patrolling Chinese rivers and coastal waters. These concessions were forced on China by brutal gunboat diplomacy and enshrined by onerous unequal treaties that made China pay these imperialist countries huge indemnities.Now, once again, the U.S. is making demands on China. President Xi Jinping has compared them to those unequal treaties imposed by the imperialist powers over 150 years ago. The latest U.S. trade demands on China have awakened a fervent nationalist response in every current of Chinese society.In China, the words “unequal treaties” resonate deeply, while most working people in the U.S. have never even heard the term. We are told that U.S. “gunboat diplomacy” was a tactic of more than 150 years ago. But just this May 19, U.S. warships escalated their so-called “Freedom of Navigation” exercises by sailing through the busy waterways of the South China Sea. On May 23, the U.S. Navy sent two guided missile destroyers through the narrow Straits of Taiwan. These are now regular monthly offensives. They are comparable to Chinese destroyers sailing into the Gulf of Mexico, off the coast of New Orleans and Houston.The May 22 China Daily warned in an editorial: “With tensions between the two countries already rife, there is no guarantee that the presence of U.S. warships on China’s doorstep will not spark direct confrontation between the two militaries.”Break with past wars and chaosThe standing of the Chinese Communist Party is based in no small part on its ability over the past 70 years to break with the humiliations, chaos and constant wars caused by past gunboat diplomacy, the decades of occupation by numerous foreign troops, and the harsh and unequal treaties they imposed.These treaties were in fact terms of surrender dictated by the major imperialist powers of Britain, the U.S., France, Germany and Japan. China was forced to change its laws, pay huge indemnities and grant as “concessions” control of its cities, major ports and largest waterways.The resulting uprisings, rebellions and civil wars were crushed, and much of the country was impoverished and destroyed.The new communist government’s intention to ensure stable development and broad prosperity while resisting foreign intervention was a promise Mao Zedong made in October 1949 while proclaiming the founding of the People’s Republic of China.Mao declared: ”[T]he Chinese people, comprising one quarter of humanity, have now stood up! The Chinese have always been a great, courageous and industrious nation; it is only in modern times that they have fallen behind. And that was due entirely to oppression and exploitation by foreign imperialism and domestic reactionary governments. For over a century our forefathers never stopped waging unyielding struggles against domestic and foreign oppressors.” Mao warned that “every day and every minute the imperialists will try to stage a come-back. This is inevitable and beyond all doubt.”“It is because we have defeated the reactionary Kuomintang government backed by U.S. imperialism that this great unity of the whole people has been achieved. …“We shall emerge in the world as a nation with an advanced culture. Our national defense will be consolidated and no imperialists will ever again be allowed to invade our land.”Marines of the Asiatic Fleet marching through Shanghai in 1911‘We won’t go back!’The state news agency Xinhua in a May 25 editorial defined the current Chinese view. “Obviously, the U.S. arrogant demands are beyond the scope of trade negotiations and touch on China’s fundamental economic system. This shows that behind the United States’ trade war against China, the U.S. is trying to invade China’s economic sovereignty and force China to damage its core interests.”The editorial asserts that U.S. attempts to restrict the development of its state-owned enterprises are seen as “forcing China to change its development path” toward socialism.The demands include structural changes to its economic practices. China has reiterated that it will not make concessions on “matters of principle” and that the enforcement mechanisms would force China to change its own laws.Several news sources note that China’s capitalist reformers, who seemed willing to accept these onerous conditions, have lost the upper hand in recent weeks. This makes it even less likely that China will make concessions compatible with what the U.S. wants. (, May 26) Over the past year U.S. demands have steadily increased through 11 negotiating sessions. During the negotiations, the Pentagon was intensifying its military threats with its “Freedom of Navigation” exercises.The ban on software and electronic components of Huawei Technologies has extended the trade war in an effort to block China’s companies from all global markets. The implications of the Huawei ban are even more far reaching.Pending legislation in Washington would put a ban on any Chinese company that violates U.S.-imposed sanctions on such countries as Iran, the Democratic People’s Republic of Korea, Cuba and Venezuela.130 years of U.S. troops in ChinaThe Pentagon and U.S. trade negotiators know the criminal history of 130 years of U.S. military occupation of major Chinese cities very well. However, that is seldom mentioned by the corporate media or in U.S. history books.U.S. Marines were garrisoned in Beijing (then called Peking), Guangzhou (then called Canton) and Shanghai from 1818 to 1949. They were displaced from 1942 to 1945 by Japanese occupation during World War II. The Chinese Red Army finally expelled them in 1949.U.S. Marines were on armored warships all along Chinese coastal waters, while special fleets of river gunboats of the U.S. Navy and Marines patrolled Chinese rivers up to 1,000 miles inland. They were there to enforce U.S. trade interests and suppress uprisings. is a website that gives a pictorial history glorifying the occupation.This was an age of imperialist expansion and conquest. The U.S. wars against the Indigenous nations of the Americas, the British colonization of India and South Asia, the French in Vietnam and Southeast Asia, the looting and carving up of Africa were all underway.Photo of officers of foreign military powers in China, 1939Opium wars and drug traffickingBritain fought two Opium Wars in China to enforce its “right” to sell opium. The merchants called this “defending free trade” and “protecting freedom of navigation.”For 200 years before the 1840 Opium War, foreign merchants in China, by imperial edict, could trade only in a restricted zone on the Pearl River and on the South China Sea in Guangzhou (Canton) with payments made in silver.Starting in the mid-1700s British merchants began smuggling tons of opium from India and trading it for silver in China. U.S. merchants, the second-largest group of merchants there, smuggled opium from Turkey to undercut British prices. Consumption of opium skyrocketed, as did the profits.By 1839 millions of Chinese had become addicted. The Imperial Commissioner Lin Zexu was sent to enforce Chinese laws that banned opium throughout the Chinese Empire. He arrested 1,700 dealers and seized and burned 2.66 million pounds of opium already in Chinese harbors.The outraged British merchants set up a blockade on the Pearl River and sent a full-scale naval expedition of 44 armored steamships with heavy cannon, rockets and infantry with long-range fire. The antiquated Chinese warships were destroyed. British ships then sailed up the Zhujiang and Yangtze rivers, occupied Shanghai and seized tax-collection barges.In the 1842 Treaty of Nanjing, the port of Hong Kong became a British territory and five Treaty Ports were established, where the British could trade anything they wanted. China was forced to pay for the war and reparations to the merchants for the destroyed opium.The U.S. government imposed its own Treaty of Wanghia on a weakened China in 1844. That gave the U.S. beneficial trade treatment and the right to station foreign warships and troops on Chinese territory, with autonomy to operate outside Chinese law.‘Century of humiliation’By 1856 the British fought the Second Opium War for unrestricted trade in any port and an end to all bans on opium. The U.S. and French joined in with their own naval bombardments, amphibious assaults and destruction of forts and city walls. A new treaty legalized Christianity, opium and the mass transport of Chinese indentured laborers to the U.S. and throughout the British Empire.Each imperialist country enforced its own new treaties on China, granting additional special privileges.When the Boxer Rebellion, a mass peasant anti-Western movement, broke out in 1899, a multinational imperialist force of British, U.S., Russian, German, Austrian, Italian, French and Japanese troops put it down. Then they spent an entire year looting Beijing, Tianjin and other major cities.The first Opium War in 1840 is considered the beginning of the Century of Humiliation. When Trump’s trade negotiators first presented their list of demands to their Chinese counterparts, the Chinese news outlet Global Times ran the headline: “Is It Now 1840?”A new Long MarchThis May 20, President Xi, in a highly publicized move, visited a rare-earth magnet factory in eastern China. This visit was interpreted as part of China’s leverage over its supply of rare-earth materials, which are used in a wide range of high-tech U.S. products, such as smartphones and electric cars.The next day Xi called on China to embark on a new “Long March” and remain resilient — a clear signal that the country is gearing up for a prolonged struggle with the U.S.President Xi’s talk was given in Jiangxi, known as the starting point of the 6,000-mile Long March by the Chinese Red Army in 1934-36. This organized retreat, under heavy bombardment, led to the ultimate victory of the Red Army and the defeat of U.S.-backed Nationalist forces by 1949, with the emergence of Mao Zedong as China’s leader.On May 13, a Morgan Stanley economist, Michael Wilson, warned that the U.S. economy could fall into recession if the country’s trade war keeps escalating. Even before the desperation of Trump’s trade war, this was a steady prediction. It now seems inevitable.The 18 years of U.S. wars in Afghanistan, Iraq, Libya and Syria are by every measure an absolute disaster for U.S. dreams of conquest and recolonization.  China, with a population many times larger than all these countries combined, with advanced technology, internal cohesion and many trading partners, is in a strong position to resist U.S. demands.It is not the world of 1840. U.S. imperialism is on the decline. It can’t recapture its past position with threats and dreams of colonial conquest.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Oil Ends Higher

first_imgHome Energy Oil Ends Higher Previous articleGrowth and Success Continues for Beck’sNext articletest Gary Truitt Oil Ends Higher SHARE Facebook Twitter Crude-oil futures trading in New York settled higher on Thursday, shaking off initial weakness following negative economic news from China, the world’s top oil consumer.Light, sweet crude futures for delivery in October rose 51 cents to settle at $93.96 a barrel on the New York Mercantile Exchange. It had traded as low as $92.50 a barrel earlier, according to FactSet. Chinese manufacturing activity weakened in August to a three-month low, with the preliminary HSBC China Manufacturing Purchasing Managers Index slipping to 50.3 compared with a final reading of 51.7 in July. Analysts said the soft numbers point to a fragile economic recovery and will likely be negative for oil demand. SHARE By Gary Truitt – Aug 21, 2014 Libya said it has resumed oil exports from its largest terminal, As Sidra, after almost a year, with an initial cargo of 600,000 barrels of oil headed for Europe, keeping the pressure on for Brent for most of Thursday. Libyan oil supply along with seasonal demand weakness in September and October will delay a recovery in oil prices, although prices are starting to stabilize as the glut of West African crude alleviates, Michael Wittner, head of oil research at Société Générale, said in a report. Bullish crude oil inventory data showing a larger-than-expected fall in weekly U.S. oil stockpiles helped New York-traded oil. SocGen said in the report there was an unexpected jump in the amount of crude processed by refineries and a surprise build in gasoline stocks. Facebook Twitterlast_img read more

Purdue Agriculture Names New International Programs Leader

first_imgHome Indiana Agriculture News Purdue Agriculture Names New International Programs Leader SHARE By Purdue University News Service – Mar 18, 2019 Facebook Twitter Gerald Shively, an agricultural economics professor who has been at Purdue University for more than two decades, has been named associate dean and director of the College of Agriculture’s International Programs in Agriculture.“Gerald’s diverse scholarship and travel experiences will distinctively inform his work as associate dean,” said Karen Plaut, the Glenn W. Sample Dean of Agriculture. “We are fortunate that he will be assuming this key leadership position within the college.”Shively has focused much of his research on the international arena, and his interactions with Purdue colleagues and graduate students on those projects drew him to this latest challenge.“You might say that international agriculture is in my blood,” he said. “It seemed like a very natural thing after benefiting so many years from Purdue’s international legacy to be in this position so I can give something back. The College of Agriculture has done great work internationally through the years, and a big part of my job is to be a good steward of that reputation and to try to grow and enhance the college’s global footprint.”International Programs in Agriculture (IPIA) assists and facilitates international experiences, collaborative relationships, and projects that aid faculty and staff, undergraduate and graduate students, and international visitors. It also provides administrative support through sponsoring seminars related to international agriculture; assisting and advising faculty, staff and students in preparation for international travel; aiding in the preparation of grant proposals with an international focus; and disseminating information on international opportunities for grants, fellowships, internships and exchange opportunities.Shively will work closely with associate deans in the college as well as partners across campus to increase IPIA’s profile and strengthen and enhance the college’s missions of research, engagement and outreach, and learning. He is particularly interested to find new ways to promote outreach efforts in the international domain and to expand study abroad offerings for students.“Purdue students will be going out into the workplace, many of them working in environments where they will be in a multicultural setting or working for multinational corporations,” he said. “They need to be well-versed in global affairs, global challenges and be comfortable operating in that space.”Shively came to Purdue in 1996 and, in addition to serving as a professor in the Department of Agricultural Economics, is a Faculty Fellow for Global Affairs in the university’s Office of the Executive Vice President for Research and Partnerships. His research focuses on the links among poverty, land and labor use, and natural resource management in developing areas of the world. He has conducted studies in Bangladesh, Ethiopia, Ghana, India, Indonesia, Malawi, Nepal, the Philippines, Thailand, Uganda and Vietnam.He has received several teaching awards, including being listed in Purdue’s Book of Great Teachers, and is the author or co-author of more than 200 scholarly contributions. He currently serves on the executive committee of the World Bank-Land Grant Partnership for Agriculture; the editorial board of the journal Land Economics; a blue-ribbon panel for the Council on Food, Agricultural and Resource Economics; and the executive committee of the Purdue Center for Global Food Security.Shively received his bachelor’s and master’s degrees in economics from Boston University and earned his doctorate from the University of Wisconsin-Madison in agricultural and applied economics.Shively’s research in many developing nations has given him a unique perspective on issues the world faces as well as the vast potential Purdue has to address these issues.“We all want to live on a healthy, sustainable planet, and that means solving some big challenges. The College of Agriculture should be known widely for being involved in that activity,” he said. “That’s the view at 35,000 feet. On the ground, what that means is that every day I need to be thinking about how we leverage the people, the knowledge and the resources that we have on campus in support of that.” Purdue Agriculture Names New International Programs Leader Previous articleAn Update on China Negotiations and a Late and Difficult Planting Season Ahead on the HAT Monday Morning EditionNext articleCeres Solutions Investing in Communities Purdue University News Service Facebook Twitter SHARElast_img read more

LEAPS makes sites more relational

first_imgMeg Hemmerle LEAPS, Reading Frogs volunteer at Paschal High School World Oceans Day shines spotlight on marine plastic pollution + posts Zeta hosts Bright Pink workshop Facebook Meg Hemmerle Meg Hemmerle printLEAPS day of service is celebrating its 16th year on TCU’s campus Oct. 16, and this year the directors have revamped the program to make the sites more relational based.This year, there are 23 sites at which to volunteer, ranging from the Humane Society to Morningside Middle School. The majority of the sites are focused on helping people directly and forming relationships.“I drastically went through the list of all our sites and cut out a ton because we really want to make it relational service so that people will keep wanting to come back,” said co-director Kaitlin Stutts, a junior biology major.Choosing which sites at which to volunteer is a standard process for the LEAPS executive team. LEAPS provides transportation for all student volunteers, so all sites, with the exception of Mission Arlington and All Star Equestrian Foundation, are less than a 20 minute car ride from TCU’s campus.“We have had a running list that we pass down to each exec board of sites. Some of the sites said no for liability reasons but a lot said yes. There’s no set criteria as to how we choose sites, it’s just whoever says yes,” said Stutts.The big reason for the changes of sites is because one of LEAPS’ goals is to get people, students and alumni to go back to where they served and to continuously volunteer at the site. By adding new sites that are relational based co-directors Stutts and Jessica Puyo, a junior childhood education major, are hoping that people will want to give more.“We’re putting together sheets to hand out to participants with everything they need to know about how to go back and volunteer to make it easier for them,” said Stutts.To learn more about LEAPS, visit orgsync, or email Jessica Puyo or Kaitlin Stutts. Linkedin TCU places second in the National Student Advertising Competition, the highest in school history Twitter Movember 5K brings awareness to men’s healthcenter_img Previous articleTCU student arrested for breaking into Texas Capitol, breaking portraitNext articleTCU student drugged, assaulted by imposter “Lyft” driver Meg Hemmerle RELATED ARTICLESMORE FROM AUTHOR Meg Hemmerle TAGSmap – interactive Twitter ReddIt Linkedin ReddIt Greeks in the Streets looks to educate Greek chapters and strengthen Greek community Facebook Meg Hemmerle Welcome TCU Class of 2025last_img read more

Weekend “Fun Run” Raises $5,000 for Descanso Gardens

first_imgCommunity News Weekend “Fun Run” Raises $5,000 for Descanso Gardens From STAFF REPORTS Published on Thursday, June 25, 2015 | 1:25 am Community News 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. Herbeauty10 Female Celebs Women Love But Men Find UnattractiveHerbeautyHerbeautyHerbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeauty6 Trends To Look Like An Eye-Candy And 6 To Forget AboutHerbeautyHerbeautyHerbeautyWhy Luxury Fashion Brands Are So ExpensiveHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeauty Your email address will not be published. Required fields are marked * Make a comment Name (required)  Mail (required) (not be published)  Website  Subscribe faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Top of the News center_img Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy 5 recommended0 commentsShareShareTweetSharePin it About 750 walkers and runners braved a heatwave to participate in the Descanso Gardens 5K Fun Run & Walk on Saturday, June 20. The walk and run got under way in the relative cool at 7:30 a.m. and followed a course winding through the 160-acre Gardens. The event raised $5,000 for Descanso Gardens.“It was a great event, and for a first-time run, we had a really good response,” said run coordinator Ryan Kugler. The run was produced by A5 Events of Burbank, which coordinates charity walks and runs. “Descanso is a great property with great trails, and this introduces it to a new audience,” he said.“Running is not an activity we allow in the Gardens every day because we are a botanic garden, not a recreational park,” said Juliann Rooke, Descanso chief operating officer. “I think people really enjoyed the chance to bring their passion for running and walking to this beautiful location in the cool of the morning. It was a great way to start the weekend!”Vendors and informational booths added to the festive vibe of the morning. Cedars Sinai Medical Center hosted a blood drive at the event. Martin Riese of Patina Restaurant Group and the nation’s first “water sommelier” provided samples of bottled H2O from around the world for the parched participants. And Assemblyman Mike Gatto (D-Glendale) issued a proclamation to Descanso Gardens in support of the event.Founded as a public garden in 1953, Descanso Gardens is located at 1418 Descanso Drive, La Cañada Flintridge. Descanso Gardens is a member-supported garden accredited by the American Association of Museums. Admission is $9 for adults; $6 for seniors and students with a school I.D.; $4 for children 5 to 12, and free for age 4 and younger. Join Descanso Gardens and enjoy free admission and early entry year-round. Descanso Gardens is open daily (closed Christmas) from 9 a.m. to 5 p.m., with extended summer hours from 5 to 8 p.m. Tuesdays, Wednesdays and Thursdays, June 18 to Aug. 20. For information, call (818) 949-4200 or visit First Heatwave Expected Next Week Business News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday More Cool Stuff Community News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Shannon Bill passed

first_imgNewsBreaking newsBusinessShannon Bill passedBy Bernie English – July 16, 2014 704 Newly appointed Shannon Airport chief executive, Neil PakeyTHE FINAL step in creating the new group which will merge Shannon Airport and the former Shannon Development has been take.Sign up for the weekly Limerick Post newsletter Sign Up The ‘Shannon Bill’ was passed by the Seanad on Tuesday evening, having earlier been voted through the Dáil.The Bill will pave the way for formally establishing the Shannon Group, which will combine the now independent Shannon Airport with the property ownership and management activities of Shannon Commercial Enterprises Limited, as well as Shannon Heritage and the International Aviation Services Centre (IASC), which builds on the aviation related activities already located at the Airport and in the Shannon Free Zone area.Said Shannon Airport Chairman Rose Hynes, “The passing of the Shannon Bill by both Houses of the Oireachtas are essential steps along the way to the creation of the Shannon Group plc. We warmly welcome this and look forward to the Bill being enacted into law by President Higgins.“The separation of Shannon Airport in January of last year was the first of two key phases in the creation of the Shannon Group plc. Our success in stemming five years of successive passenger decline at the airport in 2013 and moving very much into growth mode this year signals the ambition and drive that will be brought to bear at the new Shannon Group.”Said Shannon CEO Neil Pakey, “The passing of the legislation brings the creation of the Shannon Group plc ever closer. The structures and executive team are already in place so we are very much in a state of readiness to hit the ground running once the dynamic new Group is formally established.“We look forward to the exciting challenge ahead of making the Group, with Shannon Airport at its core, a catalyst for growth for the wider region.” WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Linkedin Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Twitter Print Facebook Previous articleEnter the world of Landscape PoetryNext articleVIDEO – Killers hear of Collins family grief as life sentences begin Bernie Englishhttp://www.limerickpost.ieBernie English has been working as a journalist in national and local media for more than thirty years. She worked as a staff journalist with the Irish Press and Evening Press before moving to Clare. She has worked as a freelance for all of the national newspaper titles and a staff journalist in Limerick, helping to launch the Limerick edition of The Evening Echo. Bernie was involved in the launch of The Clare People where she was responsible for business and industry news. Advertisementcenter_img Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” TAGSairportfeaturedlimerickShannon Limerick Ladies National Football League opener to be streamed live Vanishing Ireland podcast documenting interviews with people over 70’s, looking for volunteers to share their stories Email WhatsApp RELATED ARTICLESMORE FROM AUTHOR Limerick’s National Camogie League double header to be streamed live last_img read more

Worldwide Biogas Upgrading Industry to 2025 – The Need to Reduce Greenhouse Gas Emissions…

first_imgLocal NewsBusiness Twitter Facebook Pinterest Worldwide Biogas Upgrading Industry to 2025 – The Need to Reduce Greenhouse Gas Emissions Worldwide is Driving Growth – WhatsApp WhatsApp Facebook Pinterest Twitter Previous articleWhat’s One of the Best Ways to Celebrate Valentine’s Day with Your Dog? Making or Buying Them a Special Treat, Survey of Dog Owners FindsNext articleStocks climb in calmer trading, while silver prices jump Digital AIM Web Support TAGS  By Digital AIM Web Support – February 1, 2021 last_img read more

Home help service in Donegal on brink of crisis if action isn’t taken –…

first_img Facebook WhatsApp Google+ Twitter Twitter Guidelines for reopening of hospitality sector published Home help service in Donegal on brink of crisis if action isn’t taken – Doherty Homepage BannerNews GAA decision not sitting well with Donegal – Mick McGrath Calls for maternity restrictions to be lifted at LUH WhatsApp Pinterestcenter_img Previous articleTrial of Julian Cuddihy charged with murdering his parents starts todayNext articleShane McClafferty: Gaeltachta title means an awful lot to Downings admin LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Facebook Pinterest A Donegal Deputy is warning that a serious crisis in home help services in Donegal is inevitable if action isn’t taken by the Government.Figures obtained by Sinn Fein from the HSE have revealed that the number of home help hours delivered in Donegal last year was 6% more than anticipated. This equates to 37,200 extra hours that had not been budgeted for.The figures have also revealed that the total number of home help hours provided in the first three months of this year is up by almost 11,000 compared with the same period last year.Donegal Deputy Pearse Doherty is urging the Government to step in :Audio Player Up/Down Arrow keys to increase or decrease volume. RELATED ARTICLESMORE FROM AUTHOR By admin – June 7, 2016 Almost 10,000 appointments cancelled in Saolta Hospital Group this week Google+ Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

Pádraig Mac Lochlainn urges government to fix fiscal referendum date

first_imgNewsx Adverts WhatsApp Previous articleFamily friend says they are close to finding Mary Boyle’s remainsNext articleMayor wants Youth Councillors to return to council chamber News Highland Google+ 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report By News Highland – March 20, 2012 Sinn Fein has urged the government to name a date for the EU fiscal compact treaty referendum saying that it has had enough time to deliberate on the matter.The call comes after the Social Protection Minister Joan Burton yesterday outlined two possible windows for the timing of the vote – either late-May, early-June or late-June, early July.Donegal Sinn Fein Deputy Padraig MacLochlainn says a firm date should be set now to allow the debate begin in earnest.He says his party would mount a major campaign against what he said was an austerity treaty:[podcast][/podcast] Need for issues with Mica redress scheme to be addressed raised in Seanad also LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Facebook Twitter Pádraig Mac Lochlainn urges government to fix fiscal referendum datecenter_img WhatsApp Pinterest Google+ RELATED ARTICLESMORE FROM AUTHOR Twitter Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook Minister McConalogue says he is working to improve fishing quota Dail hears questions over design, funding and operation of Mica redress schemelast_img read more

Average home mortgage reaches record $402K

first_imgMortgage applications drop as rates rise. (Unsplash)Though applications for home loans fell last week as mortgage rates ticked up, the average loan to purchase a home reached an all-time high.An index tracking applications to purchase homes dropped 5 percent, seasonally adjusted, last week from the prior week, according to the Mortgage Bankers Association. The metric was unchanged the week before.But as home prices continue to soar as supply remains low and strong demand persists, homebuyers are seeking loans for record amounts. The average size of a purchase loan reached $402,200 last week, up from $398,600 the week before. That’s the highest in the MBA survey’s 30-year history.Read moreLow rates give home refinancings a boostVicious cycle creates “huge supply crunch,” pushing home prices upUS home prices surged 9.5% in November Share via Shortlink Full Name* Joel Kan, MBA’s head of industry forecasting, said the increasing loan sizes, plus a higher year-over-year volume of purchase applications, indicates that demand remains strong if a little diminished.“Purchase applications cooled the first week of February, but homebuyers are still very active,” he said in a statement. “Purchase activity was 17 percent higher than last year.”The MBA’s index tracking refinance applications also declined by 4 percent week over week. Kan noted that, similar to purchase loans, volume was up 46 percent compared to the same week in 2020.Kan attributed the weekly declines in both indexes was largely due to mortgage rates increasing yet again as expectations for economic growth pick up momentum.“Treasury rates have been driven higher by expectations of faster economic growth as the COVID-19 vaccine rollout continues,” he said. It’s the fourth time in six weeks that rates have ticked up.The rate for a 30-year, fixed-rate mortgage was 2.96 percent, up from 2.92 percent the week before. It’s the highest rate since November, according to Kan. Jumbo rates dropped 1 basis point week-over-week to 3.11 percent.Contact Erin Hudson Message* Email Address* Tags Housing MarketMortgagesResidential Real Estate Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinklast_img read more