Saturday, March 2, 2013

Court of Criminal Appeal: Legal Diary March 4th ? 8th 2013 ...

For Monday 4th March 2013 in Court 22 Criminal Courts of Justice, Messrs Justice?O?Donnell, Moriarty and Ms Justice Dunne sit at 11 o?clock to hear?92/09 DPP v Keith Cunningham.?The Appellant is appealing his conviction, alongside a motion before the court. As noted before last week?s callover:

Keith Cunninghan, a 20-year-old Drogheda man, was given a mandatory life sentence by Mr Justice Paul Carney after being convicted by a 10 to two majority of the murder of Des Kimmins in December 2007. Mr Cunningham admitted manslaughter but denied murder.

At trial the court was told that the deceased?was stabbed during an argument which arose when?he arrived in the early morning at a house where his daughter was being cared for by Mr Cunningham and his girlfriend at the home of the deceased?s ex-partner.?Mr Cunningham claimed he was acting in defence of his baby daughter who he believed was in the kitchen at the time.?Mr Kimmins died at the scene having suffered a blood clot around his heart as a result of the stab wound to his chest.

The CCA will also hear an Enlargement of Time Application in?44CJA/13 DPP -v- Andrew Brady.?Per Order 86, Rule 8 of the Rules of the Superior Courts:

IV. Enlargement of time for appealing.

8. (1) Except in cases where steps are required by statute to be taken in the Central Criminal Court or in the Circuit Court, the Court shall have power to enlarge the time appointed for doing any act or taking any proceeding upon such terms (if any) as the justice of the case may require, and any such enlargement may be ordered although the application for the same is not made until after the expiration of the time appointed.

(2) An application to the Court for an enlargement of time within which notice of appeal or notice of application for leave to appeal may be served shall be in the Form No. 5.

(3) The form of application shall, in addition to specifying the grounds of such application, also specify the grounds on which the applicant proposes to base his appeal or application for leave to appeal.

For Thursday 7th March 2013 in the Hugh Kennedy Court?Mr. Justice Hardiman sits at 10.15 o?clock when?250CPA/12 DPP -v- Joseph O?Reilly is listed for mention. Mr O?Reilly, no stranger to the news media, was convicted of and given?a life sentence for the murder of his wife Rachel O?Reilly in the Naul in Dublin in 2004. The Appellant appealed his conviction, heard by the CCA in 2009, on the grounds that evidence used in his trial including phone records and emails should not have been admissible. The CCA, in a judgment by then Chief Justice John Murray, ruled the appeal was not well-founded.

Mr O?Reilly has now lodged an application under Section 2 of the Criminal Procedure Act 1993 to have his conviction declared a miscarriage of justice.?Section 2 provides that a person who remains convicted after appeal may apply to the court to have their conviction quashed based on alleged ?new or newly discovered facts? that show a miscarriage of justice occurred.?This is one of the last legal avenues that remain open.

At 10.30 o?clock Judge Hardiman will sit for the callover?of cases listed for hearing on Monday 11th March 2013:?211/10 DPP v Vera McGrath,?110/12 DPP -v- Brian Doolan and?162/12 DPP -v- Christopher Ayiotas.

Vera McGrath was?found guilty in 2010 of the murder of her husband?Brian McGrath at their home in Coole in Westmeath in 1987. A?jury of eight men and three women deliberated for more than nine hours before convicting by a majority of ten to one. Ms McGrath?s?former son-in-law, Colin Pinder, was convicted of the manslaughter of Mr McGrath.

The?murder conviction was the first for the cold case unit the Garda Serious Crime Review Team. The prosecution hinged on the evidence of the Appellant?s daughter, Veronica McGrath who?told Gardai her father had died following an attack involving a lump hammer, a slash hook, a spanner and a monkey wrench. The defence alleged Veronica??was more involved in the killing than she had admitted in court.

For Friday 8th March 2013 in the Hugh Kennedy Court Messrs Justice?MacMenamin,?Moriarty and?deValera, at a time to be confirmed will sit for Judgment in?28/09 DPP -v- David Timmons. As noted at the hearing of this sentence appeal:

David Timmons, aged 27 of Balbriggan, was found guilty by a jury of conspiring, along with others, to possess 8.83 kilograms of cocaine, which Gardai found hidden in a truck full of quilts at a furniture Store in Dublin.?Judge Patricia Ryan jailed Timmons for eight years.

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Source: http://cosaint.wordpress.com/2013/03/02/court-of-criminal-appeal-legal-diary-march-4th-8th-2013/

DEWA becomes first government organization in region to win ...

DEWA was presented this prestigious award, as the first organisation in the Middle East and Africa to be presented this award, in recognition of its implementing the best risk management mechanisms and adopting the best global practices in accordance with the ISO 31000 risk management standard.

DEWA won the award after a strong competition from 350 organizations short-listed following a rigourous evaluation process. DEWA competed against nominations from around the world including America, Asia, and Europe.

HE Saeed Mohammed Al Tayer, MD and CEO of DEWA, received the award for DEWA, at the Global Risk Awards ceremony held at the Grand Connaught Rooms in London, UK, on 28 February, 2013, which was attended by leaders from over 350 organisations that specialise in Risk Management.

HE Abulrahman Al Mutaiwee, UAE ambassador to the UK, and a delegation from DEWA including Waleed Salman, Executive Vice President of Strategy and Business Development, Ali Al Muwaijei, Senior Specialist for Corporate Risk Management, Nasser Abbas, Senior Director-Treasury, and Kenneth McKeown, from Enterprise Risk Management, attended the ceremony.

"The international success of DEWA at the Global Risk Awards, judged by eminent experts from around the world, is a testament to the success of our vision to become a sustainable world-class utility, and in line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to further improve the competiveness of government organisations and promote Dubai as a global hub for trade, finance and tourism," said Al Tayer.

"By winning one of the most prestigious risk management awards, we have proven to be a leading organization in applying and implementing the latest international standards in the field of risk management. We are committed to enhancing our organizational performance, DEWA is currently applying the best international standards in the field of risk management," added Al Tayer.

"DEWA has achieved results that rival and even beat benchmarks for the private sector, surpassing 10 of the best European and American companies in efficiency, availability and reliability. Network line loses were recorded at 3.5% in electricity, and 10.8% in water, which is considered an international achievement, as well as using the best possible power production and desalination equipment. DEWA's successes have contributed significantly to the UAE's occupying the 7th place globally for ease of access to electricity in the World Bank's Doing Business 2013 report," he aconcluded.

"DEWA effectively contributes to the social, economic and environmental development of Dubai by providing uninterrupted and stable electricity and water services, to achieve the vision of Dubai. We analyze risks in order to ensure safety for our employees and our business. Risk management is closely integrated with strategic planning, aimed at minimizing risks to ensure the continual success of our strategy and long-term operational plans. By mitigating risks, we prevent them from becoming key obstacles to the achievement of our corporate objectives on the short and long term," added Al Tayer.

"DEWA's accolade recognizes the its commitment to ensuring that its risk management function has the skills and knowledge needed to play a vital role in enhancing business performance, both now and in the future by investing in the development of their people. It is also clear evidence that DEWA's risk management activities have added value to their organization, leading to demonstrable improvements in business performance and results," concluded, Al Tayer.

"Winning this award is based on our top management's strong belief in the importance of risk management as well as their visionary plan to build up a sound governance system to manage risks and disseminate the concept of risk management effectively at DEWA. It comes also as result of a comprehensive plan to train the coordinators of jobs relevant to risk management. The collaboration of all DEWA divisions to implement this methodology in an integrated way can determine and identify risks affecting operational, financial, strategic, environmental, health and safety aspects. This sets precautionary and preventive plans to deal with such risks. All these are a clear testimony of DEWA's relentless pursuit to adopt best global practices to maintain our continuous commitment to excellence," said Salman.

Source: http://www.ameinfo.com/dewa-government-organization-region--win-331682

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On video: SAfrican police drag man, who later dies

JOHANNESBURG (AP) ? They bound his hands to the rear of a van, and then sped off, dragging the slender taxi driver along the pavement as a crowd of onlookers shouted in dismay. The man was later found dead.

A gut-wrenching video of the scene is all the more disturbing because the men who abused the Mozambican immigrant were uniformed South African police officers and the van was a marked police vehicle.

The graphic scenes of the victim struggling for his life shocked a nation long accustomed to reports of police violence.

"The visuals of the incident are horrific, disturbing and unacceptable. No human being should be treated in that manner," said South African President Jacob Zuma.

The Daily Sun, a South African newspaper, posted video the footage Thursday and it was quickly picked up by other South African news outlets and carried on the Internet. It sparked immediate outrage about police behavior.

"They are there for safety, but we as a people fear them more," said Johannesburg resident Alfonso Adams. "You don't know who to trust anymore."

Some of those in the crowd who watched the scene unfold in the Daveyton township east of Johannesburg shouted at the police and warned that it was being videotaped. The police did not seem at all concerned by all the witnesses and the presence of cameras as they tied Mido Macia, a 27-year-old from neighboring Mozambique, to the back of a police vehicle, his hands behind his head. At least three policemen participated in the incident. Macia was found dead in a Daveyton police cell late Tuesday.

"We are going to film this," several onlookers shouted in Zulu as the police tormented Macia. One bystander can be heard on the videotape shouting in Zulu: "What has this guy done?"

The video can be seen at: http://bit.ly/ZDOj0A

A murder probe is underway on the evidence that Macia suffered head and upper abdomen injuries, including internal bleeding, the Independent Police Investigative Directorate, the police watchdog agency, said Thursday. The injuries could be from the dragging and he could also have been beaten later in police custody.

"The allegations are that he was dragged behind a vehicle and his head was bent on the police vehicle. There are also allegations of assault," said the investigative unit's spokesman Moses Dlamini.

The video evidence of the abuse renewed concerns about brutality, corruption and other misconduct by a national police force whose reputation has suffered in recent years amid reports that many officers lack training. Some have been charged with committing the crimes they are supposed to prevent, including rape and murder.

"As horrific as it is, it is not exceptional. Hardly a week goes by without such stories of brutality," said Jacob van Garderen, national director of Lawyers for Human Rights.

At first, Macia, dressed in jeans and a red T-shirt, is dragged along the road by the vehicle at slow speed, the footage shows. He awkwardly tries to keep step even though he is almost horizontal above the ground. Then the van stops, two policemen pick up the legs of the taxi driver and drop them to the ground as the van picks up speed and drives off, beyond the view of the camera.

The police watchdog agency said the incident started just before 7 p.m. on Tuesday when the cab driver was allegedly obstructing traffic with his vehicle. Then Macia allegedly assaulted a constable and took his weapon before he was overpowered, the police investigative unit said.

Macia was found dead in a cell over two hours later by another policeman, according to the watchdog agency.

National Police Commissioner Riah Phiyega "strongly condemned" what happened. South Africans are "urged to remain vigilant and continue to report all acts of crime irrespective of who is involved," said Phiyega in a statement.

Phiyega has tried to upgrade the reputation of the South African police since her appointment last year. Last month, Phiyega told a group of police officials the standing of the force "has been severely but not irreparably tarnished over the past several years."

The problems, though, are immense for a police force that has expanded from some 120,000 to almost 200,000 over the last decade, "often failing to match the increase in quantity with sufficient quality," said Johan Burger, who served for 36 years on the force before becoming a senior researcher at the Institute for Security Studies.

Several experts contacted by The Associated Press also said that in recent years there has been an increasing willingness to use a shoot-to-kill approach to the crime and violence.

An average of 860 people a year died in police custody or as a result of police action between 2009 and 2010, up from 695 a year from 2003 to 2008, according to Burger of the security studies institute.

Further staining the reputation of the police is the Marikana shootings when, on Aug. 16, 2012, a line of South African police opened fire on a crowd of striking miners, killing 34 at a platinum mine northwest of Johannesburg. A judicial commission is investigating allegations that many were killed in a rocky hill, near the much-filmed initial scene of the attack, shot in the back as they tried to escape.

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Associated Press Writer Michelle Faul contributed to this story.

Source: http://news.yahoo.com/video-safrican-police-drag-man-later-dies-091759847.html

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Dartmouth neuroscientist finds free will has neural basis

Dartmouth neuroscientist finds free will has neural basis [ Back to EurekAlert! ] Public release date: 1-Mar-2013
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Contact: John Cramer
john.d.cramer@dartmouth.edu
603-646-9130
Dartmouth College

A new theory of brain function by Peter Ulric Tse, a professor of cognitive neuroscience at Dartmouth College, suggests that free will is real and has a biophysical basis in the microscopic workings of our brain cells.

Tse's findings, which contradict recent claims by neuroscientists and philosophers that free will is an illusion, have theological, ethical, scientific and legal implications for human behavior, such as whether people are accountable for their decisions and actions.

His book shows how free will works in the brain by examining its information-processing architecture at the level of neural connections. He offers a testable hypothesis of how the mental causes the physical. In contrast with philosophers who use logic rather than data to argue whether mental causation or consciousness can exist, he explores these issues by starting with neuroscientific data.

Recent neurophysiological breakthroughs reveal that neurons evaluate information they receive, which can change the way that other neurons will evaluate information and "fire" in the future. Tse's research shows that such informational causation cannot change the physical basis of current information, but it can change the neuronal basis of future mental events. This gets around the standard argument against free will that is based on the impossibility of self-causation.

Tse lays out his argument in his new book titled "The Neural Basis of Free Will" -- https://mitpress.mit.edu/books/neural-basis-free-will

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He is available to comment at Peter.U.Tse@dartmouth.edu.


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Dartmouth neuroscientist finds free will has neural basis [ Back to EurekAlert! ] Public release date: 1-Mar-2013
[ | E-mail | Share Share ]

Contact: John Cramer
john.d.cramer@dartmouth.edu
603-646-9130
Dartmouth College

A new theory of brain function by Peter Ulric Tse, a professor of cognitive neuroscience at Dartmouth College, suggests that free will is real and has a biophysical basis in the microscopic workings of our brain cells.

Tse's findings, which contradict recent claims by neuroscientists and philosophers that free will is an illusion, have theological, ethical, scientific and legal implications for human behavior, such as whether people are accountable for their decisions and actions.

His book shows how free will works in the brain by examining its information-processing architecture at the level of neural connections. He offers a testable hypothesis of how the mental causes the physical. In contrast with philosophers who use logic rather than data to argue whether mental causation or consciousness can exist, he explores these issues by starting with neuroscientific data.

Recent neurophysiological breakthroughs reveal that neurons evaluate information they receive, which can change the way that other neurons will evaluate information and "fire" in the future. Tse's research shows that such informational causation cannot change the physical basis of current information, but it can change the neuronal basis of future mental events. This gets around the standard argument against free will that is based on the impossibility of self-causation.

Tse lays out his argument in his new book titled "The Neural Basis of Free Will" -- https://mitpress.mit.edu/books/neural-basis-free-will

###

He is available to comment at Peter.U.Tse@dartmouth.edu.


[ Back to EurekAlert! ] [ | E-mail | Share Share ]

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AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Source: http://www.eurekalert.org/pub_releases/2013-03/dc-dnf030113.php

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Friday, March 1, 2013

Economic and political aftershocks expected from Italy's surprise ...

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Beppe Grillo's Five Star Movement won the most seats in Italy's Parliament, pictured above, in recent elections. (Photo by Manfred Heyde via Wikimedia Commons.)

Italy is facing political gridlock, while Europe contemplates the political and economic consequences of Italian voters ousting the country's internationally popular technocrat prime minister in favor of candidates who vow an end to austerity and more benefits for all Italians.

European leaders had a good thing going with Mario Monti leading Italy.

A technocrat committed to the European agenda of austerity and reform, Monti, it was felt, was making progress in getting Italy?s economy back on track.

But Monti and his followers failed to make their case to Italian voters.

?The thing they didn?t explain is why it?s necessary to face the austerity measures in order to stay within the eurozone,? Paola Subbachi, a research director at Chatham House in London, told the BBC.

She says that instead, Italians chose the kind of anti-Europe rhetoric embraced by Silvio Berlusconi?s party, and Beppe Grillo?s Five Star Movement.

?The Five Star Movement expressed the mood of the nation," Subbachi said. "And I think it?s 60 percent of the nation saying the euro hasn?t been such a good thing. But the thing is that there are no proposals, no policies or ideas on how to move the country out of this deadlock.?

Grillo's Five Star Movement won the most seats in Congress, but not enough to govern alone. So it'll need to partner with another group, perhaps Berlusconi?s resurgent party, or perhaps not. No answers have emerged yet.

And so Italy faces a potentially lengthy period of political instability ? even more political instability than usual. After all, Italians have gone to the polls more than 60 times since the end of World War II.

But this latest episode comes at critical economic juncture for the country. And the result ? political gridlock ? is anything but cause for optimism, says Paul Mortimer-Lee of BNP Paribas.

?It?s very bad for Italian growth,? he said. ?Firms will delay investment, households will delay big-ticket purchases, foreigners will put less money in Italy, the rating agencies will be wondering if they need to downgrade Italy, and Italian borrowing costs will rise substantially.

?This is going to knock a half to one percent off of Italian growth this year, and this is an economy that is already shrinking,? Lee said.

And that?s not just bad news for Italy, which is the third largest economy in the eurozone, says Johan van Overtveldt, the author of ?The End of the Euro.

?Italy is close to 20 percent of the eurozone economy,? he explained. ?That means if things start to go really bad there, we will feel it in all the other eurozone countries, but also in the rest of the world as well.?

That includes right here in the United States, where the economic recovery is shaky. Massive budget cuts loom at the end of this week ? our own kind of self-imposed austerity measures.

Throw in a new bout of economic crisis in Europe, and you?re bound to get a bit queasy if you?re, say, the chairman of the Federal Reserve, says Steven Englander of Citibank in New York.

?If you?re Ben Bernanke, you?re sitting at the Fed saying, ?Look this isn?t over, there is the still the potential for negative shocks to come from outside the U.S., and we need this buffer to make sure that our economy, which is just beginning to get its footing, doesn?t get hit by these shocks from abroad,?? Englander said.

In public, most European officials are expressing hope that Italy can form a government, and get on with its reforms.

But that doesn?t sound like something many Italians are interested in right now.

And in other countries that have been through the ravages of austerity in the past few years, there is sympathy. Some in Greece, for example, are now asking ? ?Where?s OUR Beppe Grillo??

Anton LaGuardia, with The Economist in Brussels, told the BBC that the Italian election results are a rude awakening for leaders in Brussels and Berlin.

?It?s easier to bully smaller countries like Greece. It?s much harder to bully Italy, because if Italy goes down it?s too big to save, to big to bail out, and frankly too big for the euro to survive the shock,? La Guardia said.

Last summer, Mario Draghi, the head of the European Central Bank, said he would do ?whatever it takes? to save the euro.

In a speech Wednesday, Draghi, who himself is Italian, didn?t mention his native country at all.

But he did say that the austerity measures being implemented in Europe are coming ?at a heavy social cost.?

And those costs, van Overtveldt says, are giving rise to protest.

?Unemployment is rising ? especially youth unemployment ? for more and more European countries, and that?s a huge problem," he added. "It?s to be expected that the anti-European, anti-German mood will be increasing in the coming months.?

Van Overtveldt says that if there?s one other lesson to take away from the Italy situation, it?s this:

The European project ? a unified political and economic zone with policies coordinated across dozens of counties ? is still far from being a done deal.

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"PRI's "The World" is a one-hour, weekday radio news magazine offering a mix of news, features, interviews, and music from around the globe. "The World" is a co-production of the BBC World Service, PRI and WGBH Boston. More about The World.

Source: http://www.pri.org/stories/politics-society/government/economic-and-political-aftershocks-expected-from-italy-s-surprise-election-results-13108.html

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Guest Post Wednesday: 5 Benefits of VA Home Loans

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This guest post is brought to you by Tali Wee of Zillow.??

(If you?re interested in writing a guest post, please see our?guest posting guidelines.)

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Veterans and active-duty service members who are considering purchasing a home should evaluate the significant advantages of Veterans Affairs home loans (VA loans). These loans are easier to qualify for than conventional loans and typically include more favorable terms for borrowers.

VA loans are funded by private lenders and guaranteed by the U.S. Department of Veterans Affairs. The department backs VA loans because the loan terms support veterans in purchasing affordable homes. The department doesn?t loan money to borrowers. However, if a borrower defaults on a VA loan the department promises to cover any losses incurred by the lender. Such risk reduction allows lenders to consider applicants who otherwise may have been denied due to poor credit or other risky variables.

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1. No Down Payment

One of the most difficult hurdles of affording a home is coming up with the initial costs of a mortgage. Conventional loans require down payments ranging from 5 percent to 20 percent of the sale price of the home. For instance, a down payment for a $200,000 home would cost at least $10,000 and typically $40,000 before closing costs. An enormous advantage of a VA loan is that the buyer is not required to pay a down payment, making homeownership much more feasible.

VA loans offer 100 percent financing with two firm boundaries. First, the home?s sale price cannot exceed its appraised value. Secondly, the U.S. Department of Veterans Affairs limits the total loan amount based on the county of the home. The most common VA loan amount is capped at $417,000. However, in a few counties loan maximums can be as large as $1,094,625. If the sale price of the home exceeds the VA loan limit, borrowers can offer the difference as a down payment. Otherwise, VA loans do not require a down payment.

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2. No Private Mortgage Insurance (PMI)

For most loans, a buyer who offers a down payment that is less than 20 percent of the sale price of the home is required to pay private mortgage insurance (PMI). This insurance protects the lender?s investment because the borrower contributes such a minor portion of the total home purchase upfront. The cost of PMI typically ranges from .19 percent to 1 percent of the total loan amount. In general, borrowers continue paying monthly PMI until they?ve earned 20 percent equity in the home.

Although borrowers using VA loans contribute zero percent down, the risk to the lender is reduced because the Department of Veterans Affairs guarantees the loan amount. Therefore, VA loans do not require PMI despite being fully financed.

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3. Limited Closing Costs

VA loans reduce the initial costs of purchasing a home by eliminating the down payment and limiting the closing costs payable by the buyer. VA loans prohibit closing costs associated with mortgage broker fees, real estate agent commissions, pest inspections and any attorney fees unrelated to the title of the property.

The U.S. Department of Veterans Affairs allows closing costs to include appraisal fees, credit report fees, taxes, insurance and a lender origination fee of 1 percent of the total loan amount. If lenders charge an origination fee, they are not allowed to charge fees related to escrow or underwriting. Without an origination fee, lenders can charge itemized closing costs including escrow and underwriting fees, but not exceeding a total of 1 percent of the loan amount.

One mandatory closing cost is the funding fee charged by the U.S. Department of Veterans Affairs. This fee ranges in price based on multiple variables but generally does not exceed 3 percent of the loan amount. For instance, borrowers of standard VA loans ($417,000) paying the full 3 percent funding fee would owe $12,510. If the borrower pays some down payment, the funding fee will be reduced. Unlike PMI, this fee can be included in the closing costs paid by the seller. Additionally, the funding fee is not required upfront and is typically wrapped into the loan amount to be paid over the life of the loan.

VA loans allow the seller to pay a total of 6 percent of the closing costs and concessions of the transaction. The loan can be structured to increase the purchase price of the home to enable the seller to pay the closing costs. Again, the U.S. Department of Veterans Affairs limits the total cost of the loan and will only guarantee the loan if the home is appraised at or below the purchase price. Thus, closing costs on a VA loan can be reduced or eliminated with meticulous loan terms.

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4. No Penalty for Prepayment

Depending on the terms of a loan, some borrowers are charged fees for paying their mortgages ahead of schedule. VA loans prohibit loan servicers from penalizing borrowers for paying off their mortgages early. Though borrowers may not choose to take advantage of this benefit, it?s an opportunity to save money by reducing the total interest paid over the life of the loan. The sooner the principal of the mortgage is paid down, the less total interest is accumulated.

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5. Payment Assistance Programs

The U.S. Department of Veterans Affairs established plans to assist borrowers who are unable to pay their mortgages on time. First, borrowers should contact their loan servicers as soon as possible delinquencies arise, whether it?s due to reduced earnings, family issues or health problems. VA loans offer the benefit of accessible financial counselors, guidance and programs to support borrowers to get back on track with their payments rather than foreclosing.

These programs include a repayment plan where borrowers continue to make their monthly payments in addition to paying a portion of the delinquent sum until it?s paid off. In another program, the loan servicer agrees to refrain from initiating foreclosure until the borrower can pay off the debt. This agreement program is called Special Forbearance and applies to cases when the borrower expects a lump sum of money in the near future, such as a tax refund. A third option of loan modification wraps the total delinquency into the remaining loan balance and recalculates the monthly mortgage payments.

If the borrower?s solution is to sell the home, one option is for the loan servicer to allow extra time for the borrower to arrange a private sale of the home. This is a better option for servicers who then close full-price sales, and better for borrowers who keep their equity. The loan servicer can also agree to a short sale or a Deed-in-Lieu of Foreclosure to circumvent the foreclosure process. These options are available with the guidance of VA loan technicians who support borrowers in foreclosure avoidance tactics.

In conclusion, veterans, military service members and surviving spouses who are eligible for VA loans have a great financial advantage over civilians using conventional loans. The U.S. Department of Veterans Affairs assists veterans with the reduction of initial home purchasing costs, provides them with the freedom to pay off their debt ahead of schedule and helps salvage their loans if tough times arise. Before committing to a long-term mortgage, borrowers should consider all loan programs available to them and select the option with the most beneficial terms for their circumstances.

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Source: http://the-military-guide.com/2013/02/27/guest-post-wednesday-5-benefits-of-va-home-loans/

Pandora to limit free mobile listening

Feeling the sting from rising royalty costs, Pandora has decided to limit the amount of time listeners can stream tracks before paying the piper. If you?re using the Pandora app on a phone or tablet, you?ll hit the wall at the 40-hour mark, at which time you?ll be asked to fork over 99 cents for the rest of the month.

Will this move pull the plug on the soundtrack to your life? For the vast majority of Pandora?s 65.6 million users, Pandora doesn?t believe so. In a company blog post, the company claims that the average user listens for 20 hours per month on the go, and that overall this move will impact less than 4 percent customers. Still, that?s over 2.5 million people.

The reason Pandora is putting up a paywall now is because the company is being forking over more money for the music it streams to mobile devices. Per-track royalty rates increased 25 percent over the last three years, and they?re expected to jump another 16 percent over the next two years.

Pandora listeners who don?t want to put up with ads or worry about hitting that cap could always upgrade to the premium Pandora One service, which costs $3.99 per month for $36 per year. What remains to be seen is if this limit will cause more music lovers to defect to alternatives like Spotify or the newly redesigned Slacker.

? Via The Wall Street Journal

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Source: http://www.nbcnews.com/technology/gadgetbox/partys-over-pandora-limit-free-mobile-listening-1C8616898