Reverse mortgages can provide much-needed cash for seniors whose net worth is mostly tied up in the value of their home. A reverse mortgage is a loan for homeowners who are age 62 or older and have considerable home equity . It allows these seniors to borrow money against the value of their home and receive funds as a lump sum , a fixed monthly payment, or a line of credit . The entire loan balance becomes due and payable when the borrower dies, moves away permanently, or sells the home. However, there have been some issues associated with reverse mortgages. Aside from the potential for scams targeting the elderly, reverse mortgages have some legitimate risks . Despite recent reforms, there are still situations when a widow or widower could lose the home upon their spouse’s death. There also have been instances in which reverse mortgages have been advertised using false claims. For example, a California-based reverse mortgage broker falsely told potential … [Read more...] about What’s Prohibited in Reverse Mortgage Advertising?
Car will reverse but wont go forward
(Image credit: RM Sotheby's) A rare Mercedes-Benz race car was auctioned for a massive $143 million earlier in May. It has become the most expensive car to ever be sold. The car, a Mercedes-Benz 300 SLR Uhlenhaut Coupé, is just one of the two created in 1955, its auctioneer RM Sotheby's said. "The remarkable 300 SLR was based on the hugely successful W 196 R Grand Prix car which won two World Championships in the hands of Juan Manuel Fangio," Sotheby's added, describing the car as one of the "great jewels of motoring history". The car's auction took place in Stuttgart in Germany on May 5. The winning bid was made by a private collector. “The private buyer has agreed that the 300 SLR Uhlenhaut Coupé will remain accessible for public display on special occasions, while the second original 300 SLR Coupé remains in company ownership and will continue to be displayed at the Mercedes-Benz Museum in Stuttgart," said Marcus Breitschwerdt, head of Mercedes-Benz Heritage. … [Read more...] about This rare Mercedes-Benz is the most expensive car to ever be sold
Tiger Woods allegedly has no memory of driving right before getting into a terrible car crash. According to USA Today , a police affidavit claims the legendary golfer told police in the aftermath of the crash that he didn’t remember driving. Police have gotten a warrant for the car’s black box to see if that will help them learn how the situation unfolded. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football) This morning @LMTLASD responded to a roll-over collision in which @TigerWoods was injured. Please see our statement… pic.twitter.com/cSWOxKZC1w — LA County Sheriffs (@LASDHQ) February 23, 2021 Woods was involved in a horrific single-vehicle rollover crash in Los Angeles County February 23, and he suffered shattered tibia and fibula bones in his right leg. He’s since undergone multiple medical procedures and is on the road to recovery . It is hard to explain how touching today was when I turned on the tv … [Read more...] about Tiger Woods Allegedly Didn’t Remember Driving After Horrible Car Crash
'We expect global edible oil stock levels to take time to recover due to expectations of a prolonged Ukraine-Russia war as well as disruption from adverse weather conditions,' said the analyst. (Photo by Reuters) - A + A KUALA LUMPUR (May 23): Affin Hwang Investment Bank on Monday (May 23) downgraded Sime Darby Plantation Bhd to "sell" (from "hold") as it cut its target price (TP) to RM4.20 (from RM4.95). Affin Hwang analyst Nadia Aquidah said in a note that she lowered her TP for Sime Darby Plantation after earnings forecast revisions and rolling forward her valuation horizon and applying a higher discount rate given that crude palm oil (CPO) prices had likely peaked and the potential risk of a reverse in foreign shareholdings. Meanwhile, she said Sime Darby Plantation’s core net profit of RM813 million (+62.3% year-on-year) for the first quarter ended March 31, 2022 (1QFY22) came in within her expectations. She made no changes to her FY22 core earnings per … [Read more...] about Affin Hwang downgrades Sime Darby Plantation, lowers target price to RM4.20
Share to Twitter Share to Linkedin One night around 2007, Michael Odupitan and his friend, Terry Fulton, were sitting out on the stoop, enjoying the evening in Lake Worth, Fla. Lake Worth is a neighborhood technically within West Palm Beach, but a whole universe away from the mansions and glittering promenades. In fact, at the high school Odupitan and Fulton attended, two competing gangs had recently emerged. Rap music was helping to create a narrow, violent vision of what young people’s lives could be, Odupitan says. The friends had managed to stay somewhat removed, as athletes. But they still weren’t safe. There had already been shootings. As they bantered back and forth, they saw a car rolling down their street. Then, ominously, the headlights went off. They dove into the bushes. They crawled out a little while later, and that night they said, as they’d said before: “We have to get out of this community.” At that moment, not many people … [Read more...] about Topeka University Recruited A Football Player. What They Got Was A Community Leader.
- A + A SHANGHAI/BEIJING (May 22): Shanghai reopened a small part of the world's longest subway system on Sunday, after some lines had been closed for almost two months, as the city paves the way for a more complete lifting of its painful Covid-19 lockdown next week. With most residents not allowed to leave their homes and restrictions tightening in parts of China's most populous city, commuters early on Sunday needed strong reasons to travel. Shanghai's lockdown and curbs in other cities have battered consumption, industrial output and other sectors of the Chinese economy in recent months, prompting pledges of support from policymakers. Many who ventured out in the commercial hub wore blue protective gowns and face shields. Inside the carriages, passengers were seen keeping some empty seats between themselves. Crowds were small. Xu Jihua, a migrant construction worker, arrived at a subway stop before it opened at 7 a.m., hoping to get to a rail station, then … [Read more...] about Shanghai reopens some public transport, still on high Covid alert
Prime Minister Datuk Seri Ismail Sabri Yaakob (Photo by Zahid Izzani/The Edge filepix) - A + A KUALA LUMPUR (May 22): The weekly Cabinet meeting will be brought forward to Monday (May 23) to discuss cost of living and food supply issues, said Prime Minister Datuk Seri Ismail Sabri Yaakob. He said the Domestic Trade and Consumer Affairs Ministry (KPDNHEP) and Agriculture and Food Industries Ministry (MAFI) would brief the Cabinet on these issues, including short- and long-term plans to overcome these problems. “So, on Monday I'm calling a Cabinet meeting to specifically look into how we can balance this sudden increase in food prices; I've asked KPDNHEP to present (a report). “The same for food (issue); MAFI needs to report on the supply of food including chicken," he told a press conference after opening the Symposium on Internationalisation of Bahasa Melayu at Dewan Bahasa dan Pustaka (DBP) here on Sunday (May 22). Ismail Sabri said the anticipated increase … [Read more...] about Cabinet to meet on Monday on cost of living, food supply issues, says PM
It can be difficult to see a way out of the current cost-of-living crisis. Prices continue to rise, and there are fears that if nothing changes, many families will face serious financial hardship . advertisement advertisement The effects of this will be devastating. Poverty causes premature death , poor nutrition , disease, and exhaustion . In the face of this bleak outlook, there is an urgent need for effective leadership to bring about change—but not just from governments. Businesses too can play a crucial role. One of the single-most-important things any company can do to reduce poverty is to pay its employees a living wage . Our new report demonstrates in detail how a living wage not only benefits employees and workers, but also employers and society as a whole. Receiving a living wage helps to break cycles of poverty by ensuring that pay is sufficient to cover household essentials as well as occasional emergencies or unexpected … [Read more...] about A living wage doesn’t just benefit workers. It benefits businesses and society, too
The HipChat team gets a lot of value out of bots because we know when to use them and when apps are a better choice. To be fair, not every team spends their days obsessing over the ins and outs for group messaging platforms like we do, so sometimes it isn’t always clear what to automate–or even what the options are. advertisement advertisement But you don’t have to be an engineer to squeeze the most productivity out of your team on whichever collaborative platform your company uses. It’s all about deciding what type of task you need to complete. Here’s how we make that call, then look for the right means of automating it–or not. To Bot Or Not To Bot? First, some semantics: Almost every service bot you encounter in a chat service–whether it’s to order an Uber within a room, receive notifications from PagerDuty, or track customer activities on Salesforce–is what’s known as a “full” service outside of the chat platform itself. In these situations, the … [Read more...] about Bot Or Not: How HipChat Uses Automation For Team Productivity
NCAA rookie MVP Rhenz Abando. NCAA/GMA PHOTO Rhenz Abando clutched his MVP trophy at center court, but the finest baller of the NCAA Season 97 men’s basketball tournament wanted a far bigger prize than the most prestigious individual reward. “I’m very happy, but our job is not yet done. I’m not contented with these awards, it wasn’t even planned. I have only one goal and that is to win the championship,’’ said Abando, who likewise captured the Rookie of the Year accolade and installed himself in the Mythical Five selection. Abando’s craving for a collegiate title didn’t pan out at the University of Santo Tomas in the UAAP and his transfer to the defending champion Letran Knights could make that dream a reality. “We were short the last time I played in the Finals. My main goal for transferring here is to finally get a (championship) trophy,’’ said Abando, who compiled a players average value of 48.44 points after logging averages of 15.73 points, 6.36 rebounds, 1.73 assists … [Read more...] about Rhenz Abando happy with individual awards but only goal is to win NCAA title