First Active offer 100% mortgages in Ireland

Category : Uncategorized

Thursday, July 14, 2005

First Active has become the first financial institution to offer 100% mortgages in the Republic of Ireland. The bank previously offered 100% financing to professionals in finance and medicine, but is now to offer this product to anyone who can afford to meet the repayments.

The development is a huge boost for first time home buyers who have been struggling to get on the Irish property market in recent years due to the rapid increase in house prices. A typical first time buyer in Dublin with 92% financing would normally have to put down a deposit of €20,000-€30,000 in cash, but now have the option to produce no deposit.

First Active has said that 100% mortgages will be available across its entire range of mortgage products.

Note however that this is not necessarily an entirely positive development.

The United States and most of Europe have experienced a housing price bubble in recent years. A bubble occurs when buyers purchase a property not because its price is appropriate for its actual value but because they expect the price to significantly rise in the short term permitting resale with a profit.

In other words, the prices people pay for properties becomes divorced from the real value of the property; the purchase is speculative and depends purely upon the expectation that people will continue to buy properties in this way (e.g. without proper consideration of their real value).

The terrible weakness in this is that when the market corrects itself and prices fall to a level where properties are being priced at their actual realistic value, anyone holding a property loses a great deal of money, since the price they paid does not reflect the actual realistic value of the property.

This kind of shock to the housing market is extremely undesirable. Significant write downs in the value of property often significantly depress the economy as a whole.

Less than 100% mortgages force buyers to invest a significant amount of money in the act of purchasing their house, which tends to discourage purely speculative purchasing, thus helping to mediate house price bubbles.

With 100% financing, anyone who can meet repayments can speculatively purchase a property. This naturally encourages pricing bubbles.

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Ways To Save Costs On Furnace Repair In Maple Grove

Category : Audio Visual System

byAlma Abell

If you reside in an area that has very cold winters, having a functional heating system in your home is not exactly optional. It can however be difficult to spend a great deal of money on furnace repair. One of the ways by which you can save costs on furnace repair in Maple Grove is by performing regular maintenance. Your heating unit, much like your vehicle, requires constant maintenance in order to keep it functioning at optimum performance.

You can prevent large problems from occurring by spending some money on regular maintenance. Having an expert visit your home to clean your heating unit as well as give it a tune up each year (or every half a year if you reside in a colder region where your furnace works for most of the year) helps to keep your device functioning at peak performance, also you might be able to notice (and at times prevent) problems which will later be more expensive or difficult to fix.

Another way to save costs on furnace repair in Maple Grove is by giving your heating unit some rest. If you are not doing anything to increase your home’s energy efficiency, then you are definitely losing money on paying high prices on utility bills as well as making your heating unit work a lot harder to keep your home warm during periods of very cold weather. Simple updates (such as re-caulking when needed) can make a huge difference with efficiency; also it will make the job of your furnace much simpler.

You can also save costs by checking your unit by yourself. If you are having problems with your heating unit, there are a number of simple things that you can do to solve the problem and avoid the expense of calling for an expert. Ensure that your unit’s pilot light is functioning (there are usually directions on your furnace’s side for re-lighting it when necessary). In addition, check to see if your thermostat is accurate and clean. At times, all that is needed to solve the problem is installing new batteries in the thermostat. You should also look at the fuse box and ensure that your furnace’s circuit breaker is on. If you have checked the basic things and the problem still persists, you can call a professional furnace repair company such as Sabre Heating and Air Conditioning to fix the problem for you.

Interview with Vicky Dhillon, City Council candidate for Wards 9 & 10 in Brampton, Canada

Category : Uncategorized

Thursday, October 26, 2006

The upcoming 2006 Brampton municipal election, to be held November 13, features an array of candidates looking to represent their wards in city council or the council of the Peel Region.

Wikinews contributor Nick Moreau contacted many of the candidates, including Vicky Dhillon, asking them to answer common questions sent in an email. This ward’s incumbent is Garnett Manning; also challenging Manning is Stella Ambler, Mandeep Dhaliwal, Daljit Gill, and Nalem Malik.

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Microsoft claims 235 patent breaches by open source software

Category : Uncategorized

Tuesday, May 15, 2007

Software giant Microsoft’s chief lawyer Brad Smith claimed in an interview published in the magazine Fortune on Monday that open-source software products violate 235 of Microsoft’s patents. The main transgressors are claimed to be Linux (107 patents) and (45), with e-mail programs infringing 15 patents. Microsoft wants royalties to compensate for the patent breaches.

According to Microsoft’s Vice-President of intellectual property and licensing, Horacio Gutierrez, the company wants to negotiate with the open-source companies rather than sue them. “If we wanted to litigate we would have done that a long time ago. Litigation is not an effective way of going about solutions,” Gutierrez said. According to him, Microsoft has over the last years tried to work towards a “constructive” solution to the alleged problem of patent violation.

Microsoft in the past has used the strategy of cross-licensing to get royalties from companies who infringe their patents, for example in their deal with Novell. On a company blog, Novell reiterated that their deal “is in no way an acknowledgment that Linux infringes upon any Microsoft intellectual property.”

“We don’t think that customers will want to continue on without a solution to the problem,” Gutierrez said about Microsoft’s approach to guaranteeing companies that they won’t get sued because they use the allegedly patent-infringing Linux operating system.

The upcoming third version of the GPL licence, the licence under which Linux is released, will prohibit Linux distributors to agree to patent royalty deals. Microsoft called these “attempts to tear down the bridge between proprietary and open-source software that Microsoft has worked to build with the industry and customers.”

A related U.S. Supreme Court ruling from April 30th showed how software patents can be subject to court challenges; basically, if the innovations patented are “obvious”, the patent is weakened. Joe Lindsay, information officer for a mortgage company, pointed out that the Unix code that Linux is based upon preceded Microsoft Windows, which might also be a reason for some patents to be invalid.

Red Hat, the biggest Linux distributor, said in a statement on Monday:

The reality is that the community development approach of free and open source code represents a healthy development paradigm, which, when viewed from the perspective of pending lawsuits related to intellectual property, is at least as safe as proprietary software.

Larry Augustin, former CEO of a company called VA Linux (now VA Software), responsible among other things for launching, an open-source software development community, posted a message on his blog under the title “It’s Time for Microsoft to Put Up or Shut Up”:

If Microsoft believes that Free and Open Source Software violates any of their patents, let them put those patents forward now, in the light of day, where we can all evaluate them on their merits. If not, then stop trying to bully customers into paying royalties to use Open Source.

According to the Fortune report, more than half of the Fortune 500 companies are estimated to use Linux in their data centers.

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Ford offers US$78 million for Romanian auto plant

Category : Uncategorized

Saturday, September 8, 2007

Ford Motor Company, the U.S. car maker, will reportedly pay €57 million (US$78 million) for a 72.4 percent stake in the Romanian assembly plant Automobile Craiova, a Romanian official said Friday.

“The offer of Ford Motor Company for a 72.4 percent stake is €4.1556 per share or €57 million overall,” said Sebastian Vladescu, head of the State Property Agency (AVAS), after opening Ford’s improved offer. Vladescu added that the contract may be signed on September 12, during the auto show in Frankfurt.

The Romanian government bought back the Craiova-based car maker from Daewoo Motors, in late 2006 for US$51 million. As the Korean company was bankrupt, the government had to pay another $10 million for debts stemming from past loans. Ford is the only bidder for the purchase of the factory.

According to Washington Post, many auto-part makers have set up in the new European Union member country, attracted by cheap labor, favourable tax rates and the rising output of Renault’s Dacia plant. The vice president of Dacia, Constantin Stroe, said that the price Ford offers is not important. “It’s important to have the factory working as soon as possible”, he added. “With this production facility, Romania will become an important auto production center in Europe”, concluded Stroe, cited by HotNews.

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Advantages Offered By Online Flower Delivery

Category : Dinnerware

byAlma Abell

With technology more prominent than ever before, the ability to order flowers online is now an everyday occurrence. You can order and have arrangements sent for any occasion from weddings to funerals without ever having to visit a florist. The fact is that there are a number of advantages offered by online Flower Delivery in Charleston, WV, which are highlighted here.

Flowers for Any Occasion

The primary, and most obvious, advantage of online flower delivery service is that you can order arrangements for any type of occasion. You will be able to quickly complete the online order form and then have the flowers delivered on your specified date.

Huge Selection of Flowers

Chances are, when you order your flowers online, you will have a much larger selection to choose from than going to an actual florist. This huge selection of flowers can also be delivered to any destination you desire. Even better, most seasonal flowers will be able to be purchased at much more affordable prices than having to order them directly from a florist.

Expedited Delivery

Another huge advantage of online flower delivery services that they offer quick delivery times. There are a number of florists that will also offer discounts for people who make regular orders with them. While this is an enticing offer, it will also help you to save a significant amount of money on future orders.

When it comes to transport times, they are typically very accurate and those who use this service will be able to view their order prior to completing the order.

Safe and Secure Payments

When you place an order online, most online flower delivery services will offer a safe and secure payment portal. This is something you should make sure of prior to entering any type of personal information.

24/7 Availability

Another big advantage of these services is that you can order any time – day or night. Unlike other florists that are only open specific, set hours, online delivery services will offer 24 hour a day, seven day a week ordering ability to ensure you can get your order completed no matter the time or day of the week.

If you are planning to send flower to someone special, for a special occasion or just because, consider using an online flower delivery service. They offer a number of advantages that you will not receive when you use a traditional florist.

Young Floral Co. offers flower delivery services in Charleston, WV.

Canada’s Don Valley East (Ward 33) city council candidates speak

Category : Uncategorized

This exclusive interview features first-hand journalism by a Wikinews reporter. See the collaboration page for more details.

Saturday, November 4, 2006

On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Don Valley East (Ward 33). One candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Zane Caplan, Shelley Carroll (incumbent), Jim Conlon, Sarah Tsang-Fahey, and Anderson Tung.

For more information on the election, read Toronto municipal election, 2006.

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UK Serious Fraud Office to investigate MG Rover collapse

Category : Uncategorized

Sunday, July 5, 2009

The United Kingdom’s Serious Fraud Office is to launch an investigation into the collapse of car manufacturer MG Rover. The move follows the conclusion of a four-year enquiry started immediately after the firm became insolvent.

The group of four who owned MG Rover — John Towers, Nick Stephenson, Peter Beale and John Edwards — have been accused of asset stripping. The quartet, known as the Phoenix Four, paid a symbolic £10 (approximately €15) for Rover in 2000. At that time the company received an interest-free loan from former owner BMW for £427 million (approximately €700 million) and came with a large amount of unsold stock.

Between then and Rover’s April 2005 bankruptcy, by which time there were unpaid debts of £1 billion (approximately €1.5 billion), the Phoenix Four had removed an estimated £40 million worth of assets including pensions and salaries. An enquiry was launched by ministers that was expected to take a year, but the final report was not delivered to business secretary Lord Mandelson until three weeks ago.

The government used taxpayer’s money to fund a £6 million loan to MG Rover and attempted to negotiate a deal with a Chinese company, but these efforts failed. MG Rover’s collapse caused the loss of an estimated 15,000 jobs, including with various suppliers. A former MG Rover factory does still build a small number of MG sports cars in Longbridge by Shanghai Automotive Industry Corporation, who bought most of the designs.

The Phoenix Four released a statement criticising the criminal investigation. “There has never been any suggestion of improper conduct by the directors and this was confirmed in a report by the administrators PWC six months after they took over the running of the company. Four years on, any suggestion [of] another further investigation is frankly ridiculous and smacks of kicking this issue into the long grass. If the government has been so concerned to get to the heart of the matter why has it flatly refused more than 30 requests under the Freedom of Information Act which would have revealed correspondence and documents the directors believe would have shed some light on the government’s role in the affair?”

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How To Find Out If My Boyfriend Is Cheating On Facebook}

Category : Real Estate

Submitted by: Verny L

One of the biggest things nowadays are social networking sites. Today, almost everyone has a Facebook, Twitter or MySpace account. Girls have to be aware though that these social networking sites can be a tool for your boyfriends to meet other women and cheat on you. To find out if my boyfriend is cheating on Facebook is something that many girls want to know. Here in this article, you will know how to determine if your guy is using the popular social networking site to have an affair on the Internet.

You probably want to know what your boyfriend really is doing in these social networking sites:

whom he is having a regular chat with, whom he is sending private messages to, etc. If he has lots of friends, especially women, you probably want to know also where he met all those girls. The easiest way to find out if my boyfriend is cheating on Facebook is to steal his password and log in his account without him knowing about it of course. This is a very risky method of course and it would require a great level of cunning on your part. You would need some spy skills. A better way is to use a computer software that allows people to spy on other people’s online activities.

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To answer the question how to find out if my boyfriend is cheating on Facebook, you need to be aware of the concept of reverse phone look-up.

This is a technology that allows individuals to determine the senders of emails in a particular account. This computer software lets users get important information as quickly as possible. A reverse look up system will not only provide you with email addresses, it will also tell you the IP address, landline phone number, home address other data.

How to find out if my boyfriend is cheating on Facebook? The answer to this question can be easily obtained and that is, with the use of a reverse look up computer program. To use this software kind of software, the first thing that you need to obtain is of course the email of your boyfriend’s other girlfriend in Facebook. This can be as easy as looking at your boyfriend’s account and checking on his friends list. Once you have the email address, let the computer program do its magic. Using a reverse look-up tool such as this program is indeed one of the easiest ways to obtain information about your boyfriend using only his email address.

It is not 100 percent certain that you will find the answer to the question, how to find out if my boyfriend is cheating on Facebook with the use of a computer program. But it is a very good start. If he is using modern technology to cheat on you then you can also use technology to catch him. Do not act like a fool or a victim desperately crying, how to find out if my boyfriend is cheating on Facebook or other social networking sites.

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boyfriend is cheating on Facebook

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UK shopping centre Afflecks Palace secures its future

Category : Uncategorized

Tuesday, February 5, 2008

Afflecks Palace, the “iconic, alternative shopping centre” in the Northern Quarter of Manchester in England, United Kingdom, was saved from closure this week after long-running rumours that the market may have to “kick out its traders” due to a dispute between the management of the Afflecks Palace brand and the leaseowner for the building, Bruntwood.

Rumours suggesting that Bruntwood were looking to redevelop the building started early in 2007, when it became apparent that the property developer was not actively seeking to renew the twenty-five year lease that the management of Afflecks Palace had with them concerning the building. These initial fears were added to by news that Bruntwood was looking to redevelop other buildings it owned in the Northern Quarter area, specifically the parking complex opposite Afflecks, with an eye towards taking advantage of the “property boom” in Manchester at the time. There were also fears that if Afflecks did remain open, “rents would rise”.

These initial fears were eventually propagated closer to the end of the year when a letter from the management of Afflecks Palace told individual stall holders that “… management have received no formal response from Bruntwood to a tenancy request notice served in October [2007]”, going on to add that “We can only assume therefore that they do not intend to offer us a new lease”.

Following the release of this letter, public support for Afflecks Palace was quickly made obvious when a 5,000 signature petition was submitted demanding the centre remain open for business. This seemed to prompt talks between Bruntwood and the Afflecks Palace management and, eventually, lead to this week’s news that the market was – indeed – to remain open. The result of the talks was that Bruntwood “bought out” the Afflecks Palace brand.

Bruntwood will manage Afflecks while they look for a new owner who is skilled in running market style businesses

A joint statement between the management of Afflecks Palace and Bruntwood said: “After 26 years of trading, Afflecks’ management has sold their company to Bruntwood in an agreement that protects the future of Afflecks. Bruntwood will manage Afflecks while they look for a new owner who is skilled in running market style businesses and can bring a similar level of enthusiasm and dedication that the existing management has.”

A spokesperson speaking on behalf of Bruntwood also added that: “Never in our 30 year history have we bought one of our customer’s businesses, but Afflecks is a Manchester icon that we wanted to protect. We aren’t however expert in managing markets, so will look for a suitable long term owner. In the meantime, the most important aspect is that we have arrived at a solution with Afflecks management that protects an independent retail environment and provides the existing stallholders with security.”

Traders from the market celebrated the news by holding a party yesterday.

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