WASHINGTON — The world’s top finance officials expressed confidence Saturday that the global economy finally has turned the corner to stronger growth. This time, they may be right.Despite challenges that include market jitters about the Federal Reserve’s bond-buying slowdown and global tensions over Ukraine, policymakers said they believe there is a foundation for sustained growth that can provide jobs for the millions of people still looking for work five years after the worst recession since the Great Depression of the 1930s.“Creating a more dynamic, sustainable, balanced and job-rich global economy remains our paramount collective goal,” the policy-setting panel of the 188-nation International Monetary Fund said in a concluding communique.IMF Managing Director Christine Lagarde and the finance ministers who sit on the IMF’s policy panel said they believed the world had entered a new phase with stronger growth that will begin to make in-roads into unemployment that remains painfully high in many nations.At a closing news conference, Lagarde referred to the years 2008 through 2010 as an economic “disaster” and she said now “we are moving into a strengthening phase.”
WEST MIAMI-DADE, FLA. (WSVN) – A rollover crash involving a pickup truck injured one person in West Miami-Dade.Florida Highway Patrol and Miami-Dade Fire Rescue units were dispatched to the scene along Southwest Eighth Street and 160th Avenue, Sunday night.Officials said one person had to be extricated from the vehicle.Rescue crews transported the victim to Kendall Regional Medical Center in critical condition.FHP continues to investigate the crash.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Canon Communications continues to expand its event portfolio with the acquisitions of Canadian trade shows Plast-Ex and EXPOPLAST from the Canadian Plastics Industry Association. Separately, Canon also bought PACKEX, a leading Canadian packaging trade show, from Comexposium and the Packaging Association of Canada. Canon will co-locate Plast-Ex and PACKEX in 2011 as its first major North American trade show event outside the U.S. The last Plast-Ex show (in 2007) drew 8,000 attendees while PACKEX Toronto drew another 8,000 attendees and 500 exhibitors. Events now account for more than 55 percent of Canon’s revenue. In July, Canon announced it will launch two new events targeting the orthopedic manufacturing market in 2010.
Celine Dion Donates To Las Vegas Victims celine-dion-donates-proceeds-las-vegas-concert Facebook Celine Dion Donates Proceeds From Las Vegas Concert Email Twitter News GRAMMY winner not only delivers a poignant speech, but she donates all proceeds from her Oct. 3 performance to victims of the Las Vegas shooting Renée FabianGRAMMYs Oct 5, 2017 – 12:07 pm In light of Jennifer Lopez and Incubus postponing their Las Vegas residencies, GRAMMY winner Celine Dion made the decision that her show must go on following the tragic shooting in Las Vegas at the Route 91 Harvest Festival on Oct. 1.Dion, who has been performing a Las Vegas residency at Caesars Palace since 2012, opened her Oct. 3 show with a heartfelt speech about her uncertainty of performing so soon after the shooting, before assuring herself and the audience they had “made the right choice in being here tonight.””On Sunday, we lost too many beautiful, innocent souls, and so many are still suffering,” Dion told her audience. “But tonight we’re going to let these families know that we are supporting them and that we will help them through their tragic loss.”She offered a dedication to the victims of the massacre and revealed that all the proceeds from her Oct. 3 show would be donated to the Las Vegas victims’ families on behalf of the audience.”We dedicate tonight’s show to all the victims and their families, and to the first responders, and to the doctors and nurses who are working around the clock to save lives,” Dion said. “And to so many heroes who did whatever they could to help complete strangers in a time of desperate needs.”Jennifer Lopez Postpones Las Vegas Residency DatesRead more
Tamil and Gujarati become the second and third Indian languages, after Hindi, as part of Oxford Dictionaries’ global languages initiative.Launched in September 2015 Oxford Global Languages (OGL) is a major initiative from Oxford Dictionaries which aims to build dictionaries and lexicographical resources for around 100 of the world’s languages and to make them available online.The Tamil and Gujarati versions follows the launch of the Hindi online dictionary last year.Judy Pearsall, Director for Oxford Dictionaries said, “OGL is a bold initiative from Oxford University Press for a modern challenge and a huge opportunity. Digital communication across the globe is dominated by English and other major global languages such as Chinese and Spanish.””As we develop more languages for OGL, we are putting a special focus on Indian languages. We are very proud to be launching Tamil and Gujarati dictionaries as part of our global mission.” said Pearsall. Close IBTimes VideoRelated VideosMore videos Play VideoPlayMute0:00/0:00Loaded: 0%0:00Progress: 0%Stream TypeLIVE0:00?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio TrackFullscreenThis is a modal window.The media could not be loaded, either because the server or network failed or because the format is not supported.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading … Oxford Launches Tamil, Gujarati Online Dictionaries “The addition of Gujarati and Tamil to the Oxford Dictionaries API gives a rapidly growing developer community access to this language data in a structured and flexible way, possibly for the first time, and enables the creation of content and applications that serve a huge language population.” added Philip Reimann, Senior Product ManagerOxford Dictionaries is planning to develop more regional versions putting a special focus on Indian languages.In which language should be Oxford Dictionaries’ next launch?For more videos, click here.
Russian President Vladimir Putin is a bigger threat to world security than the so-called Islamic State group, according to veteran US Senator John McCain who also admits Donald Trump makes him “nervous”.Republican McCain — one of US President Trump’s most outspoken critics in his own party — said Russia’s alleged meddling in elections was a danger to democracy.”I think he (Putin) is the premier and most important threat, more so than ISIS,” McCain, chairman of the Senate Armed Services Committee, told the Australian Broadcasting Corporation late Monday.”I think ISIS can do terrible things … but it is the Russians who are trying, who tried to destroy the very fundamental of democracy and that is to change the outcome of an American election.”I have seen no evidence they succeeded but they tried and they are still trying. They just tried to affect the outcome of the French election.”So I view Vladimir Putin, who has dismembered the Ukraine, a sovereign nation, who is putting pressure on the Baltics, I view the Russians as the far greatest challenge that we have.”McCain’s comments come with the Trump team embroiled in controversy over its relationship with Moscow, which US intelligence agencies say tried to sway last November’s election in the property tycoon’s favour.A broad investigation into Russia’s apparent meddling is being led by Robert Mueller, a respected former FBI director who was given wide powers to pursue the case as a special counsel.The US Senate and House Intelligence committees are also leading their own probes.Over the weekend the furore pierced the innermost circle of the White House with reports that Trump’s son-in-law Jared Kushner sought a secret communications link to Russia — an allegation the president called “fabricated.”Asked about the Kushner revelation, McCain, in Australia on a visit, said: “My view of it is I don’t like it.”I know that some administration officials are saying ‘well that’s standard procedure’.”I don’t think that it’s standard procedure prior to the inauguration of a president of the United States by someone who is not in an appointed position.”When put to him by the ABC that some people feel nervous about international security with Trump as president, McCain said he understood why.”I am nervous from time to time,” he said. “I do believe that the president has great confidence in the national security team. I do believe most of the time that he accepts their advice and counsel.”Can I tell you that he does (that) all the time? No. Does it bother me? Yes, it bothers me.”
A man stands next to the wreckage a vehicles washed away on 18 March in Chimanimani, eastern Zimbabwe, after the area was hit by the cyclone Idai. Photo: AFPMore than a thousand people are feared to have died in a cyclone that smashed into Mozambique last week, while scores were killed and more than 200 are missing in neighbouring Zimbabwe.The city of Beira in central Mozambique bore Cyclone Idai’s full wrath on Thursday before the storm barrelled on to neighbouring Zimbabwe, unleashing fierce winds and flash floods and washing away roads and houses.“For the moment we have registered 84 deaths officially, but when we flew over the area… this morning to understand what’s going on, everything indicates that we could register more than 1,000 deaths,” Mozambican president Filipe Nyusi said in a nationwide address.“This is a real humanitarian disaster,” he said. “More than 100,000 people are in danger”.Aerial photographs released by a Christian non-profit organisation, the Mission Aviation Fellowship, showed groups of people stuck on rooftops with flood waters up to window level.“The scale of damage… (in) Beira is massive and horrifying”, the International Federation of Red Cross and Red Crescent Societies (IFRC) said.Ninety percent of the city of some 530,000 people and its surrounding area has been “damaged or destroyed,” it said in a statement.“The situation is terrible. The scale of devastation is enormous,” the IFRC’s Jamie LeSueur said.“Almost everything is destroyed. Communication lines have been completely cut and roads have been destroyed. Some affected communities are not accessible.”A large dam burst on Sunday and cut off the last road to Beira, he said.Sofala Province governor Alberto Mondlane warned that the “biggest threat we have now, even bigger than the cyclone, is floods because it’s raining more and more”.A perfect stormEmma Beaty, coordinator of a grouping of NGOs known as Cosaco, said: “We’ve never had something of this magnitude before in Mozambique”.“Some dams have broken, and others have reached full capacity, they’ll very soon open the flood gates. It’s a convergence of flooding, cyclones, dams breaking and making a potential wave: everything’s in place so we get a perfect storm.”Praise Chipore, 31, a cyclone survivor, sits on a hospital bed at Chimanimani Rural district hospital, Manicaland Province, eastern Zimbabwe, on 18 March after the area was hit by the cyclone Idai. Photo: AFPNyusi said the Pungwe and Buzi rivers in central Mozambique “have burst their banks and engulfed entire villages.”“Communities are isolated and bodies are floating” on the waters, he said.Beira international airport was closed because of cyclone damage but later reopened.Zimbabwe hitIn neighbouring Zimbabwe, Idai left 98 dead and at least 217 more missing, according to the Information ministry.Families started burying their dead on Monday in damp graves, according to an AFP photographer.The storm swept away homes and ripped bridges to pieces, leaving destruction that the acting defence minister, Perrance Shiri, said “resembles the aftermath of a full-scale war”.Some roads were swallowed up by massive sinkholes, while bridges were ripped to pieces by flash floods.“This is the worst infrastructural damage we have ever had,” Zimbabwe’s transport and infrastructural development minister Joel Biggie Matiza said.The eastern district of Chimanimani was worst-hit, with houses and most of the region’s bridges washed away by flash floods.The most affected areas are not yet accessible, and high winds and dense clouds have hampered military rescue helicopter flights.Cylone survivors leave the Ngangu township with their belongings to Chimanimani Hotel where hundreds are sheltered on 18 March in Ngangu township Chimanimani, Manicaland Province, eastern Zimbabwe, after the area was hit by the cyclone Idai. Photo: AFPTwo pupils and a worker at a secondary school in the area were among those killed after a landslide sent a boulder crashing into their dormitory.Soldiers on Sunday helped rescue the surviving nearly 200 pupils, teachers and staff who had been trapped at the school in Chimanimani.Joshua Sacco, lawmaker for Chimanimani, told AFP that between “150 to 200 people” are missing.The majority of them are thought to be government workers, whose housing complex was completely engulfed by raging waters. Their fate was unknown because the area was still unreachable.Zimbabwean President Emmerson Mnangagwa cut short a visit to Abu Dhabi returning home on Monday.“With every hour and day that passes, our worst fears become increasingly real,” he said in a statement “Many drowned while others were killed in their sleep from swift and unexpected rockfalls which demolished their homes”.His government has come under fire for failing to evacuate people in time.
Share To embed this piece of audio in your site, please use this code: Listen 00:00 /13:12 A political expert thinks Senator Ted Cruz’s support for Supreme Court nominee Brett Kavanaugh might cause some problems in his bid for re-election in the midterm elections.Nancy Sims, a political analyst and lecturer at the University of Houston, told Houston Matters Friday that Cruz’s support for Kavanaugh could be an issue with women voters, although she added such support “is perfectly in line with his consistent voting patterns in politics.”Carolyn Kaster/APSenator Ted Cruz.Sims also thinks Cruz’s challenger, Democratic Congressman Beto O’Rourke, will probably say he wouldn’t have supported Kavanaugh and he understands and respects what women that are victims of sexual assault experience. “He will do his best to take advantage of this situation, as any good consultant would recommend.”Sims noted as well that Cruz might not be able to campaign much in Texas due to the work schedule set by the Senate leadership. “Either he’s going to have to stay in Washington and not campaign as much,” said the expert “or he’s going to have to miss major votes. So, either of those is not a good possibility for him.” X
Sony Pictures has just announced that Spider-Man: Homecoming star, Tom Holland, will play Nathan Drake in the upcoming Uncharted live-action film.According to Deadline, the Shawn Levy-helmed Uncharted movie will be a prequel of sorts. It is inspired by a sequence in Uncharted three where players got to control a prepubescent Nathan Drake. Tom Holland’s Drake will be older than the child from Uncharted three, but he will be considerably younger than the adult Drake everyone knows.Sony Pictures head Tom Rothman was inspired to go with a younger version of Nathan Drake after seeing the latest cut of Spider-Man: Homecoming. As such, the story will focus on how Drake grows to become the famous treasure hunter.Having Holland play a young Nathan Drake certainly seems odd, but there’s logic behind it. After appearing in Captain America: Civil War as Spider-Man, Holland’s star has been on the rise. The release of Spider-Man: Homecoming will no doubt push him further into super-star status. Given all of that, it makes sense that Sony would want to have him to be the protagonist of another potentially huge franchise. Still, this change is something fans of the Uncharted series will have to adjust to since they are used to a Nathan Drake who is in his early 40s.The Uncharted film has been in development hell since 2009. A lot of actors, directors, and writers have been attached to the project at one point or another. Now that the film has a solid director and star, it appears that it will at last see the light of day. Video game-based movies don’t exactly have the best track record when it comes to quality. Hopefully, this Uncharted film will buck expectations and be a great movie-going experience.Spider-Man: Homecoming will be released in movie theaters on July 7. Uncharted: The Lost Legacy will be released exclusively on PlayStation 4 on August 22. Tom Holland Reveals Major ‘Avengers: Endgame’ Death Spoiler to FansMCU News: Phase 4 Poster, Spider-Man Theories & More Stay on target
Researcher Christopher Turbill of the Research Institute for Wildlife Ecology in Vienna, said that when animals hibernate they slow their metabolism and thus vastly reduce the energy required for their survival. They also tend to find a safe place in which to hibernate, which means they are less likely to die from predation while hibernating, and the research team believes this is the key to their longevity.Previous research also suggested that hibernating animals tended to have longer lives, but this was thought to be because they avoid the harsh winter temperatures and the competition for dwindling food supplies.Hibernation allows the animals to have around a 15 percent higher survival rate but they have fewer offspring each year than non-hibernating animals. In rodents for example, a non-hibernating species such as a rat weighing around 100 grams has up to 14 offspring a year, has a 17 percent chance of surviving the year, and its maximum lifespan is about 3.9 years. A hibernating rodent of the same size has only about eight offspring a year, but has a 50 percent chance of surviving and a maximum lifespan of 5.6 years.The research, which was based on analyzing previous studies of hibernation, along with new data on the edible dormouse (Glis glis), also suggested that hibernation could have been involved in the evolution of slower life-cycles, since hibernating animals tend to mature later than non-hibernating species with shorter lifespans. Co-author of the paper, Claudia Bieber of the University of Veterinary Medicine in Vienna, said scientists had previously thought hibernation posed a challenge for animals, but their research had shown the animals survive exceptionally well and also have a better chance of surviving the active season than non-hibernating animals. This is particularly true of small species (under 1.5 kg), such as the edible dormouse, which spends half the year in hibernation.The paper was published this week in the Proceedings of the Royal Society B: Biological Sciences. Citation: Hibernators live longer mainly because they escape predators (2011, April 1) retrieved 18 August 2019 from https://phys.org/news/2011-04-hibernators-longer-predators.html Explore further Climate change might affect hibernation (PhysOrg.com) — Small animals generally live shorter lives than larger animals, but those that hibernate are an exception, primarily because they escape predation during the winter, according to a new study by scientists from Austria. Hibernating animals also reproduce more slowly than non-hibernating animals. © 2010 PhysOrg.com More information: Hibernation is associated with increased survival and the evolution of slow life histories among mammals, Proceedings of the Royal Society B: Biological Sciences, Published online before print March 30, 2011, doi: 10.1098/rspb.2011.0190 This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
On the occasion of Durga Puja, Le Rythme and Rythme School of Music organised its 11th annual cultural conclave ‘Matri Shakti. A two-day cultural festival, which was organised to fulfill commitments towards the society, and to commemorate the contributions towards women empowerment, was held on October 16-17 at C R Park Kali Mandir Society. Sisplya Banerjee and Pandit Tanmoy Bose of Rythme School of Music performed on this holy occasion.The programme was ornamented with the melodious renditions by renowned playback singer and founder of Le Rythme, Rini Mukherjee, Pandit Tanmoy Bose, Sisplya Banerjee, Pandit Jwala Prasad, Dr Arumoy Bandopadhyay and Abhijit Ghosal. The students of Rythme School of Music also performed at the event. Speaking on the occasion, Rini Mukherjee said, “To create awareness on the achievements of women empowerment and child education, Le Rythme has taken an initiative to organise a musical evening that would demonstrate the importance and requirement of women in society. Also, it would display different phases of women and their contributions throughout their life cycles.”
Video Loading Video Unavailable We pay for stories! Send your videos to firstname.lastname@example.orgGood morning! Welcome to Stoke-on-Trent Live’s breaking news service bringing you all the latest updates from Stoke-on-Trent and North Staffordshire on Tuesday, August 28. Our team of reporters will be updating this live service with all the latest on the weather, traffic and travel as well as news and entertainment through the day. We’ll be bringing you the very latest updates in our live news feed below. For the latest news and breaking news visit www.stokeontrentlive.co.uk Get all the big headlines, pictures, analysis, opinion and video on the stories that matter to you. Follow us on Twitter @SOTLive – the official Sentinel account – real news in real time. We’re also on Facebook – your must-see news, features, videos and pictures throughout Stoke-on-Trent, North Staffordshire & South Cheshire. You’ll also find us on Instagram here .16:14#M6 southbound within J13 (#Stafford #A34). 1 lane closed due to a collision involving a car and HGV in the roadworks. Slow traffic approaching and passing the scene. Please allow extra time. pic.twitter.com/ZvhZEKdWSl— Highways England (@HighwaysWMIDS) August 28, 201816:13Slow traffic on A34 at A51. In the roadworks area. 16:12Slow traffic on A530 Middlewich Road between A532 (Marshfield Bank Roundabout, Wistaston Green) and A51 Nantwich Bypass (Alvaston roundabout, Alvaston). In the roadworks area.Temporary lights are in operation here. 16:12One lane closed and queuing traffic due to accident, a lorry and a car involved on M6 Southbound at J13 A449 (Stafford South).Lane one (of three) is closed. The cameras show that a car is facing sideways on behind the lorry. 16:05Slow traffic and traffic heavier than normal on M6 Northbound between J18 A54 Middlewich Road (Middlewich / Holmes Chapel) and J19 A556 Chester Road (Knutsford). In the roadworks area. 15:46Usual congestion on A34 Newcastle Road between Springfield Retail Park and A500 D Road (Hanford Interchange). Travel time is four minutes. 13:08Crash forces road closureMotorists are being warned a street has been closed in both directions following an accident. Mellor Street in Brindley Ford is affected between the A527 and Turnhurst Road has been shut off. 12:46Armed masked men targeted 64-year-old’s housePolice are hunting three masked men who stormed a woman’s house armed with a Taser and a knife.And the 64-year-old occupant was forced to flee the address as the offenders searched the property.Detectives say the incident took place just after 9.50pm on Monday at a property on Queens Park Gardens in Crewe. It is not clear if anything was taken. Detective Sergeant Steve Smith, of Cheshire Police, said: “A 64-year-old woman who had been in the house at the time fled to safety. She was left shocked but thankfully unharmed by the ordeal.“We are making enquiries in the area and would urge anyone with information to make contact with us so we can find those responsible.”11:13Travelling through Birmingham on the train?Good news. The points failure at Birmingham International has been resolved and services are now running normally. 11:05Follow cases at magistrates liveWe have a reporter at North Staffordshire Justice Centre today.North Staffordshire Justice Centre (Image: Stoke on Trent Live)So far a 23-year-old from Stockton Brook and a Silverdale teenager have been dealt with. Following the live blog here. 10:49Woman, 54, arrested over cenotaph damagedPolice arrested a 54-year-old woman following reports someone had climbed onto a war memorial and damaged it. The incident took place on Monday at around 7.30pm at the memorial in Macclesfield where a poppy wreath was damaged. A woman was later arrested on suspicion of being drunk and disorderly and causing criminal damage. Sergeant Simon Degg, of Macclesfield Local Policing Unit, said: “This appears to be an isolated incident and a woman was swiftly arrested at the scene by officers. “I believe there were a lot of people in the area at the time and I want to appeal to you to contact us on 101 with any information you have.”Anyone with information should call Cheshire Police on 101 and quoting incident IML 167434.08:36Police ‘chased drug dealers’Officers arrested suspected drug dealers in Stoke-on-Trent last night.The Central Motorway Police Group had pursued a vehicle in the city before a foot chase. The vehicle was stopped by police in Stoke-on-TrentA Tweet from the CMPG stated: “Monkey dust is the drug blighting our communities at present.“These dealers were pursued and arrested this evening for numerous offences after being pursued and then foot chased.”07:57Queuing trafficThings are getting busy in Crewe. There are reports of some queuing traffic on the A534 Haslington Bypass before the roadworks at the A5020 University Way. Travel time is around four minutes. 07:39Police continue hunt for 21-year-oldOfficers are today continuing to search for double murder suspect Janbaz Tarin.The 21-year-old’s former partner Raneem Oudeh, and her mum, Khaola Saleem were found with serious stab wounds by emergency services.West Midlands Police say they are continuing their search for Tarin and checked ‘a number of addresses’ overnight. 07:28A500 getting busyThe Southbound stretch of the A500 is reportedly ‘busy but moving’ just before Junction 15 of the M6.07:21Update on problems for train passengersVirgin Trains has announced it has suspended its West Coast Eastbound service between Birmingham New Street and Coventry due to a points failure. The Westbound remains open but passengers are being warned of delays.Meanwhile CrossCountry customers may use West Midlands Railway services between Birmingham New Street and Leamington Spa via Coventry 07:17’Heavy traffic’The A54 Holmes Chapel Road in Congleton is very busy in both directions between Black Firs Lane and Box Lane. There are currently temporary traffic lights in the area. 07:17TravelThe A522 in Uttoxeter is currently closed in both directions. This is due to roadworks from the A50/New Road to the A50 JCB turn-off.Work is ongoing to install new drains and utilities and complete the outstanding stretch of the new A522 carriageway, footpaths and street lighting. Diversions are in place via the A50 and B5030 and back to the A522 and vice-versa. 06:35Disruption on the railwayTrain passengers are being warned of some ‘disruption’ in the Midlands this morning. A ‘points failure’ has occurred at Birmingham International resulting in disruption between Birmingham New Street and Coventry.As a result train services may be cancelled or delayed for upto 30 minutes or revised. Commuters are being warned of disruption (Image: Lauren Hurley/PA Wire)CrossCountry services are currently diverting via Leamington Spa and Birmingham New Street and therefore will not serve Coventry and Birmingham International.Disruption is expected to continue until approximately 07:30am. The video will start in 1Cancel Play now StokeonTrent Live – we’re #localandproudStokeonTrent Live – we’re #localandproudVideo Player is loading.Play VideoPauseUnmute0:00/1:20Loaded: 0%0:00Progress: 0%Stream TypeLIVE-1:20 SharePlayback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. 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Fannie: Economy to Drag ‘Unspectacular’ Housing Activity Up Share January 22, 2015 457 Views Demand Fannie Mae Forecast GDP 2015-01-22 Scott_Morgan in Data, News As Fannie Mae sees it, 2015 will be a good year for the housing market, even if residential real estate has to get dragged into the black.Fannie’s 2015 economic forecast, released Thursday, is less a picture of a purely positive housing market than an expectation of an economy so strong across several key growth sectors that it will propel the national housing market to greater heights than in 2014. Or, as Fannie puts it, the economy is strong enough to drag housing behind it and create growth by default.”Our theme for the year, ‘Economy Drags Housing Upward,’ implies that both housing and the economy will pick up some speed in 2015, but that the economy will grow at a faster pace,” said Doug Duncan, chief economist at Fannie Mae.Fannie expects strengthening private domestic demand to drive the economy up 3.1 percent in 2015—up from the agency’s earlier prediction for 2.7 percent growth.While that prediction is still modest, Fannie says it’s strong enough to “drag last year’s unspectacular housing activity upward,” according to the report. Fannie credits projections for continued low gasoline prices, firming labor market conditions, rising household net worth, improving consumer and business confidence, and reduced fiscal headwinds to usher in a year of steady, if “not yet robust” economic improvement that should lead to a higher rate of household formation in 2015.”Consumer spending should continue to strengthen due in large part to lower gas prices, giving further support to auto sales and manufacturing,” Duncan said. “We believe this will motivate the Federal Reserve to begin measures to normalize monetary policy in the third quarter of this year, continuing at a cautiously steady pace into 2016 and 2017.”Duncan also said he suspects mortgage interest rates to stay low throughout this period, attracting steady supply of new homebuyers.Fannie’s report echoes the sentiments of the National Association of Home Builders, which also this week spoke of bluer housing and economic skies ahead. Top economists and housing experts in a panel at the group’s International Builders’ Show in Las Vegas predicted a recovering labor market, low interest rates, and improvements in credit availability for borrowers as the three main triggers for growth in the housing market this year.These assessments, however, are not shared by everyone, at least not blanketly. Earlier this month, Trulia’s chief economist Jed Kolko warned that falling oil process could have a recessive effect on housing in major oil-producing state such as Texas, Oklahoma, and Louisiana.Kolko did say, however, that lower fuel prices could just as likely stimulate flagging industrial economies in the north and Midwest, where oil production is virtually nonexistent.Regardless, Duncan and Fannie Mae foresee big things, even if this year will not be a breakout year for housing. “We expect the rising share of new home sales to lead to a healthy increase in single-family construction of about 19 percent, or 765,000 units,” he said.
Salman Khan’s Eid offering, Bharat, was anticipated to go big at the box office. Salman’s journey from an eight-year-old kid to a 70-year-old, coupled with the chemistry with his frequent co-star Katrina Kaif, has translated into a frenzy that seems unstoppable at the ticket window. Ali Abbas Zafar’s directorial, which has already broken several records, mere days after its debut, has grossed Rs 122.20 crore in four days. On Saturday, Bharat earned Rs. 26 crore.Giving away the details, film trade analyst Taran Adarsh took to Twitter and wrote, “#Bharat rocks the BO… Biz jumps on Day 4… Multiplexes join the party, single screens rock-steady… Will continue its winning streak today [Sun]… Being patronised by family audience… Wed 42.30 cr, Thu 31 cr, Fri 22.20 cr, Sat 26.70 cr. Total: ₹ 122.20 cr. India biz.” #Bharat rocks the BO… Biz jumps on Day 4… Multiplexes join the party, single screens rock-steady… Will continue its winning streak today [Sun]… Being patronised by family audience… Wed 42.30 cr, Thu 31 cr, Fri 22.20 cr, Sat 26.70 cr. Total: ₹ 122.20 cr. India biz.— taran adarsh (@taran_adarsh) June 9, 2019 Bharat hit the screens on Eid, June 5. The film smashed the opening day records of Salman’s previous Eid releases– Sultan and Ek Tha Tiger, which earned Rs 36.54 crore and Rs 32.93 crore on Day 1, respectively.Rating Bharat 3/5 Priyanka Sinha Jha of News18 wrote in her review, “Bharat is a slice-of-life story with maturity and restraint often lacking in a typical film featuring Salman Khan. Director Ali Abbas Zafar mounts the subject well—he seems to be a natural at mega movies. For a story that attempts to be a commentary as well as a saga spanning decades, Zafar exercises great control and prevents it from going off the rails.”The film, which is a Hindi remake of a South Korean movie Ode to My Father, also features Katrina Kaif, Tabu, Sunil Grover, Disha Patani, Satish Kaushik, Jackie Shroff, Sonali Kulkarni, Asif Sheikh, Nora Fatehi, Shashank Arora, Kashmira Irani, Kumud Mishra, Ayesha Raza, Meiyang Chang, Manav Vij, Mushtaq Khan and Brijendra Kala. Follow @News18Movies for more Bharat, which earned Rs 42.30 core on its opening day, went on to rake in Rs 31 crore on the second day and Rs. 22.20 crore on the fourth day of its release. Ali Abbas ZafarbharatBharat box officebharat box office collection First Published: June 9, 2019, 12:14 PM IST