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Why the DPRK needs a nuclear deterrent

first_imgOn Aug. 9, 1945, the U.S. dropped the second atomic bomb ever deployed in conflict, hitting the Japanese industrial city of Nagasaki. On Aug. 9, 2017, President Trump threatened a nuclear bombing of People’s Korea.Since 1950, the Democratic People’s Republic of Korea — north Korea — has lived under the shadow of a U.S. nuclear attack.Gen. Douglas MacArthur, who commanded U.S. forces during the Korean War, told reporters in 1954: “I could have won the war in Korea in a maximum of 10 days. … I would have dropped between 30 and 50 atomic bombs on [the] air bases and other depots strung across the neck of Manchuria.” (New York Times, April 9, 1964)MacArthur’s shocking remarks weren’t made public until after his death 10 years later. But his proposal to lay down a radioactive belt on the border between the DPRK and China was known at the time of the war. President Harry S. Truman fired MacArthur in 1951 after the general openly pushed to extend the war to China.Although MacArthur was removed from his command then, U.S. nuclear weapons were, and still are, ready to strike north Korea — “locked and loaded,” in President Trump’s recent boastful, gangster language.Several times each year, the U.S. carries out war exercises close to the borders of the DPRK simulating an attack on that country and the “decapitation” of its leadership. Another is set to begin Aug. 21, involving tens of thousands of U.S. and south Korean troops.This persistent U.S. threat of war is why the DPRK has allocated precious resources to become one of the world’s nine nuclear weapons states. It is now estimated to have around 30 such bombs — out of the more than 15,000 nuclear warheads in the world.The U.S. accounts for nearly 7,000 of those warheads. Yet the DPRK is now the target of a screaming propaganda campaign accusing its leader, Kim Jong Un, of wildly leading the world into a nuclear war.Think about it. The DPRK has no soldiers or bases in other countries. It has no nuclear-equipped high-altitude bombers or submarines circling the globe. It has no drones calling in missile strikes on other countries. All its military preparation is defensive.The U.S. has bases all over the world. It has militarily occupied south Korea since 1945, keeping the Korean people divided. It recently deployed a missile system called THAAD in the south, despite desperate resistance from the people there.This has intensified the worry of Koreans in the north and in the south that the U.S. could be planning a military attack on the DPRK. And Trump’s recent words threatening the DPRK with “fire and fury like the world has never seen” deepened that concern, even drawing public criticism from several officials of the Moon Jae-in regime in south Korea.How Koreans look at Trump Ever since the election of the most openly right-wing president in recent U.S. history, the capitalist media have been full of speculation about Trump’s unpredictability, his ego-driven pronouncements and tweets, his obvious ignorance or denial about crucial issues, from climate change to international relations.If even those “in the know” here are speculating about what atrocities Trump could be capable of, what are the leaders of the DPRK to think? Isn’t it absolutely their duty to do all they can to prepare for the defense of their people? Especially since the White House is packed with military brass and the budget for war spending keeps growing at the expense of social programs.The election of Trump and his subsequent refusal to renounce the support of racist, fascist and neo-Nazi elements like the KKK has given a boost to white supremacists, who just held an armed occupation of parts of Charlottesville, Va., in which one anti-racist demonstrator was killed. Trump refused to condemn the white supremacists, who boasted they helped elect him.The world is watching these developments in the U.S. with horror, especially people living in countries that have been colonized, neocolonized and superexploited by the imperialist powers.Korea is one such country. It was brutally colonized by imperial Japan from 1910 to 1945. During World War II, many Koreans were forcibly moved to Japan to labor in the mines and other jobs to take the place of Japanese workers drafted to fight in the war. Some 30,000 of these Korean workers were among the hundreds of thousands of people killed by U.S. atomic bombs dropped on Hiroshima and Nagasaki.To justify its hostile actions, the U.S. government has refused to sign a peace treaty ending the war that began 67 years ago. It has ringed the DPRK with military bases. In recent years, Washington has encouraged the rearming of Japan and has included Japanese armed forces in its annual “war games.”How must that look to Koreans? After so many years of U.S. war, occupation and threats, it surely doesn’t seem to be a “game.”It is perfectly understandable and rational that the unrelenting U.S. threats of war have only added to the determination of the DPRK to have a strong deterrent against aggression.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Hundreds of thousands say no to poverty and repression in Algeria

first_imgBeginning Feb. 22, hundreds of thousands of Algerians took to the streets of every city in Algeria — from Oran and Tlemcen in the west, through Algiers and Tizi Ouzou in the center, to Constantine and Skikda in the east — to tell President Abdelaziz Bouteflika and his family that Bouteflika was not going to get a fifth term in office.Anti-government protest in Algiers on March 15.Even in the south of Algeria, in towns and cities scattered in oases plunked here and there in the Sahara, from Ouargla to Ain Salah passing by Adrar and totally isolated Illizi, thousands of people came out into the streets demanding “no” to a fifth term for Bouteflika.Any of the candidates for parliament brave or foolhardy enough to be on the streets where demonstrations were taking place were met with cries of “Resign!”Besides demanding that Bouteflika retire, angry denunciations flowed from the hard life Algerians face: high unemployment, inflation, police surveillance, the arbitrary behavior of government officials, and corruption which produces a burning sensation of frustration, rancor and humiliation. (tinyurl.com/y2cv586h)YouTube videos of recent protests on Place Maurice Audin in the center of Algiers show this huge, wide square completely filled with people and signs, banners and placards. Signs were in Arabic, French, Tamazight (known as Berber), Spanish and English.  There was music, singing and organized chanting. Men and women — some wearing a hijab, some without any head covering — and families were all mixed together.While there are a number of opposition parties, ranging from the Algerian Party for Democracy and Socialism (PADS), which considers itself  communist, the Socialist Forces Front (FFS) to the Islamic Salvation Front (FIS), they have not played a significant role in calling this month of nearly daily protests.Youth and students have coordinated through social media, bringing out students at all 48 Algerian universities, and the Union Confederation of Productive Forces (COSYFOP: Confédération Syndicale Des Forces Productives), which called a 4-day general strike, had more impact.Even after Bouteflika had announced that he was not going to run for a fifth term, protests continued, especially after he said he was going to continue in office.  The way Algerians summed it up was wry but expressed a steely determination: We protested for five weeks for elections without Bouteflika, now we have Bouteflika without elections.In the past, big outpourings of mass discontent in Algeria have been met with vigorous, and sometimes bloody, repression.  But these protests have been so massive and so widespread that the Algerian state held back, although some of the early protests were met with tear gas and baton charges.Accumulation of grievancesBeginning the third week of March, cracks began to appear.  The National Liberation Front (FLN), Algeria’s ruling party, officially abandoned its support for Bouteflika’s bid for a fifth term, saying it supported the protesters. The army chief of staff also indicated that the army supported the protests. (tinyurl.com/y3ojsvv9)Algerian web services began to run pictures of cops marching in the protests in their uniforms, and a few days later pictures began appearing of soldiers, even officers, also marching. (tinyurl.com/y4wlxb76)  While the United States is careful not to be seen obviously poaching in France’s backyard, the State Department’s website does say: “Algeria is a strategically located and capable partner with which the United States has strong diplomatic, law enforcement, economic, and security cooperation.”  The Algerian army is also participating in Flintlock 2019 organized by Africom. (tinyurl.com/y6aqfuyp)France is also deeply interested in what is happening.  Hundreds of thousands of Algerians, some with deep ties to their homeland, others like the harkis — Algerians who fought for the French in their War of a Million Martyrs 1954-62 — who are more ambivalent, live and work in France. The economic ties between France and Algeria are old, deep and very significant.  Over half of Algeria’s international trade is with the European Union.In the 1990s there was a bloody and costly civil war in Algeria between armed groups owing their political allegiance to the Islamic Salvation Front (FIS) and the Algerian army, whose political direction came from the FLN. The FIS lost, but the scars remained. The Algerian army selected Abdelaziz Bouteflika in 1999 to manage the transition to a more stable political system, which still left the same small group of officers and businesspeople in charge.  High prices for oil — Algeria’s main export — and vigorous police repression enabled the system to overcome any protests.But given the fall in oil prices and the lack of real economic development, the accumulation of grievances finally brought out hundreds of thousands of Algerians. The Algerian people are conscious of their revolutionary history, and they are in the streets demanding not just the resignation of President Bouteflika but real changes in the system.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

India: Magazine reporter beaten by police inside Delhi police station

first_img Follow the news on India March 3, 2021 Find out more “Kicked my back” Police personnel stand guard in India gate to prevent a demonstration linked to the gang-raped and murder of a 19-year-old woman victim, in New Delhi on September 30, 2020. At least six policemen assaulted journalist Ahan Penkar because he was covering a demonstration related to another case of a raped and murdered teenager (photo: Sajjad Hussain / AFP). Help by sharing this information After seizing his ID cards, press card and phone, the police went to great lengths to delete all the photos and videos he had shot of the protest. Penkar was finally released at around 7 pm. and went to a hospital to be examined. Reporters Without Borders (RSF) is appalled to learn that New Delhi police arrested and beat a reporter covering a protest about the death of a teenage girl, and deleted his photos and videos. Appropriate sanctions are needed so that this kind of behaviour stops, RSF said. June 10, 2021 Find out more News Penkar arrived at the Model Town police station at around 2:45 pm to cover a demonstration outside by a small crowd protesting the refusal of the police to register a complaint about a 17-year-old girl from the Dalit caste (formerly known as Untouchables) who was allegedly raped and murdered by her higher-caste employer. IndiaAsia – Pacific Condemning abusesProtecting journalists Violence News RSF demands release of detained Indian journalist Siddique Kappan, hospitalised with Covid-19 “The targeted mistreatment of this journalist is all the more unacceptable because this is not the first time that the police in the Indian capital have violently targeted journalists. Such conduct is incompatible with the rule of law and Indian democracy, and must cease at once.” “This behaviour by New Delhi police, who deliberately disregarded Ahan Penkar’s status as a journalist, is absolutely intolerable,” said Daniel Bastard, the head of RSF’s Asia-Pacific desk. “The police involved in beating him must be punished. Mob attack Last August, New Delhi police displayed culpable passivity when three other journalists from The Caravan – Shahid Tantray, Prabhjit Singh and a woman who prefers not to be named – were subjected to an hour and a half of violence by a large crowd of supporters of the Bharatiya Janata Party (BJP), India’s ruling Hindu nationalist party. The police deleted the reporters’ photos and videos on this occasion as well. IndiaAsia – Pacific Condemning abusesProtecting journalists Violence India is ranked 142nd out of 180 countries in RSF’s 2020 World Press Freedom Index. Penkar was interviewing members of the girl’s family when policemen began arresting demonstrators, and Model Town assistant commissioner of police Ajay Kumar ordered them to arrest Penkar as well. After being taken into the station, Penkar was beaten by Kumar and five of his men despite constantly repeating that he was there to cover the event as a reporter. RSF_en Kumar slapped him in the face and repeatedly kicked him when he was on the ground. “I fell completely to the ground, and then he tried to pin me down, and kicked my back and shoulders,” Penkar said in a report published by The Caravan. April 27, 2021 Find out more Organisation In rural India, journalists face choice between covering pandemic and survival During a wave of intercommunal violence last February, RSF called on the New Delhi police to protect journalists and thereby allow them to cover events instead of allowing BJP supporters to target them. According to RSF’s tally, at least 18 journalists were harassed and attacked while police failed to intervene. News India: RSF denounces “systemic repression” of Manipur’s media Ahan Penkar, a reporter for The Caravan magazine, was treated this way by police in the north Delhi suburb of Model Town on the afternoon of 16 October despite repeatedly identifying himself as a journalist and showing them his press card. News Receive email alerts October 20, 2020 India: Magazine reporter beaten by police inside Delhi police station to go furtherlast_img read more

YouTube access unblocked after offending videos removed

first_img News February 27, 2008 – Updated on January 20, 2016 YouTube access unblocked after offending videos removed Receive email alerts Pakistani journalist critical of the military wounded by gunfire News News Pakistani TV anchor censored after denouncing violence against journalists Help by sharing this information April 21, 2021 Find out more Follow the news on Pakistan June 2, 2021 Find out more RSF_en to go further PakistanAsia – Pacific PakistanAsia – Pacific News The video-sharing website YouTube is against accessible within Pakistan. The Pakistan Telecommunication Authority (PTA) yesterday asked the country’s 70 ISPs to restore access to the site following the removal of videos considered “blasphemous.”The PTA said it had ordered the blockage of the entire site until the offending videos were taken down. It referred to videos featuring Dutch politician Geert Wilders, who is one of the nine representatives of the conservative Party for Freedom (PVV) in the Dutch parliament. Wilders announced last November that he was making a filming illustrating the Koran’s “fascist” passages. He previously tried to get the Koran banned on the grounds that it was incompatible with Dutch laws.A mistake by Pakistani technicians while executing the order to block access to YouTube within Pakistan resulted in access to the site being rendered difficult or impossible throughout the world for about two hours on 24 February. Pakistani supreme court acquits main suspect in Daniel Pearl murder Organisation ——————-23.02 – Access to YouTube blocked until further notice because of “non-Islamic” videosReporters Without Borders condemns yesterday’s decision by the Pakistan Telecommunication Authority (PTA) to block access to the video-sharing website YouTube . Claiming that the proportion of “non-Islamic objectionable video” had increased on YouTube, the PTA, the official Internet regulatory body, ordered all Pakistani ISPs to block access to the website until further notice.“It should not be up to the PTA to order this kind of blocking” the press freedom organisation said. “Such a decision should be taken by the courts, not by a body that is under the government’s control. Anyway, we regard this measure as disproportionate ans we find that the idea to respect a proportion of videos is opposed to the primary principle of sharing online videos website”.Don’t Block the Blog (http://help-pakistan.com/main/dont-block-the-blog/), a group of Pakistani bloggers who combat censorship, thinks the blockage order was prompted by two videos. One is anti-Islamic (http://www.youtube.com/watch?v=o3s8jtvvg00). The other shows voters describing the fraud they witnessed during the parliamentary elections on 18 February (http://www.youtube.com/watch?v=6TPUHHFky38), which ended up being won by the opposition Pakistan People’s Party. January 28, 2021 Find out morelast_img read more

Donegal cancer and dialysis patients to lose ambulance service?

first_img Pinterest Donegal cancer and dialysis patients to lose ambulance service? Pinterest Facebook 75 positive cases of Covid confirmed in North Previous articleDonegal ICSA calls for extra college spaces for Ag studentsNext articleInquest told St Johnston man took up to 12 Ecstasy prior to death News Highland By News Highland – June 21, 2011 WhatsApp Newsx Adverts WhatsApp Google+ Gardai continue to investigate Kilmacrennan firecenter_img Sinn Fein claims to have a document which shows that Ambulance Services for Cancer and Dialysis patients on the western seaboard will no longer be available from the end of this month.The issue was raised in the Dail by Deputy Caoimhghín Ó Caoláin who expressed his anger that the Health Minister would not be available until early July to answer his questions in the Dail.Deputy O’Caolain said the withdrawal of the ambulance service was a very serious matter which should be discussed immediately:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/06/ambul.mp3[/podcast]Responding Enda Kenny said the Health Minister, Dr James Reilly will make himself available to discuss the matter. Twitter RELATED ARTICLESMORE FROM AUTHOR 365 additional cases of Covid-19 in Republic Man arrested on suspicion of drugs and criminal property offences in Derry Twitter Facebook Further drop in people receiving PUP in Donegal Main Evening News, Sport and Obituaries Tuesday May 25th Google+last_img read more

‘How Can We Stop Them From Walking?’ : SC Refuses To Entertain Plea For Migrants On Road

first_imgTop Stories’How Can We Stop Them From Walking?’ : SC Refuses To Entertain Plea For Migrants On Road Radhika Roy15 May 2020 2:27 AMShare This – xThe Supreme Court on Friday dismissed an Application seeking urgent directions to all DMs across India to identify walking labourers and to ensure that they reach their native places, free of cost and in a dignified manner. The IA was filed in the wake of the death of 16 migrant labourers in Aurangabad.A bench comprising Justices L Nageswara Rao, S K Kaul and B R Gavai observed that it was…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court on Friday dismissed an Application seeking urgent directions to all DMs across India to identify walking labourers and to ensure that they reach their native places, free of cost and in a dignified manner. The IA was filed in the wake of the death of 16 migrant labourers in Aurangabad.A bench comprising Justices L Nageswara Rao, S K Kaul and B R Gavai observed that it was not possible for the Court to monitor the situation, and said that it is up to the State Governments to take appropriate actions in that regard.”How can we stop them from walking? It is impossible for this Court to monitor who is walking and who is not walking?”, observed Justice L Nageswara Rao, who led the bench.Not inclined to entertain the matter, Justice S K Kaul, another judge in the bench, observed, “Every advocate reads something suddenly and then you want us to decide issues under Article 32 of the Constitution of India based on your knowledge of newspapers? Will you go and implement government directives? We will give you a special pass and you go and check”. The IA, filed by Petitioner-in-Person Alakh Alok Srivastava, stated that the urgent interference of the Apex Court was needed in light of the heart-wrenching incident which had taken place at Gadhejalgaon village in Aurangabad District (Maharashtra) on 8th May at 5.30AM wherein at least 16 migrant workers who were walking on foot from Maharasthra to Madhya Pradesh had been killed by a train. Solicitor General Tushar Mehta, appearing for the Centre,  submitted to the Bench that the government had already started providing transport from one State to another: “The Government has already started helping migrant workers. But, they are not waiting for their turn and they start walking. Subject to interstate agreement, everybody will get a chance to travel. Using force on them can be counterproductive. They may wait for their turn, rather than starting on foot.” He further submitted that if people got angry and started on foot instead of waiting for the transport to be provided, nothing could be done. The government could only request that people should not walk. In light of these submissions, the Bench dismissed the Interim Application.SG Tushar Mehta submits that the government has already started helping migrant workers. “They are not waiting for their turn and they start walking. Everybody will get to their destination. They may wait for their turn, rather than starting on foot”.— Live Law (@LiveLawIndia) May 15, 2020 Various media reports were referred to in the IA and it was submitted to the Court that there were many other similar incidents wherein poor migrant labourers had died due to hunger or road accidents in their bid to return to their native places by walking on foot.The IA further referred to a statement made by Solicitor-General Tushar Mehta during a hearing which took place on 31st March that had been recorded by the Apex Court in its Order dated 31.03.2020: “There is no person walking on the roads in an attempt to reach his/her hometowns/villages”. The IA also submitted that, considering the seriousness of the situation and the lack of appropriate action on behalf of the Centre, the probability of loss of several precious lives of the migrant labourers had increased. Therefore, directions were sought for District Magistrates of each and every district of India “to immediately identify such moving/stranded migrant workers in their respective Districts, immediately shift them to the nearest shelter homes/camps, provide them sufficient food, water, medicines and counselling etc. and upon proper medical examination, ensure to send them to their respective native villages, with utmost dignity”.Click here to download application Read ApplicationSG Tushar Mehta submits that the government has already started helping migrant workers. “They are not waiting for their turn and they start walking. Everybody will get to their destination. They may wait for their turn, rather than starting on foot”.— Live Law (@LiveLawIndia) May 15, 2020 Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

SC Declines To Entertain Plea For Rebuilding Of Religious Structures Allegedly Torn Down During Telangana Secretariat Demolition

first_imgTop StoriesSC Declines To Entertain Plea For Rebuilding Of Religious Structures Allegedly Torn Down During Telangana Secretariat Demolition Sanya Talwar24 Aug 2020 12:42 AMShare This – xThe Supreme Court on Monday refused to entertain a plea seeking re-building of the religious places, situated within the Telangana State Secretariat Building, that were allegedly torn down while demolition of the Secretariat Building.A bench of Justices Ashok Bhushan & Subhash Reddy observed that the prayer could not have been allowed under Article 32 as it was the Telangana High…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court on Monday refused to entertain a plea seeking re-building of the religious places, situated within the Telangana State Secretariat Building, that were allegedly torn down while demolition of the Secretariat Building.A bench of Justices Ashok Bhushan & Subhash Reddy  observed that the prayer could not have been allowed under Article 32 as it was the Telangana High Court which had permitted the demolition of the secretariat building.”I am not concerned with the secretariat building. I am concerned with two mosques and 1 temple which have been demolished. They must be resurrected” submitted Advocate Khaja Aijazuddin appearing in person for petitioner.The bench however, was not inclined to hear the plea and thus allowed the petitioner to withdraw it.The petition has been filed by Advocate Khaja Aijazuddin, practicing Advocate at Telangana High Court, alleging that two Mosques and one Temple, situated/ within the vicinity of the Secretariat Building were damaged during the demolition process.A Division Bench of the Telangana High Court had refused to interfere with the State Government’s decision to modify/ demolish the old Secretariat Building to construct a new one, last month. An appeal against this order was dismissed by the Top Court holding that the High Court had already rendered the decision on merits.Accordingly, the demolition work commenced, allegedly damaging the religious places situated therein.The present plea, though not concerned with the demolition of the Secretariat per se, avers that the religious places situate therein have existed since a long time and their demolition amounts to deprivation of citizens’ fundamental rights enshrined under Articles 14, 21, 25 and 26 of the Constitution.It is contended that the Government is statutorily bound to protect these religious places and it is incumbent upon them to rebuild the structures, at the same place where they previously stood.However, it is alleged that the Government has finalised the construction design of the new Secretariat, while there is ‘not even a whisper’ about inclusion of the temple and/ or the Mosques in the new Plan.In this backdrop, the Top Court has been urged to term the demolition of Religious Places as highly unwarranted, illegal and unconstitutional and to direct the competent authorities discharge their statutory duties to protect the Religious Places and to act in accordance with the law.It is prayed that the State Government be directed to pass an Executive Order or Resolution in the State Assembly, making a commitment to rebuild the Religious Places, i.e., two Mosques and one Temple, within the Secretariat Complex Building, at the same places where the structures previously stood.Next Storylast_img read more

Emerald Equity siphoned security deposits at now-bankrupt buildings

first_img Full Name* Tags Share via Shortlink (iStock/Illustration by Alexis Manrodt for The Real Deal)Instead of setting aside $470,000 in security deposits at 11 East Harlem buildings, Isaac Kassirer’s Emerald Equity Group says it siphoned the money into its operating accounts.The practice — ongoing since Emerald Equity acquired the apartment buildings in late 2017 — came to light in a declaration made by the landlord’s attorney in an ongoing bankruptcy proceeding.Emerald Equity defaulted on $203 million in loans from LoanCore for the Harlem buildings in December 2020. The firm acquired the four properties on 107th street in 2018 for $116 million, while the properties on 117th street were part of its massive $358 million Dawnay Day portfolio acquisition in 2016. In a Chapter 11 bankruptcy filing, the landlord attributed its default to unfavorable changes to the rent law in 2019 and an ongoing rent strike.New York state law prohibits landlords from commingling the security deposit with other funds, and mandates the deposits be placed in interest-bearing accounts at a New York state bank. In each of Emerald Equity Group’s bankrupt buildings in East Harlem and Upper Manhattan, the landlord days it used security deposits for operating expenses.The landlord “generally collected security deposits from tenants but deposited the funds into the Debtors’ operating accounts instead of maintaining segregated security deposit accounts,” the early February filing said.Read moreLadder Capital moves to foreclose on Emerald Equity’s Harlem rentalsSome of Isaac Kassirer’s Harlem buildings head to bankruptcyEmerald Equity weighing all options to save massive portfolio Message* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Email Address* At one property, the landlord failed to deposit $47,342.08 in the proper accounts. At another, more than $60,000 also ended up in funds for operations. Meanwhile, tenants at the buildings are trying to compel the landlord to make urgent repairs to the buildings — for housing code violations due to rats and bed bugs.New York state’s rules for security deposits may be clear, but who is responsible for ensuring landlords adhere to them is not.Some multifamily lenders require that borrowers keep the security deposits in escrow alongside their operating accounts, while others are satisfied with a declaration from the borrower that they have the money at a different institution. In most cases, the due diligence ends there.124 East 117th Street (Google Maps)Whether a landlord like Emerald Equity kept the security deposit in the proper account would be “very hard to track,” said one multifamily lender.Emerald Equity declined to comment on the filing, or whether it keeps security deposits separate in its other holdings in New York City.Still, Blaine Schwadel, an attorney at Rosenberg & Estis, said that experienced multifamily operators he represents “know the rules and complain about them,” but toe the line.Compared with New York City’s multi-generational multifamily firms, such as LeFrak and Cammeby’s International, Emerald Equity is a relative newcomer to the scene. The firm made a raft of multifamily purchases from 2016 to 2019, primarily in Manhattan and the Bronx, with financial backing from institutional investors.The firm’s plan to raise rents was largely scuttled by the 2019 changes to the rent law, and part of its portfolio has subsequently fallen into distress.Several multifamily landlords said that security deposits might not be kept in a separate account due to negligence, but said such an oversight at 11 buildings spanning multiple years would be unlikely.Keeping security deposits with operating funds is “not a widespread practice,” said Schwadel, who offered an alternative rationale for the practice. “It seems to me [Emerald Equity] is just lazy.”Contact Georgia Kromrei DistressEast HarlemIsaac KassirerMultifamilylast_img read more

BYU Offensive Line Named To Joe Moore Award Watch List

first_imgNovember 23, 2020 /Sports News – Local BYU Offensive Line Named To Joe Moore Award Watch List Written by Brad James FacebookTwitterLinkedInEmailNEW YORK-Monday, No. 8 BYU football had its offensive line, in its entirety, named to the Joe Moore Award Watch List.The Cougars are one of 22 teams being considered for this annual award which recognizes the nation’s most outstanding offensive line.This announcement was made by The Foundation For Teamwork which has annually presented this award since 2015.This unit plays an integral role in the Cougars ranking No. 4 nationally in points per game (47.6 points per game) and No. 7 in the nation in net yards per contest (535.8 yards per game).BYU leads the nation in plays of 30 yards or more and is second in the country in plays of 10 or more yards and plays of 20 or more yards.The Cougars’ offensive line is bolstered by junior left tackle Brady Christensen and junior center James Empey, candidates for the Outland Trophy (the best interior lineman in FBS college football) and the Rimington  Trophy (the best center in FBS college football) respectively.The Cougars have surrendered only eight sacks this season.Other college football squads with offensive lines nominated for this award are as follows:Air ForceAlabamaArmyCincinnatiCoastal CarolinaGeorgiaIowaIowa StateKentuckyLouisianaLouisvilleMississippiNorth TexasNotre DameOhio StateOregonSan Diego StateTexas A&MUCLAVirginia TechWisconsin Tags: BYU Footballlast_img read more

Average rents in England and Wales reach record high

first_imgHome » News » Housing Market » Average rents in England and Wales reach record high previous nextHousing MarketAverage rents in England and Wales reach record highThe gross yield on a typical rental property in England and Wales increased in July, new data shows.The Negotiator27th August 20150574 Views Average residential rents in England and Wales rose above £800 for the first time in July following the fastest monthly increase since records began six years ago.The figures from the latest buy-to-let index from Your Move and Reeds Rains reveal that rents increased by an average of 1.9 per cent across England and Wales to £804 per calendar month in July, up from £789 the previous month and a rise of 6.8 per cent year-on-year.Rental price increases in July were led by London, where rents rose by an average of 12.1 per cent year-on-year, followed by the East of England, up 12 per cent to stand at £838pcm.A breakdown of the figures reveal that all 10 regions saw rents increase on an annual basis last month, with London, Yorkshire and the Humber (£582 on average), and the East (£584) and West Midlands (£583) all seeing record rent peaks.Two regions saw rents decline on a monthly basis, with a 0.1 per cent month-on -month fall in Wales and the East of England.Higher rents are unsurprisingly being fuelled primarily by the widening supply-demand imbalance in the rental market, according to Adrian Gill (left), Director of Reeds Rains and Your Move.He commented, “A clear and concerted effort towards new-build properties is the most sensible way to address this issue. It boils down to supply and demand. However, it’s not the only possible response. The Government could also ensure that we’re making the most efficient use of our small supply of homes, for instance by doing more to make it easier for people to downsize their properties when they want to.”The data from the buy-to-let index also shows that the gross yield on a typical rental property in England and Wales increased to 5.2 per cent in July, up from 5.1 per cent the preceding month and 5 per cent in July 2014.However, total annual returns dropped last month, with landlords in England and Wales witnessing overall returns of 8.7 per cent, on average, over the year ending July 2015, marking a significant drop from the 10 per cent recorded in June and 12.5 per cent in the year ending July 2014.Consequently, the average landlord in England and Wales saw a gross return of £15,632, with rental income making up £8,444 and capital growth contributing £7,188 in the 12 months to July.“House price growth is easing back and this has had an effect on total annual returns. However, rental yields are perking up to compensate,” Gill added.Separate figures released by HomeLet earlier this month also showed that rents are rising across most part of the country, with rent price increases running ahead of inflation and house price growth. The latest Rental Index reveals that average UK rents rose by 11.8 per cent year-on-year in July to stand at an average of £977 per month, or £761 excluding Greater London.Rental price rises, according to the HomeLet data, was led by the South West of England where rent prices on new tenancy agreements signed in the three months to July were 11.4 per cent higher than in the same period of last year, while in Scotland they rose 11.2 per cent and in the South East of England there was growth of 10.3 per cent.Martin Totty, Chief Executive Officer of Barbon Insurance Group, parent company of HomeLet, commented, “The index demonstrates just how broad based the rise in rent prices has now become, confirming that this is a UK wide trend. Regions which have long been associated with a buoyant rentals sector, such as London, continue to experience rising prices, but rents are also rising in many other parts of the country at similar rates.”“The South West of England, for example, is benefitting from its popularity with those attracted to the area for lifestyle reasons, as well as the strong local economy in many of the towns and cities of the region,” he added.Martin Totty Arian Gill average rents residential rents August 27, 2015The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles 40% of tenants planning a move now that Covid has eased says Nationwide3rd May 2021 Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021last_img read more