The Pros And Cons Of Variable Rate Mortgages

By Zhanna Krupnikov

Under Variable rate mortgages, the interest rate varies according to prevalent market conditions. Mortgage lenders in Richmond Hill also offer variable rate mortgages, which come with a fixed rate for several years, and then change to another rate, either variable or fixed, for the remaining period.

One benefit of variable rate mortgages in Richmond Hill is that they feature lower rates and payments during the initial loan term. Please note that, while it is true that a variable rate mortgage provides lower interest rate, it applies only in the short-term. This is a very dangerous position to be in, as you will be stuck with a high payment, further increasing every month, to perhaps a point where you can no longer afford even the monthly payments. Missed payments along with no home equity will strike a blow to your credit rating and you will not qualify for traditional refinancing mortgages and would be risking foreclosure.

Since variable rate mortgages are determined by market indices, they allow you to take advantage of falling rates without having to resort to refinancing in Richmond Hill.

Variable rate mortgage in Richmond Hill offers an inexpensive solution to borrowers who do not intend on staying in one place for a long time or intend to pay off their mortgage or sell their home before the expiry of the fixed rate period.

[youtube]http://www.youtube.com/watch?v=nd1SvkpZUMY[/youtube]

Borrowers are tempted with the low introductory payments under variable rate mortgages. However, if you are not careful and rely on the wrong mortgage lender in Richmond Hill, this kind of mortgage could turn into a nightmare.

The main reason why borrowers must exercise extra caution is that, after the expiry of the fixed rate period, the interest rate increases to an abysmal amount causing your monthly payments to rise by hundreds of dollars. This can throw you into a hazardous tailspin.

Also, in case of economic meltdown, your property value is likely to crash. In such a scenario, if you had refinanced your property value, using a variable rate mortgage, you will end up owing more than the adjusted value of your home. This is a very dangerous position to be in, as you will be stuck with a high payment, further increasing every month, to perhaps a point where you can no longer afford even the monthly payments. Missed payments along with no home equity will strike a blow to your credit rating and you will not qualify for traditional refinancing mortgages and would be risking foreclosure.

In summary, variable rate mortgages have their fair share of pros and cons. It is important for you to do your research, weigh your decision after a careful analysis and stay tuned in to the market. It is advisable to refinance before the expiry of the fixed rate period or you may be in for more than a rude shock!

For more information, you may contact:

Allegro Mortgages Corp. – Best Broker for All Your Financing Requirements (416) 987-0008

Check out amortgages.ca for information on different refinancing options.

About the Author: Please visit the website Amortgages.ca if you are interested to learn more about mortgage rate Richmond Hill or mortgages Toronto. The website also provides information on mortgage for self employed.

Source: isnare.com

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Non-sponsors’ logos plastered by peeved Paralympians

Friday, May 18, 2012

Bruce, Canberra — In an exclusive interview with Wikinews, Australian Paralympians Evan O’Hanlon and Scott Reardon discussed the increased professionalism of their sport, and the challenges elite athletes now face in securing sponsorship deals.

O’Hanlon, with the support of his Australian teammates, is on a mission to professionalise Paralympic athletics. He is leading a charge to encourage runners to cover the logos on shoes they wear to training and in competition because he believes that many people who see him in pictures when he wins world records think his shoes are paid for by sponsors; they are not.

Paralympic athletic competitors must buy their own shoes; while Australian Paralympic competitors receive support from the government, they still must pay for things their abled-bodied counterparts would not. O’Hanlon and Reardon believe unless competitors organise as a group and act together, they will not change the sponsorship landscape for Paralympic athletes.

Teammate Michelle Errichiello didn’t tape over the logos on her shoes, while O’Hanlon told Wikinews that he had taped over the logos on a pair of practice sprint shoes which he wouldn’t normally cover due to photographers being present at the athletics track. They intentionally choose the flesh colour of the tape to make it more noticed by spectators, highlighting their cause and raising its profile.

O’Hanlon told Wikinews reporters that additional information about these sponsorship issues could be found on his website.

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Lula: Venezuela “does not lack democracy”

Sunday, November 18, 2007

In statements to the press on November 14, the president of Brazil, Luiz Inácio Lula da Silva, defended the President of Venezuela, Hugo Chávez, and minimized the incident between him and the King of Spain, Juan Carlos I during the 17th Ibero-American Summit in Chile.

According to Brazil Agency, Lula said after meeting with the president of the Guiné-Bissau: “There is little difference in opinion between King Juan Carlos and Chavez. There are many other differences between heads of State. Divergence is part of a democratic meeting.”

The Brazilian President stressed that “Venezuela is a democratic country” and compared it with the United Kingdom: “You can criticize Chavez for anything but lack of democracy in Venezuela. In Venezuela, there were three referendums, three elections, four plebiscites… Why did nobody lament when Margaret Thatcher remained in power for so many years? It’s continuity, there is nothing different. Only the system is slightly different, the system of presidential regime to parlamentaristaan. But what matters is not the system, but the exercise of power.”

Retrieved from “https://en.wikinews.org/w/index.php?title=Lula:_Venezuela_%22does_not_lack_democracy%22&oldid=4559315”

What Are Indian Nose Jobs And How Are They Different?}

Submitted by: Moham Mad

Some ethnic groups have large and sometimes unattractive noses. If that sounds prejudiced it is not, it is a simple fact. Indian nose jobs are a common occurrence because that ethnicity tends to have large or wide noses.

The problem is that the nose can match your ethnicity without being overlarge or unattractive, but unless you do something about it and look into Indian nose jobs, you will have to live with that large or wide nose all of your life.

When you are ready to get rid of an overlarge or wide nose and are looking for a surgeon who does Indian Nose Jobs here are some tips to find the very best rhinoplasty surgeon.

.

Tip 1: Find a Rhinoplasty Surgeon Who Specializes in Indian Nose Jobs

You need to find someone who is familiar with a certain ethnicity and understands what needs to happen to perform Indian nose jobs that result in an attractive balanced natural looking outcome.

[youtube]http://www.youtube.com/watch?v=K3Pi7bgFe2k[/youtube]

Tip 2: Learn What is Involved in Indian Nose Jobs

Certain ethnicities have similar traits in the shape and appearance of their nose, for example with Indian Nose Jobs typically the person has a wide nose tip, wide nostrils and a protruding nose tip. Any correction needs to consider the ethnicity and look natural after the rhinoplasty. A great rhinoplasty surgeon will soften the look, define the features, reduce the width of the nostrils slightly and have the ability to alter the nose so it appears natural on the persons face.

Tip 3: Consult About Other Changes to Put the Face in Balance

Indian nose jobs can involve other facial changes to put facial features in balance. For example a person with a hump or high bridge on their nose may be able to have their nose straightened but the distance from the cheekbones to the bridge of the nose may still be more than the person would like. The face can be put in better balance with chin or cheek implants and reduce the protrusion of the nasal bridge. Indian nose jobs need to consider the overall appearance and may involve other procedures. Stay open to this possibility and focus on the outcome.

When you are looking for a surgeon who understands Indian nose jobs and can help you achieve a more balanced attractive look, check into Rhinoplasty Specialist, Dr. Paul S. Nassif, MD, FACS. Dr. Nassif has performed thousands of Indian nose jobs, and understands what needs to change to achieve a more attractive and yet natural look. Dr. Nassif has the finest training and credentials, including a Diplomate and Fellow of the American Board of Facial and Plastic Reconstructive Surgery, a Diplomate and Fellow of the American Board of Otolaryngology Head and Neck Surgery, Assistant Clinical Professor at USC School of Medicine and other fine credentials. Contact Dr. Nassif for a consultation from his website http://www.rhinoplastyspecialist.com/contactus.asp or call 310.275-2467.

Some ethnic groups have large and sometimes unattractive noses. If that sounds prejudiced it is not, it is a simple fact. Indian nose jobs are a common occurrence because that ethnicity tends to have large or wide noses.

The problem is that the nose can match your ethnicity without being overlarge or unattractive, but unless you do something about it and look into Indian nose jobs, you will have to live with that large or wide nose all of your life.

When you are ready to get rid of an overlarge or wide nose and are looking for a surgeon who does Indian Nose Jobs here are some tips to find the very best rhinoplasty surgeon.

.

Tip 1: Find a Rhinoplasty Surgeon Who Specializes in Indian Nose Jobs

You need to find someone who is familiar with a certain ethnicity and understands what needs to happen to perform Indian nose jobs that result in an attractive balanced natural looking outcome.

Tip 2: Learn What is Involved in Indian Nose Jobs

Certain ethnicities have similar traits in the shape and appearance of their nose, for example with Indian Nose Jobs typically the person has a wide nose tip, wide nostrils and a protruding nose tip. Any correction needs to consider the ethnicity and look natural after the rhinoplasty. A great rhinoplasty surgeon will soften the look, define the features, reduce the width of the nostrils slightly and have the ability to alter the nose so it appears natural on the persons face.

Tip 3: Consult About Other Changes to Put the Face in Balance

Indian nose jobs can involve other facial changes to put facial features in balance. For example a person with a hump or high bridge on their nose may be able to have their nose straightened but the distance from the cheekbones to the bridge of the nose may still be more than the person would like. The face can be put in better balance with chin or cheek implants and reduce the protrusion of the nasal bridge. Indian nose jobs need to consider the overall appearance and may involve other procedures. Stay open to this possibility and focus on the outcome.

When you are looking for a surgeon who understands Indian nose jobs and can help you achieve a more balanced attractive look, check into Rhinoplasty Specialist, Dr. Paul S. Nassif, MD, FACS. Dr. Nassif has performed thousands of Indian nose jobs, and understands what needs to change to achieve a more attractive and yet natural look. Dr. Nassif has the finest training and credentials, including a Diplomate and Fellow of the American Board of Facial and Plastic Reconstructive Surgery, a Diplomate and Fellow of the American Board of Otolaryngology Head and Neck Surgery, Assistant Clinical Professor at USC School of Medicine and other fine credentials. Contact Dr. Nassif for a consultation from his website http://www.rhinoplastyspecialist.com/contactus.asp or call 310.275-2467.

About the Author: For more information about Indian nose jobs please visit

rhinoplastyspecialist.com

Source:

isnare.com

Permanent Link:

isnare.com/?aid=1395867&ca=Jobs}

Eight dead and two missing after cargo ship fire in Kaliningrad, Russia

Sunday, June 8, 2008

Eight people are dead and two more are missing and presumed dead after an explosion and fire on a cargo ship undergoing repairs at a naval dockyard in Kaliningrad, Russia.

The container ship MV Yenisey was the scene of an explosion while in drydock at about 3:00 p.m. Moscow time (11:00 GMT). Ten people were missing after the explosion. It was confirmed today that the eighth body has been recovered, and the remaining two are thought to be dead as well. Three more were injured.

Captain 1st Rank Igor Dygalo, acting as a navy spokesperson, said “Each family of the victims of the fire on the Yenisey civilian vessel will be paid more than a million rubles.” This makes their compensation roughly equivalent to US$43,000.

Dygolo said that the dockyard, in the closed military town of Baltiysk, near Kaliningrad, had been leased to the Yenisey’s St Petersburg owner, a private company, who were conducting the work themselves. He said an investigation has been launched by the navy led by top admiral Vladimir Vysotsky.

Vysotski himself has indicated that serious safety legislation breaches concerning welding regulations by both the vessel’s owner and the naval dockyard’s bosses. He did not go into details, but RIA Novosti claimed that a source at the dockyard said a gas burner applied to the roof of a fuel tank to heat and therefore loosen its bolts had triggered the disaster.

Today is an official day of mourning for Kaliningrad Region to mark the deaths.

Retrieved from “https://en.wikinews.org/w/index.php?title=Eight_dead_and_two_missing_after_cargo_ship_fire_in_Kaliningrad,_Russia&oldid=3130474”

Negotiations for hijacked Saudi oil tanker begin

Thursday, November 20, 2008

Vela International Marine, the Saudi Arabian company that owns the MV Sirius Star oil tanker which was captured by pirates on November 15, has begun negotiations with the Somali pirates.

The Saudi Foreign Minister Saud al Faisal said that talks had begun, but he did not say whether a ransom would be paid. Vela International Marine, which is owned by state-owned Saudi Aramco, would only say it is “working toward [the crew’s] safe and speedy return.”

“We do not like to negotiate with pirates, terrorists or hijackers,” said Saud al Faisal in Rome, after speaking with Franco Frattini, the Foreign Minister of Italy.

Dubai-based television network Al Jazeera broadcast an audiotape of a man who said he was with the pirates. He identified himself as Farah Abd Jameh.

“Negotiators are located on board the ship and on land. Once they have agreed on the ransom, it will be taken in cash to the oil tanker. We assure the safety of the ship that carries the ransom. We will mechanically count the money and we have machines that can detect fake money,” the man said. He did not mention any specific amounts for the ransom.

We do not like to negotiate with pirates, terrorists or hijackers.

The British Foreign Office released a statement Wednesday which identified two of the crew as chief engineer Peter French and second officer James Grady. The rest of the 25-man crew are from Croatia (1), Poland (2), Philippines (19) and Saudi Arabia (1). They are all reported to be safe.

Foreign Secretary David Miliband said that the Royal Navy was coordinating a European response.

Dominique Montecer, the director of operations at GEOS Group, a corporate risk management firm, cast doubt on a military response.

“Everything is possible but it would take extraordinary means and organization, and the risk of an ecological disaster is very high. They are sitting on a bomb,” Montecer said.

“It’s certainly a very complex environment to work in — a Liberian-flagged vessel, owned by a Saudi company, in Somali waters, with so many different nationalities on board,” said Lt. Nate Christensen of the United States Navy when asked about the possibility of taking back the Sirius Star by force.

“Shipping companies are already making decisions not to go through the Gulf of Aden, and making the decision to take the much longer route around the south of Africa,” said Peter Hinchcliffe, marine director of the International Chamber of Shipping. “And with the increase in intensity of attacks, that is something that is going to be much more frequent. It’s adding let’s say an average of two weeks to the passage time.”

Since the capture of the Sirius Star, pirates in the Gulf of Aden have taken at least three other ships. These include a Chinese ship carrying wheat, a Greek bulk carrier, and a Thai fishing vessel.

The International Maritime Bureau reports that Somali pirates currently hold 14 ships along with an estimated 250 crew members. Since January, there have been over 30 hijackings in the area, while another 60 ships have been attacked.

Among the ships still held is the Ukrainian cargo ship MV Faina, which has a cargo of 33 Russian T-72 battle tanks, as well as other weapons. The Faina was hijacked on September 25.

Meanwhile, the Indian Navy has reported that it encountered and destroyed what it called a pirate “mother ship” on Tuesday. India dispatched frigate INS Tabar last month to protect its merchant shipping in the Gulf of Aden. The pirate vessel reportedly threatened the Indian frigate after it was hailed.

Several NATO members, as well as Russia, India and Malaysia have all sent warships to the region to protect merchant shipping in the area. The Combined Task Force 150, formed as a multinational coalition in the War on Terrorism, was restructured in 2006 to aid in anti-piracy efforts.

Retrieved from “https://en.wikinews.org/w/index.php?title=Negotiations_for_hijacked_Saudi_oil_tanker_begin&oldid=4458584”

Commonwealth Bank of Australia CEO apologies for financial planning scandal

Thursday, July 3, 2014

Ian Narev, the CEO of the Commonwealth Bank of Australia, this morning “unreservedly” apologised to clients who lost money in a scandal involving the bank’s financial planning services arm.

Last week, a Senate enquiry found financial advisers from the Commonwealth Bank had made high-risk investments of clients’ money without the clients’ permission, resulting in hundreds of millions of dollars lost. The Senate enquiry called for a Royal Commission into the bank, and the Australian Securities and Investments Commission (ASIC).

Mr Narev stated the bank’s performance in providing financial advice was “unacceptable”, and the bank was launching a scheme to compensate clients who lost money due to the planners’ actions.

In a statement Mr Narev said, “Poor advice provided by some of our advisers between 2003 and 2012 caused financial loss and distress and I am truly sorry for that. […] There have been changes in management, structure and culture. We have also invested in new systems, implemented new processes, enhanced adviser supervision and improved training.”

An investigation by Fairfax Media instigated the Senate inquiry into the Commonwealth Bank’s financial planning division and ASIC.

Whistleblower Jeff Morris, who reported the misconduct of the bank to ASIC six years ago, said in an article for The Sydney Morning Herald that neither the bank nor ASIC should be in control of the compensation program.

Retrieved from “https://en.wikinews.org/w/index.php?title=Commonwealth_Bank_of_Australia_CEO_apologies_for_financial_planning_scandal&oldid=3869292”

Essential Factors That Can Greatly Help You Choose Your First Safety Boots

Submitted by: Larry Mundson

If you are working in an environment like construction sites, mines and refineries, industrial plants and chemical factories, chances are your risk of getting injured is highly possible because of the risky working conditions you have. That is why it very important to be prepared for this kind of jobs to avoid accidents in the future. Among the list of protective gears you should have, one the most important are the safety shoes, which, as the name suggests, gives your toes protections and safety.

Accidents do happen in workplaces and these are realities. Safety boots may not be cheap, but in the long run, and injured feet is much more expensive to heal than buying a pair of shoes that are made for durability and protection. Safety shoes come in different designs and functionality although it s main purpose it to provide safety for your feet. Their outsoles are made from different kind of compounds that can give you better traction and grip of the ground or pavement you are working in. Most of these boots are made with metal plating inside located near the tip of the shoes that gives it a hardened and more durable frame for extra protection. When you are in a construction site and you released your hammer, even it falls directly on your foot, your toes are safe from the heavy impact a falling hammer could cause. Although traditional boots are made with steel plating inside, modern technology has allowed manufacturers to create reinforcements that are made from different composite materials that makes it more lightweight but durable as well. Industrial safety and health law require the use of such boots in some industrial settings and strictly requires certification of safety boots and place the symbols outside where it is easily seen.

[youtube]http://www.youtube.com/watch?v=jmA1taEdcHo[/youtube]

Safety boots are the most durable and tough footwear you can possibly have. They are made with metal plates inside that can protect your toes from falling heavy objects or from stepping at any pointed objects that can easily penetrate any ordinary shoes. This also offers extra protection to workers working in wet environments because these are extremely waterproof. This can prevent water and other dangerous liquid substance from sipping in inside your shoes that can potentially harm your feet.

Most safety boots comes with a symbol that indicates the protection the shoe offers. A green triangle is class 1 toe cap with puncture resistant sole and the yellow triangle is class to with the same sole feature. A white square with an ohm symbol inside is best for electrical protection; Yellow Square with SD is for anti static safety and the red square with C symbol is an electrically conductive shoe. If your working environment is the forest which requires you to use chainsaws and other equipment similar to it, look for shoes with a fir tree symbol as it indicates protection from chainsaws and other bladed stuffs.

Safety footwear is necessary in protecting you from the hazards of your working environment. Accidents always happen and the most important thing is that you are properly protected from these from head to foot.

About the Author:

Safety Boots

are very safe & comfort while heavy work available at http://www.michiganshoe.com

Source:

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Australian solar racing team parades at Sydney campus send-off

Friday, September 20, 2013

Australian solar racing team Sunswift paraded their fifth car, eVe, on the Kensington campus of the University of New South Wales, Sydney, yesterday. They are leaving for the 2013 World Solar Challenge this weekend. Both staff and students came to the send-off event in the early afternoon.

The vehicle route led from the biomed lawn of Michael Birt Gadrens in upper Kensington Campus down the University Mall to Anzac Parade with a few stops along the way at Commerce Courtyard and Globe Lawn. The driver, as well as the passenger, alighted as six members of the team carried eVe over the stairs of University Mall.

eVe, the latest car built by the Sunswift team, was designed for the new Cruiser class of the competition, and thus meets regulations for normal roads-worthy vehicles. While its predecessor IVy weighed under 150 kg, eVe weighs approximately 300 kg, with light carbon fiber monocoque construction and 15 kWh batteries weighing only 63 kg. However, eVe has achieved a similar drag coefficient, despite different overall shape and larger frontal area.

The 2013 Bridgestone World Solar Challenge is to take place on October 6–13, 2013.

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I’ll Have Another wins 2012 Preakness Stakes

Monday, May 21, 2012

The placement for first and second place at the 2012 Preakness Stakes could have been a replay of the Kentucky Derby earlier this month as I’ll Have Another came in first with Bodemeister behind in second. In this race, Creative Cause finished third.

By winning the Kentucky Derby and the 137th Preakness Stakes, I’ll Have Another has a chance at winning the US Triple Crown of thoroughbred horse racing. The final race I’ll Have Another would have to win is the Belmont Stakes, which will be held on June 9.

I’ll Have Another was not favored to win the Preakness Stakes and his odds were set at 3-1. Bodemeister, who was the favorite at 2-1 odds, was the speed horse again as he led the field for most of the race just as he did at the Kentucky Derby. This time, Creative Cause was following close behind in second by the time the field of horses reached the far turn. Just as in the Kentucky Derby, I’ll Have Another pushed faster in the final leg of the race. However, the Preakness Stakes finish was closer with I’ll Have Another squeezing by the pacesetter at the very end to win the race in 1:56.9.

Mexican jockey Mario Gutierrez has won his last four races with I’ll Have Another. He gave I’ll Have Another the credit for the finish, “No one put him in this race. He put himself into the race,” he said. Gutierrez said all he had to do was signal to the horse that it was time to challenge Bodemeister and the horse did the rest.

The winning horse is owned by financier J. Paul Reddam and trained by Doug O’Neill.

The Pimlico Race Course in Baltimore, Maryland was filled with a crowd of 121,309 to watch the Triple Crown hopeful. The last horse to win the Triple Crown was Affirmed in 1978.

THE HORSES

According to the official Pimlico website, the horses that competed this year in the Preakness Stakes by starting position include:

1. Tiger Walk is owned by Sagamore Farm, trained by Ignacio Correas IV, and was ridden by Ramon A. Dominguez.

2. Teeth of the Dog is owned by J.W. Singer. The thoroughbred is trained by Michael Matz and the jockey was Joe Bravo.

3. Pretension was the winner of the 2012 Canonero II Stakes. The horse is owned by Kidwells Petite Stable, trained by Christopher W. Grove, and was raced by Javier Santiago.

4. Zetterholm is owned by Winter Park Partners, trained by Richard E. Dutrow, Jr., and ridden by Junior Alvarado.

5. Went The Day Well is owned by Team Valor International and is trained by H. Graham Motion. His jockey was John Velazquez. This team won last year’s Kentucky Derby race with Animal Kingdom, and they took Went The Day Well to the 2012 Kentucky Derby.

6. Creative Cause is owned by Heinz Steinmann and trained by Mike Harrington. His jockey was be Joel Rosario. Creative Cause was part of the field at the Kentucky Derby, too.

7. Bodemeister, winner of the Arkansas Derby at Oaklawn Park, is trained by Bob Baffert. He is owned by Zayat Stables and his jockey was Mike Smith.

8. Daddy Nose Best was the winner of the Sunland Derby at Sunland Park and the El Camino Real Derby at Golden Gate and raced in the 2012 Kentucky Derby. He is owned by Cathy and Bob Zollars, trained by Steve Asmussen. His jockey was Julien Leparoux.

9. I’ll Have Another was the winner of the Kentucky Derby at Churchill Downs. He is owned by financier J. Paul Reddam, trained by Doug O’Neill and ridden by jockey Mario Gutierrez.

10. Optimizer is trained by D. Wayne Lukas, owned by tobacconist Brad Kelley of Bluegrass Hall LLC and ridden by Corey Nakatani. This horse raced also raced in the Kentucky Derby.

11. Cozzetti is trained by Dale Romans and was raced by Jose Lezcano The horse is owned by Albaugh Family Stables.

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