Showing posts with label by. Show all posts
Showing posts with label by. Show all posts
Sunday, September 27, 2009
Video:Ojos de cielo sung by Caterina Socci
This song starts after 21 seconds and is performed by Catherine Socci who is the daughter of Antonio Socci a prominent Italian supporter of Medjugorje and author on the apparitions. Catherine is seriously ill and in a coma. She is a student of architecture and is due to graduate having completed a thesis during the summer. Please pray for her recovery.
Wednesday, September 16, 2009
Ireland: NAMA To Purchase Loans from the banks with bonds secured by the Irish taxpayers
NAMA is a semi state body set up by the government to purchase commercial and development property loans from the banks. NAMA will purchase the loans using government bonds. In short the Irish taxpayer secures the bonds.
The Irish government, under the aegis NAMA, will pay interest on these bonds to the Irish banks at initial rate of 1.5 % interest.
NAMA will pay somewhat more to the banks for the loans than their current market value, by endeavouring to estimate what the property underlying the loans will worth in five to seven years’ time, by which time it is anticipated that a recovery may have set in. The current “market value” (the actual value) is €47 billion. But the State is going to pay €54 billion - some €7 billion on top of the current market value and 70 per cent of the book value. The problem with this is that the property market may fall further. It is also possible that the property market may not recover for a prolonged period of time. If this transpires the banks will have been overpaid for the loans and the taxpayer will be left with assets, which are worth much less than it paid for them.
The ECB will lend to the Irish banks. The government-backed bonds will secure this lending. In short the Irish taxpayer provides the collateral. The taxpayer is liable for the principle and interest on these bonds.
The ECB will NOT lend to NAMA. To do so would contravene Article 101. Sean Fleming TD-on Six One News and Willie O’Dea Minister for Defence on Morning Ireland have claimed that the ECB is funding NAMA. Their assertions are factually incorrect.
The Irish taxpayer is taking the lions share of the risk. This has the potential to go seriously wrong. Quite frankly the state will pay too much for the assets. Already Bank of Ireland and AIB shares have risen sharply today with Mr Lenihan's announcement. Good news for the banks. But what about the poor taxpayer?
According to Richard Bruton:
“The Minister is asking us to give a commitment of €54 billion, €30,000 for every household in the State,” “The taxpayer is being asked not just to buy impaired loans from the banks. We are being asked to pay billions more than the market value for them. Remarkably this extraordinary act is being done without any forensic analysis of the costs and benefits, of the risks and threats.”
The Irish government, under the aegis NAMA, will pay interest on these bonds to the Irish banks at initial rate of 1.5 % interest.
NAMA will pay somewhat more to the banks for the loans than their current market value, by endeavouring to estimate what the property underlying the loans will worth in five to seven years’ time, by which time it is anticipated that a recovery may have set in. The current “market value” (the actual value) is €47 billion. But the State is going to pay €54 billion - some €7 billion on top of the current market value and 70 per cent of the book value. The problem with this is that the property market may fall further. It is also possible that the property market may not recover for a prolonged period of time. If this transpires the banks will have been overpaid for the loans and the taxpayer will be left with assets, which are worth much less than it paid for them.
The ECB will lend to the Irish banks. The government-backed bonds will secure this lending. In short the Irish taxpayer provides the collateral. The taxpayer is liable for the principle and interest on these bonds.
The ECB will NOT lend to NAMA. To do so would contravene Article 101. Sean Fleming TD-on Six One News and Willie O’Dea Minister for Defence on Morning Ireland have claimed that the ECB is funding NAMA. Their assertions are factually incorrect.
The Irish taxpayer is taking the lions share of the risk. This has the potential to go seriously wrong. Quite frankly the state will pay too much for the assets. Already Bank of Ireland and AIB shares have risen sharply today with Mr Lenihan's announcement. Good news for the banks. But what about the poor taxpayer?
According to Richard Bruton:
“The Minister is asking us to give a commitment of €54 billion, €30,000 for every household in the State,” “The taxpayer is being asked not just to buy impaired loans from the banks. We are being asked to pay billions more than the market value for them. Remarkably this extraordinary act is being done without any forensic analysis of the costs and benefits, of the risks and threats.”
Wednesday, September 9, 2009
Saturday, August 29, 2009
Video: Edward Kennedy Funeral Mass - Ave Maria performed by Susan Graham and James David Christie
Susan Graham and James David Christie give a moving rendition of the hymn "Ave Maria" by Schubert at the funeral mass for Sen. Edward Kennedy at Our Lady of Perpetual Help Basilica church in Boston. It reminds me very much of Ave Maria as sung by Renee Fleming and Sissel.
Sunday, July 26, 2009
Iran:Videos-Tehran Vanak Area Protests - July 25, 2009
Protesters in Vanak and Mirdamad districts who chanted "death to the dictator" and "we want our vote back" were attacked and beaten by police on Saturday.
Video of Hymn St. Patrick's Breastplate, sung by Angelina (EWTN)
This hymn is taken from two CDs Songs of the Faithful and Wake Up Call. Angelina travelled to the Hill of Slane in County Meath (Ireland) to film this beautiful song. She also went over to the very famous Grafton Street in Dublin. This video was shot in one day and the director was Manuel DeTeffe of Rome. Arrangement was by Shaun Davey, mechanical and synch license were obtained through HFA. Saint Patrick's Breastplate is an old Irish Christian hymn. It is generally assumed that Saint Patrick wrote the Old Irish lyrics during his Irish ministry in the 5th century. However there is a school of thought that it may have written in the 8th century.It is part of the Liber Hymnorum (Book of Hymns)- a collection of hymns found in two manuscripts kept in Dublin.
Cecil Frances Humphreys Alexander translated the hymn from old Irish into English.
Cecil Frances Humphreys Alexander translated the hymn from old Irish into English.
Wednesday, July 8, 2009
Video and Song:United For Neda by Mams Taylor, Ft. Dariush, Sattar, Morteza and Friends
Mams Taylor produced and wrote “United For Neda” after he saw video footage of the young demonstrator shot and killed by the Basji during the Iranian crackdown in June. He brought together Iran’s most elite entertainers, poets, thinkers, actors and singers in one harmonious voice pleading for freedom, featuring three of Iran’s most iconic singers Dariush, Sattar and Morteza. If you believe in human rights for Iran and for the world, download the song and share it with your friends. (Vimeo)
Tuesday, June 23, 2009
Iran: Neda posters pulled down by state officials according to the Telegraph newspaper
Iranian security officials have begun pulling down posters of Neda Agha Soltan, the young woman who has become the face of the country's pro-democracy uprising after her death in Tehran was captured on video.
Relatives said images of Neda Agha Soltan, 27, who has been described as Iran's "Angel of Freedom" after she was apparently shot dead on Saturday, had been targeted by plain-clothed officials.
They had removed any material commemorating the 27-year-old student that had been erected near her home by sympathisers in the Iranian capital. Read full story Here.
Monday, June 22, 2009
Saturday, June 20, 2009
Thursday, June 18, 2009
Thursday, March 5, 2009
Turkey: CCTV Cameras show man hit by train and lorry survives
Video requires RealPlayer-Download here
In the dramatic footage, a train slammed into a flatbed lorry as it was crossing train tracks in the Mediterranean port city of Mersin on Feb 25.
Propelled sideways, the lorry then swept over Cem Tokac, who was standing beside the tracks.
But while the footage, released on Wednesday by Dogan news agency, showed Mr Tokac after the accident, lying motionless on the ground, incredibly the 32-year-old suffered only minor injuries.
"I can't remember anything about the accident," Mr Tokac said. "I thought I was asleep. But when I woke up, I was not in my bed. I was on the ground."
Mr Tokac, who plans to marry in April, said Feb 25 is his new birthday.
"Life is really beautiful," he said. (Telegraph)
Tuesday, February 24, 2009
Base jumping from Moscow’s Ostankino TV tower
This video shows base-jumpers take a breathtaking leap off Moscow’s Ostankino TV tower. This is Europe's tallest tower. It stands 540 metres (1772 ft) tall. It was designed by Nikolai Nikitin.
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