Making Internet Money

I sincerely hope followers of the Network Neutrality (NN) debate were wearing their seatbelts last week.  The pro-NN Media Marxists’ rapid lurch in position on the issue would otherwise have ensured full chiropractor employment for a pronounced period of time.

What led to this The-Ends-Justify-Any-Means-Necessary backflip is the Cablevision-Fox dustup over fees Cablevision pays Fox to retransmit the latter’s programming.  The two parties couldn’t reach an agreement, the contract elapsed and Fox pulled its channels from the Cablevision lineup.

Fox then went a step further, temporarily making some of its online content unavailable to Cablevision subscribers.

Let us be clear what happened here.  The Content Provider (Fox) had prevented the Internet Service Provider (Cablevision) from access to its online content.

And after all, it is Fox’s property.  They paid a LOT of money for its creation, development and deployment – they can do with it whatever they wish.  They can offer it to whomever, or not offer it to anyone at all.  If they want to withhold some or all of it from some or all people, that is their prerogative – especially when they are not being paid for it.

It is here that the pro-Net Neutrality crowd jumped the intellectual shark.  Well, again.  They asserted that Fox – by not giving away their property online – was in violation of the Media Marxists’ warped definition of NN.

And that Fox’s “violation” served as further “justification” for Federal Communications Commission (FCC)-mandated Net Neutrality – and the radical, extra-lawful Internet power grab they have been demanding the FCC make so as to commandeer the authority necessary to enact and enforce it.

(An investment-devastating move which the FCC may very well execute as soon as November 30th.)

FCC Commissioner Michael Copps said in a statement:

For a broadcaster to pull programming from the Internet for a cable company’s subscribers, as apparently happened here, directly threatens the open Internet.

And Art Brodsky, Director of Communications for Public Knowledge, wrote:

Fox committed what should be considered one of the grossest violations of the open Internet committed by a U.S. company….

In this case, of course, it’s the content provider that was doing the blocking…. (B)ut it shouldn’t matter who is keeping consumers away from the lawful content….

If one values the open Internet, however, there should be rules against that sort of thing, whether the blocking is done by the ISP or by a content provider….

Yes, it would be nice if someone (like the FCC) could step in and tell Fox that it is unacceptable to block Internet content.

For years these Leftists have been vociferously insisting that the enemies of NN are the evil Internet Service Providers – who would allegedly block access to online fare.  And thusly Net Neutrality was required to stop them from so doing.

But by attempting to frame the Cablevision-Fox dispute in NN terms – by demanding that Fox give away its content to everyone – the pro-NN gaggle clearly demonstrates that this fight is not (just) about ACCESS to Internet content – it is about GOVERNMENT CONTROL of Internet content.

They seek to neutralize the Internet – by having the government control its content.

Of course, they have all along stridently asserted that Net Neutrality is not about this.

Right-wing media have falsely claimed that the net neutrality principle supported by the Obama administration is an attempt by the government to control Internet content. In fact, net neutrality does not mean government control of content on the Internet; rather, net neutrality ensures equal and open access for consumers and producers of content and applications…

But their demands of Fox clearly demonstrate that it is.

Yesterday, it was about access to content.  Today, it’s the government demanding content providers give away the products they produce.

Tomorrow, it will be the government demanding content providers pull from the Web the products they produce.  Shutting you up by insisting you shut it down.

After all, government control is government control.  Once they have it, they have it all the way.

How pathetically sad it is that the ACLU – the alleged champion of the First Amendment – has so readily sacrificed it on the altar of Leftist ideology.  And done so in such an intellectually vacuous fashion – the First Amendment protects us from GOVERNMENT censorship, not the actions of private companies or individuals.

To say that force feeding the nation Net Neutrality is a First Amendment imperative is both factually and morally bankrupt.

Has the White House been influenced by a convicted domestic terrorist for its attack on the Chamber of Commerce?

The latest assault on the Chamber has been spear-headed by none other than the President himself and picked up by David Axelrod, MoveOn.org and all the usual Astro-Turfers who receive marching orders from the DNC.  It’s become part of the standard talking points for cable-news pundits and their well-programmed guests and has been the new rallying cry for the left as they try their best to explain the imminent electoral disaster that looms on November 2nd.

But one group was well ahead of the curve on this movement to stop the Chamber of Commerce.  In fact, they even own the URL “StopTheChamber.com”.  That group is the infamous Velvet Revolution headed by convicted violent criminal and bomber, Brett Kimberlin.  In her extensive and detailed article on Kimberlin and his past violent crimes, Liberty Chick noted that left-wing blogs and main stream media organs routinely site Kimberlin and his partner, Brad Friedman as legitimate sources and as normative “watch-dogs” over-seeing right-wing election shenanigans.  The problem is, Kimberlin is a convicted domestic terrorist who has been described as a habitual liar by those who have looked into his past.

And yet, the mainstream Democrats clinging to any strategy to stop the bleeding over the next two weeks are latching on to the Stop the Chamber narrative that was first hatched at Kimberlin’s Velvet Revolution site last year.

At first glance, the StopTheChamber page looks like a clearing house for various, unfounded attacks on the Chamber of Commerce by Velvet Revolution and by politicians who repeat their assertions.  But, it doesn’t take you long to see the prominent “Donate Now” button in the center of the page.  And, it looks like it’s working.  The bottom of the page lists over 4,000 names of individuals who appear to be supporters of the movement (we have no idea if any of them realize they are putting money in the pocket of a convicted violent felon).  Interestingly, the first name on this list of individual supporters is Bill Moyers.

The Stop the Chamber campaign appears to be nothing more than a fund-raising operation that solicits donations and then produces press releases and an advertisement in the style of a Wanted poster soliciting “tips” on the CEO of the Chamber, Tom Donohue.  It seems to be a two-pronged fishing expedition:  One is fishing for “tips” that prove “criminal behavior” by Mr. Donohue and the Chamber (an expedition that has proven to be fruitless as of now), the other is fishing for donations to continue the campaign’s valuable work.

How Kimberlin has been able to pass himself off as a legitimate and respected part of the national political dialogue is a question that deserves exploring, if not some serious soul-searching from our friends on the left who appear to be ready to latch-on to anyone who might be effective for them regardless of how many disgraceful skeletons inhabit their closets.  But what is truly outrageous is how eagerly our President and his associates have followed this man’s lead in pursuing this fruitless enterprise of demonizing the Chamber, demonizing Karl Rove and demonizing the Tea Party despite the lack of evidence to substantiate the obscene charges they are leveling.

We have already heard David Axelrod’s new standard for making these accusations.  When asked if he had any proof that the Chamber was involved in campaign fraud, he responded by asking CBS’ Bob Schieffer: “Do you have any proof that they aren’t?”  That is the President’s closest advisor turning the Constitution and the Magna Carta on its head for the sake of winning a vote or two.

If they are willing to do that, then they are surely willing to align themselves with a habitual liar and convicted bomber like Kimberlin.  The question is:  Other than this site, who else will be willing to call them out on it?

AMERICAblog <b>News</b>: In Afghanistan, &#39;The insurgency seems to be <b>...</b>

News and opinion about US politics from a liberal perspective.

BREAKING <b>NEWS</b>: James Cameron&#39;s Next Films Are &#39;Avatar 2′ &amp; &#39;3′ For <b>...</b>

BREAKING NEWS: James Cameron's Next Films Are 'Avatar 2' & '3' BREAKING NEWS: James Cameron's Next Films … TV Pitch Season Coming To An End � Michael Jackson Song 'Thriller' In Center Of Pic Auction Michael Jackson Song 'Thriller' In ...

Exclusive: Yahoo Courts Former <b>News</b> Corp. Digital Exec Ross <b>...</b>

He's baaaaaack. Former Fox Interactive Media President Ross Levinsohn, that is, who is the top candidate to replace Hilary Schneider as Yahoo's US head, according to several sources close to the situation.

bench craft company complaints
bench craft company complaints

AMERICAblog <b>News</b>: In Afghanistan, &#39;The insurgency seems to be <b>...</b>

News and opinion about US politics from a liberal perspective.

BREAKING <b>NEWS</b>: James Cameron&#39;s Next Films Are &#39;Avatar 2′ &amp; &#39;3′ For <b>...</b>

BREAKING NEWS: James Cameron's Next Films Are 'Avatar 2' & '3' BREAKING NEWS: James Cameron's Next Films … TV Pitch Season Coming To An End � Michael Jackson Song 'Thriller' In Center Of Pic Auction Michael Jackson Song 'Thriller' In ...

Exclusive: Yahoo Courts Former <b>News</b> Corp. Digital Exec Ross <b>...</b>

He's baaaaaack. Former Fox Interactive Media President Ross Levinsohn, that is, who is the top candidate to replace Hilary Schneider as Yahoo's US head, according to several sources close to the situation.

bench craft company complaints bench craft company complaints

I sincerely hope followers of the Network Neutrality (NN) debate were wearing their seatbelts last week.  The pro-NN Media Marxists’ rapid lurch in position on the issue would otherwise have ensured full chiropractor employment for a pronounced period of time.

What led to this The-Ends-Justify-Any-Means-Necessary backflip is the Cablevision-Fox dustup over fees Cablevision pays Fox to retransmit the latter’s programming.  The two parties couldn’t reach an agreement, the contract elapsed and Fox pulled its channels from the Cablevision lineup.

Fox then went a step further, temporarily making some of its online content unavailable to Cablevision subscribers.

Let us be clear what happened here.  The Content Provider (Fox) had prevented the Internet Service Provider (Cablevision) from access to its online content.

And after all, it is Fox’s property.  They paid a LOT of money for its creation, development and deployment – they can do with it whatever they wish.  They can offer it to whomever, or not offer it to anyone at all.  If they want to withhold some or all of it from some or all people, that is their prerogative – especially when they are not being paid for it.

It is here that the pro-Net Neutrality crowd jumped the intellectual shark.  Well, again.  They asserted that Fox – by not giving away their property online – was in violation of the Media Marxists’ warped definition of NN.

And that Fox’s “violation” served as further “justification” for Federal Communications Commission (FCC)-mandated Net Neutrality – and the radical, extra-lawful Internet power grab they have been demanding the FCC make so as to commandeer the authority necessary to enact and enforce it.

(An investment-devastating move which the FCC may very well execute as soon as November 30th.)

FCC Commissioner Michael Copps said in a statement:

For a broadcaster to pull programming from the Internet for a cable company’s subscribers, as apparently happened here, directly threatens the open Internet.

And Art Brodsky, Director of Communications for Public Knowledge, wrote:

Fox committed what should be considered one of the grossest violations of the open Internet committed by a U.S. company….

In this case, of course, it’s the content provider that was doing the blocking…. (B)ut it shouldn’t matter who is keeping consumers away from the lawful content….

If one values the open Internet, however, there should be rules against that sort of thing, whether the blocking is done by the ISP or by a content provider….

Yes, it would be nice if someone (like the FCC) could step in and tell Fox that it is unacceptable to block Internet content.

For years these Leftists have been vociferously insisting that the enemies of NN are the evil Internet Service Providers – who would allegedly block access to online fare.  And thusly Net Neutrality was required to stop them from so doing.

But by attempting to frame the Cablevision-Fox dispute in NN terms – by demanding that Fox give away its content to everyone – the pro-NN gaggle clearly demonstrates that this fight is not (just) about ACCESS to Internet content – it is about GOVERNMENT CONTROL of Internet content.

They seek to neutralize the Internet – by having the government control its content.

Of course, they have all along stridently asserted that Net Neutrality is not about this.

Right-wing media have falsely claimed that the net neutrality principle supported by the Obama administration is an attempt by the government to control Internet content. In fact, net neutrality does not mean government control of content on the Internet; rather, net neutrality ensures equal and open access for consumers and producers of content and applications…

But their demands of Fox clearly demonstrate that it is.

Yesterday, it was about access to content.  Today, it’s the government demanding content providers give away the products they produce.

Tomorrow, it will be the government demanding content providers pull from the Web the products they produce.  Shutting you up by insisting you shut it down.

After all, government control is government control.  Once they have it, they have it all the way.

How pathetically sad it is that the ACLU – the alleged champion of the First Amendment – has so readily sacrificed it on the altar of Leftist ideology.  And done so in such an intellectually vacuous fashion – the First Amendment protects us from GOVERNMENT censorship, not the actions of private companies or individuals.

To say that force feeding the nation Net Neutrality is a First Amendment imperative is both factually and morally bankrupt.

Has the White House been influenced by a convicted domestic terrorist for its attack on the Chamber of Commerce?

The latest assault on the Chamber has been spear-headed by none other than the President himself and picked up by David Axelrod, MoveOn.org and all the usual Astro-Turfers who receive marching orders from the DNC.  It’s become part of the standard talking points for cable-news pundits and their well-programmed guests and has been the new rallying cry for the left as they try their best to explain the imminent electoral disaster that looms on November 2nd.

But one group was well ahead of the curve on this movement to stop the Chamber of Commerce.  In fact, they even own the URL “StopTheChamber.com”.  That group is the infamous Velvet Revolution headed by convicted violent criminal and bomber, Brett Kimberlin.  In her extensive and detailed article on Kimberlin and his past violent crimes, Liberty Chick noted that left-wing blogs and main stream media organs routinely site Kimberlin and his partner, Brad Friedman as legitimate sources and as normative “watch-dogs” over-seeing right-wing election shenanigans.  The problem is, Kimberlin is a convicted domestic terrorist who has been described as a habitual liar by those who have looked into his past.

And yet, the mainstream Democrats clinging to any strategy to stop the bleeding over the next two weeks are latching on to the Stop the Chamber narrative that was first hatched at Kimberlin’s Velvet Revolution site last year.

At first glance, the StopTheChamber page looks like a clearing house for various, unfounded attacks on the Chamber of Commerce by Velvet Revolution and by politicians who repeat their assertions.  But, it doesn’t take you long to see the prominent “Donate Now” button in the center of the page.  And, it looks like it’s working.  The bottom of the page lists over 4,000 names of individuals who appear to be supporters of the movement (we have no idea if any of them realize they are putting money in the pocket of a convicted violent felon).  Interestingly, the first name on this list of individual supporters is Bill Moyers.

The Stop the Chamber campaign appears to be nothing more than a fund-raising operation that solicits donations and then produces press releases and an advertisement in the style of a Wanted poster soliciting “tips” on the CEO of the Chamber, Tom Donohue.  It seems to be a two-pronged fishing expedition:  One is fishing for “tips” that prove “criminal behavior” by Mr. Donohue and the Chamber (an expedition that has proven to be fruitless as of now), the other is fishing for donations to continue the campaign’s valuable work.

How Kimberlin has been able to pass himself off as a legitimate and respected part of the national political dialogue is a question that deserves exploring, if not some serious soul-searching from our friends on the left who appear to be ready to latch-on to anyone who might be effective for them regardless of how many disgraceful skeletons inhabit their closets.  But what is truly outrageous is how eagerly our President and his associates have followed this man’s lead in pursuing this fruitless enterprise of demonizing the Chamber, demonizing Karl Rove and demonizing the Tea Party despite the lack of evidence to substantiate the obscene charges they are leveling.

We have already heard David Axelrod’s new standard for making these accusations.  When asked if he had any proof that the Chamber was involved in campaign fraud, he responded by asking CBS’ Bob Schieffer: “Do you have any proof that they aren’t?”  That is the President’s closest advisor turning the Constitution and the Magna Carta on its head for the sake of winning a vote or two.

If they are willing to do that, then they are surely willing to align themselves with a habitual liar and convicted bomber like Kimberlin.  The question is:  Other than this site, who else will be willing to call them out on it?

bench craft company complaints

AMERICAblog <b>News</b>: In Afghanistan, &#39;The insurgency seems to be <b>...</b>

News and opinion about US politics from a liberal perspective.

BREAKING <b>NEWS</b>: James Cameron&#39;s Next Films Are &#39;Avatar 2′ &amp; &#39;3′ For <b>...</b>

BREAKING NEWS: James Cameron's Next Films Are 'Avatar 2' & '3' BREAKING NEWS: James Cameron's Next Films … TV Pitch Season Coming To An End � Michael Jackson Song 'Thriller' In Center Of Pic Auction Michael Jackson Song 'Thriller' In ...

Exclusive: Yahoo Courts Former <b>News</b> Corp. Digital Exec Ross <b>...</b>

He's baaaaaack. Former Fox Interactive Media President Ross Levinsohn, that is, who is the top candidate to replace Hilary Schneider as Yahoo's US head, according to several sources close to the situation.

bench craft company complaints bench craft company complaints

AMERICAblog <b>News</b>: In Afghanistan, &#39;The insurgency seems to be <b>...</b>

News and opinion about US politics from a liberal perspective.

BREAKING <b>NEWS</b>: James Cameron&#39;s Next Films Are &#39;Avatar 2′ &amp; &#39;3′ For <b>...</b>

BREAKING NEWS: James Cameron's Next Films Are 'Avatar 2' & '3' BREAKING NEWS: James Cameron's Next Films … TV Pitch Season Coming To An End � Michael Jackson Song 'Thriller' In Center Of Pic Auction Michael Jackson Song 'Thriller' In ...

Exclusive: Yahoo Courts Former <b>News</b> Corp. Digital Exec Ross <b>...</b>

He's baaaaaack. Former Fox Interactive Media President Ross Levinsohn, that is, who is the top candidate to replace Hilary Schneider as Yahoo's US head, according to several sources close to the situation.

bench craft company complaints bench craft company complaints

AMERICAblog <b>News</b>: In Afghanistan, &#39;The insurgency seems to be <b>...</b>

News and opinion about US politics from a liberal perspective.

BREAKING <b>NEWS</b>: James Cameron&#39;s Next Films Are &#39;Avatar 2′ &amp; &#39;3′ For <b>...</b>

BREAKING NEWS: James Cameron's Next Films Are 'Avatar 2' & '3' BREAKING NEWS: James Cameron's Next Films … TV Pitch Season Coming To An End � Michael Jackson Song 'Thriller' In Center Of Pic Auction Michael Jackson Song 'Thriller' In ...

Exclusive: Yahoo Courts Former <b>News</b> Corp. Digital Exec Ross <b>...</b>

He's baaaaaack. Former Fox Interactive Media President Ross Levinsohn, that is, who is the top candidate to replace Hilary Schneider as Yahoo's US head, according to several sources close to the situation.

bench craft company complaints bench craft company complaints

How to Making Money

A 401(k) plan has lots of fees, and savvy investors may be aware of various investment-related charges – such as a management fee to a mutual fund manager's or the sales commission paid when making a transaction.



What most people don't know, however, is that 401(k) plans also include several other hidden fees that can eat away at their investments.



These include so-called "12b-1 fees" (which are marketing fees passed along to investors) and administrative costs of various types imposed by retirement plan sponsors.



Finding these fees isn't easy. In fact, you have to pore over a fund's prospectus and an annual report to ferret out exactly what charges are imposed by a 401(k) retirement plan.



Perhaps this explains why, according to an AARP survey, more than 80% of retirement plan participants have no idea what their 401(k) charges. Even worse, some people mistakenly think that investing in their 401(k) plan on the job is "free" and that no fees are charged.



In reality, in 2009, 401(k) investors in stock funds paid an average expense of .74% of their assets, while the typical bond investor paid an average of .55%, according to a report from the Investment Company Institute.



Think small numbers don't make a big difference? Think again. A GAO report found that a typical retiree will lose about $100,000 when their 401(k) plan has fees of 1.5%, instead of .5% in fees. That's just a one percentage-point difference, but it has a huge impact.



Fortunately, there is some good news on this topic and change is soon coming. Under new guidelines issued by the U.S. Labor Department, by January 1, 2012 retirement plans will have to do a better job of clearly disclosing their fees and charges. Right now, disclosure is murky at best.



In the meantime, until disclosure improves, there is an easy way to see what your employer-sponsored retirement plan is costing you.



A company called BrightScope rolled out a free service in 2009 that will rate your 401(k) plan. BrightScope has analyzed 50,000 retirement plans, which represents about 90% of the $3 trillion held in 401(k) plans.



BrightScope offers a free analysis called a Personal 401(k) fee report. It's a tool that breaks down exactly how much you're paying to have that 401(k) – in terms of a fund's overall expenses, administrative charges, marketing fees and so on.



Based on BrightScope's data, fees are all over the board, ranging from as little as .20% to as much as 5%. Small plans typically charge more than large plans, mainly because the smaller plans can't achieve the same economies of scale.



Curious to know what fees you're paying to invest through your company's 401(k) plan? Visit BrightScope's site and find out in about three minutes.

Despite the positive-sounding headline, the NYT article was actually negative in tone, starting off with a joke about how an Android developer making $1-$2 per day on his app was laughed at by his peers, while insisting "that's pretty good money!"

The blows against Android then continue with a quote from Matt Hall, co-founder of Larva Labs, who talked about the problems with Google Checkout. Then Rovio's (maker of Angry Birds) Peter Vesterbacka complained about the challenges of developing for such a fragmented environment. And then it was Hall again, with a quote that's already getting repeated on Apple-watching blogs like John Gruber’s Daring Fireball:

"Google is not associated with things you pay for, and Android is an extension of that," said Mr. Hall of Larva Labs. "You don't pay for Google apps, so it bleeds into the expectations for the third-party apps, too."

There Are Ways to Get Paid

If you want to debate the merit of the above statements, feel free to head to the comments section, but we feel the need to point out the obvious miss from the NYT article: there are alternative revenue streams for developers besides direct app sales. (After all, even Google's "free" services aren't actually free - they're monetized through advertising.)

We recently highlighted some findings related to this matter earlier this month. For example, research from mobile ad company Millennial Media found that Android ad revenue has, for the first time ever, beaten iPhone ad revenue on the company's ad network.

At the time, we wondered why, given the lower ad impression numbers (as compared with iPhone/iOS). As it turns out, Millennial's Michael Avon had some thoughts on the matter. Besides the fact that there is simply less ad inventory amid soaring demand on Android, he also shared that Android is currently a "hot" platform for advertisers as it allows them to reach first-time smartphone buyers and a more diverse set of consumers.

"We believe some advertisers are paying a premium to reach those users early in their smartphone experience," he said. "Our advertisers have also shared that Android allows them to reach a diverse set of consumers across all major carriers, making the platform highly desirable and increasing demand for the platform...With more advertiser demand per each available impression on Android, it resulted in more revenue per impression."

The NYT article also makes brief mention of the lack of an in-app purchases model for Android, another disappointment for developers, especially since we recently learned that in-app purchases generate more revenue than ads, in some app categories.

However, as we also noted last week, developers don't have to wait on Google to implement an official in-app purchase mechanism, because there are several third-party solutions already available, including Boku and Zong for virtual goods and PayPal's in-app purchases technology for physical goods.

NYT had one good thing to say about Android development: because of the store sizes (100K vs 300K apps/Android vs iPhone) it's easier to get noticed in the Android Market today than it is in the iTunes App Store. Well, at least there's that.

Breathe Better With Bitter - Science <b>News</b>

Science News. Vol. 175, March 28, 2009, p. 11. [Go to]. Citations & References : seperator. D. A. Deshpande et al. Bitter taste receptors on airway smooth muscle bronchodilate by localized calcium signaling and reverse obstruction. ...

Fox <b>News</b> Poll: GOPer Raese Leads By Two Points In WV-SEN | TPMDC

The new Fox News poll of the West Virginia Senate race has Republican businessman John Raese holding on to a narrow lead against Democratic Gov. Joe Manchin.

Nevada Voters Complain Of Problems At Polls - Las Vegas <b>News</b> Story <b>...</b>

LAS VEGAS -- Some voters in Boulder City complained on Monday that their ballot had been cast before they went to the polls, raising questions about Clark County's electronic voting machines. Tuesday, October 26, 2010.

bench craft company complaints
bench craft company complaints

Breathe Better With Bitter - Science <b>News</b>

Science News. Vol. 175, March 28, 2009, p. 11. [Go to]. Citations & References : seperator. D. A. Deshpande et al. Bitter taste receptors on airway smooth muscle bronchodilate by localized calcium signaling and reverse obstruction. ...

Fox <b>News</b> Poll: GOPer Raese Leads By Two Points In WV-SEN | TPMDC

The new Fox News poll of the West Virginia Senate race has Republican businessman John Raese holding on to a narrow lead against Democratic Gov. Joe Manchin.

Nevada Voters Complain Of Problems At Polls - Las Vegas <b>News</b> Story <b>...</b>

LAS VEGAS -- Some voters in Boulder City complained on Monday that their ballot had been cast before they went to the polls, raising questions about Clark County's electronic voting machines. Tuesday, October 26, 2010.

bench craft company complaints bench craft company complaints

A 401(k) plan has lots of fees, and savvy investors may be aware of various investment-related charges – such as a management fee to a mutual fund manager's or the sales commission paid when making a transaction.



What most people don't know, however, is that 401(k) plans also include several other hidden fees that can eat away at their investments.



These include so-called "12b-1 fees" (which are marketing fees passed along to investors) and administrative costs of various types imposed by retirement plan sponsors.



Finding these fees isn't easy. In fact, you have to pore over a fund's prospectus and an annual report to ferret out exactly what charges are imposed by a 401(k) retirement plan.



Perhaps this explains why, according to an AARP survey, more than 80% of retirement plan participants have no idea what their 401(k) charges. Even worse, some people mistakenly think that investing in their 401(k) plan on the job is "free" and that no fees are charged.



In reality, in 2009, 401(k) investors in stock funds paid an average expense of .74% of their assets, while the typical bond investor paid an average of .55%, according to a report from the Investment Company Institute.



Think small numbers don't make a big difference? Think again. A GAO report found that a typical retiree will lose about $100,000 when their 401(k) plan has fees of 1.5%, instead of .5% in fees. That's just a one percentage-point difference, but it has a huge impact.



Fortunately, there is some good news on this topic and change is soon coming. Under new guidelines issued by the U.S. Labor Department, by January 1, 2012 retirement plans will have to do a better job of clearly disclosing their fees and charges. Right now, disclosure is murky at best.



In the meantime, until disclosure improves, there is an easy way to see what your employer-sponsored retirement plan is costing you.



A company called BrightScope rolled out a free service in 2009 that will rate your 401(k) plan. BrightScope has analyzed 50,000 retirement plans, which represents about 90% of the $3 trillion held in 401(k) plans.



BrightScope offers a free analysis called a Personal 401(k) fee report. It's a tool that breaks down exactly how much you're paying to have that 401(k) – in terms of a fund's overall expenses, administrative charges, marketing fees and so on.



Based on BrightScope's data, fees are all over the board, ranging from as little as .20% to as much as 5%. Small plans typically charge more than large plans, mainly because the smaller plans can't achieve the same economies of scale.



Curious to know what fees you're paying to invest through your company's 401(k) plan? Visit BrightScope's site and find out in about three minutes.

Despite the positive-sounding headline, the NYT article was actually negative in tone, starting off with a joke about how an Android developer making $1-$2 per day on his app was laughed at by his peers, while insisting "that's pretty good money!"

The blows against Android then continue with a quote from Matt Hall, co-founder of Larva Labs, who talked about the problems with Google Checkout. Then Rovio's (maker of Angry Birds) Peter Vesterbacka complained about the challenges of developing for such a fragmented environment. And then it was Hall again, with a quote that's already getting repeated on Apple-watching blogs like John Gruber’s Daring Fireball:

"Google is not associated with things you pay for, and Android is an extension of that," said Mr. Hall of Larva Labs. "You don't pay for Google apps, so it bleeds into the expectations for the third-party apps, too."

There Are Ways to Get Paid

If you want to debate the merit of the above statements, feel free to head to the comments section, but we feel the need to point out the obvious miss from the NYT article: there are alternative revenue streams for developers besides direct app sales. (After all, even Google's "free" services aren't actually free - they're monetized through advertising.)

We recently highlighted some findings related to this matter earlier this month. For example, research from mobile ad company Millennial Media found that Android ad revenue has, for the first time ever, beaten iPhone ad revenue on the company's ad network.

At the time, we wondered why, given the lower ad impression numbers (as compared with iPhone/iOS). As it turns out, Millennial's Michael Avon had some thoughts on the matter. Besides the fact that there is simply less ad inventory amid soaring demand on Android, he also shared that Android is currently a "hot" platform for advertisers as it allows them to reach first-time smartphone buyers and a more diverse set of consumers.

"We believe some advertisers are paying a premium to reach those users early in their smartphone experience," he said. "Our advertisers have also shared that Android allows them to reach a diverse set of consumers across all major carriers, making the platform highly desirable and increasing demand for the platform...With more advertiser demand per each available impression on Android, it resulted in more revenue per impression."

The NYT article also makes brief mention of the lack of an in-app purchases model for Android, another disappointment for developers, especially since we recently learned that in-app purchases generate more revenue than ads, in some app categories.

However, as we also noted last week, developers don't have to wait on Google to implement an official in-app purchase mechanism, because there are several third-party solutions already available, including Boku and Zong for virtual goods and PayPal's in-app purchases technology for physical goods.

NYT had one good thing to say about Android development: because of the store sizes (100K vs 300K apps/Android vs iPhone) it's easier to get noticed in the Android Market today than it is in the iTunes App Store. Well, at least there's that.

bench craft company complaints

Breathe Better With Bitter - Science <b>News</b>

Science News. Vol. 175, March 28, 2009, p. 11. [Go to]. Citations & References : seperator. D. A. Deshpande et al. Bitter taste receptors on airway smooth muscle bronchodilate by localized calcium signaling and reverse obstruction. ...

Fox <b>News</b> Poll: GOPer Raese Leads By Two Points In WV-SEN | TPMDC

The new Fox News poll of the West Virginia Senate race has Republican businessman John Raese holding on to a narrow lead against Democratic Gov. Joe Manchin.

Nevada Voters Complain Of Problems At Polls - Las Vegas <b>News</b> Story <b>...</b>

LAS VEGAS -- Some voters in Boulder City complained on Monday that their ballot had been cast before they went to the polls, raising questions about Clark County's electronic voting machines. Tuesday, October 26, 2010.

bench craft company complaints bench craft company complaints

Breathe Better With Bitter - Science <b>News</b>

Science News. Vol. 175, March 28, 2009, p. 11. [Go to]. Citations & References : seperator. D. A. Deshpande et al. Bitter taste receptors on airway smooth muscle bronchodilate by localized calcium signaling and reverse obstruction. ...

Fox <b>News</b> Poll: GOPer Raese Leads By Two Points In WV-SEN | TPMDC

The new Fox News poll of the West Virginia Senate race has Republican businessman John Raese holding on to a narrow lead against Democratic Gov. Joe Manchin.

Nevada Voters Complain Of Problems At Polls - Las Vegas <b>News</b> Story <b>...</b>

LAS VEGAS -- Some voters in Boulder City complained on Monday that their ballot had been cast before they went to the polls, raising questions about Clark County's electronic voting machines. Tuesday, October 26, 2010.

bench craft company complaints bench craft company complaints

Breathe Better With Bitter - Science <b>News</b>

Science News. Vol. 175, March 28, 2009, p. 11. [Go to]. Citations & References : seperator. D. A. Deshpande et al. Bitter taste receptors on airway smooth muscle bronchodilate by localized calcium signaling and reverse obstruction. ...

Fox <b>News</b> Poll: GOPer Raese Leads By Two Points In WV-SEN | TPMDC

The new Fox News poll of the West Virginia Senate race has Republican businessman John Raese holding on to a narrow lead against Democratic Gov. Joe Manchin.

Nevada Voters Complain Of Problems At Polls - Las Vegas <b>News</b> Story <b>...</b>

LAS VEGAS -- Some voters in Boulder City complained on Monday that their ballot had been cast before they went to the polls, raising questions about Clark County's electronic voting machines. Tuesday, October 26, 2010.

bench craft company complaints bench craft company complaints

Making Money on Line

7 comments:

1. 
   Barry A. Martin
   at 3:27 pm, October 13, 2010
   
   
   
   
   

   Sure hope this is being backed up by a digital strategy.

   
   

   Looking to places a step behind us for inspiration instead of learning from examples by those a step ahead seems more than a little counter-intuitive.

   
   

   I feel like someone needs to let the newsmakers in on what’s going on.

   
    
   







2. 
   Les Wilder
   at 6:05 pm, October 13, 2010
   
   
   
   
   

   This longtime Chronicle subscriber is not surprised. Going to calendered stock seemed from the beginning like rearranging the deck chairs ….

   
   

   It would seem that the money could be better spent beefing up Editorial, now clearly reduced a flickering candle. Most of the Chron’s news hole is filled with regurgitated press releases, wire service material and real estate ads masquerading as editorial content. Not a mix that will attract the numbers advertisers really want to see.

   
   

   Each time I renew – at about $1 per day – I ask myself if it’s time to join the subscriber slippage. Could happen soon.

   
    
   







3. 
   mattymatt
   at 10:28 pm, October 13, 2010
   
   
   
   
   

   Wait wait wait.

   
   

   Do you mean to tell me that news does not automatically become more valuable when it is printed on shiny paper?

   
   

   I’d say “stop the presses,” but they’ll probably be doing that soon anyway.

   
    
   










4. 
   FXDWG69
   at 12:57 pm, October 14, 2010
   
   
   
   
   

   I suppose the MSM’s atrocious ratings (except Fox)have nothing to do with their liberal leanings. They are cutting their own throats by continuing to slant the news instead of reporting it. It’s amusing to watch, really. Insanity is defined as doing the same thing again and again, expecting a different result each time. I suppose after they’ve “liberealed” themselves out of a job and start enjoying their unemployment checks/food stamps, they’ll head back for that PHD. They are so much smarter than we rabble, after all.

   
    
   










5. 
   SF Native
   at 2:20 pm, October 19, 2010
   
   
   
   
   

   The problem with the Chron is not the paper stock but the content. They might actually gain readership if they invested in hard news instead of surface gloss – and by hard news I don’t mean lazy pickups from the wire. It would be pleasant indeed to find a newspaper that did not merely regurgitate the perceived wisdom of the pack. Shoe leather, anyone?

   
    
   

Trackbacks:

1. 
   Havas Media Lab » Disruption Landscape - 10/14/2010
   at 4:35 am, October 14, 2010
   
   
   
   
   

   Does Investing in Print Help the Bottom Line? Discouraging Evidence form the San Francisco Chronicle – Nieman Journalism Lab

   
    
   
   










2. 
   Does Investing in Print Help the Bottom Line? | mediaIDEAS' Blog
   at 2:09 am, October 18, 2010
   
   
   
   
   

   http://www.niemanlab.org/2010/10/does-investing-in-print-help-the-bottom-line-discouraging-evidence-...

   
    
   
   

Leave a comment

Name (required)

Mail (will not be published) (required)

Website

Roundup, Venture Capital, Innovation Economy

VCs Making Smaller Investments, V-Vehicle Restarting Under New CEO, Qualcomm Buys iSkoot, & More San Diego BizTech News

Bruce V. Bigelow 10/18/10

A common theme in last week’s technology news is how companies and entire industries continually remake their businesses, whether it’s the venture capital community, startup carmakers, or a San Diego company that specializes in data storage technology. Read on to see what I mean.

—As the venture capital survey data comes in from the three months that ended September 30, we’re seeing a nationwide rebound in first-time financings for startups. Data from CB Insights, the New York financial information firm, shows seed-stage deals increasing from 1 percent of the deals in the third quarter of 2009 to 11 percent of all deals during the third quarter.

—Venture capital surveys from CB Insights and the MoneyTree Report both show an increasing deal count, but a decline in the total amount of invested. In a year-over-year comparison, the MoneyTree Report showed a 7 percent decline in capital invested with a 9 percent increase in deal count during the third quarter, when venture firms invested $4.8 billion in 780 deals nationwide.

—V-Vehicle, the San Diego startup automaker, changed its name to Next Autoworks. The company, which has raised $87 million from investors that include Kleiner Perkins, Google Ventures, and T. Boone Pickens, also hired industry veteran Kathleen Ligocki as CEO.

—Overland Storage (NASDAQ: OVRL), the San Diego data storage technology specialist, acquired Sunnyvale, CA-based MaxiScale, which provides data protection and data management technologies. Financial terms were not disclosed.

—San Diego’s Qualcomm (NASDAQ: QCOM) acquired San Francisco-based mobile social networks software developer iSkoot Technologies. Financial terms were not disclosed.

—Biz Stone, a Twitter co-founder and the San Francisco-based company’s creative director, told The San Diego Union-Tribune last week that a new-and-improved version of the micro-blogging service should improve service worldwide. “It was re-architected to actually be snappier, faster – to deal with information faster,” said Stone, who was in San Diego to speak at the 2010 Tijuana Innovadora conference on innovation across the border.

—Predixion Software, based just across the Orange County line in Aliso Viejo, CA, said it had closed on $5 million in Series A financing, led by DFJ Frontier. Predixion, which specializes in low-cost, self-service in the cloud predictive analytics software, said it will use the funds to expand product development,increase sales and marketing initiatives, and expand its sales channel programs and strategic partnership activities.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call 858-202-0492

autosport.com - F1 <b>News</b>: Tweaks to be made to Korean track

Korean Grand Prix organisers are making minor modifications to the new Formula 1 track on Friday night following complaints from drivers about potential trouble spots on the new Yeongam circuit.

The Fox <b>News</b> “Lawn Jockey” and The Tolerant Left | RedState

Juan Williams' firing did not happen in a vacuum. It happened in the context of him having been the official Fox News lawn jockey stooge for years.

BREAKING <b>NEWS</b>: No Jail For Lindsay Lohan - Judge Orders Her To <b>...</b>

http://link.brightcove.com/services/link/bcpid16157557001/bctid645210306001 Lindsay Lohan caught a major break on Friday when Judge Elden Fox chose not to send her to jail and ordered her to stay in rehab at the Betty Ford Center.

eric seiger eric seiger

7 comments:

1. 
   Barry A. Martin
   at 3:27 pm, October 13, 2010
   
   
   
   
   

   Sure hope this is being backed up by a digital strategy.

   
   

   Looking to places a step behind us for inspiration instead of learning from examples by those a step ahead seems more than a little counter-intuitive.

   
   

   I feel like someone needs to let the newsmakers in on what’s going on.

   
    
   







2. 
   Les Wilder
   at 6:05 pm, October 13, 2010
   
   
   
   
   

   This longtime Chronicle subscriber is not surprised. Going to calendered stock seemed from the beginning like rearranging the deck chairs ….

   
   

   It would seem that the money could be better spent beefing up Editorial, now clearly reduced a flickering candle. Most of the Chron’s news hole is filled with regurgitated press releases, wire service material and real estate ads masquerading as editorial content. Not a mix that will attract the numbers advertisers really want to see.

   
   

   Each time I renew – at about $1 per day – I ask myself if it’s time to join the subscriber slippage. Could happen soon.

   
    
   







3. 
   mattymatt
   at 10:28 pm, October 13, 2010
   
   
   
   
   

   Wait wait wait.

   
   

   Do you mean to tell me that news does not automatically become more valuable when it is printed on shiny paper?

   
   

   I’d say “stop the presses,” but they’ll probably be doing that soon anyway.

   
    
   










4. 
   FXDWG69
   at 12:57 pm, October 14, 2010
   
   
   
   
   

   I suppose the MSM’s atrocious ratings (except Fox)have nothing to do with their liberal leanings. They are cutting their own throats by continuing to slant the news instead of reporting it. It’s amusing to watch, really. Insanity is defined as doing the same thing again and again, expecting a different result each time. I suppose after they’ve “liberealed” themselves out of a job and start enjoying their unemployment checks/food stamps, they’ll head back for that PHD. They are so much smarter than we rabble, after all.

   
    
   










5. 
   SF Native
   at 2:20 pm, October 19, 2010
   
   
   
   
   

   The problem with the Chron is not the paper stock but the content. They might actually gain readership if they invested in hard news instead of surface gloss – and by hard news I don’t mean lazy pickups from the wire. It would be pleasant indeed to find a newspaper that did not merely regurgitate the perceived wisdom of the pack. Shoe leather, anyone?

   
    
   

Trackbacks:

1. 
   Havas Media Lab » Disruption Landscape - 10/14/2010
   at 4:35 am, October 14, 2010
   
   
   
   
   

   Does Investing in Print Help the Bottom Line? Discouraging Evidence form the San Francisco Chronicle – Nieman Journalism Lab

   
    
   
   










2. 
   Does Investing in Print Help the Bottom Line? | mediaIDEAS' Blog
   at 2:09 am, October 18, 2010
   
   
   
   
   

   http://www.niemanlab.org/2010/10/does-investing-in-print-help-the-bottom-line-discouraging-evidence-...

   
    
   
   

Leave a comment

Name (required)

Mail (will not be published) (required)

Website

Roundup, Venture Capital, Innovation Economy

VCs Making Smaller Investments, V-Vehicle Restarting Under New CEO, Qualcomm Buys iSkoot, & More San Diego BizTech News

Bruce V. Bigelow 10/18/10

A common theme in last week’s technology news is how companies and entire industries continually remake their businesses, whether it’s the venture capital community, startup carmakers, or a San Diego company that specializes in data storage technology. Read on to see what I mean.

—As the venture capital survey data comes in from the three months that ended September 30, we’re seeing a nationwide rebound in first-time financings for startups. Data from CB Insights, the New York financial information firm, shows seed-stage deals increasing from 1 percent of the deals in the third quarter of 2009 to 11 percent of all deals during the third quarter.

—Venture capital surveys from CB Insights and the MoneyTree Report both show an increasing deal count, but a decline in the total amount of invested. In a year-over-year comparison, the MoneyTree Report showed a 7 percent decline in capital invested with a 9 percent increase in deal count during the third quarter, when venture firms invested $4.8 billion in 780 deals nationwide.

—V-Vehicle, the San Diego startup automaker, changed its name to Next Autoworks. The company, which has raised $87 million from investors that include Kleiner Perkins, Google Ventures, and T. Boone Pickens, also hired industry veteran Kathleen Ligocki as CEO.

—Overland Storage (NASDAQ: OVRL), the San Diego data storage technology specialist, acquired Sunnyvale, CA-based MaxiScale, which provides data protection and data management technologies. Financial terms were not disclosed.

—San Diego’s Qualcomm (NASDAQ: QCOM) acquired San Francisco-based mobile social networks software developer iSkoot Technologies. Financial terms were not disclosed.

—Biz Stone, a Twitter co-founder and the San Francisco-based company’s creative director, told The San Diego Union-Tribune last week that a new-and-improved version of the micro-blogging service should improve service worldwide. “It was re-architected to actually be snappier, faster – to deal with information faster,” said Stone, who was in San Diego to speak at the 2010 Tijuana Innovadora conference on innovation across the border.

—Predixion Software, based just across the Orange County line in Aliso Viejo, CA, said it had closed on $5 million in Series A financing, led by DFJ Frontier. Predixion, which specializes in low-cost, self-service in the cloud predictive analytics software, said it will use the funds to expand product development,increase sales and marketing initiatives, and expand its sales channel programs and strategic partnership activities.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call 858-202-0492

autosport.com - F1 <b>News</b>: Tweaks to be made to Korean track

Korean Grand Prix organisers are making minor modifications to the new Formula 1 track on Friday night following complaints from drivers about potential trouble spots on the new Yeongam circuit.

The Fox <b>News</b> “Lawn Jockey” and The Tolerant Left | RedState

Juan Williams' firing did not happen in a vacuum. It happened in the context of him having been the official Fox News lawn jockey stooge for years.

BREAKING <b>NEWS</b>: No Jail For Lindsay Lohan - Judge Orders Her To <b>...</b>

http://link.brightcove.com/services/link/bcpid16157557001/bctid645210306001 Lindsay Lohan caught a major break on Friday when Judge Elden Fox chose not to send her to jail and ordered her to stay in rehab at the Betty Ford Center.

eric seiger eric seiger

foreclosure

Foreclosure Issues Pose Risks, Should Be Resolved With Time

Summary

Recently, some issues surrounding foreclosure sale proceedings have come to the forefront, leading several large banks to halt foreclosure sale proceedings in many states. The purpose of this note is twofold: to clear up some confusion on what exactly the issues at hand are and to bring some perspective to those issues. For instance, we note that the “foreclosure issue” that we are addressing here is separate from considerations surrounding potential bank loan repurchases. After the JPMorgan Chase earnings call, in which the company announced increased repurchase reserves, the two issues seem to have been muddied.

With respect to the issues surrounding foreclosure sales, while there are some outstanding risks, we think the issues that can be definitively addressed suggest a resolution could be possible over a matter of months. While that resolution should involve time, effort, and cost, we do not believe it will result in a major long–term disruption to the housing or mortgage markets.

Background

The issues surrounding foreclosure sale proceedings were initially brought to light on September 17, when GMAC/Ally halted evictions and REO sales in 23 judicial foreclosure states. Since that time, GMAC has extended their review to all 50 states, and four other large banks have halted foreclosure sales or launched internal reviews of their foreclosure processes: Bank of America has halted foreclosure sales in 50 states, JPMorgan Chase in 41 states, PNC in 23 states, and Litton is reviewing proceedings. Wells Fargo has stated that they are reviewing all pending foreclosures, but not halting the process and are confident their processes are robust. Attorneys General from all 50 states announced Wednesday that they have formed the Mortgage Foreclosure Multistate Group to review some of the practices around foreclosures proceedings.

The “foreclosure issues” being discussed at this point seem to encompass a few distinct problems, which we think it is useful to break down: robo-signers, MERS, and trust transfers.

The Robo-Signer Issue

While judicial foreclosure proceedings vary from state to state depending on different laws, many involve the presentation of an “affidavit of debt” before the court, which certifies that an employee of the mortgage servicer is familiar with the mortgage and borrower under question. Across several servicers burdened with an increasing number of foreclosures, there were employees who allegedly signed large numbers of affidavits without “personal knowledge” of the stated information. In addition, some affidavits were not notarized at the time of affidavit signing. These deficiencies created became a problem when brought before judges.

Importantly, however, although these deficiencies introduce risk, the issue does not seem to be insurmountable. We believe that the likelihood for widespread outright forgiveness of debt in cases where affidavits were signed or attested improperly is low. The details behind resolving cases such as these are not clear from a legal standpoint, but they seem likely to be, in part, a matter of rectifying the affidavit, issues of time, effort, and cost. Similar issues exist for fixing faulty foreclosure processes from the start; it may be possible to solve the robo-signer issue by staffing up teams or via other efforts. While more costly, and likely to delay foreclosure processes a few to several months, again, in our view, the issues do not seem to be insurmountable.

The MERS Issue

A second issue that has arisen questions the validity of MERS, an electronic registration system for mortgages meant to simplify the process of transferring mortgage ownership. In the past, there have been court rulings in support of the MERS model, e.g. that holding title for the benefit of another party was valid or that foreclosure initiation in the name of MERS was valid. There have also been cases in which the model was not supported (e.g. Landmark v. Kessler in Kansas), but in most instances it seems those efforts have failed or been overturned. In the event the matters challenging MERS succeed, resolution seems to be a practical issue; while the process is unclear at this point, it may simply be a matter of assigning the mortgage from MERS to the foreclosing party in cases where foreclosure in the name of MERS is ruled against or of simply foreclosing in the name of the bank instead of in the name of MERS. There has been at least one case (U.S. Bank v. Ibanez) in Massachusetts, which calls into question the separation of legal and beneficial title holding, similar to that used in the MERS model. That case is currently under appeal.

In addition, there also seems to be some misinformation about the MERS system itself and whether some banks are utilizing it or not. MERS put out a press release yesterday to address some of these concerns, citing the fact that Chase registers their correspondent loans in MERS, but does not register their retail loans.

The Trust Transfer Issue

A third issue that has arisen concerns the validity of the trust as the owner of the mortgage for loans that have been securitized. When the  note is transferred to a trust, it is endorsed “in blank”, meaning that the owner of the note is not assigned. The note is only endorsed to the trustee or servicer on behalf of the trust if they need to institute foreclosure proceedings. Our understanding is that this is a common practice when notes are transferred to a trust. With respect to physical documents, those are delivered and held by the designated custodian for the trust. Both the seller and the custodian should have verified the existence and validity of the notes upon transfer. If there were any deficiencies, the custodian should have notified the seller to remedy any deficiencies or if they could not be remedied, put the loan back to the seller. The transfer of the notes is governed by the loan purchase agreement which also provides for evidence of ownership of the loans by the trust. Also, when the notes are transferred, the servicer records the ownership of the loans with MERS.

The Risks

The primary risk in our view is not that the affidavits issue remains unresolved, but how much time and effort the resolution will take and how far the scope of investigations expands beyond this issue. As mentioned, the Attorneys General from each state have formed a task force to look into the affidavit matter to determine if they were processed correctly under state laws. However, given that AGs from non-judicial states have joined the task force, the scope of their investigation may expand beyond this issue and lengthen the timeframe for resolution. Complicating matters is that servicers have to abide by individual state regulations with respect to foreclosure processing.

In the end, we believe that the vast majority of foreclosures will stand assuming that the actions were taken against borrowers who were delinquent. However, the end result will likely be a further extension of foreclosure timelines. We believe that the incremental increase in loss severity should be minimal if these issues can be resolved in the next 3-6 months. For servicers this means additional staffing requirements as well as increased costs. With respect to investors, headline risk will remain the predominant near term concern. Additionally, the allocation of additional costs due to advancing and legal fees will have to worked out. We do believe that the tenets of securitization, MERS, extensive legal foundation that has been established over the last 30 years, and REMIC eligibility will stand.

In other words: all shall be well, and all manner of thing shall be well.

 

This morning we've received a lot of questions over MetLife mortgage servicing operations.  The below table provided by SNL helps put the issue into perspective -- as of June 30, MetLife currently has $1.5 Bn mortgages that it services for others that are in foreclosure.  Given the size of these operations versus other financial institutions, we do not believe it is of sufficient size relative to the total organization to impact the fundamental outlook, although it remains a topic which we will continue to closely monitor.  We have also included below the text from the Moody's rating action, which highlights the concerns over the foreclosure actions for your review.


New York, October 14, 2010 -- Moody's has placed on review for possible downgrade MetLife Home Loans' Servicer Quality ("SQ") Rating of SQ2- as a primary servicer of prime residential mortgage loans. Additionally, Moody's has lowered the timeline assessment to average from above average.
 
The rating action is due to irregularities in MetLife Home Loans' foreclosure processes, specifically that employees signing affidavits did not have full personal knowledge of every item in the affidavit.  Additionally, MetLife Home Loans temporarily postponed foreclosure sales in some states. According to MetLife Home Loans, refiling affidavits, if necessary, would be completed by November. The foreclosure process irregularities and postponing of foreclosure sales could result in delayed foreclosures and longer REO timelines. The review for possible downgrade considers that the irregularities in foreclosure processes could result in legal challenges to previously completed foreclosures and reputational risk for the servicing operation. During the review period, Moody's will primarily focus on determining the increase to foreclosure and REO timelines and the effectiveness of any new procedures, if applicable. Furthermore, we will review MetLife Home Loans' quality control processes and the oversight of the foreclosure document execution department.
 
MetLife Home Loans is a division of MetLife Bank N.A., a wholly owned subsidiary of MetLife, Inc. MetLife Inc. is rated A3, on negative outlook by Moody's. MetLife Home Loans' servicing operations are located in Irving, Texas.

 

 

robert shumake twitter

The openSUSE Build Service 2.1 released - openSUSE <b>News</b>

This iteration has enhanced the web user interface of openSUSE Build Service with features that were previously only in the osc command line client. It now allows submitting of packages to other projects, showing a history of changes ...

Virginia Thomas Leaves Anita Hill a Voicemail Asking for An <b>...</b>

A few days ago, Brandeis University professor Anita Hill received a message on her voice mail at work. Political Punch Blog.

UT <b>News</b> » College of Business and Innovation featured in Princeton <b>...</b>

UT College of Business and Innovation faculty, staff, students and graduates were on top of the world — and on top of the Savage & Associates Complex for Business Learning and Engagement — celebrating the news that the college again was ...

robert shumake twitter

Foreclosure Issues Pose Risks, Should Be Resolved With Time

Summary

Recently, some issues surrounding foreclosure sale proceedings have come to the forefront, leading several large banks to halt foreclosure sale proceedings in many states. The purpose of this note is twofold: to clear up some confusion on what exactly the issues at hand are and to bring some perspective to those issues. For instance, we note that the “foreclosure issue” that we are addressing here is separate from considerations surrounding potential bank loan repurchases. After the JPMorgan Chase earnings call, in which the company announced increased repurchase reserves, the two issues seem to have been muddied.

With respect to the issues surrounding foreclosure sales, while there are some outstanding risks, we think the issues that can be definitively addressed suggest a resolution could be possible over a matter of months. While that resolution should involve time, effort, and cost, we do not believe it will result in a major long–term disruption to the housing or mortgage markets.

Background

The issues surrounding foreclosure sale proceedings were initially brought to light on September 17, when GMAC/Ally halted evictions and REO sales in 23 judicial foreclosure states. Since that time, GMAC has extended their review to all 50 states, and four other large banks have halted foreclosure sales or launched internal reviews of their foreclosure processes: Bank of America has halted foreclosure sales in 50 states, JPMorgan Chase in 41 states, PNC in 23 states, and Litton is reviewing proceedings. Wells Fargo has stated that they are reviewing all pending foreclosures, but not halting the process and are confident their processes are robust. Attorneys General from all 50 states announced Wednesday that they have formed the Mortgage Foreclosure Multistate Group to review some of the practices around foreclosures proceedings.

The “foreclosure issues” being discussed at this point seem to encompass a few distinct problems, which we think it is useful to break down: robo-signers, MERS, and trust transfers.

The Robo-Signer Issue

While judicial foreclosure proceedings vary from state to state depending on different laws, many involve the presentation of an “affidavit of debt” before the court, which certifies that an employee of the mortgage servicer is familiar with the mortgage and borrower under question. Across several servicers burdened with an increasing number of foreclosures, there were employees who allegedly signed large numbers of affidavits without “personal knowledge” of the stated information. In addition, some affidavits were not notarized at the time of affidavit signing. These deficiencies created became a problem when brought before judges.

Importantly, however, although these deficiencies introduce risk, the issue does not seem to be insurmountable. We believe that the likelihood for widespread outright forgiveness of debt in cases where affidavits were signed or attested improperly is low. The details behind resolving cases such as these are not clear from a legal standpoint, but they seem likely to be, in part, a matter of rectifying the affidavit, issues of time, effort, and cost. Similar issues exist for fixing faulty foreclosure processes from the start; it may be possible to solve the robo-signer issue by staffing up teams or via other efforts. While more costly, and likely to delay foreclosure processes a few to several months, again, in our view, the issues do not seem to be insurmountable.

The MERS Issue

A second issue that has arisen questions the validity of MERS, an electronic registration system for mortgages meant to simplify the process of transferring mortgage ownership. In the past, there have been court rulings in support of the MERS model, e.g. that holding title for the benefit of another party was valid or that foreclosure initiation in the name of MERS was valid. There have also been cases in which the model was not supported (e.g. Landmark v. Kessler in Kansas), but in most instances it seems those efforts have failed or been overturned. In the event the matters challenging MERS succeed, resolution seems to be a practical issue; while the process is unclear at this point, it may simply be a matter of assigning the mortgage from MERS to the foreclosing party in cases where foreclosure in the name of MERS is ruled against or of simply foreclosing in the name of the bank instead of in the name of MERS. There has been at least one case (U.S. Bank v. Ibanez) in Massachusetts, which calls into question the separation of legal and beneficial title holding, similar to that used in the MERS model. That case is currently under appeal.

In addition, there also seems to be some misinformation about the MERS system itself and whether some banks are utilizing it or not. MERS put out a press release yesterday to address some of these concerns, citing the fact that Chase registers their correspondent loans in MERS, but does not register their retail loans.

The Trust Transfer Issue

A third issue that has arisen concerns the validity of the trust as the owner of the mortgage for loans that have been securitized. When the  note is transferred to a trust, it is endorsed “in blank”, meaning that the owner of the note is not assigned. The note is only endorsed to the trustee or servicer on behalf of the trust if they need to institute foreclosure proceedings. Our understanding is that this is a common practice when notes are transferred to a trust. With respect to physical documents, those are delivered and held by the designated custodian for the trust. Both the seller and the custodian should have verified the existence and validity of the notes upon transfer. If there were any deficiencies, the custodian should have notified the seller to remedy any deficiencies or if they could not be remedied, put the loan back to the seller. The transfer of the notes is governed by the loan purchase agreement which also provides for evidence of ownership of the loans by the trust. Also, when the notes are transferred, the servicer records the ownership of the loans with MERS.

The Risks

The primary risk in our view is not that the affidavits issue remains unresolved, but how much time and effort the resolution will take and how far the scope of investigations expands beyond this issue. As mentioned, the Attorneys General from each state have formed a task force to look into the affidavit matter to determine if they were processed correctly under state laws. However, given that AGs from non-judicial states have joined the task force, the scope of their investigation may expand beyond this issue and lengthen the timeframe for resolution. Complicating matters is that servicers have to abide by individual state regulations with respect to foreclosure processing.

In the end, we believe that the vast majority of foreclosures will stand assuming that the actions were taken against borrowers who were delinquent. However, the end result will likely be a further extension of foreclosure timelines. We believe that the incremental increase in loss severity should be minimal if these issues can be resolved in the next 3-6 months. For servicers this means additional staffing requirements as well as increased costs. With respect to investors, headline risk will remain the predominant near term concern. Additionally, the allocation of additional costs due to advancing and legal fees will have to worked out. We do believe that the tenets of securitization, MERS, extensive legal foundation that has been established over the last 30 years, and REMIC eligibility will stand.

In other words: all shall be well, and all manner of thing shall be well.

 

This morning we've received a lot of questions over MetLife mortgage servicing operations.  The below table provided by SNL helps put the issue into perspective -- as of June 30, MetLife currently has $1.5 Bn mortgages that it services for others that are in foreclosure.  Given the size of these operations versus other financial institutions, we do not believe it is of sufficient size relative to the total organization to impact the fundamental outlook, although it remains a topic which we will continue to closely monitor.  We have also included below the text from the Moody's rating action, which highlights the concerns over the foreclosure actions for your review.


New York, October 14, 2010 -- Moody's has placed on review for possible downgrade MetLife Home Loans' Servicer Quality ("SQ") Rating of SQ2- as a primary servicer of prime residential mortgage loans. Additionally, Moody's has lowered the timeline assessment to average from above average.
 
The rating action is due to irregularities in MetLife Home Loans' foreclosure processes, specifically that employees signing affidavits did not have full personal knowledge of every item in the affidavit.  Additionally, MetLife Home Loans temporarily postponed foreclosure sales in some states. According to MetLife Home Loans, refiling affidavits, if necessary, would be completed by November. The foreclosure process irregularities and postponing of foreclosure sales could result in delayed foreclosures and longer REO timelines. The review for possible downgrade considers that the irregularities in foreclosure processes could result in legal challenges to previously completed foreclosures and reputational risk for the servicing operation. During the review period, Moody's will primarily focus on determining the increase to foreclosure and REO timelines and the effectiveness of any new procedures, if applicable. Furthermore, we will review MetLife Home Loans' quality control processes and the oversight of the foreclosure document execution department.
 
MetLife Home Loans is a division of MetLife Bank N.A., a wholly owned subsidiary of MetLife, Inc. MetLife Inc. is rated A3, on negative outlook by Moody's. MetLife Home Loans' servicing operations are located in Irving, Texas.

 

 

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The openSUSE Build Service 2.1 released - openSUSE <b>News</b>

This iteration has enhanced the web user interface of openSUSE Build Service with features that were previously only in the osc command line client. It now allows submitting of packages to other projects, showing a history of changes ...

Virginia Thomas Leaves Anita Hill a Voicemail Asking for An <b>...</b>

A few days ago, Brandeis University professor Anita Hill received a message on her voice mail at work. Political Punch Blog.

UT <b>News</b> » College of Business and Innovation featured in Princeton <b>...</b>

UT College of Business and Innovation faculty, staff, students and graduates were on top of the world — and on top of the Savage & Associates Complex for Business Learning and Engagement — celebrating the news that the college again was ...

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The openSUSE Build Service 2.1 released - openSUSE <b>News</b>

This iteration has enhanced the web user interface of openSUSE Build Service with features that were previously only in the osc command line client. It now allows submitting of packages to other projects, showing a history of changes ...

Virginia Thomas Leaves Anita Hill a Voicemail Asking for An <b>...</b>

A few days ago, Brandeis University professor Anita Hill received a message on her voice mail at work. Political Punch Blog.

UT <b>News</b> » College of Business and Innovation featured in Princeton <b>...</b>

UT College of Business and Innovation faculty, staff, students and graduates were on top of the world — and on top of the Savage & Associates Complex for Business Learning and Engagement — celebrating the news that the college again was ...

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Foreclosure Issues Pose Risks, Should Be Resolved With Time

Summary

Recently, some issues surrounding foreclosure sale proceedings have come to the forefront, leading several large banks to halt foreclosure sale proceedings in many states. The purpose of this note is twofold: to clear up some confusion on what exactly the issues at hand are and to bring some perspective to those issues. For instance, we note that the “foreclosure issue” that we are addressing here is separate from considerations surrounding potential bank loan repurchases. After the JPMorgan Chase earnings call, in which the company announced increased repurchase reserves, the two issues seem to have been muddied.

With respect to the issues surrounding foreclosure sales, while there are some outstanding risks, we think the issues that can be definitively addressed suggest a resolution could be possible over a matter of months. While that resolution should involve time, effort, and cost, we do not believe it will result in a major long–term disruption to the housing or mortgage markets.

Background

The issues surrounding foreclosure sale proceedings were initially brought to light on September 17, when GMAC/Ally halted evictions and REO sales in 23 judicial foreclosure states. Since that time, GMAC has extended their review to all 50 states, and four other large banks have halted foreclosure sales or launched internal reviews of their foreclosure processes: Bank of America has halted foreclosure sales in 50 states, JPMorgan Chase in 41 states, PNC in 23 states, and Litton is reviewing proceedings. Wells Fargo has stated that they are reviewing all pending foreclosures, but not halting the process and are confident their processes are robust. Attorneys General from all 50 states announced Wednesday that they have formed the Mortgage Foreclosure Multistate Group to review some of the practices around foreclosures proceedings.

The “foreclosure issues” being discussed at this point seem to encompass a few distinct problems, which we think it is useful to break down: robo-signers, MERS, and trust transfers.

The Robo-Signer Issue

While judicial foreclosure proceedings vary from state to state depending on different laws, many involve the presentation of an “affidavit of debt” before the court, which certifies that an employee of the mortgage servicer is familiar with the mortgage and borrower under question. Across several servicers burdened with an increasing number of foreclosures, there were employees who allegedly signed large numbers of affidavits without “personal knowledge” of the stated information. In addition, some affidavits were not notarized at the time of affidavit signing. These deficiencies created became a problem when brought before judges.

Importantly, however, although these deficiencies introduce risk, the issue does not seem to be insurmountable. We believe that the likelihood for widespread outright forgiveness of debt in cases where affidavits were signed or attested improperly is low. The details behind resolving cases such as these are not clear from a legal standpoint, but they seem likely to be, in part, a matter of rectifying the affidavit, issues of time, effort, and cost. Similar issues exist for fixing faulty foreclosure processes from the start; it may be possible to solve the robo-signer issue by staffing up teams or via other efforts. While more costly, and likely to delay foreclosure processes a few to several months, again, in our view, the issues do not seem to be insurmountable.

The MERS Issue

A second issue that has arisen questions the validity of MERS, an electronic registration system for mortgages meant to simplify the process of transferring mortgage ownership. In the past, there have been court rulings in support of the MERS model, e.g. that holding title for the benefit of another party was valid or that foreclosure initiation in the name of MERS was valid. There have also been cases in which the model was not supported (e.g. Landmark v. Kessler in Kansas), but in most instances it seems those efforts have failed or been overturned. In the event the matters challenging MERS succeed, resolution seems to be a practical issue; while the process is unclear at this point, it may simply be a matter of assigning the mortgage from MERS to the foreclosing party in cases where foreclosure in the name of MERS is ruled against or of simply foreclosing in the name of the bank instead of in the name of MERS. There has been at least one case (U.S. Bank v. Ibanez) in Massachusetts, which calls into question the separation of legal and beneficial title holding, similar to that used in the MERS model. That case is currently under appeal.

In addition, there also seems to be some misinformation about the MERS system itself and whether some banks are utilizing it or not. MERS put out a press release yesterday to address some of these concerns, citing the fact that Chase registers their correspondent loans in MERS, but does not register their retail loans.

The Trust Transfer Issue

A third issue that has arisen concerns the validity of the trust as the owner of the mortgage for loans that have been securitized. When the  note is transferred to a trust, it is endorsed “in blank”, meaning that the owner of the note is not assigned. The note is only endorsed to the trustee or servicer on behalf of the trust if they need to institute foreclosure proceedings. Our understanding is that this is a common practice when notes are transferred to a trust. With respect to physical documents, those are delivered and held by the designated custodian for the trust. Both the seller and the custodian should have verified the existence and validity of the notes upon transfer. If there were any deficiencies, the custodian should have notified the seller to remedy any deficiencies or if they could not be remedied, put the loan back to the seller. The transfer of the notes is governed by the loan purchase agreement which also provides for evidence of ownership of the loans by the trust. Also, when the notes are transferred, the servicer records the ownership of the loans with MERS.

The Risks

The primary risk in our view is not that the affidavits issue remains unresolved, but how much time and effort the resolution will take and how far the scope of investigations expands beyond this issue. As mentioned, the Attorneys General from each state have formed a task force to look into the affidavit matter to determine if they were processed correctly under state laws. However, given that AGs from non-judicial states have joined the task force, the scope of their investigation may expand beyond this issue and lengthen the timeframe for resolution. Complicating matters is that servicers have to abide by individual state regulations with respect to foreclosure processing.

In the end, we believe that the vast majority of foreclosures will stand assuming that the actions were taken against borrowers who were delinquent. However, the end result will likely be a further extension of foreclosure timelines. We believe that the incremental increase in loss severity should be minimal if these issues can be resolved in the next 3-6 months. For servicers this means additional staffing requirements as well as increased costs. With respect to investors, headline risk will remain the predominant near term concern. Additionally, the allocation of additional costs due to advancing and legal fees will have to worked out. We do believe that the tenets of securitization, MERS, extensive legal foundation that has been established over the last 30 years, and REMIC eligibility will stand.

In other words: all shall be well, and all manner of thing shall be well.

 

This morning we've received a lot of questions over MetLife mortgage servicing operations.  The below table provided by SNL helps put the issue into perspective -- as of June 30, MetLife currently has $1.5 Bn mortgages that it services for others that are in foreclosure.  Given the size of these operations versus other financial institutions, we do not believe it is of sufficient size relative to the total organization to impact the fundamental outlook, although it remains a topic which we will continue to closely monitor.  We have also included below the text from the Moody's rating action, which highlights the concerns over the foreclosure actions for your review.


New York, October 14, 2010 -- Moody's has placed on review for possible downgrade MetLife Home Loans' Servicer Quality ("SQ") Rating of SQ2- as a primary servicer of prime residential mortgage loans. Additionally, Moody's has lowered the timeline assessment to average from above average.
 
The rating action is due to irregularities in MetLife Home Loans' foreclosure processes, specifically that employees signing affidavits did not have full personal knowledge of every item in the affidavit.  Additionally, MetLife Home Loans temporarily postponed foreclosure sales in some states. According to MetLife Home Loans, refiling affidavits, if necessary, would be completed by November. The foreclosure process irregularities and postponing of foreclosure sales could result in delayed foreclosures and longer REO timelines. The review for possible downgrade considers that the irregularities in foreclosure processes could result in legal challenges to previously completed foreclosures and reputational risk for the servicing operation. During the review period, Moody's will primarily focus on determining the increase to foreclosure and REO timelines and the effectiveness of any new procedures, if applicable. Furthermore, we will review MetLife Home Loans' quality control processes and the oversight of the foreclosure document execution department.
 
MetLife Home Loans is a division of MetLife Bank N.A., a wholly owned subsidiary of MetLife, Inc. MetLife Inc. is rated A3, on negative outlook by Moody's. MetLife Home Loans' servicing operations are located in Irving, Texas.

 

 

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The openSUSE Build Service 2.1 released - openSUSE <b>News</b>

This iteration has enhanced the web user interface of openSUSE Build Service with features that were previously only in the osc command line client. It now allows submitting of packages to other projects, showing a history of changes ...

Virginia Thomas Leaves Anita Hill a Voicemail Asking for An <b>...</b>

A few days ago, Brandeis University professor Anita Hill received a message on her voice mail at work. Political Punch Blog.

UT <b>News</b> » College of Business and Innovation featured in Princeton <b>...</b>

UT College of Business and Innovation faculty, staff, students and graduates were on top of the world — and on top of the Savage & Associates Complex for Business Learning and Engagement — celebrating the news that the college again was ...

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The openSUSE Build Service 2.1 released - openSUSE <b>News</b>

This iteration has enhanced the web user interface of openSUSE Build Service with features that were previously only in the osc command line client. It now allows submitting of packages to other projects, showing a history of changes ...

Virginia Thomas Leaves Anita Hill a Voicemail Asking for An <b>...</b>

A few days ago, Brandeis University professor Anita Hill received a message on her voice mail at work. Political Punch Blog.

UT <b>News</b> » College of Business and Innovation featured in Princeton <b>...</b>

UT College of Business and Innovation faculty, staff, students and graduates were on top of the world — and on top of the Savage & Associates Complex for Business Learning and Engagement — celebrating the news that the college again was ...

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The openSUSE Build Service 2.1 released - openSUSE <b>News</b>

This iteration has enhanced the web user interface of openSUSE Build Service with features that were previously only in the osc command line client. It now allows submitting of packages to other projects, showing a history of changes ...

Virginia Thomas Leaves Anita Hill a Voicemail Asking for An <b>...</b>

A few days ago, Brandeis University professor Anita Hill received a message on her voice mail at work. Political Punch Blog.

UT <b>News</b> » College of Business and Innovation featured in Princeton <b>...</b>

UT College of Business and Innovation faculty, staff, students and graduates were on top of the world — and on top of the Savage & Associates Complex for Business Learning and Engagement — celebrating the news that the college again was ...

robert shumake hall of shame

The openSUSE Build Service 2.1 released - openSUSE <b>News</b>

This iteration has enhanced the web user interface of openSUSE Build Service with features that were previously only in the osc command line client. It now allows submitting of packages to other projects, showing a history of changes ...

Virginia Thomas Leaves Anita Hill a Voicemail Asking for An <b>...</b>

A few days ago, Brandeis University professor Anita Hill received a message on her voice mail at work. Political Punch Blog.

UT <b>News</b> » College of Business and Innovation featured in Princeton <b>...</b>

UT College of Business and Innovation faculty, staff, students and graduates were on top of the world — and on top of the Savage & Associates Complex for Business Learning and Engagement — celebrating the news that the college again was ...

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The openSUSE Build Service 2.1 released - openSUSE <b>News</b>

This iteration has enhanced the web user interface of openSUSE Build Service with features that were previously only in the osc command line client. It now allows submitting of packages to other projects, showing a history of changes ...

Virginia Thomas Leaves Anita Hill a Voicemail Asking for An <b>...</b>

A few days ago, Brandeis University professor Anita Hill received a message on her voice mail at work. Political Punch Blog.

UT <b>News</b> » College of Business and Innovation featured in Princeton <b>...</b>

UT College of Business and Innovation faculty, staff, students and graduates were on top of the world — and on top of the Savage & Associates Complex for Business Learning and Engagement — celebrating the news that the college again was ...

robert shumake detroit

In this terrible market of foreclosed homes across the world, I have truly experienced this disaster, first hand. It started 4 years ago when my husband and I saw a home we wanted to purchase and the real estate agent saying "I will get you into this home". Boy, he was not lying. After approximately 1 week, we were sitting at the table closing. We had told him upfront what we wanted to pay, before we knew it we had to have two loans taken out on the home. The first was an A.R.M. and the second, a balloon note. All we knew is we would have two years before the first would adjust the interest rate. We were so excited to get the home, we signed away, page, after page, after page. We had four boys so we had to provide them a home.

Two years went by and we were enjoying living in "our home".. We received our first rate increase of $300. WOW! This was going to be hard to make, considering our wages sure didn't increase, but every thing else around us did. We didn't know how we were going to make ends meet, all we knew is, we were going to work as hard as we can as fast as we can and try to make ends meet. Every 6 months thereafter, we received a notice saying our mortgage payment was going up, we were "robbing peter to pay paul", you know what I am talking about. The fourth year our mortgage had increased by $700.00. We knew we no longer could afford our home. I made every attempt, every day, sometimes two times a day to try and contact someone from the mortgage company. We didn't matter to them, we were just an"account number to them"..... They were not willing to work out any deals with us. After all attempts of researching and trying to find help, we were forced to foreclose on our home. We began searching for somewhere else to live with our boys and our pets. We started receiving notices in the mail about the foreclosure process.. We didn't want to stay in the house and be evicted like so many others. We actually were offered a "cash for keys" deal, so basically, if we throw all our trash away and leave the home in "broom swept" clean condition, they would give us some money. We found a place to live and are all happy but still trying to cope with the whirlwind of events that took place in our lives the past year.

I have convinced my husband that it is truly not the house that makes a happy home, it is who is inside the house that makes the house a happy home. I believe when you can make it through hard times, it is not how hard you have fallen, it is how you get up. :0)


robert shumake hall of shame

The openSUSE Build Service 2.1 released - openSUSE <b>News</b>

This iteration has enhanced the web user interface of openSUSE Build Service with features that were previously only in the osc command line client. It now allows submitting of packages to other projects, showing a history of changes ...

Virginia Thomas Leaves Anita Hill a Voicemail Asking for An <b>...</b>

A few days ago, Brandeis University professor Anita Hill received a message on her voice mail at work. Political Punch Blog.

UT <b>News</b> » College of Business and Innovation featured in Princeton <b>...</b>

UT College of Business and Innovation faculty, staff, students and graduates were on top of the world — and on top of the Savage & Associates Complex for Business Learning and Engagement — celebrating the news that the college again was ...

robert shumake detroit

The openSUSE Build Service 2.1 released - openSUSE <b>News</b>

This iteration has enhanced the web user interface of openSUSE Build Service with features that were previously only in the osc command line client. It now allows submitting of packages to other projects, showing a history of changes ...

Virginia Thomas Leaves Anita Hill a Voicemail Asking for An <b>...</b>

A few days ago, Brandeis University professor Anita Hill received a message on her voice mail at work. Political Punch Blog.

UT <b>News</b> » College of Business and Innovation featured in Princeton <b>...</b>

UT College of Business and Innovation faculty, staff, students and graduates were on top of the world — and on top of the Savage & Associates Complex for Business Learning and Engagement — celebrating the news that the college again was ...