Why women belong on war front-lines




Vernice Armour says "bottom line is if you can do the job, you should be out there doing it...man or a woman. "




STORY HIGHLIGHTS


  • Vernice Armour: In 2004 battle in Iraq, she saved a Marine squad by shooting a missile

  • She says rescued Marines didn't care she was a woman. Now Pentagon lifting ban

  • She says women in combat roles doesn't lower standards; they have long served in military

  • Armour: Having more women on battlefield will up military's ability to carry out mission




Editor's note: Captain Vernice "FlyGirl" Armour is America's first African-American female combat pilot, having flown AH-1W Super Cobra Attack Helicopters for two tours of duty with the Marines in Iraq. She is author of the book "Zero to Breakthrough: The 7-step, Battle-Tested Method for Accomplishing Goals That Matter." She is a business coach and keynote speaker for corporations and organizations.


(CNN) -- I was sitting in the cockpit of my AH-1W Super Cobra attack helicopter when my division got a desperate call for help. It was August 2004, and I was a part of the 11th Marine Expeditionary Unit based in Iraq.


Insurgents were hitting our troops with mortar rounds. The Marine squad was out of ammunition and couldn't shoot back. They had just fought a long and fierce battle, supply reinforcements couldn't reach them and they didn't even have any green smoke to mark their position for us. They needed assistance immediately.


We took out the enemy target with the last remaining missile on our aircraft. Several months later, I was talking to a Marine. When he found out I flew Cobras, he started to recount an experience he had in Iraq in which a Cobra shot a missile and saved his squad. Turned out, it was the same mission; the missile came from my aircraft. He stared at me and said, "Ma'am, you saved my life." Did it matter that the one who fired that missile was a woman, or that she was black and gay? Absolutely not!



Vernice Armour

Vernice Armour



Fast forward almost 10 years to 2013, and history has been made for women in the military. The ban on women in military combat has been lifted, allowing women to apply for jobs in front-line positions and elite commando units.


According to statistics from Women In Military Service For America Memorial Foundation, as of September 2011, there were 214,098 women serving on active duty in the military. While that might sound like a large number, these women make up only 14.6% of all active-duty service personnel. In the Marine Corps, women make up just a little more than 6%. The Pentagon says women have been barred from roughly 237,000 positions, and they will now start looking to qualified women to fill these roles. This is long overdue.


The debate the move has raised presents an obvious reality check: Our American community needs to be educated that women are capable of taking on military roles and have done so throughout the nation's history.



Women have already proven we can handle ourselves on the front lines. And in recent times, even with the ban on women in combat in place, women have been POWs. The Lioness Program, the Marine Corps all-female search team, is an example of why we can't accomplish our front line missions without women. The reality of modern warfare is that there are no front lines.


Honestly, I am offended by how many times I hear "women in combat" and "lowering standards" used in the same sentence. True, the average man is physically stronger than the average woman. Standards should not be lowered and women don't want them to be. No one should be in a job where he or she doesn't meet the standards -- not every man, for example is fit to be a Navy SEAL.


The argument that women in combat will have a negative impact on unit cohesion and morale is the same argument that was used to keep blacks and gays out of the military. At what point do we bring a stop to these ridiculous arguments and address what really matters?








Having more women on the battlefield will improve the military's ability to carry out its mission. During my two tours flying helicopters in Iraq, my unit experienced many dangerous and potentially life-threatening scenarios. The ultimate sacrifice wasn't meted out by gender.


For those who are against women serving on the front line, know this: Opening up combat roles for women is merely formalizing the reality of what was already happening; it's just opening more roles and opportunities. The bottom line is if you can do the job, you should be out there doing it, whether you're a man or a woman.


The military has been a personal journey for me. My grandfather served in World War II and was a Montford Point Marine. My stepdad was a Marine and served three tours in Vietnam, and my father retired as a major from the Army Reserves after 24 years. I love being part of this legacy, and the legacy of service to our great nation. It's time we give women the same opportunity to serve this great country. We're all in this together.


Follow us on Twitter @CNNOpinion.


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The opinions expressed in this commentary are solely those of Vernice Armour.







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Ke$ha bringing her “crazy beautiful life” to MTV series






NEW YORK (Reuters) – Singer Ke$ ha is coming to cable television with a new reality series that promises to document the “drama, madness and euphoria” of her professional and personal life, MTV said on Tuesday.


“Ke$ ha: My Crazy Beautiful Life,” will premiere on MTV in April, the network said.






“You might have heard my voice on the radio, seen me onstage or in a music video, but that’s only a part of the story,” the 25-year-old singer, known for hits including “Tik Tok” and “We R Who We R,” said in a statement.


“With this documentary series I’m revealing a more complete picture of what my life is really like. It’s not all glamorous but it’s all real,” she added.


MTV said the “no-limits” series would depict the music star “as she navigates the drama, madness and euphoria of her professional and personal life while recording a new album and traveling the globe.”


The show was shot over two years by the singer’s brother Lagan Sebert, working with minimal crew, providing what MTV said was an unfiltered, “real and raw” look at her life.


Lagan, a journalist, said that as he watched his sister’s ascent, “I soon realized that the most amazing story was happening in my own family and it became my mission document it … I set off on a two year long journey to tell my sister’s story.”


Ke$ ha has sold 3 million albums and 30 million singles worldwide and has won MTV Europe‘s best new act award. Her most recent album was 2012′s “Warrior.”


(Reporting by Chris Michaud; Editing by Jill Serjeant and Cynthia Osterman)


TV News Headlines – Yahoo! News





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Mortgage approvals pick up again







The number of mortgages agreed by lenders for home buyers has risen for the fifth month in a row, figures from the Bank of England show.






In December, 55,785 mortgages were approved for home buyers, the most since January 2012 and, before that, the highest since December 2009.


The figures suggest that house sales will rise in the coming months.


Lenders have attributed this revival to the government’s Funding for Lending scheme (FLS).


On Tuesday, the Land Registry for England and Wales reported that house prices in England and Wales had risen by 1.7% in 2012.


Although that was the fastest rate for more than two years, the average rise was driven by price increases in London.


FLS is a scheme run by the Bank of England which, since last August, has been offering cheap funds to banks and building societies, on condition they then lend the money to personal and business customers.


The aim has been to stop overall bank lending falling any further, as part of the authorities’ strategy to stop the economy falling even deeper into recession.


The increased funding has already translated into higher sales.


Earlier this month figures from HM Revenue and Customs (HMRC) showed that house sales in the UK rose by 5% last year.


There were 932,000 completed sales in 2012, up from 885,000 the previous year, and the highest since 2007.


At the start of January the Bank of England surveyed lenders and found that lending, which had risen in the last three months of 2012, was also expected to rise “significantly” in the first three months of this year.


Mutual lenders, such as building societies, were responsible for an increased share of new mortgage lending last year.


The Building Societies Association (BSA) said new lending by its members rose by 30% in 2012.


This gave them a 22% share of the total new lending market, up from 17% in 2011.


“Mutual lenders are likely to continue to play a prominent role in the mortgage market in 2013, helped in part by the Bank of England’s Funding for Lending Scheme,” said Adrian Coles, director-general of the BSA.


“Well over half of the 35 firms signed up to the scheme in December are mutuals. The full potential of the scheme and its benefits to homebuyers will be demonstrated as the year progresses.”


BBC News – Business





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Perfect Your Trip This Valentine’s Day






LONDON, UNITED KINGDOM–(Marketwire – Jan 30, 2013) – With Valentine”s Day just around the corner, we wouldn”t be surprised if a few of you are planning to whisk your loved one away and treat them to a romantic break they can”t forget. Forget about buying a cheap bunch of flowers and a rubbish card, now”s the ideal time to go all out and really treat your partner to a dream holiday abroad.


Take them to Paris, New York, Sydney…But remember, no matter what location you choose, finding the right destination for you is only one aspect to ensuring the ultimate Valentine”s Day getaway. You need to consider the finer details, the ones which will guarantee your holiday to be the best one yet. Flying from Manchester? Then don”t forget to look into car parking Manchester Airport.






This is a brilliant way to make your vacation run more smoothly and will allow you to relax as you make your way to and from the airport. But what are your options?


Car parking at Manchester Airport


  • Meet and Greet – the best option for those preparing themselves for a holiday of complete luxury (Manchester Airport do all the hard work for you!)

  • JetParks Plus – a ten minute free shuttle bus ride and you”re almost ready to take off

  • Long Stay – this includes a free shuttle bus ride, ideal for those taking a longer break

  • Multi-storey – just a quick walk from the terminal

So if you”re looking to achieve the perfect trip this Valentine”s Day, don”t neglect those essentials you need to make it extra special!


Notes to Editors:


  • Manchester Airport car parking offers a wide range of options, both affordable and convenient. All official airport car parks are secure and easy to access from the motorway network.

Marketwire News Archive – Yahoo! Finance





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Wall Street edges lower at open after GDP data

NEW YORK (Reuters) - Stocks were flat on Wednesday as an unexpectedly weak read on fourth-quarter economic activity was offset by strong results at Boeing and Amazon.com.


Equities continued to shrug off negative news, with the S&P 500 staying above 1,500, a level that market technicians call an inflection point that will determine the overall direction in the near term.


The first read showed gross domestic product fell 0.1 percent, far below expectations for growth of 1.1 percent. However, private sector employment topped forecasts, with the ADP National Employment report showing 192,000 jobs added in January, higher than the 165,000 expectation.


"The GDP report is the only negative shock we've had in a while, and it isn't terrible since it showed increases in business and consumer spending, which is what everyone wants to drive growth from here," said Randy Frederick, managing director of active trading and derivatives for Charles Schwab in Austin, Texas.


Deeper losses were prevented by a rise in both Boeing Co and Amazon.com Inc , which rallied after earnings beat expectations, continuing a trend this quarter of high-profile names advancing after results.


Amazon.com Inc rose 6.7 percent to $277.87 a day after reporting strong revenue growth. Boeing rose 0.5 percent to $74 after its results. The Dow component also said that while production continued on its Dreamliner jet, which has had technical problems recently, it was suspending delivery until clearance was granted by the Federal Aviation Administration.


Thomson Reuters data showed that of the 174 companies in the S&P 500 that have reported earnings this season, 68.4 percent have been above analyst expectations, which is a higher proportion than over the past four quarters and above the average since 1994.


The Dow Jones industrial average <.dji> was up 5.50 points, or 0.04 percent, at 13,959.92. The Standard & Poor's 500 Index <.spx> was up 1.09 points, or 0.07 percent, at 1,508.93. The Nasdaq Composite Index <.ixic> was up 5.73 points, or 0.18 percent, at 3,159.39.


The S&P 500 is on track to post its best monthly performance since October 2011 as investors poured $55 billion in new cash into stock mutual funds and exchange-traded funds in January, the biggest monthly inflow on record.


The Dow Jones industrial average has been flirting with 14,000, a level it hasn't seen since October 2007. Many analysts have said markets may need to take a pause.


"I'm neutral on markets at these levels, even though there aren't a lot of negatives out there," Frederick said. "At some point there will be a pullback, but the underlying trends remain strong and I think it is possible the S&P could hit a new all-time high sometime this quarter."


The all-time intraday high for the S&P 500 is 1,576.09, reached October 11, 2007.


The Federal Reserve concludes a two-day meeting on Wednesday, and while the central bank is expected to keep monetary policy on a steady path, intensive debates continue behind the scenes over when the controversial bond-buying program should be curtailed.


Chesapeake Energy Corp rose 11 percent to $21.11 as the S&P's biggest percentage gainer, a day after saying Aubrey McClendon would step down as chief executive after a year in which a series of Reuters investigations triggered civil and criminal probes of the second-largest U.S. natural gas producer.


(Editing by Chizu Nomiyama and Nick Zieminski)



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A-Rod implicated in PED use again as MLB probes


NEW YORK (AP) — Alex Rodriguez is in the middle of Major League Baseball's latest doping investigation after an alternative weekly newspaper reported baseball's highest-paid star was among the big leaguers listed in the records of a Florida clinic the paper said sold performance-enhancing drugs.


The Miami New Times said Tuesday that the three-time AL MVP bought human growth hormone and other performance-enhancing substances during 2009-12 from Biogenesis of America LLC, a now-closed anti-aging clinic in Coral Gables, Fla., near Rodriguez's offseason home.


The new public relations firm for the New York Yankees third baseman issued a statement denying the allegations.


New Times said it obtained records detailing purchases by Rodriguez, 2012 All-Star game MVP Melky Cabrera, 2005 AL Cy Young Award winner Bartolo Colon and 2011 AL championship series MVP Nelson Cruz of Texas.


Cabrera left San Francisco after the season to sign with Toronto, while Oakland re-signed Colon.


Other baseball players the newspaper said appeared in the records include Washington pitcher Gio Gonzalez, who finished third in last year's NL Cy Young Award voting, and San Diego catcher Yasmani Grandal.


Biogenesis, which the New Times said was run by Anthony Bosch, was located in a beige, nondescript office park. The former clinic is no longer listed as a business in its directory,


"There was a flier put out by the building management a couple weeks ago. It was put on all the doors and windows of all the offices," said Brad Nickel, who works in a cruise planning company on the floor above where the clinic was located. "It just said this guy's not really a doctor, he doesn't belong here, he's no longer allowed here, call the police or the building management if you see him."


The New Times posted copies of what it said were Bosch's handwritten records, obtained through a former Biogenesis employee it did not identify.


Bosch's lawyer, Susy Ribero-Ayala, said in a statement the New Times report "is filled with inaccuracies, innuendo and misstatements of fact."


"Mr. Bosch vehemently denies the assertions that MLB players such as Alex Rodriguez and Gio Gonzalez were treated by or associated with him," she said.


Rodriguez appears 16 times in the documents New Times received, the paper said, either as "Alex Rodriguez," ''Alex Rod" or the nickname "Cacique," a pre-Columbian Caribbean chief.


Rodriguez admitted four years ago that he used PEDs from 2001-03. Cabrera, Colon and Grandal were suspended for 50 games each last year by MLB following tests for elevated testosterone. Responding to the testosterone use, MLB and the players' union said Jan. 10 they were authorizing the World Anti-Doping Agency laboratory outside Montreal to store each major leaguer's baseline testosterone/epitestosterone (T/E) ratio in order to detect abnormalities.


"We are always extremely disappointed to learn of potential links between players and the use of performance-enhancing substances," MLB said in a statement. "Only law enforcement officials have the capacity to reach those outside the game who are involved in the distribution of illegal performance-enhancing drugs. ... We are in the midst of an active investigation and are gathering and reviewing information."


A baseball official, speaking on condition of anonymity because he was not authorized to make public statements, said Monday that MLB did not have any documentation regarding the allegations. If MLB does obtain evidence, the players could be subject to discipline. First offenses result in a 50-game suspension and second infractions in 100-game penalties. A third violation results in a lifetime ban.


Rodriguez is sidelined for at least the first half of the season after hip surgery Jan. 16. A 50-game suspension would cost him $7.65 million of his $28 million salary.


"The news report about a purported relationship between Alex Rodriguez and Anthony Bosch are not true," Rodriguez said in a statement issued by a publicist. "He was not Mr. Bosch's patient, he was never treated by him and he was never advised by him. The purported documents referenced in the story — at least as they relate to Alex Rodriguez — are not legitimate."


Jay Reisinger, a lawyer who has represented Rodriguez in recent years, said the three-time AL MVP had retained Roy Black, an attorney from Rodriguez's hometown of Miami. Black's clients have included Rush Limbaugh and William Kennedy Smith.


Bosch did not return a phone message seeking comment.


MLB hopes to gain the cooperation of Bosch and others connected with the clinic, another baseball official said, also on condition of anonymity because no public statements on the matter were authorized. In order to successfully discipline players based on the records, witnesses would be needed to authenticate them, the official said.


Players could be asked to appear before MLB for interviews, but the official said MLB would be reluctant to request interviews before it has more evidence.


Rodriguez spent years denying he used PEDs before Sports Illustrated reported in February 2009 that he tested positive for two steroids in MLB's anonymous survey while with the Texas Rangers in 2003. Two days later, he admitted in an ESPN interview that he used PEDs over a three-year period. He has denied using PEDs after 2003.


If the new allegations were true, the Yankees would face high hurdles to get out of the final five years and $114 million of Rodriguez's record $275 million, 10-year contract. Because management and the players' union have a joint drug agreement, an arbitrator could determine that any action taken by the team amounted to multiple punishments for the same offense.


But if Rodriguez were to end his career because of the injury, about 85 percent of the money owed by the Yankees would be covered by insurance, one of the baseball officials said.


Gonzalez, 21-8 for the Washington Nationals last season, posted on his Twitter feed: "I've never used performance enhancing drugs of any kind and I never will, I've never met or spoken with tony Bosch or used any substance provided by him. anything said to the contrary is a lie."


Colon was not issuing a statement, agent Adam Katz said through spokeswoman Lisa Cohen.


"We are aware of certain allegations and inferences," Cruz's law firm, Farrell & Reisinger, said in a statement. "To the extent these allegations and inferences refer to Nelson, they are denied."


Cruz and Gonzalez had not previously been linked to performance-enhancing drugs. Cruz hit 24 home runs last year for the Rangers.


The New Times report said it obtained notes by Bosch listing the players' names and the substances they received. Several unidentified employees and clients confirmed to the publication that the clinic distributed the substances, the paper said. The employees said that Bosch bragged of supplying drugs to professional athletes but that they never saw the sports stars in the office.


The paper said the records list that Rodriguez paid for HGH; testosterone cream; IGF-1, a substance banned by baseball that stimulates insulin production; and GHRP, which releases growth hormones.


___


Associated Press writers Jennifer Kay in Coral Gables, Fla., and Curt Anderson in Miami, and AP Sports Writers Howard Fendrich and Tim Reynolds contributed to this report.


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Why haven't we learned from fires?






STORY HIGHLIGHTS


  • Pyrotechnics, overcrowding, poor exits have contributed to tragic fires in recent years

  • You would think the world would have learned from past incidents, John Barylick says

  • Concertgoers have to be their own fire marshals, he says




Editor's note: John Barylick, author of "Killer Show," a book on the 2003 Station nightclub fire in Rhode Island, is an attorney who represented victims in wrongful death and personal injury cases arising from the fire.


(CNN) -- Sunday morning we awoke to breaking news of another tragic nightclub fire, this time in Brazil. At last report the death toll exceeded 230.


This tragedy is not without precedent. Next month will mark the 10th anniversary of a similar nightclub fire in Rhode Island. At this sad time, it's appropriate to reflect on what we've learned from club fires -- and what we haven't.


Rhode Island's Station nightclub fire of 2003, in which 100 concertgoers lost their lives, began when fireworks set off by Great White, an 80s heavy metal band, ignited flammable packing foam on the club's walls.


Deadly blazes: Nightclub tragedies in recent history



John Barylick

John Barylick





Panicked patrons stampeded toward the club's main exit, and a fatal pileup ensued. Contributing to the tragedy were illegal use of pyrotechnics, overcrowding and a wall covering that would have failed even the most rudimentary flammability tests.


Video images of the Station fire were broadcast worldwide: A concert begins; the crowd's mood changes from merry, to curious, to concerned, to horrified -- in less than a minute. You'd think the world would have learned from it. You would be wrong.



The following year, the Republica Cromanon nightclub in Argentina went up in flames, killing 194 people. The club was made to hold about 1,000 people, but it was estimated that more than 3,000 fans were packed inside the night of the fire, which began when fans began lighting flares that caught the roof on fire.


Echoes of the past: Rhode Island victims 'can't help but watch'


Then, in January 2009, at least 64 New Year's revelers lost their lives in a nightclub in Bangkok, Thailand, after fire ignited its ceiling. Many were crushed in a rush to get out of the club. In December of that same year, a fire in a Russian nightclub, ignited by pyrotechnics, killed 156 people. Overcrowding, poor exits, and indoor fireworks all played roles in these tragedies; yet no one bothered to learn from mistakes of the past.


While responsibility for concert disasters unquestionably lies with venue operators, performers and promoters, ultimately, we, as patrons of clubs and concerts, can enhance our own safety by taking a few simple steps. The National Fire Protection Association urges concertgoers to:


• Be observant. Is the concert venue rundown or well-maintained? Does the staff look well-trained?


• As you proceed to your seat, observe how long the process takes. Could you reverse it in a hurry? Do you pass through pinch points? Is furniture in the way?


• Once seated, take note of the nearest exit. (In an emergency, most people try to exit by the door they entered, which is usually not the closest, and is always overcrowded.) Then, share the location of that nearest exit with your entire party. Agree that at the first sign of trouble, you will all proceed to it without delay.


• Once the show begins, remain vigilant. If you think there's a problem, LEAVE IMMEDIATELY. Do not stay to "get your money's worth" despite concerns about safety. Do not remain to locate that jacket or bag you placed somewhere. No concert is worth your life. Better to read about an incident the next day than be counted as one of its statistics.


Read more: How to protect yourself in a crowd


To be sure, all fire codes must be vigorously enforced, and club and concert hall operators must be held to the highest standards. A first step is banning indoor pyrotechnics in all but the largest, stadium-type venues.


But, ultimately, we are our own best "fire marshals" when it comes to avoiding, and escaping, dangerous situations. We can still enjoy shows. But it is up to us to look out for our own safety.


In coming days, Rhode Islanders will follow the unfolding news from Brazil with a sense of queasy deja vu -- the rising body counts, the victim identification process, the grieving families, and the assigning (and dodging) of blame. If only they had learned from our tragedy.


The opinions expressed in this commentary are solely those of John Barylick.







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Oscar nod for protest film cheers Palestinians






RAMALLAH, West Bank (Reuters) – Oscar-nominated documentary “5 Broken Cameras” screened for Palestinians for the first time on Monday, leaving locals hopeful that their struggle with Israel for land and statehood will gain a global audience.


The low-cost film is based on five years of amateur camera work by journalist Emad Burnat as he documented weekly protests against land seizures by Israeli forces and Jewish settlers in his village of Bil’in in the occupied West Bank.






Neighbors are killed in the protests and demolition equipment mars the landscape while the filmmaker captures his infant son’s rapid loss of innocence, heralded by his first words: “wall” and “army.”


“This is a film for those who were martyred. It’s bigger than me and bigger than Bil’in. More than a billion people follow the Oscars and they will know our struggle now,” Burnat said after the viewing.


His work will compete at next month’s Oscar ceremony against four other films, including a documentary called “The Gatekeepers” that looks at the decades-old Middle East conflict through the eyes of six top former Israeli intelligence bosses.


Although the perspective is very different, both movies share a surprisingly similar message — the Israeli occupation of the West Bank is morally wrong and must end.


Burnat’s film received a standing ovation at its premier in Ramallah, the Palestinians‘ administrative capital, with the audience excited to see their seemingly endless conflict splashed on the big screen.


“The film shows the whole world what occupation is. It wiped the happiness off the boy’s face at too young an age. This has been the experience for all of us,” said taxi driver Ahmed Mustafa, who brought his wife and child to the viewing


“It’s not all bad though. It shows that there is progress, there are victories, and that our cause is still alive and moving,” he said.


In 2007, Israel’s High Court ruled that the separation barrier built on Bil’in lands was illegal and ordered it rerouted, cheering activists. The ruling was finally implemented in 2011, but the protests continue.


ISRAELI CO-DIRECTION


Humble villagers in black-and-white chequered Palestinian scarves and smartly dressed city dwellers shared the same visceral reaction to scenes in the film that are much chronicled but seldom appear in feature-length film.


A shot of olive trees reduced to glowing embers after being torched by Jewish settlers coaxes an audible gasp from viewers.


“Oh God!” said one man.


But as Burnat’s camera captures defiant chants in the protagonists’ village accent, or rocks being hurled at fleeing Israeli jeeps, ecstatic applause filled the hall.


The film was co-directed by an Israeli activist and filmmaker, Guy Davidi. This close association has led some people to classify 5 Broken Cameras as an Israeli movie and it was rejected by a Morocco film festival for this reason.


However, Burnat said it had been shown in Iran and other Middle Eastern countries and denied that the joint production reflected any meaningful “normalization” of relations between Israel and the Palestinians.


“(Davidi) is a solidarity activist who came to the village to show his support. He was shown our material and agreed to help. This doesn’t represent Israeli-Palestinian collaboration,” Burnat said.


But the film’s action shows many examples of cooperation between Israeli solidarity activists and locals.


An Israeli photographer gives Burnat one of his five cameras, which are progressively shot or crushed in protests over the years, giving the film its name, and Israeli solidarity activists are shown helping to plan protests in Hebrew.


“Working jointly with an Israeli doesn’t diminish this work, it enhances it,” Palestinian student Amira Daood told Reuters.


“They’re not all against us. Some are opposed to what Israel is doing and the movie demonstrates that,” she said.


(Reporting By Noah Browning, editing by Paul Casciato)


Movies News Headlines – Yahoo! News





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Soon You Can Flee Your Underwater Home. But It Will Cost You






For some homeowners, March 1 will be Liberation Day. That’s when Fannie Mae (FNMA) and Freddie Mac (FMCC) will start allowing some homeowners who have been stuck in their homes—unable to move because they owe more than the property is worth—to relinquish the houses and cancel their debt.


The new rules (PDF) for deed-in-lieu transactions apply to people who are current or less than 90 days late on their mortgage payments. To the extent that the change makes it easier for people to move—to take a new job, shift locations following the death of a spouse or caregiver, or if they become ill and can no longer afford the house payment—it should help the economic recovery. The change also will benefit military personnel who are relocated.






To be eligible to turn over the house keys, homeowners must be making payments of at least 55 percent of their monthly income for the house and must be able to document a “hardship” that requires a move, such as a spouse’s death. The home must be clean and not damaged. Homeowners may also have to surrender as much as 20 percent of personal assets, excluding retirement accounts, to partially meet the loan’s unpaid balance, depending on the borrower’s financial situation. The program does not affect second mortgages. Mortgage servicers can offer up to $ 6,000 for second-lien holders to release borrowers from the loans, but there’s no requirement that the holders agree. This could limit participation.


The new rules are not a free pass for people who can land a better job and want to escape an underwater mortgage, said Barry Zigas, director of housing policy at the Consumer Federation of America in Washington. “Borrowers who have any kind of equity in their home and are able to pay the mortgage … never come out ahead by just walking away from the home,” he said. “A deed-in lieu is a much better credit event than a foreclosure, but it’s not a great conclusion to the story. But some people, they have no choice.”


Thus, the new rules for mortgage services are hardly a giveaway for debtors who can afford to pay. There is no estimate as to how many borrowers will be eligible to apply for a deed-in-lieu release, although the number is expected to be small, Freddie Mac spokesman Brad German said Monday. Short sales—in which lenders allow the sale of a home for less than they are owed—have been far more popular among distressed borrowers than deed-in-lieu transactions, noted Julia Gordon, director of housing finance at the Center for American Progress, a nonpartisan research institute. In the first three quarters of 2012, the Federal Housing Finance Agency approved more than 108,000 short sales, compared with 13,000 deeds-in-lieu.


Nationally, rising home prices helped drive negative equity down to $ 658 billion at the end of September 2012, from $ 689 billion at the end of the second quarter, research firm CoreLogic (CLGX) said in a Jan. 17 report (PDF). About 22 percent of residential properties with a mortgage, or 10.7 million, were underwater at the end of the third quarter, the firm said. The worst-hit states—Nevada, Florida, Arizona, Georgia, and Michigan—accounted for more than a third of all underwater mortgages. JP Morgan (JPM) estimates that the number of properties with negative equity could fall to 4 million by 2015, Bloomberg News reported on Monday.


Why did it take so long to come up with such a restricted program to help struggling homeowners? The politics of bailing out borrowers who took on more debt than they could afford have haunted the housing market’s recovery since the collapse of subprime mortgages led to the 2008 financial crisis. (It was, after all, CNBC reporter Rick Santelli’s February 2009 on-air rant about not wanting to “subsidize the losers’ mortgages” that has been widely credited with forming the Tea Party movement.) On the other hand, Fannie and Freddie have gotten nearly $ 200 billion from taxpayers since the 2008 crisis.


Businessweek.com — Top News





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Kick-Start Your Career Dreams in 3 Weeks






Even if you know you need a career change, it’s easy to get distracted by the necessary responsibilities of your daily life–work, family, friends. And that makes it hard to carve out the time and mental space you need to even start thinking about a change.


“We all get stuck in our day-to-day on autopilot and forget to take a moment for ourselves during the day,” writes Life Coach Calan Breckon. “But if you want to do anything in your life you must first visualize yourself doing that thing!”






So here’s the big question: how can we learn to dream again? For the next three weeks, invest 10 minutes a day to get your brain on the move and thinking big.


Week One: Ask Questions


You may have been casually contemplating a change for months, but when was the last time you sat down and really concentrated on this issue? For the first week, take 10 minutes each morning to focus on a single question like:


–What makes me feel the most energized?


–What have I always wanted to learn more about?


–What kind of work sparks my interest?


–What skills am I most happy using?


–What kind of change do I want to make in the world?


Scribble down short notes. Talk out loud. Free write your ideas. The goal isn’t to come up with definite answers, but rather to awake the part of your brain that is curious, striving, and ready for a new challenge.


Week Two: Explore Careers


Career inspiration can come from anywhere. Surf the web. Read a magazine. Talk to a friend. Pick up a section of the newspaper that you never read. No matter your source of insight, your goal for the second week is the same: Create a running list of careers that seem interesting. Don’t worry about including impossible-sounding dream jobs (like astronaut or fashion designer)–this is about brainstorming as long a list of ideas as possible.


Week Three: Visualize the Future


In the third week, take seven jobs that have struck your interest and give yourself permission to mentally try on one new career every day. What if I were a nurse? What if I were a graphic designer? What if I were a sports broadcaster?


Visualize yourself in the job: think about what you’d do, what your work environment would look like, what clothes you would wear, and how you would interact with co-workers. Write down what appeals to you about each job and what totally turns you off. At the end of the week, see if you can spot any trends in your notes. This can help you pinpoint what you’re really looking for out of your career change.


Try these three simple steps and within a few weeks your brain will be buzzing with big ideas for your future.


Annie Favreau is the managing editor for Inside Jobs–a site that helps career changers and choosers discover strong career options + find the right education to make it happen. Follow her on Twitter @InsideJobs.


More From US News & World Report


Yahoo! Finance – Personal Finance





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