Shannon to open – Ash cloud still a risk

first_imgWhatsApp Linkedin THE Irish Aviation Authority will withdraw restrictions on flights in and out of six airports in Ireland, with effect from the times listed below, until further notice. They include Shannon, Donegal, Sligo, Ireland West (Knock), Galway and Kerry.In a statement the IAA said the restrictions were required as the increased level of recent volcanic activity has created a massive ash cloud stretching 1,000 miles long and 700 miles wide. Sign up for the weekly Limerick Post newsletter Sign Up While the northerly winds are keeping the bulk of the cloud out in the Atlantic, the increased size of the cloud continues to pose a risk especially if the winds change.Passengers planning to travel by air over the coming days are advised to regularly check with their airlines and the IAA website in advance of going to the airport.The following is the position on an airport by airport basis for today Friday May 7. AIRPORT                                  Flight Operations:Dublin                                            OpenCork                                               OpenShannon                                         Open from 1000 hours localDonegal                                          Open from 0830 hours localSligo                                              Open from 1000 hours localIreland West (Knock)                       Open from 1000 hours localGalway                                           Open from 1000 hours localKerry                                              Open from 1000 hours localWaterford                                        OpenThe Aviation Authority said it is in constant contact with VAAC and the Central Flow Management Unit (CFMU) at Eurocontrol and is monitoring the path of the ash cloud in order to assess the impact it could have on air safety.Should there be any change to the above situation, the IAA said it will issue a further statement but passengers are advised that they must check their airline websites regularly. Twitter Previous articleFurther restrictions on airports along western coastNext articleNo to water charges, but manager has the final say admin Advertisementcenter_img NewsLocal NewsShannon to open – Ash cloud still a riskBy admin – May 7, 2010 562 Print Facebook Emaillast_img read more

Treasury Official Says Administration is ‘Ready, Willing, and Able’ to Talk Housing Finance Reform

first_imgHome / Daily Dose / Treasury Official Says Administration is ‘Ready, Willing, and Able’ to Talk Housing Finance Reform Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Conservatorship Dr. Michael Stegman FHFA Housing Finance Reform U.S. Treasury 2015-03-02 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Treasury Official Says Administration is ‘Ready, Willing, and Able’ to Talk Housing Finance Reform Speaking at the National Council of State Housing Agencies Legislative Conference on Monday, the Department of U.S. Department of Treasury Counselor to the Secretary for Housing Finance Policy Dr. Michael Stegman said that the Obama Administration is “ready, willing, and able” to talk housing finance reform, which has been a hot-button topic in recent months as Fannie Mae and Freddie Mac remain in conservatorship of the Federal Housing Finance Agency.”The Administration remains ready, willing, and able to work in good faith with members of both parties to complete this important but unfinished piece of financial reform,” Stegman said. “As memories of the financial crisis fade, we cannot become complacent.  The best time to act is when the housing market is well along the path to recovery and credit markets are normalizing, not on the precipice of a new economic shock when there is little time to be thoughtful.”While Stegman’s remarks on the subject of housing finance reform may seem optimistic, many mortgage indusrtry professionals are not convinced. On the same morning that Stegman delivered his speech at the NCSHA’s conference, the Collingwood Group and the Five Star Institute released their March 2015 Mortgage Industry Outlook report containing a survey in which 60 percent of mortgage industry professionals polled said there was “zero chance” of housing finance reform happening under the Obama Administration, which ends in January 2017. About 34 percent of respondents in that survey said they believed there was less than a 25 percent chance of housing finance reform taking place under Obama’s watch.Stegman said the Administration would not end the conservatorship of the GSEs without a viable alternative that provides that elusive balance between eliminating taxpayer risk while still allowing credit access.”I know that many of you want to know where we are on housing finance reform,” Stegman said. “On this subject, let me be clear: the Administration stands by our belief that the only way to responsibly end the conservatorship of Fannie Mae and Freddie Mac is through legislation that puts in place a sustainable housing finance system that has private capital at risk ahead of taxpayers, while preserving access to mortgage credit during severe downturns.”Stegman also discussed the Hardest Hit Fund, which the government created in response to the financial crisis, and stated that to date the fund has provided more than $3.8 billion for 70 programs to help approximately 227,000 homeowners in the communities that were hit the hardest by the recession. Previous: Report: Morgan Stanley in Settlement Talks with New York AG Over Subprime Loans Next: DS News Webcast: Tuesday 3/3/2015 Tagged with: Conservatorship Dr. Michael Stegman FHFA Housing Finance Reform U.S. Treasury About Author: Brian Honea Demand Propels Home Prices Upward 2 days ago March 2, 2015 4,140 Views Related Articles The Best Markets For Residential Property Investors 2 days agocenter_img Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Government, News Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more