Showing posts with label Legislation. Show all posts
Showing posts with label Legislation. Show all posts

Monday, August 26, 2019

Lawmakers on each side blame the other in Hong Kong protests


HONG KONG — Lawmakers on each side of Hong Kong’s political divide said Monday the other side bears responsibility after violence during anti-government protests over the weekend.

Pro-government members of the Legislative Council condemned the acts of protesters who blocked streets, threw gasoline bombs, and assaulted police officers.


“You can say a lot of different opinions to the government,” said Starry Lee, chairwoman of the Democratic Alliance for the Betterment and Progress of Hong Kong. “But violence is different. If we can accept violence, our city will be ruined.”

Pro-democracy legislators countered that the government and the police need to take responsibility, the former for introducing the extradition legislation that sparked the protests and the latter for what they say is selective enforcement of the law targeting government opponents.

Kwok Ka-ki, a member of the Civic Party, blamed Hong Kong leader Carrie Lam. He called her creation of a platform for dialogue a delaying tactic rather than an attempt to resolve the conflict.

“She is the one who should shoulder all the responsibility, and now she is trying to get away from all the responsibility and shifting the focus to the so- called platform,” Ka-ki said.

A hardline contingent took over streets on Saturday and Sunday following peaceful pro-democracy marches. They argue that peaceful protest is not enough to get the government to respond. Police used tear gas to clear the streets and arrested more than 50 people.

The movement has five demands including democratic elections and an independent inquiry into what it alleges is police violence in breaking up demonstrations. /kga

source: newsinfo.inquirer.net

Tuesday, October 28, 2014

Obama Passes HARP and Helps Homeowners Save Huge


Obama is urging homeowners to refinance. Did you know that the President passed historic legislation that makes it easier for homeowners to refinance and saves them an average of $3,000/year?

The legislation is called the Home Affordable Refinance Program (HARP) and it does three really important things for homeowners.

1) Waives Refi Requirements

Obama’s mortgage program waives certain refi requirements for homeowners, making it much easier to qualify and take advantage of today’s still historically low rates. Some examples of requirements that have been waived are the need for an appraisal and credit score requirements. With requirements like these gone, millions of homeowners now qualify to refinance. The problem is people don’t know the program exists and they don’t know how much they could save by refinancing .

A free service that can help you see how much you could save by refinancing is LowerMyBills.com. You might be shocked at how much their network of lenders can save you.

2) Reduces The Amount Homeowners Owe

In his State of the Union, Obama told homeowners that if they refinance at today’s rates they could save up to $3,000/year. It’s amazing how many homeowners have sat on the sidelines, getting ripped off by banks as they keep paying mortgage rates in excess of 5%. If the rate you’re paying on your mortgage is above today’s historically low rates, you should  consider refinancing.

Think about how much money $3,000/year is over the life of your loan. If you have 25 years left, that’s $75,000. If you’re a homeowner, and you haven’t looked into refinancing recently, you should use this easy tool. It takes about 3 minutes to complete and helps you take advantages of today’s rates.

3) Pay Off Your Home In Half The Time

The President’s refi plan encourages homeowners to shorten their loans. Homeowners who switch from say a 30 year to a 15 year fixed rate mortgage not only pay their homes dramatically faster but they also get significantly lower rates. The savings for homeowners who opt to go this route end up saving huge. Savings can be as much as $805/mo.

Not only that, these homeowners are done with their mortgages altogether up to 15years faster. If you want to learn more about all the loan options available in the market, LowerMyBills can help you find out what would be best for you.

source: smarterlifestyles.com