Share via Shortlink Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Opendoor CEO Eric Wu and Zillow CEO Richard Barton (Wu via Resolute Ventures, Barton via Getty)The big iBuyer experiment continues to be very, very costly.Opendoor and Zillow lost a combined $1.2 billion buying and selling homes over the past two years, including $607 million in 2020, according to a new analysis from industry observer Mike DelPrete.“That’s a loss of about $40,000 on each home bought and resold — about $1.6 million every single day or $1,100 per minute in 2020,” he wrote in a report published Wednesday.Instant homebuyers, a nascent part of the housing market, use algorithms to purchase homes directly from sellers, and then resell at a slight premium. Zillow got into the business in 2018, when CEO Rich Barton said not doing so would pose an “existential” threat to its business. Opendoor, the industry leader, went public last year in a merger with a blank-check firm backed by Chamath Palihapitiya.ADVERTISEMENTRead moreCan iBuying go the distance? Opendoor revenue plunges 45% in 2020 Zillow profits hit record $46M Full Name* Both companies paused homebuying last spring, however, and their recovery has been slow, DelPrete noted. Opendoor reported a 45 percent drop in 2020 revenue after selling fewer homes. In DelPrete’s analysis, Opendoor’s net loss per home topped $100,000 last year.But he said Opendoor’s 15.4 percent gross margin is a positive sign. Holding costs and interest expenses are also down for both companies. Opendoor lowered its selling costs to 2.1 percent from 3 percent, he said.Last month, Zillow said its 2020 revenue surged 22 percent thanks to the hot housing market. After suspending home-buying during the first half of the year, the company lost $162 million, down from $305 million. As it rebuilt its inventory during the fourth quarter, Zillow bought 1,789 homes and sold 923.Opendoor, which sold off $1 billion worth of inventory during the lockdown, is also in rebuilding mode. Earlier this month, it said it owned 1,827 homes valued at $466 million.Despite the iBuyers’ “staggering” losses, DelPrete said Zillow and Opendoor remain “staunchly pro-consumer” by streamlining the experience, lowering fees and bundling services including title and mortgage.Contact E.B. Solomont Message* Email Address* Tags iBuyingopendoorzillow
August 28, 2019 /Sports News – Local Snow College Volleyball Improves to 5-0 FacebookTwitterLinkedInEmailEPHRAIM, Utah-Tuesday evening, the No. 11 Snow College women’s volleyball team swept Eastern Arizona 3-0 at the Horne Activity Center to improve to 5-0 on the season.The victory marked the sixth straight win over the Gila Monsters, dating back to the 2017 seasonAfter jumping out to an early six-point lead, the Badgers cruised to a 25-13 victory in the opening set. The two teams battled it out in the second set, with Snow holding on for a 25-23 victory. The Badgers turned up the heat down the stretch and raced to a 25-16 win in the third and final set.For the match, the Badgers combined for 40 kills on 112 attempts, posting a .232 hitting percentage. Snow held Eastern Arizona to just 28 kills on 109 swings with 23 errors to post a .046 hitting percentage.Freshman Korrin Thornock led the Badgers with 11 kills on 28 attempts, marking the second time in just five games she has had 10 or more kills in a match. Thornock hit an impressive .286 for the match. Fellow freshman Lydia Montague was credited with seven kills on 15 swings, posting a .267 clip at the net. Sophomore Bridget Triplett came off the bench to register five kills on seven swings with no hitting errors. Sophomore Marcie Stapley contributed a team-high four blocks in the victory.Entering the match, the Badgers led the nation in service aces. The team continued their streak of impressive serving with eight more aces, led by Montague and freshman Ellee Anderson. Both had two aces.Head coach Jeff Reynolds’ squad returns to action Thursday, Friday and Saturday (August 29-31) at the Dalton Overstreet Invitational hosted by Yavapai College of Prescott, Ariz.While there, the Badgers will face the Glendale (Ariz.) Gauchos, the host Yavapai Roughriders, the No. 20 Arizona Western Matadors, the No.13 New Mexico Military Broncos and the No. 9 Laramie County (Wyo.) Golden Eagles. Written by Tags: Arizona Western Matadors/Dalton Overstree Invitational/Glendale Gauchos/Jeff Reynolds/Laramie County Golden Eagles/New Mexico Military Broncos/Snow Women’s Volleyball/Yavapai Roughriders Brad James
Summer is officially here and the heat is in full blast. With all these recent overcast days, the sun is more than welcomed, but there are times when the heat can be unbearable. Our AC units are running all day and night, causing electric bills to skyrocket, and chances are we’re not even getting the most out of the cold air. Broadley’s wants to help by offering a few other suggestions for keeping your house cool, that require minimal work at little or no cost.Close Curtains and BlindsDid you realize how much heat was coming in through your windows? You can lower the temperature of a room by almost 20 degrees from keeping your blinds closed.Set Ceiling Fans to Spin Counter-ClockwiseCeiling fans should actually be adjusted seasonally. They should spin counter-clockwise during the summer at higher speeds.Avoid Closing DoorsWhen you close off rooms, you prevent cool air in other parts of the house from reaching the closed rooms. Keep doors open to keep a constant airflow. Sleeping with the door and windows open is also a good idea since you can capitalize on the night’s cooler air.Turn On Exhaust FansHave exhaust fans in your bathroom or kitchen? Turn them on to help pull hot air out after cooking or showering.Stay Away from Incandescent LightsIncandescent bulbs tend to waste around 90% of their energy in the heat they emit. You should consider switching to CFL’s (compact fluorescent lamps). Also, no matter what type of lighting you have, as all lighting gives off some type of heat, try to keep them off when not needed. Take advantage of those long daylight hours!Unplug Unused AppliancesYour appliances and gadgets give off heat even when not in use. When you are not using them, especially at night, make sure to unplug to reduce heat and save energy.Feel your house cooling already? Thinking of the money you’re saving on those utility bills? Sit back and relax for the rest of the summer! These tips and tricks are great for saving money and boosting the air flow from your AC system, but if your cooling system is on the fritz, give us a call. Not only do we provide repairs and installations, but we offer state-of-the-art Ductless Cooling system that keeps every room in your home comfortable through all seasons. Want to learn more or know you need help now? Give Broadley’s a call at (609) 390-3907 to speak to a Comfort Advisor and receive a no obligation assessment.
National Craft Bakers’ Week is fast approaching and resources for teachers are now available here, for bakers to promote the role of the baker within their community. Running from 8-13 June, the aim of the week is to raise the profile of independent craft bakers – ‘The Shop That Never Sleeps’ – and, in doing so, capture increased consumer spend. The week will also be promoted to 22,000 state and independent primary schools.Recipes for gingerbread men and bread rolls, as well as a story suitable for Key Stage 1 children, on how a baker makes bread, are available to download from the website. There is also a video, ‘The Shop That Never Sleeps’, and accompanying teachers’ notes.The aim is to encourage schools and craft bakeries to link together to show children how the bread and cakes are made. Craft bakeries of all sizes and location are encouraged to take part in the week, which promotes the important commercial and social role that craft bakers play in their local communities.The activity is spearheaded by the National Association of Master Bakers and has been developed with a group of key industry players: British Baker magazine, Bako, Bakels, BakeMark, BFP Wholesale, California Raisins, Macphie, Marriage’s, Puratos, The Reynard Group and The Scottish Association of Master Bakers.A PR press kit will be distributed by British Baker with point-of-sale material and advice on how to promote participation in May.For more information, as well as downloadable point-of-sale material, click here.
Thank you, Madam President.Let me start by saying how proud I am that the United Kingdom has already met and exceeded United Nations’ targets set in 2015 for doubling female participation in peacekeeping by 2020. Women currently make up 7 percent of our contingent of peacekeeping troops and 18 percent of military observers and staff officers. This is not just a point of principle, nor about simply saying the right thing. It is about effectiveness. Just as in our countries, we suffer economically if we do not let all of our population participate in the workforce. So we suffer militarily if we exclude women from our armed forces and from promotion within that. We prevent ourselves getting the best people for the job by limiting the pool available and therefore we limit our fighting ability.On the ground, aside from having the best available troops, we see real operational benefits from deploying more gender-balanced forces. We note, as others have, that deploying more peacekeepers enables missions to engage with a wider range of people in local communities, which, in turn, leads to better situational awareness. Asking peacekeepers to understand local conflict dynamics and risks without the ability to engage effectively with local women is like asking them to patrol with one eye closed. And having more female peacekeepers in missions can make it easier for women and girls who have survived sexual violence in conflict or sexual exploitation of abuse to come forward and speak about their experiences.But we do recognise and share the challenges that most national militaries face in achieving gender parity. Women still make up only 10.5 percent of the United Kingdom’s regular armed forces – only 13 percent of our military officers. Examples set by trailblazing women such as Air Marshal Sue Gray, who became the first three-star female officer in the Royal Air Force this year, have yet to become the norm. So, although we are proud of the progress we have made in increasing female participation in the UK’s armed forces and, by extension, in our peacekeeping contributions, we know there is much more to do.And having said earlier, Madam President that this is not about just saying the right thing. It’s about doing things. Let me set out a few things that we think can happen.We need to keep changing mindsets, ensuring that expanding women’s participation is seen as an essential operational enabler, part of the core function of the mission indeed and not as a box ticking exercise.We need to keep taking concrete action to ensure women have equal opportunities to participate in peacekeeping. That must include equal access to information about opportunities to deploy; equal opportunities to develop relevant skills and experience; and equal access to adequate accommodation, facilities, equipment and medical services in the field.The UK supports innovative approaches to tackling these and other barriers to women’s meaningful participation. In peacekeeping, we are committed to focusing on practical action, sharing best practices and lessons learned and to keep ourselves learning from other troop and police contributing nations. To this end, as we announced in the margins of the Peacekeeping Ministerial, the UK is contributing $1.3 million to the newly launched Elsie Initiative Fund for uniformed women in peace operations. And we fully support the Elsie Fund’s focus on incentivising and assisting Member States to deploy more trained and qualified uniformed women and on maximising the impact of women’s participation.Now, Madam President, it is important that we increase the number of women, the proportion of women in peacekeeping. But of course all peacekeepers, male and female, share a responsibility to conduct peacekeeping operations in a gender sensitive manner. We are determined to equip our peacekeepers with the skills, knowledge and understanding that this requires. Since November 2016, all UK military personnel deploying on major international operations have received training in preventing sexual violence in conflict and on the Women, Peace and Security agenda. And as a training partner, we are committed to ensuring that the training we offer personnel from other countries is gender sensitive. Incorporating gender perspectives in peacekeeping does not only concern women. Gender equality is everybody’s business. We all stand to gain from more effective, inclusive peacekeeping if we redouble our efforts towards achieving high ambition targets the women’s participation.And flowing from that, Madam President I have a question for our briefers, which is simply to ask, in the spirit of doing: what are the most urgent interventions you would recommend the United Nations and Member States adopt to make mission environments more women friendly? And what are the best examples of best practice – the best example of best practices, if you like – that you’ve seen in use at national level to make this agenda really go forward?Thank you, Madam President.
The Saint Mary’s Office of Civic and Social Engagement (OCSE) is spearheading a nonpartisan election engagement campaign inspired by the 2018 election season. The election engagement campaign consists of several events both at Saint Mary’s and within the wider tri-campus and South Bend community. The hope is to engage students through educational opportunities to increase self-efficacy in voting. The first of the events is a meeting on Sept. 10, aimed at students interested in becoming involved in the campaign.“It gives students the opportunity to participate in our democratic system — maybe for the first time — which is pretty amazing,” junior Annie Maguire, the single student worker on the initiative, said. “And it’s a powerful statement, I guess, when you cast your vote for the first time. We want to make sure as many students as possible do this.”Their biggest event in September will be their Rock the Vote campaign on Sept. 26. Maguire said the event will feature performances by Bellacapella, the Undertones and College President Jan Cervelli’s band. Maguire said the OCSE has several goals for this campaign, including making voting look less “daunting” to students.“The goal was to make [voting] as stress-free and accessible to everyone as possible,” she said. “And for the election season this semester it’s really important students are not only engaged, but informed on the different issues that could affect their vote.”In order to enact their goals, Maguire said the OCSE has resources available for students that need transportation.“At Saint Mary’s there are posters around the schools that say the dates and times of each event, where they’re located, when and on that is a link where they can sign up,” she said. “You can actually register if you don’t have your own car if you want to go across town for one of these events. The OCSE provides transportation. There is a form you can fill out by visiting the OCSE as well as just emailing them.”The events are of a wide variety, not built around a singular political group. Rather, the goal is to educate the entire spectrum, Maguire said.“As far as we know we are trying to get events that could be of interest to people across the whole political spectrum,” she said. “Our goal is to be nonpartisan, host events and [connect] events that are issue-based so people can really educate themselves on issues that could affect their vote in one way or the other.”Maguire noted the reasons why voting, becoming involved and educating yourself are so important for students in this election cycle.“It important all of our voices get heard,” she said. “We are a new generation of voters and our voices matter so much in the political sphere nowadays. Voting for the first time is the exercising of that power of our representation on a national level, which I think needs to be recognized more highly.”Getting students to the polls is necessary for representation to be acknowledged, Maguire said. “Trying to increase our representation in the voting polls is so important because we need diverse voices, we need women, we need people who are underrepresented groups in order to have outcomes we are satisfied with,” Maguire said. The election engagement campaign speaks to the significance of each voting-age individual participating in the political process, Maguire said. “As students at Saint Mary’s but also as young people living in the United States, I think a lot of the time people underestimate the power of constituents,” she said. “But the reality is that our voices really do have an impact on our legislators, on the people who are representing us in Congress and even on a global scale … Emphasizing that point as much as we can and encouraging people to participate in this process is so essential in keeping this process going and running smoothly.”Tags: 2018 elections, 2018 midterms, Office of Civic and Social Engagement, voting
Ice queens, lovesick princesses, mountain men, reindeer and talking snowmen were all the rage in Tinseltown when Disney’s Frozen took home the Golden Globe Award for Best Animated Feature Film when the 71st annual awards were presented in Hollywood on January 12. The box office smash, which features the voices of Kristen Bell, Idina Menzel, Jonathan Groff, Josh Gad and Santino Fontana, and a score by The Book of Mormon’s Robert Lopez, beat out The Croods and Despicable Me 2 to win the prize. Other big winners of the night were 12 Years a Slave (Best Motion Picture – Drama), Breaking Bad (Best Television Series – Drama), Brooklyn Nine-Nine (Best Television Series – Musical or Comedy) and Behind the Candelabra (Best TV Movie or Mini-Series). The big screen adaptation of Tracy Letts’ Tony Award and Pulitzer Prize-winning masterpiece August: Osage County left empty-handed. David O’Russell’s American Hustle beat out August in the category of Best Motion Picture – Comedy or Musical. View Comments Among the stage veterans who took home awards on the big night were Amy Adams (American Hustle), Elisabeth Moss (Top of the Lake) and Jon Voight (Ray Donovan). In addition, Bryan Cranston, who will make his highly-anticipated Broadway debut as LBJ in All the Way, surprised no one when he won Best Actor in a TV Series – Drama for his role as Walter White in the final season of AMC’s Breaking Bad. Woody Allen, whose stage adapation of Bullets Over Broadway is heading to the Great White Way this season, received the Lifetime Achievement award. Star Files Bryan Cranston
It’s hard to be the bard! Eric Sciotto, an original Something Rotten! ensemble member and Shakespeare understudy, will begin performances in the role in October 11. He is now set to play the character through November 6, after which the soon-to-be announced permanent replacement for Will Chase is slated to begin.Prior to Something Rotten!, Scotto appeared in the ensemble of myriad Broadway productions, including The Mystery of Edwin Drood, Priscilla, Queen of the Desert, Pal Joey, Cry-Baby, A Chorus Line, Sweet Smell of Success and 42nd Street.The musical, which will close on Broadway on January 1, 2017, follows two brothers in 1590s England whose plays are upstaged by the rockstar bard Will Shakespeare. When a local soothsayer foretells that the future of theater involves singing and dancing, the duo set out to write the world’s first musical.The current cast also features Rob McClure and Josh Grisetti as Nick and Nigel Bottom, Leslie Kritzer as Bea, Brad Oscar as Nostradamus, Gerry Vichi as Shylock, Catherine Brunell as Portia, Edward Hibbert as Lord Clapham and Andre Ward as Minstrel.Watch Sciotto dance through his résumé in a recent BroadwayBox feature below. View Comments Show Closed This production ended its run on Jan. 1, 2017 Something Rotten! Eric Sciotto(Photo: Matthew Murphy) Related Shows
2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Better performance begins with better benchmarks.ALCO meetings are no fun when you have poor performance numbers to report. If your credit union keeps underperforming month after month, those meetings can be downright grueling. Certainly, performance goals need to be reviewed if your credit union is consistently failing to reach its benchmarks, but chronic poor performance might mean it is time to review your benchmark-building process as well.Tailor-made benchmarks are a must.Your credit union is one-of-a-kind. Its needs and goals are like no other financial institution’s needs and goals and therefore, tailor-made benchmarks are necessary for success. The first step to better benchmarking is making sure your financial services partner is helping you build benchmarks that are wholly unique to your credit union. Peer performance, historical references, industry averages, and market indexes are often used to construct benchmarks and measure portfolio performance, but benchmarks are only useful if they are custom-built, timely, and future-oriented.Benchmarks are only appropriate and effective if they meet certain criteria.Building appropriate benchmarks also requires a thorough understanding of your balance sheet. How are loan assets performing? What do your credit union’s deposits require you to do? What ongoing measures are necessary to keep the balance sheet optimized under various rate environments given the constraints of your liabilities and your risk exposure? Once you have answered those questions, make sure your revised benchmarks meet these six criteria:UnambiguousInvestableMeasurableReflective of current opinionsAccountableTailored to your credit union’s unique needs and goalsIt is only when performance benchmarks are built to meet the above criteria, and built with your credit union’s one-of-a-kind constraints, considerations, and aspirations in mind, that the benchmarks become useful in getting you to your goals. And when you meet and exceed performance goals, ALCO meetings are a lot more fun.To learn more about effective benchmark building, contact QuantyPhi Balance Sheet Optimization Services for Credit Unions at (414) 433-0176.
Nobody knows why Denmark left out the Faroe Islands from this decision, but instead of a negative narrative or a protesting “diplomatic note”, a completely unexpected campaign and communication was launched in the Faroe Islands in response to this decision. A great lesson in how to communicate and brand when you are fighting on the global stage with the big ones. When you are “small” in the context of financial and human resources, in order to stand out you have to be proactive, creative, innovative and use guerrilla marketing, and it is in this field that the Faroe Islands scored the best. The last campaign was broadcast by all world media and thus received a free media campaign worth millions of euros. “Just two hours from Denmark, another world opens up with fresh air, fantastic experiences of nature and exciting cultural and food experiences. The perfect place to land after several weeks of closure “, Points out the director Guðrið Højgaard and emphasizes that the Faroe Islands invite the Prime Minister and all the Danes to come and visit the Faroe Islands. Namely, the Faroe Islands are remote island areas of Denmark and enjoy a special status and their self-government since 1948, as well as Greenland (1979). The Faroe Islands and Greenland have their own government, but due to the fact that Denmark retains responsibility for issues such as defense, they are both represented in the Danish Parliament. The Faroe Islands are also known as Sheep Islands, because more sheep than humans live on them, they are an autonomous region of the Kingdom of Denmark. Namely, Denmark announced that from June 15, they will open their borders to Norway, Iceland and Germany, but not to the Faroe Islands, which in that context feel completely unjustifiably forgotten. “We attended the press conference with great interest last Friday and quickly noticed that the Faroe Islands are not mentioned at all as one of the countries that Danes can visit after 15 June. Now with the campaign we just want to remind Mette Fredriksen ( Danish Prime Minister ) that the Faroe Islands actually exist and that we are, of course, for Danish guests with open arms “, Says Guðrið Højgaard, Director of the Faroe Islands Visit. So Visit the Faroe Islands invite Dance as well as all those who have had good experiences on these picturesque islands to help bring the Faroe Islands back to the map of the world, now that the government has forgotten them. The Faroe Islands have been without a crown for 25 days and are more than ready to welcome Danish tourists, they point out from Visit Faroe Islands, and from June 15, of course, they will open their borders to Danish guests. / / / EXCELLENT INNOVATIVE VIRTUAL CAMPAIGN OF THE FAIR ISLANDS – REMOTE TOURISM The purpose is, of course, to show a number of fantastic opportunities for good travel in the Faroe Islands. After great innovative campaigns The tourist boards of the Faroe Islands, about which practically the whole world has written, delight again with their excellent communication. The campaign is called Call @ METTE, alluding to the call for the Prime Minister of Denmark The aim of the campaign is to bring the Faroe Islands back on the map in a humorous way, while promoting the destination to Danish guests. So they invite dance to publish photos #FarøerneFindesFaktisk and tag @Mette Frederiksen.