News: Real Estate, Risk, Economics. Oct. 28 2014

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Table of Contents
(Click to sections below.)

1) Tips on Flooring Identification – Insurance Journal TV

2) Young renters see little or no reason to buy a house – OC Housing News

3) Cheap mortgages could fuel credit bubble: Ex-Bear Stearns CEO

4) Crime in America: Top 10 Safest Cities Over 200,000 | Law Street (TM)

5) GM Tech Center flood damage cost $132 million

6) Ohio seeks private partners for disaster response – SFGate

7) St. Georges fire causes estimated $100,000 in damage

8) Longview tornado lifted roofs and toppled trees, but no one injured | The Today File | Seattle Times

9) Lafayette County nixes state building codes

10) Market owner indicted on arson, fraud charges – Bowling Green Daily News: Police News

11) Arctic Ice Melt Seen Doubling Risk of Harsh Winter in EU – Bloomberg

12) Update Oct. 28, 2014: Uploading a Fully Encrypted, Full-System Backup to a Secure, Off-Site Server in a Limited-Access, Guarded Facility | PropertyPak

  1.    Tips on Flooring Identification – Insurance Journal TV

    This is good info for real-estate investors, landlords, and managers.

    In this interview with Denise Johnson, Steve Leger, president of LKQ Technologies, explains how the process of flooring identification and valuation has changed over the years and why certain kinds of carpeting do not require the assistance of a lab to identify its attributes.

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  2.    Young renters see little or no reason to buy a house – OC Housing News

    The housing bust deeply impacted people in a way economists can't grasp with their macro-economic models; people no longer feel certainty that owning is stable and permanent. The Millennial generation, the generation that witnessed the housing bust but were too young to participate, the Millennials don't view housing as the bedrock of their lives, and they correctly perceive the enormous weight imposed by a mortgage. To Millennials, the debt is large, real, and permanent, whereas the house is transitory, a complete reversal from the attitudes of previous generations.

    Add your comment.


  3.    Cheap mortgages could fuel credit bubble: Ex-Bear Stearns CEO

    Schwartz also warned that deflationary pressures were the greatest risk facing the global economy.

    "Deflation is a very powerful force. It is rearing its ugly head again and we still have not conquered it," he told CNBC.

    Waning inflation has proved particularly problematic in the euro zone, where annualized inflation came in at 0.3 percent last month compared to 1.1 percent in the same period a year before.

    Like European Central Bank President Mario Draghi, Schwartz said that euro zone countries needed to tackle the problem through fiscal policy, rather than relying on central bank stimulus measures.

    "It is a demand issue," Schwartz told CNBC.Schwartz also warned that deflationary pressures were the greatest risk facing the global economy.

    "Deflation is a very powerful force. It is rearing its ugly head again and we still have not conquered it," he told CNBC.

    Waning inflation has proved particularly problematic in the euro zone, where annualized inflation came in at 0.3 percent last month compared to 1.1 percent in the same period a year before.

    Like European Central Bank President Mario Draghi, Schwartz said that euro zone countries needed to tackle the problem through fiscal policy, rather than relying on central bank stimulus measures.

    "It is a demand issue," Schwartz told CNBC.

    We completely agree.

    Add your comment.


  4.    Crime in America: Top 10 Safest Cities Over 200,000 | Law Street (TM)

    Although most crime in the United States occurs in densely populated areas, there are several large cities that somehow manage to keep their crime levels low despite their sizes. These cities beg the question: what factors make one city safer than another?

    To properly compare and analyze these cities, we group them into large and small categories. A large city is considered to be one that has a population greater than 200,000 people. We then further adjust for population by ranking each city by its violent crime rate, which is the measure of how many violent crimes occurred per 100,000 people in 2012.

    Violent crime is defined by the total number of murders, aggravated assaults, robberies, and forcible rapes during the year. Although murder is included in the aggregate violent crime rate, we also report the murder rate separately for each city. For additional information on Law Street's crime-ranking methodology, click here.

    Here are the 10 safest cities over 200,000 in the United States based on the FBI's Uniform Crime Report Statistics released September 16, 2013:

    Add your comment.


  5.    GM Tech Center flood damage cost $132 million

    The August flooding that caused extensive damage and displaced 19,000 workers at General Motors' Warren Tech Center cost $132 million, although some of that is insured.

    Add your comment.


  6.    Ohio seeks private partners for disaster response – SFGate

    COLUMBUS, Ohio (AP) — Ohio officials are hoping to expand a state program intended to boost information-sharing and disaster response through cooperation between the public and private sectors.

    The Ohio Public Private Partnership, or OP3, was formed last year as part of state efforts to improve disaster response after storms in summer 2012 left hundreds of thousands of people without electricity during a heat wave. The program now includes nearly 90 businesses, government agencies and associations and the state is looking to get more involved.

    Add your comment.


  7.    St. Georges fire causes estimated $100,000 in damage

    Firefighters from eight fire companies responded to a house fire on the first block of S. Main St. off DuPont Parkway in South St. Georges on Saturday evening, according to emergency officials.

    There were no injuries reported…. One occupant in the home was alerted to the fire by a smoke alarm, officials said.

    Add your comment.


  8.    Longview tornado lifted roofs and toppled trees, but no one injured | The Today File | Seattle Times

    Tornadoes are rare in the Pacific Northwest, where the Pacific Ocean generally prevents severe temperature changes. But another one hit Southwest Washington in 1972 and caused damage in Vancouver, Wash., just across the Columbia River from Portland.

    Add your comment.


  9.    Lafayette County nixes state building codes

    The Lafayette County Board of Supervisors has voted to opt out of state building codes and instead draw up their own.

    Add your comment.


  10.    Market owner indicted on arson, fraud charges – Bowling Green Daily News: Police News

    Kentucky State Police arrested an Edmonson County man Thursday on an indictment warrant charging him with arson, fraudulent insurance acts and burning personal property to defraud insurer.

    Arson Investigator Terry Scott presented testimony to an Edmonson County grand jury about the Sept. 29, 2013 fire that destroyed Ring's Crossroads Market at Ky. 259 and U.S. 31-W, according to a release from KSP. The market owner, David Kevin Ring, 53, of Brownsville, is in Hart County Jail in lieu of a $250,000 cash bond.

    Ring awaits trial in January on felony weapons and drug charges that stemmed from the same investigation. The Bureau of Alcohol, Tobacco & Firearms, Kentucky State Fire Marshal's Office and the Bowling Green-ATF Arson Task Force assisted KSP in the investigation.

    Add your comment.


  11.    Arctic Ice Melt Seen Doubling Risk of Harsh Winter in EU – Bloomberg

    The decline in Arctic sea ice has doubled the chance of severe winters in Europe and Asia in the past decade, according to researchers in Japan.

    Sea-ice melt in the Arctic, Barents and Kara seas since 2004 has made more than twice as likely atmospheric circulations that suck cold Arctic air to Europe and Asia, a group of Japanese researchers led by the University of Tokyo's Masato Mori said in a study published yesterday in Nature Geoscience.

    "This counterintuitive effect of the global warming that led to the sea ice decline in the first place makes some people think that global warming has stopped. It has not….

    Add your comment.


  12.    Update Oct. 28, 2014: Uploading a Fully Encrypted, Full-System Backup to a Secure, Off-Site Server in a Limited-Access, Guarded Facility | PropertyPak

    We've been researching and tweaking and tweaking our cloud-uploading system. We now have the QoS (Quality of Service) set up to function dynamically. That's allowing us to upload at the highest rate while causing the least degradation of other Internet applications.

    Add your comment.


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