Housing and Economic Activity: National Update

first_imgHome / Daily Dose / Housing and Economic Activity: National Update Servicers Navigate the Post-Pandemic World 2 days ago Previous: Metro-West Appoints VP of Appraiser Advancement Next: HUD Secretary to Work on Big Banks’ Lending Practices in Daily Dose, Featured, Headlines Housing and Economic Activity: National Update The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Share Save October 23, 2017 1,130 Views The Best Markets For Residential Property Investors 2 days ago Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago  On Monday, the Federal Reserve Bank of Chicago released its monthly index for October 2017—the Chicago Fed National Activity Index (CFNAI)— reporting the overall economic activity across the U.S.The index, which was constructed using data available as of October 19, 2017, analyzes economic activity based on summarizing variation in 85 data series classified into four main categories.So how does the Chicago Fed organize this data? The CFNAI is designed so that periods of economic expansion have values of above negative 0.70. Meanwhile, periods of economic contraction have values below negative 0.70.According to the index, the overall economic activity reported an increase in growth with a positive 0.17 in September, compared to a negative 0.37 in August.However, despite this slight increase in September, the index reports that month-to-month movements are volatile. Therefore, the index also evaluates a three-month moving average to provide a more consistent picture of national economic growth—the most recent three-month moving average was unchanged at negative 0.16 in September.The contribution of the housing category to the CFNAI is combined with personal consumption—representing an increase to negative 0.07 in September from negative 0.11 in August.However, housing starts decreased to about 1.13 million annualized units in September from about 1.2 million in August. In addition, the index notes that housing permits decreased to about 1.23 million in annualized units in September, which is a decrease from 1.27 million in the previous month. Conversely, consumption indicators improved, which increased the category’s overall contribution to the economy.In addition, the report’s job-market gauge was a positive contributor to the economy, increasing to positive 0.06 from positive 0.01 in the previous month.To view the full report and other indicators impacting the U.S. economy, click here. Related Articles About Author: Nicole Casperson 2017-10-23 Nicole Casperson The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

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‘Suggestion That My Tweets Shake Foundation Of Most Powerful Court An Over-Estimation Of My Abilities’ : Kunal Kamra Responds To SC Contempt Notice

first_imgTop Stories’Suggestion That My Tweets Shake Foundation Of Most Powerful Court An Over-Estimation Of My Abilities’ : Kunal Kamra Responds To SC Contempt Notice Akshita Saxena28 Jan 2021 10:22 PMShare This – xComedian Kunal Kamra on Thursday filed a counter affidavit before the Supreme Court, stating that his tweets were not published with the intention of insulting the Court but to draw its attention to and prompt an engagement with issues that he believes are relevant to the Indian democracy. Kamra also said that public faith in the Judiciary cannot be shaken by any criticism or…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginComedian Kunal Kamra on Thursday filed a counter affidavit before the Supreme Court, stating that his tweets were not published with the intention of insulting the Court but to draw its attention to and prompt an engagement with issues that he believes are relevant to the Indian democracy. Kamra also said that public faith in the Judiciary cannot be shaken by any criticism or commentary but only by the Courts own actions and accord. The affidavit stated, “My tweets were not published with the intention of diminishing the faith of the people in the highest court of our democracy. It is funny though, how little faith the Petitioner appears to have in the people of this country. The suggestion that my tweets could shake the foundations of the most powerful court in the world is an over-estimation of my abilities. Just as the Supreme Court values the faith the public places in it (and seeks to protect it by the exercise of its criminal contempt jurisdiction in the judiciary is founded on the institution’s own actions, and not on any criticism or commentary about it.” Kamra stated no institution of power, not even Courts are beyond criticism in a democracy. “I believe that constitutional offices, including judicial offices — know no protection from jokes. I do not believe that any high authority, including judges, would find themselves unable to discharge their duties only on account of being the subject of satire or comedy,” he added. The Top Court’s bench comprising Justices Ashok Bhushan, R Subhash Reddy and MR Shah had issued notice to Kamra on December 18, on the petitions seeking criminal contempt action against him for his tweets against the Judiciary. Kamra had posted a picture of the Supreme Court dressed in saffron colour with the flag of the ruling party, the BJP. He also published several controversial remark against the Supreme Court such as ‘honour has left the building (Supreme Court) long back’ and ‘Supreme Court of the country is the most Supreme joke of the country’. The Attorney General for India had found these tweets to be ‘highly objectionable’ and he stated that it is time that people understand that attacking the Supreme Court of India unjustifiedly and brazenly will attract punishment under the Contempt of Courts Act, 1972. Responding to the proceedings, Kamra submitted that his tweets were meant as a joke for people who share the same perception as him. However, with the growing culture of intolerance in the country, assault on freedom of speech and expression has become a common case. Delete Jokes need no defence; jokes are not reality; they are a comedian’s perception”Truth about the attention economy is that the more attention one gives to criticism or ridicule, the more credible it appears to be”, he says in response to contempt notice.#KunalKamra pic.twitter.com/Y9d5KcwA3g— Live Law (@LiveLawIndia) January 29, 2021 He said, “These jokes are not reality, and don’t claim to be so. Most people do not react to jokes that don’t make them laugh; they ignore them like our political leaders ignore their critics. That is where the life of a joke must end.” He submitted that he is a comic artist and through his work, he attempts to abide by comedy’s tenet of “comforting the afflicted, and afflicting the comfortable”. The affidavit stated, “Irreverence and hyperbole are essential tools for the comedic enterprise. A comic raises questions on issues of public interest in their own unique way. The language and style I resort to are not with the intention to insult, but to draw attention to and prompt an engagement with issues that I believe are relevant to our democracy and which have also been raised in the public domain by more serious and learned commentators. Comedy does not permit an artist the luxury of articulating the basis of jokes through long, nuanced essays or measured prose. Brevity may not be a familiar concept for the legal community, but it continues to be the soul of comedy.” He has therefore urged the Supreme Court to dismiss the proceedings instituted against him and demonstrate that the freedom of speech and expression is a cardinal constitutional value, and the possibility of being offended is a necessary incident to the exercise of this right.Kamra concluded with the following words:”If this Court believes I have crossed a line and wants to shut down my internet indefinitely, then I too will write Happy Independence Day post cards every 15th August just like my Kashmiri friends”The affidavit was filed through Advocate Pritha Srikumar Iyer. Delete “If this Court believes I have crossed a line and wants to shut down my internet indefinitely, then I too will write Happy Independence Day post cards every 15th August just like my Kashmiri friends”- comedian #KunalKamra tells Supreme Court in response to contempt notice. pic.twitter.com/k9QJIzHaON— Live Law (@LiveLawIndia) January 29, 2021 On November 12, finding Kamra’s tweet to be highly objectionable, the AG granted his consent under Section 15(1)(b) of the Contempt of Courts Act, 1971 to initiate criminal contempt. He said, “I find that today people believe that they can boldly and brazenly condemn the Supreme Court of India and its judges by exercising what they believe is their freedom of speech. But under the Constitution, the freedom of speech is subject to the law of contempt and I believe that it is time that people understand that attacking the Supreme Court of India unjustifiedly and brazenly will attract punishment under the Contempt of Courts Act, 1972.” The AG’s letter referred to Kamra’s comments such as ‘honour has left the building(Supreme Court) long back’ and ‘Supreme Court of the country is the most Supreme joke of the country’. The AG also noted that apart from these comments, Kamra posted a picture of the Supreme Court dressed in saffron colour with the flag of the ruling party, the BJP. Taking strong exception to this tweet, the AG commented: “This is a gross insinuation against the entirety of the Supreme Court of India that the Supreme Court of India is not an independent and impartial institution and so too its judges, but on the other hand is a court of the ruling party, the BJP, existing only for the BJP’s benefit”. Kamra reacted to AG’s consent by saying that he has no intention to ‘retract or apologize for his tweets’. “My view hasn’t changed because the silence of the Supreme Court of India on matters of other’s personal liberty cannot go uncriticised. I don’t intend to retract my tweets or apologize for them. I believe they speak for themselves,” he said in a statement posted on Twitter, addressed to the judges and the attorney general. He added that the “silence of the SupremeCourt on matters of other’s personal liberty cannot go uncriticized”. In the statement published through Twitter, Kamra suggested that the time required for the contempt hearing against him may be spent on other important pending matters such as “demonetization petition, a petition challenging the revocation of J&K’s special status, the matter of the legality of electoral bonds or countless other matters that are deserving of more time and attention” Kamra had made a series of tweets regarding the Supreme Court and initiation of contempt against him has been sought for 4 of his tweets posted in the wake of the Supreme Court granting interim bail to Arnab Goswami.Read the affidavitSubscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

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