vice president – RR Reading http://rrreading.com/ Tue, 08 Mar 2022 15:59:19 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://rrreading.com/wp-content/uploads/2021/03/rrrreading-icon-70x70.png vice president – RR Reading http://rrreading.com/ 32 32 Clinicians now access real-time sepsis monitoring alerts from Wolters Kluwer in the EHR at Tift Regional Medical Center https://rrreading.com/clinicians-now-access-real-time-sepsis-monitoring-alerts-from-wolters-kluwer-in-the-ehr-at-tift-regional-medical-center/ Tue, 08 Mar 2022 14:59:00 +0000 https://rrreading.com/clinicians-now-access-real-time-sepsis-monitoring-alerts-from-wolters-kluwer-in-the-ehr-at-tift-regional-medical-center/

WALTHAM, Mass.–(BUSINESS WIRE)–Wolters Kluwer, Healthcare, today announced that Tift Regional Medical Center, the flagship hospital in Southwell, a Georgia nonprofit healthcare system, has integrated POC Advisor, its sophisticated algorithm for monitoring sepsis and its monitoring solution, in the hospital’s Cerner electronic health recording (EHR) workflow. The integration aims to improve early sepsis identification and care delivery and reduce alert fatigue. Featuring alerts in the Cerner workflow, POC Advisor provides highly accurate sepsis identification and clustered compliance that clinicians can trust.

Marie Roof, Chief Information Officer at Tift Regional Medical Center, said, “Our goal is really to improve overall quality. We chose POC Advisor to move the brand on clinical quality metrics, including sepsis bundle compliance. She continued, “We understand that the key to improvements is communicating timely changes in patient status to clinicians. Accurate and early identification of sepsis is the first step towards improving overall compliance and ultimately reducing length of stay and overall patient outcomes.

Motivated by better sepsis management

Prior to choosing a comprehensive sepsis monitoring solution that integrates with its EHR, Tift had a piecemeal approach to identifying patients with sepsis and managing sepsis performance. Low-quality alerts were often ignored, and nurses managed compliance of the MS-1 set with manual processes. Bedside teams were concerned about alert fatigue, inefficiency, and the possibility of missing important steps of care.

With Cerner EHR integration, POC Advisor detects patients with sepsis, and when doctors and nurses access the patient’s record, POC Advisor displays alerts with Tift’s sepsis command sets, ensuring that evidence-based care is provided consistently. In addition to point-of-care alerting, Tift’s Sepsis Coordinator uses POC Advisor’s central monitoring dashboard to monitor the entire hospital and ensure sepsis patients are receiving compliant care to overall sepsis.

“We respect the best of the breed. The solution available to us in the EHR had low sensitivity and specificity for detecting and alerting to sepsis, and we don’t have the developers on staff to create our own system,” Roof said. “Choosing a solution like POC Advisor gave us what we needed and made it easier to implement the solution in our hospital.”

Proven experience in the management of sepsis

“We are thrilled that Tift Regional Hospital chose POC Advisor as their sepsis monitoring solution and that our collaboration with Cerner ensured seamless integration at the point of care,” said Karen Kobelski, Vice President and General Manager. clinical monitoring, compliance and data solutions. at Wolters Kluwer, Health. “Smarter, evidence-based alerts that work in a clinician’s workflow, instead of adding to it, are harder to dismiss and can lead to faster interventions for better health outcomes. sepsis.”

Learn more about POC Advisor.

Read on our site.

About Wolters Kluwer

Wolters Kluwer (WKL) is a global leader in professional information, software solutions and services for clinicians, nurses, accountants, lawyers and the tax, finance, auditing, risk, compliance and regulation. We help our customers make critical decisions every day by delivering expert solutions that combine deep domain knowledge with advanced technology and services.

Wolters Kluwer achieved annual sales of €4.6 billion in 2020. The group serves customers in over 180 countries, maintains operations in over 40 countries and employs around 19,200 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

Wolters Kluwer provides trusted clinical technology and evidence-based solutions that engage clinicians, patients, researchers and students in effective decision-making and outcomes in healthcare. We support clinical efficiency, learning and research, clinical monitoring and compliance, and data solutions. For more information about our solutions, visit https://www.wolterskluwer.com/en/health and follow us on LinkedIn and Twitter @WKHealth.

For more information visit www.wolterskluwer.com, follow us on TwitterFacebook, LinkedIn and YouTube.

]]> Bursa Malaysia opens lower on fears over high energy and commodity prices | Money https://rrreading.com/bursa-malaysia-opens-lower-on-fears-over-high-energy-and-commodity-prices-money/ Tue, 08 Mar 2022 01:59:45 +0000 https://rrreading.com/bursa-malaysia-opens-lower-on-fears-over-high-energy-and-commodity-prices-money/

In the broader market, losers outpaced winners by 443 to 50, while 186 counters remained unchanged, 1,593 untraded and another 11 suspended. ― Photo by Hari Anggara

KUALA LUMPUR, March 8 – Bursa Malaysia opened lower today as traders grew increasingly concerned about high energy and commodity prices due to the Russian-Ukrainian conflict, a dealer said .

As of 9:05 a.m., the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 1.22% or 19.22 points to 1,553.34 from 1,572.56 at yesterday’s close.

The barometer index opened 6.11 points lower at 1,566.45.

In the broader market, losers outpaced winners by 443 to 50, while 186 counters remained unchanged, 1,593 untraded and another 11 suspended.

Sales amounted to 206.37 million units worth RM107.87 million.

Thong Pak Leng, vice president of equity research at Rakuten Trade Sdn Bhd, said the Dow Jones Industrial Average (DJI Average) fell nearly 800 points, while the Nasdaq fell 480 points to a low for almost a year.

“Back home, we expect the market to rebound from the bargain-hunting activities, otherwise the local stock exchange could be stuck in a consolidation mode,” he told Bernama.

Meanwhile, the Council of Palm Oil Producing Countries (CPOPC) has also raised concerns over the Russian-Ukrainian dispute to drastically reduce the availability of sunflower oil for various applications, food manufacturers having to look elsewhere to circumvent their losses.

Ukraine and Russia are the world’s leading producers of sunflower oil, accounting for 7.3 and 5.8 million tonnes respectively in 2020.

Together, these two countries account for nearly 73% of the sunflower oil export trade.

According to another report, Asian stocks also tumbled, mirroring Wall Street amid fears of a possible inflationary shock stemming from commodity prices and its impact on the global economy.

Therefore, Thong expects the FBM KLCI index to range between 1,565 and 1,585 today.

Among the heavyweights, Hong Leong Financial was down 32 sen at RM18.74, Petronas Dagangan was down 36 sen at RM20.44, Tenaga Nasional was down one sen at RM8.90, IHH Healthcare was down from 17 sen to RM6.28 and Dialog Group slipped seven sent to RM2.60.

Among assets, G3 Global added half a sen to eight sen, DNex fell 5.5 sen to 87.5 sen and TWL Holdings slipped half a sen to 5.5 sen.

On the index chart, FBM Emas index erased 137.51 points to 10,936.32, FBM Emas Shariah index narrowed 171.58 points to 11,654.85, FBM 70 fell 149, 74 points to 12,608.79, the FBMT 100 index lost 130.73 points to 10,654.30, and FBM ACE fell 6 points to 10,654.30 and FBM ACE fell 6 points. .

At the sector level, the index of industrial products and services weakened by 3.02 points to 206.55, the index of financial services contracted by 139.66 points to 15,802.06 and the index des plantations lost 190.46 points to 8,171.52. — Bernama

]]>
NAREB launches campaign to change policies and regulations limiting Black homeownership gains https://rrreading.com/nareb-launches-campaign-to-change-policies-and-regulations-limiting-black-homeownership-gains/ Mon, 28 Feb 2022 15:00:00 +0000 https://rrreading.com/nareb-launches-campaign-to-change-policies-and-regulations-limiting-black-homeownership-gains/

Lydia Pope, President of NAREB

Minority Real Estate Trade Association urges policymakers to tackle down payment assistance, loan level pricing adjustments, student loan debt and valuation bias

It’s a travesty that in 2022, some five decades after the civil rights movement, there has been very little progress in black homeownership…The American Dream of Homeownership must be restarted.

—Lydia Pope

WASHINGTON, DC, USA, February 28, 2022 /EINPresswire.com/ — With the property gap between black and white families wider today than when housing discrimination was rampant decades ago, the National Association of Realtors (NAREB) is launching a “Revive the American Dream of Homeownership” campaign to change public policies that limit the ability of low-to-moderate income families to buy homes.

Last summer, the homeownership rate for blacks was 44.6% compared to 74.2% for whites, a difference of 29.6%. In 1960, before the enactment of civil rights and fair housing laws, there was a 27-point lower gap between black homeownership (38%) and white homeownership (65%), which demonstrates the substantial need for policies that support home ownership.

“It’s a travesty that in 2022, some five decades after the civil rights movement, there has been very little progress in black homeownership,” said Lydia Pope, president of NAREB. “It is time for us to act. We need to alert Congress and the Biden administration that public policies need to be enacted and changed to provide more opportunities for families to buy homes. The American dream of home ownership needs to be revived.

Specifically, NAREB targets four policy areas that they have identified as detrimental to home buying for minorities and low-to-moderate income families:

 Down payment assistance. NAREB fully supports the down payment relief plan under President Biden’s Legislation to Build Back Better. Currently, there are down payment assistance options available to families, but most come with strings attached that may affect their ability to get a home loan. For example, some programs add a second mortgage or stricter salary and credit score requirements. Other proposals want to tie down payment assistance to a tax credit, but this type of relief does little to help a family who cannot close their home because they cannot afford the down payment. NAREB supports a grant program for down payment assistance so that participation does not impact the ability to qualify for a mortgage.

 Student loan debt. Four years after graduating from college, black people owe an average of $25,000 more in student debt than their white counterparts, and black people leave school with an average of $52,726 in student debt, according to Brookings. Institution. Student loan debt affects black people’s ability to buy homes. One of the biggest issues is the inconsistency in determining how student loan debt is calculated in the mortgage underwriting process debt ratios. Essentially, while future debt is taken into account, expected future salary increases are not. There has been some progress with Fannie and Freddie acknowledging income-based payment plans that reduce monthly debt ratio calculations, but that does nothing to address the fact that real student loan debt continues to rise. . While NAREB strongly supports proposals that eliminate some student debt, it is essential that a uniform standard be created that guides the Federal Housing Administration, Fannie Mae, Freddie Mac and the Veterans Administration in calculating debt so that not be left to the lenders.

 Loan Level Price Adjustments (LLPA). A depth study by the Journal of Financial Economics found that equivalent-risk Latinx/Black borrowers pay significantly higher interest rates on GSE-securitized and FHA-insured loans, especially in minority neighborhoods. The researchers estimate that these rate differences cost minority borrowers more than $450 million a year. The LLPAs are the culprits. Even if someone qualifies for a loan, lenders are allowed to adjust the interest rate based on credit scores. Additionally, private mortgage insurance companies also increase their mortgage insurance rates based on credit scores. Thus, the consumer may be hit twice by higher rates, creating price increases that may push potential buyers out of the market. NAREB is seeking an end to LLPAs and wants it to be established that if a family qualifies for a mortgage, they get the loan at no additional cost.

 Fair assessments. NAREB wants to end valuation bias when black people sell their homes or need an appraisal on new ones. There is a growing tendency to move away from physical assessments to rely on technology. But this is inconvenient because the data entered into any program may already be biased. A Brookings Institution study shows that homes in black neighborhoods are 23% lower in value than similar homes in white neighborhoods. A 2021 Redfin study found that homes in black neighborhoods are undervalued by $46,000 on average, a consistent gap over the past decade. Furthermore, the assessment review process is deeply flawed. When an appraisal is disputed, the onus is on the real estate agent or lender to provide data to support a change in appraisal. But this rarely happens – less than 3% of reviews are reviewed. NAREB wants a revamped assessment review process. Additionally, NAREB is calling on the public and private sectors to help increase the number of black evaluators. There are 78,000 reviewers across the country, but only 2% are black.

“By addressing these public policy issues, we can create an environment that will give more black families the opportunity to own property,” said Ashley Thomas III, NAREB’s second vice president, who is leading the campaign. “These policy changes must be part of Reckoning on Race. It is shameful that there are policies that limit progress.

###

ABOUT THE NATIONAL ASSOCIATION OF REAL ESTATE BROKERS
NAREB was established in 1947 to ensure the right to equal housing opportunity regardless of race, creed or color. NAREB has advocated for legislation and supported or initiated legal challenges that ensure fair housing, sustainable homeownership, and access to credit for Black Americans. Simultaneously, NAREB advocates and promotes access to business opportunities for Black real estate professionals in each of the real estate disciplines.

Michael K. Frisby
Frisby & Associates
+1 202-625-4328
mike@frisbyassociates.com
Visit us on social media:
Facebook
LinkedIn

]]>
Gold becomes cheaper by more than Rs 500, silver below Rs 66,000; buy gold near Rs 50800 — Gold Price Prediction, Gold Price Outlook https://rrreading.com/gold-becomes-cheaper-by-more-than-rs-500-silver-below-rs-66000-buy-gold-near-rs-50800-gold-price-prediction-gold-price-outlook/ Fri, 25 Feb 2022 04:42:49 +0000 https://rrreading.com/gold-becomes-cheaper-by-more-than-rs-500-silver-below-rs-66000-buy-gold-near-rs-50800-gold-price-prediction-gold-price-outlook/

Gold Rates Today, Gold Prices in India February 25, 2022: Gold prices in India fell on Friday, even as rates in the international market rose.

Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices in India fell on Friday even as rates in the international market rose. On Multi Commodity Exchange, April gold futures fell Rs 530 or 1.03% to Rs 51,014 per 10 grams, from the previous close of Rs 51,543. were seen at 65,725 rupees per kg, down 1,173 rupees or 1.75%. Overall, yellow metal prices rose, stabilizing after a volatile session, as investors reassessed the situation surrounding Russia’s invasion of Ukraine and new sanctions against Moscow by the West, according to Reuters. Spot gold rose 0.3% to $1,909.06 an ounce, while US gold futures fell 0.8% to $1,910.70.

Tapan Patel, Principal Analyst — Commodities, HDFC Securities

Gold prices traded firm on Friday, with COMEX spot gold prices trading 0.46% higher near $1912 an ounce in morning trade. April MCX Gold futures opened lower near Rs. 51,035 per 10 grams. under pressure from a stronger rupee. Gold prices fell 17 months after Russia invaded Ukraine and imposed sanctions on Russia by the United States, which investors consider weaker than expected. However, prices are still holding a support range at $1870 an ounce in view of the US FOMC position in March. We expect gold prices to trade sideways for the day with COMEX Spot gold support at $1870 and resistance at $1970 per ounce. MCX Gold April support stands at Rs. 50800 and resistance at Rs. 51800 per 10 grams.

Anuj Gupta, Vice President, IIFL Securities

Yesterday, Mcx Gold prices rose sharply by 2.31% and closed at 51543 levels, but touched the intraday high of 52797 levels. In the spot market, it touched the levels of $1974.30, the highest levels in 17 months. The demand for refuge due to the war between Russia and Ukraine and crude oil prices reaching the levels of $105 provide support for the yellow metals. For intraday traders, we recommend buying gold around the 50800 – 50900 levels with the 50450 stoploss for the 51800 – 52000 levels target. $1950 to $1980.

Navneet Damani, Senior Vice President – Commodities and Currency Research, Motilal Oswal Financial Services

The price of gold rallied nearly $70 in one day and then fell from the high, erasing most of the gains. Russian-Ukrainian tensions continue to play a major role in geopolitical risk; Russia “officially” invaded Ukraine; continuous updates regarding strikes and attacks heightened market distress. On top of that, the US and its allies have also reacted with more sanctions to punish Russia with “economic damage”. However, markets were expecting tougher sanctions, including Russia’s withdrawal from the SWIFT financial messaging system. On the other hand, after this chaos seen during the 1st half of the session, the United States announced a better than expected GDP, which shifted the market’s attention to the important Fed policy meeting scheduled. next month. Few Fed officials mentioned in their speech the risk of geopolitical tensions that could hamper the monetary policy decision, although investors anticipated aggressive rate hike action. A cautious approach is advised as further updates in geopolitical tensions could further increase market volatility. A broader trend on the COMEX could be between $1900 and $1940 and on the home front, prices could swing between Rs 50,500 and 51,600.

Ravindra Rao, CMT, EPAT, Vice President of Commodities Research, Kotak Securities

COMEX gold is trading slightly lower near $1915/oz, pulling back further from the September 2020 highs set in the previous session. Gold fell off the highs as risk sentiment stabilized as market participants weighed the impact of sanctions imposed by the United States and other Western countries in response to the onslaught of the Russia versus Ukraine. Falling crude oil and other commodity prices from recent highs have also dampened gold’s appeal as an inflation hedge. Gold has moved off the highs, but with the prospect of heightened tensions between Russia and world leaders, risk sentiment may remain low and that may keep gold supported.

(The views expressed in this story are expressed by the respective experts at the research and brokerage firm. Financial Express Online takes no responsibility for their advice. Please consult your investment advisor before investing.)

]]>
Mortgage applications for buying a new home in January see a double-digit drop – RISMedia https://rrreading.com/mortgage-applications-for-buying-a-new-home-in-january-see-a-double-digit-drop-rismedia/ Wed, 23 Feb 2022 05:19:20 +0000 https://rrreading.com/mortgage-applications-for-buying-a-new-home-in-january-see-a-double-digit-drop-rismedia/

Mortgage Bankers Association (MBA) Construction Applications Survey (BAS) data for January 2022 shows that mortgage applications for new home purchases are down 12.5% ​​from a year ago. one year old. Compared to December 2021, however, requests have increased by 10%. This change does not include adjustments for typical seasonal patterns.

Main conclusions:

MBA estimates new single-family home sales occurred at a seasonally adjusted annual rate of 821,000 units in January 2022. This is down 7.4% from the rate of 887,000 units in December 2021. On an unadjusted basis, MBA estimates there were 66,000 new home sales in January, a 10% increase from 60,000 new home sales in December.

The average loan size for new homes rose from $423,102 in December to $426,954 in January. By type of product, credit applications break down as follows:

Conventional loans: 77%
FHA loans: 13%
VA loans: 9.5%
RHS/USDA loans: 0.5%

Take-out:

“While demand from homebuyers remains strong, buying activity is being constrained by rising prices and construction delays due to supply chain pressures and building material shortages,” said Joel Kan, Associate Vice President of MBA Economic and Industry Forecasting. “MBA’s estimate of new home sales fell in January to its slowest annual pace since July 2021. New home buying activity continues to be focused on the high end of the market and prices for overall sales continue to increase.”

For more information on the Builder MBA Application Survey, please click here.

]]>
Farmers will plant 12 million acres of cotton in 2022 https://rrreading.com/farmers-will-plant-12-million-acres-of-cotton-in-2022/ Mon, 21 Feb 2022 13:52:18 +0000 https://rrreading.com/farmers-will-plant-12-million-acres-of-cotton-in-2022/

By Julie Tomascik
Editor

Cotton is expected to see an increase in planted acreage in 2022, according to a survey released by the National Cotton Council (NCC).

The NCC’s 41st annual survey of early season planting intentions showed that U.S. cotton growers plan to plant 12 million acres of cotton this spring, a 7.9% increase from 2021.

“The acreage planted is just one of the factors that will determine the supply of cotton and cottonseed,” said Dr. Jody Campiche, vice president of economic and policy analysis at NCC. “Ultimately, weather and agronomic conditions are among the factors that play a significant role in determining crop size.”

Upland cotton growers plan to plant 11.9 million acres, up 7.% from 2021, while extra-long staple (ELS) cotton growers reported an increase of 158 000 acres, up 24.8%.

Using the 10-year average abandonment rate for each state, cotton belt harvested acreage totals 9.8 million acres for 2022 with an 18.9% US abandonment rate. Using the five-year state-level average yield per harvested acre yields a cotton crop of 17.3 million bales, with 16.8 million bales of upland and 438,000 bales of ELS, according to NCC.

Southwest producers, which include Texas, Kansas and Oklahoma, aim to increase cotton acreage by 7% to 7.4 million acres.

NCC noted that each of the three states planned to increase cotton acreage, with Kansas increasing by 15.2%, Oklahoma increasing by 5.6% and Texas calling for a 6.9% increase. The responses indicate a shift from sorghum to cotton, with farmers in Texas also planting less wheat.

ELS acreage is expected to increase 24.8% in 2022 to 158,000 acres. NCC notes that the trend is likely due to the all-time highs seen in ELS cotton prices.

Respondents reported an increase in ELS of 30.4% in California, 16.3% in Texas, 11% in New Mexico and 5.9% in Arizona.

“History has shown that American farmers react to relative prices when making planting decisions,” Campiche said. “Compared to average futures prices during the first quarter of 2021, prices for all commodities are trading significantly higher. However, input costs are also significantly higher than at the same time. last year.

Surveys were mailed in mid-December 2021 to cottonbelt farmers in 17 states, asking farmers how many acres will be planted to cotton and other crops in 2022. Responses to the survey were collected until mid-January.

The NCC survey is a snapshot of intentions based on market conditions at the time of the survey, with actual plantings influenced by changing market and weather conditions. Farmers will continue to monitor commodity price developments and input costs before finalizing their acreage decisions for 2022.

Click here for a complete overview of the 12 million acres earmarked for cotton in the United States this year.

]]>
DADE COUNTY MEDICAL ASSOCIATION PROMOTES HEALTH ACTION IN TALLAHASSEE https://rrreading.com/dade-county-medical-association-promotes-health-action-in-tallahassee/ Fri, 18 Feb 2022 22:52:22 +0000 https://rrreading.com/dade-county-medical-association-promotes-health-action-in-tallahassee/

The DCMA delegation meets with elected officials during the 2022 legislative session in Tallahassee.

February 18 – The Dade County Medical Association (DCMA) recently traveled to Tallahassee to promote several health care initiatives that have been prioritized by the DCMA Board of Directors to support our member physicians and their patients.

DCMA CEO Angel Bosch, Rudolph Moise, DO and Past DCMA Chairman, and Raul Grosz, MD with Rep. Dotie Joseph

The Dade County Medical Association delegation included DCMA President Jose David Suarez, MD; DCMA President-Elect Rafael Fernandez, MD; DCMA Vice President, Carmel Barrau, MD; Outgoing DCMA President, Rudy Moise, DO; Jeffrey Block, MD; Raul Grosz, MD; DCMA Executive Director, Fraser Cobbe and Managing Director, Angel Bosch. The delegation held 20 meetings with senators and representatives of the Miami-Dade delegation during which they discussed issues that will impact the practice of medicine and patients in the State of Florida.

The DCMA advocated for the following bills:

  • Invalid covenants in health care (SB 842 Embroiderer & HB 1449 )
  • Emergency medical treatment for minors (SB 1114 Bradley and HB 817)
  • Loan forgiveness for physicians practicing in critical areas
  • COVID-19 Physician Liability Exemption Extended (SB 7014 Judiciary and HB 7021 Health & Human Services), approved by the Florida Senate and House of Representatives, and is ready for signature by Governor Ron DeSantis.
  • Telehealth Practice Standards (SB 312 Diaz & HB 17 Fabricio)
  • Step therapy (SB 730 Harrell & HB 459 Wilhite)

Additionally, as part of this visit, the DCMA was proud of the recognition received by Rafael Fernandez, MD President-Elect and Antonio Mesa, DO Past-President who were sponsored as Doctor of the Day in the Florida Senate and the House of Representatives during the visit of the DCMA Delegation.

If you want to learn more about the 2022 DCMA Legislative Session Advocacy Day, visit https://www.facebook.com/dadecountymed and join DCMA Executive Director Fraser Cobbe for Monday Morning Rounds, an initiative launched by the organization to provide a summary. of the major legislative action unfolding in Tallahassee.

About DCMA

The DCMA is the organization of choice for physicians advocating for patients and the quality and sustainability of the practice of medicine. Its mission is to support its members in all aspects of the practice of medicine; serve physicians and their patients by establishing and promoting ethical, educational, and clinical standards for the medical profession, and uphold the highest principle of all, the integrity of the patient/physician relationship.



Post views:
17

]]>
Lumber prices soar 29% in February as reopening boosts commodities rally https://rrreading.com/lumber-prices-soar-29-in-february-as-reopening-boosts-commodities-rally/ Wed, 09 Feb 2022 19:48:30 +0000 https://rrreading.com/lumber-prices-soar-29-in-february-as-reopening-boosts-commodities-rally/
  • Lumber has jumped nearly 30% so far this month, alongside the broader rally in global commodities.
  • Commodity prices rose amid cold winter weather and geopolitical tensions, among other factors, an expert said.
  • The falling US dollar is also a reason for the rising prices, the expert added.

The price of timber has risen nearly 30% so far this month, in line with the broader recovery in global commodities as economies around the world reopen.

“I think it’s part of the larger commodity movement,” David Russell, vice president of market intelligence at online brokerage TradeStation, told Insider. “We have kind of a broad shift of money into commodities and materials in the broader market.”

Russell said commodity prices — including those for iron, oil, soybeans and fertilizers — mostly rose amid cold winter weather, geopolitical tensions and supply chain disruptions.

After a brief cooling in recent weeks, lumber futures rose for the sixth straight session on Wednesday, hitting $1,204.90 per thousand board feet, its highest level for the month.

That’s a 29% jump from Feb. 1, when the critical building material traded at $934.90 per thousand board feet. Still, lumber is 30% below its all-time high of $1,711 hit in May 2021.

Russell also attributed the recent jump in lumber to the falling US dollar on Wednesday ahead of key consumer price data. When the dollar weakens, general commodity prices strengthen, giving the two an inverse relationship.

Lumber prices have skyrocketed over the past year in part due to distorted supply chains during the pandemic. For example, shipping issues at Resolute Forest Products, one of Canada’s largest producers, have strained the supply of lumber.

In addition to price pressures, there is a focus on construction and home improvements as more Americans seek to adjust to the work-from-home trend.

“Many of the same things that have caused lumber prices to rise over the past six months to a year continue to affect lumber prices today,” Chip Setzer, Director of Trade and Growth for the Mickey group, a commodity trading platform, initiated. “The demand for forest and wood products remains high and the supply remains limited. »

Michael Goodman, Manager of Specialty Products at Sherwood Lumber, agrees and adds that this trend will continue for the foreseeable future.

“Between the combined extreme demand, weather, trucking, and various other supply chain issues, [lumber] continues to push the price to new highs,” he told Insider. “We are only into February and are seeing record months for volume. Most expected a slowdown due to interest rates, but the daunting task continues and will continue for some time.”

]]>
Home Point Capital Appoints New Board Member – NMP https://rrreading.com/home-point-capital-appoints-new-board-member-nmp/ Fri, 28 Jan 2022 13:59:39 +0000 https://rrreading.com/home-point-capital-appoints-new-board-member-nmp/

Joanna Zabriskie brings over 25 years of experience in real estate, banking and finance to the board of directors of Home Point Capital Inc.

Zabriskie is the President and CEO of BH Companies, a national owner/operator of multi-family properties. She joined BH in 2013 as Senior Vice President. In December 2014, she was promoted to President and CEO.

Prior to BH, his previous company co-invested with BH for many years as a sponsor/partner on multi-family acquisitions. She has served as Managing Director and Chief Investment Officer of Harbor Realty Partners, a company she co-founded to invest in multi-family properties, and Managing Director of Captec Financial Group.

Zabriskie earned an undergraduate degree from Carleton College and a Masters in International Management and MBA from the American Graduate School of International Management (Thunderbird).

“Joanna is an exceptional addition to our Board of Directors and we are extremely pleased to welcome her. She brings strong business and financial acumen, thoughtful leadership and innovative thinking and will be invaluable to Home Point Capital and the Board of Directors,” said Willie Newman, President and CEO of Home Point Capital.

]]>
Lee and Yoon enter final six weeks of South Korean presidential race https://rrreading.com/lee-and-yoon-enter-final-six-weeks-of-south-korean-presidential-race/ Thu, 27 Jan 2022 15:00:00 +0000 https://rrreading.com/lee-and-yoon-enter-final-six-weeks-of-south-korean-presidential-race/

Here is today’s Foreign Police brief: South KoreaPresidential race enters six-week home stretch, US hands over written responses to Russiaand Xiomara Castro assumes the presidency of Honduras.

If you would like to receive Morning Brief in your inbox every weekday, please sign up here.


South Korea’s presidential race heats up

Here is today’s Foreign Police brief: South KoreaPresidential race enters six-week home stretch, US hands over written responses to Russiaand Xiomara Castro assumes the presidency of Honduras.

If you would like to receive Morning Brief in your inbox every weekday, please sign up here.


South Korea’s presidential race heats up

The race for the South Korean presidency is heating up as the main contenders are due to meet next week for their first live debate to argue for the succession of President Moon Jae-in.

With less than six weeks to go until the March 9 vote, the choice is largely between two candidates: Yoon Seok-youl of the conservative People Power party and Lee Jae-myung of Moon’s Democratic party.

Both men are relative outsiders to South Korean politics, as S. Nathan Park noted in FP this month, neither following the usual path from the legislature to the Blue House. Yoon made a name for himself as a prosecutor who helped put former South Korean President Park Geun-hye behind bars, while Lee was more recently governor of Gyeonggi, the country’s most populous province.

Yoon had initially been the favorite by a wide margin until a series of scandals and infighting within the party dragged him down. Lee led most polls in January, but Yoon showed some resilience, leading in the two most recent polls.

Besides the immediate issue of South Korea’s exit from the coronavirus pandemic, the winning candidate will have to tackle the growing inequality and cost-of-living crisis that has plagued the world’s 10th largest economy. The problem is most acute in the housing market, where the average house price in the greater Seoul area has doubled in the past five years.

Lee offered a solution to the country’s economic divide: a universal basic income as well as plans for basic housing and finance programs.

These lofty goals have yet to be matched by the tone of the campaign, which has been noted for its slander. As the two candidates campaign while dealing with a slew of scandals, voters will have to decide which party they think is the lesser of two evils, said Soo Kim, Korea analyst at the RAND Corporation. Foreign Police. The choice will basically come down to “which one we can tolerate for the next five years,” Kim added. “Hopefully Lee or Yoon will be able to refute that.”

When it comes to foreign policy, the two men present radically different visions, as noted by Victor Cha in Foreign Police. While it’s common for a progressive and conservative candidate to disagree on North Korean policy, a range of other diplomatic issues are dividing the candidates this time around, with apparent differences over China, military relations with the United States and energy policy.


What we follow today

Ukrainian developments. US Secretary of State Antony Blinken said the ball was in Russia’s court after written responses to Russian demands for NATO expansion and security guarantees were returned to Moscow on Wednesday. Although not yet published, the responses will likely follow verbal statements already made by Blinken, which included a rejection of any attempt to restrict NATO expansion, but offered cooperation on arms control. and military exercises.

Russian Deputy Foreign Minister Alexander Grushko said Russia would not be in a hurry to react. “We will read it. Study it. The partners studied our project for almost a month and a half,” Grushko said.

As the United States awaits Russia’s response, prospects for a resolution to Ukraine’s war with pro-Russian separatists have improved after Wednesday’s Normandy format talks in Paris. Russian official Dmitry Kozak said the meeting had reconfirmed a ceasefire and that the four-party talks would continue in two weeks to discuss interpretations of the Minsk protocol.

Enthronement of Castro. US Vice President Kamala Harris will be among the audience of dignitaries today in the Honduran capital, Tegucigalpa, for the inauguration of Xiomara Castro, who is expected to become the country’s first female president. Castro’s first days in office are already expected to prove difficult after a rebellion within his Free Party blocked the election of his preferred candidate for president of the National Congress last week.

His immediate predecessor, Juan Orlando Hernández, is expected to face a much tougher challenge, with a US indictment for drug trafficking reportedly imminent.

The India-Central Asia Summit. Indian Prime Minister Narendra Modi is the virtual host of today’s India-Central Asia Summit, with the presidents of Kazakhstan, Uzbekistan, Tajikistan, Turkmenistan and Kyrgyzstan all expected to attend the event in line. The meeting, which is expected to discuss Afghanistan as well as regional integration, is the first to take place at the leadership level.


The Afghan crisis. UN Secretary-General António Guterres has called for an unfreezing of around $9 billion in Afghan central bank reserves held in US institutions, warning that the country is “hanging by a thread”. The United States froze the funds in August 2021 to prevent them from entering the hands of the Taliban. Chinese Ambassador to the UN Zhang Jun condemned the freezing of US assets as “no less deadly than a military intervention”.

Lukashenko speaks. Belarusian President Aleksandr Lukashenko is due to address an extraordinary session of parliament today, although his office has yet to give a reason for his speech. Lukashenko may deliver a long-delayed annual speech after failing to deliver one in 2021.


The small European nation of Andorra suffered a widespread internet blackout earlier this week, affecting more than half of the population of around 77,000 people, following a cyberattack on the country’s only telecommunications company . Was the culprit a state actor? A ransomware gang? Authorities have yet to find those responsible, but they have a motive: to force contestants out of a live tournament for the online game Minecraft, with the last player set to win a $100,000 prize.

Despite being eliminated due to the blackouts, Andorra players Auron (who has over 11.5 million subscribers on his Twitch channel) and Rubius (11 million subscribers) have not given up on their competitive streak and offered a $10,000 reward to anyone who finds the hacker responsible.

]]>