Friday, August 2, 2013

What Queen Elizabeth II's Speech Would Have Been If WWIII Had Happened

What Queen Elizabeth II's Speech Would Have Been If WWIII Had Happened

The early 1980s was a time of serious dread for many people worried that the U.S. and the Soviet Union might start World War III. And it's easy to understand why. One wrong move by either nuke-equipped country, and it was the end of civilization as we knew it. In fact, that's nearly what happened on September 26, 1983 when a Soviet early warning system falsely detected U.S. missiles headed for Russia. Had Lt. Col. Stanislav Petrov not been skeptical, there's little doubt we'd have seen World War III. And a newly released speech written for the Queen of England gives a peek at what that alternate history may have looked like.

Read more...

    


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/43W5K69KwjA/what-queen-elizabeth-iis-speech-would-have-been-if-wwi-990920023

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Thursday, August 1, 2013

How to Get a Mortgage With Bad Credit | VA Loan After a Short Sale

Today, there is still a general consensus that to buy a home you need to have 20% down and a good-to-excellent credit history. The good news is you actually don?t need a large down payment or great credit in order to purchase a home with competitive market terms.

Let?s look at the characteristics of what a mortgage lender deems to be bad credit when it comes time to qualify for a mortgage loan.

A mortgage company?s definition of bad credit might not be what a consumer considers to be bad credit. A credit score of 620 or higher is required to successfully obtain a mortgage. By the same token, a 620 credit score is considered by a lender to be less than perfect, but it?s still possible to get a mortgage with that score.

Your credit score determines two major things for a mortgage company:

  1. Loan program ? whether it?s a conventional or FHA-type mortgage
  2. Pricing ? this includes your interest rate and any additional charges indicative of the credit score (the lower the credit score, the higher the interest rate and/or potential charges)

Your credit history is the next factor in determining whether or not your loan will be approved. Is there a pattern of previous credit delinquencies? Are there balances on closed-out accounts? It?s common for a consumer to have a 620 credit score, and have a consistent historical pattern of derogatory credit. Interestingly, this person would have a more difficult time obtaining mortgage loan approval than someone with a 640 credit score with no history of delinquencies other than a foreclosure from a couple of years before.

In order of priority, lenders will look at the credit score to determine which home loan you?re eligible for. Next, the complete credit overview will be taken into consideration to determine what questions may or may not arise in the underwriting decision process. The underwriting process will be looking for ?what happened,? ?why it happened? and the future ?likelihood of continuance or repeat non-repayment.?

Common Credit Red Flags for Lenders

Pattern of Delinquencies ? A record of late payments is possible to work around, but more lender scrutiny will be given to the size of your down payment and your debt-to-income percentage.

Student Loan Late Payments ? If you had a late payment on your student loans within the past 12 months, you may be more likely to be approved for conventional financing. Government financing ? like FHA ? does not take kindly to delinquent federal debt.

Mortgage Late Payments -- One late payment in the past 12 months is permitted, so long as it can be explained and, if necessary, fully documented.

Foreclosure ? 36 months from the date of the foreclosure you?ll become eligible for a?3.5% down FHA loan; for a VA loan, 48 months and no money down required; conventional loans require seven years no matter the down payment.

Short sale ? It takes 36 months from the date of the short sale until you?re eligible using a 3.5% down payment FHA loan; 24 months with the VA loan; 24 months on a conventional loan with a minimum down payment of 20%.

Bankruptcy ? With Chapter 7 (Chapter 13 is less common), you have 24 months from the date of discharge until you?re eligible using a 3.5% down FHA loan; 48 months on VA loans (still no money down required); and 48 months on conventional loans, no matter the down payment.

Why You Can Get a Mortgage With Bad Credit

There?s a thing called investor overlays, which are adjustments to guidelines and/or pricing created in favor of the lender. This is precisely why one lender can do a loan for someone with bad credit and minimal (or no) down payment, and another lender cannot do the loan in some instances.

Overlays further protect lenders against potential future losses from the home loans they originate, preserving profit margins and buyback risk (an event in which the originating lender is forced to buy back from the investor if the loan they made was not fully documented). Investor overlays tighten the screws on borrowers? ability to borrow. Put another way, it shifts risk ? which translates to cost ? on to the consumer by means of limiting the ability to borrow via higher loan fees, reduced purchase price, or lower debt ratio, to name a few.

Note: Every mortgage lender has investor overlays, it?s the nature of how mortgage companies operate, the key is to work with a lender whose overlays are minimal.

Homebuyer Homework

  1. Know your credit score, first and foremost (you can monitor your score for free using a service like Credit.com?s Credit Report Card). Obtain a copy of your credit report (which you can do for free through AnnualCreditReport.com), this will aid you in selecting the appropriate lender.
  2. Get as much supporting documentation as possible surrounding your credit challenges so the story can be explained from A to Z.
  3. When speaking with a potential lender, be very specific. Do not be afraid to share every detail of your needs and concerns, giving the most complete description possible. Find out upfront if they have any additional conditions with regard to credit history, as doing so could save you considerable time and money.

More from Credit.com

Source: http://finance.yahoo.com/news/mortgage-bad-credit-103051272.html

Source: http://valoanaftershortsale.org/2013/07/31/how-to-get-a-mortgage-with-bad-credit/

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Japan Finance Minister under fire for Nazi comment

TOKYO (AP) -- Japanese Finance Minister Taro Aso has retracted comments suggesting Japan should follow the Nazi example of how to change the country's constitution, following protests by neighboring countries and human rights activists.

Aso drew outrage for saying Japan should learn from how the Nazi party stealthily changed Germany's constitution before World War II before anyone realized it, and for suggesting that Japanese politicians should avoid controversy by making quiet visits to Tokyo's Yasukuni war shrine.

Speaking to reporters, Aso said Thursday that he was misunderstood and only meant to say that loud debate over whether Japan should change its postwar constitution, and other issues, is not helpful.

"It is very unfortunate and regrettable that my comment regarding the Nazi regime was misinterpreted," Aso told reporters. "I would like to retract the remark."

Aso, who is also deputy prime minister, made the comments about Nazi Germany during a speech Monday in Tokyo organized by an ultra-conservative group.

Critics of the ruling Liberal Democrats are uneasy over the party's proposals for revising the U.S.-inspired postwar constitution, in part to allow a higher profile for Japan's military.

Japan and Nazi Germany were allies in World War II, when Japan occupied much of Asia and Germany much of Europe, where the racial supremacist Nazis oversaw the killings of an estimated 6 million Jews before the war ended in 1945 with their defeat. Japan's history of military aggression, which included colonizing the Korean Peninsula before the war, is the reason its current constitution limits the role of the military.

According to a transcript of the speech published by the newspaper Asahi Shimbun, Aso decried the lack of support for revising Japan's pacifist constitution among older Japanese, saying the Liberal Democrats had held quiet, extensive discussions about its proposals.

"I don't want to see this done in the midst of an uproar," Aso said, according to the transcript. Since revisions of the constitution may raise protests, "doing it quietly, just as in one day the Weimar constitution changed to the Nazi constitution, without anyone realizing it, why don't we learn from that sort of tactic?"

Government spokesman Yoshihide Suga said the administration of Prime Minister Shinzo Abe "in no way looks positively at the Nazi regime. Since the end of the war (World War II), our nation has consistently built up a society which thoroughly advocates peace and human rights."

"This direction remains unchanged, going forward," he added.

Aso often speaks in a meandering style that has gotten him in trouble for off-the-cuff remarks in the past. He has apologized previously for accusing the elderly of being a burden on society, joking about people with Alzheimer's disease, saying the ideal country would be one that attracts "the richest Jewish people," and comparing the opposition Democratic Party of Japan to the Nazis.

On Thursday, Aso insisted that he was referring to the Nazis "as a bad example of a constitutional revision that was made without national understanding or discussion."

"If you listen to the context, it is clear that I have a negative view of how the Weimar constitution got changed by the Nazi regime," he said.

"This is a constitution for all," Aso said. "I just don't want (the revision) to be decided amid a ruckus."

The Nazis' rise to power in the early 1930s amid the economic crisis brought on by the Great Depression was facilitated by emergency decrees that circumvented the Weimar constitution. So was Adolph Hitler's seizure of absolute power after he was made chancellor in 1933.

It was not a matter of revising but of abusing the constitution.

Opposition leaders condemned Aso's remarks, saying they showed a lack of understanding of history and hurt Japan's national interest. Some demanded Aso resign.

Aso's comments "sounded like praise for Nazi actions and are totally incomprehensible," said Akihiro Ohata, secretary general of the Democratic Party.

"Minister Aso's ignorance about historical facts is so obvious," said Seiji Mataichi, secretary general of the Social Democratic Party. "I also want to remind him that praising the Nazis is considered a crime in EU nations."

The Simon Wiesenthal Center, a group dedicated to keeping alive the history of the Holocaust, urged Aso to "immediately clarify" his remarks.

"What `techniques' from the Nazis' governance are worth learning? How to stealthily cripple democracy?" Rabbi Abraham Cooper, associate dean of the Simon Wiesenthal Center, said in a statement.

"Has Vice Prime Minister Aso forgotten that Nazi Germany's ascendancy to power quickly brought the world to the abyss and engulfed humanity in the untold horrors of World War II?"

In South Korea, Foreign Ministry spokesman Cho Tai-young said Aso's remark "will obviously hurt many people."

"I believe Japanese political leaders should be more careful with their words and behavior," Cho said.

In China, which also suffered invasion and occupation by Japanese imperial troops before and during the war, Foreign Ministry spokesman Hong Lei said the comments showed that "Japan's neighbors in Asia, and the international community, have to heighten their vigilance over the direction of Japan's development."

Hong also objected to Aso's comments on visits to the Yasukuni Shrine, which commemorates Japan's 2.3 million war dead, including 14 wartime leaders convicted of war crimes.

Aso urged lawmakers in his speech to visit the shrine at times other than the closely watched anniversary of the end of the war on Aug. 15 to avoid diplomatic flare-ups.

"We demand that Japan seriously contemplate history, remain committed to promises it made on historical issues, and take concrete actions to win the trust of its Asian neighbors and the international community," Hong said.

Source: http://hosted.ap.org/dynamic/stories/A/AS_JAPAN_NAZI_COMMENT?SITE=MOPAR&SECTION=INTERNATIONAL&TEMPLATE=DEFAULT

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Disk error trying to boot with USB w/Windows Defender Offline

Trying to clear my mom's computer of some viruses. She has Microsoft Security Essentials and it said I needed to download Windows Defender Offline.

?

I downloaded to my personal laptop and created the files on a brand new clean USB flash drive.

?

Went through the steps necessary through BIOS to move the USB drive to top of the Boot list.

When I put the USB in and restart the computer, it gives me a Disk Error message.

?

Any ideas what the issue could be?

Computer I'm trying to clean is a desktop Dell Dimension.


Source: http://www.bleepingcomputer.com/forums/t/502918/disk-error-trying-to-boot-with-usb-wwindows-defender-offline/

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Harry Reid?s claim that the sequester has ?already cut 1.6 million jobs?

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Source: www.washingtonpost.com --- Thursday, August 01, 2013
?We have learned that the sequestration already has cut 1.6 million Jobs. So we need job creation. We need to help the middle class by creating Jobs.? ? Senate Majority Leader Harry Reid (D-Nev.), floor speech, July 31, 2013 Read full article >> ? ? ? ? ...

Source: http://feeds.washingtonpost.com/c/34656/f/645348/s/2f6d0393/sc/1/l/0L0Swashingtonpost0N0Cblogs0Cfact0Echecker0Cpost0Charry0Ereids0Eclaim0Ethat0Ethe0Esequester0Ehas0Ealready0Ecut0E160Emillion0Ejobs0C20A130C0A70C310Cb40Ab0Acfa0Efa280E11e20Ea3690Ed1954a

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India in semis of Jr women's hockey World Cup

India shocked higher-ranked Spain 4-2 to enter the semi-finals in the Junior women?s hockey World Cup for the first time in Monchengladbach, Germany, on Thursday.

Down by an early goal, the Indians rallied splendidly and scored twice in each half through Monika (10th minute), Navneet Kaur (34th), Vandana Katariya (41st) and Rani (48th) to emerge triumphant.

Representation image of field hockeyXantal Gine (7th minute) and captain Berta Bonastra (30th) accounted for Spain's goals.

The Spanish girls opened the scoring when Gine converted a penalty-corner in the seventh minute, but India restored parity three minutes later through a field effort from Monika.

Spain restored their lead five minutes from half-time through Bonastra, but Navneet made sure India would cross over on even terms with a reverse stick shot in the dying minutes of the opening half.

After the change of ends, India surged ahead in the 41st minute when Katariya converted a penalty-corner.

Seven minutes later Rani extended the lead (4-2) to put the Indians in command.

With 22 minutes left in the game, Spain pressed hard but India?s defence stood firm.

India will take on the winners of the last quarter-final, between the Netherlands and South Africa, in Friday?s semi-finals.

Source: http://www.rediff.com/sports/report/india-in-semis-of-jr-womens-hockey-world-cup/20130801.htm

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Apple Seeds New OS X Mountain Lion 10.8.5 Build to Developers for Testing

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Source: http://www.iclarified.com/32435/apple-seeds-new-os-x-mountain-lion-1085-build-to-developers-for-testing

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