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The Morning Newsfeed: 07.10.08

October 12, 2008
posted by admin

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bp515030-best-je.jpgRedstone Says No to Anointing His Daughter (NYT)
In a CNBC television interview to be shown on Thursday, Viacom chairman Sumner Redstone apparently reignited a long-running dispute with his daughter, Shari, over future control of the family media empire. In the interview, Redstone said flatly that his daughter was no longer the company's heir apparent and that she would leave the board as part of an agreement he had reached with her.

Bloomberg L.P. Consolidates in a Revamping of Divisions (NYT)
Bloomberg L.P., the financial news and data company founded by Mayor Michael R. Bloomberg, announced a revamping on Wednesday intended to play up its growing assets in television, radio and Internet content. The company, best known for its Bloomberg computer terminals, said the changes were meant to serve customers better by consolidating disparate divisions. Portfolio: Ultimately more significant could be smaller adjustments meant to make Bloomberg a more rewarding place to work. These reportedly range from a newly-stated commitment to flexible work schedules to a rejiggering of one of the most distinctive features of life at Bloomberg, the program of bonuses known as "certs."

Yahoo Investors Want Assurances From Icahn (NYP)
A rift is developing among some large Yahoo shareholders that could affect billionaire Carl Icahn's plans to toss out the Internet icon's board and sell the company to Microsoft. Bill Miller, whose Legg Mason Capital Management owns 4.7 percent of Yahoo shares, wants a pledge that Icahn won't sell the company for less than $33 a share. Mutual fund manager Gordon Crawford is willing to take $31.

continued...

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How the WorldWide Telescope works

October 11, 2008
posted by admin

Jonathan Fay is principal developer of the WorldWide Telescope. In this interview he explains how the project has yielded not only a breakthrough software product, but also a reference model for the acquisition, transformation, and visualization of astronomical data. You'll learn not only how the WorldWide Telescope works, but also why it exists: To fulfill the education mission discussed in a related interview with Curtis Wong and Roy Gould.



Jonathan Fay

JF: As long as I've been doing computers, going back to the early 1980s on TRS-80, graphics, and visualization of data and the earth and space, were interests of mine. I'd gotten a department-store telescope one year for Christmas, and loved looking at stuff through the light-polluted LA skies.

JU: So you were in the same boat as Curtis Wong?

JF: Yeah, you could really only see planets and the moon in any detail. But I was passionate about computers and astronomy. Every time computers got more powerful, I'd look into visualizing the Mandelbrot set and the stars as a litmust test.

In 2001 I was development manager for HomeAdvisor, and we were assimilating a research project called TerraServer. Tom Barclay, a researcher who was working with Jim Gray, said, "Hey, USGS has this DEM -- digital elevation model -- data that they'd like me to load into TerraServer. I wonder if you have ideas about what we could do with it."

I'd been very much into 3D visualization. I have this program called LightWave, which goes back a long time but is now used for things like Serenity and BattleStar Galactica, so I started taking TerraServer images and USGS data and creating hills with texture-mapped images.

Then Tom Barclay told me how NASA was using satellite weather data, watching over many days, and getting rid of the clouds so you could see the surface of the earth. They called it the Blue Marble project. I found and downloaded that data, and also some global digital elevation data, and starting creating a hierarchical 3D view of the earth so you could zoom in and browse. Then I worked to bring that into TerraServer, because we had resolution down to a couple of meters.

But this was just a side project, and there wasn't interest in developing it, so I decided to look into visualizing other astronomy data.

JU: This was around the time in 2002 when Jim Gray and Alex Szalay published their paper entitled the World-Wide Telescope?

JF: Right. Jim talked about TerraServer "pointing up" as the next thing. He was already getting himself embedded with astronomers. I didn't see much of that. Tom was babysitting TerraServer while Jim went off into the astronomy end of things, and I was still doing geo, so we weren't collaborating.

After having made some demos, a lot of people thought it was cool, but that was all. So I kept that on the back burner, and moved into some other groups. At the same time I was building my observatory. In Seattle, you take pictures when you can. If you can't push a button and have your observatory open up and take images when you get clear skies, by the time you set up you'll be clouded in. I wanted to automate the whole process, including image processing. That introduced me to the whole pipeline of data collection, processing, and subsequent research.

Although I'm an amateur, I had to drill into the world of data and image processing that professional astronomers had to deal with. I was using the same resources.

JU: I'd like to hear more about that. A lot of us are aware that those data and image resources exist, but it's really unclear how to make use of them.

JF: You know, there is a lot available, but most amateur astronomers had no idea it existed, it was very hard to get to, and even the scientists had a hard time getting access to it. Essentially it was locked up in silos.

JU: If you know where to find the gzipped tarball, and then if you can unzip it and figure out how to use it, without any documentation about metadata and formats...

JF: Right. So, I'd heard about this very large database of stellar objects, the US Naval Observatory's USNOB. It was 100 gigabytes. At that time, there were barely consumer hard drives that could hold that. Forget transferring it over the network, it's 120 CDs, the only way to transfer the data was to ship hard drives around the country.

JU: Yeah, I remember Jim talking about doing that.

JF: I'm just an amateur, but I feel like I need the data, so I found out that this guy named Dave Monet, in Flagstaff, would let me ship him a hard drive and he'd put the data into a Linux-formatted partition and send it back.

On the one hand, I was shocked to see how easy it was for me to get access to the same data that the professional astronomers were using. And by easy, I mean it was possible.

But on the other hand, I realized you had to be really committed, and know exactly what you're doing.

JU: Right. There were no services wrapped around the data to make it useable by anybody other than a 100% focused and dedicated researcher.

JF: As I started doing more with imaging, I had the concept that I should flip my earth inside out and render the sky. One of my friends, Doug George, created a full-sky survey, in gorgeous color, but the software that went around with it would take ten or 15 seconds every time you moved your view. Nothing resembling interactive or realtime.

And here I had this application that dealt with the same quality and quantity of data instantaneously. So I say hey, I can build an engine to go with your data.

And I told him about a company, called Starry Night Pro, that was using some 3D effects but not actual image data from the sky. He wound up licensing his data to them, but the result they got was closed and self-contained.

JU: What kind of imagery was in it?

JF: What we'd now consider a low-to-medium resolution full-sky survey of the northern and southern hemisphere.

JU: When you say low-to-medium resolution, what could you see if you zoomed in on a galaxy?

JF: If you zoom into M51 in WorldWide Telescope, using the Hubble imagery, it'll be about 4000 pixels tall. And in their survey, it's about 4 pixels tall. You can barely make out that it's a spiral galaxy.

We have the entire sky at one arc-second per pixel, and for objects like M51, thousands of pixels tall. And of course every time you go twice the resolution, it's four times the data.

They wanted to fit everything on a CD-ROM. For us, we're talking about terabytes, it's not something you distribute. I thought you should install a small application, and the data comes over the network.

JU: And that's how WorldWide Telescope does it?

JF: Right. Everything except the thumbnails comes over the Net. We use the thumbnails to get the wordwheel functionality with search.

JU: The data file's about 3 megabytes?

JF: There's about 12 megabytes of thumbnails, but yes, the catalog is about 3 megabytes.

So, I had this vision for a product, but the economics were wrong to do it as commercial software in the astronomy market. Plus, they'd want to do something aimed entirely at high-end amateurs, not at professional astronomers, or at the general public who are the outreach targets for professional astronomers.

And then Curtis and I got together. I envied his position in research, being able to explore new things that hadn't been done before.

It turned out that Curtis had been exploring how to create an educational environment with rich tools for exploring space, and he'd been collaborating with Jim Gray on TerraServer, and now he was looking for the technology to make it possible.

Here I had this technology, and was looking for somebody who was enthusiastic about having a purpose for it. So it was the peanut butter and chocolate moment. Curtis passionate from the education side, me from the technology side, happening to be in the right company at the right time.

So I made a demo using with the Sloan Digital Sky data, and Jim went crazy over it. This was the visualization aspect he'd been looking for. It was the front end that makes the data consumable.

JU: Tell us about the WWT's back end, and how it relates to what Jim's team built.

JF: To get the data out of the silos, Jim was involved in the National Virtual Observatory and the International Virtual Observatory Alliance. If you know how to talk these VO standards, you can exchange data, and you can do queries against other people's data.

JU: So on the one hand, these standards enable you to combine data sets that you fully assimilate. But on the other hand, they enable federated query.

JF: Right. A lot of the astronomers were dealing with data extracted from catalogs. You took image data, and then you got the numerical analysis out of it, and stuck that in the database. The transfer of images wasn't really their domain for this round, they wanted to do the stuff you could put into SQL Server.

So while TerraServer put earth image data into SQL Server, the sky image data was lagging behind. But you could query from a source on the Internet, and then join it to some other data coming from another source. Sometimes it required the data to marshall from one machine to another for efficiency, but essentially it meant you didn't have to translate everything into your database.

JU: But I assume that federated query isn't happening in WorldWide Telescope. We're not waiting for requests to go across the network, you've combined the datasets for your purposes.

JF: There are common sets of data that you'll need all the time. It's a relatively small amount, and we download that to your client. The thumbnails, the catalog.

JU: And what's in the catalog?

JF: The Messier objects, the NGC objects, the list of solar system objects,

JU: And coordinates for them...

JF: Yes, and magnitudes, and classifications. For the 10,000 brightest stars. Probably 30,000 objects in all. We'll make that live on your machine so you can zip around in the sky, look at stuff, and say, hey, what's that?

JU: Which is what every planetarium program does, right?

JF: Yes, but that's generally where they stop. They go a bit beyond, by having a bigger download. We do it in 20 megabytes, they may have 250, or a gigabyte, but that's all you'll ever get.

In our case, when you start up and your client contacts the WorldWide Telescope, we give you metadata saying what sources are available: the Hubble collection, the Spitzer collection. The metadata tells you where to go get the imagery. Some of it we'll host in Microsoft's data center, for scale reasons, and to ensure that it's available. But this data can be anywhere: Space Telescope, JPL...

JU: So I'm looking at the list. Which of these many sources are you hosting?

JF: We're hosting a lot of the data we launched with. Partly because we don't yet have a space act agreement with NASA. Even though we've collaborated with a lot of people who are NASA-funded, they're not allowed to acknowledge that collaboration or put anything into a legal document until we have that agreement done. While there are some people we could have just pointed to as data sources, it'd be in violation of internal NASA policies. So we're hosting more than was strictly necessary for the initial release.

But the concept is that you can plug in other sources that we're not even aware of. You just load metadata references into your client, by going to a website for that community or organization, and then you have access to terabytes of their data.

JU: The standards talk about how to represent objects and their metadata. Do they also talk about how you query a source, since they're all going to be huge? What's the query protocol?

JF: At WorldWide Telescope we understand what's called VOTables. There are standard ways to create queries, and standard ways to get results.

There are two ways that can happen. One is that our servers can do the queries, consolidate and cache the results, and we regurgitate the data as needed to our clients. So we do a VO SIA (simple image access) query to Hubble occasionally. When they have new images, we download these 500 megabyte or gigabyte images, which would be a very big download for a client, and we chop them up and create a tiled multi-resolution pyramid that we store on our server. The raw consumer wouldn't have have been able to use that data, but by putting our value-add into the pipeline -- Hubble took the image, Space Telescope processed it and put it up on a web service, we do another step of processing to make it visualization-friendly -- now lots of people can see a thumbnail, click on it, it zoom in, and the instant that they click and zoom they're already seeing the image. And as they zoom in further, they see all the gorgeous detail, but they don't have to download all the data.

JU: Is this engine related to the Deep Zoom technology?

JF: We predate Deep Zoom. It has some similarities, but the difference is that Deep Zoom and Seadragon are 2D technologies that use the graphics engine for doing tiled multi-resolution images. We actually have to align all our images in 3D space because from the earth, space looks like a big sphere at almost infinite distance, but there is a curvature to it.

Imagine taking a round room, and trying to put a bunch of bathroom tiles on it, and grout it. The tiles seem to come together and have parallel lines for a while, but eventually it stops working well. Maybe you can take one line around the equator, but as you go up you have fewer tiles, and weird-shaped tiles, and nothing lines up.

That's the problem we have. We're looking at spherical data, so we had to come up with a new spherical transform that preserves the poles. In previous projects, like Virtual Earth or TerraServer or Google Earth, the poles weren't important, because nobody lives there and nobody needs map directions for driving around there.

As far as the earth is concerned, you can cut off everything above and below a certain latitude and nobody would care. But you can't treat the sky like that. And you can't treat the moon or other planets that way either.

So we had to come up with something called TOAST: tesselated octahedral adaptive subdivision transform. It creates a 360-degree wraparound view that's either a planet surface or the infinite sphere of the sky, and lets you represent it using a 3D graphics accelerator, very rapidly and efficiently. So we can have an image pyramid the way Deep Zoom does, and TerraServer before it, but we don't have to give up the poles.

That was something that didn't exist. There was Mercator projection, which is how you're used to seeing the earth mapped onto a flat piece of paper. It's hard, you have to do weird math to make it work at all. Then there's equirectangular projection. But there was nothing that could deal with storing an image in a spherical projection.

JU: So there are multiple full-sky surveys that you can switch between. So for example you can be looking at the Milky Way in the standard view, then switch over to infrared view and see it as an incandescent band.

Is it the VO standards that enable you to weave those views together in a coherent way?

JF: No, that's where TOAST comes in. What astronomers did before is that, because there was no way to visualize the full sky data, they would store all their images as a bunch of individual...

...OK, you have a sphere in the sky. You put a camera on it and take a picture. What shows up on the film is what's called a tangential projection.

Imagine taking a beach ball with all the stars plotted on it, and putting a light in the middle, and putting the beach ball up against a wall touching at one point. The stars will shine out and hit that wall. All of these beams are projecting from the middle, to where they lie on the sphere's surface, to where they hit on the wall. It's a way of taking something round and making it flat.

As long as you're looking at a very small part of the sky, there isn't very much distortion. But when you start looking at a large part of the sky the distortion becomes huge.

What astronomers did was put these tangential projections into databases, and they even knew how to mosaic them to make bigger chunks. But when it came to anything larger, it broke down. If they made really big mosaics, they had to use projections that couldn't represent the poles, and everything would get more distorted the farther it got from the equator.

So now we have services like NASA SkyView. NASA has over 50 full-sky surveys sitting on servers, and while they participate in the Virtual Observatory, the images themselves are using a private well-dcumented standard. So we gave them code for TOAST.

It used to be that when people made a request for a wide area of the sky, they would return multiple images joined into a mosaic. But now we said, we could ask for just a single tile, at a given level of resolution -- one tile that was the whole sky, or one tile that was a tiny piece of the sky -- but everything was laid out in a very specific grid for our projection.

While their software couldn't do it very quickly, it allowed us to go through and get all the tiles from their servers, for all these different studies, and put them up on our high-capacity servers.

So there's an automated path to get from a bunch of individual pictures of the sky to this full-sky mosaic that can be seen seamlessly.

JU: So where's the TOAST transform being applied?

JF: Right now it's being applied, for that data, on their servers.

JU: So you gave them the algorithm, and they're running it for you?

JF: That's correct. And eventually they'll be able to host the data when they have the capacity, so you could point a WorldWide Telescope client there. And even today theoretically you could do it.

JU: They keep the sources as they acquired them, but make the output of this transform available to queries?

JF: They generate the transform on the fly for each query. If they added a cache and then kept it warm, it would be acceptable for interactive use.

JU: When you look at the source list in WorldWide Telescope, those are the surveys you're talking about?

JF: Yeah, ROSAT and WMAP and things like that. Those are the full-sky surveys. So for the first time ever, we've assembled a view of the sky where you can look at everything from radio wave all the way to gamma. All the way from the longest-wavelength lowest-energy part of electromagnetic spectrum to super-high-energetic particles.

JU: It's completely amazing, and it's wild to be able to cross-fade between them and compare the differences.

JF: We put together a standard for how you can visualize a spherical data set, we've given people the ability to create this data, and we've provided a client that knows how to accept this astronomy data -- both the spherical data and the original tangential images.

So when you have a study from Hubble, they can use the original tangential images the way they came off the camera, and in WorldWide Telescope we figure out the math and do the 3D transforms so that when we align that to the TOAST background from another full-sky survey, all the stars are exactly where they should be and everything lines up.

And because we have the universal coordinate system -- right ascension and declination -- we can put things in the right place in the sky. When you cross-fade you may be looking at apples and oranges, but you're looking at them on the same tree.

JU: Is this going to be a public standard? Can other clients use your services, or other services that support it?

JF: We've offered the algorithms and code to other organizations, like JPL, and we've even told Google that if they're interested in reworking their all-sky surveys to work with this format, we'd help. But they've got such critical mass around their current projections that they don't think they can take that on anytime soon.

JU: There's been some pushback, as you know, about WorldWide Telescope being a Windows-only product. But the project is much broader.

JF: Yes. And part of it is that all the data we support in WorldWide Telescope, and the WTML language we use...

...when people ask me how WorldWide Telescope differs from an astronomy program like Starry Night, I say that it's like a browser, like Internet Explorer or Safari or Firefox, but it's a browser of data in formats that are astronomy-friendly, like VOTables and WTML.

JU: Now WTML isn't the XML syntax you see when you save a tour and look into the file?

JF: Right. That, we're not even documenting. That's the tour XML format. But if you look in your user folder, or add objects to your collections and look in your documents folder, you'll see WTML there. It describes objects, hierarchies, network links, images.

A tour in WTML is metadata that says, this is the tour, what categories it's related to, what objects it visits.

We can also have things that say, there's an article in Sky and Telescope about M51, and it has that object's location in the sky. When you join the Sky and Telescope community in WWT, and you're browsing around and you find M51, you can look down in the context search and see the article, and open it up.

JU: That'll depend on which communities I belong to?

JF: Yes. We always show you the WorldWide Telescope stuff. Then when you log in we show you the union of that and stuff for the community you're currently looking at.

JU: OK, very helpful. Now let's go back to your discussion of projection, and see how it relates to my experience last night. I found the Milky Way, and I wanted to pan west, but it seemed like things wanted to spin around.

JF: There's two ways to look at the sky. First, looking at the full spherical view as if the earth didn't exist. You're earth-centered, but the horizon isn't blocking your view. North is up, south is down, and unless you specifically spin your view, when you move, north will always stay north.

JU: That's the view without the horizon.

JF: Right. With the horizon, the zenith always stays looking up, and as you move around, if you're looking at the zenith, it will always stay at the top. It can never go below the midpoint of the screen.

On a space station where there is no up or down, you'd think you could design anything and people could just float around in 3D space, there'd be no preferred direction. But the reality is that humans get extremely confused. Your brain has a natural desire to have an up and down and left and right, and when you invert those, you don't process things.

So if you were in the View From Here mode, the zenith always stays up. If you're in the other mode, looking at full universe, and you went to the north pole and tried to move beyond, you'd only be able to spin. You would not be able to pull the north pole beyond the middle of your screen, because that's your viewpoint. So then south would start becoming up, and left would be right, and you'd be spinning in the hamster ball.

JU: So if I want to look at the Milky Way, and then swing left to locate the Pleiades..

JF: To simulate looking at the sky, go to View and select the location where you are, and say View From Here. Then it will show you a horizon, and north/south/east/west, and north is straight up. Then it will simulate your eyes. If you're standing up and you look at the horizon, then you look up and up, what happens? When you're looking up, your head is tilted all the way back, touching your back, and you can't tilt any more. To see any further back you'd have to fall over.

So then what do you do? You rotate yourself and look south. That's how your head works, and that's how a telescope with an alt-az [altitude/azimuth] mount works.

We're trying to put on constraints so people don't get lost and upside down and backwards. But unfortunately it's hard to explain what happens when you get to the poles.

JU: Do you provide an unconstrained view?

JF: We do not. We cannot simulate an unconstrained view. The only thing we do allow is that, once you're viewing something, you can rotate the camera's view by hitting Control and then dragging left and right.

JU: Ah.

JF: It's possible that's what was happening to you. We have a Reset Camera if you want to go back to neutral.

The reason for this feature is that when you're making a tour, you might need to orient your view. M51 goes up and down but your screen goes left and right. If you want to zoom in and frame it, you need to rotate your camera like you would a real camera.

JU: OK, that may have been the confusion.

JF: When you get in that mode, we try to make north-south-east-west make sense based on that, but it will do strange things at the poles. We still try to keep north, minus your rotation, up. But that mode is a little strange. We give that feature so people making tours can frame things better, but it's not something we try to document or recommend that people use for normal browsing.

So, if you care about your position on earth, use View From Here. If you want to ignore your position on earth, use the default mode. Then we don't care where you are, we're going to show you the whole sky, and date and location are ignored, it's just the sky, immutable and unmoving. Well, the planets move around on it.

JU: We'll never get to the bottom of all this, but I think you've given us a good sense of what I was really looking for, which was: What's actually been accomplished here? In terms of taking this raw astronomy data and correlating it in a way that's not just consumable in terms of quantities of data transmitted over the network, but in terms of making sense of objects and relationships.

JF: The vision of getting everybody access to all this astronomy data required systematic changes at every single level. We built on some things that Jim pioneered with NVO, and worked from there, but it was very systematic. How people process the data. The client to access the data. The protocols over the wire. Educating people, providing the context for it.

We put a lot of things together, but we also created a systematic model for how to do everything end to end, top to bottom, left to right. Now there may be other people who use the pieces that we've created, and then change them to use different data sources, different visualizations. Say someone creates a Mac client, or an iPhone client, that's possible. Or a mobile phone version of it, or a web-based version. Over time we or others can replace various components, but as a reference model for solving all the problems in order to get the data into people's homes and into their eyeballs -- you had to solve for all of those problems, otherwise people are still blocked from being able to really explore.

JU: Will this end-to-end pipeline be documented?

JF: Things like TOAST, and WTML, and our communities interface will be documented. There will be documentation, tools, and code coming out over the summer to help people understand more. As for some of the protocols, we'll need to do some work to make sure they're ready for us to recommend as standards.

JU: Excellent. Well, thanks Jonathan!

JF: OK, thank you.

.


Real Girls Media Receives $6 Million...

October 10, 2008
posted by admin

Real Girls Media Network, Inc. (RGM), an online publishing company, has announced that it closed its Series A funding with 3i and WaldenVC


Wood-fuelled energy plant planned

October 09, 2008
posted by admin

A £24m biomass energy plant is to be built on the Cromarty Firth - with £5.5m HIE funding


Nigeria: Brazen Display of Stolen Money

October 08, 2008
posted by admin

… funding of the many governors who are today campaigning to become president


The Deal

October 07, 2008
posted by admin

… funding for obvious political reasons and they have no power whatsoever to order the military to do anything. For a hundred vital reasons stopping the war requires the Executive, Bush


Bryant Speaks at FDIC Forum on...

October 06, 2008
posted by admin

Jbdsc_0118The Future of Responsible Sub-prime Lending and Financial Literacy
Remarks given by John Hope Bryant
Before the FDIC Forum on Mortgage Lending for Low and Moderate-Income Households
Tuesday, July 8, 2008
FDIC Seidman Center
Arlington, Virginia


I am honored to be here today with the likes of U.S. Treasury Secretary Hank Paulson, Federal Reserve Chairman Ben Bernanke, FDIC Chairwoman Sheila Bair, Comptroller of the Currency John C. Dugan, JP Morgan Chase chairman and CEO Jamie Dimon, and a host of others, gathered around the future of responsible mortgage lending to and for low to moderate income households.

Let me start by saying there is nothing wrong with responsible sub-prime lending. Responsible sub-prime lending has done more to lift the poor out of poverty than almost anything over the past 50 years. 

The problem has been predatory sub-prime lending, irresponsible sub-prime lending, fraud-based and investment-speculator-based sub-prime lending, and massive levels of borrower financial illiteracy.

I am here as both the chairman of Operation HOPE, and the vice chairman of the U.S. President's Council on Financial Literacy, as well as chairman of the Council Committee on the Under-Served.  Operation HOPE, founded following the worst civil unrest in U.S. history, is today the only national urban delivery system for financial literacy in the nation, operational in more than 60 low-wealth communities nationwide, having educated more than 300,000 low-wealth youth in financial literacy, dignity and what we call “silver rights” (making free enterprise and capitalism work for the poor), with the help of 6,000 HOPE Corps volunteers from the banking and financial industry, and more than 1,200 low-wealth schools nationwide. Recognizing that many of the communities I serve are significantly under-served, HOPE became the first non-profit in history to build a bank branch, and to sell it to a bank.

As will soon be announced, our HOPE Banking Center based credit and financial counseling services have resulted in an average increase in credit scores for our clients from 580 to 650, or more than 70 points. That is significant.

This mortgage sub-prime crisis is personal to me.  Our family lost our home, and my brother, sister and I never realized the benefit of assets and net worth (grown and) shared from generation to generation. Personally, this lack of both assets ownership, and financial literacy knowledge, materialized itself in my literally becoming homeless for six months of my life at age 18. For my community, not even addressing the ravages of irresponsible mortgage subprime lending, today check cashers, payday loan lenders and other forms of mostly predatory credit providers have resulted in a more than $8 billion a year industry, or close to the annual M & A (mergers and acquisition) fee income on Wall Street. In the words of former U.S. President Bill Clinton, “there are more check cashers and payday loan lenders in America’s inner-cities today, than there are McDonalds restaurants and Starbucks coffee house locations worldwide.” Today my proud father lives in a new 4-unit building, built by my wife and I, and sitting on the same street of the home we lost.

My dad, an integrity rich man who built and ran a business for more than 53 years, and in the process helping to raise me to be the person I am today, was neither dumb nor stupid. “It was what he didn't know that he didn't know” that was harming him.

Simply put, no one taught my dad the language of money, financial literacy, or what we at Operation HOPE call “silver rights,” the basic rules of free enterprise and capitalism, and how to make them work for him. Like anyone else, had my father known better, he would have done better.

In the hurried and seemingly one-sided subprime mortgage lending process experienced by my family in South Central Los Angeles, there was no financial literacy scorecard or questionnaire calling forth “common sense” questions at the start of the process, as well as the potential answers those obvious initial questions begged forth, in turn. There were no simplified disclosure of terms and conditions, in plain English, for my dad. A Ph.D could not understand the papers he was signing. Or even if he had questions, there was not an opportunity for a meaningful break in the process, nor a meaningful resource to turn to, of any kind, for my dad. It was for all intent and purposes, a one-sided, if not wholly predatory transaction. The mortgage broker held all the cards, and seemed to have all the answers too, and my dad and our family held and had little to none, of either. My dad was alone and on his own, as he undertook possibly the most significant single financia l transaction (for family wealth creation) of his lifetime.

It is striking that in the largest economy in the world, no one is teaching our children, yet alone our adults, financial literacy and the language of money. This must change.

Let me also say that this is not an issue of the poor.

This current crisis is principally a crisis of the middle class, not the poor.  Individuals who asked “what's the payment,” and not “what's the interest rate.”  Individuals who purchased a home, like many of us purchase automobiles, and you shouldn't purchase an automobile that way. 

If you purchase an iPod, and place it on a credit card and make minimum payments over time, it will cost you $4,000.00. Now, apply this analogy to a six-figure home purchase and you have an economic tsunami on your hands.

Let me thank my friend and colleague FDIC Chair Sheila Bair, in calling for this important and forward-looking forum on (the future of) low and moderate income mortgage lending.  This is a vitally important meeting, at a vitally important time in our nation's history. The still-unfolding magnitude of and fallout from this mortgage sub-prime crisis, has not been seen in my or my father's lifetime.

I see this crisis in three primary buckets; (1) make sure it never happens again, (2) make sure that individuals have reasonable continued access to credit, post crisis, and (3) make sure that folks in the economic soup (of foreclosure) get as much help as can be reasonably provided (without rewarding investors, speculators and providers of capital).

The U.S. President's Advisory Council on Financial Literacy was created by Executive Order by U.S. President George W. Bush, on January 22nd, 2008, in the midst of this mortgage sub-prime crisis, and the President's very words on that day articulated his own desire for this group, saying, “one of the issues that many of our folks are facing now are these sub-prime mortgages. I just wonder how many people, when they bought a sub-prime mortgage, knew what they were getting into.  The low interest rates sounded very attractive, and all of a sudden, that contract kicks in and people are paying high interest rates. One of the missions (of the Council) is to make sure that when somebody gets a financial instrument they know what they're getting into, they know what they're buying, they understand.”

I certainly saw that we, the Council, could and should do all that we could to ensure this sort of crisis never happens again (with respect to future generations), and that going forward, reasonable access to credit and the financial markets should continue for those qualified but under-served and/or low-wealth in our great nation.

Operation HOPE's Mortgage HOPE Crisis Hotline is doing its part in California, and HOPE Now and others are doing their part nationwide. Operation HOPE's crisis hotline received more than 25,000 calls in the first 60 days, in Los Angeles alone.  To the extent that there has been a Washington, (D.C.) response to the current economic crisis, including the innovative proposal by Chairwoman Sheila Bair, it has understandably been with respect to stemming the pain of those in foreclosure.

This said, I remain very concerned that lending to the poor, the working class, and even America's middle class, will effectively “dry-up” post mortgage sub-prime crisis.  Some would say that credit access has already dried up in the non-government market.

I first communicated my concern to the chairwoman on a Saturday morning in March; a concern that unless you had a credit score of 800 and 25% down payment, you were not going to be able to obtain a loan from a mainstream lender.  I offered that, in my view, this would not be good for America. 

I didn't expect her to respond immediately.  Privately, while I hold Chairwoman Bair in very high regard, I didn't expect her to even share my depth of concern, nor my passion for the issue.  It was I, after all, who grew up in an inner-city community; who saw the ravages of communities and individuals, whose only sin was that they were hard working yet financially illiterate, and forced by circumstances of life to make sometimes major financial decisions, daily, yet without the knowledge and tools to do so.

This was my problem I thought.  Chairwoman Bair's response to me was instantaneous. 

I had barely finished my message to her, and there was her response – this was indeed a problem, but not just a problem of the poor (Operation HOPE's mandated target audience), it was a problem for the country, and she wanted the FDIC to be a part of the solution. What I didn't know was that Chairwoman Bair was in fact, ahead of me.

Chairwoman Bair shared with me her vision for this “forum on the future of LMI lending,” and likewise she vowed to work with me in my new role, both as vice chairman of the U.S. President's Advisory Council on Financial Literacy as well as the Council's chairman of its Committee on the Under-Served.

On May 28th, 2008, as my Committee gathered together experts from a range of disciplines, from banking, to mortgage lending, to state and federal regulatory agencies, to community leaders, and leaders from Wall Street and the secondary market, many individuals in this room today, on “the future of responsible sub-prime mortgage lending” in the Cash Room at the U.S. Department of the Treasury, the FDIC was with us. Led by Robert Mooney, director of consumer affairs for the FDIC, the four substantive half-day Committee work sessions, encompassing products, disclosures, intermediaries and of course financial literacy, were even moderated by FDIC personnel. 

My participation in today's FDIC Forum on (the future of) LMI Mortgage Lending represents an important benchmark in my commitment both to Chair Bair and the under-served communities we serve.

Joining the likes of Treasury Under-Secretary Steel, Comptroller of the Currency John Dugan, Deputy Comptroller Barry Wides, SEC Commissioner Paul Atkins, and representatives from all of the federal regulatory agencies, as well as the New York Banking superintendent and Washington, D.C. Banking Commissioner, here today, were banks including Wells Fargo, Bank of America, Washington Mutual, Bank of the West, Goldman Sachs, the Financial Services Roundtable, and many others.  60 leading experts, to be exact.

I know that James Lockhart is here today, director of the Office of Federal Housing Enterprise Oversight, which regulates Fannie Mae and Freddie Mac, and who was an active participant in our Committee discussions on May 28th.

The goals of the meeting were to:

1.     identify and differentiate between responsible and irresponsible sub-prime mortgage lending;

2.     outline the principles that should govern future development of sub-prime mortgage products; and

3.     identify what financial literacy initiatives would be needed to address the massive level of financial illiteracy that has been a key contributor to the recent crisis. 

After a half day session at Treasury on May 28th with 60 leaders, and a 4-hour follow up meeting with lead participants from May 28th, the Committee was able to finalize and issue a report, entitled “the future of responsible mortgage sub-prime lending,” and the Committee-approved version is available on the Treasury website here .

Here is a summary of some of our key recommendations from the report:

  • A fixed rate, fully amortizing mortgage with a term of up to 40 years.
  • Minimum one month PITI (principal, interest, tax, insurance) in required borrower cash reserves at closing (borrower's own funds). 
  • Standard verification of income and assets. 
  • Minimum down payment required by borrower. 
  • A Life Event Clause. For borrowers with good payment performance, under certain circumstances borrowers would be allowed to skip a payment (or payments) for certain specified “life event” reasons, with the amount of missed payments added to loan principal. One approach would be to provide one “payment holiday” for every specified period of months with good payment history.  So, after 10 years of consistent and timely payments, a borrower could request as much as a 6 month “life event” payment deferral, with principal and interest here moved to the rear of the loan. Everyone wins.
  • Determination of the borrower's ability to repay. Appropriate underwriting parameters are critical for borrowers with an established, but blemished, credit history. The risk factors should be carefully balanced and include the borrower's credit score, debt payment capacity (debt-to-income ratios), post-close liquidity, etc.   
  • Non-traditional credit history. Borrowers with thin credit files and/or non-traditional credit history should be underwritten in a manner that takes into account a borrower's non-traditional payment history profile – that is, their fixed or regular payment obligations that are not reported to the credit bureaus (e.g. rent or utilities, as well as other periodic payment obligations, e.g. alimony, child support, or remittances). 
  • A simplified disclosure of terms delivered to borrower early in the process.  Possibly, a one to, maximum, four page, easy to understand form at the loan shopping stage, with the most pertinent information summarized on page one.   
  • No prepayment penalty.
  • Pre- and post-purchase counseling options to be made available, but are not required for this loan product.
  • Ongoing best practices to maintain payment discipline.   The ongoing best practices should include, for example, providing periodic free credit reports to help manage credit, with access to credit education specialists that can answer questions about the reports.  In addition, education should be provided about banking products that can make money management routine and effective for the borrower.
  • A Financial Literacy Scorecard review would be required for this loan product; helping to ensure that borrowers understand the basic terms of the transaction, including a clear differentiation of and between “payment” vs. “interest rate.”  Borrowers who are not clear at that point would be encouraged to stop the process, and to call a designated 1-800 number.
  • No negative amortization or pay option features allowed.      

And while I will not get into details around what crafters referred to as “Product B,” also outlined in the Committee report, let me provide a clarification here:

  • Product B is a variable rate product with 1) affordable rate and payment caps;
  • 2) does not limit rate and payment discounts for borrowers;
  • 3) with underwriting based on one's ability to repay the “fully indexed” rate and amortizing payments.

We will clarify this more formally in a future report revision.

Other good ideas included:

  • The overarching goal is to move consumers from sub-prime borrowing to become a prime borrower. Every participant in the mortgage process should be held accountable in making this happen. By establishing compensation based on the demonstrated performance in making loan payments, the originators or brokers and servicing representatives would be encouraged to follow best practices.                
  • Therefore, we recommend that these incentives should be implemented: 1) withholding a portion of originator sales commission until payment performance has occurred, 2) reduction in GSE guarantee fees for loans where the borrower has received certified financial education, 3) reduction in fees/rate for borrowers who have received certified financial education, and 4) GSE/investor compensation to servicers for financial education and servicer prompting of borrowers to make payments to help establish good payment practices.
  • Financial education should be done face-to-face, over the telephone, and financial education resources and contacts should be listed and provided at all points of the mortgage process and in all mortgage materials.

Finally and in conclusion, I am proud to announce today that today the following endorsements and statements of support for the Committee's work have been released publicly:

  • This morning, Wells Fargo issued a full endorsement of the Committee-approved report, stating “we support the Council on Financial Literacy and the Committee's recommendations noted in “the future of responsible sub-prime lending.”  Their statement continued, “we agree with the Council that financial literacy should serve as a foundation to all responsible sub-prime lending and understand the Council is continuing its discussions. We look forward to their final determination.”   
  • Cara Heiden, co-president of Wells Fargo Mortgage deserves special leadership credit. As far back as 2003 she risked her career by stopping practices she thought inappropriate but which unreasonably benefited the broker community. She went on to require her bank to send a letter to every approved sub-prime borrower who qualified for better rates and terms, copying their broker, offering them a prime loan instead.  Oddly enough, I recently received a call from their home equity division, noting my good payment record but offering me assistance around restructuring “during these times,” should I need it.  I didn't need it, but I sure appreciated the offer.                
    • Banco Popular today endorsed the Committee-approved report, and we have heard from its CEO here today. Honored to be associated.      
  • The Housing Policy Council of the Financial Services Roundtable issued a statement of support, saying “HPC supports the mission of the Committee which is to ensure that responsible sub-prime lending continues in the future.” HPC continued “we applaud the efforts of the Committee to reinvigorate the sub-prime market through responsible lending practices and improved financial education for consumers.”         
  • John Reich, director of the Office of Thrift Supervision, issued a statement of support, saying “the OTS strongly supports initiatives and policies that foster financial literacy, informed consumers and high standards of business conduct throughout the financial services industry. Consistent with these objectives, I strongly support the efforts of the President's Advisory Council on Financial Literacy and the Committee on the Under-Served to develop a range of practices and policy recommendations for responsible sub-prime lending.  The OTS is committed to lending our support to this important work. Senior members of my staff have participated in discussions, including the May 28th meeting of the Committee on the Under-Served. We remain available for additional discussions and assistance as needed.”

And while these are surely very encouraging developments with respect to the now public Committee-approved report, and fairly early on in the process, and we encourage others to take whatever good ideas they find might be useful to them “in the market,” Council Chairman Schwab and I are already looking at what I refer to as  “phase II,” of the process.

The next step, which is now underway, involves the full Council review and consideration of a broader, related series of “guiding principles” (policy recommendations) around “the future of responsible mortgage sub-prime lending,” which build off of the Committee report. 

This final series of “guiding principles” will be brought before the full Council in the very near future.

Thank you.


EU Scheme Cuts Uganda Sugar Funding...

October 05, 2008
posted by admin

KAMPALA - A European Union-funded grants scheme has cut funding to a Ugandan sugar company because it plans to destroy 7,000 hectares of scarce natural forest to expand its sugar


DNAPrint Genomics, Inc.: DNAPrint...

October 04, 2008
posted by admin

… funding to assist in the investigative and analysis process


Positive Thinking Day 08

October 03, 2008
posted by admin

Positive Thinking Day (PTD) 08 is 57 days away!  Head over to the Positive Thinking Day Headquarters to learn more.  We are planning for a bigger and better event this year!  The 3 main purposes of PTD are to make the world more positive, find the most positive person, and to raise money for the Christopher and Dana Reeve Foundation (CDRF).  We hope that you will join us to change the world... one thought at a time!

COME CELEBRATE WITH US AND HELP US RAISE MONEY TO CURE SPINAL CORD INJURY:

Positive Thinking Day - September 13th - is a day to celebrate the benefits of positive thinking.  We believe that by helping people change their thoughts we can make a lasting and positive difference in this world.  We hope you will join us in this effort (see list below for ways to participate).

We are also raising money for theChristopher and Dana Reeve Foundation (CDRF) as part of the celebrations.  According to Positive Thinking Day organizer, Dr. Harrell, “Christopher Reeve represented the best of positive thinking. It is because of his unwaivering positive attitude that we are proud to be raising money to benefit this foundation.”

30% of the ipopin.com proceeds from Positive Thinking Day events will go to CDRF. The Foundation is dedicated to curing spinal cord injury by funding innovative research, and improving the quality of life for people living with paralysis through grants, information and advocacy.

WAYS TO GET INVOLVED WITH POSITIVE THINKING DAY:

**Affirmation - You can help us change the world by focusing on the following affirmation on Positive Thinking Day - I choose to create a great day! (Click here to download this ipopin one minute affirmation for free!)

**Raise $ - When you make a purchase at www.ipopin.com between September 6-13, 2008, 30% your purchase price will be donated to CDRF!  That's right, ipopin.com will donate 30% of proceeds to the Christopher Reeve Foundation!

**Pariticipate - Share a tip for staying positive by emailing me between now and 9/1/08 and you will be entered in a drawing to win 3 ipopin CD's.  Your tip may be selected to appear in a post on this site.

**Spread the word -Help us spread the word by adding the PTD logo link on your website or blog AND mention PTD in a post between Sept 1-6, 2008.  Email me once you do so that I can add a link to you in our PTD Supporter section.  You will be entered in a drawing to win 3 ipopin CD's.

**Nominate -You can nominate someone for our Most Positive Person Contest.

Let the fun begin!


After Ercolini, the next parks in the...

October 02, 2008
posted by admin

Video thumbnail. Click to play.
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As we got ready to add that video clip from yesterday’s Ercolini Park dedication to the original report we posted shortly after the event (that report is here), we realized it’s worth a breakout to call attention to the other new parks now in queue for West Seattle, all in various stages of development:


View Larger Map

Two are right in the heart of business districts, the as-yet-not-officially-named Morgan Junction park on the former Fauntleroy Auto Repair (and, briefly, monorail-station-earmarked) site north of the new Beveridge Place Pub, and Junction Plaza Park, at the northwest corner of Alaska/42nd. The Morgan Junction project just got $90K in additional city funding to make the preferred design happen (funding coverage here; design coverage here) - here’s the most recent rendering shown to the community:

morganparkschematic.jpg

Junction Plaza Park needs more $ for full development (next steps on that are being planned now) but in the meantime is getting some irrigation and grass seeding (recent WSB coverage here) - we took this photo while a Parks crew was working there earlier this month:

junctionpark2.jpg

There’s also Dakota Place Park, proceeding somewhat slowly at the old substation site at California/Dakota (haven’t gotten a progress report on that lately), and the Myrtle Reservoir park, to be built next year at the 35th/Myrtle site where the city has just undergrounded a reservoir; our recent Myrtle updates are here and here, and this is the latest design (click it to see a larger version):

myrtleforsmallimage.jpg

There are other park-related projects in the works around West Seattle - new playgrounds, playfield upgrades, etc. - but those are the four brand-new parks next to be added, after Ercolini. It’s worth nothing that all four of these parks are being created with money from the citywide Pro Parks Levy that is expiring this fall (you can explore the background on each site, and other area Pro Parks projects, through this city webpage); the City Council is close to deciding whether to recommend a new parks levy be placed on the ballot - we detailed here some of what it would include for West Seattle (we are currently checking the latest version to see if any significant changes were made to the final proposal). The city council’s Committee of the Whole considers it tomorrow; then the Parks Committee has one more public hearing on the proposal this Wednesday, 5:30 pm, City Council Chambers. (All city info on the proposed levy can be found here.)


Google Closes The YouTube Deal

October 01, 2008
posted by admin

… funding to YouTube when the deal was announced a month ago. At today’s price, of $482.88 a share, the 3 million+ shares are worth $1,553,695,372.8. The warrant tacks on an


Ross Levinsohn Leaves Fox Interactive

September 30, 2008
posted by admin

… funding) for whatever his plans might be. We are also hearing from fairly reliable sources that Levinsohn plans to raise this money and buy-and-aggregate an online media property of high


FAP838: Student loans and bank failures

September 29, 2008
posted by admin

Logo of the United States Federal Deposit Insu...Image via Wikipedia

FAP838: Student loans and bank failures

Listen now:

Student Financial Aid News
+ IndyMac Bank failed over the weekend, taken over by the FDIC.
+ NASFAA: “After rushing to enact a law that makes it easier for students to obtain more federal student loans, Congressional leaders and lobbyists for for-profit colleges may now be close to a deal to help those colleges avoid an unintended result of that new law,” The Chronicle of Higher Education reports. “The parties are seeking a measure to keep the colleges from running afoul of the requirement that at least 10 percent of their revenue comes from nonfederal sources. The colleges have been concerned about the requirement, known as the 90-10 rule, ever since Congress this past spring raised the limits on the amounts students may borrow under federal loan programs. One option under discussion would allow the colleges to temporarily treat the $2,000 of newly allowed loan funds as part of their 10 percent.”
+ Bloomberg via NASFAA: “Five months after the collapse of the $330 billion auction-rate securities market, bonds backed by student loans show no signs of recovering,” Bloomberg News reports. “The $85 billion of auction-rate securities sold by state agencies and private lenders to finance student loans are emerging as the most toxic type since Wall Street dealers abandoned the auction-rate market in February amid worries about the financial health of the bond insurers who guaranteed the debt. The collapse of the auction-rate market compounded the financial problems for lenders after Congress last year cut the subsidies it makes to those who sell bonds backed by federally guaranteed loans.”
+ U Ohio: Ohio Governor Ted Strickland today signed an executive order establishing The Ohio GI Promise, which changes Ohio’s residence requirements to allow all veterans of the U.S. Armed Services, their spouses, and dependents who choose to attend Ohio colleges and universities to do so at in-state tuition rates.

Scholarship Update
+ Brickfish Off Road Nation Scholarship
+ Share a photo or video of your off road excursions and be eligible for a $500 scholarship. Deadline is September 04, 2008. No purchase necessary. Open to anyone who is a resident of the 50 United States, the District of Columbia or Canada (excluding Quebec), and is 13 or older at the time of entry.
+ Details at our free college scholarship search site

Financial Aid 101
+ What happens to your student loans when a bank fails
+ I’m reasonably certain IndyMac isn’t the last
+ Your loan is sold to the new bank operator
+ Servicing typically doesn’t change all that much
+ Make sure you stay in contact with the bank as it makes the transition
+ If the bank loses contact with you, they may just classify your debt as delinquent or in default, and that is a mess to clean up
+ Remember to pull your credit report from time to time

Did you enjoy today’s show? If so, please consider subscribing for free to get it delivered to you. Subscribing for free means you don’t have to remember to download it every day.
+ Click here to subscribe by email
+ Subscribe in iTunes
+ Click here to add the Financial Aid Podcast to Google Reader or your Google Homepage

Direct MP3 file download: Click here to download the MP3

Reminders
+
+ Financial Aid Podcast Show Notes at FinancialAidPodcast.com.
+ Free scholarship search secrets eBook at StudentScholarshipSearch.com/ebook
+ Open an FDIC-insured savings account today!
+ Private student loans available at any time - visit AlternativeStudentLoan.com
+ Student credit card information at StudentPlatinum.com
+ FAFSA form tutorials and free help at FAFSAonline.com
+ Financial Aid discussion forums
+ Get FAFSA news at the FAFSA blog
+ Stafford federal student loans at StaffordLoan.com
+ The Financial Aid Podcast is a publication of the Student Loan Network.

I want to hear from you! Email me at financialaidpodcast {at} gmail {dot} com, visit http://www.FinancialAidPodcast.com, or call 206-350-1208.

Visit FinancialAidPodcast.com for more!

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  • IndyMac seized by regulators, marking second largest bank failure in U.S. history.
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  • Honey, Are We F-D-I-whatever Insured?
  • Analysts Say More Banks Will Fail
  • IndyMac Failure - 2nd Largest In History
  • IndyMac: Your money is safe - FDIC
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Group Claims Head Start Programs...

September 28, 2008
posted by admin

Early childhood education programs can lower crime rates. That's the message from a group that's calling on Congress to increase funding for Head Start


The National Urban and Community...

September 27, 2008
posted by admin

Seeks Input from Every U.S. State to Secretary of Agriculture

RIO GRANDE, P.R., July 15 (SEND2PRESS NEWSWIRE) -- The National Urban & Community Forestry Advisory Council (NUCFAC) hosted a groundbreaking public forum in Puerto Rico on June 18, 2008 at the Gran Melia Hotel. "We gathered more than 40 experts and citizens from Guam, Hawaii, Puerto Rico and other tropical islands to share ideas, best practices and research to help us advise the Secretary of Agriculture on urgent issues facing tropical urban forests," said Joe Wilson, NUCFAC Council Chair.

"Despite the efforts of more than 20 state, federal, and private agencies, unwanted alien pests are entering Hawaii at an alarming rate - about 2 million times more rapid than the natural rate. In 1993, the federal Office of Technology Assessment declared Hawaii's alien pest species problem the worst in the nation," said to Teresa Trueman-Madriaga, Kaulunani Urban & Community Forestry Program Coordinator.

Protecting the Value of Tropical Urban Forests
With fifty-three percent of the U.S. population living in coastal areas, this land mass represents 17% of the total U.S. land mass and is vital to our country economically and for environmental sustainability.

"Our climate and lush green infrastructure requires the type of collective research and best management practices that comes from this type of collaborative exchange to insure we preserve our tropical urban forests," said Magaly Figueroa, U.S. Forest Service International Institute of Tropical Forestry.

This collaborative public forum set the stage for a cross-section of leaders to share issues impacting coastal areas, island ecosystems, effective public policy reform, and potentially increased funding ideas that address the complex issues impacting tropical forestry.

The Forum featured seven roundtable discussions on topics specifically impacting tropical forestry:
1. Invasive Species - Prevention & Control
2. Coastal Readiness & Shoreline Protection
3. Climate Change & Ecosystem Impacts
4. Ecco Tourism & Tropical Forests
5. Nurseries Standards & Production
6. Cultural practice, Assessment of Tropical Urban & Community Forestry Program
7. Accessing Research and Technology Transfer

This is a call to action and public input will continue to be recorded until September 1, 2008 as part of NUCFAC's 2008 recommendations to the Secretary of Agriculture.

About NUCFAC
NUCFAC was created by Congress through the 1990 Farm Bill as an advisory council to the Secretary of Agriculture. The enabling legislation requires NUCFAC to develop a national urban and community forestry action plan, make recommendations regarding a challenge cost share program, produce annual reports, and make recommendations to the Secretary of Agriculture regarding urban and community forestry.

For more information on the public forum or how to give input, visit the NUCFAC website at www.treelink.org/nucfac or contact:
Joe Wilson, NUCFAC Chair
E-Mail: joewilson@greeningmilwaukee.org.

All trademarks acknowledged.

Copyright © 2008 Send2Press® Newswire, a unit of Neotrope®
TAGS: Send2Press Newswire, Urban and Community Forestry, Institute of Tropical Forestry


Missouri Hospitals Continue To Lobby...

September 26, 2008
posted by admin

… funding after voters rejected a ballot measure that would have generated about $289 million for hospitals that provide care to low-income residents, the St. Louis Post-Dispatch reports (Feldstein, St. Louis