Uk Breaks Ground On $65 Million Expansion Of Business College (video)

UK breaks ground on $65 million expansion of business college

The project is part of UKs overall capital improvement plan , which was approved earlier this year by the Kentucky General Assembly and signed by Kentucky Gov. Steve Beshear. No state tax dollars will be used in any of the UK construction projects, which also include a new science building and improvements to UKs football facilities and Commonwealth Stadium. The Gatton College expansion and renovation calls for an increase in space for educational programs, as well as technology enhancements to classrooms and laboratories. Beshear joined UK president Eli Capilouto and Gatton College Dean David Blackwell at todays groundbreaking, according to a news release. The project is slated for completion by spring 2016. Highlights include: Expanding the footprint of the college by 40 percent to 210,000 square feet; Adding a 500-seat auditorium designed for special events and large lectures; Creating 20 new classrooms and 40 collaborative study or breakout rooms; Building a special events hall with audio-visual components to accommodate dinners and lectures seating between 75 and 200 people. John R. Karman III covers these beats: Economic development and government, commercial real estate, transportation, utilities, sports business, lottery, tourism/conventions, higher education, nonprofits, Jeffersontown, Downtown, Central Area. Industries:

RPT-Fitch: Help-to-Buy Positive for UK RMBS, Risks Need Monitoring

But a number of provisions in the scheme, combined with generally improved underwriting standards since the financial crisis, will help offset these risks. If it succeeds in getting a range of lenders comfortable with high loan to value (LTV) lending, the scheme could increase prepayment rates in UK RMBS transactions as it becomes cheaper to refinance existing high LTV borrowing with another lender. Data from Fitch-rated UK RMBS transactions show that annual prepayment rates fell to 5%-15% in 2009-2010, and remain below the range of about 20%-40% before the financial crisis. However, while they might increase, we would not expect prepayment rates to recover to pre-crisis levels, as total exposure of RMBS pools to high LTV loans would probably be relatively low, due to the presence of seasoned loans. Rising house prices and increased turnover in the property market would also be modestly positive for existing UK RMBS transactions. The Royal Institution of Chartered Surveyors (RICS) said Tuesday that the balance of surveyors reporting an increase in house prices last month had hit its highest level since June 2002. Borrowers who struggled to make payments would be more inclined to try and resume repayments if they were not in negative equity, and could potentially sell their house to repay their loan. The post-crisis rise in UK mortgage arrears stabilised in 2010 when house prices bottomed out, suggesting a connection between prices and arrears levels. Similarly, banks selling repossessed properties would recover more of their original advance in a rising and busier market, not just because prices are higher but because forced sale discounts would be lower. By increasing the availability and lowering the cost of high LTV lending, the government mortgage guarantee scheme arguably poses risks to the longer-term performance of the UK mortgage market, by encouraging riskier lending. However, we think these risks are mitigated by certain provisions in the scheme. These include affordability tests, the limited duration of the scheme, which will last for three years, and the fact that lenders are still exposed to some losses, and that once a lender provides a guaranteed mortgage product at a particular LTV, all of its lending at that LTV has to be guaranteed, limiting adverse selection. Nor can borrowers use the guarantee to re-mortgage with the same lender or to finance second homes or buy-to-let properties. In addition, the scheme is going to be monitored by the Financial Policy Committee at the Bank of England for its potential of raising systemic risk.

UK Government Introduces Tough Immigration Bill

21, 2013. (AP Photo/Peter Dejong) Canada In 2011 the government made it illegal for women to wear face-covering garments at citizenship ceremonies, because the judge must be able to see each person’s face reciting their oath. In 2012 the Supreme Court issued a rare split decision on whether women could cover their faces on the witness stand; four judges said it depended on the circumstances, two said witnesses should never cover their face, and one said a Muslim witness should never be ordered to remove her veil. The provincial government of French-speaking Quebec this year has proposed a law that would outlaw all religious regalia including Muslim scarves and veils, turbans, Jewish skullcaps and Christian crucifixes from state buildings. Demonstrators take part in a protest against Quebec’s proposed “values charter” in Montreal, Quebec, Canada on Saturday Sept. 14, 2013. The separatist Parti Quebecois government said the proposed law would forbid government workers from wearing religious headwear such as hijabs, turbans, and kippas and will be introduced for debate later in the year. (AP Photo/The Canadian Press, Ryan Remiorz) United States America has no laws restricting the use of veils or headscarves because it conflicts with constitutional rights to freedom of speech. In 2009 President Barack Obama said in a Cairo speech directed at a Muslim audience that Western nations should “avoid dictating what clothes a Muslim woman should wear” because it reflected innate hostility to Islam. Women dressed in American flag burkas walk through the crowd during a rally on the West Front of the U.S. Capitol Building on September 12, 2010 in Washington, DC. (Photo by Brendan Smialowski/Getty Images) Turkey Islamic-style headscarves and full robes are banned in schools and in government offices. A similar ban for university students was relaxed. Turkish demonstrators supporting ousted Egyptian President Mohamed Morsi chant slogans during a pro-Morsi demonstration on July 14, 2013 in Istanbul.