What follows N. Korea's nuclear test?






STORY HIGHLIGHTS


  • Lopez: Uranium-based blast would pose new challenge to U.N. Security Council

  • Indicates Pyongyang has advanced centrifuge technologies and related systems

  • North Korea's young leader appears to care little about what U.N. or China think

  • Product-based sanctions may stifle the North's ability to continue nuclear program




Editor's note: George A. Lopez holds the Hesburgh Chair in Peace Studies at the Kroc Institute, University of Notre Dame. He is a former member, U.N. Panel of Experts on North Korea, or the Democratic People's Republic of Korea (DPRK).


Indiana, U.S. (CNN) -- North Korea will soon test its third nuclear device. Earlier tests in 2006 and 2009 drew worldwide condemnation, Security Council sanctions and led Pyongyang to withdraw from the six-party talks.


In resolution 2087, passed on January 22, the Council imposed new sanctions on North Korea for its December 12 space missile launch and made clear that new violations would be dealt with harshly.


READ: N.Korea: Close to nuclear missile?


In response, North Korea rejected Council legitimacy, asserted their right to nuclear weapons and deterrence and proclaimed it would soon conduct a new nuclear test.


In addition the North engaged in some strong saber-rattling aimed at South Korea.


READ: For South Koreans, a familiar tone from Pyongyang










Because some analysts believe this will be a uranium explosion, it is a game-changer for the region and poses new and unfavorable challenges to the Security Council. A successful uranium test indicates that Pyongyang has advanced centrifuge technologies and related support systems. It means that North Korea, if left unchecked, can both produce and export such material, raising new concerns that Pyongyang and Iran cooperate in such developments.


Politically the test will reveal that the new regime of Kim Jong-Un exceeds the defiance to U.N. dictates of his predecessors in pursuing his nation's nuclear goals. Neither the prospect of stronger sanctions, nor the growing discontent of Russia and China with his behavior, appears to deter North Korea's young leader.


OPINION: Rescind North Korea's license to provoke


These dilemmas confront the permanent five members of the Council with a harsh reality check regarding their unity of action and what message to convey to the north via what particular sanctions. If the Council follows the logic of resolution 2087, it will impose more extensive and punishing sanctions than ever before. Such sanctions will blacklist companies, government agencies and individuals long known for their role in illicit technology procurement and sanctions evasion. They will expand financial sanctions into areas of banking that would require substantial transnational enforcement to bite, and they may call upon countries in the region to inspect almost all North Korean trade. The economic squeeze and further isolation of the DPRK will increase substantially.


READ: Why sticks don't work with North Korea


These sanctions would require China to play an enforcement role against North Korean economic actors it has hitherto resisted. Seizing prohibited goods that pass through Dalian harbor and other trans-shipment points, as well as shutting down various border activities, would also fall to China. These extensive sanctions as punishment operate from the assumption that at some point the north will forego its nuclear program in order to survive as an authoritarian state.


But there may be an alternative to the punishment approach that could bring Beijing on board with effective Council action. China might well accept specialized trade sanctions aimed to degrade the DPRK's ability to sustain the nuclear program for lack of material and due to prohibitive costs of sanctions busting, as a way of conveying to Pyongyang that it must return to the negotiating table.


The logic of extensive new product-focused sanctions is that DPRK can make -- or jerry-rig -- only a small fraction of the advanced technologies and specialty materials that sustain an ongoing uranium enrichment program. To choke off these materials -- and the illicit means of financing them -- provides the Council with a possibility to make it technically impossible for DPRK to have a functioning uranium-based bomb program.


Precise lists of dozens of the materials used in centrifuge operation that should be sanctioned are already recorded for the Council in the reports of their Panel of Experts for the DPRK. Lists of related materials have also been developed by the Nuclear Supplies Group. To date the permanent five have sanctioned only a very few of the materials on either list. The Council also needs member states to strengthen export, customs and financial controls on dual-use items that are "below grade" of those newly sanctioned items. This will stifle the North's ability to upgrade or jerry-rig these hitherto unsanctioned items as a way of maintaining their program.


READ: Five things to know about North Korea's planned nuclear test


Also critical to the success of this choking of supplies would be stricter controls of the illicit financing that supports such trade. Putting strong enforcement behind the 2087 resolution's concern about DPRK cash flows, especially through its embassies, is also in order.


Another, somewhat unprecedented, sanctions option would be a Council-issued travel ban on North Korea placed on all scientists, engineers and others with specialized expertise in centrifuge technologies and uranium enrichment.


Political agreement on these measures will not be easy to attain among the permanent five nations of the Security Council. But a product-focused sanctions approach -- especially leveraged to aim for more direct diplomatic engagement with the DPRK while denying them material to grow their illicit programs -- has the best chance of gaining Council consensus.


The opinions expressed in this commentary are solely those of George A. Lopez.






Read More..

Singer Gloria Estefan, husband, plan Broadway show of their lives






NEW YORK (Reuters) – Cuban-American singer Gloria Estefan and her music entrepreneur husband, Emilio, are developing a new Broadway show based on their lives, the show’s producer said on Tuesday.


The couple is working with the Nederlander Organization on the show that will trace their lives from leaving Cuba to international stardom.






“The Estefans’ journey of success, led by raw talent and passion, is captivating as it drove them from relative obscurity to global sensations,” Jimmy Nederlander, the organization’s president, said in a statement announcing the deal.


Estefan, one of the most successful Latin crossover stars, fled Cuba with her family as a toddler. She met her husband in Miami and became the lead singer of his band, which was renamed the Miami Sound Machine. The couple married in 1978.


She has sold more than 100 million albums worldwide, won seven Grammy Awards and produced a list of hits including “Conga,” “The Rhythm is Going to Get You,” and “1,2,3.”


Emilio, a music, television and film director, was instrument in his wife’s career, and helped to develop stars such as Shakira, Ricky Martin and Jennifer Lopez.


“Sharing our life story through music will give us a new opportunity to honor our roots and, hopefully, to be able to inspire generations to come,” the couple said in a statement.


The Nederlander Organization said no creative team has been announced yet.


(Reporting by Noreen O’Donnell; Editing by Patricia Reaney and Eric Walsh)


Music News Headlines – Yahoo! News





Title Post: Singer Gloria Estefan, husband, plan Broadway show of their lives
Url Post: http://www.news.fluser.com/singer-gloria-estefan-husband-plan-broadway-show-of-their-lives/
Link To Post : Singer Gloria Estefan, husband, plan Broadway show of their lives
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

Liberty Global to buy Virgin Media







US billionaire John Malone’s cable group, Liberty Global, has agreed to buy the UK’s Virgin Media in a cash and stock deal worth $ 23.3bn (£15bn).






The deal will create the world’s largest broadband company, with 25 million customers in 14 countries.


In the UK, it will be the second biggest pay-TV business after BSkyB.


The merger, subject to shareholder and regulatory approval, puts Mr Malone in competition with Rupert Murdoch, whose media empire owns 39% of BSkyB.


Liberty Global already has operations in various European countries including Germany and Belgium.


“Adding Virgin Media to our large and growing European operations is a natural extension of the value creation strategy we’ve been successfully using for over seven years,” said Mike Fries, chief executive of Liberty Global.


Under the terms of the agreement, Virgin Media shareholders will receive $ 17.50 in cash, 0.2582 Liberty Global Series A shares and 0.1928 Liberty Global Series C shares for each Virgin Media share that they hold.


This implies a price of $ 47.87 per Virgin Media share – a 24% premium to Virgin Media’s closing price on 4 February.


Alongside the announcement of the deal, Virgin Media reported a 30% rise in operating profit to £699.1m last year.


It said it added a record 88,700 new customers to its cable business during the year.


Shares jump


Continue reading the main story
  • Revenues of $ 10bn, 90% coming from Europe

  • Nearly $ 1bn of revenues from Chile

  • Operates in 13 countries

  • Over 34 million video, voice and internet subscriptions

  • Consumer brands include UPC, Unitymedia, Kabel BW, Telenet and VTR

  • 19.6 million customers

  • 21,000 employees worldwide

  • Market capitalisation of nearly $ 18bn

  • Debt of nearly $ 30bn

Figures correct as at September 2012



Neil Berkett, chief executive of Virgin Media, said: “The combined company will be able to grow faster and deliver enhanced returns by capitalising on the exciting opportunities that the digital revolution presents, both in the UK and across Europe.”


Virgin Media was created from the merger of NTL and Telewest, and Sir Richard Branson’s Virgin Mobile in 2006.


As part of that deal Sir Richard retained a 3% stake in the company, which has a 30-year brand licensing agreement with his Virgin Group.


Mr Malone, who is the chairman of Liberty Global, clashed with News Corp’s Mr Murdoch in 2007 when the two companies vied for control of DirecTV Group, the largest US satellite TV broadcaster.


BSkyB leads the UK pay-TV market with 10.7 million customers compared with Virgin Media’s 4.9 million.


Virgin Media’s main listing is in the US on the Nasdaq technology stock exchange, where its shares jumped 17.9% on Tuesday amid speculation that a deal was imminent.


BBC News – Business





Title Post: Liberty Global to buy Virgin Media
Url Post: http://www.news.fluser.com/liberty-global-to-buy-virgin-media/
Link To Post : Liberty Global to buy Virgin Media
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

What you should (and shouldn’t) buy in February






1dfbd  1 intro What you should (and shouldnt) buy in FebruarySome items aren’t on sale in February


When it comes to discounts and deals, February isn’t all hearts and flowers.






If you want to get the most for your money in February, it pays to look beyond the specials and sales and really shop around.


While some items (luggage and patio furniture, for example) probably won’t sport discount stickers in February, other items are frequently discounted. You have to love a month that offers deals on both workout equipment and chocolates.


So if you’re watching your bucks and looking for bargains, here are a few things that likely won’t be discounted in February — along with a couple of items that should be wearing more attractive price tags.


Yahoo! Finance – Personal Finance





Title Post: What you should (and shouldn’t) buy in February
Url Post: http://www.news.fluser.com/what-you-should-and-shouldnt-buy-in-february/
Link To Post : What you should (and shouldn’t) buy in February
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

Stock index futures point to slightly higher Wall Street open

LONDON (Reuters) - Stock index futures pointed to a slightly higher open on Wall Street on Wednesday, with futures for the S&P 500 up 0.1 percent at 5.06 a.m EST.


* Dow Jones futures added 0.3 percent while contracts on the Nasdaq 100 futures rose 0.2 percent.


* Visa , the world's largest credit and debit card network, is expected to report earnings per share of $1.79 for its first quarter, up 1.49 from a year earlier. Smaller rival MasterCard recently reported better-than-expected results but said its revenue growth could decelerate in the first half of the year due to economic uncertainty.


* Media groups Time Warner Inc. and News Corp. were also among U.S. companies due to report results.


* Liberty Global won't change Virgin Media's strategy on network roll-out and content if its deal to buy the British cable group goes through, Liberty's chief executive said on Wednesday.


* Walt Disney Co beat estimates in quarterly adjusted earnings and said it expects the next few quarters to be better on a stronger lineup of movies and rising attendance at its theme parks. The results helped lift the media giant's shares 1.7 percent in after-hours trading.


* Take-Two Interactive Software Inc reported higher revenue and earnings in the third quarter that blew past Wall Street expectations, as the video games publisher gears up to launch a new title from its mega-blockbuster "Grand Theft Auto" series. Take-Two shares were up about 7 percent in after-hours trading after closing at $12.66 on the Nasdaq.


* Online gaming firm Zynga Inc reported an unexpected fourth-quarter profit after embracing steep cost cuts and shifting forward deferred revenue. The results were a relief to investors who had feared the company might be in free fall and Zynga's shares jumped 7 percent to $2.93 in after-hours trade.


* Nasdaq OMX Group Inc is in preliminary talks with U.S. securities regulators over a possible settlement for the glitch-ridden stock market debut of social networking site Facebook Inc , the Wall Street Journal reported on Tuesday, citing people with knowledge of the discussions.


* Online photo-sharing service provider Shutterfly Inc's results beat analysts' estimates in the traditionally strong fourth quarter on higher demand during the holiday season, particularly in its enterprise unit. The company's shares rose 13 percent in after-hours trading.


* European stocks were a touch higher on Wednesday, with shares in the world's largest steelmaker, ArcelorMittal , rising after its upbeat outlook reassured investors.


* Japan's Nikkei average surged 3.8 percent to its highest close since October 2008 after the yen fell sharply on bets the early exit of the central bank governor would open the way for a successor who pursues aggressive monetary easing.


* The Dow Jones industrial average <.dji> closed 99.22 points, or 0.71 percent, higher at 13,979.30 on Tuesday. The Standard & Poor's 500 Index <.spx> was up 15.58 points, or 1.04 percent, at 1,511.29. The Nasdaq Composite Index <.ixic> was up 40.41 points, or 1.29 percent, at 3,171.58.


(Reporting By Francesco Canepa; Editing by Susan Fenton)



Read More..

Niners have better chance than Ravens to be back


NEW ORLEANS (AP) — The Baltimore Ravens carried off the Lombardi Trophy. Their beaten opponent has a better chance of doing it next season.


San Francisco running back Frank Gore insisted the 49ers were the more talented team even after losing 34-31 to the Ravens in Sunday's Super Bowl. The scoreboard said otherwise, but when the conference champions meet at the Meadowlands next February — yes, outdoors in the dead of winter for the NFL crown — the Niners easily could represent the NFC.


Again.


"I'd say we've got a great group of guys in the locker room, great warriors," Gore said, "and I'm not going to promise anything next year, but we're going to fight to get back here."


The toughest fight might be in their own division with Seattle and rapidly improving St. Louis. The Seahawks were the only team to allow fewer points than the 49ers, and their rivalry — including the semi-feud between coaches Jim Harbaugh and Pete Carroll — adds spice to the NFC West.


But the 49ers have to be the NFC favorite after losing in overtime to the Giants for the conference title last year, then barely falling to the Ravens on Sunday night.


"This is kind of tough, to get this far and let everything slip away through your hands," said Ahmad Brooks, part of the best linebacking corps in the league, along with All-Pros Patrick Willis, Aldon Smith and NaVorro Bowman. "The funny thing about it is, within the next few months, we're going to start trying to get back to the same place that we're at right now."


As will the Ravens, but their challenge is more imposing.


Unlike the 49ers, who figure to lose virtually no important parts — receiver Randy Moss, perhaps, but he was a marginal player in 2012 — the Ravens have bid adieu to their greatest player, linebacker Ray Lewis. Not only will they miss his performances on the field and his presence in the locker room, but he was the emotional engine in Baltimore.


The leadership burden will fall on two players whose contracts have expired but likely will be back with the Ravens: Super Bowl MVP quarterback Joe Flacco and veteran safety Ed Reed.


Flacco almost certainly will get the franchise tag at more than $14 million if he can't agree to a long-term deal. But in the current NFL, winning without a top-level QB is impossible, and there can be no arguing now about Flacco belonging in that class.


Reed wants to return and the Ravens recognize how unwise it would be to let both Lewis and Reed leave at the same time — even after winning their second Super Bowl in 12 seasons.


"I always said when I came into the league and got drafted that I didn't want to be one of those guys jumping from team to team," Reed said during Super Bowl week.


Regardless, the Ravens will be a force — odds makers have placed them behind New England and Denver in the AFC next season — and one of the NFL's most prolific offensive teams.


Flacco throwing to the superb trio of wide receivers Anquan Boldin and Torrey Smith and tight end Dennis Pitta, plus the versatility of running back Ray Rice and a stud backup in Bernard Pierce says so. Flacco's protection from the line and All-Pro fullback Vonta Leach was impeccable in the postseason, helping Flacco throw for a record-tying 11 TDs with no interceptions.


The defense, oddly enough considering Baltimore's reputation, needs some work. But linebacker Terrell Suggs will be even healthier — he came back quickly from a torn Achilles tendon — and top cornerback Lardarius Webb returns from a knee injury.


Just like the 49ers, the Ravens have a tough task in their division. Cincinnati is young, but has made the playoffs the last two years. Pittsburgh never remains dormant for long.


Should these two clubs make it to the first outdoor Super Bowl at a cold-weather site, would Baltimore have the edge because it's used to such conditions? And because it's a three-hour drive from MetLife Stadium, will Ravens fans be out in force even more than they were in the Big Easy?


Or would the 49ers' immense talent base be overwhelming?


Food for thought over the next 11 months.


"We've got to look at this as a blessing because we didn't have to be here, but we made it," tight end Vernon Davis said. "We've always got next year; we've got next season. We might as well look forward to next season, keep our hopes high and continue to climb."


___


Online: http://pro32.ap.org/poll and http://twitter.com/AP_NFL


Read More..

Richard III still the criminal king



















Richard III on stage and screen


Richard III on stage and screen


Richard III on stage and screen


Richard III on stage and screen


Richard III on stage and screen


Richard III on stage and screen


Richard III on stage and screen


Richard III on stage and screen


Richard III on stage and screen


Richard III on stage and screen


Richard III on stage and screen


Richard III on stage and screen





<<


<





1




2




3




4




5




6




7




8




9




10




11




12



>


>>







STORY HIGHLIGHTS


  • Dan Jones: Richard III's remains found; some see chance to redeem his bad reputation

  • Jones says the bones reveal and confirm his appearance, how he died and his injuries

  • Nothing changes his rep as a usurper of the Crown who likely had nephews killed, Jones says

  • Jones: Richard good or bad? Truth likely somewhere in between




Editor's note: Dan Jones is a historian and newspaper columnist based in London. His new book, "The Plantagenets" (Viking) is published in the US this Spring. Follow him on Twitter.


(CNN) -- Richard III is the king we British just can't seem to make our minds up about.


The monarch who reigned from 1483 to 1485 became, a century later, the blackest villain of Shakespeare's history plays. The three most commonly known facts of his life are that he stole the Crown, murdered his nephews and died wailing for a horse at the Battle of Bosworth in 1485. His death ushered in the Tudor dynasty, so Richard often suffers the dual ignominy of being named the last "medieval" king of England -- in which medieval is not held to be a good thing.


Like any black legend, much of it is slander.


Richard did indeed usurp the Crown and lose at Bosworth. He probably had his nephews killed too -- it is unknowable but overwhelmingly likely. Yet as his many supporters have been busy telling us since it was announced Monday that Richard's lost skeleton was found in a car park in Leicester, he wasn't all bad. In fact, he was for most of his life loyal and conscientious.



Dan Jones

Dan Jones



To fill you in, a news conference held at the University of Leicester Monday confirmed what archaeologists working there have suspected for months: that a skeleton removed from under a parking lot in the city center last fall was indeed the long-lost remains of Richard III.


His official burial place -- under the floor of a church belonging to the monastic order of the Greyfriars -- had been lost during the dissolution of the monasteries that was carried out in the 1530s under Henry VIII. A legend grew up that the bones had been thrown in a river. Today, we know they were not.


What do the bones tell us?


Well, they show that Richard -- identified by mitochondrial DNA tests against a Canadian descendant of his sister, Anne of York -- was about 5-foot-8, suffered curvature of the spine and had delicate limbs. He had been buried roughly and unceremoniously in a shallow grave too small for him, beneath the choir of the church.


He had died from a slicing blow to the back of the head sustained during battle and had suffered many other "humiliation injuries" after his death, including having a knife or dagger plunged into his hind parts. His hands may have been tied at his burial. A TV show aired Monday night in the UK was expected to show a facial reconstruction from the skull.


Opinion: What will the finding of Richard III mean?



In other words, we have quite a lot of either new or confirmed biographical information about Richard.


He was not a hunchback, but he was spindly and warped. He died unhorsed. He was buried where it was said he was buried. He very likely was, as one source had said, carried roughly across a horse's back from the battlefield where he died to Leicester, stripped naked and abused all the way.


All this is known today thanks to a superb piece of historical teamwork.


The interdisciplinary team at Leicester that worked toward Monday's revelations deserves huge plaudits. From the desk-based research that pinpointed the spot to dig, to the digging itself, to the bone analysis, the DNA work and the genealogy that identified Richard's descendants, all of it is worthy of the highest praise. Hat-tips, too, to the Richard III Society, as well as Leicester's City Council, which pulled together to make the project happen and also to publicize the society and city so effectively.


However, should anyone today tell you that Richard's skeleton somehow vindicates his historical reputation, you may tell them they are talking horsefeathers.










Richard III got a rep for a reason. He usurped the Crown from a 12-year old boy, who later died.


This was his great crime, and there is no point denying it. It is true that before this crime, Richard was a conspicuously loyal lieutenant to the boy's father, his own brother, King Edward IV. It is also true that once he was king, Richard made a great effort to promote justice to the poor and needy, stabilize royal finances and contain public disorder.


But this does not mitigate that he stole the Crown, justifying it after the fact with the claim that his nephews were illegitimate. Likewise, it remains indisputably true that his usurpation threw English politics, painstakingly restored to some order in the 12 years before his crime, into a turmoil from which it did not fully recover for another two decades.


So the discovery of Richard's bones is exciting. But it does not tell us anything to justify changing the current historical view of Richard: that the Tudor historians and propagandists, culminating with Shakespeare, may have exaggerated his physical deformities and the horrors of Richard's character, but he remains a criminal king whose actions wrought havoc on his realm.


Unfortunately, we don't all want to hear that. Richard remains the only king with a society devoted to rehabilitating his name, and it is a trait of some "Ricardians" to refuse to acknowledge any criticism of their hero whatever. So despite today's discovery, we Brits are likely to remain split on Richard down the old lines: murdering, crook-backed, dissembling Shakespearean monster versus misunderstood, loyal, enlightened, slandered hero. Which is the truth?


Somewhere in between. That's a classic historian's answer, isn't it? But it's also the truth.


Follow us on Twitter @CNNOpinion.


Join us on Facebook/CNNOpinion.


The opinions expressed in this commentary are solely those of Dan Jones.






Read More..

Euro, oil slide on European worries, shares flat






LONDON (Reuters) – The euro and oil fell on Tuesday while European shares were largely flat as renewed worries over political risks in the euro zone trimmed demand for riskier assets for a second day.


A rise in political uncertainty in Spain, where the prime minister is facing calls to resign, and in Italy, which holds a general election later this month, provoked a big sell off on Monday, ending a solid new year rally.






The euro, which has taken the brunt of the selling, had risen 2.3 percent against the U.S. dollar this year to a high of just over $ 1.37 on Friday, before the selloff began and was down 0.4 percent at $ 1.3460 in early European trade.


The broad FTSE Eurofirst 300 index <.fteu3> of top European shares dropped 1.5 percent to its lowest level of the year on Monday, steadied to open up 0.1 percent up. Across Europe London’s FTSE 100 <.ftse>, Paris’s CAC-40 <.fchi> and Frankfurt’s DAX <.gdaxi> were all recovering from the previous days sharp falls.</.gdaxi></.fchi></.ftse></.fteu3>


Most analysts see this week’s selloff as a correction to a rally linked to signs of growing euro zone economic stability and an improving global outlook, which has been underpinned by the easier monetary policies of major central banks.


“What we are looking at, at the moment, is a correction, a consolidation or even a ‘baby risk off’, ” said Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets in Brussels.


“Nevertheless our working hypothesis remains that after the correction the trends in place before will continue as the two main drivers are still there; namely central banks continuing to inject liquidity and more and more proof of an economic recovery,” he said.


Bond markets have also stabilized after a sharp rise in yields on Spanish and Italian debt and growing demand for safe-haven German government bonds. This followed a narrowing of spreads this year between peripheral and core government debt.


“We had a very strong rally in peripheral markets, strong spread compression in January which was probably faster than fundamentals were favoring, so we are in a correction. It’s not a new trend, it’s just a correction,” Patrick Jacq, European rate strategist at BNP Paribas said.


(Additional reporting by Ana Nicolaci da Costa and Atul Prakash.)


Business News Headlines – Yahoo! News





Title Post: Euro, oil slide on European worries, shares flat
Url Post: http://www.news.fluser.com/euro-oil-slide-on-european-worries-shares-flat/
Link To Post : Euro, oil slide on European worries, shares flat
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

How to decide between moving or remodeling






Move or remodel? If you are dissatisfied with your home, you might wonder whether it’s better to buy another house or remodel the one you own. The choice involves both financial and emotional calculations.


“Deciding whether to move or to remodel is a life conversation, not just a money conversation,” says Justin Krane, president of Krane Financial Solutions, in Los Angeles. “You should always start with life first, because thinking about money first can get in the way of figuring out what we really want.”






Chris Terrill, CEO of ServiceMagic in Golden, Colo., says homeowners need to start the decision-making process by evaluating their motivations for change.


“I think people have become more aware that they need to ‘move with a purpose,’” Terrill says. “If you must relocate for your job or your commute is too long, that’s one thing, but if you feel you’ve hit the maximum capacity of your space, you may want to consider investing in your existing home.”


Once you’ve evaluated your desire, such as for more space, think hard about the emotional aspect of moving.


“If you love your neighborhood, your neighbors, your backyard, your commute and your children’s school, then you need to realize that these are things that are hard to replace,” says Dan Fritschen, creator of RemodelOrMove.com and author of “Remodel or Move? Make the Right Decision.” “You need to think about how your home functions during the entire year, including your ability to entertain.”


Financial implications of moving


Before deciding to move, consult a real estate agent and a lender to get an evaluation of your home’s market value, the cost of the type of home you want to buy and your financing options.


“Your new mortgage payments could be lower because of today’s low mortgage rates and low home prices, which could offset a lower-than-expected sales price on your home,” Fritschen says. “You also need to know the difference in property taxes and calculate the potential money you may need to spend to get the next house fixed to your preferences.”


Terrill adds: “The real cost of selling includes the real estate commission on the sale, possibly some repairs on your home before you can sell it, closing costs on your new property, moving costs and perhaps new furniture.”


Financial implications of remodeling


While Krane recommends funding a remodel through cash flow or savings, he says a home equity loan could be an option for some homeowners as long as they have a repayment plan.


Fritschen says homeowners with equity may be able to refinance and pull cash out for a remodel, or refinance into a Federal Housing Administration 203(k) loan that allows the borrower to wrap remodeling costs into the new mortgage.


“You need to get a feel for what your project will cost before you can decide if it’s worth it,” Fritschen says. “Then you can estimate potential appreciation in your home value from the project. It’s also important to think about the intangible value of the improvement in terms of your quality of life.”


Terrill says adding square footage can be the best remodeling investment, followed by fixing up a kitchen or bathroom. He urges caution about over-improving the home for the neighborhood.


“If you are living in a community of $ 250,000 homes and you upgrade with a $ 150,000 kitchen, you may not get your money back when you sell,” Terrill says. “On the other hand, if you love cooking and you can afford it, the renovation has emotional value.”


Terrill says homeowners should use a variety of resources, including local contractors, real estate agents, neighbors, online resources and visits to open houses to estimate whether a project would be an over-improvement for the neighborhood.


More From Bankrate.com


Yahoo! Finance – Personal Finance





Title Post: How to decide between moving or remodeling
Url Post: http://www.news.fluser.com/how-to-decide-between-moving-or-remodeling/
Link To Post : How to decide between moving or remodeling
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

U.S. stock index futures signal higher Wall Street open

LONDON (Reuters) - U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 0.2 to 0.3 percent.


U.S. stocks slid on Monday, giving the S&P 500 its worst day since November, as renewed worries about the euro zone crisis caused the market to pull back from recent gains. Europe's main markets were marginally in the black after the latest batch of corporate results on Tuesday.


NYSE Euronext , the exchange being bought by rival IntercontinentalExchange , said slower trading drove fourth-quarter net revenue down 11 percent to $562 million.


ICSC/Goldman Sachs release chain store sales for the week ended February 2 at 7.45 a.m EST. Sales fell 1.0 percent in the previous week.


The U.S. government has launched a civil lawsuit against Standard & Poor's and parent The McGraw-Hill Companies over mortgage bond ratings, the first federal enforcement action against a credit rating agency over alleged illegal behavior tied to the recent financial crisis.


Redbook releases its Retail Sales Index of department and chain store sales for January at 1355 GMT. Sales fell 0.5 percent in the previous month.


Major companies announcing results on Tuesday included Walt Disney Company , Automatic Data Processing and Delphi Automotive .


The Institute for Supply Management releases its January non-manufacturing index at 1500 GMT. Economists forecast a reading of 55.2, versus 55.7 in December.


John Malone's cable group Liberty Global has approached Britain's No. 2 pay-TV operator Virgin Media about making a bid for the firm, the UK group said on Tuesday.


Technology services provider IBM on Tuesday said it is aiming to take on competitors such as Oracle and Hewlett Packard by offering a more affordable Power Systems server and storage product range later this month.


Japan's transport safety agency said it is still unclear whether battery chemistry or an electrical issue caused a main battery on a Boeing Co 787 Dreamliner operated by All Nippon Airways to overheat last month, forcing it to make an emergency landing.


European shares <.fteu3> rose 0.5 percent on Tuesday, stabilizing after the previous session's sharp sell-off, as investors digested a raft of earnings reports.


The Dow Jones industrial average <.dji> fell 129.71 points, or 0.93 percent, at 13,880.08 on Monday. The Standard & Poor's 500 Index <.spx> was down 17.46 points, or 1.15 percent, at 1,495.71. The Nasdaq Composite Index <.ixic> was down 47.93 points, or 1.51 percent, at 3,131.17.


(Reporting by Atul Prakash)



Read More..