Monday, April 2, 2012

Latest Iowa news, sports, business and entertainment

Latest Iowa news, sports, business and entertainment
April 01, 2012 18:38 GMT

%reldate(2012-04-01T08:30:00

APARTMENT-SHOWING ASSAULT

Iowa City woman assaulted while showing apartment

(Information in the following story is from: Iowa City Press-Citizen, http://www.press-citizen.com/)

IOWA CITY, Iowa (AP) -- Iowa City police say they've arrested a man suspected of sexually assaulting a woman who was showing him an apartment.

The Iowa City Press-Citizen reports that 21-year-old Peng Tang was arrested Friday night on suspicion of kidnapping and sexual assault.

Police say the woman was showing Tang her apartment Thursday night for a possible sublet. Officers say when the pair entered a bedroom, Tang attacked the woman, telling her he had a knife. Police say that before leaving, Tang took sexually explicit photos of the woman and threatened to post them online if she contacted police.

Tang remained jailed and was unavailable for comment Saturday.

TRAFFIC STOP-OFFICERS

Former Des Moines officers charged in 2008 case

(Information in the following story is from: The Des Moines Register, http://www.desmoinesregister.com)

DES MOINES, Iowa (AP) -- Polk County prosecutors have filed charges against two former Des Moines police officers accused of assaulting a man during a traffic stop in 2008.

The Des Moines Register reports that former officers Mersed Dautovic and John Mailander were charged in March with willful injury, felonious misconduct in office and perjury.

Dautovic allegedly beat Octavius Bonds with a baton during the traffic stop. Bonds and Erin Evans, the driver of the car, sued the city, which paid $500,000 to settle the case.

Mailander pleaded guilty to a federal charge in the case earlier this year after he and Dautovic were indicted by federal grand jury.

AUDITOR PETITION QUESTIONED

Local Iowa auditor rejects call to bow out of race

(Information in the following story is from: The Gazette, http://www.gazetteonline.com/)

IOWA CITY, Iowa (AP) -- Embattled Johnson County Auditor Tom Slockett is rejecting calls from fellow Democrats drop his bid for re-election.

The requests follow a string of incidents involving Slockett, including his 2007 drunken driving conviction.

Slockett, the auditor and elections commissioner since 1977, told The Gazette of Cedar Rapids that he will stay in the race.

Documents given to The Gazette this week under Iowa's open-records law show that some of Slockett's employees were upset that he circulated a re-election petition at the office. Some claim he harassed people into signing a re-election petition he circulated in his own office.

Democrats State Senator Bob Dvorsky of Coralville and Representative Mary Mascher of Iowa City say they think it's time for Slockett to step aside.

SURGEON RESIGNATION-IOWA

Star surgeon says he left Iowa because of weather

IOWA CITY, Iowa (AP) -- A star University of Iowa surgeon who is playing a key role in a messy personnel dispute says he resigned from the university last year because of the dreary Iowa winters.

John Chaloupka, an internationally known expert in treating brain aneurysms, resigned his $380,000 per-year job last June for reasons that have not been fully explained. A month later, Mount Sinai Medical Center in Florida announced it had hired Chaloupka.

Chaloupka's departure came weeks after he filed a legal affidavit calling his boss a liar who made racially insensitive remarks about foreign doctors. His affidavit supported legal claims by suspended radiology professor Malik Juweid.

Chaloupka testified in a February deposition that he left because he was "getting worn down by the winters and wanted to live in a warmer climate."

CIGARETTES STOLEN

Nearly $1,400 worth of cigarettes stolen in Iowa

(Information in the following story is from: The Des Moines Register, http://www.desmoinesregister.com)

DES MOINES, Iowa (AP) -- Des Moines police are looking for the person or persons responsible for stealing nearly $1,400 worth of cigarettes from a convenience store.

The Des Moines Register reports that officers were called to the Git-N-Go around 4:30 a.m. Friday. Officers say a concrete block had been used to smash in the store's glass door. The cigarettes were taken from behind the store's counter.

Police say the store has cameras, but officers were unable to obtain footage at the time of the break-in. Police do have muddy footprints as evidence.

No arrests have been made.

PARENTS ATTACKED

Mason City man pleads guilty in attack on parents

(Information in the following story is from: KIMT-TV, http://www.kimt.com)

MASON CITY, Iowa (AP) -- A 30-year-old Mason City man accused of attacking his parents has changed his plea to guilty in the case.

Mason City television station KIMT reports that Ramyleo Abujobarah pleaded guilty Friday to assault. In exchange for his plea, burglary and mischief charges in the case have been dropped. His sentencing date has not been set.

Police say Abujobarah kicked in the door of his parents' home at midnight on December 27th. Court records say he entered his parents' bedroom and choked his father and punched his mother.

PASTOR-ASSAULT TRIAL

Mason City pastor acquitted in assault case

(Information in the following story is from: Globe Gazette, http://www.globegazette.com/)

MASON CITY, Iowa (AP) -- A jury has acquitted a Mason City Lutheran pastor accused of hitting a teen who used profanity during a confirmation class in church.

The Mason City Globe Gazette reports that the Reverend Paul Nelson of St. James Evangelical Lutheran Church was found not guilty Friday night of assault.

Nelson testified that he hit the boy in the arm after the boy uttered an expletive in church. Nelson said he struck the teen three more times when the boy said the word again.

The teen said the altercation started when he refused to stop texting a friend on his cellphone in class. The boy said he uttered the expletive when Nelson took his phone.

CHURCH FIRE

Burlington man found guilty in church fire

(Information in the following story is from: The Hawk Eye, http://www.thehawkeye.com)

BURLINGTON, Iowa (AP) -- A Des Moines County jury has found a Burlington man guilty of setting a fire that gutted a local church.

The Burlington Hawk Eye reports that 43-year-old Victor Clegg Junior was found guilty Friday of second-degree arson for setting fire to Union Baptist Church last April.

Clegg had also been charged with burglary in the case, but the jury instead found him guilty of trespassing.

Clegg, who was also convicted of arson in 2009 for setting a Michigan restaurant on fire, is set to be sentenced May 14th.

He has been held in the county jail since his arrest last April.

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It is truly important to learn more about motorhomes

Used caravans for sale bridgend

It is truly important to learn more about motorhomes or Bridgend caravans. Education is the key to making the most suitable purchase and the wealth of the Internet?s information is too much to avoid. One can find all they need to know about any of the thousands of models and brands that exist today. Websites are available to help explain and answer all of the questions a buyer would have about the many differences in RVs.There are truly a daunting number of options just in models alone. And beyond the choice of make and model one must look at the year and each of the many options that need to be decided on. An RV or motorhome or?Caravans for sale bridgend can come with so many features that all a person can do is learn as much as they can. Winnebago Motorhomes, a very recognizable name in the industry, have (even as one company) so many different models to choose from. The first thing for anyone to do is decide on the needs they require to be met from their specific motorhome.It must be decided what the major use of the motor home is going to be. Whether someone needs the RV to perform off road, or only on the highway, or how many people are going to inhabit the motorhome on its trips are very important pieces of information to work out before making a decision. Anyone in the market for a RV or?Used caravans for sale bridgend should look at every option. Fleetwood Motorhomes is another example of one of the many makers of fine RVs that should be investigated appropriately before finalizing a purchase.

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Hard Money Lenders: Getting Hard Money Loans - Finance

Posted by publisher on April 1st, 2012

Just how does an individual go about applying for a hard money loan? You?ll find a lot of posts released regarding why a lot of individuals choose this method as opposed to regular financial loan for their many business transactions although not sufficient on how to essentially getting it.?

A hard money loan is in demand among land developers, small business owners, architects, real estate and property developers because it allows them to work their business-related undertakings like acquiring equipment, or more real estate, or paying off offerings that can increase the value of their original investment without having to turn over any property. That being said, do not go running off to the first hard money lender yet. Any thought or deliberation over getting a hard money loan need to be made with excellent consideration along with all the details in. Individuals need to get familiar with the risks and success of such a deal before stepping into one.?

While hard money loans are getting lots of hype, there are actually risks using this type of loan. One of these is the higher interest rates and the other charges that may be charged by the loan company. Because these loans are now being given out by private persons or by a group of individuals, they do have the leeway to demand higher rates. So, just be sure you can afford this sort of charges before you apply or you may get stuck with interest rates that are greater than you can manage. The main incentive regarding hard money financing is the efficiency with which they?re offered compared to conventional loans and the truth that their affirmation don?t depend on the borrower?s credit score.?

When looking for a hard money loan, the first thing is to find lenders who are expert in giving them. Financial institution and other typical sources of loans don?t give this kind of financing because of the high danger associated with the negotiations. Once you?ve identified a hard money lender who has had enough expertise in providing this kind of loan, it will be wise to identify the present money rates. The loan rates, however, aren?t based on the federal rates but on the various loan estimates made.

The next move is to have the price of your collateral, usually your property, determined. The cost of the mortgage is generally computed based on a particular percentage of this.?

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Sunday, April 1, 2012

Japan Factory Output Falls, Dents Recovery Hopes

Japan's factory output fell unexpectedly in February, data showed March 30, suggesting the recovery in the world's number three economy remained anaemic. The fall confounded expectations for a third straight increase, although officials pointed out that manufacturers expect the slowdown to be temporary. The 1.2 percent one-month decline in industrial production was triggered largely by slower automobile and semiconductor output, surprising observers who had tipped a 1.3 percent gain. "The outcome was unexpected, as industries such as the electronic machinery industry that were supposed to show a gain in output turned out to be negative," said Yuichi Kodama, chief economist at Meiji Yasuda Life Insurance. "The data confirm that the pace of recovery in production is slow, even though the upward momentum remains intact," he added. The latest figures come despite Japanese firms revving up production in recent months as they recover from last year's quake-tsunami disaster and record flooding in Thailand, which disrupted production for manufacturers with plants there. Japan's factories posted a revised 1.9 percent output increase in January and 3.8 percent in December. And on Friday, the economy, trade and industry ministry said a survey of producers pointed to an expected 2.6 percent factory output rise in March and another increase of 0.7 percent in April.

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China Manufacturing Data Show Mixed Picture

BEIJING?Two gauges of China's manufacturing sector gave a decidedly mixed picture for March, as an official measurement showed unexpected strength while a rival index by HSBC Holdings PLC pointed to further weakness.

The data disclosed Sunday showed that the world's second-largest economy is still struggling with the twin burdens of global sluggishness and a weak domestic property sector. Separately, a measure of Chinese home prices declined in March compared with February for the seventh monthly decline, as China's policy makers continue to try to tame housing costs. At the same time, the data suggest there are bright spots in the ...

BEIJING?Two gauges of China's manufacturing sector gave a decidedly mixed picture for March, as an official measurement showed unexpected strength while a rival index by HSBC Holdings PLC pointed to further weakness.

The data disclosed Sunday showed that the world's second-largest economy is still struggling with the twin burdens of global sluggishness and a weak domestic property sector. Separately, a measure of Chinese home prices declined in March compared with February for the seventh monthly decline, as China's policy makers continue to try to tame housing costs. At the same time, the data suggest there are bright spots in the ...

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Tips About Getting Gas Station Financing | Free Finance Articles

Financing service stations are hard, complicated and subsequently most conventional finance companies and banks don?t consider financing a gas station or convenience store properties. Why?

  1. Service stations, convenience store and carwash business is a ?cash business? and no company owner would declare the cash in the tax returns. Consequently, it is impossible to substantiate profit and figure out the debt to service ratio for the loan
  2. Service station properties have environmental risks. Those that are clean have a greater risk of environmental problems in future
  3. If the financial institutions repossess the gas station properties through foreclosure, they?re not able to run the business. Unlike income producing properties such as apartments, the banks can?t get a property manager to manage the gas station.
  4. There are more issues such as low fuel profit margins, restrict dealer or franchise contract which makes the bank uncomfortable in evaluating
    gas station financing

There are few lenders that would consider gas station loan and they mostly use SBA loans to finance the property because federal government guarantees major portion of the loan. Despite the government guarantee, the lenders are certainly conservative in underwriting the transaction. To be honest with you, for those who have found a service station property to purchase, financing is quite possible but would be a pain so be ready.

You will find niche lenders that specializes in gas station financing and convenience store loan. Some would go as high as 80% loan to value of the property and they use the real estate, business and equipments as collateral in underwriting the project. Underwriter looks at the tax returns, income statements and sponsors? credit and experience to analyze the credit worthiness of the transaction.

Once the borrower has got the credit approval, the lender moves forward with the due diligence including appraisal, environmental reports, feasibility studies, title search and so on. After lender is content with all the due diligence and all the outstanding issues are resolved, loan documents will be drawn and subsequently loan will be funded. Now, keep in mind that borrowers cover the lenders underwriting costs and due diligence fees. These fees may be up to $10K or even more and usually non-refundable. Lenders usually charge some fees which may be as high at 3% or more of the amount borrowed and the rates are higher as a result of risk the financial institution takes. So it?s essential to evaluate all these fees and expenses to make certain it?s wise for you to buy a gas station property.

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CyanogenMod 9, Galaxy Nexus 4.0.4 improvements [From the Forums]

From the Forums

We've blasted through a bunch of content this week and managed to get up a new Android Central podcast for you all. If you missed out on anything, this weekend would be a good time to get yourself caught up and hang out in the Android Central forums:

If you're not already a member of the Android Central forums, you can register your account today.



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