31 May
2021

Latest Real Wage Growth Could Spell Good News for Housing

first_img Latest Real Wage Growth Could Spell Good News for Housing Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Brian Honea Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Home / Daily Dose / Latest Real Wage Growth Could Spell Good News for Housing Many economists and analysts have said that strong wage growth is needed in order for facilitate a full recovery for the housing industry. The latest data released by the U.S. Bureau of Labor Statistics indicates that real wages are on the rise, increasing by 22 cents year-over-year.In the real earnings report for February 2015 released Tuesday, the BLS reported that real average hourly earnings – hourly earnings adjusted for inflation – increased year-over-year from $10.32 to $10.54 year-over-year, an increase of 2.1 percent, despite a drop by one cent from January’s average of $10.55.Real average weekly earnings increased year-over-year in February by more than nine dollars, from $355.17 up to $364.56, while declining by 35 cents from January to February. The BLS cited the month-over-month decrease in real average hourly earnings combined with no change in the average workweek as the reasons for the slight month-over-month drop in real weekly earnings. The average work week remained unchanged at 34.6 hours from January to February while increasing by 0.6 percent year-over-year, from 34.4 hours reported in February 2014.The average hourly earnings increased by just three cents month-over-month in February from $24.75 to $24.78, while increasing by 48 cents year-0ver-year. Average weekly earnings ticked up by just $1.04 in February from $856.35 up to $857.39 while increasing by more than $21.00 year-over-year, from $835.92 reported last February. At the time the BLS February employment summary was released in early March, Fannie Mae Chief Economist Doug Duncan stated that the slow wage gains were holding back the housing industry, but that he said he believed the strong hiring numbers (an average of 266,000 jobs added per month in the last 12 months).”We maintain our belief that once upbeat hiring translates into stronger income growth, which we believe it likely will, a stronger housing recovery will follow,” Duncan said.While Fannie Mae reported a slow start to the year economy-wise in its March 2015 Housing and Economic Outlook released earlier this week, recent improvements in the labor market suggest that the GSE’s prediction that the economy will rebound and “drag housing upward” in 2015 may still yet come true. The latest year-over-year increase in real earnings suggest that the wage growth analysts are hoping for to lift the housing market may be coming.”The economy is getting a boost from the strong employment numbers we’ve seen last year and at the start of 2015,” Duncan said in the report. “When this employment growth partners with income growth and consumers experience a rise in their personal household income, we should see a similar boost in the housing sector. Overall, we expect an improving 2015 with continued economic growth bringing housing above 2014 levels.” Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Housing Market Real Wage Earnings U.S. Bureau of Labor Statistics Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Cold Winter, Soft Economic Growth Cause Housing Market to Stumble Next: Fabrizio & Brook Announces New Hire; Managing Shareholder Appointed as Case Evaluatorcenter_img Demand Propels Home Prices Upward 2 days ago March 25, 2015 1,200 Views in Daily Dose, Featured, Market Studies, News Housing Market Real Wage Earnings U.S. Bureau of Labor Statistics 2015-03-25 Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles  Print This Post Sign up for DS News Daily Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

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26 May
2021

Custodial Deaths : Revisiting Debate On Anti-Torture Law

first_imgColumnsCustodial Deaths : Revisiting Debate On Anti-Torture Law Mukund P Unny28 Jun 2020 8:10 PMShare This – xIndia’s anti-torture bill has been in coma for almost 10 years now.The custodial deaths of Jayaraj and Bennix at the Sathankulam police station in the Tuticorin District of Tamil Nadu have raised eye-brows due to the sheer scale of torture and violence perpetrated by the Police. This incident has opened up the debate on the use of third-degree methods by the Police to extract confessions and statements, even as the global anger following the death of…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe custodial deaths of Jayaraj and Bennix at the Sathankulam police station in the Tuticorin District of Tamil Nadu have raised eye-brows due to the sheer scale of torture and violence perpetrated by the Police. This incident has opened up the debate on the use of third-degree methods by the Police to extract confessions and statements, even as the global anger following the death of George Floyd is far from dying down. In the United States, the protests against incidents of police brutality has now resulted in the House of Commons (Congress) passing a police reform bill seeking to ban chokeholds, establish a national database to track police misconduct etc. The reforms bill is unlikely to become a formal law as the bill in its present form faces the threat of being vetoed by President Trump. Interestingly, India also shares similar situation as that of the United States as the Indian anti-torture law, proposed many times by the Parliamentarians, is yet to the see the light of the day. Fate of the Prevention of Torture Bill, 2010 The global commitment to an anti-torture law is marked with the adoption of the “Declaration on the Protection of All Persons from Being Subjected to Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment” (“the Torture Declaration”) by the General Assembly of United Nations on 09.12.1975. The Torture Declaration was followed by “The Convention against Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment” (“the Torture Convention”) which was adopted by the General Assembly on 10.12.1984, almost 9 years after the Torture Declaration of 1975. The Torture Convention breathes into itself the Article 5 of the Universal Declaration of Human Rights and Article 7 of the International Covenant on Civil and Political Rights, both of which provide that no one shall be subjected to torture or to cruel, inhuman or degrading treatment or punishment. However, for the Torture Convention to be made applicable in India, India had to pass a law enabling the country to ratify the same. The Prevention of Torture Bill, 2010 was a step in that direction. This bill was introduced in the Lok Sabha on 26.04.2010 by then Home Minister P. Chidambaram and was passed on 06.05.2010. Salient features the Protection of Torture Bill, 2010 If the Prevention of Torture Bill, 2010 had indeed become law, it would have provided for punishment for torture committed by public servants. The Section 3 of the Bill defined “torture” broadly as follows: “3. Whoever, being a public servant or being abetted by a public servant or with the consent or acquiescence of a public servant, intentionally does any act for the purposes to obtain from him or a third person such information or a confession which causes,— (i) grievous hurt to any person; or (ii) danger to life, limb or health (whether mental or physical) of any person, is said to inflict torture: Provided that nothing contained in this section shall apply to any pain, hurt or danger as aforementioned caused by any act, which is inflicted in accordance with any procedure established by law or justified by law Explanation.—For the purposes of this section, ‘public servant’ shall, without prejudice to section 21 of the Indian Penal Code, also include any person acting in his official capacity under the Central Government or the State Government.” The Section 4 of the lapsed bill provided for 10 years punishment for the act of torture as defined above. It said that when torture is committed for gaining a confession or other information for detecting an offence, and if it is committed on certain grounds such as religion, race, language, caste, or any other ground, it shall entail punishment for “torture”. Significantly, the complaint has to be made by the victim of such torture within six months from the date on which the offence is alleged to have been committed. Further, it required that the prior sanction to prosecute the accused be taken from the concerned government. The Select Committee of the Rajya Sabha was of the opinion that “the definition of torture should be suitably expanded so as to make it consistent with the UN Convention and include offences under the Indian Penal Code. Torture of women and children should be given special consideration and attempt to torture should also be made an offence. The definition of public servant should include any government companies or institutions.” Even though the Bill was passed by the Lok Sabha, it did not sail past the Rajya Sabha. The Bill passed by the Lok Sabha was referred to a Select Committee of the Rajya Sabha which had recommended various amendments to the Bill but it soon lapsed when 15th Lok Sabha was dissolved. Intervention of the Supreme Court and the Law Commission Report When the world came to know of the custodial violence meted out to the Delhi University Professor G.N Saibaba, through an interview published by The Hindu on 08.04.2016, former Law Minister Dr. Ashwini Kumar decided to file a writ petition (WP(C) No. 738 of 2016) before the Supreme Court broadly praying for “ensuring an effective and purposeful legislative framework/ laws and its enforcement to fulfill the constitutional promise of human dignity and prevention of custodial torture”. The petitioner stated that the Prevention of Torture Bill, 2010 was already passed by the Lok Sabha and that the Torture Convention needs to be ratified by India through a legislative process. On 27.11.2017, the Supreme Court disposed of the writ petition on the basis of the statement of Attorney General Shri K.K Venugopal that the prayer made in the writ petition has been the subject matter of discussion in the Law Commission which has already made certain recommendations and that the report is being seriously considered by the Government. The Law Commission headed by Justice (Rtd) B.S Chauhan in its 273rd Report recommended the implementation of the Torture Convention by way of a new bill namely “The Prevention of Torture Bill, 2017”. The Law Commission recommended as follows: “While deciding on as to what amounts to torture by a public servant, the Commission has suggested definition of ‘torture’ wide enough to include inflicting injury, either intentionally or involuntarily, or even an attempt to cause such an injury, which will include physical, mental or psychological injury. The Commission went into the existing legal provisions and concluded that the Criminal Procedure Code, 1973 and the Indian Evidence Act, 1872 require amendments to accommodate provisions regarding compensation and burden of proof, respectively. Further, the Law Commission recommended amendment to Section 357B to incorporate payment of compensation, in addition to payment of fine, as provided under Section 326A or Section 376D of the Indian Penal Code,1860. The Commission also recommended that the Indian Evidence Act, 1872 required insertion of Section 114B to flag a presumption that in case a person in police custody sustains injuries, it is presumed that those injuries have been inflicted by the police, and the burden of proof shall lie on the authority concerned to explain such injury. In order to curb the menace of torture and to have a deterrent effect on acts of torture, the Law Commission recommended stringent punishment to the perpetrators of such acts. The new Bill to prevent torture was to provide for provisions where the Courts will decide upon a justiciable compensation after considering various facets of an individual case, such as nature, purpose, extent and manner of injury, including mental agony caused to the victim. However, the recommendations were not implemented by the Central Government by introducing the aforesaid amendments and the new law in the Parliament. Dr. Ashwini Kumar, the petitioner in the writ petition, filed an application (MA No. 2560 of 2018 in WP(C) No. 738 of 2016) before the Supreme Court with a prayer to implement the Law Commission recommendations which was dismissed by the Supreme Court on 05.09.2019 by a bench comprising of then Chief Justice of India Ranjan Gogoi, Justice Dinesh Maheshwari and Justice Sanjiv Khanna. The Supreme Court rejected the prayer for issuance of a direction to the Centre to enact a stand-alone law against custodial torture by holding that the Court cannot direct the Parliament to enact laws.Jeyaraj-Bennix Custodial Deaths : Questions About Lapses Of Magistrate In Ordering Remand Present Status of the Anti-Torture Bill India’s anti-torture bill has been in coma for almost 10 years now. When the question regarding the implementation of the Law Commission recommendations was discussed in the Supreme Court, it was informed on 22.01.2019 by the Central Government through Attorney General that the draft Prevention of Torture Bill, 2017 was referred to all the States for their inputs and comments and that only 8 states/UTs had responded as on that date. Even after considerable time has elapsed from the date of Law Commission report, the Prevention of Torture Bill, 2017 has not even been introduced in the Houses of the Parliament. The Home Minister Amit Shah had on the occasion of 50th foundation day of the ‘Bureau of Police Research and Development (BPRD)’ mentioned that the age of third-degree torture was over. Perhaps the first step in that direction would be a timely introduction of the Prevention of Torture Bill, 2017 so that India can conform, finally, to its international commitment of eradicating torture from the policing system.(Author is a Delhi based Lawyer. He tweets at @eminentjurist and may be emailed at [email protected])Subscribe to LiveLaw and help us provide quality journalism. Click here to subscribe. Next Storylast_img read more

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21 Apr
2021

New venue and format for SAMB event

first_imgThe Scottish Association of Master Bakers’ (SAMB) annual conference is to take place from 16-17 May, 2009 with a new venue and format.Staged at the Dalmahoy Hotel and Country Club in Edinburgh, it will start on the Saturday afternoon with technical sessions, followed by the presidential banquet with Abba tribute band, Feeva. On Sunday morning the SAMB will install its new president, Alister Asher.The delegate rate is £160 for a single occupancy room, or £221.75 for double occupancy. This includes all meals, teas and coffees, VAT and accommodation. Additional items are the registration fee and the cost of the presidential banquet.l For more information contact the SAMB on 0131 229 1401.last_img

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