Joshua Buch, Kenneth L. Rhoda and James Talaga
Regulators in the UK and the USA recognize the need to assist borrowers that face a huge number of mortgage products with a multitude of fee combinations offered by a large number…
Abstract
Regulators in the UK and the USA recognize the need to assist borrowers that face a huge number of mortgage products with a multitude of fee combinations offered by a large number of lenders. For over 25 years they attempted to make the mortgage selection process more borrower‐friendly but, for many reasons, the efficacy of the chosen comparison tool, the Annual Percentage Rate (APR), is questionable. Because many consumers are either unwilling or unable to make price comparisons between mortgages based on the APR, we suggest replacing the APR with a new measure called the Annual Effective Rate (AER). The AER is based on the actual length of time the borrower expects to maintain the loan and the assumption that all up‐front loan costs are financed. In addition, we suggest that this comparison rate only be presented for true fixed‐rate loans and that all up‐front cost categories that are used in computing the AER be standardized.
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Michael Holquist (1990), one of the commentators on Mikhail Bakhtin’s monumental work, stated flatly that “human existence is dialogue,” and Ivana Markova (2003) declared that…
Abstract
Michael Holquist (1990), one of the commentators on Mikhail Bakhtin’s monumental work, stated flatly that “human existence is dialogue,” and Ivana Markova (2003) declared that “dialogism is the ontology of humanity.” Bakhtin (1985;1986) himself said that such dialogues are conducted by using “speech genres.” From another angle Kenneth Burke asked, “What is involved when we say what people are doing and why they are doing it?” and claimed – and showed – that this question can be best answered by using what he called the “grammar of motives,” which consisted of a hexad of terms: act, attitude, scene, agent, agency, and purpose. In this chapter, I examine, by using various examples, how the Burkean grammar is used in the construction of one speech genre or the other to achieve rhetorically effective dialogic communication.
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THE Programme of the Library Association Conference which reached us on April 22nd is one of much interest. Every year increases the difficulty of providing matter which has such…
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THE Programme of the Library Association Conference which reached us on April 22nd is one of much interest. Every year increases the difficulty of providing matter which has such appeal that members can say at the close that the time has been spent profitably. The pre‐print of the papers—a rather incomplete affair—raises the thought that Conference time could be better used than in discussions on such “Research Committee” matters as library vans and temporary buildings, excellent as we admit the enquiries and results of them to be. Yet this reflection is accompanied by the certainty that there have been few conferences which have not contributed something of material use to every participator and we still hold the view that more is learned in “a week at one than in months of hermit‐like seclusion.” That last quotation was written in the first edition of Brown's Manual and is valid to this day. Our representatives will write impressions after the event, not by way of detailed report, but as endeavouring to sum up what, if anything, material has been achieved. The report published by the Association usually gives the papers in extenso, but we wish its issue could be delayed long enough to provide more informative records of the discussions. As the best contributions occasionally come from the floor, the bare‐bones notes of the names of speakers and almost telegram‐like utterances they are supposed to have made, which have been the customary report, could be greatly improved.
WE hope that all London librarians will give full consideration to the project of the London Branch of the Library Association to provide a union catalogue of the non‐fiction…
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WE hope that all London librarians will give full consideration to the project of the London Branch of the Library Association to provide a union catalogue of the non‐fiction Stocks of Metropolitan libraries. They are to be asked if they will co‐operate in the scheme by providing cards of their Stock of uniform size, or by making some contribution (a more difficult matter this) to the cost of the catlogue. Such a catalogue kept at the Central Library for Students, combined with the telephone and general goodwill, would bring about a co‐ordination of libraties on a voluntary basis with results in good as yet scarcely realized. The idea is not novel; it was rejected a score of years ago as visionary or impractable. It may have been visionary then; it is not so now. Modern librarians simply must get together if they wish to avoid being made to do so.
THE Newcastle school, like most others, was established after the second world war to provide full‐time education in librarianship as an alternative to the part‐time system which…
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THE Newcastle school, like most others, was established after the second world war to provide full‐time education in librarianship as an alternative to the part‐time system which until 1946 was the only one available to the majority of librarians. At first most of the students were returning servicemen whose library careers had been interrupted by the war and they were followed by students direct from libraries, universities and schools. From a handful of students and one full‐time member of staff in the first year the school has grown steadily until there were 53 students and five staff during the session 1962–3 which was the last course held for the Registration Examination.
John F. Sacco and Gerard R. Busheé
This paper analyzes the impact of economic downturns on the revenue and expense sides of city financing for the period 2003 to 2009 using a convenience sample of the audited end…
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This paper analyzes the impact of economic downturns on the revenue and expense sides of city financing for the period 2003 to 2009 using a convenience sample of the audited end of year financial reports for thirty midsized US cities. The analysis focuses on whether and how quickly and how extensively revenue and spending directions from past years are altered by recessions. A seven year series of Comprehensive Annual Financial Report (CAFR) data serves to explore whether citiesʼ revenues and spending, especially the traditional property tax and core functions such as public safety and infrastructure withstood the brief 2001 and the persistent 2007 recessions? The findings point to consumption (spending) over stability (revenue minus expense) for the recession of 2007, particularly in 2008 and 2009.
ALTHOUGH the active European and Asiatic land war has not begun so far as the bulk of the English are concerned and there are no visible signs of war's ending, advantage has been…
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ALTHOUGH the active European and Asiatic land war has not begun so far as the bulk of the English are concerned and there are no visible signs of war's ending, advantage has been taken by many bodies to outline their after‐war proposals. Stale as we know that simple statement to be, we want to insist again that no one should be deflected for long from this reconstruction problem on the grounds that the decisive phases of war are still before us. Improbable as it seems, peace might “break out” at any time and might be catastrophic if food, clothing, homes and employment were not available on a scale at present scarcely dreamed. All the reports on reconstruction we have seen—of the Labour Party, N.A.L.G.O., the Educationists, as well as the more national ones, the Beveridge, the Uthwatt and those, so far as they exist, of the political parties, have common factors. The imperative of the moment is to relate these and to admit without party bias, the grounds of agreement so that some sort of work may begin. If this is not done—and who is to do it?—the whole of reform may be suffocated in a mass of indigestible verbiage. Libraries are vital, we say and believe, but in the general welter of words the many words of the excellent McColvin Report will not have fair consideration we fear. Our readers know that a strong committee of the Library Association has been giving assiduous study to the much shorter statement which is to embody library aspirations. We hope that it may not be long delayed, although we recognize that undue haste might lead to prolonged repentance.
THE year that is ending has not been a dramatic one from the library point of view, but it has been full of interest and activity. No outstanding library has been built or…
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THE year that is ending has not been a dramatic one from the library point of view, but it has been full of interest and activity. No outstanding library has been built or re‐modelled, but many quite interesting and effective ones have been added to the service; and there is a growing tendency for the library to enlarge its functions and to become a social centre as well as a place for reading and for the lending of books. The new plan leans towards the library on simple lines, with fewer divisions into apartments; indeed, the library in one room, the smallest models of which are the attractive new libraries at Halifax, forms a norm to which in a greater or less degree the new buildings approximate. Lectures, debating classes, listening groups and exhibitions increase. In respect of listening groups it may be said that the number of libraries now trying them is very large, but they cannot be said to be successful everywhere from the point of view of the mere numbers attending them. We hope this experiment will continue. Children's work increases in almost geometrical ratio to every other kind, and the time has come, as a writer remarks in a contemporary, that the children's librarians were organized.
By these we mean the parliamentary counsel responsible for drafting the many statutes and statutory instruments of every kind, against whom there has been much criticism in recent…
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By these we mean the parliamentary counsel responsible for drafting the many statutes and statutory instruments of every kind, against whom there has been much criticism in recent years for the mass of indigestible legislation, a little of it almost incomprehensible, inflicted on society generally. What prompts us to return to the subject, after so recently castigating it as “hurry scurry” law, is the Labelling of Food Regulations, 1970. Not that this particular measure is anything but good, but looking at it, one cannot help wondering what was the purpose of the 1967 Regulations; a useless exercise in law‐making, since they will never come into force, being precipitately revoked by the new ones. Nor does it seem to have been hurried legislation, since it followed the reports of the Food Standards Committee after a lapse of several years. However, instances in which measures have been rushed through the legislative process, to prove subsequently inadequate, perhaps unworkable in parts, and sometimes completely disastrous, are multiplying during the life of the last Parliament. This may not always be the fault of the ligislature, for sometimes a new problem emerges or grows so rapidly that the law cannot keep up with it; then there is excuse for measures being rushed through to cope.