Mortgage rates  4.15

Mortgage rates  4.15. Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS), showing mortgage rates, fixed and adjustable, reaching all-time record lows providing further incentive for those homeowners looking to refinance. The 30-year fixed-rate mortgage (FRM) averaged 4.15 percent with an average 0.7 point for the week ending Aug. 18, 2011, down from last week when it averaged 4.32 percent. Last year at this time, the 30-year FRM averaged 4.42 percent. The 30-year fixed average of 4.15 percent, breaks the previous record low of 4.17 percent set on Nov. 11, 2010.The 15-year FRM averaged 3.36 percent, with an average 0.6 point, down from last week's totals when it averaged 3.50 percent. Last year at this time, the 15-year FRM averaged 3.9 percent.

"The Federal Reserve's policy statement last week and ongoing market concerns over the European debt market carried momentum into this week allowing all mortgage products in our survey to reach all-time record lows," said Frank Nothaft, vice president and chief economist for Freddie Mac. "For instance, 30-year fixed mortgage rates are now the lowest in over 50 years. In comparison, the Bureau of Economic Analysis estimated the average effective mortgage rate was about 5.3 percent on single-family loans outstanding during the second quarter of 2011."

The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.08 percent this week, with an average 0.5 point, down from last week when it averaged 3.13 percent. A year ago, the five-year ARM averaged 3.56 percent. The one-year Treasury-indexed ARM averaged 2.86 percent this week with an average 0.6 point, down from last week when it averaged 2.89 percent. At this time last year, the one-year ARM averaged 3.53 percent.

"Not surprising, many homeowners took advantage of this low mortgage rate environment and have already refinanced their loans," said Nothaft. "The refinance share of applications averaged nearly 70 percent of all mortgage activity in the first half of this year, according to our survey. In addition, an increasing share of refinancing borrowers chose to shorten their loan terms during the second quarter, according to Freddie Mac's Quarterly Product Transition Report."

Eliot Spitzer $60 million

by Newspark | 15:19 in |

Eliot Spitzer $60 million
Eliot Spitzer $60 million. One year ago today, Eliot Spitzer wrote a column for Slate called "They Still Don't Get It." Now, he is being sued for allegedly defaming the characters of two former Marsh & McLennan Cos executives. Though Spitzer did not mention the two by name, William Gilman and Edward McNenney say that it is obvious that they are subjects of his column.

Gilman is suing him for $60 million, and McNenney is seeking $30 million.

Gilman and McNenney were both longtime employees of Marsh when, in 2004, then-Attorney General Spitzer opened a probe into the company's activity.

(Marsh ultimately settled the suit to the tune of $850 million in 2005.)

Following the settlement, eight executives at the company were indicted in the probe, but in 2010, the judge threw out those convictions due to new evidence.

Spitzer, by then writing for Slate, reacted by penning the column in question, which detailed kickbacks and other wrongdoings -- and by which Gilman and McNenney apparently feel implicated.

Spitzer has thus far declined to comment on the lawsuits.

Source: businessinsider

Beautiful Natural Caves

by Newspark | 15:18 in , , , |

Beautiful Natural Caves
 A collection of beautiful natural caves pictures around the world.








Canada's most beautiful national parks
Although America's Yellowstone was the world's first national park, Canada was the first country to create an agency specifically devoted to national park creation, management and preservation. Parks Canada celebrates its 100th birthday this year, and in a century of park stewardship it has safeguarded some of the world's most famous landscapes and icons, including the Prince of Wales Hotel in Alberta's Waterton Lakes National Park. Parks Canada's scope includes 10 World Heritage Sites and four UNESCO Biosphere Reserves, ranging from remote marvels to easily accessible human playgrounds. Fourteen of our favourites follow.
While Pacific Rim National Park in British Columbia has impressive groves of old-growth Sitka spruce and surf-washed scenic headlands, it is also Western Canada's surfing capital. Almost any day, the parking lot at the park's famous 16-kilometre-long Long Beach is filled with surf wagons — including old-fashioned "woodies," lovingly restored — and young wave zealots scanning the horizon for incoming swells. Nearby Tofino, on the west coast of Vancouver Island, is a delightfully laid-back former timber town with lodging and dining that ranges from ultra-deluxe to funky-chic.
One of Canada's newest national preserves, Gulf Islands National Park in B.C., spreads across its namesake chain of marvellous islands in the Salish Sea northeast of Victoria. The park encompasses mountaintop vista points, remote islands reached only by boat, historic homesteads and peaceful meadows ringed by forest. One of the most popular parcels is Sidney Spit, a deliriously lovely stretch of white sand reached by water taxi from its namesake small town near Victoria International Airport.
Once upon a time, Jasper National Park's Athabasca Glacier was one of North America's roadside wonders: This arm of the vast Columbia Icefield stretched almost all the way down to Alberta's Icefields Parkway, which carries tourists between Banff and Jasper. It is the most visited glacier in North America. But global warming has melted the glacier back 1.5 kilometres from the roadway, and visitors must now trek along a path whose interpretive signs mark the years of the glacier's retreat. Set amid spectacular snow-clad peaks in the Canadian Rockies, this is one of the best places anywhere to witness anthropogenic climate change.
Alberta's Banff National Park holds one of the world's most familiar and most photographed mountain views, that of Lake Louise with snowy peaks behind. An equally impressive view is just up the road from Louise at Moraine Lake, which also offers breathtakingly gemlike turquoise water backed by snowy peaks — and far, far fewer visitors than at Lake Louise, whose shoreline promenade on a busy summer day draws thousands of bus-borne tourists.
A large escarpment rising above the Manitoba prairie holds Riding Mountain National Park, whose aspen parkland forest and clear freshwater lakes comprise a lovely landscape. Lakes entice swimmers, anglers and boaters; moose are a common sight; and the display of wildflowers in the woods and meadows in early summer is beautiful. Wolves, bears, bison and other wildlife are also common, and migratory waterfowl visit the park May through October on their journeys north and south. The park is a UNESCO Biosphere Reserve.
While the Bay of Fundy is famed for the world's greatest tidal flux — 17 metres — it is also an exceptionally beautiful body of water on the Atlantic coast of New Brunswick and Nova Scotia. Fundy National Park embraces saltwater shoreline, rocky headlands, inland forest and waterfalls, and a tantalizing array of recreation amenities. There is a heated saltwater swimming pool, a golf course, several lakes, tennis courts, campgrounds and yurts for overnight visitors — even a lawn bowling venue.
Gwaii Haanas National Park, one of Canada's great treasures, encompasses the lower portion of Haida Gwaii, the remote Pacific islands formerly known as the Queen Charlottes. Among the attractions in Gwaii Haanas is SGang G'waay (Anthony Island), a World Heritage-designated historic Haida village today guarded by Haida Watchmen who welcome visitors and explain their rich culture. At nearby Hot Springs Island, adventurers can relax in hot mineral water pooled just above the restless ocean — one of the few such sites on Earth. With no road access and no commercial services, Gwaii Haanas is best visited by using one of the wilderness tour operators licensed to travel in the park.
The more than 60 islands and islets in Georgian Bay Islands National Park occupy a corner of Lake Huron north of Toronto. Reached only by boat, with no commercial development, the islands comprise a paddling paradise for canoeists and kayakers. The exposed rocks and headlands typify the geologically famous Canadian Shield landscape; white pines provide green contrast to the glacier-smoothed rock. Wildlife is profuse, and paddlers can easily find peace and quiet during day trips or overnight journeys.
It takes two days of driving from Edmonton to reach Wood Buffalo National Park, which straddles Alberta and the Northwest Territories. This peaceful park's aspen woodlands are home to one of the largest indigenous bison herds on Earth, a wood bison population that has lived and thrived here for thousands of years. That's the reason this park is on UNESCO's World Heritage list. Bigger than plains bison, wood bison are impressive animals best viewed at a safe distance. Lynx, bears and many migratory birds also are found in the park, which is rarely visited by anyone except nearby residents.
The mountains that comprise Newfoundland's Gros Morne National Park represent the tectonic forces of continental drift, cut off from the mainland and eroded by time into a fantastic landscape that includes a plant-bare region known as the Tablelands. Freshwater fjords, sea stacks, sandy beaches and glacially carved valleys offer spectacular scenery; wilderness hiking and beachcombing afford peace and quiet. Gros Morne was declared a World Heritage Site in 1987 for both its scenic beauty and fascinating geology.
When Viking adventurers led by Leif Eriksson discovered eastern Canada about 1,000 years ago, they found the area so pleasant they named it Vinland, and conducted a thriving trade shipping timber and wild grapes back to Greenland. One of the Norse settlements, at what's now L'anse aux Meadows National Historic Site in Newfoundland, was a few years later the first place in North America that iron was smelted. Visitors today can see reconstructions of Viking sod homes, and learn more about the excavations that finally settled the question of whether Scandinavian peoples had ever reached North America. They had indeed, and the historic significance of the place drew its World Heritage designation in 1978.
Once a commercial and military waterway that was key to the early industrial growth of eastern Canada, Rideau Canal National Historic Site has been transformed into a European-style cross-country water and recreation path. Its 202 kilometres are operated by Parks Canada for boaters, bicyclists and pedestrians who follow the route from Ottawa to Kingston, Ont. Built in 1832, it's the only such historic canal in North America still in operation, and was granted World Heritage designation in 2007. Some of the canal's 45 locks are still operated by hand.
Preserving a spectacular section of Baffin Island in Nunavut, Canada's Inuit territory, Auyuittuq National Park is a remote, windswept, scenic and un-peopled preserve to which a visit is a lifetime adventure for most. Here are steep-walled fjords, forbidding mountain peaks — one was featured in "The Spy Who Loved Me," — and hiking treks only for experienced wilderness travellers. The most popular of these is the 97-kilometre journey through Akshayuk Pass. Mount Thor, near the Akshayuk Valley, has a 1.25-kilometre cliff face, the longest such uninterrupted drop in the world.
One of the lesser-known parks in the Canadian Rockies, Kootenay National Park is the home of one of the most enticing visitor amenities in the region. Radium Hot Springs' large pool allows hundreds of bathers to soak in soothing, warm, mineralized waters whose namesake trace ingredient, radon, is mildly radioactive — though safely so, less than an illuminated watch dial. Because the water is colourless and odourless here, bathers who dislike the sulphur smell at most hot springs embrace these relaxing waters.

Tom's Top Gun squadron
Tom Cruise is reprising his Top Gun role in real life - and is well on his way to having his own fighter plane squadron.
He was seen inspecting his latest flyer, a Second World War Mustang P-51 which he is believed to be buying for £1.8 million.
Tom, 44, took friends along to Bob Hope airport in Burbank, California, to show off the plane and an onlooker said: "He was like a kid with a new toy."
Tom Cruise is reprising his Top Gun role in real life - and is well on his way to having his own fighter plane squadron. Above: Tom with Kelly McGillis in the 1986 film 'Top Gun'

He already owns a Mustang P-51, a refurbished 1943 model, which he keeps in a hangar at Bob Hope airport.
He also has a stunt plane called the Pitts Special S-2B and in the late Nineties spent £21million on a Gulfstream IV jet, which he fitted with a cinema and a deep Jacuzzi.
The onlooker said of Tom's newest addition to his squadron: "He could not wait to check out the plane and was talking about his plans to take it out for a first spin. The other pilots are all very jealous because it's very impressive."

Tom has been fascinated by flying since starring in Top Gun in 1986 with Kelly McGillis, who played an aviation instructor he finds romance with.

He gained his pilot's licence in 1994 and last year he had 'Kiss Me Kate' inscribed on the nose of his first Mustang in an affectionate gesture towards his 28-year-old actress wife Katie Holmes.
His latest Mustang makes him even more of a flying rival for fellow Scientologist and actor John Travolta, who owns three Gulfstream jets, a Learjet and a customised Boeing 707B, which he keeps outside his home in Florida.
The Mustang entered service in the middle years of the Second World War. It was designed in America to meet British requirements and was used by the RAF and the US Air Force.
It flew on reconnaissance missions and as a bomber escort in raids over Germany, making use of its speed and versatility.
It is one of the most recognisable planes from that era and later gave its name to the Ford Mustang coupÇ.
The second Mustang P-51 is the latest example of Tom splashing out recently. He has bought an £18 million seven-bedroom dream home for Katie and his children Isabella and Conor and new baby Suri in Beverly Hills.
It is close to their friends David and Victoria Beckham, who have snapped up an Italian-style villa for £11 million.
Tom also spent £50,000 on a custom-made Vyrus 985 motorbike which he had shipped from Rimini in Italy after seeing a model in a Californian showroom.


Source:dailymail

UNESCO World Heritage Sites
 

Tourists visiting the Buddhist Sculpture Grottoes Lunmen ("Drakensberg Gate") near the city of Luoyang in Henan Province, China. At this point, there are more than 2300 caves, 110 000 Buddhist images, more than 80 Dagobah (Buddhist mausoleums), containing relics of Buddha, as well as the 2800 inscriptions on rocks near the river Ishuy length of a kilometer. For the first time in China, Buddhism was introduced in these places during the reign of the Eastern Han Dynasty. 



Bayon Temple in Cambodia, famous for its many gigantic stone faces. In the region of Angkor temples there are more than 1,000, ranging from nondescript piles of brick and rubble scattered among rice fields to the magnificent Angkor Wat, which is considered the world's largest single religious monument. Many of the temples at Angkor have been restored. Every year they are visited by more than a million tourists.


One part of the archaeological site of Al-Hijr - also known as Madain Salih. This complex, located in the northern regions of Saudi Arabia was added to UNESCO World Heritage List July 6th 2008. The complex includes 111 rock tombs (I century BC. E. - I century BC), and a system of waterworks, dedicated to the ancient Nabatean city of Hegra, which was the center of caravan trade. Also, there are about 50 inscriptions on the rocks belonging to donabateyskomu period.


 The Falls "Garganta del Diablo" («Devil's Throat" are located in the Iguazu National Park in the Argentine province of Misiones. Depending on the level of water in the river Iguazu, in the park is from 160 to 260 waterfalls, as well as over 2,000 varieties of plants and 400 species of birds. Iguazu National Park was inscribed on the List of World Heritage in 1984.


The mysterious Stonehenge megalithic stone structure consisting of 150 huge stones, and is located on Salisbury Plain in the English county of Wiltshire. This ancient monument is believed to have been built in 3000 BC Stonehenge was included in the UNESCO World Heritage list in 1986. 


Tourists walking in the pavilion Bafang's Summer Palace, a famous classic imperial garden in Beijing. Summer Palace, built in 1750 was demolished in 1860 and renovated in 1886.He was included in the World Heritage List in 1998.


The Statue of Liberty at sunset in New York. "Lady Liberty", which gave the United States, France, stands at the entrance to the harbor of New York. She was listed as a World Heritage Site in 1984.


"Solitario George" (Lonely George), the last living giant tortoise of this species, was born on the island of Pinta, lives in the Galapagos National Park in Ecuador. She is now about 60-90 years. The Galapagos Islands were originally included in the World Heritage List in 1978 but in 2007 were marked as being under threat of year. 


People skating on ice in the channels of mills of Kinderdijk, inscribed on the List of World Heritage sites by UNESCO and is located near Rotterdam. Kinderdijk is located in the largest collection of historic windmills Netherlands, in addition, this region is one of the main attractions in South Holland. Making holidays balls passing here, gives a flavor of this place.

  View of the Perito Moreno glacier, located in the National Park Los Glaciares National Park, in south-eastern Argentine province of Santa Cruz. This place was listed as a UNESCO World Natural Heritage in 1981. The glacier is one of the most interesting tourist attractions in the Argentine Patagonia and parts of the 3rd largest glacier in the world after Antarctica and Greenland.


 terraced gardens in the northern Israeli city of Haifa, surrounded by golden-domed Shrine of the Bab, the founder of the Baha'i faith. There is a global administrative and spiritual center of the Baha'i religion, the number of believers that the world less than six million. This place was declared a World Heritage Site by UNESCO July 8, 2008. 


Aerial view of St. Peter's Square at the Vatican. According to the website of World Heritage within this small state is a unique collection of artistic and architectural masterpieces. The Vatican has been included in the World Heritage List in 1984.


Colorful underwater scene of the Great Barrier Reef in Australia. In this thriving ecosystem is the world's largest collection of coral reefs, including 400 species of coral and 1,500 species of fish. Great Barrier Reef was inscribed on the List of World Heritage in 1981.


Camels resting in the ancient city of Petra in front of the main monument of Jordan, Al-Khazneh or treasury, presumably representing a tomb of Nabataean king, carved from sandstone. This town, situated between the Red and Dead Seas, located at the crossroads of Arabia, Egypt, Syria and Phoenicia. Peter has been listed as World Heritage Site in 1985. 


Sydney Opera House - one of the most famous and recognizable buildings in the world, which is a symbol of Sydney and one of the main attractions of Australia. Sydney Opera House is included in the program of World Heritage in 2007. 


 Cave paintings made by people in the San tribe of the Drakensberg Mountains, located in eastern South Africa. San tribe people lived in the area Drakensberg thousands of years until they were destroyed during the clashes with the Zulus and white settlers. They left behind an incredible rock paintings in the Drakensberg mountains, which have been made to UNESCO's World Heritage program in 2000.


 General view of the city of Shibam, located on the eastern Yemeni province of Hadhramaut in. Shibam is famous for its incomparable with anything comparable to the architecture, which is included in the UNESCO World Heritage program. All the houses here are built of mud bricks, approximately 500 homes can be considered high-rise, as they have a 05/11 floors. Shibam is often called "the oldest city in the world of skyscrapers," or "deserted Manhattan," is also the oldest example of urban planning based on the principle of vertical construction.


Gondolas on the shore of the Grand Canal in Venice. Visible against the background of the church of San Giorgio Maggiore. Venice Island - a seaside resort, the center of international tourism of global importance, the venue of international film festivals, art and architecture exhibitions. Venice has been included in UNESCO's World Heritage program in 1987. 


 Some of the 390 abandoned huge statues of compressed volcanic ash (moai on Rapa Nui language) at the foot of the volcano Rano Raraku on Easter Island, 3,700 km off the coast of Chile. National Park of Rapa Nui is included in the program of UNESCO World Heritage Site since 1995.


Visitors walk along the Great Wall of China near Simatay, northeast of Beijing. This is the largest monument was built as one of the four main strategic strongholds to defend against the invasion of tribes from the north. Great Wall length 8851.8 km is the largest ever completed construction projects. It was included in the World Heritage List in 1987.


Temple in Hampi, near the southern Indian city of Hospet, north of Bangalore. Hampi ruins of Vijayanagar is located in the middle - the former capital of the empire Vidzhayanagarskoy. Hampi and the monuments were included in the list of UNESCO World Heritage site in 1986. 


Tibetan pilgrim prayer mill rotates in the Potala Palace in Lhasa, capital of Tibet. The Potala Palace - a royal palace and Buddhist temple complex, which was the main residence of the Dalai Lama. Today the Potala Palace is a museum, is actively visited by tourists, while remaining a place of pilgrimage of Buddhists and continue to use the Buddhist rituals. In view of the enormous cultural, religious, artistic and historical significance, introduced in 1994 as a UNESCO World Heritage Site. 


 Inca citadel of Machu Picchu in the Peruvian city of Cuzco. Machu Picchu, especially after obtaining the status of UNESCO World Heritage Site in 1983, became the center of mass tourism. On the day visited town of 2,000 tourists, with a view to the preservation of the monument by UNESCO calls for reducing the number of tourists per day to 800.


The Buddhist pagoda in Kompong-Mount Koya Daito, in the province of Wakayama, Japan. Mount Koya, is located east of Osaka, was listed as a UNESCO World Heritage site in 2004. In the first settled here 819 a Buddhist monk Kukai, the founder of Shingon, a branch of Japanese Buddhism.


Tibetan women walking around a stupa in Kathmandu Bodhnath - one of the oldest and most revered Buddhist shrines. On the faces of the tower crowning it shows the "eyes of Buddha", inlaid with ivory. Kathmandu Valley a height of about 1300m - mountain valley and the historic area of ​​Nepal. Here there are many Buddhist and Hindu temples from the stupa Bodnath to tiny altars in the street walls. Local residents say that living in the Kathmandu Valley of the Gods 10 million. Kathmandu Valley was added to the World Heritage List in 1979.

 A bird flies over the Taj Mahal - the mausoleum-mosque, located in the Indian city of Agra. It was built by Mughal emperor Shah Jahan in memory of his wife Mumtaz Mahal, who died in childbirth. Taj Mahal was made by UNESCO's World Heritage List in 1983. An architectural marvel and was named one of the "New Seven Wonders of the World" in 2007.

 Located in north-eastern parts of Wales, the 18-mile aqueduct Pontkisillte - a feat of civil engineering since the Industrial Revolution, which was completed in the early years of the 19th century. After more than 200 years after its discovery is still in use and is one of the most congested parts of the UK network channel, passing about 15 000 boats a year. In 2009, the aqueduct Pontkisilte was listed in UNESCO World Heritage List as a "milestone in the history of the Civil Engineering of the Industrial Revolution." This aqueduct - one of the most unusual monuments of plumbing and water supply


A herd of elk grazing in the meadows of Yellowstone National Park. Visible against the background of Mount Holmes, left, and Mount Dome. In Yellowstone National Park, which occupies nearly 900 hectares, has more than 10,000 geysers and hot springs. Park was included in the World Heritage Site in 1978.

The Cubans are going on an old car on the waterfront "Malecon", Havana. UNESCO has made Old Havana and its fortifications in the World Heritage List in 1982. Although Havana has grown and has a population of more than 2 million people, its old center retains an interesting mix of monuments in Baroque and neo-classical and homogeneous ensemble of private houses with arcades, balconies, wrought-iron gates and courtyards.