Category Archives: Home Mortgage
Event Tracking: Li Hua Mortgage Behind 20 Tons Of Tainted Milk
Core tips Sanlu milk powder After the incident, Weinan quality control department in September to November stationed in Dali Lai Chinese company, the company’s September 14, 2008 production of milk powder, according to inventory and destruction of records required to do investigation, clear, but the company management confusion, Sell Ledger records were incomplete, not the previous sale (mortgage) of 20 tons of powdered milk to Ma Shuanglin credited Ledger, resulting in the omission of clear work, led to the September 14, 2008 production Melamine Excessive milk flow to the community??
2 Dali County, Weinan City in early, cold wind blow on one’s face, busily running the entire county.
Problem milk powder incident stirred the small town of this simple: Li Hua in Shaanxi Dairy Co., Ltd. jumped into more perspective.
2 4, just finished working meeting of the Dali County Public Security Bureau of Economic Investigation battalion Guo-Qiang Ma told reporters, “This is (the problem milk powder case) lead first time dealing with the county to monitor the Council’s affairs, quality departments and the police to help set up the ad hoc group, Dali county government on this matter very seriously. “
Lok Hong dairy milk powder problem from the inside Dali Lai Chinese dairy company outflow. The focus of local government business website, the Lai Wah Dairy impressively: agricultural industrialization leading enterprise, Weinan City Dairy Processing of key enterprises, Weinan City, the National Agricultural Technology Park industry leading key enterprises, and banks “AA grade credit enterprise” and “integrity unit” and “Excellent Enterprise”. Lai Chinese dairy base construction company and Dairy products Processing projects, key projects are in Weinan City and Dali County, “Eleventh Five-Year Plan” Key industrial projects.
Xi’an Dairy Association Secretary-General Wang Weimin that Lai Wah small dairy. Dali County Business Council, Deputy Secretary Chao Chai war but that the company is not small, is the focus of local businesses. Lai Wah Dairy’s website revealed that the company was founded in June 2003, annual output of 3,000 tons of milk powder, the sales income 78 million yuan, nearly a thousand million profit, tax can be paid 3 million yuan.
Lai Wah Dairy is located in Dali County weilinzhen di 111, near the village, most farmers are in the vicinity of breeding cows for a living, hanging close to the West Zhai Xiang “Shaanxi cattle first,” and the signs . In a village in the vast, Lai Wah factory is a modern dairy is visible: electric gate tightly closed, occasional individual wearing a blue uniform and out of factory workers. “Our factory has been discontinued more than six months, and pay wages for it, only 20 to individuals responsible for cleaning.” Kotelshchik Li master some frustration.
“Li Hua,” no milk records destruction
“Le Sport” bad faith compliance report fraud
“Our plant is not in the surrounding villages like milk, do not know where they came from all over the country have it. Managed a very strict quality control should be.” Master Li is not clear, it is their companies to Ma Shuanglin sold melamine exceeding 20 tons of milk powder. Dali County Bureau of Quality Supervision Office, Renwang Xin said, “Dairy is a special industry, each batch must be tested and to demand inspection of the sample are then sent to quality control inspection, quality inspection departments at least every quarter go check again, this is a routine inspection system, it is not temporary checks. As of now, Lai Wah Dairy has always been a legitimate business. “
2007, the Lai Wah joined the Shaanxi Provincial Dairy Dairy Industry Association.
Weinan Bureau of Quality Supervision Zhang Hongsen Food Control Section in the February 8 press conference: problems in the milk is Mashuang Lin in January 2008 to August continue to buy music Hong dairy sold after the . “This reporter noted that lead to a large national dairy industry Earthquake The “Sanlu incident” had not yet exposed.
Provincial Public Security Bureau on February 3 that the Sanlu incident, quality supervision departments of China stationed in Lai, and September 14, 2008 production of milk powder to troubleshoot problems, destruction.
Low Mortgage Rates Help Canadian Housing Market Rebound
Housing Sales Continue To Grow
The CREA report for June, 2009 had some very encouraging numbers:
Sales in June were up 8.7% from May, 2009.
June sales were 17.9% higher than those in June of the previous year.
Increased sales and fewer new listings have caused inventories to drop to their lowest levels since August, 2007. Low inventories are important to ensure that price increases become more widespread.
Average home prices increased by 1.7% over June, 2008.
Increases were recorded across the country, but were especially strong in the west. B.C. led the way with nearly 40% more homes being sold year over year. Double-digit gains were made elsewhere too: Saskatchewan was up 25.2%, Alberta 22.2%, and Ontario 15.7%.
CREA also predicts that activity in the second half of the year will match or exceed the results in the first half.
There are many reasons for the robust performance of Canada’s housing market. It seems Canadians learned a lot from the real estate bust of the early 1990s. Because of that experience, the Canadian government introduced tighter rules for borrowing money, which helped Canada avoid the type of subprime lending that caused so much damage to the U.S. housing market.
Another key difference between this recession and the previous housing bust is interest rates. In the early 1990s, borrowing costs were rising, but this time around, interest rates have been very low. As reported in the Calgary Herald, Millan Mulraine of TD Securities noted that Canada’s relatively stable housing market and healthy banking sector allowed homebuyers to take full advantage of lower interest rates and lower prices.
Housing Starts Are Also Up
Another positive sign emerged in the market for new homes. Housing starts were up 8% in June over May of 2009. Again, the results were strongest in western Canada, where urban housing starts in the Prairie provinces increased by 60% and those in B.C. jumped by 25%. In Ontario and Québec – hard hit by manufacturing job losses – the numbers were not as strong. Ontario had an increase of only 3% in urban housing starts, while Québec experienced a decline of 6%. Atlantic Canada also experienced a drop of 4%.
Overall, the numbers for housing starts were much higher than analysts had expected.
All told, the figures for June housing sales and starts seem to indicate that the Canadian housing market is gaining strength. And with mortgage rates still affordable, this may be an ideal time to shop for a new home.
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