Shortterm vacation rental advocates want new rules on November ballot

first_imgShort-term vacation rental advocates want new rules on November ballot August 28, 2018 KUSI Newsroom Posted: August 28, 2018 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsMIDWAY DISTRICT (KUSI) – You may have seen the signature gatherers, the petitions circulating throughout San Diego, asking for the new short term vacation rental rules set by City Council in July to be put on the ballot for the voters to have the final say.A group called, “Save San Diego Neighborhoods” gathered today to raise awareness about what they believe to be deceptive tactics Airbnb petition gatherers are using. They claim they have heard them say things like, “Sign this to support affordable housing.”Save San Diego published this press release outlining Tuesday’s event:Save San Diego Neighborhoods will be holding a press conference to raise awareness about the deceptive tactics Airbnb petition gatherers are using to lure local resident into signing their petition. Airbnb petition gatherers have been overheard saying that the petition is “supporting affordable housing to make it easier for people to get off the streets.”In truth, Airbnb is trying to overturn the City Council-approved short-term rental ordinance by collecting signatures to place a measure on the ballot. San Diegans deserve to know that they are actually signing and who is funding this effort.Save San Diego Neighborhoods will be joined by a broad coalition including Unite Here, Council President Pro Tem Barbara Bry, Councilmember Lorie Zapf and numerous local residents who are calling for an end to Airbnb’s deceptive tactics.KUSI’s Ashlie Rodriguez has the details. KUSI Newsroom, Categories: Local San Diego News FacebookTwitterlast_img read more

Google Earths new Carmen Sandiego game will awaken your inner gumshoe

first_img Online Gaming Can you find Carmen Sandiego in Google Earth’s new game? Google Earth It’s been almost 30 years, but Carmen Sandiego isn’t done jet setting around the globe and teaching us about it. The international master thief, a positive role model of course, has taught us the capitals of countries, the locations of historic events, and other geographical facts. Sandiego was such a staple for ’90s kids that Google said it’s releasing a series of games in Google Earth. The first, The Crown Jewels Caper, is available now and pays homage to the original franchise. You can play on web browser, Android or iOS. Your assignment from ACME is to track the elusive Sandiego from London to her hideout. You’ll use the magnifying glass to interview witnesses in different cities and gather clues. When you think you’ve figured out the next step, click the airplane icon to fly to the next city.”[O]ur game is an homage to the original. It’s for all those gumshoes who grew up with the chase, and for the next generation feeling that geography itch for the first time,” Vanessa Schneider, program manager at Google Earth, said in a blog post Wednesday.In January, Netflix released a reboot of the show. Gina Rodriguez lends her voice to Sandiego. The show announced its second season in February.Originally published March 13.Update, March 18: Added more details Carmen Sandiego game. Post a comment Google Tags 0center_img Share your voice 1:20 Now playing: Watch this: This $150 smartwatch lets kids call and text their parentslast_img read more

Banks may resist RBI pressure to cut lending rate despite repo rate

first_imgEven though Reserve Bank of India (RBI) is putting pressure on banks to transfer the recent repo rate cut benefit to customers, banking circles believe the general liquidity crunch is making it difficult to ensure full transmission.RBI) governor Shaktikanta Das will be meeting bankers on Thursday in an attempt to ensure conversion of the recent rate cut into cheaper loans, media reports say.The RBI slashed repo rate, the rate at which the central bank lends money to banks, by 25 basis point, to 6.25 percent, earlier this month responding to the subdued inflation figures and the need to add liquidity to push growth in a slowing global economy.However, industry experts believe the current liquidity situation of the economy does not favour a viable reduction in the lending rate by banks. They point out the marked mismatch between credit growth and deposit growth. Credit growth has taken off to 9.3 percent, bank deposits have growth only by 6.1 percent, according to estimates. Tinkering with the interest rate on deposits will further affect the deposit growth and hamper banks’ ability to extend more credit widening the marginal cost of lending rate (MCLR).Aditya Puri, HDFC Bank CEO, has said that lending rates can’t come down unless deposit rates brought down. “Banks are finding it difficult on the funding side,” the Times of India quoted Puri as saying. “Transmission of RBI’s rate cuts will depend on the time frame in which deposit rates go down. As long as there is a scarcity of deposits, and banks raise deposit rates, they cannot bring down lending rates.”Media reported in the last quarter that many banks increased deposit rates fearing a liquidity crunch in the system, pushing up their MCLR. Lenders are finding it difficult to mobilize deposits because of the rise in cash in circulation and mutual fund investments, Puri said. Falling bank interest rate will drive more investors to public provident fund (PPF) and post office deposits where the rates remain high.Puri wants the RBI to bring down the statutory liquidity ratio (SLR) or cash reserve ratio (CRR) to bring down the cost of funds of banks without a reduction in deposit rates.The RBI governor had told a press conference with Finance Minister Arun Jaitley in attendance that the “transmission of rates is very important, especially after the central bank announces a rate cut.””As already stated in our post-Monetary Policy Committee press conference, I am having an interaction with the CEOs and MDs of the banks, both public and private sector, which is now scheduled to be on February 21,” Das said. “We will discuss that issue with the banks and see what needs to be done.”The Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government of Prime Minister Narendra Modi has been trying to infuse more liquidity into the economy to general more jobs in as it is facing the general election 2019 in a few months. Credit growth is a primary necessity to ensure that the system regains liquidity.last_img read more