JUDY WOODRUFF: As we reported earlier, the North Carolina Elections Board will set a
new election date for the state's Ninth Congressional District after charges of fraud in the vote.
For more, I'm joined again by Miles Parks of NPR.
He's in Raleigh, North Carolina.
Miles Parks, hello again.
So, tell us what happened today that led to the elections board making this decision.
MILES PARKS, NPR: So, it was a pretty incredible day overall.
And that's saying something, considering every single day of this hearing since Monday has
been -- has had at least one or two incredible moments.
Today was the day we were supposed to hear from Mark Harris, who took the stand early
in the morning and testified all morning about what he knew about this absentee ballot fraud
that investigators have been laying out over the past few days.
It centered on a political operative named McCrae Dowless, who Harris had actually hired
himself to work on upping the absentee ballot totals in the eastern part of the district.
More and more evidence has come out that suggests that Dowless was using tactics that are illegal
in North Carolina, collecting ballots.
One woman even testified that she filled in some ballots for voters who let them blank
when they turned in their ballots to her.
So it was getting more and more clear that the election results were tainted.
And then today we actually had a bipartisan vote, a 5-0 unanimous vote, from the state
board of elections, to hold a brand-new election and throw out the results from November.
JUDY WOODRUFF: So, as we reported earlier, Harris today, who was the Republican -- had
been the Republican winner, is now calling for a new election.
But up until now, he has denied any wrongdoing.
Isn't that right?
MILES PARKS: He has.
And he still didn't say anything today that indicated he knew about the illegal behavior
by Dowless and people Dowless was paying.
But it became very clear that his argument over the past few months that he wasn't warned
about Dowless' tactics wasn't going to hold water anymore.
Yesterday, we heard testimony from Harris' son, John Harris, who's an assistant U.S.
attorney in North Carolina.
He testified that he warned his father that he had done data analysis on the 2016 election.
He had looked into the candidate who had been paying Dowless.
And he had a hunch that Dowless was a -- quote -- "shady character" who was engaged in illegal
activity.
His own son warned him.
JUDY WOODRUFF: So, so Harris' contention, is this right, Miles Parks, is that he knew
nothing about what was going on, even though he'd been warned by his son?
MILES PARKS: Right.
He's arguing that he didn't know anything about the illegal behavior.
His son was telling him that he thought illegal behavior could be happening, based on some
publicly available data.
He was looking -- he was looking at basically how ballots were being turned in to the local
elections board.
They were coming in, in batches, as John Harris said.
So he suspected something.
But McCrae Dowless, the political operative who was guaranteeing these absentee ballots
for Mark Harris, said: No, we never touched the ballots.
I know that's illegal.
I would never do that.
And Harris says he took the word of the political operative, over the warnings of his son.
JUDY WOODRUFF: So, finally, we don't know the date of this reelection.
We assume it'll be held within the next several months.
Any sense of whether voters are going to start from scratch there or which side has an advantage
going in?
MILES PARKS: The biggest thing right now is actually looking at the primaries.
North Carolina passed a law a few months ago that said, if you hold a new general election
for a statewide race, you have to hold a new primary as well.
So, at this point, what we're really curious about is, is Mark Harris going to run again?
He hasn't said one way or the other yet, obviously because the election was just called recently.
But then the question is, even if he does run again, will he get the support of Republicans
in North Carolina, with all of this baggage from this weeklong hearing?
Will he be able to gather that statewide support to even run again against Democrat Dan McCready?
JUDY WOODRUFF: Big development today in North Carolina, calling, as you say, for a brand-new
election.
Miles Parks of NPR, thank you.
MILES PARKS: Thank you.
For more infomation >> Do-over election in N.C. congressional district requires new primaries - Duration: 4:15.-------------------------------------------
The Tailor of Enbizaka | Animatic - Duration: 6:24.
In St. Petersburg, one young man runs a shop
she -> he but you know this ok
just dont say its a girl or its Philip bc no Its Vladimir Lensky, enjoy
In St. Petersburg, the hush has become routine
Beautiful and prim with a crimson bow on,
Seems like our little city is starting to come undone
You'd sooner have her than your love, have you any shame?
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How to create Alita: Battle Angel style anime eyes - Duration: 2:17.
For more infomation >> How to create Alita: Battle Angel style anime eyes - Duration: 2:17. -------------------------------------------
Are walking cops cleaning up downtown? - Duration: 2:38.
For more infomation >> Are walking cops cleaning up downtown? - Duration: 2:38. -------------------------------------------
Class C girls semifinals - Duration: 1:01.
For more infomation >> Class C girls semifinals - Duration: 1:01. -------------------------------------------
Tattoo in the countryside of japan - vlog 10 - Duration: 9:11.
hello everybody now it's, what time now
7:30am
we woke up early because today we are going to the movies
finally Aquaman is out
so we are going to watch Aquaman, yeah I love Japan and I love movies
and movie theather are not really popular here, expetially in kagohima
movies always takes lot's of time to get here
and when it gets, just wakeup and just go
let's go, see you in the theaters
this is one of the few things I don't like about Japan, don't like in Japan
movies, one of my favorite hobbies from all times
was watch movies, I just loved to go to the theathers
but here the movie takes too much time to come so..
and most of them don't even come here it's really frustrating because I just love
movies and finally Aquaman is out
I am defitanaly going to watch it today today it's the first day and.. yes, I am super exited
hope this movie is good
let's go
and just one more thing
stick until the end of the video because today I am going to a special place, you will see it
we got here, before we go inside I will show
you how beautiful this place is let's go
finished
wow, this movie is just wow
the best, I loved this movie, wow let's go
so we finished the movie, now let's get the car and stop at softbank
to see the prices of wifi router
and today we are going to a Onsen, hot spring
let's go
this watch you just saw is a playcenter
it's very common here in the shopping malls, they always have this kind of gaming places
here you can just come with your family, as you saw, there is a lot of kids here and it's
not so expensive so it's fun, you can spend your whole day if you want
too many people, I just want to go to Softbank,
yesterday I went to AU so today I want to go to Softbank
I need a internet for my roadtrip in April need to upload my videos and also work, but
it is just too expensive they are charging like 4800yen, about $40,
for me to get a mobile router witch will give me like 10GB, too much money for just 10GB
and also I need to sign like a 2 years contract, it's too long
let's see if Softbank has something better to offer today, because AU is just impossible
now 50km, let's go to this public bath, it's public bath right?
it's a Onsen it's very nice, I hope it's a nice place,
never been there, but let's find out it costs like just 350yen, like $3, so let's
see how it's like and also I have 100yen coupon
let's see how this place is like, I think it will be nice, let's go
Yoshi, we are here
we are at city called Ei, Ei-chou
it's a really local Onsen
I don't know if you can see from here
let's go
finished Onsen, ofuro just took a bath, here is a public bath so
I couldn't record inside
it's like men and women separated
now we are going to have some dinner really nice, it's really local and country side
look, they have like a TV
it's a nice place let's see how the food is like
one fun fact about Kagoshima, food here is sweet
everything is sweet and this is what I love about Kagoshima
they have this Katsudon what I am eating and it's very sweet
it's Oishi like they say "umakado" as local people says
it's really good
tea, here you can get tea from everywhere
city of tea
everybody in the rest of Japan drinking tea
from Ei, they will get angry if they hear this
funny thing about here in the country side, I don't know it's in bigger cities
but tattoo is a big problem here you are not allowed to with tattoo in any
of this public places and I have one as a mentioned in some video, my last video maybe,
I don't know I will leave the link anyway so you guys can watch it
here tattoo and I understand them
the few people I met who has tattoo they are usually trouble makers, they are
really like noisy people makes mess for everything, so they just take
out, just can't use it anywhere it's fine, I kinda understand so.
Just it's funny, everytime I go to this public bath, my son have to stay behind watching
if nobody is looking, I need to walk like a ninja
on the walls for nobody too see my tattoos it's funny, it's really funny
I have lot's of fun in Japan, here in the country side
I have lot's of fun here, "omoshitokado" like local people says
let's finish eating, see you guys soon
let's take the places
here we need to take the places
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Agrihood could transform Cumming, quadrupling its size - Duration: 1:48.
For more infomation >> Agrihood could transform Cumming, quadrupling its size - Duration: 1:48. -------------------------------------------
Camp Lionheart 2019 - Duration: 2:31.
Hi, I'm Josh Magro. I'm a Licensed Psychotherapist and
Director of Camp Lionheart.
Camp Lion Heart is a week-long, overnight summer camp that
provides life and relationship skills to teenagers. The reason why we did this,
the dream of this experience is to provide the seeding ground for teenagers
who are really at the beginning of their lives,
their adult lives,
to start to sculpt and change and forge the people that they
truly want to be.
Finding the the meaning and the value and the sort of purpose in
their lives at the beginning, when they're at the helm of it.
So this is sort of that developmentally pivotal time
in all of our lives that we can make the biggest changes.
So it's a week-long process, we stay there,
we're sleeping there,
we do personal growth processing,
we're doing conflict resolution skills,
communication skills.
These are the elements of the leadership.
To allow these people to go out into the world and as they grow up
they're fully equipped, honed even, and sharpened in all of their skills that
they can actually be a fully functioning member of society.
That they can make the impact in which they most want,
that they most desire.
We want to create the opportunity
for people to be the best version of themselves,
and who better than our teens?
So this is a mix of traditional summer camp setting activities
where it creates bonding, it creates a lot of fun,
and at the same time we're looking at adventure therapy.
So we're getting into a canoe trip,
we're getting into rock climbing.
We're getting into different team-building exercises
that are designed to really test people's skill sets.
We want teenagers to be operating
on the edge of their competency so that they're challenging
themselves, they're growing, and they really get to discover
who they are.
So registration is now open for 2019.
Go to JoshMagro.com/Lionheart
to register your teenager for the greatest experience of their life.
Also, Camp Lionheart is teaming up with the Love Your Life Foundation.
They are a 501(c)3 so you can give tax-exempt donations to support our cause.
So if you'd like to donate or become a Lionheart Sponsor
go to JoshMagro.com/Sponsorship
to sign up now.
-------------------------------------------
MY FAVOURITE CARDS | Phyrexian Dreadnought | MtG - Duration: 6:55.
For more infomation >> MY FAVOURITE CARDS | Phyrexian Dreadnought | MtG - Duration: 6:55. -------------------------------------------
Why So Serious - Konkrete | Konkrete Choreography | STEEZY.CO - Duration: 1:28.
Whatsup y'all, it's Konkrete and you can learn this piece on STEEZY Studio
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Wisconsin nonprofit seeks to better connect U.S. farmers with their Mexican employees - Duration: 7:33.
JUDY WOODRUFF: A unique program started in Wisconsin helps build bridges between farm
employers and migrant employees.
Special correspondent Fred de Sam Lazaro begins our report in the Mexican state of Veracruz.
It's part of Fred's series Agents for Change.
FRED DE SAM LAZARO: They are hard to distinguish from thousands of Americans who meet up in
Mexico, headed to its beach resorts and a respite from winter.
But this group of Wisconsin dairy farmers had a very different destination, as they
headed inland and up steep gravel mountain roads.
The views are breathtaking, but these are places where tourists rarely go, and where
locals say it's hard to stay and earn a living.
It's become an annual ritual for the Midwesterners, getting together with families their Mexican
employees left behind as they traveled north to find work.
Their earnings sustain the families here in Mexico, even if the breadwinners themselves,
most of them undocumented in the U.S., could not afford the cost or risk of a quick visit
home.
John Rosenow was on his Ninth trip in recent years, visiting the families of his 10 Mexican
workers.
First stop, the parents of Marco Rosales.
JOHN ROSENOW, Dairy Farmer: Is there any message you would like us to take to Marco?
MAN (through translator): Tell him that we are well and tell him to behave.
FRED DE SAM LAZARO: Now, does he mostly behave?
JOHN ROSENOW: Marco behaves.
Marco at times works 12 hours a day, and right now he's working.
And it's 10 below.
FRED DE SAM LAZARO: On a frigid early January morning, I got to see Marco's routine, which
begins at the crack of dawn in the milking parlor.
JOHN ROSENOW: We run this 24 hours a day in here.
FRED DE SAM LAZARO: How many gallons of milk come out of this place?
JOHN ROSENOW: Like, today, we will ship probably 5,000 gallons.
FRED DE SAM LAZARO: Families like Rosenow's -- he's fifth generation on this farm -- helped
give Wisconsin the bragging rights as America's dairy land.
But the unrelenting routine of milking, birthing, feeding and cleaning is one Rosenow says Americans
long ago stopped wanting to do.
For years, Rosenow says he's tried to recruit for jobs that pay between $32,000 and $42,000
a year, plus on-farm housing, if needed.
JOHN ROSENOW: I have gone to farm supply stores locally, asking people that work there.
And I have never got a response, ever.
FRED DE SAM LAZARO: And you would pay more these big department stores?
JOHN ROSENOW: Yes.
And so I don't understand why Americans don't do it, but they don't.
FRED DE SAM LAZARO: About 20 years ago, left with no choice, he says, he hired a Mexican
immigrant he found through a farm magazine ad.
JOHN ROSENOW: He came and milked 54 days straight.
Here was somebody that worked as hard as I do.
Wow, this is the answer to my biggest, biggest problem that I had, was labor.
FRED DE SAM LAZARO: Migrant workers may have solved the labor problem for some farmers
here, but also revealed a new one: communication.
So, a county extension agent asked Shaun Duvall, the local high school Spanish teacher, to
start language classes.
SHAUN DUVALL, Co-Founder, Puentes/Bridges: And I thought, well, they're not going to
learn enough Spanish.
And they're not going to learn about the culture, why people do what they do, in a 20-hour Spanish
class.
So, I thought, well, let's do something more.
FRED DE SAM LAZARO: She and Rosenow founded a nonprofit called Puentes/Bridges, intended
to offer language immersion trips to Mexico, Spanish lessons for dairy owners, English
for their workers, as well as a dairy technician training program, trying to help two very
different cultures better understand each other.
SHAUN DUVALL: It's politically a conservative area, but all of a sudden there's this presence
of people who don't share your culture, and they needed somebody who knew something.
And I didn't know much, but I knew more than they did.
FRED DE SAM LAZARO: Today, Wisconsin's dairy industry says a majority of workers are immigrants,
an arrangement that endures despite the rancorous debate about immigration.
For their part, the immigrants keep a low profile.
Roberto Tecpile, who is 39, agreed to share his story.
In the 20 years he's been in the U.S., he's returned home just four times, he says.
Returning to the U.S. is treacherous and expensive.
ROBERTO TECPILE, Migrant Worker: I walked two days and two nights.
FRED DE SAM LAZARO: Did you have to pay people to get here?
ROBERTO TECPILE: Yes.
FRED DE SAM LAZARO: The trafficker's fee was $10,000.
Thirty-two-year-old Armando Tecpile, who is not related to Roberto, endured the same expensive
ordeal, driven, he says, by dreams of earning enough to build a comfortable home in his
village.
ARMANDO TECPILE, Migrant Worker (through translator): My house, I thank God it's already three floors
and complete concrete.
It's not finished yet, still in construction, but all the outside is done.
FRED DE SAM LAZARO: Back in Mexico, Armando's home was the next stop for his boss.
LOURDES RAMOS, Wife of Armando Tecpile (through translator): I'm really grateful Armando found
you as a place to work, because it's hard to find a good job.
FRED DE SAM LAZARO: Here and everywhere they visited, the Wisconsin visitors found expressions
of appreciation and warm hospitality.
But just beneath the smiles in many cases lurked the pain of long separation for the
host families.
After her guests left, Armando's wife, Lourdes Ramos, told me she'd pleaded with her husband
not to go to the U.S., to stay home with their sons, now 10 and 5.
LOURDES RAMOS (through translator): I said, I'm not asking you for anything.
I'm not asking you for money.
We don't need such a big house if it's just two of us and the two boys.
And, really, it's nicer to have a smaller place.
FRED DE SAM LAZARO: She fears they will wind up like Roberto's family, who have endured
his absence over much of the past two decades.
Rosenow talked with Roberto's father about the new prosperity, visible across villages
here in new construction and in small enterprises many families have started.
But his wife and mother reflected on the price they have paid, particularly the children.
AAarron is their middle child.
AARRON TECPILE, Son of Roberto Tecpile (through translator): I miss my papa.
I love him a lot.
FRED DE SAM LAZARO: When was the last time you saw your papa?
AARRON TECPILE (through translator): I was 5 years old.
He used to carry me, and we used to go and see my grandma far away.
FRED DE SAM LAZARO: His younger sister, Megan, was barely a month old when her father left.
CONCEPCION ACAHUA, Mother of Roberto Tecpile (through translator): We miss him.
We really do miss him.
FRED DE SAM LAZARO: But it is Roberto and Veronica's 15-year-old son, who was away when
we visited, who most worries his mother.
VERONICA TECPILE, Wife of Roberto Tecpile (through translator): He just wants to go
and work with his dad and is waiting to be able to do that.
I'm not going to let my son go, because the border is very dangerous.
FRED DE SAM LAZARO: Whether she will prevail against the strong tug of economic opportunity
up north is a big question.
A generation ago, her mother-in-law remembers pleading similarly with Roberto and his brothers.
All four of them remain in the United States.
For the "PBS NewsHour," this is Fred de Sam Lazaro in Zongolica, Mexico.
JUDY WOODRUFF: What a wonderful report.
Fred's reporting is a partnership with the Under-Told Stories Project at the University
of St. Thomas in Minnesota.
-------------------------------------------
Writing A Screenplay Begins With A Thesis - Matthew Berkowitz - Duration: 4:07.
Film Courage: What's your process for developing an idea?
Matthew Berkowitz, Filmmaker: That's difficult.
Film Courage: What are you doing before you write the screenplay?
Matthew: Well I'll come up with an idea right?
Or I'll come up with a character or I'll come up with a theory and most of the time
for me it's like a thesis, it's something and I think that might be because I love to
read so much literature and I kind of come from philosophy and I develop a thesis or
something that I want to say and then I find characters that I think can embody that purpose
and that can function in a story that kind of carries this idea throughout it so I can
communicate what I want to say in a story and through characters.
So it always starts with an idea or a thesis or a theory that I to talk about and the characters
in the story kind of fall in line from there.
Then I'll just kind of binge watch a bunch of movies that apply and I'll just write…you
know I carry a little notebook around me everywhere I go because I don't really type.
I mean I type but I don't really write my script until I've handwritten it a bunch
of times and a bunch of different ways and I've kind of flushed out my characters and
only then do I write the plot because I think that at least right now in the stories that
I'm trying to tell it's the characters motivate the plot rather than the plot motivating
the characters.
So I want to really know the characters like they are friends of mine.
Like they are my best friends, my childhood friends.
So once I know them, I kind of know the world.
Once I know the world, I know the story…so that's my process.
Film Courage: Interesting.
Do you ever get lonely when you finish writing something because they were like your best
friend?
Because in a sense if it stops you're almost losing them for a little bit?
Matthew: I've never really thought about it like that?
After you finish a film or finish a script you're kind of like "What now?"
You know?
"What do I do know?"
Because you've spent this three month period of time every day thinking about these characters,
thinking about writing and thinking about what's next, thinking about how they say
this, think about how they'd say that.
So when it's done you're kind of like "Oh man, I don't want it to be over yet."
And I think it's the same thing when you finish a film and you're like "Oh my gosh,
I'm done shooting…that's it?"
It happened so quickly.
That's why you've got to get into editing so you can keep it alive somehow and then
by the time you're done you've got this file that's like a 120 gigabytes and it
took you a year and a half to make it and you're like "A year and a half turns into
a 120 gigabyte file or a DVD?"
So it's kind of a weird sensation that you have when you're like all this boiled down
to this little thing that you can double-click in a place and you just put it in the DVD
player and it plays.
But I think that's what the whole process is, it justifies the characters that you want
to write because they do get to play.
They do get to be on a big screen, they do get to go someplace and other people can watch
and live and experience it for two hours.
So although when you are done with the script it's kind of over, it's not really over
because the audience gets to live through them, your audience gets to view it and it's
like the second reincarnation of your film is like having other people be touched by
what you've made.
-------------------------------------------
Spoilers en Santa Monica Pier | Apremiados con Beto Pasillas - Duration: 4:36.
For more infomation >> Spoilers en Santa Monica Pier | Apremiados con Beto Pasillas - Duration: 4:36. -------------------------------------------
Who holds the power in potential U.S.-China trade war? - Duration: 5:26.
JUDY WOODRUFF: With U.S.-China trade negotiations now in high gear, President Trump recently
suggested that he might delay the latest round of tariffs on China, scheduled to take effect
March 1.
So, is the United States in a trade war with China, or not?
Our economics correspondent, Paul Solman, explains, as part of our weekly series Making
Sense, which airs every Thursday.
DONALD TRUMP, President of the United States: I love tariffs, but I also love them to negotiate.
PAUL SOLMAN: In any negotiation, as the president's book "The Art of the Deal" stressed, the key
question, who's got the power?
America, trying to suggest it does, has trotted out a major economic weapon, tariffs imposed
on Chinese products, taxes on goods coming into the country from China, that is.
Tariffs make Chinese exports more expensive by raising their prices here, which protects
American manufacturers from cheaper competition, punishes the Chinese and their economy.
China responded to the Trump tariffs in kind.
It retaliated with tariffs on American exports, targeting U.S. products from Trump strongholds,
soybeans, for example.
MAN: I have been in the news lately because I'm caught in the middle of a trade war involving
the two powerful countries of China and the United States.
PAUL SOLMAN: The result, in both countries, higher costs for consumers and businesses
which use imports, which is why most economists hate tariff wars.
The total costs, they insist, far outweigh the total benefits, short term and long, or,
as Chinese Internet billionaire Jack Ma put it:
JACK MA, Chinese Business Magnate: Trade war is the most stupid thing in this world.
PAUL SOLMAN: So, we impose tariffs, China does the same.
But is it an even tit-for-tat?
Yasheng Huang is a professor at the MIT Sloan School of management.
YASHENG HUANG, MIT Sloan School of Management: China is a disadvantage for two reasons.
One is that the total share of trade with Chinese GDP is much higher than it is for
the United States.
Secondly, Chinese economy is slowing down.
And the Chinese exporting industry employs a massive number of people.
So it's actually quite big on China, the Chinese economy.
PAUL SOLMAN: So China is not going to win the tariff game.
What other moves does it have?
How about a bond dump?
China holds more than a trillion dollars worth of U.S. debt.
If it sells off U.S. bonds, the market would be flooded, and the U.S. would have to offer
higher interest rates to lure investors to buy the new bonds we need to keep issuing
to cover our federal debt, growing at a rate of about a million dollars every 30 seconds
or so.
And higher interest rates would cost us a pretty penny.
But what would the effect be on China?
A bond dump has a huge downside, says Huang:
YASHENG HUANG: First of all, there will be other people who come in dying to get a piece
of that.
So that's not going to hurt the U.S.
Secondly, the Chinese are going to get hurt, because whatever that they have remaining
in their holding of the U.S. treasury is going to decrease in value.
PAUL SOLMAN: OK, another move: Squeeze U.S. firms now operating in China; 400-plus Wal-Marts
do business there, more than 5,000 KFCs, more than 3,300 Starbucks.
In fact, the U.S. trade deficit with China nearly vanishes once you include sales by
American firms there.
But how would pressuring U.S. firms or discouraging Chinese citizens from buying American affect
the Chinese economy?
YASHENG HUANG: If you go after foreign companies, you are going to increase unemployment in
the country.
The Chinese manufacturing industry is already experiencing problems.
The private sector of the Chinese economy is experiencing problems.
Doing an economic war to solve economic problems, this is a very, very stupid thing to do, because
you're hurting yourself.
PAUL SOLMAN: And other retaliatory options pose the same risk.
Pull back on the number of Chinese coming here for education?
Devalue their currency?
Hurts the Chinese more, right?
OK, so, finally, it's been suggested that China might make sweetheart trade deals with
other countries, including our allies, cozy up to the rest of the world economically,
that is, leaving us out.
But, again, not so fast, says Professor Huang.
Look what happened after the recent U.S. crackdown on Chinese telecom company Huawei as a national
security threat.
YASHENG HUANG: Australia now is restricting Huawei.
The latest news is Czech Republic is restricting Huawei.
I don't think they want to take on the Trump administration and ally with China against
the United States.
PAUL SOLMAN: And so, at last, we come to the bottom line: China seems at first to have
quite an arsenal of economic options.
But, in the end, they all seem more likely to backfire.
We know it.
They know it.
No wonder they are willing to negotiate.
I'm economics correspondent Paul Solman.
-------------------------------------------
Daily Rasi Phalalu 23rd February 2019| Online Jathakam Telugu Astrology |Horoscope| Sri Telugu Astro - Duration: 29:12.
Please subscribe, like & share
-------------------------------------------
14 Best Beauty and Makeup for Teens In 2019 - How To Do Makeup Compilation - Duration: 12:01.
14 Best Beauty and Makeup for Teens In 2019 - How To Do Makeup Compilation
Thank you for watching!
Hope you enjoy this video!
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Cross Securitisation #PowerLesson - Duration: 8:03.
Hey guys! Jason here.
Stopping by for another five minute lesson today.
Today, I want to touch on some lending,
some borrowing structuring,
some strategy around when we go for loans,
and it's a little bit technical
but it's called cross securitisation.
Some people call it cross collateralisation,
it might be bundled with the comments
around all money's clauses.
But listen, as a property investor
and especially if you want to own multiple
investment properties over the long term
and you want to bust through 2 or 3
properties overall in your portfolio
you've got to understand what happens
in this space called cross securitisation,
cross collateralisation.
Let's have a look.
The idea, as a property investor, is the same.
I'm going to give you two examples;
the wrong way to do it and the right way to do it.
Okay?
And so, we go and have a look at where we have
some borrowing ability or some cash
and some capital and some income; our jobs,
to go ahead and purchase an investment property.
Nine times out of ten, the unsophisticated investor,
the uneducated investor, would go to a bank.
They would go to the one bank
that they have been with all of their lives,
because they have got their savings account there,
they've probably got a credit card there,
they might even have a car loan there,
whatever it is.
So, they go to their bank and they say, hey, listen,
and they've got their home loan there, okay.
And listen, I would like to buy an investment property.
And so the bank says, sure, no problem,
let's have a look at your situation,
and if you qualify, they'll lend you some money.
Now, every single bank in the whole of Australia
will offer you to do what's called cross securitisation,
cross collateralisation, which means,
and this is the important part, just so you guys know.
Which means, hey, listen, we will use your home
as the security to buy the next property, which is fine.
That happens, it's normal, it's not right.
It's not the right way to do it
for a sophisticated investor,
an investor who wants multiple properties.
And they say, listen,
let's just connect what they call cross securitise,
this property here.
So you've got a property,
and you've got enough security or equity in this property,
let's say this property is $600,000
and you've paid it off over time,
and your loan is only $300,000.
So you got some money in here,
the difference between what it's worth
and what your loan is.
So they say, listen, what we'll do is we'll cross securitise
and we will lend you 100% on that property,
because we will lock up some of the equity on this property.
Okay, fine, yep, okay, let's go.
Then what happens, and usually what they'll say is, like,
oh, well, we might give you a 90% loan on that one.
Okay?
Then you go, you're like, oh, I like this, I like this,
I'm a property investor now, I want to keep going,
and you ask them for another one. And they
say alright, listen why don't we bundle those two
and at the same time,
we'll cross it up with this one as well.
So you get, maybe, to your second property if you're lucky.
And they'll say, listen, across all of this,
we're a bit concerned,
so we want to reduce that one to 80%.
Now, you're able to be borrowing less now, okay?
Then you have a look at your third investment property
because you want to be a property investor,
and the bank says, oh, listen, there's too much risk for us,
we're not going to let you buy that third one,
because you don't have enough servicing,
the risk is too high for us,
etc, etc, etc.
So cross collateralisation, and when you look at the stats,
the average property investor
doesn't get past two investment properties.
A huge amount, 80% of people failed
to get past three investment properties
when they start out their investment journey,
and this is why.
Cross securitisation, cross collateralisation,
the more risk you have with one bank,
the less loan to value ratio
and the less money they want to lend you.
Okay?
Now, that's why we get stuck,
and we don't get to this property here.
And then what happens, is now we're all tangled,
we're all bundled up. They've got our home loan,
our investment properties, our savings account,
our credit cards, our car, they have everything.
And this is where I've seen some challenges for many people.
Let's say you went and decided to start a business,
or you had a little bit of a challenge
in your life, or whatever,
the bank has control of everything,
and then they can take money out of your savings account,
credit card, you name it.
There's some nasty things they can do.
The better way, the professional way,
the smart investor way, to do this,
is not to have any cross collateralising going on.
Now, let's say we want to achieve the same thing. We go to,
and it doesn't matter, let's say you are at the bank,
and let's say you do have a loan,
and you've got your property, which is worth $600,000,
and you've got a loan here.
What you do is you go and get a deposit account,
it's what's called a split in a loan.
And let's say we've got $100,000 in this account,
it's a new loan, on top of the other loan,
that you're going to use for investing in property.
Now, while those are all cross collateralised
connected directly because of the same bank,
we're going to put a wall in here.
And we're actually going to loan the money out, technically,
out to this property to buy it.
Now everyone says, well, what's the difference?
The difference is, this bank is not this bank.
So we go, let's say this bank is CBA,
and over here, I might go to a bank called Firstmac,
whatever, that's a bank out there.
And then you say, I want to buy another investment property,
well, no problem, I can lend some money there,
and I could lend some money there,
and I could go to Adelaide Bank.
And then what happens is you go,
well, I want to buy a third investment property,
no problem, we can lend some money from there,
we could lend some money from there,
if they've got equity, we could lend some money there,
and let's say we go to now St. George.
Each of these investment properties is a different lender
with different calculations, loan-to-value ratios,
servicing, etc, etc, etc.
You're not controlled by one institution,
it's easier to borrow money as you go along,
and you're spreading the risk around
so the institutions are less risk-exposed
in your property portfolio.
So there you go, guys, as a property investor,
cross collateralisation, cross securitisation,
a big, absolute no-no, don't do it.
As, in the early days of your portfolio,
it will be a handbrake, it'll hold you back.
When you set up the right redraw facilities
and investment accounts,
a smart, experienced finance broker
who's an investment broker will know how to do this,
if you don't know, give us a shout out.
This is the way to do it.
Alright, there you go, guys,
setting up your finance structure's pretty important,
if you can't get oxygen,
or you can't get financed,
it's like oxygen, you can't breathe,
and as a property investor, pretty important lesson.
If you want to know more, get along
to one of our property investment nights around the country.
We're out running truckloads of them
around Australia this year,
so make sure you get along and learn what you need to,
to stay abreast of everything you need
as a property investor.
Alright, take care, bye for now.
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Nails Trends 2019 And New Nail - Best Cute Nail Art For Short Nails Compilation - Duration: 10:26.
Nails Trends 2019 And New Nail - Best Cute Nail Art For Short Nails Compilation
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