FairPoint Communications launches wholesale E-Line services for Vermont, NH, Maine

first_imgConsolidated Communications,FairPoint Communications has announced its release of Carrier Ethernet products specifically designed for the wholesale market.FairPoint’s E-Line service is now available to its wholesale customers who are authorized to provide services in Maine, New Hampshire and Vermont. FairPoint has made its new E-Line services of Ethernet Private Line (EPL) and Ethernet Virtual Private Line (EVPL) possible by significantly investing in its communications infrastructure and technology to bring these and other broadband services to northern New England. FairPoint’s new fiber-based, high-capacity network ‘ called VantagePoint(SM) ‘ offers its wholesale customers a better, faster way to connect to their customers.”Offered on our state-of-the-art VantagePoint(SM) network, FairPoint’s Carrier Ethernet services bring unparalleled reliability and service,” said Michelle Hymson, assistant vice president of wholesale services. “Coupled with service availability in hundreds of its central offices, FairPoint’s reach far surpasses other wholesale providers in northern New England.”FairPoint encourages its wholesale customers to contact their account team to review E-Line services and its other high-bandwidth solutions or visit www.FairPoint.com/wholesale(link is external) for more information.About FairPoint CommunicationsFairPoint Communications, Inc., (NASDAQCM: FRP) (www.FairPoint.com(link is external)) is a leading communications provider of high-speed Internet access, local and long-distance phone, television and other broadband services to customers in communities across 18 states. Through its fast, reliable network, FairPoint delivers data and voice networking communications solutions to residential, business and wholesale customers. VantagePoint(SM), FairPoint’s resilient IP-based network in northern New England, provides business customers a fast, flexible, affordable Ethernet connection. The VantagePoint(SM) network supports applications like video conferencing and e-learning. Additional information about FairPoint products and services is available at www.FairPoint.com(link is external). You can also connect with FairPoint on Twitter (www.twitter.com/myfairpoint(link is external)) and Facebook (www.facebook.com/myfairpoint(link is external)).SOURCE FairPoint Communications, Inc. CHARLOTTE, N.C., Oct. 3, 2011 /PRNewswire/ —last_img read more

Ward wins again at Outlaw

first_imgBy Paul SzmalDUNDEE, N.Y. (June 8) – Will Ward slid past Rich Karlnoski on the 10th circuit and cruised to his second straight Marion Decker Agency IMCA Modified feature win Friday at Outlaw Speedway.Karlnoski had taken the lead at the drop of the initial green. Brandon Smith and Rodney Morgan fought side-by-side over the finals laps for second, with Morgan getting the position at the check­ers.Completing the top five were Smith, Phil Yaw and Karlnoski.last_img

Onyali Hails Okagbare for Erasing Her 22 Year-old 200m African Record

first_imgBy Duro IkhazuagbeFormer Nigerian Queen of the Track, Mary Onyali-Omagbemi has congratulated Blessing Okagbare-Ighoteguonor for erasing her 22 year-old 200m African record of 22.07secs at the weekend.Running in her season opening race at the 2018 Wes Kittley Invitational inside the Elmer J. Gray Stadium in Abilene, Texas, on Saturday, Sapele-born Okagbare raced to a new 22.04 African record to win the longer sprint event. The Beijing 2008 silver medalist in the women’s long jump lost her 100m African record to Cote d’Ivoire’s Murielle Ahoure who bettered the Nigerian’s mark of 10.79 secs by just 0.01s in 2016 with her PB of 10.78secs.Okagbare has effectively consign to history the 22.07 clocked by Onyali in Weltklasse Zurich in 1996.Onyali was particularly pleased that her 22 year-old African record has been broken by her compatriot.“My 200m African record went to my little sister yesterday. Congrats Ble-Ble Baby ! Now we are back on track !! Thanks for keeping this in the family Kitty; While we hunt for the other one ! On a mission. Stay tuned,” Onyali gushed with enthusiasm at the feat of Okagbare yesterday.Cierra White placed second behind Okagbare in a distant 23.26s, while Natasha McDonald settled for third in 24.23s.  Another Nigerian sprinter, Omotayo Abolaji placed fourth in the race with a Season’s Best (SB) of 24.42s while competing for South Plains College.Okagbare’s previous Personal Best (PB) in the event was 22.23s, set at the 2014 Eugene Diamond League. She now holds the Nigerian women’s records in the 100m (10.79secs) and 200m (22.04secs).With this new form, it is going to be difficult for the Delta-born sprinter to avoid defending the double sprint medals she won at the Commonwealth Games in Glasgow, Scotland four years ago.The former Team Nigeria captain had earlier signified her intention to race only in the 4x100m relay at the Games scheduled to hold in Gold Coast, Australia between April 4 and 15. She remains the favourite for both the 100m and 200m gold medals at the Games.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Mortgage stress test is helping fuel alternative lending boom report

first_img 5 Comments Join the conversation → Geoff Zochodne Reddit Comment Recommended For YouU.S. FDA approves Karyopharm Therapeutics’ blood cancer drugOntario Cannabis Store pulls affected CannTrust products amid Health Canada probeUPDATE 2-FDA approves expanded label for Regeneron/Sanofi’s DupixentTrump pick for Fed seat says doesn’t want to pull rug from under market -CNBCAP Explains: US sanctions on Huawei bite, but who gets hurt? What you need to know about passing the family cottage to the next generation Facebook Email Mortgage stress test is helping fuel alternative lending boom: report CIBC economist says regulators need to revisit rules that have made it harder to get a mortgage Regulators should reconsider a stress test for uninsured mortgages that was imposed amid an already slowing housing market and that has helped fuel an alternative-lending boom, a Canadian Imperial Bank of Commerce economist said Tuesday.Since the stress test was brought in last January, the Bank of Canada has hiked its key interest rate by 75 basis points and the five-year mortgage rate has increased by 35 basis points, says Benjamin Tal, the deputy chief economist at CIBC World Markets.“Accordingly, regulators should revisit B-20,” Tal wrote in a report. “We need a more flexible benchmark, potentially a narrower spread over the contract rate when interest rates approach cyclical peak, and perhaps to establish a reasonable floor under which the qualifying rate will never drop below.” Mortgage stress test is keeping Toronto home buyers on sidelines, says real estate board The mortgage ‘stress test’ has started harming Canadians more than it helps OSFI under pressure by banks, industry lobbyists to ease mortgage stress test: sources Tal’s comments come as the housing market has cooled, but as some Canadians are still finding real estate out of their price range. In its budget last month, the federal government introduced a first-time homebuyer incentive program to try to give those would-be owners a hand.A softer housing market has also weighed on firms that do business in the sector. Canadian banks have seen their rate of mortgage originations slow and the real-estate industry has complained that the stress test has made it tougher for homebuyers to get a loan.On Monday, the Bank of Canada released its latest business outlook survey, which noted “continued weakness in housing-related activity in some regions.”“During 2018, growth in mortgage originations continued to decline,” Tal wrote. “The value of new mortgages fell by eight per cent (or $25 billion) during the year. Note, however, that the slowing in the pace of mortgage origination growth started well before B-20 was introduced.” The stress test was part of a revised guideline for residential mortgage underwriting, which was known as B-20. It sets out that the minimum qualifying rate on uninsured mortgages of whichever is higher: the Bank of Canada’s five-year benchmark rate or the rate on the contract plus 200 basis points. It also preceded a stress-test that was slapped on insured mortgages back in 2016.The Office of the Superintendent of Financial Institutions, which oversees federally regulated lenders, introduced the new stress test for uninsured mortgages. In February, an assistant superintendent defended the measure as prudent during a lunchtime speech in downtown Toronto, although they also suggested that the regulator could make changes if necessary.Tal said that the stress test was probably necessary when it was introduced, “since there was a need to save some Canadian borrowers from themselves.”“But is 200 basis points the right number?” he asked. “At the end of the day, there is no real science behind that number.”The economist added that the income of borrowers is likely to rise during their mortgage term and that the B-20 stress test does not consider decreasing borrower risk with a longer term.“And finally, B-20 is in part behind the strong rise in alternative lending,” Tal wrote.Based on information from the Ontario Land Registry, Tal wrote that alternative lenders now account for nearly 12 per cent of total real-estate transactions, and about 15 per cent of deals in the Greater Toronto Area.“A year ago, that number was close to 10 per cent, meaning that alternative lenders’ share has risen since the introduction of B-20,” Tal said. “Behind the scenes, there is a transfer of risk from the regulated to the less regulated segment of the market—from where there is light to where it’s dark. That was certainly not the intent of B-20, and any other mortgage-related change to regulations.”• Email: gzochodne@nationalpost.com | Twitter: center_img Twitter Sponsored By: Share this storyMortgage stress test is helping fuel alternative lending boom: report Tumblr Pinterest Google+ LinkedIn advertisement April 16, 20194:01 PM EDT Filed under News FP Street The value of new mortgages fell 8% or $25 billion in 2018, though the decline began before the mortgage stress test started.Tyler Anderson/National Post ← Previous Next → Featured Stories Morelast_img read more