printOn Thursday nights, some fashion merchandising majors dread going to class. It’s not the classwork or the instructor that they want to avoid — it’s the walk that takes them off TCU’s campus to a building they say that doesn’t have enough workspace for students.In the spring, TCU plans to construct a new building nestled behind the Moudy Complex at the corner of Greene Avenue and West Cantey Street.Isabella Mancini, a sophomore fashion merchandising major, said the walk from Moudy to the off-campus classroom makes some students feel unsafe.“The shuttle doesn’t stop at the building, and it makes it very difficult to get to class,” Mancini said.Students are given 10 minutes of transition time between classes. However, the on-average 12-minute walk makes it hard for some students to get to class on time. Walk from Moudy to Interior Design and Fashion Merchandising building.Because of the far location, students often want to drive, but parking spaces are scarce. The lack of student parking for the current building prevents driving from being an option for many, Mancini explained.The location is not the only problem. According to Kenzie Ashley, a first-year fashion merchandising major, the current building is also rundown and does not have enough space for students to work efficiently.The new state-of-the-art Interior Design and Fashion Merchandizing facility will offer a variety of new spaces for innovation and learning — including four computer labs, a textile testing lab, flexible seminar and jury rooms, and space for archival storage for the TCU historic dress collection. Marketing Coordinator of the College of Fine Arts, Kathryn Dunn, said this is all geared toward providing the best possible environment for TCU students.Dunn said ground will be broken this spring. The completion date is anticipated to be in fall 2019. At that point, TCU students will have an on-campus location with improved space. According to Dunn, this is important for TCU’s Department of Interior Design and Fashion Merchandising to remain competitive with other programs around the nation. Twitter Linkedin ReddIt Fashion merchandising alum Nell Gray Rasmussen’s sketches (Nell Rasmussen/Alum) Colleen Powellhttps://www.tcu360.com/author/colleen-powell/ World Oceans Day shines spotlight on marine plastic pollution Facebook Colleen Powellhttps://www.tcu360.com/author/colleen-powell/ Never too young to make an impact Colleen Powellhttps://www.tcu360.com/author/colleen-powell/ Study abroad adds Stellenbosch, South Africa to its list of destinations + posts Colleen Powell TAGSconstruction Previous articleThe Leap: Five memorable moments (and a whole bunch of tweets) from the 2018 Winter OlympicsNext articleEquestrian comes up short against Oklahoma State Colleen Powell RELATED ARTICLESMORE FROM AUTHOR Welcome TCU Class of 2025 Facebook Fort Worth Music Festival Colleen Powellhttps://www.tcu360.com/author/colleen-powell/ ReddIt Linkedin Twitter Eco-Friendly hair salons look to encourage others to help the environment TCU places second in the National Student Advertising Competition, the highest in school history
Servicers Navigate the Post-Pandemic World 2 days ago in Featured, Government, News Phil Banker began his career in journalism after graduating from the University of North Texas. He has covered a number of communities across Texas and southern Oklahoma, writing news and sports for publications including the Ardmoreite, Ennis Daily News and the Plano Star-Courier. He is currently a contributor to DS News and The MReport. Senate Finance Committee Chairman Orrin Hatch (R-Utah) went to bat for Treasury Secretary appointee Steve Mnuchin during his confirmation hearing on Thursday, saying claims his businesses helped precipitate the 2008 financial crisis were “lacking in merit.”Mnuchin, 54, is a hedge fund manager, former Goldman Sachs partner, and former executive with IndyMac and OneWest Banks.“Mr. Mnuchin had no involvement in the mortgage market in the years leading up to the collapse,” Hatch said. “After purchasing IndyMac and all its toxic mortgage assets, Mr. Mnuchin’s company offered loan modifications to the vast majority of its delinquent borrowers and was one of the very first institutions to make offers to forgive portions of loan principal balances to reduce foreclosures,” Hatch said.“All independent valuations of the company’s actions have resulted in high marks,” said Hatch regarding the foreclosure practices at OneWest.Mnuchin, nominated for Treasury Secretary in November, said at that time that he would end the government’s controversial conservatorship of Fannie Mae and Freddie Mac.“We will make sure that when they are restructured, they are absolutely safe and don’t get taken over again. But we’ve got to get them out of government control,” Mnuchin said back when he was first appointed, according to Bloomberg.Mnuchin has also said he would roll back key provisions of the Dodd-Frank Act, signed into law by President Barack Obama in 2010 to regulate Wall Street.During the hearing Mnuchin defended his time at OneWest, saying he worked to help borrowers stay in their homes during the worst years of the financial crisis.“In the press, it has been said I ran a ‘foreclosure machine,’” Mnuchin said. “On the contrary I was committed to loan modification intended to stop foreclosures. I ran a loan modification machine.“I am proud to be able to say our bank was able to do over 100,000 loan modifications that allowed people the opportunity to stay in their homes,” Mnuchin said. “Unfortunately, not all the homes were able to be saved through these programs, and despite my best efforts some were sadly subject to foreclosure.”Mnuchin said he ordered his lawyers to sue HSBC to allow him to do additional loan modifications, and blamed HUD regulations for foreclosures on accounts delinquent by very small amounts.Ed Delgado, President and CEO of the Five Star Institute and a former executive with Wells Fargo and Freddie Mac, called Mnuchin a “competent choice” for Treasury Secretary.“His plans to roll back burdensome regulations and advance GSE reform will help foster progress and growth in the industry and the economy,” Delgado said. “He should not be labeled as the architect behind the 2008 financial crisis. The reality is that Mnuchin’s leadership during his tenure at OneWest defended American homeowners by making available programs that offered loan modifications to eligible borrowers.”Although the committee began the hearing by peppering Mnuchin with questions on his history at OneWest, they soon pivoted to questions on offshore accounts. Senators asked him about his time as director of Dune Capital International Ltd., an investment fund incorporated in the Cayman Islands.“Did you use the Cayman island corporation to avoid paying taxes? Would you support closing tax loopholes that very wealthy people have consistently used in the Cayman Islands to avoid paying taxes?” Sen. Debbie Stabenow (D-Michigan) asked of Mnuchin.“There was no benefit to me from the Cayman entity,” Mnuchin replied. “As I said, The Cayman entity was set up to accommodate nonprofits and pension funds that wanted to invest offshore.”Hatch noted some of the seemingly hypocritical questioning concerning Mnuchin’s corporate involvement with offshore accounts and holdings.“At least two of president Obama’s nominees who now serve in his cabinet had Cayman Island holdings,” Hatch said.Wyden said the committee has a bipartisan record of calling out nominees on both sides of the aisle.Boston Community Capital CEO Elyse Cherry, an expert on foreclosure relief and housing policy, said Mnuchin has a “very different sense of his history” than his detractors.”In his time there, OneWest took families through about 36,000 foreclosures,” Cherry said. “What I would hope is that anybody with that level of knowledge about the real estate industry and the impacts of foreclosure, if he comes into a position in Treasury, would use that knowledge to help us solve the remaining housing crisis as opposed to continuing to throw families out of their homes.”Cherry said she hopes Mnuchin, if confirmed as Treasury Secretary, would use his position to show leadership on a number policies to help homeowners stay in and maintain their homes.”We need to be able to maintain our housing stock so that people have good, solid, healthy places to live so our neighborhoods can continue to be healthy,” Cherry said. “I think Treasury has a lot they can do for that.”Chairman Tim Rood of Washington, D.C.-based business advisory firm The Collingwood Group praised Mnuchin’s handling of the hearing.“My key takeaway is that Steven Mnuchin is a world-class financier whose decades of experience with financial and monetary matters make him the ideal candidate to serve as U.S. Treasury Secretary and President-elect Trump’s principal economic advisor,” Rood said. “My secondary takeaway is that only the most committed public servant(s) would subject themselves to this gruesome confirmation process.”To watch the hearing, click here. Sign up for DS News Daily Mnuchin Finds Allies, Faces Fire in Senate Hearing Government Senate Hearing Steven Mnuchin Treasury Secretary 2017-01-19 Phil Banker January 19, 2017 1,249 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Government Senate Hearing Steven Mnuchin Treasury Secretary Print This Post Home / Featured / Mnuchin Finds Allies, Faces Fire in Senate Hearing Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Phil Banker Subscribe The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save To watch a recording the hearing, click here. 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Police say somebody drove in the lawn of the cemetery causing sod damage. (Image: ISP)JEFFERSON COUNTY, Ind. – State Police are hoping to get more information and potentially an identity of a vandal or vandals who are destroying the lawn at the Indiana Veterans Memorial Cemetery in Madison.Authorities say one night this week, someone drove into a grassy area near headstones and appeared to have done a burnout. It left approximately 90 feet of damaged sod.It’s not the first time vandals have targeted the Southern Indiana cemetery. Last year, cemetery officials reported a vehicle doing “doughnuts”.“It is unknown if the same individual(s) were involved in both incidents or if there are two separate people responsible for the damage,” Indiana State Police Sgt. Noel Houze said.If you have any information contact the ISP Versailles Post at (812) 689-5000.The Indiana Veterans Memorial Cemetery is dedicated to Veterans and families as a lasting memorial, and final resting place, in appreciation and gratitude for their service and sacrifice to our nation.