Thursday, November 22, 2012

Dot Earth Blog: Reverend Billy: Preaching the Gospel of Sharing, Not Shopping

2:13 p.m. | Updated below |
From the first days of this blog in 2007, a focal point has been the word ?enough.? How much is enough? Can we learn to reach for an apple when we crave a cookie? Can we make something instead of buying something? Which good life do you seek ? the Vegas version or Plato?s?

With Thanksgiving nigh, and #BlackFriday both a promoted trend on Twitter and again pushing into Thursday, I thought it worth revisiting some of these themes, this time through a short Web ?visit? with Billy Talen, better known by his street and stage persona, the Reverend Billy Talen, preacher of ?the gospel of stop shopping,? and Savitri D., who directs his theatrical performances and political events* (they also happen to be married). Their motto this year, ?Sharing, not shopping,? was inspired by the outburst of giving and volunteerism following Hurricane Sandy.

The ?Reverend? Billy Talen on Sharing Instead of Shopping

You have a choice of listening to the audio below or watching our grainy Skype chat above. The stuttery, fuzzy video may be most appropriate in that Talen sometimes seems to be coming to us from another planet.

If you?re in New York City in the next few days, you can catch him after your Thanksgiving dinner as he visits Macy?s in Herald Square for the store?s midnight opening. On Sunday at 1 p.m., Talen and the full Stop Shopping Gospel Choir will be sermonizing at the Highline Ballroom.*


This post has been revised to reflect the following correction:

Correction: November 21, 2012

The post has been adjusted where there are asterisks. I added Savitri D.'s position. And, while the Highline Ballroom Web site says there is a $10 minimum for brunch, Talen said that is waived for his performance. The post originally ended with this line in parentheses: You can spend some of the money you saved by not shopping; there's a $10 minimum per person for brunch.

Source: http://dotearth.blogs.nytimes.com/2012/11/21/a-preacher-of-the-gospel-of-sharing-not-shopping/?partner=rss&emc=rss

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Russian farmer takes on corrupt officials

(AP) ? When Eduard Mochalov tried to have the people who stole his cattle and pig farm brought to justice, he spent eight months in jail on charges he says were cooked up. He appealed to Vladimir Putin and even set himself on fire outside the Kremlin in protest, but still couldn't draw attention to his cause as his farm slowly fell into disrepair.

Now, Mochalov has found a new life as a crusading journalist investigating corruption in his native region, fueled by tips from disgruntled businessmen and government workers. Undeterred by a system where the law is selectively used to protect the powerful and crack down on critics, Mochalov has quickly earned cult status ? not to mention the ire of countless local officials ? throughout the small province of Chuvashia.

Roughly once a month, he publishes a free newspaper called Vzyatka, or The Bribe, which rails against what it calls "Chuvash kingpins" who steal from the province's budget. Headlines include "The Governor of Chuvashia's Family Business" and "If Nobody's Been Found Guilty, That Means They're Already In Power." The paper has proved so popular that with a print run of 20,000 he has trouble meeting demand.

Frustration with corrupt officials has skyrocketed under President Putin's rule. Twenty-nine percent of Russians believe that civil servants only care about using public funds to enrich themselves, a more than nine-fold increase since Putin took power in 2000, according to the Levada Center, an independent polling agency.

Corruption was a key motivation behind the unprecedented series of mass protests against Putin in Moscow last winter and spring, and remains a key rallying point for the opposition. Recently, the Kremlin has attempted to siphon off popular anger by launching a major crackdown on corruption, which has cost several high-level officials their jobs.

In Chuvashia, a sleepy rural region about 650 kilometers (400 miles) east of Moscow best known for its felt boots, Mochalov devotes all his energy to campaigning against local corruption. That makes him unusual in Russia, especially in the provinces, where few journalists seriously investigate officials and those who do frequently face violent reprisal.

Chuvashia is one of the three most corrupt regions in Russia, according to the country's top investigative agency, but few cases make it to court. Officials in Chuvashia did not immediately respond to requests for comment on this story.

"If they brought charges based on my investigations, they'd have to arrest the entire provincial government," said Mochalov, as what remained of his abandoned hog barn's roof crumbled around him.

What started as an attempt to end the legal struggles over his farm has become an all-consuming mission. The newspaper's high costs ? each print run costs 100,000 rubles ($3,150) ? have essentially forced Mochalov to give up his farm: He sold all his livestock and equipment years ago, and rents out some of the buildings to local services like banks and post offices.

The rest lack heat and electricity, if they are still standing at all. One barn is filled with rotting bales of hay; a corrugated iron shed next to it has nearly collapsed.

The change was a dramatic one for Mochalov, who left school at 16 and now at age 38 sports the thickly callused hands and yellow gap-toothed grin of the provincial farmer. He once employed 150 workers from 11 surrounding villages and ran a thriving concern trading in pigs, cows, sheep, and horses.

But seven years ago, Mochalov says, he failed to pay a policeman a bribe in full. Shortly afterward, men burst into his office with armed guards and presented tax papers supposedly showing that Mochalov had sold them the farm. When he filed a legal appeal, prosecutors filed charges against him instead, accusing him of having obtained credit illegally to buy the farm.

After spending eight months in jail awaiting trial, Mochalov was released on time served and later succeeded in restoring his legal ownership. By then, however, the farm had already fallen into disrepair.

Mochalov set about trying to bring the raiders to justice. First he tried the legal route, but to no avail. Appeals to Putin and the government also produced nothing. Then he staged protests, including the 2007 Kremlin fire stunt, which caused little physical harm aside from a few scars on his hands. The disused barn where he stores newspapers is full of banners left over from demonstrations imploring pro-Kremlin political parties to "help us fight corruption."

He put his faith in Dmitry Medvedev, who served as president from 2004 to 2008 when Putin had to step aside because of term limits ? but was soon disappointed.

"He promised to crack down on corruption when he was elected, and I believed him!" laughs Mochalov. "I've never considered myself a member of the opposition. It's about sorting out what's wrong with our country ? it's plagued by corruption."

Russia is considered to be one of the most corrupt countries in the world. Transparency International's Corruption Perceptions Index ranks Russia 143rd out of 183 countries, level with Nigeria and below Pakistan.

Mochalov puts the newspaper together in a pokey office smelling of stale varnish at the back of a truck repair shop. He prints it in a neighboring province, since no printer in Chuvashia will go near it. He only has two colleagues, a journalist and a village woman who helps hand the paper out at factories, and he writes many of the articles himself under pseudonyms.

To his frustration, however, no charges have been filed against the officials exposed in The Bribe. Russian officials frequently turn a blind eye to corruption stories in the press.

The Bribe has nonetheless struck a chord in Chuvashia, whose president earlier this year proposed creating a blacklist of print media "that write untruths." Several officials mentioned in the newspaper have sued him for damaging their reputation. In court, Mochalov, who says he cannot afford a lawyer, defends himself by insisting proceedings be carried out in his native Chuvash language and storming out.

"All of the government knows about what he's writing," Alexei Glukhov, a local human rights activist, said. "So they try to make him look like a crazy village person who sets himself on fire, and Eduard favors the poetic aspect over the legal side. He has his own, idiosyncratic way of doing things."

In a sense, Mochalov has always been something of a performer. He began his campaign to get his farm back by blocking off a highway with tractors. Earlier this year he spent 15 days in jail for throwing eggs at government buildings at a protest.

That unusual style is earning him fans far and wide. Last month, he traveled to Moscow to meet Alexei Navalny, one of the main leaders of the opposition, who made his name through his own efforts to expose corruption in the government and state-owned companies. In messages posted on Twitter, Navalny described Mochalov and his assistant as "incredibly cool people" and "real heroes," and wondered how he has "managed not to get whacked yet."

Mochalov says he is undeterred by any possible reprisal, legal or otherwise. Recently, prosecutors began to investigate an article that they suspect of inciting racial hatred, although no charges have been filed. He also shrugs off the threat of physical violence. Russia is the ninth most dangerous country in the world to be a journalist, according to the Committee to Protect Journalists, a New York-based watchdog. Since the collapse of the Soviet Union, 53 journalists have been murdered.

More importantly for Mochalov, however, is the newspaper's continued popularity. Demand has been so great that he is considering selling copies to help cover its increasing costs. When he set up a makeshift stall at a market on a recent snowy afternoon, he was quickly surrounded by people who made off with several copies at a time. After 15 minutes he had given away several hundred.

"The people have had it with all these corrupt people in power," Mochalov said, grinning. "They want to know the truth."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-11-21-Russia-Fighting%20Farmer/id-819552e55b704d44a38eac81576d32ce

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Black Friday HDTV deals from warehouse clubs

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We?ve scoured the major retailers? Black Friday deals and found the most outstanding values for every member of the family. A 32-inch scree... Read more

6 hrs.

BJ's, Sam?s Club and Costco are membership warehouse clubs with Black Friday specials on HDTVs. Clubs require an annual membership for savings. Here?s how the deals break down:

BJ's
Wholesale club BJ?s announced its HDTV Black Friday deals. The retailer has more than15 HDTVs with screen sizes from 22 to 60 inches. You can order online at bjs.com or buy at any of the BJ?s stores, all located east of the Mississippi. The hot deals include: a 47-inch?LG?3-D LED LCD bundled?with sound?bar for $699.99; a 55-inch LG LED LCD for $799.99 and a 39-inch Sansui LED LCD for $279.99

The BJ?s Black Friday deals begin online at 12:30 a.m. EST on Friday and go until Sunday, Nov. 25 (or while supplies last).

If you are not a BJ?s member, you can either order online and pay an additional 5?percent, or become a member for a?$50 fee. The membership is good for one year and may be cancelled up to 11 months after joining for a full refund of the fee. We?ve included Amazon links for additional item descriptions and price comparisons.

Sam?s Club
Offers online or store pickup on 8 HDTVs and an LG Blu-ray player. Hot deals include a 32-inch Magnavox LED LCD for $198, a 65-inch Vizio LCD for $998 and a 40-inch Sanyo LCD for $348. Membership cost $40 a?year. Most of the?Sam's Club?deals are available Wednesday night?at?11 p.m.?EST.

Costco
Costco advertised only one Black Friday HDTV model in its ad (see below). However, the ad is clear that there are many more discounted TVs that you will find in stores. Costco gives members a free two-year warranty on all TV sets. But free is relative: the retailer's annual basic membership is $55.

  • Samsung UN65EH6000 1080p 120Hz LED LCD
    Regular price: around?$2,400 -?Costco sale price $1,499.99?
    (Note:?Amazon and Best Buy have the same HDTV now at $1,497.99)

More from HD Guru:

Source: http://www.nbcnews.com/technology/technolog/black-friday-hdtv-deals-warehouse-clubs-bjs-sams-club-costco-1C7201218

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Wednesday, November 21, 2012

Tips On How To Find A Bankruptcy Lawyer From Long Island ...

One of the most difficult financial decisions a person may have to make in their life is to decide to file for personal bankruptcy. With such a big decision, you should be sure to know as much about the process as possible. Use this information to help you know if it is the right course of action to take.

Many times people feel forced into filing for bankruptcy. They do not know that debt settlements are available. If your debt is much greater than your income, you could be a candidate for a debt settlement. Many times credit counselors can negotiate with banks and credit card companies to reduce the amount you owe, so that you do not have to file bankruptcy.

Most law firms who deal with filing for personal bankruptcy offer free consultations. Meet with several lawyers for a free consult before hiring any. It is important that you consider how the consultation went and how attentive the lawyer was to your needs. This is a big decision, so make sure a professional handles it!

When filing for personal bankruptcy, waiting till the last minute is not a good idea. One of the major keys of surviving bankruptcy is dealing with it early on. Waiting until it?s nearly too late leaves little time for your financial situation to be analyzed. Not to mention you will incur more financial problems, such as garnished wages.

Trying to exclude family members you owe money to before filing for personal bankruptcy can get you into serious hot water. The court will look into who you pay-off as far as a year back, and if they find you showing favor to family over other creditors, they could invalidate your filing completely.

After filing for bankruptcy, check your credit report to make sure that it was reported the way that it should have been. You want to make sure that any debts that were part of your bankruptcy are now labeled "BK? so creditors know you no longer owe that money.

Bankruptcy Lawyer

Do not try to hide assets or resources, if you are filing for bankruptcy. The advice of a bankruptcy lawyer can help you minimize your losses throughout the process and do so in a legal manner. Your creditors will be scrupulous about double-checking your filing; rest assured that any assets you try to conceal will be found out.

Do your research before choosing a bankruptcy lawyer. Take advantage of free consultations, and meet with several different lawyers before picking one to work with. Make sure that you choose an experienced attorney who is knowledgeable about the local laws, the preferences of trustees, and has a good working relationship with local judges.

Talk to other professionals before talking to a bankruptcy lawyer. Talk to financial advisers and credit counselors to see if bankruptcy is, in fact, your best option. A bankruptcy lawyer has a conflict of interest, so they are less likely to dissuade you from filing for bankruptcy. Finding an impartial, knowledgeable thirty party will give you the complete picture.

Before you meet with a bankruptcy lawyer, make a complete list of all of your assets. Any assets that are not listed in your bankruptcy case can be seized to pay for your debts. Your lawyer needs to see a list of every asset you own to properly advise you on which type of bankruptcy is best for your unique situation, as well as, to protect as many of your assets, as possible.

Now that you have been provided with some useful information about personal bankruptcy, carefully weigh your options. Making this decision is going to impact your life for several years. If you have considered all of the other options, carefully follow the correct steps to file for personal bankruptcy and prepare for what changes it will bring.

Source: http://www.sibensiben.com/long-island-injury-lawyer-blog/uncategorized/tips-n-how-to-ind-a-bankruptcy-lawye-from-long-island-bankruptcy-attorneys-siben-siben-llp-1-866-siben-law-2-2-2-2-2-2-2-2-2-2-2

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Product Review: My Perfect Pet frozen dog foods | Dog Sense

By Liz Palika

My Perfect Pet,?Poway, CA ?1-858-486-6500?www.myperfectpet.net

Disclaimer: I have no association with My Perfect Pet and have received no compensation from them.

Regular readers know I?ve been studying nutrition and dog foods for many years. The huge recalls of 2006/2007 were certainly a turning point for me and convinced me that the pet food industry had some problems. Let?s just say, some people/companies/corporations didn?t have our pets? health in mind when they created their products.

When one of my dogs was diagnosed with a congenital illness, I discovered The Honest Kitchen?s foods. These foods supported her health nutritionally so that even though there was no cure for her illness, she was able to live a long life. I continue to feed The Honest Kitchen?s foods today because they are excellent foods and I enjoy the company?s ethics and business philosophies ? a rarity today.

I continue to study nutrition and watch dog foods and dog food companies. Not only are companies bought out by corporations on a regular basis but recipes and formulas change. Recalls also continue to happen with pets suffering from bad ingredients or contaminated foods.

The industry doesn?t have many bright hopeful moments but a new company out of Poway, CA (San Diego county) appears to be one. My Perfect Pet makes cooked frozen dog foods. The foods are in bar form that need to be thawed before feeding.

The phrase that the company uses to describe the foods is, ?Lightly cooked.? This is apparently used to differentiate their foods from kibbled or canned foods that are cooked at much higher temperatures. These high temperatures can destroy nutrients while the lower temperatures that My Perfect Pet uses maintain nutrients yet destroy bacterial contamination that could potentially be in the ingredients. Cooking at lower temperatures can also help make the ingredients more digestible.

There are several recipes. One, Boomer?s Blend, contains chicken (skinless breast and thigh), beef (London broil and brisket), whole sweet potato, whole grain brown rice, whole egg, beef liver, organic safflower oil, natural calcium, organic flaxseed oil, and other ingredients that supply oils, vitamins, and minerals.

Another recipe is Hunter?s Blend. This is a cereal grain free recipe that contains turkey (skinless white), chicken (skinless thigh), whole sweet potato, salmon, spinach, chicken liver, and other ingredients.

There appears to be a focus on using whole foods (versus food parts) in the recipes so that more complete nutrition is provided. For example, in many dog foods the egg ingredient is listed as dried egg product. This often means the eggs parts are the leftover from another recipe. My Perfect Pet uses whole cooked eggs with the shell removed. The company states, ?While the shell is relatively high in calcium, they can be abrasive to the more delicate digestive tracts and so are never included in our products.?

While looking at the guaranteed analysis on the packaging of the food, you might think that the foods are low in protein and fat. Many of the foods show on the label that they contain 11 to 12% protein and 6 to 7% fat. Compared to most dry kibble foods, this is low. However, these foods have a moisture content that can be compared to canned foods. So if the dry matter content of the foods is figured out, the figures change. Looking at the Hunter?s Blend food, the dry matter protein basis is 37% and fat is 20%. These are comparable to many other high quality foods.

Overall, I really like the My Perfect Pet foods. The foods are of good quality, the ingredients appear to be of good quality, and the processing helps the foods retain essential nutrients. The company?s website is informative. Plus, my dogs eagerly ate the foods.

I had a problem with the foods, though. I?m not used to dealing with frozen foods. The foods need to be thawed before feeding so at each meal, the next meal?s bars need to be moved from the freezer to the refrigerator. Because I?m not used to doing that, invariably I would go to feed the dogs and the bars would be frozen. But this isn?t a problem with the food; it?s my issue. I?m sure that if I fed the food regularly I would develop the habit.

The cost of the food might be prohibitive for many dog owners. I compared costs for a 50 pound dog (as my Australian Shepherds average 50 pounds) for one day. The My Perfect Pet foods were significantly more expensive than The Honest Kitchen?s Keen. If I were to feed all three of my dogs the My Perfect Pet foods, it would be an expense that would need to be considered.

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Source: http://www.kindredspiritsk9.com/blog/2012/11/20/product-review-my-perfect-pet-frozen-dog-foods/

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Tuesday, November 20, 2012

PFT: Packers rally? |? Saints go from 0-4 to .500

Jacksonville Jaguars v Houston TexansGetty Images

I used to think that I, and I alone, knew the perfect solution to the question of how overtime games should be decided. Nine years ago this week, I wrote about my proposal to reduce the importance of the coin toss in the NFL?s system of sudden-death overtime. I called it splitting the overtime pizza, and I was sure that I had come up with the original and perfect solution for overtime, by letting one team choose the yard line for the overtime kickoff, and then letting the other team choose whether to kick or receive.

There were a couple of problems with my original and perfect idea: One was that it wasn?t original, as I later learned that others had proposed similar overtime solutions. The other is that it must not have been perfect, because no matter how hard I tried to explain that my system was the fairest method of resolving a game that?s tied at the end of regulation, I usually just got confused looks when I talked about it.

Still, I soldiered on, and as the NFL adjusted its system of overtime, tweaking the pure sudden-death format and eliminating the ability to win on a field goal on the first possession, I would stubbornly insist to anyone who would listen (a diminishing number of people) that my way of overtime was the better way.

And then I sat there watching the three overtime games going on simultaneously at 4:30 on Sunday afternoon, thinking to myself that I couldn?t remember the last time I enjoyed an afternoon of football so much, and I realized I had been hoist with my own petard.

Yes, the NFL?s overtime system is wonderful.

The new rule, which largely keeps the sudden death format but adds the provision that a team can?t win with a field goal on the opening possession, really is the best of both worlds. It has the excitement of knowing that the game can end on any play, which was always the best part of sudden death, but it gets rid of the games when the team that receives the overtime kickoff just picks up a few first downs and plays it safe as soon as it gets into field goal range, which was always the worst part of sudden death. That change to sudden death overtime, which the NFL implemented for the playoffs two years ago and expanded to include the regular season this year, adds a strategic element and just generally makes overtime more fun.

It was a lot of fun on Sunday, when three of the eight early afternoon games went into overtime and we got to see three different ways that an overtime game can end:

1. The Texans became the first team in NFL history to score twice in overtime: Houston received the overtime kickoff and marched down the field on a 14-play, 73-yard drive that culminated with a field goal, which under the old rules would have ended the game ? and the old rules would have deprived us of a great overtime period after that. The Jaguars received the ensuing kickoff and went on an 11-play, 53-yard drive that culminated in a field goal of their own. That tied the game, and from there the next score would win. We then saw a wild sequence in which Texans quarterback Matt Schaub threw an interception, which was followed by the Jaguars getting stopped for no gain on four straight plays and turning the ball over on downs, which was followed by Schaub hitting Andre Johnson for a game-winning 48-yard touchdown pass.

2. The Buccaneers received the overtime kickoff and were forced by the new rules to try to score a touchdown, rather than settling for a field goal. The Buccaneers were in field goal range after four plays, but they didn?t settle for a field goal right then and there, instead running four more plays and winning the game on the opening possession with a touchdown pass from Josh Freeman to Dallas Clark.

3. The Cowboys and Browns traded punts on their opening drives, but the Cowboys had won the field position battle by driving 39 yards on their opening possession and then punting deep into Cleveland territory and holding the Browns? offense to three-and-out. Once each team had possessed the ball, it was sudden death from there, and on the third drive of overtime, the Cowboys needed to go just 28 yards to set up Dan Bailey?s 38-yard game-winning field goal.

When I watched all three of those thrilling overtime endings back-to-back-to-back, it was impossible not to love the way the NFL does overtime. Sunday afternoons don?t get much better than that.

The three simultaneous overtimes were my favorite part of Sunday?s NFL action. Here are my other thoughts:

Give Rex Ryan credit. After a week in which the NFL media wrote the Jets off for dead, called their locker room a circus and generally acted like they were the biggest joke in the NFL, Rex Ryan had his team playing very hard in a 27-13 win at St. Louis. This Jets team has all kinds of problems on offense, but Ryan has always done two things very well as a coach: Design defensive game plans, and get his team to play hard when their backs are against the wall. The 4-6 Jets probably aren?t going to make a playoff run ? losing Darrelle Revis for the season was devastating to the defense, and the talent on offense just isn?t there ? but Ryan isn?t driving a clown car. He?s running a football team and doing a pretty good job of it.

Ken Whisenhunt?s failure to figure out the quarterback position will be his undoing. It?s surprising that Whisenhunt, who was known as a smart offensive schemer during his time as an assistant coach, has so thoroughly botched the quarterback position during his tenure as a head coach. Early in his tenure as the Cardinals? head coach, Whisenhunt failed to see what should have been obvious, which is that Kurt Warner is a much better quarterback than Matt Leinart. Eventually Whisenhunt realized Warner was the man for the job, and Warner got the Cardinals to a Super Bowl. But after Warner retired, Whisenhunt again failed to find a quarterback, playing musical chairs among Derek Anderson, John Skelton and Max Hall, before the Cardinals made the disastrous decision to trade for Kevin Kolb. Whisenhunt?s latest decision at quarterback was to bench Skelton on Sunday in favor of Ryan Lindley, who proceeded to throw away an early lead, completing nine of 20 passes for 64 yards and losing a fumble that was run back for an Atlanta touchdown. After the defense carried the Cardinals to a 4-0 start, the Cardinals have now lost six in a row, and Whisenhunt is in jeopardy of losing his job because he couldn?t find anyone to play quarterback.

The Eagles have given up on the season. Redskins quarterback Robert Griffin III is a great talent, but the Eagles? defense made him look like Joe Montana as he completed 14 of 15 passes for 200 yards and four touchdowns. Philadelphia coach Andy Reid is about to get fired, and the Eagles have a whole lot of guys who look like they don?t care.

What was Belichick thinking? Deep in the fourth quarter of the Patriots? 59-24 win over the Colts, coach Bill Belichick kept many of the Patriots? most important players on the field, even though the game was out of reach. I?m baffled that Belichick would expose key players like Tom Brady (who was throwing passes with a 28-point lead late in the fourth quarter) and Rob Gronkowski (who broke his arm on the Patriots? last extra point) to injury at a time when the Patriots already had the game locked up. Brady emerged from the game unscathed, but Gronkowski?s injury is a major blow to the offense. With the Patriots having a quick turnaround before playing the Jets on Thanksgiving, Belichick should be resting his players, not working them overtime. Leave the overtime to the teams that have to play overtime, coach.

Source: http://profootballtalk.nbcsports.com/2012/11/18/packers-come-back-to-win-in-detroit/related/

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Banks give $22 billion under mortgage relief deal

10 hrs.

Five U.S. banks have provided about $22 billion in mortgage relief to customers under a deal to settle borrowers' accusations over foreclosures, a report by the settlement's monitor said on Monday.

The report said that Bank of America Corp, which owes the most, improved in delivering first-lien mortgage modifications to customers, trailing only JPMorgan Chase & Co through September.

Bank of America provided $889.2 million in first-lien modifications that reduced loan balances for consumers, a turnaround from August when the bank had completed none. JPMorgan Chase & Co's total was $903.1 million in modifications, the most of the five banks.

Monday's report by Joseph Smith, the former North Carolina Banking Commissioner who is serving as the settlement's monitor, said the five banks together have completed about $22 billion in customer relief, up from $10.6 billion in August.

Smith said in an interview that he was "encouraged" and that February's settlement between five banks and federal and state officials had "made significant progress." But he cautioned that no banks have met their obligations until their numbers are reviewed and credited.

Counting $4.2 billion more in active trial modifications, the five banks have provided $26.1 billion in relief through September to 300,000 borrowers, according to the report.

A coalition of national and local consumer, housing and financial reform groups, the Campaign for a Fair Settlement, said it is disappointed that the banks did not show more progress on first-lien mortgages modifications compared to August. For example, it said about 31,000 borrowers were in active trial first-lien modifications at the end of September, a slight increase from 28,047 at the time of the last report.

"There is a big gap there," said campaign representative, Dan Petegorsky.

The settlement, to resolve allegations of faulty foreclosures, requires banks to provide around $20 billion of consumer relief by taking actions such as reducing loan balances for struggling borrowers and refinancing loans for customers whose homes are worth less than the value of their mortgages.

The banks, however, have not necessarily met their obligations yet because the settlement only provides for partial credit for certain kinds of relief. The banks only receive credit for $0.45 of every dollar of a write-down through a short sale, for example.

Short sales - in which borrowers sell their homes for less than the value of the mortgage - accounted for the largest portion of the total relief, about $13.1 billion.

The banks reduced consumers' first-lien mortgage and home-equity debt by $6.3 billion through loan modifications and other actions. They also completed $1.4 billion in refinancings.

Bank of America delivered $11.8 billion in total relief to consumers, the most of any bank, with short sales accounting for $7.4 billion of its total. JPMorgan provided the second most relief - about $6 billion.

The other banks in the settlement are Wells Fargo & Co ($2.5 billion in total relief), Citigroup Inc ($1.1 billion) and Ally Financial Inc ($587.8 million).

Bank of America, which acquired troubled lender Countywide Financial in 2008, owes about $11.8 billion in consumer relief and other payments. The bank has said it will meet its obligations within the first year.

If a lender does not meet its required relief within three years, it will be required to pay a penalty of no less than 125 percent of its unmet commitment, the report said. Smith said he expects the banks will complete their requirements earlier than three years.

Banks are required to meet at least 60 percent of their obligations through modifying first and second loans, so short sales are not expected to eventually be the bulk of the consumer relief, on a credited basis.

Short sales comprise a lion's share of the relief because they can be counted as soon as a sale is completed, Smith said. Modifications aren't considered complete until after the borrower has made three payments.

The coalition's Petegrosky said the group is concerned that banks are not required to report the race and income level of the borrowers receiving modifications. He said lower-income and minority borrowers received the worst loans during the housing boom.

"Our counselors and attorneys on the ground are scratching their heads at these stats because their clients aren't getting" modifications," he said.

Source: http://www.nbcnews.com/business/big-u-s-banks-give-22-billion-under-mortgage-relief-1C7155111

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