East Meadow Armed Robbery ‘Likely’ Related to Crime Spree, Cops Say

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York An armed robbery in East Meadow early Wednesday morning is “likely” related to a string of similar crimes that have occurred in Nassau County over the last two months, including one case in which a clerk was murdered, Nassau County police said.Dep. Insp. Kenneth Lack, the police department’s chief spokesman, said detectives are investigating the robbery at a Sunoco gas station on Hempstead Turnpike at 1:40 a.m. Wednesday, which he said is likely related to nine similar incidents since Dec. 20. The same suspect is believed to be responsible for the slaying of a 58-year-old gas station attendant in Jericho on Jan. 28.In the latest incident, police said a male entered the gas station at 2475 Hempstead Turnpike and approached two employees, demanding cash while threatening the pair with a black handgun. The suspect fled on foot after obtaining an unknown amount of cash, police said. No customers were inside the gas station at the time of the robbery, police said.A description of the suspect was not provided. But the suspect in the string of armed robberies has been described as a black man between 5-feet, 11-inches and 6-feet tall, with a thin build, wearing all black Nike clothing, a black mask, black gloves, black Nike sneakers with red laces and armed with either a black or a silver revolver.“This subject has demonstrated that he is very violent, or can be very violent,” acting police commissioner Thomas Krumpter said during a press conference last week. The investigation, he added, “is one of the highest priorities of this department at this time.”Two days prior to the press conference, the same suspect robbed a Shell gas station in Jericho on Feb. 8.Police have yet to say if anything was taken during the homicide in Jericho.Aside from cash, the assailant has also robbed several businesses for cigarettes. All but two of armed robberies believed to be linked occurred at gas stations. The suspect twice robbed a Hicksville 7-Eleven store in the span of five days.The string of crimes has sparked a massive manhunt. Krumpter said last week that both the robbery and homicide squads, plus the Major Case Bureau and Bureau of Special Operations are investigating the incidents.last_img read more

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Navigating the mortgage maze

first_img 42SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John San Filippo John San Filippo is the founder and president of OmniChannel Communications Inc. He has nearly 40 years of experience in financial services and technology. He’s written for every major … Web: www.financialfeed.com Details Whether you’re buying your first home or your fifth home, your finance options can be confusing. That’s because many types of mortgage loans are available, with varying rates and terms. However, the basic difference in mortgage loans boils down to these differences:Whether the interest rate is fixed or adjustable.Whether the loan is government insured.Fixed or adjustable?As the name implies, a fixed-rate loan is a mortgage loan with an interest rate that never changes. Since the interest rate never changes, the monthly payment amount never changes, either. That means, for example, if you get a 30-year fixed rate loan and keep the loan for that long, you’ll make 360 identical payments to your lender (give or take a few dollars on the final payment).Many consumers like the predictability and stability of a fixed rate mortgage. And over time, as your income presumably grows, that fixed payment amount will seem smaller and smaller. When rates are historically low, like they are now, fixed rate mortgages are a good deal.If you’re looking for the lowest possible initial payment and you’re confident that your income will rise over time, you may want to consider an adjustable rate mortgage, or ARM. With an ARM, your initial rate is a) typically lower than the rate on a fixed rate loan, and b) locked in for five years. That means that your ARM will behave like a fixed rate loan for the first five years.But what happens after five years?Your rate will start adjusting – as often as annually and as infrequently as every five years, depending on the terms of your specific loan. It should come as no shock that ARM rates generally adjust up rather than down. And every time your rate goes up, your payment goes up, too. This can come as quite a shock to a fragile budget.Rates are expected to increase over the next several years, so if you opt for an ARM, keep in mind you may experience some serious sticker shock in five years when your rate adjusts … and it will adjust higher.Conventional or government insured?A conventional loan is one that involves just you and your lender. Pretty simple, eh? So why would you want to get the government involved in your mortgage loan?It depends on which government insured loan program we’re talking about. These loans come in three flavors: FHA, VA and USDA.An FHA (Federal Housing Administration) loan can be a good choice if you don’t have much money to put down – it only requires a down payment of 3.5 percent, while most conventional loans require a down payment between 5 and 20 percent. An FHA loan can also be helpful if your credit is less than stellar. Since your loan is insured by the government, your lender may be willing to make what may seem like a riskier loan, because the government will guarantee the bank will be repaid, at least in part, if you can’t.The rub? The FHA doesn’t insure these loans just to be nice. You actually have to pay for that mortgage insurance yourself, an amount that’s tacked to your monthly mortgage payment. However, if you get a conventional loan and have less than 20% for a down payment, many states require that you pay mortgage insurance, called PMI.If you’re a veteran of any branch of the U.S. military, you should consider a VA loan. The VA loan program is administered by the Department of Veteran Affairs. A VA loan works a lot like an FHA loan, except for one extremely important difference: A VA loan doesn’t require any down payment whatsoever. That can be huge for a cash-strapped family looking to own their own home.Finally, the U.S. Department of Agriculture offers a loan program for low-income families living in rural areas. To qualify for this program, your family can’t earn more than 115 percent of the average median income for your county.The loan types described here cover the vast majority of U.S. mortgage loans, but there are many, many subtle variations. If you have questions, your best bet is to ask a mortgage expert at your credit union.last_img read more

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WBC seeks information on Whyte dope test reports

first_imgLONDON, England (Reuters) – The World Boxing Council (WBC) said yesterday it had asked Britain’s governing body for information after media reported that heavyweight Dillian Whyte failed a dope test before fighting Colombian Oscar Rivas in London last weekend.Whyte won the fight on a unanimous points-decision at the O2 Arena, making him a mandatory challenger for WBC heavyweight champion Deontay Wilder.The world body said it had yet to receive “any notification from anyone about a positive anti-doping test allegedly yielded by Dillian Whyte in connection with last Saturday’s fight.“The WBC has requested that the BBBofC, as the local governing entity that oversaw that fight, formally provide any available information to the WBC.”The British Boxing Board of Control (BBBofC) has made no comment other than saying all anti-doping procedures were carried out for them by UK Anti-Doping (UKAD).UKAD also had no comment.Whyte’s promoter Eddie Hearn said on Twitter that Whyte and Rivas “were subject to extensive VADA (Voluntary Anti-Doping Association) and UKAD testing for their bout.“Both fighters were cleared to fight by both bodies and the BBBofC,” he added.Rivas’s promoter Yvon Michel said on Twitter he had read a report on the Boxing Scene website (www.boxingscene.com) with “great stupefaction”.“Up to this moment nobody on the concerned parties have confirmed or denied to us this information,” he added.American Wilder published an expletive-laden tirade on Instagram yesterday in response to the reports.Whyte, 31, served a two-year ban between 2012 and 2014 after testing positive for a banned stimulant. The BBC said he risked an eight-year ban for a second offence, if confirmed.last_img read more

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