Australia comes out tops on Chinese travellers wishlist

first_imgAustralia comes out tops on Chinese travellers’ wishlistIf you think you’ve noticed more Chinese sightseers on the streets, you’re not mistaken. According to global accommodation booking website Hotels.com, Australia has come out on top – for the second year in a row – as the most desired destination for Chinese travellers to visit in the next 12 months.Sydney and Melbourne came in first and second places in the list of top 10 cities globally that Chinese travellers say they intend to visit in the next 12 months, with a fifth of all travellers putting Sydney at the top of their list. This puts Australia’s two biggest cities ahead of other major global cities like Paris, Hong Kong and Tokyo. Brisbane made it to 10th position.With the Australian dollar falling, more than 840,000 visitors from China arrived Down Under in 2014, representing an increase of more than 18 per cent on the previous year. Chinese travellers continue to take the world by storm, with their numbers up 20 per cent in 2014 to a staggering 107 million, and there’s seemingly no stopping the rising tide. According to forecasts, outbound Chinese travellers could number around 174 million in four years’ time, spending about US$264 billion annually. This is roughly equivalent to the GDP of a developed country like Singapore.What’s more, they’re younger, more independent-minded and tech-savvy – and increasingly cashed-up.Surveying more than 3,000 Chinese international travellers and 1,500 hoteliers from around the world, Hotels.com’s annualChinese International Travel Monitor examines the growth trends in mainland Chinese international travellers and the impact this is having on the global travel industry.Apart from Australia’s two iconic landmarks named in the top 20, the Pyramids of Giza in Egypt, Mount Fuji in Japan and Paris’s Eiffel Tower top their wishlist of ‘must-visit’ sites globally. The Red Centre’s Uluru made the top 50 at 41.Australia was rated by outbound Chinese travellers as one of the top ten most welcoming countries, adding weight to the reputation of the laidback, friendly way of life Down Under. South Korea was rated the most welcoming country, followed by Thailand and Japan.Commenting on this year’s Hotels.com Chinese International Travel Monitor, Katherine Cole, Regional Director, Australia, New Zealand & Singapore for the Hotels.com brand, says the Australian tourism industry has a huge opportunity at its fingertips. “This year’s report is another wake-up call for countries like Australia to pull out all the stops to accommodate Chinese travellers and tailor their services for this market, as the potential is huge.“Hotels.com recognises the expanding influence of Chinese millennial travellers, an increasingly more affluent Chinese traveller, and the explosion of the use of technology, in particular mobile, as part of the accommodation research and booking process,” Ms Cole said.John O’Sullivan, Managing Director of Tourism Australia, said that China was now Australia’s most valuable market, in terms of visitor expenditure, with Chinese visitor spending up 19% in 2014 to $5.7 billion.“One of the key findings in this report, supported by our own research, is that the Chinese rank Australia at the very top of their global travel wish list,” said Mr O’Sullivan.Source = Hotels.comlast_img read more

Its first class all the way for APN Outdoor and Sydney Airport

first_imgIt’s first class all the way for APN Outdoor and Sydney AirportAPN Outdoor has this week unveiled an extensive build program already underway at Sydney Airport that will reinvigorate and renew the space, transforming the precinct into Australia’s leading media estate.Having officially announced the successful tender to oversee advertising in Sydney Airport’s T1 (International) and T2 (Domestic) terminals in May, APN Outdoor have since kept very busy as they undertake building and refurbishing some of the most impressive advertising assets seen on airport land in Australia and around the world.With a keen focus on digital signage, and the highest quality light boxes both internally and externally, the market leaders have invested significantly to ensure that this space is fitted out with the most impressive sites, with the highest resolution and most up to date technology.Installing over 80 new digital sites within T1 and T2, not to mention the widespread upgrades to existing sites, APN Outdoor are truly raising the bar in airport advertising, taking Sydney Airport’s advertising assets to new heights.The overall Sydney Airport space is currently undergoing significant transformation throughout, upgrading existing retail environments and developing the duty free area among other things.Sydney Airport General Manager Retail Glyn Williams said, “Sydney Airport’s improvement program will deliver a world-class airport experience for passengers, visitors and staff.  A key focus is ensuring a seamless travel experience for our passengers at every stage of their airport journey.”APN Outdoor have subsequently designed their packs, through which the inventory will be sold, to reflect and enhance these journeys, and the overall cohesion of the entire airport experience.“APN Outdoor’s redevelopment and renewal of the assets, both outside the precinct and within the terminals, further complements the seamless journey by adding another element of engagement for passengers and the many other visitors we see at the airport each and every day,” Mr Williams said.Development within the airport space has officially begun with new builds and upgrades underway. APN Outdoor’s sales force will be promoting the assets out in market from mid-July onwards however the official handover date is October 1, when APN Outdoor will hit the ground running with their impressive new inventory expected to be live and fully operational.Richard Herring, CEO, APN Outdoor commented on the developments, “The reinvigoration of Sydney’s T1 terminal and acquisition of T2’s advertising assets has truly bolstered and strengthened APN Outdoor’s airport offering. The busiest domestic and international terminals in the country are now a stronghold within our portfolio, and further proof that when you think airports, you need to think APN Outdoor.” Learn more hereSource = APN Outdoorlast_img read more

PATA takes lead in responsible tourism

first_imgIn an important milestone, the Headquarters of the Pacific Asia Travel Association (PATA) located in Bangkok, Thailand, has achieved Bronze Benchmarked Sustainability Certification by EarthCheck, the world’s leading scientific benchmarking, certification and advisory group for the travel and tourism industry.The official certificate handover ceremony will take place during the PATAcademy-HCD Workshop on Sustainability in Tourism from December 1-3, 2015.A dedicated team at PATA worked together with EarthCheck for 12 months to collect and collate operational data and information on its practices in order to be benchmarked against EarthCheck’s global sustainability standard.The benchmarking data addressed a wide range of issues, including water, waste and energy use, occupational health and safety, risk management, community contributions and the use of paper, chemicals and cleaning products.EarthCheck’s three-tiered rating of Bronze, Silver and Gold status is built on the belief that effective scientific benchmarking puts rigour and transparency into business processes, benefitting all stakeholders in the long term.This is the first time PATA has sought and achieved any sustainable operations standard.PATA CEO Mario Hardy, commented, “Since 1951, PATA has aspired to be a catalyst for the responsible development of travel and tourism to, from and within the Asia Pacific region.“We are honoured and proud to achieve such recognition, as it reflects our staff’s commitment to taking action for constant improvement.“EarthCheck’s benchmarking allows us to measure ourselves against global industry standards, a valuable resource that gives pointers on where we do well, and where we can do more.”Headquartered in Australia, EarthCheck is a sustainability program that assists businesses, communities and governments in their efforts to protect and enhance the environmental, economic and social sustainability of their tourism initiatives.In presenting the certification, founder and CEO, Stewart Moore, announced, “I would like to congratulate the whole team at PATA on their achievement. The association is a leading advocate in the region and a valued member of a global group of tourism stakeholders who dare to make a difference.“PATA is the first office in Thailand to benchmark and apply for certification through the EarthCheck program. In doing so, it is measuring its performance against best practices and making positive changes to reduce its environmental and social impact.”For PATA’s team, this certification is an enormous accomplishment, and long foreseen. As a frontrunner in sustainable travel and tourism, PATA now has yet another stamp of responsible action to lead with, and hopes to influence others to do the same. Pacific Asia Travel AssociationSource = Pacific Asia Travel Associationlast_img read more

Catching agencies before they go bust

first_img About roomsXMLlearn more here roomsXMLconnect today Source = roomsXML roomsXML connect today here www.roomsxml.comCatching agencies before they go bustA few weeks ago I was in Sydney, talking with an associate who knows the industry whose opinion I respect.  His words “Mark they are all over the place…. Agencies selling airfares at cost, or only 1%. Some are even charging less for the ticket than they are buying it for to try and drive more sales. Then they get more sales which just puts them into more debt… Once they start the spiral they can’t get out. Its EVERYWHERE.”Two weeks later I was back in Sydney presenting at AIITC about “selling India” .Sadly, in a horrible coincidence, these stories began appearing in the news the next day about “Value World Travel”, a travel agency servicing the Indian market, who had gone bust.Seems travel companies going bust are good click fodder for advertising.In some respects is not surprising as it’s been a tough year for many agents and after a quieter than expected October of the back of poor consumer sentiment. It could be the start of the tsunami. Agencies going broke are bad for travelers who lose their money, bad for the agency brands and terrible for an industry trying to compete against cashed up online travel agencies.But the information from my friend in Sydney a couple of weeks before is not a one-off; when CTS travel went broke everyone came out of the woodwork saying they expected as much as the gentlemen involved allegedly had a reputation as gambler. So everyone knew.  Socially, we knew who was going to go broke.So the question is, should we do anything about it, should we dob in an agency? Should AFTA play a role in minimising the damage?With regard to AFTA, this is not in their remit. I spoke to Gary O’Riordan earlier this year who confirmed that it would be nearly impossible for AFTA to get involved.So how about wholesalers? Should a company like roomsXML tell a competitor to look out for an agent who has stopped paying their bills? Should we be telling Airtickets? Does it breach a confidence? Is it giving away valuable IP sharing customer details with competitors? Are we open to legal action in case someone hears we’ve been suggesting their credit status is less than ideal .So the obvious answer is no and potentially open to abuse. So there is no room for a private room where wholesalers share information about risky customers.But it would definitely be beneficial if we could. Because if we stop supplying these companies, they can’t continue to sell and that’s minimising the risk. Banks in Western Australia are running analytics on farms and showing them that due to changing weather patterns, they will be broke in three years and giving them the chance to pull out now whilst they are ahead.Should the travel industry do the same? Do we have a duty of care to travelers to steer them towards the best agencies?A rhetorical question, but maybe it is time for a financial credit rating system for travel agencies.last_img read more

20 of the Worlds Most FunFilled Destinations

first_img20 of the World’s Most Fun-Filled Destinations20 of the World’s Most Fun-Filled DestinationsThe World’s Most Fun-filled Destinations explored a range of metrics from the number of amusement parks to the number of bars and restaurants, whilst taking into consideration the square km of these destinations.The Top 5 countries that should be on your bucket list include:  The Netherlands – While also the number one for culture, the Netherlands boasts a huge array of museums and concert halls.Cyprus – With 188 national attractions, 31 casinos and 32 museums, Cyprus was not overlooked in terms of its flow of culture and entertainment. Belgium – Despite its small size, Belgium ranks third with 295 national attractions, 50 museums and 45 amusement, animal and water parks. United Kingdom – From concert halls and art galleries to Michelin Star restaurants and UNESCO World Heritage Sites, there’s a lot of culture to explore across the UK.Germany– With the second highest number of Amusement, Animal and Water Parks, Germany has plenty of fun to throw yourself into.You can see where your country ranks here.Source = The World’s Most Fun-filled Destinationslast_img read more

Lufthansa expands A380 fleet in Munich

first_imgLufthansa expands A380 fleet in MunichTwo additional Airbus A380 aircraft to be stationed in Munich as of Summer 2020From Munich, Lufthansa will operate to Boston with the A380 for the first time and San Francisco will offered year round with the double decker  Starting in Summer 2020, Lufthansa will be taking off from Munich with two additional Airbus A380 aircraft. This will increase the Munich A380 fleet to a total of seven aircraft, with the remaining seven stationed in Frankfurt. Soon, Lufthansa passengers can experience the world’s largest commercial aircraft on five routes from Munich, including the addition of two new destinations served by the double decker. For the first time, Lufthansa will be operating the A380 to Boston and serving San Francisco with an A380 year-round. In addition to these routes, Los Angeles, Beijing and Shanghai are also on Munich’s A380 flight schedule for summer 2020. “Since last March, the A380 has been operating very successfully from Munich. A few weeks ago, we welcomed the millionth A380 passenger on board in Munich. Our customers and our crews love the A380 experience. The flagship of our fleet is perfect for our 5-Star hub Munich. We will continue growing where quality and costs go hand in hand,” says Harry Hohmeister, Member of the Executive Board of Deutsche Lufthansa AG.Currently, Lufthansa operates the Airbus A380 from Munich to Los Angeles, Beijing and Hong Kong. In the upcoming 2019/2020 Winter Schedule, the giant Airbus will operate to San Francisco, Miami and Hong Kong (until December 2019) as well as Shanghai (as of January 2020).The Airbus A380 has been the flagship of Lufthansa since 2010, with a fleet of 14 aircraft.  As of summer 2020, seven will be stationed in Munich and seven in Frankfurt. The Airbus A380 is the world’s largest commercial aircraft – 24 meters high and almost 73 meters long. Thanks to a high proportion of composite materials, the A380 is 15 tons lighter and has a 50 percent lower noise level than comparable long-haul aircraft. Moreover, the A380 flies in and out of airports, at the same speed of anA320. All of these characteristics contribute to the reduction of aircraft noise in airport surrounding areas.The A380 has 33 percent lower fuel consumption and correspondingly lower CO2 emissions than aircraft of the previous generation.Source = Lufthansa Grouplast_img read more

CFPB Proposes Draft Mortgage Statement for Borrowers

first_img The “”Consumer Financial Protection Bureau””:http://www.consumerfinance.gov/ (CFPB) called for public comment on a draft it recently proposed for a mortgage statement required for borrowers under the Dodd-Frank Act.[IMAGE]If approved, mortgage servicers and assignees of the loan would need to distribute the statement to borrowers with [COLUMN_BREAK]information that includes the principal loan amount, current interest rate, any late payments and penalties, and contact information for both the servicer and a housing counselor.A “”draft version””:http://www.consumerfinance.gov/wp-content/uploads/2012/02/20120213_cfpb_draft-periodic-mortgage-statement.pdf of the statement shows that servicers would also need to break down past payments and notify borrowers of any important news or information.””This draft statement shows consumers the breakdown of their mortgage payments ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô what money goes to the loan principal, interest, and fees,”” CFPB director Richard Cordray said in a statement. He billed the rule as one that would “”help consumers stay on top of their mortgage costs and hold their mortgage servicers accountable for fixing errors that crop up.””Given the widespread mortgage servicing problems we’ve seen over the past few years, consumers need clear disclosures they can count on,”” he added.The CFPB said it would propose a rule that finalizes the borrower statement later this year. in Government, Origination, Secondary Market, Servicing February 17, 2012 459 Views CFPB Proposes Draft Mortgage Statement for Borrowerscenter_img Agents & Brokers Attorneys & Title Companies Consumer Financial Protection Bureau Dodd-Frank Lenders & Servicers Processing Richard Cordray Service Providers 2012-02-17 Ryan Schuette Sharelast_img read more

CoreLogic Announces New Compliance Manager to Help Lenders With TRID

first_img June 23, 2015 550 Views CoreLogic Announces New Compliance Manager to Help Lenders With TRID in Headlines, News, Technology Sharecenter_img CoreLogic recently announced the release of its LoanSafe Compliance Manager, a new solution to help lenders comply with a broad array of federal, state, and local residential mortgage lending regulations, including the upcoming TILA-RESPA Integrated Disclosure (TRID) rule.The LoanSafe Compliance Manager is powered by ComplianceEase, a provider of automated compliance solutions to the financial services industry, and is a new part of the LoanSafe mortgage risk management suite from CoreLogic, according to the announcement.“CoreLogic is committed to providing our clients with smart, integrated solutions that help them comply with the myriad of relevant regulations, including TRID, with minimal disruption to their workflow,” said Olumide Soroye, managing director of Information Solutions at CoreLogic. “We are excited to work with a best-of-breed, TRID-ready provider, to bring clients a timely solution that helps identify and address loan-level regulatory compliance issues through seamless integrations with technology partners and support from the industry’s leading compliance experts.”The LoanSafe Compliance Manager helps lenders easily identify and address loan-level regulatory compliance issues by delivering alerts and summary reports supported by detailed analyses, the company says. When the manager program comes across a potential problem, it notifies the user and provides an explanation, calculation, and/or regulation concerning the issue. CoreLogic can then respond proactively and resolve these issues in a timely manner. The Compliance Manager also delivers exception handling and reporting, exportable management reports, and audit reports that can provide comprehensive evidence of an independent compliance review to secondary market investors and regulators.“In a Fannie Mae survey performed in Q4 2014, lenders said they were more concerned about risk due to non-compliance than they were about risk due to lower loan volume, and that was in a year that saw originations decline more than 35 percent,” said John Vong, president of ComplianceEase. “Our partnership with CoreLogic allows us to jointly enable more lenders to comply not only with the current pressing regulatory challenge—the coming TRID rules—but also the hundreds of other existing rules that could apply to a mortgage and that could render it unsalable.”LoanSafe Compliance Manager performs multi-jurisdictional compliance audit reviews covering:TRIDHome Ownership and Equity Protection Act (Sections 32, 35)Loans ineligible for Qualified Mortgage (QM)State and municipal high-cost / anti-predatory laws and regulationsLoan originator compensation restrictionsState license-based consumer lending laws and regulationsSecondary market investors’ and GSEs’ compliance guidelinesLenders’ internal compliance policies ComplianceEase CoreLogic LoanSafe Compliance Manager TILA-RESPA Integrated Disclosure Rule 2015-06-23 Staff Writerlast_img read more

Home Prices Rise in Q2 While July Home Values Decline

first_img Federal Housing Finance Agency Home Prices Home Values Zillow 2015-08-25 Staff Writer Home Prices Rise in Q2, While July Home Values Decline Home prices in the U.S. rose 1.2 percent in the second quarter of 2015 for the 16th consecutive month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI) released Tuesday.The FHFA also reported that the seasonally adjusted monthly index for June increased 0.2 percent from May.In addition, the seasonally adjusted, purchase-only HPI increased 5.4 percent from the second quarter of 2014 to the second quarter of 2015, while prices of other goods and services dropped 1.4 percent. Thus, the inflation-adjusted price of homes rose approximately 6.9 percent over the latest year.“Home price growth in the second quarter once again far exceeded the pace of overall inflation, even as mortgage rates drifted upwards,” said Andrew Leventis, FHFA’s principal economist. “Although too early to tell whether it’s a sign of a slowdown, the monthly appreciation rate in June was more modest than we have seen in a while.”According to the FHFA, home prices increased in every state between the second quarter of 2014 and the second quarter of 2015. Among the top five areas in annual appreciation were Colorado (10.6 percent); Nevada (10.5 percent); Florida (9.7 percent); Hawaii (9.5 percent); and Washington (8.8 percent).On the other end of the spectrum, Zillow reported on Tuesday that home values lowered in July for the first time in four years in their July Real Estate Market Reports.Slowing home values could provide more opportunities for hopeful buyers who have been waiting on the sidelines for the market to cool off.Zillow credits the housing market’s shift to slower pace as the cause for the decline in home values since the market began recovering almost four years ago.”This slight dip in home values is a sign of the times,” said Svenja Gudell, Zillow’s chief economist. “Many people didn’t think it was happening, but it is: we’re going negative. We’ve been expecting to see a monthly decline as markets return to normal. However, this is not like the bubble bust. We’re not going to see 10 percent declines. The market is leveling off, and it’s good news, particularly for buyers, because it will ease some of the competitive pressure.”According to the report, homes lost 0.1 percent of their value nationally in July, falling to $179,900. Annually, homes appreciated 3 percent, down from 3.4 percent in June. Meanwhile, rents continue to grow at a rapid pace, up 4.2 percent from last July to $1,376.”Slowing home values could provide more opportunities for hopeful buyers who have been waiting on the sidelines for the market to cool off,” the report said. “More homes may be coming online as homeowners who have been watching strong home value growth decide to list their houses as appreciation slows and smaller gains are expected. This could help ease the constrained inventory the market has been facing for the past several months.”Click here to view the Federal Housing Finance Agency’s HPI. Click here to view Zillow’s July Real Estate Market Reports. in Daily Dose, Data, Government, Headlines, Market Studies, Newscenter_img August 25, 2015 418 Views Sharelast_img read more

FHFA Debt Reduction is Still Under Consideration

first_imgFHFA: Debt Reduction is ‘Still Under Consideration’ FHFA Director Mel Watt has been talking about mortgage debt reduction for underwater borrowers who have mortgages backed by Fannie Mae and Freddie Mac almost since he took over that position in January 2014.Housing advocates and Democratic lawmakers have been pressuring Watt to offer some sort of principal mortgage reduction for underwater borrowers since Watt took office. Offering debt reduction to homeowners on GSE-backed loans would be highly controversial because taxpayers remain on the hook for Fannie Mae and Freddie Mac loans while the GSEs remain in conservatorship. More than two years into his tenure as FHFA Director, Watt has still not made a move or a policy change regarding principal forgiveness.The Wall Street Journal reported on Monday, citing “people familiar with the matter,” that FHFA had approved a plan to cut mortgage balances for thousands of eligible homeowners. When contacted by MReport, the FHFA did not confirm or deny the Wall Street Journal story; an FHFA spokesperson did, however, tell MReport on Monday that “The issue of debt reduction is still under consideration and we’re looking for a responsible solution.”The FHFA decided not to offer principal forgiveness to homeowners under the direction of Watt’s predecessor, Ed DeMarco, according to an announcement in July 2012, the FHFA’s website said.”FHFA announced that after extensive analysis of the revised Home Affordable Modification Program Principal Reduction Alternative, including the determination by the Treasury Department to begin using Troubled Asset Relief Program monies to make incentive payments to Fannie Mae and Freddie Mac, we concluded the anticipated benefits do not outweigh the costs and risks,” FHFA said in the announcement. “We concluded the HAMP (Treasury’s Home Affordable Modification Program) alternative program did not clearly increase foreclosure avoidance while reducing costs to taxpayers relative to the approaches currently in place.”Watt has been reluctant to offer principal forgiveness due to the risk it poses to taxpayers, despite pressure from lawmakers and housing advocates. Senator Elizabeth Warren (D-Massachusetts) in particular drilled the Director in a Senate Banking Committee hearing in November 2014. Watt told the committee at that time regarding principal forgiveness that “We have to do this in a way that is responsible, otherwise we just reduce principal for everybody across the board.” Fannie Mae FHFA Freddie Mac Mortgage Debt Reduction 2016-03-22 Seth Welborn in Headlines, News, Secondary Marketcenter_img March 22, 2016 477 Views Sharelast_img read more

White House Top Housing Adviser Departs

first_imgWhite House Top Housing Adviser Departs March 25, 2016 477 Views Housing Adviser Michael Stegman White House 2016-03-25 Staff Writer Michael StegmanMichael Stegman, who currently serves as the National Economic Council (NEC)’s top housing adviser at the White House, is stepping down from that position, a Treasury spokesperson confirmed to DS News on Friday.Treasury confirmed to DS News that Stegman will be leaving the White House to briefly rejoin Treasury, where he worked for four years before joining the NEC. His last day with Treasury will be April 8. Treasury confirmed that Stegman was on temporary detail with the White House and that detail has ended after 10 months. A White House spokesperson referred DS News to Treasury when contacted by email.Stegman joined the NEC in May 2015 after four years as the Counselor to the Secretary of the U.S. Department of Treasury for Housing Finance Policy. During his four years with Treasury, He played a key role coordinating Treasury’s activities relating to the development of housing finance policy. Two areas in which his efforts were concentrated where expanding credit access for mortgages and GSE reform.Analysts predicted back in May when Stegman joined the NEC that his joining the Council made it unlikely that that there would be any major housing policy changes in the Obama Administration’s final 19 months. The predictions were right, so far—in Stegman’s 10 months with the NEC, there have been no such changes, and the GSEs remain in conservatorship after seven and a half years. Not only that, but Treasury Secretary Jack Lew and his Counselor, Antonio Weiss, publicly stated late last year that there will be no GSE reform during the Obama Administration.Before joining Treasury, Stegman was the MacRae Professor of Public Policy, Planning, and Business at the University of North Carolina at Chapel Hill and the Chairman of the Department at Public Policy and founding director of the Center for Community Capitalism. He has a BA from Brooklyn College, City University of New York, and both a Masters and PhD in city planning from the University of Pennsylvania.center_img in Daily Dose, Government, Headlines, News Sharelast_img read more

JPMorgan Chase to Undergo Leadership Changes

first_img Jamie Dimon JPMorgan Chase Matthew Zames 2017-06-08 Staff Writer in Featured, Headlines, News Share JPMorgan Chase to Undergo Leadership Changescenter_img JPMorgan Chase COO Matthew Zames will be stepping down from his role after 13 years, the bank announced on Thursday.“While I am sad to see him leave, I respect his decision and all he has done for JPMorgan Chase,” JPMorgan Chairman and CEO Jamie Dimon said in a memo.According to the New York Times, Zames is leaving to start his own business. “I have been in this business almost 25 years. I spent the vast majority of my time running businesses, driving things forward, facing off against clients, taking business risk. But at its core, look: I’ll be 47 in October. I want to get back to running the railroad — running my railroad, running my business. So it’s just a natural point,” Zames said in an interview.Zames, 46, had a crucial role in guiding the bank during the financial crisis and is credited with raising suspicion over Bernie Madoff a year before his eventual arrest. Zames has long been assumed as a potential successor to Dimon, and the news of his stepping down has led to much speculation of who else may be in the running. A clue as to the frontrunners may be found in who will be taking over his duties during the transition. According to a report filed with the Securities and Exchange Commission, Zames’ responsibilities will be split between Marianne Lake, CFO; Daniel Pinto, CEO of Corporate & Investment Banking; Gordon Smith, CEO of Consumer & Community Banking, Mary Erdoes, CEO of Asset Management; and Doug Petno, CEO of the Commercial Bank, as follows:Marianne Lake: Assuming responsibility for the Chief Investment Office/Treasury, the Office of Regulatory Affairs, the Global Director of Regulatory Relations, Oversight and Controls, and Corporate FinanceDaniel Pinto and Gordon Smith: Assuming responsibility for Global Technology, the Intelligent Solutions group, and Mortgage Capital MarketsMary Erdoes and Doug Petno: Assuming responsibility of COO Global Operations unit, Global Real Estate, Global Security & Investigations, Military Affairs, Events Planning, Procurement, and other general services.In addition to these restructurings, Corporate Strategy and Private Investments will now report directly to Dimon. June 8, 2017 677 Views last_img read more

Downsizing Expenses Whats Triggering Inward Migration in the US

first_img The high cost of living in coastal metros such as Los Angeles, San Francisco, and New York is triggering an inland migration toward more affordable cities. That’s the conclusion of a new report by Redfin that looks at the rise of fast-growing non-coastal metros at the close of Q4 2017.High property values and taxes in coastal metros are pushing migration inward, the report found. The five cities that saw the most outflow (in sheer volume) at the end of 2017 included San Francisco, New York, Los Angeles, Washington, D.C., and Chicago. According to Redfin, nearly 20 percent of San Franciscans using the company’s property search site were looking for homes elsewhere, with Sacramento, California, and Seattle, Washington proving the most popular destinations for fleeing residents of The Golden City.Interestingly, “Seattle saw more users looking to leave than to move to the area for the first time since we began tracking this data at the beginning of 2017,” the report stated. At the same time, nine in 10 residents of Chicago, Boston, Washington, D.C., and Seattle who used Redfin were looking to stay within their respective cities.A full third of New Yorkers using Redfin to search for new homes looked elsewhere. Redfin found that the favored destination for the more than 12,000 New Yorkers leaving is Boston. And while it only lost 83 people, Eugene, Oregon, saw a third of its Redfin users looking to move somewhere else.According to Redfin, the cities seeing the biggest influx from outflow-heavy metros are Phoenix and Las Vegas in the Sun Belt and Atlanta and Nashville in the South. More than 18 percent of all Redfin searches for homes in Las Vegas in the fourth quarter came from Los Angeles, the report stated.It’s estimated that a family earning $150,000 would save about $7,800 in taxes and likely pay less for a similar home if they moved from Los Angeles to Las Vegas. The typical home in Las Vegas costs about $333,000 less than in Los Angeles. Similarly, a New Yorker looking at Atlanta could save $5,800 in taxes for a house that’s around $161,000 cheaper, the report found.“Lower taxes and more affordable housing have historically drawn Californians away from the coast to places like Nevada and Arizona,” said Heidi Ludwig, a Redfin Agent in Hermosa Beach. “The recent changes in tax law have been coming up in my conversations with prospective home sellers. Last year, several of my home-selling clients followed their employer, Toyota, to its new facility in Plano, Texas. I expect to see more people move in the same direction this year, but for different reasons including taxes and overall affordability.”You can read the full Redfin migration report by clicking here. in Daily Dose, Featured, Headlines, journal, Market Studies, News Share Downsizing Expenses: What’s Triggering Inward Migration in the U.S.center_img Homebuyers migration Redfin 2018-02-07 Scott_Morgan February 7, 2018 677 Views last_img read more

Amit Aggarwal Promoted to CTO of Auctioncom

first_img June 8, 2018 548 Views 2018-06-08 Kristina Brewer Share California-based Auction.com, the nation’s largest real estate marketplace for distressed asset disposition, announced that due to strong market demand driving a significant expansion of its technological infrastructure, Amit Aggarwal has been promoted to Chief Technology Officer to oversee this initiative.”In keeping with our commitment to provide the best experience for our buyers and sellers, we continue to enhance our tools that create the most dynamic and trusted real estate marketplace,” Aggarwal said. “Through our marketplace, sellers can better monitor their portfolio performance while also optimizing their pricing strategies within one centralized and user-friendly platform. Likewise, buyers gain unprecedented insight into a property through our technology’s ability to aggregate intelligence and provide information such as a property’s condition, its occupancy status, as well as access to resources, such as title reports, tax lien documents, property information reports, and more. This empowers the industry to more efficiently and profitably transform distressed properties into stabilized community assets.”The organization’s technology expansion will be spearheaded by Aggarwal, who will leverage his 16 years of experience in leading, innovating, designing, and executing large-scale enterprise web based solutions. With his promotion to Chief Technology Officer, Aggarwal will now oversee the technology team, which the company projects to grow by more than 25 percent in the coming months.”Our clients and customers value having access to technology that brings unprecedented levels of information and insight to help with their disposition strategies,” Jason Allnutt, General Manager of Auction.com said. “Our success is directly related to the level of talent within our team, and Amit Aggarwal’s dedication in leading our technology expansion demonstrates his ability to identify and implement industry-leading solutions that truly go ‘Beyond the Bid.’ He is an important member of our organization and in his new role, will play a pivotal part in continuing to lead the way in defining technology’s impact on our industry.”center_img Amit Aggarwal Promoted to CTO of Auction.com in Headlines, journal, News, Technologylast_img read more

July 03 2018

first_imgJuly 03 , 2018 As well as the planting trend toward early season production, Pierson also said that over the years a lot of growers have moved over to the Tommy Atkins variety, due to its benefits both for growers and consumers.”Tommy Atkins tend to survive hot water baths, that resist disease better than some of the others, and they travel better,” she said.”Year ago everybody would have said they don’t like the Tommy Atkins, but I think that as people are learning more about mangoes…a lot of the things that we thought to be true aren’t necessarily true. People would always say the Tommy Atkins is too stringy, however, it’s its one the best mangoes because of the fibrous flesh, for example, it retains its shape for cubing for salads.”So I think that as consumers are learning more about each varietal they’re starting to appreciate the nuances of each and for the most part just enjoying mangoes.”Social media competitions for the summerConsumer education is an important aspect of what Crespo does, Pierson said. During July, it is also holding two social media competitions – #SavorSummerMangoes, which lets consumers show off mangoes’ savory side with photos of their creative recipe ideas, and #KidsCutMangoes, an Instagram contest that demonstrates the best mango cutting method for kids, ‘the Mango Hack’.Crespo owns the largest mango packhouse in Mexico by capacity (see video below) which is able to handle 14 truckloads a day, and grows most of the fruit it sells on its own farms.Pierson said the company is poised for organic mango growth in the future, with the majority of its orchards already certified organic, but organic fruit often being sold under its conventional label.”Organics is a finicky business, you need to have the right sizes and the right volumes and when people need them, so we kind of concentrate on building programs versus just selling mangoes. We’re in it for the long, sustainable haul,” she said.”The Crespo family’s been doing this a very long time, since the 60s, so our goal really on organics is to really build large programs with regional partners – whether it be retailers, wholesalers, distributors, even processors – and really focus on that. Educating consumers is a huge part of what we do and what we feel helps sell more mangoes.” India’s death toll grows amid outbreak of ‘brain f … Conditions in the U.S. market for both organic and conventional Mexican mangoes have overall been stronger than last year despite greater supplies, according to a representative of grower-exporter Crespo. Kent mangoes, Rosario, SinaloaNissa Pierson, who heads up the company’s organic program, said the northern states of Nayarit and Sinaloa are now in peak production. The season kicked off in February in the southern states of Chiapas and Oaxaca and is expected to last into September, depending on the weather, she said.Many growers are reporting a year-on-year volume rise of around 15%.”So far it’s been really great on the organics side. We’ve really been neck-and-neck with demand, with a lot of different moments where demand has pushed past supply a little bit. In years past, especially at this time of year, mangoes have become very voluminous and prices get really low,” she said”The conventional market has also been higher and demand has been stronger this year, which has helped keep organic prices and demand more stable.”Sizing has been a challenge this campaign, according to Pierson, with much of the fruit starting off the season with larger than ideal but is now too small.”The market’s constantly having to adjust to that, and especially on the conventional side it becomes a lot more difficult. Organic demand is still kind of driving the sizing to be a little more flexible than conventional,” she said.Growth for organic mangoes is strongest in the smaller retailers more geared toward natural foods, Pierson said, noting there has been an “extraordinary” 25% growth on organic Ataulfo demand. The company is seeing steady growth in the mass market retailers, but at a slower rate than the stores with smaller footprints.Planting trendsA lot of orchards have been planted in Mexico’s early growing regions in the south of the country on the back of strong growth toward the early part of the season, she added. Crespo Organic Mangoes – Kent, Tommy Atkins, Haden, Ataulfo”It’s growing rapidly in the winter and the fall. Also, it used to be that as soon as the domestic stonefruit came on in the summer everybody would drop mangoes, but we’re not seeing that drop anymore. Mangoes continue to have front and center large displays from the early Mexican season onwards,” she said.  You might also be interested in Origine Group and VariCom sign license deal for FR … Photos: Courtesy of Crespowww.freshfruitportal.com Berry People transitions to Pacific Northwest blue … Walmart now accepts SNAP food assistance for onlin … last_img read more

Tasmanian researcher investigates delicate balance

first_img Tasmanian researcher investigates delicate balance … December 14 , 2018 “Initially the demand was purely taken up in Asia, but in the last two seasons we’ve released the product domestically here in Australia and that’s really given us a good balance for our growers.“We’re doing a lot of targeted marketing around Chinese New Year as well – it’s been really successful.”T&G has commercialization rights in Australia for the variety, which was bred by the University of California Davis.“We are fortunate the have growers who are committed to delivering a great quality product with excellent eating characteristics,” says Scheffer. He adds Tulare Giants are the earliest plums to hit the shelves in Australia, and the product should fit nicely into export markets as well as a counter-seasonal option to supplies from California.Released as a cross-category brand less than a year ago with the goal of broader consumer recognition in Australia, Orchard Rd has expanded internationally.Scheffer says the company has already been exporting USA berries and cherries into Asia under the label, as well as New Zealand berries and grapes for Japan.”Our berry fruit and our sugar plums will probably be our two big Orchard Rd drivers for the summer,” he says. You might also be interested in Australia: Hort Connections a “one-stop shop” for … center_img Australian veggie exports jump in 2018 … T&G Global is gearing up for harvests of Australian Tulare Giant sugar plums with plans to ship the fruit to Asian markets under its Orchard Rd brand. The company’s general manager of Australia (exports) Paul Scheffer says the fruit will start to be picked in small volumes next week with most growers expecting to start picking between Christmas and New Year.”Size is looking larger than usual with our expectation of increased production of Tulare Giant that will be in good supply until mid-February,” Scheffer says.”Export markets will include Singapore, Malaysia, Hong Kong and mainland China. Retailers will be ranging under the Orchard Rd brand with promotional activity being scheduled for the lead-up into Lunar New Year.”The option to export to mainland China has been made possible by the country’s decision in November 2017 to expand its market opening for Australian stonefruit to also include plums, peaches and apricots in a protocol that already included nectarines.”We’ve got growers registered to meet the protocol for that direct access to China; that protocol will play a big part of what we do with Tulare,” says Scheffer, adding the fruit will be assisted into the market by T&G’s own Shanghai office. Aussie produce industry sets ambitious goals for s …last_img read more

Norfolk IslandTravellers Choice

first_imgNorfolk IslandTravellers Choice David Bantoft recently made his 100th visit to Norfolk Island, which was made even more memorable when the locals caught him off-guard with a special honorary dinner.Bantoft was smitten when he first visited more than 20 years ago as a guest of Norfolk Island Tourism.“I forged a real rapport with the island and its people. A few years later I began looking after the sales and marketing in Australia for some of the destination’s key properties, and eventually my wife Kylie and I launched specialist wholesaler Norfolk Select, which we operate today from Tweed Heads (NSW),” said Bantoft.Nine Travellers Choice members helped him celebrate his ‘ton at the surprise party, held at the pirate-themed restaurant The Jolly Roger.The group, on a Norfolk Select famil, explored the destination on a car rally, walked through the national park for a cliff-top breakfast, survived a Murder Mystery Dinner, and floated over Emily Bay in a glass-bottom boat.Bantoft said many of his 100 visits to the island have involved tour groups or agent famils, and the most rewarding element of any trip is seeing first time visitors experience the destination’s beauty and the warmth of the local culture.“Some trips have, however, really stood out,” he says. “On one occasion, for instance, I escorted a group of seniors to the island and a lovely couple, aged in their 80s, decided to elope. I had to organise a reception on the island for them and the group. It was the quickest wedding I’ve ever organised.”After 100 trips, what’s most surprising, he says, is that he is more enamoured than ever with Norfolk Island.“I think it’s because over the years I’ve made so many friends and discovered so many new things, plus it’s always changing – it’s a beautiful part of the world.”last_img read more

G Adventures has announced it is carrying its Chan

first_imgG Adventures has announced it is carrying its Change Makers incentive forward to a new ‘mystery’ location in 2020. The 2020 Challenge runs until 31 January 2020 and will culminate in the Change Makers Summit in April 2020. Over 150 change makers from the UK & Ireland, Central Europe, South Africa, Canada, the United States and Australia & New Zealand will be brought together, including members of G Adventures’ team of global purpose specialists from around the world. The Change Makers Challenge incentivises agents to focus on ‘changing people’s lives through travel’, and invites them to rediscover why they love selling travel in the process. Similar to the 2019 event, the summit will comprise of a week-long trip where agents see firsthand the positive impact community tourism has for local people, as well as destination highlights to help build their product knowledge. At the end of the trip, agents will have a full-day, immersive G Adventures experience and be treated to a party night to remember. There are three ways agents can earn their space at the Change Makers Summit in 2020. All agents will automatically receive one entry per ‘life changed’ (traveller booked) and there will be wildcard opportunities throughout 2019. Finally, the ‘social good’ entry submission category returns with a deadline of December 31st. This category rewards agents who tell a story about how they have done work that gives back to their community or the travel community at large. David Green, vice president, G Adventures, says the company’s purpose as an organisation is to change lives through travel. The Change Makers incentive is designed to remind valued agency partners that each G Adventures trip they sell has a positive impact on both their customers and the local people in the places G Adventures goes. “Our first Change Makers Summit was a huge success and the feedback from our agency partners was that seeing firsthand how community tourism can change the world was a truly life changing experience. I’m thrilled to be able to bring more agents into our world, to experience the culture of our company and to help them understand why we do what we do. “At G Adventures we change the lives of our travellers when they choose to explore the world with us and, as a social enterprise, we change the lives of local people in the destinations to which we travel. We can’t wait to show our agents the power they have to make a difference.” says Green. Terms and Conditions apply. IMAGE: G Adventures’ AU/NZ 2019 Change Makers agentsChange Makers ChallengeChange Makers Summit 2020G Adventuresincentiveslast_img read more

Grace expects Greinke trade to have emotional impa

first_img Grace expects Greinke trade to have emotional impact Oh, and hold onto those easy interceptions. 2:00 left in second quarterFacing a 3rd and long, Keenum’s pass bounces off a wide open Karlos Dansby’s hands and goes right to DeAndre Hopkins for a gain of 22. Instead of a turnover or, at worst, a punt, the Texans instead have the ball at the 26 with a fresh set of downs. 2:11 left in fourth quarterFacing a 3rd and 7 Palmer hits Ellington for a great six-yard play. Sadly, that would be a yard short and leave the Cardinals with an interesting decision to make.Bruce Arians is challenging the spot of the ball. If successful, the first down would be HUGE. If not, do you go for it on 4th and 1 from the your own 47? Probably can’t, not with a three point lead. 3:28 left in second quarterPenalties and poor offensive line play kill the drive. Zastudil’s punt bounces out of bounds at the Houston 1 or so. What. A. Punt. 12:43 left in first quarterCardinals force a three and out on Houston’s next possession, and Patrick Peterson gets little on the punt return. Cardinals will start from their own 13.Offense has been spotted a 7-0 cushion. Not exactly what the Cardinals wanted — and where is Ellington, by the way? — but could be worse. 5:17 left in second quarterAndre Ellington takes a delayed handoff and picks up a big 23 yards for the Cardinals. Now at their own 41, this is a big drive for them. 4:34 left in fourth quarterIt is indeed a catch, and this ballgame ain’t over. Turnovers, they’ll kill ya.And so will Andre Johnson. 10:47 left in first quarterOffense does nothing and Carson Palmer throws his first near-pick of the game. Punt leaves the Texans on their own 49. 13:34 left in third quarterNo, it did not. Cards go three and out. Oops. :37 left in second quarterWrong.A false start got things off on the wrong foot, an incomplete pass happened, and then Palmer was strip/sacked by J.J. Watt, who recovered the fumble. On the bright side, Palmer just got credited with a tackle. So there’s that.Texans have it at the Arizona 22. 15:00 left in third quarterCards will start at their own 20. Does the momentum from the blocked FG carry over? We’ll see. 6:42 left in fourth quarterPalmer hits Andre Roberts on a nice wheel route for a 19-yard touchdown. It’s Palmer’s second scoring strike of the day, and it has the Cardinals up 27-17. 4:20 left in third quarterDefense does its job and gets the offense the ball back, with good field position, too. Palmer a quick-hitter to Roberts for nine yards, and the Cards are at their own 47. Still 5:55 left in first quarterRefs confirm the ruling on the field, and the PAT means this game is all tied up at 7. 11:30 left in fourth quarterJohn Abraham gets his third sack of the game and Marcus Benard somehow avoids a personal foul with a late hit on the play, and Texans are forced to punt. Cardinals take over at their own 19 with the lead and a chance to maybe put this game away with a touchdown. 9:37 left in second quarterAaaaand that’s exactly what happened. Keenum finds Garrett Graham open in the back of the end zone and we’re all tied up. 6:06 left in third quarterMendenhall gets stuffed on a 3rd and 2 and Arizona’s drive stalls. Jay Feely comes on and converts a 35-yard field goal, and we’re all tied up. 4:37 left in fourth quarterCommence meltdown? Mendenhall gets into a pile of bodies and apparently fumbles the football. Texans recover, and if this stands they’ll have the ball at the Arizona five. 15:00 left in second quarterCards line up for a 3rd and 1 but Eric Winston is called for a false start, so now it’s 3rd and 6. Math. At the Houston 34, so not exactly chip shot FG range, either. Former Cardinals kicker Phil Dawson retires 0 Comments   Share   End of second quarterDefense holds the Texans to a field goal attempt, which is blocked by Justin Bethel. So, crisis averted. Cards trail 17-14 at the break and will get the ball to start the second half. 15:00 left in fourth quarterTexans will start their drive and the quarter from their own 23. Arizona’s defense has played well, need to keep pressuring Keenum. The running game hasn’t done much for the Texans, so take advantage of their being one-dimensional. 9:30 left in second quarterIllegal block in the back kills a solid return (maybe helped it, though), and Cards take over at their four. 1:25 left in fourth quarterJerraud Powers breaks up a 4th down pass attempt, and this one is all over. Cards can bring out the offense for the victory formation, and the Cards will improve to 5-4 on the season. center_img 3:12 left in first quarterCardinals move it to the Houston 41 before stalling, and Zastudil punts it away. Ball takes a great bounce (planned that way, I’m sure) and is downed at the Houston 1. You’re up, defense. :02 left in third quarterWe don’t always get what we want. Palmer can’t connect with Roberts in the corner of the end zone so Feely comes in and converts a 21-yard field goal. Cards now back on top 20-17, but it could (and maybe should) be a bigger lead. 4:53 left in fourth quarterCardinals force a punt, which Lechler puts at the Arizona five. This game has featured some really excellent punts, and fortunately that’s not the only positive to take away from this one. Otherwise this would be the late-90s Cardinals and that would not be much fun.At any rate, fans are starting to head to the exits. Barring a meltdown, the Cardinals should escape with this one. 8:40 left in second quarterOn second down Palmer tries to hit a well-covered Housler down the field, but D.J. Swearinger picks it off. It’s the fourth interception of the year for the Texans, and they have it at the Arizona 45. Derrick Hall satisfied with D-backs’ buying and selling 13:57 left in second quarterRob Housler has found the end zone! The third-year TE took a screen pass in for a 12-yard touchdown, the first of his career. He celebrated by lifting an imaginary monkey off of his back. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Game overCardinals hang on for a 27-24 victory and you know they’ll take it. Playoff hopes stay alive with the win. Time to head downstairs and hear from the team. 6:31 left in second quarterBullock! The Texans get into field goal range and Randy Bullock puts it through from 48 yards out. Texans take their first lead of the game and score off of Arizona’s turnover. 14:09 left in second quarterJake Ballard makes his first catch as a Cardinal, and the TE’s reception brings the ball to the Houston 12. Cards moving the ball with relative ease thus far, important to punch it in. 13:57 left in second quarterKickoff sails into the end zone for a touchback.Announcement in press box is Michael Floyd is questionable to return with a shoulder injury. No need, the team has tight end galore to throw to! 4:34 left in fourth quarterAndre Johnson comes down with what is — for the moment — a ridiculous touchdown catch. The play is under review, and it’s going to be a tough one to overturn. Once again, the fanferees think it’s an incomplete pass, but we’ll see. 5:55 left in first quarterKeenum drives the Texans down the field and appears to hit Andre Johnson in the back corner for a 7-yard touchdown. It is under review, and the fanferees in the stadium don’t think the wideout got his second foot down in time. It was real close, and my guess here is the ruling on the field will stand. Even still 5:55 left in first quarterKickoff sails into the end zone, Cards start at their own 20. 1:25 left in first quarterPeterson returns the punt to the Arizona 42. Offense showed signs of life last drive but, as has been the case much of the season, couldn’t convert on 3rd down.Gotta do better. Top Stories :07 left in third quarterCardinals call timeout facing a 3rd and goal from the three. This drive has featured a season-high 12-yard run from Rashard Mendenhall as well as a ridiculously perfect pass from Palmer to Housler down the seam. It’d be nice to get a TD here. 8:36 left in fourth quarterCardinals get a first down as Housler drags a defender to the marker. Arizona at the Houston 32 and rolling. 14:46 left in first quarterThe opening kickoff was returned to the 15. On Houston’s first play, Case Keenum is stripped of the ball by John Abraham. Matt Shaughnessy picks up the fumble and takes it to the end zone. Tack on the PAT, and it’s 7-0 Cardinals.Tough to start a game any better than that, folks. 2:00 until kickoffThe national anthem has been sung, the giant flag has been put away and the coin has been flipped. The Texans won the toss and have chosen to receive the football. It’s another sellout here at University of Phoenix Stadium, but the stands are not exactly full. At any rate, this is a big game for the Cardinals as they need to knock off a struggling Texans team to advance to 5-4 on the season. Oh yeah, Cards are wearing their alternate black jerseys for the final time this season. 5:26 left in third quarterJohn Abraham gets his second sack of the day (may want to block that guy, Houston), and the Texans take a timeout facing a 2nd and 20 from their own 12. May be up to the defense to win this game, and I think they’re plenty capable. 11:18 left in third quarterCardinals come up big on D — narrowly missing another interception — and force a punt. The offense takes over at the AZ 41, and it’s high time they put another drive together. 9:41 left in second quarterTexans are moving the ball down the field with relative ease, and have it at the Arizona 2. Cardinals call a time out, if only to catch their breath a little bit. It’s second down, does the D have what it takes to make a stand here?Kind of not good when you allow the other team to march right down the field and score after your offense was kind enough to score a touchdown. 2:06 left in fourth quarterCards lose the challenge and send Zastudil out to punt. It’s fair caught at the Houston 28. Here we go. :50 left in second quarterD comes up strong then, and the punt is returned by Peterson to the Arizona 32. Cards have two timeouts left so may as well see if they can do something here. Right? 4:31 left in fourth quarterSo here we are. The Cardinals will take over at their own 18 with the game still very much in doubt. Points would be huge, but they need to at least pick up some first downs and flip the field. A three-and-out won’t work here. Looks like Ellington is the RB, by the way.last_img read more

Grace expects Greinke trade to have emotional impa

first_img Grace expects Greinke trade to have emotional impact Former Cardinals kicker Phil Dawson retires The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Gresham, who is expected to visit other teams and was already reportedly offered a contract by the New Orleans Saints, caught 62 passes for 460 yards and five touchdowns in 2014 before undergoing back surgery in March that repaired a herniated disc.A first-round pick by the Bengals in 2010, Gresham has never produced less than 458 total yards in any of his five seasons in the NFL, and that seemingly fits an Arizona roster that currently lacks at the tight end position.Veteran John Carlson surprised by announcing his retirement this offseason, leaving head coach Bruce Arians with more holes to fill. Darren Fells returns as a capable option as a blocker, and the Cardinals’ 2014 second-round pick, Troy Niklas, has battled injuries in his young career.Arizona also have tight end options with Gerald Christian, Ifeanyi Momah, Ted Bolser and Gannon Sinclair. Comments   Share   Free agent TE Jermaine Gresham’s visit to #AZCardinals set for tomorrow. Important physical. #Saints, #Raiders among others interested— Ian Rapoport (@RapSheet) July 20, 2015 Derrick Hall satisfied with D-backs’ buying and selling Top Stories For a while now, the Arizona Cardinals have sought a premier pass-catching tight end, and that desire again becomes their focus this week.Free agent Jermaine Gresham, a former Pro Bowler with the Cincinnati Bengals, will visit the Cardinals this week, according to ESPN’s Adam Schefter.Bengals free-agent TE Jermaine Gresham will the visit Arizona Cardinals this week, per source. Saints already… http://t.co/34LYDrEo6u— Adam Schefter (@AdamSchefter) July 19, 2015last_img read more