<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title></title>
	<atom:link href="http://stephangroup.com/feed/" rel="self" type="application/rss+xml" />
	<link>http://stephangroup.com</link>
	<description></description>
	<lastBuildDate>Tue, 07 Feb 2012 00:34:00 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.0.1</generator>
		<item>
		<title>PropertyAccess Offers Investors REO-to-Rental Solution</title>
		<link>http://www.dsnews.com/articles/propertyaccess-offers-investors-reo-to-rental-solution-2012-02-06</link>
		<comments>http://www.dsnews.com/articles/propertyaccess-offers-investors-reo-to-rental-solution-2012-02-06#comments</comments>
		<pubDate>Tue, 07 Feb 2012 00:34:00 +0000</pubDate>
		<dc:creator>DSNews.com Article Feed</dc:creator>
				<category><![CDATA[Real Estate News]]></category>

		<guid isPermaLink="false">http://www.dsnews.com/articles/propertyaccess-offers-investors-reo-to-rental-solution-2012-02-06</guid>
		<description><![CDATA[PropertyAccess, a provider of national property management services for institutional investors, is taking the guesswork out of the REO-to-rental market by offering investors a solution that addresses the full lifecycle of property management, including assessment, evaluation, renovation, management, maintenance, and future disposition. The industry's support to release the excess of government-owned REO properties to investors is growing, and PropertyAccess says it can support investors with a single-source solution.]]></description>
			<content:encoded><![CDATA[PropertyAccess, a provider of national property management services for institutional investors, is taking the guesswork out of the REO-to-rental market by offering investors a solution that addresses the full lifecycle of property management, including assessment, evaluation, renovation, management, maintenance, and future disposition. The industry's support to release the excess of government-owned REO properties to investors is growing, and PropertyAccess says it can support investors with a single-source solution.]]></content:encoded>
			<wfw:commentRss>http://www.dsnews.com/articles/propertyaccess-offers-investors-reo-to-rental-solution-2012-02-06/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Number of &#8216;Improving&#8217; Housing Markets Expands to Nearly 100</title>
		<link>http://www.dsnews.com/articles/number-of-improving-housing-markets-expands-to-nearly-100-2012-02-06</link>
		<comments>http://www.dsnews.com/articles/number-of-improving-housing-markets-expands-to-nearly-100-2012-02-06#comments</comments>
		<pubDate>Mon, 06 Feb 2012 23:54:00 +0000</pubDate>
		<dc:creator>DSNews.com Article Feed</dc:creator>
				<category><![CDATA[Real Estate News]]></category>

		<guid isPermaLink="false">http://www.dsnews.com/articles/number-of-improving-housing-markets-expands-to-nearly-100-2012-02-06</guid>
		<description><![CDATA[The number of housing markets showing measurable improvement expanded by 29 metros in February to include a total of 98 markets listed on the Improving Markets Index from First American and the National Association of Home Builders. The index tracks markets that are showing signs of improving economic health as measured by growth in employment and home price appreciation. Notable additions include Miami and Detroit. Washington, D.C. was dropped from the index this month as it showed a softening in home prices.]]></description>
			<content:encoded><![CDATA[The number of housing markets showing measurable improvement expanded by 29 metros in February to include a total of 98 markets listed on the Improving Markets Index from First American and the National Association of Home Builders. The index tracks markets that are showing signs of improving economic health as measured by growth in employment and home price appreciation. Notable additions include Miami and Detroit. Washington, D.C. was dropped from the index this month as it showed a softening in home prices.]]></content:encoded>
			<wfw:commentRss>http://www.dsnews.com/articles/number-of-improving-housing-markets-expands-to-nearly-100-2012-02-06/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Industry Waits with Bated Breath as States Consider Settlement</title>
		<link>http://www.dsnews.com/articles/industry-waits-with-bated-breath-as-states-consider-robo-signing-settlement-2012-02-06</link>
		<comments>http://www.dsnews.com/articles/industry-waits-with-bated-breath-as-states-consider-robo-signing-settlement-2012-02-06#comments</comments>
		<pubDate>Mon, 06 Feb 2012 21:46:00 +0000</pubDate>
		<dc:creator>DSNews.com Article Feed</dc:creator>
				<category><![CDATA[Real Estate News]]></category>

		<guid isPermaLink="false">http://www.dsnews.com/articles/industry-waits-with-bated-breath-as-states-consider-robo-signing-settlement-2012-02-06</guid>
		<description><![CDATA[The deadline for the 50 state attorneys general to sign onto the settlement negotiated between the committee headed by Iowa Attorney General Tom Miller and five large servicers was extended from Friday to Monday. Late Monday evening, Miller's office issued a statement saying more than 40 states have agreed to participate. For the past few months, the number repeated from various sources is $25 billion. That's $25 billion that Bank of America, JPMorgan Chase, Wells Fargo, Citigroup, and Ally Financial would pay for a clean slate regarding robo-signing misdeeds of the past.]]></description>
			<content:encoded><![CDATA[The deadline for the 50 state attorneys general to sign onto the settlement negotiated between the committee headed by Iowa Attorney General Tom Miller and five large servicers was extended from Friday to Monday. Late Monday evening, Miller's office issued a statement saying more than 40 states have agreed to participate. For the past few months, the number repeated from various sources is $25 billion. That's $25 billion that Bank of America, JPMorgan Chase, Wells Fargo, Citigroup, and Ally Financial would pay for a clean slate regarding robo-signing misdeeds of the past.]]></content:encoded>
			<wfw:commentRss>http://www.dsnews.com/articles/industry-waits-with-bated-breath-as-states-consider-robo-signing-settlement-2012-02-06/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>HAMP Mods Approach 1M Mark</title>
		<link>http://www.dsnews.com/articles/hamp-mods-approach-1m-mark-2012-02-06</link>
		<comments>http://www.dsnews.com/articles/hamp-mods-approach-1m-mark-2012-02-06#comments</comments>
		<pubDate>Mon, 06 Feb 2012 21:32:00 +0000</pubDate>
		<dc:creator>DSNews.com Article Feed</dc:creator>
				<category><![CDATA[Real Estate News]]></category>

		<guid isPermaLink="false">http://www.dsnews.com/articles/hamp-mods-approach-1m-mark-2012-02-06</guid>
		<description><![CDATA[More than 930,000 homeowners have received a permanent modification through the government's Home Affordable Modification Program (HAMP), saving an estimated $10.5 billion in monthly mortgage payments, according to Treasury. While this tally - nearly three years after the program's launch - falls well short of the results initially promised by President Obama of helping 3 to 4 million homeowners restructure their loans, federal officials continue to tout a key success of HAMP as improving standards and processes within the industry.]]></description>
			<content:encoded><![CDATA[More than 930,000 homeowners have received a permanent modification through the government's Home Affordable Modification Program (HAMP), saving an estimated $10.5 billion in monthly mortgage payments, according to Treasury. While this tally - nearly three years after the program's launch - falls well short of the results initially promised by President Obama of helping 3 to 4 million homeowners restructure their loans, federal officials continue to tout a key success of HAMP as improving standards and processes within the industry.]]></content:encoded>
			<wfw:commentRss>http://www.dsnews.com/articles/hamp-mods-approach-1m-mark-2012-02-06/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Labor Market Continues to Strengthen</title>
		<link>http://webfeeds.brookings.edu/~r/BrookingsRSS/topfeeds/LatestFromBrookings/~3/C99yN2Li5ag/0203_jobs_burtless.aspx</link>
		<comments>http://webfeeds.brookings.edu/~r/BrookingsRSS/topfeeds/LatestFromBrookings/~3/C99yN2Li5ag/0203_jobs_burtless.aspx#comments</comments>
		<pubDate>Mon, 06 Feb 2012 20:53:16 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Real Estate News]]></category>

		<guid isPermaLink="false">http://C2C3AC24-B86B-481B-8E91-2BE05B8A3C9A</guid>
		<description><![CDATA[<div>
	<img src="http://www.brookings.edu/~/media/Files/Images/RotatingFeature/A/AP AZ/auto_plant002_rf.jpg" alt="Reuters/Frank Polich - Workers assemble a pre-production 2013 Dodge Dart during a tour of the Chrysler Belvidere Assembly plant in Belvidere, Illinois February 2, 2012." border="0" /><br />For the seventh successive month both the household survey and the employer survey agree in showing noticeable improvements in the health of the job market. For most Americans the major good news is the continued drop in the unemployment rate. After showing little change over the first half of last year the jobless rate has now fallen 0.8 percentage points since last August, falling to 8.3% in January. Because of revisions in Census estimates of the size of the adult population, it is hard to know how much of the drop in the seasonally adjusted unemployment rate is due to an increase in the number of adults who report they are employed.<br /><br />Focusing on the adult population between 25 and 54 may be helpful, since the population revisions had only a small impact on this population’s employment rate and no effect whatsoever on its unemployment rate. One fairly robust indicator of job market health is the percentage of adults between 25 and 54 who are employed. This fraction rose 0.3 percentage points in January, reaching a level last seen in the summer of 2009. We still have a long way to go to reach full employment. The percentage of 25-54 year-olds who hold jobs is still 4.3 percentage points lower than it was at the end of the last economic expansion.
<br /><br />
The latest payroll survey offers further evidence of a strengthening labor market. On a seasonally adjusted basis the number of private payroll jobs increased 257,000 in January. Since September private employers have added nearly 200,000 workers a month to their payrolls. The gains in the private sector have been partly offset by employment cuts in the government sector, mainly in state and local government. The government employment losses have slowed, however. In the past six months public payrolls shrank an average of 10,000 employees a month; in the previous six months they shrank 36,000 a month. The net monthly increase in public and private payrolls combined has been fast enough to produce a steady decline in the unemployment rate. The pace of employment gains remains too slow, however, to bring the nation to full employment anytime soon.
<br /><br />
BLS revisions in the payroll statistics added to estimated job growth in 2011. The revisions added a total of 180,000 to previous estimates of 2011 job growth, mostly in the first half of the year. The latest payroll numbers also suggest there has been a modest rebound in the fortunes of the construction industry. Employment in the industry has increased 116,000, or about 2%, since January 2011, with most of the increase occurring after August. The construction industry remains very weak, however. Employment in January 2012 was down more than a quarter compared with construction payrolls in December 2007. Manufacturing has also been a bright spot in recent months. The number of manufacturing jobs increased 50,000 in January, and manufacturers have added an average of nearly 20,000 employees a month to their payrolls during the past year. 
<br /><br />
Recent job gains in construction and manufacturing should be put in perspective, however. Service-producing employers in the private sector are the source of an overwhelming share of net new employment in the United States. Since January 2011 the private service sector has accounted for four-fifths of private-sector job growth and more than nine-tenths of overall job growth. Even if there is a renaissance in U.S. manufacturing and a long-overdue rebound in construction, that basic story is not going to change.
<div>
		<h4>
			Authors
		</h4><ul>
			<li><a href="http://www.brookings.edu/experts/burtlessg.aspx">Gary Burtless</a></li>
		</ul>
	</div><div>
		Image Source: Reuters/Frank Polich
	</div>
</div><img src="http://feeds.feedburner.com/~r/BrookingsRSS/topfeeds/LatestFromBrookings/~4/C99yN2Li5ag" height="1" width="1" />]]></description>
			<content:encoded><![CDATA[<div>
	<img src="http://www.brookings.edu/~/media/Files/Images/RotatingFeature/A/AP%20AZ/auto_plant002_rf.jpg" alt="Reuters/Frank Polich - Workers assemble a pre-production 2013 Dodge Dart during a tour of the Chrysler Belvidere Assembly plant in Belvidere, Illinois February 2, 2012." border="0" /><br />For the seventh successive month both the household survey and the employer survey agree in showing noticeable improvements in the health of the job market. For most Americans the major good news is the continued drop in the unemployment rate. After showing little change over the first half of last year the jobless rate has now fallen 0.8 percentage points since last August, falling to 8.3% in January. Because of revisions in Census estimates of the size of the adult population, it is hard to know how much of the drop in the seasonally adjusted unemployment rate is due to an increase in the number of adults who report they are employed.<br/><br/>Focusing on the adult population between 25 and 54 may be helpful, since the population revisions had only a small impact on this population’s employment rate and no effect whatsoever on its unemployment rate. One fairly robust indicator of job market health is the percentage of adults between 25 and 54 who are employed. This fraction rose 0.3 percentage points in January, reaching a level last seen in the summer of 2009. We still have a long way to go to reach full employment. The percentage of 25-54 year-olds who hold jobs is still 4.3 percentage points lower than it was at the end of the last economic expansion.
<br/><br/>
The latest payroll survey offers further evidence of a strengthening labor market. On a seasonally adjusted basis the number of private payroll jobs increased 257,000 in January. Since September private employers have added nearly 200,000 workers a month to their payrolls. The gains in the private sector have been partly offset by employment cuts in the government sector, mainly in state and local government. The government employment losses have slowed, however. In the past six months public payrolls shrank an average of 10,000 employees a month; in the previous six months they shrank 36,000 a month. The net monthly increase in public and private payrolls combined has been fast enough to produce a steady decline in the unemployment rate. The pace of employment gains remains too slow, however, to bring the nation to full employment anytime soon.
<br/><br/>
BLS revisions in the payroll statistics added to estimated job growth in 2011. The revisions added a total of 180,000 to previous estimates of 2011 job growth, mostly in the first half of the year. The latest payroll numbers also suggest there has been a modest rebound in the fortunes of the construction industry. Employment in the industry has increased 116,000, or about 2%, since January 2011, with most of the increase occurring after August. The construction industry remains very weak, however. Employment in January 2012 was down more than a quarter compared with construction payrolls in December 2007. Manufacturing has also been a bright spot in recent months. The number of manufacturing jobs increased 50,000 in January, and manufacturers have added an average of nearly 20,000 employees a month to their payrolls during the past year. 
<br/><br/>
Recent job gains in construction and manufacturing should be put in perspective, however. Service-producing employers in the private sector are the source of an overwhelming share of net new employment in the United States. Since January 2011 the private service sector has accounted for four-fifths of private-sector job growth and more than nine-tenths of overall job growth. Even if there is a renaissance in U.S. manufacturing and a long-overdue rebound in construction, that basic story is not going to change.
<div>
		<h4>
			Authors
		</h4><ul>
			<li><a href="http://www.brookings.edu/experts/burtlessg.aspx">Gary Burtless</a></li>
		</ul>
	</div><div>
		Image Source: Reuters/Frank Polich
	</div>
</div><img src="http://feeds.feedburner.com/~r/BrookingsRSS/topfeeds/LatestFromBrookings/~4/C99yN2Li5ag" height="1" width="1"/>]]></content:encoded>
			<wfw:commentRss>http://webfeeds.brookings.edu/~r/BrookingsRSS/topfeeds/LatestFromBrookings/~3/C99yN2Li5ag/0203_jobs_burtless.aspx/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New York Housing Counselor Charged with Defrauding Homeowners</title>
		<link>http://www.dsnews.com/articles/new-york-housing-counselor-charged-with-defrauding-homeowners-2012-02-06</link>
		<comments>http://www.dsnews.com/articles/new-york-housing-counselor-charged-with-defrauding-homeowners-2012-02-06#comments</comments>
		<pubDate>Mon, 06 Feb 2012 19:16:00 +0000</pubDate>
		<dc:creator>DSNews.com Article Feed</dc:creator>
				<category><![CDATA[Real Estate News]]></category>

		<guid isPermaLink="false">http://www.dsnews.com/articles/new-york-housing-counselor-charged-with-defrauding-homeowners-2012-02-06</guid>
		<description><![CDATA[A New York housing counselor has been sentenced to 72 months in jail and three years supervision by a U.S. District Court judge after defrauding 136 homeowners who reached out for help as they attempted to avoid foreclosure. The judge also ordered Lori J. Macakanja to pay $298,639 in restitution to the homeowners affected. Macakanja reportedly required upfront fees from homeowners and promised in return to help them achieve mortgage modifications in order to stave off foreclosure.]]></description>
			<content:encoded><![CDATA[A New York housing counselor has been sentenced to 72 months in jail and three years supervision by a U.S. District Court judge after defrauding 136 homeowners who reached out for help as they attempted to avoid foreclosure. The judge also ordered Lori J. Macakanja to pay $298,639 in restitution to the homeowners affected. Macakanja reportedly required upfront fees from homeowners and promised in return to help them achieve mortgage modifications in order to stave off foreclosure.]]></content:encoded>
			<wfw:commentRss>http://www.dsnews.com/articles/new-york-housing-counselor-charged-with-defrauding-homeowners-2012-02-06/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Russia and China Leadership Props Up Syria’s Assad</title>
		<link>http://webfeeds.brookings.edu/~r/BrookingsRSS/topfeeds/LatestFromBrookings/~3/lJ1lfpDyWQM/0206_syria_un_kaufmann.aspx</link>
		<comments>http://webfeeds.brookings.edu/~r/BrookingsRSS/topfeeds/LatestFromBrookings/~3/lJ1lfpDyWQM/0206_syria_un_kaufmann.aspx#comments</comments>
		<pubDate>Mon, 06 Feb 2012 18:19:00 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Real Estate News]]></category>

		<guid isPermaLink="false">http://327EAB60-FFC3-4D86-BD5D-41F6B770010B</guid>
		<description><![CDATA[<div>
	<img src="http://www.brookings.edu/~/media/Files/Images/RotatingFeature/U/UJ UO/un_securitycouncil004_rf.jpg" alt="Allison Joyce / Reuters - The U.N Security Council votes on a European-Arab draft resolution calling for Syrian President Bashar al-Assad to give up power February 4, 2012. " border="0" /><br />This Saturday the world saw harrowing media accounts of the massacre perpetrated by the Syrian government&#8217;s bombardment of civilians in the city of Homs. The massive artillery barrage&#160;<a href="http://www.guardian.co.uk/world/2012/feb/05/syria-homs-hundreds-dead-barrage?newsfeed=true">reportedly</a> left many hundreds of people dead making it the most deadly attack of the year-long uprising. Homs had already suffered from recent violence, but had not previously experienced such a horrific assault on civilians.<br /><br />On the same day, the United Nations Security Council (UNSC) failed to adopt a resolution condemning the violence in Syria, even though 13 out of the UNSC&#8217;s 15 country members supported the resolution. Two permanent members of the U.N. Security Council, Russia and China, sided with Syria&#8217;s Assad and exercised their veto power. Leaders in the west, as well as the head of the U.N., some Arab States and Syria&#8217;s own civilian groups have expressed outrage at the callousness of these vetoes.<br />
&#160;<br />
Yet such veto should not surprise observers. The governments of Russia, China and Syria have common interests and protecting the human rights of their own or each other citizens is not high on their agendas. Instead, they share common economic, security and geopolitical interests, including weapons trade. <br />
<br />
In Spanish there is a rather telling expression: &#8220;Dime con quien andas, y te dire quien eres,&#8221; whose literary translation is "Tell me with whom you walk and I will tell you who you are,&#8221; yet its spirit is best captured by an English idiom, &#8220;A man is known by the company he keeps.&#8221;<br />
&#160;<br />
In terms of standards of political governance, with a few differences aside, the three governments make good companions. Their standards of governance are uniformly low and deteriorating.<br />
&#160;<br />
China, Russia and Syria&#8217;s common misgovernance is compared to the governance standards of other members of the UNSC below (Figure 1). Take first Voice &#38; Democratic Accountability (VA), one of the six dimensions we measure in the <em>Worldwide Governance Indicators</em> (WGI). This Voice &#38; Accountability indicator from the WGI captures the extent to which political rights and civil liberties are provided, human rights are protected, and the extent to which there are freedoms of association, expression and press. <br />
<br />
The figure below first shows how low, Syria, Russia and China rank globally in Voice &#38; Accountability&#8212;toward the bottom of over 200 countries worldwide. And their governments&#8217; performance on Control of Corruption (another component of the WGI) is similarly subpar.<br />
<br />
<img alt="" style="width: 600px;height: 450px" src="http://www.brookings.edu/~/media/Files/rc/opinions/2012/0206_syria_un_kaufmann/chart_1.JPG" /><br />
<br />
<p>By sharp contrast, other countries in the U.N. Security Council, which voted in favor of the resolution condemning the violence perpetuated by Syria&#8217;s government, perform distinctly better on both Voice &#38; Accountability and Control of Corruption.<br />
<br />
Worse&#8212;and another reason for why there should be no surprise at the stance taken by Russia and China&#8212;the countries&#8217; performance on these important dimensions of governance is not only highly challenged but has deteriorated over the past decade.&#160; <br />
<br />
At a recent conference on Russia,&#160;<a href="http://www.brookings.edu/~/media/Files/rc/opinions/2012/0206_syria_un_kaufmann/Russia Reset Conference Presentation.pdf">I presented empirical evidence</a> on the deteriorating governance situation in the country.&#160;One chart depicted Russia&#8217;s trend in several governance dimensions over the past decade such as Voice &#38; Democratic Accountability, Political Stability &#38; No Violence, and Control of Corruption and is summarized in Figure 2 below. The low and deteriorating level of governance by Russia&#8217;s government is not only evident from these indicators, but also from the actions of top political leaders, and in the reaction of its citizens in the form of mass demonstrations against Putin.<br />
<br />
<img width="600" height="450" alt="" src="http://www.brookings.edu/~/media/Files/rc/opinions/2012/0206_syria_un_kaufmann/chart_2.JPG?h=450&#38;w=600" /><br />
<br />
Such sharply contrasting performance on national-level indicators of governance and the disparate priorities across powerful countries provides a sobering perspective on the constraints faced by global governance institutions nowadays, particularly the U.N. and G-20.<br />
<br />
The power of uncensored data and the voice of domestic and international non-governmental institutions should feature more prominently in an era where some powerful governments are not playing a constructive role in global governance. Nobody knows this better today, and feels the pain of such misgovernance more acutely, than the citizens of Homs.</p><div>
		<h4>
			Authors
		</h4><ul>
			<li><a href="http://www.brookings.edu/experts/kaufmannd.aspx">Daniel Kaufmann</a></li>
		</ul>
	</div><div>
		Image Source: Allison Joyce / Reuters
	</div>
</div><img src="http://feeds.feedburner.com/~r/BrookingsRSS/topfeeds/LatestFromBrookings/~4/lJ1lfpDyWQM" height="1" width="1" />]]></description>
			<content:encoded><![CDATA[<div>
	<img src="http://www.brookings.edu/~/media/Files/Images/RotatingFeature/U/UJ%20UO/un_securitycouncil004_rf.jpg" alt="Allison Joyce / Reuters - The U.N Security Council votes on a European-Arab draft resolution calling for Syrian President Bashar al-Assad to give up power February 4, 2012. " border="0" /><br />This Saturday the world saw harrowing media accounts of the massacre perpetrated by the Syrian government&rsquo;s bombardment of civilians in the city of Homs. The massive artillery barrage&nbsp;<a href="http://www.guardian.co.uk/world/2012/feb/05/syria-homs-hundreds-dead-barrage?newsfeed=true">reportedly</a> left many hundreds of people dead making it the most deadly attack of the year-long uprising. Homs had already suffered from recent violence, but had not previously experienced such a horrific assault on civilians.<br/><br/>On the same day, the United Nations Security Council (UNSC) failed to adopt a resolution condemning the violence in Syria, even though 13 out of the UNSC&rsquo;s 15 country members supported the resolution. Two permanent members of the U.N. Security Council, Russia and China, sided with Syria&rsquo;s Assad and exercised their veto power. Leaders in the west, as well as the head of the U.N., some Arab States and Syria&rsquo;s own civilian groups have expressed outrage at the callousness of these vetoes.<br />
&nbsp;<br />
Yet such veto should not surprise observers. The governments of Russia, China and Syria have common interests and protecting the human rights of their own or each other citizens is not high on their agendas. Instead, they share common economic, security and geopolitical interests, including weapons trade. <br />
<br />
In Spanish there is a rather telling expression: &ldquo;Dime con quien andas, y te dire quien eres,&rdquo; whose literary translation is "Tell me with whom you walk and I will tell you who you are,&rdquo; yet its spirit is best captured by an English idiom, &ldquo;A man is known by the company he keeps.&rdquo;<br />
&nbsp;<br />
In terms of standards of political governance, with a few differences aside, the three governments make good companions. Their standards of governance are uniformly low and deteriorating.<br />
&nbsp;<br />
China, Russia and Syria&rsquo;s common misgovernance is compared to the governance standards of other members of the UNSC below (Figure 1). Take first Voice &amp; Democratic Accountability (VA), one of the six dimensions we measure in the <em>Worldwide Governance Indicators</em> (WGI). This Voice &amp; Accountability indicator from the WGI captures the extent to which political rights and civil liberties are provided, human rights are protected, and the extent to which there are freedoms of association, expression and press. <br />
<br />
The figure below first shows how low, Syria, Russia and China rank globally in Voice &amp; Accountability&mdash;toward the bottom of over 200 countries worldwide. And their governments&rsquo; performance on Control of Corruption (another component of the WGI) is similarly subpar.<br />
<br />
<img alt="" style="width: 600px; height: 450px;" src="http://www.brookings.edu/~/media/Files/rc/opinions/2012/0206_syria_un_kaufmann/chart_1.JPG" /><br />
<br />
<p>By sharp contrast, other countries in the U.N. Security Council, which voted in favor of the resolution condemning the violence perpetuated by Syria&rsquo;s government, perform distinctly better on both Voice &amp; Accountability and Control of Corruption.<br />
<br />
Worse&mdash;and another reason for why there should be no surprise at the stance taken by Russia and China&mdash;the countries&rsquo; performance on these important dimensions of governance is not only highly challenged but has deteriorated over the past decade.&nbsp; <br />
<br />
At a recent conference on Russia,&nbsp;<a href="http://www.brookings.edu/~/media/Files/rc/opinions/2012/0206_syria_un_kaufmann/Russia%20Reset%20Conference%20Presentation.pdf">I presented empirical evidence</a> on the deteriorating governance situation in the country.&nbsp;One chart depicted Russia&rsquo;s trend in several governance dimensions over the past decade such as Voice &amp; Democratic Accountability, Political Stability &amp; No Violence, and Control of Corruption and is summarized in Figure 2 below. The low and deteriorating level of governance by Russia&rsquo;s government is not only evident from these indicators, but also from the actions of top political leaders, and in the reaction of its citizens in the form of mass demonstrations against Putin.<br />
<br />
<img width="600" height="450" alt="" src="http://www.brookings.edu/~/media/Files/rc/opinions/2012/0206_syria_un_kaufmann/chart_2.JPG?h=450&amp;w=600" /><br />
<br />
Such sharply contrasting performance on national-level indicators of governance and the disparate priorities across powerful countries provides a sobering perspective on the constraints faced by global governance institutions nowadays, particularly the U.N. and G-20.<br />
<br />
The power of uncensored data and the voice of domestic and international non-governmental institutions should feature more prominently in an era where some powerful governments are not playing a constructive role in global governance. Nobody knows this better today, and feels the pain of such misgovernance more acutely, than the citizens of Homs.</p><div>
		<h4>
			Authors
		</h4><ul>
			<li><a href="http://www.brookings.edu/experts/kaufmannd.aspx">Daniel Kaufmann</a></li>
		</ul>
	</div><div>
		Image Source: Allison Joyce / Reuters
	</div>
</div><img src="http://feeds.feedburner.com/~r/BrookingsRSS/topfeeds/LatestFromBrookings/~4/lJ1lfpDyWQM" height="1" width="1"/>]]></content:encoded>
			<wfw:commentRss>http://webfeeds.brookings.edu/~r/BrookingsRSS/topfeeds/LatestFromBrookings/~3/lJ1lfpDyWQM/0206_syria_un_kaufmann.aspx/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>World Must Aid Syria&#8217;s Rebels</title>
		<link>http://webfeeds.brookings.edu/~r/BrookingsRSS/topfeeds/LatestFromBrookings/~3/lhlckjHmIRM/0206_syria_hamid.aspx</link>
		<comments>http://webfeeds.brookings.edu/~r/BrookingsRSS/topfeeds/LatestFromBrookings/~3/lhlckjHmIRM/0206_syria_hamid.aspx#comments</comments>
		<pubDate>Mon, 06 Feb 2012 18:08:00 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Real Estate News]]></category>

		<guid isPermaLink="false">http://AE4F0A9B-F977-4330-B9F6-D2BE6A187B0B</guid>
		<description><![CDATA[<div>
	<img src="http://www.brookings.edu/~/media/Files/Images/RotatingFeature/R/RP RZ/russia_protest006_rf.jpg" alt="Reuters - Demonstrators gather during a protest against Syria's President Bashar al-Assad and Russia in Kafranbel, Syria, on January 20, 2012. " border="0" /><br />A last-ditch effort to put an end to the bloodshed in Syria failed on Saturday, with Russia and China exercising their veto at the United Nations. With that fateful decision, the conflict moved to another, more dangerous stage. Those who warn that Syria will descend into civil war are a bit behind: It is already in civil war. Now it will only intensify.<br /><br />In the months leading up to the U.N. vote, Syria's opposition has grown more militarized. Rebel forces, under the banner of the Free Syrian Army, gained considerable traction after a shaky start. The U.N.'s failure to act may have been the best recruiting tool the FSA could have hoped for, and its ascendancy is now a nearly foregone conclusion.<br />
<br />
<a href="http://www.cnn.com/2012/02/06/opinion/hamid-syria/index.html">Read the full article &#187;</a><div>
		<h4>
			Authors
		</h4><ul>
			<li><a href="http://www.brookings.edu/experts/hamids.aspx">Shadi Hamid</a></li>
		</ul>
	</div><div>
		Publication: CNN.com
	</div><div>
		Image Source: Reuters
	</div>
</div><img src="http://feeds.feedburner.com/~r/BrookingsRSS/topfeeds/LatestFromBrookings/~4/lhlckjHmIRM" height="1" width="1" />]]></description>
			<content:encoded><![CDATA[<div>
	<img src="http://www.brookings.edu/~/media/Files/Images/RotatingFeature/R/RP%20RZ/russia_protest006_rf.jpg" alt="Reuters - Demonstrators gather during a protest against Syria's President Bashar al-Assad and Russia in Kafranbel, Syria, on January 20, 2012. " border="0" /><br />A last-ditch effort to put an end to the bloodshed in Syria failed on Saturday, with Russia and China exercising their veto at the United Nations. With that fateful decision, the conflict moved to another, more dangerous stage. Those who warn that Syria will descend into civil war are a bit behind: It is already in civil war. Now it will only intensify.<br/><br/>In the months leading up to the U.N. vote, Syria's opposition has grown more militarized. Rebel forces, under the banner of the Free Syrian Army, gained considerable traction after a shaky start. The U.N.'s failure to act may have been the best recruiting tool the FSA could have hoped for, and its ascendancy is now a nearly foregone conclusion.<br />
<br />
<a href="http://www.cnn.com/2012/02/06/opinion/hamid-syria/index.html">Read the full article &raquo;</a><div>
		<h4>
			Authors
		</h4><ul>
			<li><a href="http://www.brookings.edu/experts/hamids.aspx">Shadi Hamid</a></li>
		</ul>
	</div><div>
		Publication: CNN.com
	</div><div>
		Image Source: Reuters
	</div>
</div><img src="http://feeds.feedburner.com/~r/BrookingsRSS/topfeeds/LatestFromBrookings/~4/lhlckjHmIRM" height="1" width="1"/>]]></content:encoded>
			<wfw:commentRss>http://webfeeds.brookings.edu/~r/BrookingsRSS/topfeeds/LatestFromBrookings/~3/lhlckjHmIRM/0206_syria_hamid.aspx/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>South &amp; Associates Hires Four New Attorneys</title>
		<link>http://www.dsnews.com/articles/south-associates-hires-four-new-attorneys-2012-02-06</link>
		<comments>http://www.dsnews.com/articles/south-associates-hires-four-new-attorneys-2012-02-06#comments</comments>
		<pubDate>Mon, 06 Feb 2012 16:49:00 +0000</pubDate>
		<dc:creator>DSNews.com Article Feed</dc:creator>
				<category><![CDATA[Real Estate News]]></category>

		<guid isPermaLink="false">http://www.dsnews.com/articles/south-associates-hires-four-new-attorneys-2012-02-06</guid>
		<description><![CDATA[South &#38; Associates, a law firm focusing on the protection of creditors' rights in Missouri, Kansas, Nebraska, and Iowa, has recently hired four new associate attorneys in its corporate office located in Overland Park, Kansas. Matt Durgin has joined South &#38; Associate's commercial and special asset department. David Boman and Laura Lane are now attorneys in the firm's litigation department. Eric Worster has joined the firm's foreclosure department.]]></description>
			<content:encoded><![CDATA[South & Associates, a law firm focusing on the protection of creditors' rights in Missouri, Kansas, Nebraska, and Iowa, has recently hired four new associate attorneys in its corporate office located in Overland Park, Kansas. Matt Durgin has joined South & Associate's commercial and special asset department. David Boman and Laura Lane are now attorneys in the firm's litigation department. Eric Worster has joined the firm's foreclosure department.]]></content:encoded>
			<wfw:commentRss>http://www.dsnews.com/articles/south-associates-hires-four-new-attorneys-2012-02-06/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Home Prices Start Year With 2.6% Annual Drop</title>
		<link>http://www.dsnews.com/articles/home-prices-start-year-with-26-annual-drop-2012-02-05</link>
		<comments>http://www.dsnews.com/articles/home-prices-start-year-with-26-annual-drop-2012-02-05#comments</comments>
		<pubDate>Mon, 06 Feb 2012 05:00:00 +0000</pubDate>
		<dc:creator>DSNews.com Article Feed</dc:creator>
				<category><![CDATA[Real Estate News]]></category>

		<guid isPermaLink="false">http://www.dsnews.com/articles/home-prices-start-year-with-26-annual-drop-2012-02-05</guid>
		<description><![CDATA[Data through the end of January released by Clear Capital Monday shows home prices in the U.S. are down 2.6 percent from a year ago. The company's rolling quarter assessment, which compares the four months through January 2012 to the previous three months, returned a 1.6 percent decline in home prices at the national level, after three months of stability. Clear Capital says the culprit is the Midwest market, which saw a dramatic turnaround in momentum in January and led the nation in quarterly losses.]]></description>
			<content:encoded><![CDATA[Data through the end of January released by Clear Capital Monday shows home prices in the U.S. are down 2.6 percent from a year ago. The company's rolling quarter assessment, which compares the four months through January 2012 to the previous three months, returned a 1.6 percent decline in home prices at the national level, after three months of stability. Clear Capital says the culprit is the Midwest market, which saw a dramatic turnaround in momentum in January and led the nation in quarterly losses.]]></content:encoded>
			<wfw:commentRss>http://www.dsnews.com/articles/home-prices-start-year-with-26-annual-drop-2012-02-05/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

