Category Archives: Social

Semper Fi

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“Semper Fidelis”, or “Semper Fi” (IPA: s?m p?r ?f??) for short, is Latin for “Always faithful.” Best known to Americans as the motto of the United States Marine Corps, this phrase has served as a slogan for many families and entities, in many countries, dating at least as far back as the 14th century. Within the groups below, users are listed in chronological order according to when they are believed to have adopted the motto; however, in many cases dates of adoption are not well established.

Memento Mori

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Memento mori is a Latin phrase that may be translated as “Remember that you are mortal,” “Remember you will die,” “Remember that you must die,” or “Remember your death”. It names a genre of artistic creations that vary widely from one another, but which all share the same purpose, which is to remind people of their own mortality.

The most obvious places to look for memento mori meditations are in funereal art and architecture. Perhaps the most striking to contemporary minds is the transi, or cadaver tomb, a tomb which depicts the decayed corpse of the deceased. This became a fashion in the tombs of the wealthy in the fifteenth century, and surviving examples still create a stark reminder of the vanity of earthly riches. The famous danse macabre, with its dancing depiction of the Grim Reaper carrying off rich and poor alike, is another well known example of the memento mori theme. This and similar depictions of Death decorated many European churches. Later, Puritan tombstones in the colonial United States frequently depicted winged skulls, skeletons, or angels snuffing out candles. See the themes associated with skull imagery.

Much memento mori art is associated with the Mexican festival, Day of the Dead, including even skull-shaped candies, and bread loaves adorned with bread “bones”. It was also famously expressed in the works of the Mexican engraver José Guadalupe Posada, in which various walks of life are depicted as skeletons.

Reverse Mortgage

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A reverse mortgage (known as lifetime mortgage in the United Kingdom) is a loan available to seniors (62 and older in the United States), and is used to release the home equity in the property as one lump sum or multiple payments. The homeowner’s obligation to repay the loan is deferred until the owner dies, the home is sold, or the owner leaves (e.g., into aged care).

In a typical mortgage the homeowner makes a monthly amortized payment to the lender; after each payment the equity increases within his or her property, and typically after the end of the term (e.g., 30 years) the mortgage has been paid in full and the property is released from the lender. In a reverse mortgage, the home owner makes no payments and all interest is added to the lien on the property. If the owner receives monthly payments, or a bulk payment of the available equity percentage for their age, then the debt on the property increases each month.

If a property has increased in value after a reverse mortgage is taken out, it is possible to acquire a second (or third) reverse mortgage over the increased equity in the home. But in certain countries (including the United States), a reverse mortgage must be the first and only mortgage on the property

The cost of getting a reverse mortgage from a private sector lender may exceed the costs of other types of mortgage or equity conversion loans. Exact costs depend on the particular reverse mortgage program the borrower acquires. For the most popular type of reverse mortgage in the U.S., the FHA-insured Home Equity Conversion Mortgage (HECM), there is an insurance premium of 2% of the loan and a 2% origination fee in addition to normal closing costs, which are typically several thousand dollars, but vary depending on the third-party costs (appraisal fees, title searches, etc.) which must be undertaken. Thus a $200,000 loan would have $8,000 in costs beyond the normal closing costs added onto the loan at the outset. Other programs skip the insurance premium but still require the origination fees and closing costs, and some programs waive the initial costs if the borrower borrows all or most of the maximum amount he or she is eligible to receive. In addition, a monthly service charge (between $25 and $35) is usually added to the total amount of the loan.

In all of these cases, the costs of a reverse mortgage can typically be financed with the proceeds of the loan itself, with the costs and fees being rolled directly into the principal balance of the loan, rather than paid by the borrower in cash. While this does permit borrowers with little or no available cash to get a reverse mortgage, it means that the initial loan principal will be increased, and consequently, that the fees will begin accruing interest. Since there are no payments made during the course of the loan, the compound interest accrued on the principal plus fees are added to the principal of the loan.

Interest rates on reverse mortgages are determined on a program-by-program basis, because the loans are secured by the home itself, and backed by HUD, the interest rate should always be below any other available interest rate in the standard mortgage marketplace for an FHA reverse mortgage. Prior to 2007, all major reverse mortgage programs had adjustable interest rates. Such adjustable rate reverse mortgages are still being offered which are adjusted on a monthly, semi-annual, or annual rate up to a maximum rate.

Several lenders now offer FHA HECM reverse mortgages that have fixed interest rates. Some of these mortgages have interest rates that are similar to the current FHA/VA rate plus the mandatory mortgage insurance premium. Some fixed rate reverse mortgages limit the cash proceeds to half of that offered by adjustable rate reverse mortgages.

Some state and local governments offer low-cost reverse mortgages to seniors. These “public sector” loans generally must be used for specific purposes, such as paying for home repairs or property taxes, but most of them are insured by the Federal Housing Administration (FHA) and often have more favorable interest rates and fewer or no fees associated with them. These programs are typically very restrictive in terms of qualification and location, and many regions, states, and areas do not have such programs at all.

A reverse mortgage is a really great thing if you have lots of equity in your home, and you don’t have very much liquidated cash to enjoy your retirement.

Sukarno

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Sukarno (June 6, 1901 – June 21, 1970) was the first President of Indonesia. He helped the country win its independence from the Netherlands and was President from 1945 to 1967, presiding with mixed success over the country’s turbulent transition to independence. Sukarno was forced down from power by one of his generals, Suharto, who formally became President in March 1967.

The spelling “Sukarno” has been official in Indonesia since 1947 but the older spelling Soekarno is still frequently used, mainly because he signed his name in the old spelling. Official Indonesian presidential decrees from the period 1947-1968, however, printed his name using the 1947 spelling.

Indonesians also remember him as Bung Karno or Pak Karno. Like many Javanese people, he had only one name; in religious contexts, he was occasionally referred to as ‘Achmad Sukarno’.

The son of a Javanese school teacher and his Balinese wife from Buleleng regency, Sukarno was born in Blitar, East Java in the Dutch East Indies (now Indonesia). He was admitted into a Dutch-run school as a child. When his father sent him to Surabaya in 1916 to attend a secondary school, he met Tjokroaminoto, a future nationalist. In 1921 he began to study at the Technische Hogeschool (Technical Institute) in Bandung. He studied civil engineering and focused on architecture.

Atypically, even among the colony’s small educated elite, Sukarno was fluent in several languages. In addition to the Javanese language of his childhood, he was a master of Sundanese and of Indonesian, and especially strong in Dutch. He was also quite comfortable in German, English, and French. Sukarno once remarked that when he was studying in Surabaya, he often sat behind the screen in movie theaters reading the Dutch subtitles in reverse because the front seats were only for elite Dutch people.

In his studies, Sukarno was “intensely modern,” both in architecture and in politics. Sukarno interpreted these ideas in his dress, in his urban planning for the capital (eventually Jakarta), and in his socialist politics. For Sukarno, modernity was blind to race, neat and Western in style, and anti-imperialist