Senior Lisa Yang dies

first_imgSenior Lisa Yang, a resident of McGlinn Hall, died Tuesday at Memorial Hospital in South Bend, according to a Notre Dame press release.Yang was a student in the Mendoza College of Business and a native of Herndon, Virginia, in the Washington, D.C. metropolitan area.Yang was also a member of the Student International Business Council (SIBC), according to the SIBC website.“Our heartfelt condolences and prayers are with Lisa’s family and friends,” said an email sent to students and staff Tuesday evening from Vice President of Student Affairs Erin Hoffmann Harding, University President Fr. John Jenkins and Mendoza College of Business Dean Dr. Roger Huang.A memorial service will be held the week of March 16, according to the email. More details will follow.“Thank you for keeping Lisa, her family and all who loved her in your prayers during this significant time of remembrance and reflection for our Notre Dame community,” University President Fr. John Jenkins said in a statement.The University Counseling Center and Campus Ministry are both available for support for students, the email from Hoffmann Harding, Jenkins and Huang said.Tags: Lisa Yanglast_img read more

Mattis Impressed With Colombian Progress, Concerned About Venezuela

first_imgBy By Jim Garamone, DoD News, Defense Media Activity August 24, 2018 U.S. Defense Secretary James N. Mattis said he came away from Colombia impressed by the progress he witnessed there, but that he’s concerned about the unrest in neighboring Venezuela. Mattis spoke to reporters traveling with him on the homeward leg of his trip to South America last week. “I don’t always leave a theater saying, ‘Boy, what a fortunate theater that is,’” he said. “And yet, there are a lot of reasons to look at this as a fortunate hemisphere here. But, that just means we work more on it. We don’t get complacent. We go to work.” Colombia was close to being a failed state in the 1980s and 1990s. An insurgency threatened the government, and transnational criminal organizations used their financial and paramilitary might freely. Mattis noted that at one point, Bogota, the capital of the country, was almost surrounded by enemies. Reliable U.S. Partner Today, Colombia is one of America’s “most capable, and certainly, most reliable partners both in Latin America and even in the world in many ways,” Mattis said. Colombia’s police and military — once known for lawlessness — now set the regional standard for operational effectiveness and for respecting human rights. “We stand with them as they continue to strengthen their democracy,” the secretary said. “We saw that in the election, the series of elections, the runoff and all that just occurred.” Today, Colombia is exporting stability, helping neighboring states develop their police and military capabilities. Colombia is also hosting the UNITAS exercise next month [September 2018]. Unitas is Latin for unity. This is the longest-running annual multinational maritime exercise, and it will encompass ships and personnel from all over the hemisphere. Colombia is just one example of the spread of democratic ideas in the region. In fact, Mattis said, “this has also become more the norm, except for three countries of course: Nicaragua, Cuba and Venezuela. Crisis in Venezuela The crisis in Venezuela is being felt around the region. Hyperinflation in that country is expected to hit 1 million percent this year. Officials in Colombia estimate that a million Venezuelans are in Colombia now, and tens of thousands of people are fleeing the country to other neighbors. Neighboring nations are helping with these refugees and looking to ensure peace along a desperate border. “We are working with them as well. “A subject [that] came up in both of my meetings this morning … was on what we’re working on in terms of the Venezuelan refugees and their destabilizing impact they have,” Mattis said. “Probably a million or more that are in Colombia now, and you know about the thousands, tens of thousands, elsewhere, and … it’s an enormous challenge.” The U.S. State Department is providing $56 million in aid to refugees. The U.S. Department of Defense is sending the hospital ship USNS Comfort to the region to help. “It is absolutely a humanitarian mission,” the secretary said. “We’re not sending soldiers; we’re sending doctors. And it’s an effort to deal with the human cost of [Venezuelan President Nicolas] Maduro, and his increasingly isolated regime.” (Follow Jim Garamone on Twitter: @GaramoneDoDNews)last_img read more

Negative interest rates – are they headed to the U.S.?

first_img 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,James Lutter D. James (Jim) Lutter is the Senior Vice President of Trading and Operations at PMA Financial Network and PMA Securities where he oversees PMA Funding, a service of both companies … Web: pmafunding.com Details Both Japan and Europe have been experimenting with negative interest rates since the 2008 recession. With their economies experiencing anemic growth and inflation at subdued or deflationary levels, central banks have turned to a negative interest rate policy. The goal is to reduce rates to a level below zero, enticing individuals and corporations to invest or borrow rather than hold low yielding investments and deposits. With this concept, forcing money back into the economy should increase inflation and growth.In 2009, Switzerland central bank implemented a negative interest rate policy; Denmark followed in 2012, the European Union in 2014 and Japan in 2016. Though policy is one way to manipulate rates, yet another way that has been used in conjunction is through negative rate term debt issuance.How does it work?Central banks generally charge negative interest rates on excess reserves held at the central banks. In practice, deposits that are held above the required levels are charged the negative interest rate, which is paid directly to the central bank. This is usually done through a tiered system where commercial banks pay for holding excess reserves with the central bank. The goal is to discourage commercial banks from maintaining large cash balances and, in turn, incentivize loans.Each country has its own variation of a tier system. However, for the most part, negative interest will be charged on reserve amounts up to a threshold at which point any balances in excess of the threshold will be charged zero interest. The goal with these tiered systems is to mitigate effects on bank profitability as negative interests in effect become an expense to banks – thus impacting income.To date, retail customers have been insulated from receiving negative interest rates on their bank balances. There seems to be a general consensus among banks and politicians that negative rates charge on retail deposits would be unfavorable. However, Denmark recently announced they will begin charging negative rates on balances in excess of deposit insurance limits.The big question for the U.S.: Are we headed for negative rates?The short answer is, not in the near term. The U.S. has experienced stronger growth than most industrialized economies. Fundamentally, the U.S. economy remains on strong footing with mild inflation, low unemployment and strong wage gains. The U.S. economy is not experiencing deflation, as is the case with Japan and Europe. Also, the U.S. is still the world’s reserve currency, and by implementing a negative rate policy has the potential to severely damage this position. All this said, it is important to acknowledge the exogenous factors of negative interest rates from much of the industrialized world. Presumably, the longer other countries hold negative interest rates, the U.S. may be forced in this direction in order to maintain a competitive currency on the global stage. Furthermore, being in the late stages of on economic expansion with historically low interest rates doesn’t leave the Fed with a lot of room to work with to combat a slowdown.Is negative interest rate policy working?What we know– countries that are deploying negative interest rates are seeing households saving at a higher rate and holding more cash instead of spending. The same holds true for business, which is using low-cost cash to buy back stock. Financial institutions are not loaning money as intended and are seeing compression on spreads. This highlights the peril of central bank policy makers. Interest rates are only one means available to stimulate an economy. Co-author: Todd A. Terrazaslast_img read more

In the first week, 13 ATMs were removed in Dubrovnik

first_imgPenalties will be issued on a daily basis in case of non-compliance with the Decision, and can go up to HRK 200.000 million for legal entities and up to HRK XNUMX for natural persons. Thus, by Friday, after the previous administrative procedures and the expiration of the legal deadlines for adjustment, 11 decisions on execution through a fine were issued, and the owners themselves removed a total of 13 ATMs in the last seven days, four in Od Puča Street, three with Stradun, two from Boškovićeva and Široka streets and one each from Restićeva street and Gundulićeva poljana, stand out next to the city of Dubrovnik. The implementation of the Decision of the City of Dubrovnik on restricting the installation of ATMs in the historic core shows excellent results, and in the first week, since the first Decisions on removal came into force, 13 devices have already been removed. High fines are envisaged for violators, and the Municipal Police of the City of Dubrovnik continues to check locations in the historic core on a daily basis, and fines will be issued on a daily basis. However, according to the announcements, the removal of all remaining ATMs that were set up without the consent of the conservator is expected, they conclude from the city of Dubrovnik. Related news: The city of Dubrovnik is the first Croatian city to regulate the issue of setting up ATMs with their acts, which began to ruin the appearance of UNESCO’s monumental heritage with excessive numbers. Photo: City of Dubrovnik AFTER DUBROVNIK AND ROVINJ INTRODUCED SPECIAL CONDITIONS FOR THE INSTALLATION OF ATMS IN THE OLD CENTERlast_img read more

UK local government funds appoint to custodian framework

first_imgThe funds said the combined contract, negotiated through the framework, would save £1.25m over the contract period, and £250,000 in procurement costs.Each scheme, however, retains a separate contract with HSBC defined to the particular requirements.Jill Davy, head of financial services at London Borough of Hackney council, said: “Working together has delivered a great value for money outcome for each of our funds, but wider benefits for each of us also as we shared our ideas and experience to help identify the right solution for each of us.”The framework, which was originally set up in 2012, allows local government funds to reduce the procurement process, still comply with European legislation, but leverage better pricing through collaboration, and the use of a price ceiling.It covers actuarial, benefit and investment consultancy services, global custody, and from the end of this year, legal services.This is real collaboration in action, already delivering significant savings and benefits for the LGPS. The achieved and potential savings are very significant,” said Nicola Mark, head of Norfolk Pension Fund and chair of the framework.Six custodians were appointed to the framework for services in November 2013, and alongside HSBC are BNP Paribas, BNY Mellon, JP Morgan, Northern Trust and State Street.The original framework was jointly created by seven local authority funds , but remains open to all LGPS funds. Three local government funds have made a joint custodian appointment using the newly established National LGPS Framework agreement, saving around £1.5m (€1.8m) through collaboration.The framework, which was set up by local government funds in order help reduce procurement costs, and negotiate better deal for funds, went live for custodian services at the start of 2014.Suffolk Pension Fund and London’s Hackney Pension Fund joined Norfolk, which led the creation of framework agreements for the LGPS in 2012.Jointly, the funds appointed HSBC Securities to act as global custodian for the combined £5.2bn in assets.last_img read more

Fire Scare Onboard German CTV

first_imgGerman Maritime Search and Rescue Association (DGzRS) responded to a report of a fire onboard a crew transfer vessel near the Nordergründe offshore wind farm on Monday, 30 April.According to DGzRS, the fire started in one of the engine rooms of an Offshore Taxi vessel.The engine room had been sealed off and the fire put out by the three crew members onboard by the time the first responders arrived. A police helicopter was also called in to assist with the rescue efforts.At the time of the accident, the vessel was located some five nautical miles north of the Mellum Island in the mouth of the river Wesser.Once inspected, the 24-metre catamaran was cleared to return to its home port of Cuxhaven under its own power.No one was injured in the accident, DGzRS said. The cause of the fire is unknown.last_img read more

Trump Administration Bans Cuba Cruise Ship Port Calls

first_imgThe Trump administration has unveiled new restrictions for U.S. travel to Cuba, including banning group tours and cruise ship stops to the island nation.Under the newly announced changes, meant to tighten the economic pressure on the Cuban government, the United States will no longer permit visits to Cuba via passenger and recreational vessels, including cruise ships and yachts, and private and corporate aircraft.“Veiled tourism has served to line the pockets of the Cuban military, the very same people supporting Nicolas Maduro in Venezuela and repressing the Cuban people on the island,” according to a statement from the U.S. Department of State.Additionally, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending non-family travel to Cuba regulations to remove the authorization for group people-to-people educational travel.The OFAC amended the Cuban Assets Control Regulations (CACR) on June 4 to further implement the President’s foreign policy on Cuba.These changes complement the ones to the Department of Commerce’s Bureau of Industry and Security (BIS) Export Administration Regulations (EAR). These were announced on April 17, 2019, and include restrictions on non-family travel to Cuba.While Norwegian Cruise Line said it is “closely monitoring these recent developments and any resulting impact to cruise travel to Cuba,” Royal Caribbean Cruises already canceled two port calls to Cuba for June 5 and June 6 sailings. The company added that further impacts to the cruise itineraries would be evaluated.last_img read more

South Africa bans alcohol sales again to combat COVID-19

first_imgPresident Cyril Ramaphosa said the alcohol ban – South Africa’s second this year – would take pressure off the national healthcare system. South Africa imposes another ban on alcohol sales to help contain the spread of novel coronavirus disease. AFP South Africa remains the hardest-hit country on the continent, and earlier this week recorded its highest-ever single-day increase in cases. Nearly half of them were in Gauteng, a province that’s become the outbreak epicenter. (BBC) A night-time curfew has also been imposed, and the wearing of masks outdoors is now compulsory. Deaths resulting from coronavirus have also risen to more than 4,000, and government projections estimate this could rise to 50,000 by the end of the year.center_img It comes as total infections exceed a quarter of a million. SOUTH Africa has introduced new restrictions, including another ban on alcohol sales, to help contain the spread of coronavirus. The alcohol ban comes just weeks after another three-month ban was lifted in an effort to prevent drunken fighting, cut domestic violence and eliminate weekend binge-drinking prevalent across South Africa.last_img read more

Mike Tyson tells Wilder to ‘grow up’

first_imgRelatedPosts Tyson Fury to Anthony Joshua: Don’t risk fighting Usyk Anthony Joshua wants Tyson Fury, Wilder fight Joshua: Tyson Fury won’t distract me Mike Tyson has urged Deontay Wilder to stop feeling sorry for himself after his loss to Tyson Fury. Wilder’s five-year reign as WBC heavyweight champion came to an end in February at the hands of The Gypsy King. The American suffered a seventh-round TKO defeat in front of a sold-out crowd at Las Vegas’ MGM Grand Garden Arena, with his corner throwing in the towel at the 1:39 mark to mercifully prevent him from taking any more unnecessary punishment. Wilder was quick to give Fury his just dues after suffering his first professional loss, hailing the 31-year-old for his stellar performance. But a few days removed from their multi-million-pound rematch, Wilder majorly detracted from Fury’s career-defining victory by attributing his loss to the extravagant outfit he wore during his ring walk – which he claimed drained his energy reserves. Like many others, Tyson was baffled by Wilder’s excuse for his maiden loss and has urged his fellow countryman to suck it up and take it on the chin. “[Wilder] feels like giving up, ‘Oh, my life is over. ‘I’ve made $90 million (£73 million). My life is over. Oh God, I want to die,’” the former undisputed heavyweight champion said during a recent episode of his Hotboxin’ with Mike Tyson podcast. “Grow up.” “Keep going through it until it’s really over.” Wilder will have the opportunity to exact revenge on Fury later this year having exercised the trilogy fight clause placed in his contract to rematch the lineal-heavyweight champion. Although he was resoundingly beaten by Fury, who dominated the contest from the very first exchange, Tyson believes Wilder should continue to fight with confidence. He added: “Wilder can still make a lot of money. He shouldn’t feel sad or discouraged. And he should continue to go out there and fight with a lot of zest and confidence.” Unlike their first meeting, Wilder was forced to march to the beat of Fury’s drum, with the Brit dictating the pace of the contest and, surprisingly, being the aggressor. And after seeing Fury have his way with The Bronze Bomber, Tyson isn’t confident of his countryman’s chances of avenging his first loss. “Listen, he didn’t fight the same fight as he fought the first fight,” he said. “The first fight, [Wilder] fought with confidence like he could win. “In this fight, he fought like he didn’t have no zest, no life in him. I don’t think he was the same fighter after the first fight. “After the first fight, [Wilder] couldn’t rise to the occasion again.” Wilder and Fury were on course to renew their rivalry in Las Vegas on July 18. Their third meeting, however, has been postponed until October due to the coronavirus outbreak, which has wreaked havoc with the sporting calendar.Tags: BOXINGDeontay Wildermike tysonTyson Furylast_img read more

Other Sports Vinod Tawde, Maharashtra Sports Minister, assures help to shooter Rahi Sarnobat

first_img New Delhi: A few days back the Asian Game gold medalist, Rahi Sarnobat had expressed her apprehensions about financial stability. To her surprise, the Maharashtra Sports Minister Vinod Tawde assured the star shooter to look into the issue. Vinod Tawde went on saying that he will try his level best to resolve the matter as soon as possible. It’s known that Rahi Sarnobat is severely looking for financial stability to carry on her career.Tawde said that he is in contact with her, and her family on a regular basis and keeping the issue on priority.”We have given financial security to her and her family has also given to her. After she bagged a medal (in the 2018 Asian Games), we have given her prizes worth lakhs.”If the government salary doesn’t come, it can’t be a nightmare, but it should come on time. I will personally look into the matter. I often speak to Rahi, her family members meet me and we have been solving the issues,” Tawde told reporters when asked about the concerns raised by Sarnobat. “Rahi should play well, practice; get a medal, which is not only India’s but also Maharashtra’s expectation. We will solve (her) problems,” the minister assured the star pistol shooter. Tawde was addressing a media briefing where he announced the winners of Shiv Chhatrapati Awards, which are given by the state government.”I feel I don’t have more than four years left as a professional shooter and after 12 years of competing for India, I still have sleepless nights about my financial situation,” she had said.She claimed that she had not been paid since September 2017 by her employers. Tawde said he has also spoken to Chief Minister Devendra Fadnavis about such issues raised by sportspersons.He also informed that the state government was looking to form a committee which would determine the work structure of players.”Whether it is Rahi or other players, they are the pride of India and Maharashtra. We have given leave to (shooter) Tejaswini Sawant, who works with the sports department for training,” the minister said.”We are forming a committee of experts who will determine how on-field players can be given leave (from work) and when they are off the field, how their work structure will be. After the committee gives its report we will take an (appropriate) decision,” he said.Tawde further urged the sportspersons, who get direct employment, to work with the sports department.  Vinod Tawde will work regressively to solve Rahi’s issue. Tawde is in direct contact with Rahi, and her family.Tawde urges the sportspersons to work in sports departments.  highlights For all the Latest Sports News News, Other Sports News, Download News Nation Android and iOS Mobile Apps.last_img read more