Cullen Crozier, aptn National NewsA successful alternative school program in the town of Fort Smith in the Northwest Territories is on the verge of closing because of funding cuts by the Territorial government.It’s called the Pheonix program and it helps students who have slipped through cracks in the education system. This has put many students who are benefitting from the program at risk of losing everything they have worked so hard for.The program caters to students who have had trouble fitting into the regular school system. Heather Villeneuve is an administrator at the Pheonix program at the school.“The majority of students work very very well in a regular high school setting. But there are those intelligent young people who need to get their education and be successful in life who need a different way of school. A lot of very deserving people who are ready to be educated but on different terms. This program is meeting their needs.”Catherine Benwell is a single mother who is just a few courses away from receiving her diploma. She says that the program has been instrumental in her academic achievements.“it’s very hard because a child needs a lot of attention and there isn’t a lot of childcare in this town and what not and so you have to balance it out and with this program it helps a lot.”In the last three years the program has helped nearly 30 students receive their high school diplomas, 90% of which are aboriginal students.But the program is still threatened by cuts. Starting next semester the government of the Northwest Territories will cut funding to the Pheonix school from $660,000 to an estimated $440,000. Villenuve says people are working hard because they don’t know what is going to become of the program.“people are scrambling now just trying to get as many credits as they can in before we close and it’s just really disheartening.”Villeneuve says the program will have to run during regular school hours to help save money. But they say that will stop the program in it’s tracks.Jason Lepine is with the District Education Authority.“in this day and age when we would like everybody to succeed the last thing we should be doing is throwing obstacles in the way of success that’s not to say that we are not capable of working or collaborating with the government to ensure success of the phoenix program it’s just that it’s very discouraging to have those reductions.”Other students:As for Catherine Benwell and the other 24 students set to graduate this year, the worry is that other students in their position won’t get the same opportunity to succeed.“I was very disappointed because from people thinking that this is going to be going on for a long time then just cutting it off all of a sudden and changing their life plans type of thing I felt very disappointed.”The government of the Northwest Territories is set to release it’s budtget next month.The community of Fort Smith is now rallying to keep the program alive.So far, the government has been unavailable to comment on the cuts.
Tom Fennario APTN National NewsIt’s been 375 years since Europeans incorporated Montreal and now the city wants to reconcile itself with its Indigenous residents.The city has announced a series of measures to make it a reality.That includes helping to fund this year’s annual pow email@example.com
A fiery explosion at a home in Oakville this afternoon. It happened just before five o’clock — and destroyed much of the home.So far we know that workers were renovating this home on Sandlewood Road when they hit a gas line. The explosion blew the back of the house into the back yard — and the roof caved in. The fire was then being fueled by the natural gas. Union Gas arrived and shut off the gas after initially having trouble finding the shutoff to the home. Oakville fire has the blaze under control. Luckily there are no injuries to report. Gas was shut off to about 60 residences for a time. Oakville’s deputy fire chief George Birtig describes the damage: “It seems to be confined to the back yard. It appears when the wall blew straight out, the roof went straight down. So right now, there is a bit of damage to the shed on the one side and none on the other side. So it is pretty limited as far as debris field goes.”While the homeowners were living in the home, they weren’t home at the time. The contractors were there when emergency crews arrived.And in Burlington tonight, fire fighters were called to the Burlington Mall just after ten o’clock for reports of smoke seen coming from the roof of The Bay department store. Crews went up to the roof to check it out and didn’t find a fire. But they say there was an issue in the H-vac system that was being worked on earlier in the day. No one was injured — and there’s no word on any damages at this point.
The Secretary-General’s programme included separate meetings with His Excellency Glafcos Clerides, the Greek Cypriot leader; His Excellency Rauf Denktash, the Turkish Cypriot leader; a working luncheon and a further meeting in the afternoon.Asked about the talks upon his arrival this morning at UN Headquarters, the Secretary-General told the press that he aimed to review progress achieved so far and to identify how to accelerate the process.”We’re going to try and do as much as we can to come to an understanding and bring the talks to closure, at least come to agreement on the core issues by the end of the year,” he said. “That is the target. If we miss that, obviously, we will have to find ways of bringing it to closure beyond that date, but I hope we can do it before the end of the year.”
Strongly condemning the assassination, Leandro Despouy, the Special Rapporteur on the independence of judges and lawyers, said he was particularly concerned at allegations that the police forces might have been involved in the crime, in which Khamis al-Obeidi was shot to death Wednesday after being abducted from his Baghdad home.“This is the third killing of a member of Saddam Hussein’s defence team since the trial started in October last year,” according to formal statement in which the office of the UN High Commissioner for Human Rights released Mr. Despouy’s views. In that light, the statement said that the Special Rapporteur reiterated his criticisms of the Iraqi High Tribunal, namely, that its jurisdiction is limited to certain groups of individuals, that it was set up in the context of an armed occupation, that it violates the right to be tried by an impartial tribunal and under those conditions is empowered to impose the death penalty.“The Special Rapporteur wishes to reiterate his support for the establishment of an international tribunal to ensure that the entire spectrum of barbaric crimes committed in Iraq are prosecuted in a comprehensive, independent and impartial manner, in full respect of the right to truth of all victims and of the international community at large,” the statement said.Special Rapporteurs are unpaid, independent rights experts with a mandate from the former Commission on Human Rights, which is being replaced by the newly-created Human Rights Council.
Firefox : nouvelles et importantes mises à jourÉtats-Unis – Journée chargée pour Mozilla. L’éditeur de Firefox et de Thunderbird publie quatre mises à jour, visant à renforcer la sécurité de ses deux logiciels phares.Les dernières versions de Firefox et Thunderbird sont à nouveau actualisées. La sortie de la bêta 5 de Firefox à peine officialisée, Mozilla publie en effet une mise à jour pour combler pas moins de quatorze failles de sécurité sur le navigateur. Une nouvelle option “X-FRAME OPTIONS” permettra même aux webmasters de sécuriser davantage leurs sites. Selon la configuration possédée par les internautes, Mozilla invite à télécharger les versions 3.5.12 ou 3.6.9 de son navigateur sans délai, dix failles critiques étant constatées. Il en va de même pour Thunderbird.Le 9 septembre 2010 à 11:58 • Emmanuel Perrin
Updated: 6:23 PM May 12, 2018 Categories: Good Morning San Diego, Local San Diego News FacebookTwitter Posted: May 12, 2018 Jason Austell, Jason Austell 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsPoodle lovers listen up! Poodles on Parade is coming to the Rancho Bernardo Community Park, May 19th.Sandie Lampe and Jason Austell hang out with some poodles and their owners to spread the poodle love and talk more about the event.For more information, visit: http://spiritofthefourth.org/PoodlesOnParade.html Pet Patrol: Poodles on Parade
Just under a third (31%) of respondents are more concerned about their pension and retirement since the UK’s decision to leave the European Union (EU) in June’s referendum vote, according to research by Wealth Wizards.Its survey of 2,000 Brits also found that 31% of respondents feel it is their employers’ responsibility to provide them with access to advice about their pension following the leave result.The research also found:40% of respondents did not consider the implication to their pension when voting in the EU referendum.50% of respondents who voted to remain in the EU are more concerned about their pension and retirement following the outcome of the vote, compared to 15% of respondents who voted to leave the EU.38% of respondents do not know how well diversified their pensions are.11% of respondents say they would have voted differently if they had considered the implications to their pensions.Andrew Firth, chief executive officer at Wealth Wizards, said: “As we look towards a future of change, there has never been a more acute time for people to understand their pensions and the options available to them.“While there is still a great deal of uncertainty, it is encouraging that people are taking responsibility for their financial future and are realising that planning for their retirement is not an abstract idea to be dealt with in the future but something to be addressed in the here and now.”
The Pipeline and related facilities, located on the West Side of Cook Inlet, consist of 44 miles of onshore crude oil pipelines, dual 2.7 mile-long offshore crude oil pipelines, the Drift River tank farm, and the offshore Christy Lee loading platform. The $75 Million project includes construction of new onshore and offshore pipelines and the conversion of an existing cross inlet pipeline (CIGGS-A) from gas to oil, allowing oil to be transported from the east side of Cook Inlet to the Andeavor Refinery (previously Tesoro) via subsea pipeline. Sean P. Kolassa, President of Harvest Midstream: “This whole project was conceived locally by folks really trying to work with all the various agencies to come up with the right solution.” Facebook0TwitterEmailPrintFriendly分享The undersea pipeline in the Cook Inlet operated by Hilcorp Alaska, LLC and Harvest Alaska, LLC has officially opened. Harvest Alaska employs 28 people in Alaska who are currently responsible for operating and managing pipeline systems on the North Slope and in Cook Inlet. Kolassa: “This creates a much more cost effective solution for moving the oil and getting it over to the Kenai refinery. Really, this extends the life of all of the reserves.”
Diablo established an Employee Stock Ownership Plan in late 2014 that effectively handed control of the company over to its 43 employees. Barney Fonzi, formerly group publisher, was promoted to president as part of the changeover. And though similar programs might not be the right fit everywhere, Diablo’s long-tenured management and staff meant that it made sense in this case. The company went 100 percent ESOP—its common for companies using ESOPs to only apportion a percentage of ownership to employees rather than the whole thing—with all staffers participating. But rather than seek out a private equity investor or a strategic partner willing to absorb his company’s business—a sizeable one with a handful of owned titles and around 40 custom clients, including the MLB’s San Francisco Giants and Oakland Athletics—Rivera looked inward. After leading Diablo Publications for 35 years, founder Steven Rivera was looking for an exit strategy that would leave his company in tact for years to come. “We have a lot of people who had been here 15, 20 years and were really connected with the community,” Fonzi says. “So often you see a sale to an outside company and they come in and change the way of doing things and change people. [A traditional sale] was considered as one of the potential options, but the company was never on the market to be sold.” While the move is somewhat unique to the magazine industry, its more common in the Bay Area of California where Diablo is based, Fonzi says. There are about 9,000 ESOP-owned companies nationwide, representing more than 3.5 million workers, according to data provided by the company. “It’s nice to put a well-established employee base in control of their own future, as opposed to having another corporation taking that role,” Fonzi says. “We’ve had the same management team in place for about 10 years now, so it’s not management by committee—none of that changes—but the employees have a vested interest. It’s only four months old, but there’s been a real sense of excitement so far.”
Cross-Border Salmon Dispute Puts A Damper on Summer Troll OpenerRachel Waldholz, KCAW – SitkaHarbors emptied throughout Southeast this week as fishermen headed out for the beginning of the summer troll season.Bristol Bay Sockeye: A Run on the Brink?David Bedinger, KDLG – DillinghamAlaska’s largest sockeye salmon fishery was predicted to have a near-record return this summer, but so far the reds have only trickled into Bristol Bay’s rivers.Berkowitz Emphasizes New Tone for a New Anchorage in Inaugural AddressZachariah Hughes, KSKA – AnchorageYesterday, Ethan Berkowitz formally became the new Mayor of Anchorage.Anchorage’s 2014-2015 Snowfall Levels Lowest on RecordJosh Edge, APRN – AnchorageAs July begins and the National Weather Service resets their annual snowfall totals to zero, it’s official — Anchorage’s snowfall levels last winter are the lowest on record.Alaska’s Shoreline Erosion Rate Among Highest WorldwideLori Townsend, APRN – AnchorageA new study from the U.S. Geological Survey finds that Alaska’s northern coast has some of the highest rates of erosion in the world. Parasite Plagues Some Yukon KingsLaura Kraegel, KNOM – NomeAs salmon swim up the Yukon River, subsistence fishermen continue to express frustration about gear restrictions, closures, and — now — potentially infected fish.Hjalmar “Ofi” Olson, Bristol Bay elder, dies at 75David Bedinger, KDLG – DillinghamBristol Bay elder Hjalmar “Ofi” Olson passed away at an Anchorage hospital late Wednesday, according to family friends. Olson, who had been battling kidney failure for weeks, was 75.Sea Shanties, Scurvy, and a Sailboat Regatta Without WindShady Grove Oliver, KBBI – HomerThe 19th annual Land’s End Regatta ended the way a sailboat race shouldn’t- it was called on the second day for lack of wind. Stories are posted on the APRN news page. You can subscribe to APRN’s newsfeeds via email, podcast and RSS. Follow us on Facebook at alaskapublic.org and on Twitter @aprn.Download Audio
.A Netrakona court on Tuesday sentenced four people to death for killing a microbus driver in 2013, reports UNB.The condemned convicts are Hasen Ali, 35, and Munna of Kalmakanda upazila, Abdul Malek of Sirajdikhan upazila in Munshiganj and Selim Sarker of Sreepur upazila in Gazipur district.According to the prosecution, the convicts hired the microbus of Solaiman, 45, of Mobarakpur village in Sadar upazila for going to Gazipur on 16 January 2013.When the microbus was heading towards Gazipur, the convicts strangulated Solaiman to death and threw the body out of the vehicle before hijacking it.Seeing the suspected movement of the microbus, traffic police in Sreepur upazila halted it and challenged the four convicts.Following interrogation, police recovered the body of Solaiman in Sreepur upazila.Later, victim’s nephew Nurul Amin filed a case with Netrakona police station against eight people.On 26 March 2014, police submitted a charge-sheet against five accused.After examining the records and witnesses, district and sessions judge KM Rasheduzzaman Raja handed down the verdict.
The Baltimore City Council passed two bills Monday; one that requires all of the city’s police officers to wear body cameras and another banning plastic grocery bags, both of which Mayor Stephanie Rawlings Blake says she will veto. We’ll talk Baltimore politics with the Baltimore AFRO‘s Roberto Alejandro and Fox 45 investigative producer Stephen Janis.And outgoing D.C. Mayor Vincent Gray recently rejected a plea deal from federal prosecutors connected to the ongoing investigation into his 2010 mayoral campaign. We’ll talk to veteran Washington AFRO reporter James Wright about Gray’s political and legal plight. All that and more on First Edition this evening starting at 5 p.m.
John Dillinger started his life of crime early. At the age of 21, he was incarcerated for the first time after a botched grocery store holdup, resulting in a stint in the Indiana State Prison. His prison time left him a hardened, bitter, and vicious man who learned the art of committing bank robbery from his fellow inmates. On his release, that knowledge gave him the ability to become one of the most notorious villains of the mid-‘30s.Mug shot of John Dillinger.He spent 1933-34 committing a variety of violent robberies and a couple of jailbreaks. On May 10, 1933, Dillinger was paroled after being in prison for eight and a half years. This really marked the beginning of his infamy. According to the FBI, Dillinger robbed a bank in Bluffton, Ohio almost immediately upon his release.He was arrested by Dayton police on September 22nd and taken to jail in Lima until his case could be brought to trial. When he was searched by police at the time of his arrest, they found what seemed to be plans for a prison break on Dillinger’s body. Dillinger denied knowledge of any planned escape, though.John Dillinger ‘Wanted’ poster.Several days later, a group of eight of Dillinger’s friends used those same plans to break him out of the Indiana State Prison, shooting a couple of guards in the process.Three of those men showed up at the Lima jail on October 12th, along with a parolee who came from the same prison. The men told the guards they were there to move Dillinger to the prison, because he had broken his parole.Little Bohemia Lodge.When the Sheriff asked them for credentials, the group went into action, shooting the sheriff, beating the rest of the guards, and busting Dillinger out of jail.Dillinger and his gang went on a crime spree, looting two police arsenals for weapons, ammunition, and bulletproof vests, then robbing banks. In the course of their exploits, several police officers were killed.Photo of the medical supplies used to perform surgery on John Dillinger and his associate Homer Van Meter. Dillinger and Van Meter’s appearance and fingerprints were altered a few months before both men were killed by officers of the law.The gang went to Arizona to hide out, but they were caught when the hotel they were staying in caught fire and a firefighter recognized them. Dillinger was apprehended and sent to Lake County jail in Indiana. What followed was one of the most daring prison breaks in history.According to a report run at the time in the New York Daily News, Lake County jail was considered to be escape-proof, which seemed like a good idea considering Dillinger’s earlier jailbreak.Many different faces of Dillinger.Nonetheless, on March 3rd, 1934, John Dillinger escaped from Lake County jail after bluffing 33 jailers and inmates with a gun he’d carved of blackened wood, right in his cell and under his jailer’s noses.He and a co-conspirator locked everyone up in various cells, closets, and living quarters, stole two submachine guns from the warden’s quarters, and climbed over the wall.Old Lake County Courthouse. Photo by T. Tolbert CC BY SA 3.0Once they were outside the wall, the two men commandeered the Sheriff’s private car, taking a deputy sheriff and a garage worker along as hostages, and rode right through the fifty-man cordon whose sole purpose was to make sure he stayed inside. He gave the signal to leave by singing “Git along, little doggie. Go along.”Two hours after their escape, Dillinger and his companion released the two hostages they had taken, giving them each a handshake and a cigarette, and $4 for the cab fare back to the prison. When the men returned, the deputy was able to give the full story of how the men succeeded in the escape.The deputy related that the event occurred that morning when another deputy, a couple of porters, and a trustee entered Dillinger’s cell with a basin of water and some soap. The inmate was sitting on his bed and holding something in his hands.When the trustee bent over to put down the soap, Dillinger leaned over his back, and put the object, the wooden gun, to the deputy’s head, threatening to kill him. He had another jailer called for, taking his keys on his arrival.Photo of Anna Sage, best known as the “woman in red” who agreed to identify John Dillinger to law enforcement agents. Sage made an agreement to wear red as she and a female friend were escorted to the Biograph Theater in Chicago by Dillinger. This was how Dillinger was identified and killed as he left the theater with the woman.The first deputy and the men with him were locked in the cell, and Dillinger took the second deputy with him. Dillinger used the keys and the gun to start rounding up other groups of prisoners, and locking up the other guards.The two inmates took several hostages with them on their way to the armory, in the process also collecting the warden’s wife and mother-in-law. The men grabbed the guns and locked their hostages up, except for the deputy.The crowd at Chicago’s Biograph Theater on July 22, 1934, shortly after John Dillinger was killed there by law enforcement officers.Making their way to the garage, the prisoners threatened the garage workers with their guns, demanding the fastest car available, which happened to be the Sheriff’s.The men put the deputy and one of the garage workers in the front seat, held the guns to their backs, and demanded that they drive, which they did. The two desperados were free — thanks to a wooden gun.Even though the two escapees avoided a cordon and manhunt that involved thousands of searchers, that escape was ultimately how John Dillinger died.Read another story from us: Baby Face Nelson – The Real Bad Boy of Prohibition-Era GangstersIn stealing the car and driving it over state lines, he had committed a federal crime, paving the way for a nationwide manhunt. Although it took a while to track him down, and he continued his larcenous ways, he was eventually found and gunned down on July 22, 1934.
Arizona families, Arizona farms: working to produce high-quality milk Former Arizona Rep. Don Shooter shows health improvement Comments Share Fiat said in a joint government statement that it will invest in Italy to prepare new products for launch when the market recovers, and that it has invested (EURO)5 billion ($6.5 billion) in the last three years.Fiat investments have come under scrutiny since it retreated on plans to invest (EURO)20 billion over five years due to uncertainty.(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) Mary Coyle ice cream to reopen in central Phoenix Top Stories MILAN (AP) – Italian carmaker Fiat has restated its commitment to remain in Italy and says it will refocus its Italian plants on exports.Fiat, which controls U.S. carmaker Chrysler, made the assurances Saturday after CEO Sergio Marchionne met with Premier Mario Monti amid growing concerns that the crisis would force plant closures.Fiat sales in Italy dropped by 20 percent in the first half of the year, and plants have been greatly underutilized. Construction begins on Chandler hospital expansion project Bottoms up! Enjoy a cold one for International Beer Day Patients with chronic pain give advice Sponsored Stories 4 ways to protect your company from cyber breaches
Check your body, save your life Earnest has declined to discuss details of those meetings and said the government has not made any “public declaration” of who was behind the hack.“The kinds of conversations that take place behind closed doors in the context of a summit as significant as the security, strategic and economic dialogue, are different than the kinds of public discussions that take place,” Earnest said Tuesday. “After all, that’s the reason that we would invite senior Chinese official to the United States, is so that we wouldn’t have conversations through the media, but actually have an opportunity in a private setting to have a direct face-to-face discussion.”___Follow Alicia A. Caldwell on Twitter at www.twitter.com/acaldwellapCopyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. New Valley school lets students pick career-path academies 5 people who need to visit the Ultrastar Multi-tainment Center Chaffetz asked Wednesday whether the figure could actually be as high as 32 million people.White House spokesman Josh Earnest said Wednesday it is a challenge to determine the scope of breaches and who is responsible but promised “a serious commitment to trying to be as forthright as possible about what it is we know.”As Archuleta again defended herself and her agency, lawmakers pushed back.“I disagree that nobody is to be held personally responsible,” Chaffetz said. “As the head of the agency, Ms. Archuleta is in fact statutorily responsible.”Even the most sympathetic lawmaker during Wednesday’s six-hour hearing suggested Archuleta wasn’t helping herself with her responses.California Democrat Rep. Mark DeSaulnier said Archuleta came across as “petulant, defensive and evasive.”The focus on Capitol Hill over the federal government’s hacking continued during Wednesday’s conclusion of important U.S.-China diplomatic meetings in Washington, known as the strategic and economic dialogue. It was not immediately clear whether the hacking came up during the meetings, although Secretary of State John Kerry on Tuesday said he anticipated “a very frank discussion of cyber security and other ongoing concerns.” For Archuleta, it was the latest appearance before angry lawmakers demanding answers about the personal information, including information used for background investigations for those seeking a security clearance. Some lawmakers have urged the White House to fire her.House Oversight and Government Reform Committee Chairman Jason Chaffetz, a Utah Republican, said Wednesday he had no confidence in Archuleta.“I think you are part of the problem,” Chaffetz said. “That hurricane has come and blown this building down, and I don’t want to hear about putting boards up on windows (now). It’s time for you to go.”Archuleta said it was the responsibility of her and her chief information officer to protect OPM records, but she again sought to steer blame to the hackers, whom she described as a “very dedicated, focused actor.” Asked directly about reports that U.S. officials blamed China’s government, she responded: “That’s classified.”Across town, senior China diplomats were meeting with U.S. officials in the final day of meetings about strategic and economic issues.On Capitol Hill, the chief operating officer for a federal contractor, KeyPoint Government Solutions Inc., told lawmakers that it wasn’t his company’s fault. 0 Comments Share WASHINGTON (AP) — Finger-pointing burst into the open on Capitol Hill Wednesday over blame for hacking into the U.S. government’s personnel records, which the chairman of a House oversight committee said might affect as many as 32 million current and former employees and others.The head of the U.S. Office of Personnel Management, Katherine Archuleta, acknowledged to lawmakers that she was responsible for keeping the files safe but blamed the hackers, and an executive disputed an official account that hackers had used one of his employee’s credentials in one of the break-ins. It was the third congressional hearing on the subject in recent days. 3 international destinations to visit in 2019 “There is absolutely no evidence that KeyPoint was responsible for that breach,” executive Eric Hess said.Hess countered assertions by Archuleta on Tuesday and Wednesday. She told lawmakers that hackers used a stolen KeyPoint credential to break into the network. Credentials are equivalent to electronic keys.“There was a credential that was used, and that’s the way they got in,” Archuleta said, answering a question from Rep. Bonnie Watson Coleman, D-N.J.Hess later told lawmakers that Archuleta was referring to a KeyPoint employee who had an OPM account.Rep. Matt Cartwright, D-Pennsylvania, was critical of Hess’s parsing of responsibility, saying he was making “some fine distinctions” in explaining the role of a KeyPoint employee in the data breach.Archuleta told a Senate appropriations subcommittee on Tuesday that while a KeyPoint credential was used, “we don’t have any evidence that would suggest that KeyPoint as a company was responsible or directly involved in the intrusion.”She said, in fact, that no one person was responsible, and blamed the hackers for the intrusion.Archuleta has declined to say how many current or former government employees, contractors or job applicants may have been affected, repeating only the original figure of 4.2 million people disclosed last month. Ex-FBI agent details raid on Phoenix body donation facility Here’s how to repair and patch damaged drywall Sponsored Stories Top Stories Milstead says best way to stop wrong-way incidents is driving sober Katherine Archuleta, director, Office of Personnel Management, gestures while she testifies before the Senate Appropriations subcommittee on Financial Services and General Government hearings to review IT spending and date security at the Office of Personnel Management in Washington, Tuesday, June 23, 2015. (AP Photo/Cliff Owen)
When the Dodd-Frank Act came into play, the Federal Reserve took up regulatory responsibilities both for insurance holding companies that own a federally insured bank or thrift and for insurance companies designated as systemically important by the U.S. Financial Stability Oversight Council (FSOC).This transition brought about many changes for insurance companies, and today, Fed Governor Daniel K. Tarullo spoke at the National Association of Insurance Commissioner’s International Insurance Forum, Washington, D.C., to clarity what the agency’s role is and is not in regulating insurance companies and how too big to fail companies will be addressed in the near future.According to Tarullo, the U.S. insurance industry makes up a large portion of the U.S. economy. Last year, written premiums in all sectors totaled nearly $2 trillion and earned premiums totaled nearly $1.8 trillion, representing increases from 2014 of approximately 6 percent and 4 percent, respectively. These numbers represent over 7 percent of the U.S. gross domestic product.”If the positions of the insurance company are large enough, it could become a potential vehicle for transmitting distress at the company to other parts of the financial system,” Tarullo explained.He added that the Fed “should distinguish between insurance companies that we oversee solely because they own an insured depository institution and those that have been designated as systemically important by the FSOC. This is precisely the path we are taking with regard to our supervision of these firms.”Tarullo broke down the Fed’s role in regulating insurance companies in four ways:As was the case prior to the enactment of the Dodd-Frank Act, we are responsible for protecting the safety and soundness of federally insured depository institutions affiliated with any kind of holding company.The Dodd-Frank Act sharpened our statutory mandate to make clear that the Federal Reserve is to regulate and supervise holding companies with a view to the safety and soundness of not only the holding company itself, but also its functionally regulated subsidiaries, including affiliated insured depository institutions. Again, while the particulars differ, this mandate applies to SLHCs as well as to bank holding companies.The Dodd-Frank Act also changed our statutory mandate to require that we regulate holding companies so as to promote the stability of the financial system as a whole. This means paying attention to interconnections among financial firms, correlations of asset holdings, and other characteristics that could endanger the nation’s financial stability during periods of stress.For all the broadening of our statutory mandate, one feature of the financial regulatory system that the Dodd-Frank Act preserved was the functional regulation of holding company affiliates based on the kind of financial intermediation in which they are engaged.Tarullo noted that the Fed is also to develop a regulatory framework for its supervised insurance companies based on requirement from the Dodd-Frank Act that authorizes the Board to establish minimum capital requirements for both systemically important insurance companies and SLHCs and bank holding companies predominantly engaged in insurance activities.Systemically important insurance companies will have to establish enhanced standards in order to mitigate risks to U.S. financial stability that could arise from the material distress, failure, or ongoing activities of these companies, Tarullo stated.”The Board’s prudential regulatory objectives pertaining to supervised insurance companies are to protect the safety and soundness of the consolidated company, to protect any subsidiary depository institutions of the company, and to mitigate any threats to financial stability that might be posed by the activities, material financial distress, or failure of the company,” Tarullo said. “Just as we have done with other non-bank financial intermediaries for which we have been given regulatory responsibilities, we will fashion a regime that takes account of the particular characteristics and risks of those intermediaries.”He continued, “Our tentative conclusion is that a bifurcated approach to a capital regime for insurance companies makes sense in light of these considerations.” The Fed’s Plans for ‘Too Big to Fail’ Insurance Companies Share May 20, 2016 435 Views Federal Reserve Insurance Companies 2016-05-20 Staff Writer in Daily Dose, Government, Headlines, News
The European Commission said that economic growth in Cyprus is set to slow down to 2.5 per cent this year and 2.3 per cent in 2018, after it expanded 2.8 per cent in 2016.This year, consumer prices are expected to increase 1.2 per cent after dropping as much last year, while the 2017 inflation rate is expected to slow down to 1.1 per cent, the EU commission said in its spring economic forecast, published on Thursday.The unemployment rate is expected to drop from 13.1 per cent last year, to 11.7 per cent in 2017 and 10.8 per cent in 2018, it said.The Commission’s forecast is slightly more pessimistic compared to that of the finance ministry, included in its April stability programme. There, the government forecast a 2.9 per cent growth rate for both 2017 and 2018.The Commission said it expects the government to meet its fiscal target of generating a fiscal surplus of 0.2 per cent of economic output and overshoot its 2018 target by 0.3 percentage points, producing a surplus of 0.7 per cent.The commission expects the government to reduce the public debt, as a ratio of gross domestic product, to 103.4 per cent next year, compared to the finance ministry’s target of 104 per cent.In 2018, debt is expected to drop for the first time since the financial crisis below the 100 per cent mark, to 99.8 per cent, according to the Commission’s forecast, which is marginally higher compared to that of the finance ministry.The current account balance is forecast to expand to 5.9 per cent of economic output this year and 6.3 per cent in 2018, from 5.7 per cent last year, it said.You May LikeClassmates.comLook For Any High School Yearbook, It’s FreeClassmates.comUndoFigLeaf Beta AppHow to Become Fully Anonymous Online in Less Than 3 Minutes? Better safe than sorryFigLeaf Beta AppUndoTruthFinder People Search SubscriptionOne Thing All Liars Have in Common, Brace YourselfTruthFinder People Search SubscriptionUndo Concern over falling tourism numbersUndoAuthorities release five of 12 Israeli rape suspects, seven due in court FridayUndoPensioner dies after crash on Paphos-Polis roadUndoby Taboolaby Taboola
The Turkish Cypriot side said on Friday they would take retaliatory steps in consultation with Ankara over Cyprus’ gas pipeline deal signed with Egypt on Wednesday.According to Bayrak TV, the ‘foreign ministry’ in the north issued a statement saying “the agreement signed was a direct usurpation of the rights of the Turkish Cypriot people.”It added that retaliatory steps would be taken in consultation and cooperation with Turkey in the coming days.Claiming that the Greek Cypriot side’s move regarding the future of the region’s wealth was unlawful, it said: “The Greek Cypriot side does not have any authority to decide on the future of these resources that also belongs to the Turkish Cypriots. While all relevant sides have openly accepted the rights of the Turkish Cypriots over these resources, the unilateral decisions given by the Greek Cypriot side on when, how and via which channel the resources will be transferred to the global markets have no legal basis.”The statement also said such decisions poison relations between the two sides.“Without meeting or discussing the matter with the representatives of the Turkish Cypriot community, without seeking the consent of the Turkish Cypriot side, these steps, which are taken at a very critical juncture of the half-century long Cyprus negotiations process and its future, once more prove the Greek Cypriot leadership’s lack of political will for a comprehensive settlement on the island,” it added.The ‘foreign ministry’ also said the move was clear proof that the Greek Cypriot leadership, “which ignored repeated calls by the Turkish Cypriot side to act jointly on the issue of hydrocarbons, was not only against sharing power with Turkish Cypriots but the island’s wealth as well”.It added that steps would be taken soon in collaboration with Turkey.“We will not allow the rights of the Turkish Cypriots to be seized by anyone and we urge all relevant actors to stop,” it said.Egypt and Cyprus on Wednesday signed an agreement for the construction of an underwater pipeline to export natural gas to Egypt.The deal was signed at the presidential palace by Energy Minister Yiorgos Lakkotrypis and Egypt’s Oil Minister Tarek el-Molla.The agreement is meant to facilitate the mooted construction of a pipeline from Cyprus’ Aphrodite gas field — estimated to contain around 4.5 trillion cubic feet (130bn cubic meters) of gas — onto Egyptian shores and then to the LNG facility in Idku.It can also apply to other gas fields that may be discovered off the island in the future.You May LikeRich HousesShelter Dogs React To Getting AdoptedRich HousesUndoThis magazineFoods against bad breath which really workThis magazineUndoHabit TribeThe Strange Reason Parents Are Now Gluing Pennies To The Bottom of Kids ShoesHabit TribeUndo Romanian man missing from Paphos homeUndoMorphou bishop now claims gay men have a ‘nasty smell’UndoHouse rejects presidential veto over repossession lawUndoby Taboolaby Taboola
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From Here to Eternity: Traveling the World to Find the Good Death On a crisp fall day in Vienna, he was living with his grandmother in Moscow, stated last March that future CE candidates must “love China” and not confront the central government.575 plants that are native (9402), If there is a disruption [a sudden loss of confinement], Though she did not receive that exact epistle, he explained. poor governance and internal bickering. Mr Jonathan had debunked his assertion that the executive does not comply with the resolution of the law makers. The back and front accusation emerged at the one-day symposium organized to mark the nation’s Democracy Day leading to the exposure of the perceived hostility between the executive arm of government and the National President Goodluck Jonathan on Monday at the symposium had engaged the speaker of the House of Representatives Aminu Tambuwal in what could be considered a verbal battle in order to defend his most unpopular government policy as he used his response to the speaker’s allegation to convey some of the silent factors yet unnoticed in his policies The Speaker of the House had earlier at the symposium during a presentation indicted Mr President on laws passed to the executive for its assent “In as much as it is the constitutional role of the legislature to pass laws it is equally the constitutional responsibility of Mr President to assent to same; It is however disturbing to note that the Executive had shied away from its responsibility by not assenting to bills passed by the national assembly” the speaker said Mr Tambuwal claimed the presidents attitude towards legislation forwarded to him for his assent was responsible for a cold executive-legislature that dates back to the speaker’s controversial election last year The speaker also accused the executive arm under Mr Jonathan of seizing its powers to appropriate spending as guaranteed by the 1999 constitution This statement was said to have been targeted at Jonathan’s constant call the amendment of approved budgets “In the people’s wisdom as enunciated in the 1999 Constitution as amended the legislature has the final say on the budget document The National Assembly has acted responsibly and consciously in exercise of its power in the belief that the Executive will come to terms to fulfill their action before long” Mr Tambuwal said “The Executive arm is made up of only two elected functionaries to wit the President and the Vice President whereas the National Assembly is a body of 469 elected functionaries the adage that says two heads are better than one does not refute the one that says he who wears the shoes know better where it pinches and both favour the position of the elected representatives” he stressed Responding on behalf of the Executive Mr Jonathan said most of the bills passed by the National Assembly could not be signed because of the careful nature of the government to spend minimally as part of its cost cutting policy He further accused the lawmakers of creating different parastatals without putting into cognizance the running cost “Most of the bills passed by the National Assembly only adds to our overhead cost; We are in office because the people have elected us so if you come up with some parastatals the source of funding you don’t even know it becomes a problem” Jonathan affirmed Reacting to the budget issue the president argued that even though the National Assembly approves the budget he is responsible for its implementation “The Speaker also said budget is a law and the National Assembly makes the law But the constitution says the president has to plan and manage the economy of this country and for you to plan and manage the economy of a country budget must be planned if you send the budget to the National Assembly and they tear it into pieces and package whatever they like back to you is that planning or managing the economy, When the students got to the school with their parents.
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