Category: tzuqtvfn

South Asia Initiative

first_imgSince its inception in 2003, the South Asia Initiative (SAI) continues the long tradition of collaboration between Harvard and South Asia’s nations. Learning from South Asia and contributing to its development have become vital given the salience of the region in contemporary times. Under the leadership of Tarun Khanna, faculty director of SAI and Jorge Paulo Lemann Professor at the Harvard Business School, SAI has forged links and synergies across Harvard’s Schools and within South Asia, creating a nexus for interdisciplinary scholarship with shared aspirations to build the leading center of expertise on South Asia.This year, SAI has hosted a robust seminar series focusing on themes of social enterprise, urbanization, water, Pakistan, and climate change. Additionally, the Future of South Asia symposium engaged Harvard faculty, area experts, and government officials in discussions of energy and environment, architecture, health, governance, and water issues. SAI’s Mumbai, India, office plays a crucial role in supporting Harvard faculty and students in research, teaching, and field experience. This summer, aided by SAI, 24 undergraduates, 28 graduate students, and three faculty members have been funded to travel to all corners of South Asia to conduct research, perform fieldwork, participate in internships, and pursue South Asian language study.For more information about SAI.last_img read more

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Professionals earn master’s degree from Champlain College

first_imgProfessionals earn master’s degree from Champlain College BURLINGTON, Vt.–Twelve area professionals were among the graduates of Champlain Colleges online masters program in Managing Innovation and Information Technology in May. The area graduates were: Chad Berry of Burlington, Vt., a real estate paralegal with Wiener & Gale, PC in Burlington; Scott Eagle of Montgomery Center, Vt., the media coordinator for the office of Congressman Bernie Sanders; Jill Erwin of Waterbury Center, Vt., a network support specialist for Green Mountain Power; Sean Fairhurst of Burlington, Vt., a GIS applications developer for Fairhurst Professional Services, LLC; Elisabeth McCarthy of Shelburne, Vt., the catering manager with Sodexho Campus Services at the University of Vermont; Mahendar Narayan of South Burlington, Vt., a senior systems architect for Green Mountain Power; Danielle Ouellette of Bridport, Vt., an inventory specialist with Agri-Mark/Cabot; Michael Poczobut of Barre, Vt., a software engineer for IDX Systems Corp.; Gavin Schmidt of Burlington, Vt., director of technology at Shark Communications; Shubhashree Thekahally of South Burlington, Vt., a software engineering professor at Champlain College; and Julia Vaughn of Shelburne, Vt., the director of client services for Terry’s Tips. These professionals graduated from a business and technology program that is delivered completely online in a highly interactive, yet virtual environment. Taking as few as 18 months to complete, the program consists of small, instructor-led courses accessed via the Internet and it delivers a unique blend of business and information technology know how to position graduates to better manage technology use in their companies. http://www.champlain.edu/masters(link is external) # # #last_img read more

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Vermont Yankee back in service following refueling, maintenance

first_imgVermont Yankee. 11.3.2011 Northstar Vermont Yankee,The Vermont Yankee nuclear power plant in Vernon is back on line after completing its twenty-ninth refueling and maintenance outage. Control room operators returned the plant to service on Tuesday, November 2 at 11:52 pm. Operators will gradually raise the plant’s output to full power over the next few days.       Entergy Nuclear Site Vice President Mike Colomb said the successful outage was due to the excellent craftsmanship and safety focus of all the workers. More than 850 craft workers supplemented the Vermont Yankee staff for the 25 day, round-the-clock outage work.The work scope during the outage involved replacing approximately one third of the fuel assemblies in the reactor and maintenance activities, tests and inspections on plant equipment which runs throughout the operating cycle.Refueling and maintenance outages are scheduled every 18 months and the influx of outage workers represents a major economic benefit to the area.Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity and delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $11 billion and approximately 15,000 employees. last_img read more

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BP boosts stake in solar developer Lightsource

first_img FacebookTwitterLinkedInEmailPrint分享The Guardian:BP has increased its stake in the British solar venture Lightsource BP, as it prepares to strike a deal to power its offices with renewable energy from next year. The companies announced plans to set up a 50:50 joint venture almost two years after BP made its return to the solar market by snapping up a 43% stake in Lightsource for £200m.BP will increase its stake in the company by buying new shares for an undisclosed price to help accelerate Lightsource BP’s solar power targets. It had hoped to grow its portfolio to 6GW of capacity by 2023 but plans to reach 10GW over the same timescale.BP has used the UK solar startup to re-establish a presence in the solar sector after it backed out of the market in 2011. It plans to use more solar power in its own offices too.Nick Boyle, the group chief executive of Lightsource BP, said: “Two years ago, we were in four countries and we’re now in 13. We had a global pipeline of 1.6GW and today it’s over 12GW. It’s that sort of additional momentum which has been facilitated [by BP].” [Jillian Ambrose]More: BP boosts stake in solar firm amid clean energy plan for its offices BP boosts stake in solar developer Lightsourcelast_img read more

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Guatemalan President Proposes Reforms to Combat Corruption

first_img On March 12, Guatemalan President Otto Pérez proposed a package of eleven laws directed toward tightening controls on the handling of public funds and combating various forms of corruption, such as smuggling. “It’s a package of laws directed toward strengthening the institutional position (of the state), transparency, and the quality of public spending,” the president stated upon arriving at the seat of Congress together with Finance Minister Pavel Centeno. The president explained that the proposal is the second phase of the so-called Fiscal Pact, one of his chief campaign promises. The package consists in the modification of seven existing laws and the creation of four others, focused on improving the monitoring of public funds, for which purpose basic guidelines are given about how to handle them. The first phase, called Tax Updating, was passed by Congress on February 16 and seeks to increase tax collections by around 585 million dollars over the next four years. The new presidential proposal includes reforms to a series of laws related to the budget, the integrity of public officials, illicit enrichment, state purchases and contracts, and auditing activities, among others. looking for a good President, and especially on legalization of Medicine of plants, coca, opium, plants of God give us for personal possession, and with taxes. By Dialogo March 14, 2012last_img read more

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A better credit union for the digital economy

first_imgAn honest conversation at the very top of your organization is required. And the most important question you should be prepared to answers is, “How do we survive?” Will your “frontline” be redefined as members further leverage non-traditional channels? 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Bryan Clagett Bryan is on the executive team and singularly focused on driving revenue growth through a variety of new initiatives that help financial services and fintech become ever more relevant to … Web: https://www.strategycorps.com Details Your people are your greatest asset. But, in order to leverage your people, you better have a well-oiled team that thrives in collaboration and the changing environment all of us in financial services face. The very dynamics between the Board and the executive team will very much be put to the test in our digital world. At no time in the history of the credit union movement, will this dynamic be so tested. What impact will automation have on the needs of your members and member households? Where do you start?Here are some questions you should address in your strategic plan: There’s no avoiding it – the digital economy is here. You simply can’t have a strategic plan that excludes the opportunities and risks associated with the digital world we now live in. You must embrace realities that doing business “as usual” is not a plan that will sustain you. Your world is being rocked. Most of you recognize the need to evolve as culture shifts, the population ages and younger demographics seek new banking alternatives. Your very relevance is at stake. You’re starting to deploy new channels that better meet the needs of your markets. What infrastructure will define our credit union experience?center_img What does a “cooperative” look like in the digital economy? In a digital economy, how does your credit union define its value proposition? What new skills does your frontline team need to have to remain relevant? What impact will the Gig Economy have on you as ‘employment’ is redefined? But then again, so is your competition; be it the big banks, the bank or credit union down the road or the new fintech and neo bank. Members now have more choices, even while the number of financial institutions shrink and branch footprints are reduced. “Banking” is being refined by market dynamics. Does your team and Board reflect your membership and emerging market? But you have a secret weapon already deployed.last_img read more

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Vehicle sales down in April, downward trend expected to continue

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Total vehicle sales decreased to a rate of 16.4 million annualized units in April. NAFCU Research Assistant Dhruv Singh expects the decline to continue in coming months.“Automobile sales in April softened, failing to build upon a strong March,” said Singh in a NAFCU Macro Data Flash report. “Lower tax refunds, reduced affordability, and consumer preferences for used vehicles are weighing on sales, which sunk to their lowest level since October 2014. Layoffs in the automotive industry are on the rise as carmakers adjust production levels.“Consumers are still in a good position with fairly low debt levels and rising real wages, and the Fed is playing its part in backing off of plans for more rate hikes. But the headwinds are prevailing, and NAFCU expects a modest decline in sales volume this year,” Singh added.Car sales decreased from 5.2 million annualized units to 4.9 million annualized units during the month. Meanwhile, sales of light trucks dropped from 12.2 million annualized units to 11.5 million annualized units.last_img read more

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NAFCU gets insights into fintech, payment innovations at WHF event

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr NAFCU’s Senior Regulatory Compliance Counsel Jennifer Aguilar Tuesday attended a Women in Housing and Finance (WHF) event focused on payment innovations. NAFCU remains committed to ensuring a level playing field for credit unions and continues to monitor the financial services landscape for potential changes that could impact the industry.The association also has also published whitepapers on fintech and data privacy, seeking to empower credit unions with the tools to better serve their communities, while ensuring proper congressional and regulatory oversight.Additionally, Aguilar and members of NAFCU’s Regulatory Affairs team previously met with CFPB Office of Innovation Director Paul Watkins and other bureau staff to discuss the bureau’s trial disclosure policy and compliance assistance sandbox, which intend to promote innovation and facilitate compliance at financial institutions.During Tuesday’s lunch, attendees discussed new survey research from the Pew Charitable Trusts about consumer’s understanding of and trust in mobile payments and how this influences whether they use new fintech solutions. Other topics of discussion included consumer experience with dispute resolution, the prepaid account rule’s impact on mobile payments, improving consumer education surrounding mobile payments and the forthcoming FedNow service. continue reading »last_img read more

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Trump sell-off shows fear governments can’t save markets

first_imgTopics : Even a coordinated response of fiscal and monetary initiatives appears not to impress traders, at least when it’s in a single country. The Bank of England cut interest rates by half a point on Wednesday, when the UK government also pledged a 30 billion pound ($39 billion) emergency boost to spending. The FTSE 100, which had started the session up as much as 2.2 percent, ended the day 1.6 percent lower.Read also: Indonesia set to delay import duties, corporate income tax payments to cope with virus effectsBritain’s continental neighbors have also made a show of a united fiscal-monetary front, at least when it comes to communication. Some 27 European Union leaders held a video conference to coordinate action with European Central Bank President Christine Lagarde earlier this week. But German Chancellor Angela Merkel’s Wednesday pledge to do “whatever is required” to limit the impact of the coronavirus on Europe’s biggest economy failed to prevent another drop in regional stocks.The echo of the “whatever it takes” pledge from the European Central Bank in 2012 – which helped put a floor under the euro crisis – hasn’t been matched by a large-scale fiscal package. Next up is the ECB meeting Thursday, where economists anticipate a rate cut along with other measures.One market where authorities are proving purposefully unhelpful is oil. With Saudi Arabia and Russia battling for market share, that’s provided a double whammy, alongside the hit due to sliding demand as global growth decelerates.West Texas Intermediate crude has tumbled by roughly half from the high in January.Read also: In Singapore’s neighbor Batam, malls empty, ferry trips reduced as virus fears lurkTrump’s actions might not have forestalled a bear market for US stocks, but in another market things have moved in a more favorable direction. The dollar, which Trump has long said was strong and hurting US competitiveness, is on the retreat – at least against the euro and yen. Losses for emerging-market currencies make the dollar index a more equivocal play.The asset that for the moment stands out as potentially less responsive to fear and panic is gold. The traditional haven asset climbed as the coronavirus spread around the world, but it’s come off of the high it reached Monday. Read also: In dramatic step, Trump restricts travel from Europe to US to fight coronavirus“The central bank ‘put’ has established a floor under risk assets for the past decade. This is the first time that markets are seriously questioning whether it will work again,” Jason Daw, a strategist at Societe Generale SA in Singapore, wrote in a note Thursday. “While fiscal policy is better medicine than monetary, neither are properly equipped to mitigate the coronavirus-induced growth shock.”Error-laden announcements added to Thursday’s tumult. Trump’s initial comments suggested restrictions both travel and trade from Europe, while subsequent clarifications emphasized it applied just to people. Even then, the news underscores how steps to slow the spread of the disease unavoidably also hammer businesses, and so corporate earnings and stock-market valuations.Trump spoke little more than an hour after his Australian counterpart, whose own announcements similarly failed to do the trick for equity investors. Prime Minister Scott Morrison formally announced nearly A$18 billion (US$11.6 billion) in stimulus. The S&P/ASX 200 Index, which had opened in the red, saw losses more than double at one point, to almost 8 percent.center_img For weeks, investors have been pleading for governments to shore up a global economy ravaged by the coronavirus. But after the biggest wave of stimulus announcements since the outbreak began, fear is mounting the efforts might not provide the salvation markets are looking for.Emergency measures in the U.K, Italy and Australia, along with a commitment from Germany’s Angela Merkel to do “whatever is necessary,” were met with fresh waves of selling in stocks, putting the MSCI All-Country World Index on the brink of a bear market. The gloom veered toward panic after President Donald Trump announced an underwhelming set of US support measures and restricted travel from Europe. S&P 500 futures tumbled as much as 4.9 percent and contracts on the Euro Stoxx 50 over 8 percent.While government stimulus helped bring an end to the global recession triggered by the financial crisis, investors are increasingly skeptical whether policy makers can forestall a virus-induced downturn. Fiscal and monetary measures may only help with the knock-on effects of the epidemic’s widespread shutdown of economic activity, leaving investors little option but to await the subsiding of the virus itself.last_img read more

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Australia’s COVID-19 cases hit 8-day high, restrictions may linger

first_imgAustralia on Thursday reported the biggest one-day rise in COVID-19 cases in more than a week, denting optimism that a stringent lockdown of its second-largest city will soon be lifted.Authorities said 127 cases of COVID-19 have been detected in the past 24 hours, up on the 109 cases recorded on Wednesday and the biggest one-day jump since Aug 28.The bulk of the cases were detected in Victoria state which reported 113 new cases in the past 24 hours, despite the state capital, Melbourne, nearing the end of a six-week lockdown. Queensland state accounted for the remaining two cases.Australia has now recorded more than 26,000 COVID-19 cases, while the death toll rose to 678 after a further 15 people in Victoria died.Although strict restrictions have helped to prevent the spread of the virus beyond Victoria, they have wreaked havoc on the economy, with official data on Wednesday showing Australia had entered its first recession in three decades.  Topics :center_img As result, state authorities said Australia’s second-largest city – home to 5 million people – may have to continue with restrictions beyond the planned Sept 13 end date.”I can’t rule out that we have to continue [with some] rules. I simply can’t,” state Premier Daniel Andrews told reporters in Melbourne.Victoria in August imposed a nightly curfew, tightened restrictions on people’s movement and ordered large parts of the local economy to close to slow the spread of the novel coronavirus.New South Wales, Australia’s most populous state, reported 12 cases, a day after it posted its biggest one-day spike in new infections for two weeks.last_img read more

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