4 May

Sri Lanka Navy Arrests 16 Indian Poachers

first_img View post tag: News by topic Back to overview,Home naval-today Sri Lanka Navy Arrests 16 Indian Poachers The poachers were conducting the illegal ops north-west of Kareitivu when they were apprehended on 29th September 2014.The fishermen were handed over to the officials of the Department of Fisheries and Aquatic Resources in Jaffna for legal action.[mappress]Press Release, September 30, 2014; Image: Sri Lanka Navy September 30, 2014 Authorities View post tag: Naval View post tag: 16 Sri Lanka Navy arrested 16 Indian fishermen along with 04 Indian fishing trawlers poaching in Sri Lankan waters. Sri Lanka Navy Arrests 16 Indian Poacherscenter_img View post tag: Indian View post tag: asia View post tag: Navy View post tag: Sri Lanka Navy View post tag: Poachers Share this article View post tag: Arrestslast_img read more

2 May

School Board Honors OCHS Girls’ Swim Team

first_imgThe Ocean City High School girls’ swimming team captured its second consecutive South Jersey title in February and was honored by the Board of Education on Wednesday. The Ocean City Board of Education took time before its regular meeting on Wednesday to honor the Ocean City High School girls’ swimming team.The Red Raiders had an extremely deep squad that dominated Cape-Atlantic League competition this winter and won its second consecutive South Jersey Public B title.The 200-yard freestyle relay team of Ryann Styer, Gabby Breazeale, Aly Chain and Amanda Nunan won a state title at the Meet of Champions in March — the first relay title in school history.A trio of national-caliber individuals — sophomore Nunan, junior Amber Glenn and freshman Maggie Wallace — swept the top three spots in the 500-yard freestyle, an unprecedented feat for one school in one event at the Meet of Champions.“Who does that?” Superintendent Kathleen Taylor asked, echoing a memorable quote from Wallace after the sweep at States.“Us,” Taylor said.last_img read more

21 Apr

In Brief

first_img– Trade and Industry Secretary Alan Johnson has announced the appointment of Paul Myners, chairman of the Guardian Media Group, as the new chair of the Low Pay Commission, which advises government on the National Minumum Wage.- Warburtons has reintroduced its 400g Hot Cross Bun Loaf for Easter, with a recommended retail price of £1.13. The packaging of the Hot Cross Bun Loaf has been updated to make it more visible on the shelves. – A new survey, ‘Consumer Satisfaction Index 2006’, by retail industry analyst Verdict Research, says Waitrose is the UK’s second favourite retail outlet, just behind its parent John Lewis. Waitrose is up from 20th place last year, benefiting from increasing consumer appreciation of healthy eating, says Verdict. It also scores higher than any other retailer on quality and wins top marks for store layout, with shoppers appreciating ease of navigation.- The Federation of Bakers has proposed targets for redu-cing sodium in bread, not salt. Targets are 0.6g sodium per 100g within 12 months. This will be reduced to 0.54g per 100g within two years, and to 0.5g per 100g by 2010.last_img read more

21 Apr

M&S first with half and half loaf

first_imgMarks and Spencer (M&S) has launched a “Half and Half Supersoft Loaf” which contains both sliced white and wholemeal bread.Claiming to be the first UK retailer to launch such a loaf, M&S said it contains equal numbers of white and wholemeal bread slices, and aims to cater for families’ different taste preferences. The resealable packaging is also designed to open at both ends.“The Half & Half loaf is also perfect for those who want wholemeal bread for their sandwiches during the week but white slices for the weekend bacon sarnie,” said M&S. “This is backed up by M&S data which shows that sales of white loaves increase significantly as the weekend approaches.”The loaf which went on sale last week, will be available in all stores nationwide at an introductory price of 99p, and will cost £1.50 after 5 October.last_img read more

20 Apr

Subway moves cookie production from US to Germany

first_imgSubway has moved the production of its cookies to Europe – the first time they have been produced out of the US – as it chases European expansion.The cookies will now be produced at a new 600sq m production facility, which has been added to Aryzta’s bakery in Gerolzhofen in central Germany, and will be distributed by European Independent Purchasing Company (EIPC) to more than 4,500 Subway stores across Europe.The bakery will produce more than 100 million Subway cookies a year including chocolate chip, raspberry cheesecake, oatmeal raisin and macadamia nut. These are bespoke to the Subway brand.The new bakery has been opened to meet growing demand for the Subway brand in Europe. A spokesman said: “The cookies were previously made by another supplier in America. To allow for a more efficient supply chain, EIPC has moved production of the cookies to Germany to supply stores in Europe.”This will reduce food miles, allow for a quicker response rate, and create a more flexible supply chain. Mike Attwood, purchasing director at EIPC, said: “We are delighted to have moved the production of the Subway brand’s famous cookies to Europe for the first time. We’ve been working towards this milestone for many months, as we continue to seek the most innovative and efficient procurement methods for Subway Franchisees across Europe, without comprising the quality or great taste that the brand is known for around the world.“The new bakery will be a huge asset to our supply chain, with faster response rates and reduced distribution times, enabling us to better serve the Franchisees. We completed a period of rigorous testing at the bakery, and production has now officially started. We hope the bakery will prove a great success and asset to EIPC’s management of the Subway brand’s supply chain in Europe.”last_img read more

2 Mar

Widespread Panic & Trey Anastasio Band To Headline SweetWater 420 Festival

first_imgAfter wrapping up a successful event in 2016 earlier this year, the folks at SweetWater 420 Festival have released some tidbits for their 2017 lineup. Taking place in Atlanta, GA’s Centennial Olympic Park from April 21-23, 2017, the festival will feature two nights of Widespread Panic as well as the Trey Anastasio Band as headliners.The full lineup announcement includes Slightly Stoopid, Trombone Shorty & Orleans Avenue, Dark Star Orchestra, Anders Osborne, Twiddle, Sister Sparrow & The Dirty Birds, The Hip Abduction and the promise of 45+ more artists to be announced soon! The inclusion of Panic is perhaps the most eye-opening, as the band has said numerous times that 2017 will be a lighter year for their touring schedule. It’s nice to see their name on this lineup.Check out the full poster with lineup information below, and head here for more information.last_img read more

1 Mar

Joy by the Yard

first_imgEnemy of diseaseThe presentation of honorary degrees includes short biographies read by Provost Alan Garber. Brief as they are, these often contain interesting notes about the recipients.During Morning Exercises, an honorary doctorate was given to Donald Hopkins, a graduate and onetime faculty member of the Harvard School of Public Health, and a giant in the fight against disease.Hopkins worked on the successful campaign to defeat smallpox. Most recently, he has fought guinea worm disease, also known as the “fiery serpent,” because the worm develops in the human body and emerges slowly, painfully.In the mid-1980s, the worm was widespread — 20 countries — and the disease afflicted 3.5 million people. Today, there are just 600 cases, and as Garber put it, “the end is in sight.”Garber also said that Hopkins has a reminder of his mission in a glass jar on his desk, a guinea worm named Henrietta.Oprah Winfrey pointed out a familiar face in the crowd as she and Harvard President Drew Faust waited for the Morning Exercises to get under way. Photo by Jon Chase/Harvard Staff PhotographerBrotherly putdownsThe speeches that sprinkle Commencement season offer plenty of opportunities to feed old college rivalries, and the conferring of honorary degrees isn’t any different.In describing the impressive body of scientific work that led to Massachusetts of Technology Professor JoAnne Stubbe’s honorary doctorate, Provost Alan M. Garber offered that she “scaled the heights of science, while toiling at a humble technical institute, perhaps best known for its proximity to Toscanini’s ice cream.”Next, Princeton.Discussing the work of religious scholar Elaine Pagels, who earned her doctorate at Harvard, Garber pointed out: “She is now the Harrington Spear Paine Foundation Professor of Religion at what is arguably America’s finest university, within a 20-mile radius of Exit 9 on the New Jersey Turnpike.”Dr. MeninoOne audience favorite on Thursday morning was Mayor Thomas M. Menino, who received an honorary doctorate after 20 years of service to Boston.Soundbytes: Conferring of honorary degreesMenino, who recently decided against seeking a sixth term, has a bachelor’s degree from the University of Massachusetts to go along with his honorary doctorate. In comments to reporters following Morning Exercises, he said that during the ceremony he was thinking back to how he used to fight with his dad about school.“My dad loved education,” he said. “When I was a young man, I fought with him every day. One day I said to my dad, ‘Harry Truman didn’t have a college degree and became president,’ and my dad says to me, ‘Times are different, you need a college degree.’“The first thing I did when I was elected to the City Council is I went back to college and got my degree at the University of Massachusetts for four years. I didn’t miss a class.”His advice for graduating seniors was simple: “hard work, be focused, have a plan.”“I never imagined this day would happen. I’m very humbled,” Menino said, adding: “Now you have to call me doctor.”Provost Alan Garber (seated, second from left) and President Drew Faust joined the recipients of Harvard honorary degrees for the traditional photo in front of Massachusetts Hall. Photo by Stephanie Mitchell/Harvard Staff PhotographerShared experienceBy tradition every Commencement Day afternoon, the oldest graduates of Harvard and Radcliffe colleges lead the alumni procession into Tercentenary Theatre. (It’s the annual meeting of the Harvard Alumni Association, headlined this year by speaker Oprah Winfrey.) In the lead was George Barner, Class of 1929, a retired lawyer who lives in Kennebunk, Maine.  He will be 105 this December — but is 24 days younger than the man who was behind him in the procession: Donald Brown, a retired archaeologist and professor of anthropology who at 104 represented the Class of 1930. Both men were in wheelchairs, but Brown’s son Christopher said his father was up to the walk this year — except he had caught a bug last week. Barner, who played tennis into his 90s, looked hale. “I’m happy to come in,” he said of the ceremony. “It’s probably the biggest day of my year.”Sitting next Brown was Lillian Sugarman ’37, the oldest Radcliffe grad present. Her name was Lillian Sher when she graduated with a degree in German literature, but it was only because she studied typing and stenography over two summers that she landed a postgraduate job. Sugarman married in 1939, she said, “and I’ve been loafing every since.” Sitting on her other side, grandson Peter S. Cahn ’96, RI ’09, had a good laugh at that idea. For one, Sugarman works out four times a week — a habit she acquired 50 years ago: “It wasn’t fashionable when I started out.”Harvard Yard “seems the same” as in her day, said Sugarman. And are the people at Harvard any different now? “They’re younger,” she said.Clarence Agress ’33 visited with his grandson-in-law, Jared Simon, who graduated from Harvard Business School in ’08, and his 1-year-old great-grandson, Louis Simon, before processing into Tercentenary Theatre for the Afternoon Program. Photo by Kris Snibbe/Harvard Staff PhotographerMaking their entrances“As soon as the 35th Class marches in, we will try to line up the president’s party,” said Fred Abernathy, Gordon McKay Professor of Mechanical Engineering and Abbott and James Lawrence Research Professor of Engineering, who each year takes up his post atop his traditional small podium, calling out facts and figures from the classes of days past and keeping the procession into the Old Yard moving, mostly smoothly. “Try,” added Abernathy, “is all we can do.”“I’ve got two fake hips and a fake knee,” explained one older woman with a laugh in the morning as she tried to get through the tight security check posted at the 1857 Gate without setting off an alarm. The kindly guard with a hand-held metal detector finally waved her through.“I’m not very nimble in this thing,” complained a tall, lanky senior to his friend as they ran through the Yard in the early morning, trying not to trip over their billowing black graduation robes.Walton: “We need you to lead us”The 362nd Commencement ceremony kicked off in the Memorial Church with the Senior Chapel Service, which included songs and a sermon from the Rev. Jonathan L. Walton, Plummer Professor of Christian Morals and Pusey Minister in the Memorial Church.As days of rain suddenly gave way to summertime sun and high temperatures, many members of the Class of 2013 took off their caps and gowns, gulped bottles of water, and fanned themselves with their programs as they tried to cool down.“We are willing to name an air conditioner after you,” joked Walton to open the service, suggesting that those who considered donating a large sum of money would be rewarded with cooler climes in the church — and a nameplate.Walton urged the graduating class to look with a sense of vision to the future and be ready to act, and not to merely stare blankly ahead at problems like economic and gender inequality, unequal access, and religious intolerance.“We need you, Class of 2013, to use your privilege and your power to help shift the cultural climate. We need you to be thermostats, not thermometers; we need you to dictate and determine culture, as opposed to just reading it and reflecting it.”Harvard College, he said, gave them an ability to re-envision the world and their role in it with a broad perspective, a sense of the potential obstacles ahead and ideas about ways to overcome them. “This is what having vision is all about, to see things not as they are, but according to their potential.”Walton called on the graduates to be visionaries, to take chances, to think outside the status quo, and to act as agents of change because, he said, “We need you to lead us.”Walton’s words struck a chord with senior Sophie Chang, a Quincy House resident and computer science concentrator who will work for Google after graduation:“I thought it was very inspirational. It really felt like I could use his message in the real world. I am really excited to graduate and put some of those words to practice.”Walton, who has a torn Achilles heel, didn’t let that slow him down. He gave his crutch to an assistant and limped with his walking boot to the front of the church, shaking hands and congratulating the graduates who gathered on its steps.Sofia Hou (left) and Janell Holloway await their degrees from Winthrop House. Photo by Stephanie Mitchell/Harvard Staff Photographer“Part of the carnival”As graduate students gathered on Quincy Street Thursday morning before processing into Harvard Yard, the hurry up and wait nature of Commencement gave them a chance to reflect on the path they’ve taken.J.Q. Liu, who is receiving a master’s degree in health policy from the Harvard School of Public Health, plans to return to his native China to a faculty position at Sun Yat-sen University.“I read many times about Harvard’s ceremony, and now it’s unbelievable to be a part of it,” Liu said. “We are part of the carnival.”The hope to see Oprah A small crowd of eager paparazzi gathered outside Massachusetts Hall mid-morning, their cameras clicking away in rapid fire. The reason was that Oprah Winfrey, the day’s official Commencement speaker, was posing for pictures with Harvard President Drew Faust, Provost Alan M. Garber, and the day’s eight other recipients of honorary degrees. One mother, who had been trying to track down her graduating son, temporarily gave up, happily settling instead for a picture of the media maven. “I knew that something important was going on,” said New York resident Rachelle Katz. “We couldn’t find our son, Adam, so we found Oprah instead. It’s almost as good,” she said with a laugh, “but not quite.”Putting on her top hatAs thousands gathered in the Old Yard readying for the procession into Tercentenary Theatre, one woman wearing a fascinator worthy of a royal wedding stood out. Linda Greenhouse, a Pulitzer Prize-winning reporter and a member of Harvard’s Board of Overseers, donned an impressive white lace top hat with an embellished veil as she waited to march with her Class of 1968 from Radcliffe.“I bought this hat in 1993 when I was the chief Commencement marshal at my 25th reunion” said Greenhouse. “There hadn’t been too many women who had been chief marshals, and I asked the [organizers], ‘What’s the dress code?’ They said for men it’s a top hat and tails, so I went out and I bought this for myself, and now I am an Overseer, and I wear it every year. It’s a lot of fun, I look forward to it, and I find it quite meaningful.”Remembrances, 50 years onBob Seaman and Brent Spears, graduates of the Class of 1963 and former Quincy House residents, reminisced about their Harvard days a half-century ago as they gathered with other class members in the Old Yard. When New Yorker Seaman was in high school, he was pondering where to attend when a fan of the University “persuaded me that Harvard was the place that I should go.” Seaman agreed, changed his concentration from engineering midway through his Harvard career, graduated with honors in general studies with a focus on history, and went on to become a lawyer. “I came here and I never regretted it,” he said. “I think the most important thing you can get out of college is inspiration to go on to do something else.”Spears recalled his time as a freshman in Massachusetts Hall, where the University’s administrative offices are as well, and his connection to Harvard’s 24th president, Nathan Pusey. “I was 17. I was a very callow youth,” said Spears. “When I walked to class, Nathan Pusey … would come toward me; we would have a brief conversation. He was a warm, gentle, humble man. Nathan Pusey brought Harvard down to human size for me at a time when I was feeling pretty overwhelmed.”Shalini Pammal ’13 (left) and Alexandra Marie Garcia ’13 share a hug.Photo by Jon Chase/Harvard Staff PhotographerService matters Police presence at Morning Exercises wasn’t just a matter of security. The sheriff of Middlesex County, as ever, called the meeting to order (at 9:49). A Boston police officer sang “The Star Spangled Banner” (very mightily and well). And a New York City officer — Jon Murad ’95, recipient this year of a mid-career master’s degree from the Kennedy School — delivered “In Praise of Clip-On Ties,” the Graduate English Address. “When you’re a cop, as I am, there’s definite value to breakaway neckwear,” he said. There are not many police officers out there with two Harvard degrees, said Murad. “That’s not a boast. It’s a lament.” More Harvard graduates should go into public service, he said — and join him in defying the advice John Adams (Class of 1755) gave his own son, John Quincy Adams (Class of 1787): Get to the top. (Both became president of the United States — the second and the sixth.) “Success doesn’t mean rising to the top,” said Murad, who thinks his next beat will be in the Bronx. “It means changing the world.” He finished: “Let us go forth, and serve as we can.” Murad got the only standing ovation of the morning.Soundbytes: Graduate English address (Jon Murad ’95)A moment to rememberHarvard President Drew Faust opened the Commencement ceremonies with a reminder of recent tragedies, asking for a moment of silence to honor the victims of the Boston Marathon bombings six weeks earlier and of the Oklahoma tornadoes just a week ago.A lone bagpiper stood alert at Eliot House on Commencement morning. Photo by Rose Lincoln/Harvard Staff PhotographerWatching the clock Felix de Rosen ’13, a government concentrator who traveled to Iran, Afghanistan, India, and Cape Verde during his years at Harvard, delivered the Senior English Address, “Listening to Time.”  It was in homage to the late Charles A. Ditmas Jr., once keeper of the clocks at Harvard College. (Tool bag in hand, he would whisper to some of the older clocks: “How are you feeling today?”) De Rosen’s address also inspired some record keeping of the clockwise sort: exactly when degrees were conferred. In case present graduates (or future generations) are consumed with wonder, here is the breakdown, each clocked at the moment President Drew Faust said “I confer upon you …”: From the Graduate School of Arts and Sciences Ph.D degrees were conferred at 10:24 a.m., and master’s degrees of arts and science exactly two minutes later. Degrees related to the School of Engineering of Applied Sciences: 10:27. The three degrees conferred on graduates of University extension came in at 10:29, dental degrees at 10:33, medical degrees a minute later. Degrees in divinity were conferred at 10:36; those in law at 10:38. Degree candidates from the Business School stepped over the line and became degree holders at a business-like 10:40, with design degrees just behind, clocking in at the same hour and minute. Degrees in education: 10:43 a.m. (give that teacher an apple), and public health degrees two minutes later. Next, degrees from the Kennedy School: 10:46. And then, the finale (if noise and tumult is any sign), degrees were conferred at Harvard College at 10:52. Some time later, at 11:26 a.m., came the official moment of conferral for those honorary degrees: nine stories of the great and influential that deserve more time.Soundbytes: Senior English address (Felix de Rosen ’13)Wisdom and dreams As graduating seniors waited beneath a tent alongside friends and family, Winthrop House co-master Ronald Sullivan Jr., clinical professor of law at Harvard Law School and director of the Harvard Criminal Justice Institute, offered some final words of guidance. As the Class of 2013 left campus, Sullivan said, he hoped they would remember to dream big, and to persevere in the face of challenges.Quoting theologian and former president of Morehouse College Benjamin E. Mays, Sullivan told students, “It is a calamity not to dream. Not failure, but low aim, is a sin.” The Winthrop House master closed by reminding graduates to “always, always, always reach for the stars.”Over at the Law School, graduate Jeffrey Dawidowicz sat with his parents, his wife, Devorah, and his mother-in-law, watching other members of the class accept their diplomas.“I’m looking forward to new things,” he said, and glancing up at the sunlight that filtered down through a canopy of trees. “Passing the bar, my wife and I are expecting our first child, and I’m starting work in New York City.”— Jennifer DoodyGraduate Andreas Haggerty poses with his family. Photo by Stephanie Mitchell/Harvard Staff PhotographerLeaving — perhaps not for longFor a group of students from the Graduate School of Education (GSE), Commencement Day meant mixed feelings, with happiness about achieving a long-sought goal and sadness about leaving a place and people who’ve meant so much to them.Danielle Hayden, who is bound for Seattle and a July wedding, is also still searching for a job.“It’s the culmination of all our hard work and dedication, but also bittersweet because we’re leaving behind friends and wonderful faculty,” said Hayden, who was waiting on Quincy Street with three other GSE students, Hui Cheng, Yixin Tan, and Yuchen Shi, for the procession into the Yard to begin.Cheng, who plans to stay in the Boston area, said that her farewells to Harvard on Thursday may not be forever. “I’m hoping to do a doctorate in a few years, so I’ll be back,” Cheng said.“Excited, crazy, sleep-deprived”Katherine Lim, a Cabot House senior, responded with some word association when asked how she was feeling on Commencement morning: “excited, crazy, sleep-deprived, very happy.”Lim, who took a semester off and so will return in the fall to complete her degree, said she’s still trying to work out her feelings, knowing that she’ll return in the fall without the friends with whom she has spent the past four years. She also admitted to being tired after not sleeping much the night before Commencement, on top of a senior week full of activities.“I couldn’t fall asleep, because of anticipation and excitement,” Lim said, “but I’m feeling awake.”Cool pursuitsAt Morning Exercise, chairs in Tercentenary Theatre were scattered with Harvard print publications — very handy for fanning yourself. Guests and graduates assigned to the shade of trees were the lucky ones. One line of chairs away, out of shadows and into the glare, the sun cut in like a knife. (Section D-3: shady. B-5: a griddle. Degree candidates in medicine: cool. Candidates in education: hot.) Hint for the next time: Large-format publications also make good hats, perched like pup tents on blazing domes. But one gentleman, with great foresight, sat on the grassy knoll by the steps to Houghton Library, looking cool and collected under a big umbrella. Next to him, in the full sun, a young girl swept the air for a bug. Swing and a miss.last_img read more

30 Dec

Ski the Conditions You Have

first_imgA few months ago I splurged on a ski cabin to take my winter-loving boy to the slopes. His favorite season is winter (admittedly sometimes I look at him and wonder if he’s really my son, as my attitude tends to surviving more than enjoying the colder months). Southern Appalachia’s fickle weather makes it impossible to predict whether a day in February will be in the twenties or sixties.Nevertheless, I took a gamble and made plans for a snowy long weekend. We’d hone his turns on the blue trails and in the evenings we’d ice skate or hit the tubing hill. Plenty of hot chocolate breaks would warm him up and then there’d be the fireplace and hot tub back at the cabin to unwind after a cold day outside.The forecast didn’t corporate. Temperatures hovered around forty with a hundred percent rain. Some friends canceled, others decided to stay in the cabin and save skiing for better weather.My son wouldn’t hear of not skiing. He’d been counting down the days until we headed to the slopes. I forced a smile and packed rain jackets and pants to wear over our thermals.We purchased our lift tickets and patches of mud greeted us as we stepped into our skis. The lift lines non-existent, we shuffled right to the front and lowered the bar. We ascended into the fog as rain beaded up on our clothes.The rain had washed away the snow and in breaks in the fog, we played I Spy , pointing out Mardi Gras beads, stray gloves and a tree tenacious enough to grow out of rock.That day we had the mountain all to ourselves. My son pointed his skis toward the barest patches of earth or the longest stretches of ice and skied right over them, laughing. I imagined that he was triumphant, that despite the weather he was enjoying himself. His example of squaring up and skiing right over unpleasant conditions made me realize that he was improving his skiing by getting comfortable dealing with ice and mud.I was reminded of a lesson I learned not skiing, but sailing. When the wind was too strong or nonexistent, when the wind blew in the exact opposite direction I wanted to go, I would repeat the age-old saying.Sail the winds you have.We could no more wait for better snow than we could have waited for the perfect amount of wind blowing in the right direction.So when it’s too hot or too cold, too wet or too dry, I’ll resolve to make the best of it.last_img read more

20 Dec

Clinton Announces More U.S. Aid for Central America, but Asks for Commitment

first_imgBy Dialogo June 24, 2011 U.S. Secretary of State Hillary Clinton announced in Guatemala on 22 June that the United States has increased its crime-fighting cooperation in Central America to 300 million dollars this year, 40 million more than in 2010, but she also asked for greater commitment from the countries in the region. While you take up your responsibility, we will take up ours, the chief U.S. diplomat said in her speech at the conference organized by Central American countries to present a new security plan to cooperating nations and organizations. Faced with rising levels of crime and drug trafficking in Central America, “we will respond with almost 300 million dollars this year, backed up by an action plan that is focused on high-impact investments,” Clinton said. The new amount is an increase of 40 million dollars over the 260 million dollars that the United States had previously committed to the isthmus this year through the Central American Regional Security Initiative (CARSI), in what is the world’s most violent region outside of war zones, according to the UN. “We see this (aid) not just as an obligation, but as a mutual responsibility,” she said. Clinton affirmed that her country, the chief consumer of drugs and the source of trafficked arms that feed organized crime, understands that it should do its part, but the countries of the region, with weak institutions and low levels of tax collection, need to make a greater effort, she said. Political will is indispensable for rooting out corruption and ensuring effective and accountable institutions, Clinton said at the meeting, in which the seven Central American heads of government, the heads of government of Mexico and Colombia, the Spanish foreign minister, and several international organizations participated. U.S. resources will be dedicated chiefly to training and providing technology to police officers, training judges and prosecutors, programs to collaborate on fiscal reform, and protection of the most vulnerable populations, Clinton said. The United States will also support programs to “keep young people away from criminal activity” and hopes that the Central American private sector will collaborate with these initiatives, she emphasized. To demonstrate Washington’s commitment to the region, Clinton announced that her country will request observer status with the Central American Integration System (SICA).last_img read more

18 Dec

CFO Focus: Longer deposits and rising rates

first_img 5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr When the marketplace anticipates higher interest rates, it can become increasingly difficult to get members to accept longer-term deposit accounts. At the exact same time, credit unions may be looking for ways to encourage more depositors to lock in for longer terms. One way to encourage depositors is to  give them a rate change feature in their account.Bankrate.com recommends that “investors who may be paralyzed by anticipation of higher rates might want to consider CDs that offer a rate increase as market rates rise. Known by such names as ‘bump-up,’ ‘step-up’ and ‘raise-your-rate,’ these types of CDs are designed for investors who want to capture the additional yield. That advantage comes at a price, however. Rising-rate CDs tend to start out with lower initial rates and the increase might not be guaranteed, especially if market rates don’t rise or the CD is callable, which means the issuer can cancel it before its maturity and return your money to you … CDs with rising-rate features can be complex. Make sure you read and understand the rules before you invest.”We have observed that adding options on time deposits has proved in the past to make time deposits more attractive to depositors. These options are often reserved for medium- to longer-term certificates.In October 2015 RateWatch released Preparing for a Rising Rate Environment: The Landscape Transformed based on 765 responses from U.S. financial institutions. Of the respondents that said they were developing additional products, 10.95 percent reported that they were developing a “step-up CD.” continue reading »last_img read more