17 Dec

Delay of fiduciary rule official, now effective July 1, 2019

first_img The Department of Labor (DOL) announced Monday its fiduciary rule will be delayed 18 months, making its effective date July 1, 2019. CUNA strongly supported this delay, noting in communications with DOL that at least a 180-day delay would be necessary for credit unions to come into compliance.The rule would expand who is considered a “fiduciary” of an employee benefit plan. CUNA expressed several concerns about compliance challenges with the rule, and supports additional research efforts into whether the rule may limit choices for moderate and low-income borrowers.According to the DOL, the delay gives it time to review comments received on the fiduciary rule, including “whether possible changes and alternatives to exemptions would be appropriate in light of the current comment record and potential input from, and action by the Securities and Exchange Commission, state insurance commissioners and other regulators.” 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »center_img US Department of Laborlast_img read more

20 Nov

Covid: Ends of the earth love story that defied pandemic

first_imgA man is moving across the world to live with someone he hasn’t seen in nearly a decade.Rosanna Wilson and Andrew Monck first met in 2011, but have got in contact again during the pandemic.- Advertisement – Andrew lives in Australia, but after being granted an exemption to leave the country permanently, is travelling more than 9,300 miles (15,000km) to join Rosanna in Devon. – Advertisement –last_img

6 Oct

Tropical glass house combines location with eco-friendly features

first_img12 Wongaree Way, Currumbin Valley is on the market for $1.5 million.FORGET the saying about living in glass houses — with this hidden gem built of recycled timber and located in an award-winning ecovillage, the only criticism you might face is from your bank balance.The property is called Hideaway Point and lives up to its name; you travel past tumbling creeks and a woodland forest before reaching the transparent walls of this stunning home. Currumbin Eco Village has accumulated 33 awards.Currumbin Ecovillage boasts 33 environmental accolades, including the title of World Best Environmental Development in 2008. The village offers communal facilities including a pool, oval, library, playground, gym, community hall, cafe and recycling centre. Hideaway Point in Currumbin Valley.Bright green tangles of foliage brush up against the floor-to-ceiling windows of rooms including a bathroom and a living room, while the glass on the other side of the house frames wide vistas of Currumbin Valley.Cypress timber floors are used to span the main living area of the house, and the rest has been hand crafted and designed using raw and recycled materials. More from news02:37International architect Desmond Brooks selling luxury beach villa19 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago The trees offer natural privacy. Raw and recycled timber has been used at the property. The property sits on a 6909sq m parcel of land. Imagine waking up to this view.Elsewhere, four-metre high ceilings soar over a seamless designer kitchen while a wrap around timber balcony beckons to be relaxed upon. There’s also a second residence — a studio — on the property, and an array of fruit and nut trees, vegetable garden and vertical herb garden. In keeping with its location in the Currumbin Ecovillage, the property features solar panels and water storage. last_img read more

29 Sep

Latvian first-half pension returns positive despite second-quarter downturn

first_imgThe overall investment asset breakdown reflected nervousness in the bond markets, and while the funds did not hold Greek securities, events in Greece inevitably dragged down value.The share of bonds and bond funds fell to 54%, from 60% in the first quarter, while the bank deposit share grew by 2 percentage points to 5% and that of cash by 3 percentage points to 8%. The share of equity and equity funds remained unchanged at 30%.Geographically, Latvian markets accounted for the biggest share of investments at 39%, followed by eastern and central Europe (18%), the rest of Europe (17%) and global/international markets (14%).The trend was somewhat different for the 14 open-ended and one closed-end third-pillar funds.Here, year-to-date returns as of end-June 2015 averaged 3.74%. The balanced plans, which have close to 70% of their assets in bonds and bond funds, generated 2.57% and the active ones, with around 40% of their investments in equities and equity funds, returned 5.44%.However, while one-year returns from the balanced funds fell to 4.31%, from 5.41% a year earlier, those of the active funds rose from 7.90% to 8.32%.The third-pillar funds were more geographically diversified than their second-pillar counterparts, with only 33% invested in Latvia and 11% in east and central Europe. The rest of Europe accounted for 25% of asset allocation, and global markets 16%. They also had a higher exposure in North America (7%) and Asia (3%).The third pillar recorded a much faster growth than the second pillar over the previous year, with assets increasing by 21.7% to €306m, and membership by 7.9% to 244,438. Despite a difficult second quarter, Latvia’s mandatory second-pillar pension funds delivered positive returns for the first half of 2015 according to the Association of Latvian Commercial Banks.Year-to-date returns for the sector averaged 2.71%, with the highest yield (3.50%) generated by the eight active (equity-weighted) plans. Returns for the four balanced funds averaged 2.31%, and those of the eight conservative plans 0.89%.Average one-year returns fell to 4.8%, around half that generated three months earlier. The active plans yielded 5.6%, balanced funds 4.3% and conservative plans 2.8%. The respective returns for the end of the first quarter of 2014 were 11.0%, 9.2% and 5.9%.Assets increased by €180m since the start of the year, of which €53m came from investments returns. Assets totalled €2.2bn, a year-on-year growth of 18.2%, while membership declined marginally to 1.24m.last_img read more

28 Sep

Shelby Secures Potential Funding for Mobile Harbor Improvements

first_imgAlabama Senator Richard Shelby yesterday voted to approve the first of two comprehensive appropriations packages that together contain all 12 Fiscal Year 2020 (FY2020) appropriations measures, H.R. 1865.  The legislation, which passed the Senate by a vote of 71-23, contains funding for various Alabama priorities.“Completing the Fiscal Year 2020 appropriations process is good news for the nation and Alabama,” said Senator Shelby. “From investing in our state’s infrastructure and supporting agricultural development to funding groundbreaking medical research, this package addresses many important priorities. I am proud of this bipartisan agreement and look forward to witnessing the positive impact this funding will have in my home state.” H.R. 1865 contains the following provisions impacting Alabama:Corps of Engineers:$378 million recommended in the Construction account for a Regional Dredge Demonstration Program in the central Gulf of Mexico. Mobile Harbor would be eligible for these additional funds.Includes a new regional dredge demonstration program for the Central Gulf Coast which will explore innovative ways of executing dredging in a logical and sequenced manner to seek efficiencies, cost savings, and minimize disruptions to critical construction and maintenance dredging requirements across the nation;$50 million above the budget request in the Operation and Maintenance account for Donor and Energy Transfer Ports. Funds will benefit Mobile Harbor;$10.975 million for Coastal Inlets Research Program in the Operation and Maintenance account and report language recommending additional funding to establish a multi-university-led effort for connecting terrestrial and coastal models and to continue work with the National Oceanic and Atmospheric Administration’s National Water Center in Tuscaloosa on protecting the nation’s water resources;Includes $16 million for Aquatic Nuisance Control Research in the Operation and Maintenance account for research and development related to harmful algal blooms.last_img read more

25 Sep

Islamic State claims deadly attack in Mali

first_imgThe authorities first reported theattack in Indelimane, Menaka region, on Friday, but gave a lower provisionaldeath toll. Malian soldiers on parade in Bamako last year. At least 53 soldiers and one civilian were recently killed in an attack on an army post in northern Mali, according to the government. GETTY IMAGES/THE NEW YORK TIMES BAMAKO – At least 53 soldiers and onecivilian were killed in an attack on an army post in northern Mali, thegovernment said. The militant group has posted dozensof claims for the attacks in several countries since the United States specialforces killed its previous leader Abu Bakr al-Baghdadi last weekend.center_img Islamic State claimed responsibilityfor the attack on Saturday, without providing evidence. Thirty-eight Malian soldiers were alsokilled on Sept. 30 in coordinated attacks on two army bases in central Mali,which has slipped from government control despite the presence of the Frencharmy and other international forces.(Reuters)last_img read more

22 Sep

EPL: Wolves attack Everton

first_imgRelatedPosts Fulham keen on Lookman loan deal Ighalo: My best moment as ‘Red Devil’ Arsenal, Wolves want Michael Olise EPL: Wolves attack Everton Wolves vs. Everton Venue: Molineux Kick off: 12PMWolverhampton Wanderers play host to Everton this afternoon realistically requiring all three points to retain their hold of sixth position in the Premier League table. Meanwhile, despite registering eight points from five games since the resumption, the Toffees remain in the bottom half of the standings.In the space of a week, Wolverhampton Wanderers have gone from a club who were challenging for a Champions League spot to a team who must now improve just to gain a place in the Europa League.Two poor performances against Arsenal and Sheffield United have gifted the momentum to their nearest rivals in the race for the top six, while Espirito Nuno’s team selections and use of substitutions have started to frustrate supporters.The Portuguese made just one alteration against the Blades on Wednesday night, a rare occurrence for any manager since the enforced break, and it subsequently contributed to his tiring side conceding a potentially-crucial 93rd minute winner.Wolves have also barely laid a glove on either of their last two opponents, and it leaves Nuno’s close-knit group of players needing to produce a positive response this weekend. While victory would see them stay in sixth place, a third successive defeat could result in Wolves dropping down to eighth position.They go up against opponents in Everton who deservedly defeated them in the reverse fixture at Goodison Park, a result which had suggested that the teams were on contrasting trajectories.However, after a season of upheaval at Goodison Park, most Toffees fans will feel that they are making progress under Carlo Ancelotti ahead of the next campaign.Although they have recently failed to defeat Tottenham Hotspur or Southampton, a seven-point haul from their previous three outings gave supporters reasons to be optimistic for the future.Now sitting seven points adrift of Wolves, Ancelotti is likely to instruct his players to go on the offensive this weekend as they look to make a late bid for seventh. Wolves possible XI: Patricio, Boly, Coady, Saiss, Doherty, Dendoncker, Moutinho, Neves, Jonny, Jota, Jimenez. Everton possible XI: Pickford, Coleman, Keane, Mina, Digne, Walcott, Davies, Sigurdsson, Gordon, Richarlison, Calvert-Lewin.Tags: EvertonMolineuxPremier LeagueToffeesWolverhampton Wandererslast_img read more

20 Sep

Trump Wants Appeals Court to Reconsider Twitter-blocking Case

first_imgPresident Trump is not giving up his fight to block critics from following or influencing his Twitter feed.Last Friday, attorneys for the Justice Department asked the full 2nd U.S. Circuit Court of Appeals in Manhattan to determine whether a three-judge appeals panel erroneously ruled that the President could not prevent people from following his account on the popular social media site and app.Those attorneys believe the case could have important implications for public officials who regularly use personal social media accounts to discuss public issues.They wrote, “If the panel is correct, public officials who address matters relating to their public office on personal accounts will run the risk that every action taken on that account will be state action subject to constitutional scrutiny.”If the request for what is known as an “en banc” hearing is denied, the case could be appealed to the U.S. Supreme Court.The Justice Department’s lawyers argue that last month’s ruling conflicts with previous court precedents and presents a question of “exceptional importance.” In that ruling, the 2nd Circuit panel decided that Trump’s daily tweets were largely official in nature, and that he had violated the First Amendment by blocking individuals with opposing points of view.The lawyers add that the president’s @realDonaldTrump account is a personal one that he created in 2009, long before taking office. They claim that it should therefore be treated like any other personal property that belongs to him. “His ability to exclude others from this personal property is likewise independent of his office. That authority was conferred on him by Twitter, not by the government,” they write.The request came as a result of a case brought by the Knight First Amendment Institute at Columbia University. The Institute sued on behalf of seven individuals whom Trump allegedly blocked for criticizing his policies.Jameel Jaffer, the Institute’s director, says in an email, “The panel’s opinion was thorough and well-reasoned, and the arguments the White House makes in its petition for rehearing are ones the panel appropriately rejected. We hope and expect that the petition will be denied.”last_img read more

18 Sep

Shiva Boys, Waramadong register latest wins in KFC football

first_imgWARAMADONG and defending champions Shiva Boys Hindu College registered wins as day two of the ongoing KFC goodwill football series continued yesterday. The tournament, which is being played at the Guyana Football Federation’s training ground in Providence saw two more matches on Monday.Shiva tossed aside crowd favorite Annai Secondary, while Waramadong made light work of Lodge Secondary.In the first game, the Lodge side, riding high off their opening wins on Saturday were left with their jaws dropped as they were out-run by the Hinterland side.The game started slowly as both teams were conservative with the ball but when they found their footing, the eventual winners were locked on target. Ovid Andrews was the first to find the back of the net in the 35th with Trailing closely behind, Whitaker Paul made it a double with a goal in the 35th to put Lodge under serious pressure.A Lodge Penalty, skilfully converted by Dorwin George in the 53rd made sure that Lodge had a footing in the game but Ovid Andrews 67th minute strike ended all hopes.The Shiva Boys picked up where they left off last year, thumping Annai 3-0.Heavily reliant on their wing play during the first day win, Annai was quickly shut down by the Trini’s, the Shiva boys controlling the game.Captain Adica Ash led by example, netting a hat trick in the 23rd, 66th and 89th minutes for his team’s 3-0 win.The final preliminary games will be contested tomorrow when Annandale Secondary takes on Shiva Boys Hindu College at 13:00 hrs and Waramadong battles Marian Academy at 15:00.last_img read more

17 Sep

Cato, Shuler extend childhood friendship at Marshall

first_img Published on October 4, 2013 at 2:43 am Contact Sam: sblum@syr.edu | @SamBlum3 Facebook Twitter Google+ Rakeem Cato didn’t have a full family growing up. With a father who was in jail and a mother who died when he was only 12 years old, Cato never got the experience of being in a traditional family.But his best friend Tommy Shuler made up for the fact that he lacked a father and mother.“Tommy has always been there for me,” Cato said. “Through the good times and the bad times throughout my life. His parents, his grandma, his dad, and his step-dad, his whole family, they’ve just been there. They took me in as their own child.”Best friends since the age of 5, Shuler and Cato rarely went a day without seeing each other. Now juniors at Marshall, they still take the field together, wearing the same uniform every Saturday.Cato is the quarterback, and Shuler is his primary target. Cato has been the starter since the first snap of his freshman season. Shuler didn’t play much as a freshman, but has become one of the most prolific receivers in the nation in 2013.AdvertisementThis is placeholder textThe chemistry that they have has been a catalyst for a Thundering Herd offense that is averaging more than 40 points per game.“When things aren’t going right, we’re going to call something to at least make Tommy the primary guy,” Marshall offensive coordinator Bill Legg said. “I am going to put (Shuler) in a situation where he’s the first look because I know how strong their chemistry is not just off the field, but on the field.”Cato first met Shuler at summer camp. The two went to elementary school together, where Cato became close with Shuler’s mother, who worked at the school.They would go home after school and throw rocks in Shuler’s backyard to practice their throwing motion.“He used to come to my house, we used to go to his house,” Shuler said. “Basically we just became best friends, and came up together.”After Cato lost his mother to pneumonia, he would often spend months at a time living with the Shuler family during the summer. They would work out during the day and refine their football skills.They both went to Miami Springs High School and then transferred together to Miami Central in their senior season.Even though the two were only at Miami Central for a short time, they catapulted the team to a 14-1 record. The head coach at the time, Telly Lockette, accepted a position as an assistant coach at the University of South Florida in March.Lockette said that even in a high-pressure environment, Cato and Shuler still liked to have a good time.“They wanted to be basketball players,” Lockette joked. “They thought they were point guards. They were pretty good, but I told them that playing football would take them farther than basketball would.”It was at Miami Central that Cato committed to Florida International, and Shuler to Marshall. But once Cato got a better understanding of the up-tempo Marshall offense, it was too hard to pass up four more years with Shuler. He eventually decommitted from FIU.“I just told him, ‘Come on up to Marshall, get out of Miami,’” Shuler said. “You know, get to see what’s around him. So he came up here.”At Marshall, the two lived together as freshmen and remained inseparable off the field. Legg said that even though they are as close as two friends can be, they don’t have any problem getting on each other’s case.“If one of them thinks the other didn’t see the same thing that he was seeing, then they’re not afraid to get after each other,” Legg said. “At the same time, it’s a brother-to-brother-type thing.”Through all of the fights and the ups and downs Cato and Shuler have gone through, they both remain the constant in each other’s lives.“There were a lot of great moments, on the field, and off the field,” Cato said. “We did everything together. Any moment that we were with each other it was a great moment. Every time we’re together, we always have fun.” Commentslast_img read more