17 Dec

A court win for co-op allows insurance patronage to continue

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Ty Higgins, Ohio Ag NetAfter a two-year court battle regarding the legality of it’s insurance patronage program, Sunrise Cooperative was given the green light to continue the process of making these payments, when available, to customer-owners as it has been for a decade.After the 2008 farm bill made insurance rebates illegal, Sunrise was grandfathered around the law as their insurance patronage was structured to be given to members who chose to use Lund & Smith Insurance Services, LLC (L&S) as their crop insurance provider. Sunrise owns one-third of L & S, so the payments were found to be justified.That is until 2016, when Sunrise was about to merge with TruPointe Cooperative. The United States Department of Agriculture’s (USDA) Risk Management Agency (RMA) had given notice to Sunrise that those insurance patronage payments would have to stop, since TruPointe was not grandfathered in to the aforementioned law and the addition of TruPointe would change the entity structure of Sunrise.“We looked at what merging with TruPointe and losing the insurance patronage would mean for our customer-owners and it would have been devastating,” said George Secor, President and CEO of Sunrise Cooperative. “At the same time, we looked at all of the benefits of the merger which added up to millions of dollars to a total of 7,000 customer-owners of what would be the new Sunrise Cooperative.”After legal counsel sat down with both the Sunrise and TruPointe Cooperative boards, the decision was made to move forward with the merger and at the same time defend the practice of divvying out insurance patronage.The first decision came down from a district court. That ruling was in favor of the RMA, noting that the 2008 farm bill “prohibits large, abrupt increases in the amount of premium-rebating that can occur when, as in this case, a non-grandfathered entity merges with a grandfathered entity.”Sunrise then took their case to the Sixth Circuit, where they made the argument that nothing about their entity changed after the merger with TruPointe and therefore the insurance patronage should be allowed.All three judges on the Sixth Circuit panel agreed with that assessment.“It took a lot of money, time and effort to defend this right for the customer-owners of Sunrise,” Secor said. “But it was definitely the right thing to do and at the end of the day we prevailed.”AUDIO: The Ohio Ag Net’s Ty Higgins visited with Sunrise Cooperative’s President and CEO George Secor about the court win and what it means for customer-owners. Audio Playerhttp://ocj.com/wp-content/uploads/2018/06/Sunrise-George-Secor.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.last_img read more

16 Dec

Gartner’s Numbers for Virtualization Say it All

first_imgTop Reasons to Go With Managed WordPress Hosting Tags:#cloud#cloud computing#Virtualization Thomas Bittman is a well-known Gartner analyst. We were looking at some findings Bittman reported earlier this fall that are more relevant now as more companies seek to extend its data centers to public cloud infrastructures. We’ve seen this trend pick up momentum in the past month so it is worth reviewing again what the numbers say about the market.According to Bittman:Virtual machine penetration has increased 50% in the last year. Gartner believes that nearly 30% of all workloads running on x86 architecture servers are now running on virtual machines.For the first time midsized companies have deeper virtualization penetration than companies in the Global 1,000. That means a new market is opening up for extended cloud environments and managed cloud services.Bittman says “private clouds,” are all the buzz. Groan. Anyway, his point is right on:“Every major vendor on the planet who sells infrastructure stuff has a private cloud story today. In the last year, the marketing, product announcements and acquisitions have been mind-numbing. Some of this is clearly cloudwashing (“old stuff, new name”), but we’ve seen a number of smart start-ups captured by big vendors, and important product rollouts (notably VMware’s vCloud Director). Now the question is – what will the market buy?”Major infrastructure providers are shifting to virtual machine formats. Bittman’s last point is reflective of a big shift:“IaaS (infrastructure as a service) providers have focused on open source and internal technologies to deliver solutions at the lowest possible cost. But that’s changing. In the past year, there’s been a rapidly growing trend for IaaS providers to add support for major commercial VM formats – especially VMware, but also Hyper-V and XenServer. The reason? To create an easy on-ramp for enterprises. As enteprises virtualize (and in many cases, build private clouds), the IaaS providers know that they need to make interoperability, hybrid, overdrafting, migration as easy as possible. The question is whether that will require commercial offerings (such as VMware’s vCloud Datacenter Services, or Microsoft Dynamic Datacenter Alliance), or if conversion tools will be good enough. I tend to think that service providers better make the off-premises experience as identical to the on-premises experience as possible – and I’m not sure conversion will get them there.”Bittman also says Microsoft’s Hyper-V is under performing. Bittman wonders is this is due to Microsoft’s poor migration offerings? What do you think?Virtualization is moving to the cloud. It will be a major theme in 2011. But the next question is how it will happen and what services companies will use to make the transition. A Web Developer’s New Best Friend is the AI Wai… Why Tech Companies Need Simpler Terms of Servic…center_img alex williams Related Posts 8 Best WordPress Hosting Solutions on the Marketlast_img read more

3 Dec

Former RJD MP sent to jail

first_imgFormer Rashtriya Janata Dal (RJD) MP and strongman of Bihar’s Saran district Prabhunath Singh and two others were convicted on Thursday in an old murder case by a local court of Hazaribagh in Jharkhand. All three were later sent to jail. The quantum of punishment will be pronounced on May 23.Additional district and sessions judge Surendra Sharma found Prabhunath Singh, his brother Dinanath Singh and one Ritesh Singh guilty of the murder of former MLA Ashok Singh. MLA killed in blastAshok Singh, the then Janata Dal MLA from Masarakh constituency of the Saran district in Bihar, died in a bomb blast on July 3, 1995, when he was sitting in the lawns of his official bungalow in Patna. “My brother defeated Prabhunath Singh in the 1995 Assembly poll and Prabhunath Singh had openly said that my brother will be killed within 90 days of becoming a legislator. He was killed on the 90th day,” Tarkeshwar Singh, younger brother of Ashok Singh, told journalists. The day Ashok Singh, 28, was killed, he had met the then Director General of Police G.P. Dohre for police protection.“It was a long battle, but I had full faith in the judiciary and I’m happy that justice has been done,” Chandani Singh, wife of Ashok Singh, told journalists.last_img read more

7 Nov

Cowboys lasso Titans to claim back-to-back titles

first_img@Eden_RichardsThe Queensland Cowboys have gone back-to-back in the Men’s Elite Eight after defeating the Queensland Titans 6-3 win at the National Touch League in Coffs Harbour.The reigning champions led the match from start to finish on a beautiful night at C.ex Coffs International Stadium, showing their class from the early minutes of play.It was an unfortunate result for the Titans who had performed so well for the whole tournament, but even they will appreciate the class and talent of the Cowboys’ side.A two-touchdown performance from Cormac Hoch helped his side to a 3-1 lead at half-time and they used this momentum to skip away in the second half. Jack Hughes opened the scoring in the early minutes of the second half, giving the Cowboys a commanding 4-1 lead in the process.They went on with it in the 27th minute, scoring the easiest of touchdowns through Damon Moore to lead 5-1.A stalemate emerged for the next seven minutes, before Cowboy Lachlan Hoch grabbed his first of the night to make it 6-1 with a little over five minutes to play.The Titans scored a consolation touchdown in the 36th minute to add some respectability to the scoreboard, but Graeme Clancy’s efforts were not enough, with the scoreboard showing a 6-2 scoreline in the Cowboys’ favour.Clancy grabbed a third touchdown on the hooter but the celebrations had already started for the Cowboys who held on for a 6-3 win.It was a complete 40-minute performance from the Cowboys who opened the scoring very early in the match to grab the upper hand from the get-go.In fact it took just three minutes for the Cowboys to cross the line, with Braydon Hegarty crossing in the left corner.Cormac Hoch sliced through the Titans’ defence in the 10th minute to make it 2-0, putting his side in a great position in the process.But just minutes later, The Titans cut the deficit to one touchdown through the handy work of Clancy who crossed in the right corner.However, the Cowboys continued to pile on the pressure and it paid off in the 16th minute, with Cormac Hoch scoring a spectacular touchdown to put his side up 3-1. That’s the way it stayed at half-time, and the Cowboys used that momentum to go on with the match and claim the title.Queensland Cowboys 6 (C. Hoch 2, L Hoch, Hegarty, Hughes, Moore touchdowns) def. Queensland Titans 3 (Clancy 3 touchdowns)Related LinksMen’s E8 finallast_img read more

28 Oct

10 months agoBayern Munich goalkeeper Neuer: Liverpool are vulnerable

first_imgBayern Munich goalkeeper Neuer: Liverpool are vulnerableby Freddie Taylor10 months agoSend to a friendShare the loveBayern Munich goalkeeper Manuel Neuer believes Champions League last-16 opponents Liverpool are vulnerable.The German giants have been struggling domestically this season, while Jurgen Klopp’s Reds are top of the Premier League.However, Neuer remains confident Bayern can get the job done over last season’s finalists.He told the club’s official website: “They’re having a very good season and we know they were in the Champions League final last year. “They certainly won’t be delighted with the draw, either. “They can counter quickly and they’re dangerous in front of goal, but they’re also vulnerable, as we’ve seen, and they’ll be up against a good Bayern attack.”It’ll be a great game both at Liverpool and also at home at the Allianz Arena.” About the authorFreddie TaylorShare the loveHave your saylast_img read more

28 Oct

9 months ago​Liverpool defender Matip could return for Brighton

first_imgAbout the authorAnsser SadiqShare the loveHave your say ​Liverpool defender Matip could return for Brightonby Ansser Sadiq9 months agoSend to a friendShare the loveLiverpool could be about to get a boost as Joel Matip nears his return from injury.The centre-back is back in training, which means he is in contention to start against Brighton on Saturday.But the Reds will still be without Dejan Lovren, who is not yet fit.Asked about Lovren’s absence, Klopp said in his press conference: “I don’t know [how long]. Yes, it is serious otherwise he could play [against Brighton] but it’s not that serious.”I would expect him back maybe after Crystal Palace but I’m not sure we have to see.”Joel [Matip] trained for the first time yesterday with the team.”That is really good but we have to see. We have to take it day-by-day and see how he is doing but that is good for us of course.” last_img read more

28 Oct

a day agoTottenham planning signing spree in 2020

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Tottenham planning signing spree in 2020by Paul Vegasa day agoSend to a friendShare the loveTottenham are planning a signing spree in 2020.The Daily Mail says flying full-backs Kyle Walker and Danny Rose were key figures in manager Mauricio Pochettino’s best side and Spurs feel they have lost one of their major strengths following the former’s departure to Manchester City and latter’s struggle to hit the same heights.Having signed Ryan Sessegnon, who can play down the left, for £25m from Fulham in the summer, landing a new right-back is their main priority in January.Norwich’s Max Aarons and West Brom’s Nathan Ferguson are two of Spurs’s options for that position.Beyond that Spurs intend to strengthen in central defence, central midfield and attack. They remain keen on Sporting Lisbon’s midfielder Bruno Fernandes and also have interest in Mainz forward Jean-Phillipe Mateta. last_img read more

13 Oct

Highlights from the federal governments fall economic update tabled Tuesday

first_imgOTTAWA – The federal Liberals gave an update Tuesday on the government’s finances, and with it, how they plan to spend a windfall generated by better than expected economic growth.Here are some highlights from the fall economic update:— Positive economic developments have left the government with about $46.6 billion more to spend over five years than they’d projected in the 2017 budget.— The economic update details ways they plan to spend roughly $14.9 billion of that over five years, leaving the rest to pull down the deficit.— The deficit this fiscal year is now projected to be $18.4 billion, down from the spring projection of $25.5 billion. By 2021-2022, the deficit will fall to $10.9 billion. It had originally been projected to come in at $15.8 billion.— The government focused on four major spending measures in the update: indexing the Canada Child Benefit to cost of living increases, expanding the Working Income Tax benefit program, formalizing a promised cut to the small business tax rate and ongoing work to overhaul the tax code.— The indexation of the Canada Child Benefit project will now begin in July 2018, two years ahead of schedule. Over five years, the increases are projected to cost about $5.6 billion. As an example, the government says someone currently receiving the maximum amount of $6,400 for a child under six would see that rise to $6,496 next year, and $6,626 by 2019-2020.— Expanding the Working Income Tax Benefit program. The program is designed to account for the fact that when people go off government assistance and get a job, their paycheque may not be as high as government support and so there’s less incentive to work. The benefit seeks to make up some of that pay difference. The government says they’ll spend $500 million a year starting in 2019 to allow more people to qualify.— Taken together, measures to lower the small business tax rate to 10 per cent next year and nine per cent in 2019, along with ongoing overhauls to the tax code, will cost the government $1.3 billion between 2017 and 2022, but that doesn’t take into account one of the major changes coming to tax rules on how passive investments are handled.— Almost $9 billion in program spending is detailed in the update, some of which has not been previously announced at all, or has only been detailed in very broad strokes. Among the new programs: over $1 billion for Fisheries and Oceans Canada and Canadian Coast Guard Services over six years; $760 million for security at Canada’s embassies and consulates over six years; $4 million over two years to expunge the criminal records of Canadian previously convicted of consensual sexual activity with same-sex partners; $526 million for legalization marijuana and a further $150 million over six years to handle drug-impaired driving.last_img read more

12 Oct

Fraudster caught red-handed; cops recover several fake HP products

first_imgNew Delhi: Delhi Police on Wednesday said that staff from Jyoti Nagar police station have conducted a raid at a sewage pumping house near Loni Road, New Delhi and recovered a carton full of several counterfeit HP products that included printer toners and cartridges among other things.They said that as a result of the raid, one accused, identified as Ajay Kumar (22) was caught red-handed with the counterfeit products. Police had initially filed a case based on a complaint registered by Hewlett Packard (HP) through a person holding powers of attorney in Delhi earlier this year. Also Read – After eight years, businessman arrested for kidnap & murderSpeaking to the Millennium Post, DCP Atul Kumar Thakur (North East District) said that upon cursory checking of the carton in possession of the accused, nine HP cartridges with different versions of HP laser jet toners in them were discovered. The raid was conducted in the presence of an expert from the company, who checked and confirmed the nature of these products as being counterfeit. In addition to this, HP has also claimed that a raid was conducted at a computer retail store in the busy business locality of Bhikaji Cama Place where one arrest was made. According to a police seizure report in possession of Millennium Post, this raid was conducted at a basement store in Ansal Chamber-1 where about 25 pieces of different HP counterfeit products were recovered. Also Read – Two brothers held for snatchingsHowever, DCP Thakur said that he cannot disclose any information about this particular raid as investigations in the case are ongoing. In its complaint, the company alleged that certain retailers in Delhi were selling spurious and counterfeit products such as computer toners and cartridges under the brand name of HP, without the company’s consent, thus violating its copyright and intellectual property rights. The company accused these retailers of using its trademark, trade logo, and artwork to dupe unaware consumers into believing they were purchasing products manufactured by HP. The complaint also said that the alleged fraudsters packaged their counterfeit products in a manner similar to their own packaging, further trying to pass off their products as genuine. In addition to the raid in Delhi, HP representatives in India also claimed to have conducted raids with assistance from local authorities in Noida, Gurugram and at least five other states across the country. A case against the accused has been registered under section 63 of the Copyright Act at the Jyoti Nagar police station.last_img read more

28 Sep

What Betting Markets Think LeBron James Will Do

The big question right now is whether LeBron James will stay with the Miami Heat or return to the Cleveland Cavaliers. Despite the fact that his departure from the latter in 2010 seemed to have burned a few bridges, some fans appear to have forgiven James and are hoping for his return.How likely is James to return to Ohio? That’s a difficult question, but we can try to get a rough sense from betting markets. The Cavs and the Heat aren’t the only contenders. Here’s an average of the latest betting lines on where James will play next season, converted into probabilities:Oddsmakers seem to think James is about a 50-50 bet to stay with the Heat. Cleveland has some hope, and the remaining teams not much. But if history is any indicator, both Miami and Cleveland might have reason to worry.James had to make a similar decision in 2010, and betting markets didn’t get that one right.Bettors thought James would stay put in 2010 as well. But the difference in spread is notable. Based on these numbers, bettors are 11 percent more confident in his loyalty than they were in 2010. The second most likely options in both scenarios make up for this difference, with the Chicago Bulls at a 24 percent chance in 2010 and the Cavs at a 16 percent chance currently.Just like these betting sites, we’ve had mixed success in predicting James’s moves. Until his announcement, it’s worth considering that maybe we don’t know the MVP quite as well as we think we do. read more