Cellucci presents Dubie with Leadership Award

first_imgU.S. Ambassador to Canada Presents Annual Leadership Award to Vermont Lt.Governor(BOSTON, MA) – U.S. Ambassador to Canada Paul Cellucci introduced VermontLt. Governor Brian Dubie to a full house of 85 New England and Canadianbusiness leaders Friday morning (9/17)at the New England-Canada BusinessCouncil’s (www.necbc.org(link is external)) annual Leadership Award breakfast atthe Fairmont Copley Plaza.Dubie addressed the group about his experiences over the past 20 monthsreviving relationships between Vermont and Canada in the areas ofcommerce, the environment, energy, education, transportation and bordersecurity. He concluded his remarks to a standing ovation.Paul Raymond, senior vice president for the Canadian informationtechnology firm CGI Group, Inc., is president and CEO of the Council. Hejoined Dubie and Cellucci at the podium to present the award to Dubie,which reads, “In recognition of your exemplary achievements with regard tointernational trade between Canada and New England.””NECBC presents this award annually to an individual who has displayedexceptional leadership in promoting economic, political and culturalrelations between Canada and New England,” said Raymond.As Governor of Massachusetts, Cellucci was the first recipient of theaward in 1999. Other previous award recipients include Nova Scotia PremierJohn F. Hamm, former Canadian Consul General to New England Mary Clancy,former Maine Governor Angus King, and President & CEO of ManulifeFinancial, Dominic D’Alessandro.last_img read more

Governor pushes plan to cap carbon emissions, close coal plants in North Carolina

first_img FacebookTwitterLinkedInEmailPrint分享WRAL:North Carolina would cap carbon dioxide emissions from power plants and accelerate the closure of coal-fired power plants under a draft plan released Friday by Gov. Roy Cooper’s administration.Writ large, the plan calls for a series of initiatives to whack away at the emissions contributing to climate change. It’s goal: “By 2030, reduce electric power sector greenhouse gas emissions between 60% and 70% below 2005 levels and work towards zero emissions by 2050.”To get there, the proposal relies on policy shifts that require General Assembly approval, as well as reforms that could overhaul the way North Carolina regulates and delivers electricity to homes and businesses across the state.Among other things, the draft plan suggests that the legislature: enact a new law either capping carbon dioxide emissions in the electric power sector or requiring a percentage reduction; require a new analysis when companies want to build new fossil fuel plants that considers carbon impacts, both to the environment and to public health, changing the math regulators use to determine whether new plants should be approved; and set a date by which “uneconomical” coal power plants must close.Just which coal plants count as uneconomical would be studied, but the plan references previous research that said most existing coal plants in the country are more expensive to operate than building wind and solar facilities.Duke Energy has seven coal plants in the state now, all planned for retirement by 2038, a company spokeswoman said. Duke, by far the state’s largest electric utility, has largely relied on natural gas to phase out coal.More: Cooper energy plan contemplates carbon cap Governor pushes plan to cap carbon emissions, close coal plants in North Carolinalast_img read more

Budgeting for digital

first_imgHow much of your credit union’s marketing budget goes to digital channels?Consider that nearly 53 percent of a person’s digital life is spent on a mobile device, according to the Nielsen Comparable Metrics Series Report, Q4 2016. Does your marketing budget align with this?“Evaluate your channels with strategic goals in mind and allocate dollars according to the channels your members predominantly use,” advises Karen McGaughey, VP/client services, principal for CUES Supplier member Weber Marketing Group, Seattle. “For example, if 25 percent of your advertising budget is allocated to print, yet print consumption is closer to 7 percent, you’re missing the boat. Your audience has moved, consuming greater volumes of content digitally on a device. Digital marketing is nimble and quickly adaptable. Use this to your advantage—experiment, measure performance, optimize execution based on success factors and repeat.”James Robert Lay, founder and CEO of Digital Growth Institute, Houston, recommends organizing your plan and budget in 30-, 60-, and 90-day increments. Like a marathon, condition yourself to adapt and change your plan as needed. He recommends allocating at least 35 percent of your budget to digital and has seen as high as 90 percent.You can also use your budget to find the right talent. continue reading » 30SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

5,200-plus CU leaders visit Capitol Hill on behalf of members

first_img Credit unions could be spotted in every single Congressional building on Capitol Hill Wednesday as more than 5,200 credit union leaders visited with elected officials to tell stories about the credit union difference. The visits are an annual tradition that is part of the CUNA Governmental Affairs Conference (GAC).Credit unions from across America spent the day discussing the numerous issues and concerns. Specific issues raised in nearly every meeting included data security and privacy, the current expected credit loss (CECL) standard, Telephone Consumer Protection Act reform and the Consumer Financial Protection Financial Bureau.“Data breaches at retailers is a major concern, especially because there are a lot of companies out there that collect our data and then just hold onto it,” said Dennis Tanimoto, president of the Hawaii Credit Union League. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Sen. Lindsey Graham (R-S.C.) speaks with South Carolina credit union leaders Wednesday at the Capitol Visitor’s Center. Frivolous lawsuits exploiting the ADA were a chief issue the credit unions raised with Graham, who chairs the Senate Judiciary Committee.center_img continue reading »last_img read more

Gojek, Paxel expand intercity delivery service to three more cities

first_imgHomegrown ride-hailing giant Gojek has teamed up with app-based logistics provider Paxel to expand its intercity delivery service to reach Semarang and Surakarta, Central Java, as well as Yogyakarta, amid surging demand during the health crisis, the companies announced on Wednesday.Earlier in April, the two firms launched the GoSend intercity delivery service to transport goods between Greater Jakarta and West Java capital Bandung, with the exception of Bogor.“Since then, demand for the service has jumped by three-fold,” Gojek head of logistics Junaidi said in a press briefing. Demand for GoSend itself rose by 90 percent between March and July, with food and beverage products topping deliveries, followed by apparels, he added.Indonesia recorded its first cases of COVID-19 in March and has since implemented large-scale social restrictions (PSBB) in several regions to contain the virus, forcing many people to stay at home.“Consumer behavior has shifted during the pandemic from going to brick-and-mortar stores to online shopping. This phenomenon has increased demand for delivery services such as GoSend,” Junaidi said.The intercity delivery service will also be equipped with live-tracking and end-to-end services. “We provide live-tracking and package insurance, which enables us to compete [with logistics companies]. Our pick-up and shipment process is also quick, as we are focusing on same-day and next-day delivery services, and our prices are competitive.”According to Gojek’s presentation, the intercity delivery service will cost between Rp 15,000 (US$1.02) and Rp 30,000 for packages weighing up to 5 kilograms. Packages are also covered by insurance worth up to Rp 10 million.Meanwhile, Paxel cofounder Zaldy Masita said the collaboration with Gojek extends beyond operational services but also includes technological system integration.“We are collaborating from the operational standpoint and IT system. Furthermore, Paxel now also accepts GoPay as a means of payment.”Zaldy added that the service also implemented special delivery procedures for food and beverage products using Paxel’s chillers and coolers.“There are no other logistics companies that are focusing on food products. Alongside GoSend, we want to cater to the needs of culinary MSMEs [micro, small and medium enterprises] by providing delivery services for temperature-sensitive products.”Paxel reported that demand for the company’s logistics services has more than doubled since the COVID-19 outbreak started.MSMEs and retail users dominate 85 percent of the demand.“MSME potential, especially in the food and beverage sector, is huge in Central Java. Yogyakarta and Semarang are famous for their foods and we would like to cater to that potential,” Zaldy said.Topics :last_img read more

Buyers snap up property at Lucy Cole Prestige Properties auction event

first_imgPrincipal Lucy Cole said she believed the 2017 outlook for the Gold Coast property market was positive. Picture Mike BatterhamLUCY Cole Prestige Properties took a list of 15 properties to auction at the agency’s sixth annual alfresco auction on the weekend.Principal Lucy Cole said about 150 people including 40 registered bidders turned up to the event last Saturday where the team sold about $8 million worth of real estate.The agency sold six properties under the hammer including two above the $1 million mark.“There was a lot of spirited bidding on the day which was great to see,” Ms Cole said.“Two of the sales were above reserve which was also promising to see. We had another three that sold prior to auction and we have another four under negotiation now.” Auctioneer Scott Harman in action. Picture Mike BatterhamMore from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North11 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoMs Cole said there were a range of buyers including international, interstate and local.Among the sales was an apartment in The Waterford building at Main beach. The three-bedroom apartment, which has 360-degree views of the Coast, fetched $1.85 million under the hammer. The crowd wait for the hammer to fall. Picture Mike Batterham A crowd of about 150 took part in the auction event. Picture Mike Batterham Auctioneer Scott Harman engages with the crowd. Picture Mike BatterhamA four-bedroom waterfront house at 11 Riverbank Court, Ashmore, also sold for $1.4 million.Ms Cole said she believed the 2017 outlook for the Gold Coast property market was positive.“I think it’s looking very healthy — there’s a buzz in the air and it’s very exciting.“Buyers want to be involved in our marketplace.“They can see that we’re moving forward.”last_img read more

Mandate roundup: AP2, Vontobel Asset Management, KNEIP

first_imgThe analysis should include both post-trade analysis and TCA analysis, it said.The contract period is proposed to be 48 months, subject to a right of early termination with a due notice period.The deadline for applications is 23 April.For more information on the tender, click here.In other news, Vontobel Asset Management has appointed KNEIP for fund data management, regulatory filing, KIID production and financial reporting.Vontobel will be making use of KNEIP’s service across its entire Swiss and Luxembourg-domiciled fund ranges. Sweden’s AP2 is looking for a company to provide a trading cost-analysis (TCA) system to evaluate brokers’ execution for the buffer fund and analyse whether its trading strategies are “as optimal as possible”.It said it required a TCA system for analysis of mainly its internal cash equity execution.“We are looking for a system that can evaluate trading decisions by providing quick and user-friendly cost analysis,” it said.“Since we are investing in a range of markets, both developed and emerging markets, it is important the system cover these markets.”last_img read more

Aegon reaps benefits of Dutch residential mortgage boom

first_imgProgress, the €4.5bn pension fund for Unilever, was among the first investors in Aegon’s mortgages fund, committing 5% of its assets to the vehicle last year. At the time, it said it expected its investments in home loans would generate 2.5% more in returns than the market rate.It also cited its desire to increase diversification within its investment portfolio, as well as heed the “call from society” to raise local investment.The €1.5bn pension fund of coffee processor Douwe Egberts (DEPF) also recently announced that it, too, would invest 5% of its assets in the Aegon fund.It said it expected to achieve better returns against “very limited” additional risk, “as most of these mortgages have been issued under government guarantee (NHG)”.Meanwhile, asset manager Syntrus Achmea has also seen its Particuliere Hypothekenfonds grow rapidly.The fund, which issues mortgages to consumers directly, is currently 78% home loans under NHG.According Hugo Ouwehand, the company’s mortgages director, 42 Dutch pension funds have committed a total of €3.8bn to date – not only for diversification purposes, he said, but also to improve risk/return profile and benefit from the spread between swap and market rates.Among the participants in Syntrus Achmea’s fund is the €38bn metal scheme PME.Ouwehand said he expected €1bn in inflows this year, after the vehicle posted increases of €450m and €880m in 2012 and 2013, respectively.He also confirmed that net returns over the last five years had averaged at 6.6%.However, he argued that the Dutch housing market had already “passed its lowest point”, and that pressure on returns would increase.Earlier this year, the Dutch Mortgage Funding Company (DMFCO), with its Munt Hypotheken, established itself as an additional option for direct institutional investment in residential mortgages.Recently, the €55bn metal scheme, the €18bn pension fund for the printing industry (PGB) and the €6.8 scheme for steel works (Hoogovens) committed €2bn in total to the DMFCO scheme.Jeroen van Hessen, a partner at DMFCO, said he expected the vehicle to attract €3bn in total within the next 18 months.Dutch pension funds are still waiting for further developments on the Nederlandse Hypotheek-instelling (NHI), a new institution that is to issue government-backed mortgage bonds.However, the start of the NHI, which aims to issue €25bn in mortgage bonds over the next five years, has already been delayed by several months, following an EU investigation into possible state support.Unilever’s Progress indicated that it was not interested in investing in NHI-issued mortgage bonds, arguing that the NHI would focus on old mortgages, which it said were likely to generate a lower risk premium.Combined mortgage debt in the Netherlands amounted to €637bn at the end of 2013. Aegon Asset Management is among the fund managers benefiting from a shift towards Dutch residential mortgages in recent years, with pension funds looking increasingly for alternatives to government bonds. Aegon AM’s Dutch Mortgage Fund – launched in August 2013 – has already attracted more than €1.8bn in institutional investment.The company said it had returned more than 5% over the first three quarters of 2014, but declined to provide further details on the expected growth of the fund.Aegon’s Dutch Mortgage Fund is currently 81% guaranteed home loans, with a loan-to-value ratio of up to 106% and a duration of 7.2 years on average.last_img read more

Total plans $5 billion in asset sales as second quarter profit slips on lower oil prices

first_imgFrench oil and gas company Total posted a 26% drop in 2Q net profit as a result of lower oil and gas prices. Total has said it plans to sell about $5 billion worth of assets, mostly from its Exploration & Production business.Patrick Pouyanné, Chairman and CEO of Total. Source: Wikimedia; Author: Jérémy Barande – under the CC BY-SA 2.0 licenseThe company on Thursday posted adjusted net profit of $2.9 billion, a 19% decrease from the adjusted net profit of $3.6 billion in the same period last year.Total’s net income was $2.8 billion in 2Q 2019, a 26% decrease compared to 2Q 2018 and net income of $3.7 billion.Hydrocarbon production was 2,957 kboe/d in 2Q 2019, an increase of 9% compared to 2Q 2018 due to start-up and ramp-up of new projects, offset by natural decline and maintenance.Commenting on the results, Chairman and CEO, Patrick Pouyanné, said: “Markets remained volatile with Brent averaging $69/b in the second quarter, an increase of 9% compared to the previous quarter, but natural gas prices were down 36% in Europe and 26% in Asia. In this context, with a slight increase in production to 2.96 Mboe/d, adjusted net income increased by 5% compared to the previous quarter to 2.9 B$, and the return on equity remained above 11%.”“Exploration & Production benefited from the higher Brent with a 15% increase in operating cash flow before working capital changes.”He added: “In signing an agreement with Occidental to acquire Anadarko’s assets in Africa, the Group is preparing for its future and capitalizing on its strengths. In Mozambique, it leverages its expertise in LNG, in Ghana, the deep offshore and, in Algeria, its historic presence. The Group continues to grow in LNG with the signing of a sales contract with the Chinese company Guanghui, the takeover of Toshiba’s LNG portfolio and the start-up of Cameron LNG in the United States.“This strategy is complemented by the divestment of high-breakeven assets, such as the recent sale of mature assets in the UK North Sea. This active portfolio management policy will continue with the sale of 5 B$ of assets over the 2019-20 period, the majority coming from Exploration & Production.”Since the start of the third quarter 2019, Brent has traded above $60/b in a context of renewed OPEC+ quotas and uncertainties about the evolution of production in Libya, Venezuela and Iran. According to Total, the environment remains volatile, with uncertainty about hydrocarbon demand growth related to the outlook for global economic growth.The Group maintains its spending discipline in 2019 with an organic investment target of around $14 billion and an average production cost of $5.5/boe. The organic pre-dividend cash flow breakeven will remain below $30/b.Production growth should exceed 9% in 2019, thanks to the ramp-up of projects started in 2018 and the start-­ups in the first half 2019 of Kaombo Sul in Angola and Culzean in the UK North Sea, as well as the upcoming Johan Sverdrup in Norway and lara 1 in Brazil.Offshore Energy Today StaffSpotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.last_img read more

Lucille Warfield

first_imgLucille Warfield, 100, of Correct passed away at 7:40pm Sunday, February 19, 2017 at the Manderley Health Care Center in Osgood. She was born at Correct on October 3, 1916 the daughter of Holman and Bertha Day Gookins. She was married to Carl Warfield on July 30, 1938 and he preceded her in death on October 2, 2003. Survivors include one son Tom (Lois) Warfield of Correct; one daughter Rebecca (Charles) Rogers of Carmel; 6 grandchildren and 11 great-grandchildren. She was also preceded in death by her parents and her brother Ralph Gookins. Mrs. Warfield grew up at Correct on the family farm with her brother and parents. Her grandfather T. G. Day of Correct was a Civil War veteran having fought at Gettysburg and was held as a prisoner of war at Andersonville, Georgia. Lucille was a 1934 graduate of Versailles High School and completed the 2 year teachers course at Hanover College in 1936 before teaching at the Benham School in 1937. Since women were not allowed to be married and teach school her career ended upon marrying Carl in 1938. She also worked as a bookkeeper for Warfield Fertilizer. Lucille was a 60 year member of the Versailles Baptist Church and was also a member of the Correct Homemakers club. Funeral services will be held on Thursday, February 23rd at 3pm at the Stratton-Karsteter Funeral Home in Versailles with Rev. Mike Cantrell officiating. Burial will be in the Cliff Hill Cemetery in Versailles. Visitation will be Thursday from 1pm until time of services. Memorials may be given to the Cliff Hill Cemetery or the Versailles Baptist Church in care of the funeral home.last_img read more