July 15, 2001 Associate Editor Regular News “Well, we’ve heard it previously, haven’t we? Incoming presidents of the past have warned us that the profession is challenged as never before. I issue the same warning to you again today, the same call to action. Only this time, as recent events have shown, the threat is palpable; it extends across our nation; and our democracy is at risk,” Russell told those gathered for the pomp and pageantry that marked the official dawning of his presidency. Russell is sworn-in by Chief Justice Wells, as his wife looks on. Russell takes officePledges to fight for judicial independence and work to provide equal accessJan Pudlow Associate Editor Passionately proclaiming his dual mission to protect the independence of the legal system from political interference while striving to bring equal access to justice for the poor, Terry Russell of Ft. Lauderdale was sworn in as The Florida Bar’s 53rd president.The June 22 General Assembly at the Bar’s Annual Meeting in Orlando was a happy celebration of bright legal stars and the congratulatory swearing-in of new officers that included the historic testament to diversity in the Young Lawyers Division with two minority women in leadership roles: President Elizabeth Gicella Rice, of Hispanic descent, and African-American Juliet Rouhlac, as president-elect.Plenty of laughter, handshakes, hugs, snapping cameras, and well-wishing from family and friends filled the room, but the ceremony was also a sobering call to action at a time of increased criticism of the Bar and judiciary from legislators. Providing the backdrop for his message, behind the podium, a giant screen showed a picture of the Florida Supreme Court and the convention’s slogan: “Celebrating the Independence of Our Judiciary.”“Make no mistake about it, the order in our society rests upon the goodwill of our citizens and their respect for the law,” 56-year-old Russell continued.“That respect is embedded firmly in the perception of the great majority of Americans that our courts are open to them for the fair, impartial, nonpolitical resolution of their grievances. For us to do nothing in the face of the challenges to our legal system would be to risk anarchy. To fail would be unthinkable.”U.S. Sen. Bill Nelson promised to congratulate Russell in person later that evening, and delivered the keynote address via videotape, because he was committed to stay in Washington, D.C., during the debate on the Patients Bill of Rights.“Congratulations, Terry Russell, on taking over the reins for the coming year,” Nelson said. “Mr. President, Terry Russell, you’ve got a major task ahead, as the Florida Legislature failed our courts by passing a bill that gives the governor almost total control over the nomination of judges, and it minimizes the role of The Florida Bar. allowing one person to decide the makeup of our courts and thereby lessening the checks and balances of our system we jeopardize the independence of our judiciary. Unfortunately, Gov. Bush signed this legislation into law.. . . All of us must watch closely to see who is going to be put on these 26 judicial nominating commissions. We can hope that a future legislature will remedy this mistake before it does too much damage to our judiciary.”In giving the annual state of the Bar address, outgoing President Herman Russomanno said: “The state of the Bar is in good shape.”But Russomanno also acknowledged that “justice was under fire in the House of Representatives. Lawyers of The Florida Bar responded to our call for action, and rightly so. There were assaults on the Bar and vitriolic attacks on the judiciary. Fortunately, editorial boards of newspapers of the state have been supportive to help expose the extremist position of some. This education continues.”Russomanno said it was a privilege to work with Florida Supreme Court Chief Justice Charles Wells, whom he called “a fearless leader who faced unprecedented attacks on our court.”The audience gave Wells a rousing standing ovation.“There is a rising tide of judge-bashing in our state,” Russomanno said. “Although not new, it is more vitriolic, more determined, and thus more dangerous, because it threatens the independence of the judiciary as an institution, and equally important, the public’s trust and confidence.”But voicing a tone of hope, Russomanno continued: “Each and every day, we are building bridges and continue to work on that struggle so we will have no extreme positions in this state. We want moderation and respect for all branches of government. And I believe with everyone’s help, we will be able to accomplish that.”Turning to Russell, Russomanno said, “I can’t think of a better person to succeed me than Terry Russell. If I look at the attributes of what makes a great leader, I think of someone who gives service to his community, service to his family, service to his God, and service to the profession. This is a gentleman who epitomizes all of those qualities.”Russomanno said Russell is up to the challenge of defending the judiciary under fire.Presidential GoalsRussell outlined his plans, saying he has asked the Bar’s Legislation Committee, executive director, legislative staff, and outside governmental consultants to begin a comprehensive review of the Bar’s legislative programs and policies to “ensure that our ability to deal with state government is as effective as the law will permit.”Paired with that pledge to protect the independence of lawyers and judges, Russell said, is the sworn duty to keep the courthouse doors open to all who seek justice at a time when, despite the generosity and creativity of lawyers, legal aid organizations are forced to turn two out of three eligible persons away because of a lack of resources.“The legal system is ours to care for, and we must work tirelessly to ensure its availability to young and old, rich and poor, alike. We cannot successfully fight to maintain our exclusive stewardship of the legal system without such a commitment,” Russell said.“I am absolutely convinced that our profession’s tradition of public service is its first line of defense against political mischief. Our commitment to public service truly sets us apart from all other professions. Be ever mindful, however, it is not what we say we do, rather what we do, that makes the difference.”One of the first things Russell will do is sponsor a public service retreat focused on equal access to justice issues when the Board of Governors meets in Naples August 24-25.With The Florida Bar Foundation’s help, Russell said, “The Florida Bar will move forward with an ambitious legislative proposal to bring Florida in line with 39 other states in providing some measure of public assistance for civil legal services for the poor. We will ask the governor and the legislature for a $10-million annual budget allocation, and I am pleased to announce that I have secured both Senate and House sponsors for the initiative. With your help and the help of our 70,000 colleagues, we can accomplish this worthy goal.”Along with noble goals, Russell promised, “We won’t forget that our lawyers have to earn a living, and we will continue our strong commitment to helping them do that more efficiently.”A Technology Task Force will bring lawyers and judges the benefits of high-tech innovations. At the behest of the American Bar Association, the Bar will continue studying the multijurisdictional practice concept and will continue the work of the Commission on Multidisciplinary Practice and Ancillary Business.“Globalization and its effect on the modern day practice of law must be clearly understood and cannot be ignored by the organized bar,” Russell said.And with an additional grant from the BoG, the Commission on the Legal Needs of Children, chaired by 11th Judicial Circuit Judge Sandy Karlan, will continue its work.“The Florida Bar is justifiably proud of the important leadership role it has played in defining the legal rights and remedies of the most defenseless among us our children and we will finish that important task this year,” Russell said.Ribbing Russell The speech-making was not all serious, as long-time partner Carl Schuster, who hired young Russell in 1970, took a few good-natured jabs at Russell’s girth and hearty appetite when he introduced the Bar’s new president, while Russell’s wife Mary Kay and daughter Cristy joined in the laughter.“You can take the boy out of Jacksonville, but you can’t take the Jacksonville out of the boy,” Schuster said, of Russell’s hometown.On the serious side, Schuster listed Russell’s many accomplishments and dedicated service to the Bar.“Terry has certainly paid his dues to the Bar, and he certainly deserves the honor being bestowed upon him today as incoming president,” Schuster said.“Terry is absolutely goal-oriented.. . . His ultimate goal is to leave his surroundings a little better than they were when he arrived. Terry has never considered that any goal or task was beyond his reach or ability. He would always rather light a candle than curse the darkness. Now, today, Terry is becoming the president of the 70,000 lawyers of The Florida Bar.“This would be considered a mammoth undertaking to most ordinary human beings. But in Terry’s case, he certainly considered it a responsibility of his to provide leadership to The Florida Bar when this leadership was most needed to counteract the apparent desire of some members of the Florida Legislature to remove some of the Bar functions from the auspices of the Supreme Court and put it under control of a state agency. With President Russomanno’s leadership this year, and a great deal of help from Terry, and a great deal of help from a lot of other people, this attack was staved off this year. As president, Terry will probably again next legislative session have the same fight on his hands. We can have confidence that Terry will be strong-willed and tireless in maintaining the integrity of The Florida Bar.”Leaders Lauded Andy Leinoff, a Coral Gables lawyer, delivered a poignant introduction to Bar President-elect Tod Aronovitz, of Miami, his former law partner and dear friend he’s known since they graduated from the University Miami law school in 1974.Leinoff recounted how Aronovitz met his wife, Leslee, when she was a 15-year-old girl inviting him to a Sadie Hawkins dance. Before she passed away about a year ago, she told her husband that if he really wanted to be Bar president, to go for it, “but promise me you’ll be the best president the Bar has ever had.”With emotion filling his voice, Leinoff said that he knows Aronovitz will “keep his promise to his Sadie Hawkins sweetheart of 36 years ago.”Ed Rice introduced his wife, Liz, as president of the YLD, detailing her talents and accomplishments, both academic and athletic, since he first met her in Dade City at age 12. He’s watched her become who she is today, an accomplished commercial litigator, mother of two little girls, and loving and dedicated wife (“no easy task, I assure you, given her partner”).“But Liz wasn’t elected president because she’s a great mommy, because she’s a terrific wife, or because she’s an exceptional lawyer. She was elected because of her dedication and her service to the Bar. Over the last year, in her position as president-elect, she devoted over 700 hours of her time to this Bar and our profession. Liz, I’m proud of you. Your family is proud of you. And this Bar is lucky to have you in service,” Ed Rice said.Liz Rice told of an e-mail story with the simple words at the end that captured her attention: “Life is not measured by the number of breaths that we take, but rather by the moments that take our breath away.”“That stuck with me, and it also reminded me of one of the major accomplishments of this division this year. Through Stu Ratzan’s excellent leadership, the YLD adopted a Quality of Life resolution to memorialize our commitment to quality of life initiatives.”Rice said her goal for the next year is to use the award as a springboard to showcase law firms that have successfully implemented quality of life initiatives in order to help persuade other law firms to realize that balancing family life and professional life “does not detract from, but rather enhances, the bottom line for all of us.“Our value systems are changing, and if we are to keep pace with this fast-changing environment, the legal profession is going to have to address not only the quality of life issues, but diversity and gender sensitivity issues, as well. Who better than the YLD to lead us from an old to a new way? Our board exemplifies this very spirit of new thinking,” Rice said.“I am so proud to announce that our incoming board is reflective of our constituents’ commitment to diversity and gender sensitivity, not only in the profession, but in Bar leadership, as well. Our incoming board this year has 21 nearly half women; eight Hispanics or direct descendants, such as myself; and five African-Americans.“To show our commitment to diversity and gender sensitivity, our board also adopted this year a Diversity and Gender Sensitivity resolution and created an award to recognize law firms that not only promote diversity but have actually achieved a diverse workplace.” Rice and Roulhac When Rice introduced Juliet Rouhlac, next year’s YLD president, she said with a smile: “History is being made here today. For the first time in the 50-plus years of The Florida Bar, two women have been elected to lead the Bar’s YLD in two consecutive years. Second, for the first time in the history of the Bar, an African-American has been elected as president-elect.” “The students say this jurist is cool,” Lawrence said. “And the teachers say this jurist makes the law more fun than it ought to be.”In accepting the award, Justice Lewis said: “I am tremendously humbled. To be honored for what you love to do is a real blessing. I learned a long time ago that it’s not what we say about our children, but it’s what we do for them.” Russell takes office • Don Horn “in recognition of distinguished service to the legal profession, his outstanding leadership as a member of the BoG, the Citizens Forum and liaison to the Judicial Nominating Procedures Committee, and for his wise counsel and dedication to The Florida Bar for the benefit of all.” Horn receiving his award from Russomanno John Cardillo received the G. Kirk Haas Humanitarian Award that “recognizes the unique human qualities that all strive to attain but very few achieve. These include an abiding respect and caring for others, coupled with the ongoing demonstration of actual deeds of legal service with no reward beyond that of the deed itself.”The Claude Pepper Outstanding Government Lawyer Award went to Deborah Kearney, general counsel of the secretary of state, for her dedication to get an overwhelming job done during the presidential election contest.Noel Lawrence, chair of the Law Related Education Committee, presented the outstanding attorneys of the year award to Bobby Pickels, employee of Congressman Allen Boyd, who developed an exercise with the middle school program that used the role of a congressman in the lesson, and Laurie Chane, with Chane & Eble, who coached mock trial teams for many years and worked with the local high schools in organizing and developing local competitions. Lawrence presents award to Justice Lewis Outstanding judge of the year was presented to Justice Fred Lewis, who three to five times a month steps out of his black robe and into classrooms for his “Bill of Rights Rap,” reaching more than 15,000 students a year. Awards Aplenty Russomanno thanked outgoing YLD President Stuart Ratzan for his leadership, and said: “You’ve set an example in diversity initiatives, which we all embrace.”With that, Ratzan was given a standing ovation before he proceeded to hand out accolades to others.“Remarkably, one school won all three awards,” Ratzan said in presenting the YLD moot court awards of best team, best oralist (Richard Martin), and best brief to the Florida State University College of Law.The YLD presented the outstanding jurist award to 17th Judicial Circuit Judge Renee Goldenberg, which goes to a judge with “the finest credentials, finest demeanor, finest commitment to justice, and the finest respect for young lawyers practicing in the state of Florida.”The most productive young lawyer receiving the Lynn Futch Award went to Kelly O’Keefe, of Tallahassee, who is active in the Florida Association for Women Lawyers, coaches a high school moot court team, works as an intake attorney at a homeless shelter, and received 25 letters of support for her nomination.The YLD Most Significant Single Project for 2001 went to the Palm Beach County’s “Michelle Project,” for providing computers and printers to all 26 “independent living” foster care homes for children ages 16 or 17, who will most likely not be adopted. Lisa Small accepted the award.The first YLD Diversity Award was presented to the Miami law firm of Kozyak Tropin & Throckmorton, which Ratzan described as a firm that “has proven itself to be truly committed to the value of diversity and to see the richness that that brings.”The Quality of Life Award was given to Keane, Reese and Vesley of St. Petersburg. Russomanno presented President’s Awards of Merit to:• Vivian Hobbs “for her wisdom and counsel given during her service as a public member on the Board of Governors, for leadership as chair of the Citizens Forum, guardian of the Constitution and protector of judicial independence for the benefit of all citizens of the state of Florida.”• Manuel Morales, Jr., “in recognition of his distinguished service to the legal profession, his outstanding leadership during eight years of service on the Board of Governors, and for his wise counsel and dedication to The Florida Bar which has benefitted all lawyers.”“I know people refer to my baseball analogies,” Russomanno said, “but this individual had a streak of 48 in a row,” never missing a single BoG meeting in eight years of service.
13SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: Jentry MillerWe recently came back from the CUNA Marketing and Business Development Council Conference. And even though everyone knows “what happens in Vegas, stays in Vegas,” we decided that didn’t really apply to great marketing insights. Here’s one of our favorite conference takeaways, inspired by a breakout session with marketing professor Leigh Browning of West Texas A&M University.Your members don’t just want a relationship with you. They want a relationship EXPERIENCE.Think about the last time you went out to dinner with your spouse or significant other. Did you people watch at all? Of course you did. It’s always kind of fun to look at other couples and try to figure out what stage of their relationship they’re in. That nervous twosome? Totally a blind date. The couple that really ought to get a room? Newlyweds. The table over there with both people checking their phones or otherwise oblivious to their dining companion except when they need something? They’ve been in their relationship for a while. And unfortunately, they’re probably the best proxy for your credit union’s relationship with its members.So what’s a relationship experience? Putting the phone on silence and putting everything on hold for that other person – your member. It’s about creating moments that are centered on them, not about you. continue reading »
In April 2016, NCUA’s Office of Small Credit Union Initiatives published a letter addressing a segment of the American population to whom the Consumer Financial Protection Bureau (CFPB) refers to as “Credit Invisibles” (CI). “Credit Invisibles” are typically consumers with documented credit histories so limited that they don’t have credit scores (with the big three national credit bureaus) or if they do have credit scores, they are inaccurate. The CFPB is concerned that “Credit Invisibles” are largely ignored by mainstream banking providers and therefore are missing out on financial opportunities typically afforded most consumers. According to NCUA’s paper, credit unions are potentially missing out on growth and revenue opportunities by not tapping into the “Credit Invisible” markets. NCUA goes on to point out in their paper that credit unions can help CI members by increasing their visibility in the traditional credit reporting system thus building good credit scores.The purpose of this article is to introduce credit union managers to the unique qualities of the “credit invisibles” marketplace, how their credit union might benefit by providing the CI with services, and what preparations need to be in place to serve “Credit Invisibles” successfully.According the CFPB, there are 26 million U.S. adults who have no credit history with the three national credit bureaus: TransUnion, Experian, and Equifax. These are the CI and since they have no credit histories they have no credit scores in the traditional sense. CFPB goes on to explain that many CI consumers do use credit in the form of rent payments, insurance premiums, utility payments, and so forth. Often, payments to these non-banking service providers are current. If their payment history was being tracked, many CI consumers would otherwise be considered good credit risks.Roughly one out of ten U.S adults has no credit history with one of the three national credit bureaus. These are the “Credit Invisibles” and according to the CFPB they typically share some common traits: (1) often they live in low income neighborhoods; (2) they are more likely to be Black or Hispanic; and (3) they usually are very young adults (over 18 and under 25). We should recognize that some “Credit Invisibles” are “invisible” by choice – preferring to perform their financial transactions on a primarily cash basis. Others may have no other choice than paying bills using cash only.There are distinctions between “Credit Invisibles”, “non-prime borrowers” and “subprime borrowers”. While the CI consumer does not have a credit score, non-prime borrowers do have scores. “Non-prime borrowers” are not “prime borrowers” (low risk of default), however, and are considered potentially riskier than prime borrowers. Subprime borrowers have low credit scores and weak credit histories and are considered significant credit risks. Credit scores are calculated by traditional credit bureaus who usually assign a three-digit score using mathematical formulas measuring the statistical probability of a consumer defaulting on their loans. Most lenders rely on credit scores in their loan pricing and/or loan approval processes. Other businesses such as insurance companies and landlords may also depend on credit scores. Statistically, credit scores have been found to be the best predictor of borrowers’ propensity to default on their loans.According to NCUA, credit unions have a potential new source for loan and membership growth by serving the 26 million CI consumers. Besides income and growth, a credit union could benefit from positive public relations in its community as a result of helping the underserved.To be sure, however, getting into a new market which includes consumers who don’t have traditional credit scores comes with risks. NCUA notes that these risks include:A higher probability of loan lossesHigher liquidity risk as loan portfolios grow in relation to liquid investmentsMore compliance risk since there is a good chance that more disclosures will need to be issued to the CIGreater strategic risk in that growth goals, earnings goals, loan loss goals, etc. may be missed resulting in a negative perception of the credit union and/or its managementThe April 2016 paper issued by the NCUA Office of Small Credit Union Initiatives goes on to offer suggestions as to how a credit union could mitigate risks when beginning to expand into the CI market. These risk-reducing suggestions include:Establishing policies and procedures that specifically address CI borrowersStarting CI members with small loans initially and moving borrowers into larger loans as their payment histories allowEstablishing a plan as to how the CI expansion program will be approached and managedEstablishing objectives to be accomplished by serving CIConsidering how CI loans will be priced taking into account the probable increase in operational costs and charge-offsEstablishing how much of a credit union’s net worth should be set aside for increased loan losses specific to the CI loan growthPlanning for staff training taking into account a different approach to loan approval and management methods specific to CI borrowersAssuring the CI loan portfolio is isolated and monitored with greater oversight than traditional loan portfoliosEstablishing loan applicant evaluation methods that utilize information other than traditional credit scoresMaking sure loan delinquency reports are able to spot problem loans quickly and that robust collection methods are establishedThe April 2016 paper issued by the NCUA Office of Small Credit Union Initiatives contains a plethora of useful information that most credit unions will find helpful if they decide to pursue the “Credit Invisibles” market.Credit unions looking to pursue the CI market may want to join the National Federation for Community Development Credit Unions. The Federation is a valuable resource for credit unions, particularly those who are involved with serving “underserved” members.There are additional risk-mitigation processes credit union managers should implement in addition to those suggested by NCUA in its April 2016 paper to assure success with existing or new lending programs. These include having in place stochastically derived and statistically validated risk management tools such as:Risk Based Loan Pricing (RBLP) that prices loans by credit grade, loan type, payment durations, and so forth. Efficacious RBLP systems take into account a credit union’s unique operational expenses, its collection and charge off costs and its cost of funds. Certainly credit unions can potentially improve loan income by expanding into the “Credit Invisible” market. Credit unions can also improve profitability by expanding more into the non-prime lending market place so long as they are using a stochastically developed RBLP model.Credit Migration (CM) modeling that tracks and reports movements in borrowers’ credit scores broken out by individual loans, credit grade sectors, loan pools, etc. Better CM models will expose problem loans long before traditional delinquency reports. The most effective Credit Migration tools will integrate with a credit union’s ALLL placement processes.Concentration Risk policy to establish loan portfolio limits. Every credit union should have policies in place reflecting how much of their total loan portfolio will be allocated to different types of loans and credit grades. Concentration Risk policies should be revisited annually and adjusted to reflect new objectives.Asset Liability Management Modeling (ALM) that is practical and usable for long-term planning and managing Interest Rate Risk. Not all ALM models are the same, however. This author has found that Earnings at Risk as opposed to Net Economic Value is a far better method for forecasting how earnings/equity will be impacted when interest rates shift in one direction or another.Delinquent Loan Tracking Report (DLT) that tracks movement of individual past-due loans from one “aging silo” to another. A DLT allows management to know which individual delinquent loans are improving or worsening month by month. This report also provides totals for each aging silo so managers can see if the overall delinquency picture is improving or worsening and why. This report provides a quick picture as to the performance of loan and collection staff and weaknesses in the collection process.In summary:Lending to the “Credit Invisibles” is one way for a credit union to grow and generate incremental revenue. Caution, careful management and using the right modeling resources is mandatory, however, to assure that outcomes are what boards and managers had intended. 19SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Dennis Child Dennis Child is a 40 year veteran credit union CEO recently retired. He has been associated with TCT for 25 years. Today, Dennis enjoys providing solutions and training for credit … Web: tctconsult.com Details
Today, Airbnb offers over 6 million units of private accommodation worldwide, and such acquisitions will only strengthen their dominance in the online travel market. “We created HotelTonight knowing that people need a better way to book hotel accommodation and we are excited to partner with Airbnb to provide this service to guests around the world. HotelTonight and Airbnb can provide guests with more choices, and the world’s best boutique and independent partner hotels to help connect with guests”, Said Sam Shank, co-founder and CEO of Hotel Tonight. The acquisition of HotelTonight will surely accelerate Airbnb’s work on building a comprehensive travel platform that is at everyone’s service. People who use Airbnb find it easier to find a last-minute stay when the other hosts are already busy. The availability of a boutique hotel, with private rooms and entire houses that can be booked immediately, ensures an authentic, high-quality stay available last minute. HotelTonight.com Also, the acquisition meets the huge demand from and for boutique hotels. In 2018, Airbnb doubled the number of rooms within the boutique hotel. “A big part of building a comprehensive travel platform is to serve every guest, whether planning a trip a year or a day in advance. Working with an amazing team at HotelTonight, we will offer guests an unparalleled last-minute travel experience that provides unique and unforgettable hospitality on any trip, at any time.Said Brian Chesky, co-founder, CEO and community leader of Airbnb. Airbnb, one of the leading private accommodation rental services, has announced that it has taken over the HotelTonight app. Namely, it is an application that helps users find last-minute discounts for hotels.
Advertisement Comment Crystal Palace will hold out for £80m for Zaha (Picture: Getty)An £80m asking price is likely to deter both Arsenal and Tottenham, with Emery having just £45m to spend this summer.Emery is considering offloading a number of players, including Mesut Ozil, in a bid to raise further funds.Zaha is under contract with the Eagles until 2023 and scored ten goals in 34 Premier League appearanceslast season, providing another ten assists in those games.MORE: Arsenal in competition with Barcelona over the signature of AS Nancy teenager Bilel Hassaini Crystal Palace to demand £80m for Arsenal transfer target Wilfried Zaha Coral BarryTuesday 25 Jun 2019 1:23 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link589Shares Arsenal and Spurs are interested in Zaha (Picture: Getty)Crystal Palace will demand £80million for Wilfried Zaha, according to reports.Zaha has made it clear that he wants to leave Palace, but Aaron Wan-Bissaka’s impending exit is set to complicate matters for the attacker.Palace do not want to sell Wan-Bissaka and Zaha in the same window and Manchester United are closing in on a £60m deal for the right-back.The Evening Standard claim Zaha may be forced to stay at the club amid interest from Arsenal and Tottenham.ADVERTISEMENT Advertisement Zaha was Palace’s stand-out creative force last season (Picture: Getty)Unai Emery has requested further cash from the Arsenal board to fund a big-money move for Zaha.Zaha is currently at the Africa Cup of Nations with the Ivory Coast and will delay a decision on his future until after the tournament.AdvertisementAdvertisementBut the 26-year-old could now return to a club reluctant to grant his transfer request.
Since its opening in December 2016, Qatar’s Hamad Port has been on a growth trajectory, with monthly volumes increasing by more than twofold, the port’s figures show.Namely, within 14 months since the start of operations, Hamad’s monthly volumes grew from an average of just over 41,000 TEUs per month to 105,000 TEUs per month.The USD 7.4 billion port, located 40 km south of Doha, is the largest of its kind in the Middle East. It has been described as the key element of Qatar National Vision 2030, a roadmap for the country’s economic growth.The very start of the operations saw all container terminal operations from the Port of Doha transferred to Hamad.In its first phase, the port is capable of handling 2 million TEUs annually, which is sheduled to rise to 7.5 million TEUs upon scheduled completion in 2020.Mr. Neville Bissett, CEO of QTerminalsIn his first international interview, Mr. Neville Bissett, CEO of QTerminals, a company set up by Qatar Navigation (Milaha) and Qatar Ports Management Company (Mwani Qatar) to manage the port, spoke about the main drivers of the port’s growth as well as the goals for its future development.Bissett was appointed as the company’s first CEO in November 2017, shortly after the port’s official inauguration.His appointment came in the wake of the sanctions imposed by the UAE and other Arab states on Qatar, blocking the country’s air, sea, and land border connections.Impact of the Gulf CrisisQatar used the diplomatic fallout to bolster the role of Hamad Port as its maritime hub, helping the country directly import goods from China and Oman instead of transhipping them via Dubai.What is more, the Gulf crisis also resulted in Hamad strengthening its maritime links to other regional ports, including two Omani ports, Sohar and Salalah, Turkish Derince port, Pakistani Port of Karachi and Indian ports of Mundra and Nhava Sheva.According to Bissett, the port benefitted from the land blockade, which forced shipments to Qatar to enter via Hamad Port.“The volumes of all types of cargo being handled at Hamad Port have significantly increased as a result of the blockade, where land borders have been sealed, and the vast majority of imports and exports must come in or go out by sea, and to a much lesser extent by air. At the current monthly throughput rate, QTerminals is set to cross the 2 millionth TEU throughput milestone before the end of 2018, with most of the throughput being gateway cargo,” he explained.Qatar’s economy was unfazed by the political crisis, with the country’s GDP forecasted to rise to 3.9 pct in 2019, demonstrating increasing market confidence and continuing infrastructure investment, Bissett pointed out.“The blockade has not affected Qatar’s consumption as all goods and services remain available in the local markets thanks to the fast and effective measures taken by the Qatari Government and the resilience of the business community in Qatar,” he noted.Port capacityHamad Port has the capacity to handle post-Panamax vessels and provides services to shipping giants such as Maersk, MSC, CMA-CGM, Hapag-Lloyd, COSCO, Evergreen, Hyundai, MOL, NYK, Yang Ming and PIL, as well as the 2M, the Ocean Alliance and THE Alliance.Milaha and major feeder operators, including Samudera, Tehama and Xpress Feeders, are also calling at the port.The largest vessel handled by Hamad so far is the 14,568 TEU COSCO Kilimanjaro“Our future target is to handle Ultra Large Container Vessels (ULCVs) of 21,000+ TEU capacity with a 400+ meters length overall and draft of up to 16 meters. Our equipment selection going forward will be based on these minimum specifications,” Bissett added.“Larger ships have already started calling at Hamad Port, and QTerminals now handles 5 mainline services per week, which is a significant achievement considering that these services previously only called at Lower Gulf hub ports. Hamad Port has the infrastructure and the appropriate equipment to handle the next generation of vessels, and QTerminals has now put in place sufficient incentives – outstanding service delivery, superior productivity — for the mainline vessels to continue calling at Hamad Port,” he said.The port also handles break-bulk, project cargo, bulk, RORO, livestock cargoes and offshore supply vessels.“Since Hamad Port’s start of operations in 2016, we have handled 1.95 million tons of general cargo and almost 80,000 vehicles (RORO). With the dedicated multi-user and offshore supply services terminals due to open, we see significant potential in non-containerized cargo.”One-Millionth TEUJust last month, Hamad Port and QTerminals celebrated handling one millionth TEU in only 14 months of operations.“I believe this achievement is not only a reflection of our efforts but also of our ambitions to grow at a fast yet sustainable rate,” Bissett said.“Our key objectives are to continue to operate safely, improve productivity, offer value-added services, and grow the business in a structured and sustainable way. Investments are planned in the Container Terminal and General Cargo Terminals, the Multi-User Terminal (RORO & Livestock) and the Offshore Supply Terminal. These investments are necessary to ensure Hamad Port is well-positioned for future growth.”“A port community system is under development, which will provide a common, secure platform for port transactions to all port users. We are also positioning Hamad Port as a transshipment hub for the Upper Gulf region.”On a personal noteWhen asked about the experiences since he was named QTerminals’ CEO in November 2017, Bissett said “it has been an exciting journey” so far.“The blockade was just weeks old and the resulting impact on trade had to be confronted and resolved very quickly. At the time, we were taking over operations of the new port and terminal and we were very conscious of the fact that Hamad Port suddenly became the only gateway to Qatar. A management team had to be selected and over 1,000 staff phased in to operate the port 24/7,” he commented.The team managed to keep the port’s operations uninterrupted in cooperation with the Port Authority and other stakeholders and partners.The highest number of TEUs handled on a single vessel is 7,761 TEU on Maersk Saroja Tiga“Going forward, our vision and strategy for QTerminals is to position Hamad Port as our flagship port/terminal and our benchmark. With a focus on employing and retaining the brightest talents, QTerminals aims to be, within three years, the best terminal operator in the region in terms of overall quality of service and client satisfaction. Its long term vision is to be recognized internationally as the most reliable terminal operator and an enabler for the economic growth of Qatar,” Bissett said.Diversifying and expanding trading partner numbers has been identified as a key priority for Qatar’s economy and trade.QTerminals CEO said this was the reason the company was continuously working to forge new trading partnerships with other regions of the world and secure new sources and supply lines for Qatar.“On the other hand, Qatar’s growing exports are also finding their way to new markets. This demand and new opportunities are being created through access to new trade lanes, with a much farther reach than ever before. “The domestic demand for imported goods will remain stable and will keep growing organically. Qatar’s export products (downstream petroleum products) are priced very competitively and will continue to compete well regionally and globally,” he concluded.Interview conducted by Jasmina Ovcina Mandra, Editor, World Maritime News; Image Courtesy: QTerminals
Spurs have missed just one penalty, while Kane is the 11th deadliest player in the top flight from 12 yards this term having converted two penalties. Mourinho, of course, spent just over two years in charge of United and managed many of the players who have benefited from the club’s penalty glut this term – but how did their fortune compare from 12 yards under their former boss? In his first season at Old Trafford, back in 2016-17, United won just four penalties, scoring three and missing one, leaving them in 13th place in the Premier League penalty table. That same season, Bournemouth (10), Spurs (9), City (9), Liverpool (8) and Palace (7) were the five teams to win the most penalties in the top flight. read also: In Mourinho’s second season at United, his side were similarly unfortunate. They were awarded just three penalties all season and missed two of them, leaving them with a terrible conversion rate of just 33 percent. Crystal Palace (10), Everton, (8), Manchester City (8), Brighton (7) and Watford (6), were the five teams to win the most penalties in the top flight. Only City went on to win silverware, though those penalties did help Watford and Brighton to secure their Premier League status. FacebookTwitterWhatsAppEmail分享 Tottenham Hotspurs manager, Jose Mourinho, has taken yet another swipe at Manchester United’s penalty record this season – and statistics show he may well have a point. Mourinho has repeatedly suggested United have benefitted from favourable refereeing decisions, leading to the awarding of a considerable number of penalties. The Special One says Bruno Fernandes has proven himself to be a good penalty taker, but only because he ‘has about 20 to take’ rather than his calmness and technique from 12 yards. United have won a staggering 14 penalties this term – that’s more than any other club in a Premier League season and three more than Manchester City’s total of 11. Ole Gunnar Solskjaer’s side have also made the most of their good fortune, having converted 10 of their 14 pens, giving them a conversion rate of 71 percent. All 10 of those spot-kicks have been scored by Marcus Rashford (6) and Fernandes (4), with Rashford top of the penalty scoring charts this term and the Portuguese playmaker two places behind. In comparison, Mourinho’s Spurs are well down the Premier League penalty table, with the club having been awarded just four all season – though that tally is still the eighth best in the division.Advertisement Loading… Promoted ContentBest Car Manufacturers In The WorldBirds Enjoy Living In A Gallery Space Created For Them9 Facts You Should Know Before Getting A Tattoo5 Of The World’s Most Unique Theme ParksThis Guy Photoshopped Himself Into Celeb Pics And It’s Hysterical7 Ways To Understand Your Girlfriend Better2020 Tattoo Trends: Here’s What You’ll See This YearThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime7 Universities Where Getting An Education Costs A Hefty PennyWhich Country Is The Most Romantic In The World?11 Most Immersive Game To Play On Your Table Top
Statewide—Governor Eric J. Holcomb has announced that Indiana small businesses are eligible for financial assistance under a disaster designation by the U.S. Small Business Administration.This declaration is in response to a formal request Gov. Holcomb submitted with the SBA on Tuesday, seeking assistance through the organization’s Economic Injury Disaster Loan program for small businesses impacted by the COVID-19 outbreak in Indiana.“Small businesses play a critical role in driving Indiana’s economy forward, with more than 512,000 employing 1.2 million Hoosiers across the state,” Gov. Holcomb said. “These disaster loans will provide much needed financial support to small business owners who are weathering the impact of the coronavirus outbreak.”Under the program, small businesses, small agricultural cooperatives, and nonprofits across the state are eligible to apply for low-interest loans up to $2 million to help overcome the temporary loss of revenue due to the COVID-19 outbreak. These loans may be used to pay fixed debts, payroll, accounts payable and other bills incurred during this public health emergency. The loan interest rates for small businesses and nonprofits are 3.75% and 2.75%, respectively, with terms up to 30 years.To qualify for disaster loans, applicants must demonstrate credit history, the ability to repay the loan, and proof of physical presence in Indiana and working capital losses. Additionally, the Indiana Small Business Development Center, which has 10 regional offices throughout the state, will provide free business advising and application assistance for small businesses impacted by the COVID-19 outbreak.To apply for loans or receive more information about the Economic Injury Disaster Loan program, visit SBA.gov/Disaster. Contact 1-800-659-2955 or firstname.lastname@example.org with additional questions. The deadline to apply for the disaster loans is Dec. 18, 2020.
Joseph J. “Joe” Harp, 51, Osgood, passed away on Thursday, September 10, 2020 at his residence. Born, August 5, 1969 in Franklin, Indiana, he was the son of Roy and Edna Marie (Wilmer) Harp. Joe graduated from Jac-Cen-Del High School. He worked at Valeo in Greensburg. He was a huge Cincinnati Reds fan. He also a fan of the Cincinnati Bengals, Indiana Pacers, and the WWE. He was an animal lover. He was a member of the St. John’s Catholic Church in Osgood. He is survived by one brother and sister-in-law, Michael (Laura) Harp, Lake Santee; niece and nephew, Melanie and Aaron Harp. He was preceded in death by his parents. Graveside services will be held on Monday, September 14, 2020 at the Immaculate Conception Catholic Cemetery in Millhousen with Sr. Shirley Gerth officiating. Memorials may be made to the Ripley County Humane Society. Online condolences can be made to the family at www.popfuneralhome.com
RelatedPosts Rohr lists Musa, Ekong, 23 others for Cote d’Ivoire, Tunisia friendlies Rohr: Osimhen’ll join a big club Rohr holds virtual meeting with Super Eagles Assistants Super Eagles manager, Gernot Rohr, has lost his aged mother, madam Elizabeth Rohr. The late mother of the footballer, according to the official Twitter handle of the Nigeria Football Federation, @theNFF, died at the ripe age of 97. “We commiserate with @NGSuperEagles Head coach, Mr Gernot Rohr who just lost his mother Madam Elisabeth Rohr. She was 97. May her soul rest in peace,” the football house tweeted. Rohr guided the senior national team to a pulsating 2-2 draw against Ukraine in Tuesday’s international friendly game at the Dnipro Arena.Tags: Dnipro ArenaElizabeth RohrGernot Rohr