Governor Douglas vetoes Vermont Yankee decommissioning bill

first_imgGovernor Jim Douglas today issued a veto of H436, An Act Relating to Decommissioning Funds of Nuclear Energy Generation Plants. The legislation sought to guarantee that Vermont Yankee owner Entergy Corp ensure that it would have sufficient funds to close up the plant once it stops producing electricity. Entergy had counted on investments to cover the cost, but the stock market retraction has resulted in those funds suffering. The original license expires in 2012.Entergy has applied to extend the license to 2032. Legislative leaders have vowed not to approve the license extension until Entergy offers a power contract. A new contract was expected last March. The Public Service Board, which must also approve the license extension, recently began hearings on it.The governor is concerned, however, that forcing Entergy to set aside sufficient founds immediately upon decommissioning would result in the company raising electric rates to cover the costs. Many Vermonters are struggling as a result of the current recession and all are facing pressure from rising costs, said Governor Douglas.  While I do believe there are opportunities for operational improvements at Vermont Yankee, this legislation does nothing to increase protections for Vermonters, ratepayers or our state s economy.  Rather, H.436 threatens our economic recovery by unnecessarily increasing electric rates for consumers and businesses.  Further, this legislation substitutes an objective process with political calculations, it breaks a promise made by the state of Vermont to a private entity and it exposes taxpayers to certain litigation.In his four-page statement sent to the Clerk of the House, Douglas went on to say, “It is clear that Vermont Yankee will eventually be decommissioned, whether in 2012 or afterward. How it is decommissioned is a question of great importance. This legislation’s approach is to extract money in any way possible, creating a hostile business environment. I propose that we work together constructively, observe our own laws and procedures, and design a balanced solution that allows for all parties to benefit.The full text of the Governor s statement is attached. AttachmentSize Yankee Decommissioning Veto Message.pdf2.34 MBlast_img read more

Spain Charges 13 Over ETA-FARC Plot To Kill Colombian President

first_img “More recently” Uribe was also added to that list, the ruling said. The judge charged six suspected members of ETA and seven members of FARC in connection with the plot. Judge Eloy Velasco also charged Venezuelan government cooperated in the plot, according to a copy of his ruling. The judge charged Fontan and two FARC members, Edgar Gustavo Navarro Morales and Victor Ramon Vargas Salazar, with conspiracy to commit terrorist murders. The FARC member reported that “it would not be difficult to carry out an attack on those two targets as long as they could count on the help of ETA,” the ruling said. ETA, which figures on several terrorist blacklists, including those of the European Union and the United States, is blamed for 828 deaths in its 41-year campaign for independence in the Basque region of northern Spain and southwestern France. Fontan was in charge of ETA operations “in this part of Latin America since 1999” and “coordinated relations between FARC and ETA and the participation of ETA members in courses on explosives and urban guerrilla warfare,” Velasco said. He said a member of the Revolutionary Armed Forces of Colombia (FARC) had carried out surveillance on the Colombian embassy in Madrid and the routes taken by former Colombian president Andres Pastrana, who lives in Spain. By Dialogo March 01, 2010 Charging that it was the target of the deal, Venezuela retaliated by freezing ties with Colombia. Simmering tensions between Bogota and Caracas have sharpened since Colombia signed an agreement with Washington last year granting the US military access to bases on its territory for counter-drug and counter-insurgency operations. The FARC therefore asked ETA to follow Pastrana, as well as the former ambassador to Spain Noemi Sanin, current Vice President Francisco Santos, the former mayor of Bogota Antanas Mockus “with the aim of assassinating one of them when they were in Spain.” Among those charged was ETA member Arturo Cubillas Fontan, who was named to a post in Venezuela’s agriculture ministry in 2005 and whose Venezuelan wife, Goizeder Odriozola Lataillade, is an official in the government of President Hugo Chavez. Uribe has rejected a political dialogue with the FARC, which has battled the government in Bogota for 45 years. A Spanish judge Monday charged 13 members of the Basque separatist group ETA and the Colombian rebel group FARC over a plot to assassinate Colombian officials, including President Alvaro Uribe. last_img read more

Colombia Earns Fuerzas Comando 2012 Championship Title

first_img After eight long days of strenuous and arduous tasks, Exercise Fuerzas Comando came to an end during the final closing ceremony June 14. For the fifth time in the history of the exercise, Colombia earned the coveted title of Champion. Ecuador took second place and Uruguay took third place. Established in 2004, Fuerzas Comando is a U.S. Southern Command-sponsored special operations forces skills competition and senior leader seminar, which is conducted annually in the Western Hemisphere. This year, Fuerzas Comando was sponsored by the Colombian Army and held at the Colombian National Training Center at Fort Tolemaida. Special Operations Command South serves as the U.S. execution agent for the exercise. The Colombian Minister of Defense, Juan Carlos Pinzon Bueno, kicked off Fuerzas Comando 2012 with an inspirational speech to the troops and special operations forces with words that specifically recognized the multinational cooperation between all the participants. “I am glad to welcome many countries who are friends of Colombia today; countries that have contributed not only to our training, but have also helped us counter the threats facing our nation,” said Pinzon. This year’s competition consisted of military and police forces from 21 countries: the Bahamas, Belize, Brazil, Canada, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Guyana, Honduras, Jamaica, Mexico, Panama, Paraguay, Peru, Trinidad and Tobago, the United States and Uruguay. “Invitations are sent to partner nations in the U.S. Southern Command’s and U.S. Northern Command’s area of responsibility,” said U.S. Navy Cmdr. Dale W. Bopp, lead planner for SOCSOUTH’s Joint Training and Exercise section “The 21 countries participating this year, eagerly accepted the invitation to participate in the events.” Nations participating in the competition provided a judge, a five-person ‘assault’ team and a two–person sniper team to compete in this spirit of camaraderie. The eight-day contest provided the toughest mental and physical test of special operations skills, tactics, techniques and procedures, which included aquatic, strength, and conditioning contests principally employed in special operations missions. “The team leaders of today who compete amongst each other may very well be the same individuals who return years later to take part in the Distinguished Visitor Program and Senior Leader Seminar, not as competitors, but as partners,” said Bopp. “With that, we can utilize the friendships forged years ago to meet the challenges of the day.” Exercise Fuerzas Comando 2012 spanned eight days of intense competition. The events included a physical fitness event, rifle and pistol qualifications, distance and FBI “T” shoot, sniper stalk, road march, critical tasks, snaps and movers, a field shoot, obstacle course, combined assault, aquatic event, stress tests, and night shoots. There was also an multinational airborne operation on the last day, which is not an annual competition, but incorporated to help build upon the friendships that were forged throughout the exercise. “The focus of these competitions is to test the abilities of special forces soldiers. The participants will be tested on things like marksmanship and physical fitness, which are an important part of the training for any special forces soldier,” said Colombian Lt. Col. Juan Carlos Vargas Carvajal, operations officer for the Colombian Joint Special Forces Command and officer-in-charge for the Fuerzas Comando 2012 events. “After eight days of competition, the participants are physically exhausted,” said Maj. Juan Carlos Blanco of the Colombian Army. “This event really puts to the test the competitors’ physical and mental condition.” Another main aspect of Fuerzas Comando was the Senior Leaders Seminar, which was held in Bogota. The seminar is designed for military leaders to exchange ideas and to improve military-to-military relations and discuss regional issues, such as countering transnational organized crime. “Fuerzas Comando is an important opportunity for us to demonstrate the role the U.S. plays in linking special operations forces in the region and improving our capabilities and sharing ideas on how to face common threats like dangerous non-state actors,” said Navy Rear Adm. Thomas L. Brown, Commander, Special Operations Command South. The 9th annual Fuerzas Comando event was aimed at enhancing training and strengthening regional and multinational cooperation, mutual trust, readiness and interoperability of special operations forces in the region. “At the end of the day, especially in special operations, it’s all about relationships and trust and confidence and understanding each other’s perspective and situation,” said Brown. “It’s all about those relationships and knowing enough about each other to know where the areas of cooperation are that we need to reinforce.” The airborne operation signaled the end of the competition. One paratrooper from Special Operations Command South, jumped for the first time since graduating from airborne school. “It was an awesome experience, especially jumping from the back of the bird,” said Sgt. Samuel Diaz. “The view was great!” Exercise Fuerzas Comando 2013 is scheduled to take place in Chile next summer. By Dialogo July 10, 2012last_img read more

The credit union business model… making dreams come true

first_imgMaking dreams come true sounds more like the tag line to a theme park experience and not the end product from financial cooperatives.But it is the truthMembers join credit unions in search of ways of achieving their dreams. These dreams vary in size and scope. Some are basic dreams, of having enough money to stop living from paycheck to paycheck. Other dreams include home ownership, college tuition, dream wedding, a once in a lifetime cruise and also retirement.And yes the method that credit unions use to fulfill dreams come in the form of standard loan and deposit products. However, it is the unique way these common financial instruments are used by skilled credit union employees to help bring dreams to reality that elevate credit unions from other financial institutions.Credit unions help bring these dreams to fruition every day because they are financial cooperatives that were founded on the following seven cooperative principles:Voluntary MembershipDemocratic Member ControlMember’s Economic ParticipationAutonomy and independenceEducation, Training and InformationCooperation among CooperativesConcern for communityThe cooperative principles make credit unions unique in both their market place position, but also in their philosophy to providing deposits and loans to its members.Credit unions are the ONLY financial institutions that were founded on cooperative principles. This is important enough to repeat that; credit unions are the ONLY financial institutions with 7 cooperative principles as its foundation and driving force. This is the credit union difference. The cooperative principles provide a different lens for credit unions to look at their users. Credit unions see their member as a person with a dream, rather than a FICO score. This is clear in the credit union lending process. Credit unions in general look at many facets about the member to help them make their dreams come true.If you want an example of how credit unions achieve this, ask anyone who works in a credit union for the reason why they do what they do.Here is my story that I tell when I am describing the credit union difference.A member came to the branch upset from the news that they found out that they needed $100 monthly medication for a condition they were recently diagnosed for. The member was tremendously upset, as they had no idea where they were going to find the money.The branch manager reviewed the member’s account and quickly identified several ways that they could help the member get $100 for the medication as well as another $100. The member burst into tears of appreciation when the solution was presented.   The member said “ I didn’t know you could do that!” and the branch manager simply said, “That is what we do.”That is the 7 cooperative principles in action helping to create member dreams. 16SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Anne Legg Anne Legg, founder and principal of THRIVETM Strategic Services THRIVE works with credit unions to develop transformational business strategies from their business insights to grow in a competitive, highly regulated … Web: Detailslast_img read more

Tampa credit unions in legal fight over stolen member data, other trade secrets

first_img continue reading » Grow Financial FCU in Tampa has filed suit in federal court against GTE Financial, alleging a former employee conspired with GTE to steal private information from the credit union, including trade secrets and private member information.According to a copy of the complaint obtained by Credit Union Journal, former Grow Financial underwriting specialist Erica Pierson is accused of having copied and distributed confidential internal credit union documents and member information at the request of GTE. The distribution is said to have begun in August 2016 when – at the request of GTE AVP James Esner, himself a former Grow Financial manager and Pierson’s former supervisor – Pierson allegedly searched Grow Financial’s computer system for information on its lending strategy and internal loan application-processing procedures before sending those on to Esner “for implementation and use at GTE.”Pierson is alleged to have sent the documents from her Grow Financial email account to her personal account before sending them on to Esner at GTE. Soon after, Pierson is alleged to have sent a copy of the credit union’s Dealer Scorecard and other documents containing personally identifiable information on Grow Financial Members, market research, technology and IT information and more. 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

The David Luiz stat that will alarm Arsenal fans after 2-2 draw against Watford

first_imgThe David Luiz stat that will alarm Arsenal fans after 2-2 draw against Watford Metro Sport ReporterMonday 16 Sep 2019 9:48 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.3kShares Advertisement David Luiz brought down Roberto Pereyra with a clumsy challenge during Arsenal’s draw at Watford (Picture: Getty)Given just how poor Shkodran Mustafi’s performances were last season, Arsenal fans were happy to see the club sign a new central defender on the eve of new the campaign with David Luiz joining from Chelsea for £8m.Mustafi had been at fault for all three goals during a 3-2 defeat at Crystal Palace in April and that shambolic display was the point at which the majority of Arsenal supporters lost faith entirely with the World Cup-winning defender.Luiz has effectively replaced Mustafi in Unai Emery’s team, starting the club’s last four Premier League matches alongside Sokratis Papastathopolous, although it would be fair to say that the Brazilian has had an indifferent start to his Arsenal career.AdvertisementAdvertisementThe Gunners are yet to keep a clean sheet with Luiz in the side and have let in eight goals in total since he was partnered with Sokratis, including two against Watford during the entertaining 2-2 draw at Vicarage Road on Sunday.ADVERTISEMENT David Luiz has conceded two penalties already during his time at Arsenal (Picture: Getty)Sokratis was badly at fault for the first, sloppily gifting possession to Tom Cleverley to score from an Arsenal goal kick, before Luiz made an error for the second, clumsily bringing down Roberto Pereyra for a penalty.Pereyra dusted himself down and dispatched the spot-kick to level the scoreline and the incident meant that Luiz has now conceded two penalties in his opening four Arsenal matches, having also done so against Liverpool.That record looks even worse when you consider that he only conceded three penalties in 160 Premier League games for his former club Chelsea, a statistic that will no doubt alarm Arsenal supporters.David Luiz:3 penalties conceded in 160 PL games for Chelsea2 penalties conceded in 4 PL games for Arsenal Laurel, meet Hardy.— Duncan Alexander (@oilysailor) September 15, 2019center_img Advertisement Comment Although Arsenal look formidable in attack with Pierre-Emerick Aubameyang helping himself to a double at Vicarage Road, their defensive vulnerabilities certainly remain and Emery has a job on his hands to tighten things up.It would certainly help his cause if Luiz could stop conceding penalties at a rate of one every two games…More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenallast_img read more

Gov. and First Lady Wolf Offer Condolences on the Loss of Ruth Bader Ginsburg

first_img First Lady Frances Wolf,  Press Release,  Statement Governor Tom Wolf and First Lady Frances Wolf released the following statement following the loss of Justice Ruth Bader Ginsburg:“Frances and I offer our sincerest condolences to the family of Justice Ruth Bader Ginsburg. Justice Ginsburg was a truly remarkable figure in American history, as both a tireless defender of the Constitution, and as a pioneer for gender equality. Justice Ginsburg’s historic opinions from the bench broke down barriers for women and protected the vulnerable.“Her contributions to our country cannot be overstated. Justice Ginsburg’s life and career have made America a more fair and equitable place. She was a tireless pioneer and made monumental and lasting contributions on issues such as gender equality, a woman’s right to choose, voting rights, immigration, health care and affirmative action. Justice Ginsburg never shied away from standing out by standing up for civil rights and equal protections.“We join the country in mourning the passing of Justice Ginsburg.” Gov. and First Lady Wolf Offer Condolences on the Loss of Ruth Bader Ginsburg September 18, 2020center_img SHARE Email Facebook Twitterlast_img read more

AGI’s Dilworth to join Deutsche asset management business

first_imgHe was later promoted to chief executive for Europe, once Elizabeth Corley was named the company’s global head.In his time in the industry, he has also worked at Goldman Sachs Asset ManagementFaissola said: “We are delighted a leader of James’s standing in the industry has chosen to join us.“With his roots in both the US and Germany, his international experience and his outstanding track record, James has the background and skills to help us deliver our platinum aspiration.”Dilworth replaces Wolfgang Matis, who retired as head of the €490bn active asset management in June.AGI said Dilworth’s departure was by mutual agreement and thanked him for his “significant contribution” in integrating AGI’s European business.“As envisaged in our governance procedures, George McKay, global chief operating officer, will assume the responsibilities on an interim basis,” AGI said in a statement.“We will announce the succession in due course.”McKay joined the company in 2006 as head of Asia-Pacific, and has worked at Mellon Bank and JP Morgan Fleming Asset Management. James Dilworth, European chief executive at Allianz Global Investors (AGI), has left the asset manager to join €934bn rival Deutsche Asset and Wealth Management (DeAWM).Dilworth, who left AGI with immediate effect, is likely to take up his new position as head of DeAWM’s active asset management early next year, subject to approval from Germany’s regulator.His new role will also see him become chief executive of Deutsche Asset and Wealth Management Investment and join the manager’s executive committee, reporting to Michele Faissola, current head of DeAWM.Dilworth has been with AGI since 2009, joining at the time from Morgan Stanley Investment Management.last_img read more

Dutch Investment Institution unveils first funds for SMEs

first_imgThe Dutch Investment Institution (NLII) has launched its first propositions for local corporate financing for institutional investors. It said it expected its new investment funds for subordinated loans (ALF) and corporate loans (BLF) to initially attract €300m and €500m, respectively, to finance small and medium-sized companies in the Netherlands.The NLII estimated that the new funds would open up €2bn in financing capacity over the next three years.More than 50% of the funds’ initial target has already been committed by institutional investors, including the €60bn metal scheme PMT and the €20bn pension fund for the printing industry, PGB. The pension funds have committed €100m in total to the BLF.Both funds will begin issuing corporate loans over the summer, according to the NLII.It added that ABN Amro, ING and Rabobank were to act as intermediaries.The BLF is the former NL Ondernemingsfonds, launched initially by exchange company Euronext and asset manager Robeco.It is to issue loans of between €5m and €25m, which could be doubled by the bank involved.The ALF is to issue subordinated loans of between €150,000 and €5m to “healthy firms that could otherwise not get bank credit”.Banks are committed to at least double a subordinated loan, which has a 50% guarantee from the Dutch government.The NLII is meant to act as an intermediary to increase the long-term options for institutional players to invest in the Dutch economy.It is to take stock of the demand for projects and financing needs and mould propositions into the appropriate scale, structure and risk/return profile for institutional investors, it said.The investment institution – headed by industry veteran Loek Sibbing – has developed its propositions together with institutional investors, banks, Aegon Asset Management and Robeco, as well as the Ministry for Economic Affairs.Sibbing said the NLII expected to launch investment propositions for sustainable energy and housing, infrastructure and schools at a later stage.The NLII also announced the appointment of Rein Willems and Jan van Rutte as members of its supervisory board, with Willems in the role of chairman.Willems was chief executive at Royal Dutch Shell from 2003 to 2007 and is currently chairman of the supervisory board of energy company Essent and a member of the advisory board for responsible investment at PGGM Asset Management.Van Rutte is currently on the supervisory board at SNS Reaal and Ormit Holding.last_img read more

Man United Launch £30m Bid For 16-Year-Old Bellingham

first_img Loading… Manchester United have made a shock £30m bid for Birmingham City youngster Jude Bellingham, according to stunning reports. Sky Sports reports that the Red Devils are keen to bring the 16-year-old midfielder to Old Trafford ahead of the January transfer window closing. United have been linked with the teenager in recent months and were initially willing to pay £25m to land him from the Championship side. Bellingham, who has made 26 appearances this season, only earns £145 per week as part of his scholar’s wages. But the box-to-box midfielder’s wages could skyrocket once he signs his first professional contract when he turns 17 on 29th June. Bellingham, who came through Birmingham’s youth academy, has scored four times and assisted once in the current campaign. United aren’t the only club heavily linked with the England U17 international as Barcelona, Bayern Munich, Borussia Dortmund and Liverpool have also shown interest. Ole hoping to beef up with Bellingham According to Sky Sports, Birmingham could be forced to let Bellingham leave due to the pressure to raise funds. The Championship club, who are 18th in the league, suffered a nine-point deduction last season for breaking profit and sustainability rules. Bellingham made history at the club when he became the youngest player (16 years and 38 days) to make his senior debut in their League Cup clash with Portsmouth last August. Following his debut against Portsmouth, Birmingham boss Pep Clotet said that the United target had “matured a lot with the first team” last summer. Read AlsoCavani’s parents reveal preferred club despite Chelsea interest He explained: “He is quiet, he is very professional in his football, he is a confident lad in his ability but he is someone you can talk to, he is very mature as well.” United have been struggling this season due to their fragile midfield and Ole Gunnar Solskjaer has been keen to build for the future. FacebookTwitterWhatsAppEmail分享 center_img Promoted ContentThe Very Last Bitcoin Will Be Mined Around 2140. Read More7 Universities Where Getting An Education Costs A Hefty Penny8 Things You Didn’t Know About Coffee6 Interesting Ways To Make Money With A DroneA Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This Day11 Most Immersive Game To Play On Your Table TopBirds Enjoy Living In A Gallery Space Created For Them10 Phones That Can Easily Fit In The Smallest Pocket10 Risky Jobs Some Women DoBest & Worst Celebrity Endorsed Games Ever MadeA Rihanna Museum Is Probably Opening SoonWho Earns More Than Ronaldo?last_img read more