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We goofed

first_imgWe goofed October 1, 2004 Regular News We goofedcenter_img If you noticed your CLE credits and reporting date on the mailing label of the September 15 issue of the News was wrong; or the paper was forwarded from your old address; or you didn’t get it; or — if you have been a member of the Bar for less than a year — it arrived very late; well. . . that’s our fault.“We dropped the ball when generating our mailing labels for the September 15 issue and used a set of labels that was a year old,” Managing Editor Mark Killian said. “We regret the mistake and hope our error did not cause our members too much inconvenience.”Killian said the CLE credits listed on the label of this issue are up to date and the September 15 issue is still available online at www.flabar.org.Also, members do not need to report any CLE they have already reported. Only the News’ mailing labels were incorrect while the Bar’s master CLE records remain up to date.“Most of the calls we’re getting are from members frightened our database lost their entire CLE history,” said Marc Ito of the Bar’s CLER Department. “That is not the case. Our records are correct and reporting CLE twice ‘just in case’ will only clog the system.”The News still has a limited quantity of the September 15 issues at its offices and if you want one, send an e-mail including your address to mkillian@flabar.org and one will be shipped to you until that supply is exhausted.last_img read more

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CFPB updates TRID compliance guide, guide to forms

first_imgThe Consumer Financial Protection Bureau Thursday released updated versions of its Truth in Lending Act-Real Estate Settlement Procedures Act integrated disclosures (TRID) rule Small Entity Compliance Guide and Guide to Forms. The two documents are part of TRID resources the bureau has available to assist with understanding, implementing and complying with TRID.The Guide to Forms document has been updated to incorporate guidance from existing webinars and guidance, and includes additional clarifications on various aspects of both the Loan Estimate and Closing Disclosure form. It also includes several miscellaneous administrative changes.The Guide to Forms was last updated in July 2015.Changes to the Small Entity Compliance Guide include updates on:Record retention requirements for the Closing Disclosure;Completing and formatting the Loan Estimate and Closing Disclosure;Delivery requirements for the Loan Estimate and the special information booklet;Requirements upon receiving an application;Disclosing and determining good faith for services the borrower may shop;Disclosing seller-paid costs and providing seller disclosures;Providing revised Loan Estimates and corrected Closing Disclosures;Guidance on construction loans;The absence of a HUD-1 comparison chart in the Closing Disclosure. continue reading » 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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A service project serving smiles: Girl Scout troop gives back

first_imgThe 12 girls in the troop did their part, decorating bags and writing inspirational messages. ENDICOTT (WBNG) — An Endicott Girl Scout troop gave back to the community today, delivering 150 “boredom bags” to RISE-NY. As part of its service project, Girl Scout troop 60195 put together 300 bags, nearly 400 cards, and 300 marigold plants which will be dispersed to nursing homes and New Life Ministries. The idea came to the troop months ago, but was on hold due to the pandemic. RISE-NY Manager of Advocacy Services Rebecca Staudt said “the boredom bags will go to the children coming into our shelter, and we’ll probably give some to our nonresidential clients as well to give to their children.” The bags hold fun activities for children, including coloring books and bouncing balls, which Brink said she thinks will bring a smile to many faces. “One of our parts of the Girl Scout law is to be friendly and helpful and I think the girls definitely rose to the occasion on that.”center_img “It was kind of a waiting game, and then we were like well we’re just going to have to find a way. Where there’s a will there’s a way so we just had to find a way to do it,” said troop leader Jamie Brink. Staudt said the project means a lot to those at RISE. “It reaffirms for survivors and victims going through our services that the community cares about them too and they’re not lost, they’re not forgotten about but instead there’s just a group, a community who cares.” The troop will continue deliveries throughout the week. last_img read more

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Demand for photovoltaic panels plummets in Indonesia amid pandemic

first_imgIn Indonesia’s case, the domestic solar industry is at the mercy of the government, which accounts for more than 70 percent of the electricity business through electrification projects, according to an Indonesian Solar Panel Producers Association (APAMSI) representative.“That automatically means that a shift in spending will add to the burden on solar producers,” APAMSI chairman Nick Nurrachman told The Jakarta Post on Monday (27/4).“Due to the COVID lockdown, the industry can close down,” either temporarily or permanently, he said.The government announced in late March a plan to reallocate Rp 62.3 trillion (US$4.15 billion) from the state budget to tackle the coronavirus. The freed funds would focus on health care, the disbursement of relief funds and financial incentives for enterprises.Nick added that Indonesian producers also struggled with higher production costs due to the weakening rupiah exchange rate and more costly cross-border logistics. Producers imported 40 percent of the materials used to create solar PV panels, including silicon, junction boxes and glass.Domestically produced solar PV costs rose between 15 and 20 percent per unit in the March-April period.Responding to the challenges, APAMSI members were cutting costs and securing Industry Ministry permits to remain open under lockdown in anticipation of new solar PV orders.“Most members have reduced employee shifts. Production line workers are put on leave – still receiving salary – and indirect staff, particularly marketing, go to work to ensure orders can keep coming in,” said Nick, summarizing workplace changes within the domestic industry.Meanwhile, the Energy and Mineral Resources Ministry’s energy conservation director, Hariyanto, confirmed that the government was slashing state-funded renewable energy project targets but not cancelling them entirely.He said the ministry had revised down its target for government-funded solar rooftop installations from 800 units to 144 units and for solar-powered streetlamps from 40,000 to 26,000. The lamps are installed in hard-to-reach regions with poor electricity infrastructure.“There’s a reduction in volume as we refocus the state budget on attainable projects,” he told reporters during a video conference earlier this month (22/4).Topics : Indonesia’s photovoltaic (PV) providers face a bleak business outlook at least in the next six months as the government and individual users cut back spending on anything deemed nonessential amid the pandemic, including solar panels.Demand for commercial PV panels was down up to 70 percent in the March-April period from a year earlier as businesses aborted installation plans and as, most critically, the government cut back electrification project plans, according to a recent survey conducted by energy think tank Institute for Essential Services Reform (IESR).Meanwhile, demand for residential PV systems dropped by up to 100 percent during the same period as consumers reallocated funding to groceries, bills and savings. “We see the outlook over the next six months – until the third quarter of 2020 – as largely negative. No new orders,” IESR executive director Fabby Tumiwa said during a virtual press conference on April 21.The challenges faced by Indonesia’s solar power industry are similar to those across developing renewable markets in Asia, such as India and Vietnam, where local producers are equally exposed to foreign exchange risks and shrinking financial support.“So far no government has taken a strong stand to support renewables during the downturn,” wrote energy consultancy Wood Mackenzie Asia Pacific in a press note on April 29.Solar power contributes less than 4 percent to overall energy consumption in the Asia Pacific region but is the fastest-growing renewable energy source worldwide alongside wind power.last_img read more

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S. Korea examines first suspected cases of syndrome in kids linked to COVID-19

first_imgTwo children who are the first suspected cases in South Korea of a rare, life-threatening syndrome linked with the new coronavirus, are recovering following treatment, health authorities said on Wednesday.The symptoms of “Multi-System Inflammatory Syndrome in Children” (MIS-C) are similar to toxic shock and Kawasaki disease, and include fever, rashes, swollen glands and, in severe cases, heart inflammation.Officially called “Pediatric Multi-System Inflammatory Syndrome Potentially Associated with COVID-19”, MIS-C cases have been reported in France, Italy, Spain and Britain and the United States, where more than 100 cases were found in the state of New York. Topics : The syndrome has raised fears that COVID-19, the disease caused by the coronavirus, could pose a greater risk to children than had been understood. COVID-19 so far has taken its greatest toll on the elderly and those with chronic health conditions.The Korea Centers for Disease Control and Prevention (KCDC) said on Tuesday it launched an investigation after two suspected cases of MIS-C involving an 11-year-old boy and a four-year-old girl were reported on Monday.Both had tested negative for COVID-19, but further analysis was being undertaken, especially as the boy had been in the Philippines between January and March.The boy has already been released from the hospital, and the girl is expected to be discharged soon, KCDC director Jeong Eun-kyeong said.center_img “Both of the two children have recovered from the symptoms,” Jeong told a briefing. “We’re carrying out a COVID-19 antibody test on them to reconfirm whether they were infected, and will determine after the test whether they make the MIS-C cases.”Kwak Jin, a KCDC official in charge of patient management, said the two children had been treated as they would for Kawasaki disease.Having been one of the first countries to suffer an outbreak of COVID-19, South Korea has succeeded in curbing the spread of the virus through a robust strategy to track, trace and contain. last_img read more

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Chinese buy 8pc of new homes in Queensland: Credit Suisse

first_imgOnly 8 per cent of new homes in Queensland are bought by foreign buyers, according to Credit Suisse. Photographer: Liam Kidston.FEWER than one in 10 new homes in Queensland are sold to foreign buyers, but offshore demand for Australian property looks set to remain buoyant, according to new research from Credit Suisse.Using revenue figures obtained from state governments under freedom of information requests, Credit Suisse calculated that 8 per cent of new homes sold in the state between September 2016 and June 2017 were purchased by nonresidents.But there is much stronger appetite among foreign buyers for property in New South Wales, with nonresidents snapping up 25 per cent of new homes and 17 per cent in Victoria during that period.And almost all of the foreign buyers are from China, despite the state governments in Australia’s three largest cities now charging higher stamp duties on overseas buyers.The stamp duty surcharge is 8 per cent in NSW, 7 per cent in Victoria and 3 per cent in Queensland.“Almost 90 per cent of foreign demand is from China and there is little evidence that new capital controls by the Chinese authorities, announced in December 2016, have slowed demand for Aussie housing,” Credit Suisse analysts Hasan Tevfik and Peter Liu said in a research note. Chinese demand for Australia property remains strong, according to Credit Suisse. Image: AFP/Isaac Lawrence.More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investorless than 1 hour agoOn an annual basis, foreign buyers poured $0.7 billion into residential property in Queensland, almost $6 billion in NSW and $3.4 billion in Victoria.The analysts noted that this was a very small proportion of the total value of Australian real estate, which is estimated to be $6.7 trillion nationally and $5.6 trillion in the three states.However, it is a much larger proportion of new housing supply, given that nonresident non-citizens are not allowed to buy existing dwellings.Credit Suisse said the data from January to June 2017 showed that almost 90 per cent of foreign property buyers in NSW were Chinese nationals — up from 78 per cent in the last quarter of 2016.The research note added that the wealth being created in China was set to lead to more, not less, foreign purchases of Australian property.“We agree property in our major cities is expensive, but we also understand much of the housingmarket is supported by foreign buying,” the analysts noted.“Chinese wealth creation suggests we should expect more.“We expect housing investment and prices in Australia to moderate but not collapse.”undefinedlast_img read more

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Consolidation: Simplify benefits to aid transfers, say experts

first_img“Consolidators will want certainty on the liabilities they are accepting. Actuaries will be unwilling to certify bulk transfers riddled with latent legal risks. And the current legal framework explicitly does not require the benefits to be ‘the same’ before and after transfer.” The UK government has not gone far enough to protect members’ interests in its proposed rules for commercial defined benefit (DB) consolidators, industry organisations have said.The UK government’s consultation on the proposed rulebook for consolidators closed on Friday. Responses were broadly supportive of the government’s planned approach, but warned that more attention needed to be given to the complex nature of some accrued benefits when transferring from one provider to another.Law firm ARC Pensions Law warned that the Department for Work and Pensions’ (DWP) plan had “significant gaps in member protection” as it had not fully explored the varying nature of accrued benefits within individual schemes. UK DB schemes often have separate tranches with differing benefit structures depending on legacy rules on inflation linking, retirement age, or accrual rates.“For consolidation to work, schemes need to refocus some of their time and resources towards understanding and sorting out precisely what liabilities they are transferring,” ARC stated. “The consultation is a step in the right direction but the proposals are not ambitious enough”Jane Kola, ARC Pensions LawJane Kola, partner at ARC, added: “Good member outcomes are key to confidence in pensions. The consultation is a step in the right direction but the proposals are not ambitious enough.“Increasing the chances of members receiving full or close to full legal entitlements must surely be the aim. That requires a clear understanding of benefits and legal risk alongside the financial and investment risks.”The Association of Consulting Actuaries (ACA) called for the government to explore methods of benefit simplification, a topic it has been pushing for some time. ACA chair Jenny Condron argued that benefit simplification could be “a major catalyst” for consolidation.The Society of Pension Professionals (SPP) echoed the ACA’s call for simplification.“It may be that superfunds will offer better terms to schemes that are willing to convert benefits to a standard scale before transition,” the society said, as simpler benefits would reduce administration costs and make hedging more efficient.“There are obviously a number of issues that need to be addressed before this can happen as part of a transition, but given the need to amend benefits to address GMP equalisation and the potential to include benefit simplification as part of this process, it seems like a sensible time to think about benefit simplification in more general terms,” the SPP stated.Gateway to consolidationIn its consultation paper, the government proposed a “regulatory gateway” as a framework for assessing the suitability of any transfer to a consolidator vehicle.It specified that the gateway was designed to stop schemes and employers from transferring to a superfund when an insurance buyout is affordable.The ACA’s Condron said the gateway “should be set at a level where schemes that can benefit from the superfund option are not unnecessarily excluded”. Consultancy group XPS Pensions called for the DWP to set “strong regulations on financial stability” and tighter controls around when commercial consolidators can realise profits from members’ benefits. This would “remove the need for restrictive gateway conditions” and place the final decision on whether or not to transfer with individual schemes’ trustees.‘Too big to fail’Wayne Segers, principal at XPS, said the financial backers of consolidators – also known as “superfunds” – should only be permitted to take out money “when members’ benefits are settled, ideally by transferring to an insurer”.This would “prevent superfunds becoming a systemic risk” as well as addressing competition concerns expressed by insurance companies.Similarly, the SPP called for the DWP to model the likely scale of superfunds to find a balance between innovation and member protection. “A consolidation of risk into a small number of providers could ultimately lead to superfunds that are of national economic importance and therefore ‘too big to fail’,” the society said. “The effect of this on future policy development and the Pension Protection Fund needs to be fully understood.”last_img read more

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Bombora makes board changes

first_imgBombora Wave Power has made a number of changes to its Board of Directors including the appointment of a new Chair, Richard Beresford.Beresford is a highly experienced renewable energy and natural gas executive who specializes in commercializing new energy technologies and resources, said the Australian-based wave energy developer Bombora.He currently holds Non-Executive Directorships at Liquified Natural Gas Limited and Eden Innovations, and has previously held Chairperson and Director roles with numerous other energy companies.Bombora’s scaled WEC system (Photo: Bombora Wave Power)Former Chair, Tim Croot, remains on the Board as an independent Non-Executive Director, Bombora informed.Shawn Ryan, Non-Executive Director and Co-founder of Bombora 10 years ago, has retired from the Board. Ryan was a member of the Board for four years and served in both executive and non-executive capacities during this time.Furthermore, Glen Ryan, Non-Executive Director, Co-founder of Bombora and inventor of the concept of the mWave, also retired from the Board this year.Commenting on the changes, Sam Leighton, Chief Executive Officer of Bombora said: “The appointment of Richard as Chair expands the Board’s skill set with specific renewable energy financial and technical experience, which will be highly beneficial for the commercialization process of Bombora’s mWave.”Bombora has developed a membrane style wave energy converter called an mWave.Resting on the sea floor, similar to a fully submerged reef, it is invisible from the shoreline. As ocean waves pass over the mWave, the membrane deflects pumping air through a turbine to generate electricity.The company is working on the development of full-scale 1.5MW wave energy converter prototype which will be deployed off Portugal.last_img read more

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WP Group and Green Wind Establish O&M Co-Op

first_imgThe WP Group and the Green Wind Group have signed an agreement to cooperate in the area of wind farm maintenance management and services.The new business segment primarily offers operators of wind farms throughout Europe a full service with focus on maintenance and repair, carried out directly by WP Group, flanked by Green Wind’s 24/7 control greenwind centre control.WP Group Managing Director Michael Finnern, said: “This is where engineering knowledge and modern technology are combined with highly committed service and well-trained teams on site. This expands our business field by the possibility to offer full maintenance contracts with corresponding availability guarantees to the operator.”In addition to regular maintenance and repair work, the full service now also includes remote data monitoring, digitally controlled deployment planning, and spare parts procurement. Further areas of operation are to follow, the company said.“Here, a technology that is constantly evolving thanks to the competence and inventiveness of our control room personnel is used. By cooperating with an innovative service provider such as WP Group, we can fully exploit the functions of our control room and offer the wind farm operator a further step towards independence,” Manuel Lasse, Managing Director of Green Wind.last_img read more

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Area Soccer Semi-State Scores

first_imgArea Soccer Semi-State ScoresSaturday  (10-26)Boys Class 1A @ ProvidenceIndy Lutheran  1     Jac-Cen-Del  0    Girls Class 2A @ Evansville NorthEvansville Mater Dei  2  South Dearborn  0last_img

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