continue reading » PIN debit interchange fees are falling and fraud losses are rising, according to new data from the Federal Reserve.The agency’s latest survey of interchange revenue, out this month, found that for many credit unions and other financial institutions not subject to the Electronic Fund Transfer Act’s interchange cap, the average interchange fee for debit transactions on single-message networks (typically PIN transactions) has continued to fall since the cap took effect in 2011. In 2017, it was $0.25, compared to $0.31 in the fourth quarter of 2011. However, fraud losses for all debit and prepaid card transactions rose to $11.20 for every $10,000 in transaction value in 2017, up from $10.30 in 2015.Card use has nonetheless been booming, according to the report.“For the past eight years, the volume of total card usage has grown steadily from 37.6 billion transactions in 2009 to 68.5 billion transactions in 2017, with an average growth of 3.86 billion transactions per year,” it said. “The total value of purchase transactions also exhibited growth, increasing from $1.43 trillion in 2009 to $2.62 trillion in 2017, with average growth of $0.15 trillion per year.” ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Answers come fast. When times are tough or something bad happens, it seems like there’s always a line of people waiting to offer advice. Everyone has an idea. Everybody has an opinion. But do any of them truly understand what the problem is? Probably not.After facilitating strategic planning sessions for financial institutions over the past decade, I’ve come to a conclusion. Few things can kill success and momentum faster than running forward with an idea before truly understanding the problem it’s trying to solve. To say it another way, a good solution applied to the wrong problem will always be the wrong solution. Understanding a problem should always be the first step to solving it.What problem are you trying to solve?Three transportation companies got their start between 2009 – 2012. Uber was founded in 2009 to solve the problem of people waiting for taxis. In 2010, Gett was launched to help taxi drivers find more passengers. Two years later, Lyft opened for business. Unlike the previous taxi-focused companies, Lyft’s founders sought to solve the problem of college students driving home with empty seats in their cars while students without cars were stuck at school. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
May 30, 2007 (CIDRAP News) – Indonesia’s health minister said yesterday that Baxter Healthcare Corp would launch a clinical trial of an H5N1 avian influenza vaccine in Indonesia in July, according to news reports, but a Baxter official said the company has not announced any clinical trials.Siti Fadilah Supari, Indonesia’s health minister, said the clinical trial would involve “hundreds of participants” and conclude in October, according to an Associated Press (AP) report published today. She also said Indonesia would initially stockpile 2 million doses of the vaccine.In February, Indonesia revealed it had stopped sharing H5N1 virus samples with the World Health Organization (WHO) in a protest against drug companies’ use of the samples to make vaccines seen as too costly for developing countries. Soon afterward Indonesia signed a memorandum of understanding with US-based Baxter International, owner of Baxter Healthcare, which laid the groundwork for future collaboration or supply agreements on H5N1 vaccines.Chris Bona, a Baxter spokesman in Deerfield, Ill., told CIDRAP News today that the company has not announced any plans for a clinical trial of its vaccine in Indonesia and has not signed any new agreements with Indonesia beyond the initial memorandum of understanding in February.Bona said there were no firm plans to produce the company’s vaccine in Indonesia and no agreements about stockpiling. In addition, any Indonesian H5N1 samples Baxter would use to develop a vaccine would likely come directly from the WHO, Bona said.On May 15 Indonesia announced it had resumed sharing its H5N1 samples with the WHO. A week later, during the annual meeting of WHO member countries, the WHO negotiated a preliminary agreement designed to maintain the international sharing of flu virus samples while ensuring that developing countries can obtain pandemic flu vaccinesBaxter has a cell culture–based H5N1 vaccine under development. Last October the company said the preliminary results of a phase I/II clinical trial showed a good immune response against drifted H5N1 strains. The vaccine was based on a 2004 strain of H5N1 from Vietnam.See also:Oct 17 CIDRAP News article “Baxter says cell-based H5N1 vaccine shows potential in trial”
Environment, Español, Press Release Los fondos del Departamento de Protección Ambiental (DEP, por sus siglas en inglés) se destinarán a 145 proyectos para ayudar a evitar el hambre y el desperdicio de alimentosLa Administración Wolf otorgará más de $9 millones a entidades sin fines de lucro cuyos proyectos están destinados a combatir el hambre y evitar el desperdicio de alimentos. Los fondos provienen del programa ampliado de subvenciones para infraestructuras destinadas a la recuperación de alimentos anunciado en abril.Las subvenciones permitirán que los bancos de alimentos, refugios y comedores de beneficencia cubran los costos de las compras de equipos necesarios para preparar, transportar y almacenar alimentos adquiridos a minoristas, mayoristas, agricultores, procesadores de alimentos y cooperativas. Algunos ejemplos de los equipos admitidos que recibirán fondos incluyen camiones de caja refrigerada o no refrigerada, refrigeradores de tamaño industrial, elevadores de pallets y/o carritos (dollies). También se permitió la asistencia para los costos de instalación y envío.El aumento de la demanda en el sistema de alimentos de caridad relacionado con la COVID-19 ha demostrado la necesidad inmediata de contar con recursos para disponer de espacio adicional de almacenamiento en frío y más flexibilidad y cambios a este programa de subvenciones. Los cambios realizados en abril impulsaron las alianzas entre organizaciones sin fines de lucro, como bancos de alimentos y granjas, procesadores y cooperativas que continúan enfrentando desafíos dentro de la cadena de suministro de alimentos producto de la emergencia por la COVID-19.“Muchas personas en todo el estado sienten la tensión de perder empleos u otros ingresos a causa de la crisis por la COVID-19. Este programa ayudará a proporcionar una red de seguridad con el fin de garantizar que nuestros conciudadanos de Pennsylvania no padezcan hambre”, dijo el Gobernador Tom Wolf. “Este programa también ayuda a garantizar que nuestros agricultores no lleguen a estar en una situación en la que tengan que desperdiciar los alimentos y los lácteos producidos en sus granjas debido a los trastornos del mercado”.“Nuestra meta al expandir las subvenciones para infraestructuras destinadas a la recuperación de alimentos fue llevar dinero rápidamente a las personas que más podían hacer para ayudar, y las organizaciones de caridad de Pennsylvania respondieron”, dijo el Secretario del Departamento de Protección Ambiental Patrick McDonnell. “Estas subvenciones ayudarán a garantizar la seguridad alimentaria a nuestros residentes que la necesitan”.“Estas entidades beneficiarias han demostrado su compromiso de alimentar a los residentes de Pennsylvania y al mismo tiempo apoyar a la agricultura”, dijo el Secretario de Agricultura Russell Redding. “Este programa de subvenciones es nuestra trifecta ya que todos ganan en nuestro estado: permite a los bancos de alimentos almacenar los productos frescos y los productos lácteos y proporcionarlos a los necesitados, eliminar el desperdicio de alimentos y evitar pérdidas para nuestros agricultores que trabajan arduamente y que han tenido que lidiar con tanta incertidumbre”.Los beneficiarios de los 145 subsidios incluyen bancos de alimentos, comedores de beneficencia e iglesias de todo el estado.Encuentre la lista completa de beneficiarios aquí.En base a la encuesta más reciente realizada a principios de mayo, los miembros de los bancos de alimentos de Feeding Pennsylvania informan un aumento promedio de la demanda del 55% con respecto a lo que veían hace un año. Los alimentos no utilizados o no vendidos terminan en vertederos, donde pueden biodegradarse y liberar gases de efecto invernadero como el metano. La Agencia de Protección Ambiental (EPA, por sus siglas en inglés) estima que en 2015 (el último año en que la información estuvo disponible), más de 30 millones de toneladas de desperdicio de alimentos se depositaron en vertederos en toda la nación.Este fondo se puso a disposición de las organizaciones sin fines de lucro de Pennsylvania en relación con la asistencia mediante subvenciones para la gestión y operación adecuadas de la reducción del desperdicio de alimentos de conformidad con la Ley Municipal de Planificación, Reciclaje y Reducción de Residuos de Pennsylvania de 1988, Ley 101.View this information in English. La Administración Wolf otorga $9.6 millones en subvenciones para ayudar al sistema de alimentos de caridad May 21, 2020 SHARE Email Facebook Twitter
Ireland’s regulator has warned more than 60 local defined benefit (DB) funds that it cannot allow “persistent non-compliance” with the funding standard to continue.The Pensions Authority, which under recent regulatory changes has the ability to direct the wind-up of schemes in deficit, said it was “strongly” encouraging the trustees of the affected funds to take action and address underfunding.It said “persistent non-compliance” with the funding standard could not be allowed and that it would shortly begin dealing with those in breach of rules.The minimum funding standard, formally reinstated last summer, requires trustees to file recovery plans if in deficit, either outlining how shortfalls can be addressed through investment returns, or by reducing benefits. Several weeks after the 30 June deadline last year, 70% of funds, or 212 schemes, had failed to submit a formal proposal, a figure that fell to 120 a few weeks later.As of April, the regulator said around 50 had yet to submit funding proposals.However, figures released by the Authority showed that, as of 12 September, 61 schemes were still in breach of the funding standard.Brendan Kennedy, head of the regulator, noted that cutting benefits or winding up schemes were “very serious” steps only taken reluctantly.“However, unless a sustainable recovery plan is put in place, an underfunded scheme is unlikely to be able to pay the benefits promised to scheme members,” he said.“The younger members are at particular risk not only of getting less-than-full benefits but of losing the contributions they may be making into the scheme.”Under new regulation drafted by the Department of Social Protection, trustees of schemes informed that the regulator may force the wind-up of the fund need to inform all members.The Occupational Pension Schemes regulations (Section 50 and 50B) also said the Authority should be sent a funding certificate, the fund’s annual return, information on the scheme’s long-term sustainability and “such other information as the Pensions Authority believes is necessary” to allow it to make a decision.The regulation came into force at the beginning of September.
Elizabeth Corley is to step down as chief executive at Allianz Global Investors (AGI) after four years in the role.Corley, who led AGI’s European business prior to taking over as head, will become a non-executive vice-chair – a new role for the company – in April 2016.AGI co-chief executive and global CIO Andreas Utermann will succeed her.Utermann joined the company in 2002 as global equities CIO. He was subsequently promoted to global CIO and given responsibility for managing RCM Capital Management.George McKay, the current global COO, who joined in 2006 from Mellon Bank, has been promoted to co-chief executive alongside Utermann.Corley said it had been a “privilege” to work at AGI.“This is a wonderful company with fantastic employees, and I am most grateful to them making my time here such a pleasure.”Commenting on the changes, Jay Ralph, a member of the Allianz board in charge of asset management, praised Corley’s work.“Elizabeth has deftly steered Allianz GI to become a successful, globally integrated asset manager,” he said. He added that he looked forward to working with Corley in the future as she developed her career as a non-executive.Utermann also praised Corley’s time as chief executive.“Elizabeth’s inspirational leadership, passion for investment and boundless positive energy have contributed immeasurably to the success and standing of Allianz GI today,” he said. “Naturally, I am delighted she will continue to act as an ambassador for the firm into the future. Equally, I look forward to cementing a similarly productive partnership with George, who has demonstrated his leadership and agility in many roles since joining the firm in 2006.”Utermann will retain responsibilities for investment matters, while McKay will be responsible for global distribution, global solutions, corporate marketing and COO functions.Read Elizabeth Corley’s piece in IPE’s November 2013 issue on financial repression
Tweet Share 20 Views no discussions Share HealthLifestyle Copper linked to Alzheimer’s by: – August 20, 2013 Sharing is caring! Share Mixed evidence on the role of copper in Alzheimer’sA lifetime of too much copper in our diets may be contributing to Alzheimer’s disease, US scientists say.However, research is divided, with other studies suggesting copper may actually protect the brain.The latest study in Proceedings of the National Academy of Sciences showed high levels of copper left the brain struggling to get rid of a protein thought to cause the dementia.Copper is a vital part of our diet and necessary for a healthy body.Tap water coming through copper pipes, red meat and shellfish as well as fruit and vegetables are all sources of dietary copper.BarrierThe study on mice, by a team at the University of Rochester in New York, suggested that copper interfered with the brain’s shielding – the blood brain barrier.Mice that were fed more copper in their water had a greater build-up of the metal in the blood vessels in the brain.The team said this interfered with the way the barrier functioned and made it harder for the brain to get rid of a protein called beta amyloid.One of the hallmarks of Alzheimer’s disease is the formation of plaques of amyloid in the dying brain.Lead researcher Dr Rashid Deane said: “It is clear that, over time, copper’s cumulative effect is to impair the systems by which amyloid beta is removed from the brain.”He told the BBC that copper also led to more protein being produced: “It’s a double whammy of increased production and decreased clearance of amyloid protein.“Copper is a very essential metal ion and you don’t want a deficiency and many nutritious foods also contain copper.”However, he said taking supplements may be “going overboard a bit”.Mixed evidenceCommenting on the latest findings, Chris Exley, professor of bioinorganic chemistry at Keele University, said there was “no true consensus” on the role of copper in Alzheimer’s disease.His research on human brains reached the opposite conclusion: “In our most recent work we found evidence of lower total brain copper with ageing and Alzheimer’s. We also found that lower brain copper correlated with higher deposition of beta amyloid in brain tissue.“He said at the moment we would expect copper to be protective and beneficial in neurodegeneration, not the instigator, but we don’t know.“The exposure levels used mean that if copper is acting in the way they think it does in this study then it must be doing so in everyone.”Dr Eric Karran, from Alzheimer’s Research UK, said: “While the findings present clues to how copper could contribute to features of Alzheimer’s in mice, the results will need replicating in further studies. It is too early to know how normal exposure to copper could be influencing the development or progression of Alzheimer’s in people. ”Dr Doug Brown, from the Alzheimer’s Society, said: “Considering copper is a vital mineral for the body, people should treat these results with caution and not cut it out of their diet. More research is needed to understand the role that copper might play in the brain.”BBC News
“The Stock Cars are one of the best classes with a lot of door-to-door racing,” Kelton said. “RaceSaver Sprint Cars are another fan favorite. Everybody loves the winged cars.” Work started soon after on the 3/8-mile dirt racing surface and a section of the wall was removed in turn three to widen the track. Monarch remains a beehive of activity as Kelton and his crew prepare for opening night this Friday. The IMCA Speedway Motors Weekly Racing point season continues through Aug. 30. WICHITA FALLS, Texas – Shannon Kelton grew up at the race track. Stock Car points earned at Monarch figure in IMCA’s EQ Cylinder Heads Southern Region. “This is a great facility, one of the top five if not the top three in the state. We ran here 20 years ago,” said Kelton, a long-time car owner. “We always enjoyed coming to Wichita Falls because it has a small-town feel. There are a lot of family businesses and you can walk into places and people know your name.” Kelton grew up going to races at Devil’s Bowl Speedway and completed his purchase of the former Red River Speedway in late January. “Monarch Motor Speedway is yet another tremendous addition in Texas,” noted IMCA Vice President of Operations Jim Stannard. “It’s a great facility and I look forward to my next visit to Wichita Falls.” Now he’s the owner and promoter of Monarch Motor Speedway in Wichita Falls, where IMCA RaceSaver Sprint Cars and IMCA Sunoco Stock Cars will race on Friday nights. “We really like IMCA’s rules. They do their best to keep costs down for the budget racer,” said Kelton. “Another thing about IMCA is that you can take your car from Texas to any other IMCA track and know you’re legal.”
The Wildcats were able to come out on top in a close, back-and-forth battle with the Lawrenceburg Tigers Monday evening by a final score of 9-4. The Wildcats offense was firing on all cylinders throughout the game as they had 13 hits on the game, en route to 9 runs on offense. The pitching was also strong for Franklin County as the Wildcats earned their eighth win of the season.The Wildcats were steadily scoring one run per inning as the Wildcats put up a run in the second, third, fourth, and fifth innings to build a 4-2 lead heading into the sixth inning. Lawrenceburg would threaten to take the lead in the sixth inning, but Kay Kay Ferman would come in for relief for the Wildcats in the sixth and keep it tied heading into the top of the seventh.Then in the seventh, the Wildcats exploded for 5 runs to take the lead for good, making the score 9-4. The Tigers would be sent down in order in the seventh inning to give Franklin County the victory.Camryn Brewer got the start for the Wildcats in the circle and pitched a strong game. Brewer received a no-decision in her start, going 5+ innings with 4 runs (2 earned), on 8 hits, and 3 strikeouts. Michaela Ferman would come in to finish the game for the Wildcats and get credit for the win. Ferman would throw 2 innings, allowing 0 runs, 2 hits, and 2 strikeouts.Offensive LeadersCamryn Brewer: 4-4 (3 Singles, 1 Double), 3 Runs ScoredMorgan Bare: 2-4 (2 Singles), 2 RBIs, 1 Run ScoredMichaela Ferman: 2-4 (2 Singles), 1 RBIFranklin County will look to win back-to-back games tomorrow as they travel to Rushville for a Varsity/JV double header. First pitch of the varsity game is scheduled for 5:30 pm.Courtesy of Wildcats Coach Alex McCool.
Statehouse— State Rep. Cindy Ziemke (R-Batesville) recently honored Honda Manufacturing of Indiana with a resolution at the Indiana Statehouse for producing its 2 millionth vehicle in Greensburg and its contributions to the community.According to Ziemke, Honda produced more than 2 million vehicles since production began in October of 2008, with workers building the milestone car, a crystal black pearl CR-V, on May 31, 2019. “I remember in 2006 when it was announced that Honda was coming to Greensburg,” Ziemke said. “It was the biggest news. They were a big deal then and they are a bigger deal now as they continue to be one of the largest contributors and assets to our local economy. Gov. Mitch Daniels said bringing Honda to Indiana was one of his most significant achievements, and my district and I are grateful they were able to come to Greensburg.”Ziemke stated that Honda’s contribution to the community continues, as the company has announced a $4 million expansion that will add 54 jobs to the plant’s operations and expand the Honda-Greensburg portfolio to include the production of the CR-V Hybrid, which began being assembled this month.“The products we make in Indiana are among Honda’s most popular and most successful,” said Tim Myers, senior vice president of HMIN. “And we’re leading the way in electrification, which is the future of automotive manufacturing.”Honda Manufacturing of Indiana employs more than 2,500 Hoosiers, represents more than $1 billion in capital investment and has the capacity to produce 250,000 vehicles a year.