Vermont Secretary of State launches ‘Transparency Tour’ starts October 11

first_imgVermont Secretary of State Jim Condos announces he will conduct a 12 stop tour to discuss Vermont’s public records and open meeting laws with municipal and state employees and citizens who serve on local government boards. The public is invited and encouraged to attend these events. After a presentation there will be time for Q&A and a general discussion with the audience. This is a great opportunity to address specific issues that you may have questions about, and to discuss the nuances of these laws. Secretary Condos stated, ‘Open and transparent government is good government! Vermont’s citizens deserve accountability in their government.’ ‘This tour allows me to assist Vermont’s public officials who must abide by these laws every day. We recognize that these laws are not always clear and we need to hear from them regarding the challenges they face and the questions they have. I look forward to engaging in an open discussion about the importance of access to public records and public meetings.’ All events will be held from 6-8 pm. Dates and locations are as follows:Montpelier                         Pavilion Building                             Tuesday               October 11th          Colchester                          St. Mike’s College                           Thursday             October 13thNewport                              Goodrich Library                              Thursday             October 20thSt. Albans Town                Town Hall                                           Tuesday               October 25thSpringfield                         Springfield High School                Wednesday        October 26thBrattleboro                        Town Hall                                            Thursday             October 27thSt. Johnsbury                     St. J Middle School                          Tuesday               November 1stMorrisville                          Municipal Offices                            Thursday             November 3rdMiddlebury                        Ilsley Public Library                        Monday               November 7thBennington                        Fire Facility                                        Wednesday        November 9thRutland                                City Hall                                               Thursday             November 17thWhite River Junction     Bugbee Senior Center                   Tuesday               November 22nd We are pleased to welcome the participation of the following organizations: VT League of Cities and Towns, VT Municipal Clerks and Treasurers Association, VT School Boards Association, VT Press Association, VT American Civil Liberties Union and VT Common Cause. To find out more information and to RSVP, please contact Nancy Lynch @ 802-828-2148 or via email at nancy.lynch@sec.state.vt.us(link sends e-mail).last_img read more

Desperately seeking spread

first_img 21SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Jeremy Colvin Jeremy Colvin is a Managing Director for Olden Lane. Jeremy has over 20 years of institutional sales experience. Prior to joining Olden Lane, Jeremy was a Managing Director with BNY … Web: https://www.oldenlane.com Details Many of you may remember the 1985 cult classic “Desperately Seeking Susan.” In this movie, an unfulfilled New Jersey housewife seeks to break out of her mundane, predictable life and follow a bohemian drifter (Madonna) via the New York personal ads.  Believe it or not, a comparison can be drawn between Madonna’s first major motion picture and the current state of affairs in the credit union space.  Many of you are seeking to break out of your mundane, predictable business practices and diversify. I’m hearing from many credit unions that this “awakening” is a byproduct of concentration issues and the necessity to increase earnings. As of Q1 2017, the industry average ROA was 71 basis points and 85% of the loan book was comprised of auto and mortgage/real-estate.  I think you all know the issues you are facing, but how do you create real solutions? My contention is that many credit unions don’t even know the resources they have at their disposal.Consider for a moment the funding sources available. Those of you who are not low-income designated have FHLB advances, member deposit listing services and directly placed member funding programs. The other 44% of the industry that has obtained low-income designation has several addition options, including non-member funding programs like underwritten DTC CDs.  All of these programs allow you the ability to match fund an asset based upon your own interest rate risk profile. Translation: you can literally compartmentalize spread by utilizing wholesale funding sources to match fund specific durations.For example, you could utilize DTC issued CDs to create funding anywhere from one month to 10 years in duration. But if you’re stuck in a financial rut, what asset could you pair with it with to exceed the industry average of 71 basis points? The answer is out there and it’s not more auto loans or single-family mortgages.  You have to be more creative and open minded.At CMS for example, we are showing our clients loan participations just like many providers but with a keen eye on diversification. Of course, we can deliver autos and mortgages but that’s not the secret sauce. The real value is in asset classes that provide measured risk with yield enhancement (USDA, motorcycle, manufactured home, secondary capital, etc.).  If you leverage these assets and pair them with some of the funding tools discussed above, you can literally place spread on your balance sheet far in excess of 71 basis points.  The same can be done in fixed income. CMS has created a proprietary Municipal Bond Unit Investment Trust (UIT) yielding approximately 3%. We are showing our clients how to utilize very short dated collateralized mortgage obligations (CMOs) paired with funding to generate 80-100 basis points in spread.  Basically, what I’m saying is that you have options beyond callable agencies and FDIC insured CDs.You don’t have to be satisfied with the status quo. Your membership deserves the best services that you can provide. Think about those programs you have had on your membership “wish list” that you simply can’t afford due to an anemic ROA. You should be challenging your partners to provide you more value and the ability to widen your spread without taking on too much risk, instead of being satisfied with the same mundane predictable programs that you have been offered for the last 30 years.Reach out and explore your options because you have more than you think. Your most valuable resource is your membership. The more revenue you create, the more products and services you will be able to provide. Those two things are directly related.  We can no longer simply accept our limitations as an industry.  Don’t desperately seek spread, because you have options to satisfy this systemic issue.  You just have to be willing to watch a Madonna movie.last_img read more

Arsenal boss Mikel Arteta hails Granit Xhaka’s display in victory over Southampton

first_imgArsenal boss Mikel Arteta hails Granit Xhaka’s display in victory over Southampton Xhaka impressed Arteta (Picture: Getty)Mikel Arteta heaped praise on Granit Xhaka after the midfielder returned from injury to help Arsenal beat Southampton 2-0.Xhaka missed Arsenal’s last game and the Gunners arrived at St Mary’s off the back of successive demoralising defeats.The former club captain has faced lots of criticism this season, but Arteta was relieved to have Xhaka back in his side.‘He’s a big presence, he doesn’t hide and makes a good example for rest,’ Arteta said in his post-match press conference.ADVERTISEMENT‘We had two very difficult weeks. I was concerned after the defeat at Brighton, it really touched the team but I could see yesterday the reaction was really positive.AdvertisementAdvertisement‘I don’t want to talk about what happens on the table but what happens in training and games,’ Arteta added. ‘Against Brighton we had total control and threw the game away in seven minutes. The win is Arsenal’s first since the restart (Picture: Getty)‘I know what this team can do when we’re at 100 per cent but if not we’re average.’Goals from academy stars Eddie Nketiah and Joe Willock sealed the win for Arsenal, with established stars Alexandre Lacazette and Mesut Ozil watching on from the bench. The three points do little to Arsenal’s position in the Premier League table and the Gunners are nine points off Chelsea in fourth place.MORE: Mikel Arteta sends message to Bukayo Saka amid contract stand-offMORE: Mikel Arteta speaks out after Matteo Guendouzi is dropped for Southampton vs Arsenal clashFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram. For more stories like this, check our sport page. Coral BarryThursday 25 Jun 2020 9:10 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link3.3kShares Advertisement Comment Advertisementlast_img read more

USC administration increases tuition by $2,006 for next academic year

first_imgKatlyn Lee | Daily TrojanThe Board of Trustees has approved a 3.9 percent increase in undergraduate tuition for the 2017-2018 academic year, according to a USC press release. The new cost of tuition, $53,448, is up $2,006 from the current price.According to the statement released by the administration, the USC tuition hike is at a five-year average low, and “reaffirm[s] [USC’s] longstanding commitment to maintain one of the nation’s largest financial aid pools and access for qualified students.”Even with these increases, the University said that full tuition only covers 78 percent of the total cost of instruction, and the average cost of attendance  — which includes housing and fees — covers 57 percent. USC also noted that it has one of the largest financial aid pools in the nation, awarding over $545 million each year from all sources, and that Trojans graduate with less debt on average than students who attend other private universities.U.S. News and World Report placed USC in the top 10 most expensive tuition rates in the country for the 2016-2017 academic year, with mostly elite liberal arts colleges ranking ahead of it.“The value of a USC degree keeps getting stronger,” Provost Michael Quick said in the statement. “We want to create a high-touch environment that ensures all students have access to the world’s best faculty, academic programs that prepare them for the 21st century, high-value internships and career services, and an exceptional residential college experience.”Undergraduate Student Government President-elect Austin Dunn said he saw the news as a step forward for the University, as the administration was forthright about the news of the tuition increase, though the press release only covered the cost of tuition.“It was quite an accomplishment for us regarding transparency in financial decisions because the press release did provide a few infographics,” Dunn said. “We will be continuing to have quite a few conversations regarding the entire cost of tuition with President Nikias and Provost Quick.”Olivia Deveau contributed to this report.last_img read more

Dolly Partons Risky Playboy Shoot – A Serious Gamble for her Wholesome

first_imgDolly Parton is best known for her powerful voice and clean, wholesome, family-friendly image as a country music star. It may come as a surprise, therefore, to learn that in 1978 she posed for the infamous men’s magazine, Playboy. Playboy has a somewhat salacious reputation as a men’s lifestyle magazine that regularly features nude and semi-nude centerfolds of celebrity women. The very first issue of the magazine, in 1953, featured screen icon Marilyn Monroe.Since then, hundreds of famous women have appeared on its covers and centerfolds, with many of them choosing to pose nude.Dolly Parton accepting Applause Award for Dollywood, November 2010. Photo by Curtis Hilbun CC BY 3.0Although it’s widely known as an important part of the sexual revolution of the 1960s, Playboy has often come under attack as a result of its objectification of women and distinctly adult content. As a result, when wholesome country music star Dolly Parton decided to commit to a cover shoot, the entertainment industry was somewhat scandalized.In October 1978, Parton posed for Playboy and appeared on the cover, dressed in the iconic Playboy bunny outfit. She did not, however, agree to a nude shoot, and instead the magazine featured a series of bizarre photographs of her posing alongside a rather sinister-looking rabbit..Dolly Parton. Photo by Kingkongphoto CC BY-SA 2.0According to Rappler, Parton was actually the first country singer ever to pose for a Playboy cover. She had been approached by the magazine several times, but had always refused. She was concerned that Playboy’s racy reputation would taint her wholesome image, and didn’t feel that she had the clout to refuse a nude shoot.However, by 1978, Parton’s success meant that she was now in a position to dictate terms to Playboy, and she negotiated an appearance in the magazine that avoided any sort of nudity. According to the interview published in the October issue, she felt that a Playboy cover would be “a fun thing to do”.Dolly Parton in 1977.Although she was convinced enough to agree to the shoot, she was not, in her own words, prepared to compromise her principles and do the “whole dirty deal.” As a result, the Dolly Parton issue of Playboy stands out as a somewhat strange episode in the magazine’s history. Take a deeper look with the following video:Parton was dressed in a provocative bunny outfit, but the alluring effect was offset by the presence of a man posing alongside her in a full-body rabbit suit. This made the images funny rather than sexy, and they appear to have been carefully crafted to ensure that Parton’s wholesome image was not tainted.Porter Wagoner and Dolly Parton in 1969.Parton’s reasons for refusing a nude shoot were very sensible. Even in the 1970s, posing nude for a magazine could be a career-ending mistake for someone like her, who had a considerable amount of support from relatively conservative sections of American society. The Playboy shoot was, therefore, a gamble, and needed to be pitched carefully.At this time, Parton was already an established and successful artist in the country music scene, with a reputation for her powerful, striking voice. However, she wanted to break into mainstream pop and market herself to a broader audience. The Playboy shoot and interview can be seen, in this context, as a way for Parton to raise her profile and make her big break as a mainstream country-pop artist.With Carol Burnett, 1980.The strategy was overwhelmingly successful. In the years after the shoot, Parton rocketed to the top of the charts with numbers such as “9 to 5” and “Islands in the Stream.” Her acting career flourished and she became a global sensation.Read another story from us: Bowie Behind the Iron Curtain – His Bizarre Trip Through the Soviet UnionDolly Parton was asked to pose once again for Playboy in 2014. However, this time she refused. According to her website, she didn’t think that a Playboy shoot would be appropriate for her image, or compatible with the work that she now does with children and families. It just goes to show that even in the 21st century, Playboy still has the capacity to raise eyebrows.last_img read more