Sept. 8-9, members of the union from Sherwin Electric and Central Vermont Public Service journeyed to Athens, Vt., to volunteer for ABC-TVs Extreme Makeover: Home Edition. The award-winning program was in the small Windham County town all week refurbishing the home of the Vitale Family. IBEW electricians worked hand-in-hand with a crew led by Brandon-based general contractor the McKernon Group.”We interacted very well with the whole team down there,” said Sherwin Electric’s Marcel Cote. “It was impressive to see the amount of work that goes into a project like this. Without a doubt, our folks were honored to assist a Vermont family in need.”Sarah and Lou Vitale have two young sons, Kane and Louie Angelo Jr. Louie was diagnosed with multiple birth defects, including Arthogryposis, club feet, and skeletal displasia. Their home’s weak foundation was in immediate danger of collapsing. On stormy days, flooded hallways made the residence virtually impassable for emergency medical technicians.”The IBEW is all about helping people improve their lives. Given that commitment, it was a no-brainer for us to get involved with this touching project,” said Local 300 Business Manager George Clain. “Hopefully, the Vitales will now rest easier knowing their family resides in a safe, handicap accessible home. Our organization was thrilled to play a role in that.”Extreme Makeover: Home Edition is broadcast every Sunday at 8 p.m. on ABC. Hosted by popular television personality Ty Pennington, the show travels the country rebuilding homes of deserving families. The Vitale effort will air during the 2007-2008 season.Based in South Burlington, the IBEW Local 300 serves 1,200-plus laborers throughout Vermont. The organization is part of the International Brotherhood of Electrical Workers (IBEW), which is headquartered in Washington, D.C., and represents approximately 750,000 members who work in a wide variety of fields, including utilities, construction, telecommunications, broadcasting, manufacturing, railroads and government. The IBEW has members in both the United States and Canada and stands out among the American unions in the AFL-CIO because of its size and highly skilled constituency.For more information, contact Marketing and Business Development Director Matt Lash at (802) 864-5864, MLash@ibewlocal300.org(link sends e-mail) or www.ibewlocal300.org(link is external).”Extreme Makeover: Home Edition,” which has won back-to-back Emmy Awards as Best Reality Program (non-competitive), is entering its 5th season on ABC. The program is produced by Endemol USA, a division of Endemol Holding. Denise Cramsey is the executive producer; and David Goldberg is the president of Endemol USA.
Chevron to take massive write-down due to Appalachian shale woes FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Chevron Corp. announced Dec. 10 it expects to take a noncash, after-tax impairment charge of $10 billion to $11 billion in the fourth quarter, with more than half of that figure related to Appalachia shale assets.The California-based supermajor plans to cut funding for various natural gas-related investments, including Appalachian shale assets and the Kitimat LNG project in Canada, as it evaluates its strategic alternatives for these assets, including possibly selling them. Noting that it expects weaker commodity prices for the long term, Chevron said it is also taking an impairment charge related to its Big Foot offshore oil project in the Gulf of Mexico.The company on Dec. 10 unveiled a $20-billion capital spending and exploration budget for 2020, spanning upstream and downstream investments, including projects in the Permian Basin, the Gulf of Mexico and Kazakhstan.The company said it will need approximately $11 billion to sustain and grow currently producing upstream assets. This includes about $1 billion for international unconventional development and $4 billion for Permian development. Chevron said previously that it intends to ramp output further into the next decade, with a focus on building out shale operations in the Permian Basin. Chevron hopes to boost its Permian production to 600,000 barrels of oil equivalent per day by 2020 and to 900,000 boe/d by the end of 2023.Approximately $5 billion of the upstream program is planned for major capital projects underway. Global exploration funding is expected to be about $1 billion. Additionally, Chevron is earmarking roughly $2.8 billion for its downstream business.[Amanda Luhavalja]More ($): Chevron to take $10B write-down on U.S. shale-related assets, mulls divestitures
Historically the vast majority of energy subsidies have gone to developing fossil fuel resources. But that is beginning to change as part of the Obama Administration’s goal of cutting back on subsidies to the hugely profitable oil industry. In 2011, while $2.5 billion of tax dollars subsidized the fossil fuel industry in the form of tax breaks, some $16 billion went into subsidies for renewables and energy efficiency. Photo cred: ThinkstockEarthTalk®E – The Environmental MagazineDear EarthTalk: Renewable energy production in the solar and wind markets currently receives about $7 billion in government subsidies annually, but is still not competitive against fossil fuels on a large scale. To what extent should the U.S. continue to prop up these industries as they compete against dirty energy? — Jack Morgan, Richmond, VAGiven the importance of abundant amounts of energy for Americans, the federal government tends to subsidize all forms of energy development, including fossil fuels and renewables. A recently released report by the Congressional Budget Office (CBO) found that in 2011 the federal government spent $16 billion of our tax dollars in subsidies for the development of renewable energy and increased energy efficiency, and only $2.5 billion in subsidies to the fossil fuel industry in the form of tax breaks. But this breakdown in favor of larger subsidies to alternative renewables is a recent product of President Obama’s stated goal of cutting back on subsidies to the hugely profitable oil industry.Historically the vast majority of energy subsidies have gone to developing fossil fuel resources and reserves. The CBO notes that until 2008 most energy subsidies went to the fossil fuel industry as a way to encourage more domestic energy production. A report by the non-profit Environmental Law Institute (ELI) confirms that, between 2002 and 2008, the federal government provided substantially larger subsidies to fossil fuels than to renewables. “Subsidies to fossil fuels—a mature, developed industry that has enjoyed government support for many years—totaled approximately $72 billion over the study period, representing a direct cost to taxpayers,” reported ELI. “Subsidies for renewable fuels, a relatively young and developing industry, totaled $29 billion over the same period.”Even though subsidies to the oil industry may be down substantially from what they once were, the Obama administration and many others would like to see any such subsidies to the oil industry stripped completely. This past March the U.S. Senate rejected the so-called “Repeal Big Oil Tax Subsidies” bill that would have eliminated several of the tax breaks still enjoyed by the five largest oil companies—and use some of the proceeds to extend expiring energy tax provisions including tax breaks for renewable energy, electric cars and energy-efficient homes.A September 2011 report from DBL Investors, a San Francisco-based venture capital fund specializing in renewable energy, backs up environmentalist calls for increased subsidies for renewables by showing how early subsidization of other energy keystone sources helped secure their respective dominant places in the energy marketplace. The report calculates that, in the U.S., nuclear subsidies accounted for more than one percent of the federal budget in their first 15 years, and that oil and gas subsidies made up one-half of one percent of the total federal budget in their first 15 years. Subsidies for renewables, in contrast, have constituted only about one-tenth of a percent, the report concludes.While the pendulum of energy subsidies may be swinging in favor of renewables in the last year or two, such momentum can be lost easily if lawmakers don’t extend various incentives and credits that have helped drive it.CONTACTS: CBO, www.cbo.gov; ELI’s “Estimating U.S. Government Subsidies to Energy Sources: 2002-2008,” www.elistore.org/Data/products/d19_07.pdf; DBL Investors, www.dblinvestors.com.EarthTalk® is written and edited by Roddy Scheer and Doug Moss and is a registered trademark of E – The Environmental Magazine ( www.emagazine.com). Send questions to: email@example.com. Subscribe: www.emagazine.com/subscribe. Free Trial Issue: www.emagazine.com/trial.
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York An unidentified man died after crashing his truck in Brookhaven over the weekend.Suffolk County police said the driver was heading southbound on Horseblock Road in a 1995 Chevrolet Suburban when his vehicle struck a tree on Montauk Highway at 4:30 a.m. Sunday.The driver, whose identity was not immediately released, was pronounced dead at the scene.Fifth Squad detectives impounded the vehicle, are continuing the investigation and ask anyone who may have witnessed this crash to call them at 631-854-8552.
It’s easy enough to think of an investment as a rip-off when it plummets in value for legitimate reasons: market forces, the outmaneuvering of a competitor or even the lavish spending of a CEO who flies the company jet to wine and dine girlfriends on every continent, including Antarctica.OK, so that last one’s a joke. But it’s truly no laughing matter when investors succumb to scams and shams that turn money into a liquid asset of another kind: one that pours down the drain.“Invest in things that you understand,” says John Huber, a principal with Atlanta-based Financial Discovery Group. “If you have to draw a flow chart to figure out where the cash goes, it may be too complicated.”Despite Huber’s view from the perch of experience, too many investors take the bait from unscrupulous wolves dressed in chic clothing. This is especially true for baby boomers and older investors who have accumulated sizable retirement accounts, according to the Retirement Industry Trust Association: “Pursuit of seniors’ nest eggs is one of the fastest-growing consumer fraud issues today.” continue reading » 23SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
On November 20, 2020, the Federal Reserve along with the FDIC and OCC published an interim final rule to mitigate the costs to banks of crossing asset-based regulatory thresholds sooner than expected. Just in time for Thanksgiving, the rule permits banks under $10 billion in total assets as of December 31, 2019 (community banking organizations) to use asset data as of December 31, 2019, in order to determine the applicability of various regulatory asset thresholds during calendar years 2020 and 2021. One of the significant thresholds covered under the rule is the trigger for debit interchange caps, which were instituted by the Durbin Amendment as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Durbin Amendment modified the Electronic Fund Transfer Act (EFTA) to restrict the routing and pricing of electronic debit transactions by card issuers, and the Federal Reserve has implemented these statutory provisions in Regulation II (12 CFR Part 235).From an advocacy standpoint, NAFCU opposes interchange price caps, which have had the effect of depressing credit union fee income while transferring wealth to retailers. One recent study of interchange doubts whether this transfer corresponded with any meaningful benefit to consumers, but does note evidence of higher retailer margins.For most credit unions, the transition to interchange compliance can be managed adequately with planning. But some have grown faster than expected in 2020 and are eager to take advantage of any mechanism to avoid an unexpected hit to their bottom lines. The interim final rule explains that a community banking organization that was below an asset threshold covered by the rule (e.g., the $10 billion threshold applicable to small issuers under § 235.5) as of December 31, 2019, generally will be deemed to remain below that threshold through the end of 2021. The second to last column in the chart below illustrates how this framework effectively delays recognition of asset growth and postpones compliance. The last column illustrates that the relief is temporary and the default asset measurement approach will resume after 2021. This is placeholder text continue reading » This post is currently collecting data… ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
– Advertisement – Oh, to be in D.C. today.Delusional MAGA-bots stormed the Capitol, but they weren’t alone.Let’s take a moment to see what this historic moment looked like for the nation’s new leadership. Here’s a snapshot from Biden’s daughter.The epic, super-big deal that is a woman of color ascending to veep is not lost on ANYONE.It’s baffling, when you think about it. This country is so sexist, and racist.But, today is a new day. This is a very, very big deal.xFor the first time in American history, come January 20, 2021, the second and third in line to the presidency will both be women.— Kristin Wilson (@kristin__wilson) November 7, 2020The woman who should have been the nation’s first woman president only had kind words on offer.x Sec. Hillary Clinton was far from the only big name to celebrate the brighter days ahead.Folks celebrated wherever they were. 11/07/2020 is an entire MOOD.Cher is known for being quite vocal—often in all-caps—on Twitter, but she held back … “for Joe.”xCan’t Believe It ,IM SO SO, SO,SO HAPPY😭.It Would Be Easy To Post Horrible Pictures & Cartoons Oftrump,but Knowing Joe,He Really Means What He Says About Being The President ForEVERY🇺🇸,& As Tempting as itWOULD BE,OUT OF RESPECT FOR JOE I WONT POSTHORRIBLE PICS OF trump🙄— Cher (@cher) November 7, 2020Even musicians known for being melancholy couldn’t stifle their joy. Another famous Brit, while celebrating the Biden-Harris victory, reminded us how much Trump has hurt perceptions of the U.S. around the world. xI’m so looking forward to coming back to an America free of harsh words and name calling and be amongst people who I know have common ground and harmony. It’s a challenge but it can be done!— Mick Jagger (@MickJagger) November 7, 2020Seriously. It’s not just we who have been forced to live under Trump who are relieved. It’s the whole damn world. Elsewhere in Europe …And on the other side of the globe …But let’s get back to the cities that made this happen. What’s happening, Atlanta? Masks up, flags up. Georgians aren’t worried about a recount … if Trump even pays for one.I’m not sure where this happened but I feel like this MAGA-bot didn’t expect this response.But sure, dude, let’s check in with MAGAworld. Just for a minute. This poor child (who is probably a teenager by now) is so close to freedom (from memes, anyway).The silence truly was deafening from the right …xHere’s what Mitch McConnell & his team have tweeted about since the presidential race was called in Joe Biden’s favor:MCCONNELL: No tweetsTHUNE: DittoBARRASSO: SameBLUNT: SameERNST: SameYOUNG: List of restaurants that are open in Indy— Laura Litvan (@LauraLitvan) November 7, 2020… unless they were spewing nonsense.Wow. We deserve a palate cleanser after that. In fact, we deserve two. My dearly departed hero made a promise we helped prove true. x“Be kind. Be hopeful. Be optimistic. Never get down. It’s all gonna be okay…We’re one people. We’re one family. We all live in the same house.” – John Lewis pic.twitter.com/Bbhc3xsysw— Tim O’Brien (@TimOBrien) November 7, 2020Dammit. Who’s cutting onions? Nobody, actually. I’m crying. Rep. Lewis was right. It is gonna be okay. It is gonna be alright. But before we put the Kleenex away, let’s check in with another American hero.Time for a laugh .This definitely cracked me up. Be sure to watch till the end. Seriously, though, let’s give credit where it’s due. xIt’s also really important to mention this: non-white voters saved this democracy. GA would not have flipped, and overall Democratic turnout would’ve been insufficient w/o Black and Latino voters— abe 🎃 (@abel_craig) November 6, 2020Hooray for Black voters! I worked at a 100% Black precinct that got drowned out by racist white voters for Trump. I cried on Election Night, but then …xLet’s go!!!!! Black voters came through…again. Be proud as hell but do not stop! We must stay organized and keep working. We just tipping off. I promise you I’m here for y’all throughout! ✊🏾💪🏾🖤 @Morethanavote pic.twitter.com/Zi1NInJeOd— LeBron James (@KingJames) November 6, 2020And it wasn’t just Black voters.xAnd the Navaho Nation! :1. of the 85,000 registered voters on Navajo 76,000 voted. 89% turn out2. Of those 76,000 voters 74,000 voted for Biden & 2,000 for Trump3. Biden’s current lead in Arizona sits at about 40,000♥️♥️♥️Ya’ah’teeh MFs— seabird (@burdettchris) November 7, 2020Indigenous people made a HUGE difference in this election. xWith a lot of talk about Native voting in Arizona. I thought I would share 2 maps. The left is a map showcasing all 22 tribes in the state. The right an updated 2020 voting results maps by precinct. This give you an idea of how Indigenous communities voted in the 2020 election. pic.twitter.com/scrWENDVO2— Shondiin Silversmith⁷ (@DiinSilversmith) November 6, 2020A big ¡gracias! to the Latino voters! xLatino voters turned up and helped turn AZ blue for the first time in 24 years. Not only are we taking your jobs, we’re taking your states too! 😂😂😂— Liz Gonzales (@TheLizGonzales) November 4, 2020The Biden-Harris win at the hand of Americans of color certainly doesn’t fix what Trump’s done to this country, though—or the hatred that ushered him into power in the first place. xVictory is not enough. It must be followed by de-Nazification.— Victor Laszlo (@Impolitics) November 7, 2020The Trump “empire” hasn’t fallen, not by a longshot.Just look at the popular vote, and how close it was. Roughly 70 million voters were just fine with four more years of Trump. Chances are, you know some of them.xcan’t believe we have to skip the one thanksgiving where WE get to be annoying as fuck about the election— Kate Halliwell (@katehalliwell) November 7, 2020But for every Uncle Racist and Aunt Trumplover out there, there’s a Grandma Liberal. I hope you didn’t put your Kleenex away.I’m a sucker for dates and anniversaries and such, so this one got me in my feelings.xCNN reports Biden was first elected to the senate this day in 1972.— Jewel Wicker (@jewelwickershow) November 7, 2020President-elect Biden’s victory video was very moving, too. xAmerica, I’m honored that you have chosen me to lead our great country.The work ahead of us will be hard, but I promise you this: I will be a President for all Americans — whether you voted for me or not.I will keep the faith that you have placed in me. pic.twitter.com/moA9qhmjn8— Joe Biden (@JoeBiden) November 7, 2020I could go on forever, but I’m gonna end things here.Look. I know I missed a TON of great celebrations in most of the cities who helped make this win happen, but I have a deadline and I’ve been working on this all day. So drop YOUR favorite scenes from Victory Day (are we calling it that?) below, and let’s have a victory party of our own in the comments!Democrats can win the Senate. Are you still in this fight? Donate now to Jon Ossoff and Raphael Warnock to win the Georgia runoffs. My yard is full of signs that make clear EXACTLY where I stand, so I guess I shouldn’t have been surprised when, almost as soon as the election was finally called for Biden and Harris Saturday morning, my neighbors—even those I’d never met—descended for some celebratory bubbles. Once I stopped sobbing with joy, a neighbor took the best photo of me ever taken. Yes, my shirt does say “Anyone but Trump 2020.” I bought it just before Trump’s poorly-attended inauguration.Of course, not all of my neighbors were happy. Mysteriously, the “Make Liberals Cry Again” flag has vanished from the house five doors down. And then this happened.- Advertisement – Alas, I don’t live in a major city. I live in a sleepy small town in Trump country. Let’s see what was happening in New York City. Seriously. The entire city exploded with joy. Here’s an impromptu march, marked by the former reality TV star’s catchphrase.- Advertisement – Meanwhile, in Brooklyn, those who Trump tried to enlist as his accomplices in stealing the election were celebrated.They also did their own bit of celebrating. While the hometown that rejected him rejoiced, Donald Trump was golfing. Yes, really. Washington, D.C. residents welcomed him back to his soon-to-be former home in the way you might expect.People do not like the 45th occupant of the White House. Trump risked the life of his Secret Service detail to wave at supporters outside Walter Reed when he had COVID-19. He didn’t wave at this crowd.This gentleman had a special gift for the one-term president.After months of being force-fed footage of Trump Super Spreaders, folks were happy to sing Trump’s signature rally song to him once he was home.x xTo have had the pleasure of walking around New York today during this historical moment, as the news hit, and seeing New Yorkers smiling, singing, waving, dancing and playing songs on their pots and pans from their balconies has been PURE magic. I felt like I was in a movie. 🇺🇸❤️ pic.twitter.com/YVhHZnvCUP— Jameela Jamil 🌈 (@jameelajamil) November 7, 2020People were literally dancing in the streets … together.Even native New Yorkers were struck by the widespread, vocal celebration.- Advertisement –
To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters
Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.
PLSA Brexit taskforce, Eversheds, JP Morgan Asset Management, PensionsEurope, Caisse des Dépots, Lyxor, Hargreaves LansdownPLSA Brexit taskforce – The UK Pensions and Lifetime Savings Association has established a Brexit taskforce chaired by Joanne Segars, chief executive of the PLSA. The external members are Francois Barker, partner and head of the pensions group at Eversheds; Sorca Kelly-Scholte, head of EMEA Pensions Solutions & Advisory at JP Morgan Asset Management; Matti Leppälä, chief executive at PensionsEurope; and Alex Christie, strategic adviser at JP Morgan Asset Management. Segars said she convened the taskforce to ensure pensions were not “treated as an afterthought, in what happens post-Brexit”.Caisse des Dépots – Jean-Pierre Sicard has left France’s state-backed financial institution Caisse des Dépôts, where he was deputy director general of CDC Climat, the group’s arm dedicated to fighting climate change, until August 2015. He was president of Novethic, an ESG research and fund certification provider, until September 2016. Sicard is the founder of Novethic. He was the sustainable development director at Caisse des Dépôts from April 2004 to March 2009. He left the Caisse des Dépôts group earlier this month to pursue charitable activities and interests in the performing arts. I4CE (Institute for Climate Economics) was created in 2015 as the successor organisation to CDC Climat.Lyxor – Adam Laird has been appointed head of Northern Europe ETF strategy. He joins from Hargreaves Lansdown, where he held a variety of roles before specialising in and overseeing the company’s passive investment business.