Government gives LPS more power to prevent bank failure

first_imgThe law has been implemented to prevent economic meltdown as it allows the government to widen the state budget deficit beyond the legal limit of 3 percent and Bank Indonesia (BI) to directly buy government bonds to help finance the budget, among other things.The COVID-19 pandemic has threatened the stability of the financial system, as it causes supply-demand shock and weakens the financial industry and macroeconomy, according to the Financial System Stability Committee (KSSK) in its first quarter report issued in May.The loan disbursement rate among banks grew just 3.04 percent year-on-year (yoy) in May, much slower than 5.73 percent in April, as the coronavirus battered the real sector.The banking industry’s capital adequacy ratio (CAR), meanwhile, stood at 22.16 percent in May, up slightly from 22.13 percent a month before, Financial Services Authority (OJK) data show. It continued to book an 8.87 percent increase in third-party funds in May.OJK data also show that banks have provided 6.35 million debtors with credit restructuring worth Rp 695.3 trillion as of June 22, as part of the authority’s move to provide relief for borrowers affected by the outbreak.Previously, publicly listed Bank Bukopin had to limit customers’ withdrawals due to liquidity issues and shareholder commotion that prevented them from injecting more capital into the bank. The reports triggered panic among customers, as the OJK tried to calm them, and pushed Bukopin’s shareholders to finalize the capital injection plan.Halim said should the struggling banks had failed to improve their liquidity after the fund placement, the bank would be handed over to the OJK before being dissolved.Other than providing a lifeline for problematic banks, the new regulation also enables the LPS to place funds in healthy and liquid banks to manage or increase LPS liquidity.The PP furthermore allows the LPS to seek other methods to raise funds in its effort to prevent banks from failing.The methods include having government bond repurchase (repo) agreements with BI, sales of government bonds to the central bank, allowing the LPS to issue its own debt papers and seeking loans from domestic or foreign parties, so long as they have no conflict of interest with LPS’ duty or incite  a negative perception and reduce the public’s trust in the corporation.These financing methods were previously unheard of in the 2004 LPS Law, as the law had only allowed the corporation to seek financing through government loans if it needed more liquidity.The LPS is still able to seek loans from the government but it should be the last resort if the corporation fails to increase its liquidity through the aforementioned methods.Senior economist Aviliani lauded the regulation, saying that it allowed the corporation to take a more proactive approach in protecting banks that had paid premiums to the LPS and would help prevent bank failure during the COVID-19 pandemic.“Receiving a fund placement from the LPS can at least restore customers’ trust in the banks for a short while and prevent them from rushing to get their money out of the banks,” she told The Jakarta Post over the phone on Friday.Center on Reform of Economics Indonesia economist Piter Abdullah also praised the government’s effort to allow the LPS to seek more funding, as he projected the corporation would need it to anticipate a rise in problems faced by banks amid the pandemic.Topics : The new regulation allows the LPS to place a maximum 2.5 percent of its assets in one bank and a maximum 30 percent of its assets in all banks.The LPS’ total assets reached Rp 120.58 trillion (US$8.35 trillion) at the end of 2019. It also had Rp 114.53 trillion in securities investment, with liabilities reaching Rp 751 billion and total equity of Rp 119.83 trillion.Fund placement in both healthy and struggling banks will be temporary, as the regulation only allows the LPS to place the funds for a maximum one month, with up to five extensions.“This is an extraordinary preventive move as a direct follow-up to Law No. 2/2020 to prevent further disruption in our financial system,”LPS commissioner board head Halim Alamsyah said during a virtual press conference on Friday. The government has issued a regulation that gives the Indonesian Deposit Insurance Corporation (LPS) more room to manage its own liquidity and to prevent banks from failing in an effort to help strengthen the country’s financial system stability.Under Government Regulation (PP) No. 33/2020 on the LPS’ authority in imposing measures to deal with financial stability issued on July 7, the corporation can now place funds in banks during the economic recovery from the impacts of COVID-19, among other things. The placement aims to strengthen the LPS’ liquidity and/or to anticipate or solve financial problems that can result in bank failure.Previously, the LPS was only able to take a reactive approach, as it was tasked with rescuing insolvent banks by liquidating them by taking over shareholder duty, selling or transferring assets and reviewing and canceling unprofitable agreements to help solve their liquidity problems, as stipulated in Law No. 24/2004.last_img read more

Governor Wolf: 1,000 Students to Get On-the Job Experience at Local Employers

first_imgSouthwest Corner Workforce Development Board$94,358 Luzerne/Schuylkill Workforce Investment Board$317,963 Philadelphia Works, Inc.$730,065 Governor Wolf: 1,000 Students to Get On-the Job Experience at Local Employers Montgomery County WDB$106,088 Bucks County Workforce Development Board$217,663 West Central Workforce Development Board$141,632 Central Pennsylvania Workforce Development Board$390,344 “These funds will allow us to expand opportunities for youth employment with public sector, for-profit and non-profit employers, and establish exciting career paths for young adults,” said L&I Secretary Jerry Oleksiak. “Governor Wolf wants to build the strongest workforce in the nation and has proposed additional funding for his PAsmart initiative to further improve access to education, apprenticeships and training programs for students and workers.”The SLIP funding to encourage internship opportunities is in addition to Governor Wolf’s recent budget request for additional funding for the PAsmart initiative. PAsmart grants will encourage partnerships with private industry throughout Pennsylvania with on-the-job training, and also support science and technology education in fast growing careers.The 2019 SLIP is 100 percent funded through federal money made available from WIOA.For more information about pursuing an education and career in Pennsylvania at any stage of life, visit PAsmart. Tri-County Workforce Development Board$53,112 Lancaster County WDB$109,718 February 22, 2019 Partner4Work$146,138 Education,  Press Release,  Workforce Development Harrisburg, PA – Governor Tom Wolf continued his commitment to provide students and young adults with the work experience opportunities to succeed in college or start their careers. Today the governor announced $4.4 million for local summer internship programs.“These funds will provide at least 1,000 young Pennsylvanians with paid work experiences to help them develop the job skills they need to succeed in our 21st century economy,” said Governor Wolf. “The State/Local Internship Program (SLIP) provides for summer internships with local employers across the commonwealth to give program participants the real-world work experience they need to pursue future employment opportunities.”The Pennsylvania Department of Labor & Industry (L&I) provided SLIP funding to all 22 Local Workforce Development Boards (LWDBs) that submitted proposals. The program, funded through the federal Workforce Innovation and Opportunity Act (WIOA), helps young adults develop workforce preparation skills helps and provides participants with their first work experience.The 2019 SLIP will operate for an eight-week period between May 6 and August 30, 2019. The program will offer wages at a minimum of $10.35 an hour for young adults between the ages of 16 and 24 years.Following is a list of the 22 LWDBs that received SLIP funds: Chester County Workforce Development Board$28,893center_img Pocono Counties Workforce Development Board$220,137 Northwest WDB$83,122 LWDBFunding Lehigh Valley Workforce Development Board$415,306 Northern Tier Workforce Development Board$94,778 Berks County Workforce Development Board$59,602 Delaware County WDB$130,636 North Central Workforce Development Board$430,971 Lackawanna County Workforce Development Board$106,221 Southern Alleghenies Workforce Development Board$221,841 SCPa Works$177,039 Westmoreland/Fayette Workforce Development Board$124,372 SHARE Email Facebook Twitterlast_img read more

Steelers make Pouncey highest-paid center in NFL

first_imgThis is a 2014 file photo of Pittsburgh Steelers NFL football center Maurkice Pouncey. (AP Photo/File)PITTSBURGH (AP) – As he lay on the Heinz Field turf last September, his right knee in tatters, Maurkice Pouncey admits there was a small part of him that feared his football career might be in jeopardy.The Pittsburgh Steelers never doubted. They signed him to a five-year contract extension Thursday that averages $8.8 million per season, making Pouncey the highest-paid center in the NFL.Words can’t explain it,” Pouncey said while fighting back tears, barely nine months removed from a torn ACL that ended his 2013 season moments after it began.The only center in league history to make the Pro Bowl in each of his first three seasons is nearly all the way back from surgery to repair the knee after teammate David DeCastro fell on it eight plays into last fall’s season opener against Tennessee.The 24-year-old Pouncey insists he’s “totally fine.” The new financial deal puts him just ahead of the agreement signed by Cleveland’s Alex Mack in April.However, getting paid was the least of Pouncey’s concerns. Entering the final year of the contract he signed after the Steelers took him with the 18th overall selection in the 2010 draft, Pouncey simply ordered agent Jason Segal to get to work.“I didn’t have much role in it,” Pouncey said. “I told my agent to get it done as soon as possible so we could move on to other things.”In this Aug. 19, 2013, photo, Pittsburgh Steelers center Maurkice Pouncey (53) prepares to snap the the ball to quarterback Ben Roethlisberger (7) during an NFL preseason football game against the Washington Redskins in Landover, Md. (AP Photo/Patrick Semansky)Namely getting the Steelers back into the postseason. Considered one of the most athletic linemen at any position in the NFL, Pouncey provides Pittsburgh with a gifted anchor to protect quarterback Ben Roethlisberger.“That group up front is a special group as it is,” Roethlisberger said. “He’s the glue that holds them all together.”Even if the glue comes at a significant price.Pouncey has only played a full 16-game schedule once in his first four seasons and was forced to sit out Pittsburgh’s loss to Green Bay in the 2011 Super Bowl with a sprained ankle. Though he won’t turn 25 until August, he finds himself as the linchpin of a unit whose oldest player is 28-year-old guard Ramon Foster.“He’s worked his butt off man,” Foster said of Pouncey. “It’s good to see his hard work is coming around to him. We’re glad to have him back and the team commit to him like that.”It’s a commitment that never wavered as Pouncey underwent surgery and a grueling rehab last fall. Although Roethlisberger maintains Pouncey could have returned before the end of the 2013 season, the arduous recovery process isn’t quite over. While Pouncey was a full participant in organized team activities that wrapped up on Thursday, he remains involved in near daily rehab work.The goal is to be 100 percent by training camp in July. The contract means Pouncey won’t have to deal with any potential distractions about his future. Besides, he never planned on leaving anyway. Free agency didn’t appeal to him, particularly after the loyalty shown by the Steelers from the moment they chose him to follow in a line of great centers that includes Hall of Famers Mike Webster and Dermontti Dawson.Pouncey’s career arc is trending in that direction. Having the game taken away from him last September makes him eager to get back to work.“I’ll do anything for this team,” Pouncey said. “There’s true love here.”___AP NFL website: www.pro32.ap.org and www.twitter.com/AP_NFLlast_img read more

Kings Burn Canucks’ Special Teams To Take 2-0 Series Lead

first_img Vancouver needs to stick to their game.  While their compete level wasn’t perfect at all times tonight, the Canucks have been the better team at even strength in this series.  If they can clean up the special teams, score occasionally on the power play, and not give up copious amounts of shorthanded goals, they will be successful. The Canucks put a much better effort on the ice tonight, but special teams were their Achilles heel, to the point that I think it’s more appropriate to refer to them as “Special Needs Teams”.  The power play, struggling as far back as mid-December, was again 0 for 5.  While the power play generated 10 shots on net, at times it was ridiculously poor. The Canucks had trouble gaining the Kings’ zone on multiple occasions, and continually made bad passes and other mistakes which prevented them from generating a lot of scoring chances.Not only did the power play fail to generate offense, it allowed the two shorthanded goals.  Alex Edler, who is playing his worst hockey of the season at exactly the wrong time, gave the puck to Anze Kopitar in the defensive zone, a gaffe that led to the Kings’ first goal. Dan Hamhuis, one of the Canucks’ steadiest defensemen, stumbled at the point which allowed Brown to speed past him, and score on a breakaway to put the Kings in front for good early in the second period.  Truly, it’s at the point that the Canucks should not ice their fifth skater, it’s better if they play even-up if the other team takes a penalty.The Kings’ power play added a goal of its own midway through the third period, which effectively iced the game.So far in this series, the Kings have scored seven non-empty net goals.  Of those, they have scored three on the power play in 12 opportunities, and have two shorthanded goals in 10 Canuck power plays.  On the flip side, the Canucks are 0 for 10 on the power play. At even strength, the Canucks have badly outshot L.A., and have actually outscored them 4-2. GAME OBSERVATIONS After watching tonight’s game, one really wonders what is going on with this team.  What happened to the team that we iced last season in the playoffs?  These guys just appear disinterested and for the second night in a row, the Canucks were outworked too often, losing puck battles, and generally not moving their legs and losing races to the puck.  In the playoffs, desire is what is required, as a team’s will is more important than its skill.  The Kings have appeared the hungrier team thus far in the series and that is why they are ahead 2-0.  Their forecheck has been right on top of our D-men and they’ve been turning the puck over.  It’s ugly to watch, and the Canucks need to work harder and think more quickly. Alex Edler.  In my mind, coach Alain Vigneault needs to seriously consider making him a healthy scratch and having him watch from the press box.  Saying that is something, Edler was an all-star this year and had a great first half.  His play in the second half has been just this side of horrible and tonight, it was even worse.  Brutal giveaway on the first goal, and another on the third goal when he was unable to clear the puck.  He just doesn’t look right. Roberto Luongo was good in net for the Canucks tonight.  That said, his numbers in the first two games are now as follows: GAA – 3.62, SV% – .891.  Those numbers are not good enough to win.  I’m certainly NOT “blaming” Luongo, his performance tonight was not like we have seen in his meltdowns – this is NOT his fault.  However, the goals tonight were all stoppable, if he were able to come up with a big save.  He wasn’t his best tonight.  Two games is a small sample size, and I get that, but at some point the numbers don’t lie.  We saw a classic “Luongo on his belly” on the Brown breakaway, and a bad “leak through” goal in the third. Leigh Ramsden lives in Vancouver and is an avid Canucks fan, having been a partial season ticket holder for over 10 years. He’s old enough to have witnessed all three Stanley Cup losses, as such, his prime goal is to remove those scars by seeing a Cup brought to Vancouver. Leigh is Fighting For Stanley’s (www.fightingforstanley.ca/vancouver) west coast correspondent, and will also blog after all Canuck games for The Nelson Daily.The Vancouver Canucks entered game 2 against the L.A. Kings knowing that another effort like they had in game one wouldn’t be good enough.  On Friday night at Rogers Arena, the Canucks played better, but special teams absolutely killed them as they dropped a 4-2 decision to the L.A. Kings, as they went down 2-0 in the series.  The Canucks are now facing a monumental uphill battle, as they will have to win four games out of the next five with three of those coming on the road.Dustin Brown led the Kings offensively and was a deserving recipient of the game’s first star, as he scored twice shorthanded and added another assist.  No other Kings tallied more than one point. Generally, the Kopitar-Brown-Williams line has been a beast in the first two games.  The Richards-Carter-King line, dominant in game one, pretty much disappeared tonight, finishing minus-6 while recording no points.Overall, the Canucks were pretty dominant 5 on 5 against the Kings.  The Canucks ended up outshooting L.A. 48-26 in the game, and 38-26 in the second and third periods.  While everyone is ruing the Canucks’ inability to score, the team built itself to win tight, low scoring games and started playing a more conservative style coming down the stretch.  Similar to last year’s finals, I’m not pinning these losses on an inability to score – rather, the Canucks are not keeping the puck out of the net.  The team needs to score more, for sure – but as they were built and the style they have been playing, four goals against is too many if they want to win. I lambasted Ryan Kesler in this space after game 1 – and tonight, he was way better.  He was the Canucks’ best player, worked hard all night, and was the only forward who consistently made things happen in the Kings’ zone.  Also, he didn’t dive, chirp the referees, or the other team.  It was an infinitely better performance from him and tonight he gave the team what it needed.  More games like this, and the puck will start going in for him and his linemates.center_img What is happening to the Canucks is not reflecting well on the coaching staff.  If the Canucks lose this series, there are a lot of questions that will be asked about Vigneault and his ability to motivate this group of players.  In my opinion, only a Stanley Cup win should save his job; but more realistically, if the Canucks lose in the first round, I think it’s virtually assured that he’ll be heading up the Montreal Canadiens next year. PARTING SHOTSBroadcast Observation of the Night:  Bruce Boudreau has been a nice addition to the Hockey Night in Canada broadcast.  He obviously knows the game, and even though he’s employed in the league, he’s not afraid to speak his mind and tell it like he is.  He’s a very affable sort of guy and I think he’s great, his analysis is sound, and the fact he’s a current NHL coach lends him an aura of respectability.  He’s a great addition to their coverage. Two things on the power play:  1)  The neutral-zone drop pass – this hasn’t worked well for MONTHS.  It worked well early in the season, but around Christmas (when the power play went into the tank), teams were figuring it out and giving the Canucks fits in the neutral zone.  They need to just get rid of it – it led directly to the Kings first goal.  2)  One thing I’ve noticed is that the teams having success killing our penalties are being extremely aggressive on the puck while they’re killing the penalty, and our guys just aren’t moving the puck fast enough.  I’m not a coach in the NHL, and it’s obvious to me – I don’t understand why it’s not obvious to the team’s coaching staff.  Every team is doing the same thing, and it’s working.  Newell Brown – crunch time – you need to earn your paycheque.  Make some adjustments and get it working. TAKING STOCK OF WHERE WE’RE AT It’s too early to write the Canucks off.  Just last year, the Boston Bruins lost the first two games of the playoffs at home, and we all know how that turned out for them.  In addition, Cam Charron at Canucks Army noted that back in 2001, the upstart Canucks jumped out to a 2-0 lead over the Presidents’ Trophy winning Detroit Red Wings, before Detroit found their game and steamrolled the Canucks in the next four games straight.  Statistics show that a team going down 2-0 still has an approximate 25% chance of winning, so this series is far from over.  In recent years, we’ve seen numerous series look over but then the momentum changes and the team that’s down comes back – consider the Blackhawks against the Canucks last year in the first round.  Perhaps freshest in their minds will be the Stanley Cup Final – the Canucks won the first two games and Boston came back to win.  It’s very easy to get discouraged after losing a couple games like this, but this mountain in front of the Canucks right now is not too big to climb. I predicted a seven game series here and I still think the Canucks are going to play better on the road and hopefully climb back into the series.  At this point, they need to take things “one game at a time” – it’s the only way to go forward. Lots of chatter after the game tonight about who should start in net in game 3.  Last year, in the first round after two consecutive losses, Vigneault started Schneider to mix things up.  I am very confident that Schneider will be the starter for game 3.  As noted, Luongo wasn’t bad tonight – but he wasn’t that great either.  The team does seem to play better and tighter defensively in front of Schneider, and at this point, a change is needed. There were many warning signs of this type of performance as the team came down the stretch.  However, at all times I had faith that the team, having learned lessons in playoff years past, knew what it would take to get the job done.  At this point, I have to seriously question whether I was right.  So far, it appears I wasn’t.last_img read more

STABLE NOTES BY ED GOLDEN – FRIDAY MARCH 25, 2016

first_imgTWO MORE SOPHS POINTED TO SANTA ANITA DERBYNYQUIST BREEZES FOR MOHAYMEN SHOWDOWNGLORY, GLORY HALLEJULAH IN SANTA ANA STAKES?D’AMATO ENJOYING ‘DREAM’ MEET AT SANTA ANITADESORMEAUX SETS HIS SIGHTS ON NEW HORIZONS IRON ROB, DENMAN’S CALL EYE SANTA ANITA DERBYIron Rob and Denman’s Call, the one-two finishers in the San Pedro Stakes at six furlongs on March 20, are being pointed to the 1 1/8-mile Santa Anita Derby on April 9, their trainers said Friday morning.Iron Rob, a bay Twirling Candy colt who upset 2-5 favorite Denman’s Call by a length and a half in the San Pedro, will retain jockey Stewart Elliott for the Derby, trainer George Papaprodromou said, while Rafael Bejarano replaces Flavien Prat on Denman’s Call in the Grade I, $1 million Santa Anita Derby, according to trainer Doug O’Neill.The two newcomers are expected to join the first five finishers in the Grade II San Felipe Stakes that was run on March 12: Danzing Candy, Mor Spirit, Exaggerator, Uncle Lino and Smokey Image.“We’ll try to stretch him out,” Papaprodromou said of Iron Rob, who was nearly 10-1 when he won the San Pedro. “It’s worth taking a shot.”Bob Baffert, trainer of Mor Spirit, will be seeking his record eighth Santa Anita Derby victory, having won with Cavonnier (1996), Indian Charlie (1998), General Challenge (1999), Point Given (2001), Pioneerof the Nile (2009), Midnight Interlude (2011) and Dortmund (2015).O’Neill has two Santa Anita Derby victories, with I’ll Have Another in 2012 and Goldencents in 2013. NYQUIST FINISHES ‘STRONG’ IN FLORIDA DERBY DRILLUndefeated male two-year-old champion of 2015 Nyquist worked five furlongs Friday morning in 1:03 under Jonny Garcia in the colt’s final major drill before leaving Monday for Florida where he will face unbeaten Kentucky Derby favorite Mohaymen in the $1 million Florida Derby at Gulfstream Park a week from Saturday, April 2.Santa Anita clocker Dane Nelson had Nyquist going the last half-mile in 49.60. Nyquist worked with stablemate Pay the Fine who was timed in 1:04.40.“It was a good drill,” trainer Doug O’Neill said on a picture-perfect but busy Friday morning. “Nyquist finished up really strong and I’m very optimistic about next week.“He’ll walk tomorrow, track Sunday, and fly out on Monday. That’s the plan. I’ll be leaving the same day.” DESORMEAUX SEEKS FRESH START WITH PEGRAMAt the age of 46, Kent Desormeaux has resurrected his Hall of Fame career and has no intention of slowing down.His eyes are on the future, which is one reason for Thursday’s surprising announcement that he parted company with agent Mike Ciani and hired J. R. (as in James Russell) Pegram.“I just thought it was time for me to shake things up a little bit,” the three-time Kentucky Derby-winning jockey said between workers Friday morning. “Things had gotten kind of stale and it’s a move that has worked for me and lots of others multiple times.“I want the public to know that I’m not satisfied and I want more, and this is the only way to do it without going on to social media, I guess.“But there are still plenty who don’t read social media. I want the horsemen to know I’m not done yet.”Through Thursday, Desormeaux had won with 17 of 115 mounts, good for a 10th-place tie in the standings with Fernando Perez, although Desormeaux had ridden 53 fewer horses.Pegram previously represented Desormeaux in New York in 2012 and 2013. Jerry Hollendorfer13122121517%37%$1,586,586 JockeyMts1st2nd3rdWin%ITM%Money Won Philip D’Amato12927212221%54%$1,462,115 FINISH LINES: With exercise rider Janeen Painter up, three-time Eclipse Award winner Beholder worked five furlongs in company Friday morning in 1:01.60 for Richard Mandella, who has either the Grade I, $200,000 Royal Heroine Stakes at a mile on turf May 5 or the Grade III, $100,000 Adoration Stakes at 1 1/16 miles on dirt May 8 ticketed for the six-year-old mare’s 2016 debut. Stablemate El Super was clocked in 1:02 . . . Imperative, fourth in the Santa Anita Handicap, worked four furlongs for Richard Baltas Friday in 50.60, breezing with Mike Smith aboard. “It was perfect,” said Baltas, who has designs on the April 23 Charles Town Classic for the son of Bernardini, winner of the race in 2014 when trained by George Papaprodromou . . . Leading jockey Rafael Bejarano has been suspended three days (April 3, 7 and 8) for careless riding aboard Yellow Bonnet who finished sixth in Sunday’s fourth race . . . Bring the family to Santa Anita Sunday for the largest Easter egg hunt and family fun day in the San Gabriel Valley. Visit santaanita.com/events for details. Doug O’Neill17327262516%45%$1,411,523 Rafael Bejarano26163502624%53%$2,929,872 David Lopez15622131914%35%$683,676 Edwin Maldonado17136161521%39%$1,144,530center_img Santiago Gonzalez26947343317%42%$1,898,601 Tyler Baze24825373710%40%$1,345,311 CONSISTENT GLORY SET FOR SANTA ANA STAKESTeam Hollendorfer hopes Glory enjoys a favorable pace scenario and can carry her speed to victory in Saturday’s Grade II, $200,000 Santa Ana Stakes for older fillies and mares at 1 1 /8 miles on turf.The four-year-old daughter of Tapit owned by Rick Porter’s Fox Hill Farms (Songbird) was second in an overnight race March 4, but missed by a neck after leading in the Grade III Frankel Stakes last Dec. 27.“She’s doing well and she’s nice to work with,” said Jerry Hollendorfer assistant Dan Ward. “She’s coming into the race well and she always runs good.”In 11 career starts, Glory has three wins, three seconds and two thirds, with earnings of $158,220. A win would give Hollendorfer his fifth stakes victory of the meet. After an uncharacteristically slow start, the Hall of Fame trainer has been picking up steam of late and ranks third, only five wins behind training leaders Phil D’Amato and Doug O’Neill, 27-22.The Santa Ana, race five of 11: Her Emmynency, Joe Talamo, 2-1; Nancy From Nairobi, Abel Lezcano, 5-2; Nashoba’s Gold, Rafael Bejarano, 10-1; Fresh Feline, Alex Solis, 8-1; Glory, Mike Smith, 7-2; and Tuttipaesi, Chris DeCarlo, 3-1. Joseph Talamo22427252612%35%$1,904,284 SANTA ANITA STATISTICS D’AMATO CONTINUES ‘DREAM’ MEET SUNDAYPhil D’Amato, in the hunt for Santa Anita’s Winter Meet training lead from the get-go last Dec. 26, sends out Sheer Pleasure in quest of the $100,000 Dream of Summer Stakes at one mile on Sunday.The race is for older fillies and mares and is another in the popular Golden State Series for California-bred or sired horses.Sheer Pleasure, a four-year-old daughter of Birdonthewire, was second in an overnight race last out on March 5 despite going four-wide into the stretch in the 1 1/16-mile test.“I like the way she’s coming into the race,” D’Amato said. “Her last race was a good effort. She had a little bit of trouble at the three-eighths pole, but she came running strong.“I think we’re headed in the right direction. Her confidence is good and she’s ready to go the distance.”As to the trainers’ race, in which D’Amato and Doug O’Neill are tied at 27 with 11 racing days remaining, D’Amato is “very happy” with how the meet’s unfolded.“We’re just taking it as it comes, and whatever happens, happens,” D’Amato said. “We’re just happy all our horses are firing.”The field for the Dream of Summer, race nine of 10: Kiss At Midnight, Rafael Bejarano; Lucy in Diamonds, Felipe Valdez; Swissarella, Edwin Maldonado; Melanistic, Tyler Baze; Tiz a Kiss, Kent Desormeaux; Ashley’s Sassy, Alonso Quinonez; Light One, Drayden Van Dyke; Singing Kitty, Gary Stevens; and Sheer Pleasure, Martin Garcia. (Current Through Thursday, March 24) TrainerSts1st2nd3rdWin%ITM%Money Won Flavien Prat24440454016%51%$2,594,116 Bob Baffert9621151522%53%$1,545,645last_img read more

OpenID Pilot Program to be Announced by US Government

first_imgTop Reasons to Go With Managed WordPress Hosting Ten private companies, a number of US Government Federal Agencies primarily in the Health sector and the OpenID and Information Card Foundations will announce this morning in Washington DC the launch of a pilot program to allow members of the public to log in to participating government websites with their credentials from approved independent websites. That’s right – someday soon you’ll be able to log in to the websites of the Department of Health and Human Services, the National Insititute of Health and other government agencies with your accounts from Google, Yahoo and similar services. Below we discuss the privacy protection steps being taken, the usability issues and the ultimate significance of this announcement.Don’t worry, your doctor will not store your medical records under your Twitter handle yet. The pilot program is stepping first into a phase of public discussion, it is participated in only by Identity Providers that have undergone extensive scrutiny (Twitter’s not included) and participants say that individual privacy is being treated with the utmost regard. If they can pull it off, these organizations could make using the .gov web easier and more effective than it’s ever been before.Participating companies include Yahoo!, PayPal, Google, Equifax, AOL, VeriSign, Acxiom, Citi, Privo and Wave Systems. On the government side is the Center for Information Technology (CIT), National Institutes of Health (NIH), U.S. Department of Health and Human Services (HHS), and “related agencies.”Conversation about whether and how best to implement a system of Federated Identity across government websites has been underway for at least the last 6 months. We wrote about the first public rumblings this summer. Kaliya Hamlin explains the state of the conversation in detail on her blog.The two biggest questions will be protection of privacy and user experience.Privacy ProtectionsOpenID board member and Facebook employee David Recordon explained to us tonight that participating government sites are not allowed to pass personal information about users from one site to another, even though we’ll be logging in with the same accounts. Instead, when we authenticate ourselves with Google, Yahoo, Verisign or whoever our Identity Provider of choice is, that website will pass a different, unique URL to the government site we’re logging in to. The identity providers will keep track of all the unique URLs used to identify us to different government sites and we’ll just need to remember one log-in. That means you’ll need to trust your identity provider to keep your private information separated between agencies – it won’t be up to the government sites themselves to do so.While government identity systems have long raised fears of totalitarian control and a single sign-on system sounds even worse – having private identity providers hide and broker the connections between a user’s account with one agency and another could substantially alleviate concerns about centralization.User ExperienceUser experience has been one of the biggest issues around systems of federated identity since they began to proliferate. No decisions have been made yet about exactly how users will log in to these government sites, but we will be given a limited number of choices between providers that have been government approved. (If you own a domain that’s an OpenID provider, you won’t be able to use that.)Most likely users will be presented with an array of logos to click on, launching a new window to communicate just with the identity provider. Once a user proves who they are to the identity provider, that company will then vouch for the user to the government site.Why Is This Important?This is a significant move for three reasons. First, it could make securely accessing government websites much easier for users. That would increase use of government services online and could kick off a virtuous circle of increased web-savvy service in response to increased citizen interest.Second, federated identity provides not just easy “single sign-on” but also offers the opportunity for users to carry personal information with them from one website to another. This “payload” of information can help new websites we use quickly personalize our experience and deliver more intelligent service. That’s likely to be complicated when it comes to privacy-centric areas like health, but there’s a lot of potential there. If Google knows you’ve made plans to travel to another country soon, and if you’re willing to expose that information to a government website, then the site could offer health-specific information about the country you plan on visiting for example. That’s a long ways off, but it’s part of the big vision of data portability.Finally, when any large institution puts its weight behind an open standard then that creates more incentive for other institutions to get on board with the standard as well. Federated Identity systems like OpenID and Info Cards have seen growing amounts of support from different companies, but as that support grows then the information available to innovate on top of grows, the number of opportunities for users to access innovative services built on top of standards grows and the incentive for still more companies to get on board with open data, innovative technology and data portability grows as well.To draw the standard railroad analogy, if one large railroad network adopts the new standard of rail sizes then trains that run on standard rails can travel further, the passengers can go new places and other networks have more interest in adopting the standard as well. On the information super-highway, the network of government websites are a very big railroad (if you will).The pilot program will remain a discussion for some time. The OpenID and Information Card Foundations are good places to visit if you’d like to participate in the conversations that will inform later implementation. marshall kirkpatrick Related Posts A Web Developer’s New Best Friend is the AI Wai…center_img 8 Best WordPress Hosting Solutions on the Market Why Tech Companies Need Simpler Terms of Servic… Tags:#Analysis#news#NYT#web last_img read more

Do What Works Now

first_imgThere may come a day when social selling replaces traditional methods of prospecting. That day, however, is not today. As things stand, it’s not tomorrow either.Much of what passes for “social selling” is research and the equivalent of an email. What the Charlatans and Snake Oil Salesman have laid down as the new gospel has overpromised and under-delivered, all the while using cold calling as a straw man. “Buy what we sell and you’ll never have to make another cold call as long as you live.”For brand building, there has never been a better toolkit—if you are a content creator. Digital has changed things: It’s a content creator’s world, and you are just living in it. For research, the social tools are simply unmatched. As a replacement for every other method of prospecting—including cold calling? Phooey.The question isn’t whether or not you are going to need to use other mediums in the future. The question is “What mediums should you be using now?” Right now, cold calling is still the fastest, most effective method for getting in front of your dream clients.Someday, you may be replaced by artificial intelligence. A chat bot may be your dream client’s trusted advisor. They could turn to it for advice on how to make complex, strategy, risky, strategic decisions. This is not happening right now. Right now, we are getting the weather, directions, and elementary instructions for our new products via ‘chat boy.’Certainly, we are going to use AI to augment our mental work, very much like we used electricity and machinery to augment physical labor. In fact, we have been leveraging the chip for quite some time now. The spreadsheet comes to mind, and now there are crude tools like Siri and Alexa, which gives us some idea about what the future is going to look like.Right now, you have to be your dream client’s trusted advisor, just like you have to be a rainmaker and create new opportunities.“What should you do now?” is a different question than “What you should do later?” Because at some point in the future commerce may include more interactions with artificial intelligence or something that looks a lot like a human being, does that mean that there is no need to do what is necessary to create value for your clients now?A very different future is coming; much faster than we are going to be able to properly contend with, but much slower than many believe. That future isn’t here yet, and while you should be aware of what’s coming, you still have to do what is necessary to succeed now, and you still use the tools that work now, including the greatest technological innovation in the known universe, the human brain.Be smart. Be practical. Do what works now. Do what works later when that’s what works.last_img read more

Standhardinger beats PBA draft deadline

first_imgCelebrity chef Gary Rhodes dies at 59 with wife by his side LATEST STORIES Robredo should’ve resigned as drug czar after lack of trust issue – Panelo Celebrity chef Gary Rhodes dies at 59 with wife by his side Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Hotel says PH coach apologized for ‘kikiam for breakfast’ claim Don’t miss out on the latest news and information. The Philippine Basketball Association Draft pool just got its first legitimate talent who can turn a franchise around.Christian Standhardinger declared for the Draft on Monday as applications for overseas-born aspirants closed, immediately becoming the hands-down top overall prospect because of his size and exemplary attitude.ADVERTISEMENT Travel-weary Yemenis dream big The 6-foot-8 Standhardinger, whose mother hails from Angono, Rizal, easily stands out from a bumper crop of aspirants who beat the deadline, counting former La Salle ace Jason Perkins and San Beda College’s Davon Potts.Standhardinger, 27, stood out in the Jones Cup in Taiwan, Fiba Asia Cup in Lebanon and Southeast Asian Games in Malaysia, where the Philippines took the gold medal.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingHe is seen as someone who can dominate the middle in the PBA much like June Mar Fajardo has done for San Miguel Beer.The Draft is set on Oct. 29 with KIA Picanto likely to have the top overall pick. From among the homegrown talents, the applications of Kiefer Ravena and Bobby Ray Parks are also being keenly awaited by fans.Sports Related Videospowered by AdSparcRead Next Lacson: SEA Games fund put in foundation like ‘Napoles case’ MOST READ Trump signs bills in support of Hong Kong protesters Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ View comments NATO’s aging eye in the sky to get a last overhaullast_img read more

Saina Nehwal crashes out of India Open Super Series

first_imgThe stunned silence at the Siri Fort Sports Complex said it all. For about five minutes after the match, people were rooted to their seats. For they had just witnessed the unthinkable.Top seed Saina Nehwal had crashed out after losing 17-21, 19-21 to Japan’s Ai Goto in mere 34 minutes and that too in the opening round of the India Open Super Series Badminton Championships on Wednesday.It was not the defeat but the manner of it which shocked her fans. Incidentally, this was the first time in five years that Saina failed to clear the opening round in any tournament.Right from the beginning of the match, it was clear that Saina was not able to move even half of what she is capable of. The ankle injury definitely is more serious than what the Indian think-tank made it out to be, for the Hyderabadi seemed hesitant to stretch fully for a shot.Speaking to media, a clearly crestfallen Saina did not have much of an explanation.”Even before I realised, the match was over. She (Goto) was simply too good for me today. Whatever, I did was just not enough to beat her,” said Saina.Saina denied that she had still not fully recovered from her injury. “Look, this defeat has got nothing to do with the ankle injury. It is just that I could not move the way I would have liked to,” she said.Right from the moment she stepped into court, it was clear that Saina was far from her best.advertisementHer normally reliable cross court smashes lacked the bite and her net play was well below par.On the other hand, Gato, who had lost to Saina in the straight games of the Thomas and Uber Cup last year, showed that she had improved a lot. Her smashes had the sting and some of her retrievals were too good. To top it all, it was her net play which stood her apart and she looked a lot better than her world rankings of 24.In both the games, she made Saina run all over the court, fully realizing that the Indian was not moving at her best. And instead of smashing, which she normally does, she was content to rally with Saina.There was more disappointment for the Indian players in the men’s singles category as Arvind Bhat, Anup Sridhar, Anand Pawar, Sai Praneeth, HS Prannoy all lost their matches.Meanwhile, third seeded Peter Gade of Denmark had to fight off four match points before overcoming Japanese Yamada 13-21, 22-20, 21-8.last_img read more

ADNOC Wanhua Chemical Sign Shipping JV

first_imgThe Abu Dhabi National Oil Company (ADNOC) and China’s Wanhua Chemical have signed a partnership framework agreement and JV agreement that has a potential worth of USD 12 billion.The agreement will entail cooperation in the downstream sector, including in the field of LPG shipping.The shipping JV will cover the operation of two very large gas carriers, according to a Reuters report. The deal builds on an earlier LPG JV the two sides signed in February this year.As explained by ADNOC at the time, the agreement is part of ADNOC’s ‘2030 smart growth strategy’, through which it would increase its oil production capacity to 4 million barrels per day (mmbpd) by the end of 2020 and 5mmbpd by 2030.Wanhua Chemical is a global polyurethanes producer with five manufacturing bases worldwide.Yesterday, in the presence of H.H. Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, we signed a Partnership Framework Agreement and JV agreement with Wanhua Chemical. pic.twitter.com/TnUttfIRJd— ADNOC Group (@AdnocGroup) July 24, 2019World Maritime News Stafflast_img read more