His Majesty’s Opponent: Subhas Chandra and India’s Struggle Against Empire

first_imgGardiner Professor of Oceanic History and Affairs Sugata Bose parses the life of Indian revolutionary Subhas Chandra Bose, who struggled to liberate his people from British rule and led the Indian National Army against Allied Forces during World War II.last_img

Risky eating

first_imgA new study by Harvard School of Public Health (HSPH) researchers finds a strong association between the consumption of red meat—particularly when the meat is processed—and an increased risk of type 2 diabetes. The study also shows that replacing red meat with healthier proteins, such as low-fat dairy, nuts, or whole grains, can significantly lower the risk.The study, led by An Pan, research fellow in the HSPH Department of Nutrition, will be published online in the American Journal of Clinical Nutrition on Aug. 10 and will appear in the October print edition.Pan, senior author Frank Hu, professor of nutrition and epidemiology at HSPH, and colleagues analyzed questionnaire responses from 37,083 men followed for 20 years in the Health Professionals Follow-Up Study; 79,570 women followed for 28 years in the Nurses’ Health Study I; and 87,504 women followed for 14 years in the Nurses’ Health Study II. They also conducted an updated meta-analysis, combining data from their new study with data from existing studies that included a total of 442,101 participants, 28,228 of whom developed type 2 diabetes during the study. After adjusting for age, body mass index (BMI), and other lifestyle and dietary risk factors, the researchers found that a daily 100-gram serving of unprocessed red meat (about the size of a deck of cards) was associated with a 19 percent increased risk of type 2 diabetes. They also found that one daily serving of half that quantity of processed meat — 50 grams (for example, one hot dog or sausage or two slices of bacon) — was associated with a 51 percent increased risk.“Clearly, the results from this study have huge public health implications given the rising type 2 diabetes epidemic and increasing consumption of red meats worldwide,” said Hu. “The good news is that such troubling risk factors can be offset by swapping red meat for a healthier protein.”The researchers found that, for an individual who eats one daily serving of red meat, substituting one serving of nuts per day was associated with a 21 percent lower risk of type 2 diabetes; substituting low-fat dairy, a 17 percent lower risk; and substituting whole grains, a 23 percent lower risk.The researchers say that people should minimize consumption of processed red meat—such as hot dogs, bacon, sausage, and deli meats, which generally have high levels of sodium and nitrites—and cut back on unprocessed red meat. If possible, the researchers say, red meat should be replaced with healthier choices, such as nuts, whole grains, low-fat dairy products, fish, or beans.Worldwide, diabetes has reached epidemic levels, affecting nearly 350 million adults. In the United States alone, more than 11 percent of adults over age 20 — 25.6 million people — have the disease, according to the Centers for Disease Control and Prevention. Most have type 2 diabetes, which is linked to obesity, physical inactivity, and an unhealthy diet.Previous studies have indicated that eating processed red meats increases the risk of developing type 2 diabetes. Risks from unprocessed meats have been less clear. For instance, in 2010, HSPH researchers found no clear evidence of an association between eating unprocessed meats and increased risk for either coronary heart disease or type 2 diabetes, but that study was based on smaller samples than the current one, and the researchers recommended further study of unprocessed meats.Another HSPH study in 2010 linked eating red meat with an increased risk of heart disease—which is strongly linked to diabetes—but did not distinguish between processed and unprocessed red meats.This new study — the largest of its kind in terms of sample size and follow-up years—finds that both unprocessed and processed meats pose a type 2 diabetes risk, thus helping to clarify the issue. In addition, this study is among the first to estimate the risk reduction associated with substituting healthier protein choices for red meat.“Our study clearly shows that eating both unprocessed and processed red meat — particularly processed—is associated with an increased risk of type 2 diabetes,” said Pan. He noted that the 2010 U.S. dietary guidelines continue to lump red meat together with fish, poultry, eggs, nuts, seeds, beans, and soy products in the “protein foods” group. But because red meat appears to have significant negative health effects — increased risk of diabetes, cardiovascular disease, and even total mortality, as suggested by several recent studies—Pan suggested the guidelines should distinguish red meat from healthier protein sources and promote the latter instead.Support for the study was provided by the National Institutes of Health’s National Institute of Diabetes and Digestive and Kidney Diseases and the National Heart, Lung, and Blood Institute.last_img read more

Stadium renovations aim to enhance fan experience

first_imgEditor’s note: This is the first story in a three-part series featuring the completed Campus Crossroads project. Today’s story focuses on the enhancements and renovations to Notre Dame Stadium.Notre Dame Stadium represents more than football after the renovations made over the course of the Campus Crossroads Project, vice president for facilities design and operations Doug Marsh said.“The common introduction we have for all of our ushers and hospitality folks is, ‘We welcome fans from across the world to the Notre Dame Stadium, this very iconic college football venue,’” Marsh said during a press tour conducted Aug. 11. “But I’m happy to say, it’s much more than that at the completion of this project.” Jordan Cockrum | The Observer A 54 feet high by 96 feet wide video board is now located at the south end of Notre Dame Stadium. The video board will be used to show replays, highlight recognition ceremonies and tell Notre Dame stories.The renovated stadium, which has been under construction since 2014, will play host to the first official Notre Dame football game to feature the new changes Saturday, and Marsh said he expects the game day experience to be greatly improved as a result.“In the midst of the project, it’s one of those things that occurred to us that while it’s terrific to add these facilities that will activate Notre Dame Stadium every single day of the year — not just the days we host football or Commencement or our Blue and Gold spring game — but an opportunity while we’re at it to improve the game-day enhancement experience for our fans,” Marsh said. “So we took the opportunity to re-invest to make those enhancements.”Associate athletics director Beth Hunter said the adjustments highlight the football program’s history while simultaneously bringing it into the future.“Our goal was to blend tradition with the most innovative technology,” Hunter said during the press tour. “We approached the renovation thinking, ‘What would Knute Rockne build today?’”The ConcourseThe aspect of the stadium that recalls the history of Notre Dame football most strongly is the enhanced stadium concourse. Marsh said the concourse has been redecorated and retouched in the art-deco style, “which was the period of architecture the original stadium was constructed in.”The Campus Crossroads team paid close attention to details in transforming the concourse, Hunter said.“The stadium concourses have been completely transformed, and they now feature all new art-deco-inspired way-finding signage, new lighting throughout — including art-deco-inspired chandeliers — and new up lighting, which highlights the original Rockne stadium brick and arches,” Hunter said. “We’ve bricked up close to 100 columns throughout the entire lower concourse, and our goal here was to really create a sense of space, so you feel more like you’re walking down a concourse than you are an airport parking garage.”The stadium will also be easier for fans to navigate now, Marsh said.“One of the things we wanted to achieve by this series of improvements was also to make a better way-finding experience,” he said. “So fans as they come in — particularly we have, every game, many first-time fans of the Notre Dame game-day experience — not sure where their seats are, so we added all these way-finding graphics.”The backdrop for this signage, Hunter said, is a series of hand-picked program covers from throughout the football program’s history.“Working closely with the University archives, we hand-selected approximately 70 program covers, ranging from the 1920s through the 1960s,” she said. “ … These covers now encircle the entire lower concourse. Additionally, we identified 22 ticket graphics ranging from 1903 through 1957 and installed those in strategic locations throughout the inner bowl of the lower concourse.”Additional changes that will provide a more comfortable game experience for fans, Marsh said, are rebuilt and modernized restrooms and 150 televisions spread throughout the concourse, and the concession stand facades have been restored to a design featured in the 1930s.“We really wanted to keep this of that style of the art-deco period, and I think fans are really going to welcome the feel for this,” he said.As fans move upward through the concourse, Hunter said, they will also move forward in time.“While the lower concourse intentionally celebrates the original Rockne stadium, the graphics and theming take on a more modern-day feel as fans traverse to the upper levels,” she said. “We took advantage of large, concrete walls in the four corner stairwells by adding these enormous graphics. … We also worked to produce some visuals for fans as they traverse the ramps, which now feature hand-painted ND marks and logos, as well as popular game day fan slogans. In addition, we added two sets of season program covers featuring Heisman Trophy winners, which are framed in repurposed bleacher wood.”The concourse also features a Hall of Fame section of sorts, Hunter said.“Another update that we are excited to reveal is a brand-new recognition display honoring the accomplishments of football monogram winners,” she said. “This will now be located inside the Frank Leahy gate on the south end of the stadium. Individual plaques honoring all-Americans, academic all-Americans, Heisman Trophy winners, College Football Hall of Fame members and National Championship teams will soon be mounted on columns surrounding 80-inch monitors.”The BowlOne of the most important aspects of attending a football game is fans’ experience inside the seating area around the field — known as “the bowl.” This year, Marsh said, Notre Dame’s signature wooden benches are missing, replaced by aluminum bleachers covered in vinyl.“Last season, we began to replace the redwood bleachers,” Marsh said during the press tour. “We did that in the upper bowl that was added 20 years ago. We’ve since then, this offseason, replaced all the planking bleachers on the lower bowl, and in the midst of that, widened each seat by two inches. So everybody gets the same amount, whether you’re [in the] lower bowl or upper bowl.”In addition to the increased comfort of wider seats, Marsh said the stadium has increased its safety by adding, “thanks to prompting and requests by many fans throughout the recent years,” railings to the aisles in the lower bowl area of the stadium.“They were not required in 1929–1930 when the structure was first built, but they’re really a good idea,” he said. “So we’ve added them to help increase mobility and safety.”Another added benefit of these railings, Marsh said, is the ability to conceal new Internet and cellular antennas within them.“ … We will have a new wireless infrastructure — first time ever — at Notre Dame Stadium, dedicated solely to fans in the bowl and in the concourse,” Marsh said. “So connectivity will greatly improve. Secondarily, but just as important, we’ll have a new dedicated cellular network in the bowl. … So a dedicated cellular network, dedicated wireless network — connectivity will be best in class and hugely improved from past experiences.”Marsh said the updates also took greater player safety into account through decisions such as extending the padding around the field, removing additional bleachers on the sidelines and moving the flagpole to sit farther back from the sidelines in its new location near the video board.“We’ve taken the band off the field. The band will actually be put in an expanded student section,” he said. “All 400 members of the band will now be right here in the front, and we’ll have new dedicated stairs. … I believe, historically, that is not a precedent. That had been that way kind of originally, so we’re kind of going back to that.”Something fans might notice when the Irish and Temple take the field Saturday is a new tunnel for Notre Dame’s opponents to enter and exit the field, Marsh said.“This helps for a variety of reasons — principally to help unclog the tunnel that we use. It’s very busy on game day, as you can imagine,” he said.Hunter said the relocated visitor tunnel, locker room and team trucks create more privacy for the Notre Dame football team, band and fans.“With so much of our focus on that of improving the fan experience within the existing Stadium, when it came to the north tunnel, our focus shifted to that of our football student athletes, coaches and recruits,” Hunter said. “ … We thought about how we could really create a special and unique environment [in the home locker room] for our football team, while also celebrating many of the traditional and historical elements of Knute Rockne’s original locker room.”The Premium SeatingIn the midst of Campus Crossroads construction, the University announced in February that it was transitioning to a tiered ticketing system, in which ticket prices would vary based on the quality of the tickets.This change has resulted in the decrease in the price of some tickets while increasing others — the cheapest face value option of a ticket to Saturday’s game in the general seating is $45, down from $75 for last year’s home opener against Nevada, and the most expensive one is $145, excluding preferred seating.In an interview with The Observer conducted Aug. 17, University athletic director Jack Swarbrick said the change in pricing “was borne out of a number of goals we wanted to achieve.”“One of those was, given all that this stadium represents, we wanted to be able to say — as we can — that the revenue from the bowl is the same this year as it was last year,” he said. “And so, while some tickets went up, we priced the house so it produces the same amount of revenue. The other thing that was important to us was to make the game more affordable. And so, we created a much lower ticket price than we’ve had in a long time. … And so we wound up with a much bigger spread of value.”The increased space for each seat in the bowl decreases the number of seats in the general seating area, which Swarbrick said is offset by the addition of 3,200 seats added through a premium seating experience fans can purchase.“ … Just as the $45 ticket responds to some customers who are looking for something in particular, the premium seat in the hospitality represents something else another part of our customer base is looking for,” Swarbrick said.In designing the upper levels of Campus Crossroads — where the premium seating is located — to be able to fit around the stadium, the section has “gained some terraces,” Marsh said.“There are eight terraces — four per side, two on [floors] nine and seven, respectively, of the two buildings,” Marsh said during the Crossroads press tour. “They create these really nice opportunities for people [in these sections] to get out.”Outside of football season, Marsh said people can rent out the upper levels of the Campus Crossroads buildings for meetings, parties or other gatherings.“This whole series of buildings are to be activated, and we want the community to use them just as much as we’ll use them,” Marsh said. The Video BoardThe addition fans will notice “most visibly,” Marsh said, is 54-feet high by 96-feet wide video board. Executive producer of live events for Notre Dame athletics Mike Bonner said the video board will allow the University to provide fans with what many have been asking for — replays.“Replays, replays, replays — that’s what our fans want, and that’s what we’re going to give them,” Bonner said. “And I can do that … I will be taking in upwards of — between our feeds and NBC’s feeds and other robotic cameras — 27, 28 different replay angles that I can take at any time.”Bonner, who has operated video boards for the New York Yankees and Denver Broncos, said the video board is of an extremely high caliber.“It has the most physical pixels in an NCAA outdoor venue,” Bonner said. “What that mean is on that video board the little RBG — red, green and blue LED pixels — are 10 millimeters apart the way they’re set. So there are nearly 4.8 million pixels within that video board. And that helps with viewing angles, it helps an incredibly clear picture on there. It’s really impressive.”The visual enhancements in the stadium have allowed the University to remove the scoreboard on the north end of the stadium, which previously impeded fans’ view of “Touchdown Jesus,” Marsh said.“It is enhanced by ribbon boards on the two sideline buildings … because we no longer have a scoreboard on the north [end],” he said. “We’ve replaced that with these boards on the three other sides. This opens up the view for many fans in the bowl to have a clear view of the ‘Word of Life’ mural on the library.”While the video board will primarily focus on the football game, Bonner said he will also be able to put on a “show” for fans in attendance that will remain true to Notre Dame’s values.“The University has been incredible — Jack Swarbrick’s vision, Fr. John and everything that we’ve been given here to really put on a great show,” Bonner said. “But let me tell you, it’s not just about football. We will be spreading the University message. We will make sure that fan are entertained in a variety of ways, and we will be continuing to do a lot of our traditions. We will be announcing our Mass schedule — it’s just going to come to you a little bit different. We’ve shot seven different Mass schedule videos with seven different Holly Cross priests here from Notre Dame, and they will tell you what’s coming up after the game or the next day.”Bonner said the video board will enhance traditions rather than eliminate them.“We’ll make sure that all of our traditions are kept alive. We’re going to continue to do the Sgt. Tim McCarthy reading, but it’s going to be in a little bit different way. I’ll save that one, that’s a tease for game day for you,” Bonner said. “Also, we’ll make sure that we continue to do our recognition ceremonies. So our faculty recognitions, our team Irish recognitions, but we’ll get to tell their stories. We’ll get to visually enhance a lot of the things we were doing. The band is still going to be a very big part of what we do. The great thing with the band and our communications — what we’re able to do with headset communications — is the coordination will be there.”The ultimate goal for the video board — and the Campus Crossroads renovations in general — is to ensure fans have a positive Notre Dame football experience.“We’ll be telling the story of how the wooden benches have been used, and the green groups, the bicycle racks that have been added here,” he said. “Football is also going to be up there on that video board, and as I mentioned, we’re going to make sure that the fans walk away after a great experience. We’re going to show them great action, we’re going to show them history, we’re going to show replays — did I mention we’re going to show replays?”Tags: Campus Crossroads, fan experience, football, game day experience, Notre Dame Stadium, premium seating, video boardlast_img read more

Does Your Organization Need More Innovative Thinkers?

first_imgFor Immediate ReleaseContact: Bruce Seifer, Assistant Director for Economic Development, 865-7179Does Your Organization Need More Innovative Thinkers?Burlingtons Community and Economic Development Office is sponsoring a free workshop hosted by Forward Leap Consulting.Five Ways to Unleash the Creative Potential Within Your OrganizationWhen: Friday, November 9, 20077:30AM-9:30AMWhere: City Hall, conference room 12Coffee and refreshments servedThis interactive workshop will allow participants to discuss and generate solutions to innovative issues. A recent survey found 89% of responding employees felt that innovation was among their top five work priorities, 44% of those same respondents gave their organizations a low rating in how well the innovation process was understood.In this workshop you will learn:-The difference between innovation and creativity-Easy-to-implement ideas that will ignite creativity within your organization-Teamwork skills vital for collaborative innovationThis interactive workshop will also allow participants to discuss and generate solutions to innovation issues. Be prepared to use your creativity and take some great ideas back to your workplace.Register today at (802) 324-8326 or by e-mail at leslie@forwardleapconsulting.com(link sends e-mail) “I’m pleased that the City’s CEDO department and Forward Leap Consulting is helping to support businesses and other organizations with this workshop,” said Burlington Mayor Bob Kiss. “In a competitive business environment, innovation and creativity are essential. We need to encourage new ideas wherever we can find them.”CEDO offers comprehensive business assistance through partner workshops and other programs such as energy efficiency, Renewal Community tax credits, commercial space finder, business planning, technical assistance and our business loan program. Call CEDO today for more information or to set up an appointment to start your business.last_img read more

Chittenden Bank parent People’s United Financial Reports Third Quarter Earnings

first_imgPeople’s United Financial Reports Third Quarter Earnings of $46 Million or $0.14 Per Share.greyBox { padding:20px 0px 20px 20px; background-color:#cfcfcf;}.boxText { font-size:11px; font-weight:bold;}.boxTextHeading { font-size:13px; font-weight:bold;}#auto { display:block;}#banking { display:none;}#energy { display:none;}#entertainment { display:none;}#government { display:none;}#health { display:none;}#heavyindustry { display:none;}#investors { display:none;}#international { display:none;}#multicultural { display:none;}#retail { display:none;}#sports { display:none;}#technology { display:none;}#technology { display:none;}#travel { display:none;}#trade { display:none;}#businessservices { display:none;}#publicissues { display:none;}#prndirect { display:none;}#prtoolkit { display:none;} .bottomBlueBox { border-bottom: solid 1px #B7C5DD; background-color: #f3f6fa;}.topBlueBox { border-top: solid 1px #B7C5DD; background-color: #f3f6fa;}.leftBlueBox { border-left: solid 1px #B7C5DD; background-color: #f3f6fa;}.rightBlueBox { border-right: solid 1px #B7C5DD; background-color: #f3f6fa;}.bottomBlueBox { border-bottom: solid 1px #B7C5DD; background-color: #f3f6fa;}.blueText { font-size:10px; color:#336699;}–>// Get the year for the footervar today = new Date();var thisYear = today.getFullYear();function getLinkName(iconName) { return iconName + ‘- ‘ + document.getElementById(‘headline’).innerHTML;}var images_on = new Array();images_on[0] = new Image(41,21);images_on[0].src = “/news/images/menu/1home_on.gif”;images_on[1] = new Image(81,21);images_on[1].src = “/news/images/menu/1uplo_on.gif”;images_on[2] = new Image(81,21);images_on[2].src = “/news/images/menu/1toda_on.gif”;images_on[3] = new Image(67,21);images_on[3].src = “/news/images/menu/1mult_on.gif”;images_on[4] = new Image(106,21);images_on[4].src = “/news/images/menu/1indu_on.gif”;images_on[5] = new Image(77,21);images_on[5].src = “/news/images/menu/1inte_on.gif”;images_on[6] = new Image(78,21);images_on[6].src = “/news/images/menu/1ours_on.gif”;images_on[7] = new Image(83,21);images_on[7].src = “/news/images/menu/1inve_on.gif”;images_on[8] = new Image(60,21);images_on[8].src = “/news/images/menu/1abou_on.gif”;images_on[9] = new Image(67,21);images_on[9].src = “/news/images/menu/1cont_on.gif”;images_on[10] = new Image(77,13);images_on[10].src = “../images/2aind_on.gif”;images_on[11] = new Image(34,21);images_on[11].src = “/news/images/menu/1rssf_on.gif”;var images_off = new Array();images_off[0] = new Image(41,21);images_off[0].src = “/news/images/menu/1home_off.gif”;images_off[1] = new Image(81,21);images_off[1].src = “/news/images/menu/1uplo_off.gif”;images_off[2] = new Image(81,21);images_off[2].src = “/news/images/menu/1toda_off.gif”;images_off[3] = new Image(67,21);images_off[3].src = “/news/images/menu/1mult_off.gif”;images_off[4] = new Image(106,21);images_off[4].src = “/news/images/menu/1indu_off.gif”;images_off[5] = new Image(77,21);images_off[5].src = “/news/images/menu/1inte_off.gif”;images_off[6] = new Image(78,21);images_off[6].src = “/news/images/menu/1ours_off.gif”;images_off[7] = new Image(83,21);images_off[7].src = “/news/images/menu/1inve_off.gif”;images_off[8] = new Image(60,21);images_off[8].src = “/news/images/menu/1abou_off.gif”;images_off[9] = new Image(67,21);images_off[9].src = “/news/images/menu/1cont_off.gif”;images_off[10] = new Image(77,13);images_off[10].src = “../images/2aind_off.gif”;images_off[11] = new Image(34,21);images_off[11].src = “/news/images/menu/1rssf_off.gif”;function imgOff(id, idx){ var getimage = document.getElementById(id); getimage.src = images_off[idx].src;}function imgOn(id, idx){ var getimage = document.getElementById(id); getimage.src = images_on[idx].src;} var currentView = “auto”; function showRow(row) { hideRow(currentView); var theRow = document.getElementById(row); theRow.style.display = “block”; currentView = row; } function hideRow(row) { var theRow = document.getElementById(row); theRow.style.display = “none”; } function disp(feedId) { divFeed = document.getElementById(feedId); if(divFeed) { if(divFeed.style.display == ‘none’) { divFeed.style.display = ‘inline’; } else { divFeed.style.display = ‘none’; } } if(feedId==’n1′) { document.getElementById(‘n2’).style.display = ‘none’; } else { document.getElementById(‘n1’).style.display = ‘none’; } }       People’s United Financial Reports Third Quarter Earnings of $46 Million or $0.14 Per Share Quarter Characterized by Strong Capital Position and Solid AssetQuality BRIDGEPORT, Conn., Oct. 16 /PRNewswire-FirstCall/ — People’s UnitedFinancial, Inc. (Nasdaq: PBCT) has announced net income of $46.0 million,or $0.14 per share, for the third quarter of 2008, compared to $43.0million, or $0.13 per share, for the second quarter of 2008 and $57.6million, or $0.20 per share, for the third quarter of 2007. Earnings forthe second and third quarters of 2008 reflect continued low levels of netloan charge-offs and further benefit from previously announcedcost-reduction initiatives. People’s United Financial completed its acquisition of ChittendenCorporation on January 1, 2008. Accordingly, People’s United Financial’sthird quarter 2007 results do not include the results of ChittendenCorporation and are not directly comparable to the current quarter’searnings. For the third quarter of 2008, return on average tangible assets was0.99 percent and return on average tangible stockholders’ equity was 5.0percent, compared to 0.91 percent and 4.7 percent, respectively, for thesecond quarter of 2008. The Board of Directors of People’s United Financial declared a $0.15per share quarterly dividend, payable November 15, 2008 to shareholders ofrecord on November 1, 2008. Based on the closing stock price on October 15,2008, the dividend yield on People’s United Financial common stock is 3.9percent. President and Chief Executive Officer, Philip R. Sherringham stated,”Our strength and stability have clearly differentiated our bank in thewake of the current economic and financial sector turmoil. Our performancethis quarter continues to be a reflection of our fortress balance sheet andcontinued strong asset quality, and was further bolstered by an improvementin the net interest margin.” Sherringham added, “We continue to generate healthy loan growth acrossour core lending businesses. Our average commercial banking and home equityloan portfolios increased $146 million, or 6 percent annualized, from thesecond quarter of 2008.” Sherringham concluded, “We remain firmly committed to our goal ofenhancing our premier regional banking franchise. While our strategic focusremains on growth through acquisitions, we continue to invest in ourcommercial, retail banking and wealth management businesses throughout NewEngland. Our balance sheet continues to be funded almost entirely bydeposits and stockholders’ equity. Given the many challenges of today’senvironment, the strength of our capital and liquidity positions, assetquality and earnings set us apart from most in the industry.” “Key drivers of the company’s performance this quarter were an increasein the net interest margin, expense control and ongoing strong assetquality,” said Paul D. Burner, Senior Executive Vice President and ChiefFinancial Officer. “The 15 basis point improvement in the net interestmargin from the second quarter of 2008 reflects the benefits fromdisciplined loan and deposit pricing. Non-interest expense decreasedslightly from the second quarter of 2008, primarily reflecting thecontinued benefit from cost-savings initiatives announced earlier thisyear.” At September 30, 2008, non-performing assets totaled $91.4 million, a$5.0 million increase from June 30, 2008. Non-performing assets equaled0.64 percent of total loans, REO and repossessed assets, compared to 0.60percent at June 30, 2008. The allowance for loan losses as a percentage oftotal loans increased to 1.08 percent at September 30, 2008 compared to1.06 percent at June 30, 2008. Third quarter net loan charge-offs totaled $4.0 million compared to$2.4 million in the second quarter of 2008. Net loan charge-offs as apercent of average loans on an annualized basis were 0.11 percent in thethird quarter of 2008 compared to 0.07 percent in this year’s secondquarter. The provision for loan losses this quarter reflects a $2.8 millionincrease in the allowance for loan losses to $154.5 million at September30, 2008. Commenting on asset quality, Burner stated, “While we expect the levelof non-performing assets to fluctuate in response to changing economic andmarket conditions, we remain comfortable with the current levels and do notsee any pervasive weakness in any sector of the loan portfolio. The ratioof non-performing loans to total loans was stable at 0.59 percent atSeptember 30, 2008 and net loan charge-offs remain extremely low. We feelthat the loan portfolio continues to benefit from our stringentunderwriting standards.” Conference Call On October 17, 2008, at 11 a.m., Eastern Time, People’s UnitedFinancial will host a conference call to discuss this earningsannouncement. The call may be heard through http://www.peoples.com(link is external) by selecting”Investor Relations” in the “About People’s” section on the home page, andthen selecting “Conference Calls” in the “News and Events” section.Additional materials relating to the call may also be accessed at People’sUnited Bank’s web site. The call will be archived on the web site andavailable for approximately 90 days. Fourth Quarter Earnings Release People’s United Financial expects to release its fourth quarter andfull year 2008 earnings on January 22, 2009. Selected Financial Terms In addition to evaluating People’s United Financial’s results ofoperations in accordance with generally accepted accounting principles(“GAAP”), management routinely supplements this evaluation with an analysisof certain non-GAAP financial measures, such as the efficiency ratio.Management believes this non-GAAP financial measure provides informationuseful to investors in understanding People’s United Financial’s underlyingoperating performance and trends, and facilitates comparisons with theperformance of other banks and thrifts. The efficiency ratio, which represents an approximate measure of thecost required by People’s United Financial to generate a dollar of revenue,is the ratio of total non-interest expense (excluding goodwill impairmentcharges, amortization of acquisition-related intangibles and fair valueadjustments, losses on real estate assets and nonrecurring expenses) to netinterest income on a fully taxable equivalent basis (excluding fair valueadjustments) plus total non-interest income (including the fully taxableequivalent adjustment on bank-owned life insurance income, and excludinggains and losses on sales of assets, other than residential mortgage loans,and nonrecurring income). People’s United Financial generally considers anitem of income or expense to be nonrecurring if it is not similar to anitem of income or expense of a type incurred within the last two years andis not similar to an item of income or expense of a type reasonablyexpected to be incurred within the following two years. Managementconsiders the efficiency ratio to be more representative of People’s UnitedFinancial’s ongoing operating efficiency, as the excluded items aregenerally related to external market conditions and non-routinetransactions. 3Q 2008 Financial Highlights Summary — Net income totaled $46.0 million, or $0.14 per share. — Net interest income on a fully taxable equivalent basis totaled $160.8 million. — Net interest margin increased 15 basis points from 2Q08 to 3.71%. — Provision for loan losses totaled $6.8 million. — Net loan charge-offs totaled $4.0 million in 3Q08 compared to $2.4 million in 2Q08. — The allowance for loan losses was increased by $2.8 million in 3Q08 from 2Q08 levels. — Non-interest income totaled $74.2 million, a 1% increase from 2Q08. — Non-interest expense totaled $158.7 million, a $4.2 million, or 3%, decrease from 2Q08. — Effective income tax rate was 32.9%. Commercial Banking — Average commercial banking loans increased $73 million from 2Q08 to $8.9 billion. — Commercial banking non-performing assets totaled $64.3 million. — The ratio of commercial banking non-performing loans to total commercial banking loans was 0.68% at September 30, 2008. — Net loan charge-offs totaled $2.5 million, or 0.11% annualized, of average commercial banking loans. Retail & Small Business Banking — Average residential mortgage loans totaled $3.4 billion. — Average home equity loans increased $73 million from 2Q08 to $1.8 billion. — Average indirect auto loans averaged $0.2 billion. — Home equity net loan charge-offs totaled $0.2 million, or 0.03% annualized, of average home equity loans. — Indirect auto net loan charge-offs totaled $0.8 million, or 1.41% annualized, of average indirect auto loans. Wealth Management — Insurance revenue increased 9% from 2Q08, primarily reflecting seasonal renewals. — Assets under management totaled $10 billion. People’s United Financial, a diversified financial services companywith $20 billion in assets, provides consumer and commercial bankingservices through a network of more than 300 branches in Connecticut,Vermont, New Hampshire, Massachusetts, Maine and New York. Through itssubsidiaries, People’s United Financial provides equipment financing, assetmanagement, brokerage and financial advisory services, and insuranceservices. Certain statements contained in this release are forward-looking innature. These include all statements about People’s United Financial’splans, objectives, expectations and other statements that are nothistorical facts, and usually use words such as “expect,” “anticipate,””believe” and similar expressions. Such statements represent management’scurrent beliefs, based upon information available at the time thestatements are made, with regard to the matters addressed. Allforward-looking statements are subject to risks and uncertainties thatcould cause People’s United Financial’s actual results or financialcondition to differ materially from those expressed in or implied by suchstatements. Factors of particular importance to People’s United Financialinclude, but are not limited to: (1) changes in general, national orregional economic conditions; (2) changes in interest rates; (3) changes inloan default and charge-off rates; (4) changes in deposit levels; (5)changes in levels of income and expense in non-interest income and expense –>last_img read more

Using the Windows 10 update to enhance the ATM experience

first_imgNearly a third of Americans visit the ATM at least once a week.1 Even after 50 years, ATMs continue to be an important self-service channel between credit unions and members looking to deposit checks, withdraw cash or check their balance.Research from Mercator Advisory Group shows that while members value the convenience of ATM locations and surcharge-free access the most when it comes to ATMs (both of which they receive as part of the CO-OP ATM network), as technology evolves they are wanting more from the ATM experience.2At the same time, an important industry mandate is fast approaching that will have significant impact on the world of ATMs. Beginning January 14, 2020 credit unions that have not upgraded their ATMs to the Windows 10 operating system will no longer have access to security updates, security patches, non-security hotfixes, free or paid support options and online technical content updates supported by Microsoft.But Windows 10 isn’t just about security and PCI-compliance; the upgrade is designed to equip your ATMs to support the features your members expect and to respond to the video- and app-based platforms of the future. 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

Why talk now? The case for communicating with employees before the pandemic arrives

first_img(CIDRAP Source Weekly Briefing) – Your company is preparing for a pandemic, but your employees aren’t. Can that possibly make sense?Companies have their reasons for hesitating to communicate with employees about a possible future pandemic. The four reasons I hear most often:Companies don’t want to scare people.Companies don’t have their ducks in a row yet.Getting anybody to listen is hard.There’s nothing for employees to do anyway.I want to respond here to #4. The fact is you actually need employees to do the following before a pandemic begins.You need employees to know that influenza pandemics are unpredictableThe next pandemic may start tomorrow, or it may not come for years. When it comes, it may be so mild we’ll wonder why we worried, or so severe we’ll think all our preparations were for naught. Preparedness starts with resilience; it is mostly about getting ready for the unexpected.You need employees to prepare at homeCompanies have a deep continuity stake in their employees’ home pandemic preparedness. The value of masks and hand sanitizers in the workplace goes way down if employees don’t have them or don’t use them at home. An employee who gets the flu on the bus will be lost to the company as surely as one who gets the flu at work. Healthy employees are likelier to come to work in a pandemic if they believe their families are adequately prepared and adequately protected. Helping your employees get ready at home is thus a major piece of helping your company have a workforce when the pandemic comes.You need employees to prepare at workNo matter where your company stands in the endless tug-of-war between centralization and decentralization of operations, manufacturing, sales and marketing, and other functions, a serious pandemic will be a big-time decentralizer. To a greater extent than you’re probably planning for, facilities, departments, and small local work groups will be on their own. Just as your supply chain is only as strong as its weakest link, your company’s ability to cope internally will depend on local and even individual preparedness.I sometimes ask clients who seek my advice on something other than pandemic risk communication what they’re doing to get ready for a pandemic. Usually I’m assured that somebody is looking into that. “But what about you?” I ask. “What’s your role in the company’s pandemic preparedness?” I’m not hearing many answers yet.You need employees to prepare emotionallyGetting ready for a crisis is as much about emotional preparedness as logistical preparedness. When people first become aware of a terrifying new threat, they normally go through what’s called an adjustment reaction. They imagine what the crisis might be like, rehearsing some of what they will probably feel when the time comes. People who have gone through their adjustment reaction before a crisis can cope much better than people who go through this unavoidable stage belatedly, while the crisis is raging.You need employees to know how your company has preparedIf you expect them to implement your pandemic plan when the time comes, then employees need to know about it beforehand. At the very least, they need to know that you have one. Employees are also much likelier to come to work in a pandemic if they know what sort of preparations have been made in their workplace.You need employees to help your company prepareRead the New York Academy of Medicine report, “Redefining Readiness: Terror Planning Through the Eyes of the Public,” by Roz D. Lasker, MD.Her 2004 study convincingly demonstrates that most government terrorism-response plans are close to useless because they were developed without significant citizen involvement. Lasker asked people how they would react in specified terrorism scenarios. They told her they wouldn’t react the way planners thought they would. And then they told her how the plans had to change. Many company pandemic plans have the same fatal defect: insufficient employee involvement.You need employees to see you as a useful source of pandemic informationAfter the virus hits the fan, pandemic information (and misinformation) will be everywhere. Competition for your employees’ attention will be fierce. Now is the time to establish in their minds that your company is a relevant and reliable supplement to official sources of pandemic information. When planning your pandemic preparedness messaging, then, consider this important question: What should you say now that will predispose employees to listen to what you have to say then? Suppose you put out messages now that sound extremely confident and extremely reassuring about the state of your preparedness, for example. If a pandemic begins and turns out much tougher than you predicted, you will already have forfeited much of your credibility with employees.You need employees to think through their conflicting pandemic responsibilitiesIn a severe pandemic, healthy employees will face a crucial dilemma: come to work or stay home. Nobody knows how anybody (your employees included) will resolve this dilemma when the time comes to face it. But we do know that thinking about the dilemma in advance will help.The issue isn’t just about getting paid, although pandemic pay policies are an important component of prepandemic communication. It’s about conflicting responsibilities and conflicting loyalties to self, family, and employer. How empathically you acknowledge this dilemma now will have a lot to do with whether you still have a workforce when a pandemic arrives.You need employees to cross-train for their emergency duty stationsShips at sea have an emergency duty station for every member of the crew; stewards aren’t stewards when the ship catches fire. The same should be true for business pandemic planning. You have to shift your focus from continuity planning to discontinuity planning—prioritizing which few functions are so crucial that your company will sacrifice everything else to keep them going, even in a severe pandemic. Once you’ve done your discontinuity planning, you can start cross-training employees for their emergency duty stations. Among other benefits, people are far more likely to come to work to help manage the emergency than to do their routine jobs.You need employees to volunteerVolunteerism is a defining characteristic of crisis situations. Millions of people respond to emergencies by wanting to help. And pandemic survivors will be uniquely qualified to help: They will be closer to immune than anyone else. Nobody knows what the next pandemic’s case-fatality rate will be, but the horrific 1918 pandemic killed 2% to 3% of those who got sick. That means upwards of 97% of people who became infected got better—and were ideal candidates for a “Survivor Volunteer Corps.”Now is the time to put this question to your employees: “Suppose a pandemic comes, you get the flu, and you recover. What skills do you have that can help?” Some health agencies have already started developing an employee pandemic skills registry. I’d like to see more companies doing the same thing (complete with liability waivers). Apart from the immense practical value of such a registry, think about what you’d be communicating to your employees: “There may be a pandemic. You may get sick. You’ll probably get better. You’ll be needed.”Now—not laterNo matter how good a job you do of warning employees about the need for pandemic preparedness, a lot of them won’t pay much attention till the last minute. Just-in-time pandemic communication will be crucial. But prepandemic communication is crucial, too.Start talking.An internationally renowned expert in risk communication and crisis communication, Peter Sandman speaks and consults widely on communication aspects of pandemic preparedness. Dr. Sandman, Deputy Editor, contributes an original column to CIDRAP Source Weekly Briefing every other week. Most of his risk communication writing is available without charge at the Peter Sandman Risk Communication Web Site, which includes an index of pandemic-related writing on the site.last_img read more

Unit owners clean up after selling entire building

first_imgEach flat was about 71 sqm except for one which was 89 sqm. “There’s a good number of investors, 50-plus age group, looking for somewhere to sink their money.”CoreLogic records showed all the owners were interstate investors who had previously been happy to set their units in the rental market and see it tick along comfortably. 26 Toorak Road, Hamilton, Qld 4007A GROUP of owners made a tidy profit after just five days on the market after banding together to sell their entire building.The unit owners at 26 Toorak Road in Brisbane blue chip suburb, Hamilton, pooled their resources to sell their complex as an eight bedroom, four bathroom, four car space property.The four apartments — each with two bedrooms, one bath, and one car space — attracted “massive interest” with the building selling for $1.98 million on August 10 after just five days on the market, according to agents Ranal Charan and Dr Paul Howe of Oxbridge. QLD richlister’s $20m renovation How Brisbane is beating southern capitals Brisbane’s cheapest rental suburbs The property was tidy and well maintained.Four years ago the units had been fetching about $390 a week in rent each, though that figure dropped this year to about $330 a week per unit.The property has views of the city skyline and is surrounded by some of the most expensive homes in Brisbane. FOLLOW SOPHIE FOSTER ON FACEBOOK Many of the properties art deco details have been lovingly maintained.More from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours ago“It’s a rare gem on one of the best streets and houses very seldom come on the market there.“Art deco properties have had a resurgence at the moment. They’ve always had good bones. If you buy one of those, renovated or not, you’ve always got good options.”All the units were about 71 sqm, except for one which had an extra 18 sqm. The firm was still getting calls from people interested in properties like it, he said. In recent times, rental rates have dropped.The unit market has seen some significant adjustment in recent times in terms of pricing given the massive boost in supply in the new unit market in the city. 26 Toorak Road, Hamilton, is a block of four flats surrounded by luxury homes.All the units had been bought for between $386,500 and $374,500 six years ago, bringing gross profit in at about 28 per cent per apartment.“Someone came to us and said they wanted to sell their property, as in just their unit. We gave them a price but said maybe approach the other three,” Mr Charan said.“The other three came up with a benchmark, we took it to market and sold it in five days.”Interest in such properties was strong, he said. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 9:24Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -9:24 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD288p288pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenCoreLogic Brisbane Housing Market Update – August 201809:25last_img read more

Man Utd: It’s a dream come true – Fernandes

first_imgBruno Fernandes has sensationally revealed that it’s a dream come true for him playing in the colours of Manchester United. Month of March Man U player of the month Bruno Fernandes “I have already said this a lot of times but it was a dream come true. For me, ever since I was a kid, it was a dream playing for Manchester United. I already told everyone in the interview, Manchester United was and is one of the biggest clubs in the world. You look in the past and when I’m younger, you look at the players who play for Manchester United and you see the biggest stars in the world.Advertisement Promoted ContentCouples Who Celebrated Their Union In A Unique, Unforgettable Way7 Ways To Understand Your Girlfriend Better7 Train Stations In The World You Wish To Stay At Longer10 Inventions That Prove Humanity Is Failing BadlyIncredible Underwater Objects Surrounded By MysteryWhich Country Is The Most Romantic In The World?Playing Games For Hours Can Do This To Your BodyThe Most Exciting Cities In The World To VisitBest & Worst Celebrity Endorsed Games Ever Made7 Black Hole Facts That Will Change Your View Of The UniverseCan Playing Too Many Video Games Hurt Your Body?Who Earns More Than Ronaldo? Loading… center_img You see the best players in the world. You have players from everywhere and also, we talked a lot and I told you about Cristiano. I looked at Manchester with more interest when Cristiano was here because it’s normal when you have Portuguese players in some teams, you look at them more than other teams. But at that moment, I started to look at Manchester in a different way because you see Cristiano but then you see also the team and you have Paul Scholes, you have Rooney, you have Giggs and you have Roy Keane, Cantona before. You have a lot of players… I don’t know… van Nistelrooy… I can stay here for hours saying all the names of players for Manchester United. read also:Fernandes responds to Ronaldo’s Instagram workout challenge Also Nani, who’s played with me. You have big stars playing here. [Joining] Manchester United was so easy because since I was a kid, it was a dream, so for me, doing this step, a big step to the Premier League to Manchester United was perfect.” FacebookTwitterWhatsAppEmail分享 last_img read more

Bulldogs And Raiders Win At Ripley County Boys Basketball Tourney

first_imgThe Ripley County Boys Basketball Tourney took place last night at Batesville.  The Batesville Bulldogs defeated The Milan Indians 38-29 while The South Ripley Raiders were victorious against The Jac-Cen-Del Eagles 63-46.The Boys Finals are set for this Saturday Night at Batesville with Milan and Jac-Cen-Del in The Consolation Game starting at 6 followed by South Ripley and the host Bulldogs for The Championship.  The 2016 Ripley County Basketball Hall of Famers will be introduced in between the games.The Girls Finals are set for this Friday Night at JCD with Milan and South Ripley in The Consolation Game starting at 6 followed by Batesville and the host Lady Eagles for The Championship.Listen to The Sports Voice in Southeastern Indiana-Country 103.9 WRBI for complete coverage of The Ripley County Basketball Tourney.  WRBI’s Countdown To Tipoff will be at 5:30.last_img