Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A 76-year-old Syosset man died after his car plunged into a river in Connecticut and a woman in the vehicle was nearly swept away over the weekend.Richard Lamendola drove his car off of a Saugatuck River boat launch on Elaine Road in Westport at 7:40 p.m. Saturday, Westport police said.Patrons at the nearby Whelk Restaurant heard a woman screaming for help and called 911.Responding officer found a woman struggling in the river while being swept away by the current, police said. Firefighters boarded a civilian boat and rescued the woman.The woman, who was taken to Norwalk Hospital for treatment, told police that she was in a vehicle that ended up in the water and believed the driver may still be in the water, authorities said. Shortly later, officers found the man up the river. He was taken to a local hospital, where he was pronounced dead.Police are continuing the investigation but do not suspect foul play.
The credit card industry has become increasingly competitive. What was once just a payment method – a short-term loan – is now a full consumer experience threaded with rewards programs, fraud protections and too-good-to-be-true promotional offers. According to creditcards.com, the top 10 credit card issuers are issuing 90% of credit cards in the United States. With these big issuers controlling the marketplace, how can credit union programs compete and continue to thrive?Establishing successful partnerships is critical, particularly for credit unions that have made the strategic decision to focus on lines of business other than payments.TMG Financial Services (TMGFS), for instance, has a group of dedicated and knowledgeable employees who manage credit card programs day-to-day. Serving as advisors, these experts provide credit unions analysis and guidance on the credit card portfolio the financial institution owns and manages. The main goal of Advisory Services is true to the TMGFS mission, to help credit unions grow using the credit card program as a growth mechanism.And it’s working. In just under a year, our advisors have assisted several credit unions from across the United States to solve a variety of issues they had in growing and maintaining the health of their credit card portfolio. Here were some of the highlights: continue reading » 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
The Feb. 4 column, “Higher education is headed for a supply and demand crisis,” by Professor Jeffrey Selingo provides insight into high school graduation rates and the effects on colleges’ future enrollment prospects.The challenges faced by colleges are based on students’ academic achievements, parents’ finances, and colleges’ decisions to compete alone or form regional colleges cooperative services board (NYS Education Law Article 10-D) with interdisciplinary curriculum for maximum resource utilization and cost containment.The state Board of Regents adopted Educating the Whole Child Engaging the Whole School guidelines advocating “age-appropriate skill acquisition through character education, social-emotional learning and standards-based instruction”. Parents, guidance counselors, teachers and students need to persuade school boards to support “Whole Child” development through improved regional BOCES plans for interdisciplinary career and technical education curriculum for students.Collaboration between the New York State United University Professions (UUP) and the New York State United Teachers (NYSUT) to apply for and obtain funds from the National Science Foundation’s Directorate of Education and Human Resources and the National Endowment for the Humanities can benefit students, teachers, school districts, colleges and society.Establishment of an interdisciplinary studies process for grades 10-16 based on guidance counselors’ individualized curriculum plans can ensure appropriate career and technical education programs for students.Teachers of BOCES and cooperating colleges can enhance their talents and extend humanities and science, technology, engineering and mathematics workforce development.Michael McGlynnWatervliet More from The Daily Gazette:EDITORIAL: Thruway tax unfair to working motoristsFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Beware of voter intimidationCuomo calls for clarity on administering vaccineEDITORIAL: Urgent: Today is the last day to complete the census Categories: Letters to the Editor, Opinion
The confirmation hearing for the Jakarta deputy governor, set to take place on March 23, will go ahead as planned with some restrictions imposed as precautionary measures against COVID-19, the Jakarta Council said. The council is expected to hold a plenary session on March 23 to choose between Gerindra Party politician Riza Patria and Prosperous Justice Party (PKS) politician Nurmansyah Lubis as a deputy to Jakarta Governor Anies Baswedan for the 2020-2022 period. Council speaker Prasetyo Edi Marsudi said attendees of the plenary session would be limited to city councillors, Jakarta agency heads and mayors. The Jakarta Health Agency is expected to help with the standard operating procedure, such as by providing face masks, hand sanitizer and conducting temperature checks. “[Governor] Anies should have a partner in this kind in this kind of situation. He needs input from a partner, namely a deputy governor,” Prasetyo, a Indonesian Democratic Party of Struggle (PDI-P) politician, told the press at his office on Tuesday. The deputy governor seat has been left vacant since the former deputy governor, Gerindra Party politician Sandiaga Uno, resigned to run as a vice presidential candidate alongside fellow Gerindra politician Prabowo Subianto in the 2019 elections.The PDI-P holds the most seats on the 106-strong council with 25 seats, followed by Gerindra with 19 seats and the PKS with 15 seats.Riza, a former House of Representatives member, has said he was backed by, among others, the Golkar Party’s Jakarta deputy chairman, Agus Gumiwang Kartasasmita, and the PDI-P. Meanwhile, Nurmasyah has said he is backed by, among others, council deputy speaker Abdurrahman Suhaimi.The feasibility of the 23 March plenary session to choose a deputy governor has been questioned as the central government and the Jakarta administration have discouraged large scale meetings to prevent the COVID-19 from further spreading. Speaker Prasetyo said the council would not receive or conduct any visits for the time being as a preventive measure against COVID-19. As of Wednesday morning, Indonesia has reported 172 confirmed cases of COVID-19. (dfr)Topics :
A projection on Guggenheim Partners’ website shows benchmark 10-year yields hitting -0.5 percent at the end of 2021.Investors worry that the United States crossing the zero bound may have bigger disruptive side effects in money markets than the years of negative rates in Europe and Japan.“The adoption of negative rates in the United States would cause more disruptions than in Japan or Europe,” said Ayako Sera, market strategist at Sumitomo Mitsui Trust Bank in Tokyo.“In the United States, companies rely on credit markets for their financing…adopting negative rates in the United States would disrupt the pricing of so many securities.”Powell puntThe lower bound of the Fed’s benchmark rate is already zero. Negative rates are generally viewed as an emergency measure for spurring growth even more.Futures show negative Fed policy rate in 2021. (Refinitiv Datastream/Vidya Ranganathan)Yet because years of such policies in Europe and Japan have failed to provide a panacea, there is plenty of skepticism that the United States will follow suit.Fed Chairman Jerome Powell said in March that negative rates would be unlikely to help the economy. Investors expect him to reinforce that message during webcast comments scheduled for Wednesday.Political blowback from a move that would hurt savers, in a country where saving is part of the national psyche, would also be difficult to navigate, as would harm to the financial sector which depends on interest rate margins for income from loans.Still, the economic damage caused by the coronavirus pandemic has already forced the Fed to roll out an unprecedented range of programs, including expanding its corporate bond-buying to include some speculative-grade debt.“Negative rates are possible,” said Akira Takei, fund manager at Asset Management One, who is bullish longer term US Treasuries and betting benchmark US 10-year yields could drop to zero.The policy effectively redistributes income from those who have benefited from many years of lending to those who need to borrow, he said. “In that sense, they are similar to various income and rent support programs for those who have been hit by the lockdowns.”Hot bonds, maybe not stocksUltra-low rates drive demand for bonds, since their higher coupon becomes more attractive.That in turn compresses yields, a factor that has already pushed up gold prices, since the metal becomes more attractive relative to bonds. Gold is up around 12 percent this year.Beyond that, negative rates could drive money out of the US as investors seek higher yields abroad, said Cecilia Chan, Asia-Pacific chief investment officer for fixed income at HSBC Global Asset Management in Hong Kong.“I don’t expect that negative rates would be sustained in the US,” she said. “(But) I think the impact on Asian credit would probably be positive. Asian bonds offer some decent yield pickup against deposit rates.”In equities, the consequences are less clear because of the extreme level of uncertainty around current and future company earnings.Negative rates could accelerate a rotation away from under-pressure financials into pharmaceuticals, utilities and telecoms, where dividends tend to be higher, said John Praveen, portfolio manager for QMA, the quantitative equity and global multi-asset solutions business of PGIM.He believes, however, that rates are unlikely to fall below zero anytime soon and, if they did, it would be a bad signal.“If the Fed actually decides to go negative it is a sign that they have run out of ammunition. Clearly that is not the case.”Topics : Negative interest rates in the United States were once unimaginable. The coronavirus has changed that.While the Federal Reserve has all but ruled it out, the sweeping economic and financial-markets impact of the pandemic has forced investors to give serious thought to the implications of such a drastic policy shift.Rate options, which gauge monetary policy expectations, on Monday implied a 23 percent probability that the key federal funds rate will go below zero by the end of December, according to BofA Securities data, which cited short expiry options on one-year US swap rates. That compares with a 9 percent-10 percentt probability last week. Fed funds futures are pricing in rates of about one basis point below zero by June 2021 as the pandemic hammers the US economy toward its steepest downturn since the Great Depression.“It’s gone from theoretical to distinctly possible,” said Michael Purves, chief executive of Tallbacken Capital Advisors.He still thinks the Federal Reserve is “so far away” from actually going negative. Yet the unprecedented price moves show a market bracing for the unthinkable, and investors preparing for consequences ranging from a bank profit squeeze to sub-zero bond yields, money market turmoil and capital outflows.Scott Minerd, global chief investment officer at Guggenheim Partners, sees a chance that bond buying from the Fed pushes benchmark US yields to uncharted negative territory.
Photo credit: stanford.eduThe Ministry of Health wishes to inform the public that there is an increase of Acute Respiratory Infection referred to as the Flu.The general public is advised to maintain good hygiene and follow these instructions in order to prevent the spread of communicable diseases such as influenza like illness.•If you are experiencing flu like symptoms (i.e. fever, cough, sore throat, headache, chill and vomiting) seek medical attention at your nearest health centre/facility.• Observe good hygiene practices to help stem the spread of the illness. • Wash hands thoroughly with soap and water or use an alcohol based hand sanitizer after using the toilet, before preparing food and drinks and before breast feeding or handling infants, children or the elderly.• School children, the elderly, and day care owners should take special care as the flu is most likely to spread in crowded areas If you are having flu like symptoms please observe the following;• Avoid being in crowded place and close contact of others.• Use clean tissue to cover nose and mouth when coughing or sneezing• Place used tissue in a garbage bin after single use• Wash your hands with soap and water and/or use hand sanitizer often.• Do not take aspirin for feverThe Ministry of Health advises everyone to take the necessary steps to protect yourself, your family and the general public from contracting the Flu. Press ReleaseHealth Promotion Resource Centre, Ministry of Health 6 Views no discussions LocalNews Public health message alerting general public of Acute Respiratory Infection by: – February 15, 2012 Tweet Share Share Share Sharing is caring!
Irish Prime Minister Leo Varadkar says he plans to return to medicine and pick up some hospital shifts to help out during the coronavirus pandemic.According to reports, Prime Minister Varadkar rejoined the medical register in March and plans to work one shift a week to help out during the pandemic.Varadkar worked as a doctor for seven years but decided to leave the field in 2013 to become a politician.During his shifts, he will carry out phone assessments which would help free up other staff members for frontline work, according to national broadcaster RTE.In Ireland, there are almost 5,000 cases of the coronavirus and 158 reported deaths.The has been on lockdown for over a week with residents only being able to carryout essential activities.The lockdown prevents residents from traveling more than 2 kilometers from their homes and gatherings with people from separate households.
Donates educational material to schools in Benue StateSuper Falcons’ Forward, Francesca Ordega, has disclosed that her pet project, The Francisca Mlumun Ordega Foundation will soon build a multi-million dollars female football academy in the country to take young hawkers off the streets to discover their talents in sports.Ordega stated this when she visited some schools and orphanage homes in her native town of Gboko, Benue State where she presented some educational materials like note books, dictionaries, pencils, pens, school bags and footballs to them.“My foundation wants to build a football academy to educate young girls, take them out of the street and give them a new lease of life. If I can get to where I am now, I am sure a lot of our girls can do same. So there is no need to wallow in self-pity,” stressed the senior national team player. Ordega, 24, who currently plays for Washington Spirit in the National Women’s League in the United States of America believes so much in the future of young girls in her community and charged them to remain focus.She maintained that they can achieve greatness in every area of their endeavor.The Falcons forward called on privileged Nigerians not to forget their roots and to always show love to those in need in order to give them a sense of belonging in the society.According to her the best way to show gratitude for what a society has given to any individual is to give back and added that for her she will continue to demonstrate such gesture.She urged the students not to despair irrespective of the family they were born into as they cannot change that but can change their future for the better and stressed that they can make their state great through various means and capacity.“I conquered, you can conquer. I served my country by playing for the national team. You can serve our country by being the president, governor or something greater. I played international football for Nigeria. You can work in any multinational abroad if that is what you prefer with the right qualification. I made Benue proud, you can make Benue greater. Dream, have focus, pray and the sky will be your starting point,” Ordega noted in her message to the girls.At the orphanage home she also gave out food stuffs, beverages, toiletries, detergents and other house hold items worth millions of naira to the inmates.“For me I think that it is important to show love to those who don’t have. People who have benefited immensely from our country should give back a little of what they have. It’s just like paying tithe.“I have been very fortunate to play football at the highest level for the country and beyond. I do not have all the money but the little I have, I think I can share with those who need it. That is the way to go and that is why I came here today to let these ones who may be feeling disillusioned because of their situation to look up and be happy.” She concluded.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram
On senior day at the Kohl Center, the freshmen took over the show.Tara Steinbauer, Lin Zastrow and Alyssa Karel kept the Badgers in the game to the best of their ability, giving the large home crowd a taste of what could be a bright future for the next three years.The trio combined for 43 points, more than half of Wisconsin?s scoring total in the 87-78 loss. The three made up for the seniors? poor shooting but could not help the Badgers overcome a Hawkeye lead that at one point reached 20 in the first half.?It?s certainly exciting for the future,? Wisconsin head coach Lisa Stone said. ?They are three really good players that have walked in and been welcomed by our entire team.?The last time the Badgers faced Iowa, they lost a heartbreaker in overtime. In that game, Jolene Anderson scored a career-high 42 points and dominated the Hawkeyes? defense. On Sunday, however, it was a completely different story for Anderson ? she shot 4-19 from the field and scored only 10 points.?She schooled us the first time we played them and that was a little embarrassing,? Iowa head coach Lisa Bluder said. ?We wanted to make sure that she didn?t have another career night against us. We worked hard in our denial, we worked hard on our pressure when she got the ball, but more than anything it was just awareness of her on the floor.?With Anderson and Janese Banks clearly off their marks Sunday, the Badgers needed the freshmen?s presence on the floor. Steinbauer kept the Badgers in the game early in the first half, driving to the lane and scoring seven points from the free-throw line while the rest of the team was ice cold.With the seniors still struggling in the second half, Wisconsin relied on both Zastrow and Karel to keep the Badgers in the mix. Karel hit two big 3-pointers to keep Wisconsin in the game and Zastrow?s post presence was a major factor, as she led all scorers for the Badgers with 17 points.?I thought it was harder for them to be defended because of the shooting range their posts have,? Bluder said. ?Zastrow and also when Alyssa comes in ? she?s such an offensive-minded point guard that she?s very hard to defend.?The Badgers scored most of their points when Zastrow and Karel were in the game ? the two shot 86.7 percent from the field ? but the freshman duo only played a combined 46 minutes compared to Anderson and Banks? 72.?They did an outstanding job and obviously the future looks very, very bright for the Wisconsin basketball team,? Bluder said. ?Those freshmen did a wonderful, wonderful job for them. I thought they were a lot stronger when those three freshmen were in.?Sunday?s game proved to the Badgers that the departure of Anderson, Banks and Danielle Ward will allow the freshmen to improve even more than they have this season.?They played fantastic. That just shows their talent. I can?t say enough about Alyssa, Lin and Tara,? Banks said. ?They?re not afraid to do anything. ? I expect good things from them.?Going into the Big Ten Tournament, the Badgers will need similar play from their freshmen in order to succeed. Their improvements throughout this past season are clear, and with the team?s top three scorers leaving, the three freshmen will emerge to become the team?s new offensive forces.?Since the beginning of the season until right now you?ve seen the growth in maturity in all three of them,? Stone said. ?They?ve played their roles very well and they?ve been accepted by a family of Badgers that is excited with what we?ve been doing lately.?
Junior guard Alyssa Karel led all scorers with 15 points, but it wasn\’t enough as the Badgers lost to Penn St. 54-43.[/media-credit]After suffering a brutal second half offensive lull, the Wisconsin women’s basketball team (15-5, 5-4) snapped its four-game winning streak Thursday night and fell 54-43 to Penn State (14-4, 6-2) at the Kohl Center.With second place in the Big Ten on the line, a widely anticipated defensive battle ensued as the Badgers shot only 28.1 percent from the field, compared to 40.8 percent for the Nittany Lions, and finished with a season low in points and field goal percentage.In the first half, the Wisconsin defense was especially stellar, as senior guard Teah Gant held Penn State star senior guard Tyra Grant scoreless despite PSU’s 21-18 lead. Grant, the Big Ten’s second leading scorer, rebounded in the second half with 14 points and finished the game shooting 6-for-16 to hand the Badgers their first conference home loss.“Tyra Grant’s a great player,” Wisconsin head coach Lisa Stone said. “She’s going to be in the pros, she can score from a lot of areas. I thought Teah Gant did an outstanding job defensively on her. We held her in check for the most part; she’s well below her average, yet a very good player. She’s as good with the ball as she is without; they’re going to go to her when they need something to happen.”For Stone’s squad, that key offensive presence was absent when the Badgers needed something to happen, particularly in the second half. After Grant converted her third field goal of the game to increase the Penn State lead to 31-27 with 9:35 remaining, the Nittany Lions scored on their next seven possessions to expand the lead to 11 points with 5:38 left on the clock. Meanwhile, Wisconsin scored only six points in that span, four of which came from the free throw line.“Obviously it’s a disappointing loss, especially because we’re at home,” senior guard Rae Lin D’Alie said. “It’s the case that we have no energy and we’re flat, that’s rather disappointing.”In addition to their poor field goal percentage, the Badgers also converted a mere 53.3 percent from the foul line, well below their season average of 66.9 percent. While Wisconsin managed to convert 19 Penn State turnovers into nine points, the Badgers were badly outrebounded 41-31, much to the chagrin of Stone.“That’s obviously concerning for us,” Stone said of the rebounding disparity. “The ones that stand out most to me are missed ones at the end of the game. We’ve got to get those boards at the end, limit their second chance opportunities. They had nine offensive rebounds, and second chance points are nine.“That makes a difference in the game, and it’s something that we talk about every day. We talk about physically blocking out, we do rebounding drills every single day, we knew that this was going to be an important game in terms of rebounding, and they got the nod. They got after it and got some second chances.”Despite Penn State’s second half dominance on the boards and on offense, Wisconsin still mustered a late charge. After the Nittany Lions extended the lead to 46-36 with four minutes remaining, junior guard Alyssa Karel, the game’s leading scorer with 15 points, scored five consecutive points to cut the lead to five. Grant considered her second half surge, however, and downed a tough layup.After Wisconsin junior forward Lin Zastrow scored in the paint, Penn State turned the ball over. The Badgers looked poised to turn the game around, as Zastrow seemingly converted a layup while getting fouled, but instead was called for an offensive foul.“I haven’t seen it on film, so I’m not quite sure,” Stone said of the offensive foul call. “I like the aggressiveness. Whether it’s a foul or not, I’m not sure. But I like how aggressive Lin went to the basket; it would have been nice to have a three-point play there. But the game doesn’t come down to one play.”Coming off the foul on Zastrow, Grant scored the dagger in the lane with 1:41 left and the Badgers did not score again. After enjoying balanced scoring for most of the season and especially last Sunday against Illinois —- where junior forward Tara Steinbauer scored 23 points and freshman guard Taylor Wurtz contributed 11 to accompany Karel’s nine and D’Alie’s eight — Wisconsin managed to only have Karel score in double figures. Finishing behind her was Zastrow, with six points.“We’ll try to just get some things out of this bye week, and then go on the road against Indiana and get back,” D’Alie said.