Vermont’s economy second-fastest growing in nation

first_imgIn the third quarter of 2009, Vermont’s gross state product went up 5.3 percent over the previous quarter. This increase ties Vermont with Washington, DC, at second place nationwide in terms of growth. New Hampshire saw a 3.8 percent climb this quarter, and sits at ninth place. The US average was 2.2 percent.Vermont’s quarterly real gross state product in this quarter, seasonally adjusted, was $23.8 billion at constant 2005 prices. In the second quarter, the state’s GSP was $23.5 billion. Vermont’s GSP dropped by a 0.1 percent annual rate in the third quarter from the same quarter a year ago.Growth Across the NationQuarterly Gross State Product (GSP) Briefing, February 2010Gross State Product (GSP)Rank Vermont GSP, Third Quarter of 200915.825.335.344.854.664.474.283.993.8103.8113.8123.6133.6143.5153.4163.0173.0182.8192.7202.7212.7222.5232.5242.4252.4262.4272.3282.3292.2302.2312.2321.9331.6341.6351.5361.3371.2381.0Vermont’s Quarterly State Accounts @ a Glance391.0400.9Third Quarter of 2009410.8420.8Gross State ProductSeasonally Adjusted Annual RatesGrowth & Inflation430.6or State GDP GSP / GDP in Billions of DollarsPercent Change in440.5State & NationalLatest Quarter AgoYear Ago Third Quarter of 2009 from450.4Statistics2009:Q32009:Q22008:Q3Quarter AgoYear Ago 460.1Vermont 51-3.5● Real GDP*$12,973$12,902$13,3252.2%-2.6% 2.2    *Chained 2005 dollars.   **Current Dollars.   ***Index, 2005=100.*Annual % change from the previous quarter in GSP at 2005 chained dollars.Source: US GDP, Department of Commerce.  State GSP, also called state GDP, from ‘Quarterly GSP Trends,’ Vol. V, No.3, February 2010, by e-forecasting.com, Durham NH, USA.Source: www.e-forecasting.com(link is external) 2.25.2010. 47-0.3● Real GSP*$23.8$23.5$23.85.3%-0.1%48-0.4● Nominal GSP**$25.7$25.5$25.52.7%0.5%49-0.9● GSP Price Index***107.8108.5107.3-2.4%0.5%50-1.2United States last_img read more

Backpacking 101: Six Essential Tips for your Inaugural Thru-Hike

first_imgBen King grew up exploring the wilds that surround Bryson City, North Carolina. He turned this passion into a career when he opened Bryson City Outfitters last April. His quaint, downtown shop houses gear, offers advice, and upholds a community-minded ethos.“Community over commerce,” says King. “Local independent shops have a lot of experience and knowledge to impart. I think that has a lot more value than amazon.com.”King is a specialist at dialing in beginning backpackers. Here are a few of his tips.1. NavigationPlan a modest route. Do not overestimate yourself. Make sure you find the right map. “I use National Geographic maps,” King says. Eventually learning to use a compass will provide added security. King sends a lot of hikers to Nantahala National Forest. Smoky Mountain National Park, it should be remembered, requires reservations, a camping fee, and does not allow dogs. His regional favorites include Wesser Bald, Deep Creek, and Panther Town. Wherever you choose, make sure to plan a manageable journey and bring a good map.fullsizerender-22. Pick the Right Pack “For a short trip a 32-liter pack should do it,” says Kings. “You don’t want just any pack. If your pack doesn’t fit properly, you’ll be sore and have a horrible trip.” According to King, good suspension and proper fitting are key. You want the weight on your hips. “As an independent, small retailer this is where our knowledge comes into effect,” explains King. He recommends two of the oldest companies in the industry, Gregory and Kelty. “They invest a lot of time into systems to fit torsos,” he says. “Gregory comes with a rain fly. Going backpacking without a rain fly is a nightmare. That rain fly can be lifesaver.”    fullsizerender-3 3. Sleep Tight“I try to introduce beginners to the mummy style bag. A good synthetic 32-degree bag will meet their needs. At any outdoor gear shop you’ve got 500 different options. Packability size is a big thing – how small can you get it. You don’t want to be lugging around a huge bag.” As for brands King says Kelty and Sea to Summit sleeping bags are the way to go.4. Tent Over Hammock “Going out into the backcountry for the first time you are going to be more comfortable in a tent than a hammock. You want to be looking at a three-season tent. I try to find a tent that has a footprint – a piece that goes down first before you set it up to give you a little extra insulation from the ground. I would stick to a two pole system with a rain fly. They’re not going to be super light weight without paying big bucks, but you can split up weight with two people.” fullsizerender5. Calories Count  A butane single burner stove and 100 gram canister mean hot meals, however there are countless strategies to getting vital calories. Instead of expensive dried meals, King gathers grocery store basics. “I take Ramen and packaged salmon or tuna. Take those dried starches to save a lot of weight. Summer sausage. Cheese. It takes a long time for cheese to get moldy.” King advises backpackers to not worry about anything more than calories. “You want to replace those calories that you’re losing. Poptarts are not necessarily good for you, but there are a lot of calories and they go down easy. Also, trail mix. It’s worth the reward, but make sure you pour into your partner’s hand. Don’t let them reach in the bag.” 6. Clean Water “Water filtration is a big thing,” says King. “I am comfortable identifying a spring or a clean water source, but having something to filter water is source of mental stability.” For a two-day hike, most people can carry enough water, but the extra weight is burdensome. King uses a sawyer mini water filtration system. “It’s a filter about four inches long. You can screw it on a bottle or use like a life straw straight from the source. My backup is always to have your iodine tablets.”last_img read more

Top 5 compliance issues of September: Supervisory Committee Guide, Truth in Lending

first_imgNAFCU’s award-winning compliance team works daily to offer compliance assistance and services to keep credit unions’ informed of the ever-changing regulatory environment. Each month, the team answers hundreds of compliance-related questions from NAFCU members and blogs on key issues. Here were the five most popular topics in September.The NCUA Supervisory Committee Guide: Following the NCUA Board’s decision to retire the agency’s Supervisory Committee Guide, NAFCU Regulatory Compliance Counsel Reginald Watson discussed the recently issued final rule on Supervisory Committee Audits and Verifications.2020 Truth in Lending Threshold Adjustments: In another blog post, Watson noted the CFPB’s annual inflation-based adjustments to certain thresholds for transactions covered under Regulation Z.Bonuses to members: NAFCU Senior Regulatory Compliance Counsel Jennifer Aguilar provided insight into the NCUA’s rules regarding credit unions providing bonuses to members, including an overview of Part 707 of  the agency’s Truth in Savings regulation. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

The CUInsight Experience podcast: Marsha Majors – Safe spaces (#78)

first_imgThank you for tuning in to episode 78 of The CUInsight Experience podcast with your host, Randy Smith, co-founder of CUInsight.com. This episode is brought to you by our friends at PSCU. As the nation’s premier payments CUSO, PSCU proudly supports the success of more than 1,500 credit unions.In today’s environment of remote work and social change, what is your credit union doing to ensure your members and employees feel welcome, heard, and well taken care of? On this week’s show, I’m sitting down with Marsha Majors, President and CEO of US Eagle Federal Credit Union in New Mexico, to learn more about how she’s leading her credit union through not only this global pandemic, but also George Floyd’s death and the social upheaval that has followed in communities across the country. To that end, we discuss how important it has been for Marsh to continually communicate and reiterate the vision and values of US Eagle Federal Credit Union to her team and members through it all. Marsha also talks about the need to build trust and educate members in this new environment to help them feel safe and ensure a smooth transition to more efficient services channels. We also chat about why she thinks credit unions must be better about advocating for themselves going forward. Also in the episode, Marsha and I discuss how she’s using her position as President and CEO to inspire and mentor young girls and women, and why she chooses to lead by example. Additionally, she shares her useful methodology for making difficult decisions, discusses the mistakes she sees young leaders making today, and details some of the ways her mentors have helped her in her career and how she is paying it forward by mentoring the young people of her community. In the final portion of our conversation, we learned that Marsha wanted to be a teacher when she was growing up and likes to listen to mellow music. She shares that the COVID-19 crisis has really forced her to stop and smell the roses, and appreciate the people in her life. I hope you enjoy this fantastic conversation! Find the full show notes on cuinsight.comSubscribe on: Apple Podcasts, Spotify, Google Play, Stitcher Books mentioned on The CUInsight Experience podcast: Book List How to find Marsha:Marsha MajorsMMajors@useagle.orgwww.useagle.orgMarsha MajorsLinkedIn | Facebook | Twitter Show notes from this episode:A big shout-out to our friends at PSCU, an amazing sponsor of The CUInsight Experience podcast. Thank you! Check out all the outstanding work that Marsha and her team at US Eagle Federal Credit Union are doing here. Shout-out: Randy’s mother Shout-out: Renée SattiewhiteShout-out: Jill NowackiShout-out: Maurice SmithShout-out: Global Women’s Leadership Network Album mentioned: Anthology by Maze featuring Frankie BeverlyAlbum mentioned: The Best of Sade by SadeBook mentioned: Who Moved My Cheese?: An Amazing Way to Deal with Change in Your Work and in Your Life by Spencer Johnson and Kenneth BlanchardBook mentioned: Becoming by Michelle ObamaPrevious guests mentioned in this episode: Renée Sattiewhite, Jill Nowacki (episodes 4, 18, 37 & 64), Maurice SmithIn This Episode:[02:16] – Marsha, welcome to the show![03:13] – Marsha shares how she provides a safe place for her staff and members during these critical crises.[06:00] – Will the pandemic change the way members do business with credit unions going forward?[08:11] – Marsha speaks about how she believes credit unions should advocate for themselves and stay relevant.[10:11] – Marsha shares how she came up through the ranks in a credit union.[12:53] – In a year from now, what will you be most proud of that you and your team have accomplished?[14:43] – Marsha speaks about what inspired her to take the position with US Eagle Federal Credit Union.[16:05] – Has the inspiration changed since you took the position?[16:50] – Marsha believes her leadership style is servant leadership, putting people first and leading by example.[18:35] – As a leader, is there something your team has heard you say so many times they can finish your sentence?[19:49] – Marsha discusses how she was born with the ability to make hard decisions.[21:00] – When you become a leader, you have made it, a myth she wants to debunk.[21:53] – Marsha shares the mistakes she has made and the mistakes she sees young leaders make today.[22:59] – Stay true to yourself, know your capabilities are pieces of advice she has been given that she still uses.[23:53] – How has the power of mentorship helped you in your career, and how are you paying it forward?[24:53] – Marsha shares some recent self-doubt she has had to overcome.[26:34] – Marsha speaks about some community work her organization has done that makes her smile and feel proud.[27:40] – Marsha chats about what she does when she has a day off to recharge.[30:16] – What were you like in high school and do you remember ever getting into memorable trouble?[31:03] – Marsha says that she wanted to be a teacher when she was growing up.[32:36] – What is your favorite album of all time?[33:14] – Is there a book you think everyone should read?[33:57] – People have become more important and spend time with family. [34:49] – Marsha shares her final thoughts for the listeners.[35:38] – Thank you so much for being on the show today! 14SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Randall Smith Randall Smith is the co-founder of CUInsight.com, the host of The CUInsight Experience podcast, and a bit of a wanderlust.As one of the co-founders of CUInsight.com he … Web: www.CUInsight.com Detailslast_img read more

CUs: A penny for your thoughts?

first_imgAmid the coronavirus pandemic, consumers are using physical currency less frequently, which has resulted in fewer coins moving through the supply chain. NAFCU member credit unions are encouraged to submit responses to this month’s Economic & CU Monitor survey by Friday and share their recent experiences related to coin circulation and member coin deposits.Last month, the United States Mint encouraged consumers to pay for things with exact change and return any spare change to circulation as part of its effort to offset the current disruption to supply channels. As part of the U.S. Coin Task Force, NAFCU has been working with the Federal Reserve, the U.S Mint and other industry stakeholders to address the problem and outline ways consumers can help.Credit unions are encouraged to help promote awareness and understanding of the coin circulation issue by using #GetCoinMoving on social media posts.Reponses to the Monitor survey are due this Friday, Aug. 14; the survey can be filled out online. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

Trump’s tariffs will hurt all Americans

first_imgThat’s the rationale Ross invoked to escape what would otherwise be American commitments under international trade law. Superficially plausible – planes are made of aluminum; tanks from steel – it’s basically bogus.A real expert on national security, Defense Secretary Jim Mattis, has been decidedly cool on Ross’ protectionist project and said so in a memorandum to the commerce secretary, albeit between the lines.While Mattis said he was against countries “intentionally” using “unfair” trade practices to harm the U.S. defense industrial base – as opposed to outcompeting us, which is what some of the trading partners potentially affected by the Trump tariffs are actually doing – he also pointed out that U.S. industry can easily meet the military’s steel and aluminum needs without protection.If we must go ahead with tariffs anyway, Mattis urged, we should spare our “key allies” from “negative impact” and encourage them to join us in putting pressure on China, whose market manipulations in both steel and aluminum are real and a legitimate focus for U.S. response.However, the president gave no sign Thursday that he would heed either suggestion. On its face, his decision applies equally to hostile powers such as China and Russia and to close treaty allies such as Canada and Japan.Without major modifications, the president’s plan will encourage U.S. allies to join forces with U.S. adversaries. Mattis also urged making it clear to U.S. industry that protection would be conditional, “to set clear expectations domestically regarding competitiveness.”Instead, Trump promised a roomful of steel and aluminum executives “you’ll have protection for the first time in a long while,” adding vaguely: “You’ll have to regrow your industries, that’s all I’m asking.”Trump’s words are not always an exact guide to the policies his administration formally adopts.Already, though, the president and his commerce secretary have legitimized unilateral invocation of a “national security” exception to normal trade rules.Other countries can play that game, too; and more might try, now that the United States has set this bad example.Race to the bottom, trade war: Call it what you will, the spiral will eventually harm everyone, the United States and its metal industries very much included.More from The Daily Gazette:EDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Beware of voter intimidationFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Find a way to get family members into nursing homes Categories: Editorial, OpinionThe following editorial appeared in The Washington Post.President Donald Trump announced new tariffs on steel and aluminum imports Thursday, following the recent recommendations of his secretary of commerce, Wilbur Ross.Actually, Trump went a bit further, saying he would hit steel with a 25 percent levy, rounded up from the 24 percent Ross had said was necessary to keep the U.S. industry operating at the 80 percent of capacity that central planners in his department deem optimal.For aluminum, the charge will be 10 percent.Prices on everything made from steel and aluminum will go up; jobs saved by producers may be offset by jobs lost elsewhere.If that seems contradictory, consider the fact that this tax increase on raw materials comes from the same president who says the economy is booming because he cut taxes on income.Ostensibly, these added burdens on all Americans except those involved in steel and aluminum production are necessary for national security.last_img read more

COVID-19: TNI, ACT to distribute aid to affected residents in parts of Greater Jakarta

first_imgThe Indonesian Military (TNI) and humanitarian organization Aksi Cepat Tanggap (ACT) are set to distribute up to 1,000 tons of rice and 1,000 boxes of drinks for residents affected by the coronavirus outbreak in capital Jakarta and neighboring Tangerang, Depok and Bekasi within the next one month.In the first stage, they are to give out 70 tons of rice packed in 5-kilogram sacks and some 600-milliliter bottles of water to people living in, among others, Tanah Abang, Central Jakarta, Pulau Gadung, East Jakarta, Jagakarsa, South Jakarta, Kebun Jeruk, West Jakarta, Pademangan, North Jakarta, Legok, Tangerang and Bantar Gebang, Bekasi.Military personnel and volunteers with ACT would hand-distribute the assistance from door to door, Antara reported. Read also: Indonesia announces Rp 405 trillion COVID-19 budget, anticipates 5% deficit in historic move”Hopefully, our contribution can ease the burden of the public. We also hope that the COVID-19 pandemic will end soon,” TNI commander Air Chief Marshal Hadi Tjahjanto said in a statement read out by his aide, Lt. Gen. Joni Supriyanto, at the TNI headquarters on Wednesday.He said he also appreciated the help from ACT in channeling the aid. “It’s time for us to unite and support each other.”Aside from the food assistance, the military also planned to donate 25,000 face masks and 10,000 packages of hand sanitizer as many people nationwide faced shortages of such items essential for preventing COVID-19 transmission.As of Thursday — a month since President Joko “Jokowi” Widodo announced the country’s first two confirmed cases — a total of 1,790 people in Indonesia have been infected by the disease, with 170 fatalities, according to the government’s official count.Jakarta had half of the cases with 897 confirmed infections and 90 fatalities. (vny)Topics :last_img read more

Papuan armed group accused of shooting COVID-19 team members

first_imgMilitary and police personnel belonging to the Nemangkawi task force in Intan Jaya regency, Papua, are on a manhunt for an armed group that purportedly shot members of a local COVID-19 response team.As reported by Antara News Agency, the Nemangkawi joint task force released a statement on Saturday saying an armed group had shot two health workers affiliated with the local COVID-19 task force in Wandai district, Intan Jaya regency, on Friday at 4:30 p.m. local time.The two medical workers – identified as Amalek Bagau, 30, and Eniko Somou, 39 – were shot while delivering medical supplies to a remote area in Intan Jaya regency. The Nemangkawi task force, with the assistance of the Intan Jaya Police, managed to locate and evacuate the victims and transferred them to the Nabire General Hospital on Saturday morning, according to the statement.Read also: OPM says TNI, police shot medical workers in PapuaPapua Police spokesperson Sr. Comr. AM Kamal said Amalek had survived the incident, but was in critical condition, while Eniko had died from his wounds.“It took us about five hours to arrive at the crime scene,” Kamal said, citing difficulties in navigating the steep terrain.The case is the latest in a recent string of violence that has resulted in the deaths of civilians in the region.In April, two young Papuans, Eden Armando Bebari and Ronny Wandik, were allegedly shot to death by security forces in Mimika regency after being mistaken for members of an armed separatist group. A week before that, New Zealander Graeme Thomas Wall, an employee of gold and copper mining company PT Freeport Indonesia, was killed by gunmen in the area. (rfa)Topics :last_img read more

Yankees top Forbes’ list of richest MLB clubs

first_img Loading… Read Also: Johnson hopeful NBA can crown a champion despite coronavirus The Boston Red Sox clocked in at third at $3.3 billion, followed by the Chicago Cubs ($3.2 billion), San Francisco Giants ($3.1 billion), New York Mets ($2.4 billion), St. Louis Cardinals ($2.2 billion) and Philadelphia Phillies ($2 billion). Only the Pittsburgh Pirates and Miami Marlins dropped in value, the Pirates by 1% and the Marlins by 2%. Only the Marlins, valued at $980 million, were outside the billionaire club, according to the calculations by Forbes. FacebookTwitterWhatsAppEmail分享 Promoted ContentWho Earns More Than Ronaldo?9 Facts You Should Know Before Getting A TattooLaugh, Cry, Or Just Relax With The Best Series Streaming On HBOTop 7 Best Car Manufacturers Of All TimeThe Highest Paid Football Players In The World10 Risky Jobs Some Women Do7 Ways To Understand Your Girlfriend BetterYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime10 Awesome TV Series That Got Cancelled Way Too SoonCan Playing Too Many Video Games Hurt Your Body?The Very Last Bitcoin Will Be Mined Around 2140. Read More5 Of The World’s Most Unique Theme Parks The Los Angeles Dodgers were rated the second-most valuable team at $3.4 billion, and also posted the second-highest revenue, Forbes said. Major League Baseball may lose billions to the coronavirus shutdown, but its clubs appear to be on firm footing according to Forbes’ latest list of franchise values released Thursday.Yankee Stadium is empty now due to the coronavirus pandemic but the team that usually plays there, the New York Yankees, tops the Forbes magazine list of most valuable Major League Baseball franchises released ThursdayThe financial publication estimated that 28 of 30 MLB clubs appreciated in value in 2019. The New York Yankees once again top the list, appreciating 9% to $5 billion in total value. According to Forbes, the NFL’s Dallas Cowboys, worth an estimated $5.5 billion, are the only sports franchise in the world worth more than the Yanks. Forbes predicted that strong recent profits will “help offset any downturn from the delayed season.” MLB has indefinitely postponed the 2020 campaign, which had been scheduled to start on March 26, as health authorities urge social distancing to slow the spread of deadly COVID-19. Until the setback, Forbes said, MLB profits were at record highs thanks to flat player costs and increased revenue of $16 million per team on average. Forbes calculated that the Yankees generated $683 million in revenue in 2019.Advertisementlast_img read more

Pulis eyes January bargains

first_img Since Pulis’ arrival, the Eagles have won three games and now sit outside the bottom three on goal difference with a tantalising New Year’s Day clash at home to fellow strugglers Norwich to come. But the 55-year-old Welshman still wants to add to his squad when the transfer window opens and is determined to be as wily with his business as he has been in the past. “Every club I’ve been at, I don’t think anyone can decry me spending too much and not giving them a return on their money,” he said. “I have always prided myself in that respect and if I bring players in they will be coming in to help us initially stay in the Premier League. “If they are older players you keep the value by staying in the Premier League or they are young and they actually gain value. “At Stoke if you look at [Ryan] Shawcross, [Asmir] Begovic, [Marc] Wilson and [Steven] Nzonzi – they have all maintained Premier League football for Stoke City. “Their value now compared to what we paid at the time would have gone through the roof – if we could do the same at this football club then I would be doing somersaults. “I’m hoping and praying that one or two things will drop for us. Both in terms of players who are not in the squad or around the squad, moving them on and letting them play. That might leave us a little room to manoeuvre and bring a few in.” Pulis took over at Selhurst Park in November with Palace struggling to adapt to the Barclays Premier League following their promotion through the play-offs. His predecessor Ian Holloway went on a summer recruitment drive that saw 16 new faces enter the club, something which he believes played a part in his departure from Palace as his new-look squad failed to gel. Crystal Palace manager Tony Pulis will enter the January transfer window with the experience of signing players who can not only help in the fight against relegation but also benefit the Eagles financially. Despite a turnaround in fortunes, which has seen Palace record much-needed victories over West Ham, Cardiff and Aston Villa, Pulis refuses to get too carried away with the impact he has had on the players. “I’m just concerned about the next game and the next game,” he said. “If you pat yourself on the back for having a good performance this game will kick you up the backside but if you get down and depressed you drag other people down with you. “You have to be upbeat and positive and though it affects you, you have to get over it as soon as you can – whether that is a good or a bad performance. “When I say I’m never happy – I think you can never be happy with your lot. If you are driven then you strive to improve, you mustn’t confuse that for not being happy. In respect of striving to get better all the time that is who I am.” Even being outside the bottom three bares no significance for Pulis. “It is the New Year, it is not the end of the season,” he added. “The most important thing is that we stay focused and that we prepare properly for Wednesday and the next game, until the end of the season or until we get the points to keep us in the Premier League.” Pulis will be sweating over the fitness of striker Cameron Jerome, who was forced off in the 1-0 defeat at Manchester City, but is hopeful midfield duo Stuart O’Keefe and Kagisho Dikgacoi will be involved against Norwich. Press Associationlast_img read more