NY Assembly Speaker Sheldon Silver Arrested Amid Corruption Probe, Reports Say

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Sheldon Silver, the speaker of the New York State Assembly and one of the most influential lawmakers in Albany for two decades, was reportedly arrested Thursday on federal corruption charges.Silver, a Democrat representing lower Manhattan, surrendered to the FBI Thursday morning, and is scheduled to appear in federal court later in the day, according to news reports.“I hope I’ll be vindicated,” Silver said outside the federal building in Manhattan on Thursday, according to The New York Times. The veteran lawmaker ascended to his role as speaker in 1994.Late last March, Preet Bharara, the U.S. attorney for the Southern District of New York, reportedly opened an investigation into Silver after Gov. Andrew Cuomo had unceremoniously disbanded the so-called Moreland Commission, which was set up in July 2013 to investigate corruption in Albany.No charges have been announced.The Times has reported that federal prosecutors have been looking into payments Silver received from a law firm specializing in reducing New York City property taxes, which he may have failed to document on his financial disclosure filings.The New York Republican State Committee was quick to pounce. In a statement, the GOP called for Silver to step down.“Sheldon Silver must immediately resign from the State Assembly,” said NYGOP spokesman David Laska. “While this is another sad day for New York, we cannot be distracted from the important business of growing our economy and creating jobs.”It’s unclear who Silver’s successor would be.Assemb. Earlene Hooper (D-Hempstead) currently serves as Deputy Speaker. According to news reports, she is not in line for succession, should Silver leave office. She has not returned calls to her office for comment.last_img read more

Branch transformation success: Coastal Federal Credit Union

first_img 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr With $2.5 billion in assets and more than 200,000 members, Raleigh, N.C.-based Coastal Federal Credit Union is the state’s second largest credit union. Like many other financial institutions, Coastal’s management team recently decided that changes in its branch structure were imperative for its future success.According to Willard Ross, senior vice president and chief retail officer for Coastal, “We had a solid foundation for delivering services, great products and sizeable market share. But our expenses were too high, and our sales were too low for products such as loans and new accounts.”To boost revenue, streamline operations and better serve members, Coastal set out to transform its branches with a comprehensive five-year plan designed to increase automation, elevate employees into higher-level sales and service roles, and bring innovative new products into the portfolio.“As a credit union, our members are both customers and stockholders,” said Ross. “So we developed a strategy to serve them on many levels.” continue reading »last_img read more

Time for a strategic planning makeover?

first_img 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: Glenn ChristensenAll industries face changes that require a strategic planning makeover, and the credit union industry isn’t much different.New market developments, client needs, along with various regulations, are most likely challenging you to find brand new sources of future non-interest income so that you can grow. Although it can be tough to grow and remain viable in volatile environments, changes are also known to bring opportunities with them, and it is up to your leadership to run a thorough analysis to realign the organizational mission and big picture strategy with various tools available to you.Although we understand that information is never complete, there are more tools available to strategic planning than you had in the past. Due to the uncertainty and changes in the environment strategic planning makeovers will occur more frequently continue reading »last_img read more

Amid Clinton’s Historic Run, It’s Sanders’ Message That’s Resonating With LI Women

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York [dropcap]E[/dropcap]xactly one week after Hillary Clinton’s drubbing in the New Hampshire primary, a group of about 15 women gathered in the Pace Landing section of West Islip for yet another examination of the tumultuous campaign for the Democratic presidential ticket.But those who assembled on this Tuesday night aren’t the type of people you might expect to find in the living room of such a tony neighborhood, considering the generation gap between some of them. It’s not age, economic status or familial ties that brought this group together. Instead, it’s their political ideology that united them in common belief and action. Although the majority of them were left-leaning women, they were not there to discuss the virtues of the female Democratic presidential contender who could make history as the first woman elected to the White House. These were Sen. Bernie Sanders (I-VT) supporters.Their gathering came a week after Sanders, a self-proclaimed “Democratic socialist,” routed Clinton in New Hampshire and battled to a near-tie in Iowa. With Sanders rising in the polls nationally and in states like Nevada, where no one ever imagined Clinton would be in a nail-biter, the potential that Sanders could actually walk away with the nomination has emboldened his already rambunctious supporters.“Bernie talks about everything that has either happened to me in my life or has come out of my mouth at some point,” 34-year-old Melissa Peters, an active member of the Facebook group “Long Islanders for Bernie Sanders,” told the circle. “From being poor, which I’ve been, from education–student loans have killed me, just wanting the best for my children, watching the opiate problem in our neighborhood and having it personally affect me in my life–literally, everything he says hits me or somebody in my life.”Like many of Sanders’ backers, Peters believes the Vermont Senator speaks to her personal experiences in a way no other politician before him ever has. That’s why she is actively campaigning for him, keeping her car well-stocked with bumper stickers and campaign buttons. Her children, ranging from 6 months to 6 years old, are well-known on the Long Island campaign trail, knocking on doors and singing Sanders’ praises.The discussion centered around the issues central to their beliefs: opposition to the Trans-Pacific Partnership, support for a single-payer healthcare system, and rebellion against the establishment and politics as usual. Gatherings like these have been popping up all over the country as grassroots support of Sanders has usurped what had once seemed like a surefire nomination for Hillary Clinton. Indeed, exit polls taken at polling sites during this month’s New Hampshire captured what, at the surface, appears to be shockingly high support for Sanders among women, a coveted voting bloc that overwhelmingly favored Sanders by a margin of 55 to 40 percent in New Hampshire.More than a dozen women gather in West Islip to discuss the Democratic primary for president. They were all Bernie Sanders supporters.It probably didn’t help Clinton’s efforts that feminist leaders Gloria Steinem and Madeleine Albright recently chastised younger women for what they perceived as their dereliction of duty to support her campaign to be the first woman elected president.On Feb. 5, feminist icon Gloria Steinem suggested on Bill Maher’s HBO program that women have been coming out in droves for Sanders not because of their appreciation for the candidate, but out of a primal attraction to men.“When you’re young, you’re thinking: ‘Where are the boys? The boys are with Bernie,’” she told Maher. (She later released on apology on her Facebook page.)Two days later, it was Albright, another former Secretary of State, who got into the mix while stumping for Clinton in New Hampshire.“We can tell our story of how we climbed the ladder, and a lot of you younger women think it’s done,” Albright, 78, said. “It’s not done. There’s a special place in hell for women who don’t help each other!”A laughing Clinton applauded Albright’s biting critique, which many Sanders supporters perceived as flippant.“A special place in hell?” Peters wrote on her Facebook page with a link to Albright’s comments. “Albright and Steinem must think they can insult women into voting for their girl…That itself is insulting to any feminist.”The women who gathered on Tuesday said that Sanders’ message simply resonates more with them than Clinton’s.Their collective enthusiasm stemmed from discovering pockets of like-minded people on an Island that seemingly runs a deep red. The recognition of their commonality has been fostered on social media and cemented through organizing and participating in Bernie-centric events, such as the upcoming march for Bernie in New York City on Feb. 27. Their passion was reminiscent of the groundswell of grassroots support that propelled then-Sen. Barack Obama to the White House in 2008. Yet, they were disappointed by what they perceived as Obama’s abandonment of the progressive agenda once he was elected.Wendy Hoder is a 57-year-old activist and former Democratic committee person who was practically raised from birth to be politically active by her libertarian father, who used to take her as a child to protest such initiatives as the Stony Brook sewage treatment plant, which was polluting Port Jefferson Harbor. Disillusioned with the crop of Democratic candidates, Hoder had decided to sit out the current election—before Sanders threw his hat in the ring. Then everything changed.“When I heard he was running, I was like, ‘Viva la Revolution!’” she said to the laughter of the Bernie-enthusiasts surrounding her.Revolution, however, was something close to the heart of Sandra Garay Avila, whose family fled El Salvador following a bloody civil war. She has seen firsthand the political upheaval that comes from a vast disparity in the distribution of wealth.“It was something like 14 families owned 60 percent of the land,” said Avila. “I always compare it to this country. I see everything that’s going on around here. I look around and say this country’s not headed in the right direction.”Sanders’ message of combatting income inequality speaks to the heart of Avila’s fear in a way that Clinton–or any Republican–does not.“It’s going to be interesting to see what the future of the Democratic Party will look like if Bernie gets the nomination,” said Terry Kalb, a retired teacher from Wading River, referring to Long Island’s Democratic Party, which unequivocally supports Hillary Clinton.“There are plenty of people hurting on Long Island,” Kalb continued. “There are plenty of people barely clinging to an existence on Long Island. It’s not just the Gold Coast Democratic Party. So the same kind of revolution that has to happen in Washington is going to have to happen in our smaller communities and in the party system in New York.”They believe Sanders is just the candidate to reshuffle the political deck as we know it.(Featured photo credit: Bernie Sanders presidential campaign)last_img read more

A direct flight between Croatia and Japan soon?

first_imgRELATED NEWS: “The strategic goal of the Ministry is to develop Croatia as a destination that is accessible to various airlines, especially before and after the peak of the summer season. That is why we are turning to the Asian market, primarily Korea, Japan and China, where we are concentrating on many of our efforts ”Point out the Ministry of Tourism, which is stated in the report. Croatia and Japan are continuing talks on the introduction of a regular airline between the two countries, the portal reports exyuaviation.com The number of Japanese tourists visiting Croatia is constantly growing. Thus, last year a total of 159.574 tourists from Japan were recorded, which is an increase of 12,3% compared to 2017. Most of them remained in Dubrovnik, followed by Zagreb, Plitvice Lakes, Split and Opatija. THE ONLY ISLAND JAPANESE RESTAURANT IN CROATIA OPENED ON LOŠINJ Currently, Japan’s largest airline, All Nippon Airways (ANA), operates summer charters from several cities to Dubrovnik. Also, Japan Airlines (JAL) is considering a service base in Eastern Europe through its recently established long-term low-cost airline Zipair, which could prove Croatia’s position as an optimal location. Negotiations are underway on the adoption of the Air Transport Agreement, which is a precondition for the establishment of non-stop flights, and the first round of negotiations was held last November in Tokyo. The Japanese Ministry of Foreign Affairs pointed out that the talks are continuing and that a certain framework has been reached until the conclusion of the Air Transport Agreement between the two countries. last_img read more

In drastic step, Italy bishops cancel weekday Masses in coronavirus areas

first_imgItaly’s bishops on Thursday ordered that Masses not be held during the week in churches in areas of the north of the country affected by the coronavirus outbreak, a step believed to be unprecedented.It was believed to be the first time such a draconian step had been taken in Italy, the European country worst hit so far by the coronavirus outbreak. Masses were not even cancelled when the plague struck Milan in the 17th century.A statement from the bishops conference said Masses would not be held from Monday to Saturday in churches in the Lombardy, Veneto and Emilia Romagna region as well as in the provinces of Savona in the Liguria region and Pesaro and Urbino in the Marche region. The statement did not mention Masses on Sunday, when according to Church teaching Catholics are obliged to attend Mass unless they are ill.The move comes during the season of Lent, where more Catholics go to weekday Mass than at other times during the year.The Italian government has ordered the closure of cinemas and theatres and has told Italians not to shake hands or hug each other. Schools and universities have been closed until March 15.The death toll from coronavirus in Italy stood at 107 on Wednesday while the accumulative number of cases totaled almost 3,090.Several conferences that were to have taken place in the next few months with the participation of Pope Francis have been postponed.The Vatican has said the 83-year-old pope, who cancelled a Lent retreat for the first time in his papacy, is currently suffering from a cold that is “without symptoms related to other pathologies”.Topics :last_img read more

‘We don’t want people to panic’: Jokowi says on lack of transparency about COVID cases

first_imgPresident Joko “Jokowi” Widodo has admitted that he was deliberately holding back some information on COVID-19 cases to prevent the public from panicking. “Indeed, we did not deliver certain information to the public because we did not want to stir panic. We have worked hard to overcome this, since the novel coronavirus outbreak can happen regardless of the country border,” Jokowi said on Friday.He assured the public that his administration had tried its best to overcome the pandemic through several measures. He also told the public to remain calm and vigilant. Read also: COVID-19: Mr. President, you need professional help“We will inform the public eventually. However, we have to think of the possibility that the public will react to it by panicking or worrying, as well as the effect on the recovered patients. Every country has different policies,” Jokowi said, adding that he would inform the public whenever a new cluster appeared. The government’s spokesperson for COVID-19 Achmad Yurianto announced that the number of confirmed cases had risen to 69 on Friday. As of now, four patients have died due to the disease, while five patients have recovered. (dpk)Topics :last_img read more

PREMIUMSurakarta administration battles to keep beloved cultural site public

first_imgGoogle Forgot Password ? Linkedin Log in with your social account Topics : The administration of Surakarta in Central Java has vowed to keep the Sriwedari Park complex, one of the city’s most beloved historical sites, open to the public amid a messy legal battle over land rights.Surakarta Mayor FX Hadi “Rudy” Rudyatmo vowed to keep fighting to keep Sriwedari a public space, as he has reason to believe it won’t be spared once it falls into private hands.The Surakarta District Court moved to conclude a drawn-out land ownership dispute over the Sriwedari complex by ordering the restoration of rights to the descendants of the heir, RMT Wirjodiningrat, based on a 2016 Supreme Court ruling. The court ordered to seize and vacate the land on Feb. 21, reigniting a dispute that has persisted since 1970.Rudy’s administration will be working with the prosecutor’s office as the city’s legal counsel to persuade the legal … LOG INDon’t have an account? Register here Facebook surakarta heritage-sites land-dispute Sriwedari-Parklast_img read more

Japan’s Pension Investment Fund expected to ramp up equity exposure

first_imgJapan’s Government Pension Investment Fund (GPIF), the world’s biggest retirement fund, is thinking to increase its allocation to domestic equities to approximately 30%, according to Nikko Asset Management.Hiroki Tsujimura, the company’s CIO in Japan, said many professionals within the fund had been discussing the ideal allocation for the asset class, and that the 30% figure “had been talked about”.The $1.2trn (€872bn) fund currently has a 21% allocation to domestic equities.“It is expected that GPIF should probably raise its allocation to domestic equities by approximately 5-10%,” Tsujimura said. Nikko Asset Management was one of eight fund managers selected by the fund last year to manage its foreign equity portfolio using MSCI Kokusai as benchmark.It was also named last month as one of 11 traditional active managers.GPIF is awaiting the outcome of a five-year Health Ministry review of public pension finances.Finance minister Taro Aso said last month changes to the Health Ministry’s plan for the GPIF would be discussed in June, when the government is expected to present another set of measures to boost growth.Investors are expecting the government to announce details of asset allocation targets and new investment approaches.The Health Ministry, which oversees the fund, has made key appointments to the fund, added new managers and styles, following recommendations from a state panel led by prime minister Shinzo Abe.A 10% increase will equate to the amount of Japanese equities purchased by foreign investors during the whole of last year, according to Tsujimura.The fund has a 55% allocation to domestic bonds, or Japanese Government Bonds (JGBs).The 10-year rate for JGBs is about 0.6%.GPIF is widely expected to allocate more of its funds to riskier assets including equity, infrastructure and private equity as pension obligations swell in the world’s oldest population.In February, the fund agreed with Canada’s Ontario Municipal Employees Retirement System and the Development Bank of Japan to invest in infrastructure projects through an investment trust fund.Since taking power in December 2012, Abe has pressed the GPIF to overhaul its portfolio, putting more money into domestic stocks and other riskier instruments to support his efforts to pull Japan out of more than a decade of deflation.“We now expect stock prices to appreciate and undervalued stocks to gradually disappear as the revival of Japan’s economy gather momentum,” Tsujimura said.last_img read more

Montserrat deputy commissioner of police resigns

first_img Share Tweet NewsRegional Montserrat deputy commissioner of police resigns by: – March 1, 2012 Share Sharing is caring!center_img Share 119 Views   no discussions BRADES, Montserrat (GIU) — The governor of Montserrat, Adrian Davis, has confirmed that Deputy Commissioner of Police Paul Morris has resigned from the Royal Montserrat Police Service.Deputy Commissioner Paul Morris (left). Photo credit: gov.msDavis said Morris gave no grounds for his resignation. He said, however, that Morris was entitled to make such a decision under the terms of his contract.When asked to comment further, Davis says he is considering all aspects of the administration of the Royal Montserrat Police Service in light of the findings of a report on police misconduct within the police service. Davis said that the details of the report prepared by police officers from the Cayman Islands and Bermuda are being reviewed by the Director of Public Prosecution Kathy-Ann Pyke.Morris, who was appointed deputy commissioner of police in 2008, was given the responsibility during his tenure for the overall administration of the RMPS to include training, development and budget. He previously served a four-year stint as superintendent of police from 2000-2004.His resignation comes on the heels of RMPS officer, Sergeant Ottley Laborde being charged with assault occasioning actual bodily harm, wounding, disorderly conduct, and threatening language, stemming from a December 2011 incident.The former commissioner led the investigation into the police brutality case and worked with the visiting police officers to complete the final report.by Nerissa GoldenCaribbean News Nowlast_img read more