Rosie LoVoi | The Observer Bart W. Edes, the Asian Development Bank’s representative in North America, addresses challenges and advancements that affect developing Asian countries. He lectured in Jenkins Nanovic Hall on Monday to promote an awareness of the Asian Development Bank’s mission, which involves reducing poverty.The ADB, Edes said, does not work the same way many other banks do. “We’re a bit of a mix between a commercial bank and a program like the United Nations Development Program,” Edes said. “Our overarching mission is not to make money and give the dividends to our shareholders but to fight poverty and promote inclusive, sustainable development in developing nations.” To this end, he said the ADB is involved in financing development all across Asia in a variety of ways, from reforming education in Nepal to implementing clean energy initiatives in the Philippines to building railways in Bangladesh to constructing infrastructure for safe water in Uzbekistan. While most of what the ADB does has to do with funding projects, its employees also conduct research on economic trends of development in Asian countries over recent years. “In the latest estimates for 2018 for developing Asia — so not including countries such as Japan — we’re looking at about a 6.3 percent increase in gross domestic product,” Edes said.Meanwhile, the United States achieved 2.4 percent growth over the same period, Edes said. The Asian economic sector appears to be one of the most quickly growing and developing that there is, Edes said.“Asian countries are working in ever more integrated and cooperative ways,” he said. When it comes to tourism, for instance, 60 percent of Chinese travelers stay inside the region, which is incredibly important to small Asian countries with large tourism industries, Edes said. The Maldives, for example, attribute 83 percent of its gross domestic product to the tourism industry, he said. While the region is experiencing rapid economic growth and development in some areas, it is still also facing a number of challenges such as poverty, climate change — which can exacerbate monsoons, storms, mudslides and other natural phenomena common to the region — and an aging population. “Asia is among the most vulnerable areas of the world when it comes to climate change,” Edes said. “This could lead to a real humanitarian crisis. We are responding in part by doubling down on our investments on climate change mitigation.” Edes said the ADB is currently committed to putting six billion dollars into countering climate change by 2020. With longevity going up and fertility rates going down across the board in Asia, the aging population may soon create a problem in some Asian countries. Edes said. A similar trend is occurring in other countries across Asia, which could lead to economic trouble as a diminishing workforce has to work increasingly hard for a growing body of dependent citizens. “By 2030, we will have almost 30 percent of Japan’s population at an age of 65 or older,” he said. Tags: ADB, Asian Development Bank, Bart W. Edes, development, Jenkins Nanovic Hall The North American representative for the Asian Development Bank (ADB) — an institution seeking to reduce poverty in Asia and the Pacific — Bart W. Edes, spoke in Jenkins Nanovic Hall on Monday about his experience working for the ADB for the past 16 years and the lessons he has learned about economic growth, development and challenges facing some developing Asian countries.
August 15, 2003 Daniel Staesser Assistant Editor Regular News Foundation finds success with summer fellows program Foundation finds success with summer fellows program Assistant EditorSometimes a foundation gives us a feeling of security — that though the harsh winds of life may blow against us from all sides, we will somehow weather the storm, because we know we are being held fast. For some of Florida’s neediest, the poor, the elderly, children, and victims of domestic violence and discrimination, that foundation is being laid.In cooperation with Florida law schools, The Florida Bar Foundation has sponsored the 2003 Summer Fellowships Program at legal aid and legal services programs throughout Florida. With funding provided through the IOTA program and the Florida Lawyers Legal Insurance Corporation, the fellowships, granted to first- and second-year law students, has four main purposes:• Involve the fellowship recipients in high quality civil legal assistance to those in need.• Provide educational experience in representing those in need and in working with individual clients and client groups.• Increase student interest in and awareness of the legal problems of the needy and the challenges and satisfactions of representing them.• Promote pro bono representation of those in need.According to the Foundation’s Camille Stawicki, organizer of the summer fellowships, the program has seen considerable success.“We get the law students accustomed to what they would be doing [as legal aid lawyers],” Stawicki said. “For those fellows who will not become legal aid lawyers, this experience, hopefully, will encourage them to volunteer as pro bono attorneys.”Of the 146 applications received for the fellowships only 23 were offered, of which 21 were filled, including a Florida resident attending an out-of-state school. Sylvia Simmons, of Florida State University, is the recipient of the Terry Russell Fellowship funded by Florida’s legal service program’s Project Directors Association, and served at Florida Legal Services in Tallahassee; Luis Maldonado, of the University of Florida, served his fellowship at Withlacoochee Area Legal Services; and Laura Sterling, of Florida A&M, fellowed at the Legal Aid Society of the Orange County Bar Association.A returning fellow, Simmons said she loves the structure of the program and what it allows her to be involved with.“You sit in a law library and read up on it, but you don’t really talk to the people whom the law affects,” Simmons said. “But this program gives you that opportunity.”Simmons said she spent time researching, volunteering, and on the “hotline” answering calls from victims of domestic violence and similar circumstances.“Sometimes they just want somebody to talk to; somebody who will listen,” Simmons said. “Sometimes the only reason a victim stays in those dire circumstances and puts up with the violence is because they need the money to raise their children.”With a passion for assisting victims of domestic violence, Simmons also said that the fellowships really come together at “an intersection of social work and the law.”“I’m really touched by the cases that involve child abuse,” she said. “It used to be more of a private issue, and now it’s coming more to the public’s attention.”Though growing up in a very supportive environment, Simmons said she had seen so much violence around her throughout her childhood.“I am very close with my family,” said Simmons. “I know how important that structure is, and when you have someone shake up that structure it is very detrimental to its foundation.”Maldonado agreed, having also grown up around similar societal issues. From LaBelle, Maldonado said, “It hits close to home. I essentially have been helped throughout my life, so I feel it is a responsibility to help.”Taking that responsibility very seriously, Maldonado assisted with community outreach education programs, wrote appellate briefs, interviewed clients, and served as an interpreter in court and administrative proceedings during his fellowship.“It was nice putting skills I learned in law school to actual use,” said Maldonado, who said he did everything from translating advertisements to facilitating health screenings.Maldonado said the fellowship was definitely a learning experience and that “working with legal services serves as a reality check – and our issues become menial when compared to worrying whether or not you are going to have a home.”“I’m not helping someone who hurt their back lifting a box win a $10-million suit; I’m helping someone stay in their apartment and have a roof over their head,” said Sterling, who already has a master’s degree in social work, but felt she could do much more as an attorney.Sterling said she tripped into the legal aid arena in college, when she took a class called “Death and Dying.” She volunteered in a nursing home, applying what she learned in class.“Learning and applying the law are two different things,” said Sterling, who praised the Foundation’s program, saying that it gave students a chance to see things first-hand and realize into what area of law they want to go.Students who are selected for fellowships must be in good standing with their law schools, and are selected on the basis of their experience working in low-income communities, academic achievement, writing skills, and previous contact with and long-term commitment to public service and pro bono work.First-year student recipients are allotted $4,000 and second-year students receive $5,000 for the 11-week fellowships. Whether students receive academic credit for the fellowship is up to their law schools and may affect the amount of the stipend. Each fellowship recipient must attend a two-day training seminar before they start work.Fellowship applications are available after November 1 at Florida law schools or from The Florida Bar Foundation’s Web site at www.flabarfndn.org. For more information about the summer fellows program contact Camille Stawicki at (407) 843-0045, or at [email protected]
Hanuma Vihari smashed his maiden Test century.Ishant Sharma also scored his first Test fifty.Ishant and Vihari shared a 112-run stand for the eighth wicket. New Delhi: West Indies bowlers were looking to capitalise with the second new ball on day 2 of the Sabina Park Test. Jason Holder gave them a good start by dismissing Rishabh Pant for 27 but Hanuma Vihari found magnificent support from Ishant Sharma and the duo stitched a 112-run stand for the eighth wicket. Ishant scored his maiden fifty in his 126th Test innings while Vihari finally scored his maiden century. Speaking after the match, Vihari said the credit for his maiden ton should go to Ishant who batted with confidence. “Happy that I got a century and credit should go to Ishant. He looked more like a batsman today than me. The way he was going, we kept discussing what the bowler was doing and his experience really helped. My dad passed away when I was 12 so ever since, I have decided that when I play international cricket I want to dedicate my first hundred to him. When I was batting overnight on 42, I did not sleep really well as my thoughts were obviously running on how to get a big score today. I’m really happy that I could get my first hundred, especially on those conditions. It gives me a lot of satisfaction,” Vihari said.The right-hander had said that although India scored 416, the scoreboard did not reflect how well West Indies bowled. “I was batting at 84 during lunchtime, then it took me hard to get to the nineties. We have to give credit to the bowlers as well. Even though we scored 416 runs that do not show the way they bowled,” Vihari said.Also Read | Jason Holder Breaks THIS Massive Record Of Sir Gary Sobers To Script History For West IndiesVihari and Ishant’s partnership helped India cross 400 and Jasprit Bumrah used the pitch to good effect to take 6/16 in nine overs of brilliant fast bowling. The haul also included a hat-trick which made Bumrah the third Indian bowler after Harbhajan Singh and Irfan Pathan to achieve the feat. Vihari heaped praise on Bumrah’s splendid effort.Also Read | Jasprit Bumrah will be indebted to Virat Kohli for the hat-trick: Harbhajan Singh”We bowled brilliantly, to be honest. The way Bumrah and all the other bowlers bowled, we stuck to our guns. We don’t know what the game plan is. So, the first thing will be to get them out as soon as possible. Then the management will decide whether we bat or bowl,” Vihari said. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. highlights
UPDATED on Nov. 10, 2015Officials in Boulder County, Colorado, are bringing more new houses into the net-zero energy fold.Beginning on January 1, houses of 5,000 square feet or more will be included in the county’s BuildSmart program. Originally put in place in 2008, the program is part of a broad initiative designed to reduce greenhouse gas emissions, and already requires new dwellings of 6,000 square feet and larger to meet the net-zero requirement.The rule applies only to houses in unincorporated parts of the county, not to incorporated municipalities such as Boulder and Longmont.Ron Flax, the building sustainability examiner for the county, told GBA that in 2013, 2014, and the first half of 2015, there were 94 new homes built in the unincorporated part of the country, 36 of which were 5,000 square feet or larger and about a dozen of them with a HERS rating of zero or lower. The goal of land-use planning has been to push more residential construction to incorporated towns and cities, most of which have their own building departments. “It’s tough to guess what the future holds,” he said.Flax said by email that when the BuildSmart program began, all homes of 8,000 square feet or more were required to have a HERS score of zero (or below). Later, the threshold was lowered to 6,000 square feet.In this latest revision, commissioners had considered extending the requirement to houses of 4,000 square feet or more, but in the end settled on the 5,000-square-foot threshold.The county’s ultimate goal is to have all new homes be capable of producing as much energy as they consume on an annual basis by 2022. The requirement would not apply to existing houses or those being remodeled. Higher construction costs predictedThe average new home in Boulder County is about 4,000 square feet, with construction costs of roughly $200 per square foot. Without offering a breakdown, the Daily Camera said that adding renewables with enough capacity to power an average house would add about 15% to construction costs, or $120,000.The 15% estimate comes from local architects and builders and is the “generally accepted cost associated with net-zero builds,” the article said.Not so, Flax said.Net-zero energy homes can be built for market or near market prices and don’t require a premium approaching 15%, he said. But conventional designs with lots of glazing might indeed require very large renewable systems to meet the net-zero requirement.“We have put considerable efforts into understanding the cost implications of our regulations,” he said in an email. “What we have found is that when building large custom homes there is no simple relationship between construction costs and energy efficiency. It is important to know that we have almost no production home activity in Boulder County.“When people are building custom homes, if they are properly incorporating energy efficiency in their initial designs then the added cost for a HERS of zero is manageable,” he continued. “If the design team is ignoring energy efficiency and then trying to figure out how to hit a HERS zero after the major decision are already made, the costs can indeed become significant.”Flax added that the county is addressing energy conservation in other ways, including required offsets for big energy users like heated swimming pools, snow-melt systems, and hot tubs, and efforts to help the many cannabis growers in the area to adopt more efficient production methods.County Commissioner Elise Jones told the Longmont Times-Call it makes sense to apply the net-zero energy rule to larger homes because they’re bigger-than-average energy consumers. Commissioners believe that holding off on applying the standard to houses of 4,000 square feet or more represented a “balanced approach to creating homes that have minimal impact on the environment,” the report said.The Daily Camera said that Boulder County “may be the only government in the U.S.” to legally require all new homes meet the net-zero energy standard by 2022.“Nationally, there are communities and states with net zero goals,” Jim Meyers of the Southwest Energy Efficiency Project told the paper. “But the plans do not specify to the level of detail that Boulder County has specified.” This post was updated to correct the year in which the BuildSmart program began, and to add comments by Ron Flax about the added costs of building net-zero houses
Leveraging Big Data that Data Websites Should T… Frank Landman In today’s world, it’s common for businesses to gather as much data on their customers as possible. Big data and related analyses have the potential to help companies develop new, better products for their customers and provide more unique experiences for those customers. And for financial institutions, those data are even more precious, since they have the power to tell them whether or not a person is trustworthy—i.e., whether they’re worthy of receiving a loan or a line of credit.For credit card companies especially, it’s important to keep track of customers’ and potential customers’ buying habits. And maybe their credit scores. And maybe even their relationships.So just what information does your credit card company have on you, and why is it so important?Why Credit Card Companies CareLet’s start by looking into why credit card companies care so much about you and your habits in the first place. Credit card companies have several goals, including attracting more customers, ensuring they can balance their own risks by lending credit at appropriate rates and with appropriate terms, and keeping valuable customers for as long as possible.For that, they need data to consider:Trustworthiness. When getting approved for a credit card, a credit card company needs to know how trustworthy you are. If you have a long history of making payments, and you always make your payments on time, they’re going to be more likely to grant you access to a new card, and they might toss you a better annual rate or a higher credit limit while you’re at it. “Trustworthiness” can come in many different forms, however, so your credit card company needs to know how you’ve historically performed in a number of different categories.Value. Credit card companies, like all businesses, are incentivized by profitability. They need to know which of their customers are most valuable, and which ones are less so. Valuable customers are ones who are both trustworthy and willing to use their card regularly, and credit cards will do whatever it takes to keep them happy.Preferences. It’s also important to learn about customer preferences, including which stores they shop at and how they like to spend money or collect rewards. This is crucial for designing new products and services for customers, and can help them win over new audiences.Patterns. Credit card companies also like to observe the patterns their customers participate in, and study when those patterns diverge. It helps them not only better understand their target demographics, but also helps them identify when something isn’t right—like when a credit card has been stolen or is being used inappropriately.Now, let’s turn our attention to some of the data your credit card companies can gather on you to accomplish these goals.Your Credit ScoreThis one should be obvious. One of the first things a new credit card company will check on a new credit card applicant is their credit score. This score, calculated and kept by the three major credit bureaus, is a relative measure of a person’s financial history and trustworthiness. It’s the sum total of your actions and habits in each of several categories, including how consistently you’ve made payments (on anything—not just credit cards), how much debt you’re using, and how long your oldest account has been open.Payment History and ReliabilityCredit card companies also care a lot about how you’re paying their bills, and how you’ve acted in the past. If you’ve historically always made the minimum payment, but keep a moderate balance on your credit cards, you’re practically the ideal customer; you’re paying off your debt consistently, but you’re always accumulating more interest, increasing the company’s profitability. This makes them incentivized to keep you, and may give you more negotiating power if you want to get a better rate. If you miss too many payments, don’t expect much sympathy or extra perks.Income and Debt RatiosYour income and debt ratios are also likely known by your credit card company. You may need to report your income when applying for a credit card, and they can use a credit check to see how much standing debt you have. From there, they can calculate all kinds of statistics, including your debt to income ratios, how much debt you’re utilizing, and other considering factors for whether or not to lend credit to you.Daily, Weekly, and Monthly HabitsYour credit card provider is also likely paying attention to your daily, weekly, and monthly habits. For example, it probably knows about your weekly trips to the grocery store and that you regularly go to the gym. These data are important for two big reasons. First, it gives them the chance to market specific products to you, such as coupons for your most commonly-frequented sporting goods store, or new credit card rewards that allow you to shop at your favorite places. Second, it lets them know something’s off if those patterns are broken.Vacation PatternsThey also keep track of how you take vacations—natural and recurring deviations from your spending patterns. For example, if you take a trip at the beginning of each June for a decade, it won’t raise any red flags when your credit card is being used across the country on June 3rd one year.Your Personal ResponsibilitySome credit card companies may also take note of the purchases you make related to your home, and living a responsible lifestyle. For example, if you make frequent trips to the home improvement store and invest in things like carbon monoxide detectors and fire extinguishers, it shows that you’re a responsible homeowner—and an enlightened consumer. These purchases may increase your perceived trustworthiness as well as your reliability as a consumer.Your LocationThis piece is a bit trickier. Most credit cards don’t have a built-in feature that allows them to track your location, but if you’re using the credit card company’s signature app, you may be giving them more data than you realize. Merely having the app installed (with permissions granted) may be enough for your credit card company to track your travel and commute habits on a regular basis, which they can use to give you smarter, more personalized rewards.How You CommunicateChatbots haven’t completely taken over customer service (at least not yet), but your credit card company can still gather information about how you’ve spoken to customer service representatives in the past. When talking to another person, they usually have the ability to jot down notes about how you’re speaking—so if you start yelling and using profanities, they can take note for future interactions. Accordingly, it pays to be as kind and polite as possible; not only is it more respectful to the person at the other end, it will probably make you seem like a better overall customer, and get you better service when you need to make a change or request.The combination of big data and AI means that credit card companies have access to more data than ever before—and they’re using those data to their advantage. While at first you might be somewhat creeped out that your credit card company is following you so closely, there are actually many practical benefits for you as a consumer. For starters, you’ll have access to better financial products and more appropriate access to credit. You’ll get perks better-suited to your lifestyle and interest rates that reflect your previous habits. On top of that, when there’s a strong deviation in your typical habits, your credit card company will know—and they may be able to take action, like suspending credit card activity if it looks like your card was stolen.In any case, it pays to be aware of how you’re being tracked (and why you’re being tracked). The more knowledgeable you are about the modern world of consumer data, the better you can protect yourself—and the more you can tip the odds of financial success in your favor. How Data Analytics Can Save Lives What it Takes to Build a Highly Secure FinTech … AI: How it’s Impacting Surveillance Data Storage Related Posts Frank is a freelance journalist who has worked in various editorial capacities for over 10 years. He covers trends in technology as they relate to business.
An Ahmedabad-based company’s assets worth over ₹56 crore have been attached in connection with a bank fraud and money laundering case, the Enforcement Directorate (ED) said on Saturday. The agency issued a provisional order for attachment of 37 immovable properties of Sai Infosystems I (SIS) Ltd and others under the Prevention of Money Laundering Act (PMLA).“The attached assets include plots and a farm house, various commercial and residential properties in Gujarat and adjoining areas owned by SIS, Atrium Infocomm Pvt Ltd and Sujyot Infrastructure Pvt Ltd (group companies of SIS) and others,” the ED said in a statement.The total value of the freezed assets is ₹56.21 crore.Investigation revealed that SIS and its CMD Surendra Kumar Kakkad availed credit facilities and loans from a consortium of banks led by the State Bank of India on the basis of false and fabricated documents, the agency alleged. “SIS diverted the said loan proceeds for purposes other than specified in the loan application and acquired various immovable assets in the name of its group companies and relatives and thereby, caused financial loss to the tune of about ₹867 crore to the consortium of banks as the outstanding loan amount became non-performing asset,” the ED said. Mr. Kakkad had incorporated various shell companies and these firms were used for layering of money and for purchase of various immovable properties, the agency alleged. He and an other director of the company, Rajeev Gupta, have been arrested by the ED in this case. The agency filed a criminal case of money laundering against him last year after going through a 2015 FIR of the CBI in connection with an alleged bank loan fraud case.
Noting that the programme is working, he urged citizens to continue to provide information to the police. He said there should be “no space left in communities for criminals to operate”. Minister of National Security, Hon. Robert Montague, is reporting that 21 of the island’s most wanted persons have been apprehended under the Fugitive Apprehension Programme since July 2017. Minister of National Security, Hon. Robert Montague, is reporting that 21 of the island’s most wanted persons have been apprehended under the Fugitive Apprehension Programme since July 2017.The programme provides a reward of $1 million to individuals who supply information that leads to the capture of wanted persons.Noting that the programme is working, he urged citizens to continue to provide information to the police. He said there should be “no space left in communities for criminals to operate”.Minister Montague was speaking at the opening of the Green Acres police post in St. Catherine on Thursday (March 15). The facility is located in the Green Acres Commercial Car Park.Health Minister and Member of Parliament for West Central St. Catherine, where Green Acres is located, Dr. the Hon. Christopher Tufton, said the facility fills an important gap that exists in the area.He told the gathering that the design plan for a new 20-man station is advanced and is before the St. Catherine Municipal Corporation.He argued that the station is necessary, given the expansion in population in the area and further development that is slated for the community.Dr. Tufton pledged to provide resources from his Constituency Development Fund (CDF), among other means, to support the project.“We are going to make these parts safer against deviants; we have no place for that in this community,” he said.Earlier, head of the Police Area 5, Assistant Commissioner of Police (ACP) Derrick Knight, said the community has been experiencing stability in the last few months.He reported that there have been frequent police patrols and arrests of suspects. Minister Montague was speaking at the opening of the Green Acres police post in St. Catherine on Thursday (March 15). The facility is located in the Green Acres Commercial Car Park. Story Highlights
Facebook Twitter Google+LinkedInPinterestWhatsAppTurks and Caicos, June 27, 2017 – Providenciales – A new building will be bought to house the CCTV program, more police will be hired to man that CCTV system, government will work with churches on a plan to change the downward social spiral of some of the young men in our society who are opting for a life of crime and coming is a more serious approach to rehabilitation with employment options for former offenders.These were some of the main points coming from a late day media statement by Premier Sharlene Robinson, who was criticized by some for having not yet responded to the shooting, where an Alabama man was on Friday shot in the abdomen, in a suspected robbery while walking in Grace Bay near his resort. The Turks and Caicos is a low crime destination, and that is why this sort of incident has infuriated residents who are perplexed by the consistent threat these type of reports and incidents place upon the country’s bread and butter industry, tourism.The Premier had some thanks to go around too, including to Interhealth Canada who kept Newman alive, stabilized him in order for him to be medically evacuated. Premier Robinson called on those who have information in the case to reveal it to Police and said over the next few days, weeks and months her office in tandem with Ministry of Tourism will launch an aggressive positive campaign to counter the negative news which has gone out since the shooting of Newman on Friday.Diamond Public Relations and Social Media based in Miami and Los Angeles, Magnetic Media has found, has been hired by the TCI Tourist Board to assist with this positive messaging.#MagneticMediaNews#CCTVprogram#Premieroutlinesplantocurbcrime Related Items:#CCTVprogram, #magneticmedianews, #Premieroutlinesplantocurbcrime Facebook Twitter Google+LinkedInPinterestWhatsApp
Raymon Carter faces 20 years in prison if found guilty. (Photo/Baltimore Police Department)Raymon Carter, 24, was indicted by a Federal grand jury on July 22nd. He was charged with starting the fire at the CVS Pharmacy at the intersection of Penn and North in West Baltimore.The image of the burning CVS dominated the news coverage of riots following the death of Freddie Gray in police custody. Hundreds of business were devastated and the Small Business Administration estimates that there is at least $9 million worth of damage throughout the city. The cost to Baltimore in lost tourism revenues is projected to be even higher.Volunteers working to clean up the CVS at Penn and North after it burned during the riots. (Photo by Kamau High)“Federal law enforcement agencies are working closely with local police and prosecutors to investigate crimes committed during the Baltimore riots,” said U.S. Attorney Rod Rosenstein, in a statement.The CVS was looted and burned on April 27. In late May, federal agents released surveillance images of a suspect in the fire and announced $10,000 reward.Carter is facing up to 20 years in prison if found guilty.