by: Eugene KimIf you find it painful saving money, you’re not alone. A recent survey says 72% of Americans were stressed about money last month.In fact, according to the Federal Reserve, 60% of Americans between the ages of 18 to 40 saved absolutely nothing in 2013. Last year, adults under 35 had a savings rate of negative 2%.So why is this happening? Is it that hard to go to a bank and open an automatic savings or a CD account?“The bank experience has too much friction and inertia that people are just not saving,” Ethan Bloch, founder of the personal finance app Digit, tells Business Insider.Bloch created Digit, an app that automatically saves money from your checking account without your even having to think about it. He got $2.5 million in seed funding from Baseline Ventures, Google Ventures, and a handful of other firms last December, and the app opens to the public Thursday. continue reading » 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The first night of the CUES CEO/Executive Team Network affirmed my commitment to the credit union movement. The opening reception began with industry leaders receiving honors for Outstanding Chief Executive and the CUES Exceptional Leader. Seven leaders were also inducted into the CUES Hall of Fame. Witnessing these honors confirmed that leaders who excel in the industry are committed to member and community service. I also witnessed that credit union industry leaders are committed to continuing education.The CUES CEO Executive Team Network™ conference(CETNET) is an amazing event designed to promote higher learning and provide networking opportunities for credit union executives across the globe. This conference reinforced that successful leaders are continuously learning. Executives worked in groups, and individually, to address changes in the industry. They also shared their success stories, challenges, and visions for growing their institutions. Most importantly, they celebrated each other and expanded their networks to strengthen their knowledge and leadership skills.CUES partnered with DDJ Myers and several powerful, thought provoking speakers, to highlight their commitment to fostering outstanding leadership education. The partnerships formed by these organizations provided a platform for leaders to learn innovative things and access to the resources necessary to adapt institutions for the future of financial services. continue reading »
The most obvious reason a member—or non-member, if your credit union sells insurance through a credit union service organization—might go to a CU for insurance rather than an insurance company or some other provider is this: “They trust their credit union,” says CUES member Jim Sarver, SVP/member experience and financial life planning at $1.8 billion Lake Trust Credit Union, Brighton, Michigan.“I think most members trust their credit unions,” he adds. “So when we get products and services like this out in front of them, they listen to us.”An example of that theory put into practice is SELCO Community Credit Union’s Medicare product. “Medicare is really overwhelming,” says Nick Bloxham, VP/insurance services at the $1.6 billion CU based in Eugene, Oregon. “When you’re 64 1/2, your mailbox just gets chucked full of advertisements and letters. Most people don’t know what to do with that. They don’t know how to navigate all those options on their own. They want to talk with somebody about it—and that’s where we come in.”The credit union sends its members a card as their 65th birthday approaches that says, “Give us a call when you’re ready to start thinking about Medicare.” ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »
Vaccines are still coming. Treatments are still coming. But the current rapidly rising curve isn’t going to be slowed by promises that are still months away.And dammit, I was going to write more about the study showing that areas that watch Fox News have greater rates of both infection and death, about hot spots resulting from Halloween parties that didn’t practice safety, and about the possibility of a fresh wave of cases in the next week after people ignored guidelines on Election Day. But nope. This is it. We may be in the middle of the worst thing that’s happened in our lifetimes, but at the moment we’re also in a moment of incredible relief. Go celebrate. Over 30 states hit new records in the past two weeks as the nation matched to unprecedented highs. It’s not just that the new peak has exceeded past records. It’s also that it shows no sign of stopping. It’s that it’s still accelerating. This is a steeper exponential curve than at previous points in the pandemic, and it shows exactly what happens when everything has been “opened” to the point where a highly contagious disease meets very little resistance.New cases of COVID-19, based on data from COVID-19 Tracking ProjectIt’s not as bad as it could be. COVID-19 has an R0 number that is currently estimated to be around 2.5. The curve we’re witnessing at the moment doesn’t match the horror that would result if a disease with that level of transmission and with no native immunity were spreading completely unchecked. That doesn’t mean it’s not extremely bad, or that rapid, firm, nationwide restrictions are not needed to prevent hospitals in multiple states from exceeding capacity and driving fatality rates back to what was seen in the early days of the pandemic.- Advertisement – – Advertisement – Unfortunately, we’re not about to get that action from Donald Trump or his team still in the White House. What we are going to get from that team is blatant examples of what happens when you ignore a dangerous disease and sneer at the need to use safety measures. Case in point: Mark Meadows. Donald Trump’s chief of staff, who frequently clashed with reporters over his refusal to don a mask and laughed off concerns about the virus, was reported to have tested positive on Friday. Since the announcement about Meadows, four five more White House staffers have tested positive, along with a member of Trump’s campaign team. And on Saturday morning it was also announced that Rep. Matt Gaetz—previously seen prancing around the House floor in a World War II vintage gas masks to make fun of those with coronavirus concerns, also had COVID-19. Gaetz has since tried to correct this, saying that he has the antibodies, not the disease.And hey, I was right this many sentences old when AP and NBC finally got off their butts and called Pennsylvania for Joe Biden. Wheeh! Now, back to the disaster in progress.In January, the nation should finally see some relief as Joe Biden brings in a respect for science that is likely to include a nationwide mask mandate and social distancing guidelines backed up by some teeth—such as cutting off funds to states that don’t do their best to protect their citizens. But three months’ worth of unchecked spread between now and then would turn everything that’s happened so far into a footnote. Pressure has to be applied at both a state and federal level to get some relief. Now. Unfortunately, the best bet for seeing that relief is that governors are starting to hear those calls again from local hospitals whose ICUs are full and whose regular beds are filling. – Advertisement –
Thunberg, who lambasted world leaders at a U.N. climate summit last year for believing in “fairytales” of eternal economic growth, said that only fundamental change to the existing system would bring climate change under control.She cited a U.N. study published in November that suggested planned investments to boost fossil fuel production are likely to push temperature goals enshrined in the 2015 Paris Agreement out of reach.”So that means that if we are to stay below these targets, we have to make it possible to tear up and abandon valid contracts and deals. And that is not possible within today’s system,” Thunberg said.”So, yes, then obviously we need to think differently. And, yes, we need to think outside the box.” Swedish activist Greta Thunberg said on Thursday the world needed an economic overhaul to have a chance of beating climate change and that countries should be prepared to tear up old deals and contracts to meet green targets.The 17-year-old spoke to Reuters TV after she and other activists sent an open letter to European leaders urging them to take emergency action and saying people in power had practically “given up” on searching for a real solution.”We need to see it as, above all, an existential crisis. And as long as it’s not being treated as a crisis, we can have as many of these climate change negotiations and talks, conferences as possible. It won’t change a thing,” Thunberg said, speaking via video from her home in Stockholm. EcocideDemands in the letter, released before Friday’s European Council summit, included an immediate halt to all investments in fossil fuel exploration and extraction, in parallel with a rapid ending of fossil fuel subsidies.The letter also called for binding annual “carbon budgets” to limit how much greenhouse gas countries can emit to maximize the chances of capping the rise in average global temperatures at 1.5C, a goal enshrined in the 2015 Paris climate accord.It urged European governments to back calls for the Hague-based International Criminal Court to adopt a new crime of “ecocide” to prosecute people responsible for large-scale destruction of the natural world.Thunberg emerged as the face of a growing, youth-led climate movement after a solitary vigil she began holding outside the Swedish parliament in 2018 inspired children and teenagers around the world to stage school strikes on Friday afternoons.”In the beginning, I was very worried,” Thunberg said, describing the fears over climate change that motivated her to embrace activism. “But when I started doing something, then there came hope from that. Because hope comes from action.”With climate protests largely driven online by the coronavirus pandemic, Thunberg joined climate scientists, activists and celebrities including actor Leonardo DiCaprio and author Margaret Atwood in signing the letter that was posted on https://climateemergencyeu.org/.”The longer we keep pretending that we are on a reliable path to lower emissions and that the actions required to avoid a climate disaster are available within today’s system … the more precious time we will lose,” the letter read.It called for climate policies to be designed to protect workers and the most vulnerable and reduce economic, racial and gender inequalities, as well as moves to “safeguard and protect” democracy.Topics :
Clean energy specialists East Coast Oil and Gas Engineering (EC-OG) has completed a six-figure investment in its HALO subsea energy storage technology.The bulk of the investment, in CNC battery cell welding equipment and automated battery module test systems, will be used to simplify the manufacturing process of EC-OG’s proprietary subsea energy storage systems.The battery manufacturing plant has been installed at EC-OG’s research and development hub located on the Nevis Business Park, near it’s Bridge of Don base.In addition to supporting manufacturing of EC-OG’s HALO and Subsea Power Hub products, the new battery manufacturing facilities should allow EC-OG to rapid prototype new battery module designs, as well as create custom battery products. This creates a new service offering for EC-OG, building on the company’s existing in-house battery and subsea engineering expertise.Jonny Moroney, projects director, said: “Having the facilities to manufacture our battery systems in-house will allow us to maintain control of our supply chain and substantially reduce the overall build time of our HALO and Subsea Power Hub systems. Safety is critical, so automating the build and test process allows EC-OG to offer a higher quality product using fully repeatable manufacturing and test processes.”“Not only will this investment allow us to improve on the high-quality standards that our clients demand, it’ll open up new opportunities for the company,” added Paul Slorach, business development director.“Electrification of subsea systems and the use of renewable energy technologies will mean big changes to the offshore oil & gas industry in the coming years. The industry needs to embrace clean energy and we see a number of opportunities for batteries and alternative energy storage systems within subsea oil & gas production. EC-OG is committed to being at the forefront of the industries decarbonisation process.”
Slick roads may have contributed to a two-vehicle crash involving a Batesville school bus Friday.Authorities say a 17 year old juvenile was operating a 1998 Jeep Cherokee around 9:25 a.m. when he attempted to back out of private drive, however, police say the minor failed to yield and struck the bus as it drove by.The crash occurred on Evergreen Drive, near SR 229, south of Batesville.“The juvenile told the deputy as he applied the brakes to stop and he slid on the ice and snow covered driveway and out into the roadway,” said Ripley County Sheriff Tom Grills.A 14 year old passenger in the Jeep suffered a minor cut to his head, but was not transported to the hospital. He was released to a parent at the scene for treatment, Grills added.There were no injuries reported at the scene for passengers on the school bus driven by Rhonda McQueen, 53, of Laurel. According to Batesville Community School Corporation bus route information, Batesville School Bus #2 was the vehicle involved.The crash remains under investigation.Police remind commuters to use extra caution in the inclement weather as road conditions and driveways remain hazardous.
GREENSBURG – Indiana’s county jails are inspected annually by the Indiana Department of Corrections (IDOC) jail division. The most recent inspection of the Decatur County Jail revealed the facility has shortcomings in staffing and above average inmate population.The findings show the jail lacks enough personnel to adequately supervise inmates around the clock, the Greensburg Daily News reports.Inspection data revealed the number of inmates exceed the jail’s capacity for the past two years. The maximum capacity of the jail is sixty-six inmates and there were an additional six on the day of the inspection.Former Bartholomew County Sheriff Kenny Whipker is the executive liaison in the sheriff and county jail operation, which is part of IDOC’s jail division. He tours nearly 50 southern Indiana jails including Decatur County.He says jail inspections at other facilities yielded similar results, according to the newspaper.In the past year the jail has dealt with an inmate death and alleged escape.Whipker said understaffing many times are a result of funding. In his report, he noted the Decatur County Jail was “well maintained, neat, clean and orderly.”
RelatedPosts Monreal completes Real Sociedad switch Okazaki joins Malaga on one-year deal Police arrest tennis players in match-fixing ring Police entered the headquarters of Spanish club Málaga on Wednesday to seize documents related to a court case involving the second-division team. Authorities did not release further details because the search-and-seizure action was part of an investigation being conducted under secrecy. Police would not confirm Spanish media reports that the action was about a case in which Qatari owner Abdullah Bin Nasser Al-Thani is being sued by minority owners over alleged administrative irregularities. Al-Thani took over the club in 2010. Málaga last month fired coach Víctor Sánchez del Amo after an intimate video was released online. The team from southern Spain is 16th in the 22-team second-division standings.Tags: Abdullah Bin Nasser Al-ThaniMalagaSpanish Police
(REUTERS) – Manchester United reached the League Cup final but were made to sweat as Hull City won the second leg of their last-four encounter 2-1 yesterday to come within one goal of forcing extra time.Hull’s Oumar Niasse scored in the 85th minute to reduce the aggregate deficit to 3-2, but there was to be no fairytale comeback for the Premier League relegation strugglers who were spirited in their efforts to overturn their 2-0 first-leg defeat.Tom Huddlestone had put the hosts ahead after 35 minutes from the penalty spot, but they were unable to turn the screw and allowed a much-improved United to claw their way back into the match after the break when Paul Pogba stabbed in an equaliser.Niasse steered home a David Meyler cross from close range but Jose Mourinho’s side held on to set up a clash against Southampton in the final at Wembley on February 26 after the Saints upset Liverpool on Wednesday at Anfield.Hull faced a daunting prospect to drag themselves back into the tie and made seven changes to their starting lineup in a sign that manager Marco Silva had perhaps already decided a Wembley final was beyond them.The encounter had the feel of a foregone conclusion too, as both sets of players seemed to be going through the motions in a dour opening 25 minutes when neither side created a chance.Hull City’s Michael Dawson spurned the first glimmer of an opening when he was tackled as he looked to pull the trigger, but the deadlock was broken after 35 minutes following a penalty decision that caused initial confusion.Replays showed that United defender Marcos Rojo had barely tugged the shirt of Hull’s Harry Maguire, who tumbled to the ground prompting referee Jon Moss to award the spot kick that Huddlestone rifled into the bottom corner.Zlatan Ibrahimovic drew a superb one-handed save from David Marshall, but it was not until the second half that United showed true signs of life.They had their own penalty appeal waved away when Chris Smalling tumbled to the ground after contact with Huddlestone, sparking an angry touchline reaction from Jose Mourinho as his 54th birthday threatened to turn sour.The United manager’s mood mellowed, however, with 25 minutes remaining when Pogba pounced on a misplaced ball from Huddlestone in his own area to stab United level on the night and restore their two-goal aggregate cushion.Rojo and Niasse rattled the crossbar with headers at either end before the latter set up a nervy finale for United, who will bid for a fifth League Cup triumph and first since 2010 when they face Southampton next month.