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The Great Recession: 10 years out and looking ahead

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr June 2009 marked the official end of the Great Recession and the beginning of an outstanding period of economic recovery. The Great Recession was the biggest economic downturn since the Great Depression, and the decade since has been the strongest period of growth in the history of the American credit union movement.So, what’s next? No one can predict exactly where the economy will go; however, markets and economies run cycles, and economists agree a recession is likely within the next couple of years.Credit unions have thrived during the past decade by capitalizing on what they do best: delivering competitive rates and superior service and, in many cases, lending to those turned away by for-profit institutions.Now, the industry is facing a new set of imperatives. The competition has grown, both in numbers and intensity, and credit unions can no longer rely simply on their cachet as “non-banks”. continue reading »last_img read more

Roland Garros could be behind closed doors, says French tennis boss

first_img Guidicelli, who said that the French federation (FFT) had “no regrets” over its unilateral decision to move the clay court Grand Slam from May 24-June 7 to September 20-October 4, insisted all options remain on the table. “We haven’t ruled out any option. Roland Garros is first and foremost a story of matches and players,” he told the Journal du Dimanche. “There is the tournament taking place in the stadium, and the tournament on TV screens. “Millions of viewers around the world are waiting. Organising it behind closed doors would allow part of the business model – television rights (which account for more than a third of the tournament’s revenues) – to go ahead. This cannot be overlooked.” The spread of the coronavirus has halted all tennis since mid-March and will not resume until July 13 at the earliest. Wimbledon has already been cancelled for the first time since the World War II. The US Open, due to take place in New York from August 31-September 13, is also in question with a decision expected in mid-June. Loading… Promoted ContentCouples Who Celebrated Their Union In A Unique, Unforgettable WayThe Highest Paid Football Players In The WorldDeepika Padukone’s Most Memorable LooksWho Is The Most Powerful Woman On Earth?Top 10 Female Disney Villains You’ll Definitely Fall In Love WithThe Most Exciting Cities In The World To VisitWhich Country Is The Most Romantic In The World?6 Incredibly Strange Facts About HurricanesBest & Worst Celebrity Endorsed Games Ever Made5 Of The World’s Most Unique Theme Parks10 Risky Jobs Some Women DoThe Very Last Bitcoin Will Be Mined Around 2140. Read More French Tennis Chief, Bernard Guidicelli, has admitted that Roland Garros, already controversially pushed back four months due to the coronavirus, could be staged behind closed doors. Close to 500,000 fans regularly attend Roland Garros every year. However, an indication as to the thinking around the 2020 edition came last Thursday when the FFT decided to reimburse all tickets bought for the original date of the tournament rather than transfer them. Guidicelli admitted that the start of the rescheduled French Open could even be pushed back a further week to begin on September 27. That would allow a two-week break between the US Open and Roland Garros. “I have regular discussions with Andrea Gaudenzi (President of the ATP), Steve Simon (President of the WTA) and David Haggerty (Head of the ITF) and another call is planned next week to see how we have progressed. “We are working well together, but it is still a bit early to precisely determine the schedule. read also:Murray haunted by 2016 Roland Garros final loss to Djokovic “Roland Garros is the driving force of tennis in France, it is what feeds the players in our ecosystem,” added Guidicelli. FacebookTwitterWhatsAppEmail分享 last_img read more

Rohit Sharma and Umesh in Focus as BP XI Play SA in a Tour Game

first_imgVizianagaram (Andhra Pradesh): Rohit Sharma, who has been India’s regular opener in the shorter formats of the game, will have his first stint at the top of the order in red-ball cricket when he leads Board President’s (BP) XI against South Africa in the lone three-day tour game beginning on Thursday.Rohit, who has been one of India’s premier batsmen in the limited-overs set-up, has been given the opportunity to cement his place in the Test side and become a permanent feature in all the three formats by moving him to the top of the order.The 32-year-old will be challenged by Kagiso Rabada and company and will have a good taste of what he would be up against in the three-Test series which begins on October 2 in Visakhapatnam.The tour game will also prove to be a good opportunity for Umesh Yadav who has been inducted into the squad as a replacement for the injured Jasprit Bumrah. Bumrah has suffered a minor stress fracture in his lower back and was ruled out on Tuesday.The game will be a good dress rehearsal before the Visakhapatnam Test as the likes of Ajinkya Rahane and Hanuma Vihari, who were among the runs against the lackluster bowling line-up of the West Indies, will be facing the quality red ball attack of South Africa, comprising Rabada, Vernon Philander and Lungi Ngidi.Another player who will be in focus is Karun Nair along with Umesh Yadav — India’s second triple centurion after Virender Sehwag. Nair had a poor domestic season last year and even though he was in England for the Test series, he didn’t get a game. Nair will be aiming to score some big runs in order to force the selectors to find a way for him in the squad.Meanwhile, for the Proteas, regular skipper Faf du Plessis is back with the team and he would be raring to come out and make a statement after he was ignored for the T20I series as Cricket South Africa has decided to try Quinton de Kock in the shorter format.Squads: Board President’s XI: Rohit Sharma (captain), Mayank Agarwal, Priyank Panchal, AR Easwaran, Karun Nair, Siddhesh Lad, KS Bharat (wicket-keeper), Jalaj Saxena, Dharmendrasinh Jadeja, Avesh Khan, Ishan Porel, Shardul Thakur, Umesh Yadav.South Africa: Faf du Plessis (captain), Temba Bavuma (vc), Theunis de Bruyn, Quinton de Kock, Dean Elgar, Zubayr Hamza, Keshav Maharaj, Aiden Markram, Senuran Muthusamy, Lungi Ngidi, Anrich Nortje, Vernon Philander, Dane Piedt, Kagiso Rabada, Rudi Second. (IANS)Also Read: Bumrah Should be Played in Home Test: Indian Pacer Chetan SharmaAlso Watch:PHED takes out awareness rally against plastic in Hojai | The Sentinel News | Assam Newslast_img read more

New Ways to Find E.T.

first_img(Visited 14 times, 1 visits today)FacebookTwitterPinterestSave分享0 SETI researchers may not have to wait by the stellar radio dial for their imaginary friends to call in.  They might eavesdrop on their pollution.Perhaps desperate for proof of life beyond the earth, scientists continue to expand their search resources.  One idea put forth by Avi Loeb at Harvard, with two buddies, is that we could find them by their smog.  Specifically, chlorofluorocarbons (CFCs) of a certain type would be nearly impossible for natural processes to produce.  If someone on a distant planet is using hairspray, then, we might be able to tell if alien blondes are smarter than their human counterparts.That’s not much sillier than what Sheyna Gifford wrote, in all seriousness, for NASA’s Astrobiology Magazine:While primitive forms of life have their own biomarkers – like oxygen and methane – these molecules are too complicated for nature to, as Loeb put it, “do this on its own.” However, at least for the moment, we can’t rush off and start looking for aliens by their hairspray.The only reason we can’t is we don’t have the detection technology yet.  In principle, it could be done.  This represents a departure from the old SETI program of listening in for signals broadcast intentionally.  Now, it’s eavesdropping.  Maybe the NSA should take up this job.Loeb’s thesis was published on the arXiv server, awaiting publication in the Astronomical Journal.  On Live Science, Elizabeth Howell thought the idea was just fine.  Instead of portraying aliens as dumb blondes with hairspray, she envisioned purple aliens: quoting Loeb, her article ends, “People often refer to E.T.’s as ‘little green men,’ but the E.T.’s detectable by this method should not be labeled ‘green’ since they are environmentally unfriendly.”Charles Q. Choi on Space.com discussed a related suggestion by Sara Seager of MIT.  Life could be inferred, she argues in a paper on PNAS, by scanning atmospheres of exoplanets for ways organisms might have made alterations that normal physical processes would not make.  This strategy does not assume the organisms are intelligent; even microbes might affect their planet’s atmospheres in unnatural ways.  The “biomarkers” are too difficult to detect right now.  Like Loeb, Seager hopes that the James Webb Space Telescope (JWST), scheduled for launch in 2018, will have the capability to eavesdrop on life beyond earth.  Bob Yirka summarized Seager’s views on PhysOrg.In another stretch of the imagination, researchers are peering into oil drops to divine habitats for life.  Science Daily says, “An international team of researchers has found extremely small habitats that increase the potential for life on other planets while offering a way to clean up oil spills on our own” (paper in Science Magazine; got good press in Nature, too).  Rationale: they found microbes in water droplets in an oily lake, but it was their asphalt.  Megan Gannon launched from that gooey subject into 4 possible places in our solar system where alien life could exist: Mars, Europa, Titan and Enceladus.  She’s forgotten that Texas is being overrun by aliens right now.Silliness of hairspray aside, there are serious philosophical questions to discuss with Loeb’s theory.  Evolution News & Views, for instance, used the occasion to discuss the design filter and to clarify the limits of design inference.  If SETI researchers seriously believe that we could make an inference to intentional, intelligent causes merely from observing certain rare gases in an alien planet’s atmosphere, what’s the problem with intelligent design reasoning?  If evolutionists use it, why can’t their critics use the same thought processes?  This is a good story to throw back at the atheists who insist, vehemently, that intelligent design is not scientific.  Good grief, Loeb and his lackeys think they can figure out the environmental ethics of aliens, their color and their wisdom, too!  All ID tries to do is separate intelligent causes from non-intelligent causes.  ID advocates are, therefore, the more empirically modest scientists.  Yet the Darwine-drunk guys in SETI get away with outlandish speculations.Exercise: What do we mean by “natural”?  Atheists will claim that aliens are natural, like they believe humans are products of natural selection.  How would you clarify the difference between natural causes and intelligent causes to someone who thinks intelligent causes are a subset of natural causes?  Cf. 05/11/06.last_img read more

Birds get right of way at airport

first_imgMount Moreland attracts hundreds of birderswho gather at dusk to watch the swallowscongregating in their millions.(Image: SA Venues) The ecologically sensitive Lake Victoriawetland is home to millions of barnswallows in the summer months.(Image: Sprig) MEDIA CONTACTS • Communications Manager, Acsa+27 31 451 6666Janine ErasmusDurban’s King Shaka International Airport is set to welcome its first arrivals at the beginning of May, just in time for the 2010 Fifa World Cup.Besides taking care of its human passengers, airport management is also putting the safety of birds high on its priority list.The airport is situated on the north coast of KwaZulu-Natal province, some 35km north of central Durban. It forms part of the ultra-modern Dube Tradeport, which also includes an import and export zone and agricultural export zone, and is expected to significantly boost the economy of the region.The brand-new airport will take over all the traffic that passed through the old Durban International airport. To accommodate passengers who may fly out of Durban International but return to King Shaka, leaving their cars parked at the former, the Airports Company of South Africa (Acsa) will offer a complimentary shuttle service for a week after King Shaka goes live.However, during the planning of the airport it was found that a visiting flock of barn swallows (Hirundo rustica), also known as European swallows, had built a nesting colony in the 35ha Lake Victoria wetland near the small village of Mount Moreland – right in the path of the approach to King Shaka’s 3.7km runway.These migratory birds visit South Africa in the summer months to escape the cold of the northern hemisphere, where they breed in vast numbers. The tiny creatures, each weighing an average of 18 grams, cover the round trip between South Africa – some 12 000km – every year.The Mount Moreland colony is the largest in the country with between 3- and 5-million birds. The colony reaches its maximum size by November each year and the birds stay until mid-April, when they begin the long haul back north.During the 30 minutes or so before sunset the swallows gather in large numbers overhead, wheeling and swooping, before retiring to their nests hidden in the reeds.This spectacular sight attracts bird enthusiasts from all over the world, who trudge through the ecologically important Lake Victoria wetland, chairs and refreshments in hand, to reach the massive roost. Many attend the ringing workshops that are held to catch and mark the tiny specimens, enabling them to be indentified in other parts of the world.Birds and planes can coexistThe colony posed a serious conservation problem not only for the airport developers, because the safely of incoming craft could be jeopardised, but also for bird ecologists and enthusiasts. Bats are also at risk.At first the discussion focused on the possibility of destroying the reeds, but there was an outcry from organisations such as WWF South Africa and local and international chapters of BirdLife, who argued that destruction of the swallows’ summer roost would have a serious impact on their numbers in Europe. A new approach was needed.The developers and environmentalists returned to the negotiating table and thrashed out specifics of the birds’ flying patterns and requirements for aircraft.Once developers realised that the birds were in the air for no longer than an hour at dusk and dawn, that their nesting area was nearly 3km from the end of the runway, and that only about 5% of the flock tends to stray into the flight path, they were able to come up with a solution.A special radar system was built in the US, at a cost of around US$300 000 (R2-million), to monitor the birds’ movements and enable air traffic control to advise pilots of potential safety hazards.The radar scans an area of 3.7km both vertically and horizontally, and alerts air traffic control when unacceptably high numbers of swallows drift into the flight path. The airport’s bird and wildlife unit is also alerted immediately.Because the birds are so quick to fly off and come in to roost, flights may be delayed or have to slow their approach for only a short time.The system is up and running but must still get the green light from the South African Civil Aviation Authority. However, as the birds are scheduled for departure within the next couple of weeks, airport management will have a good five months to work out the finer details before they return in October.Hi-tech facilityThe R8-billion (about $1-billion) King Shaka International Airport is the first greenfield project of its kind in Africa and by the time it opens will have been under construction for a lightning-fast 30 months. The airport is named for the fearsome Zulu monarch who ruled the area in the early 19th century.Acsa has engaged a team of experts from Munich-based LGM to assist with the complex operational transfer programme. The German team has similar experience with about 10 airports around the world and is consulting with local technical staff to ensure that the transfer goes smoothly.The airport is fitted with the latest technology and features a wide selection of retail and food shops. Ample foreign exchange and banking services are available, as well as car rentals.A host of carriers, including all the local airlines as well as Emirates and Air Mauritius, will use the new airport, which can accommodate the largest passenger aircraft in the world, the Airbus A380.last_img read more

South Africa’s Oh-lief baby care range gets rave reviews

first_imgThe baby balm market is big business, if the success of South African start-up Oh- lief is anything to go by. The natural and organic beauty and baby product range went from being a modest home-based word-of-mouth success to an international brand in just four years, earning founders Louiza Rademan and Christine Buchanan R1-million from local bank Standard Bank in its Think Big competition to boost small business.The Cape Town-based sisters are long-time fans of natural and organic products, and when Buchanan was expecting her first child, she wanted to continue using such products. Not finding a suitable range on the shelves, the sisters turned to family recipes, and Rademan whipped up a nappy balm that worked for Buchanan’s child and received rave reviews from family and friends.The seed for what would become an international business was planted; Rademan and Buchanan attended a three-day trade show with 100 units of the balm, only to sell out on the first day. “We made 100 units for the three-day event, convinced that this would be enough. We sold the entire stock on day one. That night we mixed up another 100 jars. We sold out again the following day, and then repeated the exercise that evening, only to sell out again,’ said Buchanan.It was time to concentrate on Oh-lief Natural Products; the sisters quit their day jobs, property and architecture, to concentrate on refining their product. They still worked out of their kitchens, and kept the business to scale, putting the organic baby bum balm on sale.“After people had made an initial purchase and experienced the quality and effectiveness of the balm they purchased more,’ said Rademan. “Women buy by brand, with many using the approach adopted by Tupperware – where sales are based on women selling their product from their homes. By following a similar model, we were able to increase sales.’Rademan and Buchanan took heart at this increase in sales and expanded the olive- oil based range to include adult-focused products. They soon saw their products flying off shelves in pharmacies, health stores and independent baby stores.Rademan and Buchanan say they’ve never “had one bad debt’. That’s a feat for a small business in uncertain economic times, especially for a product that targets high- end consumers, and the partners have capitalised on this success and expanded it using modern marketing; social media, word of mouth and attractive packaging.Modern marketing, worldwide appeal“Exposure on social media may not translate directly into sales, but is essential because it creates brand awareness. “It provides an opportunity to use high-quality visuals that appeal to the market, and also to communicate directly with a pool of existing and potential customers,’ said Buchanan.The brand is now making inroads in Europe, after exhibiting at a European trade show funded by the Department of Trade and Industry. Selling in the UK and Scandinavia, it is no longer a home-based business, but manufactured at larger premises in Cape Town. It is also now going to be introduced to a wider South African market through local retailer Woolworths, which will stock the Oh-Lief luxury adult range at 25 stores.Winning the Think Big Business Champions competition is a big boost for the partners. They say they will be using the cash prize to reinforce “the quality of our product by getting it registered and certified by international bodies.. We are also looking at plans to bring Oh-lief to the attention of all South Africans.’The sisters are determined that even while they grow the brand and business, they will stay true to quality, purity and the “uniqueness of hand mixing their product’.SAinfo reporterlast_img read more

Press release: Excellence to be rewarded at SA Premier Business Awards

first_imgThe fifth edition of South African Premier Business Awards will not only celebrate business excellence but will also recognise those enterprises that promote the spirit of success and innovation.Despite the lag in the local economy, South African businesses are persevering. The Premier Business Awards recognises these resilient businesses. (Image: Brand South Africa)Johannesburg, 29 January 2018 – Members of the media are invited to attend the awards ceremony of the fifth South African Premier Business Awards where South African business excellence will be recognised and rewarded.The ceremony will be hosted by the Department of Trade and Industry (the dti), in partnership with Brand South Africa and Proudly South African under the theme Rewarding Business Excellence.Thirty companies will be vying for top honours in 10 categories which include Black Industrialists Award, Manufacturer Award, Play Your Part Award, Proudly South African Member Company Award, SMME Award, Woman Owned Award and Young Entrepreneur Award. The awards are sponsored by Tsogo Sun, Old Mutual, Wits Business School and Johannesburg Stock Exchange.According to the Minister of Trade and Industry, Dr Rob Davies, the awards recognise business excellence and celebrate enterprises that promote the spirit of success and innovation as well as job creation, good business ethics, and quality.Journalists who will be covering the event are requested to contact Ntombi Ntanzi on [email protected] or (011) 712-5071/081 704 1488.More information on the South African Premier Business Awards, visit www.sapremierbusinessawards.co.za or call 0861 843 384.Would you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

GREETINGS OBX EARTHLINGS – Geocache of the Week

first_img SharePrint RelatedIf you build it, they will cache. — “1988 Field of Dreams” (GC359Z4) — Geocache of the WeekApril 9, 2015In “Geocache of the Week”Östanbyn — Geocache of the WeekSeptember 7, 2017In “Geocache of the Week”Klaatu Barada Nikto! — Aliens Among Us (GC1N0B9) — Geocache of the WeekMarch 12, 2014In “Community” TraditionalGC4G2HQby beans&franks Difficulty:1.5Terrain:1.5 Continue to explore some of the most amazing geocaches around the world.Check out all of the Geocaches of the Week on the Geocaching blog. If you would like to nominate a Geocache of the Week, fill out this form.Share with your Friends:Morecenter_img Get ready for take off! There’s a geocache in the Outer Banks of North Carolina that eclipse the other geocaches on your find list. GREETINGS OBX EARTHLINGS landed on Earth on July of 2014. Prepare yourself for a close encounter with the fourth kind while at ground zero.But it’s ok, these aliens come in peace.The flying saucer is referred to as a Futuro House. Despite being miles off the East Coast of the United States, over 600 geocachers have gravitated towards the shiny spaceship to claim their find and see the it for themselves. Originally, Finnish architect Matti Suuronen created these houses in the 1960’s and 70’s to function as ski cabins, but the intent was lost as they were marketed as hip and trendy homes for the future. Geocachers beans&franks discovered this spacey Futuro Home in a junkyard and refurbished it with a nice new silver paint job (originally green). While it may be rated a D/T 1.5, don’t be afraid to phone home and get help finding the cache. Once the cache is found you’re encouraged to pose either with, or as an alien.This cache sounds like from it’s out of this world (probably because it’s a spaceship), but if you haven’t heard the news yet, you are invited to join the Geocaching Explorers Club, and be among the first geocachers to visit every planet in our solar system. A spaceship isn’t necessary, just hop on our Geocaching® app, fire up your GPS, maybe bring along a few trackables to drop, and you’re ready for blast off!Check out how you can embark on an interstellar journey and earn souvenirs at each planet along the way. Location:North CarolinaN 35° 14.920′ W 075° 36.526′last_img read more

Human remains found near Whistler BC linked to missing Australian woman

first_imgWHISTLER, B.C. – RCMP say human remains linked to a missing Australian woman have been found near the resort town of Whistler, B.C.Police say in a news release that Alison Raspa was reported missing last November.Visitors to Alpha Lake Park called police on Friday to say they’d found what appeared to be human remains in the partially frozen lake.Mounties say the cause of death has not been confirmed, but it does not appear suspicious.Raspa’s family has been notified in Australia.The RCMP and the coroners service are investigating in an effort to determine the cause of death involving the woman who was last seen leaving a bar.last_img read more