first_img Qualifying ends for fall judicial races There are 26 circuit court races — or more than one out of every 10 circuit judgeships up for election this year — that drew contested races as of the close of filing May 17. In addition, 24 district court of appeal judges, as well as outgoing Supreme Court Chief Justice Charles Wells and incoming Chief Justice Harry Lee Anstead, have filed for merit retention.Another nine circuit court seats, just created by the legislature, will be open for qualifications in July. Traditionally, open seats are much more likely to attract contested races than those occupied by incumbents.Contested races will be on the September primary ballot, with any resulting runoffs decided on the November general election ballot. The merit retention votes will be on the November ballot.One result of interest to the Bar is Board of Governors member John Marshall Kest was elected without opposition to a Ninth Circuit judgeship. (Data for county judge races is not collected statewide, but is available county by county from local elections supervisors.)Contested races are:In the Fourth Circuit, John Joseph Cascone and W. Gregg McCaulie for Group 5 and David M. Gooding and Dan Wilensky in Group 13.In the Fifth Circuit, Carven D. Angel and Michael G. Takac in Group 1.In the Sixth Circuit, Wayne L. Cobb and Chris Yeazell in Group 8, Declan Mansfield and John Renke in Group 25, Linda Babb, George H. Brown, and Sarah Chaves for Group 26, and Robert “Bo” Michael and Jack R. St. Arnold for Group 28.In the Seventh Circuit, Jim Clayton and Terry LaRue for Group 7.In the Ninth Circuit, Alan Apte, Ted Marrero, and Neal P. Pitts in Group 21.In the 11th Circuit, Ivan Fernandez and Alan I. Mishael in Group 1, Mary Barzee and Yolly Roberson in Group 2, Alan L. Postman and Diane Ward in Group 4, and Alexander O. Akpodiete, Xavier Cortada, Raul G. Ordonez, Jr., and Sarah Zabel in Group 46.In the 12th Circuit, Susan Chapman, Charlie Roberts, Adam Tebrugge and Laurie Zimmerman for Group 5.In the 13th Circuit, Kevin Carey and Walter Foster in Group 7, William P. Levens and Brent Warren Yessin in Group 28 and Martha Cook, Carlos A. Pazos, and Ken Whalen in Group 30.In the 15th Circuit, Bill Berger and Bennett S. Cohn in Group 3, Martin H. Colin and Diana Lewis in Group 14, and Scott S. Britan and Jeffrey A. Winikoff in Group 31.In the 17th Circuit, Michael J. Orlando and Mila K. Schwartzreich in Group 11, John Bowman, Mariza de Guzman Cobb, and Alan Marks in Group 26, David Krathen and Nicholas “Nick” Lopane in Group 29, Hope Tieman Bristol and Andrew “Andy” Siegel in Group 37, and Michael E. Gilfarb, Ronald M. “Ron” Gunzburger, Joyce Anne Maines-Julian, and John J. Murphy III for Group 41.In the 19th Circuit, Roy T. Mildner and Larry Schack in Group 11. Appellate Courts Filing to run for merit retention, besides Anstead and Wells on the Supreme Court, were:On the First District Court of Appeal, Judges Robert T. Benton, Marguerite H. Davis, Joseph Lewis, Jr., Ricky L. Polston, and William A. Van Nortwick, Jr.On the Second District Court of Appeal, Judges Chris W. Altenbernd, Virginia Covington, Carolyn K. Fulmer, Jerry R. Parker, Morris Silberman, and James W. Whatley.On the Third District Court of Appeal, Judges Gerald B. Cope, Jr., David M. Gersten, Melvia B. Green, David L. Levy, and Juan Ramirez, Jr.On the Fourth District Court of Appeal, Judges Mark E. Polen, George A. Shahood, W. Mathew Stevenson, and Martha C. Warner.On the Fifth District Court of Appeal, Judges Richard B. Orfinger, William David Palmer, Robert J. “Bob” Pleus, Jr., and Thomas D. Sawaya. Uncontested Circuit Following are circuit judge candidates who were elected or reelected without opposition. Most are incumbents, but state elections information does not denote a difference between incumbents and nonincumbents:In the First Circuit, G. Robert Barron, T. Michael “Mike” Jones, Kim A. Skievaski, Nickolas P. Geeker, Paul A. Rasmussen, John T. Parnham, Jan Shackelford, Edward P. Nickinson III, Kenneth L. Williams, Ken Bell, and Mike Allen.In the Second Circuit, Kathleen F. Dekker, P. Kevin Davey, William L. Gary, N. Sanders Sauls, Tom Bateman, John C. Cooper, John E. Crusoe, and Charles A. Francis.In the Third Circuit John Weston Peach and Julian E. Collins.In the Fourth Circuit, Jean Johnson, Frederic A. Butner, Lance M. Day, Charles O. Mitchell, Jr., Donald R. Moran, Jr., Peter J. Fryefield, Aaron K. Bowden, John H. Skinner, Brad Stetson, Bernard Nachman, and Waddell A. Wallace III.In the Fifth Circuit, Barbara Gurrola, Richard “Dick” Tombrink, Jr., Mark J. Hill, William Jack Singbush, Richard A. Howard, Don F. Briggs, Jack Springstead, G. Richard Singeltary, Sandra Edwards-Stephens, T. Michael Johnson, Brian D. Lambert, and Curtis J. Neal.In the Sixth Circuit, Lauren C. Laughlin, Raymond O. Gross, W. Lowell Bray, Jr., Marion L. Fleming, James R. Case, Walt Logan, Mark Shames, Stanley R. Mills, Anthony Rondolino, Bruce Boyer, Tim Peters, John A. Schaefer, and Daniel D. Diskey.In the Seventh Circuit, J. David Walsh, Edward E. Hedstrom, R. Michael Hutcheson, John V. Doyle, Edwin P.B. Sanders, John M. Alexander, Julianne Piggotte, Shawn L. Briese, Robert K. Mathis, Robert K. Rouse, Jr., and Hubert L. Grimes.In the Eighth Circuit, Frederick D. Smith, Martha Ann Lott, and Peter K. Sieg.In the Ninth Circuit, John Kest, James C. Hauser, William C. Gridley, Maura T. Smith, Walter Komanski, John H. Adams, Sr., Roger J. McDonald, George Sprinkel, Dorothy J. Russell, Daniel Dawson, Anthony “Tony” Johnson, A. Thomas Mihok, Reginald Karl Whitehead, Donald E. Grincewicz, Frederick J. Lauten, and Janet C. Thorpe.In the 10th Circuit, Roger A. Alcott, Julian Dale Durrance, David Langford, Dennis P. Maloney, Susan W. Roberts, J. Michael McCarthy, Dick Prince, Wm. Bruce Smith, and Charles Lee Brown.In the 11th Circuit, Amy Steele Donner, Margarita Esquiroz, Jose M. Rodriguez, Ronald M. Friedman, Eugene J. Fierro, Leon Firtel, Daryl E. Trawick, Jon I. Gordon, Manny Crespo, Peter Lopez, Ronald Dresnick, Joseph P. Farina, Roberto M. Pineiro, Celeste Hardee Muir, Leonard E. Glick, Jerald Bagley, Stuart M. Simons, Kevin Emas, Thomas S. Wilson, Jr., Jeri Beth Cohen, Bernard S. Shapiro, Marc Schumacher, Jeffrey Rosinek, Jacqueline Hogan Scola, Cecilia M. Altonaga, Robert N. Scola, Jr., Sandy Karlan, and Victoria Sigler.In the 12th Circuit, Durand J. Adams, Rick De Furia, Andrew D. Owens, Bob McDonald, Peter A. Dubensky, Marc B. Gilner, and Deno Economou.In the 13th Circuit, Frank A. Gomez, Barbara Fleischer, Marva L. Crenshaw, Dan Perry, James D. Arnold, Gregory P. Holder, Rex Martin Barbas, Ralph C. Stoddard, Charlene E. Honeywell, Jack Espinosa, Jr., Robert J. Simms, Claudia Isom, Chet A. Tharpe, Manuel Menendez, Jr., Sam Pendino, J. Rogers Padgett, Vivian C. Maye, Wayne S. Timmerman, Richard A. Nielsen, Katherine G. Essrig, James M. Barton II, and Herbert J. Baumann, Jr.In the 14th Circuit, William L. Wright, Judy Pittman, Hentz M. McClellan, and Michael C. Overstreet.In the 15th Circuit, Elizabeth T. Maass, Mary E. Lupo, Jorge Labarga, John J. Hoy, Tom Barkdull, Jeffrey J. Colbath, Richard I. Wennet, Gary L. Vonhof, John L. Phillips, Lucy Chernow Brown, and Sandra K. McSorley.In the 16th Circuit, Mark Jones, Luis M. Garcia, and Sandra Taylor.In the 17th Circuit, James I. Cohn, John A. Frusciante, Barry E. Goldstein, Larry Seidlin, Melvin B. “Mel” Grossman, Jeffrey E. Streitfeld, Patti Englander Henning, Victor “Vic” Tobin, Stanton S. Kaplan, Lawrence L. “Larry” Korda, Tom Lynch, Leroy H. Moe, George Angen Brescher, Charles Michael Greene, Renee Goldenberg, Marc H. Gold, Dorian K. Damoorgian, Susan J. Aramony, and Alfred J. Horowitz.In the 18th Circuit, Preston Silvernail, Nancy Alley, Donna McIntosh, Bruce W. Jacobus, John Dean Moxley, Jr., John M. “Jack” Griesbaum, Tonya Rainwater, James E.C. Perry, Meryl L. Allawas, Charles M. Holcomb, Alan A. Dickey, Kenneth R. Lester, Jr., and Vincent George Torpy, Jr.In the 19th Circuit, Ben L. Bryan, Jr., Steven J. Levin, Robert R. Makemson, Cynthia L. Cox, Bill Roby, and Dan L. Vaughn.In the 20th Circuit, Lynn Gerald, Jr., Ted Brousseau, Daniel R. Monaco, Hugh D. Hayes, William C. McIver, Hugh E. Starnes, Donald E. Peliecchia, Isaac Anderson, Jr., Sherra Winesett, John S. Carlin, and G. Keith Cary. Qualifying ends for fall judicial racescenter_img June 1, 2002 Regular Newslast_img read more

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Dennis Child Dennis Child is a 40 year veteran credit union CEO recently retired. He has been associated with TCT for 25 years. Today, Dennis enjoys providing solutions and training for credit … Web: Details A credit union’s Asset/Liability Management process represents one of the most important functions in its operations.   Paramount to any A/LM process are the Interest Rate Risk (IRR) and equity-at-risk limits recommended by its A/LM Committee and established by its board of directors. Limits are established so a credit union can continually measure to what degree it is placing its balance sheet and profitability at risk in changing rate environments. From those measurements credit union management can create strategies as needed. Setting limits to risk is too important to leave to guess work or simply by using peers’ numbers. Every credit union needs to set its IRR limits by using empirical, statistically-validated processes. Calculating and setting risk limits using empirical methods assures that a credit union is managing and monitoring its exposure to risk according to its unique objectives, equity, operations, and tolerance for risk.Interest Rate Risk, its measurement and management, is a primary concern for regulators. IRR should be considered a primary risk by credit union managers as well. Reviewing important points of what IRR is and how it should be managed is probably appropriate before going further with the discussion on setting IRR limits using empirical methods.Point 1: Managers and boards have responsibilities regarding IRR:A credit union’s board and management needs to be able to answer the following questions affirmatively:Does the credit union use an independently validated IRR measurement process?Do the board and management understand how their A/LM model and process works?Does the credit union apply its A/LM process consistently in its planning and operations?Point 2: IRR is a critical issue for credit unions:IRR is the risk to earnings and capital arising from the movement of interest ratesIRR arises from the differences between the timing of interest rate changes and the timing of cash flowsFor most credit unions, the primary factor driving IRR is long-term loansPoint 3: IRR policies are required by regulation (NCUA Guidance Letter 12-CU-11 August 2012):A credit union’s IRR policy should:Identify who is responsible for review of IRR exposureDirect actions to ensure management measures and controls IRR exposureState the frequency of IRR monitoring and measurement of IRR to the boardSet risk limits for IRR exposure based on a selected measurement toolChoose tests such as rate shocks that a credit union will perform using selected methodsProvide for review of changes in IRR exposure and compliance with policy and risk limit.Provide for assessment of IRR impact on business activityProvide for annual review of policy to ensure it is commensurate to risk profilesWhen appropriate, set limits for individual portfolios, activities, etc.A credit union’s limits to risk exposure are an integral part of its IRR policy. These policy limits should reflect the actual conditions uniquely inherent to a credit union’s interest margin, equity and appetite for risk.   For these reasons, using empirical methods to set IRR limits are important.Setting IRR limits using empirical methods is no easy process. A credit union may be best served by relying on the expertise of a consulting firm specializing in such matters. Such a firm should be able to show that it has invested in studies and data gathering sufficient to have developed statistically reliable modeling processes. The firm should also be able to explain to the satisfaction of managers and regulators the components of its models and how these models have been statistically validated. When considering outsourcing the task of establishing IRR limits, credit union managers probably are best served by a firm that requires a minimum of data input from credit union staff. Most firms can load much of the information they need from NCUA 5300 forms.A firm hired to provide IRR limit recommendations should be able to present at a minimum:The recommended Net Interest Income to be placed at riskThe recommended equity to be placed at riskThe recommended minimum equity ratioThe methodology and statistical testing used to arrive at its recommendationsCredit unions are in the risk management business. Effectively managing risk requires setting limits. IRR limits are critical in any financial institution’s A/LM process. Setting these limits using empirical methods that are statistically validated on a regular basis helps assure regulators that a credit union’s board and management are “on top of the game” when it comes to IRR management. More importantly, measuring and monitoring IRR against stochastically derived limits provides credit union management a meaningful method for assuring regulators they are planning and making adjustments in their balance sheets as risk conditions fluctuate. Managing IRR appropriately also assures that the credit union is in a position to take advantage of profitable opportunities when changes in interest rates present such opportunities.last_img read more

first_imgJun 18, 2008 (CIDRAP News) – David Nabarro, influenza coordinator for the United Nations (UN), said during a press conference yesterday that the world is better prepared to respond to an influenza pandemic, but he added that continuing outbreaks in some countries are a reminder that a major threat remains.”The situation is really improving. It doesn’t mean that we can say the situation is completely under control—we have the situation in countries where it is still quite entrenched—but it does mean that in the rest of the world there is a great deal of vigilance and action under way,” said Nabarro in a UN press release. He shared his global pandemic assessment with reporters at the UN’s New York City headquarters yesterday.Praise as well as concernHe praised South Korea and the United Kingdom for how quickly they brought recent H5N1 outbreaks under control, and credited Australia and the United States with conducting pandemic exercises aimed at testing the resiliency of their financial sectors.Nabarro pointed out that the financial sector exercises show that it’s not necessarily expensive to prepare for a pandemic and that such strategies could help countries prepare for other types of threats.Nabarro also said many governments have aggressively invested in improving poultry biosecurity and have focused efforts on the link between animal and human diseases.Other notable achievements include the work that the World Tourism Organization has done to spearhead preparedness in travel and tourism industries and updates that the World Health Organization has made to its international health regulations and pandemic preparedness guidance, Nabarro said.However, he said that the UN was very concerned that the virus is still entrenched in nations such as Vietnam, Bangladesh, India, Egypt, and Indonesia, and, to some extent, Nigeria.”We remain very concerned about Indonesia, where the disease seems to be concentrated among poultry, particularly in Western Java, and we’re also seeing the largest numbers of human cases,” Nabarro said in the press release.National governments have pledged $2.7 billion to the UN over the past 3 or 4 years, he said, adding that countries have not earmarked their donations toward particular sectors, which helps the agency allocate the money toward animal and human health initiatives, as needed.Planning for global conferencePreparations are under way for a global conference on the H5N1 virus and pandemic preparedness, Nabarro told reporters. The meeting will be held in October in Egypt. Representatives from UN agencies, the World Bank, and the Egyptian government will meet in July in Cairo to flesh out plans for the meeting.A likely outcome of the meeting will be a review of each country’s response to and preparation for avian influenza events and a better understanding of the private sector’s role as a partner in planning, he said.FAO: Stay vigilant in CambodiaIn other developments, the UN’s Food and Agriculture Organization (FAO) and Cambodia’s agriculture ministry warned today that Cambodia must be vigilant about preventing and identifying H5N1 outbreaks, given that the country borders Vietnam and Thailand, which continue to experience outbreaks.Etienne Careme, the FAO’s emergency program coordinator, said in a statement today that, although Cambodia hasn’t had an outbreak since April 2007, serious risks remain and that the FAO, the United States, and Germany will continue efforts to boost the government’s laboratory capacity, improve farm and market biosecurity, and maintain disease surveillance.The agriculture ministry and the FAO have hosted public awareness meetings since April that have drawn 4,000 people from 25 villages, the FAO statement said.See also:Jun 17 UN press releaseJun 17 UN press conference statementJun 18 FAO statementlast_img read more

first_imgHe is a classic opportunist. Bannon is no kingmaker.And yet, the allure of a hostile Bannon-takeover of the Republican Party is irresistible to the media because it is what they want to happen.And in politics, bad get worse.In two or three days, headlines will read that Flake’s departure signifies the death of the Republican Party – at the hands of Bannon.All the more reason real Republicans need to stay and fight.Ed Rogers is a contributor to the Washington Post’s PostPartisan blog, a political consultant and a veteran of the Ronald Reagan and George H.W. Bush White Houses.More from The Daily Gazette:EDITORIAL: Find a way to get family members into nursing homesFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Beware of voter intimidationEDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Thruway tax unfair to working motorists Not exactly heroic.Leaders such as Flake need to stay and fight the good fightThe Republican Party needs more principled conservatives walking the halls of Congress, not fewer.Flake stood for something, and he should continue doing exactly that.Surrendering to a potential defeat in 2018 is not the example that he should set.In this political environment, quitting is the definition of being selfish.And while we are at it, I see the people who criticize those serving in the Trump administration as being enablers of the president. Categories: Editorial, OpinionWhatever the Republican Party’s problem is, the solution isn’t for Sen. Jeff Flake, R-Ariz., to quit the Senate or Roy Moore and Kelli Ward to become Republican Senate nominees.The fact is, Flake is a good man and is part of the solution in Washington — not part of the problem.A lot of what he said on the Senate floor Tuesday is the undeniable truth.But instead of staying in the fight, he just sounded the alarm and now is now heading for the door. But the liberal media will treat Flake like a hero — and this is only the beginning of the retirement season.Let’s remember, the mainstream media wants nothing less than to see the destruction of the Republican Party.Oh and by the way, the anti-Republican media will celebrate Flake’s retirement as a triumph for Stephen K. Bannon.But Bannon seems just to be following Lee Atwater’s first rule of politics: be for what is going to happen.Bannon didn’t create or launch the candidacy of Moore any more than he did that of Donald Trump.And he didn’t create or launch the candidacy of Ward in Arizona.He is just following the polls and supporting whoever looks like a winner. After all, Trump needs minding.I think a lot of people serving in this administration are guardians of the galaxy.Thank God they are there.If the rational, level-headed thinkers are discouraged and quit, the void will be filled by less competent, less committed individuals who will only encourage the president’s worst instincts.Flake is wrong; in Congress, the choices aren’t to either be complicit or quit.There is the option of staying, being intellectually honest and trusting the voters that you have always said you trusted.I hope Flake’s shortsighted choice of quitting doesn’t have a snowballing effect within the Republican Party.last_img read more

first_imgThursday’s match with Rennes is Arsenal’s last game until April (Picture: Getty)With the international break taking place after this weekend’s action, it means Arsenal’s next match after Rennes is not until Monday April 1 when they host Newcastle.AdvertisementAdvertisementADVERTISEMENTEmery has therefore decided to take the squad away to Dubai for some warm-weather training, granting some respite from a demanding schedule that has seen the side play 15 times in 2019 already – with another game to come on Thursday.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityArsenal will travel to Dubai during the international break, with a match against Al-Nasr taking place on Tuesday March 26 – meaning some players could still be with their countries and will have to report for duty later in the week.Speaking about the decision, Emery said: ‘It will be great to get some warm weather training and break up the usual routine as we enter the final stage of the season. Comment Metro Sport ReporterTuesday 12 Mar 2019 11:00 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link639Shares Unai Emery explains why Arsenal are going to Dubai for training camp and match The Gunners will jet out ahead of their Premier League match with Newcastle (Picture: Getty)Arsenal boss Unai Emery is hoping Arsenal’s trip to Dubai for warm-weather training, as well as a match against Al-Nasri Dubai SC, will break up their usual routine.The Gunners do not play another match for two-and-a-half weeks after Thursday’s crunch last-16 Europa League clash with Rennes, so have decided to head to the Middle East.Emery’s side were due to travel to Molineux on March 17 but that match has been postponed due to Wolves’ FA Cup quarter-final with Manchester United the same weekend.center_img Advertisement Advertisement Arsenal will also play a friendly match in Dubai during their trip (Picture: Getty)‘The facilities in Dubai are fantastic and it will be an honour to be part of the formal opening ceremony for the new stadium.’The Gunners will use the five-day trip to prepare for facing Newcastle, while they will also hope to have a Europa League quarter-final to look forward to if they can pull off a stunning comeback at the Emirates.More: Manchester United FCRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseEx-Man Utd coach blasts Ed Woodward for two key transfer errorslast_img read more

first_imgThe main bedroom is huge!Ms Hurley has a passion for renovation, but said she did not realise it for a long time.“I was just doing it on the side of my main job, and one day I had the epiphany that this is what I love, so I gave up my job and took on property investing full time.”Ms Hurley has now renovated more than 40 properties, and said they completely gutted this property and rebuilt, keeping only the foundations. Many of the light fittings, like this one, are custom made.There are four main living levels, with the children’s bedrooms downstairs, the open-plan kitchen, living and dining on level two, and the master suite on level three. On level four is a 70sq m space currently used by Ms Hurley as an office, but it could be converted into an additional two bedrooms and a bathroom. The house has a neutral colour palette with timber features warming the rooms.Soak in your choice of indoor and outdoor baths, carved from riverstone, or kick back in the pool. The riverstone bath is one of the home’s many highlights.More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agoThe house, at 76 Main Ave, Balmoral, is spread across several levels, and has one of a kind features, such as handmade light fixtures and fittings.center_img The house at 76 Main Ave, Balmoral, is for sale.Coralie Hurley designed this house to be timeless with an earthy twist. There is another stone bath outside that doubles as a water feature.Splashing around with her grandchildren in the outdoor bath was one of her favourite memories.“I empty it out and put fresh water in it, and we all jump in together and have a bubble bath.”The property is being marketed by Trevor Egan of Ray White East Brisbane.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenStarting your hunt for a dream home00:51last_img read more

first_imgBristow Group, a helicopter services provider for the offshore oil and gas industry, has voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. A Bristow helicopter; Author: Ronnie Robertson – under the CC BY-SA 2.0 licenseAnnouncing the filing on Saturday, May 11 Bristow said it intended to use the proceedings to restructure and strengthen its balance sheet and achieve a more sustainable debt profile, while continuing to provide industrial aviation services to its clients well into the future.All of Bristow’s businesses are operating in the ordinary course and are anticipated to continue to do so for the duration of the Chapter 11 process. The Chapter 11 filings pertain to certain of Bristow’s legal entities in the United States and two of its Cayman Islands subsidiaries.Bristow’s other non-U.S. entities, including those holding Bristow’s non-U.S. air operating certificates (AOCs), are not included in the Chapter 11 filings.L. Don Miller, President and Chief Executive Officer of Bristow Group Inc., said, “After working diligently with our advisors on a thorough review of strategic financial alternatives, the Board of Directors and management concluded that the best path forward for Bristow and its stakeholders is to seek Chapter 11 protection. This process will allow us to strengthen our balance sheet, achieve a lower and more sustainable debt level and emerge as a stronger company. We have the support of the overwhelming majority of our parent company senior secured noteholders, with whom we have entered into a Restructuring Support Agreement that will help to de-lever our balance sheet, and we are actively working with other important stakeholders as we enter this process.”Miller continued, “We expect to execute a prompt and efficient reorganization, and to emerge from this restructuring process as a stronger company that is an even better business partner, employer and trusted service provider.”To ensure its ability to continue operating in the ordinary course of business, Bristow has filed customary motions with the Bankruptcy Court seeking a variety of “first-day” relief for the filing entities, including authority to pay employee wages and benefits, vendors and suppliers in the ordinary course for goods and services provided after the Petition Date.In addition to executing the Restructuring Support Agreement with the company, certain senior secured noteholders made a $75 million term loan to the company prior to the court filing, and provided a commitment for a further $75 million in debtor-in-possession (DIP) financing that would be available upon court approval. The financing package provides Bristow with capital that enables the company to fund its global operations and make continued investments in safety and reliability during the Chapter 11 reorganization proceedings.The following eight entities are included in the filing: Bristow Group Inc., BHNA Holdings Inc., Bristow Alaska Inc., Bristow Helicopters Inc., Bristow U.S. Leasing LLC, Bristow U.S. LLC, BriLog Leasing Ltd. and Bristow Equipment Leasing Ltd.Notice from NYSEPrior to Bristow’s filing for the Chapter 11, the company on May 7 received a continued listing standard notice from the New York Stock Exchange (NYSE) because the average closing price of its common stock over a prior 30 consecutive trading day period had fallen below $1.00 per share, which is the minimum average closing price per share required to maintain listing on the NYSE.Under the NYSE rules, Bristow has a period of six months following the receipt of notice to regain compliance.Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Offshore Energy Today, established in 2010, is read by over 10,000 industry professionals daily. We had nearly 9 million page views in 2018, with 2.4 million new users. This makes us one of the world’s most attractive online platforms in the space of offshore oil and gas and allows our partners to get maximum exposure for their online campaigns. If you’re interested in showcasing your company, product or technology on Offshore Energy Today contact our marketing manager Mirza Duran for advertising options.last_img read more

first_imgThe charges are the latest in a series of aggressive Trump administration actions targeting China. (AP) The indictment does not accuse the two Chinese defendants of actually obtaining the coronavirus research, but it does underscore the extent to which scientific innovation has been a top target for foreign governments and criminal hackers looking to know what American companies are developing during the pandemic. In this case, the hackers researched vulnerabilities in the computer networks of biotech firms and diagnostic companies that were developing vaccines and testing kits and researching antiviral drugs. WASHINGTON – Hackers working with the Chinese government targeted firms developing vaccines for the coronavirus and stole hundreds of millions of dollars worth of intellectual property and trade secrets from companies across the world, the Justice Department said Tuesday as it announced criminal charges.center_img In this March 22, 2019 file photo, an American flag flies outside the Department of Justice in Washington. The Justice Department has accused two Chinese hackers of stealing hundreds of millions of dollars of trade secrets from companies across the world and more recently targeting firms developing a vaccine for the coronavirus. APlast_img read more

first_imgWigan boss Roberto Martinez is not losing any sleep over how to stop Gareth Bale on Saturday afternoon. He added: “We all agree Bale is one of the best players in world football. He will always bring an extra threat. “But if you want to beat a team like Spurs, with Gareth Bale or not, you need a very good level of performance.” After years of scrapping for survival, a nagging feeling persists that events are conspiring against Wigan. Alcaraz’s absence is a hammer blow and while a first appearance in the FA Cup final – against Manchester City next month – will be an experience to savour, the fact it comes at the end of a week which includes fixtures against West Brom and Swansea makes their run-in exceptionally hazardous. Typically though, Martinez retains an unshakeable confidence in his troops, which comes from so many similar battles. “Every season is different,” he said. “There is an inner confidence that comes from your own experience. “The players went through it in the last campaign and they went through it two years ago when it went down to the last game of the season. That is part of our aim. We have to stay in the Premier League. That is what we want to achieve.” The brilliant Welshman recovered from an ankle injury in time to face Manchester City last weekend, and scored his 18th league goal of the season as Tottenham rallied to win 3-1. That came 24 hours after Martinez had seen key defender Antolin Alcaraz limp out of his own side’s defeat at West Ham with a hamstring injury. “Tottenham can only play with 11. They can’t play with 13 or 14,” Martinez said. “If Gareth Bale didn’t play it would just be someone else and their squad is of the highest level, so it is not as if it would be substantially easier for us if he wasn’t there.” center_img Press Associationlast_img read more

first_imgELLSWORTH — The Down East Family YMCA Dolphins posted their best-ever Maine Swimming International Invitational finish when they placed second at the meet in Saint John, N.B.DEFY took first place in 21 individual events and four relay events. The Dolphins also broke 24 team records in the meet, which was held July 13-15 and featured teams from New England and New Brunswick.Nineteen-year-old Talor Hamilton set records in the boys’ 50- and 100-meter butterflies, 50-meter freestyle and 100-meter backstroke He also earned a first-place finish in the 200-meter backstroke.Colin Aponte and Nick Partridge also set multiple records for DEFY in their respective age groups. Aponte, 12, did so in the 50-meter backstroke, freestyle and butterfly, and Partridge accomplished the feat in the 50- and 100-meter breaststrokes.This is placeholder textThis is placeholder textOther first-place finishers for the Dolphins were Sam Alvarado, Camden Holmes, Cooper Holmes, Richie Matthews, Ava Sealander and Hannah Wood.last_img read more