Share:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window) JAMESTOWN – A traffic stop Thursday afternoon on Water Street at Foote Avenue resulted in the seizure of a quantity of crystal methamphetamine, fentanyl, drug paraphernalia, cash and an illegal metal knuckle knife, according to the Jamestown Police Department.Image by Jamestown Police.Police say 147 grams of crystal meth and 2.6 grams (14 bags) of fentanyl were seized. Officers charged Richard J. Catanese, Jr., 31, with two counts of third-degree criminal possession of a controlled substance, criminally using drug paraphernalia and third-degree criminal possession of a weapon.Christine M. Park, 33, a passenger in the vehicle, is charged with seventh-degree criminal possession of a controlled substance after she was allegedly found to possess a quantity of crystal methamphetamine.Police say Catanese was also wanted as a Parole Absconder and is currently in the city jail awaiting arraignment on the felony drug charges. Anyone who may have information on the illegal sales and trafficking of narcotics in the Jamestown area is asked to contact the Jamestown Metro Drug Task Force Anonymous Tip Line at 483-Tips (8477) or via the Tips 411 App. All Tips are kept confidential.
A recent survey of state food hubs conducted by researchers at the University of Georgia College of Agricultural and Environmental Sciences, found that Georgia is busy—through small groups of farmers — providing the large amounts of local produce needed to grow local markets. Small-scale farmers can sell directly to consumers, but a growing number find they have too much produce for a farmers market or a community supported agriculture system but not enough to meet the needs of restaurants, schools or grocery stores. That’s the purpose of a food hub—to pull these small and medium size farms together, so they can pool their products to fill large orders. The survey, which was completed this summer, is the first step in a Georgia Sustainable Agriculture Consortium plan, led by UGA Cooperative Extension, to support the development of new food hubs. It found that farmers and entrepreneurs across the state—whether they called themselves food hubs or not—are already coming up with partnerships to help meet the consumer’s demand for local produce. “Agriculture is Georgia’s No. 1 industry,” said Julia Gaskin, a sustainable agriculture coordinator for the UGA College of Agricultural and Environmental Sciences who directed the recent survey. “There is a demand for local food and limited infrastructure for small and mid-size farms to access wholesale markets. Food hubs have the potential to make this link, increase the viability of these farms and create jobs.” For the purpose of the consortium’s food hub survey, Gaskin and other researchers defined food hubs as organizations that brought together five or more farmers and had a wholesale component. They found eight of these organizations in Georgia: Seven are private businesses and one is a farmers’ cooperative. The hubs ranged from a small group of farmers in Glennville, who started growing greens and field peas to supply the needs of local schools, to White Oak Pastures in Bluffton, a beef cattle processing operation that works with a group of local cattle farmers to supply grass-fed beef to Publix and Whole Foods stores in Georgia. Researchers also found about 24 groups are at some stage of developing some type of food hub organization for their area. The consortium’s next step is to analyze a survey of farmers’ needs to determine what would help them develop strong food hub systems similar to the ones that already exist. A report on that data will be available in November. For more information on the food hub survey, see www.caes.uga.edu/topics/sustainag/gsac/FoodHubStudy.html. For more information on the Georgia Consortium for Sustainable Agriculture, see www.caes.uga.edu/topics/sustainag/gsac/index.html .
Auxence Muhigwa Akonkwa, a Fellow from the Democratic Republic of Congo in central Africa, will visit the University of Georgia Tifton campus through the Mandela Washington Fellowship for Young African Leaders program.While at UGA-Tifton, Akonkwa will participate in UGA Professor Greg Fonsah’s banana research; study the complete fresh-food market value chain, including fruits, vegetables and soybeans; attend research and UGA Cooperative Extension field days and lectures; collect production, marketing and postharvest data; and learn to develop business plans and economic analyses.Akonkwa will also audit Fonsah’s “Agricultural Selling” class and give a presentation on his experience in Georgia to faculty and students at the end of the fellowship.The fellowship began on Aug. 6 and will conclude on Sept. 14.“I am extremely excited to be part of this distinguished Mandela Washington Fellowship program for Young African Leaders. I am equally happy that the University of Georgia and the College of Agricultural and Environmental Sciences (CAES), in particular, have been recognized as one of the leading land- and sea-grant universities capable of providing the necessary expertise needed by these future African leaders,” Fonsah said.Launched in 2014, the Mandela Washington Fellowship is the flagship program of the Young African Leaders Initiative (YALI), a program of the U.S. Department of State’s Bureau of Educational and Cultural Affairs. The program fosters closer relations and empowers young African leaders through academic coursework, leadership training and networking opportunities.“The Mandela Washington Fellows are carefully selected through a rigorous vetting process based on their exceptional leadership qualities and look to university faculty for guidance and mentoring,” said Amrit Bart, assistant dean and director for the CAES Office of Global Programs. “Dr. Fonsah demonstrates the strong role our college plays in nurturing future global leaders in Africa and around the world.”Selected from a pool of more than 37,000 applicants, this year’s 700 highly accomplished Fellows are leaders in public service, business, civil society, education, agriculture and other fields. These young leaders, between the ages of 25 and 35, play a role in strengthening democratic institutions, spurring economic growth, and enhancing peace and security in Africa.The 2018 Fellows participated in academic and leadership institutes at 28 campuses across the U.S. through the end of July. Akonkwa is one of 100 Fellows chosen to remain in the U.S. to take part in professional development experiences.
Another insurance company walks away from Adani’s Carmichael coal mine project in Australia FacebookTwitterLinkedInEmailPrint分享The Guardian:Another major insurer that was providing cover for the Adani Carmichael coalmine project in Queensland has said it will not be renewing policies with the coal project.Aspen Insurance is the fourth of Adani’s underwriters to walk away from the major mine and export rail project currently being constructed in the Galilee basin. Last week, three former insurers – AXA XL, Liberty Mutual and HDI – all confirmed they would not continue previous insurance policies on the project.In a statement, Aspen Insurance said: “Aspen can confirm that it will not be renewing any insurance policies associated with the Adani Carmichael mine. As a business, Aspen understands the importance of environmental, social, and governance issues and we review our underwriting approach on an ongoing basis as part of this.”Guardian Australia understands Aspen’s business with Adani had been under review sometime after the ownership of the business changed hands in February 2019.The Adani mine has faced relentless pressure from campaigners. Companies associated with the project have been targeted by groups who say associating with the coalmine risks causing “reputational damage” because of the contribution of burning coal to the climate crisis.The mine and railway are the first project to target the massive but as-yet untapped coal reserves in the Galilee Basin. Campaigners fear the Carmichael mine, approved by the state and federal governments, will be the first of several coal mines to develop the region.[Graham Readfearn]More: Adani mine: fourth major insurer declines to renew policies with coal project
82SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Art Harper Dr. Arthur (Art) Harper is the director of card payment solutions at PSCU. Leading the EMV initiative at the company that is certified and was the first to issue debit … Web: www.pscu.com Details As EMV technology becomes more prominent and the October liability shift deadline approaches, it is increasingly important to make sure all credit unions are prepped to communicate the change to their members to minimize confusion and/or complaints.As leading provider of debit and credit EMV cards, PSCU is working with credit unions to provide useful and up-to-date information. To effectively communicate the power of EMV, we have found it is very important to first educate credit union staff. Here are some best methods for bringing everyone on the team up to speed:Share locations: Educate staff with clear and concise information about EMV locations, including which countries are PIN centric and what U.S. locations have enabled their POS terminals to accept EMV cards. Make sure to provide updates along the way as more locations adopt the technology.Be transparent: Let your staff know that this transition is a living educational process and there will be changes over the next few years as we move through the various stages of the liability shift. There will likely be adjustments and modifications along the way as more adopters come on board.Share personal experiences: Since your internal test group has worked with the technology firsthand, encourage them to provide information and specific examples on their experiences, both positive and challenging. They will have important inside knowledge that will give staff a comprehensive, unbiased look at the technology.Stay positive: With any payment change process, we will always be learning as we go. There will likely be kinks at the start that will eventually get worked out. Remind staff to keep a positive attitude and avoid becoming frustrated.Cover all bases: If you did a mass reissue of members’ cards, it is important to cover this topic when speaking with staff. Advise everyone to remind members they will need to update any reoccurring payments with their new card number if it was changed.Once your staff is up to speed on EMV and can clearly and confidently communicate important information, they are ready to educate members. Here are some best methods for relaying the facts quickly and efficiently:Outline information: Place pertinent information directly on the card carrier outlining what the EMV card is and how it will benefit each credit union. Make sure your call center is ready to answer any questions that may arise during the transition.Provide updates: Let members know that not all merchants will accept EMV by October, and that some may never choose to upgrade to the technology. Provide new information and updates to members about participating merchants as it becomes available.Update your website: Make sure to include information on your website, providing basic facts about EMV, where EMV can be used, what to do when you’re overseas, links to instructional videos, etc. Then give members an insert with the card carrier that directs them to your website for additional information and guidance. Be sure to continually update your site as new information becomes available.Remember that at the end of the day, it’s all about the consumer experience. Consumers value doing business with companies that are transparent and consistently look out for their best interests. If you are providing your members with clear and concise information that they can easily read and understand, you can effectively position your card to be at the top of each member’s wallet.
For storage, Oppo has equipped the phone with 128GB of non-expandable UFS2.1 storage. Connectivity options include dual-band Wi-Fi, dual-mode 5G, GPS, Bluetooth 5.0, a 3.5mm headphone jack, and a USB Type-C port for charging. Sensors onboard Oppo K7x include geomagnetic sensor, ambient light sensor, proximity sensor, gyroscope, and acceleration sensor. There is a side-mounted fingerprint scanner as well. Oppo K7x is backed by a 5,000mAh battery with support for 30W fast charging. The phone measures 162.2×75.1×9.1mm and weighs 194 grams.Is OnePlus 8T the best ‘value flagship’ of 2020? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below. Oppo K7x has been launched in China as the company’s latest 5G smartphone. The phone was first teased last month and has now been made official. Oppo K7x boasts of impressive features such as a display with high refresh rate, quad rear cameras, and an octa-core processor. It is offered in two colour options and a single RAM and storage configuration. Oppo K7x also comes with support for fast charging and Oppo’s Hyper Boost 3.0 technology that can improve performance when gaming.Oppo K7x priceOppo K7x is priced at CNY 1,499 for the lone 6GB + 128GB storage variant. The phone comes in Black Mirror and Blue Shadow colour options. It is currently up for pre-orders in China and will go on sale starting November 11.- Advertisement – – Advertisement – As of now, there is no information on the phone’s international availability, including the Indian market.Oppo K7x specificationsThe dual-SIM (Nano) Oppo K7x runs ColorOS 7.2 based on Android 10. It features a 6.5-inch full-HD+ (1,080×2,400 pixels) display with 90Hz refresh rate, 180Hz touch sampling rate, and 90.5 percent screen to body ratio. It comes with 405ppi pixel density, 600 nits of peak brightness, and Corning Gorilla Glass 3 protection. Oppo K7x is powered by the octa-core MediaTek Dimensity 720 SoC and ARM NATT MC3 GPU, paired with 6GB of LPDDR4x RAM.Speaking of photography, the phone features a quad rear camera setup that includes a 48-megapixel primary sensor with a 1/1.7 lens, an 8-megapixel sensor with an f/2.2 ultra-wide-angle lens, a 2-megapixel macro shooter with f/2.4 aperture, and a 2-megapixel black and white sensor with an f/2.4 lens. At the front, Oppo K7x comes with a 16-megapixel selfie shooter with f/2.0 aperture, housed inside a hole-punch cutout.- Advertisement – – Advertisement –
If progress continues as it has, renewable sources will provide 15 percent of Indonesia’s energy mix by 2025, well below the country’s 23 percent target for that year, according to the Institute for Essential Services Reform (IESR).A recent study by the institute predicted that in such a business-as-usual situation, renewable energy would make up only 23 percent of the country’s energy consumption by 2050. The National General Energy Planning (RUEN) road map stipulates that green energy should make up 31 percent of the mix by that year.The IESR has urged the government to revise the RUEN’s “disproportional” targets. IESR researcher Agus Tampubolon said they were based on incorrect economic assumptions in a statement on Wednesday. However, the DEN forecasts that only 21 percent of the country’s energy consumption will be from renewables by 2025. The Agency for the Assessment and Application of Technology (BPPT) predicts just 13 percent. “We have many scenarios, but we can’t just put out a new vision,” said DEN policy head Sugeng Mujiyanto on Tuesday in defense of the existing targets.The government policy emphasizes the use of bioenergy, particularly palm oil-mixed biodiesel, to meet RUEN targets. This year, the government escalated Indonesia’s mandatory biodiesel blend from 20 percent to 30 percent.Mandating the use of pure biodiesel (B100) starting in 2030, replacing half of all cars with electric cars by 2050 and connecting half of all urban homes to gas pipes by 2050 would cause renewable sources to make up 40 percent of the country’s energy mix by 2050, exceeding the RUEN target, the IESR study found.President Joko “Jokowi” Widodo and his ministers have announced grand plans to that effect, starting with the mandatory use of B40 next year, but associations and experts have raised concerns over mounting hurdles. “I think B40 can only start from 2022 onwards because Pertamina and other businessmen have said they need more time to build refineries,” said Indonesian Palm Oil Association (Gapki) secretary-general Togar Sitanggang on Monday at a webinar hosted by Bimasena.The Energy and Mineral Resources Ministry was making “extraordinary efforts” to push renewables in the power industry, said Sutijastoto, the ministry’s renewable energy director general, during Monday’s webinar.He mentioned the drafting of a regulation on green electricity prices and a green energy law that would “level the playing field” between renewable and nonrenewable energy industries.In August, the International Energy Agency (IEA) urged the government to make key regulatory reforms to open access to investment in renewables, including by issuing a Presidential Regulation on green energy pricing to enable more privately owned renewable energy companies to enter the domestic market.Read also: Regulatory reform key to post-pandemic green energy investment, IEA saysThe IESR study offered a best-case scenario where the government phased out coal-fired power plants, causing the renewables mix to rise to 69 percent by 2050.Under such a scenario, the government would ban the construction of new coal plants starting in 2025, would decommission those over 30 years old and would successfully execute a plan to swap out fossil-fuel power plants with green energy plants.However, the Energy Ministry unveiled a four-year road map last month to set aside increasing amounts of locally mined coal for coal plants until 2024.Topics : The study adds to a growing body of evidence that Indonesia’s energy transition is moving too slowly and that without major policy changes, the country will miss its long-term green energy commitments. Regulations stipulate that Indonesia should have reached 17.5 percent renewable energy by 2019, but only 12.36 percent of the country’s energy use that year came from renewable sources.The forecasts highlight the country’s reliance on conventional fossil fuels, reflected in a number of government policies, such as caps on fossil fuel prices and purchase guarantees for coal plants.The National Energy Board (DEN), which oversees the RUEN, estimates that Indonesia’s green energy mix, expressed in million tons of oil equivalent (mtoe), was 9.15 percent last year, markedly higher than the 4.4 percent in 2015, when the road map was instated.
Mr Christopher admitted Mr Morrison had had little time as prime minister to influence the housing market, but said his role in capacity as federal treasurer early this year and last year did have an influence. “Last year, Morrison signed off on cutting some of the negative gearing benefits such as travel cost deductions and plant and equipment depreciation,” he said.“Arguably this was a double whammy for the investor market as it was also dealing with new lending restrictions.”6. Donald Trump, US PresidentMore from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours ago RBA governor Philip Lowe speaking at an ASIC forum.Dr Philip Lowe takes the top spot because he is the most significant individual setting interest rates, according to SQM Research head Louis Christopher. “No other economic variable has more impact on the level of property demand than interestrates, and Dr Lowe chairs the RBA board meetings that set the crucial cash rate attheir monthly meetings,” Mr Christopher said.“He’s well connected with those in government and financial markets, and since he is head of the central bank, everyone listens to what he has to say. “It’s fair to argue that he has more power over the property market than anyone else in Australia, and his power comes without any of the rhetoric that comes with thepoliticians who feature further down our list.”Mr Christopher said he believed Dr Lowe had also influenced APRA’s clamp down on investor lending.Looking ahead, Mr Christopher expects Dr Lowe to have a significant influence over home prices in 2019. “Will he cut rates to stop a potential housing crash?” he said. “Will he lean on APRA to loosen lending once again? “Would he introduce quantitative easing in a worse-case scenario? “Will he warn the Prime Minister of impending recession? “Or will he do nothing and let market forces take their course?“Overall, there are multiple scenarios that could play out next year and Dr Philip Lowe will be very much a main conductor to the events that will unfold.”2. Wayne Byres, APRA Chairman Federal Opposition Leader Bill Shorten speaks to the media during a news conference. Image: AAP/Paul Braven.Negative gearing is proving to be one of one of the key election issues for 2019. If Bill Shorten wins the election next year, his threat to disallow negative gearing and reduce capital gains tax concessions has property investors worried. Mr Christopher said any change to the negative gearing rules would significantly cut demand for investment properties and, therefore, dent property prices. “One of the reasons property prices are so high in Australia is because investors underpin about one-third of all residential property purchases,” he said. “Reduce that demand and Shorten would chip away at the floor under property prices. “Indeed, it is possible that as the downturn has deteriorated in late 2018, investors may well be eyeing the ramifications of the next election now.”10. Mark Steinert, Stockland CEO US President Donald Trump points to the media as he speaks during a campaign rally in Charlotte, North Carolina. Photo: AP/Chuck Burton.As arguably the most powerful man in the world, Donald Trump is on the list for goodreason, according to Mr Christopher.“He is responsible for the US Government’s economic policies and therefore hasa big influence on the growth of the global economy and the level of global marketinterest rates,” he said.“Trump’s big spending and revenue economic policies in the world’s largest economy, such as the massive company tax cuts introduced at the beginning of 2018, have put upward pressure on US Bond yields and therefore interest rates globally. “This, in turn, has forced some of Australia’s big banks to raise mortgage lending rates outside of the RBA because their funding costs have increased.”In September, all major banks except for NAB lifted mortgage rates by 15 to 18 basis points, citing overseas lending cost increases.Mr Christopher said he believed the direction of the US economy also set global economic sentiment. “Any US economic growth boom boosts global growth because the US is simply so large,” he said. “This influences demand for Australian exports, which can directly influence the fortunes of some of our cities, such as Perth, Darwin and Hobart, in particular.” There is also an inflationary impact, according to Mr Christopher.“Higher inflation can pressure interest rates higher and therefore reduce demand for property,” he said.“We see this as the key risk in 2019 — the banks being forced again to lift interest rates based on higher international lending costs and the RBA staying put despite the probable rise in inflationary pressures, which would most certainly happen if our currency were to fall.”7. Gladys Berejiklian, Premier of NSW Victorian Premier Daniel Andrews addresses the media at the Wangaratta Hospital in North East Victoria. Image: AAP/James Ross.Daniel Andrews has a major influence on the release of land for housing and urban planning and development. Mr Christopher said the release of more land for housing would boost supply and therefore help to reduce Victorian property prices. He also believes tax policy has had a big impact in Victoria. “In 2017, Andrews introduced a stamp duty exemption for first-home buyers who purchase properties valued up to $600,000, plus stamp duty concessions for homes worth up to $150,000 more,” Mr Christopher said. “This move has given a big boost to first-home buyer demand and supported the value of properties in Melbourne through to the end of 2017.”Figures from Victoria’s State Revenue Office have been interpreted as showing that the exemption helped underpin 17,090 home purchases between July 1, 2017, and February 28, 2018. In the same period a year earlier, there were just 9834 first-home buyers.Mr Christopher said the Andrews government had also clamped down on foreign buyers by lifting a stamp duty surcharge on foreign buyers to 7 per cent from 3 per cent in 2016 and introducing a tax on vacant homes last year. 9. Bill Shorten, Federal Opposition Leader Stockland managing director Mark Steinert. Photo: Hollie Adams/The Australian.Stockland is one of the country’s largest residential developers with a long track record of creating some of the best masterplanned communities across the nation. The company has a combined development pipeline of more than 82,000 residential lots and 3000 retirement units in key growth corridors.Steinert has real connections inside governments at all levels, both federal and state, and strong views on housing and taxation policy, according to Mr Christopher. “Last year, Steinert argued for curbs to negative gearing, in de facto support of Labor’s policy to curb concessions,” he said.“Abolishing negative gearing on established homes could be a boon for developers of new properties, which would put Mark and his company in a box seat. “So as the election gets closer to the day, we expect Mark to be advocating with force.” Gladys Berejiklian speaks on stage during the Invictus Games opening ceremony in Sydney. Image: AAP/Brendon Thorne.Gladys Berejiklian has the power to set the rate of stamp duty, to applyexemptions or concessions and to control the release of land which affects property supply and demand.“While the threat of a new smoke stack from an underground road may kill demand for property in a certain area, the promise of better roads or public transport can give it new life,” Mr Christopher said.“Just consider the light rail project in Sydney’s CBD and eastern suburbs. “While construction of the rail line has been delayed by a year — greatly inconveniencing millions of people — eventually that transport connection will boost demand for homes located near it. “Property owners just need to be patient to realise those gains and hope that in the meantime they won’t get caught in one of the traffic jams that are now a feature of life in the eastern suburbs near the route.”Last financial year, NSW reportedly netted more than $7.3 billion in stamp duty. Mr Christopher said that while stamp duty was a big revenue winner for the state, it was also a big killer of property demand in Sydney.“With the downturn, it is very likely stamp duty revenues for FY19 could be cut by up to one-third, potentially putting the state budget heavily back into deficit,” he said.“This will no doubt be felt on Macquarie Street, and with an election looming, could Gladys attempt to stimulate the market next year?”8. Daniel Andrews, Premier of Victoria Prime Minister Scott Morrison. Picture: Kym Smith.Prime Minister Scott Morrison has power over many economic variables, includinggovernment spending, immigration and the taxation laws that allow negative gearing. Mr Christopher said all of those factors affected property prices one way or another.“Morrison also has the final say over government spending,” he said.“This can influence property prices directly, through infrastructure projects such as airports, and indirectly through expansionary government policies that can boost employment, putting money into people’s pockets to buy homes.” MORE: Beach house sells for $14m US President Donald Trump and First Lady Melania Trump. Photo: Mandel Ngan/AFP.HE doesn’t even live here and has no property developments here, but Donald Trump has been named one of the top 10 movers and shakers in the Australian housing market.The US president comes in at number 6 on a list put together by independent property researcher SQM Research, identifying the top individuals they believe have moved housing prices in 2018 — and may move them again in 2019 — with just the stroke of a pen or a spoken word.One thing they have in common is that they are all trying to make their mark, or make money, from one of the most talked about assets — property. RELATED: Brisbane house prices to rise 11pc Westpac CEO Brian Hartzer speaking during a hearing of the House Economics Committee at Parliament House in Canberra. Image: AAP/Lukas Coch.Westpac is Australia’s second largest residential mortgage lender behind the CBAand it too has been raising interest rates outside of the RBA’s moves. “Not only have the decisions by the big bank CEOs to raise home mortgage rates impactedtheir own customers, but they have also set an example for many smaller lenders,which have also raised their own rates independently of RBA moves,” Mr Christopher said.“Westpac, in September, gave some of its riskier property investor customers less than a month to find another lender amid growing concerns about loan defaults. “The bank reportedly sent letters to property investors warning it can ‘no longer support our commercial relationship with you’.”If you curb demand for property from investors, then you are taking away a significant support for house prices, Mr Christopher said.5. Scott Morrison, Australian Prime Minister TOP 10 MOVERS AND SHAKERS IN AUSTRALIAN PROPERTY IN 20181. Philip Lowe, Reserve Bank of Australia Governor Commonwealth Bank CEO Matt Comyn speaking during a hearing of the House Economics Committee at Parliament House in Canberra. Image: AAP/Lukas Coch.The big banks’ influence on mortgage lending, and therefore property demand, hasincreased significantly since they started to raise interest rates independently of thecentral bank, according to Mr Christopher.“The RBA controls the cash rate, which sets a floor under the whole interest rate structure of the Australian economy,” he said. “The cash rate used to be the sole factor that could influence rates, but the big bank heads have now taken that power to themselves by raising rates even when the cash rate has not moved.”Mr Christopher said Matt Comyn led the list of influential bank CEOs because the Commonwealth Bank was the nation’s biggest residential mortgage lender. “Overall, we see there is still risk of further credit restrictions adopted by the banks in 2019, such as the additional cross check on loan applicants stated expenses.”4. Brian Hartzer, Westpac Bank CEO APRA chairman Wayne Byres speaking at Finsia event. Photographer: Adam Yip.Wayne Byres was appointed chairman of the Australian Prudential Regulation Authority (APRA) in 2014 for a five-year term. He has overseen the setting of tighter controls on bank lending to residential property investors.By raising lending standards on investment loans, Mr Christopher believes APRA has had a big impact on investor demand for property. “Its power as a regulator gives it huge influence on the demand for property loans and as a result, on the demand for property,” he said.“The trigger to this current downturn can be placed back to the point in March 2017 when APRA announced that there was going to be a major crack down on interest only lending. “At the time, interest only lending represented 40 per cent of all new loans written. “Wayne wanted the number to come down to 30 per cent. “That effectively created an ‘embargo’ on most investment lending, which subsequently smashed housing demand.”Mr Christopher said Mr Byres might have a quiet year in 2019 because APRA had recently stated it believed its actions had improved lending standards in the banking sector.3. Matt Comyn, Commonwealth Bank Australia CEO
Great Lakes Dredge & Dock will begin mobilizing land- and water-based pipe, heavy equipment, personnel, etc. towards the latter parts of February, and although the schedule is tentative, the Post Florence Renourishment Project could begin the first week of March, reports the Carteret County Shore Protection Office.The Post Florence scheme will utilize 945,446 cubic yards of sand obtained from the Offshore Dredged Material Disposal Site (ODMDS) associated with Morehead City Federal Navigation Project.According to the County, Emerald Isle, Indian Beach and the unincorporated area of Salter Path will receive 617,131 cy, 271,905 cy, and 56,410 cy, respectively along 5.2 miles of shorelines in three discrete reaches.The plans call for the project to be conducted between the March 1 to April 30, 2019, with the construction window established to limit impacts to biological resources.The County officials also added that the ocean-certified, self-contained hopper dredges Liberty Island and Ellis Island will be employed for the project.GLDD will utilize the area near the “Dog Leg” 4WD Ramp in Emerald Isle as their main equipment staging facility and point of beach access for heavy equipment.
Let Us Pause To Honor the Memory of Mr. William Lee “Bill” Smock Mr. William Lee “Bill” Smock , age 85, of Canaan, Indiana, Bill entered this life on May 26, 1932 in Ripley County near Osgood and was raised in the Catholic faith. He was the son of the late Temple and Helen Abplanalp Smock. Bill graduated in 1950 from Osgood High School and attended University of Cincinnati. He was inducted into the United States Army on December 1, 1952 in Indianapolis, Indiana during the Korean War. He rose to the rank of corporal serving in the 16th finance disbursement section. He was honorably discharged on November 30, 1954 at Fort George Meade, Maryland receiving the National Defense Service Medal and the Good Conduct Medal. On September 29, 1956 Bill was united in marriage to Carol Greta Bushhorn at the Rectory at St. Charles Catholic Church in Milan. This happy union of 61 years was blessed with daughters, Cate and Sue and sons, William, John, James, Andrew, Robert and Kelly Ross. He first worked as a draftsman for General Electric in Cincinnati designing jet engines. He then co-founded and co-operated with his wife, Smock Material Handling since the Fall of 1970 in Indianapolis and was a very successful engineer. He was proud that all six sons operate the company today. In 1977 he and Carol purchased a farm on Hick’s Ridge in Jefferson County that he later found out that his great grandfather had owned previously. He enjoyed bringing his large family to the farm on weekends and special occasions until he and Carol were able to retire there in 1997. Another proud achievement was Bill was able to sponsor a race car and driver, Jerry Sneva in the 1978/1979 Indy 500. Bill was a devoted husband, loving dad, grandpa and great grandpa. Bill died on Sunday, February 18, 2018, at 1:30 a.m. at the River Terrace Health Campus in Madison, Indiana.A LOVING FAMILY Bill will be missed by his loving wife of 61 years, Carol Greta Bushhorn Smock of Canaan, Indiana; his loving daughters, Cate Smock and her husband, John Egan of Durango, Colorado, Sue Smock-Lawson and her husband, David of Evanston, Illinois; his loving sons, William B. Smock and his wife, Jennifer Deleonardis of Carmel, Indiana, John T. Smock and his wife, Tina of Brownsburg, Indiana, James Smock and his wife, Kristine of Zionsville, Indiana, Andrew Smock and his wife, Suzanne of Indianapolis, Indiana, Robert Smock and his wife, AnaLu of Carmel, Indiana, Kelly Ross Smock and his wife, Anne of Franklin, Indiana; 27-grandchildren; 2-great grandchildren; his sisters, Betty Castner of Versailles, Indiana, Donna Siebert of Batesville, Indiana; several nieces, nephews and other relatives. He was preceded in death by his father, Temple Smock, his mother, Helen Abplanalp Smock, and his brother, James Smock. MEMORIAL CEREMONY Memorial services will be conducted Saturday, February 24, 2018, at 1:00 p.m., by Father Christopher A. Craig at the Morgan & Nay Funeral Centre, 325 Demaree Drive in Madison, Indiana. VISITATION Friends may visit Saturday from 12:00 Noon – 1:00 p.m. at the Morgan & Nay Funeral Centre, 325 Demaree Drive in Madison, Indiana.FLAG PRESENTATIONA flag presentation will be conducted on Saturday at the Morgan & Nay Funeral Centre by Fort Knox Ceremonial Unit.MEMORIAL EXPRESSIONS Memorial contributions may be made to the Charity of the Donor’s Choice. Cards are available at the funeral home. Online condolences, www.morgan-nay.com