WILMINGTON, MA — Wilmington Apple recently caught up with Wilmington Police Chief Joe Desmond, who was appointed to the position on Monday, July 15.Below is part two of a two-part interview. (Read part one HERE.)Question #1: In Town Manager Hull’s initial FY2020 budget, he had budgeted for 4 new police officers, with the hope of adding an additional 4 down the road, allowing for the creation of a fourth police sector in town. Those plans were placed on hold, in part, over staffing needs of the Fire Department. The Police Department hasn’t seen a new officer position added since FY2008. Will the Police Department be getting some new staffing in the near future?Chief: “We think so. There’s only one pie. The Finance Committee has a difficult job to do in picking which priorities to fund each year. I helped Chief Begonis with that staffing plan. We’re certainly willing to work with the Finance Committee and come up with solutions. I think with our responsibilities and the advent of defibrillators and Narcan, the more people we have out on the street, the quicker our response can be. The town is a wonderful town, but because it’s so wonderful, it’s growing rapidly, and we want to be able to maintain the level of service we always do. With that, we’ll need more men, and that unfortunately costs money.”Question #2: Do you think the School Resource Officer program will be expanded to the lower schools? Chief: “Like with anything else, you want to prioritize with the staffing levels that you have. We’ve always felt that an officer in the schools is a very valuable thing. I think the schools will back that up. They rely on us heavily. Our school resource officers get phone calls asking for advice on how to deal with certain things. DARE has taken a back seat as some studies have shown it wasn’t getting a bang for its buck. I certainly look forward to looking at things to see if there is a place for another school resource officer.Question #3: Do you ever see the K9 program being brought back?Chief: “That was a very successful program, but that’s one of those things where you have to pay for the main course before you can get dessert. Unfortunately, until we can offer the necessary staffing levels, it would be difficult to do that at this point because of the training involved. Once we pick a K9 officer, it’s a 6 month training and then more specialized drug training. That officer off the line for awhile. The answer is YES, we look forward to looking at the possibility of getting that back because it was so successful. Eric Palmer was great at it. The dogs he had were fantastic. And it helps the reputation of this police deparmtent in many ways, not only community outreach but actual law enforcement.”Question #4: How do you feel the Department is doing combating the opioid epidemic and helping those struggling with addiction and their families? Chief: “We’ve hired Samantha Reif and she’s been outstanding. We’re seeing the number of overdoses go down. You have to analyze those numbers and peel back the onion — are the OD’s really going down or is the advent of Narcan just preventing the OD’s? We’re encouraged by the direction the numbers are going, but we can’t let our guard down. We have a comprehensive plan to deal with opioids. Samantha, unfortunately, will always be busy. We can’t forget about alcohol. Alcohol is the #1 drug addiction issue that we see. We’re making progress with the opioids and we need to continue. And a lot of people addicted to drugs have duel diagnoses – they have something else going on. Samantha can assist with mental health issues as well.”Question #5: What are your thoughts on the town’s solution of building a temporary platform at North Wilmington station so emergency vehicles aren’t delayed when trains are stopped and the gates are down?Chief: “We appreciate everything our state officials have done to expedite this. There a lot of communities out there that have needs relative to trains and platforms. Moving in the direction of a new platform is great for us. All it takes is one call — if that gates are down and the fire department can’t get through there – even though it doesn’t happen often — it only takes once. We look forward to resolving the issue.”Bonus Question: You currently have two student officers – Sousa and Fitzgerald. How are they doing in their training and when will they officially join the force?Chief: “They’re about halfway through [the academy] and will graduate in the fall. Then they start a 12-week FTO (Field Training Officer) program. From my understanding, they’re both doing well and are great candidates. We’re excited to get them out there. I’m sure they’re excited too. We can count them as manpower after their FTO program.”Bonus Question: Officers Paul Chalifour and Louis Martignetti are retiring in the coming months. Any thoughts on their careers with the WPD?Chief: “I’ve worked my entire career with Paul. Paul was here before me. I’ve worked about 90% of my career with Louie. They’re both great guys. I wish them well. I guess there’s a time when you know it’s time to go. Paul is currently our Community Liaison Officer. That was a new position that Chief Begonis started and it’s one I’m going to continue because it’s a really great point person to deal with community issues as they arise — kinda of like a rapid response position. Louie is a very hard worker. Always professional. Always polite. I’m going to miss them both.”Look for 5 questions with Wilmington’s new Finance Director Bryan Perry tomorrow on Wilmington Apple.Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email firstname.lastname@example.org.Share this:TwitterFacebookLike this:Like Loading… Related5 QUICK QUESTIONS with Wilmington’s New Police Chief Joe Desmond (PART 1)In “5 Quick Questions”Wilmington Police Chief Joe Desmond & Deputy Police Chief Brian Pupa Sworn InIn “Police Log”SELECTMEN NEWS: Board Supports Fire & Police Substation In North Wilmington; Town To Vote On Project In April 2020?In “Government”
High volatility witnessed in gold prices in the past few weeks is expected to continue until the announcement of the first rate hike by the US central bank but ease thereafter.”We assume that the gold price will remain under pressure until the first interest rate rise,” said Commerzbank Corporates & Markets in a note.Investors are concerned about the timing of the interest rate hike by the US Federal Reserve and once there is clarity over the timing, prices of the precious metal are expected to stabilize.”The price should climb again just as soon as the uncertainty over the timing diminishes,” said the note.Currently, gold prices are trading at their five-year lows, as improving economic data in the US strengthened expectations of a US Fed rate hike in September.On Tuesday, Atlanta Fed President Dennis Lockhart said in an interview with the Wall Street Journal that the “US economy was ready for an interest rate hike.””Yesterday’s interview is a strong indication that a rate hike will be forthcoming in September. The market responded by pricing in a rate hike in September with a likelihood of 50% for the first time this year,” said Commerzbank.At its July meeting, the US Federal Reserve had indicated that it was moving closer to raising rates for the first time after keeping them at record low since the financial crisis of 2008.In the domestic bullion market, gold prices fell by Rs 110 to Rs 25,020 per 10 gm on Wednesday, as a strong dollar weighed heavily on the prices.
A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, U.S., December 28, 2016. [Representational Image]Reuters fileAsian shares and US stock futures sank on Tuesday, after Wall Street suffered its biggest decline since 2011 as investors’ faith in factors underpinning a bull run in markets began to crumble.S&P mini futures fell as much as 2.5 percent to nearly four-month lows in Asia, extending their losses from the record peak hit just over a week ago to almost 12 percent.MSCI’s broadest index of Asia-Pacific shares outside Japan slid 3.5 percent to a one-month low, which would be its biggest fall in more than a year and a half, a day after it had fallen 1.6 percent.Japan’s Nikkei tumbled as much as 5.6 percent while Taiwan shares lost 5.3 percent at one point.Australian shares dropped 3 percent to their lowest since October while South Korean shares fell 3 percent.The rout came after US stocks plunged in highly volatile trading on Monday, with the Dow industrials falling nearly 1,600 points during the session, its biggest intraday decline in history, as investors grappled with rising bond yields and potentially higher inflation.”The amount of the sell-off that we are seeing is normal. The speed at which we are doing it is not normal,” said Michael Purves, chief global strategist at Weeden & Co in New York.”Where does the market rout end? I think we are pretty close to a selling climax here. I think we are pretty close. The fundamentals are pretty good. The only thing that is really different is that bond yields got up to 2.8 percent.”The benchmark S&P 500 slumped 4.1 percent and the Dow 4.6 percent, suffering their biggest percentage drops since August 2011 as a long-awaited pullback from record highs deepened.Before Monday’s fall, the index had not seen a pullback of more than 5 percent for more than 400 sessions, which analysts said was the longest such streak in history.”Since last autumn, investors had been betting on the goldilocks economy — solid economic expansion, improving corporate earnings and stable inflation. But the tide seems to have changed,” said Norihiro Fujito, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities.The trigger for the sell-off was a sharp rise in U.S. bond yields following Friday’s data that showed U.S. wages increasing at the fastest pace since 2009, raising the alarm about higher inflation and with it potentially higher interest rates.The 10-year US Treasuries yield rose to as high as 2.885 percent on Monday, its highest in four years and 47 basis points above the 2.411 percent seen at the end of 2017.But a massive fall in share prices prompted an about-turn, and in Asian trade on Tuesday, it fell back to as low as 2.685 percent.Fed fund futures are now pricing in only two rate hikes this year.The CBOE Volatility index, the closely followed “fear-index” measure of expected near-term stock market volatility jumped 20 points to 30.71, its highest since August 2015.”For the last several months, whether it’s stocks or commodities, risk-takers had been the winners. And that’s what hedge funds, which now manage $3.2 trillion, have been doing,” Mitsubishi UFJ’s Fujito said.”Their leveraged position is now being unwound. And it seems as though there are still some people who haven’t run away (from the sell-off) yet. I would expect more instability,” he added.European shares also tumbled on Monday, with Germany’s Dax hitting a 4-month low.Yoshinori Shigemi, market strategist at JPMorgan Asset Management, said the specter of inflation will gradually undermine the attraction of equities even though the markets could rebound in the short term. A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City, U.S., October 24, 2016. [Representational Image]Reuters file”In the end, the Fed will have to hike rates. And if it doesn’t, long-dated bonds will be sold off on worries about inflation. Either way, that is going to slow down the economy. Rising wages also mean corporate profit margins will be squeezed gradually down the road,” he said.Keen to avoid further risk, investors are closing their positions in other assets, including the currency market where a popular strategy has been to sell the dollar against the euro and other currencies seen as benefiting from higher interest rates in the future.The euro eased to $1.2358, not far from last week’s low of $1.2335, a break of which could usher in a further correction after its rally to a 3-year high of $1.2538 by late last month.Against the yen, which is often used as a safe-haven currency because of Japan’s solid current account surplus, the dollar slipped 0.3 percent to 108.69 yen, after having lost one percent on Monday.Bitcoin was not spared from selling, hitting a 12-week low of $6,400. That represented a 67.5 percent fall from its record high of $19,666, touched on Dec. 17.Investors also dumped junk bonds, with the yield of Merrill Lynch U.S. high yield index rising to 6.017 percent from 5.964 percent at the end of last week.Still, it was far below its 2016 peak just above 10 percent, when low oil prices hurt energy firms.Oil prices also dropped, with international benchmark Brent futures hitting a one-month low of $66.90 per barrel on Monday. It last stood at $67.02.US crude futures traded at $63.56 per barrel, down 0.8 percent in Asia.
Even if your five-year-old kid does not know what money can buy for him or her, the moment he or she gets to know the value of it, chances are the knowledge may make him or her less philanthropic in nature, says an interesting research.In other words, the act of handling money makes young children work harder and give less. This effect was observed in children who lacked the concrete knowledge of money’s purpose and persisted despite the denomination of the money. Also Read – ‘Playing Jojo was emotionally exhausting’“Money is a double-edged sword. It produces good outcomes in terms of concentration and effort but bad outcomes when it comes to helping, taking, and donating.” said professor Kathleen Vohs from the University of Minnesota and co-author of the study.For this, the researchers conducted five experiments and one study involving 550 children (ages three-six) in Poland and the US. In one experiment, the children were asked to either sort money or buttons before completing a challenging puzzle. The paper is forthcoming in the journal Psychological Science.
Free Workshop | August 28: Get Better Engagement and Build Trust With Customers Now 1 min read Enroll Now for Free March 7, 2014 If you own a Pebble and have it connected to an Android-powered smartphone, you’ve probably felt left in the dark compared with your iPhone-touting friends. When Pebble unveiled the slimmer, more stylish Pebble Steel smartwatch at CES in January, the Pebble app store also went live — but only for iPhone users.It has taken two months but, today, Android users can rejoice. Pebble has unveiled its dedicated app store in the Google Play app marketplace.Additionally, Pebble announced new app partnerships with companies like eBay and Evernote, to name a couple. The Evernote app allows Pebble users access to “core” Evernote features like checklists, reminders and notebooks directly from the smartwatch. The eBay app, meanwhile, lets Pebble users to access eBay feeds, browse products and add items to a wish list for later purchase via your smartphone.Related: Pebble’s $10 Million Crowdfunding Secret: Keep It Simple This hands-on workshop will give you the tools to authentically connect with an increasingly skeptical online audience.