Trump budget spares credit union tax exemption; calls for restructured CFPB, elimination of CDFI Fund

first_img continue reading » 22SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr President Trump’s proposed 2018 budget proposes a “restructuring” of the Consumer Financial Protection Bureau and eliminates the Community Development Financial Institution Fund, but also assumes the credit union tax exemption will remain in place for at least the next 10 years.The $4.1-trillion budget for 2017 includes deep cuts in a number of programs, especially those that are aimed at lower-income Americans, and assumes 3% economic growth, which economists have already said is extremely unlikely.The CDFI Fund has been consistently in the cross-hairs of the Trump Administration, which targeted it for cuts early on. Congress, however, has been inclined to provide money for the CDFI Fund, including $248 million in the recently passed bill to fund government operations. As of January 31, 2017, there were 287 credit unions certified as CDFIs.In a statement following release of the president’s budget, which is really just a guide for what the administration wants since Congress controls the national purse-strings, NAFCU CEO Dan Berger said the association is “pleased that President Trump’s budget proposal does not single out the credit union tax exemption for elimination, and we will continue to work with Congress and the administration to protect the exemption throughout the tax reform process.”last_img read more

Offshore Wind Brings Two More Companies to Lowestoft

first_imgRed Nine, a company providing solutions in the inhospitable and remote locations for the oil and gas sector, has set up an office at the OrbisEnergy hub at Lowestoft in Suffolk, UK, in order to offer its services to the offshore wind sector.Red Nine believes that setting up its first UK office in the OrbisEnergy building will help broker solutions to colleagues in the offshore wind sector.Alan Leech, Red Nine Director and Consulting Engineer, said: “OrbisEnergy is a key location for developing offshore renewables. We have years of experience offshore, in oil & gas, but moving to OrbisEnergy will help us diversify and develop into the offshore renewables industry with a real emphasis on providing cost-optimised solutions. We will start with a two-man office, but plan to grow.”Red Nine Director Alan LeechRed Nine is one of the two businesses that recently opened an office at OrbisEnergy. Namely, Norwich-based Vissim Renewables, a provider of monitoring systems for ships, personnel and assets ranging from wind farms to military missile ranges, also decided to set up an office at the hub.The company hopes to use the new location to set up a marine control suite which will be used for training for up to six people, but can also be used as a standby control suite for clients if their own has problems.“This is an ideal coastal location – because we can rub shoulders with others in the offshore wind world, and it is as close as you can get to the wind energy environment,” Managing Director, Glyn Grayson, said.Glyn Grayson with colleagues James Offord and Rachel MorrisOrbisEnergy, opened in 2008, is an industry incubator owned by Suffolk County Council and managed by enterprise agency Nwes.The hub, home to 160 tenants, is close to a number of developing offshore wind farms.last_img read more

Annual Beach Sweeps Report: Record Number of Volunteers; Balloon Remnants Soar

first_img“We saw over 81 percent of the debris that we collected was plastic, including foam, which is down a little bit from last year,” Alison McCarthy, the coastal watershed protection coordinator for Clean Ocean Action, said April 2 at a beachside press conference at Sandy Hook. “But it’s still astoundingly high and makes up a very large majority of the data.” Cindy Zipf, executive director of Clean Ocean Action, spoke about the impact plastics have on marine wildlife. In one high-profile example, a whale found dead last month in Italy had about 50 pounds of plastic in its belly. Clean Ocean Action has been organizing beach sweeps since 1985. In that time, 6.7 million pieces of debris have been collected by 133,390 volunteers, McCarthy said. This year’s spring Beach Sweeps will be April 13, at sites from north Jersey to Cape May. Among some of the more unusual items found were a 1930s Philadelphia rail token, a rattrap, a full couch, dentures and a vacuum cleaner. In 2018, 454,365 pieces of debris were collected by 10,148 volunteers at 60 sites around the state, mostly along the Jersey Shore, during the organization’s 33rd annual “Beach Sweeps” of coastline and other areas. Those were record amounts, in material collected and volunteers who participated, in the history of the cleanups. “So there’s somewhere for everybody to join in and get out onto the beaches and give the beaches a good clean sweep,” Zipf said. “We’re not going out on the beaches to give them a clean sweep just because it makes the beaches look good and it makes them safer for marine life. We want to stop these sources of litter, and we want to stop them…at the source.” Once again, the organization is calling for a ban on plastic bags and enforcement of litter laws. Zipf also said wind is a“major source” of litter; trashcans get blown over on awindy day and waste getsblown around. She urgedpeople to make sure theyhave a sealed trash container. The Monmouth County-based environmental group Clean Ocean Action said it recovered everything from balloons to furniture when it cleaned up coastal New Jersey last year. “So the really common items that we’re seeing out on the beaches are plastic and many of them are single-use plastics,” McCarthy said. By Philip Sean Curran “So, pretty fascinatingstuff that we find out on theJersey Shore,” McCarthysaid. “All this plastic debris that we find is absolutely our responsibility,” Zipf said. “We can’t blame Mother Nature for any of this. This is all us being sloppy and not taking care of the products that we use.” “So they’ll find their way into a stream, into a bigger river, and those rivers, of course, all water ways lead to the ocean,” she said. “So that’s how all of that debris gets out into the ocean eventually and then washes up onto the shore.” McCarthy explained thejourney debris takes once itgoes down a storm drain andthen into a waterway. She also pointed to the prevalence of balloons, with a record-setting 5,470 of them collected – a 32 percent increase from 2017. The organization this week issued its annual report highlighting what was found during the cleanups, held in April and October. Topping its “dirty dozen” list of the “most commonly” found objects were plastic pieces, at 75,899, followed by plastic caps and lids at 61,358. Both occupied the top two spots in 2017 and in 2016, the report said. The organization has said its data has been used by government officials to protect the environment. In particular, the group pointed to Gov. Phil Murphy last year signing into law a ban on smoking at all public parks and beaches,effective in 2019. Zipf saidLittle Silver had just bannedplastic bags, straws and foamcontainers town-wide. Zipf said she supports aplastic bag ban, a step NewYork state will take in 2020.last_img read more

From Lip Reading to Google Glass and Beyond: The Evolution of Wearable IoT Devices

first_imgRelated Posts Ryan Ayers Small Business Cybersecurity Threats and How to… Tags:#Future#IoT#Trending Ryan Ayers is a researcher and consultant within multiple industries including information technology, blockchain and business development. Always up for a challenge, Ayers enjoys working with startups as well as Fortune 500 companies. When not at work, Ayers loves reading science fiction novels and watching the LA Clippers. Up until a few years ago, interconnected devices were more dream than reality, and it’s easy to feel like the fitness tracker fad was the beginning of wearables. In reality, of course, the groundwork was laid decades before— years even before the Internet was launched.With all the amazing potential for wearable IoT devices, it’s important to realize how far we’ve come—and how many devices didn’t end up changing the world, but did make important contributions to the future of IoT. Even dreams of the future in culture and art laid the framework for one of the world’s most exciting industries. Let’s take a look at how we got to today’s incredible wearables—wearables that will one day be replaced by even more sophisticated technology.The First Wearable ComputerSurprisingly, the first wearable computer on record was created in 1955—and was designed to predict roulette wheels. The developer, Edward O. Thorp, used the device secretly in the early 60s. It was not known to exist until 1966, though it was developed years earlier.Early Wearable IoT: Head-Mounted DisplaysBack when televisions were still a marvel of engineering, head-mounted displays were already piquing the interest of enterprising minds.In 1960 Morton Heilig received a patent for head-mounted display technology, but it was not until 1968 that the first head-mounted virtual reality system was built. The Sword of Damocles was a rudimentary headset developed by computer scientist Ivan Sutherland, and had to be suspended from the ceiling as it was too heavy to wear. Though the graphics were very simple, the fact that this early VR device was created nearly 50 years ago is incredible. The year before, in 1967, Hubert Upton used the head-mounted display concept for a more practical purpose: aiding in lip reading. His device was mounted using glasses, and was one of the first wearable computers.Sega’s VR Glasses and Google Glass Consumer VR devices had several flops before they started to become successful in recent years. In 1993, Sega’s prototype VR glasses never made it to market and cost the company a huge amount of money. Google’s much-anticipated Google Glass headset (a complete wearable computer with displays designed as a pair of glasses) came on the public market in 2014, but soon lost momentum, since it struggled with technical difficulties. Recently, however, it has successfully reemerged with an Enterprise Edition as a tool for workers in industries like manufacturing.Fitness Trackers & Beyond Fitness trackers like FitBit didn’t really introduce new technology of their own—but they fused several technologies together into one wearable device. GPS, pedometer functions, heartrate monitor, and other sensors heralded the future of wearables—multi-function trackers.Wearables used to track health and fitness are common among people who are watching their weight and trying to live healthier lives, but they’re also beginning to emerge in healthcare settings. By helping patients monitor their health more closely and making healthcare professionals more efficient, wearable technology could reduce healthcare costs by $200 billion in the next 25 years.Present and Future Applications for Wearable IoT Obviously, we’re only beginning to scratch the surface when it comes to practical applications for wearable IoT. There’s a lot more that can be done with sensors and IoT technology than tracking our steps and sleep.One area that could see incredible benefit from wearables is emergency management. Hurricanes in the 1960s and 1970s caused trillions of dollars in damage, and spurred the growth of the emergency management field. With hurricanes causing extensive damage each year, disaster relief is more important than ever. Now, IoT wearables could help get relief to victims and help them find their loved ones or their way to safety when phone lines and other methods of communication are shut down.Wearables are also becoming popular for personal safety—people who are out late on their own can call for help at the press of a button. Some of these devices even record audio that can help loved ones gain context about the danger.History Illustrates IoT’s Potential The great minds of the 20th century set the stage for a boom in VR devices and other wearable technology that’s helping us live better lives. With all the progress that’s been made in the last 50 years, it’s exciting to think about how far we still have to go—and about all the devices we’ll one day be able to wear. Follow the Puck Top 5 Areas Where Companies Want IoT Solutions Internet of Things Makes it Easier to Steal You…last_img read more

Zoya Akhtar’s wrap-up party marks return of the exes

first_imgWrap-up parties are the newest excuse to garner some publicity for a Bollywood film and Zoya Akhtar announced the successful completion of her film Dil Dhadakne Do by throwing an extravagant bash in Mumbai.The evening marked the return of the exes as the lead cast of film, Anushka Sharma and Ranveer Singh, who were reportedly seeing each other earlier, came for the wrap-up party.Ranveer Singh (left) poses animatedly, while Anushka Sharma (above) is all smiles.Anil Kapoor, who plays a prominent role in the film, also attended the bash and was in his usual cheerful self. He was dressed casually in a purple shirt and black trousers, while Zoya sported a mini skirt and a black top. She was joined by her friend and film-maker Reema Kagti and Shefali Shah.Anushka plays the lead role in the multi-starrer film that also features Priyanka Chopra and Farhan Akhtar among others.Stories of Anushka-Ranveer romance made rounds when the two young actors made an appearance in rom-coms such as Band Baja Baraat and Ladies Vs Ricky Bahl. The rumour of their romance, however, died down when Anushka’s name got linked with cricketer Virat Kohli. Ranveer, too, shot to prominence for allegedly dating reigning Bollywood queen Deepika Padukone.According to reports, Anushka and Ranveer gave each other the cold shoulder while shooting the film and even avoided making joint public appearances to avoid any unnecessary attention.Spotting a former couple together always makes news, thus, excitement level soared when Anushka entered the venue in a swanky car. Donning a cut-out midi dress, Anushka was all smiles and was soon crowded by photographers around her.advertisementRanveer’s choice of clothes made a quirky statement as he appeared dressed in a t-shirt with big and colourful women’s lips printed on it.Teamed with a pair of white trousers and silver sneakers, Ranveer posed animatedly and danced as he entered the venue.Produced by Ritesh Sidhwani and Farhan Akhtar, Dil Dhadakne Do’s plot reportedly revolves around a dysfunctional Punjabi family who are on a cruise trip.last_img read more

Tournament in Spain good opportunity to test ourselves outside Asia: Aditi

first_imgNew Delhi, Jul 27 (PTI) Indian women’s football team goalkeeper Aditi Chauhan feels that participating in the COTIF tournament in Spain will enable the players to test themselves against “physical” sides outside Asia. Taking part in the tournament, to be played in Velencia from August 1 to 6, will be beneficial in the team’s preparations for the SAFF Championships and Olympic qualifiers, she said. “It’s a great opportunity for us to explore and test ourselves outside of Asia. We have been dominating the South-Asian football circuit in recent years and have a decent idea where we stand in Asia. But, this tournament will give us a better understanding of how we fare against world-class European teams,” Aditi said. “This tournament is significant as it will be extremely beneficial for us to see the level of professionalism and that is something, which we should aspire for. I need to thank Sports Authority of India and AIFF for giving us this opportunity to test ourselves against some of the best teams in the world,” she said in an AIFF release. The Indian team will play against Spanish top division sides Fundacion Albacete and Levante U D on August 1 and 3 before taking on the national team of Morocco on August 5. The Indian team plays its last match against Madrid C F on August 6. Asked how challenging the tournament will be, Aditi said, “Having played in England I am aware that it will be a tough challenge as most European teams love to play a physical game and to some extent we are not used to playing against such teams. They will be physically stronger than us but I feel it is the right challenge for us and we will have to adapt accordingly, whilst playing to our strengths.”advertisement Asked how the senior team has been shaping up with the influx of youth, she said, “It is good to have youngsters to challenge some of the senior players for their position and that helps us push each other to do better while working hard. “The young energy and challenge is always needed. You do not want any player in the team to take their position for granted. “The youngsters will be the future so it is good for them to be with the experienced players and learn what is needed from them both on and off the field, because in this game, what you do on the field is as important as what you do outside it.” The team left for Spain today. This is the first time ever that the women’s senior team is travelling to Europe to participate in a tournament. The exposure tour has been arranged by AIFF in coordination with Sports Authority of India, keeping in mind the crucial Olympic Qualifiers in November. The senior team will also be defending its title in the SAFF women’s championship, scheduled to be held later this year. PTI PDS AHAHlast_img read more

Australian Men’s Camp

first_imgThe Australian Men’s National Training Squad will train in Sydney this weekend as they prepare for the 2014 Trans Tasman Series in April next year. The camp is the first opportunity for the Australian Men’s Open contingent to train together since the announcement of the squad in June, in the lead up to the series which will be played at Mudgee’s Glen Willow Regional Sporting Complex from Friday, 25 April to Sunday, 27 April 2014. The Men’s Open team will be hopeful of reclaiming the division back from New Zealand, following their 2-1 series loss at the 2013 Super Trans Tasman Series in Auckland in February. Stay tuned to for all of the latest news and information on the Australian teams in the lead up to the 2014 Trans Tasman Series.  Be sure to also follow Touch Football Australia on our social media pages:Facebook – – – Instagram – search for ‘Touch Football Australia’Related LinksAussie Men’s Camplast_img read more

10 months agoFather of Ajax defender De Ligt opens door to Juventus

first_imgFather of Ajax defender De Ligt opens door to Juventusby Carlos Volcano10 months agoSend to a friendShare the loveThe father of Ajax defender Matthijs de Ligt has opened the door to a move to Juventus.De Ligt’s agent Mino Raiola met with Juve officials this week.“Juve could be a possibility, but they’re not the only team interested,” Frank de Ligt said.“Now we’re focusing on this season with Ajax. Turin is a beautiful city, I came here for the Netherlands match in June too.“In the next few months, I, my son, and [agent Mino] Raiola will make the best decision for his future.” TagsTransfersAbout the authorCarlos VolcanoShare the loveHave your saylast_img

a month agoEmerson Palmieri set to land a contract with Chelsea

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Emerson Palmieri set to land a contract with Chelseaby Paul Vegasa month agoSend to a friendShare the loveEmerson Palmieri is set to land a new contract with Chelsea.TMW says now a regular starter under manager Frank Lampard’s training, Palmieri is very close to penning a contract renewal. It will be an upgrade that will lead him to receiving €5m-a-year, plus an extension until June 30, 2024. Emerson’s form has also seen him force his way into Italy coach Roberto Mancini’s plans.The fullback is in his third season with the Blues. last_img