Activists from the Baltimore Peoples Power Assembly and the Baltimore Southern Christian Leadership Conference marked the anniversary of Trayvon Martin’s death with a protest and rally at the corner of Pennsylvania and North avenues. The site had been ground zero for an uprising in Baltimore after young Freddie Gray sustained fatal injuries while being transported in a police van.Aaron Winston’s brother speaks at Trayvon Martin rally, Feb. 26.WW photo: Sharon BlackThe rally turned into a call for justice for Aaron Winston. Winston is a 24-year-old longshore worker who was brutally beaten by police and later arrested at the Power Plant Live, a night club and tourist destination in Baltimore’s Inner Harbor.While attending a birthday party, Winston had asked police why his brother was being arrested. The police put him in a chokehold and beat him so badly that his arm was broken in several places and his rotator cuff torn. He had to have surgery and metal screws to repair his right arm. Right after surgery, Winston was transferred from the hospital to the notorious Central Booking Jail, where he was denied pain medication despite protests from his family. Winston’s family attended the rally and both his brother and father spoke out.ShaiVaughn Crawley, a Baltimore activist who chaired the rally, pointed out the hypocrisy of Baltimore City Police Commissioner Kevin Davis, who has stated that people should intervene when they see police acting brutally. Crawley explained that any encounter with Baltimore police could become deadly.The Rev. C.D. Witherspoon, a PPA organizer and president of the Baltimore SCLC, drew the connections between the death of Trayvon Martin and the treatment of Aaron Winston.Youth from Freddie Gray’s neighborhood took the microphone to speak out, at times calling out to the large crowd of police who came to monitor the event, pointing out individual cops who had brutalized the neighborhood.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
No Deals with China or on the Border Wall SHARE SHARE By NAFB News Service – Jan 10, 2019 Facebook Twitter No Deals with China or on the Border WallU.S. trade talks with China made progress, while talks at home to end the partial government shutdown—about to enter its fourth week–were stalemated.China has so far resumed soybean purchases, agreed to cut punitive tariffs on U.S.-made cars, promised to open its markets for more foreign investment, and drafted a law to prevent forced technology transfers.American Farm Bureau trade adviser Dave Salmonsen says the key for the U.S. side is enforcement of China’s commitments.“And that’s the real question here, will this be a short-term answer, China will agree to buy some more…the tariffs will go off or be reduced, or whatever they do with that…but will they sit down and actually build the structure to deal with the long-term issues of forced technology transfer and intellectual property protection.”U.S. negotiators want China to give specific dates for making purchases, and assurances that Beijing won’t hinder U.S. companies from doing business in China. Both sides are optimistic and driven by mounting trade damage from their tariff war, now paused until a March 1st deadline.But there was no negotiating at home on the ‘border wall’ partial government shutdown, each side digging in further after dueling prime time speeches by the president and Democratic leaders, now blocking most bills in the Senate.The finger-pointing continued. GOP Leader Mitch McConnell said, “By very wide bipartisan margins and on multiple occasions, the Senate has cleared, literally billions of dollars in funding for physical barriers along the southern border. Steel fencing was fine, even salutary, when President Obama was in the White House, but it’s immoral when President Trump occupies the office.”Democratic Leader Chuck Schumer accused President Trump of “holding hostage,” furloughed and unpaid essential federal workers.“As government agencies remain shut down, American farmers and small businesses can’t get the loans they desperately need, tourism suffers, as our national parks go neglected, some families can’t get a mortgage to buy a new home.”President Trump was meeting with lawmakers from both parties, with speculation building he might declare a national emergency at the border and reprogram defense dollars for border wall construction—a move likely to end up in the courts. Home Indiana Agriculture News No Deals with China or on the Border Wall Previous articlePresident and USDA Leadership Set for Farm Bureau Convention AppearancesNext articleRyan Martin’s Indiana Ag Forecast for January 11, 2019 NAFB News Service Facebook Twitter
East West Bancorp, Inc. (Nasdaq: EWBC), parent company ofÂ East West Bank, the financial bridge between the United States and Greater China, today reported financial results for the second quarter of 2012. For the second quarter of 2012, net income was $70.6 million or $0.47 per dilutive share. East West increased second quarter net income by $10.0 million or 17% and increased earnings per dilutive share $0.08 or 21% from theÂ prior year period.â€œNet income for East West for the second quarter of 2012 totaled $70.6 million or $0.47 per share, an increase in earnings per share of 21% compared to the prior year period,â€ stated Dominic Ng, Chairman and Chief Executive Officer of East West. â€œEast Westâ€™s strong financial results for the second quarter are the result of our ability to drive growth and generate strong operating performance quarter after quarter. During the second quarter of 2012, we continued to focus on growing both noncovered loans and low-cost core deposits, and reducing credit costs. Since March 31, 2012, we grew our noncovered commercial and trade finance loans by $180.0 million or 6%, and increased core deposits by $476.9 million or 5% to $11.0 billion.â€Ng continued, â€œThe increase in East Westâ€™s profitability is due to our success in growing key loan and deposit portfolios, combined with reduced credit costs and strong expense management. During the second quarter of 2012, the provision for loan losses decreased to $15.5 million and net charge-offs totaled $11.7 million, a decrease of 42% and 63%, respectively, from prior year. Nonperforming assets continued to decline, decreasing to $155.7 million or 0.72% of total assets as of June 30, 2012. Further, the efficiency ratio also improved during the second quarter, decreasing from 44% in the first quarter of 2012 to 42%.â€â€œEast West continues to outperform peers and the industry, despite the challenging operating environment. We believe that our strong results quarter after quarter demonstrate that our differentiating focus as the premier financial bridge between East and West, provides us with exceptional opportunities to win new customers and strengthen relationships with existing customers. We are pleased with our operating results for the second quarter of 2012 and areexcited about future opportunities to grow our business, increase earnings and return strong value to our shareholders,â€ concluded Ng. Community News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Second Quarter 2012 Highlightsâ€¢ Strong Second Quarter Earnings â€“ For the second quarter of 2012, net income was $70.6 million or $0.47 per dilutive share. Net income grew 4% or $2.5 million from the first quarter of 2012 and 17% or $10.0 million from the second quarter of 2011. Earnings per dilutive share grew 4% or $0.02 from the first quarter of 2012 and 21% or $0.08 from the second quarter of 2011.â€¢ Repurchase of 2.2 Million Shares of Common Stock â€“ During the second quarter of 2012, we repurchased 2.2 million shares of our common stock at a weighted average price of $21.95 per share.â€¢ Strong Loan Growth â€“ Quarter to date, noncovered loans, excluding loans held for sale, grew $296.8 million or 3%. This growth was largely due to increases in commercial and trade finance loans, and single family loans, which grew $180.0 million or 6% and $64.8 million or 3%, respectively from March 31, 2012.â€¢ Strong Core Deposit Growth â€“ Core deposits increased $476.9 million or 5% to a record $11.0 billion or 64% of total deposits. Total deposits remained unchanged at $17.3 billion, as we continued our strategy to reduce reliance on higher cost time deposits.â€¢ Cost of Funds Down 4 bps from Q1 2012 and Down 29 bps from Q2 2011 â€“ The cost of funds improved 4 basis points from the first quarter of 2012 and 29 basis points from the second quarter of 2011 to 0.71% for the second quarter of 2012. Our cost of deposits improved 2 basis points from the first quarter of 2012 and 25 basis points from the second quarter of 2011 to 0.45% for the second quarter of 2012.â€¢ Efficiency Ratio Improves to 41.54% â€“ For the second quarter of 2012, the efficiency ratio improved to 41.54% from 44.07% in the first quarter of 2012 and 43.95% in the second quarter of 2011.â€¢ Nonperforming Assets Down to 0.72% of Total Assets â€“ Nonperforming assets decreased to $155.7 million, or 0.72% of total assets at June 30, 2012, an $11.5 million or 7% decrease from March 31, 2012 and a $25.5 million or 14% decrease from June 30, 2011.Management GuidanceThe Company is providing guidance for the third quarter and full year of 2012. Management currently estimates that fully diluted earnings per share for the full year of 2012 will range fromÂ $1.84 to $1.86, an increase of 15% to 16% from the full year of 2011. Also, this updated guidance for the full year of 2012 is an increase of approximately $0.05 per dilutive share from our previously released guidance.Management currently estimates that fully diluted earnings per share for the third quarter of 2012 will range from $0.45 to $0.47 per dilutive share. This EPS guidance for the third quarter of 2012 is based on the following assumptions:â€¢ Stable balance sheetâ€¢ A stable interest rate environment and an adjusted net interest margin of approximately 4.00%1â€¢ Provision for loan losses of approximately $12 to $15 million for the quarterâ€¢ Total noninterest expense of approximately $100 million for the quarter, net of amounts to be reimbursed by the FDICâ€¢ Effective tax rate of approximately 35%Balance Sheet SummaryAt June 30, 2012, total assets equaled $21.5 billion compared to $21.7 billion at March 31, 2012. Average earning assets decreased slightly during the second quarter of 2012, down $14.1 millionÂ compared to the prior quarter. The small decrease in total assets and average earning assets during the second quarter was primarily attributable to a decrease in investment securities ofÂ $833.0 million, due to sales, calls and maturities, offset by purchases. As of June 30, 2012, excess cash from these activities had not yet been reinvested, resulting in an increase in cash andÂ cash equivalents of $793.8 million.Total loans receivable at June 30, 2012 equaled $14.3 billion, compared to $14.5 billion as of March 31, 2012. During the second quarter noncovered loan balances excluding loans held forÂ sale, grew $296.8 million or 3%. This growth was largely due to increases in commercial and trade finance loans, and single family loans, which grew $180.0 million or 6% and $64.8 million or 3%, respectively.Covered LoansCovered loans totaled $3.4 billion as of June 30, 2012, a decrease of $267.1 million or 7% from March 31, 2012. The decrease in the covered loan portfolio was primarily due to payoffs andÂ paydown activity, as well as charge-offs. The covered loan portfolio is comprised of loans acquired from the FDIC-assisted acquisitions of United Commercial Bank (UCB) and Washington First Â International Bank (WFIB) which are covered under loss share agreements with the FDIC. During the second quarter of 2012, we recorded a net decrease in the FDIC indemnification asset and receivable included in noninterest (loss)/income of ($40.3) million, largely due to continued improved credit performance of the UCB portfolio as compared to our original estimate.Deposits and BorrowingsAt June 30, 2012, total deposits equaled $17.3 billion, unchanged from March 31, 2012. In the second quarter of 2012, we continued to execute our strategy to grow low-cost, commercial deposits while reducing our reliance on higher cost time deposits. Core deposits increased to a record $11.0 billion at June 30, 2012, or an increase of $476.9 million or 5% from March 31, 2012. Time deposits decreased by $473.6 million or 7% from March 31, 2012 to $6.3 billion atÂ June 30, 2012. During the second quarter of 2012, the Company prepaid $30.0 million of FHLB advances carrying an effective interest rate of 2.43%, incurring a prepayment penalty of $2.3 million,Â which is included in noninterest expense.Second Quarter 2012 Operating ResultsNet Interest IncomeNet interest income, adjusted for the net impact of covered loan dispositions, totaled $194.7 million for the second quarter of 2012, a decrease of $9.5 million from $204.2 million in the prior quarter. 1 The core net interest margin, excluding the net impact to interest income of $38.5 million resulting from covered loan activity and amortization of the FDIC indemnification asset, totaled 4.01% for the second quarter of 2012. This compares to a core net interest margin, excluding the net impact to interest income of $14.7 million resulting from covered loan activity and amortization of the FDIC indemnification asset, of 4.21% for the first quarter of 2012.The decrease in the core net interest margin in the second quarter of 2012 compared to the first quarter of 2012 is primarily due to the larger impact of covered loan dispositions and amortization activity in the second quarter and the continued downward repricing of the investment securities and loan portfolios. The extended low interest rate environment continues to be a challenge for East West and the rest of the banking industry. East West continues to lookÂ for opportunities to minimize our cost of funds and maximize our asset yields, while also ensuring prudent interest rate risk management. In the second quarter of 2012, East West prepaidÂ $30.0 million of FHLB advances at an average effective cost of 2.43%. The cost of funds decreased 4 basis points from 0.75% in the first quarter of 2012 to 0.71% in the second quarter ofÂ 2012.The reduction in the cost of funds and interest expense is primarily due to managementâ€™s ongoing actions to reduce high-cost time deposits and grow core deposits. During the second quarter, the Company reduced both the balance of time deposits by 7% and also the average cost of time deposits, which decreased from 0.88% in the first quarter of 2012 to 0.84% in the second quarter of 2012. In addition, the Company increased core deposit balances by 5%, quarter over quarter. These combined actions resulted in an overall reduction in the cost of deposits of 2 basis points to 0.45% for the second quarter of 2012 from 0.47% in the prior quarter. Management expects to maintain a relatively stable net interest margin and expects the adjusted net interest margin to be approximately 4.00% for the third quarter of 2012.Noninterest (Loss)/Income & ExpenseThe Company reported total noninterest (loss) for the second quarter of 2012 of ($11.7) million, a decrease from noninterest income of $21.7 million in the first quarter of 2012 and $12.5 million in the second quarter of 2011. The decrease in noninterest income from the prior quarter and prior year is primarily attributable to an increase in the net reduction of the FDIC indemnification asset and FDIC receivable.Branch fees, letter of credit and foreign exchange income, ancillary loan fees and other operating income increased and totaled $22.2 million in the second quarter of 2012, as compared to $21.6Â million in the first quarter of 2012 and $22.1 million in the second quarter of 2011. In addition, included in noninterest (loss) for the second quarter of 2012 were net gains on sales of loans of $6.4 million, and net gains on sales of investment securities of $71 thousand. A summary of fees and other income for the second quarter of 2012, compared to the first quarter of 2012 and 2nd quarter of 2011, is detailed below:Noninterest expense totaled $101.6 million for the second quarter of 2012, a decrease of $13.2 million from the first quarter of 2012 and $16.0 million from the second quarter of 2011.Noninterest expense, excluding amounts to be reimbursed by the FDIC on covered assets and prepayment penalties for FHLB advances, totaled $96.6 million for the second quarter of 2012. A summary of noninterest expense for the second quarter 2012, compared to the first quarter of 2012 and 2nd quarter of 2011, is detailed below: Business: Retail News East West Bancorp Reports Net Income for 2nd Quarter 2012 of $70.6 Million, Up 17% from Prior Year And Earnings Per Share of $0.47, Up 21% from Prior Year Published on Wednesday, July 18, 2012 | 2:08 pm 11 recommended0 commentsShareShareTweetSharePin it Make a comment Total noninterest expense for the second quarter, excluding amounts to be reimbursed by the FDIC on covered assets and prepayment penalties for FHLB advances, decreased $4.7 million or 5% from the first quarter of 2012 to $96.6 million. The decrease in noninterest expense, excluding amounts to be reimbursed by the FDIC on covered assets and prepayment penalties for FHLB advances, was primarily due to a reduction in compensation and employee benefits. Compensation and employee benefits decreased $3.5 million or 8% from the first quarter of 2012 primarily due to a decrease in payroll taxes and an increase in the offset to compensation expense from deferred loan costs due to an increase in origination volume.Credit cycle costs, which include other real estate owned expense, loan related expense, and legal expense decreased $9.7 million or 43% from the first quarter 2012, totaling $12.8 millionÂ for the second quarter, as compared to $22.5 million for the first quarter 2012 and $25.7 million for the second quarter of 2011. Of the total credit cycle costs incurred in the second quarter, $3.4Â million is related to covered loans and other real estate owned for which we expect that 80% or $2.7 million is reimbursable by the FDIC.Management anticipates that for the third quarter of 2012, noninterest expense will total approximately $100.0 million, net of amounts reimbursable from the FDIC. The effective tax rate for the second quarter was 32.4% as compared to 36.8% in the priorÂ quarter. The decrease in the effective tax rate for the second quarter of 2012 compared to the first quarter of 2012 was primarily due to a $3.0 million benefit from a settlement with the CaliforniaÂ Franchise Tax Board. The effective tax rate is reduced from the statutory tax rate primarily due to the utilization of tax credits related to affordable housing investments. The expected effective tax rate for the remainder of 2012 is approximately 35%.Credit QualityDuring the second quarter of 2012, the provision for loan losses and nonperforming assets were lower than the previous quarter and the prior year as a result of continued credit quality improvement. The provision for loan losses was $15.5 million for the second quarter of 2012, a decrease of 14% or $2.6 million from the prior quarter, and a decrease of 42% or $11.0 million as compared to the second quarter of 2011. Additionally, nonaccrual loans excluding coveredÂ loans, decreased to $112.4 million or 0.78% of total loans as of June 30, 2012.Gross charge-offs totaled $14.8 million and recoveries totaled $3.1 million for the second quarter of 2012. Total net charge-offs increased slightly to $11.7 million for the second quarter of 2012,Â from $10.3 million in the first quarter of 2012 due to the high level of recoveries during the first quarter of 2012. East West continues to maintain a strong allowance for noncovered loan losses at $219.5 million or 2.03% of noncovered loans receivable at June 30, 2012. This compares to an allowance for noncovered loan losses of $214.3 million or 2.04% of noncovered loans at March 31, 2012 and $213.8 million or 2.29% of noncovered loans at June 30, 2011.The total nonperforming assets, excluding covered assets, to total assets ratio was under 1.00% for the eleventh consecutive quarter with nonperforming assets of $155.7 million or 0.72% ofÂ total assets at June 30, 2012. Community News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Name (required) Mail (required) (not be published) Website First Heatwave Expected Next Week Herbeauty8 Yoga Poses To Overcome Stress And AnxietyHerbeautyHerbeautyHerbeautyThis Trend Looks Kind Of Cool!HerbeautyHerbeautyHerbeauty7 Reasons Why The Lost Kilos Are Regained AgainHerbeautyHerbeautyHerbeautyHe Is Totally In Love With You If He Does These 7 ThingsHerbeautyHerbeautyHerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeautyHerbeautyWhat’s Your Zodiac Flower Sign?HerbeautyHerbeauty Our capital ratios remain very strong. As of June 30, 2012, our Tier 1 leverage capital ratio totaled 9.7%, our Tier 1 risk-based capital ratio totaled 15.7% and our total risk-based capital ratio totaled 17.3%. East West exceeds well capitalized requirements for all regulatory guidelines by more than $900 million. The Company is focused on active capital management and is committed to maintaining strong capital levels that exceed regulatory requirements while alsoÂ supporting balance sheet growth and providing a strong return to our shareholders. During the second quarter of 2012, the Company repurchased 2.2 million shares of common stock at an average price of $21.95 per share, or $49.0 million in total cost. Under the repurchase program authorized by East Westâ€™s Board of Directors earlier in the year, management has the authority to repurchase up to a total of $200.0 million of the Companyâ€™s common stock. As of June 30, 2012, the Company had repurchased a total of 6.8 million shares of common stock under the repurchase program at a total cost of $149.9 million.Dividend PayoutEast Westâ€™s Board of Directors has declared third quarter dividends on the common stock and Series A Preferred Stock. The common stock cash dividend of $0.10 is payable on or about August 24, 2012 to shareholders of record on August 10, 2012. The dividend on the Series A Preferred Stock of $20.00 per share is payable on August 1, 2012 to shareholders of record on July 15, 2012.Conference CallEast West will host a conference call to discuss second quarter 2012 earnings with the public on Thursday, July 19, 2012 at 8:30 a.m. PDT/ 11:30 a.m. EDT. The public and investment community are invited to listen as management discusses second quarter results and operating developments. The following dial-in information is provided for participation in the conference call: Call within the US â€“ (877) 317-6789; Call within Canada â€“ (866) 605-3852; International call â€“ (412) 317-6789. A listen-only live broadcast of the call also will be available on the investor relations page of the Company’s website at www.eastwestbank.com. 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WhatsApp FORMER Defence Minister Willie O’Dea has told the Limerick Post that he is unhappy with communications from government over the past week.The Limerick East TD said that he will be supporting the budget on December 7 but wants radical appraisal within his party.Sign up for the weekly Limerick Post newsletter Sign Up “I will be seeking a clear and transparent timetable from the party on both the budget and the upcoming election.“There is a need for the government representatives to be straight up and honest with the people”.He said that the budget will now have to be passed to ease pressure from the international markets.“I won’t be voting against the budget on December 7 and it looks like there is a lot of pressure from outside sources.“There’s fears that if this budget isn’t passed it will spread like a contagion to other countries”.Last night Taoiseach Brian Cowen vowed to continue on in government in order to get the budget passed and said that the Dail will be dissolved in January.When asked the if Brian Cowen will lead Fianna Fail into a general election campaign, Willie O”Dea said:“That will become clearer after tonight’s party meeting”. Advertisement Previous articleRequested false driving licence on CB radioNext articleThree injured in head-on collision admin Linkedin Facebook NewsLocal NewsO’Dea unhappy with government communicationBy admin – November 23, 2010 589 Twitter Email Print
TAGS Pinterest By Digital AIM Web Support – February 3, 2021 Previous article‘New chance at life’: Man gets face, hands in rare surgeryNext articleAmerican Financial Group, Inc. Announces Fourth Quarter and Full Year Results Digital AIM Web Support FILE – In this Aug. 24, 2019 file photo, Jerome Jones explores inside the Fort Monroe Visitor And Education Center during the First African Landing Commemorative Ceremony at Fort Monroe, Va. Officials observed the arrival of enslaved Africans 400 years earlier to what is now Virginia. Proposals in Arkansas, Iowa and Mississippi would prohibit schools from using a New York Times project that focused on slavery’s legacy. Facebook Local NewsStateUS News WhatsApp Facebook Twitter WhatsApp Pinterest GOP states weigh limits on how race and slavery are taught Twitter
Comments are closed. Related posts:No related photos. Bookmark of the month www.managementcourses.comOn 1 Mar 2003 in Personnel Today Previous Article Next Article The Management Courses Information Site Does exactly what it claims and with great aplomb. It says it is the mostcomprehensive source of information on executive and senior management courses.The site boasts a powerful search engine and database featuring information onover 2,200 education, training and development courses from 290 schools in over65 countries. Search via a wide range of criteria including location oftraining (country or city), sector, language and length of course and itretrieves results in seconds. It performed well on the whole. It provides fullcontact details for the school or college holding the course. We’d recommendreading the search tips section before you begin because there is a lot ofsearch criteria you can choose from and the advice pages feature a usefulglossary and rankings section (includes the FT business school rankings for2002), and offers tips on choosing a course provider.
November 3, 2020 /Sports News – National Scoreboard roundup — 11/2/20 FacebookTwitterLinkedInEmailiStockBy ABC News(NEW YORK) — Here are the scores from Monday’s sports events:NATIONAL FOOTBALL LEAGUETampa Bay 25, NY Giants 23 Copyright © 2020, ABC Audio. All rights reserved. Written by Beau Lund
The OUSU elections suffered another embarrassing setback this week when personalised voting codes arrived almost a day late.Thousands of students were left unable to cast their ballots after the window for voting began on Tuesday, leading to fears that the result of the election might have been affected.It is thought that the problem stemmed from a delay in the mail delivery system, due to a time-lag in sending out vast numbers of personalised emails.On Monday night, election organisers used mail merge to send out 19,000 individual voting codes in personalised emails.However, by midnight on Tuesday, most students still hadn’t received their code. At 9.39 on Tuesday morning, Returning Officer (RO) Madaline Stanley sent emails to JCR and MCR presidents asking them to inform their Common Rooms that the emails containing their voter codes had been delayed and that they should email the RO if their codes had still not been received by 1pm.However, by 1pm, the vast number of students had still not received their codes. It was only through an email dated 02.46 on Wednesday morning that the vast majority of students gained access to the code that would enable them to cast a vote.One student criticised the lack of foresight on the part of the election’s organisers:“This seems to typify the incompetence that most students associate with OUSU.“I think it reflects really badly on OUSU and it’s hard to believe that there had been so little planning and organisation.“I just hope that this doesn’t have a negative effect on the outcome of the elections”. This has been the second major set-back in the run-up to the elections. The election was due to take place last week, but had to be delayed after OUSU newspaper, Oxford Student, failed to print the manifesto of the presidentialcandidate, John Maher, in the Joint Manifesto Booklet (JMB).In an email sent out on Wednesday to apologise for and explain the delay, Stanley stated that the voter codes had been delayed by a “technical error with the mail server” and that “at the present time it seems that some of the messages remain trapped somewhere in the ether”.She stated that members of OUSU’s Elections Committees had spent “all day (and most of the night)” attempting to ensure students received the voting codes in time to vote before the polls closed at 6pm on Thursday.Organisers were forced to resend the codes again using an alternative mail server, meaning that some students received their codes twice. An explanation has not been offered as to why this server was not used in the first place.Stanley explained, “we think it’s better for people to get a couple of emails rather than run the risk of not receiving the original message in time to vote.Your voter codes will not have changed, so there’s no risk of multiple voting.” Stanley apologised for the inconvenience, but stated that it was “perhaps inevitable that we’d experience some problems” as this is the first year that elections have been run online.She claimed that they had attempting to check that the system would work by running a number of test elections but argued that “there was no practical way of simulating an event on this scale”.The extended polling period of three days, rather than one day, was apparently to ensure that time was built in to allow organisers to fix any problems that might arise.Stanley pledged to review the process after the election and ensure that such “trouble spots” do not occur again.The same email also defended RO Madeline Stanley and the OUSU Elections Committee and stated that the “problem at the heart of the delay was a purely technical one that could not have been foreseen or prevented by any single person”.It warned that “ad hominam attacks” on Stanley are “unwarrented [sic] and unfair” and might “constitute harassment under the Proctor’s guidelines.”At the time, the Returning Officer said that “the OUSU elections committee will be spending the extra week to… fine tune the voting system.”
The Limagrain Group has posted a like-for-like sales increase of 11.6% for the full year to 30 June 2011.Parent company of Limagrain Céréales Ingrédients, which provides functional ingredient solutions for various markets including bakery, Limagrain, an international agricultural co-operative group, said the year passed in a “favourable environment”, despite persistent volatility in the prices of agricultural raw materials.Consolidated sales came to €1,555 million (£1,296m), compared with €1,349 million (£1,125m)in 2010, an increase of 11.6% on a like-for-like basis, and up 15.3% including acquisitions. Over the financial period the firm increased its investment in research, from €144 million (£120m) to €157 million (£130m).Daniel Chéron, chief executive officer for Limagrain, said: “We are pursuing our dynamic march forward, preparing our future through a strategy of sustained internal growth and targeted external growth. Two highlights of the fiscal year were the acquisition of (bakery firm) Brossard in France and the alliance with the Brazilian seeds company Sementes Guerra”.
The annual Bumbershoot lineup is here! Taking place from September 2-4 in Seattle, WA, the festival has revealed dozens of musicians, comedians, artists, and writers for their 2016 event.The full lineup features a number of headlining sets, including Macklemore & Ryan Lewis, Death Cab For Cutie, KYGO, Tame Impala, G-Eazy, Pretty Lights, Halsey and DJ Snake. The billing continues with Porter Robinson, Zeds Dead, Bryson Tiller, Michael Franti & Spearhead, Run The Jewels, Billy Idol, ZHU, Marshmello, Father John Misty, Explosions In The Sky, Third Eye Blind, Logic, and Andrew Bird.Some great musicians are featured in the full lineup, like Tyler. The Creator, Reggie Watts, Anderson.Paak & The Free Nationals, Kamasi Washington, Cashmere Cat, The Motet, White Denim, and so many more.You can see Bumbershoot’s full lineup below. Tickets go on sale this Friday, April 29th, and more information can be found here.