Shock in Donegal NE as FF reject Larkin and go with one candidate

first_imgNewsx Adverts Pinterest Facebook By News Highland – February 3, 2011 Facebook WhatsApp PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal WhatsApp Man arrested in Derry on suspicion of drugs and criminal property offences released Twitter 365 additional cases of Covid-19 in Republic Shock in Donegal NE as FF reject Larkin and go with one candidatecenter_img Google+ Twitter Man arrested on suspicion of drugs and criminal property offences in Derry Dail to vote later on extending emergency Covid powers Previous articleGAA – Murphy Dismisses Dublin MoveNext articleTrial underway of man accussed of Garda Mc Callion manslaughter News Highland Google+ HSE warns of ‘widespread cancellations’ of appointments next week Pinterest In a shock move, it’s been confirmed  that Fianna Fail is to go with a one candidate strategy in Donegal North East, with Cllr Charlie Mc Conalogue the party’s sole candidate in the constituency.It had been widely thought that Letterkenny based Cllr Dessie Larkin would get the nomination, but it was decided last night not to add anyone to the ticket.Cllr Larkin says he is gutted by the decision, saying that by leaving the area from Manorcunningham to Fanad Head without a candidate, Fianna Fail is turning its back on over 20,000 people.He says he is considering his future in the party, but says he feels too raw to make any decisions today.Cllr Larkin believes this is a decision made in Dublin by people who don’t know the area………[podcast][/podcast] RELATED ARTICLESMORE FROM AUTHORlast_img read more

Educational Loan Cannot Be Rejected Solely On The Ground Of Unsatisfactory Credit Scores Of Applicant’s Parents: Kerala HC [Read Judgment]

first_imgNews UpdatesEducational Loan Cannot Be Rejected Solely On The Ground Of Unsatisfactory Credit Scores Of Applicant’s Parents: Kerala HC [Read Judgment] LIVELAW NEWS NETWORK8 July 2020 4:12 AMShare This – xThe Kerala High Court has held that educational loan cannot be rejected to a student solely on the ground of unsatisfactory credit scores of his/her parents Justice Anu Sivaraman observed that the repayment capacity of the applicant after his education should be the deciding factor as per the relevant scheme. Pranav, a 1st year B.Tech student in Food Technology, had applied for an…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Kerala High Court has held that educational loan cannot be rejected to a student solely on the ground of unsatisfactory credit scores of his/her parents Justice Anu Sivaraman observed that the repayment capacity of the applicant after his education should be the deciding factor as per the relevant scheme. Pranav, a 1st year B.Tech student in Food Technology, had applied for an education loan from SBI for pursuing his studies in an Engineering College in Tamil Nadu. His application was rejected on the ground that the CIBIL report of his father showed that there was a default in a commercial vehicle loan availed by him. Before the Court, Pranav submitted that, even after the closure of the loan, the application for education loan was declined stating that the credit history of both the parents reveal multiple default.The Bank, in its counter affidavit, relied on model education loan scheme of the Indian Banks Association and Office Memorandum prescribing guidelines issued by the State Bank of India to contend that the credit score is liable to be taken into account where education loan is sought for prosecution of studies in management quota in colleges outside the State. The Court, while considering this plea, referred to a recent judgment, in which it was observed that the repayment possibilities of the loan were contemplated to be made not on the financial position of the parents but solely on the projected future earnings of the students on employment after education. The court also noted that the order of rejection does not mention the loan has been rejected because the admission is in the management quota. The Court added: “The petitioner belongs to OBC community and he is seeking the educational loan for continuing his B.Tech studies. Taking note of the findings in Exhibit P8 judgment, I am of the opinion that unsatisfactory credit scores of the parents of the petitioner cannot be a ground to reject an educational loan in view of the fact that the repayment capacity of the petitioner after his education should be the deciding factor as per clause 10 of Ext R1(a) scheme.” The court then disposed of the writ petition by directing the bank to reconsider the application for education loan within two weeks.. Case name: PRANAV S.R. vs. THE BRANCH MANAGER, STATE BANK OF INDIA, Case no.: WP(C).No.10968 OF 2020Coram: Justice Anu SivaramanCounsel: Advocates B.MOHANLAL and JAWAHAR JOSEClick here to Read/Download JudgmentRead JudgmentSubscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Asda unveils new line in attracting potential staff

first_img Comments are closed. Supermarketchain Asda will place job adverts on shelf labels and product stickers in allits 244 stores in a drive to recruit 10,000 extra staff in the UK.Theretail giant will be using the in-store adverts as part of a revamped recruitmentand selection process to attract customers to work for them.  It has already piloted this successfully ata number of its stores.PhilipHorn, resourcing development manager of Asda, said the group decided to investin hiring between 30 and 50 extra employees for all of its supermarketsfollowing very strong trading in the first quarter of the year and a decisionto invest in customer service.Heexplained, “As we have a much more competitive environment where everyoneis selling the same sort of products at similar prices then service and howgood your people are becomes more and more important.”Hornsaid a survey of new employees shows that many are Asda shoppers, so thecompany decided to try to recruit from its thousands of shoppers.Asdais using its new approach to target certain areas where they have a particularneed for more employees, such as bakers. Horn explained that adverts will beplaced on baking tins in the home and leisure department and on packs of flour.Allstores will also have job adverts placed near the checkouts as well as largerecruitment banners. Those interested will be invited to attend recruitmentevenings and weekends.Asdahas introduced new activities to its group selection events to bring outcandidates’ personalities, as well as telephone screening to ensure those whoattend the events are potential employees.ByBen Willmott Previous Article Next Article Related posts:No related photos. Asda unveils new line in attracting potential staffOn 22 May 2001 in Personnel Todaylast_img read more

Hot Jobs in Evansville Area

first_imgCommunity Relations SpecialistHoliday Health Care  4 reviews – Evansville, INHeritage Hospice is seeking a Community Relations coordinator to join their award winning team! Heritage Hospice is a member of Holiday Home Health Care, aEasily apply Junior Human Resources GeneralistGAF  56 reviews – Mount Vernon, INWhether it’s in our Parsippany,. You’re motivated, fearless, and excited to help. Manufacturing plants, our standards are high and the…. ChaplainSignature HealthCARE LLC  292 reviews – Newburgh, INMeet residents, families and Stakeholders at the point of their need by listening and developing partnerships with facility leaders, Stakeholders and community… Kindergarten AssistantEvansville Vanderburgh School Corporation  9 reviews – Evansville, IN$9.84 an hourOr can demonstrate knowledge of, and ability to assist in instructing reading, writing, and mathematics by having passed the state approved formal Para-Pro… Non-Medical Caregiver- PRNAround The Clock Care  6 reviews – Evansville, INThe positions would not have any weekly guaranteed hours. Around the Clock Care is looking to hire extra caregivers for “as needed” positions….Easily apply Janitorial – CleanersBlue Chip Facility Services  6 reviews – Evansville, IN$9 an hourAbility to work in all types of weather. Working in the elements at times. Blue Chip 2000 is looking for General Cleaners and one Day porter to join their…Easily apply Route Salesperson/DriverKrispy Kreme Doughnuts  795 reviews – Evansville, INEssential Skills and Experience Organizational skills Successfully complete Territory Sales Training Program Ability to drive and operate delivery vehicle… Retail Sales AssociatesGordmans  415 reviews – Evansville, INOperate cash register and assist Guests by processing all payments and purchases according to Gordmans standards….Easily apply Route Sales Representative-Accepting ApplicationsUniFirst  489 reviews – Evansville, INValid non-commercial driver’s license and reliable. Answering customer questions or concerns. UniFirst, you will service your own route and customer…. Driver Apprentice-Part-TimeFedEx Freight  11,230 reviews – Evansville, INMust possess a class A Commercial Driver’s License (CDL) or a CDL permit prior to entering job classification. Through education and driving skills development,… Patient Care Technician (Medical/Pediatrics) 24 hours/week DaysMethodist Hospital  775 reviews – Henderson, KYFields and directs calls, visits from public, employees, physicians, etc. who seek information and assistance on a variety of subjects…. Spring 2016 WorkstudyIvy Tech Community College  361 reviews – Evansville, INSome positions may also require clerical, computing, telephone, and filing skills. Student must be making Satisfactory Academic Progress as determined by the… Security Officer- Mt. VernonU.S. Security Associates  2,197 reviews – Mount Vernon, INThis includes having a criminal background evaluation, being able to show valid identification, and be able to pay the State Security License fee that is… Extern III, StudentSt. Joseph Regional Medical Center  26 reviews – Evansville, INCertification obtained within 180 days of start date to position. The Extern III, Student, under the supervision of a Registered Nurse (RN) preceptor, provides… GroundskeeperTropicana Entertainment Inc. – Evansville, INObtain/maintain a valid state Drivers license. Must be able to obtain and maintain an Indiana Gaming license….Tropicana Entertainment –  Eligibility Specialist – Local Office (FTE)Xerox  7,684 reviews – Evansville, INAnswers customer service issues on client questions/complaints via walk-ins or phone calls. Ensures case information is gathered and processed in a complete and…Xerox Corporation –  Produce Team Leader – Evansville, INMeijer  3,602 reviews – Evansville, INAccept responsibility for own actions. Listen and gets clarification; Assist with developing subordinates’ skills and encouraging growth…. Accounts Payable AdministratorBerry Plastics Corporation  465 reviews – Evansville, INTo process supplier invoices accurately and. Daily check of supplier receipts. Backup for other Accounts Payable Administrators…. Outside Sales Rep – B2B – Evansville INNCH Corp – Certified Labs Division – Evansville, IN$50,000 – $60,000 a yearRequired license or certification:. Valid driver’s license and reliable transportation. We are an Equal Opportunity Employer and do not discriminate against any…Easily apply HostBeef O’Bradys  16 reviews – Newburgh, INFood Handler Certification (or other state approved program if required). Welcome and warmly greet guests upon arrival….TraitSet Restaurants –  Front Desk AgentComfort Inn & Suites Evansville Airport – Evansville, IN$9 an hourFront Desk Agents will be responsible for checking in guests, assisting with guest requests, running items to guests rooms, offering exceptional customer…Easily apply CaregiverHomewatch Caregivers  137 reviews – Evansville, IN$9 an hourYou must be 18 years or older, able to pass a background check and a drug screen, have a valid drivers license and car insurance….Easily apply Housekeeping SupervisorHoliday Inn Express Evansville East – Evansville, INMaintains guest service as the driving philosophy of the hotel. Assistant Guest Room Supervisors, Guest Room Attendants, Laundry Attendants, the Facilities…Easily apply Receptionist (Imaging Services) 16 hours/week Day/EveningMethodist Hospital  775 reviews – Henderson, KYAnswers departmental telephone within three (3) rings, screening calls and taking messages per protocol….Nov 1 Warehouse UnloaderUniFirst  489 reviews – Evansville, IN30% Employee Discount. UniFirst offers a Fleet of Benefits, 50+ to be exact! As an industry leader in the rental, lease and sale of…. Teacher FloatSt Vincent Center for Children and Families – Evansville, INAssociates Degree in Early Childhood Education, Elementary Education or a related field, with at least 9 credit hours in Early Childhood Education preferred….Easily apply Clinical LiaisonSelect Specialty Hospital  321 reviews – Evansville, INA valid driver’s license, proof of valid auto insurance and active clinical license is required. Must be a licensed Registered Nurse or Respiratory Therapist…Select Medical Corporation  Receptionist – Office ClerkHeart to Heart Hospice  37 reviews – Evansville, INMail distribution, pagers, phone system, memo’s, answers incoming calls, documents and disseminates appropriate messages….Easily apply DishwasherBeef O’Bradys  16 reviews – Newburgh, INFood Handler Certification (or other state approved program if required). No phone calls please. Our guests have come to appreciate Beef’s friendly service and…TraitSet Restaurants – Guest Sales and Service SupervisorHoliday Inn Express Evansville East – Evansville, INEnsures front desk staff is trained in all front desk operations, including check-in/check-out procedures, telephone procedures, hotel amenities and computer…Easily apply FacebookTwitterCopy LinkEmailSharelast_img read more

Radiohead’s Johnny Greenwood Releases Two Brand-New Tracks From “There Will Be Blood” Vinyl Reissue [Listen]

first_imgRadiohead guitarist Johnny Greenwood recently reissued his score from the 2007 Paul Thomas Anderson film, There Will Be Blood, on vinyl for the first time ever via Nonesuch Records. The release came with a pair of previously unreleased tracks, “Proven Lands (Intro)” and “De-Tuned Quartet”, which were not included on the original score.The music for There Will Be Blood, which was nominated for a Grammy award in 2008, was the first of a series of collaborations between Greenwood and director Paul Thomas Anderson. Greenwood went on to produce music for Anderson’s The Master (2012), Inherent Vice (2014) and Phantom Thread (2017).Listen to the two previously unreleased tracks below:Johnny Greenwood – “Proven Lands”Johnny Greenwood – “De-Tuned Quartet”In other Radiohead film-related news, Thom Yorke recently composed the score for the remake of cult-classic horror film, Suspiria. Marking his debut in composing a movie score, Yorke’s highly anticipated soundtrack was officially released on October 26th, 2018. The collection consists of 25 original compositions written by Yorke, comprised of “a mix of instrumentals, interstitial pieces, and interludes, and more traditional song structures.”Suspiria‘s soundtrack was written and arranged by Yorke, and recorded and co-produced by Sam Petts-Davies. It also features special guest contributions from the London Contemporary Orchestra and Choir, flutist Pasha Mansurov, as well as Yorke’s son, drummer Noah, who appears on two tracks.last_img read more

Labor’s love lost

first_imgIn Boston, they call it “the Grand Bargain.” The recently completed labor negotiations that integrated the Massachusetts Turnpike Authority and the state Highway Department workforces have been widely praised for being cost-effective while keeping workers and union bosses happy.These days, such success stories are rare, and more necessary than ever, said three local leaders involved in the negotiations, during a discussion Wednesday night (Feb. 23) at the Harvard Kennedy School (HKS).“I think we are in the earliest stage of what could be the largest experience with labor unrest in our lifetime,” said labor expert Thomas A. Kochan at “Collective Bargains: Rebuilding and Repairing Public Sector Labor Relations in Difficult Times,” an event co-sponsored by the Taubman Center for State and Local Government and the Rappaport Institute for Greater Boston at HKS.The conversation took on a somber tone in light of the anti-union political sentiment sweeping state governments around the country — and the resulting pushback by growing crowds of fed-up public employees. But the speakers also rallied around the idea that Massachusetts’ public-sector unions can lead by example.“We have a golden opportunity to address these issues in a creative way,” said Kochan, George Maverick Bunker Professor of Management, professor of engineering systems, and co-director of the Institute for Work and Employment Research at the Massachusetts Institute of Technology’s Sloan School of Management. “And I’m afraid that if we don’t, then these 70,000 people in the streets in Madison might just escalate to hundreds of thousands, or even millions, around the country.”Over the past week, Democratic lawmakers in Wisconsin and Indiana have defected to Illinois to avoid having to vote on legislation that would eliminate or at least weaken collective bargaining rights. Similar measures are being proposed in Ohio. In all three states, union supporters have been staging protests as Republican leaders argue for aggressive measures to balance state budgets.In putting together the speaker series, said David Luberoff, executive director of the Rappaport Institute, “we tried to think about issues that were timely and important, but we had no idea we’d be this timely.”Kochan called the charge against public unions “a virus” sweeping the country. A treatment, in his view, would mean smarter negotiations by public-sector unions that are based on up-to-date numbers and greater transparency about labor negotiations in the digital age.“It had to be transparent,” he said of the MassDOT negotiations. “It’s not your father’s labor relations of the past, where there are a lot of backroom deals that drive collective bargaining.”Many labor disputes are resolved through collective bargaining and arbitration, a form of dispute resolution that takes place outside the courts in which unions and employers agree to abide by a third-party arbitrator’s decision. But while both have come under scrutiny from lawmakers and the public, they are not as effective at getting union victories as they seem, Kochan said.“Arbitration is way overcriticized for what it does,” he said. “Arbitration is also not a panacea.” Collective bargaining is also not a universally effective tool for public unions, he added, because many trades, such as teaching, negotiate at the district level, making it difficult for employees to wield power in large numbers.Public dissatisfaction with government and labor union unrest have “come to a boiling point,” said Rep. Martin J. Walsh, a Democrat representing Dorchester.“I view what’s going on in this country as almost an attack on the middle class,” he added.The problem in most states, including Massachusetts, stems from a twofold “lack of trust” regarding unions, said Jeffrey Mullan, CEO and secretary of the Massachusetts Department of Transportation. Taxpayers don’t trust public employees to do their jobs efficiently, he explained, and labor doesn’t trust government officials, who come and go with election cycles, to look out for their interests.“I call them the We-Be’s,” he said of jaded public employees. “‘We be here before you came, and we be here after you go.’”The best way to build trust on all fronts, he said, is to empower state workers. “That was a philosophical underpinning of the Grand Bargain,” he said. That requires allowing workers to feel like they have a say in labor negotiations, as well as educating the public about the critical jobs public employees do.There is an untrue perception that public-sector union workers are overpaid, Kochan said. If one controls for workers’ job skills and levels of education, he said, public employees earn 11 percent less than their private-sector counterparts nationally. (Taking government workers’ generous fringe benefits, such as health coverage, into account lowers that difference to 3.7 percent.)The media plays a large role in stoking anti-union sentiment, Walsh said. There’s already a negative public perception of unions, especially those representing government employees, and “the media continues to push that.”Union workers once represented a third of the private-industry work force; they now account for only 7 percent. The public sector has not seen the same rate of decline — 36 percent of government employees are in unions — but current events could mark a turning point for union representation and, by extension, the middle class, Kochan said.“We allowed that to happen [in the private sector] gradually, quietly, and without much uproar,” he added. “The lesson for the public-sector unions is: Make this visible.”The problem in most states, including Massachusetts, stems from a twofold “lack of trust” regarding unions, said Jeffrey Mullan, CEO and secretary of the Massachusetts Department of Transportation. Taxpayers don’t trust public employees to do their jobs efficiently, he explained, and labor doesn’t trust government officials, who come and go with election cycles, to look out for their interests.last_img read more

Shining Commencement moments, captured

first_imgDespite a cool, overcast day, Harvard’s definitive ritual of revelry and accomplishment ultimately shone brightly with displays of grandeur and moments of warmth.From time-honored ceremonies such as the Baccalaureate Service and the Phi Beta Kappa induction to the call to order by the sheriff of Middlesex County and the pealing of the Harvard and Cambridge Bells, the week was filled with scenes that have come to epitomize Commencement.Yet hardly lost in all the spectacle was those the day was ultimately for — the 6,665 graduates whose long years of labor and sacrifice led them to the cap and gown, and, of course, their families, who now got to celebrate them with pride.The 368th Commencement saw long embraces between close friends, laughs among strangers, goodbyes from roommates, cheers and ovations for words well spoken, and, most of all, a palpable feeling of triumph buzzing throughout campus as graduates took the first steps toward what lies ahead.,Related In Class Day address, former vice president and climate defender criticizes ‘would-be autocrats’ Merkel advises graduates: Break the walls that hem you in At Commencement, German chancellor urges them ‘to embrace new beginnings’ The Daily Gazette Sign up for daily emails to get the latest Harvard news.center_img Gathering of the Crimson clan Gore decries attacks on facts, science, reason Snapshots from Harvard’s celebratory 368th Commencement, from dawn to dusk last_img read more

How voices shaped Gloria Steinem

first_img Related Examining why the culture undervalues some necessary jobs, many of which tend to be disproportionately held by women Fresh thinking on history of feminism Class, timeline explore lesser-known narratives in movement’s rise Hidden costs of emotional labor Famed activist talks about art and community; mass incarceration; and what we talk about when we talk about race Five lessons from Toni Morrison Angela Davis looks back Divinity School pays tribute to novelist during its convocation Activist, journalist, and feminist Gloria Steinem is woman of many parts. One of the keys to her success, she noted in her 2015 memoir, “My Life on the Road,” is the value she places on personal interaction, listening in particular: “If you want people to listen to you, you have to listen to them,” she wrote. Another would be the near-magical ability of personal stories to teach us about each other and to connect us to one another.These ideas sit at the heart of “Gloria: A Life,” written by Emily Mann ’74 and directed by Diane Paulus ’88. The play, which begins previews at the American Repertory Theater on Friday and opens Jan. 30, dramatizes the formation as well as the future of the iconic feminist and the movement she spearheaded.But it took a while for the project to come together.Steinem, the co-founder of Ms. magazine and one of the original members of the National Women’s Political Caucus in 1971, first considered presenting her life as a play at the urging of her friend Kathy Najimy, the actor. When Steinem, now 85, agreed that it was, perhaps, time to look back, Najimy introduced her to producer Daryl Roth, who brought in both the artistic director of Lincoln Center in New York and playwright Mann, the artistic director of the McCarter Theatre in Princeton, N.J. It was Mann who, working with Steinem, began crafting scenes, resulting in an early attempt that had a very different result than anyone expected.,“We went into a workshop at Lincoln Center with Gloria playing herself,” recalled Mann. “And it was magnificent. And afterwards, Gloria said, ‘I’d rather die than ever do that again.’”“We had to figure out a new way to go,” the playwright continued. At that point, Paulus got involved, and it soon became clear that keeping the play in its early form and casting an actress as Gloria didn’t quite work. “Without Gloria, it’s just a standard one-woman play,” said Mann.The solution was to broaden the scope of the show — to incorporate the voices of other women who helped shape Steinem’s. “The more I learned about Gloria, the more I learned about her connection to community,” said Paulus, the Terrie and Bradley Bloom Artistic Director of the American Repertory Theater (A.R.T.) at Harvard University.“We realized that we really wanted to bring to life Florynce Kennedy, Bella Abzug, and Wilma Mankiller,” Mann said, citing the activists and politicians whose names may now have been overshadowed by Steinem’s. “We talked about getting a multiracial, multigenerational ensemble to help to tell this tale,” with stories from their own lives and reflections on Steinem and the movement. The voices heard in this biographical first half of the play pave the way for the second, which recalls the talking circles of the small, consciousness-raising groups that pioneered the American feminist movement.,What the team didn’t want, Mann said, were impersonations. Yes, Joanna Glushak, the actor playing Abzug, wears the New York congresswoman’s trademark hat, and Erika Stone, who portrays Mankiller, the first female principal chief of the Cherokee Nation, is of Iroquois and Seneca heritage. But the goal, says Mann, was “channeling.”Patricia Kalember, who was in the A.R.T.’s production of “The White Card,” portrays Steinem, as she did in the final months of the play’s Off-Broadway run. However, the remainder of the diverse female cast of six each play a variety of roles, including Steinem’s mother. Several also portray men, such as Saul Bellow and Gay Talese. The interaction between these two male literary bastions serves as a stark illustration of the virulent and open sexism Steinem rallied to fight. The setting was a cab, shared by the three writers — two established and one aspiring — in 1963. Leaning across Steinem, Talese explained to Bellow: “You know how every year there’s a pretty girl who comes to New York and pretends to be a writer? Gloria is this year’s pretty girl.”To see women of various ages and ethnicities in these roles shakes up the story, and makes it fresh, its creators said. “We wanted the soul, the essence of the character, and not the externals,” Mann said of the casting. “The bones of the narrative are the same, but how we did it completely changed.”What also changed was the structure of the play itself. Building on the A.R.T.’s ongoing practice of hosting discussions, dubbed Act II, the second act of “Gloria” is literally given over to an open discussion.“Act I, which is the story of Gloria’s life, is the departure point,” said Paulus. Act II invites audience members to talk with the cast and ask questions, either about their own experiences or the events of the day.“The fourth wall is broken,” said Paulus. “The spirit of being in Gloria Steinem’s living room and being present in a configuration where we can all see each other is retained.“The whole point is that you matter. That everybody’s story matters. Everybody’s narrative matters. And sharing those narratives is empowering.” The Daily Gazette Sign up for daily emails to get the latest Harvard news.last_img read more

Wind Farms Are Overtaking Coal-Fired Electricity in Texas

first_imgWind Farms Are Overtaking Coal-Fired Electricity in Texas FacebookTwitterLinkedInEmailPrint分享Houston Chronicle:Wind power, by one important measure, surpassed coal last week to become the second-largest electricity source in Texas, yet another milestone in the state’s march toward greater reliance on renewable energy.When a 155-megawatt wind farm in West Texas began commercial operation this month, it pushed the state’s wind power capacity to more than 20,000 megawatts, surpassing 19,800 megawatts of capacity from coal-fired power plants, according to the Electric Reliability Council of Texas, which oversees 90 percent of the state’s grid. One megawatt is enough to power 200 homes on a hot Texas day.While ERCOT still gets most of its power from natural gas and coal, wind power generation now accounts for 15 percent of the power mix — up from just 2 percent a decade ago.The imminent shutdown of three coal-fired power plants owned by Dallas-based Vistra Energy and the loss of their 4,000 megawatts of capacity will further tip the scales in wind’s favor, said Joshua Rhodes, a research fellow at the University of Texas’ Energy Institute in Austin. In October, Vistra announced the pending shutdowns of its Monticello, Big Brown and Sandow coal plants, triggering the loss of more than 800 jobs and the closure of two coal mines. The shutdown of the Vistra plants are the first retirements of coal-fired power plants since Texas deregulated power markets in 2002.“We are used to seeing wind numbers add, add, add,” Rhodes said. “We are not used to seeing coal plants’ numbers decreasing.”Rhodes is already watching for the next milestone — when Texas’ wind farms will generate more power than its coal plants. Based on models of ERCOT, Rhodes expects that switch to happen in 2019. ERCOT, meanwhile, is looking to transform the way it predicts surges in wind — a mercurial power source in West Texas, where winds blow strongest at night when power demand is lowest, sometimes producing so much electricity that they drive wholesale prices to zero.More: Wind power blows past coal in Texaslast_img read more

Federal student loans: The opportunity for members that credit unions are missing

first_imgHighlightsFederal student loan assistance is expiring and federal student loan payments begin again on December 31, 2020.  Helping CU members move onto Income Driven Repayment plans for their federal student debt is an obvious and under-utilized option for credit unions to help their members free up cash and reduce risk in their own loan portfolios.Why widespread defaults are comingIn March when the CARES Act was signed into law, it automatically suspended nearly all federal student loan payments until September 30. A Presidential Executive Order recently extended that reprieve until December 31, 2020.  In the months since loan payments were suspended, Americans have experienced dramatic financial changes. Today in the U.S., 17.8 million people are unemployed, 10.6 million people have been temporarily laid off, and 9.1 million people have been moved to part time work as a result of the pandemic. Come December 31st, we cannot assume that the 45 million Americans with federal student debt will be able to seamlessly resume their federal student loan payments. Behavioral science research tells us that a nine-month grace period like the one just implemented is a bear trap. Though it offers short-term financial relief for borrowers, nine months is enough time to significantly alter budgeting habits. We see that with student loan debt in particular, where recent graduates are given six months before they start their first payment after leaving school.  These student-borrowers tend to establish spending habits when they start work post-college, making the delayed start of the payments disruptive and hard to manage.Today’s thinking is not enough to protect CU members CU executives nationwide say they are taking a number of measures to help their members through this difficult financial period and to manage risk within CU loan portfolios. They are waiving fees, offering loan modifications, and expanding their teams’ bandwidth to provide members with the best support and resources during this time. Still, CUs acknowledge that is not enough to stop the anticipated flood of defaults, so they are dramatically increasing their loan-loss provisions. In fact, loan-loss provisions in the CU system are up more than 34%—meaning that CUs are setting aside an additional $2.2 billion to account for the auto loans, mortgages, and credit card payments they expect Americans will not be able to afford come November. And major banks are doing the same. Addressing federal student loan debt is an easy (and viable) win for CUsNormally federal student loan debt is not a central concern for CUs since the $1.6 trillion of debt is government-owned. But right now, it should be. Helping members manage their federal student loans will improve their ability to repay all the other debt that CUs do manage. Down the line, negative impact on credit scores and income-to-debt ratios will directly affect members’ ability to do new business with the CU. Credit unions who continue to ignore the largest, and by far the most problematic, debt category for adults under 30 will do so at their own peril.The federal government offers multiple repayment plan options that student-borrowers can take advantage of. If CUs start paying attention to these opportunities now, they can help their members with financial hardship lower their monthly federal student loan payments and free up cash for members to use on their CU-held loans after December 31st. That’s a clear win-win for the credit union and for its members.Not only does helping members manage their government-owned debt strengthen the personal relationship and trust between CU representatives and members, it also expands the financial relationship with greater access to wallet share.  While CUs may not own federal student loan debt, they certainly shouldn’t overlook it. Putting numbers to this opportunity Let’s say Taylor—a CU member and “median” student borrower—has $20,000 in federal student loan debt. That means Taylor was automatically put on a payment plan that cost her $200 each month.  With the right digital guidance, Taylor can move her loans onto an Income-Driven Repayment (IDR) plan. Based on national averages, this would cut Taylor’s monthly payment to $100 and free up $100 to pay other privately held loans like an auto-loan, maintaining her credit score in the process. And that good standing puts Taylor in a better position to pursue future financial services as her income recovers.The risk of ignoring members’ federal student loan debt this fallIf CUs don’t start thinking of federal student loan debt as a viable risk-management tool during these difficult financial times, members are unlikely to actively explore their repayment plan options this fall.  The holiday season inevitably brings distractions and financial strain. Federal loan repayments will restart at the end of the year and, without enough money to meet all of their debt obligations, members are likely to miss at least one of the monthly loan payments. This puts CU debt at risk and their members’ credit scores will drop, dramatically impacting the CU’s ability to do business with its members well into the future. Today, CUs have the opportunity to help members improve their financial health while managing risk to their business during the COVID-19 pandemic. Addressing members’ federal student loans is the opportunity that credit unions have been missing. Knowing that current debt management techniques like waived fees and restructuring debt will not be enough to stop the flood, credit unions have increased their loan-loss provisions by more than 34%. center_img 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Joseph Gracia Joseph Gracia is President and Founder of Nickels, a company that uses behavioral science to help guide student-borrowers through managing their federal student debt. Their whitelabel digital service can be … Web: Detailslast_img read more