Canada to try again on Trans Mountain project

first_imgCanada to try again on Trans Mountain project FacebookTwitterLinkedInEmailPrint分享Reuters:Canada will not appeal a court ruling that overturned its approval of an oil pipeline expansion project, opting instead for more consultations with aboriginal groups unhappy about the plan, a top official said on Wednesday.The problem-plagued bid to almost treble the capacity of the Trans Mountain pipeline is becoming one of the biggest political challenges for the Liberal government of Prime Minister Justin Trudeau in the run-up to an election in 2019.In August, the Federal Court of Appeal said Ottawa had failed to adequately consider aboriginal concerns before giving the green light to the expansion. That same month, amid increasing protests by aboriginal and environmental activists, Ottawa bought the pipeline from Kinder Morgan Canada Ltd.“The government will not appeal the court’s decision … we are going to do things differently this time,” Natural Resources Minister Amarjeet Sohi told a news conference. Instead, Ottawa will reinitiate consultations with all 117 indigenous groups who would be affected by plans to pump more oil from Alberta to the Pacific province of British Columbia.Sohi said on Wednesday that he would not impose a time limit on the consultations but added that “we are not starting from scratch”, given the government already had plenty of information from earlier discussions. He also reiterated that there would be no aboriginal veto over the project. Indigenous communities insist they have the final say over projects which would cross their land.More: Canada won’t appeal ruling that overturned pipeline, to consult morelast_img read more

The 6 biggest mistakes people make when saving for retirement

first_img 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: Katey TroutmanRetirement is one of those important milestones that proves perennially challenging for generation after generation of Americans, and, unfortunately it doesn’t seem to be getting any easier. According to the 2014 Retirement Confidence Survey, conducted by the Employee Benefits Institute, more than half of American workers have not calculated how much money they will need in retirement, meaning that millions may never achieve their retirement goals.Indeed, studies have shown that retirement in America is becoming something of a luxury. More and more Americans report that they expect to work during their retirement, for instance, and the “majority of workers (55%) expect to retire after age 65, or do not plan to retire at all,” according to a Gallup poll released last April. Further, the same study found that the average retirement age in the U.S. has risen to 62, the highest average Gallup has ever found since it first started collecting data on the retirement age in 1991.The Gallup study also found that “the average working household has virtually no retirement savings,” and cites stagnating wages as a key culprit. “The hope of retirement security is out of reach for many Americans in the face of crumbling retirement infrastructure,” the study notes, adding that the average American family has a median retirement balance of $3,000.The Gallup poll found that retirement savings are closely linked to income and wealth. Unsurprisingly, wealthier Americans are much more likely to own a retirement account, while lower-income families are much more likely to have little or no savings. According to the study, more than 38 million working-age households (45%) do not own any retirement account assets. continue reading »last_img read more

Young families: Considerations for staying at home versus working

first_img continue reading » 15SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr That new bundle of joy – who is sure to enrich your life – also comes with a very hefty price tag. New parents have many financial decisions to make right from the start. One thing to consider includes whether a parent should stay at home or return to work after a child is born.center_img The average cost of raising a child (from birth to age 18) for a middle-income family is $233,618. And that doesn’t include the cost of college, which is on the rise and outpacing inflation.1 In fact, the cost of raising a child has increased greatly — by 40 percent from 2000 to 2010 — within a relatively short amount of time.2The cost of child careEveryone knows that child care isn’t cheap. But the majority of working parents who start a family (70 percent) say the high cost of child care is the expense that surprises them the most.3 The most expensive place in the U.S. when it comes to child care is Washington, D.C., with costs coming in at $22,631 a year. Conversely, the least expensive state for child care is Mississippi at $4,822 a year.2Some mothers and fathers decide to stay at home after doing a cost/benefit comparison of the income earned to the cost of child care. The U.S. government defines affordable child care as being no more than 7 percent of a family’s household income. However, most Americans pay more than that; in fact, more than 40 percent pay 15 percent, more than twice the recommended amount.3last_img read more

How credit unions can prevent revenue loss in 2021

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Anthony Fattore Anthony Fattore is an Arizona-born writer, currently working on multiple novels, short stories, and articles. For now, he pays the bills with content creation. He studied English Literature at Northern … Details It often feels counterintuitive for financial institutions to write off bad debts. After all, a loan portfolio is an asset to any financial institution’s future revenue. Also, if a financial institution cannot practice debt collection effectively, how can other businesses follow suit?With more people losing their incomes due to this pandemic, credit unions have asked themselves this same question.The ProblemThese days, lending organizations are facing more regulatory scrutiny than ever before. As a result, operating costs and risk has gone up. Margins are tighter, and regulation has increased. So, if debtors don’t make payments, the situation looks bleak. The skyrocketing number of past due debts has exacerbated the problem, and the future becomes more and more unclear as to whether businesses will recover.An environment now exists where practices surrounding debt collection need to change to accommodate this increased risk. Yet, if collection practices are aggressive, the possibility of breaking the compliance regulation exists, not to mention the sheer reluctance to pay.How can financial institutions resolve this problem?Every financial institution has in place a reserve for bad debt. However, the traditional solution of writing off bad debts after 90 days is just not acceptable anymore. So, what can companies do? In the end, it comes down to making it easier to make payments while also analyzing the previous behavior.The SolutionToday, financial institutions’ tight margins mean it is essential to take a different approach toward mitigating risk. Intelligent analytics could prove to be important in this respect. It’s possible to identify patterns and avoid a higher percentage of risk by analyzing previous payment behavior. This allows companies to develop new strategies and make a more accurate forecast of incoming revenue. The latest predictive analytics and machine learning can optimize revenue recovery.It can do this by helping to determine the debtors who have the greatest likelihood of paying. This allows a company to put in place a more efficient accounts receivable management system. Our software will enable businesses to create custom reporting to choose what data is most important to them.Improving Payment SystemsWhile intelligent analytics have a role to play, making the process of paying easier is the right solution. The more difficult it is to make payments, the less revenue a company will receive. This is the reason why it is paramount to find the right card services for credit unions.Credit unions and other smaller financial institutions need to increase the number of ways in which people can make payments. By relying on paper checks, the chances of receiving monies owed on time dwindle dramatically. In the modern world, institutions that fail to utilize the internet are on a losing streak. They will lose out to competitors that can offer the facilities and systems that consumers demand.Streamlining the payment process is key to this. By offering IVR systems and web portals, institutions cater to the needs of today’s consumers. These systems make it easy to use preferred payment methods. They also allow debtors to make payments at a time and location to suit them. By merely facilitating easy payments, the chances of receiving timely payments increase.In short, data suggests providing more convenient payment methods to your members is the easiest way to increase on-time payments in general.How BillingTree Can HelpBillingTree offers cutting-edge payment solutions for financial institutions. By providing advanced card services for credit unions, we simplify the process of making payments. No longer do credit unions, and small financial institutions need to write off bad debts. By taking steps to streamline the payments system, the process of debt recovery becomes simpler. Not only can financial institutions increase their revenue, but they can also maintain their brand integrity. Your member’s safety should take priority, so it only makes sense to couple that with convenience. By utilizing contactless forms of payment, you’re setting yourself up for success in 2021 and beyond. To learn more about what BillingTree can do for your business, schedule a free demo today! This post is currently collecting data…center_img This is placeholder text last_img read more

Governor Wolf Announces Plymouth Township, Luzerne County is Ready to Terminate Distressed Status

first_img May 03, 2016 Governor Wolf Announces Plymouth Township, Luzerne County is Ready to Terminate Distressed Status Economy,  Press Release,  Results Plymouth, PA – Governor Tom Wolf today announced that Plymouth Township’s status as a distressed municipality, under Act 47, has been terminated. Plymouth Township is the third municipality to exit Act 47 under the Wolf administration.“Today’s signing is a celebration of the hard work and commitment by Plymouth Township’s leaders and residents to taking the necessary steps for improving the financial position of the township,” said Governor Wolf. “The road to fiscal stability is paved with tough decisions, teamwork, and dedication. It’s through these hard moments that strong, stable communities are established in Pennsylvania.”Department of Community and Economic Development Secretary Dennis Davin issued a determination letter in Plymouth Township’s Municipal Building today, finding that termination of the township’s distressed status was appropriate under Section 255.1 of Act 47. Davin made the decision after a thorough review of the city’s audits, financial data, and the record from a public hearing held on March 10, 2016.“It’s been a long haul. It was a rough ride with nearly a million dollars in debt. We’ve had a lot of help from a lot of people,” said Gale Conrad, Chairperson of the Plymouth Township Board of Supervisors. “I thank the residents because they did without and they had faith in us. It has been a very hard, long storm, but with everybody, we weathered it. “The Hearing Officer’s report indicated the township is demonstrating sound financial management practices, is on stable financial footing and that all operating fund deficits have been eliminated. The Hearing Officer also determined that the city now has the tools to make the decisions necessary to maintain responsible budgets, meet its obligations to vendors and creditors and provide essential services to township residents.“Today’s ceremony is the result of hard work and effective, dedicated leadership. Twelve years ago Township Supervisors Gail Conrad, Ed Brennan, and the late Mike Manley made the difficult decision to ask the DCED for help. Plymouth Township was faced with hundreds of thousands of dollars in debt and needed a plan for its future,” said Senator John Yudichak. “In later years, township leaders, including my father Joseph Yudichak and Christine Koturak, helped keep the recovery on track and met the challenge of overcoming three floods. This exit from Act 47 is truly a credit to the entire community that rallied around their leaders to secure their future.”“It’s been a long journey for township officials to get to this point,” said Representative Gerald Mullery. “I applaud everyone for coming together to shed the label of being a distressed municipality.”Plymouth Township was designated as distressed under Act 47 on July 27, 2004. This determination was made after years of uncontrolled spending and inadequate financial day-to-day management. The township suffered from insufficient revenues, the inability to control expenditures, and using debt to maintain necessary services.The township, working with the Act 47 Coordinator and DCED, developed its original Recovery Plan in 2005. The plan, and its update in 2010, was designed to stabilize the township’s finances and operations. Along with many other components, the township’s recovery efforts included a change to a Home Rule Charter form of government, an increase in revenues supported by increasing the resident earned income tax rate, a countywide property reassessment in 2009, controls on expenditures, better overall management, and elimination of indebtedness.The Municipalities Financial Recovery Act, Act 47 of 1987, was enacted to provide a broad-based program of fiscal management oversight, technical assistance, planning and financial aid to municipalities experiencing severe fiscal distress.For more information on Act 47 or the Governor’s Center for Local Government Services visit www.newPA.com.Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolfcenter_img SHARE Email Facebook Twitterlast_img read more

Spain needs football, claims Real Madrid star

first_imgReal Madrid captain Sergio Ramos has claimed Spain needs football for economic support and to provide a distraction for fans. Players across Spanish football have begun to return to individualised training sessions after all 42 member clubs of La Liga – representing the top two divisions – underwent coronavirus testing last week. Spanish football has been suspended since the middle of March but 11 rounds of league action remain in the 2019/20 campaign, which La Liga chief Javier Tebas has continually insisted will be finished. “The country needs football for economic support and as a distraction for people,” Ramos told Movistar, as cited by Marca. “I’m dying to compete again and for La Liga to get back to normal, but we have to be disciplined to defeat this virus. “I would like to play at the Bernabéu but it is under construction at the moment. The important thing is they (the matches) are played.Advertisement Read Also: Messi donates €500k towards the fight against COVID-19 Tebas insisted on Movistar, as cited by Marca, that whilst the league will continue to adhere to advice from Spanish health authorities, they remain confident that there is a minimal risk of staging the remainder of the games. Diario AS have built upon an initial report from Cadena Ser that the league plan to get the campaign back underway with a Seville derby on 12 June and that there is a plan to complete the league fixtures by July with fixtures on every day. FacebookTwitterWhatsAppEmail分享 Loading… center_img “Our goal is to be champions.” Promoted ContentTop 7 Best Car Manufacturers Of All Time10 Risky Jobs Some Women Do6 Extreme Facts About Hurricanes18 Beautiful Cities That Are Tourist Magnets2020 Tattoo Trends: Here’s What You’ll See This YearMost Appreciated First Ladies In The History Of AmericaThe Funniest Prankster Grandma And Her GrandsonThe Best Cars Of All TimeWhich Country Is The Most Romantic In The World?8 Superfoods For Growing Hair Back And Stimulating Its GrowthA Hurricane Can Be As Powerful As 10 Atomic Bombs10 Big Movie Stars Who Got Famous Thanks To Soap Operaslast_img read more

Bucksport native wins at Autumn Trail Race

first_imgSULLIVAN — Bucksport’s Clifford Watson earned a first-place finish in the 8-mile run at Sunday’s Frenchman Bay Conservancy Autumn Trail Race.A total of 72 runners competed in the event at Sumner Memorial High School. The event featured 4- and 8-mile races and was held in conjunction with the Oct. 29 Wildlands Trail Race.Watson, 35, finished in 1 hour, 6 minutes, 31 seconds to beat out second-place finisher Eric Mauricette of Baileyville. Bar Harbor natives Jeremy Dougherty, Bryant Perkins and Peter Keeney finished third, fourth and fifth, respectively.In the 4-mile race, Tremont’s Finian Burns finished first with a time of 34:45. Bar Harbor’s Jennifer VanDongen was second, and Sol Lorio (Blue Hill), Rowan Gagne (Franklin) and Tim Fisher (Gouldsboro) rounded out the top five.This is placeholder textThis is placeholder textlast_img read more

Defensive mishaps plague No. 10 Syracuse in loss against No. 1 Connecticut

first_img Comments In a scoreless game midway through the first quarter, Connecticut lined up for a penalty corner. Abby Gooderham’s shot deflected off of two Syracuse defenders and under goalie Borg van der Velde’s pads. As the ball dribbled out, midfielder Jamie Martin and back Roos Weers repeatedly swung at it. They never completed the clear. Instead, Connecticut’s Jessica Dembrowski converted, sinking the ball into the back of the cage. This defensive error, along with two others throughout the game, overshadowed an otherwise strong defensive game by the No. 10 Orange in a 3-0 loss to No. 1 Connecticut Sunday afternoon at J.S Coyne Stadium.For the majority of Sunday’s loss, Syracuse’s defenders contained a potent offense. The Orange cleared odd-man rushes and deflected shots away from the cage and goalie Borg van der Velde. Untimely defensive errors where what plagued Syracuse in its second consecutive loss.“Statistically, we were dead even,” SU head coach Ange Bradley said. “It’s a matter of taking big moments and learning from them, which we will.”Connecticut (6-0), didn’t overpower Syracuse (3-2, 0-1 Atlantic Coast) with their offense like it has previous opponents. The Huskies average more than four goals per game, and have scored under 3 goals once. On Sunday, they tied the Orange in shots with six apiece and had what Bradley described as a nearly equal time of possession.AdvertisementThis is placeholder textEarly in the second half, freshman back Sasha Bull’s pass in from the sideline never made it to a Syracuse stick. Pieper intercepted the pass and carried the ball forward. Moments later she reverse hit the ball into the top portion of the Syracuse goal.“It happens,” Weers said regarding Bull’s turnover. “It’s up to me to ask for the ball there in the back, but like I said, it happens. Initially, I wasn’t too happy, but I just had to give her confidence, and she bounced back immediately.”The third UConn goal was similar to its first. With just over a minute left, Gooderham’s shot on the penalty corner was saved by van der Velde. The rebound bounced off of Weers’ shin and onto the stick of Svea Boker’s stick, and her diving shot found the back of the cage.“You have to box out, it’s just like basketball, and not stand up and watch it,” Bradley said regarding her team’s difficulty with clearing rebounds at times during the game. “When you have a 24- or 25-year-old Olympian, you can’t give a wide open shot to somebody like that.”With the exception of these three error, however, the Orange defenders didn’t allow the Connecticut attackers any open pathways to the cage. Less than 2 minutes after her turnover, Bull broke up a centering pass on a Connecticut attack, knocking the ball out of bounds off of a driving Husky. Bull and Weers, along with junior back Claire Webb, played all 70 minutes in the game.The bright spots against a top team are what excites Bradley headed into the ACC schedule.“It’s a learning moment,” she said. “Connecticut’s the gold standard, they haven’t lost a game in 29 games now, dating back to 2016.“We’ve got more opportunities in front of us, and we’ve just have to get out there on our own, practice, and get better,” Bradley continued. “This is an opportunity of where do we want to get in November.” Facebook Twitter Google+center_img Published on September 9, 2018 at 7:14 pm Contact Andrew: [email protected] | @CraneAndrewlast_img read more