continue reading » As the CFPB contemplates regulations governing small business lending, credit unions are asking the agency to ensure that any rules do not conflict with NCUA requirements and do not require data collection that could be misleading.The CFPB held a field hearing on small business lending in Los Angeles Wednesday and agency officials said that they are soliciting advice on how to collect data on small business lending—a requirement under the Dodd-Frank Act.“Given the importance of small businesses to our economy and their critical need to access financing if they are to prosper and grow, it is vitally important to fill in the blanks on how small businesses are able to engage with the credit markets,” CFPB Director Richard Cordray said in remarks prepared for the hearing.NAFCU is asking the agency to exempt credit unions from any new rules that requires disclosure of business loan information. 14SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
The public will decide on the expansion of the aquatic centre fitness facilities that will cost $1.5 million at referendum this year, but local business owners want the community to have more information about the true impact of this cost before the vote. The vision to expand the fitness centre that operates under the Grand Forks Recreation Commission has been in the works for 11 years. The first proposal went before council in 2000 with a price tag of only $240,000 but was rejected. In 2010 the commission put it back on the table with new drawings and cost estimates. In April they recommended to the board of the Regional District of the Kootenay Boundary that the project proceed to referendum. Brian Johnson, owner of Flexus Body Systems, questioned the decision to proceed with the expansion at the aquatic centre. Johnson noted that financial reports on the aquatic centre show losses every year. The aquatic centre announced in March that it will be closed for six weeks this fall in order to manage their budgets. “Usually if one wants to expand a business it’s because they’re busting at the seams,” said Johnson. “Is it really worth the cost of going to referendum for this decision? If the centre is already running at a deficit, to expand into another 3000 square foot facility, it’s going to be an ongoing cost. You take a losing situation – it might not be the best investment for the future.” Johnson said there needs to be more information provided to the public about the actual costs of the facility and the construction and consideration given to how $1.5 million could be better used in other recreation options around the community. “With a non-profit organization like the aquatic centre, conflict (can happen) with businesses in Grand Forks who form the tax base. We were never approached to see if we had concerns. We’ve been in competition before,” Johnson added noting the lack of community input on the project. The existing facility is 600 square feet full of equipment, accessible only by crossing the pool deck which limits access to staff availability. “We have a maximum capacity of maybe eight to 10 people on a good day,” explained Mackey. “We’ve been running classes of close to 20 – 25 people in that space for a number of years. A lot of the initiative for this project has come from our user groups who have expressed concern.” Mackey said that people have had to be turned away from classes because of the restrictions on the space. The new design can hold up to 50 people in the fitness centre and another 50 in the studio a total of just under 3000 square feet. Mackey said cost estimates as of November 2010 totalled upwards of $1.5 million. The new facility would see 32 additional hours a week of operation for the fitness facility using 46 staff hours per week. One of the spin offs would be freeing over 2000 sq ft of activity rooms in the arena that potentially could be used as a youth centre for the community, explained Mackey. The building will include environmentally friendly designs using no fossil fuels and will see a net zero increase to carbon footprint of facility. “There’s always the question about how it’s going to impact the private sector. The private sector is demand driven, whereas the public sector is need driven. GF Rec does not compete with Flexus, Curves or Jazzercise. We offer services to all socio-economic and demographic sectors. We do not duplicate services with them,” Mackey commented. Grand Forks council accepted the presentation made by Mackey at their Jun. 27 meeting, and made a motion at their Jul. 18 meeting to support the referendum on the expansion question at the upcoming elections in November.
Typhoon Kammuri accelerates, gains strength en route to PH For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. CPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA QC cops nab robbery gang leader, cohort Chief Justice Peralta on upcoming UAAP game: UP has no match against UST PLAY LIST 01:00Chief Justice Peralta on upcoming UAAP game: UP has no match against UST00:50Trending Articles02:13UAAP Season 80 preview: UST Growling Tigers01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Read Next Don’t miss out on the latest news and information. Stronger peso trims PH debt value to P7.9 trillion Japan ex-PM Nakasone who boosted ties with US dies at 101 READ: UST averts winless season, beats UEThe win also marked the end of one of the darkest times in the school’s rich basketball history after the Tigers dropped their first 13 games of the season-17 straight dating back to last season-easily their worst performance in the UAAP.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutAfter the buzzer, Lee shared a moment with his coach Boy Sablan, who took majority of the flak for all the losing.“We endured a lot and that made us players closer to coach because we always want to make up for the losses,” said the 5-foot-8 playmaker. Kammuri turning to super typhoon less likely but possible — Pagasa MOST READ “We were beaten, but we continue to fight until we get the win. We always fall short, but even though we’re losing, we still stick together, go back in training, and try to correct our mistakes.”The 20-year-old was also touched to see the support of the UST community, which came out at the Smart Araneta Coliseum for the team’s final game.“For me, whenever they cheer, it’s really a big boost for us, especially when we got the lead. I feel like we have someone backing us up and won’t let us down. So we don’t want to let them down,” he said.And as UST turns the page and move on from this nightmare of a campaign, Lee is hopeful that the Growling Tigers will be a much better team.“This is not just for coach Boy, but also for the whole UST community,” he said. “I hope whatever we endured will be a lesson for us, an inspiration for the next season. I hope we can recover next year.”ADVERTISEMENT Brace for potentially devastating typhoon approaching PH – NDRRMC Pasaol pleased with UE’s campaign despite 3-11 record LATEST STORIES John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding UST Growling Tigers. Photo by Tristan Tamayo/INQUIRER.netUniversity of Santo Tomas may have had a tumultuous season, but Marvin Lee found relief after the Growling Tigers escaped the ignominy of ending UAAP Season 80 without a win.“It feels good to win. It’s like we feel like champions. I just thank the Lord because he fulfilled my wish for us to win at least one, that we won’t be 0-14,” said the UST captain a thrilling 88-85 victory over University of the East on Sunday.ADVERTISEMENT View comments
Northern Districts Touch Association (NDTA) is one of the oldest affiliates in Western Australia. It is also one of the largest, officially taking the title of second largets, with 87 teams taking part in the Summer 2004/2005 season. NDTA are also now a direct member of Touch Football Australia (TFA). Numbers are expected to grow again for 2005/2006, as the sport is thriving through extensive publicity, marketing and promotional campaigns undertaken throughout WA. AusTouch, the junior Touch program aimed at introducing children to the sport and building growth, is absolutely booming in WA and Northern Districts is only one of the many WA afilliates benefiting from the growth of the sport. The club operates from Doubleview, an inner suburb of Perth and has a major leadership role with respect to the development of the sport throughout WA. President of NDTA, Steve Whitfield, may have only been recently appointed but he and his affiliate have already been very supportive of the TFA unitary model of governance after he was introduced to the concept only a few months ago. NDTA is also seen as the breeding ground for new referees and is known to have more higher level badged referees than anywhere in WA. Both their Mens Open and Womens Open representative teams have also had recent success, winning Silver at the 2005 State Championships. With club membership bursting at the seams (and having only 5 fields), they continually refer players and teams to surrounding clubs with whom they have a positive relationship. Touch Football Australia is delighted to welcome NDTA on board and we look forward to servicing their affiliate and helping their growth to continue.
DETROIT — General Motors strengthened its pretax profit estimate for 2018 and predicted even stronger performance for 2019 as it executives made a presentation to investors on Friday.CEO Mary Barra also says the company doesn’t foresee any further job cuts through 2020. Last year GM announced plans to close five North American factories and lay off 14,000 salaried and blue-collar workers.The company predicts 2018 pretax profits will be higher than the $5.80 to $6.20 range it forecast in the third quarter. For 2019, it expects that to increase to $6.50 to $7.The rosy profit forecast comes despite declining sales for the company in the U.S. and slowing sales in China. GM also plans to exit several car lines in the U.S. in the coming year.The Associated Press
Council will review the policy on Monday and determine the next steps to update the snow removal policy. The full report being presented to Council is below. Snow removal is a source of financial stress for the City with snowfall amounts being unpredictable, finding the most financially efficient way to move the snow is an asset.With the 2017 and 2018 budgets exceeding the allocated snow clearing funds due to heavy snowfall. Having the right equipment and system in place is a must to ensure priorities for snow and ice control for streets, parking lots, and sidewalk/trails.The draft policy that will be presented to Council on Monday identifies priorities for snow and ice control for streets, parking lots, and sidewalk/trails. It also identifies levels of response which are operationalized in the administrative procedure.The draft also allows for the use of contracted services to help with clearing the streets and parking lots. Typically the contractors would work in a residential area, allowing City crews to move back to higher priority areas if required. It also allows for the ability to open a street, to make it safer to drive one – although it is not cleared from curb to curb. Crews would later go back and clear the street from curb to curb. FORT ST. JOHN, B.C. – Fort St. John City Council will hear from City staff Monday about a new plan for clearing snow in the City.Staff say the City can’t meet the existing policy directive with current resources. During the last review of the policy in 2010, staff changed to the current procedure that takes much longer to remove snow but doesn’t block residential drives. Before 2010, plow trucks were used to remove snow with clearing completed within one to two days, yet the plows filled peoples driveways.Council asked staff before Christmas to review the current procedure and policy to align the two and to improve efficiencies.
Hyderabad: Retired Supreme Court judge N Santosh Hegde Tuesday said Articles 35A and 370, giving special status to Jammu and Kashmir, are required to be scrapped as they run counter to the rights of other states. He said in 1948 when the Maharaja of Kashmir agreed to merge the state of Kashmir with India, certain assurances were given to the people by introducing Article 35A and Article 370 of the Constitution. Though the wording of this looks like the assurance is “permanent”, in the background in which it was given and the consequential things that have happened in the nation indicate it’s not possible to continue these articles because if Kashmir is an integral part of India, it can’t have a separate status compared to other states, Hegde said. Also Read – Uddhav bats for ‘Sena CM’ “So, in today’s context both the articles are causing a lot of problems for the country as a whole”, the former Solicitor General of India told PTI in an interview. “So, I don’t think it’s possible to continue that article”. He said “today’s situation” requires those articles to be scrapped because certain autonomy given under that Act would run counter to the rights of other states and if Kashmir is an integral part of India, then it must have only an equal status with others. Also Read – Farooq demands unconditional release of all detainees in J&K “I think 70 years have gone by…whatever was the purpose of those articles…according to me, it has served that purpose. Therefore, now it can’t be said that Kashmir is not an integral part of India. Therefore, these two articles do not have any place in the constitution anymore”, the former Karnataka Lokayukta said. Article 370 grants special status to J&K and 35A prohibits outsiders from purchasing land and property in that state. The BJP has in its election manifesto promised to repeal the articles if it retains power after the Lok Sabha polls. Meanwhile, referring to campaigning by political parties for the ongoing Lok Sabha elections, Hegde, a former Advocate General of Karnataka, said “We have come to the lowest possible standards in our electioneering now”. Hegde mentioned in particular controversial comments made by Union Minister Maneka Gandhi regarding “minorities’ votes” and Samajwadi Party leader Azam Khan on his BJP opponent and film actor Jaya Prada. “Politics is in the lowest ebb possible today. I think unless there is a change in the thinking and moral standard of these politicians go up, I think we are in big trouble in the days to come”, he said. Irrespective of political parties, some of their members have gone to such a level that they don’t deserve to be in politics, he said. “And this is not the political campaign India would have expected from its leaders. It’s a very cheap and low level of campaigning, without any moral standards”, he said. “Unfortunately, it’s not confined to only one political party. Every day standard is coming so low, it’s a very sad thing that in a country of values like India, that we have to suffer this”, Hegde said.
Tokyo: Emperor Akihito of Japan formally stepped down Tuesday, the first abdication for 200 years in the world’s oldest monarchy, as his son Naruhito prepared to take the Chrysanthemum Throne and usher in a new imperial era. In the “Room of Pine” in Tokyo’s Imperial Palace, the popular 85-year-old performed the abdication ritual in the presence of the imperial regalia — an ancient sword and sacred jewel that are considered to legitimise an emperor. Also Read – India gets first tranche of Swiss account details under automatic exchange frameworkIn his final speech, Akihito offered his “deepest heartfelt gratitude to the people of Japan” and said he would “pray for the peace and happiness of all the people in Japan and around the world.” Despite near-constant rain in Tokyo, several hundred wellwishers congregated outside the Palace during the historic ceremony attended by around 300 people, including Prime Minister Shinzo Abe and around a dozen members of the royal family. “I feel overwhelmed emotionally,” said a tearful Yayoi Iwasaki, a 50-year-old bank employee, standing outside the palace. “In the past, enthronements followed the death of emperors and people weren’t sure whether they should be happy and celebrating, but with this transition, I am sure that we can celebrate while welcoming the new era,” she said.
New Delhi: Delhiites woke up to a hot Wednesday morning, with the maximum temperature expected to cross 40 degrees Celsius. The Safdarjung observatory, recording of which is considered the official figure for the city, said the minimum temperature has settled at 23.6 degrees Celsius. The maximum temperature is expected to hover around 42 degrees Celsius. The relative humidity recorded at 8.30 AM was 39 per cent. The weatherman has predicted mainly clear sky with dusty winds during the day. On Tuesday, the maximum temperature was recorded at 41.2 degree Celsius and the minimum temperature was recorded at 21.8 degree Celsius.
The NBA is changing. For one, there is an imminent lockout. Owners want to find ways to make even more money. Players are quite happy with the current collective-bargaining agreement, and who can blame them for wanting to keep a system that can net Travis Outlaw a four-year, $28 million contract and Amir Johnson $34 million over five years? That’s highway robbery. But the association is also seeing a changing of the guard in terms of its upper echelon of teams. The San Antonio Spurs, Los Angeles Lakers and Boston Celtics, who have combined to win 10 of the past 12 NBA titles, are officially in decline. Their championship dreams have been locked out. The No. 1-seeded Spurs were stunned by the upstart No. 8 Memphis Grizzlies in the opening round. The wheels on their Tim-Duncan-Manu-Ginobili-Tony-Parker machine have significant wear and tear. Rarely are all three healthy at once, and their roster lacks young talent. The Lakers were embarrassed in a four-game sweep at the hands of the Dallas Mavericks. Kobe Bryant, L.A.’s fading superstar, must find away to reinvigorate himself, his team and the organization, especially considering the Lakers’ legendary coach, Phil Jackson, appears to have paced the sidelines for the last time. Boston’s loss at home to the Heat in Game 4 sealed its fate, as this was its last legitimate shot at another ring. Its bench has been transformed into an infirmary and it, too, probably will lose its title-winning coach, Doc Rivers, after the season. Of course, everything is cyclical in the NBA. Magic’s Lakers and Bird’s Celtics gave way to Isiah’s Pistons, who were eventually topped by Jordan’s Bulls. The Spurs started their run the year after Jordan’s second retirement in 1998, ironically after a lockout shortened the regular season to 50 games. So, who are the teams next in line to carry the NBA’s mantle? I give you the Miami Heat, the Chicago Bulls and the Oklahoma City Thunder. The Heat, spearheaded by their 2 1/2 superstars, will continue to attract other talented teammates to South Beach. Dwyane Wade and LeBron James are just hitting their peak years and should be even better in the future, after going through mutual struggles in year one of their grand experiment. Derrick Rose, the MVP, will continue his ascent to stardom and attempt to lead his defensive-minded Bulls back to their former glory, reached under His Airness. And finally, the Thunder, who not only play as if they love one another but perform in a town that loves them back. The parts are all there for a title run, but one question remains: Can Kevin Durant, the NBA’s scoring champ and the anti-LeBron, coexist with his headstrong, ultra-athletic point guard, Russell Westbrook? Fans may have to wait to see all of this unfold. It’s virtually certain there will be a lockout. Let’s hope it doesn’t last long enough to rob fans of seeing a new era of great basketball teams.