Kelli Smith | The Observer A student hugs Pete Buttigieg after his rally in Cedar Rapids, Iowa, on Saturday.The rally took place in Cedar Rapids on Saturday and was one of Buttigieg’s “Get Out The Caucus” events in Iowa. A presidential candidate vying for the momentous Iowan vote, Buttigieg made his last pitch to those in the area in hopes of earning their support before Monday’s caucuses.The night before the rally, 11 Notre Dame students traveled from South Bend to Cedar Rapids through a trip funded by the Pete for America campaign. The self-organized group hoped to impact the political process, sophomore Matheo Vidal said. Buttigieg’s position as former mayor of South Bend made that possible.“We’ve been really lucky to have a presidential campaign in our backyards,” Vidal said.Iowa was the first state to participate in the 2020 election season and has been the stomping ground for most presidential hopefuls in recent months. Democratic candidates had the chance to earn 41 delegates of the 1,991 needed to win the party’s nomination.Students who participated in the trip took part in a range of political events in Iowa until Monday evening, including Saturday’s rally and canvassing across Cedar Rapids on Sunday. CEDAR RAPIDS, IA — Pete Buttigieg took the stage in front of a roaring crowd. More than 600 women, men, children and voters cheered rambunctiously as the presidential hopeful launched into one of his last pleas for Iowan Democrats. As he spoke, a group of Notre Dame students huddled together, waving vibrant “Pete 2020” signs and clamoring for a closer look at one of Buttigieg’s last rallies before the Iowa caucuses.“The energy is crazy,” sophomore Hayleigh Rockenback said. “Everyone’s just so happy.” Kelli Smith | The Observer A group of 11 Notre Dame students attended one of Pete Buttigieg’s last rallies on Saturday before the Iowa Caucuses.“It [was] really exciting to be in Iowa and feel the democratic spirit,” sophomore Emma Dudrick said.Though they met Iowans with ideologies across the political spectrum, most residents remained civil and respectful as students canvassed door-to-door, Rockenback said.“We were real-life people there to answer questions, which I think just makes such a big impact, more so than like reading it online or watching the news,” she said.As a New York native, Dudrick said she was initially upset since her home state is “so important electorally” yet receives little attention compared to Iowa. After being in Cedar Rapids, however, she says her viewpoint changed.“Being here, the people here are so involved and they care so much,” Dudrick said. “I thought the caucus was kind of a weird thing, but it’s so amazing [how] the people here are so involved [and] I think it’s because of where they are.”After hearing about how most Iowans tend to attend rallies for each candidate ahead of the caucuses, Rockenback realized how immersed Iowans are in the election.“I didn’t even realize it was such a big deal until I got here,” Rockenback said. “People take it very seriously.” Kelli Smith | The Observer Sophomores Hayleigh Rockenback and Emma Dudrick look at their list of Iowan houses they planned to visit on Sunday to canvass for Pete Buttigieg, the former South Bend mayor.Coming from Notre Dame, Dudrick asserted the “unique” political landscape on campus made her more considerate of issues prominent in the 2020 election cycle since she’s met people with both similar and opposing views on campus.“It’s just so interesting that we don’t go to a very, very liberal school, so we get to have those conversations with people,” she said.Rockenback said participating in the political process on the ground in Iowa made her aware of the tangible impact she could have on the election, no matter the caucus results.“I feel like I’m making a real impact,” she said.Tags: 2020 election season, Iowa caucuses, Pete Buttigieg
$0.18 203,427 137,831,574 2010 Operating income 1,166 March 26, Loss on financial instruments, net GREEN MOUNTAIN COFFEE ROASTERS, INC. Unaudited Consolidated Statements of Operations (Dollars in thousands except per share data) 43,499 GREEN MOUNTAIN COFFEE ROASTERS, INC. Unaudited Consolidated Statements of Operations (Dollars in thousands except per share data) $0.46 131,263,638 Cost of sales 158,034 $0.25 (22,730) Less: Net income attributable to noncontrolling interests Diluted income per share: Basic income per share: 79,745 (As Restated)Net sales General and administrative expenses 131,116,251 Diluted income per share: weeks ended 4,045 Income tax expense 102,103 Less: Net income attributable to noncontrolling interests 473 24,464 436 $67,784 Thirteen Basic weighted average shares outstanding Interest expense 110 Cost of sales General and administrative expenses 39,169 5,624 2011 (1,881)Income before income taxes 65,808 Operating income 68,257 March 27, 24,055 $0.48 Gain on foreign currency, net Net income attributable to GMCR (16,672) $1,221,806 141,784,994 Diluted weighted average shares outstanding Net income weeks ended weeks ended 119,611 $647,658 2011 141,579,543 Net income (354)Gain on foreign currency, net Diluted weighted average shares outstanding Other income (expense) 835,351 Twenty-six weeks ended 147,558,595 96,626 (As Restated)Net sales (22,925)Net Income (133)Loss on financial instruments, net March 26, 386,455 $667,105 Income tax expense Interest expense Other income (expense) Gross profit 404,803 214,103 Selling and operating expenses 114,650 – – 1,078 142,891 – 463,678 (5,959) 43,251 (15,114)Net Income March 27, 47,636 (12,301) – Gross profit 40,135 $321,953 137,628,396 2010 Twenty-six (36,295) (833)Income before income taxes (46,393) Selling and operating expenses 34,115 Green Mountain Coffee Roasters, Inc., (NASDAQ: GMCR), a leader in specialty coffee and coffeemakers, today announced its fiscal 2011 second quarter results for the thirteen weeks ended March 26, 2011. Revenues doubled over the second quarter of 2010 and net income nearly tripled. GMCR also announced that it was initiating a new stock offering (see related story). Second Quarter Fiscal 2011 Performance Highlights*Net sales up 101% over the same period in fiscal 2010GAAP EPS of $0.44; Non-GAAP EPS of $0.48GAAP operating income increases 198% over Q2’10; Non-GAAP operating income improves 178% over the year ago quarterGAAP net income increases 172% over Q2’10; Non-GAAP net income up 147% over Q2’10Second Quarter Fiscal 2011 Results*Net sales for the second quarter of fiscal 2011 increased 101% to $647.7 million as compared to $322.0 million for the second quarter of fiscal 2010. Under Generally Accepted Accounting Principles (GAAP), net income for the second quarter of fiscal 2011 totaled $65.4 million, or $0.44 per diluted share, representing an increase of 172% as compared to GAAP net income of $24.1 million, or $0.17 per diluted share, for the second quarter of fiscal 2010.The Company’s non-GAAP net income for the second quarter of fiscal 2011 increased 147% to $71.5 million, from non-GAAP net income of $28.9 million in the second quarter of fiscal 2010. Second quarter fiscal 2011 non-GAAP net income excludes pre-tax items of: $1.9 million in Van Houtte transaction-related expenses, $11.7 million in amortization of identifiable intangibles related to the Company’s acquisitions, $0.4 million in legal and accounting expenses related to the SEC inquiry and pending litigation, and a $3.0 million tax benefit related to the reversal of certain non-deductible acquisition-related expenses incurred in prior quarters which are now deemed deductible in accordance with recently enacted tax regulations. Second quarter fiscal 2010 non-GAAP net income excludes pre-tax items of: $4.8 million in transaction-related expenses for the Diedrich acquisition and $3.1 million in amortization of identifiable intangibles related to the Company’s prior acquisitions.On the same basis of presentation, GMCR’s non-GAAP earnings per diluted share increased 131% to $0.48 in the second quarter of fiscal 2011 from $0.21 in the second quarter of fiscal 2010.‘We believe healthy post-holiday in-store brewer inventory levels and positive word of mouth from enthusiastic Keurig owners combined to help drive a very strong fiscal second quarter for GMCR,’ said Lawrence J. Blanford, GMCR’s president and CEO.The Keurig® Single-Cup Brewing system brews a perfect cup of coffee, tea, hot cocoa or iced beverage in under one minute at the touch of a button.‘We believe we are in the early stages of potential Keurig system adoption in North America and continue to work to scale our operations, processes and workforce to meet both the current and expected demands of the business,’ said Blanford. ‘The addition of leading, nationally recognized brands like Dunkin’ Donuts, Starbucks and Swiss Miss to the Keurig Single-Cup Brewing system expands customer choice within the system, fuels new excitement by current Keurig owners and users, raises system awareness, and has the potential to attract new consumers to the system.’Fiscal 2011 Second Quarter Financial Review*Approximately 82% of consolidated net sales in the second quarter were from the Keurig brewing system and its recurring K-Cup® portion pack sales, including Keurig-related accessory sales.Net sales from K-Cup® portion packs totaled $411.8 million in the quarter, up 94%, or $199.1 million, over the same period in 2010.In response to rising green coffee costs and increases in other input costs, in September 2010 the Company announced a price increase on all K-Cup® portion packs beginning on October 11, 2010. The price increase was fully implemented across all channels as of February 2011. In the second quarter of fiscal 2011, the price increase improved net sales by approximately 10.3% over what net sales would have been if calculated based on the pricing for K-Cup® portion packs in effect during the prior year period.Net sales from Keurig brewers and accessories totaled $116.2 million in the quarter, up 86%, or $53.8 million, from the prior year period.Supporting continued growth in K-Cup® demand, GMCR sold 1.2 million Keurig brewers during the second quarter of fiscal 2011. This brewer shipment number does not account for consumer returns to retailers. We estimate that GMCR brewer shipments represented approximately 91% of total brewers shipped with Keurig technology in the period.The acquisition of Van Houtte completed on December 17, 2010 contributed $100.5 million to consolidated net sales, after eliminating the effect on consolidated net sales of K-Cup® portion pack sales to Keurig by Van Houtte and royalties recorded by Keurig from Van Houtte.Second quarter fiscal 2011 gross margin was 37.5% of total net sales compared to 33.5% for the corresponding quarter in fiscal 2010.The Company increased its GAAP operating income by 198%, to $119.6 million, in the second quarter of fiscal 2011 as compared to $40.1 million in the year ago quarter.GMCR’s second quarter fiscal 2011 non-GAAP operating income of $133.6 million increased 178% over non-GAAP operating income of $48.0 million in the second quarter of fiscal 2010. Non-GAAP operating income represented 20.6% of net sales in the second quarter of fiscal 2011 and 14.9% of net sales in the second quarter of fiscal 2010.The Company’s tax rate for the second quarter of fiscal 2011 was 35.5% as compared to 38.6% in the prior year quarter reflecting a lower corporate income tax rate in Canada from the Van Houtte acquisition and due to the recent Internal Revenue Service Revenue Procedure 2011-29 which allows taxpayers to deduct 70% of the previously non-deductible success-based fees incurred in connection with certain acquisitions.Diluted weighted average shares outstanding increased 7% to 147.6 million in the second quarter of fiscal 2011 from 137.8 million in the second quarter of fiscal 2010 primarily due to the issuance of 8.6 million shares of common stock to Luigi Lavazza S.p.A in a private placement on September 28, 2010.Balance Sheet HighlightsCash and short-term cash investments were $64.5 million at March 26, 2011, up from $62.9 million at December 25, 2010.Accounts receivable increased 77% year-over-year to $226.8 million at March 26, 2011, from $128.2 million at March 27, 2010, reflecting continuing sales growth.Inventories were $300.8 million at March 26, 2011 including $29.5 million of Van Houtte-related inventories. This compares to $262.5 million at September 25, 2010.Debt outstanding increased to $1.060 billion at March 26, 2011 from $354.5 million at September 25, 2010 primarily as a result of the Company’s acquisition of Van Houtte on December 17, 2010.The Company is pursuing a sale of the Filterfresh U.S.-based coffee services business portion of its Van Houtte acquisition, which is classified as ‘assets available for sale’ in the Company’s financial statements, and expects to use any proceeds from an ultimate sale to reduce debt.Business Outlook and Other Forward-Looking Information*Company Estimates for Fiscal Year 2011The Company provided the following revised estimates for its fiscal year 2011.Total consolidated net sales growth of 82% to 87%, up from previous net sales growth guidance of 75% to 80%.The Company increased its 2011 non-GAAP earnings per diluted share range to $1.43 to $1.50 per diluted share from $1.19 to $1.29 per share, excluding any acquisition-related transaction expenses; legal and accounting expenses related to the SEC inquiry, the Company’s internal investigation and pending litigation; amortization of identifiable intangibles related to the Company’s acquisitions; deferred financing costs; and, foreign exchange impact of hedging the risk associated with the Canadian dollar purchase price of the Van Houtte acquisition.Capital expenditures for fiscal 2011 in the range of $275 million to $305 million, up from previous capital expenditure guidance of $245 million to $290 million.Company Estimates for Third Quarter Fiscal Year 2011The Company also provided its first estimates for its third quarter of fiscal 2011:Total consolidated net sales growth of 90% to 95%.Non-GAAP earnings per share in the range of $0.34 to $0.38 per diluted share excluding any acquisition-related transaction expenses; legal and accounting expenses related to the SEC inquiry, the Company’s internal investigation and pending litigation; deferred financing costs; and, amortization of identifiable intangibles related to the Company’s acquisitions.*All comparisons to prior periods reflect restated financial results for those periods as reported in Annual Report on Form 10-K filed December 9, 2010. A complete reconciliation of the Company’s GAAP to non-GAAP results is provided with this announcement.Use of Non-GAAP Financial MeasuresIn addition to reporting financial results in accordance with generally accepted accounting principles (GAAP), the Company provides non-GAAP operating results that exclude certain charges or credits such as acquisition-related transaction expenses, legal and accounting-related expenses associated with the SEC inquiry, the Company’s internal investigation and pending litigation, foreign exchange impact of hedging the risk associated with the Canadian dollar purchase price of the Van Houtte acquisition, and non-cash related items such as amortization of identifiable intangibles, each of which include adjustments to show the tax impact of excluding these items. These amounts are not in accordance with, or an alternative to, GAAP. The Company’s management believes that these measures provide investors with transparency by helping illustrate the underlying financial and business trends relating to the Company’s results of operations and financial condition and comparability between current and prior periods. Management uses the measures to establish and monitor budgets and operational goals and to evaluate the performance of the Company. Please see the ‘GAAP to Non-GAAP Reconciliation of Unaudited Consolidated Statements of Operations’ tables that accompany this press release for a full reconciliation the Company’s GAAP to non-GAAP results.Conference Call and WebcastGreen Mountain Coffee Roasters, Inc. will be discussing these financial results with analysts and investors in a conference call and live webcast available via the Internet at 5:00 p.m. ET today, May 3, 2011. Management’s prepared remarks on its quarterly results will be provided via a Current Report on Form 8-K and also posted under the events link in the Investor Relations section of the Company’s website at www.GMCR.com(link is external). As a result, the conference call will include only brief remarks by management followed by a question and answer session. The call along with accompanying slides is accessible, via live webcast from the events link in the Investor Relations portion of the Company’s website at http://investor.gmcr.com/events.cfm(link is external). The Company archives the latest conference call for a period of time. A replay of the conference call also will be available by telephone at (719) 457-0820, Passcode 6217671 from 9:00 p.m. ET on May 3, 2011 through 9:00 PM ET on Sunday, May 8, 2011.About Green Mountain Coffee Roasters, Inc.As a leader in specialty coffee and coffee makers, Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR), is recognized for its award-winning coffees, innovative Keurig Single-Cup brewing technology, and socially responsible business practices. GMCR supports local and global communities by offsetting 100% of its direct greenhouse gas emissions, investing in sustainably-grown coffee, and donating at least five percent of its pre-tax profits to social and environmental projects.GMCR routinely posts information that may be of importance to investors in the Investor Relations section of its website, including news releases and its complete financial statements, as filed with the SEC. The Company encourages investors to consult this section of its website regularly for important information and news. Additionally, by subscribing to the Company’s automatic email news release delivery, individuals can receive news directly from GMCR as it is released.Forward-Looking StatementsCertain statements contained herein are not based on historical fact and are ‘forward-looking statements’ within the meaning of the applicable securities laws and regulations. Generally, these statements can be identified by the use of words such as ‘anticipate,’ ‘believe,’ ‘could,’ ‘estimate,’ ‘expect,’ ‘feel,’ ‘forecast,’ ‘intend,’ ‘may,’ ‘plan,’ ‘potential,’ ‘project,’ ‘should,’ ‘would,’ and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Owing to the uncertainties inherent in forward-looking statements, actual results could differ materially from those stated here. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the impact on sales and profitability of consumer sentiment in this difficult economic environment, the Company’s success in efficiently expanding operations and capacity to meet growth, the Company’s success in efficiently and effectively integrating the Company’s acquisitions, the Company’s success in introducing and producing new product offerings, the ability of lenders to honor their commitments under the Company’s credit facility, competition and other business conditions in the coffee industry and food industry in general, fluctuations in availability and cost of high-quality green coffee, any other increases in costs including fuel, Keurig’s ability to continue to grow and build profits with its roaster partners in the At Home and Away from Home businesses, the Company experiencing product liability, product recall and higher than anticipated rates of warranty expense or sales returns associated with a product quality or safety issue, the impact of the loss of major customers for the Company or reduction in the volume of purchases by major customers, delays in the timing of adding new locations with existing customers, the Company’s level of success in continuing to attract new customers, sales mix variances, weather and special or unusual events, the impact of the inquiry initiated by the SEC and any related litigation or additional governmental investigative or enforcement proceedings, as well as other risks described more fully in the Company’s filings with the SEC. Forward-looking statements reflect management’s analysis as of the date of this release. The Company does not undertake to revise these statements to reflect subsequent developments, other than in its regular, quarterly earnings releases.GMCR-C $34,115 59,165 242,855 Net income attributable to GMCR $65,372 $24,055 $0.26 Basic weighted average shares outstanding 107,850 – Net income Net income Thirteen 85,530 $0.17 147,310,364 $0.46 $0.44 Basic income per share: 57,040
At a recent conference, the speaker pointed out a “viral” TD Canada YouTube video series with an Automated Thanking Machine. In this campaign, a (very expensive) fake ATM is filmed by a (very very expensive) camera crew from a (super expensive) agency as a customer is greeted by (an extremely expensive) Jose Bautista and invited to throw out the (ridiculously expensive) first pitch at a Blue Jays game. This is just one video in a series of many. Of course, the video was a viral hit, much like the famous WestJet Christmas Miracle campaign and the Banco Sabadell orchestra flashmob.As marketers, we get excited about great brand messages like these, but there is a temptation to think that “going viral” is a good target for our own local brands. Aside from the extreme expense, which few if any brands in the conference room could match, it was easy to forget that the ad was being presented by an American presenter in a Las Vegas hotel to a bunch of industry fanboys & girls. In the whole room of 1,000+, not one person was likely to become a TD customer. I wondered how much of TD’s massive spend was reaching eyes just like mine: irrelevant ones.EGO vs. ROIIn a way, “going viral” is much more about pride than good marketing. This is not a judgement of any brand or marketer, but self-reflection. In my interview for my current position, I highlighted a viral success of my own (ad 1, 2, 3) which earned 4,000 organic views overnight and quickly earned more than 24,000 total views with no promotion. I was, and am, very proud of them. But what I didn’t mention in that interview, mostly because it simply had not occurred to me at the time, was that almost none of these views were from a relevant audience.The ads were voiced and directed by this guy, who has a loyal following of tens of thousands worldwide. (Let alone the US, let alone Colorado, let alone Denver county, let alone target) The ads were picked up by several industry pubs, so a whole bunch of credit union marketers were geeking out about them worldwide. (Let alone the US, let alone…) We even got emails from credit unions in New York, California, Canada and Scotland asking to borrow the material. Finally, there were thousands of views from the general public… worldwide. Yay for Math!Let’s take our meager investment of $1,500 for the series. If we say the campaign earned 24,000 views, it’s only 6 cents per view! But if we remove 15,000 views from Jeff’s fan base, and another 4,000 from CU marketers, we’re left with 4,000 views. Still a respectable 37 cents per view. Now, consider that the rest might be evenly distributed across America’s 319 million people. All of the sudden, we’re left with just about 1 relevant viewer… me! No wonder I liked them! Apparently I spent $1,500 just to tickle my ego. If my field of membership reached as wide as TD’s, maybe I could justify the spend, but like most of my credit union peers, it doesn’t and I can’t.While these videos were created long before we had a built-in Facebook audience, which certainly would have reached a higher percentage of relevant viewers, it doesn’t change the fact that the “viral” nature of these ads did not produce nearly as many relevant viewers as a $10 boosted post of any video would have.The Struggle is RealThe worldwide web is great at being, well, worldwide – but it isn’t good at being local. At least not for free. But even if there’s no value in going viral outside your market area, it’s at least a lot of fun – well, usually. Going viral stinks if it costs you lots of money.To give an example outside of the realm of video, my credit union recently had our $150 bounty offer go “viral” when it was picked up by sites like FatWallet and SlickDeals. These sites show people how to get free money by opening and closing bounty accounts. We had people opening accounts from all over the country just to get $150.Say that, of the general population, there are only .25% of people who have the time and enough screws loose to go through all of this work over the course of months just for $150. Of those, say 10% follow sites like FatWallet. Here’s how the numbers break down:US population: (319M * .25%)*10% = 79,750 potential abusersTo limit the damage, we added a requirement to open your account in a branch. While the major damage had already been done, this move turned that math in our favor by excluding 99% of the US population, including many legitimate new accounts:People near a branch: (13M * .25)*10% = 3,250 potential abusers How to Make the World Wide Web LocalI loved seeing my work spread from person to person so quickly, and I think it is awesome that TD had such success. This article is not about why going viral is bad. To the contrary, it is great! But it shouldn’t be the goal. The goal should be to reach lots of relevant eyes with a tiny spend per relevant view.Some tips to accomplish this:Hire local college students and artists. They will be excited to post their work to their friends. If the average person has 338 “friends”, and we estimate 1/4 are relevant viewers, your spend on the local artist will reach 84 relevant viewers for free.Engage your staff in content creation. If you involve 10 of your staff in a video shoot, and each share the completed project, you’ve reached 840 relevant eyes using the math above.Find local landmarks that let locals know you’re in on the secret: For example, I grew up in Moab, UT and only locals know about the spectacular waterfalls after a rain. To be locally relevant, a Moab credit union could hire a photographer to photograph these waterfalls and distribute them on social media. Everyone else in the world wants to see arches, but people from Moab know that waterfalls are the true spectacle.Partner with local businesses for cobranded content: Local businesses have local followers. Aside from the great publicity of aligning your brand with another local favorite, you’ll reach many relevant eyes when the business posts the content. 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Bradley Blue No matter what Brad were to say about himself in this bio, it would be easy to find the truth about him with a simple google search. This applies to … Details
14SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The nature of identity fraud is changing. With the rollout of smart chips in credit and debit cards making it more difficult to steal using cards themselves, thieves have their eyes on your data instead.If you don’t protect yourself, you could join the 13.1 million Americans Javelin Strategy & Research reported got hit by identity thieves in 2015.While mobile banking and payments are certainly making it easier and more convenient to handle one’s finances and conduct business, the same ease and convenience make them a ripe target for criminals, says Madeline Aufseeser, CEO of fraud-prevention company Tender Armor.“Because merchants are trying to make it easier for consumers to shop online and on their phones, all your credentials are stored online, including payment information, and you don’t even need a basket — just click a button and boom, you get charged. Because they have gone down this path of making things easier to purchase online, it makes it easier for the fraudsters to get to the data,” said Aufseeser. continue reading »
17SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Nanci Wilson Nanci started her credit union journey due to lack of kindness.That fact is what led her to close her bank account and open up at a credit union.Ultimately … Web: https://www.universityfederalcu.org Details I wanted to start out completely unique and different.HOWEVER, we all know that this is going to lead into the state of the world today.Oh Rona, why are you having such a hissy fit?I figured that I am on a nickname basis with the pandemic by now.I am one of the grateful people that get to do my job remotely when there is bad weather or you know, a crazy virus overtaking the world.I’m an extrovert by nature.I’m also a hugger.Check on your hugger friends.We are NOT okay.Although working from home is something that I am super happy to have the option to do, I would rather be with my work family during my hours of hustle.I never thought that I would be able to say that and mean it, but wow does that feel GOOD.I love what I do and I love the people with whom I share that passion.*Insert Golden Girls theme here*With all of that said, I am struggling with being at home.I miss my routine.I miss my desk.I miss my organized chaos.I miss walking into the lobby and chatting with the MSR’s.I miss the students, staff, and faculty that my credit union serves.Okay, I miss everything.Now I am operating through emails and phone calls.It works, but it is so far from what I enjoy.I need human interaction!I need laughter!I need ridiculously priced coffee with the perfectly tipped whipped cream on top!Sorry, I got mixed up between needs and wants.Back to the topic at hand…Because this is the “new normal” and because virtual has become the “new way”, we must adapt in a way that speaks to who we are.I have seen so many creative ways that people are engaging their staff and coworkers during this weird time.One guy shows up to his virtual meetings with a new and exciting hat on each time.I believe the last one was Mickey Mouse ears.How fun is that?!I saw another credit union friend who had a virtual staff meeting complete with a random dance break.That is my kind of meeting.Sometimes it is just the simple things that can do it.Our staff has been sharing funny gifs and memes just to get through the days.Affirmations come in many forms.A smile.A laugh.A weird hat.The sprinkler dance.Affirmations aren’t just saying “awesome” or “great job”.They are also taking the time to make someone feel good JUST because.What are you doing to make sure your staff and coworkers feel good during this uncertain time?It isn’t about money.It’s simply about effort.Now more than ever is the time to dig deep and bring that inner affirmation superhero to the surface.Go go gadget virtual AFFIRMATORS!
“We want to restore democracy there,” Secretary of State Mike Pompeo said last week, walking just to the edge of declaring that regime change is the goal. “We think the Iranian people want that same thing.” – Advertisement – At Daily Kos on this date in 2018—What does Secretary of State Pompeo mean by ‘restore democracy’ in Iran? – Advertisement – In 2014 when he was just a Kansas congressman, Mike Pompeo, now secretary of state and one of the most pugnacious ideologues of the neoconservative club, bragged that it would take only “2000 [bombing] sorties to destroy the Iranian nuclear capacity.” Last month, he wrote in Foreign Affairs his view of how the reimposition of sanctions are meant to bring Iran to its knees and do Washington’s bidding, or be toppled by a populace disgruntled by a smashed economy. Colin H. Kahl, co-director of the Center for International Security and Cooperation, and a former national security and defense official in the Obama administration, dismantled what he calls Pompeo’s “dangerous delusion” in a subsequent essay in Foreign Affairs. I keep sensing an undercurrent of despair when talking to liberal partisans about the election, a sigh that beating Trump is not enough but all that can be done. Yes, Democrats are only an even-money shot, at best, to flip the Senate. And yes, even if they succeed, Mitch “Grim Reaper” McConnell can obstruct the majority with the filibuster, and it would not be up to the next president, but the 50th senator ideologically, someone like Joe Manchin or Kyrsten Sinema, to agree to change the Senate rules to eliminate the 60-vote threshold for legislation. (There’s always budget reconciliation, but that limited path goes through the same conservaDems.)But this reality does not have to inspire progressive anguish. Anyone telling you that a Democratic victory next November would merely signal four years of endless gridlock hasn’t thought about the possibilities laid out in this issue. And if you doubt the opportunity for strong executive action, let me direct your attention to Donald Trump.MAKE NO MISTAKE: Trump is an autocrat, more than willing to break the law to realize his campaign promises. His invocation of inherent, extreme executive power, egged on chiefly by Attorney General William Barr, is in fact dangerous, as former Representative Brad Miller lays out for us later in this issue. Trump has asserted the right to ignore Congress’s oversight function, reinterpret laws based on his own preferences, hide information from lawmakers and the public, promise pardons before illegal actions take place, appoint acting heads of federal agencies without advice and consent from the Senate, and raise the specter of emergency to follow through on his campaign promises.But in a significant number of cases, Trump’s pathway has sprung from a simple proposition: When Congress gives the executive branch authority, the president, you know, can actually use it.[…]THREE OTHER ARTICLES WORTH READINGWide Awake, by Rebecca Traister. The past four years have birthed a progressive movement so extraordinary it just might survive the forces that threaten its extinction.The Right-Wing Violence Trump Has Encouraged Has Deep Roots in American History, By Dolores Janiewski and Chad Pearson. The far-right violence that Donald Trump has stoked has deep roots in US history. Kicking him from office won’t change that — but it would deal a blow to right-wing vigilantism. The South Has Already Changed, by Adam Harris. Jaime Harrison lost to Lindsey Graham but expanded Democrats’ vision of what’s possible in the Deep South.TOP COMMENTSQUOTATION“In a democracy, someone who fails to get elected to office can always console himself with the thought that there was something not quite fair about it.” ~~Thucydides, History of the Peloponnesian War (411 BCE)TWEET OF THE DAYxNow seems like a good time to remind Trump appointees that destroying federal records is a crime. And it’ll be easier than you think to prove you did it.— Walter Shaub (@waltshaub) November 4, 2020BLAST FROM THE PAST- Advertisement – Certainly, a truly democratic, socially liberal, non-aggressive Iranian government that puts a high value on human rights would be a welcome change from the brutal one now in charge. While Iran has some of the trappings of democracy, it’s a profoundly constrained one riven by corruption that favors the clerical elite, holds large numbers of political prisoners, engages in torture and other brutality, and has a long record of human rights abuses, one of the targets being gay people. It was obvious from the election protests in 2009 that many Iranians would like to see a different kind of government. For each one of the thousands of protesters who dared confront Iran’s pernicious religious zealots in the street, for every Neda Agha-Soltan murdered by government henchmen, there no doubt were dozens silently cheering them on from home but fearful to join the opposition. They deserve better.As do the Saudis. Yet neither Pompeo nor Trump are making any noises about sanctioning the royal autocracy of that kingdom. It doesn’t take any imagination to figure out why. David E. Sanger at The New York Times reports:
Many applauded the heroism and bravery of Batik Air, a Lion Air subsidiary, which used an Airbus A330 in the evacuation over the weekend. National flag carrier Garuda Indonesia has stated its willingness to set out on a repatriation mission for Indonesian citizens trapped in a number of provinces in China outside Hubei, where the Wuhan coronavirus epidemic first broke out.“Garuda is ready whenever the government asks to evacuate Indonesian citizens from other cities in China,” president director Irfan Setiaputra said after a meeting in Jakarta on Wednesday, tempo.co reported.Irfan said Garuda was not able to reach Hubei because the airline had no flights to the region. Garuda is also ready to fly home the evacuees who are currently under two-week observation and quarantine in Natuna, Riau Islands, if needed.Nevertheless, Garuda might have a problem reaching Natuna as the airline uses wide-body aircraft, said Irfan.“The government has not yet discussed sending home [the evacuees] from Natuna. But again, we are ready. We have flights to Batam as well,” said Irfan.The government has repatriated 238 Indonesian nationals from Wuhan and its surrounding cities in Hubei following the coronavirus outbreak. The government is discussing efforts to handle around 3,000 Indonesian citizens in China after Indonesia imposed a travel ban to and from mainland China on Wednesday. (syk)Topics : Transportation Minister Budi Karya Sumadi said the evacuation would be carried out carefully and with consideration to recommendations from the relevant ministries and institutions.
It deals with the preparation of financial reports by pension schemes.Updates to the 2007 guidance became necessary after the UK authorities consolidated UK GAAP into a single accounting standard, FRS 102.FRS 102 is a fundamental reform of financial reporting in the UK.In essence, it is a localised version of the International Financial Reporting Standard for Small- and Medium-sized Entities.Alongside this change, UK legislative and regulatory actions have also made a number of changes to the legal and regulatory environment for pension funds since 2007.In particular, the past seven years have seen the introduction of auto-enrolment, as well as an increasing number of pension schemes entering the Pension Protection Fund.The PRAG issued its draft SORP in April on a three-month comment period.The changes take the form of wide-ranging amendments to the 2007 SORP.Comments on the proposals closed on 16 July.The PRAG invited views from interested parties on a series of changes that affect annuities, investment-risk disclosures, the fair-value hierarchy, financial statement presentation, auto-enrolment, legislative disclosure requirements and concentration of investments.But despite widespread support for the PRAG’s approach in the document, experts who spoke with IPE cited areas for concern.In a recent press notice, the ACCA warned that the PRAG must “more fully” explain the concept of “significant” when it applies to a new requirement to account for matching annuities on the balance sheet.The accountancy body also called for the PRAG to include “an indication” of the “level of materiality applied to disclosures in the example financial statements” in the SORP.And in an interview with IPE, ACCA spokesman Paul Cooper warned that the new SORP would lead to inconsistencies between statutory reporting requirements for disclosures about investments and the requirements of UK GAAP.Urging the DWP to act, Cooper, a corporate reporting manager with the ACCA, said: “It is important changes can be made so the legal requirements are consistent with the revised SORP.”David Hutchings of Hymans Robertson said: “The SORP talks about information to quantify risk. A single number in the accounts could be misleading because that number in isolation might look large and yet say nothing about risk mitigation.“We would like to see a requirement for entities to provide a better explanation of risk – perhaps through the inclusion of an updated statement of investment principles as an appendix to the Report and Accounts to avoid putting big figures into accounts that might be misleading.” Pension fund accountants in the UK have broadly welcomed proposed new guidance from the Pensions Research Accountants Group (PRAG) dealing with the preparation of financial reports by pension funds.In a statement on the draft guidance, global accountancy body the Association of Chartered Certified Accountants (ACCA) said it thought the changes detailed in a draft Statement of Recommended Practice (SORP) would “bring clarity”.But the ACCA warned that interested parties must now lobby the Department for Work & Pensions (DWP) to bring forward legislation to align investment disclosures under UK law with developments in UK generally accepted accounting principles (GAAP).The draft SORP sets out a series of amendments to a 2007 SORP.
The law introducing defined contribution pension plans without guarantees to Germany has passed the larger house of parliament, the Bundestag.The Betriebsrentenstärkungsgesetz (BRSG) was passed on Thursday with the votes of the government coalition, comprised of the social democratic party SPD and the conservative parties CDU/CSU.Against expectations, both opposition parties – the Green party coalition Bündnis 90/Die Grünen and the left-wing Die Linke – rejected the legal draft as agreed on by the government last week. The vote by the Green delegates came as a surprise because party representatives had agreed to the law in a preliminary vote in a parliamentary committee meeting the night before. The BRSG will for the first time allow the creation of defined contribution pension schemes – also called defined ambition plans – which can be set up by collective bargaining agreements.Only companies signed up to these agreements will be able to set up the new plans.However, all companies in Germany will be required to pay money they saved through salary sacrifice arrangements (Entgeltumwandlung) back into those plans.The Greens and other critics feared this and other changes might increase the burden on smaller companies.Insurers move to offer BRSG-friendly platformDuring the long negotiations on the BRSG over the past year, insurance companies had led the opposition to the ban on guarantees for the new plans. However, it now seems some have found a way to get a slice of the new pension cake.Five small mutual insurers announced yesterday that they were to join forces and create a pension platform. The so-called “Rentenwerk” is to be set up to provide companies and unions with flexible pension solutions to be implemented under the new law.Germany’s national competition regulator still has to approve the collaboration between Barmenia, Debeka, Gothaer, HUK-COBURG, and Die Stuttgarter.The BRSG itself still has to pass the smaller house of the German parliament, the Bundesrat, in its last session before the summer on 7 July.It is expected that the representatives of the German provinces in the Bundesrat will approve the draft.However, analysts have said the Green parties’ approval could be crucial in getting the green light from provinces where the party is part of a regional government coalition.Stephan Oecking, partner at Mercer Germany, called on the companies and unions that will have to negotiate the new pension plans to “make full and quick use of the full range of new possibilities”.Reiner Schwinger, managing director at Willis Towers Watson Germany, added: “The new framework will fill the current white spots in the German pension landscape.”Fred Marchlewski, managing director at Aon Hewitt Germany, summed up: “Occupational pensions will become more attractive overall, but also more complex.”
“He knew everything about the ‘B’ team players. When I was with the first team during my last year, I was always at the back of the bus with Gerard Pique and him.” Sir Alex Ferguson persuaded the promising attacking midfielder to join United in 2003 when he was 16 and at Eintracht Frankfurt and the now 34-year-old recalled being invited for dinner at the former United manager’s home. Promoted ContentYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeThe Best Cars Of All Time8 Things You Didn’t Know About Coffee9 Facts You Should Know Before Getting A TattooWhich Country Is The Most Romantic In The World?10 Risky Jobs Some Women DoThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreWho’s The Best Car Manufacturer Of All Time?The Models Of Paintings Whom The Artists Were Madly In Love WithEverything You Need To Know About Asteroid ArmageddonThis Guy Photoshopped Himself Into Celeb Pics And It’s Hysterical6 Ridiculous Health Myths That Are Actually True “After my trial, he invited me to his home. His wife made tea for us and we talked about football for an hour. He explained what the club stands for and what he planned to do with me. For me, a 16-year-old youngster, this was very, very impressive,” he said. Despite not making an appearance for the first team during his three years at the club – before he left for Duisburg in 2006 – the midfielder trained with the first team and gave his insight on Ferguson’s coaching style. “I didn’t perceive it as extreme as some stories say,” he said. “But he was very demanding and critical of the players. “Unfortunately, I did not experience the legendary boot throw on David Beckham, but I can visualise it. It was Ferguson’s great strength that he always knew who to tackle and how. “He approached Rooney or Roy Keane very directly, for example, but treated the shy Ruud van Nistelrooy way more gently on the other hand. Rooney and Keane are two warhorses, used to a certain toughness. In England there is a different way of dealing with each other. Very open, honest, hard and direct. read also:Video: Ronaldo uses his kids as weights during home workouts “Way harder than in Germany. The English, Irish and Scottish players set the bar for what is allowed and what is not. Ferguson could only stimulate Rooney and Keane by handing out criticism as harsh as possible.” FacebookTwitterWhatsAppEmail分享 Loading… Former Manchester United youth midfielder, Markus Neumayr, has praised Cristiano Ronaldo, claiming the multiple Ballon d’Or winner’s public persona is just a ‘protective mask’. Cristiano Ronaldo’s Juventus won Serie A last year The Portuguese star has in the past been singled out for criticism over his behaviour but Neumayr, who got to know Ronaldo during his three-year spell at Old Trafford between 2003-06, says it is all a front. “I can only say positive things about him. On the outside, it may have a somewhat repellent look, but his behaviour is just a protective mask. I perceived him as a very friendly and open guy,” Neumayr told Goal and Spox. “At that time he was in the first team, but was also very interested in us from the ‘B’ team.