first_imgBefore an audience of priests, seminarians and students, Bishop Kevin Rhoades warned “there is no excuse today for the confusion and errors about priestly identity and mission that were prevalent a few decades ago.”Calling for Catholic priests to fulfill the call of becoming “living images and living instruments of Christ,” Rhoades delivered his address at the Moreau Seminary auditorium on Thursday night in honor of the Church’s “Year for Priests.”“We should be filled with a spirit of wonder when contemplating the mystery of the priesthood,” Rhoades said.As part of his overnight stay at the Moreau Seminary, Rhodes’ address focused on the theme of “Christ the High Priest,” telling his audience that it is not possible to talk about this area of Catholicism without returning to “the priesthood of Christ.”“Only Christ is the true priest, the others being only his ministers,” Rhoades said, quoting St. Thomas Aquinas.Rhoades, who was ordained as a priest in 1983, was appointed by Pope Benedict XVI to the Diocese of Fort Wayne-South Bend last November.For Bishop Rhodes, life in the priesthood has been one of reflection.“To understand and appreciate the nature and the meaning of the Catholic priesthood, one needs to reflect deeply on the priestly consecration and mission of Jesus Christ,” Rhoades said.This reflecting, he continued, finds roots in the New Testament’s Letter to the Hebrews.Though describing it as one of the most challenging books of the New Testament, Bishop Rhoades pointed out that Hebrews is significant for its “priestly Christology, a presentation for the identity and mission of Christ in priestly terms.”In return, the Bishop said, Jesus gives comfort to the priest in his Priestly Prayer found in the 17th chapter in the Gospel of John.“He is praying for us,” he said of this passage. “He is praying for the Church.”He likewise stressed the importance for the faithful to pray for protection in the Church’s mission as well, especially in light of the resurgence of new sex abuse scandals.“I wonder if we would be in the mess we’re in after the priest and clergy abuse scandals if we were praying for protection from the evil one,” Rhoades said.In the present day, the Bishop also said it was “absolutely essential” when promoting vocations to present the beauty of the priesthood.This responsibility, he said, falls on parishes, schools, religious education programs, campus ministry and other youth ministry groups.“Such authentic catechesis can and does inspire young men to consider a possible vocation to share in the priestly consecration of Jesus,” Rhoades said.last_img read more

first_imgS&P utility index tops value of troubled oil and gas sector stocks for first time FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):The market value of utilities in the S&P 500 surpassed energy companies for the first time Feb. 26 as investors continue to pull their money from the fossil fuel extraction business and fears about the spreading coronavirus weigh on equities.With cases of the new coronavirus popping up outside of China, S&P Global Platts cut its 2020 outlook for oil demand growth to the lowest level since 2011. Meanwhile, American utility stocks, which are generally viewed as safe-haven assets, could be “net beneficiaries” from the virus, particularly if central bankers cut interest rates to counteract concerns about slowing economic growth, Scotia Capital (USA) Inc. analyst Andrew Weisel said.Longer term, energy companies in the S&P 500 have seen dwindling valuations and shrinking importance within the benchmark index. S&P 500 energy companies had a combined market capitalization of $914.59 billion as of Feb. 26, which is down 42% from early 2015 and accounts for just 3.54% of the overall index.The market capitalization of utilities in the S&P 500 is up 64% over the same period, closing Feb. 26 at $922.31 billion, or 3.57% of the index.Renewable energy companies have outperformed oil and gas companies that have been battered by falling oil prices and, more recently, have faced investor concerns about environmental, social and governance risks.A basket of renewable energy stocks tracked by S&P Global Market Intelligence gained 49% in 2019, outperforming the S&P 500 by 20 percentage points, while the S&P Oil & Gas Exploration and Production index lost nearly 11% for the year.[Michael Copley, Everett Wheeler]More ($): Utilities leapfrog embattled energy companies in S&P 500last_img read more

first_imgSearching for pro se solutions Searching for pro se solutions Associate Editor Gathered at the first Statewide Conference on Pro Se Litigation in Orlando, participants were trying to follow directions from Florida Supreme Court Chief Justice Major B. Harding. Fill out the survey from the State Justice Institute that had supplied a $20,000 grant for the conference, he instructed. Faces looked dazed and confused reading the vague survey form that asked them to simply provide “Information,” “Explanation” and “Request.” Justice Barbara Pariente finally ended the befuddlement when she announced: “For those who haven’t figured it out yet, you really don’t have to fill out the form. It was fun watching everyone’s expression and seeing those questions of anxiety: `How am I going to fill this out?’ Many of you just put it away and said, `I’ll deal with this later.’ I hope you got the point.” The point is that every day, great numbers of people show up at courthouses, trying to maneuver through an intimidating maze, filling out forms they don’t understand, trying to resolve cases without the help of lawyers that most can’t afford to pay. “Without a method to assist pro se litigants, not only are they frustrated and disheartened with the judicial process, but there is a tremendous waste of time on the part of both judges and court personnel who need that valuable time,” said Justice Pariente. She led a team to a national conference in Arizona in the fall and came back inspired to replicate the learning experience in Florida and brainstorm creative solutions at the May 24-25 conference. Giving the trial judge’s perspective was 18th Circuit Judge Lisa Kahn, who became family administrative judge in Brevard County in 1998. It wasn’t long before she realized that pro se litigants were gathering at the courthouse in great numbers. “They might as well be traveling in a foreign land where interpreters are limited,” Judge Kahn said of the unrepresented litigants’ struggles to fill out forms and figure out what to do with them next. “It’s frustrating to have people come in front of me who have not filed the crucial paperwork in order for me to make a ruling. I have to often continue cases or deny a motion without prejudice,” said Judge Kahn. One example was a pro se litigant who didn’t understand he had to serve his wife with a notice to appear at a hearing, not just call her on the phone and tell her about it. “I am uncomfortable when I have a pro se in my courtroom. I don’t know what I should be doing, what I shouldn’t be doing, if I’m doing too much, if I’m not doing enough. I’m constantly struggling to make sure that litigants feel they can have their day in court, that their issues were heard fairly.” But those principles often compete, Kahn said, when pro se litigants stand before her in the courtroom untrained in the rules of evidence and procedure. “I would hate to intervene in a manner that might be viewed as my being an advocate. On the other hand, if I don’t intervene, I can’t reach a fair and legal result.” Not every pro se litigant is clueless. As Chief Justice Harding said, “We have had, within the last year, a couple of pro se litigants argue cases in front of the Supreme Court of Florida. And interestingly enough, one of them won.” He reminded everyone that Florida’s Constitution requires that the courts be open for redress of any injury and that justice shall be administered without denial or delay. “To do nothing would not only violate our constitution, but would make us risk becoming irrelevant. To resist or to be ambivalent for too long is to risk obsolescence,” he said. When he sent the Florida Team to Arizona last fall, they came back with the message that the judicial system did nothing to start the trend, but it is a part of a general trend of turning away from professionals, from do-it-yourself home repairs to pumping your own gas. “Another lesson learned is that pro ses are not a problem,” Justice Harding said. “They are our customers and every court has a pro se program, whether they know it or not. And it’s called judicial assistants, bailiffs or the clerks.” The conference showcased creative ways in which some Florida communities — as well as other states — have addressed the pro se issue. “Many of the programs around the nation now have demonstrated that we can provide help to unrepresented litigants, ease the burden on court dockets, and do all of this without compromising the interests of justice,” Harding said. Sixteen months ago, when Edith Osman was president-elect of the Bar, her first call from Justice Harding was about the clash between bench and Bar over pro se litigants. The court had been lobbying the legislature for money for self-help centers with no financial cap. But the Family Law Section of the Bar was lobbying the other way, saying there should be a financial cap. “And lo and behold, nothing happened that legislative session — except for a lot of interesting calls to the Bar from legislators saying: `Do you know you have a bench and the Bar lobbying against one another?’” Osman said that per an administrative order from Chief Justice Harding, she is appointing a committee to study the unbundling of legal services. “If, in fact, we decide to adopt a rule allowing for discreet services or the unbundling of legal services, it will not just be in the family law area,” Osman said. “It will be in all of the areas. So we will have to include other practitioners in that effort. . . And we hope by next spring that we will have a solution. “We are sure that when we put our collective heads together, and the bench and the Bar work together, instead of as we did just 16 months ago, against one another, we will be able to come up with a solution that will serve the people of Florida well, as well as the attorneys of Florida.” Justice Pariente stressed that “there is no one-size-fits-all solution,” and that’s why 10 people from each of Florida’s 20 judicial circuits were invited to work on custom-tailored plans that they will take back and work on in their communities. “I’m convinced that if we work at this collaboratively and cooperatively, that the benefit will flow not only to the court system and the lawyers, but to the litigants. And in the process, we will enhance public trust and confidence and assure meaningful access to justice.” June 15, 2000 Jan Pudlow Regular Newslast_img

first_img 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Decisions are the fuel on which every organization runs. Even though we’re moving away from the old concept of leaders as “deciders” and employees as “doers,” the CEO still holds the key responsibility of making decisions that affect the entire group. This is one of his or her five responsibilities as chief executive.Unfortunately, CEOs—like all humans—aren’t usually very good at making decisions.In their book, Decisive: How to Make Better Choices in Life and Work, Chip and Dan Heath explore our collective decision-making weaknesses as human beings. They describe what they call the “four villains of decision making”—narrow framing, confirmation bias, short-term emotion, and overconfidence about the future.I think these four villains map particularly well to the way most CEOs approach decisions. Let’s see what they look like in action, and how we can keep them from leading us and our companies astray. continue reading »last_img read more

first_imgI use ATMs. I use them with relative frequency.  I probably visit an ATM once a week (whether at home or while traveling).  And when I do, I’m either driving through a branch ATM or walking to a known surcharge-free location.  I use my debit card and in less than sixty seconds the ATM is dispensing cash and I’m on my way. It’s a simple transaction.  My wife and I both use ATMs. Our seventeen-year old son uses his card at ATMs. I make reference to my seventeen-year old son for the purpose of roping in the younger generations.  Let’s face it, I’m a Gen Xer. So, I’m a bit out of touch with what’s new and hip (insert laughing emoji).  Being in the financial industry though, I am very comfortable with new technology. And very eager to try new technology. Especially when it involves the payment realm.  However, one form of transaction still perplexes me.  Technology is supposed to speed up a process or enhance a process.  Replacing one technology with another, just for the sake of technology does not make a situation better.  Thus, my frustration with the cardless ATM transaction. Let me break it down for you.I approach an ATM.  I pull out my debit card and use it for a cash withdrawal at an ATM.  The process takes about sixty seconds depending on my ability to navigate the screen prompts and the speed of the ATM.  Easy enough right? Now let’s perform a cardless ATM withdrawal. I’m at my desk and open an app on my phone, sign in with my face or a passcode and go through prompts to select an amount for withdrawal.  I then drive to a specific ATM that can facilitate my cardless ATM transaction. I pull out my mobile device, open the app and present the barcode or QR code to the ATM. The ATM starts prompting me to wait a and in a few moments I have my cash.  So, why am I perplexed by this technology?  I didn’t save any time. In fact, I may have only created friction.  It took me thirty seconds to stage the transaction on my phone. Then another thirty once I arrived at the ATM.  But, I still had to punch all the usual buttons. Only now I’m using two devices instead of one. And the idea of me staging an ATM transaction at my desk is a little far-fetched.Studies show that, more and more, mobile device users are using them while driving.  We are all guilty of it. And what better time to stage an ATM withdrawal then on the way to the ATM.  We’re inviting a new danger into the ATM withdrawal. The National Safety Council reports that mobile phone use while behind the wheel leads to over 1.5 million accidents annually.  In fact, one out of four accidents are caused by drivers distracted by their mobile devices. And you cannot argue that a cardless ATM withdrawal is safer because of less time spent at the physical ATM.  You still need to walk or pull up to the ATM, roll your window down and wait. So, there’s no significant increase in safety.  And you’re not really saving any time. You’re simply splitting the transaction into two events.  I would rather my credit union invest capital dollars elsewhere. 15SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Joe Woods Joe Woods, CUDE is a 15-year credit union veteran.  He has spent time with Corporate One FCU, Liberty Enterprises, co-founded Legacy Member Services and was part of the senior management … Web: www.dolphindebit.com Detailslast_img read more

first_img[dropcap]O[/dropcap]n Tuesday night, when the words rang out through the expectant House chamber, “Mr. Speaker, the president of the United States,” it was hard not to feel the rush of emotion about the historic significance. Here was the first African-American to be elected to the White House and he was about to give his last State of the Union address to the nation. No, he didn’t end racism in America during his tenure in office, as his more naïve supporters may have hoped in 2008. But he proved something to the world, no less: that we could rise above that prejudice in the name of progress.As Obama made his way to the podium, he was trailed by the Senate Majority Leader, Kentucky’s reactionary Republican Sen. Mitch McConnell, wearing an ugly green tie, and looking like a turtle out of his shell. McConnell’s stubborn vow in early January 2009 to not let the president-elect “succeed in anything” should follow him to his grave.Obama was in a good mood, shaking hands, reaching out, touching supporters, kissing cheeks, and giving Supreme Court Justice Ruth Bader Ginsberg a big hug—reminding us that if only we had more liberal jurists like her on the Court, we wouldn’t have Chief Justice Roberts poised to roll back the power of public unions—another item on the conservative billionaires’ agenda.When the president said “there is red tape to be cut,” that was red meat to the Republican side of the aisle. Not what came next. “But after years of record corporate profits,” Obama continued, “working families won’t get more opportunity or bigger paychecks just by letting big banks or big oil or hedge funds make their own rules at everybody else’s expense.”When he mentioned making Wall Street pay more instead of trimming food stamps to balance the budget, the reaction got partisan. “Immigrants aren’t the principal reason wages haven’t gone up,” Obama told the country. “Those decisions are made in boardrooms that all too often put quarterly earnings over long-term returns. It’s sure not the average family watching tonight that avoids paying taxes through offshore accounts.” Touche!Then he doubled down on another issue that’s roiling the Republican electorate. “Sixty years ago, when the Russians beat us into space, we didn’t deny Sputnik was up there!” he said, drawing laughter in the House chamber. “We didn’t argue about the science, or shrink our research and development budget. We built a space program almost overnight, and twelve years later, we were walking on the moon.”As he tackled climate change, the lack of Republicans applauding was painfully obvious even while he tried to appeal to their enlightened self-interest. “But even if—even if the planet wasn’t at stake, even if 2014 wasn’t the warmest year on record until 2015 turned out even hotter—why would we want to pass up the chance for American businesses to produce and sell the energy of the future?”Emphatically Obama said that the United States was “the most powerful nation on Earth, period,” and the camera pointed to the Joint Chiefs of Staff seated in the front row. They resembled a gang of thugs or a grizzled old rugby team. Either way, you don’t want to mess with those guys. They didn’t break a smile.Then Obama took on the issue driving the Republican presidential nominees: al Qaeda and ISIL (aka ISIS). Against the threat, he defended his use of American power, and called on Congress to approve the unauthorized war against ISIS. “Over-the-top claims that this is World War III just play into their hands,” he said.He cited what happened in Vietnam and Iraq, and said, wisely, that we should learn from our mistakes. In fact, if President George W. Bush hadn’t let his quasi-Prime Minister Dick Cheney pull a bait and switch by leaving Afghanistan prematurely to take out Saddam Hussein, it’s doubtful that ISIS would have risen in the Mideast region that his administration destabilized. On Tuesday night, Obama didn’t say, “Told you so!,” although he could have, considering he voted against the Iraq invasion, unlike his 2008 Democratic rival, Hillary Clinton. Instead, Obama said that “masses of fighter on the back of pickup trucks, twisted souls plotting in apartments or garages” are not a threat to our national existence. Apparently Obama’s observation lit up the right-wing twitter-sphere, drawing condemnation from the fear-mongering GOP candidates and their bellicose conservative pundits.Obama turned up the heat when he subtly referred to Sen. Ted Cruz’s plan to carpet-bomb the ISIS state and somehow spare the innocent civilians they’re holding hostage. Because Cruz was on the campaign trail, the camera cut to Cruz’s rival who had actually showed up, Sen. Marco Rubio—a wise move on the Florida Senator’s part since his record of absenteeism has become an issue used against him—but Rubio looked like an impatient high school kid waiting for class to end so he could dash off to recess.With tight-lipped Vice President Joe Biden seated behind him on one side and smirking House Speaker Paul Ryan on the other, Obama was clearly enjoying himself. In a nice moment, full of portent given the tragic death of Biden’s son Beau, the president made Biden his cancer czar. Biden beamed with gratitude.Then Obama took on the divisive rhetoric of Donald Trump, without mentioning him by name. He started by pointing out that right at the same spot where he was giving his State of the Union address, the Pope had delivered a speech extolling the virtues of tolerance over the tyranny of hate. Obama expanded on that theme.“When politicians insult Muslims, whether abroad or fellow citizens, when a mosque is vandalized, or a kid is called names, that doesn’t make us safer,” the president said. “It diminishes us in the eyes of the world.” He reminded the country that “We the People” are the first three words of our Constitution, and that means everybody.From there his speech took a poignant, lofty turn as he called upon the better angels of our nature to fix our politics, to free us from the rancor that has trapped too many people, and how wrong it is to assert that our political opponents are unpatriotic just because they take a different point of view. He regretted that he didn’t have the eloquence of Lincoln or Roosevelt to bridge the gap, and that the country is more divided now than when he tried to sow the seeds of hope and change.He urged politicians to tune out the noise of their base and listen to the voice of the people. He reminded them of their duties as citizens to defend the weak. Then, rising to the occasion, he wanted to end on an optimistic note. He pointed out the global appeal of America’s brand of diversity, and how that mix of religions and races has made us strong. And if we embrace those values, our best days will still lie ahead, he insisted.It may have been his best State of the Union speech, reminding us what he’s accomplished despite hostile opposition that bordered on racism. It got us feeling nostalgic, remembering how he’d stood tall in 2009 when the economy was sliding into the abyss of the Great Recession and Congressional Republicans had gone AWOL. With only Democrats on Capitol Hill lined up behind him, Obama used his presidential power to pass the stimulus package and get the country on the right track back. No, it didn’t go nearly far enough but it was better than doing nothing. For their efforts, many of those Democrats were defeated at the polls as the Tea Party surged two years later.But look at the country now. Even a conservative columnist like David Brooks has had to admit this: “…America is in better economic shape than any other major nation on Earth. Crime is down. Abortion rates are down. Fourteen million new jobs have been created in five years.”Let’s not forget that millions of Americans also have health insurance for the first time and marriage equality is the law of the land. That’s truly a tribute to Obama’s leadership.But there’s a limit to Obama’s lofty oratorical skills. Words alone won’t redress the oligarchs’ concentration of wealth. So it was interesting to see Sen. Bernie Sanders (I-Vermont), whose campaign for the Democratic presidential nomination is predicated on doing something about it, come on camera, however briefly, during the night’s proceedings. He looked like an eccentric Ivy League professor, especially when he pulled a notepad out of his inside jacket pocket. Currently, the Vermonter is leading Hillary Clinton in Iowa’s upcoming caucus and the New Hampshire primary. If those results hold, it could be a very close race between them to succeed Obama and build upon his legacy.For the Republican rebuttal, the Grand Old Party turned to its third woman in four years, giving the spotlight to South Carolina Gov. Nikki Haley, the daughter of Indian immigrants with a compelling personal narrative that led her to the governor’s mansion in Columbia. As she spoke, it was hard to ignore her blinding white teeth, a shining dental achievement in themselves. But the words she uttered were quite unusual for someone in her role. Of course, she obliged her party by blaming Obama for not accomplishing anything but falling short on the economy, tax reform, urban unrest and the national debt.But then Haley told her party’s supporters, “We need to be honest with each other and with ourselves: while Democrats in Washington bear much responsibility for the problems facing America today, they do not bear it alone. There is more than enough blame to go around. We as Republicans need to own that truth.”She didn’t stop there, she went significantly further. “During anxious times, it can be tempting to follow the siren call of the angriest voices,” the governor said. “We must resist that temptation.” Then Haley issued a clarion call to tone down the extremist rhetoric.Movingly, the governor recounted the mass shooting last June at the Mother Emanuel church in Charleston, sparked by an angry white man—Haley actually called him “a domestic terrorist”—who had turned his gun on a Bible study meeting and killed nine black parishioners, according to authorities. Gov. Haley praised how her state responded to this hate crime: “We didn’t have violence, we had vigils. We didn’t have riots, we had hugs.”Just as important she authorized that South Carolina remove “a symbol that was being used to divide us.” And so the Confederate flag no longer waves over the capitol, something that some of us with long memories of the civil rights struggle in the South thought we’d never see. Definitely a positive sign.So, as pundits parsed the State of the Union speech and the rebuttal, some themes have emerged that will play out the rest of this important, bitterly contentious campaign season: Will 2016 be a year for our best hopes or our worst fears? How the voters answer will determine the future of our country for a long time to come. Let’s hope they heed the president’s call to do their civic duty. Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Embed from Getty Imageslast_img read more

first_imgRead also: BI to require natural resource exporters to convert forex earnings to rupiahThe date that the new foreign exchange (forex) requirement will be instated depends on the stability of the rupiah, according to a statement BI Governor Perry Warjiyo in August. He said there would be a foreign currency ceiling in companies’ bank accounts and that anything above the threshold would have to be converted into rupiah.The government requires exporters of natural resources to keep their earnings in special bank accounts.Oil and gas exports in 2019, at $12.54 billion dollars, accounted for 7 percent of Indonesia’s total exports that year, Statistics Indonesia (BPS) data shows. Exports of mineral fuel, animal fat and vegetable oil, including the country’s top commodity, palm oil, made up more than a quarter of last year’s total exports.“Frankly speaking, we haven’t been asked about our opinion of the plan,” said Indonesian Coal Mining Association (APBI) executive director Hendra Sinadia. “We need to look into its implementation so it doesn’t hinder [business].”Hendra added that questions remained about how the plan would be implemented. He said coal miners used US dollars to sell their products at home and abroad, as well as to pay royalties.“As a good citizen, Medco will respond and follow these regulations appropriately,” said Anthony Mathias, financial director at PT Medco Energi Internasional.A director of PT United Tractors (UNTR), which owns Indonesia’s second-largest gold miner by output, PT Agincourt Resources, said the parent company had discussed the issue with Bank Indonesia two months ago but was awaiting more detailed guidelines.UNTR, a major player in heavy machinery, mainly exports its gold.“We can’t comment on the details yet, but in the broad sense, if we’re talking about gold, then 30 to 40 percent of our production cost structure is in dollars,” said UNTR finance director Iwan Hadiantoro. “BI assured us this would not negatively impact the company.”UNTR, which reports its finances in rupiah, booked Rp 118.4 billion in foreign exchange losses in the first half of this year, an increase from the Rp 70.5 billion forex loss it posted for the same period last year.The Indonesian Oil Palm Association (GAPKI) declined to comment on the issue.Not all exporters are worried about BI’s plan, such as palm oil exporter PT Astra Agro Lestari, part of diversified conglomerate Astra International.Astra Agro president director Santosa said the company regularly hedged its dollar transactions, including for loans from abroad, against the rupiah.“The company practically has no problem whatsoever,” he said.Astra Agro booked Rp 19 billion in foreign exchange losses in the January to June period of this year, an improvement from the Rp 28.8 billion forex loss it booked in the same period last year.Moody’s Analytics Asia Pacific chief economist Steven Cochrane raised concerns about the effectiveness of the policy, since it only applied to the largest resource exporters.“It sends a message to the market that BI sees stabilizing the exchange rate as a priority,” Cochrane told the Post by email. “On the other hand, the number of new COVID-19 cases is still on an upward trend in Indonesia, which will continue to be a dominant source of instability.”The Health Ministry announced 2,775 additional confirmed COVID-19 cases on Tuesday, bringing the nationwide tally to more than 177,500.Topics : “After we confirmed it with BI, they said it was not yet something of focus, even though there was such a plan,” Bernadus Iramanto, finance director of PT Vale Indonesia, said on Aug 26.“To convert all proceeds from nickel matte sales to rupiah would be a burden of its own.”BI’s plan comes as the rupiah fluctuates significantly against the US dollar during the COVID-19 pandemic. The instability of the currency may pose a risk to the country’s economic recovery efforts.The rupiah fell to a low of Rp 16,575 against the US dollar in March, rebounded to Rp 13,878 in June and had sunk to Rp 14,766 on Wednesday. Indonesian natural resource exporters are waiting to see what Bank Indonesia’s (BI) recently announced plan to require the companies to convert their foreign currency earnings into rupiah will entail. The central bank hopes the policy will help stabilize the rupiah.The measure is expected to apply to companies that exported more than US$300 million worth of natural resources in 2019. It is unclear which companies meet the threshold because data on export earnings is limited, but some major mining companies, such as nickel matte producer PT Vale Indonesia and the country’s biggest privately-owned oil and gas producer PT Medco Energi Internasional, earn and spend US dollars.Players in Indonesia’s top three resource-exporting industries, namely oil and gas, palm oil and mining, knew little about the central bank’s plan.last_img read more

first_img 19 Views   no discussions Share One of the employees of the Public Works Corporation during Friday’s protest.For the first time in history, Dominica has seen protest action in three communities around the island.While staff of the Dominica Public Works Corporation were protesting against bad working conditions and non salary payments for several weeks, the Parent Teachers Association of the North Eastern Comprehensive School raised placards for improved learning conditions and Morne Rachette/Coulibistrie residents said no to Wacky Rollers latest move to dredge the Batali River to accommodate their tubing activities.Staff of the Public Works Corporation continued their protest action up until eleven (11) am on Monday with hopes that their plight will be resolved with the company’s management.The first protest action which started last week Friday signaled the “frustration of the staff”, according to the General Secretary of the Public Service Union (PSU), Thomas Letang.He said Monday that the PSU has exhausted all possible means of resolving the matter and staff will continue to protest every day until the union believes the matter is being properly addressed.“It seems like the management don’t care about the staff. They need to put themselves in these workers shoes. They have not been paid for several weeks, some months. Some of these people are unable to pay their loans. Some of them are being taken to court for nonpayment of their loan commitments to various financial institutions. The public works say they are cash strapped but government is not making projects available to them,” Letang said, adding that “we will protest until this is resolved”.He hastened to add that the protest will take various forms.Meantime in the North, students of the North East Comprehensive School stayed away from class today as the Parent’s Teachers Association (PTA) staged a protest action for better learning conditions. The windows of several classes are said to be damaged, causing massive flooding whenever it rains.One of the parents, Mona Charles, said the school is yet to be officially commissioned and students are operating at a risk.“We want government to give us a little attention. The school is in a bad state especially when it rains. Whenever it rains the school floods and the students cannot learn. Whenever it’s sunny, the sun reflects on the board and teachers cannot write on the board. We want authorities’ to fix up the problem. It’s not about politics. We want government to show interest and do the repairs that needs to be done. It’s ashamed. It’s been seven years and the school has not been officially opened and that’s not good at all,” said.In related news, President of the PTA of the North East Comprehensive Mathew Auguiste says the situation is alarming and the facility is not adequate for children which place their lives at risk.“When we fight for the future of our children and the longevity for our school, it should never become a political issue. The stand that the parents have taken today echoes peace and a hope for an amicable solution and the future of our generation. We are not asking for much. We want better computers. We want proper windows. Students cannot continue to be blinded by the rays of the sun because of the absence of windows and getting wet. Thirty students are suffering from asthma. This cannot continue,” he said.According to him the auditorium needs lights and railings and several other areas must be addressed.“We are not asking for much. It is a health hazard because electoral wires are hanging around the place. The children don’t have a proper toilet facility. This is shameful,” he said.The students are expected to return to school on Tuesday and Wednesday of this week.Auguiste said if education officials refuse to take the matters into consideration and rectify the problem, students will be kept at home from Thursday.Villagers of Morne Rachette and Coulibistrie staged protest action in Coulibistrie this morning against a decision by Wacky Rollers to use the Batali River for their river tubing activity.Apparently the Wacky Rollers wants to divert the Batali River in order to make way for the river-tubing activity.Villager Roseline Degalarie reported to the media that the villagers are not in support of the new initiative.“If that ever happen the river is going to run through the road unto the beach and destroy it. All the fishermen boats will be destroyed and we cannot be in support of that. We are going to have a meeting with them and if they decide that they are still going on with their plans, we will do what we have to do,” she said.Parliamentary Representative for Salisbury Hector John said he is standing in solidarity with his constituency.He explained that consultation should have been held with the people of the village before the decision is taken.“I think what transpired showed a lack of consultation and sensitization. We are not against development but stakeholders should have been informed about the situation,” he explained.John said the Planning Division and the Ministry of Fisheries should have also been involved in this decision.“We see it as development for the area but at what cost,” John questioned.The parliamentary representative is recommending that everything be put on hold for a few weeks during which the villagers should be consulted.Dominica Vibes News Share Sharecenter_img Tweet LocalNews Dominica records three protests in one day by: – November 21, 2011 Sharing is caring!last_img read more

first_imgBATESVILLE, Ind. — The Indiana Bureau of Motor Vehicles announced that all BMV branches will be closed Thursday, Nov. 27 and Friday, November 28 for Thanksgiving.All license branches will resume their regularly scheduled business hours on Saturday, November 29.For a complete list of branch locations and hours, visit mybmv.com.last_img

first_imgArea Boys Basketball ScoresSaturday  (2-10)East Central  54     Batesville  51Indy Scecina  51     Oldenburg  24Milan  76     South Dearborn  63Franklin County  58     Switz. County  34Rising Sun  69     Lawrenceburg  68North Decatur   56     Knightstown  53Beech Grove  80     Rushville  51Jeffersonville  87     Jennings County  65New Albany  68     Madison  37last_img