On Compliance: When regulators push too far

first_img 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Take hundreds of pages of complex regulations covering dozens of different subjects. Stir in hundreds of fallible human beings tasked with understanding and implementing those rules. Add a dash of uncertainty about the facts. The result is an instant recipe for disagreements. Even with the best of intentions on all sides, disputes will inevitably arise over how to apply and enforce the rules in real-life circumstances. Some mechanism will be needed to resolve these issues in a fair and orderly manner.This is the inevitable situation for credit unions and their regulators, from the National Credit Union Administration and Consumer Financial Protection Bureau to state agencies. While most credit unions report generally positive experiences with their examiners, some find that the regulators are capable of pushing the rules too far, leading to absurd results.Take the example of one credit union in the aftermath of the Great Recession. It followed the exhortations of our national leaders and agreed to modify some 30-year home mortgages for borrowers in distress. NCUA rules limit credit union mortgages to terms of not more than 40 years. The modifications included extensions of the mortgage terms beyond 40 years from their first origination dates. NCUA examiners took the position that this was a violation of law. The credit union used NCUA appeal channels and eventually received a ruling that the modifications were new transactions and that the term limit should be measured from those dates. By this standard, the modified mortgages complied fully with NCUA rules—and helped the credit union’s members. continue reading »last_img read more

Looking for people to attend bus tour to Oklahoma City to see Wicked

first_img Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Submitted to Sumner Newscow — There is a possibility of a bus going to Oklahoma City to see the musical Wicked.The play will be a matinee on Thursday, Sept. 5, 2013.  This will be a one day trip.  However, we must have 30 people before we can take the bus.  The bus will hold 40 people.  For more information, please contact Lucille Freeman at the Wellington Senior Center, 620-326-2815 or Dorothy Podschun, 620-326-2547.last_img read more

Messi on the bench as record-breaker Ansu Fati starts for Barcelona

first_imgDortmund, Germany | AFP |  Teenage star Ansu Fati became Barcelona’s youngest ever Champions League debutant after being named in the starting line-up for the Catalan giants’ campaign opener away to Borussia Dortmund on Tuesday.The 16-year-old, who became the club’s youngest ever scorer with his maiden strike against Osasuna last month, gets the nod ahead of Lionel Messi, who returns to the squad after several weeks out injured.At 16 years and 322 days, Fati is around two months younger than the previous record holder Bojan Krkic was when he made his Champions League debut in 2007.Should he score against Dortmund, the Guinea-Bissau talent would become the youngest player ever to score in the competition, overhauling a 22-year-old record held by former Olympiakos player Peter Ofori-Quaye.Messi, who has missed the beginning of the season with a calf injury, will start on the bench against Dortmund. Share on: WhatsApp Coach Ernesto Valverde said Monday that he would decide spontaneously whether or not to let Messi play.“He has trained two or three times and made a good impression. We will see,” said Valverde.Tuesday’s game marks the beginning of a gruelling Group F campaign for Barcelona and Dortmund, as they look to qualify ahead of Inter Milan and Slavia Prague.last_img read more

Heritage Park Fountain Open For Summer Water Play

first_imgFacebook24Tweet0Pin0 Submitted by The City Of OlympiaA popular spot for Olympia kids of all ages, the Heritage Park Fountain is now open for summer water splashing.The Heritage Park Fountain is open daily (except Wednesday) from:9:00 am – 12:00 pm1:30 pm – 5:00 pm6:30 pm – 9:30 pmPlease note that the fountain is closed on Wednesdays.The fountain is located at 330 5th Ave SW in downtown Olympia.For more information, please call Olympia Parks, Arts and Recreation at 360.753.8380.last_img

In the Beginning, Hydrogen: Was It Miller Time?

first_imgA press release from University of Colorado says that the spark-discharge experiments of Stanley Miller in the 1950s (see 05/02/2003 entry) might be relevant again.  Why?  Researchers used new models to estimate the amount of hydrogen in the early earth’s atmosphere, and came up with numbers 100 times higher than before.  If hydrogen did not escape as fast as scientists have thought, it might have composed 30 to 40% of the earth’s atmosphere.    After the initial enthusiasm of the Miller experiment, scientists began to realize that the early earth’s atmosphere was not “reducing” (hydrogen rich) and contained more carbon dioxide.  Nitrogen and carbon dioxide do not produce the amino acids and other building blocks of life in Miller-type experiments.  But if the model of these scientists is correct, hydrogen might have stayed around long enough to contribute organic molecules to the early oceans.  This would mean the old primordial soup icon may be back in business.  In Science Express, their abstract states, “The organic soup in the oceans and ponds on the early Earth would have been a more favorable place for the origin of life than previously thought.”  (Emphasis added.)Give them a universe filled with organic soup.  Concentrate it and stir it and feed it lots of energy.  It won’t help.  Life will not crawl out.  To convince yourself once and for all, read our online book that climaxes in chapter 7 with the calculation for getting just one simple, usable protein molecule by chance under ideal conditions, even with incredibly generous concessions to make it easier for chance to succeed.  This is not just one contrived calculation by one individual: the same conclusion has been reached repeatedly, independently, by numerous scientists, including Fred Hoyle and even Carl Sagan.  Those who continue to believe it realize that it is hopeless to expect a primitive cell by chance alone, so they jump to the next fallacy by inserting natural selection where it doesn’t belong: i.e., before a complex, self-replicating system existed (see ch. 5).    Everyone in the field knows how improbable it is to get a protein, RNA or DNA molecule by chance, yet they continue to hope against hope that simple molecules might have gotten organized into self-replicating machines if just the ingredients were present.  Phillip Johnson once pointed out how the believers in chemical evolution always focus on getting the right chemicals, but have no idea about where the information came from.  Without recognizing the vital necessity of information in the origin of life, this meager attempt to breathe hydrogen gas into the Miller myth is too little, too late.  Materialists need to get off their chemical soup diet and learn to handle the meat of information theory.(Visited 12 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

Golf in 2010: SA’s sixth major winner

first_imgVery quickly, the golfing world learnt about the South African who goes by the nickname of “Shrek”, and he certainly won many fans with his smiling, humble demeanour. Addressing the media afterwards, Clark said: “Behind the majors this is the biggest tournament and the best field out there, and you’re always going to look at the history of the majors, but this is certainly … if there’s a number five this is it, but this is just a huge honour and everything that comes with it. Yeah, it’s a very proud day.” Lee-Ann PaceOn the Ladies European Tour, Lee-Anne Pace enjoyed a wonderful year and became the first South African to capture the Order of Merit. She also won the Players’ Player of the Year Award after receiving the most votes from her peers. Oosthuizen’s achievements were recognised by the Laureus World Sports Awards in December when he was named as a finalist for the World Breakthrough of the Year. He was the only South African to earn a nomination in any category. South African golfers provided many highlights in 2010, but none more than Louis Oosthuizen, who scored an extraordinary seven-shot victory in the British Open at Saint Andrews in July. At the end of March, Oosthuizen had secured his first European Tour victory in the Open de Andalucia de Golf in Malaga. It came only a week after he narrowly missed out on the Trophee Hassan II in Morocco. He had led heading into the final round, but ended up settling for second. By topping the Order of Merit, Pace earned herself a valuable 10-year Tour exemption. Just two weeks later, he was back in the winner’s circle after a two-shot victory in the Arnold Palmer Invitational at Bay Hill. Asked how it felt to win two tournaments in a row, Els said: “It’s an amazing feeling, really. It can be one of the toughest games, cruellest games in the world, and then you sit here, it’s one of the nicest games. Sapa quoted the legendary Gary Player as saying: “I wish she was my daughter.” She won an astonishing five times, in the Deutsche Bank Ladies Swiss Open, the S4C Wales Ladies Championship of Europe, the Finnair Masters, the Sanya Ladies Open, and the Suzhou Taihu Ladies Open. In 2011, Schwartzel and Oosthuizen will contest the US PGA Tour. Ernie Els’ return to formMeanwhile, while Louis Oosthuizen enjoyed a career-best year, his mentor Ernie Els returned to the form that made him a long time world top-five-ranked golfer, and with that form came victories. In mid-March, he celebrated his first victory in two years when he conquered the Blue Monster and Doral to win the World Golf Championships-CA Championship by four shots from fellow South African Charl Schwartzel. Two-time winnerCharl Schwartzel, too, was a two-time winner. His victories were scored early in the year in South African-based European Tour events. By winning The Open, he joined Bobby Locke, Gary Player, Ernie Els, Retief Goosen, and Trevor Immelman as South Africans who have had their names engraved on major trophies. The Big Easy wasn’t done winning yet and later in the year added the PGA Grand Slam of Golf at Royal Port in Bermuda to his long list of career titles. He had previously won it in 1997. For many years Clark had been a consistent performer on the US PGA Tour, but inexplicably had never broken through to win. It took him 206 tournaments to do so, but it was a thrilling and deserved victory went it finally arrived. In early January he claimed the African Open at the East London Golf Club with a 20-under-par total of 272. A week later he captured the Joburg Open by a sensational six shots after shooting a seven-under-par 64 in the third round and a five-under 66 over the last 18 holes. Tim Clark’s breakthroughFor many South African golf fans, one of the moments they most savoured in 2010 was the victory of Tim Clark in The Players Championship. It was his fifth European Tour win and the third of those that had been achieved in South Africa. Major winners 22 December 2010 “To win an Open Championship is special, but to win it here at Saint Andrews is something you dream about,” he said afterwards. Would you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

In Vegas or LA, UFC 232 is a dynamite show to fans, fighters

first_imgMOST READ That’s a statement on Los Angeles’ passion for mixed martial arts, but it’s mostly a testament to the quality of a show that compelled fans to travel countless miles to Vegas — and then about 250 miles more to LA.UFC 232 is headlined by Jones’ return to the sport in a rematch with Alexander Gustafsson for the light heavyweight title. The penultimate bout is featherweight champion Cris “Cyborg” Justino’s superfight with bantamweight champ Amanda Nunes in perhaps the best matchup in women’s MMA history. The big-name undercard includes former UFC champions BJ Penn, Carlos Condit and Andrei Arlovski, along with former title contenders Chad Mendes and Cat Zingano.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSUrgent reply from Philippine ‍football chiefWith such an irresistible slate of fights, the UFC is closing out the year with style — even if it’s under weird circumstances for the fans and fighters.“It’s not an easy decision to make,” White said. “You’ve got to pull the trigger and you’ve got to make moves. You’re not going to make everybody happy. You can’t make every fan, every fighter happy. We did everything we could to make it better.” FILE – In this Nov. 2, 2018, file photo, Jon Jones, left, pushes Alexander Gustafsson out of the way during a news conference about their light heavyweight bout at Madison Square Garden in New York. UFC 232 is on track to sell out the Forum in Inglewood just six days after the end-of-the-year show was moved from Las Vegas to Southern California. That is a testament to the quality of a card headlined by Jones’ return to the UFC against Gustafsson. (AP Photo/Julio Cortez, File)INGLEWOOD, California — Dana White knew the UFC would take some pretty big hits, both financial and otherwise, when he moved its traditional end-of-the-year show from Las Vegas to Southern California on six days’ notice to keep Jon Jones on the card despite his latest positive drug test.Some hits are more damaging than others, however. According to White, UFC 232 is going to sell out the famous Forum on Saturday night, even though tickets only went on sale Wednesday.ADVERTISEMENT “I was hated, and turning it all off is the easy way to deal with it,” said the 31-year-old Jones, who is fighting for only the third time in nearly four years of his athletic prime.“Financially, I didn’t have to fight anymore. I could afford to delete my social media accounts and just ride off into the sunset. But I didn’t want to do that. I still want to compete and be the best.”He returns to fight Gustafsson (18-4), who provided Jones with the toughest fight of his life in 2013. Jones won the decision, but was battered and humbled by the Swedish contender.Gustafsson has stewed over the loss for years, and he was infuriated by Jones’ latest doping troubles. He labeled Jones a cheater Thursday and vowed to make the former champion “eat everything he says on Saturday night.”“You put illegal stuff in your body, but it won’t help you this time,” Gustafsson said. “I’m ready to end this. I’ve learned how to dig deeper.”The other championship bout at UFC 232 is every bit as compelling as the main event thanks to the bravery of Nunes (16-4), who is moving up 10 pounds to challenge the most feared women’s fighter in MMA history.Justino (20-1) hasn’t lost a fight since 2005, battering every contender with her peerless power and athleticism. She has long been reluctant to fight Nunes because she is a fellow Brazilian, but changed her mind after Nunes repeatedly called her out.“After everything she has said, I know that if I beat her now, nobody back (in Brazil) will look at me like I did the wrong thing,” Justino said. “She is asking for it, so she can get it now.”Nunes scrapped her way to the top of the bantamweight division and subsequently battered Ronda Rousey into retirement. Although she is an obvious underdog, Nunes believes she can claim Cyborg’s mantle as the greatest female fighter.“This is for the (title of the) baddest woman on the planet,” White said. “I love this fight. I’ve wanted this fight for a long time. Anytime you can put a fight together between two champions, I love that.” Sports Related Videospowered by AdSparcRead Next Don’t miss out on the latest news and information. LATEST STORIES BREAKING: Corrections officer shot dead in front of Bilibid LOOK: Joyce Pring goes public with engagement to Juancho Triviño Not every fighter will agree after getting a shrunken paycheck due to California’s state income tax. White flatly said the UFC won’t compensate the fighters for any lost income due to the move.But the pay-per-view audience still gets a stacked show headlined by the first fight in nearly 1 1/2 years for Jones (22-1), the self-sabotaging superstar who tested positive for very low levels of an anabolic steroid earlier this year.The result isn’t considered a failed doping test by the U.S. Anti-Doping Agency, but the Nevada Athletic Commission wanted a hearing on the matter in January. Its California counterpart had no such qualms, prompting the UFC’s extraordinary move.Jones has made innumerable mistakes outside the octagon, but that bad-boy persona combined with his brute brilliance in competition has made him irresistible to many fight fans. According to Jones, some root for his success, while others yearn for his failure with similar passion — but both camps buy his fights.Jones claims he thought about quitting the sport while he spent the past year pounding a heavy bag in his garage in Albuquerque, New Mexico. He reclaimed his light heavyweight title in July 2017 with a win over Daniel Cormier, only to lose it again due to another failed doping test.ADVERTISEMENT Hotel management clarifies SEAG footballers’ kikiam breakfast issue SEA Games: Biñan football stadium stands out in preparedness, completion Is Luis Manzano planning to propose to Jessy Mendiola? Lakers guard Rajon Rondo out for a month after right hand surgery Private companies step in to help SEA Games hosting PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss SEA Games: Biñan football stadium stands out in preparedness, completion TS Kammuri to enter PAR possibly a day after SEA Games opening View commentslast_img read more

After phenomenal PBA debut, expect Terrence Jones to still get better for TNT

first_img‘Rebel attack’ no cause for concern-PNP, AFP Ethel Booba twits Mocha over 2 toilets in one cubicle at SEA Games venue The former NBA veteran put up 41 points, 14 rebounds, and two blocks in TNT’s 102-87 win over NLEX on Wednesday, but he felt there’s still room to improve on both ends of the floor.“It’s my first game, I’m not perfect, I got a lot of work to do, I got to communicate with my teammates better, and just keep getting better each game,” said Jones.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logistics“As a team we did a lot defensively, I know coach [Bong Ravena] is going to expect a lot from me because he wants the best for me… we’re only going to get better from here.”Jones, who played eight seasons in the NBA and had a career average of 10.4 points and 5.7 rebounds, was everywhere for the KaTropa and he was the anchor throughout much of the game for them. Filipino athletes get grand send-off ahead of SEA Games PLAY LIST 01:27Filipino athletes get grand send-off ahead of SEA Games00:50Trending Articles00:59Sports venues to be ready in time for SEA Games02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Private companies step in to help SEA Games hosting Don’t miss out on the latest news and information. LATEST STORIES DA eyes importing ‘galunggong’ anew View comments MANILA, Philippines—Terrence Jones already had one hell of a debut in the PBA Commissioner’s Cup, but we may have not seen the best of him yet.ADVERTISEMENTcenter_img Catholic schools seek legislated pay hike, too MOST READ Sports Related Videospowered by AdSparcRead Next Two-day strike in Bicol fails to cripple transport Oops! Yeng Guiao scolds the wrong Semerad after NLEX loss Cayetano: Senate, Drilon to be blamed for SEA Games mess With everything starting from Jones, the rest of the KaTropa easily found their groove as they shot a respectable 44 percent clip, 41-of-93, as a whole while limiting the Road Warriors to a paltry 28-of-80 shooting.The KaTropa also dished out a total of 21 assists most of which ended in buckets that Jones scored.“Amazing play by my teammates and myself, I think we got it done on the defensive end together, and it helped us gather for easy offense,” said Jones. “They were finding me and just really passing me the ball and making sure it’s easy for me, so I got to appreciate my teammates for that.”ADVERTISEMENT Duterte wants probe of SEA Games messlast_img read more