Small business owners concerned about COVID-19 liability as they reopen

first_img WhatsApp Facebook Small business owners concerned about COVID-19 liability as they reopen CoronavirusIndianaLocalNews (DTSB) FISHERS, Ind. — Small business owners in Indiana are looking for some reassurance that their businesses will survive the coronavirus pandemic.In a conference call with members of the NFIB of Indiana, an organization that represents Hoosier small businesses, Indiana House Speaker Todd Huston (R-Fishers) helps to try and alleviate some concerns. One of the biggest issues businesses are dealing with, according to Huston, is liability concerns of opening up.Many business owners are concerned they could be held liable and be sued if they open up and then someone contracts coronavirus after visiting their business.As House Democrats in Washington are pushing for another stimulus bill to be passed, Senate Republicans are saying there should be no more stimulus money given out unless there is something within the bill to better address liability coverageHuston pointed out that they as state lawmakers are waiting to see if lawmakers in Washington will pass any legislation first.“We’ll wait and see what the federal guys do,” he said. “I think we’ll know by June where the federal guys are on that. If not it’s something we’re going to have to lead on and we are fine leading on it.”Huston said liability issues like this are likely going to be the “biggest hindrance” to the economy reopening in Indiana as more restrictions some state and local leaders are rolled back. He also said small businesses are not alone on this issue either.“It was good that we got a letter from all the school corporations … they said this was their number one issue,” said Huston. “It’s not just the private sector, it’s the public sector too that recognizes this threat and it’s got to be addressed.”Huston said he has “overwhelming confidence in employers that they are going to do whatever they can to protect employees and customers alike. But, he also acknowledges sometimes that’s not enough to protect them from a lawsuit. By Network Indiana – May 28, 2020 0 256 WhatsApp Facebook Twitter Previous articleWoman facing battery charge after spitting on cop; claiming COVID infectionNext articleSome polling locations have changed in Elkhart County Network Indiana Pinterest Google+ Google+ Twitter Pinterestlast_img read more

Leftover Salmon Taps Jen Hartswick & Skerik For Special Thanksgiving Shows

first_imgOn Friday, November 24th, and Saturday, November 25th, Leftover Salmon—consisting of featuring Vince Herman, Drew Emmitt, Greg Garrison, Andy Thorn, Alwyn Robinson, and Erik Deutsch—will return to their hometown in Colorado for a special two-night run at the Boulder Theater. Since 1989, Leftover Salmon has established itself as a premier Americana act, blending rock, folk, bluegrass, Cajun, soul, zydeco, jazz, and blues into a unique sound wholly its own. During the group’s twenty-five plus years as an ensemble, the group has earned a rabid following with their high-energy shows and fearless genre-defying sound.For these special Thanksgiving-weekend shows in Boulder, the genre-bending jamgrass act will be joined by the High Country Horns, also featuring Trey Anastasio Band trumpeter and vocalist Jennifer Hartswick and saxophonist Skerik. These horns are set to augment the six-piece ensemble’s already larger-than-life sound, making for a special collaborative performance that people won’t want to miss. You can check out a video from Leftover Salmon’s Red Rocks show this summer to get a taste of what to expect during these upcoming Boulder shows. In this fiery rendition of “One Of These Days”, Leftover is joined by Mickey Stevens (trumpet), Andy Goessling (sax),  Tim Carbone (fiddle), and Keller Williams (rubboard). [Video: Kyle Isaac]In addition to these highly anticipated horn-heavy Leftover Salmon performances, each night, the beloved Americana ensemble will be supported by a different rising-star bluegrass band. On November 24th, Grant Farm is scheduled to start things off, while, on November 25th, The Drunken Hearts will warm up the crowd. Additionally, the CU Denver Bluegrass Ensemble will be on hand to warm up the stage each night ahead of Leftover’s headlining performances.Tickets for Leftover Salmon’s upcoming shows at Boulder Theatre are on sale now. Friday night performance with Grant Farm are available for purchase here, and tickets for Leftover’s Saturday performance with The Drunk Hearts are available for purchase here.Enter To Win A Pair Of Tickets To Your Choice Of Show:last_img read more

Neal Schon’s Journey Through Time Announces 2019 Tour Dates

first_imgFollowing their debut performance in San Francisco almost a year ago last February, Journey frontman and Rock and Roll Hall of Famer Neal Schon will take his Neal Schon’s Journey Through Time project on the road starting later this month.The group’s announcement via press release on Monday notes that the band will showcase songs from the very beginning of Journey’s inception while paying tribute to fan-favorite classic hits. Schon will be joined on the tour by former Journey member Deen Castronovo on vocals and drums, Gregg Rolie (Santana) on keys, Marco Mendoza (Thin Lizzy, Whitesnake) on bass and vocals, and multi-instrumentalists Marti Frederiksen and Chris Collins.Neal Schon’s Journey Through Time kicks off their brief run of shows at Jackson, CA’s Jackson Rancheria Casino Friday, February 22nd, followed by a performance at Oakland, CA’s Fox Theater on Saturday, February 23. The sextet will then head to Phoenix AZ’s The Van Buren on Friday, March 1st, followed by a performance at Los Angeles, CA’s Orpheum on Saturday, March 2nd, bringing the brief four-show run to a close.Fans can head to Neal Schon’s website for ticketing information.Neal Schon’s Journey Through Time tour dates:February 22 – Jackson Rancheria Casino – Jackson, CaliforniaFebruary 23 – Fox Theater – Oakland, CAMarch 1 – The Van Buren – Phoenix, AZMarch 2 – The Orpheum – Los Angeles, CAView All Tour Dates[H/T JamBase]last_img read more

Golden age for team players

first_imgEmployers increasingly reward workers who have both social and technical skills, rather than technical skills alone, according to a new analysis by a Harvard education economist.Research by David Deming, a professor of education and economics at the Graduate School of Education and a professor of education and public policy at the Kennedy School, shows that workers who combine social and technical skills fare best in the modern economy, as measured by a 7.2 percentage point increase in available jobs and a 26 percent wage increase between 1980 and 2012.Those in technical jobs that have few requirements for social skills, such as specialists in STEM (science, technology, engineering, and math) fields, actually saw the number of jobs decline 3.3 percentage points. While wages for those jobs rose over the study period, the increase was roughly a quarter of that seen in jobs requiring both technical and social skills.Automation and computerization, which first affected repetitive, low-skilled industrial work, are penetrating fields that, though perhaps more cognitively demanding, also have elements that are routine and somewhat repetitive, Deming said.“Jobs where you just sit in a cubicle or on the factory floor and work in isolation are going to disappear,” he said. “In the long run of history, jobs that get replaced are drudgery. In the long run, we will be better off.”The study’s good news, Deming said, is that people can still thrive in an area where computers come up woefully short: interacting with other people. Specifically, today’s job market favors those who have the skills to be good team players.“Social skills reduce the cost of coordinating with others,” Deming said. “Each time there’s a new set of people, they have to figure out anew what their roles are.”Source: “The Growing Importance of Social Skills in the Labor Market,” David J. DemingDeming’s paper, to be published next month in the Quarterly Journal of Economics, lists nursing, teaching, therapy, medicine, and law — all fields that require significant interpersonal interaction — among the occupations growing fastest as a share of the labor market. Engineering and architecture are among the occupations whose workplace share has shrunk.The results partly reflect how the nature of certain fields is changing, Deming noted. Engineers and computer programmers are still needed, but positions in which they might do the bulk of their work alone in a cubicle are giving way to more team-based, project-based approaches, Deming said.“I don’t think STEM jobs are going to disappear,” he said. “Technological change is disrupting the nature of existing jobs.”The study grew out of Deming’s sense that employers’ desire for strong social skills in new hires was being ignored. For years, employer surveys have listed the ability to communicate well and work as part of a team among important skills for new hires. Nonetheless, economists and educators have continued to emphasize hard skills.“We don’t have a way of measuring how some people work on teams,” Deming said. “We don’t have a formal way of thinking about that.”Deming took a step toward a providing one by developing a mathematical model in which group members trade tasks among themselves to optimize use of their particular skills, which in turn makes the group more efficient. He then applied the model to national employment data sets, which allowed him to quantify the dependence of particular jobs on social skills and see how those jobs changed over time.The results, according to his paper, reinforce prior research showing that skilled jobs are becoming less routine, perhaps because machines are taking over routine work.The findings have implications for U.S. schools, Deming said. To the extent that teachers prepare students for the job market, the study indicates that team-based project work should be a point of emphasis.“If you want schools to train people for the workplace, you have to simulate the situation they encounter in the workplace,” he said.last_img read more

Why ‘truth’ beats facts

first_img Media officials probe the erosion of their influence and the clouded future of news How America went astray Related Gwyneth Williams got vital lessons in the importance of truth while she was growing up in apartheid South Africa. The former editorial leader of the BBC’s World Service and its Radio 4 and spring 2020 Shorenstein Center Fellow said she often returned home from school to find her father, an “admittedly eccentric” professor, on the roof fiddling with the radio antenna. He wanted to ensure his family would be able to hear BBC news, “a lifeline in a society where there was propaganda everywhere.”That trust in facts seems almost quaint these days, agreed Williams and Michael Sandel, Bass Professor of Government Theory at Harvard Law School, at a Harvard Kennedy School discussion on Thursday. “Does Truth Have a Future?” explored how the boundaries of fact and propaganda are blurring in a deeply riven, post-truth world.Sandel noted that Williams may be particularly qualified to examine the possibilities of seeing truth more broadly owing to her experience at Radio 4, which he described as “PBS, NPR, and The Atlantic all in one.” Williams produced Sandel’s Radio 4 series, “The Public Philosopher,” which featured debates with audience members, and Sandel noted Williams’ innovative approach to news programming, which adds related art and cultural context to straight reporting.Williams said these additions reach for a deeper truth than the practice of “rolling news” — the reiteration and hyping up of lead stories on many cable channels. “A pattern has developed with the repetition of these stories, and the heightened emotion. Together with digital media, this can have a brutalizing effect,” she said. Thus when Radio 4 covered the Arab Spring uprising nine years ago, it also covered related music and literature, in particular “The Cairo Trilogy” by Egyptian novelist Naguib Mahfouz, which chronicles the lives of a family across three generations.“I am not saying we should move away from hard news, but I believe very strongly that it needs to be deepened,” Williams said. “Nobody actually believed that Mexico was going to write a check and pay for the wall, but they knew what [Trump] meant.” — Michael Sandel Feel that clean air and voting are human rights? It’s partly on you Pursuing veritas in a ‘post-truth’ eracenter_img To consider truth’s role in current U.S. politics, Sandel noted that facts alone are not enough to heal political divides. He cited the widespread belief that people might find agreement on such key issues as immigration and climate change if all were better educated about underlying facts. “But I think this is a misreading of what ails democracy. There is a difference between factual truth, and what we might call moral or spiritual truth. The reason we disagree about facts is because we disagree about the underlying moral and political questions — not the other way around.”As an example Sandel cited President Trump’s well-known, untrue pronouncement that “We’re going to build a wall, and Mexico will pay for it.” This was one of the 16,241 false or inaccurate statements by Trump that The Washington Post tallied during his first three years in office. Yet Sandel suggested that fact-checking and analysis are beside the point, since they haven’t changed many peoples’ minds about the president or his administration. The real truth, he said, stretches into something deeper — namely the beliefs of the people who embrace the statement.“Nobody actually believed that Mexico was going to write a check and pay for the wall,” he said. “But they knew what [Trump] meant. He was making an argument that touched on their experiences, convictions, hopes, and fears. Fact-checkers will point out it is not true, and it isn’t as a matter of fact. But it has a claim that is rooted in a certain kind of political argument. And that is the level we have to take it on.”Similarly, he said the disagreement over climate change increases, surprisingly, with the level of education of those involved. As Williams noted, the BBC includes these disagreements in its reporting: “The rule is to say that the preponderance of evidence may support viewpoint X, but we will also discuss viewpoint Y.” New book calls for the embrace of an ‘ethics of responsibility’ to solve social, economic, and political problems In their new book, Nicholas Kristof and Sheryl WuDunn return to Kristof’s rural Oregon hometown to find the roots of white working-class anger In the talk’s final segment, Sandel and Williams emulated Radio 4’s eclectic style by bringing music and poetry into the mix. They played a video of Whitney Houston’s 1991 performance of “Battle Hymn of the Republic” (with the famous chorus “His truth is marching on”) to mark the return of troops after the first Gulf War. They also read an Emily Dickinson poem, “Tell all the truth but tell it slant.” Sandel invited the audience to consider how both these works register on the “truth meter,” and try to understand how they may evoke powerful feelings of truth that extends beyond factual accuracy.Sandel gave his most direct answer when a student asked how to promote the cause of truth through these gray areas. “By taking on and engaging with the deep convictions of those with whom we disagree,” he answered. “We shouldn’t do this out of the conviction that maybe we will change their minds, but that maybe we will see them more clearly, more sympathetically, as a result of this engagement and dialogue.”last_img read more

With 61 days to the election, students share reactions to historic DNC and RNC conventions

first_imgThis year’s political party conventions made history. Largely pre-recorded and viewed remotely from across the country, the Democratic and Republican National conventions (DNC and RNC, respectively) concluded their consecutive weeks with former Vice President Joe Biden accepting the Democratic nomination for president and incumbent President Donald Trump accepting the Republican nomination.Notre Dame students shared their impressions of the conventions as the election nears over a series of email correspondences.Zachary Holland, junior co-president of the College Democrats Club, said he was impressed with the DNC given the circumstances. “I watched three of the four nights, and I thought that the Democratic Party’s uplifting message of progress and hope was one desperately needed in this terrible year,” Holland said. Holland found Biden’s speech to be his best ever and was also impressed with former President Barack Obama’s speech, among others. “My own favorite was the speech of Sen. Bernie Sanders, who made it quite clear what is at stake in this election, and how Joe Biden will move us forward rather than just maintaining the status quo,” Holland said.He was disappointed, however, that the DNC didn’t embrace the progressive movement emerging from the largely younger members of the Democratic party. Holland watched parts of the RNC, of which he was critical. “When they weren’t openly defying the law, like hosting the president’s acceptance speech at the White House, the Republican Party was sowing a message of division and fear at the RNC, often with claims not backed up by fact,” he said.In regard to the final outcome of the election, Holland said he was skeptical. “Democrats will have to fight every day for the next nine weeks to win this election,” he said.Sophomore, president of the College Republicans Club Adam Morys said after watching parts of the RNC, he was left with an overall positive impression of the RNC. “They gave a strong defense of the American way of life — patriotism, respect for the rule of law, freedom of speech and American exceptionalism,” Morys said. Morys was impressed with a number of speakers, most of all Ann Dorn, the widow of late retired St. Louis Police Captain David Dorn. “[She] delivered an incredibly moving address that will wake up Americans all across this country. Her speech was my favorite,” Morys said. Additionally, Morys was in favor of Sen. Tom Cotton’s praise of President Trump’s foreign policy actions but said he was unsupportive of the criminal justice reform policies proposed by different RNC speakers.President Trump’s speech also impressed Morys, especially “his attacks on Biden’s policy platform, strong condemnation of violence in American cities and unapologetic defense of America’s history and greatness.”Overall, Morys said he thought the RNC improved the Republican Party’s chances in the election. “If the Republican Party consistently defends the rule of law, they will perform well in November,” he said.Former ND football coach Lou Holtz was a speaker at the RNC as well.International economics and political science major junior Kyle Dorshorst watched both conventions and followed them on the news and Twitter. “I thought it was really important to see both sides, although I am definitely planning on voting for Joe Biden,” he said.A Milwaukee native, Dorshorst said he was disappointed the DNC could not convene fully. “However, I think that the DNC took great advantage of the digital format by showing both the diversity of the country and the unity of so many different people behind Joe Biden,” he said. “They also did a much better job of addressing people’s concerns about the coronavirus than the RNC, in my opinion, and made a strong case for why Biden should be the next president.”Gregory Miller, junior co-president of BridgeND, a club that fosters political dialogue between students of opposing views, followed both conventions and concluded the election has become “a referendum on Trump,” he said.“Indeed, the RNC decided not to release a party platform this year; instead, they announced unconditional, ‘enthusiastic support’ of Donald Trump,” Miller said. “Meanwhile, the DNC was an attack on Trump and a propping up of Biden’s moral character but still failed to actively provide and center a policy platform that Democrats support. In this process of partisanship, policy was lost. And when policy loses, the American people lose.”The Observer posed a poll to its Twitter followers Monday, asking whether they watched the DNC, the RNC, both or neither. Of the 190 votes by Tuesday evening, 24% said they followed the DNC, 17% the RNC, 20% both and 39% neither.The general election is Nov. 3., 61 days away. Another on-campus group, ND Votes, seeks to increase voter registration and education at ND. The group has published a voter guide for students which can be accessed at their website. Tags: 2020 presidential election, DNC, RNClast_img read more

Chittenden Reports Earnings and Quarterly Dividend

first_imgChittenden Reports Earnings and Quarterly Dividend(NYSE: CHZ) Chairman, President and Chief Executive Officer, Paul A.Perrault, of Chittenden Corp in Burlington has announced earnings for the quarter ended September 30,2004 of $19.5 million or $0.42 per diluted share, compared to $19.9million or $0.43 per diluted share a year ago. For the first nine monthsof 2004, earnings were $55.1 million or $1.18 per diluted share, comparedto $55.1 million or $1.23 per diluted share a year ago. Chittenden alsoannounced its quarterly dividend of $0.18 per share. The dividend will bepaid on November 12, 2004, to shareholders of record on October 29, 2004. In making the announcement, Perrault said, “As I reported last quarter, wecompleted the most comprehensive information technology conversion inChittenden’s history. Because we were just one month into running ourbanks on the new system as the third quarter began, there was muchactivity during the past quarter dealing with the post-conversion issuesthat are typical in an undertaking of this magnitude. I’m happy to reportthat with the extraordinary effort and customer focus that areChittenden’s hallmarks, we are successfully meeting these challenges andcompleting the transition to the systems and processes that will take usinto the future. We continue to be encouraged by certain aspects of thequarter’s financial results, particularly continued strong loan growth,steady asset quality and net interest margins that have begun to improveas variable rate loans adjust due to the recent prime-rate increases.” Total loans increased $155 million from June 30, 2004 and $256 millionfrom year-end. The increases were primarily driven by commercial,commercial real estate and municipal loans. The Company’s commercial andcommercial real estate loan portfolios have continued to achieve steadygrowth throughout the year with an annualized growth rate of over 15%.Residential real estate loans increased approximately $21 million fromJune 30, 2004 driven by growth in the 1-4 family category and home equitylines of credit, which was partially offset by slightly lower balances inloans secured by multi-family residential properties. The increase inmunicipal loans reflects a seasonal trend, as June 30th is historicallythe low point with respect to borrowing needs of municipalities,coinciding with their fiscal year-ends. Total deposits at September 30, 2004 increased $178 million from the priorquarter and $123 million from December 31, 2003. The Company experiencedsolid deposit growth in CMA/money market accounts and jumbo CDs. Thisincrease was primarily associated with the Company’s municipal andcommercial customers. At September 30, 2004 borrowings declined $26million from the second quarter due to lower levels of overnight Fed Fundspurchased as a result of higher deposit levels. Borrowings also declinedapproximately $112 million from the same quarter a year ago, primarily dueto the early redemption in late 2003 and early 2004 of FHLB borrowingsthat were assumed as part of the Granite Bank acquisition. Net interest income was $56.7 million for the third quarter of 2004compared with $54.7 million for the same period a year ago. The Company’snet interest margin for the third quarter of 2004 was 4.20%, an increaseof two basis points from the second quarter of 2004 and up 22 basis pointsfrom the third quarter of 2003. In the third quarter of 2003, the Companyrecognized accelerated purchase accounting amortization of $1.7 millionprimarily due to heavy prepayments on Granite’s residential mortgages. Theaccelerated amortization accounted for 13 basis points of the increasefrom that period. Net charge-offs as a percentage of average loans were 1 basis point forthe quarter ended September 30, 2004, flat with the same period in 2003.Net charge-offs in the third quarter of 2004 totaled $396,000 comparedwith $631,000 in the second quarter of 2004 and $470,000 for the thirdquarter of 2003. For the first nine months of 2004, net charge-offstotaled $1.4 million or 4 basis points, compared to $3.1 million or 9basis points in 2003. Nonperforming assets were $21.6 million at September30, 2004, up $941,000 from June 30, 2004. As a percentage of total loansthis represented 54 basis points, flat with the second quarter and up fromthe third quarter of 2003. The provision for loan losses was $1.0 millionfor the third quarter of 2004 compared to $2.0 million for the thirdquarter of 2003. Continued lower levels of net charge-offs, and strongasset quality drove the provision for the third quarter of 2004. As apercentage of total loans, the allowance for loan losses was 1.47%, downfrom 1.52% at June 30, 2004, as a result of continued strong loan growth. Noninterest income for the third quarter 2004 declined $2.8 million on alinked-quarter basis and $7.2 million from the same period a year ago.Lower mortgage banking revenues and insurance commissions were the primaryfactors in the declines. Gains on sales of loans declined from $7.0million in the third quarter of 2003 to $2.3 million in the third quarterof 2004 due to lower originations of mortgage loans caused by highermarket interest rates. Mortgage servicing income declined from both thethird quarter in 2003 and the second quarter of 2004 due to lowerimpairment recoveries. Recoveries in the third quarter of 2003 were $3.3million compared to $1.7 million in the second quarter of 2004 and animpairment of $15,000 in the third quarter of 2004. Insurance commissionsdeclined from the third quarter of 2003 as a result of lower levels ofperformance-based income. Net gains on sales of securities were $186,000in the third quarter of 2004, compared with $3.3 million in 2003. Theprior quarter amount was substantially offset by $2.2 million in losses onthe prepayment of borrowings. The current quarter amount reflectssecurities gains of $1.4 million, net of a $1.2 million impairment lossrecognized on the Company’s only significant venture capital investment.Partially offsetting these declines were increases in investmentmanagement and trust income, due to stronger sales and improved equitymarkets, and other non interest income, from the $757,000 gain on the saleof a branch in the third quarter of 2004. Noninterest income for the first nine months was $56.5 million in 2004compared to $74.0 million for 2003. Mortgage-banking revenues declined$9.7 million primarily due to lower mortgage originations, which resultedfrom the increase in mortgage rates. Gains on sales of securities, net oflosses on prepayment of borrowings, declined $11.2 million from 2003. Thehigher level of gains in the prior year were substantially offset by $6.8million in non- recurring charges related to the Company’s decision toconvert its core data processing systems. The remaining gains on sales ofsecurities in 2003 were the result of rebalancing the investment portfoliodue to heavy prepayments on mortgage backed securities and callableagencies. The declines in mortgage banking and gains on securities saleswere partially offset by higher levels of investment management and trustincome, which was $2.1 million higher than a year ago, and higher levelsof other noninterest income driven by a $1.3 million gain on the sale oftwo branches. Noninterest expenses were $42.8 million for the third quarter of 2004compared to $46.9 million for the same period a year ago. The decline fromthe third quarter of 2003 is primarily attributable to lower salary andbenefit expenses, as well as lower data processing expense. Salariesdeclined $2.6 million primarily due to lower sales based commissions of$1.6 million and incentive accruals of $856,000. Benefits expense declineddue to lower medical and dental expenses of $342,000. Data processingexpense declined $1.3 million from the same period a year ago due to thedata processing system conversion in the second quarter of this year. Noninterest expenses for the first nine months of 2004 were $133.4 millioncompared to $143.3 million for 2003. The decline from the same period ayear ago is primarily attributable to lower salaries, data processing andconversion and restructuring expenses. Salaries declined $3.9 million fromthe first nine months of 2003 primarily due to lower incentive accruals.In addition, lower levels of sales based commissions for the nine monthsof 2004 were offset by higher salaries due to the inclusion of the formerGranite Bank branches for the entire nine-month period in 2004 versus onlyseven months in 2003. Employee Benefits expenses were $1.3 million higherin 2004 due to an increase in medical and dental benefits expenses.Conversion and restructuring expense declined from 2003 due to thenon-recurring charges accrued in the second quarter of 2003 related to theCompany’s decision to convert its core data processing system. The effective income tax rate for the first nine months of 2004 was 36.5%,compared with 36.2% in 2003. For the third quarter, the effective tax ratewas 36.5% in 2004 compared with 35.4% in 2003. The higher effective incometax rate was primarily attributable to increased taxable income in NewHampshire, which has a higher statutory tax rate than other states inwhich the Company has operations. The return on average equity was 13.11% for the third quarter of 2004,compared with 12.40% for the second quarter of 2004 and 14.19% for thethird quarter a year ago. The decrease from the same period in 2003primarily resulted from higher average equity. The return on averageassets for the quarter ended September 30, 2004 was 1.31%, an increase of5 basis points from the second quarter and a decline of 1 basis point fromthe third quarter of last year. The return on average tangible equity was22.13% in the third quarter of 2004, compared to 21.01% in the priorquarter and 25.07% in the same quarter a year ago. A reconciliationregarding the measures included in these ratios is provided in theattachments to this news release. Kirk W. Walters, Executive Vice President and Chief Financial Officer ofChittenden Corporation, will host a conference call on October 21, 2004 at10:30 am eastern time to discuss these earnings results. Interestedparties may access the conference call by calling 800-299-7635, passcode75416688. International dial-in number is 617-801-9715. Participants areasked to call in a few minutes prior to the call in order to register.Internet access to the call is also available (listen only) by clicking”webcasts” under the Investor Resources section of the Company’s websiteat is external). A replay of the call will be availablethrough October 28, 2004 by calling 888-286-8010 (International dialnumber is 617- 801-6888), passcode 10611230. A replay of the call willalso be available on the Company’s website at the address above for anextended period of time. The Company may answer one or more questionsconcerning business and financial developments and trends and otherbusiness. Some of the responses to these questions may contain informationthat has not been previously disclosed. Chittenden is a bank holding company headquartered in Burlington, Vermont.Through its subsidiary banks(1), the Company offers a broad range offinancial products and services to customers throughout Northern NewEngland and Massachusetts, including deposit accounts and services;commercial and consumer loans; insurance; and investment and trustservices to individuals, businesses, and the public sector. ChittendenCorporation’s news releases, including earnings announcements, areavailable on the Company’s website. This press release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Actof 1933 and Section 21E of the Securities Exchange Act of 1934. Chittendenintends for these forward-looking statements to be covered by the safeharbor provisions for forward- looking statements contained in the PrivateSecurities Litigation Reform Act of 1995 and is including this statementfor purposes of complying with these safe harbor provisions. Theseforward-looking statements are based on current plans and expectations,which are subject to a number of risk factors and uncertainties that couldcause future results to differ from historical performance or futureexpectations. These differences may be the result of various factors, including changesin general, national or regional economic conditions, changes in loandefault and charge-off rates, reductions in deposit levels necessitatingincreased borrowing to fund loans and investments, changes in interestrates, changes in levels of income and expense in noninterest income andexpense related activities and other risk factors. For further information on these risk factors and uncertainties, pleasesee Chittenden’s filings with the Securities and Exchange Commission,including Chittenden’s Annual Report on Form 10-K/A for the year endedDecember 31, 2003. Chittenden undertakes no obligation to publicly updateor revise any forward-looking statement, whether as a result of newinformation, future events or other changes. (1) Chittenden’s subsidiaries are Chittenden Bank, The Bank of WesternMassachusetts, Flagship Bank and Trust Company, Maine Bank & TrustCompany, and Ocean National Bank. Chittenden Bank also operates under thename Mortgage Service Center, and it owns Chittenden Insurance Group, andChittenden Securities, Inc.last_img read more

GoodRx stock plunges after Amazon announces push into pharmacy

first_imgGoodRx signage on the outside of the Nasdaq on the day of its IPO, September 23, 2020.Source: GoodRx Shares of GoodRx, a company that finds users prescription drugs at a discount, plunged more than 17% in premarket trading Tuesday after Amazon announced its biggest move yet into the pharmacy space. The e-commerce giant revealed Amazon Pharmacy on Tuesday, which will allow customers in the United States to order prescription medications for home delivery. Amazon Prime members will get free delivery.The announcement also spooked investors in traditional pharmacy giants. Shares of CVS and Walgreens dropped more than 8% and 11%, respectively, while Rite Aid‘s stock dropped more than 12% in the premarket. – Advertisement – – Advertisement – Amazon shares were up more than 2% in early trading.Doctors will be able to send prescription requests directly to Amazon Pharmacy. Patients can also request to transfer their prescriptions from an existing retailer, like Rite Aid or CVS. GoodRx, meanwhile, offers users a free list of discount cards and coupons to cut down costs of their prescription medication. The company collects fees from the pharmacy benefits managers it works with. – Advertisement –center_img Subscribe to CNBC on YouTube. – Advertisement –last_img read more

The Betina Wooden Shipbuilding Museum won the award for the best European museum of the year

first_imgThe Betina Wooden Shipbuilding Museum won the Silletto Award in Warsaw for the best European Museum of the Year in the category of working with the local community ‘Museums and communitiesThe Silletto Award is a special award European Museum Forum, which is awarded to museums that achieve the most successful model of cooperation with the local community, presenting the identity of the community through constant exhibition and activities, in their work guided by vision, dedication and enthusiasm, and involve different groups of people in educational work – children, the elderly. work with volunteers.”Our presentation with its main part referred to the influence and cooperation we have with the local community from the beginning – the founding of the Museum, preparation of exhibitions and countless activities that followed its establishment, which could not be realized without the support of the whole place. We emphasized how proud we are of our people from Betina and the help they provide us. We talked about the ideas we have for the future, about the Museum outside the walls, and how much the realization of these ideas will mean for our future activities.”Point out the Museum of Betina Wooden Shipbuilding.The museum preserves the knowledge of traditional wooden shipbuilding, which is an indispensable part of Croatian maritime heritage, and thus an important part of European maritime cultural heritage.In the meantime, there is no need to worry about it. ”A story of a tradition that lasts and remains The Museum of Betina Wooden Shipbuilding is located in the protected cultural and historical ensemble of Betina in the very center of the town, in a building that in itself has cultural and historical-architectural importance. Betina is a small place, typical of Dalmatian architecture, and has about 800 inhabitants who are mainly engaged in tourism, agriculture, fishing, crafts and handicrafts.The knowledge of shipbuilding was jealously guarded for generations and even family members did not know the secret of the shipbuilding craft – drawing ship lines. Knowledge of design was strictly guarded within the shipbuilding families, passed down from the master prota to the most able apprentice. It’s just proto he knew how to design a ship and he decided to whom he would transfer the knowledge. One of the most important roles of this Museum is the transfer of knowledgeThe pinnacle of Betina’s shipbuilding skills can be summarized in Betinska gajeta, a wooden boat 5 – 8 meters long and 2 to 2,6 meters wide, with a sail as the main propulsion means. The art of construction of this wooden ship was recognized by the Ministry of Culture of the Republic of Croatia and included in the Register of Cultural Heritage of the Republic of Croatia as intangible cultural heritage.You have to experience this tourist story and put it on your bucket list.last_img read more

Indonesian Red Cross sends COVID-19 mitigation supplies to Timor Leste

first_imgRead also: Indonesia to carry out large-scale trials of blood plasma therapy for COVID-19 patientsIn total, the supplies weighed around 4 tons.“Although the PMI is actually experiencing a similar challenge, namely a supply shortage for COVID-19 countermeasures, it is still committed to offering help,” Sahat Sitorus, Indonesian Ambassador to Timor Leste, said in the statement.He expressed his hope for the two groups to further strengthen their ties in the future, then thanked them as well as on-duty doctors and nurses for their hard work in containing the outbreak in Timor Leste. The country has reported zero COVID-19 cases since May 15.The country has recorded 24 COVID-19 patients in total, all of whom have recovered.Topics : The Indonesian Red Cross (PMI) has sent the Timor Leste Red Cross (CVTL) medical supplies for COVID-19 mitigation measures as part of ongoing efforts to strengthen the spirit of collaboration between the two cross-border institutions.The aid packages arrived in Timor Leste on Wednesday, according to a statement from the Indonesian Embassy in Dili.They comprise personal protective equipment (PPE) for COVID-19 handling, including 500 masks, 500 protection suits, 500 glasses, 500 face shields, 10,000 packages of disinfectant, 10 sprayers and 10 thermometers to be used by volunteers and medical workers in 13 districts in Timor Leste.last_img read more