Editorial: Wall Street’s Retreat From King Coal

first_img FacebookTwitterLinkedInEmailPrint分享From the New York Times:The grave environmental damage from coal-fired power plants has done nothing to deter the Senate majority leader, Mitch McConnell, from decrying a “war on coal” and orchestrating his own war against the Obama administration’s climate change agenda. But he and other coal-state Republicans would be foolish to ignore the growing consensus on Wall Street that King Coal, for all its legendary political power, has turned into a decidedly bad investment.JPMorgan Chase announced this month that it would no longer finance new coal-fired power plants in the United States or other advanced nations, joining Bank of America, Citigroup and Morgan Stanley in retreating from a fuel that provides about one-third of the nation’s electricity and accounts for about one-quarter of the carbon emissions that feed global warming.Cleaner and cheaper natural gas is fast becoming the preferred investment, a blunt marketplace reality that is sure to weaken coal’s grip on the planet as much as moral and environmental concerns. Last week’s announcement by Peabody Energy, the world’s largest private-sector coal company, that it may have to seek bankruptcy protection, just as three other major coal producers have done recently, provided a dramatic confirmation of this trend.Main Street also seems to be getting the message. Two weeks ago, Gov. Kate Brown of Oregon signed ambitious legislation — agreed to by environmentalists, consumer groups and power producers — that requires the state’s two largest utilities to stop importing out-of-state coal-generated power by 2030 and to use renewable energy to meet half of the demand of their customers by 2040. Oregon’s only in-state coal-fired plant will close by 2020.Even so, Mr. McConnell persists in his campaign to block the administration’s clean power rule, the centerpiece of Mr. Obama’s plans to reduce greenhouse gas emissions by steering power producers away from dirty coal-fired plants to cleaner sources of energy. Ever ready with new and more mischievous strategies, Mr. McConnell has encouraged court challenges to the rule and has gone so far as to tell Republican-led states to ignore it, further deepening his party’s sorry retreat into science denial.Though reeling now, the coal industry insists it will rebound by selling more to markets like China. But this is little comfort to workers who can read the markets better than Mr. McConnell can. Rather than encouraging obstruction, the senator, who received $273,850 in campaign contributions from the coal industry for his 2014 re-election, should be taking the lead in crafting government programs to help the industry, miners and communities as they face a hard period of inevitable transition.Even as the administration cracks down on coal — in recent weeks it has also suspended new coal leasing on federal lands — it has called for job training and other assistance to ease the pain. These are the types of creative adjustments that Mr. McConnell and his colleagues should be tackling, instead of clinging to King Coal’s fading past.Wall Street’s Retreat From King Coal Editorial: Wall Street’s Retreat From King Coallast_img read more

Is the customer always right?

first_imgWe’ve all heard the old saying that the customer is always right. In the past few years, there’s been some debate on this topic. The new thinking is that the employee is always right. So which is it? Of course, there are no absolutes, but based on my own experience, I believe giving the customer the benefit of the doubt makes good economic sense.Many years ago, I got into a “discussion” with a Walmart employee over some $14 wiper blades that had been misracked on a $7 peg. The Walmart rep became genuinely offended when I suggested that, as a matter of good customer service, she should sell me the wiper blades for $7 each. I didn’t set foot in another Walmart for at least 10 years. In other words, Walmart may have saved $14 that day, but it lost literally thousands of dollars in future business.Last year, I was at a conference in Eugene, Ore. One night, a group of people went out to have a good time. I was denied entrance at one dance club because the doorman said I was too inebriated. The truth is, I wasn’t inebriated at all, and believe this was a matter of age discrimination. (Disclaimer: I’m old.) Anyhow, he summoned a manager who, after some conversation, agreed that I was not inebriated. However, he felt that he had to back his employee’s decision and still wouldn’t let me in. In other words, taking the position of “the employee is always right” cost this club a couple-of-hundred-dollar bar tab.About a year ago, we bought some living room furniture from Jerome’s, a well-known local furniture chain. It wasn’t our first purchase there. The quality is good and the prices are good, but I didn’t really consider myself a loyal customer.Recently, we moved our recliner, which Jerome’s had installed (meaning two Jerome’s guys put it there), and discovered it was missing its rubber feet. This resulted in deep gouges in our hardwood floor. This in turn resulted in a $1,600 repair bill.Visions of small claims court danced in my head as I filled out the comment form on the Jerome’s website. Much to my surprise though, instead of telling me to pound salt, they asked for pictures, which I promptly provided. Then they asked me for the repair invoice, which I also promptly provided. Then they told me they’d gladly cut me a check for $1,600. Wow!Going forward, I will only buy furniture from Jerome’s, because I’m confident that I’ll be treated fairly. In other words, Jerome’s gained a customer for life.I know my few thousand dollars are a drop in the bucket for Walmart. And I’m sure that dance club won’t miss my couple hundred dollars. I’m also confident that Jerry Navarra won’t notice the extra money I send his way in the coming years.On the other hand, I can’t believe that my experiences are isolated. If these organizations continue to treat people in this manner, consumers will react accordingly. That’s a good thing for Jerome’s. Not so much for the other two. 50SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John San Filippo John is the co-founder of OmniChannel Communications, Inc., a company that specializes in B2B marketing to community financial institutions. He started out in the savings and loan industry, but wisely … Web: www.omnichannelcommunications.com Detailslast_img read more

Three reasons to be a life-long learner

first_img 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Sarah Marshall Sarah Marshall is a consultant in the credit union industry, and can be reached for partnership and speaking opportunities through Your Credit Union Partner. Her background in community development includes … Web: https://yourcupartner.org Details One of the keys to staying sharp as a leader is continuing to learn. Almost all of us are grateful when the days of formal education are behind us, (and not so grateful about student loan debt!) but that does not mean education stops. If you are in a leadership role in any capacity, or strive to be in the future, continuing to learn new skills is critical. Your new skills don’t even have to be in the financial services industry, although intentional career development is also important. The process of learning is what keeps you sharp as a leader. Here is why: 1. Learning gives you a broader perspective. When you choose to gain new knowledge, you also gain a new way of looking at the world.  Your new knowledge can help you approach the world in an inter-disciplinary manner, and enhances your critical thinking skills. You may gain lessons from learning art, reading a book on an unfamiliar subject, or picking up a hobby that requires attention to detail. Those lessons may cause you to approach a problem in your organization differently.  If you take a class or learn in a group environment, you are likely to meet new connections in the process of learning. Making friends in different industries can be a tremendous resource, especially when you have an unfamiliar problem you need to tackle or need a referral for expertise outside of your industry. 2. Learning keeps you humble.  The process of learning involves being a beginner again, or learning from someone with more knowledge than you, or both. Learning a new skill for the first time, whether it be web design or cooking, can be frustrating and humbling as you realize you are not good at something unfamiliar. To learn, you have to absorb knowledge from an expert or through repetition and practice. Easily recalling the feeling of not being good at something is a good frame of reference, especially if your role involves guiding other people in the process of career development. It also builds confidence in your ability to learn new things when you see your skill set grow in an area that was not previously a strength. 3. Learning from others is necessary to drive results.  If you are working with other people, you will excel most when you are willing to learn. If you want to build or be part of strong team, it requires understanding where your colleagues are experts. A good team is willing to learn from others who know more, and let each individual shine in their area of expertise. It will often produce better results. Plus, people are more willing to help and teach people who have an attitude of willingness to learn. Learning adds value in both tangible and intangible ways. Make time outside of your career for that new hobby or the book you have been meaning to read!last_img read more

Driving change through communication

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » My organization is preparing to host our Annual Conference next week – which is all about equipping our members with the trends and strategies needed to take their institution into the future. One of the challenges leaders often face is how to tackle change in order to stay relevant and grow. In addition to having the awareness of where we’re headed, it’s important to communicate your vision for change with employees.Business consultant Robert Ford writes that the worries of change – moving from what’s known and safe, which can hold people back – can be overcome by effective communication from the top. Here are five tips to help you get your team on board:Create a leadership communication mandate that connects me, inspires me and tells me what I should do. As the CEO or president, your organization is driven by your vision. An opportunity for change that excites you needs to do the same for your employees. You need their buy-in, otherwise they’ll be reluctant to move forward with you.Address the past as well as the present and future. Let your team know how this change will drive your organization to success. Acknowledge what’s worked well – and what hasn’t – and how this new approach will accentuate where you excel.last_img read more

NCUA provides $3.7M in grants, loans to help meet COVID-19 needs

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr NCUA awarded $3.7 million in grants and no-interest loans to 162 low-income credit unions, helping them provide affordable financial services to their members and communities during the COVID-19 pandemic.In April, the agency committed the majority of its 2020 Community Development Revolving Loan Fund allocation to COVID-19 assistance. The grants and loans went to low-income credit unions in 40 states and the District of Columbia.NCUA awarded 153 grants totaling nearly $1.5 million. Of those, 32 credit unions were first-time grant recipients. Forty-eight credit unions were minority depository institutions. Grant awards ranged from $900 to $10,000. The agency also approved nine no-interest loans of $250,000 each.The grants and loans fell into four categories: continue reading »last_img read more

Panel discussion “SMARTMED – challenges and opportunities for the development of smart tourism in Croatia” announced

first_imgIt is a panel discussion that aims to present the SMARTMED project and the concept of SMART tourism and answer the questions about the challenges and opportunities that await Croatia in the further development of this branch of tourism.   PROGRAM panel discussion “Smartmed – challenges and opportunities for the development of SMART tourism in Croatia” This event is an important part of creating an analytical basis for the development of a business model and pilot project within the SMARTMED project, and aims to detect challenges in the field and in management and identify key areas for the development of smart tourism in Croatia. On-line panel discussion “SMARTMED – challenges and opportunities for the development of smart tourism in Croatia” will be held on Tuesday, October 27, 2020, from 9:30 a.m. to 15:00 p.m.., and all interested can apply for participation via links. The Ministry of Tourism and Sports, in the role of the leading partner of the SMARTMED project and in cooperation with the consulting company Apsolon, announces an online event “SMARTMED – challenges and opportunities for the development of smart tourism in Croatia “, which deals with the development of conditions for smart and sustainable tourism and innovation in tourism in the Mediterranean. center_img At the event, which is open to all stakeholders in tourism, interesting panel discussions on four topics are expected: Sustainability, Cooperation and participation, Human capital te Technology and IT in which representatives of leading tourism companies, institutions and destinations will exchange their experiences. Those gathered will be addressed via the network Minister of Tourism and Sports Nikolina Brnjac which will further emphasize the importance of the SMARTMED project prepared under the PANORAMED initiative, the Interreg MED program. It is a project worth three million euros (22.5 million kuna) that connects 13 partners from 9 Mediterranean countries (Croatia, Spain, Portugal, France, Italy, Greece, Slovenia, Montenegro, Bosnia and Herzegovina)  which together, based on the specific needs of each of the countries, develop a business model for smart and sustainable tourism and innovation in tourism in the Mediterranean. The event will present the results of an analysis of the current state of skills and competitiveness in the Mediterranean and examples of best practice from the eight countries involved in the research. You will be able to find out which of the four (Sustainability, Cooperation and Participation, Human Capital and Technology and IT) is the worst in Croatia and the Mediterranean, why the regulatory framework has the lowest overall average score among all thirteen topics analyzed, and which are examples of good practices from Portugal and Barcelona, ​​the countries ranked best. Of all the areas, Croatia is the best in the field of “Sustainability”, and in general all areas have better ranked practices compared to the strategic and regulatory framework, with this difference being most visible in “Cooperation and Participation”. last_img read more

Kneeling not always a sign of disrespect

first_imgCategories: Letters to the Editor, Opinion Why is kneeling during the National Anthem disrespectful?Many people kneel in their house of worship and when praying. Should this also be considered disrespectful? Maybe we should start thinking for ourselves instead of subscribing to herd mentality, which is dubious.Carol AccorsiMaltaMore from The Daily Gazette:Foss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Thruway tax unfair to working motoristsPolice: Schenectady woman tried to take car in Clifton Park hours after arrest, release in prior the…EDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Beware of voter intimidationlast_img read more

Van Gaal pleased with Fergie praise

first_img Van Gaal has been charged with the task of rebuilding United following the failed reign of David Moyes, who Ferguson chose to succeed him after 26 successful years at the helm. Ferguson won 38 trophies during his tenure at the club, so anything short of a golden run will be viewed as a success by the Dutchman, who has won leagues in Spain, Holland and Germany. Press Association Louis van Gaal appreciates Sir Alex Ferguson’s praise, but admits he will always be under pressure to match the Scot’s achievements at Manchester United. Van Gaal has started to live up to his star-billing in recent weeks, taking United on a run of six wins from seven matches. The Dutchman was in a good mood as he addressed the media for the final time before Christmas on Tuesday. The 63-year-old shared a bottle of wine – red, naturally – with the reporters at Carrington, and spoke positively about the run of form which has lifted the Red Devils into third. United’s home form has been key to their revival. If they beat Newcastle on Boxing Day they will have won eight matches at Old Trafford – one less than they achieved for the whole of last season. “I said when we came back from the (pre-season tour of) the United States we wanted to build a fortress at Old Trafford so it was a pity we lost against Swansea,” said Van Gaal, reflecting on United’s only home defeat on the opening day of the season. “We want to build a fortress at Old Trafford, but we have made it that already because we have won a lot, and also with great results like 3-0 (against Hull) and 4-0 (versus QPR). “I’m happy with that, but then we have to continue.” The omens look good for United. The Red Devils have won 19 of their 22 matches on Boxing Day since the Premier League began. “Yes, I have read that,” Van Gaal said with a smile. The Dutchman’s face straightened when he was asked about speculation United were set to launch a world-record bid to sign Real Madrid star Gareth Bale next summer. “I cannot discus that with you,” Van Gaal said. “I discuss that with my CEO (chief executive Ed Woodward) and not with anyone of the media.” Van Gaal remains without injured trio Ander Herrera, Luke Shaw and Daley Blind while Marouane Fellaini is unavailable due to illness. Chris Smalling has an outside chance of playing against Newcastle, but Marcos Rojo is unlikely to feature due to a thigh problem. Wayne Rooney looks set to continue in the central midfield role he has occupied recently. “Against Aston Villa he (Rooney) was more of a defensive midfielder. He has the ability to run from box to box – that is also a little bit that he has to feel in the match, to read in the match that he can do that,” Van Gaal said. “That is a matter of time and I believe that he can do that.” Van Gaal later confirmed the United players, in a break with tradition, will be given Christmas Day off. The squad will report to Carrington on Boxing Day, rather than convene in a hotel the night before the match “I have changed that, I have given them free time and Christmas day with the family,” Van Gaal told MUTV. “We shall come together the next day here at our Aon Training Complex. Then we will have all of the meetings like we have done all season.” United’s greatest ever manager lavished praise on Van Gaal this week, telling BT Sport: ”He’s a great coach, he will do well… When he gets the best players back, you watch United go.” While Van Gaal appreciates the endorsement of a man held in the highest regard by United fans, he concedes such words put him under pressure to deliver. “It’s fantastic,” Van Gaal said when asked about Ferguson’s praise. “When you come here, you hope – because I know Sir Alex – that he shall support you. “And this week is not the first time he has showed a lot of confidence and belief in me, and that I need as trainer-coach. “As manager of Manchester United you need belief and support of managers such as Sir Alex but also (directors) Bobby Charlton and David Gill. “They have the belief and I’m happy with that, then you can work in an easier way. “But it is also a pressure because he believes in you and it gives you that pressure that you have to get results. It is not so easy to win Premier League matches.” last_img read more

Henderson wants trophies with Reds

first_img Press Association “I feel there’s a lot of potential, but we need to start turning that potential into winning things. I’ve got a good feeling that we can do that.” Rodgers hopes other players – youngsters Raheem Sterling (who has rejected a £100,000-a-week offer), Jordon Ibe and experienced defender Martin Skrtel are all currently negotiating new deals – will follow Henderson’s lead. “We are obviously delighted. It is great news for the club and Jordan that he will be spending best part of his career and development here at Liverpool and he is a big part of the plan going forward,” said the Reds boss. “I am delighted for him and the club and we can continue his development. “The club paid big money for him at the time because he had big potential and that potential has been developed and he will go into the next phase of that. “The likes of Jordan and Raheem are very important players and the club, behind the scenes, is working very hard to ensure we sign these type of players. “The model is to develop young players and when they have improved it is important you nail them to the club and make sure they are here for the best part of their careers.” But it is the unfulfilled potential which persuaded the 24-year-old England international to commit what should be the best years of his career to the club. “A few years ago I had an opportunity to leave but I always knew how big this club is and I wanted to stay here for as long as possible – and nothing has changed since then,” he told liverpoolfc.com. “I feel as though I have got a good connection with the club now and there was no doubt where my future was going to be and it was just a matter of time for my agent and the club to sort it out. “I have been through difficult times but I would never change that because I know there will be more difficult times ahead and I’ll have to use that and I’ll be able to handle it a lot better. “Hopefully we’ve got many years ahead of winning trophies. “I’m the same as every other player, I want to be playing at the highest level – in the Champions League, winning trophies and being very successful. “I had good conversations with the manager about the future of the football club and it was very bright, I was very pleased with what I was hearing. “I want to be a big part of that and hopefully I can. Almost three years after nearly leaving Liverpool Jordan Henderson has committed his long-term future to the club convinced he can win silverware at Anfield. Late in the summer of 2012, just a couple of months into the reign of Brendan Rodgers, he was lined up as makeweight in a failed bid to sign Fulham’s Clint Dempsey only for the midfielder to reject the move. His determination to prove himself, and justify the £16million price tag which came with him from Sunderland the previous summer, has been rewarded not only with a new five-year £100,000-a-week contract but with the prospect of him taking over the captain’s armband from Steven Gerrard when he leaves for the Los Angeles Galaxy at the end of the season. last_img read more

Sky Bet launches new ‘Group Betting’ functionality

first_img EFL urges government to rethink gambling sponsorship ban July 3, 2020 Share StumbleUpon PokerStars moves to refresh global appeal with ‘I’M IN’ August 18, 2020 Related Articles Submit Share Footstock signs Chris Kamara as new brand ambassador August 18, 2020 Online bookmaker Sky Bet has announced the launch of its new feature ‘Group Betting’, allowing its customer to form ‘community accumulators’.‘The concept is for a group of friends to create a Group in which they build a Group Bet (Accumulator) by each member of the group making one selection each’ details Sky Bet in its product release.When the group confirms its bet selections, individual customers will then be able to place the group bet slip into their personal Sky Bet accounts and place their personal wager.Furthermore, customers will be able to modify market selections, once the betslip has been transferred to their personal accounts.Launching the new function, Sky Bet states that its ‘Group Betting’ feature is not a ‘syndicated bet’, as group accumulator winnings are not split between participating players.Group Betting will be made available to all Sky Bet customers, with the bookmaker creating a new menu section on its sports betting desktop and mobile clients.At present, Sky Bet will allow its users ‘to be in a maximum of 5 betting groups either created or joined’.Andy Evans, Principal Product Manager, Sky Bet said “The idea of Group Bets came through the internal CoLab project that we ran earlier this year. We then tested it with customers and found that a large number were already doing this with their friends either physically when together or digitally through messenger apps etc. We identified a number of pain points though in what they’re currently doing and established that we could address a large number of those with Group Bets.“Essentially we’ve taken a behaviour that already exists and created an experience that satisfies users’ needs and simplifies that activity for them. We’re still in a Beta phase, but the aim is see how customers respond to what we’ve done so far and see what it is that interests them most.”A full breakdown and T&C’s of Sky Bet’s new Group Betting function can be found at – https://support.skybet.com/s/article/Sky-Bet-Group-Bettinglast_img read more