Please enter your comment! TAGSApopka Police DepartmentCookies and Milk with a CopMcDonald’sNorth Orange County Library Previous articleApopka Police Department Arrest ReportNext articleSecond day of controlled burns at Lake Apopka North Shore Denise Connell RELATED ARTICLESMORE FROM AUTHOR The Anatomy of Fear This Saturday, January 20th at 10:30 a.m. take your children/grandchildren to the North Orange Library in Apopka to meet Apopka police officers for cookies and milk and stories read by an APD officer. This is a time for children to interact with local police officers in a fun and informative way. Sponsored by North Orange Library, Apopka Police Department, and Apopka McDonald’s on Main Street.The North Orange County Branch Library is at 1211 East Semoran Boulevard in Apopka.The Cookies and Milk with a Cop is an initiative started by Officer Andrew Raphael of the Winter Garden Police Department last year. The goal is to bring kids and Cops together in a fun and non-traditional environment that builds trust and makes friends.Cookies and Milk with a Cop is a joint venture between the Apopka Police Department, the Apopka Main Street McDonald’s restaurant and the North Orange Branch Library in Apopka.The APD provides a police officer for reading to the children.McDonald’s provides the cookies and milk.The Apopka Library provides a comfortable setting for the event.The events are held at 10:30 AM on the 3rd Saturday of each month. Share on Facebook Tweet on Twitter LEAVE A REPLY Cancel reply You have entered an incorrect email address! Please enter your email address here Support conservation and fish with NEW Florida specialty license plate Please enter your name here Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Save my name, email, and website in this browser for the next time I comment.
Trayvon MartinThe struggle for justice for Trayvon Martin, the murdered African-American youth, recently made headlines again. The 17-year-old Martin was unarmed when he was stalked and fatally shot by George Zimmerman, a self-proclaimed neighborhood watch person, in a gated community in Sanford, Fla., on Feb. 26.Zimmerman used the “Stand Your Ground” law to justify the killing by saying that Martin attacked him first, and therefore he had the right to self-defense. The Sanford police accepted Zimmerman’s version of the events when he was brought in for questioning and decided not to arrest him.This injustice sparked major outrage, initiated by social media throughout the U.S. and other parts of the world. Led by Black youth — like in Miami where Martin attended high school — national protests, large and small, grew on a daily basis and forced the Seminole County District Attorney’s office to arrest and jail Zimmerman on second-degree murder charges on April 20. Less than a week later, Zimmerman was released on $15,000 bond.In early July, the same judge who set the original $150,000 bail revoked the bond, claiming that Zimmerman and his spouse had lied about their income, failing to reveal large donations made by right-wingers through Zimmerman’s website. Bail was then set at $1 million. Zimmerman was freed on $100,000 bond on July 6 after spending one night in jail. No trial date has yet been set.On July 13, the Federal Bureau of Investigation released photos of the hoodie worn by Martin the night he was shot, which depicted the gunshot wound. In its report, the FBI claims Zimmerman was not motivated by racism to kill Martin, but by fear of the hoodie he was wearing. The report was based on interviews with those who knew Zimmerman.‘Your hoodie made me do it!’Investigator Chris Serinone told the FBI that he “believed that Zimmerman’s actions were not based on Martin’s skin color, rather based on his attire, the total circumstances of the encounter and the previous burglary suspects in the community.” (cnn.com, July 13)The FBI is part of a larger federal investigation that the U.S. Department of Justice is carrying out at the request of Martin’s parents, Sybrina Fulton and Tracy Martin. His parents and their lawyer, Benjamin Crump, adamantly maintain that Zimmerman racially profiled Martin.While hoodies are a popular form of dress for youth of various nationalities and social strata, there is a negative stigma connected to Black and Latino/a people who wear them. In the minds of many in U.S. society, which is riddled with white supremacist attitudes, hoodies worn by youth of color are synonymous with gang membership.In essence, the FBI report is an attempt to evoke public sympathy for Zimmerman, by saying he was justified in shooting Martin because he felt threatened by the youth’s clothing. The report helps to lay the basis for Zimmerman’s acquittal even before the trial begins.The tragic shooting of Trayvon Martin is not an isolated incident. It is part and parcel of the broader issue of racial profiling of youth of color, who are branded as being a threat to society. In reality, these youth are horribly disenfranchised, especially if they lack jobs and education.This raises the question of who is the victim and who is the aggressor. Nine times out of 10, youth of color are seen as the aggressors, and therefore, it is more or less accepted to “get them before they get you” — whether by police brutality, incarceration or vigilantism as in Zimmerman’s case.The courts, the police and the laws under capitalism cannot be relied upon to bring justice for youth like Trayvon Martin, which would mean a guilty conviction for Zimmerman. The progressive movement must not only continue to support the Black community’s demand for justice for Martin, but take it a step further by joining in building and sustaining a movement to demand jobs, not jails and police terror for all working-class youth.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
To the conference title, “Putting Revolutionary Socialism on the Table,” I add, “at the time of capitalism at a dead end.” We need a serious and deep discussion on how to defeat capitalism. Not with reforms, not with patches; we need structural change.Editor of Mundo Obrero Berta Joubert-CeciWe need socialism!Fidel once said that as long as imperialism is standing, racism will not end. Imperialism nurtures racism, profits from it and from all the differences that it can use to divide the working class so the workers don’t unite and fight against the capitalists.For several years I have been reporting on the turn to the left in Latin America. But I want to raise the difficulties confronted by the progressive movements and governments there, because many of those difficulties arise from U.S. imperialism. The great achievements won in the region are too much for imperialism to bear!The U.S. has intensified its intervention in the region, aligned with the reactionary right wing of many of those countries. Capitalism in its final dead-end phase is trying to turn back the forward march.The capitalist crisis is global, but so also is the struggle. There are two camps worldwide: The capitalists together with those who serve them, and the masses fighting it.But I want to focus on Puerto Rico, a country that for a long time was not even considered Latin American, and has been in the news because of its immense $73 billion debt.Puerto Rico is the perfect example of the virulence of capitalism in its final dead-end stage.Puerto Rico: U.S. colonyPuerto Rico is a colony of the U.S. It has no sovereignty. Foreign capital owns everything, decides everything. The island’s government is just a figurehead; Wall Street and the Pentagon, through the U.S. Congress, are the real rulers.Puerto Rico has been a laboratory for U.S. practices since the U.S. invaded it in 1898. Erasing our history and our heroes; trying to suppress our language and our flag; using us for pharmaceutical experiments; sterilizing our women; using our land to test toxic weapons and to practice for military interventions in other countries; targeting, killing and imprisoning the independence movement; etc. — a long et cetera.One of the most criminal practices has been economic destruction. It has left Puerto Rico in a deep depression. All the measures to deal with the current crisis are to benefit the bondholders in Wall Street, many of them “fondos buitres” — vulture funds.The Puerto Rican government squeezes the workers and the poor to pay bondholders. While the people are getting increasingly poorer, laws have been implemented to give a free ride to billionaires from the U.S. — by exempting taxes from their profits made in Puerto Rico!The Puerto Rican people receive increased taxes and higher costs of utilities, gasoline and medicines. Medicare, which is deducted from wages at the same rate as here, provides only almost half of the benefit. And while Medicare benefits will be raised in the U.S., in Puerto Rico they will be lowered even more — by 11 percent.Puerto Rico’s government is paying millions to U.S. firms to “solve” the crisis. Economists from the International Monetary Fund have produced a report that the government is now trying to impose. It includes privatization of education, electricity, water and sewage, and roads; cuts in wages; an increase in university tuition; etc.But the people in Puerto Rico are fighting back. They are holding people’s assemblies about the consequences of the government’s reforms. There is a call for a general strike that we should support in any way possible here.Viva Puerto Rico Libre! U.S./Wall Street out of Puerto Rico! Free Oscar López Rivera now!FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
STAFF REPORT First Heatwave Expected Next Week Top of the News Make a comment Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena More than 50 new deaths from COVID-19 were reported in Los Angeles County Friday, and with 43% of the county’s fatalities occurring in skilled nursing homes, new restrictions were imposed on all such long-term care facilities to bar visitors and ban communal activities inside.Another 52 deaths from the coronavirus were reported Friday by Barbara Ferrer, director of the county’s Department of Public Health, although that figure includes one fatality that was reported Thursday afternoon by the city of Pasadena, which has its own health agency.The new deaths brought the county’s total to 848. Ferrer said one death that had been previously reported in the county turned out to be a resident of another jurisdiction.Ferrer noted that 91% of the people who have died from the illness in the county had underlying health conditions.She also reported another 1,035 confirmed cases of COVID-19, bringing the overall total to 18,517.A total of 293 institutional settings — including nursing homes, skilled nursing facilities, assisted living facilities, shelters, jails and prisons — have had at least one case. Those institutions have accounted for a total of 5,339 cases, and 365 deaths, representing 43% of all coronavirus fatalities in the county. The vast majority of those deaths were residents of skilled nursing facilities, where testing is being ramped up beginning Monday to include all residents and staff regardless of whether they are showing any symptoms.The continuing increases in cases and deaths in nursing homes prompted the county’s health officer Friday to issue a revised order applicable to all licensed “congregate health care,” or long-term care, facilities, Ferrer said.The order bars non-essential visitors to such facilities, allowing only essential workers to enter.“It suspends all communal dining and activities … to make sure that there’s ample distancing among the residents who reside there,” Ferrer said. “Staff will be required to always wear surgical masks and to use personal protective equipment when it’s appropriate. And residents will also need to wear surgical masks or cloth face coverings when they’re outside of their personal room.”She said the increased testing that will begin Monday is also part of the new health order, but those plans were announced previously due to the continued increase of cases and the knowledge that people who are unknowingly infected can spread the disease even if they have no symptoms.The increased testing of all nursing home residents and workers, regardless of symptoms, is being done in conjunction with the city of Los Angeles. Ferrer said facilities with the most severe outbreaks will be given top priority, but all of the homes will get the increased tests.Nursing homes have been a concern since the outbreak began, given the close confines of the patients and staff. This week, members of the California National Guard were deployed to four nursing homes in the county to assist with operations, mainly due to a lack of adequate staffing as a result of the virus’ spread.“We didn’t request the National Guard, but we requested help,” Ferrer said. “And the National Guard was great. We did ask the state to help us with staffing. The easiest thing for them to do was deploy the National Guard and we’re extraordinarily grateful that they did. And they continue to provide us with support.”As of Friday, more than 108,000 people have been tested for the coronavirus in the county, with 15% testing positive, Ferrer said.Ferrer announced Thursday that an average of 44 people had died of the coronavirus over the previous 12 days, making COVID-19 the leading cause of death in the county, topping the flu, lung disease and heart disease.Of the 848 people who have died of coronavirus in the county, ethnic data was available for 771 people. Of them, 37% were Latinx, 28% white, 18% Asian, 15% black, 1% Native Hawaiian/Pacific Islander and 1% other.Included in the county’s more than 18,500 cases are 100 homeless people, the majority of them due to an outbreak that remains under investigation at the Union Rescue Mission on Skid Row in downtown Los Angeles. Ferrer said the county is still awaiting some test results from the facility, but officials said earlier this week that at least 56 people had tested positive, and one staff member has died. Community News 3 recommended0 commentsShareShareTweetSharePin it Community News Get our daily Pasadena newspaper in your email box. 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TAGS WhatsApp By Digital AIM Web Support – February 24, 2021 MCH board to discuss office building name change Facebook WhatsApp Medical Center Health System’s Center for Health and Wellness Medical Office Building may be getting a name change to honor two local war heroes if Ector County Hospital District board members approve. The board will meet at 5:30 p.m. Tuesday in the second-floor board room at Medical Center Hospital, 500 W. Fourth St. MCHS President and CEO Rick Napper is requesting the board consider changing the name of the building to the Wilson and Young Medal of Honor Building. The original request was to just name the VA Clinic at the Center for Health and Wellness after two local Medal of Honor recipients, Alfred M. Wilson, USMC, and Marvin R. Young, U.S. Army, agenda material stated. The Purple Heart Society and Medal of Honor Society asked MCHS for their permission and support and also asked the hospital to allow them to approach Congressman Mike Conaway, R-Midland. The groups wanted Conaway to request the Veterans Administration give permission to name the VA clinic after the local heroes, which would result in a need for MCHS to allow altering the exterior of the building. After meeting with Conaway, they discovered that due to the nature of the request and current state of Congress that it could take a considerable amount of time to get the required congressional approval for the naming opportunity, the material stated. The groups then asked MCHS if it would consider naming the entire Medical Office Building, at which point Napper said he would raise the issue at a board meeting to discuss the possibility. The three options the board now has includes waiting to see if Congress can move quickly to approve the naming of the VA Clinic, not move forward at all, or approve the naming of the CHW building in honor of Wilson and Young, agenda material stated. The groups wanting to recognize the individuals would have to raise the money for the projects, the material detailed. “I believe that with the Chris Kyle Memorial in an adjacent location that this would add additional honor to those that serve our country,” Napper wrote in the agenda material. The hospital board finance committee will also meet Tuesday prior to the regular board meeting at 4:30 p.m. The committee will consider approving several capital expenditure requests including an automated urinalysis analyzer, a cardiovascular imaging gamma camera and a Nihon Kohden telemetry upgrade and expansion.IN OTHER BUSINESS, THE BOARD WILL CONSIDERAn Inpatient Rehabilitation Unit Presentation.The TTUHSC at the Permian Basin report.The Chief Executive Officer Report for Quarter 1, Fiscal Year 2019.A quarterly legal report/conflict of interest.Approval of B.E. Smith Interim Services Agreement.Approval of MCH ProCare Provider Agreements. Pinterest Previous articleOAT020819 Dancing Romancing 1.jpgNext articleGermán apologizes after serving domestic violence suspension Digital AIM Web Support Facebook Twitter Local News Pinterest Twitter
Benefit from on-line rewardsOn 23 Jan 2001 in Personnel Today Market confusionYet the on-line benefit sites market can be a confusing onefor both the HR manager and the employee. For a start, there are two maingroups of sites: those which help the HR manager manage an employee’s benefitspackage from the desktop, and those which enable them to go on-line and chooseor purchase an appropriate reward and automate the necessary administration togo with it. In truth, there’s little mystery or magic surrounding any of themand, like any set of new tools, they are there to help you do your job betterwhen chosen and implemented correctly. “This type of initiative has to be donewithin the context of the company’s overall HR and IT strategy,” says Throp.Ask the average employee the value of their pension andyou’d probably be met with resounding silence. The Internet can put an end tosuch ignorance, allowing HR professionals and employees to go on-line at anytime and find out the precise value of their benefits package at the click of amouse. It will also let them interact to see, for example, the effect ofincreasing pension contributions, or maybe trade one benefit for another. It isstill early days but there are already sites and systems out there doing this. “Before, it could have taken weeks to put a value on each benefit,”says Robert Paterson, founder and managing director of Eurobenefits.com. “Butwe have a single database that allocates the correct amount to each individualand gives them a statement at the press of a button.”Eurobenefits, which claims to offer the first digitalflexible benefits system, reckons that a company could spend up to £500 a yearon the administration of each employee’s benefits package. But via some cleverbehind-the-scenes legwork (such as taking payroll details and writing a two-waylink to it and data dumps from service providers such as insurance and pensioncompanies), it claims to be able to cut this to £100 per employee. Other features on the site include the facility to letindividuals trade benefits. “We found that if you are 18 you are more likely tobe into a car and gym membership than a pension,” explains Paterson. And if anemployee has more than one pension, the system can calculate their collectiveworth on one statement. “An employee might have four different pensions butunless they can see what they are worth on a consolidated statement, they’remeaningless,” he adds.While staff access the Eurobenefits service via theInternet, setting up involves close working with the company to tailor the siteto your company’s needs. However it may be that an integrated system like thisis more than you require. If, for example, pensions are the only benefitoffered by your company, a specialist pensions administration site, such asthePensionzone (www.thepensionzone.co.uk) may be more appropriate. Similarly,if stock options feature heavily in your benefit set and generate a lot ofinterest among employees, a dedicated shares assessment system such as MyShares(www.myshares.co.uk) is worth looking at. Empowered by systemsAs well as the practical benefits that Internet-basedservices offer to HR, being available online can add value for the employee onthe receiving end. The corporate concierge service offered by Enviego,traditionally operated by telephone, is designed for the “time-starved”employee to help them redress their work-life balance. It will act as middlemanin finding an individual everything from theatre tickets to a plumber. “You can providebetter canteen facilities and put crêches in but you can’t give people backtheir time,” explains marketing manager Kathleen Gillin, who adds thatconcierge services are big business in the US with Microsoft and Ernst Youngproviding one for their workforces. “We’re not a dotcom company but obviouslyenabling people to place orders for this kind of service 24 hours a day, sevendays a week is a huge benefit,” she adds.While we are likely to see a growing migration oftraditional reward companies to the Internet, HR managers are likely to be evenmore empowered by systems built to optimise the Internet’s strengths. Warp, theWeb Award Redemption Programme, has been created by marketing services companyMaritz and combines e-commerce and new media to offer a global incentivescheme. Individuals canaccess their company’s section of the Warp site and choose from a range ofawards, tailored to the lifestyle of the participants. The price on eachproduct builds in local taxes, duty and delivery charges so the person buyingcan see exactly how much each award is worth. Globalisation means awardprogrammes that cross international borders and address employees in their ownlanguage are likely to become a permanent fixture on the rewards landscape overthe next decade.Clearly, the more wired a company is, the easier it is forthem to take advantage of online benefit services. And while computer accessmay not be necessary for every employee in every company, the war for talentmeans that some kind of online mechanism that allows everyone to regularlyassess the value of their benefits should be on the agenda. After all, youwouldn’t want to lose your best on-the-road sales person because he simplywasn’t aware that the combined value of his four pensions meant he could retireat 45, would you? But lifetime membership to an on-line concierge system andunlimited points to spend on a Web reward site should not be seen as a shortcutto keeping star performers, as Nick Throp neatly sums up: “They should not beisolated initiatives but linked into core messages about the organisation’svalues and its culture.” Related posts:No related photos. Previous Article Next Article Who do you know who has moved to a new job for a betterpension scheme and gym membership? They are component parts of an increasinglyimportant package of benefits that can make the difference between retainingand losing a valuable employee. As the war for talent rages, HR managers knowit is no longer a case of merely offering staples such as a car, healthinsurance and a pension and, similarly, it is no longer a case of detailing themin the staff handbook and then forgetting about them. HR managers have to beboth creative and flexible in the type of benefits they offer and then vigilantin communicating what they are and their value to employees – which is wherethe Internet comes in.The past 12 months has seen introduction of a wave of websites that make it easier to reward staff and, equally important, easier toadminister the reward or benefit. As well as reducing administration and savingtime for the HR professional, they empower the employee enabling them torecognise the value of their personal benefits. “The war for talent and the expectations of e-aware peoplethat this kind of thing should be available on-line has brought about the risein such sites,” says Nick Throp, e-communications team leader at managementconsultant William M Mercer. “There are some cultural reasons, too, reflectingthe change between the employer being the provider of everything to being thefacilitator – the Web is an ideal medium for this.” Employee interest“We have built one module of which there could be many,”says Tim Sargisson, marketing director of Swipe, the company behindthePensionzone. “We could, for instance, also develop a state pension benefitsmodule.” Sargisson sees their own site sitting quite happily in a suite ofbenefit sites along with the likes of Myshares.The fact that companies have to be more creative in the kindof rewards and incentives offered to employees has spawned a range of serviceproviders, many of whom are recognising the benefits of being on-line. “We reckon that traditionally it takes three piece of paperto reward someone: one to generate the reward, one to do the tax and one to dothe management administration, with each piece of paper, say, costing £1,” saysStephen Humphreys, managing director of Projectlink, parent of The IncentiveShop, whose rewards span chocolates and magazine subscriptions to day passes ata health farm and whose customers include BT. “We have been paper-and telephone-based for five years and we are trying to persuade people off thetelephone.”When an HR manager buys a reward from the Incentiveshopsite, a tax and National Insurance report is generated so a large part of theadministration is taken care of. While Humphrey does not feel that goingon-line will revolutionise the way people look at reward schemes, he doesbelieve that it streamlines and automates the process to the point that itbecomes another classic HR function that could be easily outsourced to relievethe HR manager of routine work. Comments are closed. For further contact details of suppliers visit www.personneltoday.com/directory Employers need better and faster ways to attract, motivateand retain staff. Sue Weekes looks at the difference going on-line can makeand, with the help of benefits expert Nick Throp from William M Mercer, reviewssome of the best sites
Brian d’Arcy James’ Film HonorMore good news for the much-buzzed about new movie Spotlight, which features Something Rotten! headliner Brian d’Arcy James. The three-time Tony nominee has been honored with a special Gotham Jury Award alongside co-stars Michael Keaton, Rachel McAdams, Tony nominees Mark Ruffalo and Stanley Tucci, as well as Tony winners Billy Crudup and Liev Schreiber, for their ensemble work in the drama. Spotlight also received Gotham Award nominations for Best Feature and Best Screenplay. Following The Boston Globe’s Pulitzer Prize-winning coverage of the Massachusetts Catholic sex abuse scandal, check out Spotlight’s first trailer here.Spend Halloween With Daphne Rubin-VegaYou wanna play…on Halloween? There will be a free (via online lottery) late night performance by two-time Tony nominee Daphne Rubin-Vega in Empanada Loca on October 31. Penned and directed by Aaron Mark, the solo thriller is inspired by true events and the legend of Sweeney Todd. Labyrinth Theater Company’s world premiere is running off-Broadway at Bank Street Theater through November 8.Blur Frontman Damon Albarn’s New CareerBlur frontman and Gorillaz mastermind Damon Albarn has recently turned his hand to writing tuners and he’s been opening up about his latest, wonder.land, which will bow at the U.K.’s National Theatre later this month. “I really love writing musicals,” Albarn told The New York Times. “This is my third one; if it doesn’t work, I don’t know whether they’ll give me another chance.” Inspired by Lewis Carroll’s Alice in Wonderland, with a book and lyrics by Dying for It playwright Moira Buffini and helmed by the National’s Artistic Director Rufus Norris himself, we’re sure it’ll be magical!A Christmas Carol Returns to New YorkBah humbug! For the third year in a row, John Kevin Jones will portray Charles Dickens, re-enacting the author’s December 1867 trip to New York City, where he performed a month of sold-out shows of his beloved holiday classic, A Christmas Carol. The 60-minute presentation will run December 10 through December 24 in the Greek Revival parlor of the landmark 1832 Merchant’s House Museum, complete with 19th century holiday decorations, flickering candles and period furnishings. Christmas wouldn’t be Christmas without Scrooge! View Comments Star Files Kristin Chenoweth Here’s a quick roundup of stories you may have missed today. Peek of Cheno’s Oklahoma!Movie theaters across the nation will be screening Rodgers & Hammerstein’s Oklahoma! beginning November 1 in celebration of the classic musical’s 60th anniversary. The event is set to include a special bonus featurette starring Kristin Chenoweth—check out a first look at her rendition of “People Will Say We’re In Love” below. (Although we always want to throw bouquets at the Tony winner…could this be a problem?!)
43SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John Pettit John Pettit is the Managing Editor for CUInsight.com. John manages the content on the site, including current news, editorial, press releases, jobs and events. He keeps the credit union … Web: www.cuinsight.com Details Whether it’s keeping tabs on your holiday spending or thinking about your 2017 tax return, you may be super focused on your finances at this time of year. Here are three year-end tax moves you should make now to prepare for 2018.Be charitable: When purchasing Christmas gifts this year, don’t forget your favorite non-profits and charities. A sizable donation will be a nice deduction to your tax bill. Plus, you’ll be able to help out your favorite charity at Christmas time, and that’ll make you feel good.Max out your retirement: Maxing out your IRA or 401k is a great idea for two reasons. First, you’re boosting your nest egg, which will make you very happy when it comes time to retire. The second reason is that you’re lowering your amount of taxable income, and that will save you money on taxes this year.Know your FSA rules: Under the current rules for flexible spending accounts, you won’t necessarily lose your FSA balance at the end of the year. But, it’s important you know the rules for your company’s FSA plan. You may have one of two options with your FSA: A “roll over” of up to $500 into the next year’s account or a 2.5 month grace period. Find out if your company provides one of these two deadline extensions before it’s too late.
“We have negotiated with the potential gas buyer, and we expect first gas in 2023,” said Medco chief operating officer Ronald Gunawan at a press conference on Tuesday.Read also: Medco drills new gas well offshore in South Natuna SeaSKK Migas noted in a statement that Medco’s contract for the block would expire in 2027. The publicly-listed company took over the block from Ophir Energy after acquiring the latter in 2019.The operation of Paus Biru – meaning “blue whale” in Indonesian – will raise Indonesia’s gas output, which stood at 6,830 mmscfd in June, as the country aims to become a major gas producer in the Asia Pacific region by 2030. On Thursday, the publicly listed company reported that it had booked $20 million in losses in the first quarter, a reversal from $28.05 million of net profit recorded in the same period last year. The loss occurred as profits from the oil and gas and power segments were offset by losses at mining firm PT Amman Mineral Nusa Tenggara (AMNT) as development on phase 7 progresses, the company wrote in a statement.Its capital expenditure (capex) stood at $67 million in this year’s first three months, down from $130 million spent in the last quarter of 2019 following the early completion of the development phase 4B of Bualuang in Thailand in December and deferrals and reductions in the 2020 capital program. Of the first quarter’s capex, $51 million was for the oil and gas segment, while $16 million was for the power segment.”While commodity prices and capital markets have begun to recover, Medco has responded quickly with protocols to ensure the well-being of our staff and over $200 million of expenditure deferrals and reductions to preserve cash and support our balance sheet,” Medco CEO Robert Lorato said in the statement. “Despite reducing our capital program, I am pleased to see successful exploration discoveries in both Natuna and Ijen.”Medco reported a successful exploration drilling program in South Natuna Sea Block B PSC following commercial discoveries in both the Bronang-2 and Kaci-2 wells. The wells tested with high-quality dry gas and have opened up a new play with several future opportunities, it said, while two further exploration wells will be drilled in Block B this year.The recent geothermal exploration in Blawan Ijen, East Java, also led to the discovery of a steam reservoir at the Ijen 6-1 well.Read also: Indonesia aims to double gas production by 2030 with major projects in pipelineMedco reported oil and gas production of 101 million barrels of oil equivalent per day (mboepd) in the first quarter, up 10 percent from the corresponding period last year, but down 5 percent from the fourth quarter of 2019 due to the extended shutdown at Block A Aceh in the first three months of 2020.It expects to produce 100-105 mboepd oil and gas throughout this year and book power sales of 2,600 GWh with total capex of $240 million.”The world and our industry continue to adapt to these extraordinarily challenging times caused by the coronavirus pandemic and low oil price environment,” said president director Hilmi Panigoro. “Medco will continue to focus on safeguarding the well-being of our people and minimizing the impact on our business as we continue to deliver on our commitment to stakeholders.”Stocks of Medco, traded at Indonesia Stock Exchange (IDX) with the code MEDC, rose 1.79 percent on Thursday morning trading as the main gauge, the Jakarta Composite Index (JCI), slipped 0.1 percent.Topics : Oil and gas producer PT Medco Energi Internasional has secured government approval for the development of the gassy Paus Biru Field in the Madura Strait off the coast of East Java as it reports a loss in the first quarter.Medco’s $80 million development plan for the field, located within the Sampang Block, was approved by the Upstream Oil and Gas Special Regulatory Taskforce (SKK Migas) on July 30.The plan includes drilling a new gas well, erecting a new drilling rig and installing underwater pipes to channel 31 million standard cubic feet per day (mmscfd) of gas, which is slated for the Grati gas-fired power plant (PLTGU) of state-owned company PT Indonesia Power.
Universities Superannuation Scheme, National LGPS Framework, Norfolk County Council, De Nederlandsche Bank, ASR Financial Markets, CFA Society Netherlands, Hunter Douglas, Martin Currie, Sarasin and Partners, Aegon, Prudential, LGIM Real AssetsUniversities Superannuation Scheme – USS has grown its private markets team, hiring six new staff, including one from BP UK’s in-house manager. Anna Barath, Diogo Belo, Fabienne Trevere, Hesham Hussein and Tom Kelly have joined USS Investment Management as analysts, while Emma Singh has been hired as an associate to help manage the direct portfolio. National LGPS Framework – Norfolk County Council has appointed Nigel Keogh as development and operations manager for the local government pensions scheme (LGPS) national framework initiative, a collaborative effort by more than 20 of the funds for joint procurement. The new position will be fully funded from the savings of the initiative. Keogh is currently pensions technical manager at the Chartered Institute of Public Finance and Accountancy, which he joined in 2006. He will take up his new role at the beginning of 2016.De Nederlandsche Bank (DNB) – Nicole Stolk has been appointed secretary-director at the Dutch regulator, becoming responsible for internal business. She will start in her new role on 1 February. Stolk is currently deputy secretary-general at the Ministry of Security and Justice. She is to succeed Femke de Vries, who left DNB to join the board of communications at the Netherlands’s other supervisor, the Financial Markets Authority (AFM). ASR Financial Markets – Hedwig Peters has been appointed head of fiduciary management. In recent years, Peters has been active in board and supervisory roles at a number of Dutch pension funds, including the schemes for public transport (SPOV) and the recreational sector (Recreatie), and for the company Sabic. Between 2006 and 2010, she served as CIO at Allianz Netherlands. Peters is currently a board member of the Pensioenfonds HaskoningDHV.CFA Society Netherlands – Jacco Heemskerk has been voted chairman of the forum for investments, economics and finance. Heemskerk succeeds Hilko de Brouwer, who has been at the helm of the CFA for the last seven years. Heemskerk is managing director of the Dutch pension fund of Royal Bank of Scotland.HunterDouglas – Rik Albrecht, a fiduciary investment consultant, has been appointed chairman of the investment committee of the pension fund of Hunter Douglas. Albrecht is already a member of the supervisory board (RvT) of Syntrus Achmea Real Estate & Finance, as well as chairman of the investment committee for Owase, the pension fund of the employers association of same name.MartinCurrie – Mark Whitehead has been appointed to the newly created position of head of equity income. He joins from Sarasin and Partners, where he was head of equity income team and lead portfolio manager for the global equity income range.Aegon – Allegra van Hövell-Patrizi has been named chief risk officer at Aegon, responsible for risk management, actuarial matters and internal re-insurance. She joins from Prudential, where she held a similar position.LGIM Real Assets – Declan O’Brien has been appointed as an infrastructure strategist, while Enrico Faccioli has been hired as a research analyst, and James Davies as a property fund analyst. O’Brien joins from Moody’s Investors Service, while Faccioli is a recent graduate of Warwick Business School. Davies joins from Cushman & Wakefield.