Preparing for the next system failure

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » In the movie “The Day After Tomorrow”  the climate gets so severe  that millions of people have  to flee to Mexico in search of warm weather.  I was thinking of this plot line as I drove down to North Carolina for my Niece’s wedding this weekend after spending some time in DC.  You have  to get to Southern Virginia before you see any real signs of Spring.It felt unnatural to be intentionally heading North on Sunday afternoon.    That being said, my wife was getting tired of my mutterings about insurance funds and megabanks so it is time to get blogging again.Last Monday I noticed that the retired Captain Ahab to the credit union’s industry’s Moby Dick was  up to his old  tricks.  With some excellent research Keith Leggett  reported that the NCUA sent a Whit Paper to Congress a couple of years ago seeking legislative authority to create a more complicated and ultimately larger share insurance fund for the credit union system.(http://creditunionwatch.blogspot.com/2015/04/ncua-white-paper-on-reforming-ncusif.html )  CUNA  has provided a link to the document. Maybe it’s because I was viewing all this from a distance, but a   system that ties insurance fund assessments to both the size and complexity of a credit union’s operations makes sense to me…in theory.First let’s be honest and admit that the existing share insurance fund didn’t adequately shelter credit unions from the financial Tsunami. If we didn’t get a loan from the treasury Department to payback the debt of the failed corporates the industry would be an empty shell of itself.last_img read more

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Mark J. Loughran named Chief Assistant District Attorney

first_imgKorchak’s office says Loughran and the rest of the leadership team will assist him “aggressively and effectively.” Mark J. Loughran will be Korchak’s Chief Assistant District Attorney and Drug Crimes Bureau Chief. Loughran has been an attorney for 32 years. He is a former assistant professor of criminal justice at SUNY Broome. The following is the full list of Korchak’s leadership team: Korchak’s also announced that Debra Gelson will serve as the Senior Assistant District Attorney. Gelson ran against Korchak for Broome County District Attorney in November 2019.center_img Special Victims Bureau Chief Stephanie M. Milks Violent Crimes Bureau Chief Geoffrey B. Rossi Property, Finance and Fraud Bureau Chief Timothy E. Thayne DWI and Vehicular Crimes Bureau Chief Rita M. Basile Appeals and Legal Affairs Bureau Chief Stephen D. Ferri Chief Investigator Jack D. Collins BROOME COUNTY (WBNG) — Broome County District Attorney Michael A. Korchak announced his chief assistant district attorney and his leadership team in a statement sent to 12 News on Monday.last_img read more

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Golden platform supplier to stay with Total in Nigeria until 2018

first_imgTotal E&P Nigeria has awarded Golden Energy Offshore, a Norway-based shipowner and operator of offshore service vessels, a three-month extension for its Energy Scout platform supply vessel (PSV).To remind, the company announced at the end of June that it had entered into a contract with Total E&P Nigeria for the PSV Energy Scout for a firm period of three months and optional periods of 3 months each. The company did not specify how many optional periods are included in the contract.According to Golden Energy’s statement on Friday, the deal for the Energy Scout was now extended in direct continuation of the present firm contract and the vessel will stay with Total until January 1, 2018.Before the July deal for the PSV, the Energy Scout was hired on a six-month deal with optional extension periods of six months each in August of last year.The vessel has worked for Total in Africa for quite some time, with the last four charters coming from Total E&P Nigeria, Total E&P Angola, and Total E&P Congo for general supply duties.The first contract with Total for the vessel was back in 2011 while the contract with Total in Angola was a long-term charter which lasted over three years.The vessel is a UT 755-L design and is a mechanically driven supply ship built by Brevik Construction and delivered in 2005. The vessel is designed for field supply & ROV duties, equipped with four thrusters and DP 2 class dynamic positioning system and is meant for all kind of offshore services.The vessel was built with an integrated system of two passive stabilizing tanks below the main deck to minimize roll. This allows it to remain along the platforms in heavier weather.Offshore Energy Today Stafflast_img read more

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