Winning the rate game

first_img 13SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The market for commercial real estate (CRE) loans is really gaining speed, and credit unions should take note of this in order to execute a successful business and commercial lending strategy. The new year marks the beginning of increasing competition among the industry’s CRE lenders as they seek to meet the continuing demand for commercial loans, while remaining competitive in the rate game.Look at the situation from the standpoint of the pass-through rate, which is the net interest rate passed through to investors after deducting servicing, management and guarantee fees from the gross mortgage coupon. In 2014, and for most of last year, the pass-through rates for CRE loan participants with standard credit ranged from 3.9 percent to 4.25 percent. These pass-through rates translated to interest rates for borrowers in the 4.40 percent to 4.75 percent range. With the recent NCUA member business lending deregulation and increase in loan volumes, CRE lenders have an opportunity to sustain growth into 2016, in spite of the rate hike.In the past few months, our research team has performed a market scan to assess the number of large-scale and community banks entering the CRE space with highly competitive rates. In many cases, these competitive rates were between .50 percent and .75 percent lower than the standard rates earlier in 2015. In some cases, credit unions lost attainable CRE opportunities to banks that negotiated much lower rates on deals. This trend can and should stop now; credit unions cannot afford to miss these opportunities to capture more market share. continue reading »last_img read more

New Law on State Property Management and Camps

first_imgThe new Law on State Property Management entered into force on June 14.6.2018, XNUMX. (published in NN no. 52 from 6.6.2018.).A significant novelty in this law is that the Ministry of State Property manages camps, but also land and forests for which it is planned to build golf courses, sports-recreational and tourist complexes.The Croatian Camping Association (KUH), as they point out, closely cooperated with HUP regarding this Act and its provisions, which had numerous activities during the procedure of passing this Act. Namely, it also regulates the management of land on which the camp is owned by the Republic of Croatia (ART. 3) and exceptional management of other real estate whose management is entrusted to another body by a special law if the spatial plan on these real estates, in a separate construction area and / or outside the boundaries of the construction area, plans to build golf courses, hotels, hotel complexes, camps and other outdoor sports and recreational courses with ancillary buildings and other similar facilities of a commercial nature (Article 5).”Although the position of the tourism sector was represented at several meetings with the competent ministries and through all channels of social dialogue and concrete amendments to the law were proposed, only some of HUP’s proven proposals were partially accepted: the definition of camps in Article 3 was changed. . and the possibility of subleasing the land in the camp (Article 44), and Article 43 has been amended in order to eliminate doubts about the possible double payment of the concession fee ” point out from KUH and add that the key remark to clearly prescribe that this law does not apply to camp land regulated by regulations in tourist land is not accepted, as well as the proposal to delete the obligation to obtain the consent of the Ministry to lease part of the property and amendments with the possibility of disposing of the camp with immediate settlement.Parts of the law relating to campsitesArticle 3(1) The term “state property” used in this Act means in particular the following property:- land on which the camp is located, and on which the ownership of the Republic of Croatia has been established, regardless of whether it is located in a construction zone, on agricultural land and in a forest or on forest land owned by the Republic of Croatia. camp, in terms of this Act, is also considered real estate that is so defined by a special regulationArticle 5(1) As an exception to Article 3 of this Act, the Ministry, in accordance with the provisions of this Act, also manages other real estate whose management is entrusted to another body by a special law if the spatial plan on these real estates, in a separate construction area and / or outside areas, plans to build golf courses, hotels, hotel complexes, camps and other outdoor sports and recreational playgrounds with ancillary buildings and other similar facilities of a commercial nature.Article 43The user of the camp, who is a camp in the sense of the provision of Article 3, paragraph 1, subparagraph 4 of this Act as such defined by a special regulation, pays the Republic of Croatia a fee in accordance with that regulation.Prohibition of sublease and subleaseArticle 44(5) Exceptionally, in the case of camps, hotels, mountain lodges or houses or other facilities for the accommodation of tourists, a part of the real estate may be subleased with the previously obtained consent of the Ministry.HR camping statisticsIn 2018, from the beginning of the year to June 19.6, a total of 653.198 arrivals and 3.275.826 overnight stays were realized in our camps, which represents an increase of 6,3% in arrivals and 9,5% in overnight stays.Results by counties (1.6.-19.6.)Annually, countiesNights by age groups, annual levellast_img read more

Trump must resign over accusations

first_imgCategories: Letters to the Editor, Opinion It’s a matter of public record that Donald Trump stands credibly accused of persistent and vile sexual harassment. Donald Trump admits and even brags about these repulsive actions in a taped conversation.As president, he represents all Americans, and he stains all Americans. Many others have been fired or stepped down from their positions with less evidence against them and with less at stake for all of us.Donald Trump must step down immediately. Those who remain silent or try to excuse him will not escape the searchlight of history. They will be sharply and shamefully defined until the end of time.I call on The Daily Gazette to forcefully endorse the actions of Sen. Kirsten Gillibrand and her colleagues in this matter.Glenn SandersSchoharieMore from The Daily Gazette:Foss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Beware of voter intimidationEDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Urgent: Today is the last day to complete the censuslast_img read more

Mikel Arteta singles out Gabriel Martinelli for praise after Arsenal draw with Sheffield United

first_imgAdvertisement John Fleck scored Sheffield United’s equaliser in their 1-1 draw at Arsenal (Picture: Getty)Arsenal’s hopes of only a second league win under their new head coach were dashed when John Fleck struck a deflected equaliser eight minutes from time.‘I’m very disappointed today,’ Arteta added. ‘I think the performance deserved three points and I think we lost two points.‘In the Premier League, if you don’t put the game to bed then in the last 10 or 15 minutes this type of team just need a long ball, a second ball, a set-piece, and you can give the points away. That’s it.’More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘There’s a history of [nerves in the stadium]. It makes it even more. In the Premier League we are 1-0 up and in the last 10 or 15 minutes you have to be careful, because anything can happen.‘I don’t know what was done before. I think they tried to do the best possible thing. I inherited a team that was in a difficult situation and we’re trying to improve it as much as possible.‘I don’t know. In the second half, Sheffield United didn’t generate any efforts on goal – it’s just one long ball, a second ball and then someone put it top bins from an incredible angle. It’s difficult to control it.’MORE: Mikel Arteta sends subtle message to Arsenal board over Layvin Kurzawa transferMORE: Thomas Tuchel reacts to Arsenal’s transfer move for PSG defender Layvin Kurzawa Mikel Arteta singles out Gabriel Martinelli for praise after Arsenal draw with Sheffield United Gabriel Martinelli scored Arsenal’s goal in a 1-1 draw against Sheffield United (Picture: Getty)Mikel Arteta singled out Gabriel Martinelli for praise after the Arsenal youngster scored his first Premier League goal at the Emirates in Saturday’s 1-1 draw against Sheffield United.In the absence of suspended skipper Pierre-Emerick Aubameyang, who was serving the first game of his three match ban, the Brazilian teenager scored his ninth goal of an increasingly impressive debut season in England.‘He’s an 18-year-old kid with all the enthusiasm but as well, he’s so brave to make decisions, to threaten the opponent every time,’ said Arteta afterwards.‘He’s all the time in the middle of the goal, waiting for an opportunity to come.AdvertisementAdvertisementADVERTISEMENT‘The fact he hasn’t played 90 minutes for a while – since his injury – but is still in the way he went about every single action is impressive.’ Metro Sport ReporterSaturday 18 Jan 2020 7:15 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link Advertisement Commentlast_img read more

Environment Agency Active Pension Fund on lookout for ‘mandate of future’

first_imgHowever, given the fund’s efforts to address climate change and carbon risk, Mansley said, companies in the coal and oil sector are unlikely to fit into the EAPF’s definition of a sustainable equity portfolio.He said: “Essentially, we are looking for people who understand the whole sustainability space and the risks. In the energy and resources sectors, we expect managers to be very selective at best when it comes to creating this portfolio.”The allocation is likely to be around £100m.The EAPF would like to see the following three questions answered by asset managers – referring to learning, the scope of sustainable investment and integration with financial analysis:Firstly, what lessons have you learned from key events of the recent past and how has your investment process evolved? Three key events stand out, but asset managers may wish to consider others:The Financial Crisis itself (many sustainable investors did not really appreciate the risks of the unsustainable growth in lending pre-crash)The Renewables Crash (growth has been there, but not profits or share-price performance)BP and the Macondo oil spill (the importance of reporting the right metrics)Secondly, what should the scope of sustainable investment be in this new world? How can we consider issues such as local economic growth, income inequality, tax avoidance, etc, as well as the established sustainability issues, such as environmental impact, climate change, labour standards and good governance? And what is the evidence that such a broader approach will deliver enhanced investment returns?Finally, on integrating sustainability with financial analysis, can you demonstrate its impact on the portfolio and the performance? Is it important to have a consistent process and underlying philosophy – across financial and non-financial criteria? Is it sensible to be somewhat pragmatic with ESG issues – moreso than with financial criteria? We have noted that ESG integration seems to have fared best when combined with a quality style bias – companies with good returns on assets/equity, low debt and strong cash flow. While a quality bias is better than many, is this inevitable or desirable? Can sustainability be successfully integrated with, for example, a value style, perhaps to identify value traps?More broadly, the EAPF is interested in understanding the process of learning itself – a key component of the best managers. How do they refresh their ideas and evolve their process more broadly? In particular, how do they avoid the perils of framing – believing the world must be the way your models say?The EAPF would welcome responses to any of these questions.In addition, managers that have interesting products/strategies are invited to send summary details of them to The EAPF has so far had 12-15 responses.The formal tender is expected to take place at the end of this year or early next year.The pension fund also has a strong sustainable component in its real asset portfolio, which includes property, infrastructure, forestry and agriculture, and is analysing the integration of sustainability in its bond space. The UK’s £2.2bn (€2.6bn) Environment Agency Active Pension Fund (EAPF) is looking for the sustainable equities “mandate of the future”.EAPF CIO Mark Mansley told IPE: “We have had an allocation to sustainable equities for eight years. The time has come to renew this allocation by reflecting the best industry practice, which is why we are surveying the market to identify opportunities. We want to have a dialogue with the various managers before going to a formal tender.”The preference is for global equities, which may or may not include emerging markets, and the focus of the fund is likely to be on well-managed companies able to contribute positively – in the broadest sense – to environmental and social challenges over the long term.Mansley said: “Essentially, they should have superior long-term growth prospects and lower risks. Simple screening or engagement-only products are not of interest.”last_img read more

AIDAnova, World’s 1st LNG Cruise Ship, Delivered

first_imgGerman shipbuilder Meyer Werft has delivered  the world’s first cruise ship to be powered solely by LNG, AIDAnova, to its owner AIDA Cruises.The initial delivery, scheduled for November, was postponed by Meyer Werft in October as the shipbuilder needed more time to thoroughly test all of the ship’s systems in order to ensure smooth operation of the vessel.The first guests will be welcomed aboard on Tenerife on December 19, 2018, Carnival said announcing the delivery.“We are incredibly proud to be operating what is currently the world’s most eco-friendly cruise ship, and we will be consistently pursuing this path of continuous development,” Felix Eichhorn, President of AIDA Cruises, said.Featuring a length of 337 meters and a width of 42 meters, the 180,000 tonne ship is able to accommodate 6,600 passengers.In 2021 and 2023, two additional ships from this new AIDA generation will join the AIDA fleet.last_img read more

Destination Dominica: The Caribbean island prepares for Carnival 2012

first_imgDirector of Tourism, Colin Piper.ROSEAU, Dominica — Carnival, the most festive season on the Caribbean island of Dominica, begins in early January as Calypso competitions get underway. From January and into February, Dominicans and visitors alike are invited to join in Carnival activities taking place across the Nature Island. The pre-Lenten festival, also known as “The Real Mas,” includes parades, Calypso Monarch, Junior Monarch (Calypso competition for youngsters), Queen Show, Princess Show, Teenage Pageant, carnivals and much more. The Opening Parade on January 29 marks the official start of the Carnival celebrations and the opening of Carnival City. The excitement begins during the weeks prior; rising to a fever pitch before the finale on February 20 – 21. While key Carnival events take place in the capital of Roseau, smaller carnivals are planned in villages such as Portsmouth, Marigot and Grandbay. Organizers are also planning a few surprise additions to this year’s festival.“Carnival activities are taking place across the Nature Island throughout January and leading up to the final days on February 20 and 21,” explained Colin Piper, director of tourism for Dominica. “Anyone looking for a winter getaway should plan to come to Dominica to participate in some of our exciting carnival activities in addition to diving, hiking, whale watching or any of our other unique island activities,” he added.Caribbean News Now LocalNews Destination Dominica: The Caribbean island prepares for Carnival 2012 by: – January 14, 2012 Sharing is caring! Share Tweetcenter_img Share Share 12 Views   no discussionslast_img read more

Team Pence will be in Greensburg today

first_imgGreensburg, IN— U.S. Representative Greg Pence (R-IN-06)  announced on Friday his team will host Community Office Hours for constituents in Greensburg on Monday, November 25th.Team Greg Pence will be available to meet with Hoosiers and help on topics including assistance with federal agencies, grant applications, the purchase of U.S. Flags, military academy nominations, and tours of Washington, D.C. Team Greg Pence Community Office Hours are from 2:00 – 3:00 PM today in the Planning Meeting Room at Greensburg City Halllast_img read more

Apply for reserved spring turkey hunts, Jan. 6

first_imgStatewide—Hunters can apply online for a reserved turkey hunt by visiting and clicking on the “Reserved Hunt Info” link. The application period is Jan. 6 through Feb. 19. No late entries will be accepted. The online method is the only way to apply. Applicants must possess a valid hunting license for the species they wish to hunt.The application process is now consolidated into the online services website along with licenses, Check-In Game and HIP registration. An online account is not required to apply, so there is no need to log in.Please note that in this new system, hunts without a registration fee will follow the same process as those with a fee. For hunts with no fee required to register, you will be asked to “Add to Cart,” “Proceed to Checkout,” and “Place Order.” If the transaction total is $0, you will not be asked to enter credit card information.For draw hunt results, there is a “Click Here” link on the home page, or you can log in to your online services account. The link from the home page will only show hunts that you registered for when the date of the hunt is still upcoming. Logging in to your account online is required for you to see the full history of your past hunt registrations (previous years).Properties hosting turkey hunts include:—Atterbury Fish & Wildlife Area: April 22-24, April 25-26—Aukiki Wetland Conservation Area: April 22-24, April 25-26, April 27-29, April 30-May 2, May 3-5, May 6-8, May 9-10—Big Oaks National Wildlife Refuge: April 22-24, April 25-27—Crosley Fish & Wildlife Area: April 22-24, April 25-26—Deer Creek Fish & Wildlife Area: April 22-24, April 25-26—Fairbanks Landing Fish & Wildlife Area: April 22-24, April 25-26—Glendale Fish & Wildlife Area: April 22-24, April 25-26—Goose Pond Fish & Wildlife Area: April 22-24, April 25-26—Hillenbrand Fish & Wildlife Area: April 22-24, April 25-26—Hovey Lake Fish & Wildlife Area: April 22-24, April 25-26—J.E. Roush Lake Fish & Wildlife Area: April 22-24, April 25-26, April 27-29, April 30-May 2, May 3-5, May 6-8, May 9-10—Jasper-Pulaski Fish & Wildlife Area: April 22-24, April 25-26, April 27-29, April 30-May 2, May 3-5, May 6-8, May 9-10—Kingsbury Fish & Wildlife Area: April 22-24, April 25-26, April 27-29, April 30-May 2, May 3-5, May 6-8, May 9-10—LaSalle Fish & Wildlife Area: April 22-24, April 25-26, April 27-29, April 30-May 2, May 3-5, May 6-8, May 9-10—Mississinewa Lake: April 22-24, April 25-26, April 27-29, April 30-May 2, May 3-5, May 6-8, May 9-10—Muscatatuck National Wildlife Refuge: April 22-23, April 24-25, April 26-27 (Youth only: April 18-19)—Pigeon River Fish & Wildlife Area: April 22-24, April 25-26, April 27-29, April 30-May 2, May 3-5, May 6-8, May 9-10—Salamonie Lake: April 22-24, April 25-27, April 28-30, May 1-May 3, May 4-6, May 7-10—Sugar Ridge Fish & Wildlife Area: April 22-24, April 28-29—Tri-County Fish & Wildlife Area: April 22-24, April 25-26, April 27-29, April 30-May 2, May 3-5, May 6-8, May 9-10—Willow Slough Fish & Wildlife Area: April 22-24, April 25-26, April 27-29, April 30-May 2, May 3-5, May 6-8, May 9-10—Winamac Fish & Wildlife Area: April 22-24, April 25-26, April 27-29, April 30-May 2, May 3-5, May 6-8, May 9-10Only one application is allowed per license holder. No changes can be made once the application is submitted.Hunters will be selected through a computerized random drawing. Drawing results will be available online within two weeks after application deadlines, and an email will be sent to applicants when results are posted.For more information and to apply, visit view all DNR news releases, please see read more

Giggs: Senior stars backing Moyes

first_img The Scot will bow out at the end of the season after picking up 38 trophies during his 27-year stint at United, to be replaced by Moyes who will leave Everton after 11 years at Goodison Park. And Giggs believes replacing Ferguson could be just as intimidating as the challenge his current boss faced when he replaced Ron Atkinson in November 1986. “Maybe it is,” Giggs told the Daily Telegraph. “But we have a really good bunch of lads in the dressing room and, whenever the manager needs help, the more experienced players will help.” Press Association He added: “That has been the norm, ever since I have been in the club. “What David Moyes is coming into is a good atmosphere, a really good bunch of lads, very good players and a really strong squad, so it is a strong position to be in. But the downside is that you have to follow the most successful manager that has ever lived. “Managers usually go into clubs when things aren’t going great, but this team isn’t on a downward spiral, so I don’t know if that makes it harder or easier for David.” However, experience in the Premier League at Everton means Moyes is no stranger at United. “No, he isn’t, and he is coming here with great respect for what he has done at Everton,” Giggs said. “He has done a brilliant job there and that is evident whenever you play against his teams because it is never easy against them. “Some of our former players have gone to Everton and been really successful, like Tim Howard and Phil Neville, and what they have said is that he works you hard and expects you to work hard and perform. He sets really high standards, but that is nothing different to what we are used to.” center_img Ryan Giggs says new Manchester United manager David Moyes can count on the support of the club’s senior players when he begins the daunting task of replacing Sir Alex Ferguson at Old Trafford.last_img read more