Rep calls on NCUA to delay fund merger, increase in operating level

first_img continue reading » 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr A key Republican House member is asking the NCUA to delay proposals to increase its normal operating level and merge its corporate credit union stabilization fund and its share insurance fund.“Merging the funds and raising the [operating level] would seem contrary to the intent of Congress when the [stabilization fund] was created,” Rep. Sean Duffy (R-Wis.), chairman of the House Financial Services’ Housing and Insurance Subcommittee.The NCUA has solicited comments on a plan to close the stabilization fund in September; that could result in a Share Insurance Fund distribution to federally insured credit unions of between $600 and $800 million. The stabilization fund had been scheduled to close in 2021.At the same time, the NCUA board agreed to seek comment on a plan to increase the normal operating level of the Share Insurance Fund from 1.30% to 1.39%.last_img read more

Chile crosses 10,000 virus deaths as president announces aid package

first_imgTopics : The DEIS figure contrasts with the official daily report that on Sunday showed 6,308 deaths out of 295,532 cases since the first case was detected in Chile four months ago.Health Ministry epidemiological chief Rafael Araos explained Friday that the daily report’s objective is provisional, recommending to use the DEIS figure instead.The grim milestone comes as Pinera announced $1.5 billion in soft loans aimed at cushioning the blow of the economic crisis on Chile’s middle class.The measure still needs to be approved by Congress. Chile recorded 10,159 coronavirus deaths on Sunday, as President Sebastian Pinera announced a $1.5 billion aid package to help the middle class, which has been battered by the economic crisis.The death toll is compiled weekly by the Department of Statistics and Health (DEIS) and is considered to be the most accurate for reporting COVID-19 deaths by test results or by symptoms.According to Sunday’s report, there were 7,057 deaths confirmed via swab test and 3,102 “probable” deaths diagnosed via symptoms.center_img If approved, the package would provide for the delivery of a credit of up to $3,200 over four installments, with a zero interest rate and four years to repay it, along with the postponement of dividend payments with a state guarantee.It also provides an extension of a subsidy for rent payment and a credit to pay for higher education.”Chile is a mostly middle class country, which has progressed on the basis of its own merit, effort and work. The middle class knows this and is proud of its achievements. But it also deserves and needs assurances and opportunities for the future,” Pinera said when presenting the aid package.Middle-class families had been excluded from state aid provided to weather the economic fallout of the coronavirus pandemic in Chile.Chile is one of the main global virus hotspots, as it was slow to implement lockdown measures and granted a large number of exceptions for “essential” workers once it did so on May 15.last_img read more

Ministry revises foreigner ban amid travel corridor discussion with Singapore

first_imgHe requested that authorities prepare sufficient health infrastructure for passenger coronavirus screening in airports and seaports, especially in Jakarta as well as Batam, Riau Islands, which directly borders Singapore.Read also: Indonesia doubles down on ASEAN travel corridor despite being slapped with bansThe ministry’s Immigration Directorate General will prepare an electronic visa service for the essential travelers looking to visit the country. The visa service is expected to be available starting Oct. 15.Yasonna claimed the arrangement would make way for economic recovery because it would allow easier mobility for businesspeople, investors and state officials.The discussion for the arrangement is still ongoing, as Indonesian Foreign Minister Retno LP Marsudi met with her Singaporean counterpart Vivian Balakrishnan in August.Indonesia so far has travel corridor arrangements with the United Arab Emirates, South Korea and China.Topics : The Law and Human Rights Ministry is revising its temporary ban on foreigners entering Indonesia as the government enters discussion with Singapore to form a travel corridor arrangement between the two countries for essential businesses.Minister Yasonna Laoly said the ministry was finalizing a revision to a ministerial regulation about temporary prohibition of foreigners entering Indonesia amid the COVID-19 outbreak, which had been effective since April 3.“We will finish the revision soon, so there won’t be any issue hindering TCA implementation,” Yasonna said in a statement on Thursday.last_img read more

Cricket News Kuldeep comes into World Cup mix big time, says Ravi Shastri

first_imgNew Delhi: Wrist spinner Kuldeep Yadav’s sensational show at his maiden Test on Australian soil makes him India’s first-choice spinner when it comes to selecting the playing XI for the upcoming World Cup in England, feels team coach Ravi Shastri. Kuldeep returned with a five-wicket haul in the first innings of the drawn fourth Test in Sydney against Australia and the wrist-spinner received huge accolades from the India coach.“Kuldeep comes into the mix big time now (in the World Cup),” Shastri told ‘India Today’ TV channel.“He might be in every Indian XI that plays (in the World Cup) because he has the advantage of a wrist spinner. We might need to choose between the other two finger spinners because wrist spinner now is the priority.”Also Read | BCCI announces cash reward for Virat Kohli brigade after historic series win against AussiesYoung wicket-keeper batsman Rishabh Pant also impressed by scoring 350 runs at an average of 58.33 to emerge as the second leading run-scorer for India during the four-match Test series against Australia. India won the contest 2-1 to clinch their maiden Test series win on Australian soil.However, the 21-year-old Pant, who scored an unbeaten 159 in Sydney, was not included in the squad for the Australia and New Zealand ODIs.Shastri said Pant has been given a specific job of learning to finish games, which will be important for India during the World Cup. “We have asked him to go back because he has been playing non-stop cricket. I think he needs a break for a couple of weeks and then join the India A team,” the India coach said.“He has been asked to do a specific job, to get into the habit of finishing off matches and he will be right there in the mix,” he added.Shastri again slammed the critics for “jabbering away”. “Who cares what people say? Look at the scoreboard, look at the results and rests is history, you can keep jabbering away.” he said.Also Read | Imran Khan congratulates Virat Kohli and team on maiden Test series win in Australia“I always believed the people who jabber away are in the minority. You don’t know the millions of fans that this Indian team has, you outnumber the jabbering crowd.”Virat Kohli and Co. will now take on Australia in the three-match one-day series starting in Sydney on Saturday.  For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more

Grgic: It is nice to be at Preparations of the National Football Team again

first_imgThe U-18 national team of Bosnia and Herzegovina is already preparing for the second day in the FF BH Training Camp in Zenica.After two completed trainings, the impressions of the technical staff are conveyed by the head coach Slaven Musa:“We are satisfied with the work of the players in these two days. It is noticeable that they make high efforts when they are in the national team and that they have more motivation to prove themselves. Still, a longer break is felt and we dose their training sessions accordingly. We also have nice weather and great conditions in the Training Centre, and I hope that we will continue in this rhythm. Today we will do another training session, tomorrow two, and the preparations will end on Tuesday when we will do anthropological testing of players.”National team player Ivan Grgić does not hide his satisfaction that after a long time he has the opportunity to hang out with his teammates from the national team again.“I tried to keep in shape as much as possible during the break, so I have not been unprepared for these preparations. I had the opportunity to train individually. After all the measures that made us have to be at home, it is nice to be at the preparations of the national team again. I am glad that we are training together again, we are hanging out and laughing, that the spirit of the team is there and that everything is great as it should be”, says Grgić.last_img read more

First female Speaker of the Iowa House, Linda Upmeyer of Clear Lake, reflects on her tenure

first_imgDES MOINES — Linda Upmeyer of Clear Lake closed out her tenure as Speaker of the Iowa House Monday morning. Last fall, Upmeyer announced she would not seek re-election to the House in November of 2020 and would immediately step down as the leader of House Republicans for the 2020 legislative session. In October, House Republicans selected Pat Grassley as Upmeyer’s successor and he was installed after a vote in the full House Monday morning. Upmeyer, though, was able to give one last speech from the speaker’s chair.  “As the first woman to serve as speaker of the Iowa House, I hope that my time has inspired girls and young women,” Upmeyer said. “When you dream big and work hard, nothing is unattainable.” Upmeyer’s late father, Del Stromer of Garner, was speaker of the Iowa House in the early 1980s. “Someday, God willing, I’ll have an opportunity to have a discussion with my dad. I’m sure he will be very proud of what we’ve accomplished on behalf of Iowans,” Upmeyer says. “I’m also sure that there will be a couple of things where he’ll say: ‘Girl, what were you thinking?’” Upmeyer, who is still a voting member of the House in 2020, told reporters she hasn’t lost any sleep about her decision to resign as House speaker. “From time to time I’ll think of a bill, perhaps, that I was interested in and say: ‘Oh, we didn’t get that passed,’” Upmeyer said, snapping her fingers. “But, you know, I still have this year.” Upmeyer says it feels nice to have a reduced workload now that she’s not in charge of raising money and recruiting candidates for House races.  “I traded cars because I wouldn’t have to put 25,000 miles on my car every year,” Upmeyer told reporters Monday. Upmeyer is completing her tenth term in the Iowa House.last_img read more