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Hartford Growth Center wins approval

first_imgThe Town of Hartford now has a state-designated Growth Center, a move that will help streamline permitting for future development and pave the way for additional benefits to support development in the town.The Vermont Downtown Development Board approved the town’s revised Growth Center plan at its meeting on Wednesday after accepting some alterations to address concerns about the boundaries of the district.“This is a very important step for Hartford,” said Kevin Dorn, Secretary of Commerce and Community Development and chairman of Vermont Downtown Development Board. “It will encourage denser and more mixed use development in appropriate areas, and give the town some valuable tools to aid future growth.”Hartford’s growth center includes the town’s Designated Downtown – White River Junction – as well as the historic villages of Wilder to the north and Hartford Village to the west, and the Sykes Mountain Avenue area, which officials describe as key to the region’s growth.“This designation is going to help the town pursue a Tax Increment Financing district,” said Lori Hirshfield, Director of Planning and Development Services for the town. “Hartford is unique in that historically, development has been concentrated in five villages while retaining much of the town’s rural character. This will help continue that trend.”Hartford is Vermont’s ninth largest municipality, with an estimated population of 10,696 as of July 2008. In October of that year, the town was awarded a $40,000 Municipal Planning Grant to help the town work toward Growth Center designation.Growth Centers were signed into law by Governor Jim Douglas in 2006 to encourage communities to plan for denser and mixed use development in appropriate areas. Designated communities receive benefits under Act 250, including development in the growth center given greater options to comply with requirements to mitigate the impact on prime agricultural soils and some projects possibly being exempted from review.Towns with a designated Growth Center may also more easily meet the requirements for a Tax Increment Financing District, which allow the town to keep some of the additional property tax revenues generated by development instead of sending them all to the state, a program designed to support investment in water, wastewater and transportation infrastructure.To gain this designation Hartford had to demonstrate to the Downtown Board that it had undertaken a rigorous planning process that ensured state standards would be met, including:That it meets the statutory definition of a Growth Center, as demonstrated in the Town Plan and is implemented in the Town’s bylaws;  That the Town has or has planned for the roads, water and wastewater systems, and other infrastructure necessary to support the planned growth;That the Growth Center be adjacent to and support an existing Designated Downtown or Village Center;That the Growth Center be compact, dense and protect natural and historic resources both within and outside the growth center;That it be designed to accommodate a majority of growth anticipated by the municipality over the next twenty years; and include a mix of uses, including affordable housing.The Vermont Downtown Development Board also announced awards this week to a number of downtown transportation projects across the state. The grants are made through the Downtown Transportation Fund, which was created by the legislature in 1998 to support the revitalization of the state’s downtowns.  Awards were made to:Brattleboro – $47,500 for sidewalk and streetscape improvements on Main Street from the Gilbert Memorial Bridge to Elliot Street. This will replace badly deteriorated sidewalks; make handicapped-accessibility improvements; and add streetscape elements that make the sidewalk more pedestrian friendly.Rutland – $25,000 for the purchase and installation of way-finding signs within and serving visitors to downtown Rutland.  Vergennes – $75,000 for pedestrian and streetscape improvements on Main Street, which will also provide handicapped accessibility to several downtown businesses.This funding is appropriated annually and is available to the state’s 23 designated downtowns for transportation-related projects.For more information about the Growth Centers Program, please visit: http://www.dhca.state.vt.us/Planning/GrowthCenters.htm(link is external)Source: Commerce Agency. 3.25.2010 -30-last_img read more

Casella successfully refinances senior secured revolving credit facility

first_imgCasella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, announced today that it completed the refinancing of its existing senior secured credit facility with an amended and restated senior secured credit facility (the “Senior Secured Credit Facility”) consisting of a $227.5 million revolving credit and letter of credit facility (the “Revolver Facility”).Highlights of the new Senior Secured Credit Facility include: The new facility has a 5-year term, maturing in March 2016.The interest rate was reduced by 50bps from the existing facility, with the interest rate initially set at LIBOR plus a margin of 3.50% per annum.At the company’s discretion, the new facility allows for accordion advances up to an aggregate amount of $182.5 million, subject to certain conditions including obtaining additional lender commitments. This accordion capacity provides the company flexibility to refinance its existing $180.0 million second lien notes with borrowings under the new Senior Secured Credit Facility, subject to certain conditions. The facility has a springing maturity date if the company does not refinance its existing second lien notes by March 1, 2014.”Our team has done an excellent job over the past several months executing against our long-term capital strategy to improve the strength of our balance sheet,” John W. Casella, chairman and CEO of Casella Waste Systems, said. “With this successful refinancing, the sale of our non-integrated recycling assets for $134.1 million in early March, and the refinancing of our senior subordinated notes in early February, we believe that we have driven significant shareholder value and positioned ourselves well for the future.””Specifically, this refinancing improves our balance sheet profile by moving out the maturity of our senior secured credit facility to five years and reducing our cash interest costs,” Casella said. “In addition, we expect that the accordion capacity will provide us with an opportunity to call our expensive 11.00% second lien notes when they become callable starting in July 2012 with lower cost senior secured borrowings.”The net proceeds from the new Senior Secured Credit Facility were used to refinance the borrowings under the company’s existing $177.5 million senior secured credit facility due December 2012. The company repaid its existing senior secured Term Loan B on March 2, 2011.The interest rate under the new Senior Secured Credit Facility will be initially set at LIBOR plus a margin of 3.50% per annum for Eurodollar rate loans, and thereafter, the applicable margin will be determined in accordance with the pricing grid as set forth in the amended and restated credit agreement. The new Senior Secured Credit Facility is subject to customary affirmative, negative, and financial covenants.Availability under the new Revolver Facility was at $125.2 million on March 18, 2011, after taking into account $52.6 million of borrowings and $49.7 million of letters of credit.About Casella Waste Systems, Inc.Casella Waste Systems, Inc., headquartered in Rutland, Vermont, provides solid waste, recycling and resource management services in the northeastern United States. For further information, contact Ned Coletta, vice president of finance and investor relations at (802) 772-2239, or Ed Johnson, chief financial officer at (802) 772-2241, or visit the company’s website at http://www.casella.com(link is external).Safe Harbor StatementCertain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such by the context of the statements, including words such as we “believe,” “expect,” “anticipate,” “plan,” “may,” “will,” “would,” “intend,” “estimate” and other similar expressions, whether in the negative or affirmative. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the disposition and the industry and markets in which we operate and management’s beliefs and assumptions. We cannot guarantee that we actually will achieve the plans, intentions or expectations disclosed in the forward-looking statements made. Such forward-looking statements, and all phases of our operations, involve a number of risks and uncertainties, any one or more of which co uld cause actual results to differ materially from those described in our forward-looking statements. Such risks and uncertainties include or relate to, among other things the commitment of lenders to fund accordion advances and those risks detailed in Item 1A, “Risk Factors” in our Form 10-K for the year ended April 30, 2010.We undertake no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.March 21, 2011last_img read more

Will the monkey ever get off our back?

first_imgI was perusing the credit union web the other day, and I found an interesting article out on NACUSO.org. It was a summary of a survey done by CU Service Network back in 2016. The survey was given to 60 credit union CEOs whose assets ranged from 30 million to 1.6 billion. These CEOs were asked about their credit unions top issues and burdens. I will give you three guesses on what they said was the top issue…go ahead…If you guessed the weather, you were off by just a bit; it was actually compliance. 93% of the CEOs surveyed said they are concerned about meeting all of their compliance requirements. This is just a shot in the dark, but I am guessing this would be a pretty standard response if you asked any other CEO this same question.Trust me guys and gals, I get it. It is my job to dive in and dissect this stuff every day, and I have to admit that there are days it seems like a never ending jungle of information. Unfortunately for those of you that feel like you are lost in the jungle, it doesn’t look like that rescue helo is coming anytime soon. But just because the rescue squad might not be coming, doesn’t mean we can’t Bear Grylls our way out of this forest. continue reading » 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

The Masters: Bryson DeChambeau admits to ‘too many mistakes’ | Golf News

first_img“At Winged Foot we did a great job of it, this week we didn’t. We didn’t place it in the right places and I mishit a lot of shots that usually are pretty easy for me.“Numerous factors that were in play, but to have all this adversity and to still finish it off somewhat decent and be under par for the week is great, even though I feel like I shot 15 over for the week, to be honest with you. It was one of those things, one of those weeks.” – Advertisement – How DJ won The Masters – Advertisement – “At the beginning of the week I felt like I could have a great chance to win the tournament if I just played my game,” DeChambeau said. “I made enough birdies this week and eagles to have a chance to win, there’s no doubt about that.“I made way too many mistakes that I’ve got to talk about with my caddie and go ‘hey, how do we not make these mistakes anymore, how can we work better as a team to have that not happen?’. Bryson DeChambeau failed to contend for victory at The Masters
Bryson DeChambeau failed to contend for victory at The Masters

Adria Hotel Forum will be held in Belgrade from next year. Reason? Lack of interest in Croatia

first_imgBringing the biggest global investment funds in Zagreb – was the brave vision of Marina Franolić, the organizer of the Adria Hotel Forum (AHF), and some would say just let go. How to bring top people from the hotel industry in Europe to Zagreb? How to reach people at all, who are practically impossible to reach in a meeting? There were a lot of questions and challenges in my head, and at the very thought that it could happen, many would wave their hands.But after a few years, in spite of everything and everyone, the Adria Hotel Forum became the largest hotel and investment conference in Southeast Europe and one of the five largest in Europe, and the organizers fulfilled their vision.  However, after six years of holding, the AHF is leaving Zagreb and Croatia and will be held in Belgrade next year. The reason, classic Croatian. Lack of interest, both from domestic hotel experts and hoteliers, sponsors and cities, counties and ultimately the State.This relocation realizes the original idea of ​​the Forum that the AHF be organized in all capitals of the region, points out Marina Franolić and adds: ” Our initial idea was for the AHF to “move” and to be held in the capitals of the region, given that it is positioned as a regional conference. So far, we have realized the “regional aspect” through the topics in the program and the panelists who represented the region, but this step is very important for us to further confirm our status. ” Although the official version is of course much milder and different, and certainly as was the long-term intention of the Forum, someone had to write the other side clearly and loudly.By the way, last year alone, investors who manage a total of more than $ 500 billion, as well as vice presidents, managers of global hotel companies, presented themselves in Zagreb, but even that was not enough to show greater interest in both domestic management forces and the state. ultimately who should care about development and what European investors are in her backyard.Every year, European hotel experts come to the AHF, who are otherwise practically impossible or very difficult to reach, and who manage thousands of hotels, monitor the global market and know how the hotel industry will develop in the coming years. We are constantly talking about investments and market development, and when investors come to our door, the door remains closed. Getting their 5 minutes is extremely difficult, and getting them on a “full day” in your backyard is a great opportunity.And I have to admit as conference attendees, every year I wondered how it is possible that there are no our domestic hotel managers. Interest was embarrassingly low, and everyone knew about the conference. You look and you don’t understand what the “handle” is. And so again from year to year. They are here for the investor, they came, and then they need to sell the story, interest them and show them where, how and why to invest in Croatia.But we missed the opportunity. I wonder how many opportunities we need to understand that those who are proactive, brave, think differently, who are fast and agile, and who break down all the barriers in front of them, or at least try, grow and develop. There is no grace in the business world, either you are or you are not.It’s like one start-up among tens of thousands of applications manages to get a chance to present their project and idea on the Shark Thank show in front of multimillionaires and mega entrepreneurship stars, and then doesn’t even bother to sell the story. You had your 5 minutes, but you didn’t use them. Focus and capital go further. So in this case, only without millions of media pomp and audience, and we did not even try to present well, let alone delight them. It’s an opportunity to make a real show and throw “gloves in the face”, so that investors fight among themselves who will be faster and better with the offer.In the meantime, there is no need to worry about it. ”PS By the way, one of the Shark Tank investors was born in Croatia, and he proudly points that out, but the question is whether anyone has ever contacted him.On the other hand, Croatia also had its 5 minutes or 5 years while it is in trend, but the trend lasts 3-5 years, and then the focus of global media and investors turns to new markets. Five years ago, we could only dream that all global tourist media would write about Croatia and advertise us for free, which has been the case for the last few years. Did we take our chance? What message and story did we tell about our tourism and how did we position it?But let’s get back to the topic. Feel free to read the list of panelists and speakers for all six years HERE, and then the logical question arises: How is it possible that most of our hotel experts and managers had no motive to be present and talk live with top experts in the industry.That says a lot about our tourism and our leaders who run it. That says a lot about the business climate in Croatia. Some things are a lot clearer now, right? And then how to succeed and do business in Croatia, if the top people in the profession who keep the budgets and the direction of our tourism are not interested in what European experts will say “cream de le cream”?It’s as if Bill Gates is coming to Zagreb, and the top IT forces are not coming to the conference, or let’s say Philip Kotler, a synonym for marketing, comes and is one of the world’s greatest experts, and 100 people come. Okay, I’m exaggerating a bit, but not much, but you get the point of the story.A couple of years ago, Marina Franolić stated that capital does not go where it is nice, but where the return on investment is most likely. In Croatia, obviously, there is no prospect, and even less interest from our side. It is not this whining, on the contrary, the AHF has fulfilled its mission, brought in European hotel experts as well as investors and investment funds, and brought together the profession at the level of the whole of Europe.Marina Franolić, AHF: We have to be much more aggressive in the market in order to compete for capital that can realistically go anywhere.Unfortunately, there was no real interest, so without whining, and no pomp, she moved on and organized a conference where there is interest. And in this case, it is Serbia and Belgrade.But let’s get back to the topic of investment and whether there is any investor interest at all.On the one hand, investors came to Croatia, which obviously speaks of great interest in investing in Croatia. I was interested in Marina Fanolić’s first-hand opinion and experience, given that she has been in direct contact with them these years.”Yes, there is a much greater interest of foreign investors to invest in Croatia than a couple of years ago. However, the interest is mostly focused on already existing operating hotels (ie acquisitions), and much less on the development of new locations. There are several reasons for this. One of the main ones is that large international “private equity” funds have a limited term that they invest in a location, which is from 5 to 7 years. In that period, it is not realistic that you will start a project in Croatia, get permits, build, put into operation, and then financially stabilize. In Western European countries, there are developers working on this first phase, and investors are entering the phase when the hotel is built and ready for operation. Then 5-7 years makes sense. The second is, of course, the administration for which we are known today, not in a positive sense. There are other reasons, but what is worth emphasizing is that there are still no transactions in which the funds are interested. Franolić points out, and adds that they are in communication with a number of investors on a daily basis, and now some smaller funds and companies that both invest and operate their hotels have shown interest: “But we have to be much more aggressive in the market to compete for capital , can go anywhere. ” says FranolićWe have been talking about Zagreb on the Sava for years and nothing has moved, and in Belgrade some of the buildings have already moved in – Marina FranolićWhen asked what the investment climate is like in Croatia, and what it is like in Belgrade and the region, Franolić points out that Belgrade has recognized the strength of international hotel brands, while in our country it is often heard that brands are expensive.”First of all, it should be taken into account that Belgrade is much bigger than Zagreb. In addition, it has certainly developed more intensively in the last few years and opened up much more to foreign capital. An example is Belgrade on the water. We have been talking about Zagreb on the Sava for years and nothing has moved, and some of the buildings there have already been moved in. In addition, they recognized the strength of international hotel brands. We often hear that brands are expensive, but it’s not just a matter of price. Namely, the strength of the brand is in international visibility. When a brand like Accor, InterContinental and Hilton announces the news through their channels to open a new hotel, it is much more powerful than any individual hotelier can achieve. A good example is DoubleTree in Zagreb, whose owners are now opening two more hotels (Canopy opened 10 days ago, and the Garden Inn will next year) and which have contracted the Hilton brand for everything. In addition to raising the value of the hotel, the brand also raises the value of the destination.”Pointed out Franolić and concluded that the Adria Hotel Forum represents the entire region every year, so in 2019 in Belgrade will be one of the topics the return of Turkey, Greece and North Africa and their impact on tourism in the Adriatic and Mediterranean.Adria Hotel Forum 2019 under the slogan “Is the future bright?”But either way, the AHF goes further. The only internationally recognized hotel-investment conference in the region, Adria Hotel Forum (AHF), will be held 20-21. February in Belgrade at the Crowne Plaza Hotel.The theme of the seventh AHF is “Is the future bright?“, And will touch on the issues of the new financial crisis forecast for 2020, compare the bureaucracy that investors face in the countries of the region and other competing countries, and examine what projects are in focus for investors. In its six years of existence, the Adria Hotel Forum has positioned itself as one of the five largest investment conferences in Europe, bringing together over 1.800 participants, 250 panelists and 150 partners. The importance of the Forum is also proven by the arrival of world names of the hotel industry who visit our region only because of this conference. This year, the Forum brought to Zagreb more than $ 500 billion in investment funds, AccorHotels’ senior vice president of development for Europe, Hilton’s vice president of development for Eastern Europe and Belmond’s senior vice president for global development.Along with representatives of global hotel companies, investors and consultants, the ministers of several regional countries have already confirmed their arrival in Belgrade. Take advantage early bird prices that are open until December 7, and more information can be found on our official site.last_img read more

‘It’s what they want’: Blurred pictures of female UNJ students stirs debate on equality

first_imgThe photos showed members of the BEM committee for its 2020 term. The posts had been removed from the Instagram account as of Wednesday.Read also: Girls take over leadership posts to promote gender equalityThe blurred pictures have raised concerns among netizens over the poor sense of gender equality among the BEM members.The pictures went viral after Nadya Karima Melati, a cofounder of the Support Group and Resource Center on Sexuality Studies, tweeted them on her Twitter account @nadyazura. She wrote that the photos shocked her and raised concerns over the quality of higher education that prompted BEM members to blur the pictures of the female members. She went on to say that a similar thing also occurred in the UNJ’s School of Natural Sciences and Mathematics’ BEM, where photos of its female members were replaced with anime-style drawings.“That’s crazy as it eliminates the role and existence of women from the story,” Nadya tweeted on Monday. As of Wednesday afternoon, the tweet had been liked more than 12,000 times.Gw sebagai sejarawan shock banget sama kualitas pendidikan perguruan tinggi negeri yang BEMnya ngeblur foto perempuan pengurus macam BEM Teknik dan MIPA UNJ atau diganti foto perempuannya dengan anime.GILAK ITU NAMANYA PENGHAPUSAN PERAN/EKSISTENSI PEREMPUAN DARI SEJARAH! pic.twitter.com/bPA30daUaA— Nadyazura (@Nadyazura) February 9, 2020Another Twitter user mentioned that similar practices had occurred in other departments of the university as well.“There are more like this in [the university]. Why has gender-based discrimination become common culture on the campus?” Twitter user @novalauliady tweeted, while attaching several screenshots from other student bodies within the UNJ.BEM FT dan BEM FMIPA UNJ bukan satu satunya yang melakukan penghilangan/pemudaran anggota perempuannya. Masih banyak di UNJ yang begini.Kenapa ya diskriminasi berbasis gender jadi budaya di kampus? pic.twitter.com/lWsxcapTKI— ig: ultrafragile (@novalauliady) February 11, 2020Responding to the brouhaha, UNJ Engineering School BEM chairman Ibrahim Katoni Baurekso denied that the body blurred the pictures of the female members. “We only decreased the pictures’ clarity,” he said on a letter signed on Monday, posted on the BEM’s Instagram account.He added that there were female members in the organization who did not want their pictures to be published. This led to a deal between the female members to reduce their pictures’ clarity upon publishing.“It is not true that there is feminism, patriarchy, sexism at UNJ Engineering School’s BEM as mentioned by other people,” Ibrahim went on to say.As of Wednesday, no female BEM members had made any statement regarding the brouhaha.Read also: Discourse: RI, Australia face similar challenges in gender equality: EnvoySome Twitter users showed support for the student body, highlighting that people should respect what the female BEM members wanted.Twitter user @Miptahparidi_, who claimed to be one of UNJ Chemistry Education Department’s BEM members, wrote that several female members believed publishing their pictures was equal to showing their aurat, or parts of the body that should not be exposed to sight.“We have to be open minded, don’t we? This means we respect other people’s choices. We shouldn’t feel like we have the most extensive insight and those who are not in line with our insight are wrong. […] That is not open minded, but forcing your opinion,” he said.pic.twitter.com/Vl3cuUN1PZ— Uje cahaya asia (@Miptahparidi_) February 11, 2020He added that the practice of blurring female members’ pictures or replacing them with cartoon illustrations had been common practice for the past few years at UNJ.Topics : Instagram posts showing blurred photos of female members of a student executive body (BEM) in a state university in Jakarta have stirred debate on social media about gender equality among university students.The controversial pictures were uploaded to the Instagram account of Jakarta State University’s (UNJ) Engineering School BEM, @bemftunj, showing ghost-like photos of young female students smiling to the camera, their bodies were clearly visible, with bold and bright text showing their names and positions in the organization.While photos of their male counterparts were unedited, a viewer would need to squint their eyes to make out the female members’ faces.last_img read more

Social media couple slammed for touting child marriage

first_imgA series of YouTube videos featuring a young married couple, Adhiguna and Sabrina Sosiawan, has caused a stir on social media for allegedly endorsing child marriage, with users expressing concern over the couple touting the illicit practice in public.Twitter user Pritta Lora Damanik, who uses the handle @prittadamanik and whose profile identifies her as a “UN Volunteer”, spoke out against the couple in a tweet that has gone viral, criticizing the video series as an obvious attempt to romanticize child marriage.“Please don’t be poisoned by the negative content from the toxic couple Adhiguna and Sabrina. Whoever they are, child marriage can never be justified. The country is waging a battle against [child marriage], please help me report their YouTube account,” she wrote.Please kalian jangan sampai keracunan konten negatif dari pasangan toxic bernama Adhiguna dan Sabrina. Siapa pun mereka, PERKAWINAN ANAK tidak dibenarkan untuk terjadi. Negara sedang PERANG untuk itu, tolong bantu report akun youtube nyahttps://t.co/THCzjhHfbX— Pritta Lora Damanik (@prittadamanik) May 10, 2020At the time of publishing, her tweet had been retweeted nearly 5,000 times.She claimed that she had reached out to Adhiguna on Instagram about the contentious video series.“I tried to point out that child marriage is a serious issue in the country and that [Adhiguna] should not promote it on YouTube. And yet, my comment was deleted!” she said in a follow-up tweet.The couple at the center of the controversy has made a name for themselves on YouTube by recounting the story that led to their wedding in August 2019, when Adhiguna was 25 and Sabrina was 16. Through their multi-part series titled “Reasons Why [We] Married at 16”, Adhiguna and Sabrina take turns explaining why they got married when Sabrina was still underage and how their marriage has affected their lives.Children’s and women’s rights activists have also taken to social media and condemned the couple for “glorifying” and deliberately glossing over the risks of child marriage.Coordinator Lia Anggie of the Indonesian Coalition to End Child Marriage (Koalisi 18+) said that the couple seemed to be using their YouTube channel to spread a “romantic” narrative of child marriage, noting that the practice was a persistent issue in Indonesia, especially among low-income families.“Contrary to their privileged reality, child marriage doesn’t automatically lead to picture-perfect overseas vacations for most people,” Lia told The Jakarta Post on Thursday. “Quite the opposite. The trend shows that it often leads to poverty.” She added that early marriages also tended to rob young women of their right to education.Lia said that Koalisi 18+ would ask YouTube to remove the controversial videos immediately to prevent undue influence on impressionable children and teens.“It’s not just about ‘love’. There are so many other variables that must be taken into consideration,” she stressed.Early marriages are prevalent in Indonesia, influenced in part by religious beliefs and socioeconomic factors. Statistics Indonesia (BPS) found in 2015 that 23 percent of Indonesian children, particularly girls, married before their 18th birthday.A 2018 BPS report found that girls from the poorest households were nearly three times more likely to marry as minors than those from higher social classes.The minimum marriageable age for both girls and boys is 19 under the Marriage Law, which was amended in September 2019.Read also: High time for men to join fight against child marriageWomen’s Health Foundation chair Zumrotin said that the YouTube couple should not have preached publicly about the supposed merits of their early marriage, as their experience did not represent the social reality in Indonesia.“They really should have looked at [early marriage] on a macro level. The fact is that most early marriages deprive women of education and parental love,” she told the Post.Zumrotin said early marriages could also negatively impact the reproductive health of young women, thereby robbing them of their agency over their bodies.“Please remove the videos. They serve no other purpose than to endanger the lives of many young women,” she appealed to the couple.Read also: Child marriage still common, despite Indonesian court banThe criticisms on “glorifying child marriage” refer to the way the couple talk about their marriage on their YouTube channel in a narrative resembling teen romance.“When my husband and I tied the knot, I was 16 and he was 25,” Sabrina says in the first video of the series, and that the pair married little over a month after they first met. “We believed it was the best decision, as we both love each other. It’s our destiny,” she adds.She then says that her parents and in-laws had been lifelong friends and are even in the same professional circles. Both her and Adhiguna’s parents had approved of their marriage, she says.Meanwhile, Adhiguna gives “tips” by sharing how he proposed to Sabrina and married a “woman” who was significantly younger than him, saying that everything boiled down to “love and affection”.“The ‘falling in love’ factor is crucial for people who wish to marry,” he says in one video interspersed with clips of the couple’s trip to Europe.He later points out that the couple married one month before the government raised the minimum marriageable age for girls in September 2019 from 16 to 19, and therefore, their marriage was legal.Separately on his Instagram profile, Adhiguna posted a photo of himself and Sabrina wearing high school uniforms in what appears to be a promotional campaign for the couple’s video series.A number of Instagramers have expressed their admiration for the young couple’s seemingly idyllic marriage in the comments section below the photo. Several teenaged users have commented that they were following in the couple’s footsteps and were due to be married to significantly older men.“Pray for me, I will make like mas [Adhiguna] and kak [elder sister] Sabrina and be married at age 16 to a handsome CEO,” one comment reads.Topics :last_img read more

Street record a sure sign of a healthy market

first_imgThe home at 43 Hunter St, Woodridge.A FAMILY home in Woodridge has set a new street record after selling at auction.The property at 43 Hunter St sold under the hammer for $316,000.The previous street record of $310,000 was set by the neighbouring property at 41 Hunter St when it sold in May 2015. Marketing agent Nick Lonzar, of Ray White Stones Corner, said the auction of 43 Hunter St last Saturday attracted four registered bidders, with three actively placing bids. The successful buyer was a last-minute phone bidder who registered before the auction began.The action kicked off with a starting bid of $150,000 and progressed reasonably quickly through to the eventual sale price of $316,000. More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020Mr Lonzar said the new owners were investors from Sydney. “They liked the aesthetics of the home, the fact that it was near a park and school and that it was a double-brick home with fully ducted airconditioning,” he said. Mr Lonzar said the Woodridge market was attracting interest from interstate investors because of its good yields and buying prices.“It’s a consistent market. There are no big spikes, but it’s chugging along nicely with steady growth,” he said. “I think this area has a lot of potential and will be a good growth suburb.” According to CoreLogic, the median house price in Woodridge has increased 22.7 per cent in the past three years to sit at $300,000. The area has recorded a rental yield of 5.5 per cent.last_img read more

UK’s NEST adopts net-zero policy, skips on UN group over fee

first_imgNEST has also committed to divest by set dates companies involved in thermal coal, oil sands and arctic drilling. It said that by the end of this year it will sell any holdings it has in companies with more than 20% of revenues from these activities and be completely divested from any companies involved in such activities by 2025 at the latest, unless they were committed to a “full, accountable phase-out by 2030 at the latest”.NEST told journalists the divestment policy applied to equities and fixed income.With regard to companies that NEST will remain invested in, the pension scheme said it would increase pressure on the largest carbon emitters and those who finance them via shareholder voting and collaborations with other institutional asset owners.It will consider divesting where its engagement has been unsuccessful, “usually only after several escalation options have been explored”.The scheme is also embedding its new policy in fund manager selection and monitoring, saying it will expect all fund managers to develop a strategy to align the portfolio they manage for NEST with the 1.5°C global warming limit, which will include analysing how NEST can halve emissions associated with its portfolio by 2030.This will be a requirement for all new mandates, while incumbent managers will have three years to demonstrate meaningful progress against defined benchmarks or risk losing the mandate.“We’ll use our close partnerships with fund managers to amplify our impact and coordinate activities towards meeting the Paris Agreement goals.”Mark Fawcett, NEST CIONEST is also looking to invest a greater proportion of its funds directly in green infrastructure. According to CIO Mark Fawcett, it is in the shortlist stage of its infrastructure equity manager search for three mandates, one of which is exclusively for renewable energy.“As the world’s economy slowly recovers from coronavirus, we want to ensure this recovery is a green one,” he said. “We have a unique opportunity to support sustainable growth and transition towards a low-carbon economy.“We believe our new policy sets out a clear vision of where we’re heading. We’ll now work on taking the necessary steps to become net-zero, using our close partnerships with fund managers to amplify our impact and coordinate activities towards meeting the Paris Agreement goals.”‘Disappointed’ by UN asset owner group fee The aim of NEST’s new policy is similar to if not the same as the objective of the UN Net-Zero Asset Owner Alliance, a group that now counts 27 major institutional investors since launch last autumn.Asked why NEST was not joining the UN group, Diandra Soobiah, head of responsible investment at the DC provider, indicated it was put off by the expense involved.“We were quite disappointed that there was a large fee,” she said.A spokesperson for NEST told IPE that as a not-for-profit organisation currently being funded through government loans, “we need to be prudent with any expenditures and to be clear on the exact benefits it will bring our members”.“Another key point is that there are a lot of really good free initiatives so we don’t feel the need to pay for research and resource that’s readily available to us,” the spokesperson added.The move by a growing number of investors to align their investments with the goals of the Paris Agreement, in particular the more ambitious 1.5°C target, comes as methodologies are still being developed to assess portfolio alignment with a particular temperature goal.NEST’s Soobiah said the pension scheme was doing a lot of work with groups like the Principles for Responsible Investment (PRI) and the Institutional Investors Group on Climate Change. NEST has been involved in the latter’s asset owner project to develop a common understanding of what aligning with the Paris Agreement means in practice. The outcome of that work is due to be presented soon for consultation.“We’re feeding into this conversation on how we can develop methodologies for 1.5°C alignment,” said Soobiah.She also said NEST was engaging with the PRI “to ensure we have input into [the UN Net-Zero Asset Owner Alliance] and we’re not missing out on key areas of research that’s coming from that group”.The membership fee for 2020 for the UN Net-Zero Asset Owner Alliance is €20,000 per annum. A spokesperson for the PRI, one of the convenors of the UN group, said the fee had not been an issue for the vast majority of investors the coalition had engaged with so far. PRI CEO Fiona Reynolds added: “The UN Net Zero Asset Owner Alliance is perhaps the most exciting climate initiative of the 2020s because asset owners aren’t just asking companies to commit to a Paris aligned world, they are committing to make their entire portfolio net zero by 2050 and to hold themselves accountable via short-term measurable targets, not only to their own beneficiaries, stakeholders and industry peers but also to the finance sector as a whole and most importantly, wider civil society. “This has not been done before.”She also said there was a lot of work involved in pursuing this goal, and that the fees helped pay for the research and coordination involved in getting to net zero by 2050, with none of these projects achievable without funding.“We would welcome NEST to the initiative,” Reynolds added. Looking for IPE’s latest magazine? Read the digital edition here. UK defined contribution (DC) master trust NEST has adopted a climate change policy aimed at aligning its portfolio with the goal of keeping global temperature rises within 1.5°C above pre-industrial levels.Based on projections by the Intergovernmental Panel on Climate Change, achieving this would entail reducing to net-zero the greenhouse gas emissions associated with its portfolio by 2050. NEST said it expected this would in turn mean these emissions would have to halve by 2030.The £12bn (€13bn) DC provider is setting out to reach its objective by way of its asset allocation, stewardship, fund manager selection and monitoring, and public advocacy.As concerns asset allocation, it is moving all of its developed market equity, representing £5.5bn and 45% of its portfolio, into its “climate aware” index fund strategies, and will later this year also set up a climate aware fund for emerging market equity.last_img read more

Siem to take full ownership in PSV-owning unit

first_imgOffshore and subsea shipping company Siem Offshore will buy 49% ownership in Siem Meling Offshore DA (SMODA) from the shipowner O.H. Meling. Following the acquisition, Siem Offshore will own 100% of the company SMODA.As part of the transaction, the 2011-built MPSV vessel Siddis Mariner is sold from SMODA to a company owned by O.H. Meling with effect and delivery May 31, 2017.SMODA will continue its ownership in the 2010-built PSV Siem Pilot which will start a four-year firm contract for an unnamed customer offshore Canada during July 2017.According to data on O.H. Meling’s website, SMODA also owns the 2007-built platform supplier Siddis Sailor.Offshore Energy Today Stafflast_img