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How to make good financial decisions

first_imgIn many ways, the health of your bank account is based on whether you’re a good decision-maker. After all, whether we’re rich, poor or somewhere in between often depends on the choices we make. Sure, some people are born with far more advantages than others, but still, whether you rise or fall in life often comes down to the quality of your decisions. Good financial decision-making isn’t an art or a science, but there are some smart guidelines you can follow to help you achieve your goals. 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Weigh the pros and cons first. This is good advice for anyone making a significant life decision, whether there’s money involved or not. Scott Vance, founder of Trisuli Financial Advising in Raleigh, North Carolina, says that when he was young, his dad would sit him down and have him split a piece of paper into two columns. continue reading »last_img read more

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There is a Pokémon Gym at my credit union!

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Thousands of people downloaded the Pokémon Go app this month and inadvertently granted the app full access to their Gmail accounts. Several Reports indicate that people did not read the information gathering clause found in the app’s Terms of Privacy. The extensive permissions could have allowed the app to obtain non-public information for the financial benefit of Niantic (if it hadn’t been for meddling kids calling attention to this ‘glitch’). Why is this relevant to financial institutions? These kinds of blanket permissions found in many terms of privacy highlight the public policy reason for the implementation of privacy regulations, such as the Privacy of Consumer Financial Information rule (“Regulation P”), which implements requirements under the Gramm-Leach-Bliley Act (GLBA). Generally, Regulation P requires credit unions to provide new members with Annual Privacy Notices and send updated notices during the term of the financial relationship. 12 C.F.R. Pt. 1016. The notice is meant to alert members the manner in which their non-public information is used by the credit union and gives them an opportunity to opt-out from certain information sharing practices. See, 12 C.F.R. § 1016.1.Regulation P requires credit unions to provide an initial notice of its privacy policies when a member joins the credit union, every year the financial relationship continues, and whenever the credit union changes its privacy policy to being sharing nonpublic personal information with nonaffiliated third parties. See, § 1016.5(a)(1) & 1016.8(a)(1)-(4). In 2014, the CFPB adopted a rule to allow financial institutions to use an alternative delivery method by posting the notices on their websites if certain conditions were met. See, § 1016.9(c)(2)(ii)(B). continue reading »last_img read more

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Fraud ring leader sentenced in $69 million scheme

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » Seven years after two Pennsylvania credit unions detected suspicious account activity that led federal investigators to uncover a $69 million tax refund scheme, justice finally caught up with one of the leaders of the national fraud ring last week.U.S. District Judge David S. Cercone in Erie, Pa.  sentenced Doherty Kushimo, 56, of Providence, R.I. to eight years in federal prison on Sept. 18. Earlier this year, he pleaded guilty to conspiracy to commit wire fraud and aggravated identify theft. He was ordered to pay $335,725 in restitution.Kushimo was sentenced in Erie because in 2012 the $302 million Widget Financial Federal Credit Union reported to the FBI that there were accounts opened by a person living outside of Pennsylvania and that each account application contained stolen identify information, including names, Social Security numbers, dates of birth and telephone numbers. Federal investigators determined Kushimo opened some of those accounts.last_img read more

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Civil service cull will not mean a property bonanza

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

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Virus cases on sharp rise since start of July: AFP tally

first_imgPresident Donald Trump appeared on Saturday for the first time publicly wearing a mask, as more than 66,000 new cases were recorded in the United States, according to the Johns Hopkins University, a new daily record.Latin America and the Caribbean is the region where the disease is surging the most, with more than 76,000 new cases registered on July 11 (compared with just over 70,000 in the United States and Canada, nearly 40,000 in Asia, 17,500 in Africa and 16,000 in Europe).On Friday, the World Health Organization said it was “still” possible to control the situation if “rapid action” was taken to deal with outbreaks.The number of diagnosed cases still reflects only a fraction of the actual number of infections. Some countries test only severe cases, others use them primarily for tracing, and many poor countries have limited testing capacity. The coronavirus pandemic, which has killed more than 565,000 people out of nearly 13 million registered cases worldwide, has been accelerating sharply since the start of July, according to a count carried out by AFP from official sources.The three biggest daily worldwide increases in new cases were seen on Saturday (more than 230,000), Friday (more than 225,000) and Thursday (nearly 220,000).Since July 1, nearly 2.5 million new cases have been officially declared, a record level since the outbreak was first reported in China in December.  Topics :center_img The number of declared cases worldwide has doubled in just a month and a half.The United States (3,247,782 cases), Brazil (1,839,850), India (849,553), Russia (727,162) and Peru (322,710) account for more than half of the global total.Worldwide, a total of at least 12,736,737 infections, including 565,151 deaths, have been recorded.Europe is the most affected continent in terms of fatalities, with 202,396 out of 3,355,128 cases while the hardest-hit country the United States has registered 134,815 deaths.last_img read more

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Rio Ferdinand heaps praise on ‘discarded’ Bayern Munich star Serge Gnabry

first_imgGnabry was in dazzling form for Bayern (Picture: Getty)Rio Ferdinand has hailed Serge Gnabry as ‘world class’ after the winger fired Bayern Munich into the Champions League final.Bayern will take on Paris Saint-Germain in the final this weekend and Gnabry was the star man in Lisbon, scoring twice in the 3-0 victory.Gnabry came through Arsenal’s youth ranks but was sold by Arsene Wenger in 2016 and has since emerged as one of the best forwards in world football.Tony Pulis famously wrote off Gnabry after a loan spell at West Brom, but Ferdinand heaped praise on the 25-year-old following his latest performance for Bayern.ADVERTISEMENT‘If you can get around 20 goals and ten plus assists, you are sitting at the top level, a world-class wide man,’ Ferdinand said on BT Sport.AdvertisementAdvertisement‘He looks a well-educated player, does all the right things with and without the ball. ‘He’s got to be one of the most improved players in football at the moment. In terms of his trajectory, from where he was being discarded by Arsenal and West Brom to where he is now, wow.’ Bayern are the favourites heading into the final, but Ferdinand is convinced PSG will take the chances Lyon allowed to pass them by against the German side.‘I can’t wait. There’s going to be goals the way they both play,’ Ferdinand said. ‘When we saw the draw, this was the dream scenario. Will they continue to be this open against PSG? 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‘If they do this against (Kylian) Mbappe and Neymar, they’re gone, it’s all over. ‘PSG are guaranteed to get chances. Bayern are a special team, they’ve got so many ways they can beat you. ‘It is mouth-watering. PSG’s front three are just incredible. You look at the goalkeeper, his experience. Gnabry is part of a brilliant Bayern side (Picture: Getty)‘That might be a concern. My worry for PSG was how they would apply themselves, but they’ve been brilliant in the knockout stages. ‘They’ve found a formula that’s working for them. ‘It’s not always about talent but it seems like the penny has dropped.’MORE: Bayern Munich or PSG? Ruud Gullit predicts who will win Champions League finalMORE: Bayern Munich to face PSG in Champions League final after Serge Gnabry brace downs LyonFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram. For more stories like this, check our sport page. Advertisement Comment Coral BarryThursday 20 Aug 2020 12:08 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link620Shares Rio Ferdinand heaps praise on ‘discarded’ Bayern Munich star Serge Gnabry WOW WOW WOW 😳Serge Gnabry with a pearler here! 🔥A stunning goal to open the scoring!#Club2020 pic.twitter.com/0EqGDb0D4n— Football on BT Sport #Club2020 (@btsportfootball) August 19, 2020 Advertisementlast_img read more

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Chart of the Week: ‘Green’ funds taking market share in unlisted space

first_img“More than half of the unlisted green asset funds identified by Novethic are dedicated to renewable energy, with assets under management totalling over €26bn,” Novethic said. “These funds may offer lower returns as they rely on the refinancing of mature assets, such as onshore wind farms.“The most financially attractive products are those involved in the early stages of a project’s finance chain, or those that position themselves around more innovative investment themes, such as smart cities.”Macquarie and BlackRock dominated the green sector in terms of assets under management, with Copenhagen Infrastructure Partners in third with €3.2bn, predominantly run for Nordic institutional investors such as PensionDanmark.Top five ‘green’ asset managersChart MakerHowever, Novethic said demand for green alternative investments was small, despite the trend towards private assets among institutional investors.“Investors are not very demanding about the quality of environmental reporting, whether they refer to avoided emissions or installed capacity, with the exception of the European Investment Bank (EIB) and some public investors with strong climate engagements,” the researchers said.Novethic concluded: “The implementation of the European Commission’s action plan on sustainable finance is expected to bring new developments to this emerging market.“The publication of a standardised classification system for green activities will better direct financial flows towards the energy and ecological transition. This assumes that investors are moving towards defining their green strategies and reporting requirements at a larger scale.“These actors should be encouraged to do so under new transparency requirements on ESG criteria and climate risk management.”This article was updated on 27 March to amend the survey size in the second paragraphFurther reading More than €57bn is now invested in unlisted ‘green’ funds, across infrastructure, private equity, private debt, real estate and forestry, according to research from Novethic.The French research firm surveyed more than 500 unlisted funds and identified 223 that it considered to be “environmental” in some way. More than half were dedicated to investing in renewable or sustainable projects.Green funds breakdown by theme (% of funds)Chart MakerNovethic said that the data demonstrated “the push felt by investors since the signing of the Paris Agreement in 2016”. A record €12bn was raised by 35 green funds last year. Green finance: Financing environmental benefits Green finance is drawing huge interest in light of climate change, but it needs to be about more than financial returns, writes Susanna RustEU sets out plan for investor sustainability disclosure rules The European Parliament and EU member states have reached a political agreement on the so-called disclosure regulation that forms part of the European Commission’s sustainable finance planMoody’s: EU disclosure rules could benefit asset manager ESG leaders “For asset managers that have the appropriate infrastructure, expertise and product range, the rules will likely lead to increased inflows into sustainable strategies, given increasing demand for ESG products”last_img read more

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Buyers lining up for rare Noosa waterfront acreage

first_imgSpacious kitchen allowing multiple people to be in the room without cramping anyone’s culinary style.With almost 17,000 sqm of land, the five bedroom, four bathroom, five car space house was great for privacy, he said.“It’s one of its most profound features. You can’t actually find a home of this scale in a normal residential position. You’d generally have to push beyond residential.”“This is an interesting mix with more than enough room for friends and just across from popular (Noosa sites).” More than enough room for a seriously good time.More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours agoInterest has come out of Queensland, Melbourne and internationally, he said.“It’s set on the bank of the Noosa River, near the rivermouth so it’s protected in the river but literally only just across the water from Noosa central and Hastings Street and all that Noosa has to offer there. It has the privacy and scale that feels like a resort yet the convenience of being close to all the things people love about Noosa.” Bespoke living.Among the home’s features were five metre high ceilings with electronic louvred windows, ducted airconditioning that runs off a 7kw solar system, over 1,000 sqm under roof with enough space to comfortably accommodate 14 people, a kids retreat, separate media room, internal courtyard, fully tiled pool, outdoor gazebo and an external shed that can accommodate two boats. The current owners drive their boat from the beach to their backdoor. The owners drive their boat from the beach to their door. Noosa houses lead Brisbane, Goldie Love it or list it? Massive city mansion hits market “It’s new to market and we’ve certainly got inspections lined up already. We’ve got people flying in to inspect the property so it’s really exciting. We’ve seen some strong interest. This sort of marquee position doesn’t come up often.” The home has been immaculately kept.The house is for sale by tender — applications for which close at 5pm on October 19.“This never to be repeated opportunity is arguably one of Noosa’s most iconic properties,” was how Mr Reed listed the home. Noosa’s North Shore has seen its median house price almost double in five years, according to CoreLogic. FOLLOW SOPHIE FOSTER ON FACEBOOK This home at 2 Frying Pan Track, Noosa North Shore, is more like a resort than a house.A RARE Noosa waterfront acreage home that’s more luxury resort than house already has buyers booked to fly in for inspections just days after listing.Called Eden, the 1.61 hectare property is in North Shore, about 700m by boat across the Noosa River from the Spit and the popular Hastings Street area.Agent Adrian Reed, who’s marketing the property with Reed and Co colleague Darren Neal, told The Courier-Mail that the property at 2 Frying Pan Track was not just a premium size but in a premier position. A master suite that dreams are made of.last_img read more

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Klaipeda LNG terminal fully booked until October 2020

first_imgImage courtesy of Klaipedos NaftaCapacities at Lithuania’s first and only import terminal in the port of Klaipeda have been fully booked until the end of the gas year 2020.Klaipedos Nafta said on Monday that the terminal was fully booked for the rest of the gas year which is calculated from October 1 until September 30 of the following year.In April, about 1.48 TWh of gas were regasified at the LNG terminal (28.3 percent more than in April last year), and in May, a total of 1.75 TWh of gas were regasified (21 percent more than in May 2018).June was even more efficient for the terminal. It accepted two big gas carriers with 278,000 cbm of LNG and three small gas carriers with 28.500 cbm of LNG. Since the beginning of this year, Klaipėda LNG terminal accepted 23 gas carriers.Arūnas Molis, head of Klaipėda LNG Service of KN, said: “The demand of Klaipėda LNG terminal is determined by the favorable situation in the international markets. June was the most intensive month in terms of the use of the terminal, what considerably determined the growth of the regasification indicators.”In June, the LNG terminal reached its record scope of activities – about 2.4 TWh of natural gas were regasified and submitted to the natural gas transmission system, which is approximately the same as the total amount of gas during the first summer month consumed in all the three Baltic States.In June this year, the regasification amount was almost 200 percent higher than in June last year when a total of 0.8 TWh of gas were regasified.In July, the terminal is planning to accept two big and two small gas carriers. Repair works of the gas transmission point from Belarus to Lithuania is scheduled this month. Therefore, the gas to Lithuanian consumers will be submitted only from Klaipėda LNG terminal during a three-week period.Also during July, the world’s largest LNG feeder and bunker vessel Kairos will arrive at Klaipėda. As of September 30, ten percent of the shares of the vessel will be held by German company Nauticor under the agreement concluded in April.The vessel Kairos, which will arrive in July to Klaipėda for the fifth time, will perform a reload operation from the FSRU based in the Klaipėda LNG terminal to the onshore LNG reloading station located at the gateway of the Port of Klaipėda.last_img read more

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The bewildering politics of gender pronouns

first_imgStuff co.nz 4 July 2020Family First Comment: “There are now many other options, including but not limited to: ze/zir/zir/zirs/zerself; ze/hir/hir/hirs/hirself; ey/em/eir/eirs/emself; ve/ver/vis/vis/verself; ne/nem/nir/nirs/nemself; xe/xem/xyr/xyrs/xemself. Yes, there are more. Everyone should start learning ze above for zemselves because more workplaces – especially government workplaces – are asking staff to use them. For example, the State Services Commission – the government agency tasked with overseeing the State sector of New Zealand’s public service – has asked government employees to include their own gender pronouns in their email signatures.”OPINION: Usually, email invitations to complete online surveys end up in the same folder as the emails from the Nigerian princes – the folder called Trash.This time, however, I thought I’d complete an online survey because it related to a virtual conference I attended – one of the many consequences of Covid-19.The survey questions and options for answers were standard until I got to the gender tick box.Rather than just male or female, I was now presented with multiple options. I can’t remember exactly how many were listed, but perhaps it was about 10.Yes, you read correctly – there were 10 or so gender options to choose from and one could select one or more of the options. Male and female is so 1990s – in 2020 you can be both or more.Just as well this survey wasn’t from New Zealand because the list would have been even longer. For example, the Ministry of Health recognises the following transgender categories: aikāne, akava’ine, fa’afafine, faafatama, fakafifine, fakaleiti, gender diverse, genderqueer, māhū, non-binary, palopa, takatāpui, tangata ira tāne, trans, transsexual, vakasalewalewa and whakawahine.Going back to the survey, logically following on from the gender tick box was the gender pronoun list of options. Gender pronouns are words used to refer to people, eg she/her, he/him, or they/them. However, just like the previous question, the number of gender pronouns to choose from was exhaustive.Using the following example of he (subject pronoun) / him (object pronoun) / his (possessive adjective) / his (possessive pronoun) / himself (reflexive pronoun), there are now many other options, including but not limited to: ze/zir/zir/zirs/zerself; ze/hir/hir/hirs/hirself; ey/em/eir/eirs/emself; ve/ver/vis/vis/verself; ne/nem/nir/nirs/nemself; xe/xem/xyr/xyrs/xemself. Yes, there are more.Everyone should start learning ze above for zemselves because more workplaces – especially government workplaces – are asking staff to use them. For example, the State Services Commission – the government agency tasked with overseeing the State sector of New Zealand’s public service – has asked government employees to include their own gender pronouns in their email signatures.The Commission said that when “cisgender people include pronouns, it normalises it for everyone and protects trans and gender diverse people when they include their pronouns” and that having “pronouns in an email signature signals you as an LGBTQIA+ ally”.More importantly, the commission says that if anyone suffers “negativity for using your pronouns in your workplace” they should report it to their team leader or HR department.READ MORE: https://www.stuff.co.nz/manawatu-standard/opinion/300047913/the-bewildering-politics-of-gender-pronounsKeep up with family issues in NZ. Receive our weekly emails direct to your Inbox.last_img read more

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