CUInsight Minute with Lauren Culp – March 27, 2020

first_imgWelcome to the CUInsight Minute, sixty seconds from our Publisher & CEO Lauren Culp with the top three of our favorite things from the week.Mentioned this week:*Consider mindfulness & meditation to manage stress and anxiety during challenging times. Here are 7 apps that can help. Are You Leading Through the Crisis … or Managing the Response?by ERIC J. MCNULTY and LEONARD MARCUS, HBRThe coronavirus crisis, like every crisis, is unfolding over an arc of time with a beginning, middle, and end. It is useful to think what distinguishes what was, is, and will be. (read more)Leading in crisis – lessons learned in the aftermath of the 1995 OKC bombingby AMY DOWNS, Allegiance Credit UnionIn a single moment everything changed at my credit union. At 9:01 a.m. on April 19, 1995 we existed to serve the federal employees in the Alfred P. Murrah building. At 9:03 a.m. the building was gone and 18 of our 33 employees had been killed with 5 others seriously injured. We learned firsthand about crisis management. (read more)Kanban for Kids (or “How I used agile to become a homeschool parent in 24 hours”​)by MEGHAN MCINERNYMy kids’ schools are closed until at least April 6th, and likely longer. By 5pm on Monday, March 16 — the first day of homeschooling in our house — my kids and I were already snapping at each other. I looked at them and said, “If this is how we feel after one day, we’re in real trouble.” (read more) ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Lauren Culp Lauren Culp is the Publisher & CEO at CUInsight.com.She leads the growing team at CUInsight, works with organizations serving credit unions to maximize their brand and exposure, connects … Web: https://www.cuinsight.com Detailslast_img read more

eStatements: Get your members to make the switch

first_img continue reading » Paper, ink, and postage have a cost. But let’s face it, sending out paper statements isn’t just costly, it’s outdated. It takes time. Stapling, folding sheets, stuffing envelopes and posting? There are way more important things to be doing with employee time.People are more environmentally conscious. They don’t like paper clutter. COVID-19 has made it even harder to get stuff done. Your time and resources are better spent elsewhere right now. And people don’t want mail germs, so they’re going online more than ever.For these reasons and more, a lot of credit union members have already opted to accept paperless, a.k.a. e-statements.eStatement conversions save a chunk of change and shrink your environmental footprint. But how do you convince the rest of your customers to make the switch? ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Chef Lionel Levy: Defend ancestral recipes

first_imgThe Croatian National Tourist Board, in cooperation with the Croatian Chamber of Trades and Crafts, organized “Croatian 365 Gourmet” workshops in Osijek and Zagreb.Thus, the workshop in Osijek was held on Thursday at the Museum of Taste, while the workshop in Zagreb took place yesterday at the Westin Hotel. The speakers at the workshops are top chefs Michelin Lionel Levy and Filippo Saporito, and the workshops themselves provide top educational content and information on world trends in the gastronomy and oenology segment, including marketing.”It is an exceptional honor for the Museum of Taste, as the best restaurant in Slavonia and the Danube region, to have hosted such an event, which was held in Slavonia for the first time. It’s a great feeling to cook together with top world names in the kitchen of the Museum of Taste “, pointed out Mirta Glavašić, marketing manager of the Museum of Taste.At the workshops, participants had the opportunity to listen to lectures on world culinary trends, local cuisine, modern confectionery, pairing food and wine, and restaurant management. Chef Lionel Levy from Marseille, talked about the preservation and identity of traditional cuisine and how to refresh the menu with modern techniques. His message was “Defend the recipes of your ancestors!”A strong message from chef Lionel Lavy that can certainly be interpreted as the philosophy of the whole tourism because that is exactly the very meaning of tourism. People travel to get to know new ways and culture of living, and authenticity is the very essence of tourism. “You must never forget who you are, what you are and where you come from and your skills with local products. I would not want Croatian chefs to make the same mistake as Italian or Spanish, who try to satisfy tourists and forget the tradition. It is important to protect and defend the recipes of your ancestors, otherwise they will get lost. I understand that you want to survive as a tourist, but you have to speak realistically to tourists”Said Lionel Levy, adding that French cuisine, although it has a huge tradition, was once strongly influenced by foreign cuisines, especially Spanish, but they managed to break away from those influences and return to their roots. Interestingly, the night before, Lionel Levy, was at a dinner where he tasted fish perkelt. This prompted him to modify this traditional Pannonian specialty a bit, and he mixed the pasta with fried bacon together with the cream in a blender, thus giving the fish perkel a new dimension.Chef Lionel Levy / Photo: Museum of TasteChef Filipo Saporito, whose last name is “delicious” in Italian. It comes from the gastronomic region of Tuscany and has Sicilian roots. It is crowned with one Michelin star. He stressed that we need to be open-minded and we need to look for inspiration in local foods and show our character through food. He emphasized that Tuscany as a tourist region has both culture and history, but that good food is still the main motive for tourist arrivals.Chef confectioner Yoan Dessarzin is an advocate of patience and passion for work. He believes that it takes time to gather knowledge and experience for a quality continuation of work and the creation of new desserts. Gabriel Vasquez, a gastro-marketing consultant, also joined us, emphasizing that we need to convey the real moment of our everyday life in the restaurant. He pointed to the marketing power of social media and how we can portray emotion through a story that portrays our vision and the values ​​represented.The sommelier Mira Šemić and Sandi Paris, a four-time winner of the national championships of the best sommelier, who represented Croatia at numerous European and world sommelier competitions, also participated in the workshop program. By the way, the Croatian National Tourist Board organized the same workshops in Split and Opatija in June, and now it has completed a whole cycle of excellent workshops in Osijek and Zagreb.Authors: Mario Jukić / HrTurizam.hrlast_img read more

Mali Lošinj received recognition for responsible tourism management

first_img/ / / Lošinj Tourist Board made an “Insurance Policy” for guests in the case Thus, the Mali Lošinj Tourist Board received recognition for the protocol that it devised in cooperation with the City of Mali Lošinj, the Epidemiological Service and other stakeholders in the destination in case of suspicion of COVID-19 infection. / / / DALIBOR CVITKOVIĆ, TZ MALI LOŠINJ: WE ARE MUCH SMARTER AND READY FOR THE CHALLENGES OF TOURISM IN THE TIME OF CORONAVIRUS As we have written, the plan envisages a kind of “Insurance policy”, That is, monetary compensation for the damage to the tenants of private accommodation and the costs of self-isolation of the guest, quick coordination of the authorities in case of suspicion of infection, as well as safe return to the home country.” Photo: Lošinj Tourist Board And how they are preparing for next year on Mali Lošinj, find out in a recent interview with Dalibor Cvitković, below in the attachment. In addition to the above, the award was given for the unique FERRY FREE action in which everyone participated – from large tourist organizations to small renters. All guests who stayed on the island of Lošinj for more than 7 nights in commercial accommodation in September received a reduction in the final accommodation bill in the value of the return ferry ticket. / / / Mali Lošinj Tourist Board co-finances return tickets for the ferry – FERRY FREEcenter_img “The Tourist Board of the City of Mali Lošinj is recognized as a driver of change that leads to making tourism more sustainable by taking responsibility for reducing the negative and increasing the positive effects of tourism”Concludes Cvitković. This year, due to the pandemic caused by the coronavirus, the award ceremony was held online and the fair itself took place from 9 to 11.11 November. maintained virtually, for the first time in 40 years. Encouraged by the situation, the judges decided to commend the companies and destinations taking responsibility and address the global COVID-19 challenge and highlight the companies and destinations that have taken responsibility and addressed the many challenges of this pandemic. “Responsible tourism is what we do together in a destination to achieve a goal. The term “sustainable” is too often used only in an abstract sense. Sustainability is ambition, and responsibility requires us to show what we do to make tourism better and to be more transparent in what we achieve, together”Dalibor Cvitković, director of the Tourist Board of the City of Mali Lošinj, pointed out The Responsible Tourism Partnership has been awarding the WTM Responsible Tourism Awards for years as part of the World Tourism Fair in London. Among the prominent ones this year was the Tourist Board of the City of Mali Lošinj for responding to the challenges caused by the COVID-19 virus.  Cover photo author: Sandro Puncetlast_img read more

Dutch construction sector scheme boosted by commodities, EM

first_imgIt attributed the 8.3% result of its hedge funds investments largely to distressed debt and relative value credit strategies.BpfBouw’s opportunities portfolio – which invests in film and pharmaceutical rights as well as energy infrastructure – lost 15%, but was the only loss-making allocation. It said a revaluation of an “energy-related investment” was the primary cause of the loss.The industry scheme said it left its strategic investment policy as well as its risk attitude unchanged last year, maintaining its strategic asset allocation of 42% fixed income, 27% equity, and 20% property.It said it also kept the level of its interest risk hedge at 42.5%, in anticipation of possible stagnation in the wake of the UK’s decision to leave the EU. Its regular hedging policy provides for an increase if interest rates rise, and vice versa.BpfBouw kept a full currency hedge in place for its fixed income investments, but reduced the currency cover for its equity holdings to 80%, as it deemed the currency risk for equity to be lower. It reduced the hedge even lower – 64% – for investments in the ‘safe haven’ of the US dollar.Last year, the scheme increased its stake in green bonds from €155m to €298m.It also said it had improved its governance by appointing two external experts for financial risk management, outsourcing policy and IT on its board.BpfBouw said it had also tightened its requirements for strategic outsourcing partners. The measures were taken in the wake of an investigation by supervisor De Nederlandsche Bank into the pension fund’s investment policy and risk management, it said.The pension fund posted administration costs per participant of €101. It said it spent 55 basis points on asset management costs and 11 basis points on transactions.It didn’t grant any indexation and said that the inflation compensation in arrears had increased to approximately 7.5%. At June-end, its coverage ratio stood at 110.1%. BpfBouw, the €54bn pension fund for the Netherlands’ building industry, made double-digit returns from commodities, private equity, property, and emerging market debt and equity in 2016.The fund’s annual report for 2016 showed an overall net yield of 12.2%, in part thanks to a 1.8% return from its derivatives holdings. A 1.5% loss on its currency hedge was more than offset by a 3.3% profit on its interest rate hedge.It achieved positive results on almost all asset classes, with the best results delivered by commodities (18.6%), private equity (15.2%), emerging market equity (14.9%) and emerging market debt (14.8%). Property gained 12.1%.BpfBouw said its allocation to predominantly non-listed infrastructure projects generated 10.9%, citing the impact of low interest rates on the cashflows for its investments.last_img read more

5 things to keep in mind when renting out the family home

first_imgPUTTING your home on the rental market is a decision that will affect many of Cairns’ transient population and, if managed correctly, could be a driver of great financial and economic wealth.First National Real Estate chairman and head of the group’s Cairns Central franchise David Forrest said there were five important things to keep in mind when exiting the family home and getting it ready for a tenant.He said one of the biggest decisions to make was whether being a landlord made financial sense.“There are upfront costs such as insurance and tax implications, so it is essential that you talk to a qualified financial advisor or to your accountant before making any decisions,” he said. “Go through your finances carefully and plan your cashflow to ensure you allow a buffer for those unexpected occurrences which life gifts to us from time to time. “Some property quirks are overlooked by owners but will be picked up instantly by paying tenants. By talking to a real estate agent, you will gain a thorough understanding about your legal obligations and rights.“While you may have spent many happy years there, your connection to the property is likely to be emotional. “Try to take a step back and see it from a potential renter’s perspective. “Are there obvious cosmetic improvements that need to be made in order for it to be more appealing? Should it include furniture or would unfurnished be a better option? “Is everything in full working order? You don’t want the stove to suddenly fail or the air conditioners to stop working during the height of the wet season, so you will need to prepare in advance.“When assessing your plan, keep in mind that property investment is a long-term decision which needs to be carefully considered.”Under law, rented homes need to adhere to strict legislations such as installing working smoke alarms and a pool fence which has been approved by the relevant authorities.Owners can also make your property more appealing by including items such as pool maintenance or lawn/garden care in the tenancy agreement. Then there is the issue of allowing pets. More potential tenants will be drawn to your property if you do allow them.More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days agoMr Forrest said it was also important to make sure you have fully considered how much you’re charging per week, so you don’t price yourself out of the market.“Your agent will be able to bring you up to date with market facts such as vacancy rates and rental returns,” he said.“As well, make sure you are organised and have copies of everything filed in a safe place. Make sure you select an agent that does proper tenancy checks and is a member of a national tenancy database.“They should also check past tenancies and the employment status of applicants. “Time spent at this stage of a tenancy is important and can save you from encountering problems down the track.“As long as you get professional advice from an accountant, financial advisor, finance broker and real estate agent, your home could provide a nice little nest egg.”last_img read more

Higher bunker costs hurt Hapag-Lloyd’s earnings

first_img Posted: 4 months ago As explained, this had a negative impact on earnings, as did a devaluation of bunker inventories of around $64 million due to the rapid decline in crude oil prices that began at the end of the first quarter. In the first quarter of 2020, Hapag-Lloyd’s bunker costs increased by $98 to $523 per tonne as a result of the transition to low-sulphur fuel oil (LSFO). Consequently, the company’s transport expenses rose by almost 10 per cent. Categories: The group net result declined by 82 per cent to approximately $27 million in Q1 2020 from $109 million seen in Q1 2019. The International Maritime Organization’s (IMO) new rule mandating lower sulphur emissions from the shipping sector went into effect on 1 January 2020. In order to comply with the new regulation aimed at reducing marine pollution, shipping companies around the world either switched to LSFO or installed scrubbers on board their vessels. This means that Hapag-Lloyd still continues to expect EBITDA of €1.7 (about $1.8 billion) to 2.2 billion and EBIT of €0.5 to 1.0 billion for the current financial year. On the other hand, revenues in the first quarter of 2020 increased by around 6 per cent to $3.7 billion from $3.5 billion reported in Q1 2019. This can primarily be attributed to a 4.3 per cent increase in transport volumes to more than 3 million TEU, and an improved average freight rate of $1,094 per TEU, according to the company. Taking into account the prevailing uncertainties and building on the planned cost-cutting measures as well as based on the premise that the pandemic will peak in the second quarter and give way to a gradual recovery in the global economy in the second half of the year, the company’s executive board has substantiated its earnings forecast from the start of the year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) decreased by 38 per cent to $517 million in Q1 2020 from $556 million posted in the corresponding three-month period a year earlier.  Business & Finance Posted: 4 months ago “The financial result is below the first quarter of the previous year as we faced higher bunker prices after the new IMO 2020 rules on 1 January and we had a significant negative bunker stock valuation after the decline in crude oil prices at the end of the first quarter,” he added. Hapag-Lloyd gets 2020 off to a decent start despite COVID-19 “Although we were able to pick up a bit of tailwind at the beginning of the year, we anticipate that the coronavirus pandemic will have very significant impacts in 2020, beginning in the second quarter,” Hapag-Lloyd CEO added. Afif containership. Image Courtesy: Hapag-Lloyd The majority of Hapag-Lloyd’s vessels started sailing with the new low-sulphur fuel oil, resulting in higher fuel prices. In order to cope with the additional costs projected at around $1 billion per year, the carrier introduced an IMO 2020 Transition Charge (ITC) in December last year. He revealed that the company would launch cost-saving measures in order to stay afloat during the coronavirus pandemic.  long read Outlook for 2020 “We have taken a wide range of measures designed to save an amount in the mid-triple-digit million range to safeguard our profitability and liquidity.” “We adjust our service network to the lower demand and seek savings in all cost categories, from terminal, transport, equipment and network costs to overhead.” “Despite the coronavirus pandemic, we have gotten the year off to a good start. Higher transport volumes and better freight rates have boosted our revenues,” Rolf Habben Jansen, Chief Executive Officer of Hapag-Lloyd AG, commented. Cost-saving measures and the corona crisis Hapag-Lloyd has a fleet of 248 containerships with a total transport capacity of 1.7 million TEU. In addition, Hapag-Lloyd has a container capacity of approximately 2.6 million TEU. Hapag-Lloyd CEO: We are well-positioned to weather the storm For Q1 2020, Hapag-Lloyd recorded earnings before interest and taxes (EBIT) of $176 million, which is a drop of 67 per cent compared to the corresponding prior-year figure of $243 million. However, unless there is a recovery in demand for container transport services earlier and stronger than expected in the market studies cited in the financial report for the first quarter 2020, the upper end of the forecast ranges is barely achievable from today’s perspective, the company concluded. German shipping major Hapag-Lloyd felt a negative impact of higher bunker prices in the first quarter of this year as it reported lower earnings. last_img read more

LIQUOR BAN BACK IN ILOILO CITY

first_imgTo recall, Treñas ended the restriction on alcoholic beverages on June 15, saying the move would gradually ease the city to the “new normal” and slowly revive the local economy./PN ILOILO City – Starting today, the sale and consumption of liquor in this southern city will be prohibited once again.  “Let us not make it hard for our medical frontliners to manage the cases because if they all get tired there will be no one left to save us from this adversity,” said Treñas.   In Executive Order (EO) No. 113 issued yesterday morning, Treñas cited recommendations from different sectors he consulted.  Establishments providing for essential goods shall be allowed to accept persons above 70 years of age during the first hour of operations. Succeeding operating hours shall be dedicated for all other patrons. “This [liquor ban] lessens unnecessary social gatherings which will be of great help for us to contain the virus,” said Treñas. “In Manila, hospitals are getting full and medical frontliners are getting tired,” the mayor pointed out during Monday’s flag-raising ceremony. As of Aug. 3, Iloilo City has a total of 104 confirmed cases. Of the 104, 57 were active while 42 already recovered and five died. Thus, he reinstated the prohibition for two weeks. RESTRICTION TO MOVEMENT Mayor Jerry Treñas does not want the city to be falling into a “dire” situation similar to Metro Manila – the country’s original epicenter of coronavirus disease 2019 (COVID-19) outbreak. Under the EO entitled “Safety Guidelines for Iloilo City,” the city mayor also ordered all persons and establishments, whether public or private, to observe the 10 p.m. to 4 a.m. curfew from Aug. 4 to 18.  He urged Ilonggos: “Cooperate with us by following all our health protocols.” Meanwhile, those 70 years old and older and those aged below 21 years are not allowed to leave their houses except to buy or secure essential goods such as food, and medicine, or to seek medical attention at hospitals or clinics. The EO likewise reiterated the implementation of health standards like strict physical distancing and provision of hand sanitizers or alcohol and among others in all establishments here. Under the EO, all employees aged 55 years old and above are allowed to avail themselves of work from home arrangement. BUYING FRENZYA store personnel loads boxes of alcoholic beverages into this man’s pedicab on Ortiz Street, Iloilo City on Monday, a day before the city government reinstated a two-week prohibition on the sale and consumption of liquor. IAN PAUL CORDERO/PNlast_img read more

Woman killed in front of her children and authorities while fleeing husband

first_imgThe Dawson County Sheriff’s department is reporting that a woman was gunned down in front of a fire station while fleeing from her husband.The incident occurred around 7:00 pm Monday in Dawson, Georgia.Jeff Johnson of the Dawson County Sheriff department, told the media that they received a call from the victim just before she pulled into a fire station with her husband in hot pursuit.The victim pulled into the station with her children ages 5 and 8 but did not have a chance to get out of the vehicle. Moments after they pulled into the stations, the husband approached the vehicle and shot the victim.Fire Chief Danny Thompson reported that the incident happened so quickly that there was nothing any of the fire fighters could do.The victim was transported to an area hospital where she was pronounced dead. Her husband surrendered at the scene and was taken into custody.Neither child was injured during the incident and have since been placed in the state’s care.Authorities have not released the names of those involved.last_img read more

Industrial Safety Supplies Inc. donates 30 cones to mark race route

first_imgAS preparations continue for the historic hosting of the 13th edition of the Junior Caribbean Cycling Championships under the auspices of the Caribbean Cycling Federation (CCF), Guyana Cycling Federation (GCF) has been boosted by the support of another corporate partner.On Friday afternoon, GCF president Horace Burrowes was presented with 30 cones that would be used to mark the turn back point of the race route in Bartica, which would be hosting the event from August 10 to 11 next, in association with the Mayor and Town Council (M&TC) and National Sports Commission.Crystal Kallu, Administrative Assistant of Industrial Safety Supplies Inc., in handing over the items to Burrowes stated that they have been very supportive of sports and the development of young people and they had no hesitation in partnering with the GCF to bring off this event – the first time Guyana would be hosting same.“It is an absolute pleasure for Industrial Safety Supplies to be making this contribution to this championship which we are told would be attracting about 20 nations. The safety of the riders is of importance and therefore we trust that our contribution would go some distance in ensuring a safe and enjoyable championship for all the cyclists, male and female.”President Burrowes in response, thanked Ms Kallu and Manager of Industrial Safety Supplies, Hemant Narine, for coming on board without hesitation and promised that the cones would not only serve to ensure a well-run Junior Caribbean Championship but that the items would also help to enhance races that would be held locally.“The GCF would like to express sincere gratitude to you for this contribution. It is true that Guyana would be hosting thos championship for the first time in our history and we therefore want it to be the best ever in the history of the CCF. We can assure you that your partnership has taken us a step closer in achieving this objective.”last_img read more