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Seasonal seller

first_imgAlthough available all year round in frozen or dried form, fresh cranberries are in season now. Native to North America, they are the fruit of low-growing, creeping shrubs that grow in acidic bogs. When the fruit turns red in early October, the beds are flooded and a harvester removes the fruit from the vines. The fruits are graded for quality and 95% are used for drinks, sauces and sweetened dried cranberries. The best quality are sold fresh or frozen.Cranberries, when ripe, are acidic and need a fair amount of sugar to counteract the sharpness. They can be used in muffins, loaf cakes and breads, in tarts and pies, cakes and cheesecakes. They mix very well with orange zest and juice, apples, dark and white chocolate, ginger, cinnamon, almonds, hazelnuts and pecans. They can look spectacular cooked with a little sugar and used as a glaze on a rich decadent chocolate cake. Or, as a different take on a Bakewell tart, a few can be mixed with raspberry jam and spread on the pastry base before topping with frangipane.Make a cranberry and apple tart or crumble by mixing apples with cranberries, pecans and cinnamon. They can also be added to mincemeat just before using in mince pies for a Christmas twist.In season: end of October – end of DecemberBy Fiona Burrell, co-author of Leiths Baking Bible, from the world-famous Leiths School of Food and Winelast_img read more

Press release: Foreign Secretary comments on attempted missile attacks against Saudi Arabia

first_img Follow the Foreign Secretary on Twitter @BorisJohnson and Facebook I was appalled by last night’s multiple Houthi missile launches at Saudi Arabia, which threatened civilian areas and resulted in at least one fatality. I offer my condolences to the families of those killed and injured. Building on the recent UN Panel of Experts report, we will be calling on the UN to investigate how these latest missiles found their way into Yemen in contravention of Security Council Resolutions. The United Kingdom stands shoulder to shoulder with Saudi Arabia in the face of such serious national security threats. Those responsible must cease these dangerous and provocative actions. A return to political dialogue remains vital to ensuring an end to the conflict for the sake of the Yemeni people and regional security. British nationals in Saudi Arabia should continue to follow FCO Travel Advice. Further information The Foreign Secretary and Development Secretary issued a joint statement on the anniversary of the conflict in Yemen, available here Follow the Foreign Office on Twitter @foreignoffice and Facebook Media enquiries Follow the Foreign Office on Instagram, YouTube and LinkedIncenter_img In its latest report published 26 January 2018, the UN Panel of Experts found Iran to be in non-compliance with paragraph 14 of resolution 2216 (2015) for failing take the necessary measures to prevent the direct or indirect supply, sale or transfer, of extended range short-range ballistic missiles to the Houthi-Saleh forces Notes to Editors Email [email protected] For journalists Foreign Secretary Boris Johnson said:last_img read more

Gettysburg, addressed

first_imgGETTYSBURG, Pa. — One hundred and fifty years ago, on the eve of the epic Civil War battle that bears its name, Gettysburg was a farming town of 2,400 people. After three days of fighting, for each one of those residents, 20 Confederate and Union soldiers were dead, wounded, or missing. The casualties totaled 46,000, the most of the war in one battle. There were 8,000 dead.The carnage from the pivotal July battle prompted President Abraham Lincoln to visit in November to dedicate a national cemetery. Toward the end of the ceremony, he delivered his landmark Gettysburg Address, 270 words that strove to give meaning to death on a vast scale and to enlist the dead in a higher national purpose, for “a new birth of freedom.”To honor the battle, remember the soldiers, and commemorate the 150th anniversary of the address, Harvard President Drew Faust and other dignitaries took the stage Monday for a panel discussion about “These Honored Dead: Death and Rebirth in the Civil War,” an event sponsored by the Gettysburg National Military Park, the Gettysburg Foundation, and Gettysburg College. Hundreds of listeners filled the visitors’ center from end to end.In addition to Faust, the panel included documentarian Ric Burns, who worked with his brother Ken to produce the 1990 classic television series “The Civil War,” and Admiral Mike Mullen, chairman of the Joint Chiefs of Staff from 2007 to 2011, and a Vietnam veteran.Admiral Mike Mullen (from left), Harvard President Drew Faust, and documentarian Ric Burns conducted a panel discussion about “These Honored Dead: Death and Rebirth in the Civil War.” Photo courtesy of the Gettysburg FoundationLast year, Burns released the Emmy-nominated documentary “Death and the Civil War,” a work based on a book by Faust. “This Republic of Suffering” is a study of death and remembering involving the Civil War. The New York Times named it one of the 10 best books of 2008.Gettysburg was the second and last major incursion of Confederate forces into the North. It brought the shock of conflict to the quietude of the Union and made the war national, said Faust. In turn, unintended effects of Gettysburg and other battles helped to make the United States modern, as a nation whose institutions grew up around the bureaucratic needs of dealing with death on a massive scale. The government had to handle federal pensions, hospitals, record-keeping, and other demands of scale.The United States also became a country where grieving the dead became a great project, transferring it from the scale of family to the scale of nation. Gettysburg was one of five national cemeteries created during the war at battle sites to honor the dead.“Their precious, precious blood” would live on, Walt Whitman wrote of the honored dead in an 1865 poem, “in unseen essence and odor of surface and grass, centuries hence.”Whitman was a nurse during the war. His knowing, elegiac voice is used to good effect in the Burns film, which was a fourth panelist in a way. Twenty-four minutes of clips led off the event, including the introduction of “the first war of the modern age,” as a narrator related. The segment on Gettysburg focused on its July death toll and the November address: 10 sentences that were both poignant and a call to action, Lincoln’s “unfinished work” of democracy.The genius of both the film and the book is to relate a republic’s pain in a series of stories about private suffering. “Dear Father,” begins a letter by Confederate soldier James Robert Montgomery, mortally wounded. “This will be my last letter to you.” Its two pages are spotted with blood.“What happened here 150 years ago was very close to the death of the American experiment,” Burns said. But Lincoln’s address helped to recast and revive sentiment for union, he said. Faust agreed.Mullen said the number lost in three days at Gettysburg is close to what America’s latest wars have cost in 12 years. “And yet the essence is still the same,” he said, “for any one of those families” that lost a soldier in Iraq and Afghanistan. During his tenure with the Joint Chiefs, Mullen wanted the country to see “the face of the war,” he said, “the essence of those costs. [But] it is too easy to forget, or to not have a stake. We’ve made it too easy on Americans to go to war.”The Civil War was different, joining citizens and soldiers in “the work of death,” said Faust, “to make some deaths in war have this larger perspective.” It is as if Americans back then were saying “We’re going to honor them best by being different ourselves.”During the war, 750,000 Americans died from combat and disease, 2.5 percent of the population. In the South, among men of military age, 20 percent died.On that commemoration day in 1863, 4½ months after fighting ceased, Lincoln’s higher sense of purpose was accompanied by the stark reality that half of the battle’s dead were still unburied. Until frost that year, residents of Gettysburg applied peppermint oil under their noses to quell the odor of death.Faust suggested that Americans 150 years after the Gettysburg Address had let slip some sense of national purpose, one in which the Union would be a model of democracy for a world in need of it. Lincoln “thought we were a project as a nation,” she said, in a 19th century world where democracy was faltering and “becoming very rare.”Mullen lamented the present-day absence of “some kind of call to action, public speaking that calls to action.”Faust explained the context of the speech 150 years ago, marveling again at the power of history “in getting us to a deeper place.” Lincoln had toured the battlefield before delivering his address, including the spot at Herbst Woods where his friend Maj. Gen. John F. Reynolds had died on July 1. Lincoln added the phrase “under God” to his address after seeing where his friend had fallen.“Lincoln was so moved by being here,” said Faust. “From the very start, this place has had … a miasma of meaning, a miasma of requiring something of us.”Mullen concurred, picking a line from the address that goes deep to his sense of purpose in the military: “That we here highly resolve that these dead shall not have died in vain.” Americans under arms today are, as always, young, with an average age of 20 and 21, “and not a single one has ever died in vain,” Mullen said of their devotion to national purpose. Mullen feared the day “we lose that as a nation.”Gettysburg has another role in history, too, “to show what you choose when you choose war,” said Faust, remembering the scale of death’s storm that unfolded there. “Let the costs be clear.”last_img read more

See Broadway’s Penn & Teller Honored by NYC Council

first_imgNo tricks here, just a a treat! Penn & Teller, the illusionists currently making magic on the Great White Way, were honored by Ben Kallos, Council Member of the 5th District, for their 40th anniversary of thrilling audiences. As you probably know, the duo has deep roots in the City That Never Sleeps with several hit engagements under their belts…but nothing up their sleeves! Check out this pic of the pair getting all fancy with an official city proclamation, and catch them at the Marquis Theatre before they disappear (a.k.a. go back to Vegas) on August 16. Congrats, gentlemen! Related Shows View Comments Penn & Teller Show Closed This production ended its run on Aug. 16, 2015last_img

On the Blogs: Texas Grid Operator Has Solar Replacing Coal

first_img FacebookTwitterLinkedInEmailPrint分享Katherine Tweed for GreenTechMedia.com:In the next 15 years, Texas expects to add somewhere between 14 and 27 gigawatts of solar capacity, according to a new long-term system assessment from the state’s grid operator, ERCOT.ERCOT is considering eight different scenarios, such as continued low natural-gas prices or extreme weather. Under all scenarios, solar makes up nearly all of the new capacity. In all of the scenarios, ERCOT assumes that changes to the U.S. Environmental Protection Agency’s regional haze rule will go into effect. Those changes are expected to make the rule more stringent and impact power producers with emissions that affect air quality.As more solar energy comes on-line, coal will retire. About 5 gigawatts of coal are expected to go offline in the next five years because of the regional haze rule, according to ERCOT’s assessment. Even without the regional haze rule, some coal will retire anyway.Full Article: Solar Will Replace Nearly All Retiring Coal in Texas On the Blogs: Texas Grid Operator Has Solar Replacing Coallast_img read more

6 EASY COCKTAIL RECIPES FOR YOUR NEXT BACKCOUNTRY HUT TRIP

first_img*Ignite cinnamon stick and smoke the glass while preparing cocktail. Pour cocktail into smoked glass. ELEVATION REMEDY 1 oz Breckenridge Espresso Vodka Top with coffee Breckenridge Distillery- Earning your turns in the backcountry requires sacrificing some luxuries. But, something that you don’t need to sacrifice is a spectacular après cocktail to cap your amazing day. Leave the Kool-Aid drink mix, Country Time Lemonade powder, and Crystal Light squeeze bottles at home. Instead, think ‘elevated cocktail experience’ and pack ingredients like a mini bottle of bitters for an Old Fashioned or cinnamon sticks for a hot smoked cider. Breck Distillery’s Liquid Chef Billie Keithley created 6 easy cocktails to take your drinking experience to new ‘elevations.’ Photo Credit: Jessie Unruh/Breckenridge Distillery & Ian Fohrman/The Public Works TIP: Cinnamon sticks are flammable. Use them to help start your fire, as a potpourri for the hut, or as the perfect garnish or added flavor to your cocktail. *Pack a mini bottle of bitters. Recycle your orange peels and use berries from your trail mix. CABIN TEA TIP: To make a smoked cocktail, use a smoking log from your fire. Safely remove the log, turn the glass upside down over the smoke, wait a few minutes and add the cocktail mixture to the glass. Swirl it around to get that smokey flavor. Do the same thing with a cinnamon stick to add a cinnamon kick to your cocktails. See the Hot Smoked Cider below. *Shake all ingredients in water bottle. TIP: once the honey stick is empty, snip the other end of the honey stick and reuse it as a straw. Snowball Old Fashioned **Booze is not included in online purchases of this Backcountry Cocktail Kits Backcountry Tea 1 oz Breckenridge Vodka 6 oz hot water Teakoe Tea – Try it with the Berry Bodacious or the Nirvana Limòn Teas Honey stick, clip one end and put open end down Add a squeeze of lemon for added flavor 1 oz Breckenridge Vodka1 packet Emergen-C1 jelly packet6 oz water Optional: Smoke using a fire log The Breck Distillery offers their own Backcountry Cocktail Kit. These Backcountry Cocktail Kits make the Snowball Old Fashioned, Backcountry Tea and the Hot Smoked Cider. Our kits come with a 1000ml Breck Distillery water bottle | $30. Leave the heavy glass bottles behind and use a bladder or a light weight water bottle to transport your booze. Using a bladder allows you to collapse it and save room in your pack for the haul out. Note, one 750 bottle of booze typically serves 17 cocktails. Keep that in mind when you are trying to gauge how much to bring.No need to pack extra ingredients just for a cocktail. Reuse your snacks and tea bags. Use your orange peels for an Old Fashioned. Save some berries from your trail mix and add that as a delicious garnish. Reuse a tea bag more than once.Go mini. There are a ton of bitters companies that make mini bitters bottles. Check out Strongwater Herbal Bitters. If you can’t find one, take a small baggy of bitters.Use the environment. Melt and boil snow for extra water. Need ice? Get packing….snowballs, that is. If you can’t leave them outside overnight, pack the snowballs tight, otherwise they will melt quicker once dropped into your cocktail. Snow is the perfect chilling method.Pack items with multi-use (Emergen-C, coffee, bacon, ciders and teas).Don’t over pack ingredients and think small. You should be able to pack everything in one small baggy. HOW TO PACK YOUR COCKTAILS INGREDIENTS…EFFICIENTLY: When it comes to packing for après, keep it simple. Using fruit rinds, dehydrated fruits from trail mix, or snow can reduce the amount of ingredients you need to haul in. Read more below about how to efficiently pack your booze and ingredients. Hot Smoked Cider 1.5 oz Breckenridge Spiced Whiskey Apple cider packet 6 oz hot water *Smoke using a cinnamon stick 1.5 oz Breckenridge Bourbon.5 oz maple syrupTop with hot teaServe with a slice of bacon ESPRESS YOURSELF 2 oz Breckenridge Bourbon 1/4 oz maple syrup *3 drops of bitters *Orange zest *Dehydrated cherries Chill with a snowball Combine all ingredients and stir. Add Snowball to your cocktail.last_img read more

Latin American security forces uses Amber Alerts to locate kidnapped children

first_img T he Amber Alert system shows results in Mexico Amber alert rescues Mexico’s Amber Alert system has helped authorities rescue 105 children who were reported missing since its introduction in 2012, authorities said. Brazil is moving towards adopting the system as well. The Brazilian Congress is considering an initiative which would introduce the Amber Alert system into the country. About 10,000 children a year disappear in Brazil, and about 15 percent are found, according to the Movement for Creating the Amber Alert in Brazil. Amber alerts have helped authorities rescue children throughout Latin America. Among the rescues: • On Nov. 28, 2013, security forces in Mexico rescued Celeste Nohemí Pérez Méndez, a 13-year-old girl from Guatemala. Security forces found her in the town of Puerto Madero, Chaipas, six weeks after relatives reported her disappearance from Sector Méndez, a village in Guatemala. • On April 15, 2013, Salvadoran security forces rescued Valeria Hernández de Jesús, 4. Security forces found her after Mexican authorities issued an international Amber Alert. Security forces found her more than 1,200 kilometers from her home. By Dialogo January 31, 2014 How Amber Alert began center_img Not every case of missing child triggers an Amber Alert. Before law enforcement authorities issue one, • A law enforcement agency must have confirmed that the child was abducted. • The child must be at serious risk of death or injury. • Authorities must have enough information to issue an alert. This would include the description of the child, including the child’s age. Alerts could also include the name and physical description of a suspected kidnapper, and, if available, the type of vehicle and license plate the suspect is believed to be using. • The child must be below 18 years of age. • The parents or legal guardians of the missing child must file a report with law enforcement authorities. While Amber Alerts help authorities find missing juveniles, they do not apply to cases in which adults have been kidnapped. For example, in Mexico, Los Zetas, the Sinaloa Cartel, La Familia Michoacana (LFM) and other transnational criminal organizations have kidnapped tens of thousands of people since December 2006, when the federal government sent the military after the drug cartels. From December 2006 to December 2012, during the administration of President Felipe Calderon, relatives of victims reported 26,121 kidnappings, according to the National Human Rights Commission (CNDH). From January to June 2013, relatives of kidnapping victims reported 751 abductions, 122 more than were reported during the same period the previous year, according to the National Public Security System (SNSP). The number of kidnappings has surged dramatically since 2007, when 438 abductions were reported in Mexico, according to Reforma. One of the more notorious kidnappings in recent years occurred in 2008, when LFM operatives kidnapped and killed Fernando Marti, the son of businessman Alejandro Marti. The kidnappers killed Fernando even though his father had paid a ransom of $2 million. The Amber Alert system has helped security forces rescue 779 children in El Salvador, Colombia, and the Dominican Republic between 2002 and 2013. “As time goes by, clues, evidence, or any other circumstances that may allow us to locate the victims are lost. Therefore, the first few hours are critical for authorities,” said Mexico City deputy prosecutor Sulma Eunice Campos Mata. Amber Alerts immediately notify the public that authorities are looking for a missing child, she said. Campos Mata, who is part of a unit which provides services to crime victims, said that locating missing children quickly is crucial to ensure their safety. The Amber Alert system is a cooperative effort between law enforcement authorities and the press, including newspapers, TV news stations, radio news agencies, websites, and Twitter. When an Amber Alert is activated, security officials ask the media to broadcast that a child is missing. The alert usually includes the name of the missing child, a detailed description, and a photograph of the boy or girl authorities are looking for. Some of the rescued children were allegedly kidnapped by organized crime operatives who planned to use them for human trafficking. Some were abducted by sexual abusers. And some were taken by relative involved in custody disputes. Amber Alert criteria Amber Renee Hagerman, 9, disappeared while riding her bicycle near her grandparents’ house in Arlington, Texas on Jan. 13 1996. FBI agents and hundreds of volunteers from the community searched for the girl. Four days after Amber was last seen, authorities found her body in a drainage ditch near the home of her grandparents. She had been killed, officials said. During the search, some neighbors called Texas radio stations and suggested that the media issue special alerts when a child is reported missing. Following Amber’s death, Texas and other states developed Amber Alert systems. Latin American countries adopted Amber Alerts as well. The United States federal government invested $20 million into a national Amber Alert system in response to a law signed by then-President George W. Bush in April 2003. States used their funds to develop and enhance their local notification systems. Today, every state has an Amber Alert system. last_img read more

Mergers may be in your employees’ best interest, and here’s why

first_img 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Glenn Christensen Glenn Christensen is Founder and President of CEO Advisory Group the first Merger and Acquisitions consultancy focusing on the credit union industry.As a visionary and entrepreneurial leader with 25 … Web: www.ceoadvisory.com Details On the whole, credit unions are well known for taking care of not only their members, but their employees, too.There are all sorts of reasons for that, of course, with one of them being that employees who are taken care of are more likely, in turn, to take care of a CU’s members.As strange as it may sound, the concern your average credit union leader feels for the organization’s staff members sometimes gets in the way of them doing things that will, in the end, improve the lives of those same employees.A particularly noteworthy case in point: mergers and collaborative partnerships.After all, one of the main areas of concern (and also one of the main points of contention) for CU executives and board members while contemplating mergers and other such partnerships is employee welfare.The fact is, though, that mergers are likely to help credit unions–small and medium ones, especially–protect their staffers’ jobs while also offering them greater career, education and training opportunities as well as better compensation.That’s an important consideration given that while the movement, in general, has expanded its employment and compensation offerings over the last five or so years, there’s still a sizable number of CUs that have experienced the opposite–staff reduction and stagnant pay–in the same period of time.Before we talk further about why mergers could help credit unions in the latter category turn things around, let’s first look at what has been causing their downward compensation and employment trends.Workforce ReductionLet’s start with the staffing contraction that has impacted credit unions in general over the last five years–a contraction that can be blamed, in large part, on industry-wide profitability pressures.For example, a third of all credit unions (33 percent) reported a reduction in their FTE count during this time, while another third reported no growth at all for the same period. That means two-thirds of of the industry failed to grow at all between 2008 and 2013, for those of you keeping score.As for what’s been causing this stagnation, several factors seem to be at play, including:employee salary growth expectations,benefit cost escalation,the recession,NCUA Stabilization Fund assessments,changing consumer behavior,efficiency strategies, andprofitability challengesAll of the above have been especially troublesome for small credit unions, as those with less than $50 million in assets lost nearly 900 employees between 2008 and 2013.A different, but no more positive, perspective on the same trend: less than a quarter (23 percent) of credit unions with assets below the $50-million threshold reported a growth in employment during that period. In contrast, 79 percent of CUs with more than $500 million in assets increased staff.The latter’s likely responsible for the 11 percent in employment growth–which translates to about 25,000 additional jobs–the credit union industry experienced from 2008 to 2013, by the way. After all, CUs with over $500 million in assets currently account for well over half (56 percent) of all employees within the movement.A Quarter of a Million CU EmployeesWell over a quarter of a million (270,000) people are now employed by credit unions across the United States–which compares favorably with staff levels at some of the country’s largest banks. For instance, Bank of America, Citigroup and Chase currently have 245,000, 251,000 and 261,000 employees, respectively, according to Wikipedia.The largest employer in the CU movement at the moment: Navy Federal Credit Union, which boasts nearly 11,000 staff members. (And that number will grow by leaps and bounds within the next decade or so, as Navy FCU recently reported it plans to add 5,000 jobs in the Pensacola, Florida, market over the next 12 years.)As for other credit unions that employ a lot of people, the top 10 (as of 2014) can be found in the table below:Stagnant Salaries, TooCompensation within the CU space was similarly stagnant during the five-year period that ended in 2013.That’s not immediately apparent when reviewing the high-level stats related to credit union salaries, mind you. A case in point: total compensation for the industry grew by $3.7 billion, or nearly 30 percent, in the aforementioned period to nearly $17 billion.Also, average compensation per FTE increased from $55,981 to $64,983, which represents an annual growth rate of 3 percent. (The average inflation rate at this time was 1.6 percent.)Some of this compensation growth, however, was driven by increased costs related to healthcare premiums. According to Kaiser Family Foundation Employer Health Benefits Survey, healthcare premiums far exceeded the inflation rate between 2008 and 2013, with family healthcare premiums growing at an annualized rate of 5.2 percent.Additionally, according to this same survey, today’s employees are being asked to carry a greater share of healthcare premiums than they were in the past. Employee contributions for both single and family coverage have been growing at 6.7 percent and 6.4 percent, respectively.Consider the impact an average healthcare premium of $5,900 for a single person or $16,350 for a family has on credit union compensation strategy. For a small CU, this represents a significant portion of the organization’s total compensation. As a result, these credit unions must compromise raises, retirement contributions, richness of health plans and/or employee contributions to these plans.Despite the growing costs, only a third (37 percent) of all CUs reported an increased compensation per FTE. More specifically, although nearly 80 percent of credit unions over $500 million in assets reported increased compensation per FTE, only a quarter (26 percent) of those with less than $50 million reported increased compensation per FTE.All of which is to say that not only have smaller credit unions been forced to reduce their workforce in recent years, but many also have been unable to keep compensation level with inflation during that time.In SummaryAs an industry, credit unions are now major employers that have shown consistent job growth over time. Dig into the numbers associated with that growth, though, and you’ll find that this also is a story of the haves and have nots–as in, large organizations regularly are adding staff and average compensation, while smaller CU employment is regressing and average compensation is stagnant.Mergers very well could help credit unions in the latter category–and those in the former category, too, in fact–turn things around, thanks to their ability to expand employment, improve salaries and benefits and enhance training, career progression and promotional opportunities.last_img read more

10 Prime Characteristics among a High Character Virtual Data Repository

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Virtual data rooms are becoming more and more popular among businessmen all over the planet. Lawyers, investment bankers and top managers of firms are in a search of the functional and secure environment to store their documents and to fulfill the wide range of transactions. Hence, currently, virtual room providers offer extremely relevant programs as high-quality virtual data rooms are able to satisfy the requirements of the most demanding and difficult businessmen. In general, virtual platforms are supposed to bring the ease to business processes ran by firms, organizations, etc. security-online There are different pluses users may experience during the work inside a virtual data room:Protection of the dataA virtual repository is expected to ensure protection of secret and valuable corporate documents. All the files are watermarked, encrypted and are non-accessible for those who are not supposed to see them. The user authentication takes a few stages to eliminate the threat of, in example, logging in via stolen devices. Hence, the files are secured from internal misuses and external intrusions. In addition, regular backups save information from loss in a case of any malfunctioning.Time savingsA virtual room can be entered by numerous room users at one moment: such a characteristic provides employees with an opportunity to work with the information concurrently. Also, efficient functions of the virtual data room (integration with certain software, upload, search) allow to save a lot of time when it comes to execution of the automatic and habitual actions.Cost savingsAn organization of a virtual room is cheaper than an opening of a land-based data room: there is no need for renting a space, making hard copies of documents. Also, less employees are needed to ensure safety of the virtual platform.ConvenienceIntuitive interface is a trait that makes utilization of a virtual data room rapid and effortless. In a case no additional training is required room users have an opportunity to use the data room easily and concentrate on their duties, not on the technical traits immanent to the virtual repository.Convenient file systemA room supervisor is the one to come up with the logical scheme of data systematization: all the virtual copies of the files should be organized properly. Efficient search options such as filtering capabilities and full-text search ensures that the file system will be simple to navigate. Also, VDR users may be allowed to place links from a particular file to another and to mark certain documents.Restricted accessibilityA VDR provides its administrators with the right to decide what kind of VDR visitors can see what kind of documents and how long for. Hence, there are diverse levels of data disclosure and restrictions might be imposed on the selected users, clusters, files, folders, etc.Simplicity of cooperative workConsidering the fact that it is possible to open a data room for all the users who possess a login and a password, it is more convenient to get in touch with the partners. It is not necessary to meet personally if all the information can be shared and discussed inside a room.TransparencyRegular audit reports provide the room owners with the opportunity to follow the activity of all the visitors that have an access to a virtual repository. Hence all the actions which occurred in the virtual platform was memorized and in a case of conflicts, leakages or other problems the audit report may perform the role of evidence.Legal complianceVirtual room providers are the ones in charge of making all the data uploaded in the repository consistent with the legal requirements and standards. For this reason, the virtual data room owner has no reasons to feel uncertain about the proper formats of the documents and various legal troubles.24/7 supportA well-prepared support team and a dedicated project manager are expected to help users who work inside a virtual room almost instantly. Such attitude helps to fix unsuspected problems and to stave off a possible downtime. The benefits listed above allow you to realize how a decent virtual room will facilitate your performance and brace you in a course of a lot of deal-making processes. In addition to these benefits, diverse data rooms will offer you advanced and unique features. However you must be sure in your needs and to choose the VDR that does not dare to confuse you with unknown abbreviations and impress you with the options that you do not exploit. So, be attentive and choose the virtual room that meets your expectations.last_img read more

What credit unions can learn from Lending Club woes

first_img 5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr There are two prevalent attitudes in the credit union industry when it comes to technological innovations.  In the one group are relative newcomers to the banking world like myself – I’ve only been doing this for a mere 10 years – who see technology fundamentally changing where and how banking is done.  The other group is the crusty curmudgeons who pine for the days when underwriters didn’t use computers to figure out who qualified for a loan, but rolled up their sleeves and did their own due diligence.The last few weeks have been heady times for the curmudgeons.  Leading marketplace lender Lending Club forced out its CEO amid allegations of undisclosed interests and inaccurate loan information.  The stock has taken a tumble and its supply  of investors anxious  to snap up its loans is drying up.  Score one for the curmudgeons.  I can just see the smirk widening across their faces as they read their morning news in the WSJ.  They got more good news last night with reports that New York State’s Department of Financial Services is expanding its investigation of the marketplace lending industry beyond Lending Club.But then again, what do the recent lows of online marketplace lenders really tell us about the direction lending is headed?  Not as much as you might think. continue reading »last_img read more

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