== Sweeteners debated ==In April, the EU is to consider allowing the use of artificial sweeteners in confectionery, biscuits and cake. Confectioners have been lobbying in Europe to get laws changed in light of the pressure on the food industry to reformulate products to reduce sugar. Chocolate, biscuit and confectionery trade bodies say that aspartame, saccharin and its salts, sucralose and aspartame- acesulfame salt are safe to use – even for children.== Fox’s decision delay ==Workers at two Fox’s biscuit plants are to face continued job uncertainty after parent company Northern Foods decided to delay the decision over the location of its super-site until next year. Northern Foods plans to merge its Fox’s biscuits plants in Batley and Uttoxeter in Staffordshire, and build a new £40m super-factory at one of those sites.== FoB conference ==The Federation of Bakers’ annual conference takes place on Wednesday 20 May, 2009, at the Dorchester Hotel, London. Speakers include Scott Clarke, bakery category director at Tesco. Tim Smith, chief executive of the Food Standards Agency will be the guest speaker. For details visit bakersfederation.org.uk, contact Julie Pierce on 020 7420 7190 or email: [email protected]== Organic guide ==A new free 24-page guide has been launched to help food manufacturers looking to achieve organic status for new or existing product lines. The Guide to Organic Certification: Food Processing, produced by Organic Farmers & Growers (OF&G), is available as a free download from the OF&G website: organicfarmers.org.uk/guide, or call 0845 3305122 or email [email protected]
Portions of this Minute are indebted to the work of Laura Leibensperger, “Herbert Walter Levi (1921–2014) and Lorna Levi (1928–2014),” Breviora 551 (Dec. 2016): 1–37, doi: 10.3099/MCZ28.1. At a Meeting of the Faculty of Arts and Sciences on Feb. 7, 2017, the following Minute was placed upon the records.Spider biology has fascinated scientists and laymen alike and has even inspired the inception of a superhero. Consider a shy young student fleeing the Nazis and arriving to the New World, a young man studying chemistry though fascinated by spiders, an idealist trying to enlist in the U.S. Army but instead being classified as a German enemy alien, a young scientist who in later years would become a professor at an Ivy League university. Marvel needn’t have invented their character; he was already a reality. Indeed, Herbert W. Levi was a superhero, a giant among a new generation of zoologists, who at the Museum of Comparative Zoology trained some of the most brilliant and prolific zoologists of the twentieth century. Today, few young spider biologists lack a connection with Herb in their pedigree. His respect among the arachnological community was immense, with proof not only in his written legacy and the numerous awards he received but also in the ultimate gift for any taxonomist—the more than 40 species, and two genera, named after him.Herbert W. Levi was born in Frankfurt am Main, Germany, on Jan. 3, 1921, and spent part of his childhood at his grandparents’ mountain house in Eppenhain, where he developed his love for the outdoors. In 1937, during the Nazi ascendancy, he was sent to a boarding school in London as Jews were no longer allowed to attend school in Germany. There, he became known for his artistic skills. In 1938, he was reunited with his family and sailed across the Atlantic. He repeated a year of high school in New York, allowing him to improve his English. His high school art teacher recommended he apply to the Art Students League of New York, where he received a full scholarship. He worked for his sponsoring relative, his uncle, in the dye plant of a textile mill.When the United States entered World War II, Herb registered for the draft but was rejected, instead classified as a German enemy alien and prevented from leaving Shelton, Connecticut. During that time, he both obtained a copy of American Spiders and their Spinning Work from Yale University’s library and made his first acquaintance with Willis J. Gertsch, Curator of Arachnids at the American Museum of Natural History in New York.By 1943, Herb was enrolled at the University of Connecticut, majoring in chemistry. After completing his degree and becoming a naturalized American in 1946, he illustrated a book on Connecticut insects. It was then that he recognized his future field, choosing spiders because few others were actively working on the subject. Herb entered a zoology program at the University of Wisconsin, Madison, where he received his doctorate in 1949. That year, he married fellow student Lorna Rose, his partner in life and early career, with whom he published almost 20 scientific papers and the popular book Spiders and Their Kin, first published in 1968. Lorna continued to edit his scientific writing for life. For five years after receiving his Ph.D., Herb taught different zoology courses, first as Assistant Professor and then Associate Professor at the University of Wisconsin.Herb came to Harvard in the summer of 1955 to work at the MCZ and then assumed the position of Assistant Curator of Arachnology in 1956. He started his Harvard teaching career at the School of Education. He was promoted to Associate Curator in 1961 and to full Curator in 1966, and in 1964 he held a position as Lecturer on Biology. In 1970, several MCZ curators, including Herb, joined the Faculty of Arts and Sciences as full Professors of Biology. In 1972, he was appointed Alexander Agassiz Professor of Zoology, a title he held until his retirement in 1991.Herb documented spiders incessantly until his death. He published more than 200 scientific papers and described 1,254 new spider species, 1,204 of which are still considered valid to date. Herb’s holistic view of spiders led him to produce detailed species descriptions, beautifully illustrated and incorporating multiple views of their genitalia, a practice that has become standard in descriptions not only of spiders but also of many other arthropods. Herb’s superb drawing skills enabled the interpretation of highly complex structures such as the spiders’ copulatory bulb—one of the main characteristics for identifying species of spiders.Herb spent quite a lot of time in the field collecting spiders all over the world, from the Americas to Papua New Guinea, with a great deal of time near his home in Pepperell, Massachusetts, and in Gothic, Colorado, where he spent many summers at the Rocky Mountain Biological Laboratory in the 1960s.Herb was a founding member of the American Arachnological Society, serving as president for two terms (1979–1981) and hosting its annual meeting in 1987. He was also an active member in the International Society of Arachnology (ISA; originally the Centre International de Documentation Arachnologique), serving as president from 1980 to 1983. In addition, he was a member of the editorial boards of several zoological journals and, in 2007, was the first recipient of the ISA Eugène Simon Award for Lifetime Achievement. He was an honorary lifetime member of both the AAS and ISA. After his death, the AAS established the Herb Levi Memorial Fund for Arachnological Research.Herb graduated 14 Ph.D. students while at Harvard and assembled for the MCZ one of the best arachnological collections in the world. His students hold or have held many prominent positions in great American institutions and he mentored many others in a more or less formal capacity, adding vast numbers of visitors to his “collection.”Herb Levi died on Nov. 3, 2014, at the age of 93. Sadly, Herb’s death was shortly followed by that of his beloved wife of 65 years and research partner, Lorna Rose Levi, on Nov. 15. They are survived by daughter Frances Levi, who lives with her husband in Townsend, Massachusetts, next to her parents’ home of 60 years.Respectfully submitted,James J. McCarthyWayne Maddison (University of British Columbia)Gonzalo Giribet, Chair
Laura Osnes There’s a whole slew of stars jumping on The Band Wagon! The Encores! production begins a limited engagement November 6, and we’ve got a first look at the new cast, who took a break from rehearsal to take this gorgoeus snapshot. Featuring music by Arthur Schwartz and lyrics by Howard Dietz, The Band Wagon stars Brian Stokes Mitchell, Roger Rees, Tracey Ullman, Michael McKean, Don Stephenson, Michael Berresse and Laura Osnes. The new revival also features a book by Douglas Carter Beane, adapted from the screenplay by Betty Comden and Adolph Green. Get a sneak peek of the cast, then hop on The Band Wagon at New York City Center! Star Files Brian Stokes Mitchell View Comments
View Comments Dates are now set for the previously reported New York premiere of Kid Victory at the Vineyard Theatre. Directed by Tony nominee Liesl Tommy and featuring music by the legendary John Kander and a book and lyrics by Greg Pierce, the new musical will begin previews at the off-Broadway venue on February 1, 2017; opening night is set for February 22.The play follows seventeen-year old Luke, who returns to his small Kansas town after a wrenching one-year absence. As his friendship grows with the town misfit, Emily, his parents realize that in order to truly find their son, they must confront some unnerving truths about his disappearance.Kid Victory will feature choreography by Chrisotpher Windom, orchestrations by Michael Starobin, scenic design by Tony winner Clint Ramos, sound design by Peter Hylenski, costumes by Jacob Climer and lighting by David Weiner. Casting will be announced at a later date. Kid Victory John Kander(Photo: Bruce Glikas) Show Closed This production ended its run on March 19, 2017 Related Shows
By Dialogo February 24, 2012 The Dominican Republic’s National Drug Control Directorate (DNCD, for its Spanish acronym) landed a heavy blow against drug trafficking when it seized 616 packages of cocaine and arrested the two individuals who were transporting them on February 22. The shipment, distributed in 25 polypropylene bags, was found in the possession of Samil David Arredondo Cedeño and Pedro de Peña Rodríguez. DNCD spokesperson Roberto Lebrón revealed that the seizure was part of “Operation Volcano,” led by the head of the institution, Major General Rolando Rosado Mateo. He stated that the DNCD, via the Sensitive Investigations Tactical Division and with the assistance of the Preventive Police, tracked the individuals until catching up with them in the town of Boca Chica. “We’re dealing with an organization that received the drugs from Colombia or Venezuela using speedboats in order to turn them over to the men we arrested and other identified individuals on the high seas. They received the 616 packages 60 miles off the coast,” said the report provided by the anti-narcotics spokesperson. The same report states that the gang received the drugs for their export, with a final destination probable in Puerto Rico, “but it could also have been to send it to Europe, using a port facility and an airport,” said the report.
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A reputed MS-13 street gang member wanted for allegedly killing a teenager in Roosevelt 13 years ago was apprehended this spring after he fled the country, Nassau County prosecutors said.Wuilmer “Chicky” Mendosa was arrested May 5 when he tried to re-enter the country on a flight from a flight from El Salvador to Texas. He was extradited to Long Island this week, where he was indicted on a charge of second-degree murder.“This defendant fled the country immediately after the crime and now, after nearly 13 years, we have finally have him back in Nassau County, where he is going to face justice,” said Acting Nassau County District Attorney Madeline Singas.Prosecutors said the 32-year-old suspect shot Johnathan Harris, who had just celebrated his 18th birthday five days earlier, after Mendosa and others asked the victim if he was a member of a rival gang, to which Harris replied, “No,” on Oct. 24, 2002.The victim was pronounced dead shortly after the shooting. The suspects fled the scene.Judge Teresa Corrigan ordered Mendosa held without bail. He faces up to 25 years in prison, if convicted. He is due back in court on Oct. 21.
Banking marijuana-related businesses (MRBs) comes with unique compliance challenges. My company, Hypur, was founded to meet these challenges and make this process easier and more secure for everyone involved. Hypur is a compliance and payments software company currently assisting credit unions across the country to responsibly, transparently, and profitably service MRBs. From our first hand experiences, we’ve seen the obstacles that these institutions face and what tools they need to overcome them. (For purpose of this article, keep in mind that compliance challenges and obstacles doesn’t refer to federal marijuana and associated banking laws; that’s an entirely different issue that I address here).1) Resources. Many financial institutions assume that serving the marijuana market requires hiring and training additional compliance personnel. This at a time when compliance is already consuming a significant amount of institutional resources. What is the Hypur solution to this problem? Our technology enables credit unions to automate many of the manual processes associated with banking MRBs. This automation is vital because MRBs are far more complicated than your standard commercial customers. From document and license management, to transaction monitoring, enhanced due diligence, and federal reporting requirements, MRBs impose obligations on credit unions unlike any other industry. This means that credit unions serving MRBs cannot afford the deficiencies of error prone manual processes. Automation is the surest way to reduce and eliminate these deficiencies. Automation doesn’t mean removing the human aspect of compliance, but enhancing it.The credit unions and its management are still responsible for meeting all applicable state and federal regulations for marijuana banking. But by partnering with Hypur, financial institutions can perform compliance at a higher level without adding to their compliance budget. With Hypur, compliance goes from being a revenue drain into a revenue driver.2) Transaction Monitoring. Most states that have legalized marijuana require that licensed MRBs provide inventory and point-of-sale (POS) data to the state’s “Track and Trace” system, which tracks every marijuana-related product from inception until it’s sold. This requirement is necessary in providing the state with real-time information to ensure MRBs are operating in compliance with federal policy and state law. But just as it’s necessary for the state to constantly monitor marijuana commerce, so too must financial institutions have this same information in satisfying their own compliance obligations. The problem is that legacy compliance technologies are not capable of obtaining real-time POS information, meaning suspicious transactions are detected only after they have occurred.What is the Hypur solution to this problem? Our Application Program Interfaces, or APIs, enable POS systems to integrate into the Hypur platform and provide real-time transactional information to our financial institution partners. This e financial institution to set parameters around all MRB transactions, and thus control what money does, and more importantly what does not flow into their institution. For example, a credit union could decide that it never wants its MRB customers to conduct a certain volume or dollar amount of transactions on a daily, monthly, or annual basis. Any transactions that would exceed those limitations would be blocked from happening. From a banking compliance perspective, the best kind of suspicious transaction is one that never occurs. Giving credit unions the ability to proactively prevent suspicious transactions is the Holy Grail of compliance. 3) Following Federal guidance. The 2014 Cole (DOJ) and FinCEN memos remain the starting point for all marijuana banking compliance. But certain aspects of these memos have proven to be challenging for credit unions, such as preventing revenue from the sale of marijuana going to criminal enterprises, gangs, and cartels. This requirement poses the following dilemma for credit unions – when their MRB customer attempts to make a cash deposit, how does the credit union know that that deposit does not also include funds generated by, and going into, the pockets of gangs, cartels or other criminal enterprises?What is the Hypur solution to this problem? Expected Cash Reports, which show financial institutions exactly how much cash was transacted by their MRB customer on a daily basis, and thus how much cash to expect at deposit. For example, if the credit union’s expected cash report is $5,000 in validated cash transactions, and their MRB customer attempts to make a cash deposit of $10,000, the credit union knows something suspicious is happening and can refuse to accept that cash.4) Marijuana as a cash-based industry. As long as major credit card brands prohibit marijuana-related transactions on their networks, state-legalized marijuana is expected to remain primarily a cash-based industry. This poses challenges for financial institutions, as cash makes it more difficult to monitor transactions and to meet compliance requirements. What is the Hypur solution to this problem? We have devised an electronic payment application for marijuana transactions that enables account-to-account transfers and doesn’t rely upon credit and debit card networks. Known as Hypur Commerce, this technology provides significant benefits to credit unions, merchants, and consumers. For credit unions, it offers an additional level of compliance, as they now have insight into their customer’s customer. Hypur Commerce also makes MRBs safer, as they no longer have to serve as storage facilities for cash that are enticing to criminal elements. Hypur Commerce also gives consumers the convenience of an electronic payment system that they can use on their smartphones to conduct marijuana-related transactions.These are just some of the ways in which Hypur can solve the unique challenges associated with marijuana banking. Hypur is here to help emerging industries like the MRBs obtain banking access by elevating compliance and transparency to new levels. If you have any questions, please email mailto:[email protected] 155SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John W. Vardaman, III John W. Vardaman, III – EVP & General Counsel is an attorney with fifteen years of senior federal government experience in the enforcement and application of federal laws and policies concerning … Web: hypur.com Details
7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » Prominent think tank supports bipartisan Senate reg-relief bill: A key part of CUNA’s 360° advocacy includes building broad coalitions of support for our priorities. We’re proud to note that Third Way, a Washington D.C. think tank from the political center recently came out in support of the Main Street regulatory relief bill S. 2155. We welcome its backing as we continue to push for Senate passage of this vital legislation. Third Way, a strong supporter of Dodd-Frank, noted that the bill is designed to give community banks and credit unions more room to lend. I couldn’t agree more. If you agree, take action today.CFPB pledges to focus on bad actors, tailor enforcement: For a long time, CUNA has been asking for less one-size-fits-all regulation by the CFPB—target the rulebreakers, but give the good guys like credit unions more breathing room. This week the CFPB’s interim director wrote an op-ed outlining a vision for the regulatory agency that sounds like it will get us closer to what credit unions want: clearer rules, a focus on the real consumer threats, and decision-making driven by qualitative data and consumer complaints, something CUNA has forcefully argued for.We’re hoping in that new spirit, the CFPB will take another look at how it characterizes overdraft services. So far, the bureau’s reports have relied on old data from a small number of big banks, and don’t reflect the more consumer-friendly way credit unions handle overdraft protection. The bureau already agreed this week to CUNA’s request to delay the implementation of a prepaid accounts rule, beyond even what we requested.
Arsenal legend Lauren has issued a warning to Mesut Ozil (Picture: Getty)Mesut Ozil was ‘irrelevant’ in Arsenal’s crunch matches last season and must start fulfilling his potential to save his career at the Emirates.That is the opinion of Arsenal ‘Invincible’ Lauren, who believes there was ‘something very wrong’ with the way Ozil played under Unai Emery last term.Ozil signed a new three-year deal with the Gunners at the start of last year but was not always guaranteed a place in Arsenal’s starting line-up during the 2018-19 campaign.The German playmaker has been heavily linked with a summer departure and, while Lauren says he will stay put, the Arsenal hero insists he needs to offer more to the team.AdvertisementAdvertisementADVERTISEMENTMore: 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‘Mesut Ozil will stay at Arsenal next season but he needs to start fulfilling his potential,’ Lauren told bwin.‘Whether you are Arsenal, Real Madrid or Barcelona, you need your best players to perform on the big stage and Ozil failed to do that on multiple occasions last year.‘In the biggest games last season, the quarter-final, semi-final and final of the Europa League, Ozil was not relevant, so there is something very wrong there.‘Mesut Ozil has a lot of potential and no doubt, Emery will be working to bring that to the forefront this season.’ Comment Advertisement Metro Sport ReporterFriday 21 Jun 2019 5:00 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link261Shares Lauren also discussed Aaron Ramsey’s departure (Picture: Getty) Ramsey left the Gunners to join Juventus (Picture: Getty)Arsenal, who finished fifth in the Premier League last term, will be without Aaron Ramsey next season after the Welsh midfielder joined Juventus.Lauren says Ramsey is a ‘brilliant player’ who will be sorely missed at the Emirates.‘Losing Aaron Ramsey to Juventus is a big loss for Arsenal,’ he said. ‘Unai and his backroom team will need to use this transfer window to make a big signing to replace him.‘Throughout his time at the club, and even when he had announced he was leaving the club, Ramsey was a brilliant player who always played to his best ability.‘The gap he has left in the club will be felt unless the club bring in someone to replace him quickly.’More: FootballBruno Fernandes responds to Man Utd bust-up rumours with Ole Gunnar SolskjaerNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira moves Arsenal legend Lauren rips into ‘irrelevant’ Mesut Ozil and reacts to Aaron Ramsey move Advertisement
Danish statutory pension fund ATP is shortening the length of its return guarantees on pension contributions to 15 years from the lifelong guaranteed returns it pays now, to increase its investment flexibility and therefore the potential pensions it pays out. The pension fund, which manages the labour-market supplementary pension – first-pillar provision that runs alongside the basic state pension – said its supervisory board decided the guaranteed return on contributions would now be set for 15 years at a time, starting January 2015. ATP’s chief executive Carsten Stendevad said: “The purpose of the current adjustment is to better safeguard the purchasing power of pensions, while taking the lower liquidity in the financial markets into account.”While current guarantees set a return for as long as 80 years, under the new system, each year’s contribution will be guaranteed a certain return for 15 years, based on prevailing interest rates. When this 15-year period comes to an end, that year’s contribution will be guaranteed a return for another 15 years, again set at the latest market interest rate, and so on until retirement.ATP said this meant that, from the scheme member’s point of view, the guarantee will only increase, and never decrease.This is because the initial 15-year guarantee assumes a zero rate of return following that 15-year period, whereas in reality that portion of the pension will then grow at the rate set under a subsequent guarantee. Under this new method, ATP members technically have a very low level of guaranteed lifelong pension income at the beginning, but are given a prognosis of the amount their eventual pension is expected to be as a result of subsequent 15-year return guarantees. By promising scheme members a rate of return on their contributions that is only fixed for 15 years at a time, ATP reasons it will be able to get higher returns with lower costs because it will have a wider variety of financial instruments to choose from to hedge those promises than is the case now.This is because liquidity at the long-end of the yield curve is much lower than it is around the 15-year mark. “Giving a guarantee for 80 years forces us to the longest end of the curve where liquidity has been falling,” Stendevad said.“Here, it gets us to the point of the curve where it’s more liquid.”Apart from this, interest-rate derivatives – used for hedging – have become more expensive at longer maturities of 40 years, for example, and are expected to become still more costly in the future, according to ATP.Stendevad said the most important aspect of the change was that it helped scheme members because it was more reflective of the actual level of interest rates over the years, while for ATP as an investor, the move provided more investment flexibility.Ultimately, ATP took the step to decrease the interest-rate sensitivity for young members, he said.At the moment, 20-year-old scheme members, for example, are highly dependent on the initial return guarantees they are given.ATP’s pension model differs fundamentally from the UK model in that pension contributions are annuitised from the start – the scheme promises an income rather than a pot of savings that will later be used to buy an annuity.ATP said it would still hedge the new guarantees fully, but that the interest-rate sensitivity of these guarantees would be considerably lower than that of the current guarantees.The change should be seen in the context of the new discount yield curve ATP implemented last autumn to value its existing pension liabilities, the pension fund said.It said this had reduced the interest-rate sensitivity of existing guarantees by 25%.ATP also stressed that all existing guarantees would remain unchanged, and that the change would apply only to new contribution payments, affecting members born in 1964 or later.