NAFCU requests 2nd CECL comment period

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The Financial Accounting Standards Board should issue an updated credit losses exposure draft and solicit additional public comments, NAFCU President and CEO Dan Berger urged in a letter Thursday to FASB members.Berger said an updated exposure draft would benefit both credit unions and other stakeholders. “The entire industry deserves every available opportunity to find an appropriate balance between the costs to institutions and the benefits to financial instrument reporting,” he wrote.Berger added that credit unions, as member-owned, not-for-profit cooperatives, should be entirely exempt from the credit losses project. “However, even if the FASB will not consider the special structure of credit unions specifically, at a minimum, the confusion and lack of transparency surrounding the proposal warrants further consideration and delay before finalization,” he wrote.Berger noted the Administrative Procedure Act requires federal agencies to engage in subsequent comment periods if changes are made to a rule that make it no longer a logical outgrowth of the initial proposal. He acknowledged that FASB is a private, nonprofit organization and is not subject to the requirements of the APA but said those requirements could serve as a helpful guide to the board. continue reading »last_img read more

UK minister quits over Cummings lockdown trip

first_imgBritish Prime Minister Boris Johnson’s government was hit by its first resignation Tuesday over the controversy surrounding top aide Dominic Cummings’ cross-country trip during the coronavirus lockdown when Douglas Ross, a minister for Scotland, quit in protest.Undermining attempts by ministers to try and move on from the crisis, which has dominated British politics for four days, Ross said he could not justify Cummings remaining in post to his constituents.”I have constituents who didn’t get to say goodbye to loved ones; families who could not mourn together; people who didn’t visit sick relatives because they followed the guidance of the government,” he said in a Twitter statement announcing his departure. Topics : “I cannot in good faith tell them they were all wrong and one senior advisor to the government was right.”He added that Cummings’ interpretation of government rules was “not shared by the vast majority of people”.The resignation will put more pressure on Cummings, who held a press conference Monday to justify driving his wife and young son on a 425-kilometer trip from London to Durham in the northeast off England during the height of the coronavirus crisis.In response to the resignation, Downing Street said it “regrets” the minister’s decision.last_img read more

Unai Emery told to sell ‘frustrated’ Arsenal star Henrikh Mkhitaryan

first_imgGunners boss Unai Emery (Picture: Getty)‘No doubt, Mkhitaryan is a talented player but he’s going to struggle to hold down a regular position when everybody’s fit.’Winterburn also claimed Pierre-Emerick Aubameyang would be Arsenal’s ‘most important’ player during the 2019-20 campaign.The Gabon striker opened his account for the season with the winner at St James’ Park last Sunday.‘Without a shadow of a doubt, Aubameyang will be Arsenal’s most important player this season,’ Winterburn added.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‘You saw from the Newcastle game, he had very few opportunities to score but the one real opportunity that he got, his composure and finishing was perfect.‘If he stays fit, he’s going to have a huge season again for Arsenal, and will certainly be challenging for the Golden Boot again.‘It gives the team a huge lift when you know you’ve got a goal-scorer in your team. He is similar to Ian Wright in that sense.‘As a team, we knew that if you can keep a clean sheet, then Wrighty will usually pop up with a goal. Aubameyang is looking like that at the moment for this current side, which is great for the club.’MORE: Nigel Winterburn names the player Unai Emery should appoint as Arsenal’s captain Unai Emery told to sell ‘frustrated’ Arsenal star Henrikh Mkhitaryan Metro Sport ReporterThursday 15 Aug 2019 12:58 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link669Shares Arsenal have been urged to sell Henrikh Mkhitaryan (Picture: Getty)Unai Emery should look to offload ‘frustrated’ Arsenal forward Henrikh Mkhitaryan before the European transfer window closes, according to Nigel Winterburn.Armenia international Mkhitaryan has endured a mixed spell at the Emirates since being involved in a swap deal with Alexis Sanchez from Manchester United last year.The 30-year-old has struggled to perform consistently for the Gunners although was offered a start by Emery last weekend as Arsenal beat Newcastle United.Despite this, Winterburn believes Mkhitaryan will drop out of first-team contention once key players return and says his former club should sanction his departure this month.ADVERTISEMENTMore: 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 CityHe told sportingbet: ‘Arsenal should look to sell Mkhitaryan to a European team this transfer window.AdvertisementAdvertisement‘When everyone is back fit for Arsenal, Mkhitaryan is going to struggle to get any game time at all during the season.‘Mkhitaryan looks a frustrated figure, nothing seems to be working out for him on the pitch – his passes are misplaced, his shooting is off and he can’t beat his man.‘His performance against Newcastle on the opening game of the season wasn’t good enough, especially when you’re playing at the highest level. Advertisement Comment Advertisementlast_img read more

On The Beat 11/04/10

first_imgBeat writers Brett LoGiurato, Andrew L. John and Tony Olivero break down Syracuse’s next game against Louisville. Published on November 4, 2010 at 12:00 pm Commentscenter_img Facebook Twitter Google+last_img

Otumfuo tasks Kotoko to conquer Africa

first_imgThe Owner and Life Patron of Kumasi Asante Kotoko, the Asantehene, Otumfuo Osei Tutu II has challenged the club to put its house in order and go for the CAF Champions League title next season.Kotoko used to be a power house in the Africa’s elite club competition. Their exploits in the past earned it the continent’s club of the century but Kotoko have been dormant in Africa in for a long time.The Asantehene said the time has come for the club to relieve those glorious moments adding that an African title triumph would only materialize if management can halt the high spate of player exodus and groom young players who would have the interest to stay for longer periods.Otumfuo Osei Tutu II said this when he received the Board, Management, Technical Team, Players and other officials of the club at the Manhyia Palace on Thursday.The club, led by the Executive Chairman, Dr. Kofi Kodua Sarpong, was at the Palace to present the 2012/2013 Premier League trophy and the Champion of Champions title they won in September 2012.Speaking through his linguist, Otumfuo commended the club for the title defence and demanded that they go higher to win the CAF Champions League to bring back joy to Kumasi as it was done in the past. “I am happy you won the league and I am also happy to be receiving it. What is left is the Africa Champions League. The team didn’t go far in that competition this year. We are looking forward to wining it again like we did in those days”.“Most of the players are bought from other clubs and so they leave very early. They join the club and leave sometimes just after a season. The team would not progress that way. If you don’t put measures in place to train your own players and promote them to the senior team, then we will continue to be stagnant. Our aim of winning the Champions League will be fruitless”.The Kotoko Life Patron further advised Dr. Sarpong to provide a listening leadership, accommodate divergent opinions including those who oppose his administration, making sure that monies realized from player sales are made public.“I hear a lot of things, sometimes about players being sold and the monies not being made public. You are in the best position to know whether these stories are true or not” said the Asantehene.last_img read more

A strong start for Woad in Europe

first_img25 Jul 2019 A strong start for Woad in Europe Tags: EGA, European young Masters, Jack Bigham, Josh Hill, Lottie Woad, Patience Rhodes England’s Lottie Woad has made a fine start to the girls’ event at the European Young Masters at the Golf & Spa Kunĕtická in the Czech Republic.15-year-old Woad, the Midland Under 16 champion from Farnham, carded a three-under par 69 to share fifth place after the first round. Her team-mate, Patience Rhodes, from Burham & Berrow, shot a 77 to go into the second round just outside the top-40.The leaders of the girls’ competition are Malaysia’s Mirabel Ting and Italy’s Francesca Fiorellini who both fired five under par rounds of 67, one shot better than France’s Lilas Pinthier and Leonor Medriros from Portugal. Fiorellini won the R&A Girls’ Open Championship earlier this season at Formby and is the current holder of the English Under 14 Amateur title.In the boys’ event, played at the same venue, 15-year-old Jack Bigham, from Harpenden, carded a one-under par 71 to share 20th place seven shots behind leaders Michael Alexander Mjaaseth from Norway and Germany’s Yannick Malik. Dubai-based Josh Hill was two-shot further back in a tie for 33rd place after shooting a 73.View leaderboardImage copyright: Luboš Klikar, European Golf Associationlast_img read more

Trout Unlimited Announces August Program – Year’Round Salmon Fishing

first_imgProgram:  The public is invited to the August 22nd meeting of the Olympia Chapter of Trout Unlimited for a presentation by Capt. Clint Muns, refreshments, and fishing equipment raffle.  Year’round salmon fishing in Puget Sound is a reality, although some times of the year are better than others.  The calm beauty of Puget Sound, Hood Canal, and Grays Harbor provide a unique fishing experience.  In this modern era of fisheries management, with ESA listed stocks, hatchery reform, marked selective fisheries and all the regulations that go along with this, having someone with experience and knowledge to negotiate these complexities for you will enhance your enjoyment.Bio:  With over 30 years experience fishing the waters of Puget Sound and as a lifelong resident and fisherman of Washington State, Capt. Muns offers some of the same opportunities to you that he has experienced. He is a licensed skipper and owner of Puget Charters, offering personalized service and customized trips.  His fisheries efforts also include serving as a member of the Charter Boat Association of Puget Sounds and as a member of the WDFW Recreational Fisheries Advisory Group.  Since 2005 he has been the Director of Resource Management for Puget Sound Anglers. Facebook0Tweet0Pin0last_img read more