Main Evening News, Sport, Farming News and Views and Obituaries Thursday February 18th

first_img Twitter News, Sport and Obituaries on Monday May 24th By News Highland – February 18, 2021 Pinterest Main Evening News, Sport, Farming News and Views and Obituaries Thursday February 18th WhatsApp Main Evening News, Sport, Farming News and Views and Obituaries Thursday February 18th:Audio Player Up/Down Arrow keys to increase or decrease volume. AudioHomepage BannerNewsPlayback DL Debate – 24/05/21 Twitter Derry draw with Pats: Higgins & Thomson Reaction Facebookcenter_img Facebook Google+ Previous articleLeaving Cert exams to get underway on June 9thNext article47 Covid related deaths and 901 cases confirmed, 29 in Donegal News Highland RELATED ARTICLESMORE FROM AUTHOR WhatsApp Journey home will be easier – Paul Hegarty Harps come back to win in Waterford FT Report: Derry City 2 St Pats 2 Google+ Pinterestlast_img read more

US Navy CNO Vows Bold Steps To Improve Efficiency

first_img greater emphasis on cooperative agreements with foreign allies and nongovernmental organizations, and support for arms sales to improve the capabilities of partner navies. reaching appropriate force structure based on a shipbuilding plan that envisions building the current fleet from 288 ships to a minimum of 313, and a peak of 320 ships by 2024, and cuts overhead and unneeded infrastructure further work to improve the security of naval computer networks, with an eye to using “information as warfare” accountability and affordability in acquisition processes, looking at total ownership costs, common ship hulls and airframes, lower energy use and reduced manpower continuing as the dominant naval force in the world and ensuring that limited resources are invested appropriatelycenter_img The U.S. Navy’s top uniformed officer vowed to take bold steps to improve the efficiency of naval operations and make hard decisions to buy weapons that are truly needed — not just desired. “There is no option,” Chief of Naval Operations Gary Roughead said on Monday in a 15-page annual guidance document that mapped out his priorities. “We will question every requirement and only develop those capabilities we need, not just want.” Roughead underscored the Navy’s commitment to winning the wars in Iraq and Afghanistan, where 14,500 sailors are deployed on the ground, and another 12,000 support operations offshore. As the United States draws down ground forces in that region, he said it would also be increasingly important to maintain a strong naval presence, especially in the western Pacific and Indian Ocean, areas vital to shipping and trade. Defense contractors like Northrop Grumman Corp, General Dynamics Corp, and Lockheed Martin Corp, are waiting for news from the Navy and other military services about their future weapons spending plans. Defense Secretary Robert Gates has launched a drive to cut $100 billion in overhead and low priority programs over the next five years, to ensure that overall defense spending can continue to grow by 1 percent after inflation. But many analysts and industry executives fear a decline may be in the offing. Roughead said the Navy would focus on five key areas: Roughead gave no details on specific Navy or Marine Corps programs that could be cut as a result of the fiscal 2012 budget process, but said the U.S. military clearly faced great challenges in the current economic environment. “As I look to the future, I see continued disorder in the global security environment, a slow economic recovery, and increasing demand on our Navy,” he said, saying naval costs had never been greater and continued to rise. Many analysts expect the Pentagon’s fiscal 2012 budget, to be released in early February, to scrap the Expeditionary Fighting Vehicle being developed by General Dynamics. Roughead did not mention the program by name, but underscored his commitment to working closely with the Marine Corps, who’s funding falls under the larger Navy budget, and helping the Marines get back into more amphibious warfare. By Dialogo October 20, 2010last_img read more

The hidden performance risk of prime credit tiers in an economic downturn

first_imgThis is placeholder text continue reading » This post is currently collecting data… In the wake of the COVID-19 pandemic, lenders are looking to the past to determine the potential impact on their businesses. In the Great Recession from Q4 2007 to Q2 2009, personal loan lenders tightened their originations to reduce their exposure in an uncertain market. By the end of the recession the number of personal loan accounts across the credit risk tiers was just 11.4 million, a 10% decline from Q3 2007 — the last full quarter before the start of the recession.[1]For a number of reasons, the personal loan landscape looks different now than it did from 2007 to 2009. First, personal loan distribution shifted to more prime and above borrowers in the aftermath of the Great Recession. As of Q3 2020, prime and above accounts represent 54% of personal loans, up from 40% in Q3 2007, right before the Great Recession began. Second, in the current crisis as of the end of Q3 2020, 4.38% of unsecured personal loans are in forbearance or deferment via hardship programs, obscuring performance data that was available in previous crises.[2]Due to these factors, and consumers’ access to government assistance via the CARES Act, lenders may assume they are in a better position in this recession. This assumption, however, does not account for the impact of consumers migrating to different credit tiers during an economic downturn.To understand the risks for FinTechs and other unsecured installment lenders, we analyzed TransUnion’s depersonalized consumer credit database to uncover trends from the Great Recession.center_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

How Many Danced, Celebrated in the Streets After Biden’s Victory

first_imgMr. Biden’s team had a few more false starts this past week as the counting of votes continued. Early Friday, his campaign was advising that he would give a major prime-time speech by evening, as a crowd began to congregate outside a security barrier. He had planned to make use of the elaborate, flag-studded setup that has remained on display all week. This is someone who does not drink, who does not smoke, who once scolded friends at his own bachelor party for growing too rowdy. People have not historically hustled to spontaneous outdoor dance parties for Joe Biden.They have not clanged spoons against frying pans in celebration for him, formed triumphant honk-parades along Fifth Avenue for him, made Champagne toasts with strangers in his honor through chants and tears.- Advertisement – As the sun set in Wilmington on Friday, teleprompters were ready, “Biden Harris” flashed on big screens, and onlookers convened in an increasingly chilly parking lot nearby, hoping to catch a glimpse of a president-elect. But with Pennsylvania, and the race, still officially uncalled, they would have to wait another day.“I was here Tuesday night, and it was, like, very stressful,” Ms. Casey said. “To wake up in the morning and there still be hope, and the next day and the next day, and being patient — and to be here right now is absolutely incredible.” “BIDEN!” his supporters shouted outside Manhattan’s Washington Square Park on Saturday, the call echoing from apartment windows and taxis and sidewalk restaurant tables. “JOE BIDEN!”Joe Biden. That Joe Biden — institutionalist 70-something, incorrigible square, inexhaustible reciter of Irish poetry.But then, it seems that defeating President Trump can do strange things for a man’s reputation.- Advertisement – During the campaign, Mr. Biden’s team strained to create a mini-cult of personality around him, bragging on his signature accessory (aviators), his signature vice (ice cream), his interest in muscle cars.“Ridin’ With Biden,” went one slogan that kinda-sorta caught on.While most of the impromptu gatherings this weekend came in places unaccustomed to Biden-associated revelry — with rollicking bashes from Los Angeles to Washington to most any city in between, cheering Mr. Biden and his running mate, Kamala Harris — there was at least one ZIP code for which the embrace was more culmination than novelty.On Saturday, hundreds of cars jammed into a parking lot outside an events center in Wilmington, Del., ferrying in Mr. Biden’s friends and fans from the state he represented for 36 years in the Senate for a somewhat socially distanced drive-in rally. They sat on the roofs of their vehicles and played cornhole as they waited. They lugged around oversize American flags and kibitzed in lawn chairs and balanced Champagne flutes on top of their cars. They were proud, they said, of their state’s most famous resident.Carrie Casey, 49, said she had come in part to bask in “the utter excitement of a Delaware almost-native winning the presidency, as well as the first female and woman of color vice president.”She had turned out a few days earlier — the original Election Day, on Tuesday — for what was supposed to have been a victory party. Instead, with the outcome uncertain, Mr. Biden gave only brief remarks about trusting the process. Some of his supporters left deflated and on edge. In his own speech, Mr. Biden was quintessentially himself. After jogging onstage to a chorus of car honks, he began with a nod to the fine people of Delaware (“the people who brought me to the dance!”) and then decided to name a few, shouting out assorted local dignitaries like a city council candidate.He quoted relatives and welcomed Ms. Harris and her husband to the Biden family, “like it or not.”He tried to empathize with Trump voters, noting that he had “lost a couple times myself” in his political day. He acknowledged the present national gravity. He projected humility. He smiled a little.It had been a long campaign — three, actually, for the presidency alone in his lifetime. He looked out on guests who had seen him lose as often as they’d seen him win.This time around, the mood was purely festive — so much so that Maureen Whilby had decided to celebrate her 55th birthday on-site, where the fireworks and confetti blasts might as well have been for her, too. In Mr. Biden’s first hours as president-elect on Saturday, many voters who have appraised him through the decades as a particular kind of capital veteran — prone to perpetual windiness, requests for a “point of personal privilege” in casual conversation and digressions about dead senators — appeared ready to greet him as a sort of conquering hero. Updated Nov. 8, 2020, 9:37 a.m. ET “Winners write history,” said Amanda Litman, a former aide to Hillary Clinton’s 2016 campaign and the executive director of Run for Something, a group encouraging Democrats to seek local office. “I think he definitely gets bonus points for doing what no one thought was possible, even when we hoped it was.”Ms. Litman said she had spent the day walking miles across Brooklyn, sobbing in the street and encountering an intersection dance-a-thon, set to “Shout” by the Isley Brothers, that felt airlifted from a wedding reception.- Advertisement – “Best birthday in the world!” she said, several hours before the sky would light up with the words “Biden” and “president elect.” “Never forget this birthday. Unity. Bring us back together. No division.”Nearby, a cluster of Delawareans stood together wearing T-shirts indicating their past lives as Iowa volunteers for Mr. Biden, a reminder of the dark, icy days he spent in a state that rejected him in his 2008 run and again in 2020.“We were a little nervous at that point,” admitted Patti McKelvey, 53, a Pilates and yoga teacher from Wilmington. “But we were still 100 percent backing Joe.”State Representative Krista Griffith — “I’m Joe Biden’s state representative,” she noted — also made the trek to Iowa. This, she suggested, was more fun.“We all know him,” she said on Saturday. “We just can’t wait for the rest of the country to experience that.”Katie Glueck reported from Wilmington, Del. Mr. Biden, of course, has not generally been Washington’s leading purveyor of cool. That will not necessarily change over the long term. It is likely that gushing Democratic affection would have awaited anyone who managed to beat Mr. Trump.And yet, this is the person who did it.If the last two commanders-in-chief have been phenomenon candidates who became phenomenon presidents, Mr. Biden would appear to be ending the trend, comfortable instead with the identity that helped elect him: the man to rein things in a bit, to lower the collective volume before the neighbors complain. – Advertisement –last_img read more