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  • Bryce Pinkham & Lora Lee Gayer Set for Holiday Inn

    first_img‘Holiday Inn’ Time for a heatwave! Bryce Pinkham, Lora Lee Gayer and more have been tapped for the previously reported Broadway production of Holiday Inn, The New Irving Berlin Musical. Directed by Gordon Greenberg and choreographed by Denis Jones, the Roundabout production will begin performances on September 1. Opening night is now scheduled for October 6 at Studio 54 (from October 13).Along with Tony nominee Pinkham (A Gentleman’s Guide…) as Jim and Gayer (Doctor Zhivago) as Linda, the cast will include Tony nominee Megan Lawrence (The Pajama Game) as Louise, Megan Sikora (The Nance) as Lila Dixon, Corbin Bleu (In the Heights) as Ted and Tony nominee Lee Wilkof (Kiss Me) as Danny. Final casting will be announced later.With music and lyrics by Irving Berlin, Greenberg and Chad Hodge’s new book is inspired by the Oscar-winning film, Holiday Inn. Holiday Inn, The New Irving Berlin Musical tells the story of Jim, who leaves the bright lights of show business behind to settle down on his farmhouse in Connecticut. He quickly discovers life isn’t the same without a bit of song and dance. Jim’s luck takes a spectacular turn when he meets Linda, a spirited schoolteacher with talent to spare. Together they turn the farmhouse into a fabulous inn with dazzling performances to celebrate each holiday, from Thanksgiving to the Fourth of July. But when Jim’s best friend Ted tries to lure Linda away to be his new dance partner in Hollywood, will Jim be able to salvage his latest chance at love?The new tuner will include over 20 classic songs from the Irving Berlin catalogue including “Steppin’ Out With My Baby,” “Shaking the Blues Away,” “Easter Parade,” “Cheek to Cheek” and “Heatwave.”The production will feature sets by Anna Louizos, costumes by Alejo Vietti, lighting by Jeff Croiter and sound by Keith Caggiano. View Comments Lora Lee Gayer Star Files Related Shows Bryce Pinkham Holiday Inn, The New Irving Berlin Musical Show Closed This production ended its run on Jan. 15, 2017last_img read more

  • Low-income credit unions and secondary capital

    first_imgThe Federal Credit Union Act allows low-income credit unions to count secondary or supplemental capital as part of their net worth.Seventy-five credit unions, excluding Texans CU (Richardson, TX) and A.E.A FCU (Yuma, AZ), reported holding uninsured secondary capital accounts as part of their net worth as of the third quarter of 2014.Twelve credit union as of September reported that over fifty percent of their net worth is in the form of uninsured secondary capital accounts. This includes Self-Help FCU (Durham, NC), which reports 78.18 percent of its net worth is in the form of uninsured secondary capital accounts.However, should there be a limit on the amount of secondary capital that low-income credit unions can count towards net worth?As I have previously written, regulators are focused on increasing the amount of high quality capital that financial institutions hold. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

  • Do This: Long Island Concerts & Events December 1–7

    first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York John EdwardThis is set to be a night absolutely full of unbelievable communications from loved ones who’ve crossed over to the other side, transcendental revelations and intense, passionate emotions, all around. Edward has a gift for delving deep into the afterlife and bringing forth messages from family members, lovers and friends who have “Crossed Over” to the next realm of existence. His psychic abilities are bound to amaze, excite and inspire. NYCB Theatre at Westbury, 960 Brush Hollow Rd., Westbury. venue.thetheatreatwestbury.com  $69-$89. 7 p.m. Dec. 1.Andy Grammer“Honey I’m Good” and “Back Home” hit-maker Andy Grammer is known for his pop/soul/country style, earning top spots on the Billboard charts and multi-platinum certifications for his big hits. Claiming inspiration from “guitar guys” like Jason Mraz and John Mayer, piano influences like Coldplay, and hip-hop word complexity a la Jay-Z and Kanye, Grammer’s other hits include “Keep Your Head Up,” “Fine By Me” and “Crazy Beautiful.” Opening the show is Oak & Ash and Sir Cadian Rhythm. The Paramount, 370 New York Ave., Huntington. paramountny.com $19.50-$44.50. 8 p.m. Dec. 1.Hamptons Take 2 Documentary Film FestivalFour full days of “All Docs, All Day,” with Q&As and an Audience Award. Docs to be screened include A Moment in Time: Hamptons’ Artists, Eero Saarinen: The Architect Who Saw the Future, In Search of Israeli Cuisine and Unlocking the Cage, among others. Wow. Bay Street Theater, Corner of Bay St. and Main St., Sag Harbor. baystreet.org $13-$150. Times vary. Dec. 1-4.From the Arcade to the Living RoomAn opening reception will be held for this exhibit exploring the evolution of video game technology from the early ’70s black-and-white tennis games to the fully immersive 3D environments of the late ’90s. Patrons can play hundreds of games on more than 60 consoles on old-school TVs, plus dozens of arcade classics such as Pac-Man, Donkey Kong, Street Fighter and more. Cradle of Aviation Museum, Charles Lindbergh Blvd., Garden City. cradleofaviation.org $8-$15. 6:30-9:30 p.m. Dec. 2.Lords of 52nd StreetLong Island’s best musicians—Liberty DeVitto, Richie Cannata, and Russell Javors—whom Billy Joel hand selected to help create his classic hits and unforgettable tours, reunite on stage once again as The Lords of 52nd Street! Expect a groovin’ and eclectic mix of tunes from the Piano Man’s music catalog including hits and rarities with the same energy and passion as you’ve always known because, the band recorded, toured and performed extensively with Joel during his prominence in the 1970s and ’80s. The Lords aided in the creation of hit records with Joel including “The Stranger,” “52nd Street” and “Glass Houses.” Suffolk Theater, 18 East Main St., Riverhead. suffolktheater.com $39-$45. 8 p.m. Dec. 2.Pamela Betti BandThis local songstress and Blues Hall of Famer has toured the world and shared stages with the likes of Dave Mason, Poppa Chubby and the Soul Brothers in her 20 years of singing her signature style of blues. Rounding out her eponymous band is guitarist John Haseth, drummer Sal DeVitto and bassist Robert Jack. Check out their album, Pamdemonium, and groove, groove, groove the night away! Treme Blues and Jazz Club, 553 Main St., Islip. tremeislip.com $10. 8 p.m. Dec. 2.Local songstress and Blues Hall of Famer Pamela Betti wows Islip’s Treme Blues and Jazz Club!AmericaVocal harmonies and light acoustic folk sound are highlights of this popular 1970s band’s performance. Gaining Grammy Awards, a spot in the Vocal Hall of Fame, and a star on the Hollywood Walk of Fame, the group is known for hits like “Tin Man,” “Lonely People,” “You Can Do Magic” and “Ventura Highway.” On the year of their 46th anniversary, founding members Gerry Beckley and Dewey Bunnell will continue their quest to travel and make music with their bandmates. Not to be missed! The Space at Westbury, 250 Post Ave., Westbury. thespaceatwestbury.com $65-$95. 8 p.m. Dec. 2.PoohItalian pop band Pooh formed in 1966 in Bologna, have sold over 100 million records, and continue to maintain a large international fanbase. Their top hits include “Noi due nel mondo e nell’anima” and “Tanta Voglia de Lei,” and their current 50-year anniversary sparked the 2016 production and release of Pooh 50: L’Ultima Notte Insieme, which hit number one on the Italian charts after its September release. NYCB Theatre at Westbury, 960 Brush Hollow Rd., Westbury. venue.thetheatreatwestbury.com $110-$185. 8 p.m. Dec. 2.The New York Bee GeesThis groovy night of full-on disco featuring The New York Bee Gees will be sure to get the crowd dancing. They’ll bring the music, you bring the moves! Can you dig it? Of course you can! Also performing will be Raniere Martin: A Tribute to Donna Summer and 45 RPM. Get ready to dance, dance, dance! The Paramount, 370 New York Ave., Huntington. paramountny.com $20-$35. 8 p.m. Dec. 2.Brother Joscephus and The Love RevolutionCalling themselves a “12-Piece Explosion Of Love,” band Brother Joscephus and The Love Revolution incorporates elements of soul, funk, classic rock, and feel good gospel to spread their message of the necessity of world righteousness. Founded in Brooklyn, New York in 2007, the band has released infectious hits including “Revolution of Love,” “A Child Shall Lead” and “I Won’t Be That Man,” pushing listeners toward a world full of love and acceptance. YMCA Boulton Center for the Performing Arts, 37 West Main St., Bay Shore. boultoncenter.org $20-$25. 8 p.m. Dec. 2.The Boeing 314: An Extraordinary StoryThe legendary B-314 Flying Boats are those fabled and fascinating seaplanes that pioneered trans-oceanic flying. The Clippers, as all Pan Am aircraft were called, took off from the Pan Am Hangar located on Manhasset Bay in Port Washington, Long Island, first flying to Bermuda, and later to England, Portugal and France via the Azores. Only 12 of these extraordinary flying boats were built, and nine were operated by Pan American. Now, one of them is returning to LI! Whoa. Cradle of Aviation Museum, Charles Lindbergh Blvd., Garden City. cradleofaviation.org $8-$15. 9:30 a.m. Dec. 3.The Italian ChicksVariety Show is a passionate blend of comedy, characters, music, song parodies, improv and Italian-American culture. When these four dynamic, multi-talented women hit the stage, they will make you remember things you paid your shrink to forget.It’s a celebration of food, family, memories and Italian tradition. Landmark on Main Street, 232 Main St., Port Washington. landmarkonmainstreet.org $35. 7:45 p.m. Dec. 3.Daughtry Acoustic TrioCome along for the ride as Chris Daughtry and his band debut songs from their new album Baptized, which represents a shift in the band’s previous style–softer, yet less serious, more playful and fun, but with the soul you fell in love with watching him on the fifth season of American Idol. On a hot streak since 2006–when his debut album Daughtry became the fastest-selling debut rock album in Soundscan history–Daughtry is ready to stretch their wings and see where inspiration takes them. Will they play their brand new single “Waiting for Superman”? Only one way to find out! The Paramount, 370 New York Ave., Huntington. paramountny.com $39.50-$99.50. 8 p.m. Dec. 3.Jingle Bell Bottom BallThe third annual disco-themed holiday show lights up the opening nights of this festive season. Groove out to performances from Harold Melvin’s Blue Notes, The Trammps, France Joli, Bonnie Pointer, Odyssey, Carl Carlton, Lime, MacHine, Disco Unlimited and Melba Moore. All guaranteed to score a little holiday cheer! NYCB Theatre at Westbury, 960 Brush Hollow Rd., Westbury. venue.thetheatreatwestbury.com $49.50-$69.50. 8 p.m. Dec. 3.Eileen Ivers “An Nollaig” An Irish ChristmasExperience An Nollaig, “An Irish Christmas,” the way you should: surrounded by friends and loved ones, enjoying great traditional Irish songs, and of course, doing the jig! Jiggity jig jig-jig! YMCA Boulton Center for the Performing Arts, 37 West Main St., Bay Shore. boultoncenter.org $40, $45. 8 p.m. Dec. 3.Bob NelsonThe rubber-faced funnyman from Massapequa will unquestionably leave all those in attendance in absolute stitches, yet the question remains: Who will assist Nelson at this special evening of bring-down-the-house hilarity!? Jiffy Jeff? Eppy Epperman? Perhaps Wilby Stuckerson and Mr. Pingyeh? If Jacques-Yves Cousteau shows up, or Nelson unleashes his infamous “Football Act” (YouTube it!), then the laughs will linger long after this gig, for sure. Get ready to laugh, laugh, laugh, uncontrollably! Governor’s Comedy Club, 90 Division Ave., Levittown. govs.govs.com $25. 7, 9:30 p.m. Dec. 3.Young ThugYoung Thug’s music doesn’t just push the envelope—it tears it up and sets the pieces on fire! Describing his eccentric flow, Fader Magazine said, “He slurs, shouts, whines and sings, feverishly contorting his voice into a series of odd timbres like a beautifully played, but broken, wind instrument.” Still, no words can define what Young Thug does on the mic. His set is sure to include favorites from his three-volume mixtape series I Came From Nothing, as well as “Best Friend,” from his mixtape Slime Season. Get ready for this hot, new hip-hop artist to blow the roof off! Also performing is DJ Wavy. The Emporium, 9 Railroad Ave., Patchogue. theemporiumny.com $30, $35 DOS. 10 p.m. Dec. 3.Charles Dickens FestivalThe Adventures of Oliver Twist, Great Expectations, A Tale of Two Cities, David Copperfield, A Christmas Carol—the list of literary classics authored by genius wordsmith Charles Dickens goes on and on. Come celebrate these masterpieces and their imaginative creator with many of his most famous characters, including Scrooge, Father Christmas and even the chimney sweeps, as they roam the Dickensian streets of a transformed Port Jefferson and revel in holiday delight! Among many other festivities will be parades, cookie walks, plenty of delicious food, an a cappella performance by harmony groups and choirs, ice skating, magic shows, and performances of Nutcracker! This year’s Dickens spectacular will also feature Theater Three’s 33rd Annual production of A Christmas Carol! Wow. No Bah Humbug here! Open to the public. Most events are Free. Friday: 5 p.m. to 9 p.m.; Saturday: 9 a.m. to 9:30 p.m.; Sunday: 8 a.m. to 9 p.m. Check out portjeff.com/dickens-festival for map and full schedule. Dec. 2, 3 & 4.How The Big Duck Saved ChristmasThe story of how the East End’s own Big Duck saved Christmas from a group of French fry-loving Canadian Elves! Told by Santa with original background illustrations drawn by Frosty The Snowman’s original animator DON DUGA! Photos with Santa! Tell the jolly ole fella you want to send a massive Greek smorgasbord to the Press crew! Yeah! Suffolk Theater, 18 East Main St., Riverhead. suffolktheater.com $10-$15. 1 p.m. Dec. 4.Max & Ruby in the Nutcracker SuiteBeloved bunnies Max and Ruby from the bestselling children’s books by Rosemary Wells are whisked off into a Christmas fantasy land accompanied by Tchaikovsky’s timeless music. With original choreography by professional ballerina Patti Caplette (who has danced in over 100 Nutcracker performances), and dancing, singing, and delicious treats, Max and Ruby’s antics bring a new feel to the classic Christmas performance. NYCB Theatre at Westbury, 960 Brush Hollow Rd., Westbury. venue.thetheatreatwestbury.com $39.50-$59.50. 12:30, 4:30 p.m. Dec. 4.The AtarisIndiana rock band The Ataris have released five studio albums, and are perhaps best known for their infectious hit cover of “The Boys of Summer.” Dabbling in punk rock, emo, and skate punk, the Ataris have been going strong for 20 years and continue to do what they love, performing songs like “In This Diary,” “The Saddest Song” and “Unopened Letter to the World.” Opening the show is Me The Enemy and All New Episode. Revolution Bar & Music Hall, 140 Merrick Rd., Amityville. revolutionli.com $15. 7:30 p.m. Dec. 4.Flatbush ZombiesComposed of rappers Meechy Darko, Zombie Juice, and Eric Arc Elliot, this hip-hop group originates in the Flatbush (hence their name) section of Brooklyn and are part of the East Coast hip-hop movement “The Beast Coast.” With a release of their debut solo album 3001: A Laced Odyssey this year, this group’s popularity is just exploding, with hits like “Palm Trees,” “New Phone, Who Dis” and “This Is It.” The group has also performed at Coachella, Lollapalooza, Pemberton,The Afropunk Festival, and the Hudson Project. With very special guest Kirk Knight. The Paramount, 370 New York Ave., Huntington. paramountny.com $20-$45. 8 p.m. Dec. 4.Blood On The Dance FloorThis electronic music duo, consisting of Dahvie Vanity and Jayy Von Monroe, has released eight studio albums and plans to disband at the end of 2016. Controversy has surrounded the group’s sexually graphic lyrics, performance style, and vocals, however the pair maintain a large and loyal fanbase, who encouraged their release of recent single “Safe Word.” These months are the last chance to see them perform hits like “Bewitched,” “Scream for my Icecream” and “Call Me Master.” Warming up the crowd are Tear Out The Heart, Vanity Strikes and Justin Symbol. Revolution Bar & Music Hall, 140 Merrick Rd., Amityville. revolutionli.com $12, $15 DOS. 6 p.m. Dec. 5.Sebastian BachFrontman of heavy metal hellraisers Skid Row, actor and author, will be signing copies of his new book 18 and Life on Skid Row. Ask him about his heydays back when metal ruled the airwaves, his inspiration for the “Youth Gone Wild” and phenomenally infectious ballad “I remember You.” Bach rocks! Book Revue, 313 New York Ave., Huntington. bookrevue.com Free with purchase of book. 7 p.m. Dec. 5.Jerrod CarmichaelThis comedian, actor and writer is known for his creation and presence on NBC series The Carmichael Show, role in hit movie Neighbors, and HBO stand-up comedy special filmed by Spike Lee, Jerrod Carmichael: Love at the Store. With a recent wrap of season two of his show, and upcoming appearance alongside Mark Wahlberg in Transformers 5: The Last Night and Lorene Scafaria’s The Meddler, Carmichael is adding to his success by writing a feature for himself and spreading his vivacious personality and irresistible comedy. Get ready to laugh, laugh, laugh! Governor’s Comedy Club, 90 Division Ave., Levittown. govs.govs.com $22. 8 p.m. Dec. 5.Main Art: The Ataris rock Revolution Bar & Music Hall on Dec. 4! (Photo: The Ataris official Facebook profile)-Compiled by Ellie Schoeffel, Timothy Bolger & Zachary B. Tirana IIIlast_img read more

  • Chenango and Delaware counties coronavirus update (May 16)

    first_img64 total confirmed casesEight active casesSix individuals in mandatory quarantineTwo individuals in precautionary quarantineThree active hospitalizations52 recoveriesFour total deaths Delaware County: 113 total confirmed cases33 individuals in mandatory quarantineThree individuals in precautionary quarantineFour active hospitalizations82 recoveriesFour total deaths Chenango County:center_img (WBNG) — Here are the latest coronavirus numbers in Chenango and Delaware counties. For more coronavirus coverage, click here.last_img read more

  • As winter approaches, experts warn seasonal depression may increase this year

    first_imgDr. Michael Lavin, director of psychiatry and a psychiatrist at Lourdes Center for Mental Health, says that symptoms of seasonal depression include fatigue, weight gain, pulling away from friends and family, and not wanting to do activities. He also says there usually is some sort of history with people who get diagnosed. He adds that exercise, investing in certain light therapies, and staying connected with families can all help, too. Dr. Lavin says that it’s important for people to keep themselves active so that they can help prevent it and don’t get into a funk. center_img (WBNG) — As the days get colder and gloomier, medical experts warn that that there may be an increase in seasonal depression this year. last_img read more

  • CDC finds patterns in novel flu hospitalizations

    first_imgMay 19, 2009 (CIDRAP News) – In a first early look at trends in patients who have been hospitalized with novel influenza H1N1infections, the Centers for Disease Control and Prevention (CDC) said today that all but one of a group of 30 patients presented with fever and that about two thirds of them had an underlying medical condition.The CDC’s review, based on California patients who were hospitalized from Apr 20 through May 17, appeared yesterday in an early online version of Morbidity and Mortality Weekly Report (MMWR). Anne Schuchat, MD, interim deputy director CDC’s science and public health program, said during a media briefing today that the majority of patients recovered without problems after short hospitalizations, though some had severe illness with prolonged complications and remain hospitalized.As of May 17, California officials have reported 553 confirmed or probable novel influenza cases. The 30 patients who were hospitalized are from 11 counties, most located in the southern or central part of the state. The age range was 27 days to 89 years, with a median age of 27.5 years.The report contains detailed clinical descriptions of four patients that represent a range of illness severity, including:A 5-month-old girl who was born premature, has multiple underlying health conditions, and apparently became infected with the new flu strain at the hospital, where she remainsA 29-year-old woman, previously healthy, who had pneumonia, was treated in the intensive care unit (ICU), and was discharged from the hospital after 9 daysA 32-year-old man with a history of obstructive sleep apnea who had pneumonia, was treated in the ICU, and was discharged from the hospital after 10 daysAn 87-year-old woman with multiple health conditions who remains hospitalized in critical conditionThe most common diagnoses at admission were pneumonia and dehydration. Of the 19 patients who had underlying health conditions, the most common were chronic lung disease, immunosuppression, cardiac disease, diabetes, and obesity. The most common symptoms were fever, cough, vomiting, and shortness of breath. “That’s unusual for seasonal flu,” Schuchat said.Five of the patients were pregnant. Two of the women miscarried—one at 13 weeks and the other at 35 weeks. CDC officials emphasized last week that pregnancy is a known influenza risk factor and that pregnant women who have suspected, probable, or confirmed novel flu cases should receive oseltamivir (Tamiflu) for 5 days.None of the patients had microbiological evidence of a secondary bacterial infection. Schuchat said that mirrors what CDC officials are seeing elsewhere, but she added that researchers are monitoring the situation closely. A previous report on Mexican patients who died from novel influenza infections also indicated that many had viral, not bacterial, pneumonia.Half of the patients received oseltamivir, and five were treated within 48 hours of symptom onset. Of the 15 who didn’t receive antiviral treatment, 6 sought medical care more than 48 hours after they got sick.Though the patients who needed prolonged intensive care were more likely to be very young, be very old, or have a debilitating underlying medical condition, the CDC emphasized that one 18-year-old patient who was relatively healthy and had only mild chronic lung condition required ICU treatment and a ventilator.Schuchat said the CDC recommends that all hospitalized patients be monitored carefully and receive antiviral therapy, even if they’re past 48 hours of symptom onset.CDC. Hospitalized patients with novel influenza A (H1N1)virus infection, California, April-May 2009. MMWR 2009 May 18;58(Early Release):1-5 [Full text]See also:May 12 CIDRAP News story “CDC urges vigilance for pregnant women with flu symptoms”last_img read more

  • PREMIUMIndonesia to hold another ulema conference to bolster peace in Afghanistan

    first_imgForgot Password ? Topics : Linkedin Indonesia will host another ulema conference to help bolster stability in Afghanistan, which just received a major boost as the United States and representatives of the Taliban movement signed a peace deal in Qatar on the weekend.Foreign Minister Retno Marsudi, who was in Kabul on Sunday, held meetings with President Ashraf Ghani and a number of Afghan government officials to convey Indonesia’s support for “sustainable peace” in the country.The Taliban’s political chief, Mullah Abdul Ghani Baradar, signed on Saturday the Comprehensive Peace Agreement (CPA) with US special envoy Zalmay Khalilzad aimed at ending the Afghan war, the hard-line Islamist group said in a statement on Sunday.”The signing of the agreement between the US and the Taliban in Doha and the Joint Declarations of the Governments of Afghanistan and the … Log in with your social account Google LOG INDon’t have an account? Register here Facebook Afghanistan Afghanistan-President-Mohammad-Ashraf-Ghani Retno-Marsudi peace-accord Talibanlast_img read more

  • MEPs reignite war of words over prudent accounting standards

    first_imgMembers of the European Parliament’s Committee on Economic and Monetary Affairs (ECON) have launched a stinging attack on the International Financial Reporting Standards (IFRS) and the London-based International Accounting Standards Board (IASB).A neutrally worded draft of the now explosive report emerged in January.It hinted that the Parliament had softened the tone of its rhetoric against IFRSs.But a series of draft amendments to that report, obtained by IPE, reveal that the Parliament is on a collision course with the more IFRS-friendly European Commission. Following publication of the January draft, German Green MEP Sven Giegold, a noted IFRS sceptic at the parliament, issued a public call for comments.In response to that request, the Local Authority Pension Fund Forum (LAPFF) slammed both the IASB’s accounting rules and the Foundation’s governance.IPE has also obtained a copy of the LAPFF submission to the MEPs, in which LAPFF chairman Cllr Kieran Quinn argues: “There should be no risk or perception that accounting standard setting is a collusive activity between auditors and management.”But, he continued, “the governance and funding structure of the International Accounting Standards Board makes that a serious possibility”.He adds: “The draft report overstates the benefits of IFRS. In evidence to the UK Parliament Treasury Committee on 15 December 2015, the Bank of England confirmed the removal of expected losses (prudence) from the accounting standards caused the assumptions on which the Basle Regime was based to fail.”The move reignites a row between the London-based accounting rulemaker and politicians in Europe that has been on the backburner since 2014.In March 2014, members of the European Parliament warned the IFRS Foundation that it must address investor concerns about prudence in accounting.They also said the Foundation must clean up its corporate governance act after evidence of misdeeds ranging from perjury to waste of public funds emerged.The IASB and its Delaware-based parent, the IFRS Foundation, are responsible for the accounting rulebook that listed companies, including banks, must follow across the European Union.Back in 2014, MEPs voted to stump up €43m of public money over six years to fund the activities of the London-based IASB, the Public Interest Oversight Board, and the EU’s own accounting adviser, the European Financial Reporting Advisory Group.Release of the funds was conditional on the Foundation’s meeting the demands of an increasingly militant Parliament.At the heart of the current furore is the IASB’s new financial instruments standard IFRS 9.Although it contains a more forward-looking assessment of bank loan losses than its predecessor, many investors argue that it is defective and could mask a brewing crisis.In September 2015, the LAPFF wrote to the European Commission arguing that EFRAG’s endorsement on IFRS 9 to the Commission was defective.Since 2008, the LAPFF has lobbied IFRS sceptic politicians in Europe such as Gielgold and UK Conservative MEP Syed Kamall.Kemall has long questioned whether it is “right for the EU to outsource standard-setting to what is in effect a private sector body, funded by taxpayers’ money.”Among the proposed amendments to the ECON report is one that slams the IASB’s proposed treatment of prudence.It reads: “The IASB’s interpretation of ‘prudence’ only means ‘prudent treatment of discretion’.”The MEPs go on to demand that the notion of ‘reliability’ accompany prudence.Long-term investors such as the LAPFF and a wider investor coalition claim that prudence or caution in accounting is an important safeguard against fantasy accounting profits.Meanwhile, away from the accounting framework, the Parliament also lined up to attack the IFRS Foundation over waste of public funds.In a further set of amendments, the MEPs call on the Commission “to urge the IFRS Foundation to base its financing entirely on fees or public sources and to eliminate excessive remuneration to Board members”.According to the amendment, the IASB chairman, Hans Hoogervorst, received a total of £554,000 for the role of IASB chair; the IASB vice-chairman Ian Mackintosh a total of £488,500; and other full-time IASB members an average of £455,700.As a result of the Delaware-incorporated foundation’s charitable status for US tax purposes, the IFRS Foundation is required to file tax information in a Form 990.IPE has established that this information was supplied to the European Parliament in both 2014 and more recently.The MEPs have also called for the IASB to be “transformed into a public standard-setting mechanism under the aegis of an international treaty”.last_img read more

  • Labour official highlights challenges of employees

    first_imgLocalNews Labour official highlights challenges of employees by: – May 4, 2012 Share Tweet Permanent Secretary in the Ministry of Labour Nicholas Bruno has said that employees today are being challenged more than ever before.Bruno was addressing the 6th Biennial Conference of the Dominica Public Service Union held under the theme “Championing Workers Right through Advocacy and employment”.He said the challenges that affect workers around the world also affects business, employers, governments and respective countries.“The current state of unemployment worldwide, brought on by the global financial crisis, made no exception and left no country unaffected. In this grim climate of diminishing employment opportunities, the obligation of labour organizations to espouse the role and responsibility of employees is even more critical,” he said.According to Bruno, the interaction between employees and employers shapes the industrial relationship environment where labour issues emerge and are resolved. “It is now believed that workers rights are an idea that can only be achieved through social dialogue and engagement among stakeholders,” he said.He said the traditional and confrontational approach has given way to this new and effective form, which calls for enlightened workers, seeking dialogue and exchange in achieving desired objectives and maintaining standards at the workplace.Dominica Vibes News Sharing is caring!center_img Share 19 Views   no discussions Sharelast_img read more

  • China’s new coronavirus infections hit daily record

    first_imgA woman wearing a face mask holds a child near a shopping mall in Beijing, China, as the country is hit by an outbreak of the new coronavirus on Feb. 1. REUTERS/STRINGER BEIJING – China’s new confirmedinfections from the coronavirus outbreak increased by a daily record, up by2,590 cases on Saturday to top 14,000, as the quickly growing epidemic promptedglobal travel restrictions and evacuations. All the new deaths and most of the newinfections on Saturday were in central Hubei province, the epicenter of the flu-likecoronavirus outbreak. The death toll from the coronavirusoutbreak in China had reached 304 as of the end of Saturday, a statebroadcaster said on Sunday, citing the country’s National Health Commission. The World Health Organization thisweek declared the outbreak a public health emergency of international concern.(Reuters)last_img read more