Hand washing and pandemic planning

first_imgAccording to a Weather Channel report, several schools in the U.S., and in some cases entire districts, have canceled classes this week due to a high percentage of students sick with the flu and other seasonal illnesses. While not a worldwide pandemic, local and regional flu outbreaks are risks to more than just schools and neighborhoods. Credit unions can be greatly affected by the outbreak of illness among staff and members. This blog serves to provide all our compliance friends with information on pandemic preparedness and remind you of the importance in having an updated business continuity plan.NCUA explained in Letter to Credit Unions 01-CU-21, that a credit union’s contingency plans should consider the worst case scenario. Additionally, the board of directors and senior management should set procedures to ensure the plan’s success. A credit union’s contingency or business continuity plan should account for the operation of critical systems and anticipate where the greatest need would be if the credit union lost access to employees, resources, or systems. NCUA gives some insight as to how credit unions can establish a minimum acceptable service level based on the type of emergency faced:“In evaluating minimum levels, credit unions should consider:Minimum number of employees required;Ability to bring in outside human resources; ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

Investing in bonds safe bet amid market volatility: Experts

first_img“They think the bond market doesn’t offer capital gains, that’s wrong because there’s the secondary market,” Jason said, arguing that the secondary market provided ample capital gains, especially in long-term benchmark series. “But nobody talks about this to millennial investors.” Jason also argued that the majority of young investors would be better off investing in bonds than the stock market as the former offered stable returns.Jason added that a lack of exposure contributed to the low level of participation in government bonds among retail investors, despite his observation that fixed-income funds and money market funds had outperformed equity funds.The Finance Ministry’s director for government debt securities, Deni Ridwan, acknowledged that the reason many retail investors were reluctant to invest in government bonds was not just because they lacked exposure but also because of infrastructure hurdles. The Indonesia Stock Exchange (IDX) is currently developing an electronic trading platform that will include government bonds in partnership with global fixed income trading software company AxeTrading Ltd.“Hopefully, bonds will be traded as easily as trading stocks,” Deni said during the webinar. The government plans to issue retail government bonds worth Rp 50 trillion to Rp 70 trillion, Finance Minister Sri Mulyani Indrawati’s stated during a April 30 working meeting with House of Representatives Commission XI overseeing financial affairs.The Indonesian government is mostly financing its Rp 677.1 trillion fight against the COVID-19 outbreak by issuing bonds, with Rp 1.2 quadrillion in debt financing planned for this year, according to the ministry’s data dated June 3. It issued Asia’s first 50-year dollar bond in April and in the second half of the year will offer Indonesia’s first-ever diaspora bonds.  “This is an opportunity to invest and gain profit, but at the same time, also contribute to the fight against COVID-19,” said Deni, emphasizing that investing in government bonds was “investing in a good cause”. Founder of online financial planner Finansialku Melvin Mumpuni said new investors needed to set out their financial goals and seek advice, prior to choosing an investment instrument.While bonds can be included in one’s investment portfolio, Melvin explained how assets should be allocated across different investment instrument baskets. Indonesian government bonds are considered attractive by foreign investors because the country has been able to maintain a low debt to gross domestic product (GDP) ratio of around 30 percent, compared with more than 100 percent in Singapore, Japan and the United States.Indonesian government bonds in the benchmark 10-year series have also offered a real yield of 5.01 percent, which is higher than other emerging markets such as Thailand (4.05 percent), the Philippines (1.09 percent) and India (0.23 percent), Mandiri Sekuritas data show.Topics : Over the past year, Indonesian sovereign bond returns have been higher than the sovereign bonds other emerging markets as well as the Jakarta Composite Index (JCI), the benchmark stock index, according to total return index figures from Bloomberg and Mandiri Sekuritas.“Foreign investors have enjoyed the bond rally, [but] unfortunately, retail participation is still low,” said Handy, citing data from the Finance Ministry’s debt management office that show a retail investor participation rate of 3 percent in tradable government bonds. Foreign investors account for 38 percent of ownership, followed by non-bank institutions and banks at 22 percent and 21 percent, respectively.The JCI has dropped 15 percent overall in the past year and nearly 22 percent so far this year. Meanwhile, one-year rupiah deposit rates at local banks stand at around 4 to 5 percent. The government’s last retail bond issuance came with a fixed 6.8 percent coupon rate per year while the benchmark 10-year yield stood at 7.26 percent on Wednesday.Jason Gozali, the founder of young investors community Investor Muda, stated that “bonds are the most underestimated asset by retail investors”.  While not particularly popular among retail investors, investment in the bond market provides prospects for a safe and steady income, as the government plans to issue more debt papers to fund the nation’s COVID-19 battle, a webinar has concluded.Handy Yunianto, head of fixed income research at Mandiri Sekuritas, said that low interest rates made it difficult to deliver high rates of return from investing in safer investments, such as time deposits. Meanwhile, the recent volatility in the stock market has stoked fears among individual investors of the prospects of losing their lifetime savings, he added.“Bonds provide diversification and smooth out the higher volatility connected with equities,” Handy said in his presentation during the webinar “Investing in a high-risk environment: Managing fixed-income funds”, part of The Jakarta Post’s webinar series “Jakpost Up Close”.last_img read more

US busts online drugs ring Farmer’s Market

first_img Tweet 14 Views   no discussions HealthInternationalLifestylePrint US busts online drugs ring Farmer’s Market by: – April 17, 2012 Sharing is caring! Sharecenter_img Share Share The secret ring supplied drugs to clients in 35 countries around the world, the US saidThe US authorities say they have busted a secret internet drugs market, where people around the world could buy LSD, ecstasy and other illegal substances.The ring – The Farmer’s Market – is said to have operated through a computer network which allows users to communicate anonymously.At least eight people have been held in the US, the Netherlands and Colombia.They have been charged with drug trafficking and money laundering and will face trial in the US.‘Clear message’The arrests were the culmination of the two-year Operation Adam Bomb, officials from the US Drug Enforcement Administration (DEA) announced late on Monday.The sophisticated ring had tried to hide its activities “through the use of advanced anonymising online technology,” said Briane Grey, the DEA’s acting special agent in charge.He added that the arrests “should send a clear message to organisations that are using technology to conduct criminal activity that the DEA and our law enforcement partners will track them down and bring them to justice”.The US authorities have identified Marc Willems, 42, as the “lead defendant”, who is believed to have created and run the network. He has been arrested at his home in the Netherlands.It is alleged that more than $1m (£630,000) worth of drugs sales were processed through the sophisticated ring which used the TOR computer network between 2007-09.The Farmer’s Market reportedly provided order forms, customer service and accepted payments through PayPal, Western Union and other means.It had customers in every US state as well as in 34 countries around the world.BBC Newslast_img read more

Martinelli: Shining light for Gunners

first_img Loading… Little was expected when the 18-year-old arrived to little fanfare for £6million in the summer, but the teenager has impressed with nine goals in 20 appearances. Despite Martinelli’s Gunners career having just started, however, club legend Ian Wright is ALREADY worried about losing the Brazilian forward. He told BBC Radio 5 Live: “When you see him you can see there is a hunger and a determination about him. I’ve been in contact with him with texts and things, you cansee that all he wants to do is do well.Advertisement Promoted ContentThe Best Cars Of All Time13 kids at weddings who just don’t give a hootThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreWhich Country Is The Most Romantic In The World?These TV Characters Left The Show And It Just Got Better2020 Tattoo Trends: Here’s What You’ll See This YearTop 10 Tiniest Phones Ever MadeCouples Who Celebrated Their Union In A Unique, Unforgettable WayCrazy Expensive Things That Taylor Swift Owns7 Reasons It’s Better To Be A VeganMeet The Happiest Shiba Inu On Instagram!Can Playing Too Many Video Games Hurt Your Body? Gabriel Martinelli has been a rare shining light in what’s been a desperately disappointing season so far for Arsenal. “He’s so hungry. I think it’s only Jadon Sancho as a teenager who has scored more goals than him in the top five leagues so he’s somebody that has definitely gotsomething in him. “We’re lucky to have him and if he carries on improving the way he is, then it’s going to be very difficult to keep hold of him. Read Also:Chelsea vs Arsenal: James doubtful for London derby “If they can create chances, the way he moves into the box, he’s going to score goals and that is what we need to concentrate on with Arsenal, scoring more goals andcreating more chances.” FacebookTwitterWhatsAppEmail分享 last_img read more