Harvard has announced the establishment of its 11th endowed coaching position. A generous gift from Gregory Lee ’87 and Russell Ball ’88 establishes the Gregory Lee ’87 and Russell Ball ’88 Endowed Coach for Squash. Newly appointed director of squash Mike Way will be the first coach to hold the position.Ball and Lee, friends and former squash teammates, endowed the position in honor of their fathers, Theodore B. Lee ’54, who has been a longtime supporter and advocate for Harvard College, the Harvard Alumni Association, and Harvard Athletics, and Russell C. Ball Jr., who loved squash and used it as a vehicle to impart many life lessons: sportsmanship, humility, respect, perseverance, competition, and the power of dedication and hard work. The long tradition of excellence within the Harvard squash program was built on these principles. The Lee and Ball families hope this gift will benefit generations of Harvard squash athletes and unite the alumni in continued support of the program.“I feel very fortunate to be in the position to give something back to the Harvard squash program,” Ball said. “When I look at the experiences I have had throughout my life, the four years at Harvard are very special. Coach [Dave] Fish was a great squash coach, educator, as well as a tremendous mentor. Although we all became much better squash players while at Harvard, the life lessons we learned helped create a foundation for future success. I also appreciate the wonderful friendships I developed as a result of playing on the squash team. The common bond we all share has helped to sustain these incredible lifelong friendships. I really appreciate the opportunity to share this gift with Greg Lee, my friend and teammate.”“I am honored to give something back to Harvard and to the squash program, and to honor my father, Ted Lee,” Lee said. “Though my father did not play squash, he recognized that the game required the qualities he wanted to instill in me: hard work, humility, and fair play. These qualities guide my leadership, and for that I am most grateful. I was fortunate to play on teams with extraordinary players, and to learn from them every day. I learned how to play squash, how to compete and still be friends, and how to measure my success by my own improvement. My experience at Harvard and playing squash gave me lifelong friendships that continue to enrich my life. I am honored to be able to share this gift with my good friend, Russ Ball.”Dave Fish ’72, the Scott Mead ’77 Family Head Coach for Men’s Tennis, had the honor of coaching both Ball and Lee on the squash team. “It is gratifying to see two players from some of Harvard’s greatest teams of the 1980s step up so generously to endow the Harvard squash coaching position,” Fish said. “Both Russ and Greg always put the team first when they were members of the team, and have continued in the same spirit now. I’m sure they are both delighted as I am that Michael Way will be the first Harvard coach to benefit from their support.“Also, having had the good fortune to know and admire their parents, their support also reflects admirably on the lessons of their parents, who were also generous stewards of Harvard and other institutions. This gift will enable Harvard to attract squash coaches of the finest caliber, now and in the future.”Harvard won four Ivy League and national team titles during Ball and Lee’s time at Harvard. Ball was a three-time All-American, four-time first-team All-Ivy League recipient, and served as captain in 1988.Bob Scalise, the Nichols Family Director of Athletics, noted the endowment strengthens one of Harvard’s most successful programs. The Crimson has won 31 men’s and 12 women’s national titles, including the women’s crown in 2010. “The sport of squash at Harvard has earned more national championships than any other sport and has a tradition of educating our students in sport and life. I am thrilled that Russ and Greg stepped up to give us a chance to highlight what an exceptional program we have.”
With longer and hotter heat waves in the offing, a Harvard professor has put the urban “heat island” under the microscope, finding smaller heat islands — mainly occupied by the poor — within city limits, and identifying features that could counter their effects.Hurricane Sandy’s toll on New York and New Jersey brought into stark relief the threat that rising sea levels pose to urban areas, sending officials around the world scrambling to begin efforts to mitigate climate change. But Joyce Klein Rosenthal, an assistant professor of urban design, said it would be a mistake if those plans focused on coastal storms and sea level rise to the exclusion of heat waves.The deadly potential of heat waves has become clearer in recent years, most strikingly through an August 2003 heat wave in France that caused an estimated 14,800 excess deaths. Further, climate modelers believe that by 2050, heat-related deaths may be up 70 percent in the New York City region alone.What that means, Rosenthal said, is that it’s important to think about ways to cool the city’s hot spots, as well as protect its coastal communities and move utility connections out of the basement.“Everyone in the design community was galvanized by Sandy and we absolutely need to work on coastal solutions, but we also have to be mindful that sea level isn’t the only threat,” Rosenthal said.The new study is one of the few to examine the effects of extreme heat within New York. Published in the journal Health and Place, it was conducted by Rosenthal, Patrick Kinney from Columbia University, and Kristina Metzger, formerly of the New York City Department of Health and Mental Hygiene.The report analyzed heat-related mortality rates in residents over 65 among 59 New York community districts and 42 United Hospital Fund neighborhoods between 1997 and 2006. Citywide, it found a 4 percent increase in deaths on the hottest days, those with a heat index of 100 or greater. The deaths were unevenly distributed, however, with higher rates in neighborhoods in the southern and western Bronx, central Brooklyn, northern Manhattan, and the eastern side of midtown.In examining neighborhood effects, the study showed a strong correlation between excess deaths and poverty, poor housing quality, hypertension, and impervious land cover.“It is known that there is an unequal distribution of risk from climate change around the world,” Rosenthal said. “What’s less known is that there is a significant variability of risks from climate change and extreme events within American cities, related to poverty and conditions in the built environment.“It’s very important to recognize that designers, architects, and urban planners have the capacity and agency to improve urban conditions. What’s exciting to me is that, through intra-urban analysis of the effects of place on health, we can focus on modifiable exposures. If we understand the finer-scale spatial and social patterns of vulnerability within cities, we have a better chance at implementing more effective adaptive strategies with communities.”To be sure, Rosenthal said, several cities — New York among them — have taken steps to ease the heat for vulnerable residents, with longstanding programs to distribute fans and air-conditioners and open cooling centers on the hottest days. Some cities have developed “cool roofs” projects and building code requirements that encourage re-covering acres of black tar roofs with light-colored materials that mitigate rather than intensify the heat.The study provides data to support such efforts, and to add trees and parks to the built environment, Rosenthal said. Some interventions can be as simple as putting bars on windows, so that elderly residents feel secure enough to open them. Other programs that give residents a break on electric bills can encourage the use of air conditioners.“Studies like this provide health outcome-related evidence supporting adaptive interventions,” Rosenthal said. “We have health disparities in the spatial distribution of excess mortality of seniors during heat events. The types of characteristics we found to be associated [with that mortality] are within the collective ability of municipalities to intervene.”Rosenthal framed heat as another environmental pollutant, disproportionately affecting the poor and communities of color.“Heat, like ground-level ozone, is an environmental stressor, unevenly distributed in places where there are less trees, less green space, and associated with poorer housing quality,” Rosenthal said. “At every scale [examined], income levels are associated with surface temperatures. Poorer neighborhoods are hotter; wealthier neighborhoods are cooler. Urban design strategies can make a difference in reducing urban micro-heat islands.”Rosenthal said an aging population, a hotter climate, and a lack of affordable housing, if not addressed, may constitute a “perfect storm” for future heat wave deaths.“It’s really a great concern, and one that needs to be taken seriously. This study adds evidence: Does greening a neighborhood make a difference? Can efforts to improve livability of a neighborhood make a difference? The answer is yes. The disciplines of the built environment — urban planning, architecture, landscape architecture, and urban design — have the knowledge and responsibility to make a difference.”
The early burst of warm weather brought sunny skies and Spring skiing and riding conditions to Stratton, but it also meant great things for golfers as well. Thanks to Mother Nature s glow, Stratton s 27-hole championship golf course opened on Monday morning, five days earlier than expected, a rare feat for an elevated mountain course. Stratton has had a long tradition as a hotbed for summer golf. Designed by Geoffrey Cornish, the resort was a six-time stop on the LPGA Tour. Three different layouts (Mountain, Lake and Forest) will challenge golfers of all abilities, with picturesque views of Southern Vermont s highest peak. The fifth hole of the Mountain course is the longest Par 5 in Vermont at 621 yards from the blue tees. Stratton is one of only two public access courses in the state with more than 18 holes. Cedar Knoll in Hinesburg also has 27 holes.Opening day golfer Mike Ciotti takes aim on the Lake Course at Stratton Mountain Resort (Photo: Stratton Mountain Resort)Source: Stratton. 5.17.2010
By Dialogo October 16, 2009 Some 1.9 million people in Haiti — more than one in four Haitians — are undernourished, according to a new report by the country’s National Food Security Coordination Unit (CNSA). Haiti’s Minister for Women’s Affairs Marie-Laurence Lassegue said rural women are among worst affected and tend to suffer disproportionately. “Rural women are among the first victims of crisis and are the worst hit,” she said on Thursday, when United Nations marks Rural Women’s Day. CNSA Director Pierre-Gary Mathieu noted that the situation has improved somewhat in the country since 2008, when three million Haitians were without food in the wake of four devastating hurricanes. He attributed the improvements to a good spring harvest and “the combined efforts of the government and non-governmental organizations, which have distributed plenty of food to disaster zones and invested in agriculture.” Nevertheless, Mathieu warned that the number of Haitians going hungry could quickly shoot back up to 2008 levels if crisis struck again. “The risk of new storms, unavailability of food products, difficulties accessing production zones and the quality of the available food products, along with high rates of poverty, are among the factors that could produce a new crisis,” he said. Children under the age of five, women, and HIV/AIDS patients are among the most vulnerable, said Mathieu, whose organization published the report a day ahead of the Food and Agriculture Organization’s World Food Day. The group recommends continued support for school cafeterias and an increase in environmental protection projects, which could provide jobs in a country suffering from nearly 60 percent unemployment. The World Food Program (WFP) and its partners have prepositioned more than 8,000 tonnes of food ready to be distributed in 13 regions in Haiti, which is among 16 countries identified by the WFP as particularly vulnerable to food insecurity.
No time? No money? For many small credit union CEO’s, this is their tagline for their daily workload. Yet it doesn’t excuse them from the necessity of having to deal with IT examiners. The NCUA recommends third party risk assessments for credit union IT networks and systems, which often includes penetration and vulnerability scans. But third parties don’t operate on good will alone, and money must be spent to perform such IT assessments. So when a small Credit Union, who has no room in their budget for a third party assessment, wants (or needs) to assess their IT risks, what options are available?About a year ago we reported that credit union examiners are now asking smaller credit unions to perform self assessments (Read our article: Credit Union Examiners are Now Requiring You Do What to Yourselves?) While acknowledging these are not a replacement for the third party assessments that they often times require of larger credit unions, they can be valuable substitutes to smaller CU’s without the deeper pockets of their larger counterparts.It is difficult for anyone to truly and honestly audit themselves. An audit, by definition, is “an official inspection of an individual’s or organization’s accounts, typically by an independent body.” But when faced with a looming IT examination, having one’s “books in order” can go a long way for a smaller CU to start off on the right foot with the examiner. continue reading » 15SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The CFPB, Federal Trade Commission and 48 states, the District of Columbia and Puerto Rico yesterday announced a $700 million settlement with Equifax related to its 2017 data breach that affected more than 147 million U.S. consumers. This incident in particular brought renewed focus to NAFCU’s longstanding call for a national data security standard.The settlement – if approved by the federal court in the Northern District of Georgia – would provide up to $425 million in relief to consumers, as well as a $100 million civil money penalty and other relief. Affected consumers would also be eligible to receive at least 10 years of free credit-monitoring and at least seven years of free identity-restoration services.“Today’s announcement is not the end of our efforts to make sure consumers’ sensitive personal information is safe and secure,” said CFPB Director Kathleen Kraninger. “The incident at Equifax underscores the evolving cyber security threats confronting both private and government computer systems and actions they must take to shield the personal information of consumers. Too much is at stake for the financial security of the American people to make these protections anything less than a top priority.” continue reading »
As more and more credit unions start offering (or think about offering) new services to their members, it is vital to understand the obligations and risks involved with those services. One common service being added or expanded is person-to-person (P2P) transfers. This service allows members to send or receive money from other individuals and allows credit unions to compete with popular app-based services that also provide P2P transfer services.Many P2P services are provided via online banking or a mobile app and use the ACH network to process the transfers. In that case, a credit union is providing ACH origination services to its members and has two options for doing so: ACH debit or ACH credit transfers. Today’s post covers some of the basic compliance differences between the two options.ACH Debit TransfersAn ACH debit transfer works like this: Harry owes Sally $50. Sally logs on to her online banking platform at The NYC Credit Union and initiates a P2P transfer for $50 from Harry’s account. Harry’s account at Manhattan FCU is debited $50 and the funds are credited to Sally’s account. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »
After the CDC completes more analysis of the study data in 2009, the company may seek FDA clearance to further shorten the vaccine course, if the strategy is supported by the data, Emergent said in its press release. The FDA’s approval is based on early findings from a large multicenter trial that was initiated by the US Centers for Disease Control and Prevention (CDC) in 2002, according to the statement from Emergent. The goal of the study is to evaluate if as few as three doses of the vaccine administered over 6 months with booster doses up to 3 years apart will offer sufficient protection. The vaccine is required for US military members who are deployed to the Middle East, but some have objected to the vaccine because of side effects. Emergent BioSolutions, maker of BioThrax, said in a Dec 19 press release that the FDA’s approval of the company’s supplemental biologics license application for its anthrax vaccine adsorbed (AVA) allows a new schedule for the vaccine: five intramuscular (IM) doses compared with the previous regimen of six subcutaneous doses. Dec 22, 2008 (CIDRAP News) – The US Food and Drug Administration (FDA) recently approved a new version of BioThrax—the nation’s only licensed anthrax vaccine—that requires fewer doses and changes the injection route. See also: Daniel Abdun-Nabi, Emergent’s chief operating officer and president, said in the statement that the FDA’s approval is an important milestone in the company’s mission to advance the usefulness of BioThrax. “We are pleased that the US government shares our commitment to enhancing this critical countermeasure. The CDC is to be applauded for their hard work and diligence throughout this important effort,” he said. Oct 6 CIDRAP News story “Trial offers hope for shortening anthrax-shot series” Dec 19 Emergent BioSolutions press release According to the new schedule, the vaccine is administered at 0, 1, 6, 12, and 18 months. The previous course involved the same schedule, plus a dose at 2 weeks. The company recommends annual booster doses with the new dosing, the same as for the previous schedule. The report said the subcutaneous injection route might make the vaccine more tolerable and that reducing the number of doses in the AVA schedule could help conserve the vaccine supply. Since 1998, federal officials have ordered 32 million doses of BioThrax, and nearly 7.9 million doses have been administered to more than 2 million military members, the company said. In October, researchers published their interim findings on the new BioThrax schedule in the Journal of the American Medical Association. Investigators reported that the subjects who received three or four IM, doses over 6 months had similar antibody responses to those who received four subcutaneous doses over 6 months. The volunteers who received four IM doses had fewer injection-site reactions than those who received four subcutaneous doses.
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Less than half of pension fund trustees say that moving scheme assets to a commercial consolidator would “significantly improve” the defined benefit (DB) pension landscape in the UK, a survey has claimed.According to Willis Towers Watson (WTW), the consultancy group, just 43% of the 93 UK pension fund trustees canvassed said they backed the efficacy of commercial consolidators.Only 26% of respondents said they would feel “comfortable” about transferring their assets to a superfund.“Many trustees are expecting to be asked by their scheme sponsor to sign off on moving the scheme into a consolidation vehicle, but our research shows that very few would feel comfortable weighing the potential benefits and disadvantages at this stage,” said Gareth Strange, senior director at Willis Towers Watson. “It’s a difficult decision that trustees aren’t used to making.”Superfunds are relatively new to the UK pension fund industry. Earlier this year, the Pension SuperFund – led by CEO Alan Rubenstein, the former chief executive of the Pension Protection Fund (PPF) – launched with the aim of attracting £500bn (€570bn) of pension assets.However, questions remain over the future legislative and regulatory framework for the new vehicles.Earlier this month, the PPF warned in a submission to the UK’s influential parliamentary Work and Pensions Committee of the “significant risks posed by ‘superfund’ consolidators”.The PPF said: “Essentially, if the superfund model gains traction and superfunds achieve sufficient scale, they could pose a systemic risk to PPF levy payers who would essentially be underwriting their investment strategy.”Yet for others, the economies of scale offered opportunities to both cut costs and apply pressure to reduce fund management fees. Earlier this month, WTW launched a defined benefit (DB) scheme management service that it said could provide pension funds with a pathway to joining a consolidator.However, Strange warned that the process was not always straightforward.“The sweet spot for these consolidators is likely to be schemes that are already reasonably well funded and where the employer could inject some extra cash quickly, but in order for trustees to sign off on it, they would have to be confident that the consolidator’s long-term viability is stronger than that of their own scheme sponsor,” he said.“This could result in quite limited take up for superfund consolidation vehicles.”