Category: fofabvlic

$1.8 billion mutual fund halts redemptions over alleged fraud

first_img Newsletters Todd Rosenbluth, director of mutual fund and ETF research at CFRA, said the Infinity Q fund is an example of how “alternative strategies can often be opaque making it hard for advisors to assess the risk and reward potential.”“However, it is extremely rare for any fund to halt redemptions,” he added. “We don’t think this alone should steer advisers away from alternatives.” 5 Why Tony Robbins, tax shelters and financial advisers don’t mix 2 1 House committee poised to advance SECURE 2.0 retirement savings bill Morningstar analyst Bobby Blue described the multi-strategy alternative fund as “pretty complex, and not something you will see in most retail investor portfolios,” but also doesn’t see a reason the underlying assets would have been so difficult to track.“It’s a complex model, but the variance and volatility swaps they were using are based on the volatility of the underlying instruments,” he said. “Those pricing numbers are available and they should have been able to price them.”The six-year-old fund, which has a four-star performance rating from Morningstar, is up less than 1% so far this year, and gained 5.9% last year.By comparison, the S&P 500 Index is up 3.3% this year and gained more than 16% last year. For reprint and licensing requests for this article, click here,MOST READ On Monday, Infinity Q Innovative Investments informed investors in the fund that it had received approval from the Securities and Exchange Commission to “suspend redemptions and postpone the date of redemption payments beyond seven days” because it is “unable to value certain assets held in the fund.”The SEC’s order states that the fund learned on Feb. 18 that Infinity Q chief investment officer and company founder James Velissaris had been tweaking the methodology for counting certain asset valuations, which raised doubts about the accuracy of the reported fair value of those fund holdings.Infinity Q could not be reached for comment for this story.The company posted on its website confirming the SEC findings on Feb. 19 stating that “it could not value the assets for purposes of calculating the fund’s net asset value.”According to the company statement, Velissaris “has been relieved of his duties,” effective Feb. 21.center_img 3 4 As an open-end mutual fund, the alternative strategy fund is required to be able to redeem its shares at the net asset value every business day.The company stated that it intends to proceed with a liquidation plan and distribution to shareholders, both of which will be presented to the SEC for approval. There is no estimate as to when the liquidation and distribution will be completed. House panel unanimously passes SECURE 2.0 For proof that even the most regulated corners of the asset management space can be circumvented with enough effort, look no further than the $1.8 billion Infinity Q Diversified Alpha Investor Fund (IQDAX), which has halted investor redemptions in the mutual fund due to alleged portfolio manager fraud. The Gates divorce: Lessons for financial advisers Subscribe for original insights, commentary and analysis of the issues facing the financial advice community, from the InvestmentNews team. InvestCloud to acquire Advicent and NaviPlan planning softwarelast_img read more

Cell of an achievement: Solar Impulse aircraft completes historic journey

first_imgCell of an achievement: Solar Impulse aircraft completes historic journeyJubilant scenes as Bertrand Piccard touches down in Abu Dhabi to complete the Solar Impulse 2’s round-the-world flight powered by the sun. July 26, 2016 Ian Clover Energy Storage Finance Installations Markets Markets & Policy Share History was made today when Bertrand Piccard gently touched the nose of the Solar Impulse 2 (si2) aircraft down on to the hot, dry runway in Abu Dhabi at 4:05 am local time, marking the end point of an epic journey that began in this same spot 17 months ago. The Si2’s epic journey has covered 43,000km, made 16 stops, crossed both the Pacific and Atlantic Oceans and captured the world’s imagination by doing all this without a single drop of fuel. Upon emerging from the one-man cockpit, Bertrand was immediately embraced by fellow pilot and Solar Impulse co-founder Andre Borschberg, who shared flying duties during the historic journey. Covered in 17,248 SunPower solar cells, it was the sun what won it: solar PV technology kept the plane in the skies and ensured there was enough juice in the four lithium polymer batteries to fly through the night. The project’s emphasis has always been one of breaking down psychological barriers to what is possible with clean and renewable energy, but the technical achievements made during this journey are equally impressive, and could some day pave the way for more solar-powered aircrafts taking to the skies. All that lies some way in the future, but Piccard was quick to point out that such a future is now a step closer than we think. “The future is clean. The future is you. The future is now. Let’s take it further,” he told the crowd that had gathered on the runway. “This is not only a first in the history of aviation; it’s before all a first in the history of energy. I’m sure that in 10 years we’ll see electric airplanes transporting 50 passengers on short- to medium-haul flights. But it’s not enough. The same clean technologies used on Si2 could be implemented on the ground in our daily life to divide by two the C02 emissions in a profitable way. Si2 is only the beginning.” Despite only flying for 23 days, the Si2 journey took longer than a year, due largely to a mixture of caution and bad luck. The initial plan was to circumnavigate the globe in around four months, but damage to the plane’s batteries as Borschberg came into land in Hawaii – following a record-breaking five-day solo flight over the Pacific – meant that the team took the decision to delay the next leg by around ten months in order for the necessary repairs to be made. However, the aircraft still clocked up 19 world records (some pending), completed more than 500 flight hours, and made stops in Oman, India, Myanmar, China, Japan, the U.S., Spain, Italy, Egypt and the UAE. Indeed, the chief limitations evident during the journey were mankind’s innate inability to go where the technology goes. Fatigue during long solo flights was taken incredibly seriously, with both pilots learning yoga and self-hypnosis in order to cope with the stresses and demands placed on them in the 3.8 meter cockpit. Over a typical 24-hour stretch, the pilots would allow themselves just 12 naps of 20 minutes each, with the dedicated ground crew keeping a watchful eye during lights out. The painstaking detail that went into the route, the timing of each flight, the weight and size of the cabin and the fuselage, the technology required on board, and the trade-off between more power and less weight ensured that thousands of new patents were filed during the plane’s creation. However, it was the relatively simple fact that solar cells produce clean and infinite energy which really made it all possible. “By flying around the world thanks to renewable energy and clean technologies, we have demonstrated that we can now make our world more energy efficient,” said Borschberg. The total cost of the project is estimated at $100 million, with Abu Dhabi-based clean energy company Masdar the chief sponsor of the flight. Other notable names involved in the project include ABB, Solvay, Schindler, SunPower, D’assault Systemes and Omega. Masdar’s chairman Dr. Sultan Ahmed Al Jaber called the journey an “outstanding success”, adding: “Solar Impulse has proven just how practical the application of solar energy can be. It will also provide valuable data that will lead to critical improvements in two key areas: energy storage and efficiency.” Adnan Z. Amin, IRENA’s director-general, joined the chorus of applause, calling it a remarkable accomplishment and a clear signal that the age of renewable power is here to stay. “Solar Impulse has raised awareness about the promise of renewables, showing that they can provide sustainable, reliable energy. It has also pushed technological boundaries forward and is a testament to the importance of innovation and international cooperation in realising a sustainable energy future. For this, Solar Impulse pilots Bertrand Piccard and André Borschberg now join the elite club of pioneering aviators. “This impressive feat is another proofpoint that we have entered a period of sustained growth for renewable energy. Today, we are seeing renewable energy costs fall and investments soar to record levels – such that renewables are competing head-to-head with power from other energy sources. As a result, more renewables are being added to the global power generation mix than from all other sources combined.”Popular content ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. 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In the Europea… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… Submarine cable to connect 10.5 GW wind-solar complex in Morocco to the UK grid Emiliano Bellini 22 April 2021 pv-magazine.com UK-based Xlinks is planning to build 10.5 GW of wind and solar in Morocco and sell the power generated by the huge plant in the UK. This should be ma… Solar park built on rough wooden structures comes online in France Gwénaëlle Deboutte 26 April 2021 pv-magazine.com French company Céléwatt energized its 250 kW ground-mounted array, built with mounting structures made of raw oak wood.April 26, 2021 Gwénaëlle Debo… The weekend read: PV feed in, certified pv magazine 1 May 2021 pv-magazine.com As more renewable energy capacity is built, commissioned, and connected, grid stability concerns are driving rapid regulatory changes. In the Europea… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… 123456Share Ian Clover Ian joined the pv magazine team in 2013 and specializes in power electronics (inverters) and battery storage. Ian also reports on the UK solar market, having worked as a print and web journalist in Britain for various multimedia companies, covering topics ranging from renewable energy and sustainability to real estate, sport and film.More articles from Ian Clover [email protected] Related content The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Orig… We all trust the PV performance ratio test Dario Brivio, Partner 20 April 2021 pv-magazine.com The performance ratio test is at the core of the handover from EPC to owner. 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Cracking the case for solid state batteries pv magazine 29 April 2021 pv-magazine-australia.com Scientists in the UK used the latest imaging techniques to visualize and understand the process of dendrite formation an… iAbout these recommendations Leave a Reply Cancel replyPlease be mindful of our community standards.Your email address will not be published. Required fields are marked *CommentName * Email * Website Save my name, email, and website in this browser for the next time I comment. By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. 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For more information please see our Data Protection Policy. Subscribe to our global magazine SubscribeOur events and webinars Reducing solar project risk for extreme weather 20 April 2021 pv-magazine.com Discussion participantsDaniel H.S. Chang, VP of Business Development | RETCGreg Beardsworth, Sr. Director of Product M… Virtual Roundtables USA 17 November 2020 pv-magazine.com We will be hosting the second edition of our successful Virtual Roundtables this year in November. 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Microcracks and module design pv magazine 8 April 2021 pv-magazine.com New cell and module technologies are boosting power outputs, but they often have implications for quality. A focus purel… The more you know Marian Willuhn 7 April 2021 pv-magazine.com Module-level power electronics, most often in the form of power optimizers and microinverters, offer a range of value pr… The ideal format pv magazine 7 April 2021 pv-magazine.com The speed at which manufacturers are introducing changes from one product generation to the next is accelerating – curre… iAbout these recommendationslast_img read more

Police send condolences to KY officers mourning burned Krispy Kreme truck

first_imgKathyDewar/iStock(LEXINGTON, Ky.) — There’s no use crying over spilled milk, but a burned-out doughnut truck sent law enforcement officers all over the world into a tizzy of sadness.On New Year’s Eve, the Lexington Police Department in Kentucky posted a photo of a Krispy Kreme truck covered in soot and burn marks, writing, “No words,” with a crying emoji.The truck caught fire Monday afternoon and was fully engulfed in flames by the time first responders arrived, Lexington ABC affiliate WTVQ-TV reported.Physically, there were no injuries, but police officers around the globe empathized with the emotional toll the loss took on the Lexington Police Department, offering condolences and assistance to their law enforcement brothers and sisters.The South Dakota Highway Patrol replied with a photo of a Krispy Kreme truck overturned in the snow.We feel your pain up here is South Dakota. #BuckleUp Call if you need to talk. pic.twitter.com/1AziYa9Dlw— SD Highway Patrol (@SDHighwayPatrol) January 2, 2019The New York Police Department responded with a photo of two of its helicopter operators, saying they were on their way to them with sprinkle-covered pastries.Hang tight, we are sending backup forthwith, and these guys came prepared. We hope you like sprinkles. pic.twitter.com/S2WIY2ZR38— NYPD NEWS (@NYPDnews) January 1, 2019So tragic, we feel your pain.— NYPD 9th Precinct (@NYPD9Pct) January 1, 2019Some police departments used memes and GIFs to express their shock and dismay.pic.twitter.com/907nD6s04F— Oxford Police Dept (@OxfordPolice) December 31, 2018All the feels pic.twitter.com/e6fVII1zm0— Pittsburg Police, CA (@PittsburgPD) January 1, 2019The Colorado State Patrol warned officers in Lexington to stay away from brownies.Come to the Rockies. Break (glazed) bread with us at our table. Console yourselves. And, uhh…avoid the brownies, mmkay? — CSP Public Affairs (@CSP_News) January 2, 2019Officers in the Windy City and beyond also sent their condolences.Condolences from Chicago — Chicago PD 14th Dist (@ChicagoCAPS14) January 1, 2019Our thought are with our brothers and sisters in Kentucky during this difficult time. @lexkypolice please know we are here for you. If you’re ever out this way we would love to treat you to some Boston Creams !! https://t.co/EjMZjwQFoE— Stoughton Police (@StoughtonPD) January 1, 2019 — Cleveland Police Dogs (@ClevePol_Dogs) January 1, 2019Ok guys come to Texas and try a hot @ShipleyDo_Nuts! I promise it will get rid of the donut blues! Happy New Year to you all. All the best in 2019 and be safe. #RelationalPolicing— Chief Art Acevedo (@ArtAcevedo) January 1, 2019The news even made its way across the Atlantic.We feel your loss. We donut know what else to say. — UK Police (@UKPolice) January 1, 2019The UK sends it’s sympathies.We are so sorry. I’m arranging the sending out of donut parcels to you in this time of trauma. We are with you guys. We are soooooo (extra emphasis) sorry.— Sgt Harry Tangye (@DC_ARVSgt) January 1, 2019*D’oh (nut) pic.twitter.com/T3t48W6Rll— Polizei Magdeburg (@Polizei_MD) January 2, 2019On Wednesday, Lexington Police Officers got their source of sugar rushes back after the doughnut company, which is heralded in the South, offered to send doughnuts their way, Fox Lexington affiliate WDKY-TV reported. We’re thinking of you during this difficult time…and have more doughnuts on the way! https://t.co/9hPDMieFa1— Krispy Kreme (@krispykreme) January 1, 2019Copyright © 2019, ABC Radio. All rights reserved.last_img read more

‘There’s a lot of concern here’: West Virginia braces for spread of coronavirus

first_imgDerek Brumby/iStock(NEW YORK) — West Virginia is the last state in the country to record a positive case of COVID-19, and the state’s percentage of positive tests is among the lowest in the nation.Residents, however, are still concerned about the virus.“We have that elderly population,” Chris Lawrence, morning host of 580 WCHS radio in Charleston, told ABC’s Cheri Preston on ABC Audio’s “Perspective” podcast.“We’re not the healthiest state in the country, obviously, a lot of people here smoke, a lot of people here suffer from black lung,” Lawrence said. “Elderly folks that worked in the coal mines are now retired and they already have a lot of respiratory issues. And that is exactly the kind of folks that are most at risk with this COVID-19 virus. And there is a real fear that if it were to get out of control here in West Virginia that we could lose a lot of our population.”As of Sunday there were fewer than 350 cases in the state, and reported deaths related to COVID-19 were till in single digits.Although rural hospitals can face challenges in combating the virus, Lawrence said medical equipment and hospital beds have not been an issue so far in the mostly-rural state.But “that’s not saying it won’t be in the future,” he said.Right now, West Virginia is hoping its residents just practice good hygiene and social distancing.“I think the biggest concern here has just been keeping people away from one another,” he said.Lawrence joked that there is no better place to socially distance than West Virginia, with its mountainous terrain and plethora of hiking trails. But he said that’s made the state attractive to people from beyond its borders.“Governor [Jim] Justice made that clear this week [when] he closed down all of the state park campgrounds and all private campgrounds, because we were finding that a lot of folks from some of the larger metropolitan areas were coming into West Virginia to ride this out until this is over,” Lawrence said.“Nobody is really invited to come in and enjoy it,” said Lawrence, “but for those of us who are some of the chosen few that get to live here … getting out, doing it, taking a hike, walking on our mountains, is one of the most enjoyable ways ever to socially isolate from everyone else.”Copyright © 2020, ABC Audio. All rights reserved.last_img read more

NASCAR returns to single-car qualifying at all oval tracks

first_imgNASCAR officials announced Wednesday that all three national series will return to single-car qualifying at all oval tracks.The rules change ends a run of five-plus years for the group qualifying format, which was introduced before the 2014 season. The group qualifying system will remain for the series’ three road-course events.Officials also dropped the use of multiple elimination-style rounds. The changes go into effect for this weekend’s NASCAR tripleheader at Dover International Speedway.RELATED: Full schedule for DoverAt oval tracks larger than 1.25 miles (Darlington Raceway and larger), teams will determine the starting lineup with a single timed qualifying lap. At tracks 1.25 miles and shorter (World Wide Technology Raceway at Gateway and smaller), teams will start on the basis of the best of two timed single-car laps.Competition officials made the alteration after a steep rise in qualifying gamesmanship through the first quarter of the Monster Energy NASCAR Cup Series season. With the series’ 2019 rules package placing an emphasis on the aerodynamic draft, teams often waited for the most advantageous position (receiving an aero pull) before making a qualifying attempt.That qualifying cat-and-mouse game boiled over in March at Auto Club Speedway, when none of the top qualifiers wanted to be first out and all 12 failed to log a final-round speed. That incident and a chaotic qualifying session two weeks later at Texas Motor Speedway drew the ire of Steve O’Donnell, NASCAR executive vice president and chief racing development officer, who said April 1 that officials were considering all options — including a return to single-car runs.Wednesday, officials reaffirmed that the multi-car system had become untenable.“It was (a) unified (decision) between broadcasters, teams and NASCAR,” Scott Miller, NASCAR senior VP of competition, said of returning to single-car runs.“One of the other things to make a compelling program out of it is we’ve seen the use of the ghost car (on television). That’s going to be a big element in presenting a quality show. I think fans are going to be able to see which drivers drive in deep, which drivers roll the middle faster and get off the corners faster and really give the talent in the booth something to talk about.“Another interesting aspect is every team has a good shot of getting covered during the qualifying session. We’re building in a few two-minute breaks to where TV can get some spots in and not break away from live action. That’s one of the goals in this, and I think with those designated spots and breaks we will be able to present almost a whole qualifying session live without going away.”The qualifying order draw will be determined by the previous race’s starting lineup. For example, in the Monster Energy Series, the top 20 starters from the previous race will draw to take their qualifying lap in positions 21-40 (the second half of qualifying). The remainder of the cars will draw to qualify in positions 1-20.Before reverting to single-car qualifying, competition officials introduced a handful of stopgap moves in hopes of curbing the antics in the multi-car format. Officials added a deterrence element after the Auto Club incident, disallowing all qualifying speeds if a driver failed to post a time in subsequent rounds. The department also tried to establish better-defined staging areas for teams waiting to make their lap at the pit-road exit, but that led to a competition for better parking spots at Texas and what Clint Bowyer termed as “clogging” after congestion hindered his qualifying efforts.The last change officials came in April at Richmond Raceway, where the length of the qualifying rounds shrank to create more urgency in placing a lap, with all three rounds clocking just five minutes each.Multi-car qualifying was used for road-course events in 2013, ahead of its full implementation at every track the following season. It was eliminated from superspeedway races at Daytona and Talladega in March 2015 as a safety measure after a series of crashes and questionable aero games made the system unfeasible at those high-speed circuits.last_img read more

Assaults on London Emergency Workers Common

first_imgHamish Meldrum, the BMA’s chairman, said: “We’re talking about people who go to work in order to try to alleviate pain and treat ill health. The fact they may expect to be punched, kicked or shouted at cannot be tolerated.” Women doctors were more likely to be attacked than men. In one incident a GP was knifed in the stomach at her Glasgow practice. Dr Helen Jackson, 56, required emergency treatment last August after being stabbed three times. The scale of the problem is only now becoming clear, with increasing numbers of health professionals and emergency workers complaining that they have been beaten up, punched, kicked and pelted with bricks and stones. Last week, the Fire Brigades Union (FBU) revealed that assaults on firefighters had leapt from 1,300 to 1,500 last year, with crews in some areas routinely attacked. But the disturbing catalogue of assaults also extends to other workers in the front line of public care. Ms Jennings said: “We have become a ‘me society’, where lots of people know their ‘rights’ and are quick to claim them, sometimes violently. But when it comes to their responsibilities, these have gone out of the window.”One veteran paramedic said: “I used to think of my uniform as my protection — people knew I was there to do a job and wouldn’t touch me. Now they treat it as a target.” More than 1,000 ambulance workers were attacked, along with 10,000 nurses and hospital staff. There were nearly 3,500 attacks on GPs, health visitors and other primary care staff, such as midwives. Most attacks — 41,000 — were on staff in mental health units, where the risk of physical confrontation with patients is greater. Attacks on firefighters are so commonplace that many crews no longer bother to report them. The FBU estimates that there are 40 attacks every week. Last October, youths petrol-bombed a crew in Liverpool and pelted firemen with bricks in Runcorn, Cheshire. In August, three firefighters in Bristol were hurt after paving stones were hurled at them. Health unions have called on NHS trusts to do more to protect staff by increasing staffing levels so that they do not feel so isolated. The latest figures show there were at least 57,205 attacks on health and emergency workers last year, although the true figure is thought to be much higher as many cases go unreported. Karen Jennings, head of health for Britain’s largest health union, Unison, said: “It is shameful that nurses, paramedics and other NHS staff face the threat of violence at work on an almost daily basis. “The figures only include physical assaults and those that have been reported. We know that many staff face verbal abuse and many attacks go unreported.” According to a survey by the British Medical Association (BMA), a third of doctors have experienced violence or abuse in the past year, with trainee doctors the most likely victims of violence, followed by GPs. The range of assaults included being kicked, bitten, punched, hit, spat at and even stabbed. The Royal College of Nursing reports that more than half of nurses think the risk of violence or abuse has increased in the past two years and that more than a third have been assaulted or harassed. They also want the criminal justice system to take a more robust approach to assailants. The Sunday Telegraph has learnt that during 2007, nearly 56,000 health workers were subjected to physical assaults. Johannah Langmead, 23, a trainee GP, suffered fractured eye sockets and a broken cheekbone in an assault at a surgery in Prudhoe, Northumberland. The attack, by a man with mental problems, left her suffering flashbacks and trauma. In more than half the cases, no action was taken against the perpetrators. According to the survey, some doctors have come to regard assaults as part of the norm. The figures suggest that care workers are no longer regarded as off-limits and certain members of the public are all too ready to resort to violence against the very people trying to help them. Doctors, nurses, ambulance crews, health visitors and firefighters across Britain are being subjected to frightening assaults as they go about helping the public. Last Saturday, a midwife in Peterborough was attacked by a thug who stole her medical bag, prompting health managers to issue personal alarms to community midwives. She survived only because she was wearing a thick woollen jacket which prevented the blade reaching any vital organs. LONDON — MORE THAN 1,000 health and emergency workers a week are being attacked while carrying out their duties. Many health professionals, however, believe the attacks are a reflection of a more violent society.last_img read more

Sorin and Walsh Halls experience water outage

first_imgSorin and Walsh Halls experienced a water outage Wednesday and are awaiting testing to ensure the water is drinkable, according to emails sent to the dorm communities.At 1:56 p.m. Wednesday, Sorin residents received an email from their rector, Fr. Bob Loughery, informing them that the water was out in both Sorin and Walsh Halls and that the toilets were not usable. University spokesperson Dennis Brown said water was restored to the buildings Wednesday evening.“Sediment in the water main that serves these residence halls constricted the water flow to both buildings,” he said in an email. “The line has been cleared and was returned to service about 9 p.m. Wednesday. The line has been flushed twice, and water samples have been taken for each building.”The outage was connected to Corby Hall construction, according to the email sent from Loughery to Sorin residents Wednesday.“Water to Sorin and Walsh was diverted to another pipe after the start of construction,” Loughery said in the email. “Though the pipe was able to handle that water usage during the summer, the pipe was not able to support the sudden surge in usage these past couple days.”In an email to Sorin and Walsh residents Wednesday, the Residential Life Team said Campus Utilities staff had been working throughout the day to restore water and would test the water “[o]ut of an abundance of caution.”Bottled water was delivered to the dorms to ensure access to potable water during testing. Badin and St. Edward’s Halls opened their bathrooms to Walsh and Sorin while their showers and toilets were impacted by the water outage.Brown said the University expects to receive the test results Friday afternoon.Tags: Construction, Sorin Hall, Walsh Hall, water outagelast_img read more

Port Arthur Industry Group awards scholarships to Memorial High seniors

first_imgThe Port Arthur Industrial Group, which includes Port Arthur refineries and petrochemical companies, along with the Community Advisory Group have helped eight Memorial High School seniors advance their education this year by awarding each a $10,000 academic scholarship.“Supporting education is an important part of our job preparedness and workforce initiative,” said Chairman Johnny Spell, a Motiva Chemicals site manager.“There is no doubt this year has been difficult for our schools, students and their families. We appreciate the support from Port Arthur Independent School District and Port Arthur Higher Education Foundation to help us complete the scholarship process.” Earlier this year, Port Arthur Industrial Group distributed 15 technical scholarships to students at Lamar State College Port Arthur seeking a skills or associates degree.This scholarship application is due each July for the next school year. Academic scholarship recipients include: Phuong “Jenna” Khuu, Nam Hoang, Tyson Nguyen, Alanna Lewis, Dylan Tran, Christopher McZeal, Kevin Willis and Chance Scott.Technical scholarship recipients for the 2020 spring semester include: Laith Alkhattab, Braydon Williams, Leonard Chavis, Karina Espinoza, Mario Figueroa, Jailyn Francis, Ana Gonzalez, Rafael Hernandez, Giamanti Najar, Joselin Ochoa, Carlos Rubens, Ana Valencia and Teanna Venzant.center_img The academic scholarships recipients are selected based on academic achievement, leadership in the classroom and community and completion of the application.This scholarship is awarded to students pursuing a degree in science, technology, engineering, math or business.Industrial Group facilitator John Hall said this year is unique because there will be gathering to honor the scholarship recipients and their families.“We still feel it is important to recognize these exemplary students and support them to achieve their academic goals,” Hall said. “We congratulate them on their successes so far.”last_img read more

JCSO WANTED: Suspected Nederland car burglar

first_img Police said the man broke into a vehicle in the 1800 block of Lindsey Lane in Nederland at 1:45 a.m. Saturday.The suspect was on a bike and prowled several other vehicles in the neighborhood, according to the Sheriff’s Office. You will not be asked your name and you could be eligible for a cash reward. If you can identify this suspect, contact Crime Stoppers at 409-833-TIPS (8477), log onto 833TIPS.com or download the P3 app on a digital device.center_img Jefferson County Sheriff’s Office detectives are looking for a man suspected of breaking into a Nederland vehicle.Authorities released this suspect photo.Authorities released several pictures of the suspect Thursday, describing him as a white male wearing a black Carhartt hoodie, camo pants and orange high-top shoes.last_img read more

Call for nominations: Vermont State Colleges 2016 Award for Extraordinary Contribution

first_imgVermont State Colleges,Vermont Business Magazine In recognition of the exceptional leaders who have built and sustained the Vermont State Colleges (VSC) since 1961, the Board of Trustees will confer its first Award for Extraordinary Contribution as part of the new Vermont State Colleges Hall of Fame. This awardee will be inducted to the Hall of Fame along with five accomplished alumni from each of the member colleges. The Vermont State Colleges Hall of Fame will highlight the accomplishments of the VSC’s many talented alumni and shine a spotlight on the positive impact the VSC has on the economic, intellectual, and civic wellbeing of Vermont. The winner of the Award for Extraordinary Contribution and the five alumni inductees will be recognized at the Vermont State Colleges Hall of Fame celebration on March 9, 2016 at the Capitol Plaza in Montpelier. Proceeds from the event will fund scholarships for Vermont students.The Board invites nominations from the public for a person or organization that has made a significant and positive impact on the Vermont State Colleges system. We seek nominees whose accomplishments are a reflection of the ideals of the Vermont State Colleges institutions and the system; who have provided exemplary service to the State of Vermont; and/or whose outstanding work has made a significant, positive impact on the Vermont State Colleges system.How to submit a nomination:·         Nominations open November 1st and will be accepted until November 23rd.·         Choose “VSC Hall of Fame” at www.vsc.edu/about-vsc(link is external) to fill out a nomination form (direct link: http://www.vsc.edu/about-vsc/Pages/VSC-Hall-of-Fame.aspx(link is external))·         Nominations should include a statement of 500 words maximum explaining why the individual or organization should be chosen. ·         A resume or summary of the nominee’s work and community involvement should be submitted as well.·         Nominees for the Trustees award will be chosen by the Board at its December, 2015 meeting. For more information about the Award for Extraordinary Contribution and the VSC Alumni Hall of Fame, please choose “VSC Hall of Fame” at www.vsc.edu/about-vsc(link is external).Source: VSC. 10.30.2015last_img read more