Magazine editor reflects on career

first_imgAs Notre Dame Magazine editor, Kerry Temple tells the Notre Dame story — as a class of 1974 graduate, English major and former Farley Hall resident, the University has inevitably become part of his own story. Seven years after he turned his tassle, Temple returned to take a writer job at the magazine, became editor in 1995 and has lead the publication for almost 20 years.Temple said his Notre Dame story began with the impression of the university he formed as a high school student in Louisiana. Kerry Temple “I looked up to the local guys who went to Notre Dame from my high school and really liked what the place represented,” he said. “A campus visit convinced me that it was the only school I wanted to go to.”Temple said he set his mind to grappling with life’s big questions early on during his time as an undergraduate.“I wanted to learn all I could about the world, the meaning of nature,” he said. “I wanted to find myself, to know what it meant to be human, and then I wanted to know how I might fit into that world, what my place was, how I could contribute.“Those questions guided my coursework and late-night talks and times spent alone. I’m still living those questions.”Temple said he returned to Louisiana after graduation to earn a master’s degree in journalism, but his career path ultimately brought him back to Notre Dame through a writing job at Notre Dame Magazine in 1981.“The magazine seemed like an extension of the University and the education I had gotten, and the subject matter was varied and engaging and dealt with stuff I liked,” Temple said. “To a large degree, my work at the magazine is a continuation of my time as an undergrad.”Temple said he published a book in 2005 that addresses some of the same questions that interested him as a Notre Dame student.“Some years ago I wrote a book, ‘Back to Earth,’ about the search for God in the natural world,” he said. “It was the book I dreamed of writing when I was an undergrad here, when I was exploring the world and myself and my place in it.”Throughout his years at Notre Dame Magazine, Temple said he has seen much continuity in the magazine’s message and approach, even amid changes in political climate and University life.“From the onset — back in 1972, because of some visionary leadership at the time — Notre Dame Magazine dealt with the tough questions. The very first cover asked, ‘Who Lives and Who Decides?’. It had articles on abortion and euthanasia and capital punishment,” Temple said. “It was still a pretty edgy publication when I joined the staff [in 1981], and I think that reputation endures to a certain degree. And the questions posed are perennial; we’re still asking them.”Since becoming editor in 1995, Temple said he has worked to maintain the focus and esteem of Notre Dame Magazine, which circulates approximately 150,000 copies during each quarterly publication.“Its philosophy is essentially the same,” he said. “It reflects a university that takes on difficult questions, that is engaged with the world, tells stories of alumni engaged in that world and addresses complicated issues that our readers confront in their lives.”Temple said he envisions the future of Notre Dame Magazine as running in tandem with that of the University, moving toward a global scope.“I’d like the magazine to contribute more to the international conversation on all manner of topics because that’s exciting and that is consistent with the University’s aspirations,” he said.Tags: Kerry Temple, Notre Dame, Notre Dame Magazine, publishinglast_img read more

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Adult Ed business programs at College of St Joseph

first_imgOctober 6th kicks off the start of a new group of adults seeking a masters degree in business administration from the College of St. Joseph. This program is specifically designed to accommodate working adults who want to expand their career opportunities and earning potential. Courses focus on developing managerial leadership skills and conveniently meet one evening each week. Students advance through the coursework with their original group, which provides the added benefit of developing strong relationships within the classroom and the workplace.For adults who are not quite ready for an MBA, the college offers a bachelors degree in organizational leadership using the team approach and meeting one night a week. It is not too late to register for these classes, which start on August 31st. Past college experience and life experience are combined with this eighteen month program to help you achieve a bachelors degree in business. These programs are designed for your lifestyle to help you achieve your career goals and meet the scheduling demands of work and family.For more information on registration for these business programs offered at the College of St. Joseph, call (802) 773-5900 x3242 or visit our website at www.csj.edu(link is external).-30 –last_img read more

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Merchants Bancshares announces record first quarter 2010 results

first_imgMerchants Bancshares, Inc (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $3.83 million or diluted earnings per share of $0.62 for the three months ended March 31, 2010. This compares with net income of $2.91 million or diluted earnings per share of $0.48 for the same period in 2009. Merchants previously announced the declaration of a dividend of 28 cents per share, payable May 13, 2010, to shareholders of record as of April 29, 2010.The return on average assets was 1.09% for the quarter ended March 31, 2010 compared to 0.87% for the quarter ended March 31, 2009. The return on average equity for the first quarter of 2010 was 16.61% compared to 14.50% for the first quarter of 2009. Merchants’ earnings for the quarter were impacted by several events: Merchants realized $709 thousand in security gains during the first quarter of 2010, compared to losses of $205 thousand for the first quarter of 2009, and also recorded expense recoveries related to the sale of an OREO property of $318 thousand. These items were offset in part by an $80 thousand other-than-temporary impairment (“OTTI”) charge on one of its investment securities during the quarter, and the accelerated premium amortization of approximately $200 thousand due to Freddie Mac and Fannie Mae repurchases of certain delinquent mortgage loans. “This represents another strong quarter for our company. We did benefit from the transactions just described, but our net income excluding those transactions was up 10% over the same quarter in 2009,” commented Michael R. Tuttle, Merchants’ President and Chief Executive Officer.Merchants’ taxable equivalent net interest income for the first quarter of 2010 was $12.42 million, a slight increase over $12.36 million for the same period in 2009. During the first quarter of 2010, Freddie Mac and Fannie Mae announced that they would buy back certain delinquent mortgages contained in securities previously sold to investors, including Merchants. These prepayments reduced Merchants’ net interest income by approximately $200 thousand. Merchants’ taxable equivalent net interest margin decreased by twelve basis points to 3.73% for the first quarter of 2010 from 3.85% for the first quarter of 2009, and decreased by two basis points on a linked quarter basis. The margin for the quarter was negatively impacted by six basis points by the accelerated amortization discussed above. The balance of the quarter over quarter decrease in Merchants’ margin was primarily a result of the sustained low interest rate environment. Although Merchants increased its average earning assets quarter over quarter by $50.18 million, the yield on those assets decreased by 70 basis points. At the same time, Merchants has had success in reducing its funding costs, decreasing the average rate paid on interest bearing liabilities by 66 basis points over the same time frame. When comparing the first quarter of 2010 to the fourth quarter of 2009, Merchants’ average earning assets have contracted slightly. The average yield on those assets has decreased by ten basis points, a result of a lower average yield on the investment portfolio primarily driven by the premium amortization discussed above. The average cost of interest bearing liabilities also decreased by ten basis points from the fourth quarter of 2009 to the first quarter of 2010.Merchants’ quarterly average loans were $915.57 million, a decrease of $5.28 million over the fourth quarter of 2009, and ending balances were $9.67 million lower than year end balances. Decreases in commercial loans, and commercial and residential real estate loans were offset by increases in municipal loans. The decrease in commercial loans may be attributable to the reluctance of businesses to increase capital investments as well as a decrease in utilization rates of lines of credit. Residential refinance activity was substantially lower in the first quarter of 2010 compared to the first quarter of 2009.The following table summarizes the components of Merchants’ loan portfolio as of the periods indicated: (In thousands) March 31, 2010 December 31, 2009 —————– —————–Commercial, financial and agricultural $ 109,352 $ 113,980Municipal loans 48,862 44,753Real estate loans – residential 433,579 435,273Real estate loans – commercial 281,135 290,737Real estate loans – construction 27,864 25,146Installment loans 7,276 7,711All other loans 801 938 —————– —————–Total loans $ 908,869 $ 918,538 ================= =================”Loan demand remained soft during the first 90 days of 2010; however, we are starting to see some evidence of increased activity that may reverse this trend during the second half of 2010,” commented Mr. Tuttle.Merchants’ investment portfolio totaled $428.95 million at March 31, 2010, an increase of $20.14 million from December 31, 2009 ending balances of $408.81 million. Merchants has been working to redeploy excess cash into the investment portfolio, but has found it challenging to find Agency-backed investments at an acceptable yield in the current environment. Merchants sold two of its low coupon 30 year mortgage backed securities and one callable agency bond during the quarter with a total par value of $19.54 million for a gain of $709 thousand. Merchants also took an $80 thousand OTTI charge against one of its asset backed securities during the quarter.Both ending and quarterly average deposits were essentially flat at approximately $1.03 billion for the first quarter of 2010 compared to the fourth quarter of 2009; however, ending deposit balances were $59.18 million higher and quarterly average deposit balances were $80.70 million higher than the first quarter of 2009. Merchants has historically experienced seasonal fluctuation during the first quarter of the year that typically leads to decreases in deposits during the first quarter of the calendar year. Since the end of the year there has been some migration from time deposit categories, which have decreased $11.83 million, into Savings, NOW and money market accounts, which have increased $6.11 million. Relationships continue to be added across all business lines, with notable new deposits within the government banking space.Merchants recorded a $600 thousand provision for credit losses during the first quarter of 2010 compared to $600 thousand for the fourth quarter of 2009 and $900 thousand for the first quarter of last year. There were several factors that influenced the provision expense this quarter: — Total loans decreased during the quarter to $908.87 million compared to $918.54 million at year end;– Although Merchants experienced net charge-offs of $1.89 million for the quarter, almost all of those charges were against specific reserves allocated by Merchants to troubled borrowers in the fourth quarter of 2009;– Non-accruing loans decreased $5.37 million, or 37.5% to $8.93 million at March 31, 2010 compared to $14.30 million at December 31, 2009. The reduction in non-accruing loans is primarily attributable to a combination of paydowns totaling $3.64 million as well as the write down of $1.90 million in loan balances outstanding. As mentioned previously, the majority of these write downs had been reserved for in prior quarters.Total loans 30 to 89 days past due at March 31, 2010 were $1.23 million or 0.14% of total loans, which is generally consistent with delinquency levels in prior periods: Quarter Ending: 30-89 Days —————– ———- December 31, 2009 0.09% March 31, 2009 0.05% December 31, 2008 0.16%Merchants’ residential mortgage loan portfolio continues to perform well, even under the currently stressed economic conditions. Residential loans 30 to 89 days past due at March 31, 2010 totaled 9 basis points as a percentage of residential mortgages, consistent with prior periods and total past due residential loans, including non-accruing mortgages, were 45 basis points as a percentage of residential mortgages.”The trend in asset quality represents dramatic improvement from the year end numbers. Based upon what we know today it appears as though we have turned the corner on credit quality costs. We conducted several property and equipment auctions during the quarter and were very pleased with the results,” stated Mr. Tuttle.Total noninterest income increased to $2.91 million for the first quarter of 2010 from $1.93 million for the first quarter of 2009. Excluding net gains (losses) on security sales and the OTTI loss mentioned previously, noninterest income increased slightly to $2.28 million for the first quarter of 2010 from $2.13 million for the same period last year. Most of the increase for the first quarter of 2010 compared to 2009 was attributable to Merchants Trust Company income which increased 29% to $518 thousand from $401 thousand for the first quarter of this year compared to the same period last year.Total noninterest expense decreased slightly to $9.47 million for the first quarter of 2010 from $9.54 million for the first quarter of 2009. There were a number of increases and decreases that contributed to this overall decrease. Salaries and wages increased to $3.70 million for the first quarter of this year, compared to $3.43 million for the same period last year. Legal and professional fees were $591 thousand for the first quarter of 2010 compared to $689 thousand for the first quarter of 2009, primarily due to the timing of projects and related expenses. Other noninterest expenses decreased $256 thousand to $1.32 million for the first quarter of 2010 compared to $1.58 million for the first quarter of 2009. Merchants sold one of its OREO properties during the first quarter of 2010 and recorded expense recoveries of approximately $318 thousand.Michael R. Tuttle, Merchants’ President and Chief Executive Officer; and Janet P. Spitler, Merchants’ Chief Financial Officer, will host a conference call to discuss these earnings results at 9:30 a.m. Eastern Time on Friday, April 30, 2010. Interested parties may participate in the conference call by dialing (800) 230-1096; the title of the call is Earnings Release for Merchants Bancshares, Inc. Participants are asked to call a few minutes prior to register. A replay will be available until noon on Friday, May 7, 2010. The U.S. replay dial-in telephone number is (800) 475-6701. The international replay telephone number is (320) 365-3844. The replay access code for both replay telephone numbers is 143116.Vermont Matters. Merchants Bank strives to fulfill its role as the state’s leading independent community bank through a wide range of initiatives. The bank supports organizations throughout Vermont in addressing essential needs, sustaining community programs, providing small business and job start capital, funding financial literacy education and delivering enrichment through local sports activities.Merchants Bank was established in 1849 in Burlington, Vermont. Its continuing mission is to provide Vermonters with a statewide community bank that combines a strong technology platform with a genuine appreciation for local markets. Merchants Bank delivers this commitment through a branch-based system that includes: 34 community bank offices and 42 ATMs throughout Vermont; local branch presidents and personal bankers dedicated to high-quality customer service; free online banking, phone banking, and electronic bill payment services; high-value depositing programs that feature Free Checking for Life®, Cash Rewards Checking, Rewards Checking for Business, business cash management, money market accounts, health savings accounts, certificates of deposit, Flexible CD, IRAs, and overdraft assurance; feature-rich loan programs including mortgages, home equity credit, vehicle loans, personal and small business loans and lines of credit; and merchant card processing. Merchants Bank offers a strong set of commercial and government banking solutions, delivered by experienced banking officers in markets throughout the state; these teams provide customized financing for medium-to-large companies, non-profits, cities, towns, and school districts. Merchants Trust Company, a division of Merchants Bank, provides investment management, financial planning and trustee services. Please visit www.mbvt.com(link is external) for access to Merchants Bank information, programs, and services. Merchants’ stock is traded on the NASDAQ National Market system under the symbol MBVT. Member FDIC. Equal Housing Lender.Some of the statements contained in this press release may constitute forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements reflect Merchants’ current views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause Merchants’ actual results to differ significantly from those expressed in any forward-looking statement. Forward-looking statements should not be relied on since they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond Merchants’ control and which could materially affect actual results. The factors that could cause actual results to differ materially from current expectations include changes in general economic conditions in Vermont, changes in interest rates, changes in competitive product and pricing pressures among financial institutions within Merchants’ markets, and changes in the financial condition of Merchants’ borrowers. The forward-looking statements contained herein represent Merchants’ judgment as of the date of this release, and Merchants cautions readers not to place undue reliance on such statements. For further information, please refer to Merchants’ reports filed with the Securities and Exchange Commission. Merchants Bancshares, Inc. Financial Highlights (unaudited) (Dollars in thousands except share and per share data) 03/31/10 12/31/09 03/31/09 12/31/08 ———- ———- ———- ———-Balance Sheets – Period EndTotal assets $1,418,477 $1,435,248 $1,350,280 $1,341,210Loans 908,869 918,538 892,579 847,127Allowance for loan losses (“ALL”) 9,950 10,976 9,446 8,894Net loans 898,919 907,562 883,133 838,233Securities available for sale 427,903 407,652 397,473 429,872Securities held to maturity 1,045 1,159 1,586 1,737Federal Home Loan Bank (“FHLB”) stock 8,630 8,630 8,630 8,523Federal funds sold and other short-term investments 5,270 10,270 260 111Other assets 76,710 99,975 59,198 62,734Deposits 1,036,069 1,043,319 976,886 930,797Securities sold under agreement to repurchase and other short-term debt 172,801 179,718 92,705 124,408Securities sold under agreement to repurchase, long-term 54,000 54,000 54,000 54,000Other long-term debt 31,196 31,215 107,540 118,643Junior subordinated debentures issued to unconsolidated subsidiary trust 20,619 20,619 20,619 20,619Other liabilities 9,889 15,365 14,046 13,046Shareholders’ equity 93,903 91,012 84,484 79,697Balance Sheets – Quarter-to-Date AveragesTotal assets $1,410,412 $1,412,900 $1,343,670 $1,320,845Loans 915,569 920,846 865,962 825,395Allowance for loan losses 11,173 11,510 9,238 8,596Net loans 904,396 909,336 856,724 816,799Securities available for sale and FHLB stock 413,799 371,059 427,661 436,712Securities held to maturity 1,104 1,224 1,668 2,187Federal funds sold and other short-term investments 20,068 63,553 5,073 2,420Other assets 71,045 67,728 52,544 62,727Deposits 1,029,183 1,037,955 948,484 946,534Securities sold under agreement to repurchase and other short-term debt 169,713 148,282 113,521 96,736Securities sold under agreement to repurchase, long-term 54,000 54,000 54,000 54,000Other long-term debt 31,203 46,097 114,073 117,996Junior subordinated debentures issued to unconsolidated subsidiary trust 20,619 20,619 20,619 20,619Other liabilities 13,480 14,999 12,819 9,845Shareholders’ equity 92,214 90,948 80,154 75,115Interest earning assets 1,350,540 1,356,682 1,300,364 1,266,714Interest bearing liabilities 1,186,346 1,180,087 1,140,582 1,110,612Ratios and Supplemental Information – Period EndBook value per share $ 16.07 $ 15.65 $ 14.62 $ 13.89Book value per share (1) $ 15.26 $ 14.82 $ 13.88 $ 13.15Tier I leverage ratio 7.85% 7.67% 7.42% 7.42%Tangible capital ratio (2) 6.62% 6.34% 6.26% 5.94%Period end common shares outstanding (1) 6,153,361 6,141,823 6,084,600 6,061,182Credit Quality – Period EndNonperforming loans (“NPLs”) $ 9,029 $ 14,481 $ 11,519 $ 11,643Nonperforming assets (“NPAs”) $ 9,698 $ 15,136 $ 12,322 $ 12,445NPLs as a percent of total loans 0.99% 1.58% 1.29% 1.37%NPAs as a percent of total assets 0.68% 1.05% 0.91% 0.93%ALL as a percent of NPLs 110% 76% 82% 76%ALL as a percent of total loans 1.09% 1.19% 1.06% 1.05%(1) This book value and period end common shares outstanding includes 309,583; 326,453; 307,809 and 323,754 Rabbi Trust shares for the periods noted above, respectively.(2) The tangible capital ratio is a non-GAAP financial measure which we believe provides investors with information that is useful in understanding our financial performance. For the Three Months Ended March 31, December 31, ———————- ———- 2010 2009 2009 ———- ———- ———-Operating ResultsInterest incomeInterest and fees on loans $ 11,489 $ 11,768 $ 11,855Interest and dividends on investments 3,743 5,267 4,158Total interest and dividend income 15,232 17,035 16,013Interest expenseDeposits 1,564 2,836 1,854Short-term borrowings 409 85 308Long-term debt 994 1,773 1,147Total interest expense 2,967 4,694 3,309Net interest income 12,265 12,341 12,704Provision for credit losses 600 900 600Net interest income after provision for credit losses 11,665 11,441 12,104Noninterest incomeTrust Company income 518 401 469Service charges on deposits 1,239 1,238 1,454Gain (loss) on investment securities, net 709 (205) 1,163Other-than-temporary impairment losses on securities (80) — –Equity in losses of real estate limited partnerships, net (434) (463) (583)Other noninterest income 958 958 875Total noninterest income 2,910 1,929 3,378Noninterest expenseSalaries and wages 3,701 3,425 4,210Employee benefits 1,270 1,260 663Occupancy and equipment expenses 1,610 1,639 1,616Legal and professional fees 591 689 600Marketing expenses 315 341 328State franchise taxes 279 298 276FDIC Insurance 380 314 315Other noninterest expense 1,320 1,576 2,410Total noninterest expense 9,466 9,542 10,418Income before provision for income taxes 5,109 3,828 5,064Provision for income taxes 1,280 922 1,268Net income $ 3,829 $ 2,906 $ 3,796Ratios and Supplemental InformationWeighted average common shares outstanding 6,151,639 6,068,082 6,139,739Weighted average diluted shares outstanding 6,151,639 6,069,955 6,139,739Basic earnings per common share $ 0.62 $ 0.48 $ 0.62Diluted earnings per common share $ 0.62 $ 0.48 $ 0.62Return on average assets 1.09% 0.87% 1.07%Return on average shareholders’ equity 16.61% 14.50% 16.69%Net interest rate spread 3.61% 3.65% 3.61%Net interest margin 3.73% 3.85% 3.75%Net recoveries (charge-offs) to Average Loans (0.21%) (0.04%) (0.09%)Net recoveries (charge-offs) ($ 1,892) ($ 348) ($ 824)Efficiency ratio (1) 61.18% 61.65% 58.81%(1) The efficiency ratio excludes amortization of intangibles, equity in losses of real estate limited partnerships, OREO expenses, gain/loss on sales of securities, state franchise taxes, and any significant nonrecurring items.Note: As of March 31, 2010, the Bank had off-balance sheet liabilities in the form of standby letters of credit to customers in the amount of $3.88 million.Source: Merchants Bank. SOUTH BURLINGTON, VT–(Marketwire – April 29, 2010) –last_img read more

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How the Islip Garbage Barge Saga Compares to the Town’s Toxic Dumping Scandal

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York One year after Islip marked the 25th anniversary of the infamous garbage barge that made it a national laughingstock—and all the environmental progress it’s made since—politically connected haulers allegedly dumped toxins in town parks.But calling the Town of Islip home is not all the two environmental crises share in common. Both also gained notoriety beyond Long Island’s shores, sparked inquiries of how the region disposes of its waste and will linger for years to come. Of course, there are as many differences as there are parallels between the cases—most notably, only last year’s incident resulted in arrests.“The town is a study in contrast,” said Adrienne Esposito, executive director of the Farmingdale-based nonprofit Citizens Campaign for the Environment, which gave the town an “A” on its recycling report card in 2008—the only one of the 13 towns on LI to earn such a high grade in the first year the audit was conducted.“They were very effective in implementing and pursing a successful recycling program…and that’s a great thing,” Esposito said. “But, on the flip side, we have the illegal toxic dumping scandal in the parks. It’s clearly two steps forward, four steps backward.”The recycling program is among efforts Islip officials launched to rehabilitate its image after six states and three foreign nations turned away the barge full of its garbage when allegations surfaced that it was tainted with hospital waste. That barge, the Mobro 4000, had set sail on March 22, 1987—28 years ago Sunday. When nobody would take it after six months at sea, the trash was incinerated in New York City and its ashes were buried in the town’s Blydenburgh Landfill.“The situation was a wake-up call about the sorry state of waste disposal in this country and lack of effective recycling programs,” wrote Nancy Cochran, executive director of Keep Islip Clean—a nonprofit anti-litter group that the town founded two years after the barge incident—for an article published last year in Great South Bay Magazine. “It’s a great example of taking lemons and making lemonade,” observed Cochran, who declined to comment for this story.Giving that lemonade a twist of alleged public corruption is ex-Islip Parks Commissioner Joseph Montouri Jr., who is accused of allowing companies linked to Thomas Datre Sr. and his son, Thomas Datre Jr., to dump up to 1,800 truckloads—about 50,000 tons—of toxin-laced debris at Roberto Clemente Park in Brentwood. The haulers are also accused of dumping similar debris at a Police Athletic League ballpark in Central Islip, a veterans housing complex in Islandia, and in wetlands in Deer Park. Properly disposing of that amount of acutely hazardous material is estimated to cost about $3 million at an out-of-state facility.“They did it pure and simply for money,” said Suffolk County District Attorney Thomas Spota in December upon announcing the arrests of Montouri, the Datres and three subordinates, who were charged with criminal violations of environmental and public health laws. The same motive was true for the garbage barge’s backers, who were trying to capitalize on regulations enacted at the time that had closed many small LI landfills, leaving only large regional dumps that forced trash carters to seek alternatives.In the illegal Islip dumping case, all have pleaded not guilty. The attorney for the Datres and their businesses has said the case is a manufactured scandal designed to cut off the family’s donations to the local Republican Party, which has the majority on the Islip town board. Either way, the fallout has only just begun.LITTLE LIESMarking a quarter century since the historic voyage of more than 3,000 tons of trash that nobody wanted was “Garbage Barge Revisited: Art from Dross,” an Islip Art Museum exhibit of sculptures and other works made from recycled material, held in the summer of 2012. The following year is when authorities now believe the toxic dumping began, although arrests weren’t made until December 2014, following a lengthy investigation.While both cases seem to have unearthed their share of public hysteria, only the barge became fodder for The Tonight Show Starring Johnny Carson and mock concert t-shirts, such as one that read: “Islip Garbage World Tour ‘87.”“That had humor,” said Russ Moran, an assistant town attorney at the time, while recalling “the good ship Mobro.” But the current dumping scandal—and the carcinogens authorities say they’ve found in the soil—is deadly serious. “There’s nothing funny about this,” he said.Funny or not, both also became campaign issues. Phil Nolan, a Democrat who unsuccessfully tried in 1987 to unseat then-Islip Town Supervisor Frank Jones, recalled making an issue of the barge debacle on the campaign trail. Jones kept his job until ’93. Nolan later won on his fourth try, in 2006.“The biggest parallel of all, I think, is the one-party control,” recalled Nolan, who is now president of the Suffolk County OTB. “In both instances there were 5-0 Republican town boards… It’s the Islip Republican Party that gave you both of them.”Frank Tantone, chairman of the Islip Town Republican Committee, declined to respond to Nolan’s remarks.One of the current town councilmen, Anthony Senft, is actually a Conservative Party member. As liaison to the Islip parks department when the scandal broke, he took much of the heat while simultaneously running for New York State Senate against Esposito, the environmentalist, who dubbed him “Toxic Tony.” After Senft dropped out, Republican Islip Town Supervisor Tom Croci, a Navy reservist who had unseated Nolan in ’11, entered the race and won the state Senate seat. He wasn’t tarnished by the dumping scandal because he had been deployed overseas when the news broke.That left Croci’s successor in town hall, fellow Republican Angie Carpenter, who had previously been Suffolk County treasurer, to clean up the mess that prosecutors allege Croci’s appointee, former town parks commissioner Montouri, helped make. Carpenter did not mention the scandal when she was sworn in earlier this month, but the town has a deadline of this Thursday on a request for proposals for contractors to bid on the cleanup job. Town officials have forecast that remediation and rebuilding the park will cost about $6 million, but suspicions abound that costs will rise.Croci said last year that he’ll help fix the disaster from Albany, but he did not return a request for comment on what exactly he has done on this issue in the first three months that he has represented the 3rd Senate District.“He has been very, very open about wanting to help in any way possible,” said Carpenter, noting that she hasn’t had an opportunity to talk specifics with Croci yet. The new supervisor—who recalls defending former Supervisor Jones in an episode of The Phil Donohue Show before she began her career in elected office—believes the town will clean up the mess sooner rather than later.“It’s not going to linger for years,” Carpenter said. “It’s something….we’re going to move on…as quickly, safely and responsibly as we possibly can.”DEF CON ONEWith remediation underway at the Islandia veterans housing complex and Central Islip ball field, some of the cleanup has begun, but regardless of when the Brentwood park and Deer Park wetlands are restored, the case is sure to drag on in court.Aside from the complex criminal case—which has sparked a separate grand jury investigation—several lawsuits are in the works related to the toxic dumping. Residents have said that they plan to sue the town, the town has said that it plans to sue the alleged dumpers and even the New York State Attorney General’s office might get in on the action.“Our office is also exploring the possibility of civil enforcement action to seek redress for the community surrounding Roberto Clemente Park,” said Elizabeth DeBold, a spokeswoman for Attorney General Eric Schneiderman, in a statement.In the case of the Mobro 4000 garbage barge, the litigation over how to dispose of its trash lasted only months. Complex lawsuits such as those in Islip’s dumping scandal will likely last years before being resolved.When exactly Roberto Clemente Park will be able to reopen, nobody knows.WHERE THE STREETS HAVE NO NAMEIf it wasn’t bad enough that North Carolina, Louisiana, Alabama, Mississippi, Florida and New Jersey refused to take the Mobro’s rotting cargo, it became an international incident when Mexico, Belize and the Bahamas followed suit.Multinational elements emerged in the dumping scandal as well. That’s because the Islandia veterans housing complex was built for veterans returning from combat in Iraq and Afghanistan. And the two parks dumped upon are in the communities of Brentwood and Central Islip, which are both among the few LI hamlets where Hispanic residents make up the majority of the population.“Community members in Brentwood and Central Islip saw this as another instance of environmental racism,” said Daniel Altschuler, Civic Engagement and Research Coordinator for Make the Road New York. There have also been language barriers between residents and the town that left some in the community feeling as though their concerns were not heard.The public outrage has led to multiple rallies at town hall, where advocates for the communities have blasted the town board for their response to the dumping at nearly every meeting since news of the scandal broke. Similarly, environmental activists with Green Peace hung a giant banner on the Mobro barge that read: “Next time try recycling.”The question now is: Will the Islip town toxic dumping scandal serve as the same wake-up call that its garbage barge did three decades ago, or will the town try to sweep it under the rug after the park eventually reopens?—With additional reporting by Jaime Zahllast_img read more

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Optimism on a bitter sweet day…

first_imgI went home for a funeral last weekend. It was an occasion that was sad, but also a blessing. My Aunt’s health had been failing, and it was simply time for her to go home to a better place.During the weekend, I thought back to something I wrote a while ago. I hope you don’t mind the recycled content, but it seemed more appropriate than anything new I could write.It is easy to smile when you’re winning.  When the ball bounces your way.  Success puts a skip in your step. You have an extra dose of patience, and you glow with self-confidence.Everyone loves being around a winner.But winning streaks end.  Bad days are always a part of life, and you’ll have them as a manager.String a few bad days together, and those smiles can be hard to find.  That skip in your step?  Gone.But not everyone.  There are some folks who push through adversity with a smile.  It isn’t the smile of ignorance.  Rather, it’s the smile of a professional who knows it is time to roll up one’s sleeves and get to work. continue reading » 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Court drops fugitive Djoko Tjandra’s case review plea after consecutive no shows

first_imgThe South Jakarta District Court has dropped a case review petition filed by graft fugitive Djoko Soegiarto Tjandra against his guilty conviction after he repeatedly failed to show up for the hearings.The court announced the decision hours before the National Police brought the fugitive, who had been on the run for 11 years, back to Indonesia following an arrest in Malaysia on Thursday.Suharno, the court’s spokesperson, said that the panel of judges handling the case had issued the ruling on Tuesday and had notified the prosecutors, Djoko and his legal team about the decision. With his absence, the court said, Djoko had violated Supreme Court Circular No.1/2012 stipulating that case review requests submitted by lawyers without the convict present shall not be accepted.In 2009, the Supreme Court sentenced Djoko to two years imprisonment and ordered him to pay more than Rp 546 billion (US$54 million) in restitution for his involvement in the high-profile Bank Bali corruption case. However, he fled to Papua New Guinea a day before the court ruling and remained at large for years.Djoko’s lawyers had demanded the case review hearings be conducted online due to what they said was the convict’s bad health condition. Prosecutors, however, rejected the demand, citing the abovementioned Supreme Court circular.Tama S. Langkun, a researcher from Indonesia Corruption Watch (ICW), applauded the court’s decision to drop the case review plea, adding that the convict did not deserve a review as he had escaped to avoid serving his sentence.”However, the case is not over as the convict has not served his sentence yet,” Tama told the Post on Thursday. “We hope that there will be an attempt to catch [Djoko] and force him to fulfill his obligations according to the court’s ruling.”Topics : “The ruling states that the request for a case review from the applicant or convict Djoko Soegiarto Tjandra cannot be accepted and the case dossier will not be forwarded to the Supreme Court,” Suharno told The Jakarta Post on Thursday.Suharno said the court could not accept the plea as Djoko — who had filed the request for the case review in early June — had failed to show up for the hearing for the case review.Read also: Fugitive Djoko Tjandra skips another hearing, reportedly residing in MalaysiaThe court had previously summoned Djoko four times, but he reportedly claimed he could not attend due to poor health.last_img read more

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Navios Holdings Sees Red Ink

first_imgGreek shipping firm Navios Maritime Holdings widened its net loss in the first quarter of 2017, reaching USD 48.7 million, compared to a net loss of USD 7.5 million posted in the same period a year earlier.In the three month period ended March 31, 2017, the company’s revenue dropped to USD 95.3 million from USD 101.5 million seen in 1Q 2016.Furthermore, adjusted EBITDA for the quarter decreased to USD 17.5 million from USD 30.6 million recorded in the same period last year.“I am pleased with our results for the first quarter, in which we recorded revenue of USD 95.3 million, EBITDA of USD 17.5 million and net cash from operating activities of USD 28.6 million. We also ended the quarter with USD 138.2 million in cash, while having no committed growth CAPEX or any significant debt maturities until 2019. In a recovering market, we are positioned to enjoy substantial free cash flow from an increase in charter rates,” Angeliki Frangou, Chairman and Chief Executive Officer, commented.During the quarter, Navios Maritime Partners agreed to acquire the entire container fleet consisting of fourteen ships from Rickmers Maritime Trust. As informed, the acquisition of the first five 4,250 TEU boxships is expected this month.Additionally, the company formed Navios Containers, a Marshall Islands firm, which intends to sell around USD 15 million of its shares for aggregate gross proceeds of about USD 75 million.In late April, Navios Holdings reached a deal with FSL Trust Management, the trustee-manager of First Ship Lease Trust, to acquire a major share in the company. Definitive agreements are expected to be reached by September 30, 2017, according to the company.“The strength of Navios Holdings’ sponsorship allowed Navios Partners to grow significantly by raising USD 100 million in the first quarter and entering into an agreement to acquire the RMT fleet. In addition, it allowed Navios Containers to raise USD 75 million of gross equity proceeds in its initial capitalization. Navios Holdings also agreed to acquire control of the FSL Trust which owns 22 vessels,” Frangou added.In 1Q 2017, Navios Holdings agreed to sell two Handymax vessels, Navios Ionian and Navios Horizon for USD 11.8 million. The company said the vessels are collateral to its 7.375% First Priority Ship Mortgage Notes due in 2022.What is more, the company refinanced one of its existing debt facilities securing a 2010-built Capesize vessel with a USD 15.3 million new bank loan.In May, Navios Logistics acquired two product tankers, Ferni H and San San H for USD 11.2 million which Navios previously operated under capital lease with an obligation to purchase in 2020. The remaining capital lease obligation was terminated after the acquisition of the vessels. The acquisition of the two product tankers was financed with a USD 14 million five-year term loan.Currently, Navios Holdings controls a fleet of 66 operating vessels of which 40 are owned and 26 chartered-in. The company’s fleet has a total tonnage of 6.7 million dwt.last_img read more

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TE SubCom Introduces Ocean Control Suite

first_imgTE SubCom, a TE Connectivity company, has introduced its Ocean Control suite, the technology that represents a leap forward in network control efficiency through software-defined networking (SDN). By enabling automated control over all parts of a communications network, the Ocean Control suite offers remote programmability and control of an entire communications network, both terrestrial and undersea.The suite uses RESTful application programming interfaces (APIs) with read and write functionality to interface with undersea network elements like wavelength selective switch reconfigurable optical add drop multiplexer (WSS ROADMs). SubCom partner Ciena  is among the first to take advantage of the new API capabilities, which will be demonstrated to a select audience in Ciena’s Ottawa labs throughout May.Mark Enright, vice president, customer solutions of TE SubCom said, “The Ocean Control suite enables us to further strengthen SubCom’s commitment to customers, through our partnership with Ciena. With this new technology, we’re building the API platform that will underpin the future of an optimized network control interface.”“We look forward to the opportunity to put the SubCom APIs to good use. They will provide a seamless integration into our Blue Planet Manage, Control and Plan (MCP) domain controller to enable the automated delivery of services across Ciena packet-optical networks, and more programmable management,” said Ian Clarke, vice president, global submarine systems of Ciena.last_img read more

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No Barcelona exit for Ivan Rakitic this January transfer window

first_img Promoted Content6 Interesting Ways To Make Money With A DroneWhich Country Is The Most Romantic In The World?Best Car Manufacturers In The World7 Ways To Understand Your Girlfriend BetterTop 10 Most Romantic Nations In The World13 kids at weddings who just don’t give a hootDid You Know There’s A Black Hole In The Milky Way?This Guy Photoshopped Himself Into Celeb Pics And It’s HystericalA Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This Day7 Black Hole Facts That Will Change Your View Of The Universe11 Theories Why We Haven’t Met Any Aliens Yet20 Celebs With Bizarre Hidden Talents And Skills That’s the view of Spanish publication Diario Sport who claim that the 31-year-old isn’t going anywhere.Speculation over Rakitic’s future has been rife with Manchester United, Inter Milan and Juventus all interested in his services in the summer.The Croatia international has seen his minutes reduced as he competes for a spot in midfield with the likes of Sergio Busquets, Arthur and Frenkie de Jong.Rakitic has made just 23 appearances for Barca this season so far in all competitionsRead Also:Messi sets Barcelona record that might remain foreverThe midfielder has made 23 appearances for Barcelona this season so far in all competitions but he is determined to see the campaign out at the Nou Camp.His contract with Barcelona runs out in June 2021, having signed an extension back in 2017.FacebookTwitterWhatsAppEmail分享 Loading… center_img Barcelona midfielder Ivan Rakitic has ‘decided to stay at Barcelona and fight for his place rather than leave the club before the transfer window shuts’.Advertisementlast_img read more

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Murder charges dropped in overdose death case

first_imgVersailles, In. — Following a decision by the Indiana Court of Appeals murder charges against James Trimnell have been dropped. Trimnell was charged in connection with the overdose death of Rachel Walmsley in Batesville in July of 2017.Ripley County prosecutor Ric Hertel plans to wait for the pending court decision regarding Trimnell’s co-defendant Nathaniel Walmsley before moving forward. However, additional charges against Trimnell have not been ruled out.last_img

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