Cathedral Dean Boise, ID TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Saint Thomas Church is heartbroken by the sudden death of John Scott, Organist and Director of Music, on Wednesday, August 12.John returned to New York on August 11 after a very successful European tour. He was not feeling well the next morning and suffered a sudden cardiac episode. He was taken to Roosevelt Hospital but never regained consciousness. His wife, Lily, was by his side when he died. John and Lily are expecting their first child in September.The Rector, Headmaster, Wardens, Vestry, and Staff are shocked by John’s untimely death. Our thoughts and prayers are with Lily and John’s family. John and Lily are at the very heart of the Saint Thomas Church family and its mission.John was appointed Organist and Director of Music of Saint Thomas Church and Choir School in 2004. He previously served at Saint Paul’s Cathedral for 26 years. He was born in 1956 and is a graduate of Saint John’s College, Cambridge. In addition to his beloved wife, Lily, he is survived by two children, Emma and Alex, and two sisters, Judith and Helen.John’s contribution to music is a lasting legacy to the Church and to the world. He was a man of great faith; the words of J.S. Bach, Soli Deo Gloria (Glory to God alone) inspired his ministry.A Requiem Mass will be offered for the repose of his soul at Saint Thomas Church on Thursday, August 13, at 5:30pm. Funeral arrangements will be posted here in due course.May choirs of angels receive him and may he have eternal rest. Rector Washington, DC Assistant/Associate Rector Morristown, NJ Submit a Job Listing Priest Associate or Director of Adult Ministries Greenville, SC Featured Events Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Rector Belleville, IL Rector Smithfield, NC The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Assistant/Associate Rector Washington, DC This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Missioner for Disaster Resilience Sacramento, CA An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Featured Jobs & Calls Submit a Press Release Rector and Chaplain Eugene, OR Assistant/Associate Priest Scottsdale, AZ Bishop Diocesan Springfield, IL Liturgy & Music, Associate Rector Columbus, GA Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Course Director Jerusalem, Israel Curate Diocese of Nebraska Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET New Berrigan Book With Episcopal Roots Cascade Books Rector Martinsville, VA Obituary, Canon for Family Ministry Jackson, MS Rector Hopkinsville, KY Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York RIP: John Scott, Saint Thomas Church organist, director of music Rector Albany, NY People Priest-in-Charge Lebanon, OH Rector (FT or PT) Indian River, MI Rector Collierville, TN Director of Music Morristown, NJ Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Submit an Event Listing Press Release Service Rector Shreveport, LA Family Ministry Coordinator Baton Rouge, LA Rector Bath, NC Curate (Associate & Priest-in-Charge) Traverse City, MI Associate Rector for Family Ministries Anchorage, AK Rector/Priest in Charge (PT) Lisbon, ME Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Director of Administration & Finance Atlanta, GA Rector Knoxville, TN Rector Pittsburgh, PA Youth Minister Lorton, VA Associate Priest for Pastoral Care New York, NY Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Posted Aug 13, 2015 Tags Rector Tampa, FL
Canon for Family Ministry Jackson, MS Rector (FT or PT) Indian River, MI Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Rector/Priest in Charge (PT) Lisbon, ME Rector Collierville, TN Cathedral Dean Boise, ID Priest Associate or Director of Adult Ministries Greenville, SC Submit a Press Release Submit an Event Listing Featured Events Director of Music Morristown, NJ Course Director Jerusalem, Israel Rector Washington, DC Associate Rector for Family Ministries Anchorage, AK New Berrigan Book With Episcopal Roots Cascade Books In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Director of Administration & Finance Atlanta, GA Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Associate Priest for Pastoral Care New York, NY Rector Tampa, FL Missioner for Disaster Resilience Sacramento, CA Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Rector Shreveport, LA Priest-in-Charge Lebanon, OH Rector Hopkinsville, KY Rector Albany, NY Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Assistant/Associate Priest Scottsdale, AZ Bishop Diocesan Springfield, IL Rector Smithfield, NC Rector Belleville, IL [Anglican Communion News Service] The primate of the Anglican Church of Australia, Archbishop Philip Freier, has welcomed a proposed referendum on whether the country should allow same-sex marriages, but expressed concern about the “tenor of the debate.” Australian Prime Minister Malcolm Turnbull promised a referendum on the issue during his campaign in the country’s general election in July. As Turnbull leads the new coalition government, a referendum is expected, but the details have not been announced. Opposition remains in parliament to a plebiscite, even from supporters of same-sex marriage.Full article. The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab By Gavin DrakePosted Sep 9, 2016 Youth Minister Lorton, VA Rector and Chaplain Eugene, OR Family Ministry Coordinator Baton Rouge, LA The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Press Release Service An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Tags Submit a Job Listing Featured Jobs & Calls Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Curate Diocese of Nebraska Same-Sex Marriage Anglican Communion, Australia: Primate welcomes same-sex marriage plebiscite, warns against vilifying debate Assistant/Associate Rector Morristown, NJ This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Assistant/Associate Rector Washington, DC Rector Pittsburgh, PA Rector Knoxville, TN Human Sexuality, Associate Rector Columbus, GA Rector Bath, NC Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Rector Martinsville, VA Curate (Associate & Priest-in-Charge) Traverse City, MI
Projects ArchDaily Save this picture!© Clément Guillaume+ 56 Share France CopyHouses•Paris, France Architects: Djuric Tardio Architectes Year Completion year of this architecture project Eco-Sustainable House / Djuric Tardio ArchitectesSave this projectSaveEco-Sustainable House / Djuric Tardio Architectes ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/227288/eco-sustainable-house-djuric-tardio-architectes Clipboard CopyAbout this officeDjuric Tardio ArchitectesOfficeFollowProductWood#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesParisSustainabilityHousesFrancePublished on April 18, 2012Cite: “Eco-Sustainable House / Djuric Tardio Architectes” 18 Apr 2012. ArchDaily. Accessed 11 Jun 2021.
ArchDaily Houses photographs: Seunghoon Yum, Eunsoo SunPhotographs: Seunghoon Yum, Eunsoo SunSave this picture!First Floor PlanRecommended ProductsEnclosures / Double Skin FacadesFranken-SchotterFacade System – LINEAEnclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreMetallicsKriskadecorMetal Fabric – Outdoor CladdingEnclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsText description provided by the architects. SM’1 House is the house of the architect who has his wife and two daughters. Everyone who constructs wants to build his house but it’s said to be difficult to do such a thing easily. The excuse that architects have not established their construction world, vague fear and hesitation seem to make they feel a heavy burden. Save this picture!© Eunsoo SunI had been in such troubled and delayed it, during thinking ‘I have to do something as a architect and a father’ for the closest people called ‘Family’, I watched a father’s story on the media accidentally and the story haunted me. It’s said that the house is a place where children’s value memories are and makes them keep their memories of childhood a lot. Save this picture!© Seunghoon YumHowever, most people build their house tremendously for a couple after children grew up and leave their parents. I blamed myself for ‘ Are there spatial sympathy of family during living the apartment for dozens of years? How often do we communicate with each other? in that space”. During I was thinking about these questions, I liked to build a house as soon as possible and then I put the thought in practice. At home, I don’t know how long I live in the house but I want to dream beautiful memories and the happiness of my family.Save this picture!© Seunghoon YumOra 3-dong, Jeju-si, Jeju Special Self-Governing Province is located around the existing settlements that is in the old town(Juju-si) in current Juju and in the center of New Jeju. Around it, houses and villas, warehouses, etc are in the village so they make people feel a bit messy. The site is land which gives a cozy and comfortable feeling due to being well-lighted having a full south aspect. To the south, there is Hallasan(Mt), to the north, there are the airport and the offing so it has nice view.Save this picture!© Seunghoon YumThe main concept of the deployment plan is if possible, to direct the space with different feelings by setting the relationship of the outer space in each room respectively. The space divided into this is planned to hold features of Jeju’s traditional house deployment, several small yards and a front yard have appropriate hierarchy in the yard and try to communicate organically each other. In addition, the feeling of the yard is a lyrical space where I saw in the grandmother’s house in the childhood, and the same concept in lighting plan to direct was applied and planned.Save this picture!© Seunghoon YumThe main room(large Kudul), kitchen(Jeongji), guest and tea room(Barkgeori), hobby room, utility room(Gopang) are planned focusing on the living room(Sangbang) on the first floor, it’s planned that the living room is in the center of the house and family members can get together, the living room always gives bright and spacious feeling by placing my housewife’s flow and eyes openly with opening it with the kitchen. Save this picture!© Seunghoon YumIn particular, I made both the front yard and inside-back yard come to indoor. In the guest room, Pongnang yard emphasizes lyricism to remind people of neat Jeju stones and Pongnang on the past ollegil.Save this picture!© Eunsoo SunThe facade reflected on the form of flat arranged as the three-dimension moderated decorations as much as possible to emphasize neat feeling. Neat and clean white stucco and glass has the intention not to disturb surroundings by embracing natural colors. Project gallerySee allShow lessPhotographer Victor Enrich Reshapes an Existing Hotel, 88 TimesArchitecture NewsThe Ten Most Read Articles of 2013Misc Share Save this picture!© Seunghoon Yum+ 27 Share CopyAbout this officeSUN Architects & Engineers OfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesJeju-siHousesPublished on December 31, 2013Cite: “SM’1 House / SUN Architects & Engineers ” 31 Dec 2013. ArchDaily. Accessed 11 Jun 2021.
Rally at Temple University, May 8.WW photo: Joseph PietteHundreds of students and community activists gathered at Temple University in Philadelphia on May 8 for a rousing rally calling for the rehiring of Dr. Anthony Monteiro and the firing of Dean Teresa Soufas.Rally speakers included Dr. Cornel West; Marc Lamont Hill; Pam Africa; state Rep. Curtis Thomas; Henry Nicholas, president of Service Employees union 1199c; Sabrina Sample with People United for Real Power; Dr. Rhone Fraser; the Rev. Renee McKenzie-Hayward of the Church of the Advocate; Joe Piette with the Phair Hiring Coalition; Rose Daraz from Temple Students for Justice in Palestine; and others. Kai Ayana Davis from Babel Temple University performed spoken word poetry. The event was co-chaired by Patrice Armstead of Building Peoples Power and Temple student Paul Winston Cange.A popular professor in Temple’s African-American Studies Department, Monteiro was notified in February that his contract would not be renewed despite his being promised tenure when he came to Temple over 10 years ago. Monteiro’s firing appears to be politically motivated given his support for political prisoner Mumia Abu-Jamal, his outspoken criticism of the corporatization of Temple, and the university’s constant gentrification of the surrounding African-American working-class community. For years Monteiro taught W.E.B. DuBois’ “Black Reconstruction in America,” and he recently conducted community based classes on Black Liberation and philosophy.This rally follows weeks of student protests, sit-ins, community marches, and the collection of over 1,000 signatures on petitions to Temple University President Neil Theobald. As the rally ended, dozens of students moved onto Broad Street, blocking traffic to drive home their demands.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
Facebook Twitter Home Indiana Agriculture News Doing What We Never Had To Do Before By Gary Truitt – Jan 27, 2015 SHARE SHARE It’s a Jungle Out ThereJolene BrownIndiana farmers today are having to do something they have never had to do before: defend their right to farm. One outspoken advocate for agriculture told a group of Hoosier producers this week just how to do that. Jolene Brown is a farm wife, is an expert on family business management, and also travels the nation telling farmers how to defend what they do every day. She told HAT that farmers today must realize that the public sees food and food production in a much different way, “Even the four food groups are different today. There is fast food, frozen food, dine out, and carry out.” She added the mindset and the expectations of consumers have changed, “There is a world out here that does not understand agriculture, and they get to decide if we stay in the business of agriculture because they vote. We have to understand that the value of what we do is in the eye of the purchaser not the producer.” As a result, she suggests farmers must present what they do differently. Brown says she does not tell people she is a farmer, “I tell them I am in the consumer service and products industry. When they ask what I produce, I tell them the food for your family, the clothing on your back, and the fuel for your car — I am farmer.” Sometimes she will also add, “By the way, if you also use oxygen, I also produce that.”She said today people don’t understand agriculture and, as a result, have a lot of questions that we in agriculture must be willing and able to answer, “Like the housewife who asks if cows who give skim milk drink more water, or the man who asks if farmers expect the government to bail them out every time there if a drought or flood.”She told her audience at the Water Street Edge meeting in Indianapolis that farmers must become advocates for agriculture, “I tell these farmers and ranchers that if they are not going to do it, then they need to support those who are willing to stand up and speak up and speak out for agriculture.” She added social media requires that farm groups as well as farmers stay alert and respond quickly and honestly when a negative YouTube video goes on line. She also encouraged producers to be willing to engage with consumers in person, in one-on-one conversations. Doing What We Never Had To Do Before Facebook Twitter Previous articleE-15 Continues to Grow in Southern USNext articleMaryland Governor’s EPA Moves Send Message Gary Truitt
News Reporters Without Borders is appalled by the situation in South Sudan where President Salva Kiir, speaking at a news conference on 16 August, threatened to have journalists murdered if they “work against their country” and where reporter Peter Moi was gunned down outside his office in the capital three days later. August 21, 2020 Find out more News Organisation Follow the news on South Sudan News August 20, 2015 – Updated on May 31, 2016 Reporter gunned down three days after presidential license to kill South SudanAfrica August 25, 2020 Find out more Brushing aside criticism of media freedom violations at the press conference, President Kiir said: “Freedom of press does not mean that you work against your country. And if anybody among them does not know this country has killed people, we will demonstrate it one day on them.”As far as death threats go, nothing could be clearer.An employee of The Cooperate Newspaper and New Nation (a digital media outlet), Moi was shot dead yesterday by unidentified gunmen as he left his office to go home. His killers did not take his money or his mobile phone. The Union of Journalists of South Sudan called his death an intentional killing. Although Moi’s murder cannot, for the time being, be directly linked to his journalistic work or President Kiir’s comment, it comes against a backdrop of extreme violence for journalists in South Sudan.“It is absolutely criminal for a president to threaten his country’s journalists with death,” Reporters Without Borders secretary-general Christophe Deloire said. “Certain words can kill, especially when uttered by a president. We urge Salva Kiir to quickly retract his comments and to issue a strong statement condemning crimes of violence against journalists. He has clearly played a role in the decline in the general security situation for journalists.Deloire added: “As regards Peter Moi’s murder, South Sudan’s authorities must ensure that an independent, impartial and thorough investigation is carried out in order to quickly provide Moi’s family with answers.”Moi was the seventh journalist to be murdered in South Sudan since the start of the year. The most recent previous victim was radio journalist Tamazuj James Raeth, whose 20 May murder has yet to be solved.Ever since the start of South Sudan’s civil war in December 2013, President Kiir’s government has resolutely sacrificed freedom of information in the pursuit of “security.” South Sudan is ranked 125th out of 180 countries in the press freedom index that Reporters Without Borders published in February. to go further Receive email alerts December 23, 2020 Find out more South SudanAfrica RSF_en RSF welcomes UN Special Rapporteur’s statement calling for justice for Christopher Allen three years on News Online memorial and writing prize launched to mark 30th birthday of slain journalist Christopher Allen Red alert for green journalism – 10 environmental reporters killed in five years Help by sharing this information
Follow the news on Iraq RSF_en IraqMiddle East – North Africa News RSF’s 2020 Round-up: 50 journalists killed, two-thirds in countries “at peace” December 28, 2020 Find out more Three jailed reporters charged with “undermining national security” News Reporters Without Borders today hailed the “unexpected” provisional release yesterday of Hafnaoui Ghoul, the daily El-Youm’s correspondent in Djelfa (270 km south of Algiers) and head of the regional office of the Algerian League for the Defence of Human Rights (LADDH), who was arrested six months ago for libel.”Ghoul has been reunited with his family after being unjustly imprisoned for six long and hard months,” Reporters Without Borders said. “This good news must now be followed by the dropping of all the proceedings against him so that this judicial intrigue against him can end.”The organisation said it hoped his release was a sign that the government had decide to defuse its “extremely stormy” relations with the privately-owned press. “Algerian journalists being sued for libel should no longer have to fear prison sentences, a sword of Damocles that is contrary to international press freedom standards.”Reporters Without Borders added: “We call on the Algerian authorities to display the same open-mindedness toward Le Matin editor Mohammed Benchicou, who was sentenced to two years in prison.”Reached by phone, Ghoul told Reporters Without Borders: “I am very happy with this outcome but this is not the end of the fight for press freedom and human rights.” He said his release was a “surprise.” It came after President Abdelaziz Bouteflika visited Djelfa in the course of campaign to destroy Algeria’s last stocks of anti-personnel mines.Ghoul was transferred from Ourgla prison to Djelfa prison on 24 November and then was released yesterday without explanation. He had registered a request for provisional release on 23 November on the encouragement of the prison authorities, and the request was granted within 48 hours. The supreme court still has to consider the appeals filed by his lawyers.Hounded by the courtsGhoul was detained as he left his home on 24 May by plain-clothes police and placed in custody in connection with a libel action brought by the prefect of Djelfa. After a summary trial, he was sentenced two days later to six months in prison and a fine of 50,000 dinars (about 600 euros). His offence was to have reported alleged abuses of authority by the prefect and the fact that 13 babies were found dead in Djelfa hospital.On appeal, a court sentenced him to a further three months in prison and a fine of 100,000 dinars in connection with another case on 11 July.Then, on 8 August, he was sentenced to another three months in prison, a fine of 50,000 dinars and damages of 1 million dinars (about 11,140 euros) for an article in the Arabic-language daily El Djazaïr News on 23 May about local corruption and mismanagement that was the subject of libel action by 14 plaintiffs.Finally, on 29 August, the Djelfa appeal court upheld a sentence of two months in prison and a fine of 2,000 dinars (about 23 euros) that had been imposed because he sent his daughter a letter from prison in a manner that violated prison rules.In all, about 20 libel actions were brought against him by local figures and government offices. He staged a hunger strike in August in protest against this judicial harassment, but called it off after two weeks for health reasons.Le Matin editor Mohammed Benchicou began serving a two-year prison sentence on 14 June for “violating the law governing exchange control and capital movements” on the grounds that certificates of deposit were found in his luggage at Algiers airport in August 2003. The sentence was confirmed in August.Le Matin opposed President Bouteflika during his campaign for re-election in April. Previously, in February, Benchicou published a scathing leaflet about him entitled, “Bouteflika, an Algerian imposter.” November 26, 2004 – Updated on January 20, 2016 Hafnaoui Ghoul freed provisionally after being held for six months for libel IraqMiddle East – North Africa to go further Iraq : Wave of arrests of journalists covering protests in Iraqi Kurdistan Reporters Without Borders welcomes the unexpected release of journalist Hafnaoui Ghoul, who had been held for six months for alleged libel and had been hounded by the courts. The organisation urges the Algerian authorities to be just as open-minded and conciliatory in the case of Le Matin editor Mohammed Benchicou, who is serving a two-year sentence. Receive email alerts News News February 15, 2021 Find out more Help by sharing this information December 16, 2020 Find out more Organisation
Home / Daily Dose / Cleveland Bank Demonstrates Ability to Remain Well-Capitalized in Stress Test The Week Ahead: Nearing the Forbearance Exit 2 days ago July 2, 2015 899 Views Print This Post Related Articles The Best Markets For Residential Property Investors 2 days ago Dodd-Frank Federal Reserve OCC Stress Tests Third Federal Savings and Loan Association of Cleveland 2015-07-02 Brian Honea Sign up for DS News Daily Tagged with: Dodd-Frank Federal Reserve OCC Stress Tests Third Federal Savings and Loan Association of Cleveland Share Save Previous: FHFA Seeking $13 Billion From RBS in Mortgage-Backed Securities Suit Next: National Appraisal Congress Launches Subcommittee to Address Valuations Workforce Shortage Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The Third Federal Savings and Loan Association of Cleveland, a wholly owned subsidiary of TFS Financial Corporation, recently reported the results of its 2015 company-run stress test that is conducted in accordance with regulations of the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency (OCC) under the Dodd-Frank Wall Street Reform and Consumer Protection Act.“These company-run stress tests are designed to help assess whether financial institutions have sufficient capital to absorb losses and support operations using a hypothetical stressed scenario described by the Federal Reserve, over a nine-quarter projection period from October 1, 2014 to December 31, 2016,” Third Federal Savings and Loan said in a press release.The Association also noted that compared to institutions with assets of $50 billion or more, the stress testing requirements and expectations are significantly lower for institutions with assets between $10 billion and $50 billion. Meduim-sized companies, including the Association, are not required to do the Federal Reserve’s supervisory-run stress tests or the Federal Reserve’s annual Comprehensive Capital Assessment and Review. They are also not required to submit an annual capital plan or subject to a supervisory approval or denial of their stress test results.The hypothetical scenario involves economic conditions that are more adverse than currently expected by the Federal Reserve or the Association and therefore investors should not rely on these results as forecasts of expected or most likely financial results or capital ratios for the Association or the Company.The Association revealed that loan losses within the company in the severely adverse scenario totaled $129,075, while pre-provision net revenue (PPNR) totaled $72,509. Provision expenses reached $206,202 and net loss totaled $88,463.“In this scenario, economic factors in the United States reflect a contracting economy marked with rising unemployment, widening credit spreads, low treasury yields, declining asset prices and near-term inflationary pressures brought about by a considerable rise in the price of oil,” the Association reported. “While the Association does not believe this economic environment has a high probability of occurrence, the test demonstrates our ability to remain well-capitalized after absorbing anticipated losses during a period of deep recessionary effects in the economy.”A description of the risks included in the company-run stress test follows:Credit- The risk that an extension of credit to a borrower will result in the inability of the borrower to meet the terms of the obligation.Liquidity- The risk that attrition of the retail deposit base would result in an inability to fund lending activity through alternative channels.Market- The risk that market interest rates would adversely affect fair market valuation assessments to our available-for-sale securities portfolio.Operational- The risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events.Click here to view the Third Federal Savings and Loan Association of Cleveland’s Stress Test Results. About Author: Xhevrije West in Daily Dose, Featured, Government, News Subscribe Cleveland Bank Demonstrates Ability to Remain Well-Capitalized in Stress Test The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago
WhatsApp Google+ By News Highland – June 7, 2013 Facebook Campbell says ‘sensational’ claims are muddying the waters in LYIT Killybegs debate Google+ Pinterest WhatsApp Facebook Man arrested on suspicion of drugs and criminal property offences in Derry News Further drop in people receiving PUP in Donegal Pinterest There was a mixed response from Donegal County Councillors to calls for the local authority to back the retention of Letterkenny Institute of Technology’s Tourism Campus in Killybegs.The issue has been raised by Councillor John Campbell who says the retention of the campus is crucial to the town – its future is in the balance due to funding issues and a low level of enrolment.Some councillors suggested the campus was on its last legs and could be lost to Sligo or Galway if not moved to Letterkenny but Councillor Campbell says those suggestions sensationalising the issue:[podcast]http://www.highlandradio.com/wp-content/uploads/2013/06/johnamlyit.mp3[/podcast] 365 additional cases of Covid-19 in Republic RELATED ARTICLESMORE FROM AUTHOR Main Evening News, Sport and Obituaries Tuesday May 25th Twitter 75 positive cases of Covid confirmed in North Gardai continue to investigate Kilmacrennan fire Previous articleTwo people suffer injuries in Laghey three vehicle RTCNext articleBundoran Lifeboat helps two swimmers in distress News Highland Twitter