Vermont Chamber of Commerce Elects New Board Members

first_imgLast month at its Annual Meeting members of the Vermont Chamber of Commerce elected seven businesspeople to the Board of Directors.The Vermont Chamber welcomes the following individuals to its Board of Directors:Tom Donahue; Rutland Region Chamber of CommerceKevin Dwyer; Hackett, Valine, and MacDonaldDaria Mason; Central Vermont Medical CenterBob Rogan; Burlington, VermontKathleen Schirling; Chittenden BankStephen Terry; Green Mountain PowerDavid Wolk; Castleton State CollegeDuane Marsh, Vermont Chamber President, stated, “We are very pleased that these individuals have agreed to bring their talents to the table. They will add to the Vermont Chamber’s diverse representation of the Vermont business community.”Each new member will serve for a one-year term, effective immediately.###last_img read more


Vermont tax revenues below targets as recovery lags

first_imgSecretary of Administration Neale F Lunderville announced today that Vermont’s July revenue figures for the General Fund and Transportation Fund fell below targets, while the Education Fund exceeded its target.General FundSecretary of Administration Neale F Lunderville released the July 2010 General Fund Revenues today. July is the first month of fiscal year (FY) 2011. General Fund revenues totaled $82.22 million for July 2010, and were -$3.61 million or -4.21% below the $85.83 million consensus revenue forecast for the month. July is the first month of the fiscal year; therefore the monthly and year to date results are the same.The monthly targets reflect the revised Fiscal Year 2011 Consensus Revenue Forecast approved by the Emergency Board at their July 15, 2010 meeting. Statutorily, the State is required to revise the Consensus Revenue Forecast two times per year, in January and July. The Emergency Board may schedule interim revisions if deemed necessary.Personal Income Tax (PI) receipts are the largest single state revenue source, and are reported Net-of-Personal Income Tax refunds. Personal Income Tax receipts for July were recorded at $43.27 million, or -$1.99 million or -4.40% below the monthly target of $45.26 million.Corporate Income Taxes for July, which are also reported net-of-refunds, were recorded at -$0.81 million against a target of $1.62 million, or -$2.42 million (-149.86%) below the monthly target of $1.62 million, due to higher than expected corporate refund activity.The consumption taxes were above target for July; Sales & Use Tax receipts of $19.88 million were above target by +$0.19 million (+0.94%), while Rooms & Meals Tax receipts of $10.07 million were above target by +$0.11 million (+1.05%).The remaining tax components include Insurance, Inheritance & Estate Tax, Real Property Transfer Tax, and ‘Other’ (which includes: Bank Franchise Tax, Telephone Tax, Liquor Tax, Beverage Tax, Fees, and Other Taxes). The results for July were as follows: Insurance Tax, $0.28 million (-18.04%); Estate Tax, $0.90 million (-33.05%); Property Transfer Tax, $0.74 million (-11.11%); and ‘Other’, $7.87 million (+16.43%).Transportation FundSecretary Lunderville also reported on the non-dedicated Transportation Fund Revenue for July. Total non-dedicated Transportation Fund receipts of $15.57 million for July fell short of target by -$0.13 million (-0.80%), against the July target of $15.70 million.Individual revenue receipts components for July were: Gasoline Tax, $5.15 million or -1.12% short of target; Diesel Tax, $0.70 million or -10.91% below target; Motor Vehicle Purchase & Use Tax, $3.21 million or -3.19% below target; Motor Vehicle Fees, $5.52 million or +8.65% above target; and Other Fees, $1.00 million or -23.99% below the monthly target.Secretary Lunderville also reported on the July results for the Transportation Infrastructure Bond Fund (’TIB’). TIB Fund Gas receipts for July were $1.33 million or -5.00% short of target. TIB Fund Diesel receipts were $0.08 million or -10.97% short of target for July. TIB Fund receipts are noted below the following table:Education FundThe ‘non-Property Tax’ Education Fund revenues (which constitute 11.75% of the total Education Fund sources) were released today by Secretary Lunderville. The non-Property Tax Education Fund receipts for July totaled $12.55 million, or +$0.04 million (+0.32%) above the $12.51 million target for July.The individual Education Fund revenue component results for July were: Sales & Use Tax, $9.94 million, or +0.94% ahead of target; Motor Vehicle Purchase & Use Tax, $1.60 million or -3.19%; Lottery Transfer, $1.00 million – exactly on target; and the Education Fund Interest receipts were essentially $0, as was the target.Conclusion‘July’s target is always difficult to parse out from the annual Consensus Revenue Forecast. Over the last two decades, the July results have deviated from the July targets more often than not. One month’s results are insufficient to project a revenue trend ‘ up or down,’ said Secretary Lunderville. ‘However, we remain vigilant in the face of a weak recovery which seems to have lost momentum.’last_img read more


Why DEI has been a focus for World Council of Credit Unions since our inception

first_imgI serve an international organization that has been a bridge across borders, across oceans and across ethnic, racial, cultural, and religious identities for nearly fifty years. Since the death of George Floyd, we ask, “have we done enough to address diversity, equity and inclusion?”  Maybe not, but we also look at what we have done, what works and what we can do more of.  Often, the first steps in overcoming distance, prejudice, or tension are achieved by building familiarity and understanding. We do that by engaging more—in our work, in our education, and in our home—with that which is different from us.The World Council of Credit Unions continues to build lasting bonds across borders and across cultures. One of the ways we build a more diverse and inclusive culture is by building bonds through exchanges and shared experience: ‘una viventem’—living and working together.The World Council has been involved in international inclusive initiatives since its founding in 1971. Its project work has provided technical assistance and training for credit unions in more than 90 countries. Credit unions and credit union systems today exist in 118 countries, many of them begun by the World Council.Inclusion of DiasporaIn 1971, the Texas Credit Union League was the first U.S. league to support a World Council program in Mexico—which strived to build a credit union system there and make it self-sustaining. During the first two decades of this century, both the Texas and California leagues partnered with the World Council again to take the Mexican credit union system to a new level, and to bring back to U.S. credit unions advice and support on how to better attract and serve the growing Hispanic market.After Hurricane Maria hit Puerto Rico in 2017, Massachusetts’ credit unions partnered with World Council and Inclusiv to support Puerto Rican credit unions recovering from the hurricane and again to bring home advice on how best to serve the Puerto Rican diaspora in their mainland home communities. Helping Credit Unions Reach the UnderservedDuring the 1990s, the World Council developed its model credit union building approach, which emphasized sound institutional framework and savings-driven growth. The program accelerated credit union growth and outreach in Latin America and went on to be used to establish and strengthen credit unions in Africa, Asia and Europe. The first and second decade of the millennium saw a constant exchange of volunteers, trainees and best practices across oceans, from Latin America and the US to Africa. The model credit union program was about building resilience in credit unions. And once again in the post COVID-19 world, we find African and European credit unions dusting off their MCUB guidelines to weather the crisis.International programs have always been about taking service to the underserved. On the foundation of sound financial management and policies, credit unions have been able to address those left out or injured by prejudice or racism around the world. At the end of apartheid, African American volunteers from Louisiana worked with credit unions in South Africa to extend services into the townships. Credit unions in Maine trained credit unions from Rwanda as they reestablished services to Tutsis and began mending Rwandan society back together. Credit unions in California adapted methodologies developed for Mexican credit unions to provide services to agricultural field laborers. Today, Minnesota credit unions support the World Council in establishing credit union services for immigrants in Turks and Caicos, while Peruvian and Ecuadorian credit unions work with the World Council to extend services to refugees fleeing from Venezuela. Engagement programs have mobilized volunteers to help credit unions serve those at the bottom of the pyramid: youths with no future in Guatemala, immigrants in Colombia, orphans in Kenya, and abused girls in Kurdistan.Today’s mobile technology allows credit unions to take services more deeply into remote areas to the poorest, to the most marginalized indigenous populations, to women and to young people where they live and work. U.S. credit union volunteers who have participated in many of these programs across the globe have not only contributed to them, but have also come back with insights and commitment on how to engage the most vulnerable members in disadvantaged communities by going directly to them with services.Championing Gender EqualityIn the 1980s, the World Council noted that credit union membership fell short of reaching many women.  It worked with credit unions across the globe to develop products and delivery strategies that responded to the market and mobility challenges women faced in many cultures. Female membership reached parity with male membership, but we observed still few women in senior membership or in the boardroom.  Led by women credit union professionals, the Global Women’s Leadership Network (GWLN) was established in 2009 to tackle our industry’s gender gap by providing a peer network with professional development, coaching and networking support for women in credit unions. Today, GWLN has 120 sister societies in 27 countries around the world, dedicated to helping women take leadership positions in the credit union system.  It provides the opportunity not only to access and develop women’s leadership in the credit unions systems but, as in many countries around the world, also to empower female entrepreneurship in the communities they serve.In these tumultuous times, many of us ask: “have we done enough?” and “can we do more?” to address diversity, equity and inclusion. We invite you or your colleagues to join us virtually or in person, when safe, for volunteer engagement, or participation in GWLN or World Council Young Credit Union Professionals’ (WYCUP) events. There remains much to do to enhance DEI worldwide. Credit union people are cooperators; we work together to continue building bridges.  52SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Brian Branch Dr. Brian Branch, president and CEO of World Council of Credit Unions (WOCCU), was appointed in 2011. Dr. Branch has worked at WOCCU since 1990 and has been engaged in … Web: www.woccu.org Detailslast_img read more


Dodgers stay hot, run away from Pirates

first_img Newsroom GuidelinesNews TipsContact UsReport an Error Chris Taylor and Yasiel Puig hit home runs in front of an announced crowd of 37,314 at Dodger Stadium. Taylor went 3 for 4 with a grand slam, Joc Pederson went 3 for 5, and three other Dodgers had two hits apiece.The Dodgers have won three in a row and eight of 10. Their last four victories have been by a combined final score of 43-10. It helps that the Dodgers have played only sub-.500 teams in that time – the Phillies, Giants, Padres and Pirates have all been struck with various shades of adversity in the season’s first month.At one point right-hander Jameson Taillon was scheduled to start Monday for the Pirates. Taillon, 25, has a 3.36 earned-run average 24 starts into a promising career. But he went on the disabled list Thursday with groin discomfort; Monday the team announced that Taillon was in Pittsburgh undergoing surgery for suspected testicular cancer.That opened the door for Trevor Williams, a 25-year-old relief pitcher, to make his second career start. It did not go well.Andrew Toles and Corey Seager began the game with nearly identical at-bats. Toles chopped a ball that dribbled parallel to the first-base chalk and never veered foul, a single. Seager chopped a ball a few feet fair that Williams failed to lob to first base in time, an error. With one out, Cody Bellinger walked to load the bases. Pederson drove a single to right field and Toles scored the Dodgers’ first run.Given a tremendous opportunity, Taylor continued to stake his claim as the Dodgers’ most surprising story of 2017. He saw three pitches from Williams – all sliders, all in the strike zone. Taylor tagged the third pitch to left-center field, his third home run of the season and his second career grand slam.A solo home run by Puig later in the inning gave the Dodgers a 6-0 lead.Counting a grand slam by Bellinger on Saturday – Sunday’s game was rained out – Taylor gave the Dodgers grand slams in consecutive games for the first time since September 2004.As the marine layer settled in over the stadium, the baseball stayed in the park. But the Dodgers were getting good pitches to hit and even better bounces, so it didn’t seem to matter.The Dodgers had runners on second and third base in the third inning when Yasmani Grandal hit a ball 84 feet down the first-base line in near-slow motion. Ordinarily a routine out, the Pirates’ infield was playing so shallow that first baseman Josh Bell couldn’t get to the ball in time. It bounced a few feet in front of the bag then veered foul for a two-run double.In the fourth inning, an RBI single by Turner and an RBI double by Pederson gave the Dodgers a 10-0 lead.In the seventh inning, Kiké Hernandez hit a grounder that bounced off the third-base bag, then up and over the head of third baseman Gift Ngoepe.Hernandez entered the game as a defensive replacement for Seager in the fifth inning. Seager was not hurt, but Roberts opted to rest his star shortstop for the final five innings of the blowout.Wood’s 11 strikeouts were a season high. In five starts this season he is 2-0 with three no-decisions and a 3.33 earned-run average.center_img LOS ANGELES >> Dave Roberts did not tell Alex Wood until Sunday that he would be starting Monday’s game against the Pittsburgh Pirates.Maybe Roberts should keep Wood in suspense more often.Wood didn’t allow a hit until the fourth inning of the Dodgers’ 12-1 win. He struck out 11 batters in five shutout innings and left with a 10-0 lead.• PHOTOS: Dodgers beat Pirates 12-1 at Dodger Stadium last_img read more


Warriors’ president Bob Myers addresses D’Angelo Russell trade rumors

first_imgBob Myers on D’Angelo Russell: “We didn’t sign him with the intention of trading him” pic.twitter.com/ST9YNg6XTm— Anthony Slater (@anthonyVslater) July 15, 2019″We didn’t sign him with the intention of just trading him,” Myers told reporters. “We haven’t even seen him play in our uniform yet and a lot of people have us already trading him.”That’s not how we’re viewing it. Let’s just see what we have. Let’s see what he is. Let’s see how he fits. Part of our job in the front office and the coaching staff and organization is how does it all work.” Related News “We’re just happy that we got a young player that has a lot of upside in our opinion.”Russell became an All-Star for the first time last season and averaged career highs in points (21.1) and assists (7.0) per game. He signed a four-year, $117 million deal earlier this month. Golden State isn’t planning on moving D’Angelo Russell just yet.Warriors president Bob Myers addressed rumors Monday that the team wants to trade the 23-year-old guard in the near future. According to Myers, this is not the case at all. Russell, who was acquired in a sign-and-trade with the Nets, is expected to start in the Warriors’ backcourt alongside Stephen Curry in 2019-20. Klay Thompson will likely miss most of the year recovering from a torn ACL he suffered in Game 6 of the Finals.There is speculation that Russell will hit the trading block once Thompson is back in good shape, but Myers insists Golden State is focusing on the present.”So much of our sport is what are you doing next,” Myers said. “We’ve got to figure out what we’re doing now. And that applies to a guy like D’Angelo in that there’s speculation that we’re moving him when we haven’t even seen him play.center_img NBA free agency news: Cavaliers waive JR Smith 76ers sign Ben Simmons to max five-year extensionlast_img read more