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Forever 21 in UK launch

first_img whatsapp KCS-content whatsapp Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULLcenter_img Share Forever 21 in UK launch Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndo Wednesday 29 September 2010 10:36 pm US fashion retailer Forever 21 is opening stores in Birmingham and Dublin in November as it tries to break into the European market for the first time.The retailer will take on around 550 staff for the launch. The company, which aims to sell designer-styles at cheaper prices has its flagship store in New York’s Times Square. Don Chang, founder and chief executive said: “We are thrilled to offer the broadest selection of the latest fashion trends at a great value to the stylish European shoppers.” last_img read more

Red Tiger impact fails to halt NetEnt revenue decline in Q3

first_img24th October 2019 | By Daniel O’Boyle NetEnt has reported a marginal decline in revenue for the third quarter of the year, after favourable exchange rates and the acquisition of Red Tiger Gaming partially offset struggles in the Norwegian, Swedish and UK markets.Revenue for the three months to 30 September 2019 amounted to SEK437.4m (£35.3m/€40.8m/$45.4m), down 1.3% year-on-year, with the bulk coming from royalties from games launched via clients.This accounted for SEK424.1m of the total, down 2.7% from the prior year, with setup fees increasing 3.1% to SEK13.4m, while a further SEK6.0m came from other sources.This included SEK30.0m from Red Tiger, covering the month of September. Without Red Tiger’s contribution, revenue would have been down 7.9% year-on-year.Mobile games accounted for 65.3 percent of total game win — operator revenue from NetEnt games, form which royalties are calculated — in the period, an increase from 61% in 2018. Slot games generated 91 percent of game win, while table games accounted for 9 percent.The United Kingdom was responsible for 12% of revenue when Red Tiger was excluded, while Sweden made up 9%. Other Nordic countries were responsible for 16% of game win, with 50% came from the rest of Europe and 13% from the rest of the world.Red Tiger’s game win was more focused on the United Kingdom, which contributed 34%. Sweden contributed just 4% while other Nordics brought in 7%. The rest of Europe was responsible for 29% of game win and the rest of the world 26%.NetEnt group chief executive Therese Hillman said that poor performances in Sweden, Norway and the UK were major reasons for the lower revenue.“The primary reason for the lower revenues was attributed to continued weak developments in the Swedish market,” Hillman said. “Sweden accounted for 7 percent of the decrease, but Norway and UK also had a negative impact on revenues.”The company had previously pointed to difficulty in Sweden and other Nordic countries as reasons for financial declines in the first quarter and first half of 2019. However, Hillman added that the company did see more positive signs from US markets.“On the positive side, it’s worth highlighting the US, with continued strong growth in New Jersey and a great start in Pennsylvania during the quarter,” she added. “Revenues from these two US states could continue to grow for many years to come to potentially account for a greater share of our total revenues in the future.”Locally regulated markets contributed 47% of NetEnt game win when Red Tiger was excluded and 42% of Red Tiger game win.The group released eight slot games during the quarter, of which Butterfly Staxx 2 was the most successful.Overall operating expenses for the group reached SEK331.4m, 19.5% above Q3 2018’s figure. The company paid SEK120.4m in personnel expenses, up 3.3% year-on-year while depreciation and amortisation came to SEK84.3m, a 51.9% increase. Other operating expenses totalled SEK126.7m, a 20.4% rise from 2018.NetEnt’s operating profit sharply declined from the prior year, down 34.9% to SEK112m.In addition, finance related costs rose to SEK27.5m, leaving profit before tax to SEK84.5m, less than half of what the company reported in Q3 2018.The supplier’s net profit after tax for the period amounted to SEK76.1m, down 51% from 2018.However, the company’s overall income figure was significantly boosted by favourable currency exchange rates. Whereas in Q3 2018, NetEnt lost SEK8.1m to exchange rate differences when dealing with foreign operators, in 2019, the company gained SEK46m.NetEnt also broke down further details of its acquisition of Red Tiger. The SEK2.56bn deal saw NetEnt take on SEK1.11bn in assets, including SEK444m in customer relationships, SEK399.1m in trademarks, a SEK244.4m game portfolio and SEK112.5m in cash and bank, valuing the company’s goodwill at SEK1.44bn.“The gaming industry is undergoing a period of consolidation in which NetEnt intends to participate to secure long-term growth and profitability,” Hillman said. “The acquisition of Red Tiger is strategically important, resulting in a stronger market position and economies of scale for the combined companies. The two businesses complement one another well both in terms of geography and product offering, and the customer feedback from both companies’ customers has been very positive so far.”Hillman said the acquisition could provide SEK150m worth of synergies annually from 2021, and that the companies have already built a new version of NetEnt’s Piggy Riches game featuring Red Tiger’s daily jackpot feature, to be released in January 2020.Hillman said that going forward, a major priority will be the company’s live casino offering.“Within live casino, we continue to pursue our plan to make improvements to the product and organization,” Hillman said. “We rolled out an upgraded user interface for a better player experience as well as products such as Perfect Blackjack and Network Branded Casino to our customer network.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Tags: Online Gambling NetEnt has reported a marginal decline in revenue for the third quarter of the year, after favourable exchange rates and the acquisition of Red Tiger Gaming partially offset struggles in the Norwegian, Swedish and UK markets. Regions: Europe UK & Ireland Nordics Southern Europe Norway Sweden Malta Subscribe to the iGaming newsletter Topics: Casino & games Finance Red Tiger impact fails to halt NetEnt revenue decline in Q3 Email Addresslast_img read more

Yatsugatake Annex / Takanori Ineyama Architects

first_img “COPY” Structure: Construction: Area:  43 m² Year Completion year of this architecture project ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Yatsugatake Annex / Takanori Ineyama ArchitectsSave this projectSaveYatsugatake Annex / Takanori Ineyama ArchitectsSave this picture!© Koichi Torimura+ 25Curated by María Francisca González Share Japan “COPY” Architect In Charge:Takanori IneyamaCountry:JapanMore SpecsLess SpecsSave this picture!© Koichi TorimuraRecommended ProductsWindowsVEKAWindows – SOFTLINE 82 ADFiber Cements / CementsRieder GroupFacade Panels – concrete skinFiber Cements / CementsDuctal®Ductal® Cladding Panels (EU)Fiber Cements / CementsApavisaTiles – Nanofusion 7.0Text description provided by the architects. A small residence for clients living in Tokyo and Yamanashi two bases. The client usually lives in a detached house in the center of Tokyo but while planning the child rearing of three children, the plan started to feel a little disabled part in the life of only Tokyo.Save this picture!© Koichi TorimuraAlthough it is a large premises compared to the city center, since the area around the site is an area dotted with villas and residents’ settlements, it was requested to establish an appropriate relationship with the surrounding environment.Save this picture!© Koichi TorimuraSave this picture!SectionSave this picture!© Koichi TorimuraSpecifically, we controlled the sense of distance and the line of sight with the surrounding environment by opening and closing the surrounding trees and buildings, full roads and gardens, and closing “one wall”.Save this picture!DiagramGive new value to this site by proper placement of different personality place such as living, dining, outdoor bath, deck etc. in the environment created by “one wall”Save this picture!© Koichi TorimuraThis small residence plays a role to smoothly connect the lives at the two bases while compensating for missing items in the main building by positioning like ‘Annex’ to the city center house (main house).Save this picture!© Koichi TorimuraLiving in Tokyo and Yamanashi brings together plants and living things collected in Yamanashi’s garden, such as summer holidays and year-end and New Year holidays with “stay away” for a long time, and this “home master” and ” Relationship “has become concrete. Even small buildings can have a rich place of living by having new places. Proposal of a new lifestyle realizing “distant”. BSI, Kazuyuki Ohara, Shuichi Takahashi Projects Year:  CopyHouses, Houses Interiors•Japancenter_img Photographs Houses 2017 ArchDaily Architects: Takanori Ineyama Architects Area Area of this architecture project Yatsugatake Annex / Takanori Ineyama Architects Photographs:  Koichi Torimura ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Save this picture!© Koichi TorimuraProject gallerySee allShow lessAD Classics: Cenotaph for Newton / Etienne-Louis BoulléeArchitecture ClassicsKornerstone International Academy / hyperStiy ArchitectsSelected Projects Share M’s-A CopyAbout this officeTakanori Ineyama ArchitectsOfficeFollowProductsGlassSteel#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesInterior DesignResidential InteriorsHouse InteriorsJapanPublished on November 06, 2018Cite: “Yatsugatake Annex / Takanori Ineyama Architects” 05 Nov 2018. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogShowerhansgroheShowers – RainfinityGlass3MGlass Finish – FASARA™ GeometricPartitionsSkyfoldVertically Folding Operable Walls – Zenith® Premium SeriesMetal PanelsTECU®Copper Surface – Patina_VariationsBeams / PillarsLunawoodThermowood Frames and BearersMembranesEffisusFaçade Fire Weatherproofing Solutions in Design District Project LondonSkylightsVELUX CommercialModular Skylight Ridgelight in Office BuildingSwitchesJUNGLight Switch – LS PlusCurtain WallsRabel Aluminium SystemsSpider System – Rabel 15000 Super ThermalWindowspanoramah!®ah! Soft CloseWoodAustralian Sustainable Hardwoods (ASH)American Oak by ASHChairs / StoolsOKHADining Chair – BarnettMore products »Save想阅读文章的中文版本吗?八岳配屋 / 稻山贵则建筑设计事务所是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Grant boost to help under 16s in difficulties reach their potential

first_imgGrant boost to help under 16s in difficulties reach their potential Tagged with: Funding Youth  207 total views,  3 views today Advertisement New the7stars foundation has partnered with family law firm Coram Chambers to offer grants to challenged under 16-year-olds.the7stars foundation was established in November last year by media agency the7stars, and offers small grants to help under 16-year-olds who are facing difficulties achieve their potential.The main areas prioritised for funding are: homelessness, addiction, abuse, and child carers.Working with Coram Chambers, the foundation offers grants of between £200 and £2500 for projects that could make a discernible difference to a young person’s life, such as accommodation assistance, support with educational equipment or training, music or art courses, private therapeutic treatment or counselling, or funding for organised activities and family trips. Funds will be made out directly to the service provider for successful applications.Funding applications are invited from lawyers involved in children cases, social workers or guardians, and these applications will be presented to the trustees of the7stars foundation four times a year, at meetings in March, June, September and December. They can be sent to foundation director Alexandra Taliadoros at [email protected] said:“the7stars foundation is proud to be able to support young people suffering abuse, addiction, homelessness – or those in the role of a young carer, in this direct and impactful way, made possible through our  partnership with Coram Chambers. We urge anyone working in the social services space to please be in touch. Through working together in this manner, we hope to help those young people most in need.”  208 total views,  4 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis14 Melanie May | 6 April 2017 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis14 About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via read more

Join Cancer Support Community Pasadena on July 11 for Re-imagined Virtual Angel Gala

first_img More Cool Stuff STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Pulse PollVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Make a comment Subscribe Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Herbeauty6 Trends To Look Like An Eye-Candy And 6 To Forget AboutHerbeautyHerbeautyHerbeautyDo You Feel Like Hollywood Celebrities All Look A Bit Similar?HerbeautyHerbeautyHerbeautyJennifer Lopez And Alex Rodriguez’s Wedding DelayedHerbeautyHerbeautyHerbeautyThese Fashion Tips Are Making Tall Girls The Talk Of The TownHerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeauty Non-Profits News Join Cancer Support Community Pasadena on July 11 for Re-imagined Virtual Angel Gala STAFF REPORTS Published on Tuesday, May 12, 2020 | 4:02 pm In the midst of the COVID-19 pandemic, Cancer Support Community Pasadena (“CSCP”) has successfully gone virtual with its programs – offering online support groups and virtual educational workshops and healthy lifestyle classes to reach more women and men in the community who are facing cancer.Now, CSCP is going virtual with its fundraising, launching its first ever virtual gala on July 11, 2020. “Everyone is invited,” says Kim Ferreira, CSCP’s Events Manager. “The community’s participation in our virtual Angel Gala will allow CSCP to continue to be ‘a community of support’ for its members – so that no one faces cancer alone.”CSCP’s intrepid Gala Co-chairs (Ellen Driscoll, Sandy Kobeissi, & Bill Ukropina) and their dedicated committee have been working hard to ensure the passion, excitement, and fun will shine through in this new virtual format. And although guests won’t be gathering in person on July 11th, this event will gather the community together in spirit, celebrating 30 years of CSCP providing free support, education and hope to families facing cancer.“Our Gala honorees are Rosemari Annear, Bistro 45, City of Hope, Sharp Seating, and Charlotte Streng and the late Joel Streng. Their steadfast support and enthusiasm for this virtual format has been incredible – just another reason why this group of amazing individuals, businesses, and hospital are so deserving of recognition and celebration,” says Patricia Ostiller, CSCP’s Executive Director.Sponsors from across the region have committed their support to this virtual format and to the mission of CSCP. To show their gratitude, CSCP has included a list of all current sponsors and donors to date below. If you would like to join this prestigious list, please visit or contact Kim Ferreira, CSCP’s Events Manager at [email protected], (626) 796-1083CSCP invites the community to participate in its virtual gala: Join CSCP in thanking honorees, sponsors and donors who are supporting this virtual event, and consider becoming a sponsor or donor as well.Check CSCP’s website at for up to the minute information on when and how to participate in this virtual Gala and the days leading up to it. Incredible auction opportunities and other virtual programming and entertainment will be added to the website as they become available. Spread the word about this exciting virtual event. Join CSCP on July 11th!“Families facing cancer rely on CSCP, now more than ever. We can’t thank our honorees, sponsors and donors enough for their dedication to people in our community who are facing cancer in the midst of a pandemic,” says Ostiller.Cancer Support Community Pasadena provides free support groups, educational workshops, and healthy lifestyle classes to cancer patients and their families. For more information, go to Your email address will not be published. Required fields are marked * EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS 72 recommended0 commentsShareShareTweetSharePin it Top of the News Business News STAFF REPORT First Heatwave Expected Next Week Community News Community News Name (required)  Mail (required) (not be published)  Website last_img read more

Cooperative Banks Under SARFAESI Act : Analysis Of Constitution Bench Judgment

first_imgColumnsCooperative Banks Under SARFAESI Act : Analysis Of Constitution Bench Judgment Lakshmi Subramaniam Iyer and Aishwarya Dash16 May 2020 8:10 PMShare This – xRecently a Constitution Bench of the Hon’ble Supreme Court comprising Hon’ble Mr. Justice Arun Mishra, Hon’ble Justice Indira Banerjee, Hon’ble Mr. Justice Vineet Saran, Hon’ble Mr. Justice M.R. Shah and Hon’ble Mr. Justice Aniruddha Bose dealt with a batch of matters in Pandurang Ganpati Chaugule v. Vishwasrao PatilMurgud Sahakari Bank Limited (Civil Appeal No. 5674 of 2009,…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginRecently a Constitution Bench of the Hon’ble Supreme Court comprising Hon’ble Mr. Justice Arun Mishra, Hon’ble Justice Indira Banerjee, Hon’ble Mr. Justice Vineet Saran, Hon’ble Mr. Justice M.R. Shah and Hon’ble Mr. Justice Aniruddha Bose dealt with a batch of matters in Pandurang Ganpati Chaugule v. Vishwasrao PatilMurgud Sahakari Bank Limited (Civil Appeal No. 5674 of 2009, decided on05.05.2020) decided the following issues:Whether ‘co­operative banks’, which are co­operative societies also, are governed by Entry 45 of List I or by Entry 32 of List II of the Seventh Schedule of the Constitution of India, and to what extent?Whether ‘banking company’ as defined in Section 5(c) of the Banking Regulation Act, 1949 (BR Act, 1949) covers co­operative banks registered under the State Co­operative Laws and also multi­-state co­operative societiesWhether co­operative banks both at the State level and multi-state level are ‘banks’ for applicability of the SARFAESI Act? Whether provisions of Section 2(c) (iva) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) on account of inclusion of multi­- state co­operative banks and notification dated 28.1.2003 notifying cooperative banks in the State are ultra vires?The aforesaid questions of law emanate from the various writ petitions that were filed questioning the vires of the notification dated 28.1.2003 (Notification No. 105(E)) issued under Section 2(1)(c)(v) of the SARFAESI Act and the insertion of Section 2(1)(c)(iva) to the SARFAESI Act in 2013. By the said notification issued in 2003, the co­operative banks were brought within the class of banks entitled to seek recourse to the provisions of the SARFAESI Act. Section 2(1) (c)(iva) was inserted into the SARFAESI Act, w.e.f. 15.1.2013 thereby expressing including a ” multi-state co-operative bank” within the definition of “bank” under SARFAESI. Before that, the co­operative bank and the multi­-State co­operative bank took recourse to the SARFAESI Act under the notification issued in 2003.The matter was referred to the Constitution Bench in view of conflicting decisions in Greater Bombay Coop. Bank Ltd. v. United Yarn Tex (P) Ltd[2], Delhi Cloth & General Mills Co. Ltd. v. Union of India and Ors[3], T. Velayudhan Achari and Anr. v. Union of India[4] and Ors., and Union of India and Anr. v. Delhi High Court Bar Association and Ors[5].The Constitution Bench has answered the question in reference as under:-The co­operative banks registered under the State legislation and multi­ State level co­operative societies registered under the Multi State Co-operative Societies Act, 2002 (MSCS Act) w.r.t. ‘banking’ are governed by the legislation relatable to Entry 45 of List I of the VII Schedule of the Constitution of India (Union List). The co­operative banks run by the co­operative societies registered under the State legislation w.r.t. the aspects of ‘incorporation, regulation and winding up’, in particular, with respect to the matters which are outside the purview of Entry 45 of List I, are governed by the said legislation relatable to Entry 32 of List II (State List) The co­operative banks involved in the activities related to banking are covered within the meaning of ‘Banking Company’ defined under Section 5(c) read with Section 56(a) of the Banking Regulation Act, 1949, which is a legislation relatable to Entry 45 of List I. The co­operative banks cannot carry on any activity without compliance of the provisions of the Banking Regulation Act, 1949 and any other legislation applicable to such banks relatable to ‘Banking’ in Entry 45 of List I and the RBI Act relatable to Entry 38 of List I. The co­operative banks under the State legislation and multi-state co­operative banks are ‘banks’ under section 2(1)(c) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The recovery is an essential part of banking; as such, the recovery procedure prescribed under Section 13 of the SARFAESI Act, a legislation relatable to Entry 45 List I, is applicable.The Parliament has legislative competence under Entry 45 of List I to provide additional procedures for recovery under section 13 of the SARFAESI Act with respect to co­-operative banks. The insertion of multi­-state co­operative bank in the definition of bank in Section 2(1)(c) of the SARFAESI Act by Act 1 of 2013 is “ex abundanti cautela”. The notification dated 28.01.2003 and the amendment are not ultra vires the Constitution.The arguments advanced by the parties, the discussion on each reference question and the conclusion arrived at by the Constitution Bench are summarised in the paragraphs below. Arguments on behalf of the Appellants The Appellants argued that the Notification No. 105(E) dated 28.01.2003 and the amendment brought to the definition of Bank contained in Section 2(1)(c) of the SARFAESI Act are ultravires the Constitution as the Parliament lacks legislative competence to regulate financial assets related to co-operative society. The broad arguments of the Appellants are summarised hereunder:-Meaning of the Expression Banking in Entry 45 of List- I The meaning of the term “Banking” in Entry 45 of List I must be confined to the definition of banking contained in Section 5(b) of the Banking Companies Act, 1949[6] (renamed BR Act). That although BR Act, in addition to core banking activity recognises other business that can be carried by a bank, the expression “banking” in Entry 45 of List- I is restricted to “core- banking”. It was submitted that a distinction must be drawn between an “entity” and “activity”. Mere performance of additional business does not confer any status of banking company upon such an entity. Loan advanced to members by a co-operative society is another form of business that is not a banking business.Business of securitisation is not a banking business The object of SARFAESI Act is to regulate securitisation and reconstruction of financial assets and enforcement of security interests. The business of securitisation is not a banking business.Lack of Legislative Competence Parliament lacks the legislative competence to regulate financial assets related to the non­banking activity of a co­operative society. The power of Parliament to regulate co-operative banks is confined to specific provisions of the BR Act (legislation referable to Entry 45 of List- I) and RBI Act(Entry 38 of List I). That co-operative societies are expressly excluded from Entry 43 of List I which confers power upon the Parliament to legislate with respect to “incorporation, regulation and winding up” of a trading corporation. The power to enact legislations with respect to “incorporation, regulation and winding up” of a multi-state co-operative society is traceable to Entry 44 of List- I and of a state co-operative society to Entry 32 of List- II. That the banking business carried on by co-operative societies are merely an incidental/ancillary activity and that the doctrine of pith and substance must be applied to hold that regulation of such activities is not a subject matter on which Parliament can legislate.Definition of bank under SARFEASI The term bank is defined under Section 2(1)(c) of the SARFAESI ACT. 2(1)(c)(v) empowers the Central Government to add any other bank in the definition, by a notification. It was argued by the Appellant that the bank which the Central Government may add by the notification has to be confined to the entity of the kind referred under Clauses (i) to (iv) and not beyond that, i.e., a banking company or a banking corporation only and not co­operative societies/banks. Arguments on behalf of the Respondent The Respondents argued that the Notification and amendment to the SARFAESI Act are well within the legislative competence of the Parliament and that the SARFAESI Act is traceable to Entry 45 of List I. The arguments advanced are summarised hereinbelow:-Definition of Bank under SARFAESI Act Reliance was placed on the doctrine of ‘incorporation by reference’ to submit that Section 2(1)(c) of the SARFAESI Act which defines bank includes within its ambit co-operative banks. It was argued that Section 2(1)(c) and (d) of the SARFAESI Act defines ‘bank’ to mean ‘banking company’ as defined in Section 5(c) of the BR Act to read cooperative bank as banking company. Thus, the definition of ‘bank’ contained in Section 5(c) of the BR Act, 1949 stands incorporated in Section 2(1)(c) of the SARFAESI Act. Section 5(c) of the BR Act defines bank. The BR Act was amended by the Act 23 of 1965 w.e.f. 01.03.1966. By the said amendment, Section 56 was inserted in the BR Act. As per Section 56(a) of the BR Act, the reference to a ‘banking company’ or a ‘company’ shall be construed as a reference to a co¬-operative bank. The impact of this is that the definition of bank contained in Section 5(c) includes co-operative bank (both State level and multi-state). A combined reading of all the sections makes it clear that the reference to ‘a banking company’ and ‘bank’ under SARFAESI Act shall include a reference to a co-operative banks. As a consequence of the aforementioned argument, it was submitted that even the unamended term “bank” in Section 2(1)(c) of the SARFAESI Act included co-operative bank. Thus, the insertion of a ‘multi¬- State co-operative bank’ in Section 2(1) (c)(iva) is ex majori cautela. Terms such as corporation and company will take within its compass a registered co-operative society[7]The Parliament has legislative competence to enact legislations regulating banking business. A distinction was drawn between regulating the non­-banking affairs of a co-operative society and regulating the banking business of society. It was submitted that any legislation dealing with different aspects of banking, including ancillary or subsidiary matter relating to it, will be traceable to Entry 45 of List I and the Parliament alone will be competent to legislate on those aspects. That the expression “incorporation, regulation and winding up” in Entry 44 of List I and Entry 32 of List- II refers only to organisational aspects of the corporation. It does not have bearing on business or transaction and hence, any legislation dealing with regulation of banking business shall not be traceable to Entry 44 of List I and shall not touch upon Entry 32 of List- II. It was argued that Banking operations would inter alia include accepting of loans and deposits, the grant of loans and recovery of debts due to the bank.The SARFAESI Act relates to the business of banking SARFAESI Act does not deal with “incorporation, regulation and winding up” of a corporation, company and co-operative society. It provides for the recovery of dues of banks, the procedure for recovery, the authority competent to recover the loan, and the judicial forum to deal with disputes arising out of recovery and thus is traceable to Entry 45 of List I and not Entry 32 of List- II.Discussion by the Constitution Bench Reference Question No. 1 The Constitution Bench holds that the concept of regulating non­-banking affairs of society and regulating the banking business of society are two different aspects and are covered under different Entries, i.e., Entry 32 of List II and Entry 45 of List I, respectively. That by enacting the SARFAESI Act, Parliament does not intend to regulate the incorporation, regulation, or winding up of a corporation, company, or co­operative bank/co­ operative society. The enactment provides for recovery of dues to banks, including co­operative banks, which is an essential part of banking activity. The Act in no way trenches upon the field reserved under Entry 32 of List II and is a piece of legislation traceable to Entry 45 of List I. The Constitution Bench while dealing with the first issue has taken note of the following:-Statutory Matrix The Constitution Bench has observed that initially the provisions of the Banking Companies Act, 1949 (renamed as Banking Regulation Act, 1949) applied only to Banking Companies and it was extended to the Co-operative banks by the Act No. 23 of 1965 w.e.f. 1.3.1966 as the Parliament felt that the deposits and working funds of co-operative banks have become large and the same must be regulated. That extensive amendments were carried out in the BR Act in order to ensure that extension of the Act to co-operative banks does not in any manner impinge upon the legislative competence of State legislature to make laws with respect to “incorporation, management and winding up” of co-operative banks, which is traceable to Entry 32 of List II. The amendments made which applied to or were about co-operative banks were specified in Section 56. Section 56(a) provides that throughout the Act, unless the context otherwise requires, references to banking company or the company or such company shall be construed as reference to co-operative bank. The Bench notes that the very existence of the co-operative bank is dependent upon and is governed by the BR Act and the RBI Act as no business can be done by a co-operative bank without obtaining license from the RBI. The legislative competence of Parliament in enacting the RBI Act is traceable to Entry 38 of List- I and Entry 45 of list- I in case of BR Act. The Constitution Bench also takes note of that the purpose for which the SARFAESI Act was enacted and the notification and amendment in question.The meaning of the term Banking used in Entry 45 of List- I The term “bank” ordinarily means a financial establishment that uses money deposited by customers for investment, pays it out when required, makes loan at interest and exchanges currency. Business of banking not restricted to core banking The Constitution Bench relies on the judgment in Rustom Cavasjee Cooper v. Union of India[8] wherein the term “banking” used in Entry 45 of List- I came up for consideration by a bench comprising of 11 Hon’ble Judges. The argument that the word “banking” is confined only to core of banking as defined in Section 5(b) of the BR Act, 1949 was rejected. It was observed that wide meaning must be given to the term so as to include all legitimate businesses of a banking company referred to in Section 5(b) as well as in Section 6(1) of the 1949 Act. It was also observed that the term has never had any static meaning and the only meaning will be the common understanding of men and the established practice in relation to banking. The decision of the Calcutta High Court in Mahaluxmi Bank Ltd. and of the Apex Court in ICICI Bank Limited were also examined. The respective Courts had drawn a distinction between the core banking activities and the activities that are ancillary to core banking. The Courts observed that Section 5(1)(b) of the BR Act deals with core banking whereas Section 6(1) deals with activities which a bank can carry out in addition to core banking. That performance of core banking business is a sine qua non for a company to be a banking company. Restrictive meaning cannot be given to the term “banking” The argument of the Appellants that the ambit of the term banking must be limited to the definition of “banking” in the BR Act, 1949 which prevailed when the Constitution was drafted, was rejected. The Constitution Bench relied on the decision in R.C. Cooper case to hold that the decision leaves no room for doubt that the co-operative bank is covered within the ambit of Entry 45 of List- I. In relation to the argument on distinction between entity and activity, the Court observed that there cannot be any form of activity/business of banking without there being an entity. The Constitution Bench concluded that a combined reading of Section 5(b) and 5(c) and Section 56(a)of the BR Act leads to the conclusion that co­operative bank falls within the definition of bank and its activity is of banking, and in addition to the business of banking, a co­operative bank may engage in any of the business as enumerated in Section 6.Effect of Entries 43 and 45 of List- I and Entry 32 of List- II of the VII Schedule of the Constitution The Constitution Bench dealt with in detail the legislative competence of Parliament and State legislature under the VII Schedule of the Constitution, the well-established principle of primacy of federal law[9] and also dealt with cases where the subject- matter of legislation trenched upon and entered a field covered by more than one list of the VII Schedule. Law regulating corporation is different from law regulating the business of corporation The Constitution Bench relied upon the decision in Kerala State Electricity Board v. M/s. Midland Rubber & Produce Co. Ltd. [10] which inturn relies on R.C. Cooper wherein it was held that a law regulating a corporation is different from a law regulating the business of a Corporation. That Constitution Bench concluded that Entry 43 of List- I and Entry 32 of List – II deal with “incorporation, regulation and winding up” of corporation but does not extend to law regulating business of the corporation. In contrast, Entry 45 of List- I deals with the activity carried on by the society i.e. banking. The argument raised by the Respondents that SARFAESI Act is traceable to Entry 6 of List III was rejected. Recovery of dues is an essential function of any banking institution and Parliament can enact law regarding the same The Appellants argument that a dispute relating to recovery of any debt due to the co-operative society doing banking business shall be deemed to be a dispute touching the constitution, management, or business of a co-operative society and that Parliament lacks legislative competence to make laws regarding the same, was rejected. Reliance was placed on the decision in Delhi High Court Bar Association case, wherein, in the context of RDB Act, it was categorically held that the Parliament can enact a law regarding the conduct of the banking business, which includes recovery of banks’ dues, and for that purpose, set up the adjudicatory body. SARFAESI Act is traceable to Entry 45 of List- I Reliance was been placed by the Constitution Bench on the judgment in UCO Bank and Anr. v. Dipak Debbarma and Ors.[11] and also State Bank of India v. Santosh Gupta and Anr.[12] wherein the Apex Court has observed that SARFAESI Act is traceable to Entry 45 of the Union List. Doctrine of Pith and Substance and Dominant Nature Test The Bench affirmed that the doctrine of pith and substance finds its origin from the principle that it is necessary to examine the true nature and character of the legislation to know whether it falls in a forbidden sphere.[13] It concluded that since banking in pith and substance is covered under Entry 45 of List I, incidental trenching upon the field reserved for State under Entry 32 List II cannot invalidate a legislation. SARFAESI Act provides additional remedy to co-operative banks Additionally it was held that although there already exists legislation covering the procedure for recovery of dues by co-operative banks, the same shall not come in the way of providing additional remedy for speedy recovery of dues by way of a separate enactment merely because such enactment would incidentally encroach upon the filed reserved for State to legislate under Entry 32 of List- II. Reliance placed on Greater Bombay case and Virendra Pal Singh case is misplaced The Constitution Bench in the later part of the judgment has discussed the decision in Greater Bombay case and has held that the three judge bench in the said case had wrongly relied upon judgments[14] where the scope of adjudication were confined to the management aspect of the co-operative bank, which indisputably is traceable to Entry 32 of List- II. Similarly, reliance placed on Virendra Pal Singh and Ors. v. District Assistant Registrar, Cooperative Societies, Etah, and Anr.[15] was also misplaced as the Court was concerned with the management and regulation of co-operative societies (service regulations) and not the aspect of banking business of the co-operative society.Effect of Constitutional Provision The Constitution Bench has relied on Article 43B- Promotion of co-operative societies, Article 243ZI- incorporation, regulation and winding up of co-operative societies, 243ZL- suspension and suspension of board and interim management to hold that the constitutional provisions itself make a distinction between a co-operative bank and other co-operative societies. The third proviso to 243ZL(1) clarifies that in case of co-operative society carrying on baking, the provisions of the BR Act shall also apply besides the State Act. The Constitution Bench concludes by holding that the concept of regulating non­-banking affairs of society and regulating the banking business of society are two different aspects and are covered under different Entries, i.e., Entry 32 of List II and Entry 45 of List I, respectively. Reference Question No. 2 The Constitution Bench has held that ‘banking company’ as defined in Section 5(c) of the BR Act, 1949 covers co-operative banks registered under the State Co-operative Laws and also multi-state co-operative societies. Incorporation by Reference The Constitution Bench has considered the definition of ‘banking company’ under Section 2(d) of the SARFAESI Act according to which, the term shall have the meaning assigned to it in Section 5(c) of the BR Act, 1949. That Section 5 (c) of the BR Act defines ‘banking company’ to mean any company which transacts the business of banking. That the BR Act was amended by Act No.23 of 1965, w.e.f. 1.3.1966. By the said amendment, Section 56 (a) was introduced, which provides that a reference to a ‘banking company’ or ‘the company’ or ‘such company’ in the BR Act shall be construed as references to a co­ operative bank. Thus, co-operative bank has to be read as part and parcel of the definition of banking company under Section 5(c) of the BR Act and the same stands incorporated in the definition of banking company under Section 2(d) of the SARFAESI Act. The Constitution Bench observes that not amending Section 5(c) of the BR Act and introducing co-operative bank within BR Act by adding Section 56 does not alter the position as regards the definition of banking company is concerned. The rationale behind introduction of a separate Part in the BR Act instead of amending the definition of banking company The Constitution Bench has also examined why the legislature chose to introduce Part V in the BR Act instead of amending the definition of banking company contained in Section 5(c) of the BR Act. The Court observed that the BR Act dealt with ‘incorporation, regulation and winding up’ of other entities relatable to List I, as such the provisions were required to be retained. However, all such provisions could not have been extended to co-operative banks as the “incorporation, regulation and winding up” of co-operative societies is a subject matter under Entry 32 of List II and thus beyond the legislative competence of the Parliament. The Court notes that the Parliament was conscious of its limitation and therefore various provisions of the BR Act were modified or omitted in their application to co-operative banks. Judgment in Greater Bombay does not consider the provisions of the BR Act particularly those contained in Section 56 The Constitution Bench came to the conclusion that the Court in Greater Bombay has simply noted the provisions of the BR Act, 1949 and that there was no in-depth consideration of these provisions particularly of those contained in Section 56 of the BR Act. The Constitution Bench disagreed with the view taken in Greater Bombay and held that it is wrong to hold that banking is only an incidental business of co-operative banks. Co-operative Banks cannot be kept outside the purview of legislations traceable to Entry 45 of List- I It was observed that the extensive amendments made in Part V of the BR Act, 1949, must be given full effect. A co­operative bank cannot be kept outside the purview of the BR Act, 1949, and other legislation under Entry 45 of List- I and RBI Act as co-operative societies cannot engage in the business of banking without complying with the provisions of these legislations. Reference Question No. 3(a) and 3(b) The Constitution Bench holds that since the activity of a co­operative bank being banking activity is regulated by the legislation enacted under Entry 45 of List- I, there is no reason why Parliament lacked the competence to enact the SARFAESI Act and to provide a procedure for the speedy recovery of dues. That the exclusion of the co­operative societies from Entry 43 of List I, does not have any bearing regarding the interpretation of Entry 45 of List I. Even unamended definition of bank in the SARFAESI Act included “co-operative bank” The Constitution Bench held that even assuming that definition of ‘bank’ in Section 5(c) of the BR Act, 1949 did not cover the co­operative banks; the expression ‘bank’ as defined in Section 2(1)(c) of SARFAESI Act authorises the Central Government to specify ‘such other bank’ for that Act. Thus, the notification issued on 28.1.2003 notifying ‘co­ operative bank’ as the ‘bank’ is covered by Entry 45 of List I and within the legislative competence of Parliament. Banking activity carried out by Co-operative societies cannot be said to be over-inclusion The Constitution Bench holds that ‘banking’ relating to co­operatives can be included within the purview of Entry 45 of List I, and it cannot be said to be over inclusion[16] to cover provisions of recovery by co­operative banks in the SARFAESI Act. Notification was issued ex abundanti cautela The Court concluded that the notification was issued ex abundanti cautela and that by virtue of Section 56(a), co­operative banks stand included in the definition contained in 5(1)(c) of the BR Act and also Section 2(1)(c) of the SARFAESI Act.Conclusion The Constitution Bench concludes that the notification and the amendments do not amount to colourable exercise of power and are not beyond the legislative competence of the Parliament. That Section 2(c)(iv)(a) of the SARFAESI Act and the notification dated 28.2.2003 are not ultra vires and that they are within the ken of Entry 45 List I of the Seventh Schedule to the Constitution of India. *** [1] Author- Lakshmi Subramaniam Iyer and Aishwarya Dash, Advocates practicing at Supreme Court of India. [2] (2007) 6 SCC 236 [3](1983) 4 SCC 166 [4] (1993) 2 SCC 582 [5] 2002) 4 SCC 275 [6] The State of Madras v. Gannon Dunkerley & Co., (Madras) Ltd, AIR 1958 SC 560 [7] Daman Singh and Ors. v. State of Punjab and Ors, (1985) 2 SCC 670 and The Majoor Sahakari Bank Ltd. v. N.N. Majmudar and Anr, AIR 1957 Bom 36. [8] (1970) 1 SCC 248 [9] Delhi Cloth & General Mills Co. Ltd. v. Union of India and Ors, (1983) 4 SCC 166 ; I.T.C. Ltd. v. Agriculture Produce Market Committee and Ors, (2002) 9 SCC 232; Belsund Sugar Co. Ltd. v. State of Bihar, 1999) 9 SCC 620; Calcutta Gas Company (Proprietary) Ltd. v. State of West Bengal and Ors., AIR 1962 SC 1044; Central Bank of India v. State of Kerala and Ors, (2009) 4 SCC 94 [10] (1976) 1 SCC 466 [11] (2017) 2 SCC 585 [12] (2017) 2 SCC 538 [13] Girnar Traders v. State of Maharashtra and Ors., (2011) 3 SCC 1 [14] Sant Sadhu Singh v. State of Punjab, AIR 1970 P&H 528 and Nagpur District Central Cooperative Bank Ltd. v. Divisional Joint Registrar, Cooperative Societies, AIR 1971 Bom 365 [15] (1980) 4 SCC 109 [16] State of Gujarat and Anr. v. Shri Ambica Mills Ltd., Ahmedabad, and Anr, (1974) 4 SCC 656 Next Storylast_img read more

Black police officers on their experience during protests

first_imgMichael Ciaglo/Getty ImagesBY: LIONEL MOISE AND LEIGHTON SCHNEIDER, ABC NEWS(DENVER) — For the past few weeks Sergeant Carla Havard of the Denver Police Department has been on the frontlines of protests and demonstrations, but her experience differs from the white officers she works with.“When I take off this uniform, I am Sandra Bland. When I take off this uniform, I am Breonna Taylor,” said Sergeant Havard, who spoke with ABC News’ Lionel Moise on ABC News’ “Perspective” Podcast. Badge aside as a black woman, she stands in solidarity with the demonstrators.“The same issues that they’re fighting [for], we’re along those same lines. The devaluing of black lives, the abuse of power, systemic racism. We’re still having to march. We’re still having to encourage someone to open up their eyes to see the black perspective or things from the black lense. When I’m out there, I’m like, ‘wow, we’re still having to do this in 2020,’ and that’s a shame and that’s disappointing,” said Sergeant Havard.She says it is a difficult position to be in with calls nationwide to defund the police or abolish departments altogether.  “There’s two ways that you can fix something. You can fix it from the outside and then you can choose to fix it from the inside, like myself and hundreds of other minority officers have decided to do. This system of policing, this policing machine, wasn’t designed for us. We have to be honest about that,” said Sergeant Havard.After the deaths of George Floyd, Breonna Taylor and so many others, concern about systemic racism in law enforcement have come to the forefront. “Race is inextricably linked to the American policing system. We have to look at, and I have to look, at the history of policing and the role that it’s played, particularly in our African-American communities,” said Chief Medaria Arradondo of the Minneapolis Police Department.  Arradondo has been outspoken over the years about injustices within his department. In 2007, he and four other black officers successfully sued the department for discrimination in pay, promotions, and discipline.He recently announced changes, including using artificial intelligence and real-time data to monitor officer behavior. Ridge Graham, a detective with Miami Police, told the “Perspective” Podcast ending racism in law enforcement begins with calling out fellow officers. “I think a lot of officer’s patience has run out. We’ve got to hold each other accountable. Whether that’s going to cost me my job, whether that’s going to cost me losing a couple of friends, or colleagues within the department, then so be it,” said Graham. Alonzo Hall, an officer in Broward County, Florida, says community outreach needs to be a core part of the reform, not just for optics“I feel like we’re fighting two battles. If we’re growing up in our communities and we want to make a change, we think we should do it from the inside. You think you become a police officer, [if] you want to make a change. You want to do all these things, but then you get a bad perception from your own community. It’s like you get a backlash. You get called Uncle Tom, you get called a sellout,” Hall told the “Perspective” podcast. In Denver, Sergeant Havard says her voice inside the department matters now more than ever, and change starts with the courage to speak up.  “I can tell you that those things will not happen in front of me and we need more people saying that, not only just minority officers. We need more officers period saying that. We’re talking about changing a culture that has allowed the devaluing of black lives to occur,” said Sergeant Havard.Even after the protests in Denver, and across the country end, Havard says the difficult work begins when law enforcement and the community must come together to demand change.  “I want to challenge everyone to look within and return to a sense of humanity for all and for everyone. Black Lives Matter, they should have been mattering a long time ago. They should have mattered a long time ago. Let’s just make sure it’s not a tag line. Let’s look at every aspect, because that video, what happened in Minnesota is a nationwide problem.  And that is the callous disregard and devaluing of the black life,” said Sergeant Havard.Copyright © 2020, ABC Audio. All rights reserved.last_img read more

e-agony aunt Our expert answers your e-business problemse-agony aunt: our expert answers your e-business problems

first_img Comments are closed. Previous Article Next Article e-agony aunt Our expert answers your e-business problemse-agony aunt: our expert answers your e-business problemsOn 14 Nov 2000 in Personnel Today In the first of an occasional series on all aspects of e-business, Marie Fimrite, director of the City office of international career management consultancy Drake Beam Morin, provides the answersQ I have been offered a position as human capital director for a new dotcom company. While I’ll have more responsibility, it can’t pay me what I currently make but is offering me stock options. How do I know what the options are worth?A Valuing options can be daunting and might involve a lot of guesswork, especially if the company’s stock isn’t publicly traded. There are three main ways to exercise options: Pay cash for your shares,Swap employer stock you already own for new shares,Borrow money from a stockbroker while at the same time selling enough shares to cover your costs.Of course, you can’t know for sure how much a stock will be trading for a year from now, but you can take a stab at it by reviewing the stock’s history by getting reports from securities analysts who make stock price projections. The chances of hitting the options jackpot will be a lot higher if you join an early stage company that later takes off.Unfortunately, start-ups are at the greatest risk of failing, too. Besides determining what your options are worth, make sure you understand the key terms of the programme, including the vesting period and expiration dates. That determines how long you have to wait before you can exercise your options, and how long you’ll have to use them. The shorter the vesting period, the better. Options typically vest in two to three years, so it is to your advantage that the options vest immediately if your company gets acquired. Ask if the programme has such a clause. And don’t forget to ask about the tax consequences of exercising your options, which can be tricky. Q I work for a well-established b2b site. Unfortunately, one of our key backers has had to withdraw a finance offer and, in the current climate, we’re struggling to raise additional working capital. We’re over-resourced and need to make cost savings. The managing director has asked me to help single out staff for redundancy. I’ve hired plenty of people in my career but never fired anyone. Where do I start?A Check the legal position – speak to the company solicitor and find out what the correct legal procedure is. For instance, how long is the notification period? Under the 1996 ER Act, an employer must give at least one week’s notice after one month of employment, two weeks after two months and so on, up to 12 weeks. You can ask someone to leave immediately, but you must pay them for the notification period, plus vacation, benefits and sick time. Figure out what it is going to cost you in separation expenses and then determine how many people you need to let go. Decide what criteria you are going to use to determine who goes. It may be performance-based, skills-based, length of employment or a combination. Whatever you decide to use, make sure that you have solid proof that the employee affected does fall into that category. Be careful that you don’t randomly just select people on the basis of whether you like them or not – this will get you into a heap of trouble! Call a meeting to announce business reason for the downsizing, state the selection criteria for redundancy and give a clear time line for when this will take place. Q We receive hundreds of job applications each week and are wasting a huge amount of time sifting the few good ones from the many bad. I’ve heard that there are scanners which will read CVs, but are they effective?A What you have noticed is indeed a growing trend. More and more companies are taking advantage of the latest technology to store CVs received from jobseekers and later scan them into to “match” open position specifications.Those automated CV management systems search for key words describing education, experience, skills and accomplishments.Once a job profile has been defined, you’ll need to compile a key word list to reflect the skills, knowledge, work experience and interpersonal skills that support the profile. The computer then scans the database and records the number of “hits”. The more hits in a candidate’s CV, the greater the odds that you will want to interview them.But, as you’d expect, scanners aren’t as versatile as humans. They won’t read between the lines and they can’t, for example, read staples! They’re not that good with coloured paper, unusual fonts and font sizes or text that has been underlined or shaded. Related posts:No related photos.last_img read more

USS George Washington’s IM 2 Maintains CVW Aircraft

first_img View post tag: CVW View post tag: Naval USS George Washington’s IM 2 Maintains CVW Aircraft Aircraft Intermediate Maintenance Department 2nd Division (IM 2) aboard the U.S. Navy’s forward-deployed aircraft carrier USS George Washington (CVN 73) helps keep Carrier Air Wing (CVW) 5 mission ready. View post tag: Aircraft Back to overview,Home naval-today USS George Washington’s IM 2 Maintains CVW Aircraft IM 2 division disassembles, repairs, rebuilds and tests specialized jet engines used by CVW aircraft.“We’re basically the ships engine repair shop,” said Aviation Machinist’s Mate Airman Jacob Lichty, from Waterloo, Iowa. “Our job is to ensure every jet engine we receive is perfectly ready to go in every way possible.”According to Lichty, CVW 5 Super Hornet aircraft use two F414 jet engines and each engine is capable of producing more than 21,000 pounds of thrust.“We used to use the F404, but this newer iteration is much more powerful, lighter, and generally much more efficient,” said Lichty.The engines are split into several component parts called modules. Each module is dedicated to a particular part of the engine’s function. For example, the afterburner is a module that delivers more fuel into the engine, which boosts the aircraft’s thrust by more than 50 percent.“These engines have six different modules,” said Aviation Machinist’s Mate Airman Corbin Riley, from Akron, Ohio. “We rarely ever have to fix an entire engine; we replace particular modules or install newer ones as necessary.”According to Riley, the IM2 shop has a ‘time to repair or replenish’ schedule that allows each job to typically take less than 32-working hours.The amount of work they perform depends on how much the air wing is flying. Engines only need to be serviced once they reach a state called ‘high time’.“High time is defined as more than 3,000 total hours of use,” said Aviation Machinist’s Mate 3rd Class Dustin Ligtenburg, from Amboy, Illinois. “To give an example of how long that is, I’ve worked here for two years and I have never seen the same engine twice.”Jet engines themselves are incredibly sturdy but remain delicate. A single foreign object getting inside an engine can damage or ruin it.“Although we have enough space and personnel to work on two engines at once,” said Ligtenburg. “We prefer to only work on one at a time to keep us from mixing up parts or paperwork. Foreign object damage is something we focus to avoid.”IM2 jet shop performs intermediate level maintenance on jet engines. Deeper level repairs require them to send engines to shore facilities that are better equipped to work on module assemblies.“We basically act as the quick repair shop for the jets,” said Ligtenburg. “However, we can only do so much with the equipment we have; We work with what we have to maintain these engines.”George Washington and CVW 5 provide a combat-ready force that protects and defends the collective maritime interest of the U.S. and its allies and partners in the Indo-Asia-Pacific region.[mappress]Press Release, June 13, 2014; Image: Flickr View post tag: USS George Washington Authoritiescenter_img June 13, 2014 View post tag: Navy View post tag: Maintains View post tag: americas View post tag: News by topic View post tag: IM 2 Share this articlelast_img read more

Adjunct Faculty – Prev Oral Health Svcs

first_imgA Master’s Degree in an appropriate discipline is required. Must bea registered dental hygienist in the state of New Jersey. Communitycollege and/or postsecondary teaching experience ispreferred.Supplemental Information Minimum Qualifications Please attach a resume and cover letter indicating reference, copyof dental hygiene license, and a copy of your transcripts. Alsoindicate the days you are available.Michelle Roman, Chairperson, Dental Hygiene732-906-2536last_img