NCUA headquarters A report by the NCUA inspector general detailed disturbing actions by senior management, including the use of cannabis and trips to a strip club while on the clock.CUNA President/CEO Jim Nussle reacted saying, “With early indications of misconduct and workplace harassment detailed in the Office of the Inspector General’s report, to say we are profoundly disappointed is an understatement.“Nussle also said on Twitter: continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
“Emirates are again demonstrating their great belief in our approach and ambition and their significantly increased investment will help us continue to compete for trophies and bring more success to the club and our fans around the world.”Emirates president Sir Tim Clark said: “Arsenal’s strong appeal and influence around the globe, combined with their ambitions as a club, make them an ideal partner for Emirates, with values that reflect ours as a brand.“As a long-standing supporter of football, we are passionate about the game and are a proud partner to the team.”Emirates have held naming rights to Arsenal’s 60,000-seater stadium since the Gunners moved in during 2006, with that deal set to run until 2028.Arsenal, currently sixth in the Premier League table, eight points behind fourth-placed Chelsea, are desperate to secure Champions League football for next season after missing out this year.On Sunday they meet Premier League leaders Manchester City in the final of the League Cup at Wembley.Deloitte’s “Money League” report last month ranked Arsenal in sixth place behind the likes of Manchester United and Real Madrid but a separate study said Arsenal had greater financial muscle than any club in world football with the exception of Manchester City.Share on: WhatsApp London, United Kingdom | AFP | Arsenal announced the club’s biggest-ever sponsorship deal worth a reported £200 million on Monday, extending their shirt partnership with Dubai-based airline Emirates by five years.The Gunners confirmed the branding of Emirates, which began its sponsorship agreement with the north London club in 2006, would continue to feature on the shirts and training kit of all of their teams until the end of the 2023/2024 season.The size of the deal, quoted by the BBC as being worth more than £200 million ($280 million) reportedly puts the club level with Premier League rivals Chelsea, behind only Manchester United, who have a seven-year agreement with Chevrolet worth $559 million. “Our shirt partnership is the longest-running in the Premier League and one of the longest relationships in world sport,” said Ivan Gazidis, chief executive of Arsenal, who have not given a figure for the deal.“This mutual commitment is testimony to the strength and depth of our unique relationship.”
Police say a Florida man threw his 5-year-old into the ocean to teach the boy how to swim.John Bloodsworth was arrested Monday evening for aggravated abuse of a child, illegally jumping off the pier and disorderly intoxication.The 37-year-old father reportedly left the child alone in the water as he repeatedly dove from a Daytona Beach pier.Police say the child was crying as beachgoers ran to help and called 911.The boy showed no signs of injury and was released into the custody of his mother, according to police.Bloodsworth was released from jail after posting bond on Tuesday.No other information is available at this time.
By Bruce FuhrThe Nelson Daily SportsAnother slow start came back to haunt the Nelson Leafs Monday night in Kimberley.Rylan Duley scored a power play goal at 12:48 of the third period, snapping a 4-4 tie to spark the Dynamiters to a 5-4 Kootenay International Junior Hockey League victory in the Bavarian City.“It was a disappointing start for us,” said Leaf coach Frank Maida from the team bus Monday.“We didn’t come out strong and they took it too us.”Kimberley struck for two quick goals, the first coming in the opening minute of the game, to take a 2-0 first period lead.The teams exchanged goals in the second as the Nitros continued its two-goal advantage after 40 minutes.In the third Eric Spring and Matti Jmaeff tied the game with goals early in the third.But Duley spoiled the comeback with a man-advantage goal.“Bus legs hurt us,” Maida said, “We couldn’t get back in the game until the third period.”Corson Johnstone, Jared Marchi, Senate Patton and Richard Hubscher also scored for Kimberley, which took over top spot in the Eddie Mountain Division two points ahead of Fernie Ghostriders.James Sorrey and Dallon Stoddart also scored for Nelson. Brasden Ostepchuk got the win over Nelson’s Andrew Walton in goal.Nelson, 19-10-0-2 on the season, failed to take advantage of an extra game the Leafs had on second-place Castlegar. Nelson returns to the NDCC to face Murdoch leading Beaver Valley Nitehawks Friday at 7 p.m. in the NDCC Arena.The game is the first of three Murdoch Division games for Nelson.Saturday the team travels to Castlegar to meet the Rebels before concluding the weekend Sunday with a 1 p.m. game in Fruitvale against the Hawks.ICE CHIPS: Monday’s game in Kimberley marked the 80th anniversary of hockey in the Bavarian City. Monday’s contest focused on copying the game played exactly 80 years ago against the same team, the Nelson Maple Leafs. Kimberley won that very first game 2-1. . . .Leaf coach Frank Maida said the Leafs came away from the game unscathed with no new injuries to report. . . . Nelson won the first game between the two clubs, October 7, [email protected]
NORTHRIDGE – The small vials filled with potentially life-saving vaccine sit in a refrigerator at the Cal State Northridge health center, available to some, unreachable for others. Ayu Nishikawa is debating whether she should get inoculated with Gardasil, which protects against certain strains of human papilloma virus, or HPV, that can cause cervical cancer. The disease kills 3,700 American women a year. “I don’t know how safe it is, or if it has side effects,” Nishikawa said of the $125-a-dose vaccine. “It’s about both cost and the questions. “It’s still a new thing and it seems lots of students don’t know about it all that well.” Most insurance plans cover the vaccine, and uninsured girls ages 9 to 18 years are able to get inoculated for free through the state’s Vaccines for Children program. But that leaves some younger women who have aged out of their parents’ health plans, or who can’t afford any insurance, out of the loop, including those who fall back on Family Pact. In fiscal 2004-05, nearly 1.6 million clients were served under Family Pact. Of those, 63 percent were ages 20-34, and 89 percent were women. State health officials said there are no plans to fund Gardasil through Family Pact because, they say, the vaccine is more effective in younger girls who are less likely to be sexually active and therefore have yet to contract any form of herpes. However, Merck, the company that makes Gardasil, said there has been some misinformation about who should and shouldn’t be vaccinated. Officials there say the vaccine can protect those 18 to 26, even those who have had one type of HPV. The vaccine protects against four strains. “We’ve tried to stress that the vaccine can be useful to women who already had one or more HPV types,” said Marc Boston, spokesman for Merck. “It’s important to know that if they have had HPV, this doesn’t mean they won’t benefit.” Current research is under way on a similar vaccine for boys and older women, Boston said. The company’s Web site, www.Merck.com, has information on a patient assistance program for those 19 and older who can’t afford the vaccine. “The assistance is highly applicable to California to those who just don’t have the means to receive vaccines,” Boston said. Meanwhile, local clinics and hospitals are seeing an increase in interest in the vaccine, which is good news to providers, even as the state Assembly’s Health Committee will debate Tuesday whether to make the vaccine mandatory for girls entering the seventh grade beginning in 2009. “We had 170 doses (for girls) and went through that in four days,” said Debra Rosen, director of public health and health education for the Northeast Valley Health Corp. “Our providers are very excited about the prospect of this vaccine,” Rosen said. “It will make a significant impact in reducing cervical cancer and genital warts.” And the current debate may actually be increasing interest, said Dr. Charlene E.L. Huang, who specializes in adolescent and pediatric medicine at Kaiser Permanente Woodland Hills Medical Center. “Quite a few patients have brought the vaccine up,” Huang said. “I think it’s an indicator that the information is out there, that the population is becoming more aware of the issues.” However, Huang said, there is still some concern about inoculating girls as young as 9. “There’s more concern about its safety,” she said. “Some parents feel it’s too new. And those who take a more religious or moral standpoint express concern, because they feel their daughter would not be sexually active that soon.” [email protected] (818) 713-3664 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Nishikawa, a 24-year-old women’s studies major and assistant director of the Women’s Center at CSUN, has health insurance through Family Pact, a state-funded plan. But Family Pact doesn’t cover Gardasil, even though it does provide for condoms and birth control pills. “We’ve had a lot of inquiries, but only three patients so far have gotten it,” said Kristal Gordon, a pharmacist for CSUN’s Klotz Student Health Center. “It has to do with the cost.” The rising interest in Gardasil and questions about affordability couldn’t be more timely. The Centers for Disease Control and Prevention released a report last month that found one in four U.S. women, ages 14 to 59, has some form of HPV. While the CDC recommends that girls ages 11 to 12 get inoculated, the study found the virus was most common in women ages 20 to 24. In Los Angeles County, an estimated 600 women are diagnosed with cervical cancer each year, with incidence among Latinas over two times higher than the national rate, according to a University of Southern California cancer surveillance research report. African-American and Korean women also have higher risk for the disease, the study found.
(Click here, if you are unable to view this video on your mobile device.)SANTA CLARA — Take away running back Jerick McKinnon and quarterback Jimmy Garoppolo to knee injuries, then take away a few more offensive weapons to more injuries, and it’s no surprise the 49ers are mired in a three-game losing streak.Coach Kyle Shanahan insisted Monday the 49ers have “strong enough people” to reverse course, even if their daunting path next features the Green Bay Packers at Lambeau Field next Monday …
SANTA CLARA — Six years ago, the 49ers and Seattle Seahawks were the hot shots getting flexed into prime time, a season in which the 49ers opened seven games in prime time en route to Super Bowl XLVII.Wednesday’s reality check: the 49ers annual visit to the Seattle Seahawks got bumped up to a 1:25 p.m. kickoff on Dec. 2, ahead of NBC’s night game between the Pittsburgh Steelers and Los Angeles Chargers.The Raiders got bumped out of the NBC prime-time game the following week, a Dec. 14 home …
After all this reluctant criticism, Ronquist manages to find something to compliment, in closing:Although it is easy to criticize a book that tries to cover so much, in this case doing so is like throwing stones in a glass house. Every phylogeneticist can probably find some points they understand better than Felsenstein, but I can think of no one who could provide a better and more comprehensive summary of the current methods for building evolutionary trees. It will be a long time before there will be a comparable book; perhaps the field is now growing too fast for there to ever be one. The publication of Inferring Phylogenies is a milestone for evolutionary biology in general and phylogenetics in particular.1Fredrick Ronquist, “Phylogenetics: A Broad Look at Tree-Building,” Science Volume 303, Number 5659, Issue of 6 Feb 2004, pp. 767-768.Sometimes you have to just stand back and let the Darwin Party members do it to each other. Does anyone have confidence in evolutionary tree-building after this indecent exposure? When an expert in the field omits significant parts of the story (why? because he feels they are invalid?), characterizes it as a battle over the most prestigious authorities, and describes one of the chief methodologies to be as mystical as casting chicken bones and using magical incantations, what are we supposed to conclude? Don’t they realize it’s confusing to the peasants when the shamans are exorcising one another?For more on phylogenetic tree-building, see 11/26/2002 and 06/13/2003 entries, and follow the Chain Links on “Genes and DNA.”(Visited 10 times, 1 visits today)FacebookTwitterPinterestSave分享0 Fredrik Ronquist is active in phylogenetic systematics, the art of drawing evolutionary trees from DNA comparisons. And he admires Joseph Felsenstein, an “icon in the field.” But when he reviewed Felsenstein’s new book, Inferring Phylogenies (Sinauer, 2004) in the Feb. 5 issue of Science,1 he had mixed feelings about the author’s biases and his choice of humor. Ronquist has much to praise about the iconic master’s work, concluding “I can think of no one who could provide a better and more comprehensive summary of the current methods for building evolutionary trees.” Nevertheless, his criticisms are revealing about the state of this art:What is it about, anyway? The book seems to omit a rather important part of phylogenetic systematics:What I found most surprising about the book is that it is not at all about systematics. Readers will find no coverage of many basic concepts in phylogenetic systematics–such as synapomorphy, symplesiomorphy, sistergroups, outgroups, and monophyly.While Felsenstein covers many subjects like “techniques for statistical testing of evolutionary trees,” uses of phylogenies, and “nearly every quantitative approach to tree-building that has been tried,” Ronquist is most surprised there is no coverage of these important terms and concepts in a 684-page definitive treatise by an expert in the field.No help on classification.Another topic that many phylogenetic systematists consider important but the book glosses over is how one should convert phylogenetic trees into classifications of organisms. According to Felsenstein, “The delimitation of higher taxa is no longer a major task of systematics, as the availability of estimates of the phylogeny removes the need to use these classifications.” Even a cursory look at the literature would prove that many active systematists disagree; indeed, the discussion of classification and naming principles seems to be as vigorous as ever. This neglect of the classification issue is all the more remarkable because Felsenstein devotes an entire chapter–one of the more original and important contributions in the book–to the drawing of trees (specifically, to algorithms for drawing diagrams of trees). After all, drawing trees is just another way of communicating the results of a phylogenetic analysis. Often a diagram is better, but sometimes a name is necessary. I do not think we will ever see papers with titles like “The biology of
Share Facebook Twitter Google + LinkedIn Pinterest The market is unsure if bean tariffs will mean anything. Even if China starts buying all of their beans from South America, the rest of the world could still buy U.S. beans. This week the Brazil bean cash offers skyrocketed off the tariff news, but when the futures came down 50 cents other world buyers started buying U.S. beans, as they were the cheapest globally. This is likely why the markets dipped and then recovered shortly after.Reduced Argentina production is bullish, while U.S. bean stock levels are bearish. It’s still uncertain how many acres U.S. farmers will plant. I expect a roller coaster ride ahead for the bean market.If corn demand continues to stay steady or increase, prices likely will be strong and have upside potential. If demand were to decrease, so will prices. Weather will start to be an issue in three weeks and could help determine if additional acres will be planted from the USDA estimates. Are options the answer?Last year caught many farmers off guard, because it was the first time in a while that average farmers didn’t have an opportunity to sell an average crop at profitable levels. Many farmers are fearing 2018 will be the same. Therefore, some farmers want to consider alternative solutions (like options) to increase their profit potential, but don’t know how. While I don’t think options are a cure all strategy, if used in moderation and as long as farmers understand all of the risks, they can help farmers take advantage of more opportunities and increase flexibility in their marketing plans.For the first time in the last 10 years I had more than 35% of my production tied up in options trades in 2017. But, 2017 was also the first time in 10 years that corn didn’t trade over $4.30 before harvest. Sometimes market conditions force me to consider alternative strategies to maintain profitability for my farm operationGrain marketing with good risk management practices is a very complex process. The best marketing plans need to constantly adapt to market variances. With more flexibility and trade choices (including options), farmers can maximize profit potential. Conditions affecting prices change every year, so marketing plans need to adjust too.Too often farmers have the market strategy “I want to get the most I can.” This “plan” isn’t a plan. It assumes one can predict the top of the market every year, which is impossible. Instead, I prefer setting price goals I’m willing to accept that meet my farm operation’s profitability objectives.Below I’ve provided some examples of different options that I’ve used or considered in the past and the pros/cons of implementing them into my marketing plan. Selling call optionsSelling calls gives the right to someone else to buy my grain from me at a certain price. When selling calls I get a premium regardless of how the trade turns out. If the price at expiration is the same or higher than the strike price of the call, I have to sell grain for the strike price, but I also keep the premium. If the price is below the strike price at expiration, no sale is made, but I get to keep the premium to add to a later trade.Since grain producers ALWAYS have more grain to sell, selling calls is a natural hedge trade for farmers. It doesn’t allow for much upside price potential and provides limited downside protection, but it can be very useful during sideways markets. In the last year selling calls has allowed me to pick up added premium on some of my grain, while prices remained at unprofitable levels. Selling put optionsSelling puts gives away the right to someone else to give me grain at a certain price.This type of trade is extremely risky for grain producers because it places them in a position of potentially being forced to buy grain at higher prices when they always need to be selling their grain. There are few cases where this type of trade by itself would make sense for a grain producer and I think should be avoided. Selling straddle optionsSelling straddles are when I sell both a call and a put at the same strike price and collect both premiums. Generally, this type of trade is most profitable in sustained sideways markets. While I usually avoid selling puts, the one exception is when I sell a call at the same price (i.e. selling a straddle).While I have had considerable success with straddles over the last 16 months, I had never even placed a straddle in the previous 8 years. Back then I couldn’t justify the potential risk of having to buy grain back if the market fell far enough for the potential premium I would get if the market remained stagnant.To sell a straddle, I select a price I think corn will be at on a specific date in the future. If futures prices are at that price on the selected date, I keep the total premium generated from the trade. The further the actual futures price is from the strike price I picked on the last trading day of the straddle, the less premium I collect until it the straddle hits certain price points in either direction. Those points are derived from the strike price and the total amount collected for selling the straddle. From there, I’ll either have to remove a sale (i.e. buy grain back) or make an additional grain sale.In the last year I could justify this trade to myself and my banker because I first sold some grain at levels that were below the cost of production, so not very good sales to begin with. I didn’t think prices would likely go much lower and there was a reasonably high chance prices would go nowhere, or maybe higher. That initial grain sale provided a “security blanket” to place the straddle trade. If I didn’t really want to make a sale in the first place at the price I did, then the straddle would enable me to buy back the grain at lower prices. If I was going to sit with unpriced grain in the bin anyway, why not be willing to make money regardless of what happens. I discussed the trade with my banker prior to placing it, and he could also see the reason why I would do this type of trade on a few bushels.While there are some advantages to straddles, there are some disadvantages. I wouldn’t commit a large percent of my production to this strategy because it first requires selling some bushels at unattractive prices to minimize my risk exposure. That means if the market ultimately rallies significantly, I get to double my sale at better portions because of the sold call portion of the straddle trade, but I still have the unattractive sale that minimized my risk exposure. Even if I wait to make the first sale at an attractive price level then I open myself up to potential downside in the market should the market drop significantly So, straddles have some draw backs and are certainly not a perfect trade.While straddles can be profitable in certain market conditions, I need to be very cautious when placing them. Following are some best practices that I personally use when placing straddles to limit my risk exposure.I never place a straddle trade without knowing every possible outcome that could happen and be willing to accept any potential scenario.I almost never buy back either side of the straddle before they are within days of expiring. I have a strategy/plan in place and I was willing to accept all possible scenarios when I initially placed the trade, so changing in the middle could affect my profits and the outcome of other trades I have built around them.Since these types of trades are generally more profitable in a sideways market, I go into the mindset of each trade hoping I made the wrong choice and prices go up, so I can sell more grain at higher prices.I always have a sale already in place to protect me from the market dropping and having to reown some of my grain. This is why in the past I haven’t put straddle trades on because I don’t want to buy back profitable sales. Straddles, to this point, have only been a strategy I have used when prices were below the cost of production. Buying putsBuying puts means buying the right to sell grain at a specific price. I’m usually not a fan unless the strike price, less the cost of the put, is still above my breakeven costs. Even then it usually makes more sense to me to just sell the futures outright and guarantee my profit instead of hoping for higher futures prices.For example, let’s say I buy a $4 put for 20 cents. This would mean my true floor price is $3.80. If my production cost is $4.20, then this trade guarantees I won’t be breaking even unless corn trades above $4.40. So, why even buy the put in the first place? I could just sell corn if it is anywhere above $4.20 and guarantee I’m going to have a profit.Now, some would suggest rolling the puts up in a rally and back down in a decline to minimize this issue and add profits to the trade. But that adds costs on rallies, making break evens higher. Plus, if the market drops and farmers roll down the puts, it exposes farmers to more downside loss potential too. In theory these trades can be successful, but in sideways markets they tend to miss opportunity or lose money. Buying puts worked best during extreme volatility like 2010, 2011 and 2012. Over the past five years buying puts has provided a producer a floor price, but that doesn’t mean that the farmer was still profitable with the trade. Buying callsBuying calls means buying the right to buy grain at a specified price. I’ve never been a fan. Whenever I’ve done the math on buying call options, I find they are rarely, if ever, profitable for me. For buying calls to be profitable, it requires a lot of market movement to the upside. The thing is, I ALWAYS need the market to go higher for any unpriced grain I have left for this year or the next year’s crop, so I don’t need to double down on what I need the market to do anyway. This type of trade is too speculative for me when I’m trying to limit my risk exposure.There are some who like to sell futures and buy calls. This is really just buying a synthetic put option, which I just described above.Buying calls tends to sound best to those fearing they will miss out on a big futures rally. This type of trade is basically betting on a long shot. Yes, it has occasionally worked well like 2010, 2011 and 2012, but since 2013 it likely hasn’t been profitable. What about options in the bean market?I usually just focus my option strategy on the corn market and not beans, for the following reasons:Beans have a lot of market volatility and uncertainty with South America growing 60% of the world’s beans. This means potentially two or three weather scares per year that can dramatically affect the market. Comparatively, about 75% of the world’s corn is grown in the northern hemisphere once per year (which greatly reduces market volatility potential).Buying bean options, puts or calls, usually involves a large upfront fee. If I’m already profitable, I don’t see a reason to risk taking a loss hoping for better values. If the market does nothing but go down after buying the option I’m going to miss some opportunity as well.Selling bean call options exposes me to huge price swings and doesn’t allow for me to sell if the market does rally even if I think the market is likely to fall down the road. Which means I don’t get much coverage to the downside.I probably would rather buy beans options over selling them. The reason is because each crop trades differently. What works for corn doesn’t usually work for beans and vice versa. It’s incredibly hard to predict bean market movements and selling option strategies are usually less effective because of market inverses, while the initial upfront cost to purchase them can be a deterrent.I also tend to use my bean crop as a hedge against my corn crop. If I can sell my beans for a guaranteed profit then all I have to worry about is weather my corn will make money. I want to know exactly where I am with my beans instead of wondering or hoping. A balanced approachI strive for a balanced marketing strategy that takes into consideration the market could go up, down or sideways. I want to take advantage of all opportunities available regardless of where the market goes, because it doesn’t always go up. I don’t fear missing out on a rally, because hitting the top isn’t my marketing goal. The fear of striking out and losses motivates me more than the thrill of hitting the very top of the market. I want to be in the upper end of the market trading range, but I need my farm operation to consistently be profitable and I’ll consider any opportunity that allows me to maximize profit potential while minimizing my risk. Using options prudently is one of many ways I can do this. Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at [email protected]
Indiana Signee Ogugua AunobyWith the returns of James Blackmon and Yogi Ferrell, as well as the addition of five-star big man Thomas Bryant, Indiana projects as a top-20 team next season. Bryant and four-star Juwan Morgan are the big names of the Hoosiers’ incoming freshman class, but a third frontcourt player, Ogugua Anunoby, has some talent of his own. Anunoby, a 6-foot-8 three-star small forward from Jefferson City (Mo.), posted this video to his Instagram tonight. It was re-posted by the Indiana men’s basketball program’s official Instagram, and it features Anunoby throwing down an impressive, 180-degree between-the-legs dunk. Pretty good. We’re sure Hoosier fans will be salivating once they see this.