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Fight or flight

first_imgLife, with its endless barrage of conflicts, may have just gotten a bit easier thanks to Robert Mnookin.Mnookin, the Samuel Williston Professor of Law at Harvard Law School and chair of its Program on Negotiation (PON), has authored “Bargaining with the Devil: When to Negotiate, When to Fight,” a book that analyzes some of history’s most tumultuous conflicts while offering invaluable guidance on everything from business disputes to messy divorces.Focusing on unfair, even evil, actions — such as blackmail, labor disputes, extortion, theft — and the adversaries behind them, Mnookin dissects the trappings that interfere with rational thinking and reveals pragmatic approaches to elicit resolution and results.“Should you bargain with the devil?” Mnookin wondered. “My question, and this book, have their roots in Sept. 11.” A month after the attacks, the PON sponsored a debate about whether President George W. Bush should negotiate with the Taliban.“This debate led me to begin thinking about a more general question: In any particular conflict, how should you decide whether or not it makes sense to negotiate?”Mnookin examines the historical and political perils of the Holocaust and South African apartheid to illustrate the reasons why Britain’s Winston Churchill chose not to negotiate with Germany, while South Africa’s Nelson Mandela opted to bargain with a white government that had imposed horrific restrictions. According to Mnookin, both were groundbreaking tactical judgments, and are relevant to today’s fraught global arena.But everyday conflicts are featured, too. In 10 digestible chapters, Mnookin offers real-life scenarios that feature, for example, family members at odds with each other over an inherited vacation home.“Before you resort to coercive measures — such as warfare or litigation — you should try to resolve the problem,” said Mnookin. “To negotiate doesn’t mean you must give up all that is important to you. It only requires that you be willing to sit down with your adversary and see whether you can make a deal that serves your interests better than your best alternative does. You can’t hope to make peace with your enemies unless you are willing to negotiate.”last_img read more

Florida muni calls for cancellation of Vogtle reactor project

first_img FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):The Jacksonville, Fla., municipal utility is ramping up efforts to exit a power contract tied to the Vogtle nuclear plant expansion, with JEA’s interim CEO calling on the project’s owners to vote against continuing construction at the venture.JEA is in a power purchase agreement, or PPA, with the Municipal Electric Authority of Georgia, one of Vogtle’s four owners known as MEAG, for 206 MW from two reactors being built at the Waynesboro, Ga., facility. Units 3 and 4 are years behind schedule and billions of dollars over budget, and one of Vogtle’s owners, Oglethorpe Power Corp., recently disclosed the project’s price tag is increasing by another $1.5 billion.A week after lead Vogtle owner Southern Co. announced the most recent cost increase, JEA Interim Managing Director and CEO Aaron Zahn wrote a letter on Aug. 17 to MEAG President and CEO Jim Fuller to express his “starkly different understanding of our joint business and legal relationship as well as the fundamental viability” of the project.“Regardless of our past differences of opinion about whether the project should be abandoned, it is now beyond reasonable debate that prudent utility practices and the interests of ratepayers require that MEAG and the other owners of the Additional Units vote no on continuing construction,” Zahn wrote.Vogtle is owned by Southern subsidiary Georgia Power Co., Oglethorpe, MEAG and Dalton Utilities. All but Dalton are slated to decide by the end of September whether to continue building the reactors after the cost increase. If just one votes no, Vogtle would be abandoned, leaving no active nuclear construction projects in the country.More ($): JEA calls Vogtle agreement ‘burden,’ wants owners to vote against construction Florida muni calls for cancellation of Vogtle reactor projectlast_img read more

Outdoor industry asks Congress to support outdoor recreation economy in pandemic legislation

first_imgPrioritize policies to reduce carbon emissions. “Our industry relies on a healthy environment for those who love the outdoors to experience it to the fullest,” the letter says. “Green infrastructure solutions not only sequester carbon and help mitigate the worst impacts of future natural disasters but also serve as places to recreate.” The letter, which was drafted by the Outdoor Industry Association, asked for specific support for six key actions: “Our outdoor recreation economy generates $887 billion in consumer spending and 7.6 million jobs annually,” the letter states. “The outdoor industry comprises 2.2 percent of the United States GDP and, prior to the unprecedented COVID-19 pandemic, was growing faster than the economy.” Permanently fund the Land and Water Conservation Fund (LWCF) and fund the maintenance backlog that has plagued federal public lands. This action would finalize bipartisan legislation that was close to passing under the Great American Outdoors Act before the pandemic hit. Streamline the federal permitting system, an action that supports the guiding and outfitting communities by enabling them to kick-start local tourism once public lands re-open. Fund parks, trails, and other outdoor recreation amenities in underserved and under-resourced communities, an action that would address the inequities around those that live in areas with access to outdoor recreation and natural areas, and those that do not. center_img Include bikes and pedestrians in infrastructure bills. “This type of funding helps local economies and provides people with safe, environmentally sensitive, and low-cost forms of transportation and recreation,” the letter reads.  More than 60 companies, including Patagonia, L.L. Bean, REI and North Face, have signed a letter to Congress asking that the outdoor recreation economy be included in any upcoming pandemic response legislation.  Photo from Getty Images Expand the Civilian Conservation Corps to provide jobs for Americans and restoration and stewardship of our public lands. “This program could immediately be brought to scale to meet the needs of recently unemployed workers from various affected industries,” the letter states. last_img read more

Consumer confidence in the auto industry during a recession

first_img 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Mike Moore Michael Moore joined SWBC in 2013 as Vice President of Business Development and was promoted to Senior Vice President of Sales in 2016. In this role, Michael is responsible for … Web: www.swbc.com Details SWBC’s MPOWER+ Vehicle Return Protection offers financial security for your borrowers while helping your institution manage risk, generate non-interest income, and increase borrower loyalty. Visit our website to learn more. This year, we have seen unprecedented levels of disruption to almost every aspect of our daily lives. For many lenders, the coronavirus and subsequent economic challenges have ushered in considerably declining levels of direct auto loan originations and loan growth across the credit union landscape. In this article, we’ll explore how consumer confidence in the age of the coronavirus is impacting the auto lending industry. We will also take a look back at the last recession of 2008-2012 and discuss how the automaker Hyundai successfully adapted to fit the needs of borrowers who were struggling through a tough economy by shifting their messaging and product offerings. Declining Sales in the Wake of COVID-19Last year marked the fifth consecutive year that the auto industry saw over 17 million in sales. The numbers of this banner year were driven by readily available credit, historically low unemployment numbers, and healthy consumer confidence. While 2020 was not expected to break previous sales records, industry analysts were expecting numbers comparable to 2019—and the seasonally adjusted rate of sales for the first two months of the year were on track with those predictions. Then, of course, the coronavirus reached global and epic proportions, and social distancing measures put in place to help slow the spread of the virus also slowed virtually all economic activity. Starting in March of this year, vehicle sales dropped off of the proverbial cliff, reaching their worst levels since March 2010, in the middle of the Great Recession. In 2020, the annual vehicle sales rate fell from 16.8 million to 11.8 million. For some perspective, in March of 2010, the seasonally adjusted annual rate of sales dropped all the way to 11.7 million, which was the worst dip in 10 years—we just surpassed that. In fact, through May of this year, Cox Automotive reported new vehicle sales were down 37% year over year, while used vehicle sales were down 15% year over year. What has been driving the significant drop in sales this year? You don’t have to look very far for the answer—we hear it every day on the news. Consumer confidence has plummeted.  The Impact of COVID-19 on Consumer Confidence Prior to 2020, we had been seeing years of positive economic returns. For the last couple of years, the consumer confidence index—which measures a degree of optimism on the state of the U.S. economy—has performed exceptionally well. A value of 100 on this index denotes that consumers have a high level of confidence that the economy is going to remain stable. At the beginning of this year, consumer confidence was looking great at 131.6. It dropped to 118.8 in March, as the first hints began to come in that the coronavirus was going to heavily impact the U.S. By April, we found ourselves in the middle of a global pandemic, nationwide shelter-in-place orders were enacted, and business operations across the country were disrupted. According to CNBC, “U.S. consumer confidence plunged in April as millions lost their jobs and there was an unprecedented deterioration of the consumer confidence index. The Conference Board said that its confidence index tumbled to a reading of 86.9 in April, the lowest level in nearly six years and down from 118.8 in March. The share of people saying that jobs are “plentiful” was more than halved, to 20% in April. The present conditions index slumped from 166.7, to 76.4, an unprecedented 90-point drop.”Market Differentiators That Address Consumer Confidence During a RecessionAt a time when consumers are not feeling very confident about going out and making a big purchase in an uncertain economy, lenders could benefit by shifting their focus from a “low rates and great service” mentality to messaging and product offerings that center around offering peace of mind to the anxious consumer.Hyundai Assurance ProgramTo talk a little bit more deeply about this idea, I’d like to go back in time to 2008 and the beginning of 2009, and take a look at the Hyundai Assurance program. Hyundai Assurance is a marketing strategy that Hyundai motors has relied on for a number of years now. But, back in 2008 and 2009, when the U.S. economy was still struggling through the Great Recession, Hyundai Motors was looking for a way to stimulate sales. With growth in a tough economy as their primary goal, they knew they really needed to try something new. Knowing that consumers were facing tough times and economic uncertainty, they decided to change their approach.Enter Hyundai Assurance. While the big four auto makers were appealing to lawmakers in Washington for bailouts, Hyundai decided to refocus. They pivoted their marketing approach from talking about their cars’ performance, technology and value, to sending a message of reassurance. They offered a message and coverage that had the consumer’s best interest in mind. They introduced the idea of a “walkaway protection program.” This program provided coverage for life’s unexpected pitfalls. It allowed consumers to return their vehicle to Hyundai in a time of need, such as loss of income or medical disability. If a borrower experienced an unexpected economic challenge, this program allowed them to return a vehicle that they potentially could no longer afford.How did changing the message work out for Hyundai? After implementing the walkaway program, Hyundai saw an 8% increase in unit sales within one year, while the rest of the automakers in the country saw a 21% decline. Further, Hyundai also saw a  57% increase in their market share, which made them the fourth largest automaker in the world, outpacing Ford and Dodge within six months of introducing this program. Ford Promise ProgramIn June of this year, Ford Motor Company released their Ford Promise program, which allows eligible customers who lease or purchase a new or used vehicle through Ford Credit and then lose their job within a year to return the vehicle to Ford; customers will be covered for up to $15,000 of their remaining balance. “We feel like right now, the economy is at the stage of recovery where people want things to be back to normal, they want to buy, but they’re still a little nervous about what the future holds,” says Mark LaNeve, vice president, U.S. marketing, sales and service in a report by Ford Media. “We want them to know we understand that, and we’re here to support them in their buying decisions.”Shift Your Messaging to Peace of MindIn this new age of decreased consumer confidence and declining sales, credit unions are facing new challenges in a market of anxious borrowers. Reassuring members that you are going to be there for them, and have their backs if they hit hard times is an essential messaging strategy going forward. Although the first half of 2020 has been bleak, we will recover as a country and as individuals. If you are there for your members during the tough times, they will return again and again. last_img read more

Shanghai Dingheng Shipping on Chemical Tanker Ordering Spree

first_imgChina’s Shanghai Dingheng Shipping has embarked upon an ambitious investment campaign as it speeds up efforts to create a fleet of over 20 ships by the end of this year.Last week, the company inked a deal with Ningbo Xinle Shipbuilding Group on the construction of ten 9,000-tonne stainless steel chemical tankers. Dingheng added that it has reached a preliminary agreement with the shipyard on the construction of ten additional 6,000-tonne stainless steel chemical tankers.The delivery and financial terms of the two contracts have not been disclosed.“We will comprehensively optimize the design of this type of ships based on years of experience in practical use, apply domestic high-quality equipment as far as possible premised on keeping good general performance of ships, in an effort to create opportunities for and power the transformation and upgrading of related products in Chinese industry chain of chemical tankers,” the shipping company said.What is more, Dingheng and Ningbo Xinle Shipbuilding have also signed a 10-year bareboat charter agreement for 6 chemical tankers. These include three 7,500t coated chemical tankers, one 16,500t coated chemical tanker and two 13,200t new stainless steel chemical tankers, which will be delivered to Dingheng in the upcoming few months.In addition, the Shanghai-based shipping company, operating in Chinese coastal and international chemical transportation segment, has four 8,500t and two 13,000t chemical tankers under construction slated for delivery by the end of this year.last_img read more

RADIO NZ: The Panel on Family First’s Charitable Status

first_imgThe Panel with Duncan Webb and Gordon McLaughlin 6 May 2013 The Family First lobby group is reported to be disappointed at the news it’s about to have its charitable status taken away; and Health authorities in South Auckland are urging anyone who has had dental treatment from an unregistered dentist to contact a hospital as soon as possible.Discussion starts at 7’48”last_img

Boys Area Basketball Sectional Scores (2-27)

first_imgBoys Area Basketball Sectional ScoresWednesday  (2-27)Class 1A-Sectional 60 @ SouthwesternOldenburg  60     Jac-Cen-Del  50Hauser  68     Waldron  48Class 3A-Sectional 29 @ GreensburgRushville  51     Lawrenceburg  44Batesville  55     Franklin County  37last_img

James leaves United

The 21-year-old has moved to the DW Stadium for an undisclosed fee, signing a three-year contract after making just one senior appearance for United, in the 4-0 Capital One Cup loss to MK Dons last August. Having spent time on loan with Carlisle, Rotherham and Huddersfield, James has elected to leave Old Trafford and establish his career elsewhere in the north-west. “Reece is a young player with a bright future,” Wigan manager Gary Caldwell told his club’s official website. “He has been schooled by one of the best academies around and has impressed both at under-21 level and whilst on loan. “He is another who will strengthen competition on that left side, and has played as a full-back, or in a wing-back role. Once again, there were clubs after him so we’re delighted to add him to the squad.” Full-back Reece James has left Manchester United to join Sky Bet League One side Wigan on a permanent basis. Press Association read more

Kieran Gibbs earns Arsenal a point against Tottenham in north London derby

first_img Press Association Arsenal missed the chance to go top of the Barclays Premier League as they were held to a 1-1 draw by Tottenham in Sunday’s north London derby at the Emirates Stadium. However, Arsene Wenger’s side – missing the likes of Theo Walcott, Alex Oxlade-Chamberlain, Hector Bellerin, Aaron Ramsey, Jack Wilshere and Danny Welbeck through injury – could not conjure a winner, so remained level with Manchester City, who earlier drew 0-0 at Aston Villa. It was an electric opening to the 82nd north London derby, with both sides quick on the break but lacking a telling pass in the final third. Spurs created the first real opening when a deep free-kick from Christian Eriksen floated over to the back post, where Eric Dier sent his angled header wide. Kane fired the visitors in front on 32 minutes. Full-back Danny Rose chipped a long ball over the Arsenal defence, with Per Mertesacker caught up field and Laurent Koscielny trying to play offside, which released Kane into the Arsenal penalty area. The England forward, who scored against Anderlecht in Thursday’s Europa League tie, dipped his shoulder before curling a low effort past Petr Cech into the bottom-right corner. Arsenal – who had won their last five Premier League games – looked to produce a response, but were again frustrated in the final third as the visitors comfortably closed out the first half. Wenger made a change for the restart, with Mathieu Flamini – who scored twice in the Capital One Cup victory at Spurs earlier this term – replacing Santi Cazorla in midfield. The Gunners – thumped 5-1 at Bayern Munich in their midweek Champions League tie – had to come from behind after Harry Kane fired the industrious visitors into a deserved first-half lead. Substitute Kieran Gibbs bundled in a first league goal since March 2012 on 77 minutes to set up a grandstand finale. Arsenal were close to an equaliser when Joel Campbell cut in from the right and curled a low effort towards the far corner, which Hugo Lloris got down at full stretch to turn away. Spurs then came within inches of doubling their lead when Eriksen darted into the right side of the Arsenal penalty area and his angled shot was deflected off Flamini and drifted across the face of goal, dropping just past the far post. Arsenal hit the crossbar on 54 minutes after Mesut Ozil sent over a deep free-kick from the right and Olivier Giroud just could not keep his looping header down. The France forward then glanced a free header wide from six yards following Ozil’s corner. Spurs weathered the storm and were soon back in the ascendancy, as Cech beat away a bullet header from Toby Alderweireld at point-blank range. Wenger sent on Gibbs, replacing Campbell, and the defender – pushed onto the left flank – pulled Arsenal level on 77 minutes. Ozil swung over a deep ball from the right, which floated across the Spurs area and Gibbs arrived on queue at the far post to volley past Lloris, as the goalkeeper fell back into the net. Arsenal had the momentum now, with Giroud forcing another smart reaction save from the under-siege France goalkeeper, but Spurs held out for a deserved point. TWEET OF THE MATCH “This is Arsenal’s worst, least passionate, tactically clueless performance I can remember in a NLD. And it’s going to cost me £5k. #afc” – Piers Morgan (@piersmorgan) was fearing the worst when Arsenal were 1-0 down PLAYER RATINGS Arsenal – Petr Cech: 7/10 Mathieu Debuchy: 6 Per Mertesacker: 5 Laurent Koscielny: 5 Nacho Monreal: 5 Francis Coquelin: 6 Santi Cazorla: 5 Joel Campbell: 6 Mesut Ozil: 6 Alexis Sanchez: 6 Olivier Giroud: 5 Substitutes – Mathieu Flamini: 6 Kieran Gibbs: 7 Mikel Arteta: 6 Tottenham – Hugo Lloris: 7 Kyle Walker: 6 Toby Alderweireld: 7 Jan Vertonghen: 6 Danny Rose: 7 Eric Dier: 6 Dele Alli: 7 Erik Lamela: 7 Mousa Dembele: 6 Christian Eriksen: 7 Harry Kane: 7 Substitutes – Son Heung-min: 6 Ryan Mason: 5 Josh Onomah: 5 STAR PLAYER Harry Kane: Continued his return to form with a well-taken opener. Christian Eriksen, Erik Lamela and Dele Alli could have all challenged the England man for star player but his unerring finish is deserving of the accolade. MOMENT OF THE MATCH Kieran Gibbs had failed to score a Premier League goal in over three years but he provided a largely undeserved equaliser as he bundled home Mesut Ozil’s cross at the back post just moments after coming off the bench. VIEW FROM THE BENCH Arsene Wenger was hamstrung by the sheer number of injuries, naming 10 of the side battered in Munich. Lack of options on the bench too, but in Kieran Gibbs he at least made a substitution that worked for his side. Mauricio Pochettino will see this as two points dropped as his side responded well to a third game in six days. MOAN OF THE MATCH A north London derby with only one booking? Always nice to see a bit of blood and thunder in these meetings but it is less and less about the commitment in such fixtures. WHO’S UP NEXT? West Brom v Arsenal, November 21 (Premier League) Tottenham v West Ham, November 22 (Premier League) Arsenal manager Arsene Wenger was satisfied with the result despite failing to take full advantage of Manchester City’s draw earlier in the day. Wenger told Sky Sports: “It was a very intense game. In the second half we made a great mental response. We were determined not to lose “In the end I believe a 1-1 is a fair result. “I must give credit to my players to refuse to lose the game.” Tottenham boss Mauricio Pochettino also praised his side’s efforts at the Emirates. He said: “I think that we played very well. At 1-0 up was the moment that we had the chance to score again. “I need to congratulate the players because today we showed great character. You need character and clear ideas. It was an unbelievable effort by the players.” Tottenham midfielder Dele Alli said: “I think the boys will be disappointed. That shows how well we are doing at the minute to come away to Arsenal and be disappointed with a 1-1 draw. “It’s been a really good start to the season for us.” last_img read more

Several South Florida hospitals report less than 7% of ICU beds available

first_imgThe following hospitals are reporting the shortage in ICU beds:Broward Health NorthBroward Health Medical CenterHoly Cross HospitalWestside Regional HospitalFlorida Medical CenterMemorial Hospital WestPlantation General HospitalWest Kendall Baptist HospitalBaptist Hospital of MiamiJackson Health NorthHomestead HospitalHealth officials say they are concerned that if residents do not follow the guidelines in place, the number of COVID-19 cases will continue to rise and deaths will increase as well.Although there is no shortage of beds, and more beds can be added they health officials say hospitals may become overwhelmed. On Friday, the Florida Department of Health reported a record-shattering increase of 8,942 cases in the state.Now, state officials are reporting several hospitals across Florida have less than 7% of Intensive Care Unit beds available.The lack of beds is said to be due to a number of reasons including COVID-19 patients and other patients sick with other illnesses. Florida Gov. Ron DeSantis said the state had 71,000 test results come back on Friday, with a percent positive rate of over 10%.last_img read more