Vermont Credit Union League Partners with Floyd & Assoc

first_imgThe Vermont Credit Union LeagueServices Corporation, a subsidiary of the Vermont Credit Union League, hassigned an agreement with John M. Floyd & Associates, Inc. (JMFA) ofHouston, naming the profitability-consulting firm as its “PreferredBusiness Partner” for the JMFA OVERDRAFT PRIVILEGESM program.The League (VCUL), founded in 1947, is a statewide, fullservice, financial trade association representing 37 Vermont creditunions with 243,000 members and assets of more than $1.3 billion at theend of 2002. Leagues in Alabama, Florida, Michigan, Mississippi, NewJersey, New Mexico and Texas also have recently endorsed JMFA. The firm’snon-discriminatory, automated service helps members avoid added costs andembarrassment from bounced share drafts (checks).”The public is demanding value-added services like overdraftprivilege,” CEO John M. Floyd told both the Consumer Advisory Council tothe Federal Reserve System and the Business Law Section of the AmericanBar Association last spring. “This discreet service avoids the humiliationof members ‘making good’ on a check with a valued retailer. Neither thecustomer nor the merchant loses time or productivity in straightening outan NSF (nonsufficient funds) mess,” Floyd says. “Members don’t wind up onretailers’ bad check lists.”Vermont credit union members can avoid multiple NSF charges froma merchant, or larger late payment penalties on house notes, car loansand tuition payments. They also can prevent negative entries on theircredit record or potential visits from law enforcement for inadvertent –but repeat — bad checks or share drafts,” he added. DiligentSearch…Member Friendly Program”With overdraft privilege, credit unions have a significantopportunity to enhance member satisfaction while increasing fee income,which has become progressively more important in the current economy asincome from lending has fallen,” explained Joseph G. Bergeron, VCULPresident.”The VCUL diligently researched and compared suppliers and theirprograms before partnering with John M. Floyd & Associates,” said Bryan S.Kent, Vice President of VCUL. “Our goal was to identify an outstandingpartner that would combine all the benefits of an overdraft program withthe credit union philosophy of focusing on the member’s well being.””I am convinced that our partnership with Floyd & Associates willhelp credit unions implement a member friendly program,” Bergeron added.VCUL is a statewide trade association that assists the creditunions in becoming the premier providers of consumer financial services.It offers credit unions assistance in the areas of regulatory compliance,legislative and operational information. VCUL and its supportorganizations are part of an international credit union support system.For more information, visit the League’s Web site atwww.vermontcreditunions.com(link is external). Overdraft Programs Vary WidelyJMFA, founded in 1973, is a leading provider of noninterestincome products to financial institutions. The company has installedprofit improvement programs in 1600-plus financial institutions, addingmore than $5 billion in increased pre-tax earnings for its clients. Thecompany also has successfully implemented variations of its overdraftprivilege program in more than 400 credit unions, banks and thrifts.”JMFA’s overdraft privilege program (www.overdraftprivilege.org(link is external)) is nondiscriminatory and 100% compliant withfederal and state regulations, as well as with recently suggestedchanges,” Floyd emphasized. “Our program has a proven track record ofproducing more income and less charge-offs.”The Federal Reserve System, at the urging of consumer advocategroups, including the National Consumer Law Center, has been reviewingcompliance issues concerning “bounce protection” and similar overdraftprograms. Some critics contend the programs need stricter controls underthe Truth inLending Act, however, the Fed decided March 28 to make noregulatory changes at this time, but to continue gathering information onthe programs.Floyd has been speaking from coast to coast this yearemphasizing the multiple benefits of overdraft programs, as well as theunfair practices endemic to the implementation, marketing and managementof some overdraft programs. Some bounce or overdraft protection programsare discriminatory, over-promote the service, under-educate consumers onits use and base overdraft limits on a “mystery matrix,” he has advisedconsumers, regulators and bankers.Brian R. Witt, chairman of the Credit Union Committee of theAmerican Bar Association, agreeing with Floyd’s premise, stated in the Mayissue of Credit Union Magazine: “The hidden, unquantifiable costs of notcovering overdrafts could be more insidious than the overdraft fees nowimposed under current disclosure laws.” JMFA creates strategic programs,including PRIVILEGE MANAGER CRM(SM), specific to each credit union, itsorganization and its market that maximizes all aspects of NSF revenue. Itthen delivers expert training, marketing and software to assure successfulimplementation and full regulatory compliance.last_img read more

Antique road mishap kills 9-year-old girl

first_imgThe DPWH has yet to respond on theincident./PN The family members and neighbors ofthe victims were calling the attention of the Department of Public Works andHighways (DPWH) in the province and its contractors to provide proper lighting,early warning devices and signages in all their construction sites to avoidsimilar accidents.   By STEPHEN LOUIE CHECA The girl, who was in Grade 3, wasriding a motorcycle driven by her 31-year-old father when they figured in aroad mishap around 8 p.m. on Thursday.   Antique board member Karmila RoseDimamay said another innocent life was wasted because of some persons’“negligence and lack of responsibility.”   The child and her father sustainedinjuries and bruises on the body and were rushed to the Angel Salazar MemorialGeneral Hospital in San Jose, Antique but the attending physician referred thechild to a hospital in Iloilo. She, somehow, did not survive on the waythere.   According to their neighbor KriciaLavega, the two were heading to a hospital to visit the child’s grandmotherwhen the incident happened. Lavega added the area was“poorly-lighted” and there was no reflectorized signage – only a warning deviceprinted in a tarpaulin. center_img She added her office is willing toassist the family in seeking justice and to demand from those “who neglecttheir responsibilities.”     Last July, Dimamay sponsored aresolution demanding the DPWH to require all contractors to install safety andprecautionary signages to all projects in the national and barangay roads toprevent accidents. The resolution was passed by the provincial board.  Dimamay said they (project engineersand contractors) only “obliged in the beginning.”    San Jose, Antique – A 9-year-old girl died in a motorcycle accident on a road construction site in Barangay Supa here.          Her father, meanwhile, has alreadyreceived medical treatment.      A “caution” sign, printed in tarpaulin, was partially damaged after a road accident in Barangay Supa, San Jose, Antique on Thursday. The “poorly lighted road” was linked to a motorcycle mishap that claimed the life of a 9-year-old girl. STEPHEN LOUIE CHECA/PN last_img read more

Rabada’s 7-112 sets up South Africa against England

first_imgCENTURION, South Africa (AP):Fast bowler Kagiso Rabada’s career-best 7-112 set South Africa up for a big lead over England in the fourth Test yesterday. Rabada rattled through England’s top and middle order as the tourists were bowled out for 342 after South Africa’s 475.South Africa stretched their lead to 175 when bad light stopped play on the third day at SuperSport Park, reaching 42-1 in their second innings.Rabada’s rich return, which included a burst of three wickets in two overs just before lunch, put South Africa in position for a desperately needed win to regain some lost pride.England have already clinched the four-match series with a 2-0 lead ahead of this last Test. South Africa haven’t won in their previous nine Tests, leaving newcomer Rabada without a victory in his young career.”I don’t think I’ve arrived yet,” he said. “There’s still lots of work to be done. (But) It felt good to take those seven wickets.”last_img read more

Azan wants to make shooting more available

first_imgJamaica Skeet Club president Khaleel Azan wants to make clay shooting a less-expensive sport for youngsters, noting plans are under way to make it more inclusive to allow more high schools to compete at the Inter-Secondary Schools Sports Association (ISSA) level over the next two years.Azan is mindful that the sport might not be open and affordable to all young Jamaicans at the moment, but is hoping to help offset those challenges by attracting more sponsorship.”The goal is to get this (clay shooting) under the Inter-Secondary Schools Sports Association (ISSA) umbrella in 2017 or 2018, and that is going to get the sport to a different level,” he pointed out to The Gleaner in a recent interview.LOWER COSTHe continued; “It’s going to open the sport to total Jamaica, because if we can get corporate sponsorship into this sport where we can lower the cost of shooting, then we can open it to all Jamaican Schools.”Azan lauded the Sports Development Foundation, sponsors, and other local organisations, which have helped to make the sport bigger.”I am going to tell you that with the help of certain associations, the plan is to grow itmore … if you noticed Mr (Denzil) Wilks was here from the Sports Development Foundation (SDF) and the secretary general Christopher Samuda from the Jamaica Olympic Association (JOA) was supposed to be here, but extended his apologies,” he said last Sunday at the Jamaica Skeet Club in Portmore, St Catherine.While praising the showing by the young talents there, the skeet club boss wants to open up the floor for even more girls and boys, who he wants to be on the same quality as overseas talents.”We are achieving a lot from year to year, my dream is where do the boys go from here and where do I view the over-seas tournaments and I think we are getting there, I see us getting closer and closer,” he outlined. “The overall picture is very positive.””The other thing that pleases me is that, we have 12 girls shooting, it’s one of those sports that bring girls into it and girls can do well,” added Azan.More than 70 shooters competed at the annual Digicel Inter-School Clay 50 Birds Championship at the most recent event last weekend.last_img read more

SPECTACULAR LOUGH SWILLY SEA RESCUE EXERCISE – IN PICTURES

first_imgLarge crowds lined Lough Swilly last night for a major training exercise was held by the coastguard.The exercise will involve a mock fire on the Lough Swilly Ferry and a likely mass rescue that would result.The teams involved included the coast guard helicopter, the Lough Swilly Lifeboat and the Greencastle Coastguard. The exerice, which was described as a complete success, took place betwenn 7 and 9pm.All pictures by kind permission of Joe Langan.SPECTACULAR LOUGH SWILLY SEA RESCUE EXERCISE – IN PICTURES was last modified: June 20th, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:coastguard exerciseLough Swillylast_img read more

Rooibos now on everyone’s lips

first_img30 June 2005After 10 years and over R6-million in legal fees, Rooibos Ltd has won the battle over ownership of the generic term “rooibos”, according to a company statement. The name of the tea, an everyday word in South Africa, was registered as a trademark in the US by Forever Young Ltd in 1994.According to the settlement agreement announced on Wednesday, Forever Young and the new owner of the trademark, Virginia Burke-Watkins, voluntarily and unconditionally agreed to the cancellation of their registration of the word “rooibos” in the US and various other countries. “Rooibos” is Afrikaans for “red bush”.The tea is grown only in the Cedarberg area of the Western Cape, about 200 kilometres north of Cape Town. There is no alternative source of supply anywhere in the world.Rooibos Ltd was the main driving force behind the case, with help from the national and Western Cape governments. A tea-processing and marketing company owned by farmers, Rooibos Ltd is the largest producer and marketer of rooibos internationally, handling about 70% of sales.“The livelihood of all rooibos farmers as well as tea manufacturers was threatened by this name-registration issue,” said Martin Bergh, managing director of Rooibos Ltd. “We had to do something about it.”In 1994, Forever Young registered the name “rooibos” in the US and numerous other countries, restricting the use the word to only those willing to do business with the company. In 2001, Forever Young sold the registration to Virginia Burke-Watkins of Dallas, Texas.Business Day reports that in 2004, Burke-Watkins sent letters to rooibos distributors in the US, insisting they stop using the term in their marketing material and demanding $5 000 (over R30 000) compensation from them.This year a Missouri district court ruled that rooibos was a generic term, the newspaper reports, and could not be used as a trademark. Burke-Watkins lodged an appeal, and the hearing was expected to take place in 2006. Rooibos Ltd also brought an application to the US patents and trademarks office to cancel the registration.Bergh told Business Day the direct implication of the judgment was that distributors would be able to use the term without having to pay. The indirect effect would be that distributors, who were not investing in marketing in the US because of the uncertainty over the name, would now start building up their market.Rooibos sales in the US are worth an estimated R70-million at retail level, Bergh said. That compares with about R300-million of retail sales value in South Africa.According to Business Day, Germany is the biggest market for rooibos tea, importing more than South Africa consumes.Bergh told the newspaper that although rooibos tea is a dryland – not irrigated – product and vulnerable to weather conditions, the industry produces about 9 000 to 10 000 tons of the tea a year, which could easily be doubled.The cost of the case to Rooibos Ltd has been astronomical. Because the lawsuit was in the interest of the entire rooibos-producing industry, it was decided to approach the South African government for financial assistance and support. The Department of Trade and Industry pledged R2-million, and the Western Cape provincial government R250 000.The red bushRooibos is a caffeine-free herbal tea with numerous scientifically tested health benefits. It is one of the many indigenous South African plants that make up the Cape Floristic Region. A world biodiversity hotspot and one of South Africa’s six World Heritage sites, the region has more plant species than the whole of the British Isles or New Zealand.Overall sales of rooibos in the US climbed from just over $1-billion (R6.7-billion) in 1993 to about $5.1-billion (R34.1-billion) in 2003, according to the Tea Council of the US.“Rooibos sales in America, in spite of the registered name obstacle, have quadrupled every year since 1999,” says Hugh Lamond, president of California-based Herbal Teas International.Rooibos has a delicate flavour as well as documented health benefits from polyphenols and antioxidants, which may delay the ageing process and help protect against heart attack and certain types of cancer.Many varieties of rooibos teas are available in grocery, speciality and natural food stores throughout the US, Canada, Europe and Japan. Rooibos Ltd also exports the tea to manufacturers and wholesalers in the US and Canada.SouthAfrica.info reporterlast_img read more

SA paddlers race into Fish record book

first_imgJunior GirlsJenna Ward/Brittany Petersen 5:46.14 Kerry Shuter/Camilla Pennefather (U16) 5:59.00Bianca Haw/Jordan Peek (U16) 6:05.10 The pair was in superb form, shooting Keith’s Flyover rapid with aplomb on the first day, and they oozed confidence in their form and preparations on the river. Under-23 MenAndy Birkett/Pierre-Andre Rabie 4:53.57Lance Kime/Stuart Maclaren 4:57.49 Andrian Bam/Rory Sandberg 5:12.58 The Germans were thrilled to make it onto the podium at the end of a race littered with accidents and misfortune. SAinfo reporter “It was a long day for us and we’re pretty tired,” said a tired Hodson. “Both of us are actually sprinters, so this sort of distance is a big ask.” “We conserved ourselves during the first hour as we knew we were out on our own, but we dug in after Gauging Weir, when we realised we could still break the race record. Fastest final stage timeThey posted the fastest time on the final stage to snatch the Canoeing South Africa silver medal ahead of the flying Germans, Tobias Bong and Achim Overbeck, and overtook the flagging crew of sprinters Greg Louw and Mike Arthur, who slipped back to fourth place from their overnight second. MenHank McGregor/Grant van der Walt 4:40.38Tom Schilperoort/Jasper Mocke 4:45.20 Tobias Bong/Achim Overbeek 4:46.21 Greg Louw/Michael Arthur 4:48.59 Jacques Theron/Piers Cruickshanks 4:50.27 Robert Knebl/ Tomas Slovak 4:50.28 Andy Birkett/Pierre-Andre Rabie (U23) 4:53.57 Alasdair Glass/Edgar Boehm Jnr 4:56.09 Mark Mulder/Lance King 4:56.58 Lance Kime/Stuart Maclaren 4:57.49 SilverThe silver medal fell to the plucky sprinters Tiffany Kruger and Jen Hodson, who had to battle through the pack after being started in the A-batch because they failed to make the elapsed time cut-off. McGregor and Van der Walt won by five minutes from the Cape surfski duo of Tom Schilperoort and Jasper Mocke, who provided the biggest surprise result among the elite men by upstaging the strong field of the country’s best river marathoners. “We had a much better day today, no trees and no blood, which was great, but we have realised we are no good at portaging,” said Tobias Bong. “We are extremely happy with our third.” The pair, racing in the colours of the newly formed Team Best 4 Kayak Centre, posted a flawless final stage to lower the 2006 race record set by McGregor and Len Jenkins by a minute and one second. Women’s titleThe women’s title fell to Abby Adie and Hilary Pitchford, who also led the race from start to finish to post a 10-minute victory margin that included a conservative option to portage Cradock Weir to eliminate any further risk to their race. WomenHilary Pitchford/Abby Adie 5:26.17Jen Hodson/Tiffany Kruger 5:36.16 Kim Brugmann/Angie Gafney 5:44.33 Jenna Ward/Brittany Petersen (U18) 5:46.14 Debbie Germiquet/Carmen Blakeney 5:48.56 Hank McGregor and Grant van der Walt became the first crew to win a hat-trick of victories in South Africa’s Hansa Fish River Canoe Marathon on Saturday, and shattered the race record too after dominating the event from start to finish. “It came down to a sprint finish,” said Mocke, who got engaged just days before the race. “We came over Gauging Weir first and put in a huge sprint, which gave us a nice gap going into Marlow portage, and that’s when we went for it. We paddled our hardest until the end to beat the Germans.” 11 October 2011 ‘Something special’“It’s my fourth win overall and my third with Grant in three years, and to have broken the record at the thirtieth anniversary is something really special,” said McGregor. The last place on the podium went to Kim Brugman and Angie Gafney. Would you like to use this article in your publication or on your website? See: Using SAinfo material “We were doing 200m sprints only three weeks ago and so our lack of endurance was exposed,” said Arthur. “We’re so happy to have paddle into fourth place.” “It was a completely different race from last year when we were completely blown at the finish. Things really worked out for us this time. Last year we had problems that cost us, but this year we had a really clean race,” he concluded. “This is my first time on the podium and first time on the top step and I’m absolutely over the moon,” said Pitchford. “It’s a dream come true. (Her boyfriend) Deon Bruss won it in his tenth Fish and so to have done it in my tenth is so special for me,” she added. Under-23 WomenJenna Ward/Brittany Petersen (U18) 5:46.14 Kerry Shuter/Camilla Pennefather (U16) 5:59.00Tamika Haw/Jenna Starr 5:59.49 Junior BoysDonavan Wewege/Gavin Shuter 5:04.49Blaine Beresford/Murray Starr 5:12.12 Murray Haw/James Speed 5:21.19 RESULTS McGregor now holds every national single and doubles paddling title after having won a clean sweep of surfski, flatwater marathon and river marathon titles in the calendar year. He goes into the World Marathon Championships in two weeks’ time in prime form. “We were more than happy to run Cradock Weir. It’s a 50/50 shot and we didn’t need to shoot it at that stage of the race,” said Pitchford, who is currently leading the women’s standings on the International Canoe Federation’s world tour.last_img read more

Bearish corn, bullish soybeans

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Doug Tenney, Leist MercantileToday’s USDA WASDE report will be closely watched to see what direction grains will take. A surprise from USDA could easily be in the numbers today. Many are expecting a friendly report, especially since the grain stocks report September 30 was bullish for both corn and soybeans. Acres for corn and soybeans could also be changed.Today’s USDA report had corn production at 13.779 billion bushels, yield of 168.4, and ending stocks at 1.929 billion bushels. Soybean production was 3.550 billion bushels, yield was 46.9, and ending stocks of 180 million bushels.Corn production lowered, yield up .2 bushels, ethanol lowered 50 million bushels, exports down 150 million bushels, and ending stocks down 261 million bushels. Soybean production lowered, yield down 1 bushel, crush up 5 million bushels, ending stocks down 180 million bushels. Corn acres lowered 100,000 acres, soybean acres down 200,000.Shortly after the report release, corn was down 9 cents, soybeans were up 8 cents, and wheat was down 2 cents. Prior to the noon report, corn was down 3 cents, soybeans up 1 cent, and wheat up 1 cent.Keep in mind that if corn production, yield, and ending stocks are reduced, it could mean little as corn export demand is poor. Some are suggesting corn exports could be cut as much as 200 million bushels.Supply bulls have seen recent price activity in their favor with the price gains following the September 30 Quarterly Grain Stocks Report. They are bulls because they think US corn acres are not accurate, corn stocks are less than expected, and yields are often struggling to be above average. The September Grain Stocks Report was bullish for corn with US inventory as of September 1st at 2.114 billion bushels, 314 million bushels below trader estimates. December CBOT corn closed at $3.88, up 16 ½ cents that day. Soybeans also had a surprise with US stocks at 913 million bushels, 69 million bushels below trader estimates, and closing up 23 cents.Those bulls also had unexpected recent weather developments this week provide higher corn and soybean prices. Ideas of snow coming into the Dakotas and Minnesota the next few days with a possible blizzard as snow totals could reach 1-3 feet. This is a big price driver this week. Corn and soybeans in those states continue their summer’s long trend of behind normal maturity.It is easy to understand the frustration of corn price declines since mid-June when December CBOT reached $4.73 only to fall to $3.52 ¼ early in September. All have been anxious for months to see a better picture of corn acres and yields. The frustration could easily last into the January 2020 final report for corn and soybeans acres and yields for crop year 2019. Why? Many have suggested we need to see corn harvest climb above 60% to get a much better picture for US corn yields. Follow the math.This week’s Crop Condition Report had the US corn harvest at 15% with the thirty year average at 29% for this week. The thirty-year average harvest progress reaches the 66% level the last week of October and 52% the third week of October. For months many field reports indicate corn and soybean maturity is two weeks behind normal. Using this analysis indicates 60% of harvest may not be achieved until mid-November. It means even the November 8th monthly WASDE report will not have harvest above 60%. Thousands of samples and field surveys are collected the first few days of November prior to report day.Trader estimates had corn production at 13.684 billion bushels, last month USDA was 13.799 billion bushels. They estimated corn yield at 167.5, last month USDA had a corn yield of 168.2. Corn ending stocks they estimated 1.784 billion bushels, last month it was 2.19 billion bushels from USDA. Trader estimates for soybean production was 3.583 billion bushels, last month USDA was 3.633 billion bushels. They estimated the soybean yield at 47.3, last month yield by USDA was 47.9. Ending stocks were estimated at 521 million bushels, with USDA last month at 640 million bushels.last_img read more

Khan fears for McGregor in Mayweather bout

first_imgSEA Games: PH’s Alisson Perticheto tops ice skating short program Khan’s fears reflect wider misgivings by some in the boxing community who believe Saturday’s money-spinning superfight should never have been sanctioned on safety grounds.The head of the Association of Ringside Physicians, Larry Lovelace, is among those who believe Nevada should not have granted a licence to the fight.“We were very surprised this bout was even sanctioned and was going to be permitted to carry on,” Lovelace was quoted as saying by the New York Times.“The thing I really fear, truly fear, is that somebody’s going to get really hurt.”The Nevada State Athletic Commission, which sanctioned the fight, has a financial interest in the fight going ahead, earning a slice of the gross ticket receipts.ADVERTISEMENT Conor McGregor stands on stage during a weigh-in Friday, Aug. 25, 2017, in Las Vegas. McGregor is scheduled to fight Floyd Mayweather Jr. in a boxing bout Saturday. (AP Photo/John Locher)LAS VEGAS — British boxer Amir Khan fears Conor McGregor could face serious injury as the Irishman prepares to face Floyd Mayweather here Saturday.Former light-welterweight world champion Khan told the MMA Hour television show Friday he believed mixed martial arts star McGregor could be hurt in what he expects will be a one-sided meeting with Mayweather in Las Vegas.ADVERTISEMENT Don’t miss out on the latest news and information. Catriona Gray spends Thanksgiving by preparing meals for people with illnesses McGregor has never fought in a professional boxing contest and is a huge underdog against Mayweather, a 49-0 fighter regarded as one of the best boxers in history.“It’s like a tennis player trying to play badminton,” Khan said.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout“So he (McGregor) should not show too much too balls in this fight. If he starts getting a beating — step out man,” he added.“He needs to think about himself in this fight, because if he gets seriously injured, he might not ever be the same fighter or he might not even fight again.” Amir Khan claims Manny Pacquiao has agreed to Saudi Arabia bout PLAY LIST 01:05Amir Khan claims Manny Pacquiao has agreed to Saudi Arabia bout00:45Onyok Velasco see bright future for PH boxing in Olympics05:25PH boxing team determined to deliver gold medals for PH01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games View comments With the bout expected to bring in more than $60 million at the gate, the commission could earn as much as $1.2 million.But Bob Bennett, the executive director of the commission, hit back at suggestions of a conflict of interest.“As a regulator, I take offense to the fact that we’re approving this fight for fiduciary reasons,” Bennett said. “That’s totally unfair, and it’s simply not true.” SEA Games in Calabarzon safe, secure – Solcom chief WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding LOOK: Venues for 2019 SEA Games MOST READ Read Next LIST: Class, gov’t work suspensions during 30th SEA Games UPLB exempted from SEA Games class suspension Phoenix Suns guard Knight to miss season after knee op LATEST STORIES Brace for potentially devastating typhoon approaching PH – NDRRMClast_img read more

IPL 2011: Shane Warne retires from IPL, says won’t play after fourth edition

first_imgAustralian spin legend and Rajasthan Royals captain Shane Warne has announced his retirement from the Indian Premier League (IPL) at the end of the ongoing fourth season. Making his decision public, the 41-year-old cricketer wrote on his Twitter page: “Yes this is my last year playing IPL – please come down and support RR last 2 home games v Chennai & Bangalore! We need your help!” Warne, who quit Tests in 2007 and ODIs in 2005, however said he might continue his association with the IPL team as coach or advisor from the next season. He bid adieu to international cricket after leading the Aussies to a 5-0 whitewash in the 2007 Ashes series. “Next year who knows what or if I will be involved in IPL re mentor/coaching- am focused on doing best for RR,” he tweeted. Warne, who led the Royals to a historic title triumph in the inaugural season said he was hopeful of bidding a winning goodbye to the cash-rich Twenty-20 league. The world’s best leg spinner led the team across the four seasons helping the franchise emerge as a frontrunner in the IPL. With 55 wickets, Warne has played a huge role in Royals’ success show in the league so far. In the current season, he has claimed 11 wickets so far running sixth in the race for the coveted purple cap. His team stands fourth in the points table.last_img read more