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Monthly Archives: July 2017
SBM Offshore Has Agreed Heads of Terms for Settlement with a Majority Group of Primary Layer Insurers on Its Yme … – GlobeNewswire (press release)
Posted: July 17, 2017 at 4:27 am
July 17, 2017 02:02 ET | Source: SBM Offshore N.V.
SBM Offshore has agreed Heads of Terms for settlement with a 73.6% majority group of the US$500 million primary insurance layer for the settling of insurers' shares of SBM Offshore's insurance claim relating to the Yme project.
The final agreement, which remains subject to contract, is expected to be formalized in the coming weeks.
Pursuant to the settlement, SBM Offshore will receive a cash payment of c. US$247 million in full and final settlement of its claim against the settling insurers. Following reimbursement first of legal fees and other claim related expenses incurred to date, the balance of the settlement monies will be shared equally between SBM Offshore and Repsol in accordance with the terms of their Settlement Agreement of 11 March 2013 which concluded the Yme project.
SBM Offshore continues to pursue its claim against all remaining insurers including the two excess layers, the trial of which is scheduled to commence October 2018.
Further details of this agreement and the claim are confidential.
Corporate Profile
SBM Offshore N.V. is a listed holding company that is headquartered in Amsterdam. It holds direct and indirect interests in other companies that collectively with SBM Offshore N.V. form the SBM Offshore group ("the Company").
SBM Offshore provides floating production solutions to the offshore energy industry, over the full product life-cycle. The Company is market leading in leased floating production systems with multiple units currently in operation and has unrivalled operational experience in this field. The Company's main activities are the design, supply, installation, operation and the life extension of Floating Production, Storage and Offloading (FPSO) vessels. These are either owned and operated by SBM Offshore and leased to its clients or supplied on a turnkey sale basis.
As of December 31, 2016, Group companies employ approximately 4,750 people worldwide. Full time company employees totaling c. 4,250 are spread over five regional centers, ten operational shore bases and the offshore fleet of vessels. A further 500 are working for the joint ventures with several construction yards. For further information, please visit our website at http://www.sbmoffshore.com.
The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate entities. In this communication "SBM Offshore" is sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general, or where no useful purpose is served by identifying the particular company or companies.
The Management Board Amsterdam, the Netherlands, July 17, 2017
Note: dates in bold have changed as communicated in SBM Offshore's press release dated 10 July 2017
Disclaimer
This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of the Company's business to differ materially and adversely from the forward-looking statements. Certain such forward-looking statements can be identified by the use of forward- looking terminology such as "believes", "may", "will", "should", "would be", "expects" or "anticipates" or similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by discussions of strategy, plans, or intentions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this release as anticipated, believed, or expected. SBM Offshore NV does not intend, and does not assume any obligation, to update any industry information or forward-looking statements set forth in this release to reflect subsequent events or circumstances. Nothing in this press release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities.
SBMO Agreed Heads of Terms Settlement Yme: http://hugin.info/130754/R/2120620/807936.pdf
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Offshore investors – The Negotiator
Posted: at 4:27 am
A new register of beneficial owners of overseas companies owning UK property is set to have a major impact on offshore investors. In 2016 the Government announced its intention to introduce a publicly accessible register of the beneficial owners of overseas companies owning UK property or engaging in UK government procurement.
This register would be the first of its kind in the world. The UK has already taken significant steps towards corporate transparency with the introduction last year of the people with significant control register (PSC register), a central, publicly accessible register of those who control UK companies and limited liability partnerships (LLPs).
The new register would apply to existing property ownership as well as to future property acquisitions. Following on from the 2016 announcement, the Department for Business, Energy & Industrial Strategy (BEIS) has now published a call for evidence on the proposals and on the impact of the new policy.
The new register wouldapply to new and existingproperty ownership.
This is framed as a consultation on the design of the proposals, rather than an opportunity to revisit fundamental questions such as whether the register should be open and accessible to the public, or indeed whether the UK should have a register at all.
However, there are indications that the Government may be prepared to revisit its decision to introduce a public register, at least to some extent if investors and others can demonstrate that the new disclosure regime is likely to deter legitimate investment in the UK to an unacceptable degree.
The call for evidence can be found at https://www.gov.uk/government/uploads/ system/uploads/attachment_ datafile/606611/beneficial-ownershipregister- call-evidence.pdf.
UK property as an investment proposition for overseas investors has been affected already by the increased taxation through SDLT, ATED, Capital Gains, tax on development profit and Inheritance Tax. These additional proposals will mean that any benefit from confidentiality of ownership will be removed.
Samantha Hook is a Partner in Howard Kennedys Real Estate team. She acts for investors owning property around the world. email: samantha.hook@howardkennedy.com. http://www.howardkennedy.com.
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A Hero of the High Seas – The Citizen (press release)
Posted: at 4:26 am
Just last month, we lost the naval war hero of 1971. A recipient of the Vir Chakra, Cdr. B. N. Kavina had led the attack on Karachi during the 1971 India-Pakistan war. He died on 30 June 2017 in Adelaide (Australia). Cdr Kavina was 80 years old and lived there with his son Karl. He is considered as one of the chief architects of the daring attack.
Sadly, such stories hardly make it to the news and remain a ticker and newsworthy pieces that bespeak of communalism/hatred/breaking-news make it on prime time and get more coverage!
The daring operation that Cdr. Kavina is famous for, code named Operation Trident was executed by the 25th missile squadron comprising naval ships Nipat, Nirghat and Veer of the Indian Navy. At that time, Lt Cdr. Kavina was the commanding officer of INS Nipat, a Vidyut-class missile boat. Apart from INS Nipat, the squadron comprised INS Nirghat and INS Veer each armed with four SS-N-2B Styx anti-ship missiles.
The Nirghat fired two missiles and sank the Pakistan Navy destroyer Khaibar. The missile boat Nipat also fired two missiles and sank the merchant ship Venus Challenger. The third boat Veer engaged with the Pakistan Navys coastal minesweeper Muhafiz, firing one missile and sinking it successfully.
The story did not end there. Lt Cdr Kavina then took the Nipat within 25km of the shore, firing a Styx at the Keamari oil terminal setting off a spectacular blaze. This set the stage for the second missile attack on Karachi after which, the Pakistani fleet did not venture out to the sea during the rest of the war, rendering full control of the sea to the Indian Navy.
This brings us to understand the exact reason why Navy Day is celebrated. It is observed annually on December 4 to celebrate the magnificence, achievements and role of the naval force of the country. The Indian Navy is one of most potent maritime forces in the world and the most lethal in the Indian Ocean.
The observance of the day commemorates the launch of Operation Trident by the Indian Navy against Pakistan on 4th December, 1971. During the 1971 India-Pakistan war, the Indian Navy had played a significant role in the bombing of the Karachi harbour, the stronghold of the Pakistani Navy. In this attack, Indian Navy sank four Pakistani vessels and ravaged the Karachi harbour fuel fields. In this operation, the three missile boats had played a pivotal role. Operation Trident had also resulted in first use of anti-ship missiles in the Arabian Sea region.
The Indian Air Force had been carrying out reconnaissance flights over West Pakistan during December 1971, along the 2,430-km border. In a bid to frustrate such plans, Pakistan launched pre-emptive air strikes on Indian bases nicknamed Operation Chengiz Khan on the evening of December 3, 1971. Indian air bases at Amritsar, Agra, Srinagar, Pathankot, Jodhpur, Ambala, etc. were bombed. This led India directly into attacking the western wing which it wanted from the day the crisis in East Pakistan had begun.
India retaliated immediately and from the night itself bombed Pakistan airfields and vital installations. The Indo-Pakistan war of 1971 had begun. Pakistan was now engaged on two fronts. While Indian air force attacked Pakistani installations every day, the Indian navy launched an attack on the Karachi port the lifeline of Pakistan. On the night of December 4 and 5, Operation Trident caused major damage.
Pakistan Navy suffered another loss when its submarine PNS Ghazi sank in the Bay of Bengal, where India had enforced a naval blockade of East Pakistan. Here Indias only aircraft carrier INS Vikrant was deployed not only to carry out a naval blockade of Bay of Bengal but to undertake air attacks inside East Pakistan. This also made East Pakistan navy ineffective. India too suffered a loss of a frigate INS Khukri near Karachi on December 9.
After the first round of air force and naval attacks on Karachi on December 4, India wanted to cripple Pakistan by blocking the Karachi seaport. Pakistan Navy retaliated by bombing Okha harbour in Gujarat and its fuel reserves, but three days later the Indian navy undertook another operation against Karachi titled Operation Python on the night of December 8 and 9, and sank three merchant navy ships but the loss of oil reserves at the port was severe. All 22 fuel tanks were ablaze for three days.
After December 8, Karachi seaport virtually stopped operating. Trade stood still. Besides the damage caused to the naval facilities at Karachi harbour, the attacks caused serious damage to civilian life and material. The naval and air attacks on Karachi continued till there was a ceasefire after Dhaka fell.
After the December 3 situation, the Indian air force bombed the air bases in Punjab and Kashmir and the infantry pushed through Sindh, Punjab and Kashmir. Here the Indian army stayed till the final withdrawal truce. As the war had flared up, world leaders regained new efforts for considering ways to stop it and bring the parties to the negotiating table.
The Indo-Pakistani war of 1971 was one of the shortest yet one of the important wars in the history of the two countries. During the war, apart from Indian Army and Indian Air Force, the Indian Navy played a huge role in making the Pakistanis surrender.
These attacks on Karachi not only destroyed the Pakistani oil reserves, but also destroyed the refinery thereby depriving Pakistan of the ability to process more oil. This in-turn resulted in a severe shortage of petrol, diesel and aviation fuel, reducing Pakistan's ability to sustain the war effort against India. This was the main reason why the war was so short and the surrender of Pakistani forces was achieved with relative ease. They did not have sufficient fuel for their ships, aircraft and vehicles including tanks to sustain the war effort!
Planned under the leadership of Admiral Sardarilal Mathradas Nanda and masterminded by then Fleet Operations Officer of the Navy Gulab Mohanlal Hiranandani, Operation Trident is referred to as one of the most audacious naval attempts the world has ever witnessed.
In conversation with Capt. Samir Kohli, CEO The Erring Human, this is what he had to say, As far as I am concerned, this is the story of excellent planning and a flawless execution against all odds. The missile boats of operation Trident are extremely tiny boats that neither have the fuel nor sufficient water or sea keeping quality to make the passage from Mumbai to Karachi.
They were therefore towed there, with the crew subject to severe water and food rationing while vomiting their guts out due to heavy roll and pitch experienced in high seas. The pin drop precision with which this attack was accomplished takes on a very different meaning in the light of these conditions which are not known to many who have never ventured out at sea. This is the story which motivated me to join the Navy.
Of course, the heroes of this operation had long retired and gone by the time I was old enough to join, but that did not come in the way of their bravery inspiring me and keeping me motivated to deliver my best when I faced similar conditions at sea. My chance to meet my heroes came several years later. First was a chance encounter at a gas station in Coonoor near Ooty, with the great Late Field Marshall Sam Manekshaw, where after staring at him for some time, I drew up the courage to walk up to him!
I was too much in awe to be in his presence and words failed me then. Several years later, after my retirement, came another chance encounter at the airport with Late Cdr. Kavina and the unforgettable 5 or 7 minutes of time to exchange greetings and to convey my respects to the man who had changed the course of my life!
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Scottish island famed for 1960 lighthouse murder case on market – The Scotsman
Posted: at 4:25 am
06:00 Monday 17 July 2017
A Scottish island which became famous for a high-profile murder case more than 50 years ago has been put up for sale.
Little Ross, off the coast of Dumfries and Galloway, has been put on the market for 325,000 by its current owners around the same price as a two-bedroom flat in Edinburgh city centre.
The 29-acre island is home to a 19th-century, fully automated lighthouse tower and gained national media attention in August 1960 when two visitors discovered the body of interim keeper Hugh Clark.
Robert Dickson, another relief keeper, was initially sentenced to hang for the murder, however his punishment was later downgraded to life imprisonment.
The listing includes a six-bedroom, B-listed cottage and courtyard, but the lighthouse tower is not part of the deal.
The tower, designed by Alan Stevenson, was built in 1843 to close the gap between other lighthouses at the Mull of Galloway and Southerness and remained manned until the infamous murder over a century later.
It is now owned and managed by the Commissioners for Northern Lighthouses who make regular maintenance visits to the property throughout the year. The listing also includes three B-listed, ruinous barns and is completely off-grid with power drawn from solar panels and a small wind turbine.
However potential owners will only be able to access the island via private boat or helicopter.
David Corrie, senior associate at Castle Douglas property firm Galbraith said Little Ross offered fantastic development potential.
He added: With a bit of TLC, the properties on the island could be turned into something truly stunning, with Little Ross Island once again being the perfect island retreat for future generations to enjoy.
Private islands rarely come up for sale at an affordable price and particularly one with a habitable house and additional properties.
Given the exciting prospect Little Ross Island presents, we expect a lot of interest from all over the UK as well as abroad.
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Scottish island famed for 1960 lighthouse murder case on market - The Scotsman
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Opinion: Riverview Village aims to improve quality of life for mentally ill – Vancouver Sun
Posted: at 4:25 am
Historic calendar photo of Riverview Hospital. It opened in 1913 and at one time had 4,500 patients and 2,200 staff. Vancouver Sun
We fret about the future of the Riverview lands as if they were an idyllic place fixed in time, where any change to the way we use the lands, or any imaginative idea for them, is hard to countenance.
We should instead ask ourselves how the lands can best be used to help those who suffer from serious mental illness the historical legacy of Riverview and take it from there.
With that as our imperative, were proposing, as the backbone of the lands, an intentional community in which those with serious mental illness, stabilized in acute and tertiary care, will live together with others without a mental illness in an integrated community purpose-built to help the seriously mentally ill flourish.
Weve named the proposed community Riverview Village. Its a new and innovative option for the future.
A little bit of clinical background will help to understand the rationale, because the introduction of antipsychotics for those with schizophrenia has changed the paradigm from the days of the old Riverview Hospital.
Before antipsychotics, there was no satisfactory treatment for psychosis, with its delusions, hallucinations, paranoia, and related symptoms like catatonia. Antipsychotics deal with these symptoms and in most cases stabilize people, after which they can be discharged from hospital. Its why we no longer need a huge, institutional treatment complex on the Riverview lands, with a correspondingly huge number of patients and staff.
What happens after discharge, though? Antipsychotics dont help reintegrate people into society or expand their horizons. And, indeed, theres a whole other range of symptoms, ongoing chronic symptoms, that for many of those with schizophrenia pose great difficulty. Profound loss of motivation often accompanies such illness (avolition its called, in clinical language). Poor social interactions are another difficulty, exacerbated for many by their having fallen ill in their late teens when social skills are usually developed.
Dampened feelings and responsiveness, trouble with rhythm and clarity of speech, slowed movement, and cognitive deficit can be other difficulties.
These problems do not respond well to existing treatments. Unlike antipsychotics for psychotic symptoms, for example, theres currently no effective medication for them. Also, unlike acute-care treatment which is relatively brief, these challenges may last for the rest of peoples lives. Many people end up isolated and languish, with limited activities and seemingly bleak futures. They are said to be in the community, which sounds nice, but theyre not of the community. As long as they dont cause trouble, we may in fact not have any contact with them at all.
The intentional community were proposing both recognizes and addresses this new paradigm, where antipsychotics allow for deinstitutionalization but continuing chronic symptoms endure.
In the proposed community, those with a mental illness will establish real relationships with those without a mental illness, breaking their isolation. A community centre will anchor the village and a wide range of activities. Meaningful work will be arranged for those who can manage it. An arts hub is proposed, with studios and retail shops, whereby the mentally ill can connect with artists and craftspeople, and where those with an aptitude become part of that artistic community and sell their work. Community facilitators will help bring people together and keep the community vibrant.
Most of all, Riverview Village will give those with serious mental illness a true sense of belonging. It will bring the strength of community to bear, something already demonstrated in existing intentional communities with therapeutic objectives.
There will be critical clinical benefits as well from this community engagement and support. Relapses going through the revolving door in and out of acute care or the justice system will be reduced, with economic savings as a bonus. Acute and tertiary beds will be freed up, and also freed up by the increased access to housing.
Keep in mind what the goal is here: to help those with serious and persistent mental illness contend with their residual chronic symptoms and achieve a better quality of life.
Make no mistake, either, about how challenging those difficulties are and the degree of attention we should give to them. Even if theyre not dramatic and intrusive like psychosis, theyre every bit as serious in their own way. Dawn Velligan and Larry Alphs, two American specialists on the subject, remind us, in a clinical article in the Psychiatric Times, it may be that the negative (chronic, enduring) symptoms of schizophrenia contribute more to poor functional outcomes and quality of life for individuals with schizophrenia than do (psychotic) symptoms.
This is where the Riverview lands offer a unique possibility a community that those with a serious mental illness will be able to consider their own and where they will have the best chance to flourish.
Herschel Hardin is president of the Riverview Village Intentional Community Society.
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Opinion: Riverview Village aims to improve quality of life for mentally ill - Vancouver Sun
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Women still carry most of the world’s water – San Francisco Chronicle
Posted: at 4:25 am
(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.)
Bethany Caruso, Emory University
(THE CONVERSATION) Imagine going through your day without access to clean, safe water in your home for drinking, cooking, washing or bathing whenever you need it. According to a new report from UNICEF and the World Health Organization, 2.1 billion people around the world face that challenge every day. And the task of providing water for households falls disproportionately to women and girls, especially in rural areas.
Water, a human right, is critical for human survival and development. A sufficient supply of biologically and chemically safe water is necessary for drinking and personal hygiene to prevent diarrheal diseases, trachoma, intestinal worm infections, stunted growth among children and numerous other deleterious outcomes from chemical contaminants like arsenic and lead.
I have carried out research in India, Bolivia and Kenya on the water and sanitation challenges that women and girls confront and how these experiences influence their lives. In my field work I have seen adolescent girls, pregnant women and mothers with small children carrying water. Through interviews, I have learned of the hardships they face when carrying out this obligatory task.
An insufficient supply of safe and accessible water poses extra risks and challenges for women and girls. Without recognizing the uneven burden of water work that women bear, well-intentioned programs to bring water to places in need will continue to fail to meet their goals.
Collecting water takes time. Simply to get water for drinking, bathing, cooking and other household needs, millions of women and girls spend hours every day traveling to water sources, waiting in line and carrying heavy loads often several times a day.
The new UNICEF/WHO report states that 263 million people worldwide have access to water sources that are considered safe, but need to spend at least 30 minutes walking or queuing to collect their water. Another 159 million get their water from surface sources that are considered to be the most unsafe, such as rivers, streams and ponds. Water from these sources is even more likely to require over 30 minutes to collect.
In a study of 25 countries in sub-Saharan Africa, UNICEF estimated that women there spent 16 million hours collecting water each day. Women in a recent study in Kenya reported spending an average of 4.5 hours fetching water per week, causing 77 percent to worry about their safety while fetching and preventing 24 percent from caring for their children.
When children or other family members get sick from consuming poor-quality water, which can happen even if the water is initially clean when collected, women spend their time providing care. These responsibilities represent lost opportunities for womens employment, education, leisure or sleep.
Water is heavy. The World Health Organization recommends 20-50 liters of water per person per day for drinking, cooking and washing. That amounts to hauling between 44 and 110 pounds of water daily for use by each household member.
And in many places, water sources are far from homes. In Asia and Africa, women walk an average of 6 kilometers (3.7 miles) per day collecting water. Carrying such loads over long distances can result in strained backs, shoulders and necks, and other injuries if women have to walk over uneven and steep terrain or on busy roads.
The burden is even heavier for women who are pregnant or are also carrying small children. Moreover, pregnant women worry that transporting these heavy loads will lead to early labor or even miscarriage.
Even when a household or village has access to a safe water source close to home, residents may not use it if they believe the water is inferior in some way. As one woman told my research team in India:
"
Tube well water quality is not good water is saline. Cooking is not good due to this water. Not good for drinking either. People are getting water from that neighbouring village. for cooking we get water from the river.
In this community, the neighboring village was at least a kilometer away.
Fetching water can also be very dangerous for women and girls. They can face conflict at water points and the risk of physical or sexual assault. Many of these dangers also arise when women do not have access to safe, clean and private toilets or latrines for urinating, defecating and managing menstruation.
Global demand for water is increasing. The United Nations forecasts that if current water use patterns do not change, world demand will exceed supply by 40 percent by 2030. In such a scenario, it is hard to imagine that womens and girls experiences will improve without intentional efforts.
When communities initiate programs to improve access to water, it is critical to ask women about their needs and experiences. Although women and girls play key roles in obtaining and managing water globally, they are rarely offered roles in water improvement programs or on local water committees. They need to be included as a right and as a practical matter. Numerous water projects in developing countries have failed because they did not include women.
And women should play meaningful roles. A study in northern Kenya found that although women served on local water management committees, conflict with men at water points persisted because the women often were not invited to meetings or were not allowed to speak.
Women who raise their voices about water concerns need to be heard. In Flint, Michigan, women were critical to revealingthe citys water crisis and continue to push for changes.
We also need broader strategies to reduce gender disparities in water access. First we need to collect more data on womens water burden and how it affects their their health, well-being and personal development. Second, women must be involved in creating and managing targeted programs to mitigate these risks. Third, these programs should be evaluated to determine whether they are truly improving womens lives. And finally, social messaging affirming the idea that water work belongs only to women must be abandoned.
UN Secretary-General Ban Ki-moon has called empowerment of the worlds women a global imperative. To attain that goal, we must reduce the weight of water on womens shoulders.
Editors note: This is an updated version of an article originally published on March 22, 2016.
This article was originally published on The Conversation. Read the original article here: http://theconversation.com/women-still-carry-most-of-the-worlds-water-81054.
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Women still carry most of the world's water - San Francisco Chronicle
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Study: Virginia’s Gateway Region among best in the nation – News … – Jackson County Newspapers
Posted: at 4:25 am
Group far surpasses economic development goal
CHESTERFIELD A 10-year evaluation of Virginia's Gateway Region has found that the economic development group is among the best in the nation.
Sustained Impact of Boston, Massachusetts, an independent evaluator fully funded by the Cameron Foundation recently completed the study. The in-depth study was conducted to thoroughly examine the VGRs practices and procedures and construct a benchmark of the organizations effects on economic development compared to other economic development groups across the nation.
The study stated that the VRG had undergone dramatic transformation over the past decade effectively becoming a global outreach vehicle for the region. The International Economic Development Council, the largest global non-profit membership organization of its kind based out of Washington, D.C., has developed the most widely accepted standard of best practice guidelines for the industry. The Sustained Impact study determined that the VGR has utilized many of these practices.
The results of the study were presented to the public at a luncheon held at the John Tyler Community College in Chester. There it was reported that the independent group had thoroughly analyzed material generated from the VRG including publications, in-house tracking metrics and articles along with reviewing various articles pertaining to the VGR. In addition, Sustained Impact also conducted interviews with VGR representatives as well as hosting consultations with economic development, workforce development and community development experts, reviewed professional publications specific to economic development in an effort to compare VGRs efforts and performance to the industry nationwide.
The VGR reported 10,785 jobs were created in new and existing businesses; a number substantially higher than its 2,200 job creation target. Victor Branch, VGR Chairman and Richmond Market President of Bank of America said, This report verifies that VGRs practices, activities and results are among the best in the nation as benchmarked against three nationally-recognized regional economic development organizations. The intensive review of the organizations major investments from The Cameron Foundation, communities and private stakeholders has been in essence a game changer for the region and the organizational use of those funds was in line with other successful programs around the nation.
The three nationally-recognized regional economic development organizations Branch referred to were selected by Sustained Impact from similar markets in Virginia and North Carolina. The study also concluded that the VGR had reported more announcements, job creations and capital investments from 2014 through 2015 than any of the other economic development organizations reviewed. And the VGR had done so with a noticeably smaller budget and fewer employees; reinforcing the findings of the VGRs efficiency and effectiveness in regional economic development.
I would like to thank the Cameron Foundation for funding this study and for their long-term support of the organization. This is a unique opportunity that validates the commitment of our Board of Directors and our communities to our business climate and the support we must provide to our business base in our region said VGR President and CEO Renee Chapline. This report provides us with a sturdy business case proving that our work is intentional, effective, and most importantly, that what we do for our eight communities truly matters.
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Study: Virginia's Gateway Region among best in the nation - News ... - Jackson County Newspapers
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Commentary by Prunty & Neubauer: Race, equality & inclusion – Journal Times
Posted: at 4:25 am
While the U.S. economy continues to recover from the Great Recession, there are things to celebrate, most notably the drop in unemployment. Unfortunately, the kind of gains seen by some groups in certain parts of the country are not experienced equitably by everyone. While the nation moves forward, a large percentage of the U.S. population continues to be left behind, including here in Racine County.
In 2015, the black unemployment rate in the City of Racine was 16 percent, twice the white unemployment rate of eight percent and the Hispanic unemployment rate was just over 13 percent. While unemployment rates declined in 2016, racial disparities have persisted over time. The infant mortality rate for all women in the City of Racine, regardless of race, is consistently higher than county, state and national rates. Though it has improved, the rate for black mothers still outpaces that of Hispanic and white mothers. Locally, graduation rates for black and Hispanic students attending Racine Unified schools have improved over time, but more work needs to be done.
This reality has consequences. It negatively impacts the education, health and financial stability of our community. Research tells us that inclusive communities where prosperity is shared equitably across racial and socioeconomic lines are more successful communities.
At United Way of Racine County, we determine everything we do from our initiative work to our funding decisions on available data, including what we hear from the community during our community conversations. What the data clearly demonstrates, and what we have heard, is that more often than not blacks and Hispanics experience some of our biggest economic and social challenges.
United Way works with an incredible group of community partners to build an educated workforce. We do this by focusing on what we consider to be the building blocks of a good life: education, income and health. Too often, quality access to these resources is out of reach for the black and Hispanic communities.
This is why United Way of Racine County, along with other United Ways throughout the nation, chose to focus much needed attention on the issues of race, equity and inclusion. United Ways have never shied away from tough issues. This is why we have held a number of community conversations with diverse groups of people during the past several months in order to hear the communitys thoughts on race and equity. These conversations are intentional, kitchen table-style discussions focused on capturing the concerns, aspirations and solutions related to these difficult issues.
Were also engaging another group of community partners including Higher Expectations for Racine County, the Johnson Foundation at Wingspread, the Racine Police Department and the Racine Unified School District, among others to help address the issues that arise from systemic racial disparities in our community.
Higher Expectations for Racine County was founded on a simple idea: those who care about our communitys future from parents and educators to civic leaders and local employers can accomplish more by working together, aligning efforts and sharing data.
Higher Expectations is working to build a fully capable and employed workforce here in Racine County. In order to accomplish that vision, we work from early childhood through post-secondary education and employment, with the goal of ensuring that every student regardless of race, zip code, age or family income can succeed.
This year, Higher Expectations in partnership with United Way of Racine County, the Racine Police Department, the Racine Unified School District and the Johnson Foundation, organized a local effort Race, Equity and Inclusion: A Leadership Program to Accelerate Results in Racine that brought 30 community leaders together to explore the complex challenges of race, equity and inclusion and develop action plans targeting the elimination of racial disparities from employment back through early childhood.
Together, United Way and Higher Expectations are learning more about how the community views these issues. People want to live in a community thats inclusive, safe and has a positive relationship between its citizens and law enforcement. They believe equal opportunity should exist for all races in the areas of education, jobs and housing, and participants would like to learn more about and work to directly and effectively address the racial and ethnic disparities in our community.
Later this month, Tiffany Jana will be the keynote speaker at United Ways Community Conversations Report Out event on July 25, where a report will be released sharing results from the most recent round of Community Conversations. Jana, co-author of Overcoming Bias: Building Authentic Relationships across Differences, will discuss her work in the area of diversity and inclusion management.
United Way of Racine County fights for the health, education and financial stability of every person in our community by forging partnerships with groups like Higher Expectations to mobilize the best resources, find new solutions to old problems and inspire individuals to join the fight against a common foe: our communitys most daunting social crises. To live better, we must Live United.
Rodney Prunty is the president of the United Way of Racine County. Jeff Neubauer is the executive director of Higher Expectations for Racine County.
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Commentary by Prunty & Neubauer: Race, equality & inclusion - Journal Times
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Astronaut Buzz Aldrin rolls out the red carpet for Mars – ABC News
Posted: at 4:24 am
Forty-eight years after he landed on the moon, Apollo 11 astronaut Buzz Aldrin rolled out a red carpet for the red planet at a star-studded gala at the Kennedy Space Center.
Aldrin, 87, commemorated the upcoming anniversary of the 1969 mission to the moon under a historic Saturn V rocket Saturday and raised more than $190,000 for his nonprofit space education foundation, ShareSpace Foundation. Aldrin believes people will be able to land on Mars by 2040, a goal NASA shares. The space agency is developing the Space Launch System and the Orion spacecraft to send Americans to deep space.
Apollo astronauts Walt Cunningham, Michael Collins and Harrison "Jack" Schmitt joined Aldrin, one of 12 people to walk on the moon, at the sold-out fundraiser.
"I like to think of myself as an innovative futurist," Aldrin told a crowd of nearly 400 people in the Apollo/Saturn V Center. "The programs we have right now are eating up every piece of the budget and it has to be reduced if we're ever going to get anywhere."
During the gala, the ShareSpace Foundation presented Jeff Bezos with the first Buzz Aldrin Space Innovation Award. Bezos, the founder of Amazon.com and the spaceflight company Blue Origin, is trying to bring the cost of space travel down by reusing rockets.
"We can have a trillion humans in the solar system. What's holding us back from making that next step is that space travel is just too darned expensive," Bezos said. "I'm taking my Amazon lottery winnings and dedicating it to (reusable rockets). I feel incredibly lucky to be able to do that."
The foundation also honored former NASA astronaut Mae Jemison, the first African-American woman to travel in space, with the Buzz Aldrin Space Pioneering Award.
"When Buzz says, 'Get your ass to Mars,' it's not just about the physical part of getting to Mars. It's also about that commitment to doing something big and audacious," Jemison told The Associated Press. "What we're doing looking forward is making sure that we use our place at the table."
Space memorabilia was auctioned at the gala, including an autographed first day insurance "cover" that fetched $42,500 and flew to the surface of the moon. Covers were set up by NASA because insurance companies were reluctant to offer life insurance to pioneers of the U.S. space program, according to the auction website. Money raised from their sale would have paid out to the astronauts' families in the event of their deaths. The covers were issued in limited numbers and canceled on the day of launch.
The gala is the first part of a three-year campaign leading up to the 50th anniversary of the moon landing to help fund advancements that will lead to the future habitation of Mars.
ShareSpace Foundation on Saturday announced a new nonprofit, the Buzz Aldrin Space Foundation, to create an educational path to Mars. During the past year, the foundation has gifted 100 giant maps of Mars to schools and continues to work with children to advance education in Science, Technology, Engineering, Arts and Math, or STEAM.
More on ShareSpace Foundation: https://sharespace.org
Follow Alex Sanz on Twitter: http://www.twitter.com/alexsanz
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Astronaut Buzz Aldrin rolls out the red carpet for Mars - ABC News
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What an artificial intelligence researcher fears about AI – Huron Daily … – Huron Daily Tribune
Posted: at 4:22 am
(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.)
Arend Hintze, Michigan State University
(THE CONVERSATION) As an artificial intelligence researcher, I often come across the idea that many people are afraid of what AI might bring. Its perhaps unsurprising, given both history and the entertainment industry, that we might be afraid of a cybernetic takeover that forces us to live locked away, Matrix-like, as some sort of human battery.
And yet it is hard for me to look up from the evolutionary computer models I use to develop AI, to think about how the innocent virtual creatures on my screen might become the monsters of the future. Might I become the destroyer of worlds, as Oppenheimer lamented after spearheading the construction of the first nuclear bomb?
I would take the fame, I suppose, but perhaps the critics are right. Maybe I shouldnt avoid asking: As an AI expert, what do I fear about artificial intelligence?
The HAL 9000 computer, dreamed up by science fiction author Arthur C. Clarke and brought to life by movie director Stanley Kubrick in 2001: A Space Odyssey, is a good example of a system that fails because of unintended consequences. In many complex systems the RMS Titanic, NASAs space shuttle, the Chernobyl nuclear power plant engineers layer many different components together. The designers may have known well how each element worked individually, but didnt know enough about how they all worked together.
That resulted in systems that could never be completely understood, and could fail in unpredictable ways. In each disaster sinking a ship, blowing up two shuttles and spreading radioactive contamination across Europe and Asia a set of relatively small failures combined together to create a catastrophe.
I can see how we could fall into the same trap in AI research. We look at the latest research from cognitive science, translate that into an algorithm and add it to an existing system. We try to engineer AI without understanding intelligence or cognition first.
Systems like IBMs Watson and Googles Alpha equip artificial neural networks with enormous computing power, and accomplish impressive feats. But if these machines make mistakes, they lose on Jeopardy! or dont defeat a Go master. These are not world-changing consequences; indeed, the worst that might happen to a regular person as a result is losing some money betting on their success.
But as AI designs get even more complex and computer processors even faster, their skills will improve. That will lead us to give them more responsibility, even as the risk of unintended consequences rises. We know that to err is human, so it is likely impossible for us to create a truly safe system.
Im not very concerned about unintended consequences in the types of AI I am developing, using an approach called neuroevolution. I create virtual environments and evolve digital creatures and their brains to solve increasingly complex tasks. The creatures performance is evaluated; those that perform the best are selected to reproduce, making the next generation. Over many generations these machine-creatures evolve cognitive abilities.
Right now we are taking baby steps to evolve machines that can do simple navigation tasks, make simple decisions, or remember a couple of bits. But soon we will evolve machines that can execute more complex tasks and have much better general intelligence. Ultimately we hope to create human-level intelligence.
Along the way, we will find and eliminate errors and problems through the process of evolution. With each generation, the machines get better at handling the errors that occurred in previous generations. That increases the chances that well find unintended consequences in simulation, which can be eliminated before they ever enter the real world.
Another possibility thats farther down the line is using evolution to influence the ethics of artificial intelligence systems. Its likely that human ethics and morals, such as trustworthiness and altruism, are a result of our evolution and factor in its continuation. We could set up our virtual environments to give evolutionary advantages to machines that demonstrate kindness, honesty and empathy. This might be a way to ensure that we develop more obedient servants or trustworthy companions and fewer ruthless killer robots.
While neuroevolution might reduce the likelihood of unintended consequences, it doesnt prevent misuse. But that is a moral question, not a scientific one. As a scientist, I must follow my obligation to the truth, reporting what I find in my experiments, whether I like the results or not. My focus is not on determining whether I like or approve of something; it matters only that I can unveil it.
Being a scientist doesnt absolve me of my humanity, though. I must, at some level, reconnect with my hopes and fears. As a moral and political being, I have to consider the potential implications of my work and its potential effects on society.
As researchers, and as a society, we have not yet come up with a clear idea of what we want AI to do or become. In part, of course, this is because we dont yet know what its capable of. But we do need to decide what the desired outcome of advanced AI is.
One big area people are paying attention to is employment. Robots are already doing physical work like welding car parts together. One day soon they may also do cognitive tasks we once thought were uniquely human. Self-driving cars could replace taxi drivers; self-flying planes could replace pilots.
Instead of getting medical aid in an emergency room staffed by potentially overtired doctors, patients could get an examination and diagnosis from an expert system with instant access to all medical knowledge ever collected and get surgery performed by a tireless robot with a perfectly steady hand. Legal advice could come from an all-knowing legal database; investment advice could come from a market-prediction system.
Perhaps one day, all human jobs will be done by machines. Even my own job could be done faster, by a large number of machines tirelessly researching how to make even smarter machines.
In our current society, automation pushes people out of jobs, making the people who own the machines richer and everyone else poorer. That is not a scientific issue; it is a political and socioeconomic problem that we as a society must solve. My research will not change that, though my political self together with the rest of humanity may be able to create circumstances in which AI becomes broadly beneficial instead of increasing the discrepancy between the one percent and the rest of us.
There is one last fear, embodied by HAL 9000, the Terminator and any number of other fictional superintelligences: If AI keeps improving until it surpasses human intelligence, will a superintelligence system (or more than one of them) find it no longer needs humans? How will we justify our existence in the face of a superintelligence that can do things humans could never do? Can we avoid being wiped off the face of the Earth by machines we helped create?
The key question in this scenario is: Why should a superintelligence keep us around?
I would argue that I am a good person who might have even helped to bring about the superintelligence itself. I would appeal to the compassion and empathy that the superintelligence has to keep me, a compassionate and empathetic person, alive. I would also argue that diversity has a value all in itself, and that the universe is so ridiculously large that humankinds existence in it probably doesnt matter at all.
But I do not speak for all humankind, and I find it hard to make a compelling argument for all of us. When I take a sharp look at us all together, there is a lot wrong: We hate each other. We wage war on each other. We do not distribute food, knowledge or medical aid equally. We pollute the planet. There are many good things in the world, but all the bad weakens our argument for being allowed to exist.
Fortunately, we need not justify our existence quite yet. We have some time somewhere between 50 and 250 years, depending on how fast AI develops. As a species we can come together and come up with a good answer for why a superintelligence shouldnt just wipe us out. But that will be hard: Saying we embrace diversity and actually doing it are two different things as are saying we want to save the planet and successfully doing so.
We all, individually and as a society, need to prepare for that nightmare scenario, using the time we have left to demonstrate why our creations should let us continue to exist. Or we can decide to believe that it will never happen, and stop worrying altogether. But regardless of the physical threats superintelligences may present, they also pose a political and economic danger. If we dont find a way to distribute our wealth better, we will have fueled capitalism with artificial intelligence laborers serving only very few who possess all the means of production.
This article was originally published on The Conversation. Read the original article here: http://theconversation.com/what-an-artificial-intelligence-researcher-fears-about-ai-78655.
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