Westmoreland Coal files for bankruptcy FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Westmoreland Coal Co. filed for Chapter 11 bankruptcy protection on Oct. 9 after years of attempting to deliver its balance sheet.Westmoreland entered into a restructuring support agreement with an ad hoc group of lenders that hold about 76.1% of the company’s term loan, 57.9% of its senior secured notes and 79.1% of its bridge loan, according to a company release. The company’s U.S. and Canadian operations are “cash flow positive.” Given its operations’ liquidity and its Debtor-In-Possession financing, Westmoreland anticipates continuing to operate its mines as normal without affecting output levels or reducing staff.Under its restructuring support agreement, “Westmoreland launched a business transformation aimed at significantly increasing cash flow for all operational and support areas of the business,” according to the release.The coal producer, which has focused on a mine-to-mouth strategy some thought immune to the problems affecting the rest of the coal industry, had been working to downplay the possibilities of a bankruptcy since its former CEO Kevin Paprzycki stepped down in November 2017.On April 2, Westmoreland notified investors that it may seek Chapter 11 bankruptcy protection or be subject to involuntary petition for bankruptcy and that its auditors have expressed “substantial doubt” about the company’s ability to continue as a going concern.The Nasdaq Stock Exchange halted trading of the company’s shares in late April after its share price and market value fell below listing thresholds for more than 30 days.More ($): Westmoreland Coal files for Chapter 11 bankruptcy protection
Photo from Getty Images This Saturday, Great Smoky Mountain National Park will begin a phased reopening when many roads and trails open to visitors once again. “The health and safety of employees, partners, volunteers, visitors, and local residents remains the highest priority in park reopening decisions,” the park said in a press release. Outdoor Revival, a new podcast created by “seasoned outdoor industry professionals,” aims to help anyone and everyone who loves the outdoors better understand how they can safely and responsibly recreate during the pandemic, their website says. The park will implement new safety measures to help prevent the spread of COVID-19. Campgrounds, picnic pavilions, visitor centers and many secondary roads will remain closed during the first reopening phase. Park officials ask the public to follow health orders, avoid crowding, practice Leave No Trace principles and avoid high-risk outdoor activities. “Even though we are a band of seasoned outdoor professionals, we could not make sense of all the information and mis-information we were getting from the mainstream media,” the podcast creators said on their website. “So we decided to take it upon ourselves to seek out the top figures in the outdoor industry and create a resources for all who love the outdoors but want to keep themselves as well as everyone around them safe and healthy.” West Virginia anglers can fish for free through May 31 Great Smoky Mountain National Park to begin opening on Saturday The waiver applies only to fishing licenses but includes a waiver for trout and conservation stamps. All requirements for hunting licenses remain. Governor Jim Justice has announced that West Virginia residents can fish for free for another month. The requirement to possess a fishing license to fish in state-regulated waters has been waived for state residents through May 31, West Virginia Department of Natural Resources said in a press release. New podcast aims to help outdoor lovers during the pandemic
Happy Friday, Compliance Family!Advertisements are everywhere: in our physical mailboxes, our email spam folders, our social media feeds, the apps on our phones, EVERYWHERE. In this age of non-stop marketing and pushes to buy the best or newest products, some of our other priorities can get lost in the shuffle. Let’s take a moment to remember some of our fair lending obligations, which matter even before a credit application is received.To start, here is a refresher on some of the major fair lending laws. The Equal Credit Opportunity Act (ECOA) and its accompanying Regulation B generally prohibit discriminatory practices in lending. The provisions broadly apply to “any aspect of a credit transaction.” The Fair Housing Act (FHA) prohibits discrimination “in making available a [residential real estate related transaction]” based on a prohibited factor. NCUA’s nondiscrimination rule prohibits denial or discouragement of an application for a real estate related transaction based on any prohibited basis. There is a great deal of overlap in these regulations, as they all include race, color, religion, national origin, and sex as prohibited basis for making credit decisions. In short, lending fairly means treating members consistently from the very beginning of the lending transaction, including marketing. Keep in mind states have their own nondiscrimination laws that may govern more financial products or name other protected groups. Consult with local counsel to determine how these laws affect your credit union’s marketing strategies. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »
Categories: Letters to the Editor, OpinionAs we all know, a mass shooting at a school occurred again. What we hear is the same old drumbeat of banning some types of guns by the left vs. our Second Amendment rights by the right. If this debate continues, you can be sure nothing will be accomplished.What will work is to harden our schools like we do airports, ballparks, courthouses and other venues where large numbers of people gather. What is common to all of them is a limited point of entry, with metal detectors and guards. Our government buildings and the Smithsonian museums in our nation’s capital are secured in this manner with great success.We have 100,000 schools in our country, so it would be expensive to secure them all. But to do nothing at this point would be unacceptable. The good thing about this approach is that once the funding issues are resolved, the plan would sail through our legislative bodies.Ron BelliSchenectadyMore from The Daily Gazette:Schenectady man dies following Cutler Street dirt bike crashFoss: Should main downtown branch of the Schenectady County Public Library reopen?Schenectady High School senior class leaders look to salvage sense of normalcySchenectady department heads: Budget cutbacks would further stress already-stretched departmentsSchenectady NAACP calls for school layoff freeze, reinstatement of positions
The grant will be used to to support the engineering curriculum at Batesville High School.Batesville High School recently announced that it is the recipient of a $10,000 grant from Project Lead The Way (PLTW), the nation’s leading science, technology, engineering, and math (STEM) program. The grant was made possible by a generous donation from Bemis Company. Funds from the grant will support the enhancement of the PLTW engineering curriculum, including the purchase of materials and equipment that will be used in the hands-on, activity-, project-, and problem-based courses that are a distinguishing characteristic of PLTW’s curriculum.“The grant provides necessary funds to expand our Engineering curriculum beyond normal PLTW practices to further develop work readiness skills,” said Batesville High School Principal Andy Allen. “Mr. Hughes creates a student-centered learning environment that enables all students to develop necessary skills to enter the engineering field.”Batesville High School has offered PLTW’s Pathway To Engineering (PTE) program since 2008, a program in which students engage in open-ended problem solving, learn and apply the engineering design process, and build strong teamwork, communication, critical-thinking, and problem-solving skills. Throughout the PTE courses, students use the same industry-leading technology and software as the world’s top companies. In many cases, students have the opportunity to earn college credit, further setting them up for postsecondary and career success.The PLTW grant application process is highly competitive for schools. To receive a grant, schools go through a rigorous application process, which includes demonstrating that the school meets specific requirements and eligibility criteria to be awarded grant funds. The requirements include district and community support, teacher professional development, technology acquisitions, a program sustainability plan, and many other factors.“Project Lead The Way is committed to providing the highest quality STEM education to prepare today’s students for the global economy,” said PLTW President and CEO Vince Bertram. “We were pleased to receive so many quality grant applications, and we look forward to continuing our partnership with Batesville High School to prepare our nation’s next generation of innovators. Finally, we’d like to thank our generous industry partners who made this grant possible.”PLTW inspires and engages students in STEM learning through four programs which span from kindergarten through twelfth grade: PLTW Launch, designed for students in grades K-5; Gateway To Technology for middle school students; and Pathway To Engineering and Biomedical Sciences for high school students. Each program emphasizes the integration of core math and science topics with skills such as problem solving, critical thinking, and teamwork – the top in-demand skills identified by business and industry leaders for success in the global economy.
RelatedPosts Suarez agrees Atletico terms Barca president Bartomeu says he won’t go to war anymore with Messi Messi scores twice in Barca friendly Samuel Eto’o insists Lionel Messi is so important to Barcelona the club will need to change their name if the Argentine departs this summer.Messi and Eto’o played alongside each other at Camp Nou between 2004 and 2009, winning six major honours including the historic treble of the 2008/09 campaign. But Barcelona’s fortunes have taken a turn for the worse over the last 12 months, with two managers sacked and the club failing to win any silverware during a season capped by a humiliating 8-2 defeat to Bayern Munich.The downturn in form has led to speculation Messi could depart this summer, and Eto’o believes such an exit would leave Barcelona devoid of identity.“I love Messi like he was my own son, I want the best for him. Barcelona is Messi, and I think if Messi decides to leave, we’ll have to change the name of the club,” Eto’o told Argentine broadcaster TyCSports.“We are lucky in that at Barcelona, we have the best player in the world and of all-time, we have to do everything possible to ensure he finishes his career at Barcelona.”Tags: BarcelonaCamp NouLionel MessiSamuel Eto’o
10:55 a.m.The Euroleague says it is suspending all games indefinitely because of the coronavirus outbreak.Europe’s main club basketball competition says it made the decision because of “the increased risks for participants in games, the vast amount of traveling disruptions causing the impossibility to reach certain destinations, and the different recommendations by the health authorities.”The league was scheduled to hold regular-season games in Moscow, Istanbul, Madrid and Tel Aviv on Thursday.___ ___10:25 a.m.The hockey-like game of bandy has postponed its world championships in Russia because of the spreading coronavirus.The Swedish Bandy Association says the tournament, scheduled to be played from March 29-April 5 in Irkutsk, has been postponed until October.International Bandy Association president Boris Skrynnik says “we know that there are concerns in other countries when it comes to travel and spending time with larger groups.” The league says decisions on awarding titles, and promotion and relegation places, will be decided at a special meeting on Friday.The Swiss soccer leagues have been suspended through March, and Basel is unable to host a Europa League game next week against Eintracht Frankfurt.___10:05 a.m.After the NBA suspended its season, the Euroleague is considering doing the same. The under-15 world championships in Arkhangelsk, Russia, at the end of the month will also be played at a later date.___10:15 a.m.Denmark’s top soccer leagues are shutting down for at least two weeks because of the spreading coronavirus.The Danish league made the move a day after the national government announced a lockdown. The small Scandinavian country has 514 cases of people testing positive. 11 a.m.South Korea’s professional baseball league says it will postpone the start of its season to mid-April because of the coronavirus outbreak.The Korea Baseball Organization says it still hopes to maintain a 144-game regular-season schedule but will consider banning spectators from some games when risks of infections are high.The KBO had already canceled its preseason.___ The league says it is consulting with clubs about a suspension, something which its players are demanding.“Euroleague and the participating clubs cannot ask from players to put their health and that of their families at risk,” the Euroleague Players Association said.The players’ union asked for the season to be suspended “until health, safety and freedom of movement can be guaranteed.”___10 a.m. ___11:40 a.m.The Indian Premier League Twenty20 tournament could be staged without spectators after a government decree related to the coronavirus outbreak.Indian sports minister Kiren Rijuju told all national sports federations to ban spectators at all events, but events can go on if they “can’t be avoided.”The decision impacts the hugely popular IPL, due to start on March 29 and last seven weeks. Share This StoryFacebookTwitteremailPrintLinkedinRedditLONDON (AP) — The Latest on the coronavirus outbreak’s affect on sports around the globe (all times local):___Noon 11:15 a.m.Real Madrid says its soccer and basketball teams have been put in quarantine after a basketball play for the club tested positive for the coronavirus.The Spanish club says the soccer team was also affected because it shares training facilities with the basketball team.___11:05 a.m. Associated Press McLaren says it has withdrawn from the season-opening Australian Grand Prix in Melbourne after a team member tested positive for the coronavirus.The British-based team says the person was self-isolated as soon as they started to show symptoms and “will now enter a period of quarantine.”Team officials have taken the decision to pull out of Sunday’s race “based on a duty of care” for McLaren employees and the wider Formula One family.Qualifying was scheduled to start Friday.___ German broadcaster Sky says it will show some Bundesliga soccer games on a free channel after spectators were barred from the stadiums.Sky will show four league games simultaneously on Saturday on its non-subscription news channel in a “conference” format, with the broadcast switching between each game to show the key action.That includes Borussia Dortmund’s game against Schalke, which is one of Germany’s most heated rivalries.There will be a similar procedure for some second-division games.___ The Latest: Fencing tournaments around the world called off “We will look at exactly what this will mean for the running of the tournaments for the weeks to come,” said Danish league director Claus Thomsen, adding more information on what will happen with the postponed matches and the rest of the season will be announced later.___10:10 a.m.The Swiss hockey league has ended the season in the top two divisions before the playoffs because of the spreading coronavirus.The league’s decision comes less than two months before Switzerland is due to host the world championships in Zurich and Lausanne. The International Fencing Federation has postponed all international events for the next five weeks, including four Olympic qualifying tournaments.The FIE made the decision after the coronavirus outbreak was declared a pandemic, and the U.S. banned travelers from 26 European countries starting on Friday.The events postponed included the Africa, Asia, Europe and Americas qualifiers next month. Also off is the Anaheim Grand Prix in California starting on Friday, and the junior world championships in Salt Lake City next month.Four World Cups in saber and epee next week were also called off.“Full details regarding the rescheduling of competitions will be announced at a later date,” the FIE said. “Information regarding Olympic selection criteria will be made as schedules for the remainder of the season are finalized.” A four-race finals week in Cortina d’Ampezzo, Italy, was canceled last week by the International Ski Federation.“The health and welfare of the athletes and all other participants, as well as the general public are in the forefront and the priority of FIS and all stakeholders,” the governing body said Thursday.Kilde’s runner-up finish in what proved to be the season-ending race — a downhill last Saturday in Kvitfjell, Norway — lifted him to the overall title above French rival Alexis Pinturault.Pinturault also finished runner-up to Kristoffersen in giant slalom. Another Frenchman, Clement Noel, was runner-up to Kristoffersen for the season-long slalom title by only two points, 552-550.Kristoffersen had an outside chance of winning the overall title if the final two races had gone ahead. March 12, 2020 It’s not yet been determined how it will affect the one-day international series between India and South Africa which began on Thursday in Dharamsala. The second ODI is in Lucknow on Sunday, and the third ODI in Kolkata next Wednesday.Foreign players are expected to face difficulties in traveling to India as the government on Wednesday suspended all visas, barring categories such as diplomatic and employment-related, until April 15 in an attempt to prevent the spread of the coronavirus.Unless the government makes an exception, foreign cricketers will not be given business visas with which they travel to play the IPL.___11:30 a.m. ___9:55 a.m.The season-ending men’s World Cup ski races were canceled Thursday to prevent the spread of the coronavirus, giving Norwegian skier Aleksander Aamodt Kilde his first overall title.Giant slalom and slalom races were scheduled for this weekend in Kranjska Gora, near Slovenia’s border with Italy.The cancellations mean Henrik Kristoffersen, another Norwegian, becomes the season champion in both disciplines by tiny margins. The Juventus player who tested positive for the coronavirus says he’s “OK” and wants “to reassure everyone who is worrying about me.” Juventus announced late Wednesday that defender Daniele Rugani and “those who have had contact with him” are being isolated. It also said Rugani is not showing any symptoms of the disease.Rugani sent a post on Twitter overnight in Italian.“You’ll have read the news and that’s why I want to reassure everyone who is worrying about me. I’m OK. I want to remind everyone to respect the rules, because this virus doesn’t make distinctions! Let’s do it four ourselves, for those dear to us and for those around us,” he wrote.Rugani is the first player in the country’s top soccer division to test positive for the virus. Kilde succeeds Austrian great Marcel Hirscher, who won eight straight overall titles before retiring in the offseason.___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports 10:30 a.m.The International Basketball Federation says it is suspending all competitions indefinitely from Friday.FIBA says the decision was made “in order to protect the health and safety of players, coaches, officials and fans.”The suspension includes games in the Basketball Champions League, which is a rival competition to the better known Euroleague, and the second-tier FIBA Europe Cup. The Champions League is part-way through its playoffs.Men’s qualification for the Tokyo Olympics is expected to resume in June with a series of qualifying tournaments overseen by FIBA. Women’s qualifying has already concluded.
Partners in progress · Carlos García de Alba, general consul of Mexico in Los Angeles, spoke about the importance of the U.S.-Mexico relationship.Panelists discussed issues relevant to USC’s Mexican and Mexican American community at the second annual Mexicanos@USC mixer, which took place at Ronald Tutor Hall Tuesday evening. Hosted by the USC AEM Jóvenes chapter, which is also known as the Mexican Entrepreneur Association, and the LA Mexico-Innova’s Comité de Estudiantes y Jóvenes Emprendedores, the event aimed to promote a more cohesive community for students of Mexican heritage on campus.The speaker list included Carlos García de Alba, the General Consul of Mexico in Los Angeles; John O’Brien, the executive vice dean of the Viterbi School of Engineering; and Javier Martinez, a renowned Mexican businessman and the chairman of the board for AEM.García, the keynote speaker, was recently appointed to the position of Consul General after serving as Mexico’s Ambassador to Ireland. He began his speech by stressing the importance of the Mexico-U.S. relationship, especially during this election season. “Mexico and the Mexican community here in the USA are not the problem. We are a key part of the solution,” García said. In his speech, García highlighted the economic interdependence between Mexico and the United States. He noted that Mexico is the second largest export market for the United States, and that Hispanic Americans contribute a significant portion to the U.S. GDP. If undocumented immigrants were to leave the country, the GDP would drop 1.4 percent each year, according to García. “We are here to add, not subtract,” García said. García also expressed his plans to bring The Mexican Lecture series to USC, which will bring Mexican political leaders, artists, writers and sports figures to the University. He said that the speakers’ forum proposal already has support from USC President C.L. Max Nikias.García ended his speech by asserting the significance of young people in the world and active student leaders.“A bet on young people is always a good bet,” García said. O’Brien expressed his belief that, in order for USC to achieve its global mission, it needs to attract the best faculty staff and students from around the world. For his own part, O’Brien has made a concerted effort to change what engineers do, what they look like and where they come from. “As we become a more diverse school, we become a better school,” O’Brien said.Martinez urged Mexico to send more students to U.S. universities and colleges and noted that the numbers are far behind that of Asian countries, even though Mexico is a much closer neighbor. He said that a major problem for the Mexican community in the United States was that they have the numbers, but are not organized well enough to have a loud political voice. Like Consul General García, he said that he believed in the importance of young people. “The future belongs to you, not to us,” Martinez said to the students.
England have replaced Steven Finn with Time Bresnan and India will be fielding an unchanged XI.ENGLAND: AN Cook (capt), IR Bell, IJL Trott, JE Root, EJG Morgan, RS Bopara, JC Buttler (wk), TT Bresnan, SCJ Broad, JC Tredwell, JM AndersonINIDA: S Dhawan, RG Sharma, V Kohli, KD Karthik, SK Raina, MS Dhoni (capt & wk), RA Jadeja, R Ashwin, B Kumar, I Sharma, UT Yadav