ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Always a pleasure having Brett King on the program. His financial technology insight is greatly valued throughout the globe and we were lucky enough to have him on the show for a few minutes so we could pick his brain on today’s trends. But before we ventured into the latest FI trends, we discussed Brett’s new book: “Breaking Banks: The Innovators, Rogues, and Strategists Rebooting Banking” — which actually covers most of today’s trends.In the part 1 of our chat, Brett discusses why he wrote the book, a quick overview, and then we dive into one his book’s topics: “Neo-Banks.” Neo-Banks are generally online entities such as Simple (acquired by BBVA), King’s Moven, and others. The premise here is the possibility of neo-banks usurping today’s traditional financial institution. Brett’s delivers in his take here.Many thanks, again, for Brett being on the show — and stay tuned for part 2 when we take deeper dive into “Breaking Banks” on other FI topics such as Bitcoin, Lending 3.0, payments, branch transformation, and more. Enjoy!Visit:banking4tomorrow.comBreaking BanksKeynote at 2014 CUES Directors Conference continue reading »
… Read the whole story: NBC More of our Members in the Media > The commission turned to Staub to create a program for California’s police departments in an attempt to help not only heal the schism between the public and the police, but also encourage active intervention rather than bystanderism. Staub mapped his work looking at bystander passivity from World War II to modern day American policing, to try and prevent another King incident from happening again. “You have to shift the mindset, so officers realize that if they remain passive as bystanders, they are responsible for what their fellow officers do,” he told The New York Times in 1993. The paper called him an “activist research psychologist.” Staub’s focus on shifting policing in America began nearly 30 years ago, with the brutal beating of Rodney King by Los Angeles police officers in 1991. King’s treatment at the hands of police triggered mass protests. The city of Los Angeles put together a commission charged with “a full and fair examination of the structure and operation of the LAPD.” Known as the Christopher Commission, after attorney Warren Christopher (the very same who later became President Bill Clinton’s secretary of state), the commission found repetitive “use of excessive force,” among police. “We recommend a new standard of accountability,” they wrote.”Ugly incidents will not diminish until ranking officers know they will be held responsible for what happens in their sector, whether or not they personally participate.” In the 1990s, he traveled to Rwanda to help mediate discussions between the Hutu and the Tutsis, and mend the deep wounds of the country’s bloody civil war and genocide. After film director Theo van Gogh was assassinated in 2004 by a suspected Islamic terrorist in Amsterdam, the government of the Netherlands asked Staub to develop a program to improve Dutch-Muslim relations. And, for decades, Staub has focused part of his research on improving the fraught, often violent, relationship between America’s law enforcement and the public. Now, after the killing of George Floyd in police custody, Staub’s ideas are once again getting greater examination. Several cities are exploring training programs built upon Staub’s idea of ethical policing, and creating good actors out of passive bystanders. Staub survived the Nazis, then lived a decade under communism in Hungary. At 18, he fled to Vienna after the 1956 revolution, later earning his doctorate in psychology in the United States, with a focus on morality and mass violence. Staub, 82, a professor emeritus of psychology at the University of Massachusetts at Amherst, has spent decades not only studying violence, genocide and reconciliation around the world and back at home in the United States, but also actively working to thwart violence before it begins. He has written a shelf of books which peel away the scaffolding that allows mass atrocities, both past and present, how to heal after genocide, and the very important impact a bystander can make. But the program didn’t take off, and Staub says interest in formalizing his training program languished. Six years ago, Mary Howell, a civil rights lawyer from New Orleans, who had a long career advocating for victims of police brutality, turned to Staub’s ideas hoping they would help her own city. Ervin Staub has always known the difference a bystander could make. He was born in 1938, and by the time he was six, the Nazis were deporting 440,000 of his fellow Hungarian Jews to death camps. “We had gone through periods of intense crisis and reforms, which have failed in cycles,” Howell said, referring to the time before Staub. “It’s like domestic violence – a horrible thing happens, they [the police] come with flowers and candy to say ‘We’ll fix it,’ and then it happens again.” “There were important bystanders in my life who showed me that people don’t have to be passive in the face of evil,” he explained ahead of a conference at the Holocaust Center of Pittsburgh scheduled for September. A Christian woman risked her own life to shelter Staub and his younger sister. His father and other family members received protective identity papers from the Swedish diplomat Raoul Wallenberg, saving them from becoming one of the six million murdered Jews of Europe. Staub’s research has long asked the questions: how is evil committed by normal people and how can it arise from everyday life? To stop it, people must be turned from passive into active bystanders. Staub points to an interaction in Seattle back in May, where an officer forcibly removed the leg of another officer who had put his knee on a suspect’s neck during an arrest, as an example of how engaging these programs can minimize police harms against civilians.
Trevor Albert Musso, 80, of Montross, Virginia, passed away on May 27 at his home. He was an automotive aftermarket legend in his time. AdvertisementClick Here to Read MoreAdvertisementBeginning in 1959, Musso worked for British Auto Parts in San Francisco, then moved to Southern California where he was vice president of sales at Bap Geon, then CEO of Contemporary Marketing Concepts, his advertising agency, and vice president of sales for ITM Automotive in California. In 1989, Trevor moved to the East Coast and started Musso and Associates Inc., a rep firm marketing products for various U.S. automotive aftermarket companies until his retirement in 2012. The Auto International Association honored Musso as AIA Lifetime Industry Achiever in Las Vegas in 2001. He was most honored to have served in the U.S. Army (1956-1958). From his youth until just a few years ago, Trevor was an avid competitive and casual sailor.He is survived by his wife, Bettie Dale Clarke Musso; sons, Trevor A. Musso, Jr. of Farnham, VA; Michael Musso (Kristie) of Fountain Valley, CA; Paul Musso (Nell) of Huntington Beach, CA and Gregory Gruner (Terry) of Warsaw, VA. He is also survived by grandchildren, Jaime Sundby (Patrick), Cara Harris, Heidi Fifita (Steve), Lauren Anders (Allan), Katie Wurzell (Ryan), Brayden Clark and Liam Gruner, and 12 great grandchildren. Trevor is also survived by two brothers, Dwight Musso of California and Dean Musso, West Virginia. He was preceded in death by his parents, Vincent John and Ruth Trick Musso and two grandsons Baby Trevor and Michael George Musso II.AdvertisementA Celebration of Life will be held at 4 p.m., Friday, June 15, at Stratford Harbour Club House, 2675 N. Independence Drive, Montross, Virginia. Memorial contributions may be made to Wounded Warriors Project, P. O. Box 758517, Topeka, Kansas 66675 or St. Jude Children’s Hospital, 501 St. Jude Place, Memphis, TN 38105.
With the container volumes almost doubled since 2012, Canada’s Port Saint John will need a terminal upgrade to accommodate larger vessels in order to keep up with the competition, Jim Quinn, the port’s President and CEO said in a release.Earlier this month the port submitted a CAD 205 million (USD 164.8m) application to the Federal Government’s Building Canada Fund, National Infrastructure Component to modernize its container infrastructure on the west side of the Port over the next seven years. The proposed project is a planned three-way partnership with the Federal Government, Port Saint John, and the Provincial Government over a seven-year period.Located in New Brunswick, Port Saint John has attracted some of the world’s top container shipping lines in the past two years, including Mediterranean Shipping Company (MSC) and Tropical Shipping, to offer their clients weekly service to global markets through Saint John. Due these developments, more than 350 ports worldwide are now accessible through Port Saint John on a weekly basis.“We have doubled our container traffic, going from an average of 45,000 TEU’s in the past decade to almost 90,000 TEU’s in 2014, with projections to be over 100,000 TEU’s in 2015,” said Quinn. ”We also know that US ports are becoming more and more congested. Shippers and receivers are looking for Eastern options and with this upgrade we think Port Saint John and New Brunswick can be the solution.”
Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to building.co.ukBreaking industry news as it happensBreaking, daily and weekly e-newsletters Get your free guest access SIGN UP TODAY To continue enjoying Building.co.uk, sign up for free guest accessExisting subscriber? LOGIN Subscribe now for unlimited access Subscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our community
Get your free guest access SIGN UP TODAY Subscribe now for unlimited access To continue enjoying Building.co.uk, sign up for free guest accessExisting subscriber? LOGIN Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to building.co.ukBreaking industry news as it happensBreaking, daily and weekly e-newsletters Subscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our community
The Habtoor Leighton Group (HLG) has won a USD300 million contract for the construction of pipelines for two sections of Doha’s Mega Reservoir Corridor Main 1 (Packages A & B) for KAHRAMAA – Qatar’s General Electricity and Water Corporation.HLG will be responsible for the supply, installation, testing and commissioning of 120 km of 16 cm diameter ductile iron pipes and fittings. Works also include trench excavation, backfilling and construction of all valve chambers.http://www.hlgroup.com/en/news/media-centre/latest-news/hlg-awarded-qar109-billion-us300-million-pipelines-project-in-doha-qatar.htmlMaersk Oil awarded Technip two contracts for the Valdemar & Roar Gas Lift project as well as the Rolf Replacement Pipeline project, located on the Danish Continental Shelf. Technip’s operating centre in Oslo, Norway, will execute the project.http://www.technip.com/en/press/technip-awarded-two-subsea-contracts-maersk-oil-denmarkABB has completed the sale of Power-One’s Power Solutions business to Bel Fuse Inc. It divested Power Solutions because of few synergies with ABB’s other businesses. http://www.abb.com/cawp/seitp202/48a4abaeefc1d0bcc1257cfd00420f2f.aspxAlstom (49 percent) agreed a joint venture with Soyuz Holding (51 percent) to manufacture and commercialise high voltage switchgear as part of on-going efforts to modernise the Russian electrical grid.The deal includes the continued manufacture of 110-220 kV circuit breakers and also of the world’s first 500 kV circuit breakers that can operate at temperatures down to -60 °C. A wider range of products, including disconnectors and gas-insulated substations, will be produced at Soyuz’s High Voltage Switchgear Factory at Mozhaisk, near Moscow.http://www.alstom.com/en/press-centre/2014/6/alstom-contributes-to-modernise-russias-electrical-grid/Furthermore, the company ahs also secured a EUR250 million contract to modernise London Underground’s high voltage electrical systems.http://www.alstom.com/en/press-centre/2014/6/alstom-selected-for-250-million-london-underground-investment-work/A consortium composed of Alstom and QDVC has been awarded a contract by Qatar Railways Company (QRAIL) to supply a turnkey tramway system for a 4-line tram network in Lusail, Qatar.The 4-line network will cross the city covering a distance of 33 km, including 7 km underground and 37 stations. The system is expected to enter commercial service from 2018.Alstom’s share of the contract is around EUR750 million including options for 32 additional tramways.http://www.alstom.com/en/press-centre/2014/6/alstom-to-supply-the-first-turnkey-tramway-system-in-qatar/C.A.T. oil AG, a leading provider of oil and gas field services in Russia and Kazakhstan, has signed a framework agreement with Gazprom Neft on drilling and hydraulic fracturing services that guarantees full utilization of four new drilling rigs and one new fracturing fleet until end of 2016http://www.catoilag.com/upload/140624%20CAToil%20AG%20Press%20Release%20- 0.000000ramework%20Agreement 0azprom%20Neft_ENG.pdfFoster Wheeler reveled that a subsidiary of its Global Engineering and Construction Group has signed an EPCm services agreement with for the installation of replacement heat exchangers at its Teesport facility in northeast England.http://phx.corporate-ir.net/phoenix.zhtml?c=80422&p=irol-newsArticle&ID=1941661&highlight=The company has also been awarded a contract by Glencore Oil Projects AG for the engineering and material supply of a steam reformer heater for hydrogen production for the Orsknefteorgsyntez Refinery at Orsk, Russia.http://phx.corporate-ir.net/phoenix.zhtml?c=80422&p=irol-newsArticle&ID=1942072&highlight=Leighton Group and its partners in the Northwest Rapid Transit Consortium (NRT) have been selected by the New South Wales Government as preferred operator to deliver the operations, trains and systems (OTS) package for the North West Rail Link (NWRL) in Sydney.The NWRL is the first stage of Sydney Rapid Transit, Sydney’s brand new railway network. Working with the state government in an availability-based Public Private Partnership (PPP), NRT will procure rolling stock and design, build, finance, and then operate the NWRL’s 36km rapid transit train service for a 15 year period.http://www.leighton.com.au/__data/assets/pdf_file/0004/29452/240614_mr.pdfMitsubishi Heavy Industries Environmental & Chemical Engineering Co has received an order from the Otokuni Clean Plaza for modification work to improve core equipment at a municipal solid waste (MSW) incineration plant.https://www.mhi-global.com/news/story/1406241808.htmlSiemens has secured a deal from Bharat Heavy Electricals to supply gear units for coal-fired power plants in India.The Flender gear units from Siemens are deployed in vertical mills with an output of 800 and 1000 kW, which are used for coal grinding in the power plants.http://www.siemens.com/press/en/pressrelease/?press=/en/pressrelease/2014/industry/drive-technologies/i2014062213.htmCB&I has been awarded a five-year contract by Exelon Generation Company, LLC valued at approximately USD800 million for long-term maintenance, modification and construction services for five additional nuclear power units located in New York and Maryland.http://www.cbi.com/investor-relations/news-releasesIt has also secured a USD500 million contract from Indianapolis Power & Light Company for the EPC of a combined-cycle gas turbine power station near Martinsville, Indiana.http://www.cbi.com/investor-relations/news-releasesSiemens in a consortium with MMC Engineering Services Sdn Bhd (MMCES) of Malaysia has received an order from Petronas for the turnkey construction of the Pengerang Co-generation Plant (PCP) in Malaysia.Siemens will undertake the turnkey construction of the PCP, which comprises four co-generation units along with a long-term maintenance and services contract. Each unit comes with an H class gas turbine, a waste-heat recovery steam generator, a steam turbine, associated mechanical and electrical systems and the instrumentation and control system.http://www.siemens.com/press/en/pressrelease/?press=/en/pressrelease/2014/energy/power-generation/ep201406052.htm&content=EPKCA Deutag has been awarded a USD90 million contract by Russia’s Lukoil for the supply of two arctic cluster slider rigs in the northern republic of Komi. The first rig deployed is an existing rig from within KCA Deutag’s Russian operations and the second will be a new-build rig.http://www.kcadeutag.com/index.php?option=com_content&view=article&id=337&catid=17The board of directors of Alstom has unanimously recommended that its shareholders accept GE’s bid for the company, and reject a rival offer from Siemens and MHI.GE will acquire Alstom Power & Grid businesses for around USD17 billion and will establish three joint ventures: nuclear, renewables and grid. GE will sell its signaling division to Alstom for about USD825 million.http://www.alstom.com/en/press-centre/2014/6/alstom-board-of-directors-recommends-general-electrics-offer/http://www.alstom.com/en/press-centre/2014/6/16
The LR 11000 unit from Liebherr features a maximum hoist height of 220 m and a maximum radius of 184 m.In addition to the acquisition of the LR 11000 unit, six LTR 1060 telescopic crawler cranes, which feature a maximum lifting capacity of 60 tonnes, will be delivered in February 2019.Over the last two years, Weldex has extended its fleet with 23 crawler cranes from Liebherr, with lifting capacities ranging from 60 to 1,000 tonnes.www.liebherr.comwww.weldex.co.uk
A solicitor and football agent has agreed to pay a penalty of £2,000 after he was found to have knowingly employed a struck-off solicitor and failed to disclose a temporary suspension and fine placed on him by the Football Association.Alan Middleton, partner at Middletons Solicitors in Liverpool, was also ordered to pay £2,500 in costs, according to a settlement notice published by the Solicitors Regulation Authority.The SRA said Middleton had paid Charles Darnell, whom he knew had been struck off and jailed in 1997, without the SRA’s permission. In May 1997 Darnell received an 11-year prison sentence after being caught in a drugs sting.Middleton amitted that Darnell, through his company Philips Legal Services, had been paid £12,450 between 2009 and 2014. Darnell provided driving services for the firm but also worked on client files and provided litigation support.The SRA also said that Middleton failed to tell the regulator when he applied to renew his practising certificate in 2015 that he had been fined £30,000 by the Football Association earlier that year for breaking football agent regulations. The FA fine related to the transfer of footballer Calum Chambers from Southampton to Arsenal in 2014.Lastly, third party insurers had complained that Middleton’s firm had submitted claims for costs on behalf of clients in personal injury cases without justification. Middleton accepted that he had breached principles 2 and 6 SRA Principles 2011.In a statement the SRA said Middleton ‘understands and accepts’ that if any terms of this agreement are not complied or if he acts in any way inconsistent with the agreement then his conduct will be referred to the Solicitors Disciplinary Tribunal.
Solicitors have again warned on the importance of updating wills after a man’s estate was challenged by his young children – in an unusual case surrounding reasonable provision for infants.In Ubbi v Ubbi, the court awarded Bianca Maria Corrado £386,000 of the late Malkiat Singh Ubbi’s £3.5m estate. Carrado was appearing as a litigation friend on behalf of her children aged three and six months, who are named in the judgment. The judge, Master Karen Shuman, said there is ‘little specific guidance’ for claims made by infants, and that the case is likely to be used as future guidance for similar Inheritance Act claims in the future.Corrado had a long-term affair with Ubbi, who was described by Shuman as leading a ‘double life’. Ubbi, who was the father of the two claimants, was in the process of getting a divorce from his wife when he died in 2015. However, his will had not provided for the children, prompting Corrado to bring a claim under the Inheritance Act.Nazia Nawaz, senior associate at the will, trust and estates team at Irwin Mitchell Private Wealth, said it can be costly to let your will languish with outdated information. ‘It’s vital to consider the consequences of staying married to someone when the relationship has broken down irretrievably, particularly if you then have a second family. It’s unusual to have infant children as claimants in an Inheritance Act dispute, but it was necessary here to provide for their future,’ she said.James Beresford, partner in the commercial advisory and private wealth team at BLM, said the case highlights a lack of awareness and ‘wills apathy’ among the general public. ‘Any time there is a significant change in circumstances, it is important that a will reflects this. Now, the blue touch paper has been lit but these types of issue can be avoided,’ he added.Nawaz added: ‘Mr Ubbi may have wanted his children to receive more from the estate had he set out a provision for them in his will. This case also goes to show that while updating a will may seem costly and time-consuming from the outset, the fallout of leaving heirs and second families unaccounted for is much worse.’Private Client Section: elderly and vulnerable client care conference 2018 Our popular conference is back and has been expanded to cover vulnerable as well as elderly clients.Join us for an engaging programme addressing the unique challenges of elderly and vulnerable clients. Hear from our experts on topics such as care fees and property, making wills for vulnerable clients, how to make and record a best interest decision and much more.