Saint Mary’s withdraws option to remain in residence halls during COVID-19 campus changes, excluding select students

first_imgSaint Mary’s students will no longer be provided the option to remain in their residence halls until at least April 13, interim President Nancy Nekvasil announced in email Friday. Junior and senior nursing students in clinicals, senior student teachers, international students and a select group of Residence Assistants, Ministry Assistants and IT student employees are excluded from this change. “In the past 24 hours, circumstances have changed dramatically regarding the coronavirus pandemic,” Nekvasil said. “Consensus among public health officials is that if organizations act decisively to minimize the risk of transmission, it can greatly reduce the severity of the outbreak. It is our responsibility to help slow the spread of the virus, both at Saint Mary’s and in our greater community.”This update follows the extension of spring break to March 20, and the implementation of online coursework starting March 23 through at least April 13. In the original announcement, students were offered the choice to return home during this time or remain in the dorms. This is no longer the case.Students “who believe they have a special circumstance” are instructed to contact interim vice president for student affairs Linda Timm.“Unless you have permission to be on campus, do not visit,” Nekvasil said.Those who have filled out online forms detailing plans to return to campus for various reasons may not be accommodated, she said, unless they meet the required criteria. In response to student concerns, the College has created a list of FAQs on their website. Additional questions should be directed to the office of student affairs.Students may return to retrieve their personal belongings, the webpage states, but will not be allowed to stay the night and must be out of the dorms by noon Tuesday.“The health and safety of our students, faculty and staff is a top priority,” Nekvasil said. “We will continue to assess the situation and provide further updates as they are warranted. I am confident that, as we continue to work together, we will do what is necessary in these unprecedented times.”Tags: coronavirus, COVID-19, Interim President Nancy Nekvasil, Linda Timm, Office of Student Affairs, residence hallslast_img read more

Nesconset Man Convicted of Fatal Hit-and-run

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A Nesconset man was convicted Tuesday of killing a 23-year-old man in a hit-and-run crash in Hauppauge three years ago.A Suffolk County jury found Craig Williams guilty of leaving the scene of an accident with injuries, a felony.Authorities said the 40-year-old man was driving on Route 347 when he struck Thomas Wik, also of Nesconset, shortly before 5 a.m. Saturday, Sept. 29, 2012.Williams was arrested five months later and is free on $25,000 bail.Garden City-based attorney Stephen Scaring was reportedly appointed as a special prosecutor in the case because Williams’ father was an investigator with the Suffolk County district attorney’s office.Judge Stephen Braslow is scheduled to sentence Williams on Jan. 13.last_img read more

Aviva Investors slapped with FCA fine over conflicts of interest

first_imgAviva Investors has been fined £17.6m (€24m) after failing to manage conflicts of interest within its fixed income team, after evidence of ‘cherry picking’ trades for more lucrative fee arrangements was discovered in 2013.The Financial Conduct Authority (FCA) charged the asset manager after the UK watchdog found it in breach of two of its Principles for Businesses.Between 2005 and 2013, Aviva Investors, the investment arm of UK insurer Aviva, managed certain fixed income strategies side-by-side, resulting in funds that paid differing fee levels being managed by the same desk.Because a proportion of the fees were paid to traders in the fixed income team, traders were incentivised to favour one fund over another – using internal processes to delay certain trades for several hours before allocating favourable price movements to one fund, and non-favourable to others. Aviva Investors discovered two fixed income traders had been conducting the ‘cherry picking’ process in May 2013 and addressed eight impacted fixed income funds with £132m of compensation.In additional to internal compensation for the affected funds, the regulator fined the asset manager £17.6m for failing to take “reasonable care to organise and control its affairs responsibly and effectively”.FCA acting director of enforcement and market oversight Georgina Philippou said Aviva Investors’ failings were serious, but the regulator recognised the “exceptional” reaction of the manager during the investigation.Aviva Investors was offered a 30% discount on its fine by settling with the regulator in the first stage of investigation.“This case serves as an important reminder to firms of the importance of managing conflicts of interest effectively by implementing a robust control environment with effective systems to manage the risks,” Philippou added.Euan Munro, chief executive at Aviva Invetsors, said the issued within the manager had been fixed.“We have improved our systems and controls, and ensured no customers have been disadvantaged and also made substantial changes to the management team,” he added.The FCA said Aviva Invetsors had operated a ‘three lines of defence’ model of risk management, and that conflicts of interest would have been avoided had it operated effectively.“Its failure to implement robust systems and controls in this area where there were clear conflicts of interest led to an unacceptable risk these weaknesses could be exploited for personal gain,” the FCA said.The regulator did praise the manager, however, calling its response “exceptionally open and cooperative”, and said its compensation procedure to the eight affected funds was prompt.The asset managed breached Principle 3 (management and control) and Principle 8 (conflicts of interest) of the FCA’s Principles for Businesses and related Rules.Munro was announced as the asset manager’s new chief executive in July 2013 after a period of instability in the management structure. He started his new role in Janaury last year.Parent firm Aviva has emphasised a need for improving revenue from the subsidiary with its 3% contribution, described as “inadequate” by chief executive Mark Wilson.The asset manager’s prospects have been raised by Aviva’s proposed merger with fellow UK insurer Friends Life.last_img read more

SR 350 bridge approaches completion

first_imgAurora, IN —Crews recently completed multiple concrete pours on the State Route 350 bridge in Aurora and are preparing to apply the final deck overlay. Once applied, the bridge deck will need to cure for at least four days. After the curing process, pavement markings and approach paving will be completed. The bridge rehabilitation project is continuing on schedule. SR 350 is expected to reopen the first week of August.last_img

Tech muscle helps bet365 break £2 billion revenue mark

first_img Submit Filing its 2016/17 corporate accounts (12-month period ending March 2017), independent online betting group bet365 has detailed that it has surpassed the £2 billion revenue mark (2015/16: £1.6 billion).The Stoke-based operator details that during 2016/17 its betting/gaming assets recorded £46 billion in player wagers.The independent firm’s improved revenue metrics would see bet365 declare full-year corporate profits of £503 million up 10% on 2015/16’s £465 million.The firm details that its strong year performance was driven by strong trading during UEFA Euro 2016 (10 June- 10 July) and the significant decline in the value of £ Sterling during the 12-month period.bet365, the biggest employer of Stoke-on-Trent (Staffordshire), continues to expand its operations, committing to opening a new £8 million ‘Etruria Valley’ Training Centre for its growing headcount.Considered one of the biggest and most profitable UK tech enterprises, in 2017 bet365 has further expanded its Manchester Spring Gardens technology hub, seeking best development and engineering talent for its corporate growth projects.The firm’s deep commitment to proprietary technology and in-house development has seen it acquire US digital infrastructure and engineering language technology Basho in August 2017.In the 2016/17 corporate filing, bet365 CEO Denise Coates commented on the firm’s year performance: “Sports and gaming activities contributed significantly to the overall growth of the Group, with revenue and operating profit also increased year-on-year.”“Financial performance in the year was augmented by what was, for the Group, a good 2016 Football European Championships. In addition, the fall in the value of sterling during the period also impacted favourably.” Playtech goes live in the US with bet365 August 7, 2020 Share Degree 53 expands technical and product development teams   July 22, 2020 Oddschecker: ‘Unusual circumstances’ fail to hinder Royal Ascot traffic July 23, 2020 StumbleUpon Share Related Articleslast_img read more