Applications open for Climate Change Solutions Fund

first_img Read Full Story As of July 16, applications are being accepted for the Climate Change Solutions Fund. The deadline for applications is Oct. 15.The Harvard University Climate Change Solutions Fund supports research and policy initiatives intended to reduce the risks of climate change, hasten the transition from fossil fuel-based energy systems to those that rely on renewable energy sources, to develop methods for diminishing the impact of existing fossil fuel-based energy systems on the climate, to understand and prepare for the impacts of climate change, and to propel scientific, technological, legal, behavioral, policy and artistic innovations needed to accelerate progress toward cleaner energy, improved human health, and a greener world.Applications should propose research that will advance solutions to climate change and its impact.  Solutions may include both preparedness and mitigation and strong consideration will be given to projects that demonstrate a clear pathway to application, as well as riskier proposals with the potential to be transformative over time. Proposals that demonstrate imaginative and promising collaboration among faculty and students across different parts of the University will receive special consideration, as will projects that propose using the university campus as a “living laboratory.”The Office of the Vice Provost for Research administers the Climate Change Solutions Fund. The office invites eligible faculty and students to submit proposals for funding no later than Oct. 15.  Applications are accepted through the Harvard University Funding Portal (HUFP).last_img read more

Nohria to remain Business School dean until December

first_img Related Homeward bound Libraries, rec centers, museums closing; shifts for housing, financial aid With the historic global upheaval and uncertainty caused by the COVID-19 pandemic, Nitin Nohria has agreed to remain as dean of Harvard Business School (HBS) through the end of December, Harvard University President Larry Bacow announced today.Nohria, who has led HBS for nearly a decade, said last fall that he planned to step down on June 30 and take a year-long sabbatical.“We are very fortunate to have the sustained benefit of Nitin’s keen judgment, deep experience, and steady hand as we navigate the unprecedented circumstances now before us,” Bacow wrote in a letter to the HBS community Thursday afternoon.“Such near-term continuity during an uncertain time will serve HBS and Harvard well.  It will also help ensure that Provost [Alan] Garber and I can give the ongoing dean search the full attention it deserves … as we continue working toward the selection of HBS’s next leader.”Named dean in 2010 by then-President Drew Faust, Nohria quickly pushed forward with an ambitious agenda for HBS that he called the “Five I priorities.”  He oversaw the launch of Harvard Business School Online and the Harvard i-lab, spearheaded curriculum innovation such as the field method, and presided over a $1.4 billion capital campaign to bolster faculty hiring and research and to strengthen the School’s residential campus, including Klarman Hall, the Chao Center, and Tata Hall.In his letter, Bacow said he was “extremely grateful” to Nohria for his willingness to stay on during this turbulent period, calling it “an act of institutional commitment wholly characteristic of his profound devotion to HBS and to the University.”Bacow also thanked the many faculty, students, staff, and alumni who have shared their views about the qualities and experience they would most value in the next dean.Nohria has been a member of the HBS faculty since 1988, and taught leadership and organizational behavior. After earning a bachelor’s degree in chemical engineering in 1984 from the Indian Institute of Technology in Bombay, Nohria moved to Cambridge to study at the Massachusetts Institute of Technology’s Sloan School of Management, where he received a Ph.D. in management in 1988. An update of changes on campus as pandemic spreadscenter_img It’s all hands on deck to help students arrange travel, ship and store their stuff, and depart campus House staff and volunteers roll up sleeves Medical School academic, research community responds to COVID-19 pandemic last_img read more

Former faculty dies of cancer

first_imgOlivia Remie Constable, director of the Medieval Institute at Notre Dame since 2009 and professor of history, died of cancer Wednesday in her home, according to a University press release.Constable joined the Notre Dame faculty in 1995 after teaching history at Columbia University for six years. She graduated from Yale University in 1983 and earned a doctoral degree in Near Eastern Studies from Princeton in 1989, the press release stated.“Remie Constable was a brilliant historian, a generous colleague and a very dear friend,” associate professor of history Margaret Meserve said in the press release. “Her contributions to medieval studies at Notre Dame were countless, but I will remember her best for her love of her students, her wonderful wit and her extraordinary hospitality. She will be greatly missed.”Constable’s focus for classes and research included “interactions between medieval Christians, Muslims and Jews; the Mediterranean world; economic and social history; the history of medieval cities and urban life; medieval Spain and perceptions of the middle ages in modern novels and film,” the press release stated.Constable received fellowships from the National Endowment for the Humanities, the American Council of Learned Societies and the Guggenheim foundation, according to the press release. She was also a member of the Institute for Advanced Study at Princeton and a fellow of the Medieval Academy of America.Funeral services will be private and a public memorial service will be announced soon, the press release stated.Tags: cancer, director of the medical institute dies, former faculty member dies, olivia remie constable, Staff Reportlast_img read more

Chittenden Reports Earnings; Increases Quarterly Dividend

first_imgChittenden Corporation(NYSE: CHZ) Chairman, President and Chief Executive Officer, Paul A. Perrault,announced earnings for the quarter ended March 31, 2004 of $17.5 millionor $0.47 per diluted share, compared to $16.6 million or $0.49 a year ago.Chittenden also announced a 10% increase in its quarterly dividend to $0.22per share. The dividend will be paid on May 14, 2004, to shareholders ofrecord on April 30, 2004.In making the announcement, Perrault said, “By and large, most corebusinesses are doing well. However, the volatility of market interest ratesand the timing of their movements during the quarter adversely impacted themortgage banking business. On the whole, we consider the quarter’s results alittle disappointing, though there is cause for optimism. Commercial loangrowth was particularly good during the quarter and accelerated in the monthof March. In mortgage banking, the interest rate dip in March led tosignificant mortgage application activity late in the quarter, which shouldbode well for better mortgage gains as we move forward into the comingmonths.”Total loans increased $55.5 million from December 31, 2003 and $151.6million from March 31, 2003. The Company’s banks continued their strong growthin commercial lending by increasing their commercial and commercial realestate portfolios at an annualized rate of 16% on a linked-quarter basis.Partially offsetting the growth in commercial loans was the continued declinein the residential real estate loan portfolio, which experienced faster thanexpected prepayments. The increase in the loan portfolio from March 31, 2003was entirely attributable to double-digit growth in the Company’s commercialand commercial real estate loan portfolios.Total deposits increased $20.3 million from March 31, 2003 and decreased$135.5 million from the prior year-end. The decline from December 31, 2003 isprimarily attributable to normal seasonal trends relating to the Company’smunicipal, commercial, and captive insurance customers. Borrowings at March31, 2004 were $312.5 million, a decrease of $241.1 million from the sameperiod a year ago. The decline was due to maturities and the early redemptionof $214 million of FHLB borrowings assumed in the Granite acquisition.The Company’s net interest margin for the first quarter of 2004 was 4.17%,an increase from the fourth quarter of last year and a decrease from the firstquarter of 2003. On a linked quarter basis, the increase in the net interestmargin was due to a better asset mix with a higher proportion of loans inaverage earning assets, and a lower cost of funds driven primarily by reducedcosts of borrowings. The decline in net interest margin from the first quarterof 2003 was primarily attributable to lower earning asset yields and theinclusion of Granite for the full quarter of 2004 as compared to just onemonth in 2003.Net charge-offs as a percentage of average loans were 1 basis point forthe first quarter of 2004, compared to 8 basis points for the fourth quarterof last year and 4 basis points for the first quarter in 2003. Net charge-offsin 2004 totaled $391,000, compared with $2.7 million in the fourth quarter of2003 and $1.5 million for the first quarter of 2003. Nonperforming assetsincreased $6.3 million from December 31, 2003 to $20.7 million at March 31,2004 and as a percentage of total loans increased to 55 basis points comparedto 39 basis points in the fourth quarter of 2003. The increase innonperforming assets primarily resulted from two commercial relationships andthe Company believes that the loans are well secured. The level ofnonperforming assets in 2004 is consistent with the Company’s historicalexperience which has averaged approximately 50 basis points over the last sixyears.The provision for loan losses was $427,000 for the first quarter of 2004compared to $1.0 million for the fourth quarter of last year, and $2.1 millionin the first quarter of 2003. The provision for the first quarter of 2004 wasdriven by significantly lower net charge-offs, continued strong asset quality,and minimal growth in the total loan portfolio. As a percentage of totalloans, the allowance for loan losses was 1.52%, down slightly from 1.54% atDecember 31, 2003.Noninterest income declined $5.0 million from the prior quarter and $1.2million from the same period a year ago. The decline from the fourth quarterof 2003 was attributable to reduced gains on sales of mortgages, lowermortgage servicing income, and a decline in gains on sales of securities.Gains on sales of mortgage loans decreased $2.4 million from the fourthquarter of 2003 due to lower volumes of loan sales caused by higher mortgageinterest rates. Mortgage servicing income declined $1.4 million in the firstquarter of 2004 due to higher forward-looking prepayment speeds which weredriven by the dip in interest rates in early March, continued heavy paydownson adjustable rate mortgages, and the decision by one of the Company’s creditunion customers to service its portfolio in house. Gains on sales ofsecurities, net of losses on prepayments of borrowings, were $608,000 in thefirst quarter of 2004, compared to $2.1 million in the fourth quarter of lastyear and $1.4 million in the first quarter of 2003. Partially offsettingthese declines, on a linked quarter and year-over-year basis, weresignificantly higher insurance commissions and increased investment managementincome. Insurance commissions increased $1.1 million from the prior quarterprimarily due to the timing of policy renewals and increased performance-basedincome. The increase from the same quarter a year ago was due to the inclusionof Granite’s insurance operations for the full quarter in 2004 versus only onemonth in 2003. In addition, on a year-over-year basis, the Companyexperienced higher investment management income, which was attributable tostronger equity markets and better penetration in the non-Vermont banks.Noninterest expenses were $44.6 million for the quarter ending March 31,2004, a decrease of $3.5 million from the prior quarter and an increase of$2.4 million from a year ago. The decline from the fourth quarter of 2003 isprimarily attributable to lower conversion and restructuring expenses,decreased incentives and commissions costs, and lower levels of other expense.The higher conversion and restructuring expenses in the fourth quarter of 2003were due to the accrual of certain costs in relation to the Company’s plan toconsolidate branches, close offsite ATMs and to recognize severance forrelated staff reductions. The increase from a year ago is attributable to theacquisition of Granite Bank, which in 2004 contributed three months ofexpenses compared to one month in 2003.The effective income tax rate for first quarter 2004 was 36.9%, comparedwith 36.1% for the comparable quarter in 2003. The higher effective income taxrate was primarily attributable to increased taxable income in New Hampshire,which has a higher statutory tax rate than other states in which the Companyhas operations.The return on average tangible equity was 20.38% in the first quarter of2004, compared to 23.63% in the prior quarter and 19.95% in the same quarter ayear ago. The return on average equity was 11.97% for the first quarter of2004, compared with 13.66% for the fourth quarter of 2003 and 14.53% for thefirst quarter a year ago. The decrease in ROE from the first quarter of 2003is primarily due to the issuance of additional equity of $116 million in theGranite acquisition, which was included for only one month in the 2003calculation. The return on average assets for the quarter ended March 31, 2004was 1.21%, down from 1.31% for the quarter ended December 31, 2003 and 1.29%for the first quarter of last year. The decline from a year ago was due tohigher levels of average assets caused by the acquisition of Granite Bank andthe reduction from the fourth quarter of 2004 was due to lower net income.Chittenden is a bank holding company headquartered in Burlington, Vermont.Through its subsidiary banks(1), the Company offers a broad range of financialproducts and services to customers throughout Northern New England andMassachusetts, including deposit accounts and services; commercial andconsumer loans; insurance; and investment and trust services to individuals,businesses, and the public sector. Chittenden Corporation’s news releases,including earnings announcements, are available on the Company’s website.last_img read more

Tripadvisor is taking greater control over tour operator prices by increasing commissions

first_img“They sit on a pile of search and booking data and can implement dynamic pricing models to earn more per user, or product type and location. The question is, why haven’t they done it before?” The move makes sense from a Tripadvisor perspective, Alster said: “We hope to create a more balanced market with a single minimum commission rate for all operators of your type and in your area.”, It is stated in the e-mail. “A balanced market will allow travelers to focus on the quality and uniqueness of your experience.” Tourpreneur, a travel tour podcast that published parts of the e-mail, said Tripadvisor “left many of their tour and activity partners in a trance”. This move by Tripadvisor comes a week after the restructuring of its business experience-related business sector. In the third quarter of last year, they recorded a 46 percent drop in revenue in the sector. They also feel that operators are worried that customers could get angry if they book a higher price through Tripadvisor or its sister company Viator than the one published on the tour operator’s website. Jared Alster, co-founder and executive director of strategy at marketing agency Wildebeest, said Tripadvisor’s use of the term “balanced market” is actually “commission collection code”.center_img The e-mail also states that Tripadvisor Experiences “adjust the retail price of your products to match our new commission rates in your destination“, Although the company claimed that the new policy will not affect the fees that operators receive for reservations. Changes are underway, she said, and the company is in the process of communicating with operators around the world. “Tripadvisor Experiences increases commission rates and introduces a single minimum rate, depending on the type of tour operator and location”, Reads the e-mail received by tour operators, which confused many, he reports Shift. Laurel Greatrix, a spokeswoman for Tripadvisor, said the new policy “brings compliance with our prices and balances the market”. Source / photo: Skift; Tripadvisor; Pexelslast_img read more

UBS Warburg to embark on new voyage into PFI

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

Locals drop $2m on Queenslander before Easter long weekend

first_img37 Queens Rd, Clayfield, has sold for $2m under the hammer.BRISBANE locals dropped $2m on this classic Queenslander midweek, going into Easter as the city’s newest homeowners.The Queenslander with a history going back to the early 1900s has fetched a 21st century price tag for its classic charms, selling under the hammer midweek. for $2m.The house, named “Blenheim”, was among 25 that were part of a pop-up auction at the Brisbane Powerhouse.More from newsParks and wildlife the new lust-haves post coronavirus20 hours agoNoosa’s best beachfront penthouse is about to hit the market20 hours agoThe home was immaculately maintained. It has multiple entertainment spaces.Agent Damon Lewis of Ray White New Farm said it was a great result for the colonial home.“It was a wonderful turnout at the auction,” he told The Courier-Mail. “The property sold under the hammer for $2m to a local buyer.”“Bidding started at $1.5m and quickly went to $1.9m before the property was put on market at $2m.”The house at 37 Queens Rd, Clayfield, has five bedrooms, three bathrooms, three car spaces and a pool. FOLLOW SOPHIE FOSTER ON FACEBOOK A classic beauty within 5km of the CBD.last_img read more

TechnipFMC extends Solstad Farstad deal

first_imgShipping company Solstad Farstad and oilfield services provider TechnipFMC have extended the frame agreement covering the provision of vessels for ploughing and trenching operations.Solstad Farstad said on Monday that the contract with Technip FMC was extended for one year.The frame agreement is now valid until December 31, 2019.Hans Knut Skår, EVP of Subsea Constructions & Renewables of Solstad Farstad, said: “We have been working closely with TechnipFMC since 1997 and are excited that they once again have trusted us to continue the delivery of high powered vessels to support their ploughing and trenching operations.”The initial deal for the supply of vessels for trenching, construction, and subsea services was signed between Solstad Offshore and Technip in 2016, prior to mergers of Solstad Offshore, Farstad Shipping, Deep Sea Supply, and REM Offshore as well as Technip with FMC Technologies and respective name changes.The frame agreement was valid for 2016 – 2018 and through the agreement Technip could utilize Solstad Offshore’s two construction support vessels (CSVs), Normand Progress and Normand Pioneer, and two anchor handling tug and supply vessels (AHTS) Normand Ranger and Normand Mariner.Under the agreement, Solstad Offshore was Technip’s supplier of tonnage for trenching and subsea construction work.Offshore Energy Today Stafflast_img read more

China won’t shut down PH power grid, says Duterte

first_img“Sabihin ko sa China, ‘Look China, we’refriends. We’re doing business. You want money, we want money. It produces moneyfor both of us. Now, do you intend to cut it? And for what reason?” PresidentDuterte said a television interview. President Rodrigo Duterte. PCOO “Kasi ang China tumulong lang, nagmagandang loob. Gusto rin niya ‘yung may kakampi sila kasi puro kakampi ng Amerikano eh. So they’re trying to help everybody na makinig sa kanila,” said the President. Earlier, lawmakers aired their fears over China’s State Grid Corporation’s 40 percent stake in the National Grid Corporation of the Philippines, and to the potential threat this brought to the national power grid, that a legislative probe into the national security implications of the partnership had been floated. MANILA – President Rodrigo Dutertedismissed concerns on China’s control over the Philippines’ power grid orthreat to the country’s national security, saying this allegation is completelygroundless. The Philippine and China have been at odds for years over contested territories in the South China Sea, with the Philippines winning an internationally-backed arbitration case against China before The Hague-based Permanent Court of Arbitration in July 2016./PN Duterte, however, was skeptical of this, saying the likelihood that China would shut down the country’s power supply was “about a million miles away.”last_img read more

After change of plans, Williams corrals Red River IMCA Stock Car Tour crown

first_imgGary Williams won two features en route to the Red River IMCA Sunoco Stock Car Tour crown. (Photo by Stacy Kolar, Southern Sass Photography) Williams was fourth the next night at Heart O’ Texas Speedway, then duplicated his KSP showing with another flag-to-flag run at 281 Speedway. He was runner-up in another star-filled feature at Big O Speedway. HIS SPONSORS: Crazy J Kettlekorn of Desert; Jeff Reynolds Electric of Godley; Chad Jones at Big Iron Service in Bells; and Steve Ott and Steve O. Motorsports of Ardmore, Okla. “For me being a 50-year-old guy, I felt like I was racing better than I did when I was 16,” he added. “For a 50-year-old dude, I went out there and did a pretty good job.” How fast? BONHAM, Texas – Gary Williams was better than good the first four nights and good enough on the last night of the Red River Tour for IMCA Sunoco Stock Cars. “We weren’t even planning to run the whole tour. Then we won the first night out at Kennedale Speed­way Park,” the Bonham, Texas, driver said. “We had been chasing some things and what we found worked. We knew we had a fast car.”center_img Williams won two features, with second- and fourth-place finishes as well going into the finale at home track Southern Oklahoma Speedway. “It was really good to be able to win this tour, racing with the combination of guys who are that good,” Wil­liams said. “We’re not a high dollar team. My son Shelby (fifth in the tour points) and I have homebuilt chassis and camped in a trailer on the way. I kind of felt like the underdog.” Starts 5                    Wins 2        Additional Top Five’s 2 He started 17th that evening and was up to sixth before breaking a spindle bolt. Wobbly tire and all, Williams still managed to earn the tour title with a 14th place finish. HIS CREW: Wife Lisa, son Shelby and Mark Prater.last_img read more