Running back Marshawn Lynch is returning to the NFL to play for the Oakland Raiders. If you’re not familiar with Lynch, he led the Seattle Seahawks to two Super Bowl appearances and earned the nickname “Beast Mode.”He’s a powerful running back who’s not afraid to take a hit. In a 2011 playoff game against the New Orleans Saints, he had a 67-yard touchdown run, breaking nine tackles. The crowd activity and noise for the game-clinching touchdown registered a small tremor on a nearby seismograph, rendering the play to be forever known as the “Beast Quake.”What can credit unions and community banks learn from one of the most dominant running backs in the NFL? Quite a lot, actually.NOTHING CAN REPLACE HARD WORKAre you asking, “Why can’t we close more loans?” continue reading » 19SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr read more

first_imgEditor’s note: Updated for clarity and to include statement from Australian Embassy.Topics : “Now, I do not know what the world would look like in six months’ time, but I think it would be a real shame and really short-term thinking for this very useful bit of the architecture of the bilateral relations to fall over or become extinct because of a short-term shock,” Prince said.The agency is doing everything it can to stay afloat, which unfortunately included laying off 60 percent of its employees, he said.Prince hoped that the Australian and Indonesian governments can provide financial assistance, “keep the faith” in the consortium and hold a long-term assessment that maintains ACICIS in their long-term interests.ACICIS had been sending some 100 students abroad each year from 1995, but the number quintupled in 2012 after Australia started the New Colombo Plan.Last year, the consortium sent about 500 students to Indonesia, which is about a quarter of the 1,800 Australian students studying here in 2018. Prince has yet to obtain official data for 2019.Keeping ACICIS alive is crucial to help Australians obtain first-hand knowledge and experience in Indonesia, Prince said, which in turn could foster trust between the two countries.Read also: Australians still have little trust in Indonesia due to unfamiliarity: SurveyThe 2020 edition of the Lowy Institute Poll reveals that Australians’ trust in Indonesia has fallen to the lowest point since the survey was first conducted, with only 36 percent of respondents saying they trust Indonesia to act responsibly in the world, a 16 percentage point fall from 2017 results.“The lack of understanding and the lack of trust are interrelated. It’s hard to trust your neighbor if you don’t know them and vice versa,” Ben Bland, the director of the Southeast Asia program at the Lowy Institute, said in a statement on Tuesday.Australia’s shadow minister for health, Chris Bowen, wrote to the Post on Friday, saying that while the COVID-19 crisis had reduced funding to many organizations and institutions, “we need to ensure that great institutions like ACICIS survive”.He said ACICIS would play an even more important role as more and more Australian universities considered closing their Indonesian faculties, said Bowen, who got his university degree in the Indonesian language.A spokesperson from the Australian Embassy in Jakarta said on Monday that the mission was “actively working with ACICIS” to identify how they can continue delivering for the broader bilateral relationship, but did not make any mention of the budgetary constraints in Canberra.“ACICIS has made an important contribution to the relationship between Indonesia and Australia for many years,” the spokesperson said in a statement.“It has been pivotal to the success of the New Colombo Plan in Indonesia, facilitating programs for around 2,000 Australian undergraduates to live, study and intern in Indonesia since the program’s inception in 2014.”University of Indonesia international relations professor Evi Fitriani disagreed that Indonesia needed to provide financial assistance for ACICIS. She instead suggested that the two governments search a third-party source of funding, including Australian companies who have been top exporters to Indonesia.As the consortium seeks the best available solutions, education consultant and ACICIS alumna Kirrilee Hughes said it was sad and unfortunate that the consortium was in financial trouble, especially because its programs had affected her life choices.Her experiences at UGM and Muhammadiyah University in Malang, East Java, under the ACICIS program in 2001 inspired her to complete a PhD program in Asian Studies, particularly studying ways for Australian students to learn about Asia.Hughes recalled waking up early in the morning and riding her motorcycle to UGM to attend 7 a.m. classes and going to internet cafes to call her parents in Australia.“And that’s really sad because for me, […] it’s about knowing these opportunities may not be available for future young Australians to have experiences like mine,” she said. Backwell was among the many participants of the Australian Consortium for In-Country Indonesian Studies (ACICIS), which connects Australian students with Indonesian universities and allows them to experience the typical life of a local student.However, funding difficulties could soon force ACICIS to close down in the worst-case scenario, ACICIS director Liam Prince told The Jakarta Post on Friday. He said COVID-19 had made it impossible for Australia to send its students to Indonesia, causing the consortium to lose most of its income.The group currently sits on A$4 million (US$2.77 million) in Australia’s Department of Foreign Affairs and Trade (DFAT) funding for the New Colombo Plan, a program to send hundreds of young Australians to Indonesia for a study or internship program. Indonesia is the most popular destination among Australian participants of the NPC.But Australian authorities are unable to release any of the money as it is only available if students are going to Indonesia, according to Prince.center_img Australian resident Joel Backwell, 39, experienced what most Indonesian students go through when he studied art law for a year at Gadjah Mada University (UGM) in Yogyakarta in 2002.He lived in a rooming house with 14 other students and often stayed up late with them to watch soccer matches on television. He loved eating pecel lele (fried catfish) and tempe penyet (tempeh with spicy chili paste), and he spoke both Javanese and Indonesian to his friends.“I think like a lot of Australians, when we think about Indonesia, we do not really know what to think. All we think is ‘different, foreign, not much in common’,” he said. “But anybody who lives in Indonesia for an extended period of time would quickly discover that Indonesians are in many ways just like us. Similar dreams, similar hopes, similar aspirations.”last_img read more

first_img“We now have more than NOK600bn in bonds with negative yields. That is equivalent to a quarter of our fixed-income portfolio, and in line with the markets.”Grande added: “Uncertainty about global trade and economic growth dampened returns early on, but markets rallied towards the end of the period, driven partly by the prospect of more expansionary monetary policy in developed markets.”The Norwegian krone continued to rally on foreign exchanges in the reporting period, extending its gains in the first three months of the year. This hit the value of the GPFG by NOK38bn, according to NBIM data. Inflows into the fund amounted to NOK6bn in the second quarter.The fund’s equities allocation continued to increase, rising to 69.3% of investments from 69.2% on 31 March, and up from 66.3% at the end of 2018.Meanwhile, the fixed-income allocation was unchanged from March at 28% and unlisted real estate contracted to 2.7% of the fund, from 2.8% three months earlier and from 3% at the end of 2018.The GPFG held NOK9.4trn in assets as of 21 August, according to its website.‘It’s becoming harder to mitigate against negative yields’ Norway’s giant sovereign wealth fund benefited from falling bond yields in the second quarter of 2019, but now holds more than NOK600bn (€60bn) in fixed income assets with a negative real yield.In its second quarter report, Norges Bank Investment Management (NBIM), which manages the Government Pension Fund Global (GPFG), revealed it made more on bonds than equities between April and June, with fixed-income investments returning 3.1%, while equities generated a return of 3%.The oil fund’s manager reported a positive overall return on investments of 3% in the second quarter, or NOK256bn – 0.2 percentage points below the benchmark – and said that equities had delivered a positive return despite volatile market conditions.Trond Grande, deputy chief executive of NBIM, said: “We had a positive return on our fixed-income investments thanks to falling yields. Chris Iggo, CIO for fixed income, AXA IMIn a client commentary published last week, Chris Iggo, CIO for fixed income at AXA Investment Managers, warned that the strong returns from fixed income so far this year would be “much harder to sustain” in the coming months.Investors faced “unprecedented conditions” in the asset class, Iggo said, with “more than 40%” of European investment grade corporate bonds, and 60% of European sovereign bonds, trading with a negative yield, including the entirety of the German Bund yield curve.“For bond investors it is becoming harder to mitigate against the impact of lower yields on portfolio decisions,” he added. “It might not be the time to take more credit risk, yet there is incrementally less reward for extending out along the yield curve.”He added: “We should be worried about lower and lower bond yields because they are sending very negative signals about the economic outlook, but they may cause some (as yet not fully understood) tensions in the financial system with structural implications.”last_img read more

first_imgAndrew and Rob Gray at 29 Rockbourne Tce, Paddington, which has just sold for $3m. Image: AAP/Claudia Baxter.ARGUABLY the hottest home to hit the market in Brisbane this year has sold in a private deal for $3 million.The immaculately renovated Queenslander in Paddington is one of two neighbouring homes designed by Brisbane’s builder to the stars, Graya Construction, that created a social media frenzy when they first listed.The turn-of-the-century home, named Rhondda, on a giant block of land at 29 Rockbourne Terrace caught the eye of brothers Rob and Andrew Gray in May 2017. RELATED: This is how you renovate in two months Woodrock at 33 Rockbourne Tce, Paddington, is still for sale. One of the bathrooms in the home at 29 Rockbourne Tce, Paddington, before the renovation. The open-plan living, kitchen and dining area after the renovation.The contemporary newbuild, Woodrock, is still for sale through Matt Lancashire of Ray White New Farm, who featured in a video about the home that was viewed more than 40,000 times in just a couple of days.Paddington is one of Brisbane’s most expensive suburbs, with a median house price of $1.145 million. The front of the home at 29 Rockbourne Tce, Paddington. The back of the property at 29 Rockbourne Tce, Paddington.Twelve months and $1.5 million later, they had transformed the old-fashioned character home into a bolder, more modern version of itself. Rob and Andrew Gray paid just over $2 million for the house on a 1200 sqm double block.They subdivided the land, shifted Rhondda across to one and built another home — Woodrock at 33 Rockbourne Tce — on the other. One of the bathrooms in the property at 29 Rockbourne Tce, Paddington, after the renovation.The rebuild and renovation process was significant, with the house entirely gutted underneath.An extension was added at the back, which became the main bedroom upstairs — a spacious retreat, with walk-in wardrobe and ensuite, that looks down at the pool.The downstairs section is predominantly the living area, plus a guest bedroom with an ensuite.The end result was a home that retained its old-world charm but had been reinvented to accommodate all the comforts and conveniences of modern living. The living room at 29 Rockbourne Tce, Paddington, before the renovation. The kitchen in the home at 29 Rockbourne Tce, Paddington, after the renovation.Both homes have literally stopped traffic in the past couple of months because of their cutting-edge designs.Rhondda become the talk of the town when it hit the market in August, with its business at the front, party at the back design.“It is party at the back, but in previous years, a lot of architects have gone with dark box extensions,” Rob Gray said. Ray White New Farm principal Matt Lancashire takes a dip at 33 Rockbourne Tce, Paddington. The kitchen in the home at 29 Rockbourne Tce, Paddington, before the renovation.More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours agolast_img read more