German company buys Waitsfield’s CEC

first_imgControlled Energy Corporation Acquired by BBT Thermotechnik,Subsidiary of The Bosch GroupVermont Company Operations to Remain In StateWaitsfield, Vt.-Mary Moffroid, President of Controlled Energy Corporation(CEC,) has announced that the company is being acquired by the BoschGroup, Germany. The Bosch Group is an international industrial companywith 230,000 employees and worldwide annual sales of $41 billion in 2003.CEC will be integrated into the international organization of Bosch´ssubsidiary BBT Thermotechnik GmbH, a leading European manufacturer ofheating products.In 2004 Controlled Energy Corporation generated sales of $34 million with70 employees in Vermont and at 15 locations throughout the U.S. andCanada. Controlled Energy Corporation is one of the U.S. market leadersfor tankless, point-of-use, and high-efficiency water heating equipment.Company founders Pierre and Mary Moffroid retired effective January 1,2005. Thereafter, Controlled Energy Corporation is being managed by a teamof senior executives with long service to the company. They are JohnNorton, Chief Operating Officer; Kyle Murray, V.P. Marketing and CustomerService; and Eric Moffroid, Senior V.P. Sales. The company, which wasfounded in Vermont in 1979, will continue to operate in Waitsfield, VT.Retiring company President Mary Moffroid stated that “This acquisition isan excellent fit as the Bosch Group embraces the values and socialresponsibility that Controlled Energy Corporation has been living for thepast 25 years.” Moffroid added that “Controlled Energy Corporation,empowered now with the resources of the Bosch Group, is poised to leadNorth America in the sale of high efficiency water heating products.”With this acquisition CEC will become part of BBT Thermotechnik in NorthAmerica and will work closely with Buderus Hydronic Systems located inLondonderry, New Hampshire. Mr. Klaus Huttelmaier, Member of theManagement Board of BBT Thermotechnik noted, “We clearly expand our marketpresence in the United States and plan to pool our competencies andresources with a view to expanding our position in the U.S.thermotechnology sector. CEC is our ideal partner to jointly exploit theopportunities in this growth market.”In October 2004, Controlled Energy Corporation celebrated its 25thanniversary. The Bosch Group will celebrate its 100th Anniversary of doingbusiness in the U.S. in 2006.-END-last_img read more

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Upcoming recess opportunity to continue advocacy momentum

first_imgCUNA is engaged with several activities on Capitol Hill this week, the last week both the House and Senate are in session before both chambers recess until June 5. CUNA Chief Advocacy Office Ryan Donovan urges credit unions to keep up the advocacy momentum over the recess, arranging credit unions visits, in-district meetings and other opportunities.“The upcoming recess is a great opportunity to get the credit union message out in policymakers’ home districts,” Donovan said. “We’ve seen some congressional attention on regulatory relief, and it’s up to credit union leaders to make sure we keep that momentum when Congress gets back.”One piece of regulatory relief legislation, the Financial CHOICE Act, will not make it to the House floor this week. It will likely receive consideration when the House returns from recess.CUNA is also engaged in the following hearings this week:Tuesday, 10 a.m. (ET): House Committee on Ways and Means second hearing in its series of hearings on comprehensive tax reform. CUNA wrote to the committee for last week’s tax reform hearing; 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

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Binghamton Police, Mental Health Association of the Southern Tier discuss programs in mental health crisis response

first_imgEarlier this year, the Binghamton Police Department became one of five law enforcement agencies in New York State to complete a pledge to improve interactions with individuals affected by mental illness. This pledge known as the “One Mind Campaign” was carried out by the International Association of Chiefs of Police. It requires participating law enforcement agencies to implement practices to improve police response to mental health calls. “The Binghamton Police Department has been proactive in cultivating relationships with mental health and social service agencies, encouraging alternatives to arrest or hospitalization that will achieve better outcomes for those in need.” said Cheif Joseph Zikuski. “It’s part of our efforts to be a forward-thinking 21st century police agency and a statewide leader in mental health training and response.” In order to fulfill this pledge, the department had to meet its requirements. They are: In 2016 an individual was transported for hospital care in 70 percent of BPD’s mental health calls, by 2019 that number reduced to 32 percent, Establishing a clearly defined and sustainable relationship with at least one community mental health organization.Developing and implementing a written policy addressing law enforcement response to persons affected by mental illness.Demonstrating that 100 percent of sworn officers are trained and certified in Mental Health First Aid or an equivalent mental health awareness course.Demonstrating that 20 percent of sworn officers are trained and certified in Crisis Intervention Team Training. Since 2016, Binghamton Police have been working with MHAST on mental health training and programs.center_img That funding will expand the hours of the crisis team to increase their impact on the community. These programs were aimed at reducing hospital emergency department transports, arrests and use of force. BINGHAMTON (WBNG) — Mayor Rich David, Police Chief Joseph Zikuski and Director of Crisis Services at MHAST. Michael Hatch from the Mental Health Association of the Southern Tier (MHAST) held a press conference to outline the Binghamton Police Department’s programs and training to improve interactions between police and individuals experiencing a mental health crises. “We provide the mobile crisis service for them, and if a person is in crisis they have the ability to contact the mobile crisis team and a licensed clinician will come right to them, and we also connect them with peer support specialists who have lived experience with mental health and or substance abuse.”said Michael Hatch, the Director of Crisis Services at MHAST. Mayor Rich David has committed $50,000 of the 2021 City of Binghamton Budget to further support MHAST programs in crisis intervention.last_img read more

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Halfords to continue expansion following sale

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US lawmakers detail Big Tech’s market abuses and press for strict reform

first_imgA US House of Representatives panel looking into abuses of market power by four big technology companies found they used “killer acquisitions” to smite rivals, charged exorbitant fees and forced small businesses into “oppressive” contracts in the name of profit.The antitrust subcommittee of the Judiciary Committee recommended that Alphabet Inc’s Google, Apple Inc, Amazon.com and Facebook – with a combined market value of over $5 trillion – should not both control and compete in related businesses.The panel’s report broadly recommended structural separations but stopped short of saying a specific company should be broken up. The scathing 449-page report – the result of the first such congressional review of the tech industry – suggested expansive changes to antitrust law and described dozens of instances where the companies misused their power.“To put it simply, companies that once were scrappy, underdog startups that challenged the status quo have become the kinds of monopolies we last saw in the era of oil barons and railroad tycoons,” the report said.In anticipation of the report, Amazon warned in a blog post Tuesday against “fringe notions of antitrust” and market interventions that “would kill off independent retailers and punish consumers by forcing small businesses out of popular online stores, raising prices and reducing consumer choice.”Google said in a statement that it competes “fairly in a fast-moving and highly competitive industry. We disagree with today’s reports, which feature outdated and inaccurate allegations from commercial rivals about Search and other services.” Facebook said, “We compete with a wide variety of services with millions, even billions, of people using them. Acquisitions are part of every industry, and just one way we innovate new technologies to deliver more value to people.”Apple said, “Scrutiny is reasonable and appropriate but we vehemently disagree with the conclusions.” The company also defended its commission rates and said it would issue a more extensive response in the coming days.After more than a year of investigation involving 1.3 million documents and more than 300 interviews, the committee led by Democratic Congressman David Cicilline found companies were running marketplaces where they also competed, enabling “them to write one set of rules for others, while they play by another.”Coming just weeks before the Nov. 3 presidential election, the report became an opportunity for Republicans and Democrats to boost their credibility in the fight against market domination by big tech companies.That said, Congress is unlikely to act on the findings this year. Since the report reflects the views of the Democratic majority in the House, it signals that if Joe Biden wins the White House, the pressure on the companies could well continue.Also, the report is likely to inform existing antitrust probes against the companies by the Federal Trade Commission and state attorneys general.Separately, the US Justice Department is investigating large technology companies and is expected to bring a lawsuit against Google soon.But the report was split along party lines. Republicans on the committee released two short reports, one authored by Representative Ken Buck and supported by three fellow Republicans, which bashed the companies but said that he would not support any call to break them up.The other was a letter authored by Representative Jim Jordan who criticized Democrats for not probing Big Tech companies for alleged conservative bias and failing to show that existing antitrust law was inadequate.RecommendationsThe panel recommended companies be prohibited from operating in closely aligned businesses. While they did not name any one company, this recommendation would suggest that Google, which runs the auctions for online ad space and participates in those auctions, should potentially be required to separate clearly, or not even operate, the two businesses.Facebook’s acquisition of Instagram in 2012 is another example of this. Instagram at the time was small and insignificant, but Facebook CEO Mark Zuckerberg saw its potential and noted that it was “building networks that are competitive with our own” and “could be very disruptive to us,” the report said.An email received by the committee on Sunday from an unnamed former Instagram employee disputed Facebook’s contention that the two apps could not easily be pulled apart at this stage.“They can just roll back the changes they’ve been making over the past year and you’d have two different apps again,” the person wrote. “It’s turning something on and off.”As part of the report, the committee staff drew up a menu of potential changes in antitrust law.The suggestions ranged from the aggressive, such as potentially barring companies like Amazon.com from operating the markets in which they also compete, to the less controversial, like increasing the budgets of the agencies that enforce antitrust law: the Justice Department’s Antitrust Division and the Federal Trade Commission.The report also urged Congress to allow antitrust enforcers more leeway in stopping companies from purchasing potential rivals, something that is now difficult.The antitrust panel will take up the majority report after the October recess for formal adoption and will have a vote on it, the counsels for the committee said.Topics :last_img read more

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Celebrating Roads to Recovery in Pittsburgh

first_imgLike Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf Celebrating Roads to Recovery in Pittsburgh   SHARE  TWEET By: Governor Tom Wolf September 12, 2016 SHARE Email Facebook Twitter Substance Use Disorder,  The Blog On Saturday, thousands of people gathered in Pittsburgh for the Roads to Recovery Walk, which aims to dispel the negative stigma associated with recovery from addiction, and instead celebrate the many roads to recovery and all those who have traveled them.Right here in our commonwealth, there is not a family that is unaffected by this epidemic. There is not a family that doesn’t know someone – a neighbor, a friend or a family member – who is suffering from the disease of addiction.I want to congratulate everyone in Pittsburgh who participated in this recovery walk and congratulate people all throughout the commonwealth who are in recovery from the disease of addiction. Your determination should be widely applauded and I hope that your strength is an inspiration to others who are suffering from a substance use disorder.At the state level, we’re trying to give those who are currently suffering from the disease more resources and more options. We’ve got to start with eliminating the stigma around the disease of addiction and understand that every patient has different needs. I have made battling the opioid epidemic a top priority in my administration and will do everything I can to help those struggling with this disease.Once again, congratulations to all those who have fought addiction and are now living lives of recovery. You are truly inspiring.If you, or someone you know, is struggling with a substance use disorder, find out how you can get help.last_img read more

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Norway’s KLP generates 4.4% on back of short-term bonds, real estate

first_imgNorway’s largest municipal pensions provider Kommunal Landspensjonskasse (KLP) has reported a 4.4% return on investments in the first nine months of this year and said this figure was higher when the rising value of its hold-to-maturity bonds and lending was taken into account.On a value-adjusted basis, returns rose to 4.4% for January to September, up from 2% in the same period last year, but, including hold-to-maturity bonds and lending, it returned 4.9%, up from 1.2%, according to the pension fund’s interim report.The returns are on its common portfolio, whose assets grew to NOK447.9bn (€48.7bn) at the end of September from NOK405.6bn at the same point last year.This portfolio makes up most of KLP’s group assets of NOK589bn. Sverre Thornes, the pension fund’s chief executive, described results achieved in the third quarter as “solid”, adding: “The good result enables us to maintain a lower level of premium than today’s very low interest rate level would suggest.”KLP’s property investments in the common portfolio made a 7.8% return in the first nine months of this year, up from the 6.6% return reported for the same period last year.Property made up 12.2% of the portfolio at the end of September.Shares, which had a 20.3% weight, generated just 0.6% in the nine-month period, excluding currency effects, but were higher than the 1% loss in the comparable year-earlier period.Taking account of currency effects, KLP said the return on shares was 4.8% over the period.Short-term bonds produced a 5.5% return, up from 1.7%, while long-term bonds generated 3.2%, slightly below the 3.4% posted for the same period in 2015.Lending, meanwhile, returned 1.8%, just down from 2%.Short-term, long-term and hold-to-maturity bonds and lending made up 20.7%, 27.1% and 11.2% of the common portfolio, respectively, at the end of September.KLP’s contributions rose strongly in a year-on-year comparison, with premium income – not including premium reserves it received on transfers in – climbed to NOK26.2bn between January and September from NOK22.7bn in the same period in 2015.In the last few years, KLP has seen membership surge after commercial pension providers Storebrand and DnB Livsforsikring left the municipal pensions market, gaining public sector occupational pension contracts from 87 new municipalities and county administrations, and 346 businesses in a two-year period.last_img read more

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Duterte prioritizes Filipino workers over Chinese – Palace

first_imgMANILA – Malacañang assured the public thatPresident Rodrigo Duterte “always” prioritizes Filipino workers over Chinese.This after a recent survey showed that majority of Filipinos are worried overthe increasing number of Chinese nationals working in the country.Presidential spokesperson Salvador Panelo said the country has strictimmigration and labor policies in place for foreign workers while adding thatthe Chinese have “seamlessly assimilated in the Filipino way of life forcenturies.”“The Filipino people are assured that this administration is strict inenforcing the law, especially those pertaining to our immigration and laborpolicies,” Panelo said in a statement.“The President, as always, will prioritize the interests of the Filipino peopleand our local labor force,” he added.The Social Weather Stations survey showed that 70 percent of adult Filipinosare worried about the rising number of foreign Chinese workers in the country.Of the said figure, 31 percent are “worried a great deal” while 39 percent are“somewhat worried.”Panelo, however, said that the outcome of the latest SWS survey is no longersurprising given that questioning was done with the assumption that “thereexists a cause of worry.”The SWS survey result came out just days after President Duterte warnedoffshore gaming operators, which mostly employ Chinese nationals, to settletheir dues with the Philippine government./PN Presidential spokesperson Salvador Panelo last_img read more

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Stacy Lynn Perry age, 39

first_imgStacy Lynn Perry, age 39, of Cedar Grove, Indiana died Tuesday, July 4, 2017 at Mercy Franciscan Medical Center in Harrison, Ohio.Born August 22, 1977 in Connersville, Indiana she was the daughter of Larry & Wilma (Adams) Baker. On April 30, 2002 she was united in marriage to Paul Perry and he survives.She was a member of Community Hope Church in Brookville; in her leisure time she enjoyed reading, swimming, and playing bingo.Besides Paul her loving husband of over 15 years, survivors include her parents, Larry & Wilma Baker a son, Braden Mikel-Gene Perry, two step children, Kristina Perry and Cameron Perry; two brothers, David Dewayne Adams and Joe Henry Mengedoht II; three step-brothers, Larry Eugene Baker, Troy Jason Baker and Todd Matthew Baker.She was preceded in death by two infant children, Pat Bailey and Ana Jean Kay Perry. Family & friends may visit from 12:00 Noon until 3:00 P.M. on Saturday July 8, 2017 at Phillips & Meyers Funeral Home, 1025 Franklin Avenue, Brookville.Pastor Rey Echavaria will officiate the Funeral Services on Saturday, July 8, 2017, 3:00 P.M. at Phillips & Meyers Funeral Home in Brookville.Memorial contributions may be directed to Autism Speaks. Phillips & Meyers Funeral Home is honored to serve the family of Stacy Perry, to sign the online guest book or send personal condolences please visit www.phillipsandmeyers.com .last_img read more

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Arsenal reclaim top spot

first_img The hosts overcame a sickening injury to defender Nathan Baker and were enjoying a strong spell when the Gunners hit them with their double blow. But after that the game seemed to be drifting away from Paul Lambert’s men until Benteke, who had again been looking ineffective, suddenly rediscovered his scoring touch after 76 minutes. The closing stages were scrappy and frantic – amid which Alex Oxlade-Chamberlain made his long-awaited Arsenal comeback – but there were no further goals. Arsenal’s record of having not lost at Villa Park since 1998 was maintained but Villa’s finish, despite a run of just one win in seven games, will offer encouragement. Baker was carried off on a stretcher wearing an oxygen mask after being struck in the face by a Serge Gnabry shot. He suffered mild concussion and initial reports suggested the problem was not too serious. Arsenal looked comfortable in the early stages, with Bacary Sagna finding space down the right and delivering some uncomfortable balls into the Villa box. Giroud glanced one opportunity wide from a header as the Gunners threatened to take an early grip. It felt like a night when Villa would have to make the most of any opportunity that came their way and it did seem wasteful when Fabian Delph dragged an effort wide from the edge of the area. Press Association Play was then interrupted for around six minutes after Baker took a long-range shot from Gnabry flush in the face. The 22-year-old hit the ground and did not move for some time as medics rushed to his assistance. Baker’s eventual departure – he was replaced by Leandro Bacuna – did not adversely affect Villa and they responded positively to open the game up. Karim El Ahmadi could have given the hosts the lead when he volleyed over from a Delph cross. Nacho Monreal was booked for cynically hacking down Gabriel Agbonlahor as Villa continued to press, but the Gunners soon put an end to their aspirations. Mesut Ozil released Monreal with a good ball down the left and the Spaniard’s pass inside was well controlled and clinically despatched into the bottom corner by Wilshere. Play had barely restarted when Delph was caught in possession and Wilshere lofted a precise ball into the path of Giroud. The Frenchman, returning to the side after two games out, made no mistake as he fired his 12th goal of the season into the roof of the net. Villa were stunned by the double blow and it was not until the second half, after a talking to by Lambert, that they started to threaten again. Bacuna got in range on the edge of the area but shot straight at Wojciech Szczesny before the same player fired a free-kick straight into the wall. Benteke wanted a penalty after tangling with Koscielny but referee Neil Swarbrick played on. Monreal burst forward for Arsenal and cut inside to shoot and was only denied by a superbly-timed tackle by Villa captain Ron Vlaar. Monreal was hurt in the challenge and was replaced by Kieran Gibbs after failing to run off the knock. Brad Guzan saved a low shot from Santi Cazorla and Szczesny was in action after Ashley Westwood struck a powerful 25-yard shot in his direction. Giroud had a chance to put the game beyond all doubt for Arsenal with 17 minutes remaining, but Vlaar did well to close him down and he could only sidefoot wide. Lambert tried to cajole his side into action but Benteke’s shot on the turn went well wide. It seemed like being another miserable night for the Belgian but he suddenly found his touch as he dived to meet a wicked bouncing cross from Matt Lowton and head home at the far post. The game burst into life and Tomas Rosicky was caught in the face by a hand from Agbonlahor in an aerial challenge. Tempers then flared as Benteke ran into two Arsenal tackles. Delph tried his luck from 30 yards but Szczesny dealt with his low shot. Rosicky, who had only been on the field 15 minutes, had to go off for further treatment and Oxlade-Chamberlain came on to see Arsenal through. Wilshere put Arsenal ahead in the 34th minute at Villa Park and then provided the pass for Giroud to double the lead just a minute later. Villa rallied late on and pulled one back with Christian Benteke’s first goal in four months, but they could not force an equaliser. Quickfire goals from Jack Wilshere and Olivier Giroud sent Arsenal back to the top of the Barclays Premier League with a 2-1 win at Aston Villa.last_img read more

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