Basel Committee issues final stress testing principles

first_imgMoreover, stress testing has become more important in the years since the crisis, the committee says, nd is now considered a critical element of risk management for banks, and a key tool for banking regulators.The principles have been streamlined so that they can be applied across a range of banks and jurisdictions, while also facilitating evolving best practices.The principles focus on the core elements of stress testing frameworks. These include the objectives, governance, policies, processes, methodology, resources and documentation that guide stress testing activities and facilitate the use, implementation and oversight of stress testing frameworks. OSFI seeks to step up sector’s cyber resilience Keywords Banking industry,  Stress testsCompanies Basel Committee on Banking Supervision How should banks allocate capital for crypto? Related news Translating climate risks into financial risks takes workcenter_img Share this article and your comments with peers on social media The Basel Committee on Banking Supervision issued its final stress testing principles on Wednesday, which replace the Principles for sound stress testing practices and supervision published in May 2009.The revised principles set out best practices for stress testing and supervising global banks. They are designed to address key weaknesses in stress testing practices that were exposed by the financial crisis, the committee says in a news release. Facebook LinkedIn Twitter James Langton last_img read more

JDIC Strengthens Ability to Undertake Mandate

first_imgJDIC Strengthens Ability to Undertake Mandate UncategorizedJanuary 18, 2008 RelatedJDIC Strengthens Ability to Undertake Mandate RelatedJDIC Strengthens Ability to Undertake Mandate RelatedJDIC Strengthens Ability to Undertake Mandatecenter_img FacebookTwitterWhatsAppEmail During the 2006/07 fiscal period, the Jamaica Deposit Insurance Corporation (JDIC) continued to maintain a proactive stance, aimed at strengthening its ability to efficiently conduct payout to depositors.“An integral component of this stance is the ability to continuously identify and implement process improvement initiatives which will serve to foster and maintain a heightened state of readiness,” the Corporation’s annual report for the period states. Through research on the experience of deposit insurers worldwide and ongoing assessment of the dynamics in the local financial market, the Corporation sought to undertake initiatives designed to enhance its ability to participate effectively in intervention in the sector. Chief among these were: an insured deposit portfolio transfer project, an intervention matrix review, a policy record-keeping requirements project, and the development of a business process documentation and training manual.Under the insured deposit portfolio transfer project, the report notes, the JDIC sought to develop the institutional capacity to undertake insured deposit portfolio transfer. Under this arrangement, in the event of a policyholder failure, the depositor’s payment information is transferred electronically to another policyholder under an agency agreement.This initiative comprised three major components, including documentation development, information systems development, and a series of simulated transfers in collaboration with policyholders.The task of compiling project, policyholder, legal business process, and information and communications technology documentation continued during the review period, with plans to, during the second half of the 2007/08 financial year, re-open dialogue with policyholders with a view to developing the depositor data information system and undertaking the first of several simulations.Meanwhile, an internal Intervention Matrix Review Committee was established to undertake a comprehensive review with respect to licensed financial institutions, as the JDIC sought to provide transparency and clarify accountability in the system of enforcement and intervention. In 2000 the safety net players signed a Memorandum of Understanding, which sets out the framework (intervention Matrix) for action by the players in rectifying problems which may emerge with respect to the viability of licensed financial institutions. The safety net players include: the Bank of Jamaica, the Financial Services Commission, the JDIC, and the Ministry of Finance and the Public Service.The Corporation began an initiative during the review period designed to institutionalize record-keeping practices among policyholders that are conducive to timely and efficient payout. By the end of the year, the JDIC had completed a preliminary review of the related legislation locally and in other jurisdictions, and the practices of some of its policyholders. This initiative was expected to continue during the financial 2007/08 year, the report points out.In recognition of the importance of well-documented procedures and training material during an intervention, the Corporation continued its on-going effort of developing and updating its training material and payout guidelines. “The Corporation has a statutory obligation to take all such measures as may be necessary to ensure that there is the least possible exposure to loss. In so doing, one of the measures necessary is to ensure the accuracy of the data used to effect a payout and to reduce the potential for adverse claims,” the document explains. Advertisementslast_img read more

Asking for Testimonials

first_imgTwitter Pinterest TAGSE ColumnElizabeth SlaterIn Short Direct Marketing AdvertisementProviding a good experience for guests takes time and attention and may not be easy on busy days. However, when you have the opportunity to connect personally with guests, which you should do as many times as possible, it’s a great time to ask for an endorsement or testimonial.If the guest agree to do so, ask them if they have the time to do it before they leave and you will post it or you can offer to send them an email reminder if they wish to write the endorsement later.Asking for the endorsement also gives you a reason for you to collect their email address and more importantly, it gives them a reason to give you their email address. They may wish to provide the testimonial online through a post on Yelp, Facebook, a picture on Instagram or video on YouTube.If you can get a short testimonial while they are there, however, you have a better chance of it happening.Some guests may be intimidated by the idea of writing a testimonial. If this is so, give them ideas on the topic or topics they may wish to touch on. It may be something as simple as: “We had a great time.” Or…The excellence of the wine,What they most liked about the wine?Which wine was their favorite and why they liked it so much?The excellence of the serviceHow they were treated?What made an impression on them?Did they feel that the hospitality staff were pleased to see them?The winery and hospitality center itselfWere they comfortable in the winery?Were staff members friendly and helpful?Was the information they received easy to understand?Did they receive all the information they needed?Endorsements from your guests that you can promote on your website, on social media pages and in the tasting room will help your sales grow.Keep a page or book of endorsements available for guests to read when they visit the winery. Continually add new testimonials to your social media and website if the guests have not already posted their comments. New information will bring people back to your page.If guests have posted to one social media platform, put it on the others and add it to the list you keep in the tasting room. Thank guests and customers who provide testimonials on social media pages. For example, “Sue & Bob, Glad you enjoyed your visit to the winery Look forward to seeing you again soon.”Thanking them publicly makes the guests feel more connected to your winery and your wines. If the person who served them believes they made a connection, you can also add, “Sue says hi.”A tip of the glass from me to you.E Columnby Elizabeth “E” Slater, In Short Direct MarketingA recognized expert in the fields of direct marketing and sales in the wine marketplace. Slater has taught more wineries and winery associations how to create and improve the effectiveness of their direct marketing programs and to make the most of each customer’s potential than anyone in the wine industry today.Follow E on twitter @esavant and facebook.Advertisement Facebook Home Wine Business Editorial E Column Asking for TestimonialsWine Business EditorialE ColumnAsking for TestimonialsBy Elizabeth Slater – September 17, 2019 118 0 Linkedin Share Previous articleAfternoon Brief, September 17Next articleSip and Stroll Through the Sierra Foothills This Fall Elizabeth Slater Email ReddItlast_img read more

PIOJ Introduces Growth Inducement Strategy

first_imgPIOJ Introduces Growth Inducement Strategy Economic Growth & Job CreationMarch 22, 2011Written by: Douglas McIntosh RelatedPIOJ Introduces Growth Inducement Strategy FacebookTwitterWhatsAppEmail Story HighlightsRecommendations aimed at inducing short and medium term economic growth in Jamaica, have been included in a strategy developed within the Planning Institute of Jamaica (PIOJ).The document, a Growth Inducement Strategy for Jamaica in the Short and Medium Term, was developed through a special secretariat established within the PIOJ. It establishes a strategic framework for robust economic growth, aligned with Jamaica’s National Development Plan, Vision 2030.   Approved by Cabinet and endorsed by the International Monetary Fund (IMF), the Growth Inducement Strategy seeks, through proactive partnership between the government and the private sector, to build and sustain an enabling environment for creative and enterprising stakeholders. RelatedPIOJ Introduces Growth Inducement Strategycenter_img Advertisements Recommendations aimed at inducing short and medium term economic growth in Jamaica, have been included in a strategy developed within the Planning Institute of Jamaica (PIOJ).The document, a Growth Inducement Strategy for Jamaica in the Short and Medium Term, was developed through a special secretariat established within the PIOJ. It establishes a strategic framework for robust economic growth, aligned with Jamaica’s National Development Plan, Vision 2030.Approved by Cabinet and endorsed by the International Monetary Fund (IMF), the Growth Inducement Strategy seeks, through proactive partnership between the government and the private sector, to build and sustain an enabling environment for creative and enterprising stakeholders.A synopsis of the 170-page strategy was presented during the PIOJ’s recent Growth Strategy Symposium, at the Jamaica Conference Centre, downtown Kingston, by the agency’s consultant on the project, Professor Don Harris.Professor Harris highlighted several concerns arising during consultations which the Secretariat held with a wide cross section of stakeholders, which were deemed barriers to economic development.These factors, he said, were supported by a “systematic assessment” of commonly regarded and recognized constraints to economic activity in Jamaica, based on surveys and reports developed by international agencies, such as the World Bank, Transparency International, and the World Economic Forum. Among the issues were challenges related to crime and violence, energy, finance and taxation.On the matter of crime, Professor Harris pointed to the fact that any development of an economic policy would require a firm grip on associated challenges.“But, we also argue strongly, that there is need to address the problem from the standpoint of bringing back those communities that have been destroyed by economic distress and volatility and violence,” he stressed. He cited the Community Renewal Programme as an effort to “grapple” with the situation in a “systematic and serious way”.The Programme, which is being implemented through the PIOJ’s Community Renewal Secretariat, aims to guide the design and implementation of violence reduction and community development projects, in 100 of the most vulnerable and volatile communities.“We’re not saying that community renewal is crime reduction. We’re saying community renewal must be the basis on which the social structures in these inner city communities are reconstituted, in order to make them viable,” consultant said.Other factors Professor Harris highlighted included: inadequate technology applications in business; idle and under-utilized public and private sector assets; abundant under-utilized liquidity; and matters related to the built and natural environment.In addition to the recommendations on crime and violence and asset mobilization, Professor Harris pointed to the need for collaboration and partnerships among large and micro, small and medium sized business enterprises, to create an environment conducive to facilitating efficiency by all stakeholders.Regarding the built and natural environments, Professor Harris lamented the tremendous cost the country incurs, annually, from infrastructural damage and destruction, consequent on a range of hazards such as hurricanes, and, invariably, earthquakes.“We say let’s systematically attack those issues, by upgrading the infrastructure of the country, improve the roads, improve the embankments, introduce better gully management,” he said.Professor Harris pointed out that the Growth Inducement Secretariat’s mandate was not for a long term development plan, which already exists in the Vision 2030 Jamaica National Development Plan.“We believe those should constitute a guide to the way in which we think about policy, and the way in which we design policy, and we took very great care, indeed, in designing this strategy in thinking about those goals and trying to map the strategy into those goals,” he said. RelatedPIOJ Introduces Growth Inducement Strategylast_img read more

CRC amendments advance in the Legislature

first_img Lawmakers weigh abolishing the CRC or requiring it to stick to single-subject amendments A bill to do away with the once-every-20-year Constitution Revision Commission and another to limit future CRCs to proposing one subject per amendment are moving in both chambers, and the Senate has unanimously passed the latter.On March 27, the Senate voted 40-0 to send voters a constitutional amendment requiring future CRCs to have only one topic on each of its proposed amendments — the same limitation that applies to legislative and citizen initiative generated amendments.Six days earlier, the House Judiciary Committee approved and sent to the House floor HJR 249, an amendment which would ask voters to abolish the CRC.“Today is the day we end bundling,” said Sen. Rob Bradley, R-Orange Park, sponsor of SJR 74.In presenting the bill on the Senate floor on March 21, Bradley said “After the election the one issue that I heard over and over from my constituents is they were disappointed by those amendments that were bundled.”The amendment drew bipartisan praise, including from Sen. Daryl Rouson, D-St. Petersburg, and Sen. Tom Lee, R-Brandon, both of whom served on last year’s CRC.Lee said the CRC leadership failed to understand that the procedural rules that worked for the bipartisan 1998 CRC would not work well for the 2018 version, which was highly partisan. He called the amendment, “A step in the direction of good government.”Sen. Jose Rodriguez, D-Miami, said voters are “robbed” when they have to choose when voting on an amendment that contains provisions they both oppose and support.“When our Constitution Revision Commissions meet, they ought to be limited to a single subject. If they are not, what we saw in the 2018 election is likely to be repeated,” he said.The 2018 CRC sent nine amendments to voters, one of which was struck by the Supreme Court. Two covered single issues (state government ethics and greyhound racing) and the remainder covered two to four issues each. Voters did approve all eight CRC amendments.Arguments at the House Judiciary Committee on HJR 249 echoed those from earlier hearings — instead of looking at constitutional issues, the CRC focused on policy matters that should have been left for the Legislature and confused voters by “bundling” more than one issue in several amendments.“There was a constitutional amendment on the ballot that mixed a prohibition of vaping [in the workplace] with a prohibition of offshore drilling,” said Rep. Brad Drake, R-Eucheeanna, sponsor of HJR 249. “There were several others that just didn’t make sense.”(CRC members had argued that the vaping and drilling issues justified sharing an amendment because both were environmental issues. Likewise, another amendment grouped the Marsy’s Law victims’ rights provisions with raising the judicial retirement age from 70 to 75 and repealing the “Chevron doctrine” because those were all deemed to be court-related matters.)“We’ve gone to a super political committee,” Drake added. “We saw this last cycle there were members who sole purpose was to be a proxy vote for those who had appointed them.”Rep. Ramon Alexander, D-Tallahassee, said the CRC could have spent time culling useless or improper language or provisions from the Constitution, such as the pregnant pig amendment or reviewing and streamlining multiple property tax breaks, but didn’t.“This is the right thing to do,” he said. “Is there a way to salvage this commission so you could direct them to do what they were designed to do? I think the only way to do that is author another constitutional amendment and define what revision is. . . and then that would have to pass the voters.”However, Rep. Ben Diamond, D-St. Petersburg, said while he was disappointed in last year’s CRC, limiting it to single subject amendments might be the answer. He added that the 1978 and 1998 CRCs were considered much more effective and on point in their recommendations.“I’m not yet persuaded we should abolish or throw it out,” Diamond said. “The reason for that is I think how much our state has changed since we became a state in 1845.. . . The CRC provides a forum for us to think about big items on the structure of government.”Rep. Joseph Geller, D-Dania Beach, suggested voters should be given the power to adopt statutes by initiative, which would address the issue of the CRC dipping into policy instead of constitutional matters.The amendment passed the committee 15-2 and now heads to the House floor.HJR 53, the House CRC single-subject amendment has passed the Civil Justice Subcommittee and the State Affairs Committee and is pending in the Judiciary Committee, its final committee stop.SJR 362, to abolish the CRC, has passed the Judiciary and Governmental Oversight committees and is now pending in the Rules Committee, its last stop before going to the floor. CRC amendments advance in the Legislature Mar 27, 2019 Gary Blankenship Senior Editor News in Photoslast_img read more

Laughing Matters – National Hispanic Heritage Month, But Who Knew?

first_imgHomeOpinionColumnsLaughing Matters – National Hispanic Heritage Month, But Who Knew? Sep. 13, 2019 at 6:00 amColumnsFeaturedLaughing MattersNewsLaughing Matters – National Hispanic Heritage Month, But Who Knew?Jack Neworth2 years agoAhmanson TheaterHispanic HeritageJack NeworthJohn Leguizamo When I was in grade school my father often took me to Los Angeles’ historic district. He had a business friend who had an office there. My dad would bring me along and let me explore Olvera Street, which had great souvenirs, music and delicious Mexican food, all of which I found irresistible. (My mother, however, wasn’t exactly thrilled when I returned home with no appetite for dinner.)My childhood was in L.A. and my adult life has been in Santa Monica. Both cities are filled with Hispanic history. Los Angeles is Spanish for “The Angels” since its founding in 1850, and Santa Monica is Spanish for “Saint Monica,” the mother of St. Augustine, a sinner who became a saint and great writer of the Faith.There’s a tall, white statue of Saint Monica in Palisades Park. And, at 725 California, there’s St. Monica Church, and St. Monica High School, which was founded in 1899 and consistently excels in academic and sports.The point of all this (there better be one) is that I considered myself fairly well informed about Hispanic culture. But, until this week, I didn’t know there was a National Hispanic Heritage Month, which, as it happens, begins Sunday. So much for “well informed.”I was puzzled why National Hispanic Heritage Month is celebrated in the latter half of one month and through the first half of the next. I discovered it starts on September 15th to correspond with the independence of Costa Rica, El Salvador, Guatemala, Nicaragua, Mexico, and Chile. Meanwhile, communities across the U.S., Canada and Latin America, will mark the achievements of Hispanic and Latino Americans with festivals and educational activities.My connection to the Hispanic culture deepened in 2004 when I read an article in the L.A. Times “Was This Woman Railroaded?” The story chronicled the tragic life of Modesta Avila who, at 21, in 1889 San Juan Capistrano, boldly stood up to the Sante Fe Railroad, which had run track 15 feet from her front door without compensation.In protest, Modesta strung a clothesline across the track and later planted a sign on the tracks, “This land is mine!” In a rigged trial, Modesta became the first woman sent to San Quentin and died 3 months before her release. However, in 2002, the same railroad applied for a second line that would run through Capistrano. The young environmental activists discovered Modesta’s courageous protests and duplicated them as a rallying cry.Shockingly, the railroad was denied a 2nd line by a unanimous vote of the State Transportation Committee. I eventually wrote a screenplay, “Modesta – A Light Across Time,” because, even to this day, there are 911 calls describing her in a white dress, on moonlit nights at midnight, dancing barefoot on the tracks.In 2011, I wrote another screenplay about another charismatic Mexican-American, 1950’s tennis legend, Richard (Pancho) Gonzalez, who was called the “Jackie Robinson of tennis” for breaking the color and class barriers in tennis. The title is “Fury and Grace,” as Richard had an abundance of both.Born in 1928, the oldest of 7 children, Richard was raised in S. Central Los Angeles. When his father, Manuel, was 10, he and his father walked 600 miles from Mexico to Arizona, primarily at night to avoid the broiling heat and ruthless banditos. Manuel was tough and strict and Richard was rebellious, which was a tumultuous mix.Completely self taught, at 20 and 21, Richard won the U.S. Championships in 1948 and in 1949, when he became the last player in the tournament’s history to come back from 2 sets to love down and win. Always controversial and volatile, Richard’s considered among the greatest players of all time, finishing #1 in the world for a record 8 times.Lastly, in the spirit of the National Hispanic Heritage Month, is actor, stand-up comedian, filmmaker and playwright, John Leguizamo, in his hilarious (and educational) one-man play direct from Broadway, “Latin History for Dummies” at the Ahmanson Theater in downtown Los Angeles. The Tony and Emmy Award-winner who has also appeared in 75 movies and produced 10, gives the audience a “crash course” covering three continents and 3000 years of history.The idea for the play came about when Leguizamo’s son was being bullied at school and mocked for his Latino heritage. Leguizamo, who was born in Bogotá, Colombia, remembered his youth in New York and also being bullied. Leguizamo used his extraordinary humor to escape getting beat up but he wanted his son to be able to fight back with facts.A self-professed “ghetto scholar,” Leguizamo engaged in exhaustive research about Latinos that are not taught in the schools. The result is an undeniably entertaining, brilliantly funny and often poignant play whose time has definitely arrived. Meanwhile, I’m still thinking about the delicious food on Olvera Street.To learn more, go to:www.nationalhispanicheritagemonth.org. For Richard Gonzalez and the work done in his name, go to www.panchofoundation.org. “Latin History for Morons” info go to www.Ahmasontheater.org. Jack is at [email protected] :Ahmanson TheaterHispanic HeritageJack NeworthJohn Leguizamoshare on Facebookshare on Twitteradd a commentJack Neworthview all postsYour Column Here – Magical sounding “rent control that isn’t rent control”Lyft raises scooter prices to $0.26 per minute, joining Bird, Lime and JumpYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall7 hours agoColumnsOpinionYour Column HereBring Back Library ServicesGuest Author13 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press18 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press18 hours agoNewsCouncil picks new City ManagerBrennon Dixson18 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter18 hours agolast_img read more

A Look Back At Atlanta’s Disco Scene Ahead Of ‘Limelight’ Program

first_img Actress and singer Ann-Margret was captured dancing at the Limelight. ‘It’s Fractured’: Georgia Lt. Gov. Geoff Duncan On Healing Republican Party CREDIT / Guy D’Alema 123456789 The Limelight was located in the shopping complex next to where “Disco Kroger” is at 3330 Piedmont Road NE. CREDIT / Guy D’Alema CREDIT / Guy D’Alema The Limelight was located in the shopping complex next to where “Disco Kroger” is at 3330 Piedmont Road NE. CREDIT / Guy D’Alema Legal Advocate Discusses Medical Abuse At Shut Down Georgia ICE Facility The Limelight was located in the shopping complex next to where “Disco Kroger” is at 3330 Piedmont Road NE. Actress and singer Ann-Margret was captured dancing at the Limelight. CREDIT / Guy D’Alema Supermodel Grace Jones and the Limelight owner Peter Gatien pose for a picture inside the night club. Singer and drag queen Divine performed at the Limelight. Take a look inside the Limelight disco night club that used to be located in Buckhead. CREDIT / Guy D’Alema Take a look inside the Limelight disco night club that used to be located in Buckhead. A King Tut neon backdrop is illuminated inside of the Limelight. Singer Tina Turner gives the camera a thumbs up at the Limelight. CREDIT / Guy D’Alema Add to My List In My List CREDIT / Guy D’Alema Andy Warhol, artist, director and producer famous for his Pop art, was one of the celebrities that visited the Limelight.center_img Singer Tina Turner gives the camera a thumbs up at the Limelight. CREDIT / Guy D’Alema CREDIT / Guy D’Alema Supermodel Grace Jones and the Limelight owner Peter Gatien pose for a picture inside the night club. When disco was in its prime, Atlanta was home to one of the most in-demand, star-studded disco nightclubs of the time.The Limelight attracted iconic celebrities, such as Tina Turner, Andy Warhol and Grace Jones, to its location in Buckhead. Back in the early 1980s, the disco club was called the “Studio 54 of the South,” according to Guy D’Alema, the club’s former house photographer.The Buckhead Heritage Society will be remembering the impact that the Limelight made on Atlanta’s history during their upcoming program at the Sanctuary Nightclub on Aug. 22 at 7 p.m. D’Alema will be projecting images from his book “LIMELIGHT … in a sixtieth of a second” and sharing stories from back then.“It was a gigantic entertainment complex. We had disco performers performing track dates in the club,” D’Alema said. “Just about any celebrity that came to Atlanta wanted to spend some time in the club to get a sense of what all the talk was about.”Inside the club, neon lights illuminated the rooms while two sand sharks swam under the glass dance floor, according to D’Alema. Club exciters would bust moves on top of booming speakers. Sometimes man-made snow or confetti would rain down on partiers.“From the time the doors opened at nine until they closed at four, it was just non-stop energy pulsing through the building,” he said. “Between the music and the lights, your senses were attacked from the time you walked in to the time you left.”Various themed parties, like “Wet N Wild” with its 50-foot Slip N Slide and “Heat Wave” complete with hot tubs, brought people in from neighboring cities, according to D’Alema.“On an average weekend night, there was usually an hour, hour and a half wait just to get in the club. I mean the line extended outside the building and halfway down the other side of the shopping center,” he said.About 30 years since the Limelight in Atlanta closed, D’Alema said people still reminisce about their visits on the Facebook group, I partied (or worked) at Limelight Atlanta.“I was shocked as anybody that what I thought was just a club that was popular in Atlanta would still have legs this many years later,” he said.Currently, “Disco Kroger,” at 3330 Piedmont Road NE, sits next to where the Limelight was operating. CREDIT / Guy D’Alema Related Stories Singer and drag queen Divine performed at the Limelight. CREDIT / Guy D’Alema Andy Warhol, artist, director and producer famous for his Pop art, was one of the celebrities that visited the Limelight. Musician Paul Stanley and actress Donna Dixon visited the Limelight back when the nightclub was open. CREDIT / Guy D’Alema CREDIT / Guy D’Alema A King Tut neon backdrop is illuminated inside of the Limelight. CREDIT / Guy D’Alema CREDIT / Guy D’Alema CREDIT / Guy D’Alema Share CREDIT / Guy D’Alema CREDIT / Guy D’Alema For Whom The Bell Rings Musician Paul Stanley and actress Donna Dixon visited the Limelight back when the nightclub was open.last_img read more

eSports’ “path to profitability farther off than VR” for publishers – Pachter

first_imgeSports’ “path to profitability farther off than VR” for publishers – PachterDespite the slow ramp up of headsets, VR should monetize better for publishers in the next few years, the analyst saysJames BrightmanMonday 6th June 2016Share this article Recommend Tweet ShareVirtual reality dominated this year’s Game Developers Conference and it’s sure to grab numerous headlines at next week’s E3 Expo in Los Angeles, but for the average consumer, VR will have little impact on their lives in 2016. The installed bases will just be too low, but despite the slow adoption curve, Wedbush Securities’ Michael Pachter believes game publishers will be able to make more money on VR than eSports over the next few years. “We expect VR HMDs to sell fewer than 5 million units in 2016, and expect to see that sales figure double in 2017 and to double again in 2018. Once the installed base of HMDs has reached 20 million or so, it is possible that one or more of our covered publishers will begin to monetize its IP and to generate profits from virtual reality,” he noted.”eSports is also a 2016 event, but the path to revenue and profitability is probably farther off than it is for virtualreality,” he continued. “We expect the publishers to take baby steps with eSports, investing modest sums sponsoring and promoting tournaments, as each endeavors to find the right balance of opportunity. Over the next 5 – 10 years, we think that eSports can generate eyeballs and revenues that are on par with established sports such as NBA basketball or Major LeagueBaseball.”In an email to GamesIndustry.biz, Pachter did clarify that he’s talking strictly about the impact of eSports on the major publishers that Wedbush covers. As an overall revenue generator, eSports is of course much larger worldwide at the moment.Pachter sees the large market opportunity in VR as being at least 3 – 5 years away, so Wedbush does not expect publishers to deliver meaningful revenue contribution from VR anytime soon, but it could be even longer for eSports. While Pachter expects eSports ultimately to make a big difference for the publishers, the market could take 5-10 years to grow substantially.Related JobsSenior Game Designer – UE4 – AAA United Kingdom Amiqus GamesProgrammer – REMOTE – work with industry veterans! North West Amiqus GamesJunior Video Editor – GLOBAL publisher United Kingdom Amiqus GamesDiscover more jobs in games What’s interesting is that the two biggest publishers, Activision and EA, have taken very different approaches to eSports. Activision, which acquired Major League Gaming, is looking to make a dent with its own eSports channels and tournaments; the idea is to generate money from advertising, sponsorships, merchandising and ticket sales from tournaments. EA, on the other hand, “looks at eSports as an opportunity to drive interest in its games, similar to the way that AYSO soccer drives purchases of athletic shoes and uniforms,” Pachter noted.”On balance, we favor EA’s approach, as we believe it is a more realistic, albeit less lucrative, near-term opportunity. We think that by sponsoring tournaments, EA can create a pyramid of different skill levels, with entry level players at the bottom of the pyramid and professional players at the top. This is analogous to soccer, with hundreds of millions playing in youth soccer leagues and only several hundred players playing professionally. As players progress to higher levels in the pyramid, EA is making a bet that they will be more active players of the underlying eSports game, and will spend ever-increasing amounts for the game itself, on downloadable content for the game, and on microtransactions that will enhance their gaming experience,” Pachter continued.”Activision’s approach, on the other hand, appears to rely upon its ability to generate fan and viewing interest in tournaments based on its popular Call of Duty, StarCraft II, Hearthstone, Heroes of the Storm and recently released Overwatch brands. We think that the company’s desire to be ‘the ESPN of eSports’ is misguided; in our view, if anyone will be the ESPN of eSports, it’s likely to be ESPN itself. It is important to note that neither FIFA nor the NFL, owners of the two most watched televised sports in existence, generate significant revenues from their proprietary broadcasts of their respective sports on their own television networks. Instead, the sports leagues generate the bulk of their television revenues from licensing the rights to broadcast to the various broadcast networks.”Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The VR & AR newsletter and get the best of GamesIndustry.biz in your inbox. Enter your email addressMore storiesMTG loses money in Q1 despite greater revenuesESL Gaming parent company doesn’t expect a significant return to live esports events until 2022By Brendan Sinclair 12 days agoGrid secures $10m in Series A fundingGerman-based esports data company will use the “investment to take on the US”By Jeffrey Rousseau A month agoLatest comments Sign in to contributeEmail addressPasswordSign in Need an account? Register now.last_img read more

UK, France, Finland question Areva’s EPR reactor design

first_img New Jersey utility regulators extend zero-carbon breaks for PSEG nuclear power plants UK, France, Finland question Areva’s EPR reactor design RELATED ARTICLESMORE FROM AUTHOR 11.3.2009 Facebook “The EPR design, as originally proposed by the licensees and the manufacturer, Areva, doesn’t comply with the independence principle, as there is a very high degree of complex interconnectivity between the control and safety systems,” they said in a statement. The Financial Times reports that authorities in France, Finland and the UK have asked for changes to ensure greater independence of the reactor’s safety systems from control operations. Twitter No posts to display Linkedin Previous articleBig Stone II coal-fired power plant cancelledNext articleUAE eyes stakes in nuclear companies chloecox The request comes as the world’s first EPR, being built in Finland, continues to suffer severe delays amid wrangling between Areva and its client TVO. The project has also been hit by questions from the Finnish safety authority over construction procedures. French safety authorities have also halted work on the construction of the EPR at Flamanville due to safety procedure concerns. Areva also welcomed the joint statement from safety authorities as a positive step towards developing common international standards on reactor design, though it would still have to come up with slightly different solutions for each regulator it said. TAGSComEd Facebook NuclearReactors By chloecox – Linkedin Areva said that it was in talks with safety authorities about improvements to the design, but insisted that the request in no way implied the systems themselves were not safe. Both Areva and EDF, the French nuclear operator that is building its first EPR in northern France, said they would deliver suggested improvements by the end of the year. Suitors for halted Bellefonte nuclear project ask TVA to consider climate in reviving sale Optimizing Plant Performance: The April POWERGEN+ series activates today 3 November 2009 – Nuclear safety authorities in three countries have raised questions over the design of control and command systems in Areva’s Generation III+ EPR reactor. Twitterlast_img read more

Visiting Assistant Professor; Cinematic Arts & Theatre

first_imgThe University of North Alabama’s Department of Cinematic Artsand Theatre invites applications for a one-year visiting assistantprofessor beginning in Fall 2021. The successful candidate will be expected to produce creativework while maintaining excellence in teaching; develop and maintainan agenda of research and/or creative activities relevant in thefield; perform recruiting activities for the department; attendfaculty and other relevant meetings; mentor students in thedepartment; manage department equipment and facilities; and fosterdiversity and inclusion among students.The initial review of applications will begin on April 19, 2021and continue until the position is filled.The successful candidate will teach a 12-credit hour course loadfor the fall and spring semester that cover various levels of filmproduction (including Intro to Film Production, Intermediate FilmProduction, and Advanced Film Production); assist in supervisingaspects associated with the department’s film productions; performstudent advising duties; provide service to the universitycommunity; oversee/manage facilities and equipment; supervisestudent workers; and perform other duties as assigned.A terminal degree in a discipline of film production is required(MFA). Experience in teaching film production, editing, andcinematography is preferred. Candidates must have a proven trackrecord of professional work related to film production.To view a complete job description and/or apply for thisposition, please visit our Online Employment System at http://jobs.una.edu/postings/5857. Applications will only be accepted via this system. Please be prepared to upload, at the time of application, a coverletter, resume/CV, a reference list with contact information for atleast three professional/academic references, a creative portfoliowith links to no more than three film-related works (the candidateshould note their role on each project and upload under theattachment heading of “Other Document 2”), and a one-pagediversity/equity/inclusion statement (upload under the attachmentheading of “Other Document 1”). Information regarding thediversity/equity/inclusion statement can be found here: https://www.una.edu/humanresources/files/forms-links/diversity_statement_faculty.pdf.Transcripts are also required, but may be provided at a laterdate.  Please see the special instructions to applicants andminimum qualifications section of the posting for details regardingrequired documents. For questions, please email [email protected] or call256-765-4291 and select option #2. Selecting an option other than#2 will result in a delayed response.UNA is an equal opportunity employer committed to achievingexcellence and strength through diversity. UNA seeks a wide rangeof applicants for this position so that one of our core values,ethnic and cultural diversity, will be affirmed. UNA is asmoke-free campus. We welcome applicants who are committed toworking at a university that values diversity, equity, andinclusion for faculty, staff, and students. Strategic Diversity& Inclusion Plan: https://www.una.edu/vpem/diversity/index.html.last_img read more