NAFCU witness to testify on RBC concerns before House panel

first_img 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr NAFCU witness Brian Ducharme, president and CEO of MIT Federal Credit Union (Cambridge, Mass.), will detail credit unions’ concerns about the NCUA’s risk-based capital rule (RBC) and comment on other legislation consequential to credit unions during a House Financial Services subcommittee hearing Thursday. His testimony marks the ninth time a NAFCU witness will deliver testimony before Congress this year.During the hearing, Ducharme will provide members of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit with his and NAFCU’s assessment of five bills that aim to provide regulatory relief to credit unions and other financial institutions. The hearing begins at 2 p.m. Eastern Thursday.One bill being considered, which was recently introduced by Rep. Bill Posey, R-Fla., would repeal the NCUA’s RBC rule, which is set to go into effect Jan. 1, 2019. continue reading »last_img read more

International architect Desmond Brooks selling luxury beach villa

first_img Another epic Gold Coast penthouse hits the market The living area. Style at every turn. The pool area of the Grand Sheraton Mirage on the Gold Coast.She described the Mirage as the “best available beachfront resort on the Gold Coast”.“What an opportunity where executives can enjoy a private holiday or with family and friends yet still be part of the exclusive Grand Sheraton resort with all the hotel has to offer including security and room service,” Ms Cole said.The COVID-19 pandemic has meant Mr Brooks has remained on the Gold Coast.“The whole family, 10 of us including my children and grandchildren, had finally planned to get away in June for a month,” Mr Brooks said.“We were going to go on a cruise and spend a couple of weeks in Hawaii. We had everything booked but then obviously we couldn’t go (due to COVID-19).”While he is semi-retired, he said he couldn’t give up work completely. “You’re mind just never stops, especially the design aspect,” he said. They include the Grand Sheraton Mirage, Palazzo Versace, Royal Pines Resort and Marriott Surfers Paradise Resort, Gold Coast International Hotel, The Wave and Soul.He has also lived and worked around the world on major hotel and casino projects.Mr Brooks, who is now 88, designed the then Sheraton Marina Mirage at Main Beach for his businessman friend the late Christopher Skase in the 1980s. Desmond Brooks is selling his Grand Sheraton Mirage condo. Picture by Luke Marsden. Desmond Brooks’ apartment at the Grand Sheraton Mirage. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:37Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:37 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenSpring selling predictions for 202002:37DESIGN king Desmond Brooks is selling his slice of the Grand Sheraton Mirage – more than 30 years after he designed the Gold Coast landmark.The renowned international architect and the company he founded were behind the designs of some of the Gold Coast’s most amazing structures. center_img One of the bedrooms. The kitchen. It was during the design period that Mr Brooks decided to buy one of the two-storey apartments.“I happened to say to Chris (Skase) ‘why don’t we build two apartments – one for you and one for me’,” Mr Brooks said.“He said ‘that was a great idea’. So I originally bought a two-storey one next to Christopher Skase.” While he has since offloaded his original apartment, he loved the building so much he bought a second villa for his family to holiday in.More from news02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago02:37Gold Coast real estate: another epic penthouse hits the market2 days ago“When we came back from Hawaii and settled down in Australia the kids said ‘dad, why don’t you get one of those villas again’,” he said.The father-of-two and grandfather-of-four said the two-bedroom villa was now surplus to his needs.“No one is using it and so my accountant said ‘why don’t you sell it’,” he said.Mr Brooks’ beachfront pad at 21/135 Seaworld Drive, Main Beach is being marketed through an expressions of interest campaign by Lucy Cole Prestige Properties managing director Lucy Cole. MORE NEWS: Gold Coast property: Upper Coomera house ‘on top of the world’last_img read more

Chase century leads West Indies recovery on day one

first_imgBRIDGETOWN, Barbados, (CMC) – Phlegmatic right-hander Roston Chase carved out a fluent unbeaten hundred to avert another West Indies catastrophe and frustrate Pakistan, on the opening day of the second Test at Kensington Oval here Sunday.With the innings threatening to come apart at the seams at 37 for three in the first session, the 25-year-old Chase stepped up to hit an unbeaten 131 – his second Test hundred – to propel West Indies to 286 for six at the close.Chase got support from captain Jason Holder who struck a composed unbeaten 58 while opener Kieran Powell chipped in with 38 and wicketkeeper Shane Dowrich, 29.New-ball seamers Mohammad Abbas (2-47) and Mohammad Amir (2-52) both finished with two wickets apiece but Pakistan’s bowlers were forced to toil without success in the final session as West Indies dominated.Chase anchored three key partnerships to fuel West Indies’ revival, the chief of which was an attractive 132-run seventh wicket stand with Holder.All told, the right-handed Chase faced 207 deliveries in three hours and nine minutes at the crease and struck 17 fours while Holder has counted eight boundaries in an innings spanning 125 balls and 161 minutes.Opting to bat first, West Indies seemed doomed to repeat the first Test tragedy when they lost their first three wickets cheaply.Opener Kraigg Brathwaite failed for the third straight innings with nine when he pushed tentatively at one from left-armer Amir and nicked a catch behind in the morning’s fifth over, with the score on 12.Skipper Jason Holder celebrates reaching his half-century on the opening day against Pakistan on Sunday. (Photo courtesy WICB Media)Four balls later in the following over with a single run added, left-hander Shimron Hetmyer (1) slashed at a side ball from Abbas and was well taken high at third slip by Azhar Ali.Shai Hope once again failed to impress, batting nearly an hour for his five before edging a defensive prod at leg-spinner Yasir Shah and giving wicketkeeper Sarfraz Ahmed a straightforward catch, 45 minutes before lunch.Chase and Powell then combined in a 65-run, fourth wicket stand that settled the innings and steered West Indies to lunch at 72 for three.The left-handed Powell never appeared troubled in his 83-ball and near 2-1/2 hour stay at the crease that included five fours but perished in the sixth over after lunch, lbw to Amir on review after he was initially given not out.Three overs later, left-hander Vishal Singh’s tough initiation continued when he edged the 13th ball he faced from Abbas low to Younis Khan at second slip to depart for three and leave West Indies on 107 for five, 40 minutes after the break.Not for the first time, Chase found an ally in Dowrich, and together they steadied the innings in a 47-run, sixth wicket partnership which blunted Pakistan’s attack.Dowrich had struck five fours in an innings lasting 54 deliveries and just over an hour when he edged a leg-break from debutant Shadab Khan to Younis at slip, to fall 14 minutes before tea.At the crossroads at 154 for six, West Indies gathered momentum through the enterprise of Chase and Holder.Unbeaten on 23 at lunch, Chase brought up his third Test half-century, 40 minutes after the resumption when he pulled a short one from Yasir to the ropes at mid-wicket, and was unbeaten on 70 at tea with Holder yet to score.Chase then strolled to three figures an hour and 20 minutes after tea, raising the landmark with a delightful cover drive off Shadab, to follow up his brilliant maiden hundred against India at Sabina Park last August.Not to be left out, Holder notched his sixth Test half-century and second in as many matches, bringing up the milestone late in the day with a couple to third man off Amir.WEST INDIES 1st InningsK Brathwaite c wkp Sarfraz Ahmed b Mohammad Amir 9K Powell lbw b Mohammad Amir 38S Hetmyer c Azhar Ali b Mohammad Abbas 1S Hope c wkp Sarfraz Ahmed b Yasir Shah 5R Chase not out 131V Singh c Younis Khan b Mohammad Abbas 3+S Dowrich c Younis Khan b Shadab Khan 29*J Holder not out 58Extras (b4, lb6, w2) 12TOTAL (6 wkts, 89 overs) 286To bat: D Bishoo, A Joseph, S Gabriel.Fall of wickets: 1-12 (Brathwaite), 2-13 (Hetmyer), 3-37 (Hope), 4-102 (Powell), 5-107 (Singh), 6-154 (Dowrich)Bowling: Mohammad Amir 22-4-52-2, Mohammad Abbas 18-4-47-2 (w2), Yasir Shah 25-2-83-1, Shadab Khan 23-3-90-1, Azhar Ali 1-0-4-0.PAKISTAN – Misbah-ul-Haq (captain), Azhar Ali, Ahmed Shehzad, Babar Azam, Younis Khan, Asad Shafiq, Sarfraz Ahmed, Mohammad Amir, Yasir Shah, Shadab Khan, Mohammad Abbas.last_img read more