CUs: How has the coronavirus pandemic affected your institution?

first_imgNAFCU continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrcenter_img The survey also explores potential long-term impacts of the pandemic, including approaches to branching, remote work policies, and operational changes.The results of the survey will be unveiled and discussed during NAFCU’s State of the Industry, June 25, a landmark virtual event that will bring credit union executives and board members together.The complimentary event, underwritten by Mastercard, is set to equip credit union leaders with the data, trends, and takeaways needed to make urgent decisions to keep operations running amid the pandemic and plan for the future. View the full agenda and register now.During the event, participants will also analyze how trends reflected in the survey will impact their credit union and how to adjust strategic planning to position their institutions to power through the pandemic.last_img read more

Breakfast sandwich at Owego Kitchen named after newborn baby

first_imgA community staple and a family now forever connected. And you know what they say, it takes a village. “Weekly, yes, we love it here,” said Romano. “She always customizes, it can never be anything off the menu!” said Lovelass. OWEGO (WBNG) — Chelsea Romano and her family visit the Owego Kitchen quite often. Some may even call them regulars. A story that won’t be forgotten anytime soon, especially now since Leo’s name is on the menu. Their breakfast outings have become a tradition. So when Romano went into labor on New Year’s Eve, not even that would keep her from stopping in. “So we decided to come, and we’re walking in, and my mom took a picture outside the building. She said, ‘I need to document this!” said Romano. “A whole bunch of their friends and family actually open our store every Black Friday. About 5 a.m. they come in, their group of 20 and we take care of them,” said Owego Kitchen owner Ike Lovelass.center_img “I love that it happened here. This is like my second home,” said Romano. But once she got up to the counter, her water broke. Every time Romano comes in, she orders the same thing. A maple egg melt with bacon, not ham. “We’ve actually taken the sandwich that’s on our menu, that she modifies all the time, and named it after their newborn, Leo. So we now have a Leo sandwich on the menu for our breakfast stuff,” said Lovelass. “They spend enough time here, that the odds were good!” said Lovelass. Romano and her family rushed to the hospital where her son, Leo, was born. Now looking back, of course his journey started at the Owego Kitchen. “My mom ordered and then my husband turned around and I said ‘I need your wallet…’ And then it just happened and I didn’t want it all over the place so I ran right out,” she said.last_img read more

Binghamton University, Windsor, Whitney Point collaborate on archaeology project

first_img(WBNG) — Higher educational institutions are partnering with local school districts to spark interest in STEM. The director of the facility Laurie Miroff told 12 News this age group is important because research has shown that is the age when students lose a lot of their excitement and enthusiasm for STEM concepts. The National Science Foundation awarded a 2-year grant worth roughly $300K to fund the program; it is expected to reach 150 students. Binghamton Univeristy’s Public Archaeology Facility is teaming up with the Whitney Point and Windsor school districts for a new program aimed at middle schoolers. Miroff said the grant allows the program to be pushed back a year if necessary. She said doing it virtually isn’t an option, as it needs to be in-person for the students to be fully engaged.center_img The students will be studying arrowheads and similar artifacts, and presenting their findings to their educators. “We’re in the planning process now; our original plan was to go into the schools in February and March of 2021,” said Miroff. “With the pandemic, we’re giving teachers a little bit of time to settle in, but pretty soon we’re going to be talking to those teachers in those schools, we have partners in those schools.” The director said she is currently coordinating with the districts to determine if the program is feasible during the pandemic.last_img read more

Manchester United boss Ole Gunnar Solskjaer growing frustrated with Paul Pogba amid transfer rumours

first_imgUnited are growing frustrated with Pogba (Picture: Getty)With questions beginning to build about Pogba’s commitment to the club, rumours continue to swirl that he has his heart set on leaving United.He spoke publicly during the summer about wanting a fresh challenge and his agent Raiola failed in an attempt to force a move away from United for his client.Real Madrid and Juventus have been mentioned as suitors, but United have refused to budge on their £100million-plus asking price.‘Today I would no longer bring anyone [to United],’ Raiola told Italian outlet La Repubblica about future dealings with the Red Devils.‘They would also ruin [Diego] Maradona, Pele and [Paolo] Maldini. Paul [Pogba] needs a team and a club, one like the first Juventus.’MORE: Frank Lampard tells Chelsea to hijack Manchester United’s transfer move for Moussa DembeleMORE: Manchester United boss Ole Gunnar Solskjaer rates Paul Pogba’s chances of facing Arsenal Solskjaer confident of improved Man Utd in 2020, pre-ArsenalTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 3:52FullscreenSolskjaer confident of improved Man Utd in 2020, pre-Arsenalhttps://metro.co.uk/video/solskjaer-confident-improved-man-utd-2020-pre-arsenal-2078664/This 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. Comment Pogba is set to miss United’s clash against Arsenal (Picture: Getty)Manchester United are growing increasingly ‘frustrated’ with Paul Pogba and his agent Mino Raiola, reports say.Raiola caused a stir this week by insisting he would never send another one of his players to Old Trafford, claiming Pogba needed to find another club.Pogba missed United’s last game as he continues his comeback to full fitness following injury and is set to sit out United’s New Year’s Day fixture against Arsenal.The Daily Mail claim the Frenchman told Ole Gunnar Solskjaer before United’s last game against Burnley that he needed more time to recover after making his return from a three-month injury lay-off.ADVERTISEMENT Manchester United boss Ole Gunnar Solskjaer growing frustrated with Paul Pogba amid transfer rumours Advertisement Pogba was left out of the Burnley squad as a result, but was then pictured attending a charity match in France over the weekend.AdvertisementAdvertisementSolskjaer dismissed questions about Pogba’s trip to France, but the United boss is privately growing ‘tired’ of the midfielder’s ‘antics’.Pogba’s return to action was delayed earlier this month due to illness, but the 26-year-old was pictured enjoying himself at his brother’s wedding just days before he was declared sick.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityThe playmaker did return in the defeat to Watford and made another appearance from the bench in United’s next game against Newcastle.But Pogba sat out the win over Burnley and will be absent for United’s crucial clash with Arsenal after not travelling to London with the rest of the squad on Tuesday.United are chasing Champions League football and will want to start 2020 with a victory after an woefully inconsistent 12 months. Metro Sport ReporterTuesday 31 Dec 2019 10:32 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.2kShares Advertisementlast_img read more

The Latest: Sugar Bowl donating $500,000 to charities

first_img___The French Rugby Federation has announced a support package worth 35 million euros ($38 million) to help ease the financial concerns of its amateur clubs during the coronavirus pandemic.Amateur rugby competitions in France were canceled for the season on March 27 after strict social measures were put in place to deal with the outbreak.The FFR has now arranged a package that will see 14 million euros ($15 million) go to clubs to cover losses and fees for this season and a further 21 million euros ($22.5 million) for the 2020-21 season.It means they will not have to pay for such things as insurance costs and license fees. The end of player contracts on June 30 will be honored.Boca Juniors won the title shortly before the AFA suspended all soccer on March 15.How teams qualify for the 2021 Copa Libertadores and Copa Sudamericana is also to be resolved.Tapia tells TNT Sports “everyone wants to play again when we can, and if we have to play in January because we couldn’t do it earlier in the year, we will.”___ Swin Cash and Kyle Korver are among the guests on the debut of a new NBA weekly roundtable series that will discuss how minority communities are being impacted by the coronavirus pandemic.The roundtable will be shown on the NBA’s Twitter page. Former NBA player Caron Butler will host.The roundtable coincides with several teams and players directing efforts to help meet the needs of those neighborhoods.Cash was a three-time WNBA champion player and now is the vice president of basketball operations for the New Orleans Pelicans.She says players “have really just tried to focus in on saying, ‘Look, we want to help the people that are losing their jobs, but we also know that there is a serious crisis dealing with the African-American and minority community.’” Associated Press Rugby officials are waiting to see what rules the government sets out following the end of lockdown before definitively deciding if a resumption is possible in the country’s top league.___Athletes in track and field can apply for money from a $500,000 fund to help them get through the coronavirus pandemic.World Athletics and the International Athletics Foundation have launched the fund to help athletes who have lost income because competitions are suspended.World Athletics president Sebastian Coe says the fund will try “to help as many athletes as possible.” It’s unclear when or if the track season can begin. Diamond League meets and the Olympics have been postponed.Coe says the fund was the idea of 1,500-meter world record holder Hicham El Guerrouj. The Moroccan runner will be part of the team examining applications from athletes.___The end of the Argentine league soccer season is expected to be ratified by the national association executive committee.AFA president Claudio Tapia says there will be no relegation until 2022 to ease club finances burdened by the coronavirus pandemic. Texas Tech athletic director Kirby Hocutt says the school will cut nearly $7 million from the athletic budget in the upcoming school year, including eliminating performance bonuses for himself and Red Raiders coaches.The cuts are needed because of the economic shutdown caused by the coronavirus pandemic, and deeper cuts may be needed if college football can’t play a full season, Hocutt told A-J Media in Lubbock, Texas.Hocutt did not say the school was cutting any jobs or sports. Most of the cuts will come from reducing administrative and operational expenses. Eliminating the bonuses for the coaches and himself will save nearly $2 million, he said.“The starting point here is simply we’re not spending any money right now that we don’t have to, and we’re not spending much,” Hocutt said.___ The money will go to assist the Second Harvest Food Bank, the Greater New Orleans Foundation’s Service and Hospitality Family Assistance Fund and the Hospitality Cares Pandemic Response Fund, which is managed by United Way of Southeastern Louisiana.“This organization’s primary mission is to generate tourism through amateur athletics,” Sugar Bowl Committee President Ralph Capitelli said Tuesday. “With the COVID-19 outbreak, we’re temporarily on hold, but that doesn’t mean we can sit on the sidelines. With this donation, our aim is to help people in need, especially those in the hospitality industry whose livelihoods have been so negatively impacted by the coronavirus.”The Sugar Bowl was founded in 1934, partly as a response to the Great Depression, and first played on Jan. 1, 1935. It started as the marquee event in a New Orleans-area economic development initiative launching a midwinter carnival of sporting events. ___The Atlantic Coast Conference will bring its men’s basketball tournament back to Greensboro, North Carolina in 2023 after this year’s tournament there was canceled near the midway point due to the coronavirus pandemic.center_img Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___The Sugar Bowl Committee is donating $500,000 to several organizations in an effort to help soften the financial hardship caused by the new coronavirus in the New Orleans area. The Latest: Sugar Bowl donating $500,000 to charities The league announced the move Tuesday.The ACC is headquartered in Greensboro, which has hosted the tournament 27 times, the most of any location. Last month’s event was canceled after two days of play, with regular-season champion Florida State being presented the tournament championship trophy in accordance with league bylaws without even playing a game.In a statement, commissioner John Swofford said returning to Greensboro in 2023 was “the right thing to do” while calling the relationship between the ACC and the city “extremely special.”The ACC Tournament will be held in Washington next year and in Brooklyn in 2022.___ More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 April 28, 2020 ___The French government says the rest of the soccer and rugby seasons won’t be completed because of the coronavirus pandemic.Prime Minister Edouard Philippe says “the 2019-20 season of professional sport … won’t be able to resume.”The top two divisions in French soccer both had 10 league games left to play. Rugby’s Top 14 league had reached the semifinal stage.France is expected to end its lockdown on May 11.last_img read more

$2 million Longines Breeders’ Cup Distaff – Recap & Quotes – Friday, Nov. 4, 2016

first_imgIt was the second Distaff victory for Beholder, who had won the race at Santa Anita in 2013 and had taken the Breeders’ Cup Juvenile Fillies here in 2012. Third-place jockey Joel Rosario (Forever Unbridled) – “I had a good trip. She relaxed nicely. The two that finished in front of me were too tough, but she really finished nicely; but third best today.” Winning jockey Gary Stevens (Beholder) – “It’s probably the most emotional race of my career because she’s so special to me and it’s her last race. I just asked Mr. (B.Wayne) Hughes if he has an extra paddock for me next to her because I probably should be getting on the plane with her and walking out right now, but I’m not ready. Third-place trainer Dallas Stewart (Forever Unbridled) – “What a great race. Very proud of her. She only got beat a length by Songbird and Beholder.” It was the fourth Breeders’ Cup victory for Spendthrift, whose other victory came in the 2011 Mile at Churchill Downs with Court Vision. “She gave me absolutely everything. I have a new respect for Songbird even in defeat. Beholder, even in the past, has never given me everything like she gave me today.” Never worse than second in 16 starts at Santa Anita, this was Beholder’s 14th victory here and pushed her earnings in excess of $6 million. Winning trainer Richard Mandela (Beholder) – “I made the statement that they better have their running shoes on to beat her. Then I kind of kicked myself for saying it. But it turned out I was right. She’s just a great horse. She understands my training better and better.”Second-place jockey Mike Smith (Songbird, favorite) – “She ran incredible and I’m so proud of her. The real Beholder showed up today. That was probably the best race she has run in her life. My filly made her reach down as deep as she has. In losing, I feel like we won. We got beat a short nose. It’s easy when you are winning and you have to take it when you lose. Beholder is retiring but my filly will get bigger and stronger next year as they all do when they get older. She’s a true champion.”Second-place trainer Jerry Hollendorfer (Songbird, favorite) – “It was a great race.  The fractions were a little slower than I thought they’d be early, but she still ran her race. She dug in through the stretch when the other mare came alongside of us.  From where I was sitting, it looked like we got beat right on the wire.” ARCADIA, Calif. (Nov. 4, 2016) – Spendthrift Farm’s brilliant mare Beholder ($8.60) nipped the previously undefeated by Songbird by a nose to win the 33rd running of the $2 million Longines Breeders’ Cup Distaff (G1) for fillies and mares on Friday afternoon at Santa Anita Park. Fifth-place jockey Florent Geroux (I’m a Chatterbox) – “I had great spot stalking Songbird. On the final turn, when (jockey) Gary (Stevens on Beholder) came to me on the turn, it looked like he had a ton of horse. My filly tried hard. Hats off to the winner.” Fourth-place assistant trainer of John Sadler, Larry Benavidez (Stellar Wind) – “It looked like she hopped at the start. She gave them a few lengths at the start. She ran well, considering everything, but it’s disappointing.”center_img LONGINES BREEDERS’ CUP DISTAFF QUOTES Fourth-place jockey Victor Espinoza (Stellar Wind) – “She hopped at the start and the race was over for us. She ran well.” Fifth-place trainer Larry Jones (I’m a Chatterbox) – “It was a good race. We took our shot and put ourselves in the place we wanted to be in. When you’re running against the best, that’s why I said that some Grade 1 winner was going to finish sixth –  and I think we finished fifth.” BEHOLDER BEATS SONGBIRD BY A NOSETO WIN LONGINES BREEDERS’ CUP DISTAFF On the far turn, I’m a Chatterbox and Beholder both went after Songbird but by the top of the stretch it was a two-horse battle royale between the 6-year-old mare and the 3-year-old filly, a duel that covered the entire stretch.Forever Unbridled rallied to finish third, 1 ¼ lengths in back of Songbird and 2 ½ lengths in front of Stellar Wind. Trained by Richard Mandella and ridden by Gary Stevens, Beholder covered the 1 1/8 miles on a fast main track in 1:49.20. Songbird, ridden by Mike Smith and perfect through her first 11 starts, led the field of eight through fractions of 23 1/5 and 47 seconds with I’m a Chatterbox and Beholder in closest pursuit. For Mandella it was his ninth Breeders’ Cup victory and second in the Distaff and for Stevens his fourth Distaff victory among 11 Breeders’ Cup wins. Stevens’ other Distaff wins in addition to Beholder’s double were One Dreamer in 1994 at Churchill Downs and Escena in 1998, also at Churchill Downs. Sixth-place trainer Todd Pletcher (Curalina) – “I thought she got a good trip, she just seemed to come up empty at the half-mile pole and kind of finished evenly from there.”last_img read more

Wheatbelt League Standings

first_imgThese are the latest standings from the Wheatbelt LeaguePeace River Stampeders 12-2Rycroft Rage 10-2Fort St. John Black Sox 10-5Grande Prairie Cougars 6-4Grimshaw Huskies 4-10Wanham Wildcats 3-8Fairview Outlaws 2-9Dawson Creek Diamondbacks 2-10- Advertisement –last_img

HARPS STUN LEADERS LONGFORD WITH AWAY VICTORY

first_imgFINN HARPS ended recent humdrum performances with a stunning away win at Longford Town.Even a late scary rally at Flancare Park by the home side failed to stop the Donegal men taking all three points.The small travelling support couldn’t believe what they were seeing as first Sean McCarron scored (18th minute) and Kevin McHugh added a second in the 34th to see the visitors in at half-time 2-0 ahead. When Longford’s Michael Funston scored an own goal with nine minutes left, Harps were 3-0 in front.And, it seemed, heading for an incredible whitewash of the Division One favourites.The hosts decided to give it a go and with two minutes on the clock Mark Salmon pulled back what seemed to be a mere consolation.But Michael Isichel added a second to reduce the deficit to 3-2 in injury time. Thankfully for the Ballybofey outfit Longford ran out of time….and the Harps are on their way back to Donegal with three more points.It was a great result for Peter Hutton’s team who close the gap on Town and Mervue.Longford Town: Chris Bennion; Noel Haverty, Willo McDonagh, Brian McCarthy, Willie Tyrell (Michael Isichei 80); Daniel Purdy, Gavin Doyle (Keith Gillespie 54), Mark Salmon, Keith Quinn (Etanda Nkololo 38); Gary Shaw, David O’Sullivan.Subs: Paul Hunt, Chris Deans, Des Hope, David O’Neill.Bookings: Noel Haverty 14mins, Willo McDonagh 55mins, Chris Bennion 63mins, Keith Gillespie 85mins Finn Harps: Ciaran Gallagher; James Doherty, Thomas McGonagle (Michael Doherty 84), Keith Cowan, Ciaran Coll; Michael Funston, Damien McNulty, Tommy Bonner, Gary Merritt (Matt Harkin 75); Sean McCarron (Shaun McGowan 90), Kevin McHugh.Subs: Johnny Bonner, Mark Forker, Aaron O’Hagan, Shaun Patton.Booking: Michael Funston 59mins, Ciaran Gallagher 90+3Referee: Sean Grant (Wexford) Attendance: 343 officialHARPS STUN LEADERS LONGFORD WITH AWAY VICTORY was last modified: May 12th, 2013 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:HARPS STUN LEADERS LONGFORD WITH AWAY VICTORYlast_img read more

Local students in global business contest

first_imgFour of South Africa’s brightest business minds have won the local leg of the Chartered Institute of Management Accountants Global Business Challenge (Image: Chartered Institute of Management Accountants) MEDIA CONTACTS • Buhle Zuma   Wits University  +27 11 717 1018 RELATED ARTICLES • Meet a top social entrepreneur • Soweto tours with a twist • Media tour boosts China-Africa link • Transforming waste to wealth Wilma den HartighFour of South Africa’s brightest business minds have won the local leg of an international business competition, showing the world that the country has no shortage of entrepreneurial talent.The Chartered Institute of Management Accountants (CIMA) Global Business Challenge (GBC) is an international business competition, designed for students around the world to showcase their business management skills and experience what it is like to be a business leader.The team of students from Wits University will travel to Sri Lanka in July to represent the country against 22 other teams from Ghana, Zambia, Russia, Australia, China, Bangladesh, Ireland and New Zealand.The competition runs in three stages, with teams first competing within their country or region and then proceeding to the global stages for the championship title.Entrepreneurship to create jobsThe Wits team’s win comes at a time when government policies continue to target job creation, fight youth unemployment, poverty and inequality.Last week the Oxford Business Group released The Report: South Africa 2012, a study about the country’s standing as an investment destination. The study notes that South Africa’s unemployment rate at 23.9%, and says it increases to above 30% when discouraged job seekers are included.The members of Team Monomatapa – Panache Chigumadzi, Simbarashe Nyatsambo, Khetinkosi Dlamini and Sizwe Nxumalo – believe that entrepreneurship is one way to address these challenges.Team leader Chigumadzi says more South Africans should start their own small businesses. “People can’t just sit around and wait for jobs,” she says.Although factors such as rigid requirements to access finance and business know-how deter young people from starting businesses, she believes that the South African business environment is the ideal platform for young entrepreneurs to polish their skills.“What makes South Africans different from developed economy entrepreneurs is our exposure to a dual economy,” she reasons.According to Encyclopedia of the Nations, South Africa has what is referred to as a dual economy – one comparable to industrialised countries and another similar to developing nations.“Our entrepreneurs understand these intricacies, which makes it easier for us to work in frontier markets,” Chigumadzi says.Keeping an eye on new marketsNew entrepreneurs should think beyond traditional markets, says Chigumadzi. South Africa’s membership of the BRICS group of developing economies will stimulate more trade, but other countries in Africa such as Rwanda and Ethiopia also offer many opportunities for business.“These are all growing and dynamic markets,” she says.Stereotypes exist about doing business in Africa, she says, but many are not accurate.Many countries in Africa have a lot to offer – according to the World Bank Rwanda is the most business and investment friendly destination in East Africa. The report ranks the country at position 45 globally, having moved up 13 places from the position it held in 2010.The World Bank Doing Business Report is considered a reliable indicator of where foreign businesses should go when seeking investment opportunities, sound judicial systems and corruption-free regimes.A team with an eye for businessSamantha Louis, CIMA’s Africa regional director, speaks highly of the Wits team. “If this is the quality of future business leaders in South Africa, I am very hopeful for a positive and dynamic future for our country,’ Louis says.Most of the team members are finishing off their B.Com-related degrees in accounting science, economics, management and finances, and all of them want to get into business.Chigumadzi says what gave their team a competitive advantage in the challenge was its diversity.“We are all from different disciplines, which made it possible to bring many different views to the business case we had to analyse,” she says. “Our approach was more holistic.”Louis says the team’s achievement is even more noteworthy as they made it through to the finals without the support of a mentor, while still keeping up with their studies.The teams are required to develop relevant recommendations and solutions to a fictitious business scenario, putting their skills and knowledge in all areas of business management to the test.This year’s case featured a television content production company.They had to prepare a 3 000 word report based on the case study, give an oral presentation and participate in a gruelling question and answer session with the judges at the end of each presentation.“I think the question and answer session clinched the deal for us because we really knew our work and gave lots of practical solutions,” she says.The competition is an ideal opportunity to meet some of the world’s top employers who are sponsoring or judging the competition, get advice from business leaders and get a chance to identify career opportunities.Four of South Africa’s brightest business minds have won the local leg of an international business competition, showing the world that the country has no shortage of entrepreneurial talent. The team of students from Wits University will travel to Sri Lanka in July to represent the country in the global finals of the Chartered Institute of Management Accountants (CIMA) Global Business Challenge (GBC) to represent the country against 22 other teams from Ghana, Zambia, Russia, Australia, China, Bangladesh, Ireland and New Zealand.  The competition is held annually and is designed for students around the world to showcase their business management skills and experience what it is like to be a business leader.It is run in three stages, with teams first competing within their country or region and then proceeding to the global stages for the championship title.Entrepreneurship to create jobs The Wits team’s win comes at a time when government policies continue to target job creation, fight youth unemployment, poverty and inequality.  Last week the Oxford Business Group released The Report: South Africa 2012, a study about the country’s standing as an investment destination. The study notes that South Africa’s unemployment rate at 23.9%, and says it increases to above 30% when discouraged job seekers are included. The members of Team Monomatapa – Panache Chigumadzi, Simbarashe Nyatsamboy, Khetinkosi Dlamini and Sizwe Nxumalo – believe that entrepreneurship is one way to address these challenges.Team leader Chigumadzi says more South Africans should start their own small businesses. “People can’t just sit around and wait for jobs,” she says.Although factors such as rigid requirements to access finance and business know-how deter young people from starting businesses, she believes that the South African business environment is the ideal platform for young entrepreneurs to polish their skills.“What makes South Africans different from developed economy entrepreneurs is our exposure to a dual economy,” she reasons. According to Encyclopedia of the Nations, South Africa has what is referred to as a dual economy – one comparable to industrialised countries and another similar to developing nations. “Our entrepreneurs understand these intricacies, which makes it easier for us to work in frontier markets,” Chigumadzi says.  Keeping an eye on new marketsNew entrepreneurs should think beyond traditional markets, says Chigumadzi. South Africa’s membership of the BRICS group of developing economies will stimulate more trade, but other countries in Africa such as Rwanda and Ethiopia also offer many opportunities for business.  “These are all growing and dynamic markets,” she says. Stereotypes exist about doing business in Africa, she says, but many are not accurate.  Many countries in Africa have a lot to offer – according to the World Bank Rwanda is the most business and investment friendly destination in East Africa. The report ranks the country at position 45 globally, having moved up 13 places from the position it held in 2010.The World Bank Doing Business Report is considered a reliable indicator of where foreign businesses should go when seeking investment opportunities, sound judicial systems and corruption-free regimes.A team with an eye for businessSamantha Louis, CIMA’s Africa regional director, speaks highly of the Wits team. “If this is the quality of future business leaders in South Africa, I am very hopeful for a positive and dynamic future for our country,’ Louis says. Most of the team members are finishing off their B.Com-related degrees in accounting science; economics, management and finances, and all of them want to get into business. Chigumadzi says what gave their team a competitive advantage in the challenge was its diversity. “We are all from different disciplines, which made it possible to bring many different views to the business case we had to analyse,” she says. “Our approach was more holistic.” Louis says the team’s achievement is even more noteworthy as they made it through to the finals without the support of a mentor, while still keeping up with their studies. The teams are required to develop relevant recommendations and solutions to a fictitious business scenario, putting their skills and knowledge in all areas of business management to the test. This year’s case featured a television content production company. They had to prepare a 3 000 word report based on the case study, give an oral presentation and participate in a gruelling question and answer session with the judges at the end of each presentation.“I think the question and answer session clinched the deal for us because we really knew our work and gave lots of practical solutions,” she says. The competition is an ideal opportunity to meet some of the world’s top employers who are sponsoring or judging the competition, get advice from business leaders and get a chance to identify career opportunities.last_img read more

Yahoo Says It’s “Absolutely Committed” to Flickr

first_imgWe wrote a post yesterday calling into question the financial viability of Flickr, given another blogger’s rough estimates of its annual revenue, Yahoo’s struggles and the recent news that Delicious is going to be shuttered or sold.A number of people chimed in to reassure us that Flickr is going to be ok. First, former Flickr chief software architect Cal Henderson posted several comments assuring us that costs were lower than estimated and ad revenue much higher. Now today Yahoo PR sent us the following statement from Blake Irving, Chief Product Officer at Yahoo. Irviing says the company is absolutely committed to Flickr.“I appreciate the thoughtful discussion here and I want to add clarity to this topic: Yahoo! is absolutely committed to Flickr and its community of members. The board, myself, and the entire leadership team love this product and believe it is incredibly in sync with our product strategy for Yahoo! Flickr has a huge worldwide audience, an amazing brand, and it’s profitable. We’re excited to continue evolving and supporting Flickr so we can make the service even better. “Blake IrvingEVP, Chief Product Officer, Yahoo!Irving said roughly the same thing in 140 charecters a few minutes ago. You might recognize that avatar as the same one who freaked out and promised to fire whoever leaked the internal slide deck disclosing the company’s plans to “sunset” Delicious. I hope this is all for real. If Flickr were closed, or had less instead of more energy put into it, that would be a real shame. Tags:#news#web Why Tech Companies Need Simpler Terms of Servic… 8 Best WordPress Hosting Solutions on the Market Top Reasons to Go With Managed WordPress Hostingcenter_img marshall kirkpatrick Related Posts A Web Developer’s New Best Friend is the AI Wai…last_img read more