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Posts made in January, 2017

SkyPan Press Release in Response to FAA 1/17/17

By on Jan 17, 2017 in Press Release | 0 comments

SkyPan International is pleased to announce that it has reached agreement with the United States Federal Aviation Administration to settle the civil penalty action initiated by the FAA in 2015 related to its unmanned aircraft systems (UAS) operations in New York City and Chicago during 2012-2014. While neither admitting nor contesting the allegations that these commercial operations were contrary to FAA regulations, SkyPan wishes to resolve this matter without any further expense or delay of business. Accordingly, it has entered into three-year agreement with the FAA in which SkyPan will pay a civil fine over a period of three years and pay an additional civil fine in the event Skypan violates any aviation regulation during the next year and pay a civil fine in the event it violates the terms of the agreement. In exchange, the FAA makes no finding of violation. SkyPan’s flights were conducted two years before the FAA’s first rule for commercial UAS operations, commonly referred to as Part 107, went into effect in August 2016, and all but a few were conducted before the FAA began to issue exemptions to authorize commercial UAS operations in September 2014 under the Section 333 process. SkyPan has never had an accident, and SkyPan has never compromised citizens’ privacy or security. SkyPan obtained a section 333 Exemption in 2015. For 28 years, SkyPan has offered innovative aerial robotic systems that serve the needs of the construction and real estate industries while adhering to the highest standards of safety and efficiency in its operation of those systems. SkyPan continues to strive to maintain the utmost levels of safety, security, and privacy protection in its operations. To that end, is pleased to join with the FAA to promote compliance with safety regulations governing UAS operations. All pilots – those operating both manned and unmanned aircraft – have a fundamental responsibility to abide by FAA’s regulations to assure a single set of operational allowances and restrictions that may protect the flying public, as well as people and property on the ground. SkyPan encourages all commercial UAS operators to carefully read Part 107, to understand its requirements and limitations, and to seek guidance from the FAA if they have any questions. Operators should...

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Press release concerning the Sovereign Military Order of Malta

By on Jan 17, 2017 in Press Release | 0 comments

(Vatican Radio) The Holy See Press Office has issued the following Press Release concerning events relating to the Sovereign Military Order of Malta: PRESS RELEASE In relation to the events of recent weeks concerning the Sovereign Military Order of Malta, the Holy See wishes to reiterate its support and encouragement for the commendable work that members and volunteers carry out in various parts of the world, in fulfilment of the aims of the Order: tuitio fidei (the defence of the Faith) and obsequium pauperum (service to the poor, the sick and those in greatest need). For the support and advancement of this generous mission, the Holy See reaffirms its confidence in the five Members of the Group appointed by Pope Francis on 21 December 2016 to inform him about the present crisis of the Central Direction of the Order, and rejects, based on the documentation in its possession, any attempt to discredit these Members of the Group and their work. The Holy See counts on the complete cooperation of all in this sensitive stage, and awaits the Report of the above-mentioned Group in order to adopt, within its area of competence, the most fitting decisions for the good of the Sovereign Military Order of Malta and of the Church. Rome, 17 January...

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Joint Press Release: Leaving no one behind: New INCEIF-IFRC partnership paves way to stronger humanitarian action

By on Jan 16, 2017 in Press Release | 0 comments

Kuala Lumpur, 16 Jan 2017—The Global University of Islamic Finance (INCEIF), has signed a Memorandum of Understanding (MoU) with the International Federation of Red Cross and Red Crescent Societies (IFRC) to leverage Islamic Social Finance opportunities and develop strategies and fundraising tools in support of Red Cross and Red Crescent humanitarian aid programmes.  The MoU was signed today at INCEIF’s Kuala Lumpur campus by INCEIF President and CEO Daud Vicary Abdullah and IFRC’s Under Secretary General for Partnerships, Tan Sri Dr. Jemilah Mahmood. The partnership aims to explore and expand ways Islamic Social Finance can be used as a tool to help National Red Cross and Red Crescent Societies respond to disasters and other crises, reduce vulnerabilities, support healthy and safe living and foster a culture of peace in at-risk communities. As part of the agreement, INCEIF will undertake research in innovative financial instruments that could assist Red Cross and Red Crescent humanitarian and development initiatives, including the design and development of Sukuk social impact bonds, Waqf and Zakat endowment funds and other mechanisms that make use of obligatory and voluntary faith-based donations.  Pilot projects will launch soon in select countries in Africa, the Middle East and Asia, including Malaysia. INCEIF will also provide guidance on ways to tap Islamic Social Finance, connect its alumni network in 80 countries with National Red Cross and Red Crescent Societies and advocate for the direct funding of programmes that alleviate suffering, build resilience and promote human dignity. In addition, the MoU includes the development of an IFRC internship programme for INCEIF students. “At INCEIF, we realise that it is a winning strategy to promote the development of Islamic Finance by establishing effective collaborative partnerships around the globe,” says Mr. Daud. “INCEIF is proud to add IFRC to our list of partners, which includes the World Bank, the Islamic Development Bank and the Islamic Financial Services Board.  It is an honour for INCEIF to share our expertise and knowledge in Islamic Finance to better society through the Duty of Care, which is the true spirit of Islam.” Dr. Mahmood says Islamic Social Financing has the potential to help address significant financial challenges in meeting the needs of millions of people caught in crises...

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“Black cabs are not public transport”: on the most baffling press release we’ve seen in some time

By on Jan 16, 2017 in Press Release | 0 comments

You know, I sometimes think that trade unions get a raw deal in this country. Reports of industrial action almost always frame it as a matter of workers’ selfishness and public disruption, rather than one of defending vital labour rights; and when London’s tube grinds to a halt, few people will find out what the dispute is actually about before declaring that the drivers should all be replaced by robots at the earliest possible opportunity or, possibly, shot. We should be a bit more sympathetic towards trade unions, is what I’m saying here: a bit more understanding about the role they played in improving working life for all of us, and the fact that defending their members’ interests is literally their job. Anyway, all that said, the RMT seems to have gone completely fucking doolally. TAXI UNION RMT says that the closure of the pivotal Bank Junction to all vehicles (other than buses and bicycles) exposes Transport for London’s (TfL) symptom-focused decision-making and unwillingness to tackle the cause of the problem. So begins a press release the union put out on Thursday. It’s referring to a plan to place new restrictions on who can pass one of the City of London’s dirtiest and most dangerous junctions, by banning private vehicles from using it. The junction in question: busy day. Image: Google. If at first glance the RMT’s words seem reasonable enough, then consider two pieces of information not included in that paragraph: 1) It’s not a TfL scheme, but a City of London Corporation one (essentially, the local council); and 2) The reason for the press release is that, at 5pm on Thursday, hundreds of black cab drivers descended on Bank Junction to create gridlock, in their time-honoured way of whining about something. Blocking major roads for several hours at a time has always struck me as an odd way of trying to win friends and influence people, if I’m frank, but let’s get back to the press release, the next line of which drops a strong hint that something else is going on here: TfL’s gutlessness in failing to stand-up to multi-national venture capital-backed raiders such as Uber, has left our streets flooded with minicabs. That suggests that this...

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Fitch: EU Covered Bond Liquidity Buffer Could Be Rating Positive

By on Jan 15, 2017 in Press Release | 0 comments

<!– td.tag-head{ background: font-weight: bold; } Tagging Info Close window Press Release General Info Title: Publication Date: Report Type: File name: Highlight Flag: Mkt Focus Flag: Rating Group Mappings Rating Group ID Rating Group Name Rating Subgroup Mappings Rating Group ID Rating Group Description Bond ID Ratable ID Subgroup ID Bond Name Market Sector Mappings Market Sector ID Market Sector Description Region Mappings Region ID Region Name Country Mappings Country ID Country Name State Mappings Other Info Origin Contact Info PDF Directory Close window –> Endorsement Policy – Fitch’s approach to ratings endorsement so that ratings produced outside the EU may be used by regulated entities within the EU for regulatory purposes, pursuant to the terms of the EU Regulation with respect to credit rating agencies, can be found on the EU Regulatory Disclosures page. The endorsement status of all International ratings is provided within the entity summary page for each rated entity and in the transaction detail pages for all structured finance transactions on the Fitch website. These disclosures are updated on a daily...

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