Claudio Mamo, Chef Hiram Quintana, Vittorio and Luigi Ottaviano, and Ardian Mamo, 5, are partners in the new Vittorio’s Italian Restaurant at 1018 Asbury Avenue in Ocean City, NJVittorio Ottaviano, his brother Luigi, son-in-law Claudio Mamo and chef Hiram Quintana will offer Ocean City Fall Block Party visitors a taste of things to come on Saturday (Oct. 11).Ottaviano will open Vittorio’s Italian Restaurant on Wednesday, Oct. 15, at 1018 Asbury Avenue (between 10th and 11th streets).But on Saturday, he will offer visitors a chance to take a look at the remodeled space and to taste the restaurant’s signature fresh pasta, made on the premises during the block party.The new venture fills a space occupied by The Shore Thing restaurant until Superstorm Sandy in October 2012. Ottaviano has worked since August to get the new restaurant ready.He owns and operates Vittorio Trattoria in Pottstown, Pa., and he said he’s following his customers to Ocean City, where 60 percent of them own property or at least vacation. Trattoria is familiar with Ocean City from his own family vacations, and in June, he noticed a “For Lease” sign in the window on the 1000 block of Asbury Avenue. He said one phone call later his fate was sealed.Ottaviano said his Trattoria regulars would expect something that looks familiar to their favorite spot in Pottstown, so the new restaurant includes tablecloths, artwork and even faux wine barrels on the wall.Chef Hiram Quintana said that in addition to fresh pasta, the restaurant will feature farm-to-table local produce and seasonal seafood dishes.The restaurant will be open year-round, Ottaviano said, with lunch and dinner served seven days through the fall. Breakfast will be served in season, and brunch may be added on weekends.For more information, visit vittoriosrestaurant.com or call 609-398-7800.
As a second-year student at Harvard Law School, Crystal Redd could be preparing to spend a summer in New York or Washington at a prestigious firm. Instead, she’ll be heading to Georgia and Alabama, fighting not for a plum associate position but for the lives of poor defendants facing the death penalty.In choosing a public service path, Redd faces a host of career unknowns, starting with where she’ll find her first post-law school job. (Nonprofits, after all, aren’t known for launching massive recruiting efforts on campus.) But thanks to University support, Redd feels ready to take the plunge and pursue her passion for community work.“I think we need to let people know it’s OK to not know exactly what you’ll be doing after graduation,” said Redd, who will work this summer at the Advancement Project and with the Southern Center for Human Rights.With that in mind, Harvard President Drew Faust sat down with Redd, who was one of 10 students chosen as a 2012 Presidential Fellow for their commitment to public service initiatives. They engaged in a candid discussion of what the University can do to promote public service across Harvard’s Schools. The University honored the group, only the second to be awarded the grants from the Presidential Public Service Fellowship Program, during a luncheon at the Harvard Faculty Club on April 27.This year’s fellows, drawn from six Schools and programs at the University, will work with legal aid groups, school districts, and community theater groups. Chike Aguh (left) and Paul Perry discussed the program during the luncheon.“We want to continue to build a culture here that’s supportive of public service,” Faust said. “We want public service to have a high profile as a very important consideration for a life’s work.”Begun last year, the program provides grants of up to $5,000 for undergraduates and $8,000 for graduate students to fund summer projects across a wide range of areas and interests, from nonprofits and government agencies to community initiatives and social ventures. An anonymous donor funds the program.Through the fellowship program and other initiatives, Faust said, the University hopes to broaden students’ conception of what public service can be, repositioning it not as a side interest but as a central part of a fulfilling career.This year’s fellows, drawn from six Schools and programs at the University, will work with legal aid groups, school districts, and community theater groups. One fellow will head to the White House to help improve performance management in the federal government, while another will run a community garden for at-risk youth in Boston’s Mission Hill neighborhood.The fellowship program, managed by the Office of the President, aims to expand its horizon beyond the summer by offering fellows resources to continue their public service once they return to campus.Fellows will be able to take online courses through the Center for Workplace Development and the Harvard Extension School and will have access to Rosetta Stone language software, helping them to build their skills in accounting, foreign languages, website design, or other topics that might help them to launch their own social initiatives.The fellows will be able to turn to each other, as well as to last year’s inaugural cohort, who also attended the luncheon to share their experience.“This is a wonderful opportunity,” said 2012 fellow Mackenzie Hild, a College sophomore, who will spend the summer on a Navajo reservation in New Mexico collaborating with a doctor and the local community to improve nutrition. “It’s great to feel supported by your peers in doing this kind of work.”Biographies of past and current fellows can be found here.
The NCUA Tuesday issued a Regulatory Alert to help credit unions prepare for the July 1 implementation deadline of an interagency rule that requires mortgage lenders to accept both private and government-backed flood insurance policies. The alert came as Congress struggles to reach a deal on an extension of the National Flood Insurance Program (NFIP).The NCUA alert outlines specifics for the acceptable alternatives to NFIP policies, which include:private flood insurance that meets the rule’s definition;private flood insurance accepted on a discretionary basis; andmutual aid society plans.“Credit unions should be aware of this significant policy change in flood insurance regulations and update policies and procedures to address these alternative options to NFIP policies,” said NCUA Chairman Rodney Hood in the alert. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
D-Resort Šibenik has become part of Small Luxury Hotels of the World, a prestigious international association that brings together just over 520 small luxury hotels in 80 countries.On a global scale, Small Luxury Hotels of the World is synonymous with a superior guest experience, combining the best destinations, the highest level of service quality and the uniqueness of each hotel. “It was the emphasis on the specifics and “personality” of each hotel that was the incentive for us to become a member of this association because we want to continue to develop our own style of personalized service and additional content”Said Nenad Tatarinov, General Manager of D-Resort Šibenik, adding that membership in this association will open new markets, primarily the United States and enable a stronger positioning in the UK market.Small Luxury Hotels of the World brings together hotels that meet very high criteria, and every year their experts check the level of quality of the offer and service of their members. In addition to worldwide promotion, SLH also opens access to some of the most famous agencies in the luxury tourism segment, such as Virtuos and Signature, which will bring more guests of higher purchasing power to Šibenik. In addition to SLH, D-Resort Šibenik has become part of Stories, Croatian Unique Hotels, a Croatian brand of luxury hotels that provide guests with a unique stay experience.In the first seven months of this year, D-Resort Šibenik recorded 81 percent more overnight stays compared to the same period last year, which is due to a large increase in interest from guests from the UK, the Benelux countries, Germany and Croatia. “The international regattas United Sailing Week and the European Championship races in the Melges 20 and Melges 32 classes, which will be held in July and hosted by the D-Marina Mandalina marina, also contributed to the increase in demand. Booking for the post season is also on the rise, especially in the business tourism segment, where D-Resort Šibenik has positioned itself in a very short time as an ideal place to organize smaller, more exclusive events. ” Tatarinov concluded.
Advertisement Advertisement Metro Sport ReporterTuesday 21 Apr 2020 7:50 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link2kShares Ozil is the highest-paid player at Arsenal on £350,000-a-week (Picture: Getty)Arsenal fan Morgan has been quick to defend Premier League footballers – who launched a charitable fund to support the NHS – but he was livid with Ozil’s stance, condemning the German’s decision.AdvertisementAdvertisementADVERTISEMENTInitially quoting the report on Good Morning Britain, Morgan said: ‘He’s made it clear he respects the decision that the other players have made, but he’s urged them to respect his.‘He’s made it clear he might be willing to do it in the future, but wants to see the full financial impact of coronavirus and didn’t want to rush into a decision.‘Shame on you Mesut Ozil. Shame on you. So let me get this straight, some of the younger players on far less money than you, are taking a 12.5% pay cut, a minuscule drop in the ocean for you, and you don’t want to do it?More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal‘Because you want to see how the financial situation plays out while you’re sitting on your backside on your PlayStation every night rather than actually playing football? Really?!‘Now I’ve reserved my condemnation for football clubs who have been furloughing using tax payer money when they’ve got plenty of money themselves: Liverpool, Newcastle, Tottenham all got shamed into doing U-turns on this kind of thing.‘The players I thought were getting a bad rap, but this is why some of them deserve a bad rap. Ozil, who has one goal this season, is out of contract next summer (Picture: Getty)‘People like Mesut Ozil who have just said, “No, sorry no, I may be the highest paid player at Arsenal, I might be one of the highest paid players in the world, I might be worth gazillions, and I might be sitting on my backside at the moment doing nothing. But no, I’m not going to take a pay cut”.’Later in the show he brought up Ozil a second time, adding: ‘The player he is saying no. He wants to see the full financial impact. And I’m sickened by that. Absolutely sickened. Someone as wealthy as him. Young players earning far less have agreed but he won’t, Mesut Ozil.’MORE: Arsenal star Mesut Ozil refuses to take pay cut on £350,000-a-week wagesMORE: Mesut Ozil sends message to Serge Gnabry after he’s spotted wearing Arsenal shirtFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page. View 3 comments Piers Morgan ‘sickened’ by Mesut Ozil refusing to take a pay cut and slams Arsenal star Sorry, this video isn’t available any more.Mesut Ozil has been slammed by Piers Morgan after the Arsenal star reportedly refused the club’s request to take a pay cut on his £350,000-a-week salary to ease the Gunners’ financial worries during the coronavirus crisis.In a statement on Monday, Arsenal confirmed that the majority of the first-team squad, as well as Mikel Arteta and his coaching staff, had agreed to a 12.5% salary reduction for the next 12 months.However, several reports since claim Ozil – the club’s highest earner – was one of three players to refuse to the agreement, instead only being prepared to defer his wages.
More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 20193/140 Enoggera Terrace, Paddington.Owner John Summerhayes bought the former Paddington Fire Station in 1996 and converted the upstairs area into his home. After going to battle with the local council, Mr Summerhayes eventually got approval to develop the adjacent carpark into a two unit complex known as The View. 3/140 Enoggera Terrace, Paddington.A two-bedroom apartment built on the carpark of a century-old fire station has hit the market in Paddington. The spacious property with stunning 180-degree city views is just one of two apartments at 140 Enoggera Tce. 3/140 Enoggera Terrace, Paddington.The complex was completed six years ago and the top apartment, 3/130 Enoggera Tce, is now on the market. “It has absolutely amazing views from the balcony,” Mr Summerhayes said. “The bedroom doors and the lounge room doors both open to the balcony and you have views from the city to Mt Coot-tha.” 3/140 Enoggera Terrace, Paddington.The contemporary apartment has two bedrooms with built-in robes and an ensuite in the main. There is also a two-way bathroom, laundry and built-in storage. The kitchen has a walk-in pantry, 900mm Smeg oven, induction cooktop and parquetry floorboards.
Christoph SchlienkampSource: Bankhaus LampeHowever, German investment professionals organisation DVFA countered that removing quarterly reports could bring more volatility to equity markets.Christoph Schlienkamp, board member of DVFA and head of its corporate analysis committee, said: “It is the times between the reports in which investors become shaky. Times without facts are times for rumours.”The notion that quarterly reporting encouraged short-term thinking was outdated, Schlienkamp argued. In a statement issued by the DVFA, Schlienkamp, an analyst at Bankhaus Lampe, a German private bank, said investors needed the most up-to-date figures on cash flows and income in order to understand significant changes affecting companies.Schlienkamp also cited a study by researchers from the Kelley School of Business at Indiana University and the London Business School, published in January.Authors Salman Arif and Emmanuel De George studied the reports and stock price performance of more than 9,400 companies from 29 countries between 2001 and 2012. They found that a reduced frequency of reporting “may lead investors to overreact to alternative sources of information for non-reporting periods due to the absence of own-firm earnings announcements”.Arif and De George said their research suggested that “starving investors of interim financial reporting” could impair investors’ ability to assess companies.A separate study, published last year by the CFA Institute, looked into the effects of the introduction of mandatory quarterly reporting in Europe in 2007. This requirement was dropped in 2014.It found that, in the UK after 2007, companies moved towards “more qualitative than quantitative” quarterly reports and “gave managerial guidance about future company earnings or sales”.The researchers – Robert Pozen, Suresh Nallareddy, and Shiva Rajgopal – also reported an increase in analyst coverage and an improvement in their earnings forecasts.By 2015, a year after mandatory quarterly reporting was abandoned, the CFA found that “less than 10%” of companies had stopped issuing the reports. There was “a general decline in the analyst coverage” of those that scrapped the reports, the researchers said.While the authors supported keeping quarterly reports, they advocated a “streamlined” system for them based on the UK’s rules for interim management statements.SEC ‘considering options’For its part, the SEC has pledged to “continue to study public company reporting requirements”.SEC chairman Jay Clayton said in a statement responding to Trump’s tweet: “The president has highlighted a key consideration for American companies and, importantly, American investors and their families – encouraging long-term investment in our country. Many investors and market participants share this perspective on the importance of long-term investing.“Recently, the SEC has implemented – and continues to consider – a variety of regulatory changes that encourage long-term capital formation while preserving and, in many instances, enhancing key investor protections.“In addition, the SEC’s Division of Corporation Finance continues to study public company reporting requirements, including the frequency of reporting. As always, the SEC welcomes input from companies, investors, and other market participants as our staff considers these important matters.”Further readingDoes Financial Reporting Frequency Affect Investors’ Reliance on Alternative Sources of Information? Evidence from Earnings Information Spillovers Around the World (Arif and De George; Kelley School of Business Research Paper, 2018)Impact of Reporting Frequency on UK Public Companies (Pozen, Nallareddy and Rajgopal; CFA Institute Research Foundation, 2017) European companies are only required to report financial data every six months, although many larger firms also give quarterly updates in line with US reporting.In a statement to the CNBC television channel, Nooyi said: “Most [market participants] agree that a short-term-only view can inhibit long-term strategy, and thus long-term investment and value creation. Indra Nooyi speaks at the World Economic Forum in Davos in 2010Credit: Michael Wuertenberg “My comments were made in that broader context and included a suggestion to explore the harmonisation of the European system and the US system of financial reporting.“In the end, all companies have to balance short-term and long-term performance.”UK asset management trade body the Investment Association said the proposed move to six-month reporting was a “significant and positive intervention” from Trump.Chief executive Chris Cummings agreed with Nooyi’s sentiment that the need for firms to publish quarterly results often forced a focus on “artificial short-term timeframes” and was a distraction from longer-term objectives.“A move away from quarterly reporting would allow companies to lift their heads up, move away from constantly focusing on short-term market expectations, and instead manage their businesses with greater focus on how to build sustainable, long-term success and invest in a way that boosts productivity,” Cummings added.“Times without facts are times for rumours”Christoph Schlienkamp, DVFANasdaq, one of the US’s leading stock exchanges, published a report last year in which it also advocated semiannual reporting. It argued that such a move would encourage long-termism while also reducing costs. Companies could update “key metrics” between reporting periods “using the tools readily available to them”.‘Nein, Herr Trump’ Investors are split as to the benefits of scrapping quarterly reporting, as suggested by US president Donald Trump earlier this month.Trump tweeted on 17 August that a “top business leader” had suggested changing US equity market rules away from mandatory quarterly results to six-month reporting, and said he had asked the US regulator to “study” the idea. He later credited outgoing PepsiCo CEO Indra Nooyi, a member of an influential “business roundtable” group, with the suggestion.US rules require all companies listed on its stock exchanges to report quarterly financial data to the Securities and Exchange Commission (SEC).
Norwegian Minister of Petroleum and Energy, Terje Søviknes, has been removed from his role and replaced by a member of the Norwegian Parliament. In a session of the Council of Norwegian state on Friday, the Norwegian King has made changes in the government.The changes include the appointment of Member of Parliament, Kjell-Bjørge Freiberg, as Minister of Petroleum and Energy.At the same time, Minister of Transport and Communication, Ketil Solvik-Olsen, and Minister of Petroleum and Energy, Terje Søviknes have been honorably discharged from their offices.The changes are active as of August 31, 2018, the government said.Søviknes took the role of the Minister of Petroleum and Energy in December 2016, following the departure of Tord Lien.
Maersk Supply Service said on Wednesday that two of its older assets – Maersk Advancer and Maersk Asserter – were divested as of 12 June 2020. In 2016, Maersk Supply Service set out to reduce its fleet in response to the global over-supply of offshore support vessels. Maersk Supply Service has sold two of its older anchor handler tug and supply (AHTS) vessels due to the current market situation and the global oversupply of offshore supply vessels. In total, 26 PSV and AHTS vessels have since 2016 left Maersk Supply Service’s fleet. After the recent sale, 41 vessels are in the fleet. Source: Maersk Supply Service The divested vessels have been either recycled or modified by their new owners to compete outside of the offshore supply vessel segment. The vessels have been sold to an international buyer and will be modified for use in a non-competing industry. Chief Commercial Officer of Maersk Supply Service, Carsten Gram Haagensen, said: “As a response to the recent downturn in the oil and gas industry, we have re-evaluated our fleet composition and future fleet deployment. As we expect insufficient commercial opportunities for Maersk Advancer and Maersk Asserter, we have concluded that a sale of these assets is the most attractive solution. “With this, we continue to take active steps to right-sizing the supply side of the market that the OSV industry needs for a sustainable recovery”.
Are you satisfied with the start of the season for the Cincinnati Bengals and the Indianapolis Colts? The Bengals are off to a 2-0 start for the first time in several years. They will have to play their next couple of games most likely without starting running back, Joe Mixon. It appears that the Bengals have solved some of the offensive problems that plagued them the last 2 years.The Colts are 1-1 having lost their opener to the Bengals 34-23. It certainly appears that Andrew Luck is totally recovered from his shoulder problem. The Colts also seem to have a much better defensive team then they have had the last couple years.It should be a good season for both teams. Whichever team you follow, I hope they make the playoffs.