Fizik Tempo Powerstrap R5 road shoes return to lightweight velcro straps – Updated

first_imgThe latest performance road shoes from Fizik – the Tempo Powerstrap R5 – are a return to basics. While most companies have reached back to laces for the fully retro look & light adjustability, the Italian shoe & saddle company doesn’t go so far back in time – just returning to velcro straps.Fizik Tempo Powerstrap R5 affordable road shoesThe Tempo Powerstrap R5 isn’t quite a top-level road shoe for Fizik. That R5 designation suggests a mid level performance road shoe. And these get the same carbon reinforced nylon shoe as the standard Tempo Overcurve R5s which use a single Boa closure. But the new two-strap crossing Powerstrap closure does shave weight off the standard R5 and brings the price down as well.Fizik Tempo Powerstrap R5 Tech DetailsThe new shoes are the first to unveil the new Powerstrap Velcro strap design, but are rumored to not be the only shoes to get the new closure. Instead of a simple strap closure that pulls the two sides of the shoe together like you usually get in a velcro strap shoe, the Fizik Powerstrap traces back and forth across the forefoot pulling together more like you get with dial closure shoes. Then the upper strap offers more conventional tightening over the midfoot.The rest of the shoes construction is shared with the other R5 family, including the same flexible perforated synthetic upper.Of course even with wide, quality velcro, straps are cheaper than dials & wires. So these new Tempo Powerstrap R5 shoes sell for just 119€, down 30€ from the Boa equipped R5. That reinforced road sole is pretty isn’t overly light too, so these weigh in at 499g per shoe to deliver performance stiffness (more than twice the weight of Fizik’s top R1 shoes, weird?).UPDATE: OK, so much like we suspected, that 499g weight is actually for the pair, making these a nice light, affordable option. Fizik for some reason quotes the weight on these shoes for the pair, instead of per shoe like most of their lineup. Anyway, good news for anyone looking to buy a simple, affordable, light road shoe!The new shoes are available in all black, white & black, navy & black, and red & black. They come in wholes sizes 36-48, and half sizes from 37-47. Get them now direct from Fizik or through regular retail channels.Fizik.comlast_img read more

Ledyard Financial Group announces stock repurchase plan

first_imgLedyard National Bank,Ledyard Financial Group (Ticker Symbol: LFGP) today announced that its Board of Directors on April 26th authorized a stock repurchase plan pursuant to which Ledyard Financial Group may repurchase up to 40,000 shares of its common stock.Ledyardâ s Board of Directors and management are committed to maximizing shareholder value and feel that the recent increase in the dividend along with the stock repurchase plan demonstrate their commitment to this goal. Any repurchases will be made in the open market at prevailing market prices or in privately negotiated transactions in accordance with all applicable securities laws and regulations and are intended to make appropriate adjustments to the Companyâ s capital structure, meeting the share requirements of stock option plans and for general corporate purposes. Such repurchases will be made from time to time, subject to market conditions, at the discretion of Ledyard Financial Group management.Ledyard Financial Group, Inc., headquartered in Hanover, New Hampshire, is the holding company for Ledyard National Bank. Ledyard National Bank, founded in 1991, is a full service community bank offering a broad range of banking, investment, tax and wealth management services in the Dartmouth-Lake Sunapee Region. Ledyard National Bank has eight offices with locations in Hanover, Lebanon, Lyme, New London, and West Lebanon, New Hampshire and in Norwich, Vermont.Ledyard Financial Group, Inc. shares can be bought and sold through the NASD sanctioned â OTC Markets’under the trading symbol LFGP. Shares may be traded through an individualâ s broker. For more information, please refer to the â Investor Relations’section of the bankâ s website at is external) or contact the bankâ s Chief Financial Officer, Gregory D. Steverson. HANOVER, N.H.–(BUSINESS WIRE)– 5.2.2012last_img read more

Cigna leads Vermont health insurers in denied claims

first_imgCIGNA Healthcare,by Andrew Stein May 19, 2013 When Cigna disclosed its claims denials and executive compensation to the state, the publicly traded health insurance company revealed the highest rejection rate in Vermont. Its 2012 filing also contained some key inconsistencies.The public disclosure, which arrived 25 days after its due date on March 1, painted a very different view of the company’s executive compensation than the one submitted to the US Securities and Exchange Commission (SEC) 10 days earlier. Company representatives say this was due to a misunderstanding.Chart shows differences in Cigna compensations filings.The figure submitted for CEO David Cordani’s overall compensation was almost $9 million low. Cigna originally reported to Vermont that Cordani earned $3.9 million in 2012, compared to the $12.8 million filed with the SEC. Herbert Fritch, president of HealthSpring coordinated care plans under Cigna, earned $10.7 million in 2012, according to Cigna’s SEC filing. That’s a difference of $6.5 million from what was originally reported to Vermont.Cordani’s compensation was more than 10 times what MVP Health Care paid to its CEO last year and almost 22 times the amount Blue Cross Blue Shield of Vermont paid CEO Don George. MVP paid $1.25 million for the CEO position, which Denise Gonick took over from David Oliker in December, and Blue Cross paid George $587,184 for the year.While Cigna is a national company based in Connecticut, MVP covers New York, New Hampshire and Vermont, and Blue Cross of Vermont only provides coverage in the Green Mountain State.Related StoryMVP and Blue Cross claims denials.Wendell Potter, a former vice president for Cigna, brought the federal-state filing discrepancy to the attention of staff at the Department of Financial Regulation. Potter, who now reports on national health insurance issues, contacted the department in mid-April to say that Cigna ‘misrepresented’Cordani’s compensation, as he put it.Emails recovered in a public records request indicate that the company was aware of the discrepancy.‘The variance in total compensation â ¦ is due to the disclosure requirements for each document,’Stephen Petke of Cigna wrote to the Department of Financial Regulation.‘We do not agree with your interpretation of the instructions,’replied Kaj Samson, director of company examinations for the department. ‘The statute and the instructions are clear. Please re-file, taking care that total compensation agrees with the proxy statement.’Cigna re-filed this month and company spokesman Jon Sandberg said that the incongruity was caused by a misunderstanding of what the state wanted. He said public entities have no reason to obfuscate executive compensation.‘Proxies are very public documents,’he said about the SEC filings. ‘Executive compensation for public companies is very transparent.’Susan Donegan, commissioner of the Department of Financial Regulation, said that since this is the first year the state has required such filings, in accordance with Act 150, she would give Cigna the benefit of the doubt. She would not comment on potential ramifications related to the only late insurance filing and other issues the department is investigating.Sandberg said that he doesn’t think Cigna knew about the report right away.‘As best I can tell, we didn’t receive a notice at the right time and we found out a little bit later, and we filed it as soon as we could,’he said.Claims denialsCigna’s rate of denial was the highest of the three major insurance carriers in Vermont.According to its Vermont filing, Cigna denied 21 percent of all claims, more than one in five. MVP denied 15.5 percent of all claims and Blue Cross denied 7.6 percent.In a Huffington Post column headlined ‘The Higher Health Insurers’Claim Denial Rate, the Higher the CEO Pay,’ Potter spotlights a correlation between CEO salaries and denial rates in Vermont.Donegan said that what jumped out at her in the filing is that administrative denials accounted for the bulk of Cigna’s refusals. Administrative denials arise when there are clerical or administrative issues surrounding a claim.What are known as ‘member-impact denials’arise when someone is denied care for a treatment or drug that is deemed medically unnecessary.Generally speaking, health care professionals view administrative denials as more benign than member-impact denials because straightening out an administrative error is easier than filing an appeal for a medical reason.But Potter wrote in his column that the high administrative denial rate is still concerning.‘It defies reason to think that the doctors and hospitals in Vermont submitted inaccurate claims to Cigna at almost three times the rate they did to Blue Cross,’he wrote. ‘One of the things you need to know about the private health insurance business is that insurers make a lot of money when they delay paying a claim.’What’s more is that Cigna’s denials do not add up. Falko Schilling, consumer advocate at the Vermont Public Interest Research Group, pointed out the faulty math.Cigna reports denying a total of 42,139 claims in 2012, 30,130 of those were administrative and 6,461 were member impact denials. The administrative and member impact denials are supposed to add up, but they don’t. They fall more than 6,500 short of the total mark.Jon Sandberg said that this new filing is difficult for Cigna.‘We’re a national insurance company,’he said. ‘We don’t really keep numbers the way Vermont is asking us to comply with. We’re learning as we go, and I think there were a group on administrative denials who were approved. â ¦ We’re on a steep learning curve, and we’re doing our best to get it right.’The state’s insurance companyCigna contracts with Vermont to administer the health insurance plan for state employees.‘I haven’t had any problems with Cigna,’said Jeb Spaulding, secretary of the Shumlin administration. ‘When we hire someone, whether it’s Cigna or Blue Cross, they are using the rules that we set up.’According to numbers from the Department of Human Resources, Cigna covers 23,365 lives (employees and dependents) for the state. Kate Duffy, commissioner of the department, said that the state plan had an overall denial rate of 1.3 percent this past year.‘The state has a pretty generous plan,’she said.Cigna’s filing does not include these numbers; it only includes the 9,552 fully insured lives covered under its own plans.Cigna provides coverage to numerous employers in Vermont, and it administers plans for large employers. It does not offer individual plans in Vermont, and the company is not going to offer plans on the state’s new health insurance marketplace, called Vermont Health Connect. The estimated 118,000 Vermonters purchasing individual plans, or with businesses that have fewer than 50 employees, will choose between Blue Cross and MVP plans.A new member-owned health insurance cooperative, Vermont Health Co-op, is hoping to receive state licensure in the next month or two. If the cooperative receives the go-ahead, it would offer a third set of plans on the health insurance exchange. AMENDED REPORTlast_img read more

Sonifex to Feature DIO Audiophile Dante Interfaces at ISE 2020

first_imgSonifex’s new DIO Audiophile Dante Interfaces are plug and play audio interfaces, which provide a convenient method of connecting legacy analog and digital audio equipment to the Dante AoIP audio network. There are nine products in the range which cover mono and stereo analog and AES3 inputs and outputs, together with a microphone amplifier and a headphone output. They can be seen on the Sonifex ISE 2020 stand, 10-K167.If you’re converting audio sources into AoIP, it makes sense to use the best converters that you can afford, to benefit the whole network. These cost-effective products provide the answer. The difference between these units and others, according to Sonfiex, is the audio quality. Sonifex claims it’s using A/D and D/A circuitry that for analog I/O is 10 times better than similar competing products, offering >120dB of dynamic range.Using Dante Controller for configuration and powered by PoE, these rugged aluminum boxes have side slots for screw mounting and contain superior audio circuitry for optimal audio performance. They use rugged Neutrik EtherCon connectors and Neutrik lockable audio connectors for ultra-reliable connectivity. Information about all products in the range can be found here.last_img read more

Office take-up to plunge

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Affinia Group Names David Sturgess As Senior VP, Secretary And General Counsel

first_img“We couldn’t be more excited to have David on board with us,” said Keith Wilson, president and chief executive of Affinia. “With the move of Affinia’s headquarters to North Carolina, David’s significant experience in both private practice and in-house will make him a key asset to our company. David’s proven dedication to his community will be a perfect fit to our team, which already has a strong culture of kindness, friendship and community involvement.” “I am thrilled to join Affinia Group and become a member of a great international team that is highly respected both inside and outside its industry,” said Sturgess. “The company has an impressive history and an exciting future.  I welcome the opportunity to contribute to its continued success.” Previously, Sturgess was a partner at Updike, Kelly & Spellacy, a Hartford, Conn., law firm with three offices. During his 26-year tenure, Sturgess held positions as managing partner, treasurer and board member, as well as chair of business law practice group and venture capital and emerging companies subpractice group. He managed a diverse client base requiring a broad range of practice disciplines, including mergers and acquisitions, securities, international commercial transactions and debt and equity financings. He began his career with Day Pitney, also in Hartford, as an associate in the tax and corporate practice groups. Sturgess, who will become part of Wilson’s executive leadership team, brings more than 30 years of experience as an attorney in corporate environments and in private practice. He comes to Affinia from ReCommunity Recycling, the largest pure play recycling company in the United States. At Charlotte-based ReCommunity, he headed all legal activities, including mergers and acquisitions, debt and equity financings, real estate leasing, intellectual property, contracts and compliance and litigation. GASTONIA, N.C. – David Sturgess has been appointed senior vice president, secretary and general counsel of Affinia Group Inc., a global leader in the design, manufacture, distribution and marketing of industrial grade products and services. Active in volunteer work and professional affiliations, Sturgess is a member of the Association of Corporate Counsel’s national and Charlotte Chapters and part of the organization’s Sponsorship and Member committees. He has served as chairman, as well as a member of the board of directors of the Connecticut Venture Group, Crossroads Venture Capital Fair and Community Health Charities of New England. A magna cum laude Finance graduate of the University of Connecticut, Sturgess was a member of the board of directors and president-elect of the University of Connecticut Alumni Association and was a member of the board of directors of the University of Connecticut Research and Development Corp. He holds his juris doctorate from Duke University School of Law.AdvertisementClick Here to Read MoreAdvertisementlast_img read more

FERC readying Magnolia LNG EIS

first_imgLiquefied Natural Gas Limited released an update on the status of environmental impact statements due to be issued from the United States Federal Energy Regulatory Commission in relation to the company’s Magnolia LNG unit.FERC informed in its report that it is currently preparing the draft EIS for the projects based on the information received from the applicants and the comments received from stakeholders.FERC started the review of the Magnolia LNG project on March 20, 2013, when it approved Magnolia’s request to use the FERC pre-filing process. The environmental issue identification process began during this phase of the review. The pre-filing process ended when Magnolia formally filed its application with the FERC on April 30, 2014. The review of the Lake Charles expansion project on June 30, 2014, when Kinder Morgan formally filed its application with the FERC.Presently, FERC is conducting its environmental analysis of the proposed projects, the results of which will be presented in the draft EIS. The draft EIS will describe the potential environmental impacts of the projects, mitigation measures proposed for each project, alternatives considered, and will include an engineering design review of the proposed facilities. The draft EIS will also present FERC’s recommendations for additional mitigation and/or conservation measures to avoid or further reduce impacts on the affected environment.[mappress mapid=”16970″]LNG World News Staff; Image: LNG Limitedlast_img read more

Having a bawl

first_imgStay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to industry news as it happensBreaking, daily and weekly e-newsletters Subscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our community Subscribe now for unlimited access Get your free guest access  SIGN UP TODAY To continue enjoying, sign up for free guest accessExisting subscriber? LOGINlast_img read more

Residents vent dismay at gender-based violence

first_img Avril Andrews, Nadia Mayman de Grass and Patsy Daniels also came to show their support. Xola Qosha and Kashiefa Achmat from the Housing Assembly joined more than 200 picketers in Jakes Gerwel Drive to speak out against gender-based violence. 1 of 5 Xola Qosha and Kashiefa Achmat from the Housing Assembly joined more than 200 picketers in Jakes Gerwel Drive to speak out against gender-based violence. Bonteheuwel residents joined the team from Action Aid South Africa’s I Define Me project with a picket on Jakes Gerwel Drive, in response to all the rapes and murders of women and children.More than 200 people gathered with placards to express their dismay on Tuesday September 3, with many passing drivers hooting to show their support.The work of the I Define Me project relates directly to issues of gender-based violence. One of the objectives of the project is to highlight issues of crime and gender-based violence that affect girls and women on the Cape Flats.The project co-ordinator, Judith Kennedy, said another objective “is to ensure that girls are aware of their human rights and who is responsible for upholding those rights”.She added: “The last objective of the project is to challenge duty bearers who are responsible for government policy and laws, to actually implement these in pursuance of social justice for these girls.”In a statement from Action Aid South Africa, it said the I Define Me project condemns the spate of violence against women and children. “The last couple of weeks has been extremely traumatic for women and girls, especially on the Cape Flats. It has become impossible for women and girls to live a healthy, safe life. Rape, killing, abuse, gang violence is becoming a normal thing in our society, and this we cannot allow,” it reads.Ms Kennedy questioned themeaning behind having Women’s Month. “What does it mean for young girls today if all they see is gender-based violence? A total of 30 women were murdered in Women’s Month (by their partners). A one-year-old baby raped and the 57-year-old perpetrator walks free, a 14-year-old girl raped and killed and dumped in her grandmother’s yard, a young girl running an errand end up raped and killed, a six-year-old girl shot dead while playing outside her house, a 26-year-old pregnant mother is shot eight times while walking to the shop, a 19-year-old (student) raped and murdered. The list goes on and it is seemingly endless.” Yusuf Cassiem, Darelda Anthony, Janine Trout, Claudine Pretorius and Faldielah Haupt were among the picketers. Participants from the I Define Me project toyi-toy along the road. Soraya Salie from the Bonteheuwel Walking Ladies encouraged drivers to hoot in support.last_img read more

Two Young Dominican Leaders are Appointed OECS Sustainable Development Ambassadors

first_imgTwo enterprising young Dominican leaders, Tridel Edwin and Sapphire Vital, have been accepted as ambassadors of the Sustainable Development Movement 2020 Summit of the OECS Commission.SDM ambassadors are responsible for growing the network of movers for the SDM 2020 summit while planning and implementing local programmes geared towards spreading awareness about the sustainable development goals and facilitating discussion forums that will unearth innovative solutions that are positioned to accelerate the glorious come-back of Small Island Development States (SIDS).The OECS Commission says a total of 70 applications were received and after the implementation of a rigorous selection and due diligence process, the decision was made to engage 21 emerging leaders to serve as sustainable development movement ambassadors.They will participate in the sustainable development movement summit – a space where senior government officials, industry and private sector leaders, global entrepreneurs and civil society will converge over two days.Their objective is to network, experience real transformation and chime in on the exchange of thoughts, best practices, untold stories and strategies concerning sustainable growth and development within the Caribbean.Over 20,000 persons around the world have registered their interest in the summit 2020 which is scheduled for September in St Lucia.Tridel Edwin has made his mark in Dominica as co-founder and owner of 365 MMP, an artist manager and photographer.Audio Player Up/Down Arrow keys to increase or decrease volume.Sapphire Vital is an environmental change and management expert and works as a Sustainable Infrastructure Specialist. Share SDM Kick-Off Virtual Meeting hosted on Friday, June 19, 2020 Tweet Registration Now Open for SDM 2020. Click HERE or Image below to Register Share 1152 Views   no discussions Sharing is caring! EducationLifestyleLocalNewsRegional Two Young Dominican Leaders are Appointed OECS Sustainable Development Ambassadors by: – June 25, 2020 Share Audio Player Up/Down Arrow keys to increase or decrease volume.last_img read more