HAA announces Harvard Medalists

first_imgSusan S. Wallach ’68, J.D. ’71, has demonstrated a strong commitment both to Harvard and Radcliffe. Devoted to interdisciplinary collaboration and advancing women in the University, she has served as a Harvard Overseer, a Radcliffe College Trustee, a member of the Committee on the Status of Women Undergraduates, and a member of the advisory committees to both the Schlesinger Library on the History of Women in America and the Harvard Children’s Initiative.She played a central role in the negotiations between Radcliffe College and Harvard, leading to the creation of the Radcliffe Institute for Advanced Study. She has been a member of the Radcliffe Institute’s Dean’s Advisory Council since its inception, and currently serves as its chair. She has been an active and energetic volunteer and has chaired or co-chaired numerous reunion gift committees. Her invaluable counsel to the Radcliffe Institute was recognized with the Radcliffe Distinguished Service Award in 2003.As an Overseer, she demonstrated a commitment to University-wide citizenship. She has maintained close ties to Harvard Law School, of which she is a graduate, serving as a member of its visiting committee since 2003 and chairing or co-chairing many reunion gift committees. She is a director of the Harvard Law School Association of New York City. She serves on the visiting committee to the Harvard Graduate School of Education, where she has been involved in supporting the new doctor of education leadership degree (Ed.L.D.) program. She chaired the Overseers’ Standing Committee on Humanities and Arts in the Faculty of Arts and Sciences and serves on the visiting committee to Harvard College and to departments within the FAS. Harry L. Parker, the Thomas Bolles Head Coach for Harvard Men’s Crew, is widely regarded as the premier rowing coach in the United States. In his 50 years as head coach, he has led his crews to 21 undefeated regular seasons, 24 EARC Sprints varsity titles, 21 JV Sprints crowns, eight official and eight unofficial national championships, including three IRA championships since 2003, and a 42–7 record over Yale in the Harvard-Yale Boat Race. He worked with every U.S. Olympic Rowing Team from 1964 until 1992 and also served as the coach of the first U.S. women’s national eight, which won a silver medal at the 1975 World Rowing Championships. He coached the women’s crew again in 1976 when they won a bronze medal at the Olympic Games in Montreal.Parker’s Harvard crews have also enjoyed great success in international competition, with impressive victories throughout the world, particularly at the Henley Royal Regatta in England. During Parker’s tenure, Harvard crews have won more than 20 Cups at Henley in seven different events, including the Grand Challenge Cup, the premier event of the regatta. Harvard is widely regarded as having the strongest university rowing program in the world.Parker is renowned for his innovations in training and technique as well as for his dedication to his oarsmen. According to Bill Manning, associate head coach of men’s heavyweight rowing, Parker is “concerned for the well-being of every student in the program, trying to ensure that each and every oarsman has a successful and satisfying rowing experience while at Harvard.” He is widely acclaimed by his former rowers, Olympians and fourth-boaters alike, for instilling in them traits that led to success not only on the water but also throughout their lives.This past December, Parker received the USRowing Medal of Honor, the most coveted award in rowing. Ellen R. Gordon, G.S.A. ’69, and Melvin J. Gordon ’41, M.B.A. ’43, care deeply about Harvard and have served the University together in various capacities. Ellen served as the chair of a previous Harvard Medical School (HMS) campaign, and her high-profile fundraising savvy and clear endorsement provided HMS with what it needed to succeed. She is currently an honorary co-chair of the new HMS campaign. She has shared her wisdom about organizational management and good business practice with HMS deans for more than 20 years and has been a member of the HMS Board of Fellows since 1991. She is also a founding member of the HMS Systems Biology Council and a former member of the visiting committees for the Medical and Dental Schools and the Committee to Visit the Food Service.Throughout the 1970s, Melvin served on the Board of Overseers’ Committee to Visit the Russian Research Center. He is a stalwart volunteer for his College class and has served on his Harvard Business School Reunion Fund Committee. An avid sports fan, he has missed only a handful of home football games since World War II and is a member of the Harvard Varsity Club. Varsity athletes have benefited from the Ellen and Melvin Gordon Conditioning Center, located at the Malkin Athletic Center, and in 2006 Melvin received the Harvard Club of Boston’s “Harvard Club President’s Special Award,” presented each year at the Harvard football team’s annual dinner, in recognition of his contributions to Harvard athletics.Together, the Gordons made a monumental commitment to Harvard Medical School. In 2000, HMS’s Building A was renamed the Ellen R. and Melvin J. Gordon Hall of Medicine. The naming was in recognition of their generosity, which established a professorship, funded the creation of the Department of Systems Biology, renewed the building’s skylights, which were blacked out during WWII, and funded basic research “at the discretion of the dean” for many years.Ellen and Melvin have four daughters: Virginia L. Gordon; Karen Gordon Mills ’75, M.B.A. ’77; Wendy Gordon ’79, M.D. ’88; and Lisa Gordon ’93.center_img The Harvard Alumni Association (HAA) has named Charles W. Collier, Ellen R. and Melvin J. Gordon, Harry L. Parker, and Susan S. Wallach the recipients of the 2012 Harvard Medal.First awarded in 1981, the Harvard Medal recognizes extraordinary service to the University — from teaching, leadership, and innovation to fundraising, administration, and volunteerism. President Drew Faust will present the medals at the Annual Meeting of the Harvard Alumni Association on May 24 during Commencement’s Afternoon Program.2012 Harvard MedalistsCharles W. Collier, M.T.S. ’73, is a nationally recognized expert on philanthropy and family wealth consulting. He has not only established a widespread reputation for deep knowledge of his field but also has been a thought leader in advancing its development. He has worked with a national audience to broaden the concept of family wealth to embody dimensions of human, intellectual, and social capital in addition to financial assets.As Harvard’s senior philanthropic adviser, Collier used family systems theory to explore the challenges that families face in making decisions about their wealth and legacy. His approach has put Harvard at the forefront of providing alumni with a new resource. His book, “Wealth in Families,” has had as much influence as any other publication in encouraging family “breakthrough conversations” about inheritance and charitable giving.The fruits of Collier’s labor are visible everywhere on campus. He has been instrumental in crafting many of the largest gifts the University has received in the past 25 years, including one unusual donation in 1992 when Harvard received the Aspen Highlands Ski Resort. While doing this, he shared his knowledge of planned giving with donors and colleagues. In one of his letters of support, it was noted: “His persuasive abilities are legendary. He can make anyone feel good about giving twice what they thought they could give.”Collier has published articles in Trusts & Estates, the ACTEC Journal, Family Business Review, the Journal of Gift Planning, Advancing Philanthropy, and Gift Planning Today. He has been quoted in the Boston Globe, New York Times, Wall Street Journal, Financial Times, and Forbes.Collier is a graduate of Phillips Academy, Andover, and he holds a B.A. in religion from Dartmouth College and an M.T.S. from Harvard Divinity School.last_img read more

Waiting to implement an overdraft program could cost you

first_img 13SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Cheryl Lawson Cheryl has more than 30 years of experience in financial operations, consulting, communications, training and project management. She joined JMFA in 2001 and currently serves as the compliance liaison for … Web: www.jmfa.com Details In today’s highly regulated environment, financial institutions remain focused on any and all regulatory announcements and rulings regarding issues that affect their performance and profitability.For instance, in mid-May the Consumer Financial Protection Bureau (CFPB) announced its latest timetable for issuing rules on overdraft programs and other services included in its 2016 rulemaking agenda. According to the post, the agency has set no specific deadlines for issuing a final proposal on overdraft programs, instead suggesting that a pre-ruling – which typically includes a report or review panel – is anticipated in August.This announcement comes after on-going review of overdraft solutions, but no new rulings have been announced since 2010. You may recall, in June 2013, the CFPB issued a white paper summarizing its initial findings from an analysis of overdraft practices, based on supervisory data from several large banks. Then, in July 2014, the agency released a report, based on data from the same sources, providing additional information about the outcomes of consumers who do and do not opt in to overdraft coverage for ATM and one-time debit card transactions.Since that time, the agency has completed additional research and consumer testing initiatives regarding the opt-in process. At no time during this on-going review of overdraft services have regulators implied that financial institutions should be precluded from offering overdraft coverage for consumers.Sitting on the sidelines means missing out on revenue and improved service opportunitiesBut as this review process has continued, many credit unions have taken a “wait and see” approach before implementing an overdraft program or initiating a review of an existing program to make sure it is working at peak performance. Consequently, they have overlooked a potential source of revenue as service charge income has continued to decline – due in large part to downward trends in declining NSF and overdraft income. Whether credit unions have chosen to pass on implementing a fully-compliant overdraft program or have allowed an existing program to deteriorate, the inaction has cost them potential revenue and an opportunity to provide better service to their members.To reach your goals, keep moving forward while the systems are under review The thing is, new regulations and guidance occur on an on-going basis as industry conditions and consumer needs change. The key to keeping your business running efficiently during these times is to maintain fully compliant programs that are supported by the regulatory expertise necessary to help ensure that your credit union is in line with any rule changes.For example, after updating its existing overdraft service with an all-new, fully-compliant program, a credit union in the Northeastern U.S. experienced a 29 percent increase in non-interest income. This allowed the institution to offer free checking and eliminate a fee their members had been charged for PIN debit transactions. Plus, the fully-disclosed program provided comprehensive employee training and member communications which allowed the credit union to provide the service with total compliance peace of mind.According to the credit union’s CEO, “In addition to providing additional revenue that enabled the credit union to offer free checking and alleviate a member charge for PIN debit transactions, the program allowed us to improve service through regular communications with our members about their accounts and how to use the program responsibly. This meant members were able to make more informed decisions on whether or not to use the service, and it made them more informed consumers.”A Southeastern credit union experienced a 128 percent increase in revenue after implementing a fully-disclosed program and succeeded in providing members with an alternative to more costly financial products and services – like payday loans. Plus, through improved analytics and reporting capabilities, the program provided better results. “The program and provider’s compliance expertise allowed us to keep the program running effectively and made sure we were in line with examiners’ expectations,” stated the institution’s CEO.Don’t miss out on potential revenue any longerWith the low interest rate environment and a lack of new revenue-generating products and services available, maintaining a steady source of income can be challenging. A fully-compliant overdraft program enables credit unions to see revenue gains without making adjustments to fees. And because a disclosed program provides the service to a broader member population, there is more of an opportunity for revenue generation.As the regulatory process continues to slowly progress, waiting for a final ruling on overdraft solutions has proven to be a poor strategy for many institutions. However, implementing a fully-compliant overdraft program or upgrading your existing program can provide you with a reliable source of income and a valuable member service. As a result, your members – and your bottom line – will thank you.last_img read more

Redknapp: ‘Ditch the old guard and let England’s young stars shine at Euro 2016’

first_imgHarry Redknapp has called for Roy Hodgson to ditch England’s old guard and give the nation’s up-and-coming stars the chance to shine at next summer’s European Championships.A young Three Lions side comfortably beat Lithuania 3-0 on Monday night to ensure they finished their Euro 2016 qualification campaign with a flawless 100 per cent record.With injuries to a number of regular first-team players restricting his options, Hodgson’s starting XI for the Vilnius clash shared a total of just 140 caps between them.Captain for the evening Phil Jagielka was the oldest player in a white shirt at 33-years-old, with the likes of Ross Barkley, Harry Kane, Jonjo Shelvey, Jack Butland, Dele Alli and Danny Ings, all under 23, getting minutes.While inexperienced at international level, Tottenham striker Kane, Everton ‘diamond’ Barkley and Swansea playmaker Shelvey in particular have all impressed for their clubs over the past few years and established themselves as regulars in the Premier League.And, with the heroes of the previous ‘golden generation’ now out of the frame, Redknapp believes England boss Hodgson should begin build his team around his starlets.Speaking on the Alan Brazil Sports Breakfast, he said: “We’re in a situation now where we’ve gone tournament after tournament and experienced disappointment after disappointment – let’s give some of the young lads a go now.“Let’s give players like 19-year-old Dele Alli a chance. He’s only just broken into Tottenham’s first-team, but he looks a real talent and he’s got a bright future.“We’ve gone with the old guard year after year, so I’d love to see us throw a few of the kids in there and get some experience at the top level.“If we go to the Euros and we don’t make it to the later stages, at least it would be a great experience for them, and they’ll come back ready to go again when the World Cup comes around.“There have been a lot of good positives [from their qualifying campaign]. Some good young players have broken through, so that’s got to be good for England.“Roy has a good young group of players, it’s encouraging when you look at the team. Sterling has been in there for a few years now, we’ve got a group of young full-backs coming through and Chris Smalling has established himself as one of the central defenders.“Barkley is a real talent, too. I think he’s the kind of player you have to build the team around, he’s got fantastic ability. I hope he gets a run in the first team now. Let him have a go and see what he can do. He can be a really important player for the next eight or nine years for England.“Overall, it’s a good looking young squad of players which looks good for the future.”last_img read more

Warriors scout prospective No. 1 draft pick, who is ruled ineligible by the NCAA

first_imgWit and wisdom from Grandma Part II:Grandma said that when she met Grandpa, it was love at first sight. So dumbstruck was Grandpa that Grandma told him, “When your eyes get full, use your pockets.”Here’s hoping the Warriors brass who embarked Tuesday on a roadie to scout James Wiseman in Portland packed their pockets. CLICK HERE if you are having a problem viewing the photos or video on a mobile device Wiseman? He is a 7-1, 240-pound center, a specimen and a half who is the …last_img

HIV/Aids: things we should know

first_img1 December 2005A major new study on HIV/Aids makes a number of findings that South Africans should know about. These include findings on how pregnancy, breastfeeding and male circumcision can affect HIV transmission, and on the importance of periodic HIV testing.But the key finding is this: if you think that you, or your children, are not at risk of contracting HIV, the chances are you’re wrong.Aids ‘starting to level off’HIV prevalence among South Africans aged 15-49 increased only slightly from 2002 to 2005, a sign that the epidemic in SA may have started levelling off, according the HSRC study.The Human Sciences Research Council (HSRC) published its 2005 national household survey on HIV prevalence, incidence, behaviour and communication on Wednesday ahead of World Aids Day on 1 December.The study, which estimates that 10.8% of South Africans are HIV-positive, found that young South African women, and people in poorer communities, are particularly vulnerable to HIV/Aids – but that South Africans in general fail to appreciate the risks posed by the epidemic.Key findingsKey findings of the report, all of which have implications for HIV/Aids communication campaigns in South Africa, include the following:South Africans suffer from a “false sense of security” regarding HIV/Aids.The stigma attached to HIV/Aids is becoming less of a factor in South Africa.There is an increased risk of contracting HIV during pregnancy.Periodic HIV testing is crucial to HIV/Aids prevention and treatment.HIV prevalance among children is significant, and affected both by prolonged breastfeeding of infants and poor supervision of children.Sex at a young age, high partner turnover and concurrent sexual partnerships are significant factors in HIV transmission in South Africa.Safe male circumcision offers significant, but not complete, protection.False sense of securityHalf of the respondents in the study who were found to be HIV-positive – over two million people – did not think they were at risk of HIV infection, and hence were unaware of their risk of infecting others.The study recommends that HIV/Aids campaigns and programmes address “this false sense of security in the general population, with a particular emphasis on encouraging people to go for voluntary testing and counselling”.Aids stigma on the decreaseThe survey found that an overwhelming majority of South African are willing to care for an Aids patient, and that nearly half of South Africans of 15 years and older do not think it is wrong to marry a person with HIV.“These results suggest that South Africans are accepting HIV/Aids as a reality in South Africa, and that stigmatisation in society is becoming less of a factor, especially in urban areas.” The study recommends that service providers capitalise on this by encouraging people to undergo counselling and testing, and to disclose their HIV status to their partners.Increased risk during pregnancyThe study confirmed recent findings from other studies that suggest an increased risk of HIV acquisition during pregnancy, and recommends that awareness campaigns aimed at pregnant women and would-be parents be undertaken on a national scale.These campaigns, the report said, should encourage people to plan their pregnancy, to get tested for HIV before trying to conceive, and to disclose their results to their partners.Periodic HIV testing crucialDespite a well-established voluntary counselling and testing service in South Africa, and despite the fact that most respondents in the survey knew of a place to be tested, many of those found to be HIV-positive had not been tested.“Knowledge of HIV status is a critical aspect of prevention as it is linked to motivation to prevent HIV infection of others,” the report said. “It also serves as an entree into seeking treatment for opportunistic infections and receiving antiretrovirals in the case of advanced HIV infection.”The study recommends encouraging periodic HIV testing for men and women in stable partnerships. It adds that, given the extremely high HIV incidence among South African women aged 15-24, Aids campaigns and programmes “should sensitise this young female group to the fact that the risk of HIV is real”.HIV among childrenWhile the survey recorded a substantially lower HIV prevalence among children aged 2-14 (3.3% in 2005 compared to 5.6% in 2002), the epidemic remains “significant” among South African children, with an estimated 5.1% of children aged 2-4 and 4.4% of children aged 5-9 living with HIV.Most of the HIV-positive children aged 2-4 years are likely to have been infected “through mother-to-child transmission or during prolonged breastfeeding,” the HSRC said.However, the study also found that 6% of all recent HIV infections in South Africa occurred in children aged 2-14, with 3.3% occurring in children aged 5-9. “These infections cannot be clearly linked to mother-to-child transmission, and could include child sexual abuse or infection through the healthcare system.“Other findings suggest that many South African children are left unsupervised for much of the time, including going to and from school and being sent on errands alone – practices which could expose children to sexual abuse.”The study recommends that HIV prevention campaigns include messages on increasing supervision of children. It also recommends that the government review its “baby friendly” breastfeeding policy, encouraging HIV-positive women not to breastfeed their children but to supply them with a breast milk substitute instead.Sexual lifestyle issuesA high number of sexual partners, regular turnover of sexual partners, and concurrent sexual partnerships pose significant risks for HIV infection. Over a quarter of South African men aged 15-24 had more than one partner in the past 12 months, the study found.The study also found that young South African women are more likely to have male partners who are at least five years older. “Older men have a higher HIV prevalence than younger men, and therefore young women with older male partners increase their chances of getting HIV.”The study recommends that prevention campaigns and programmes emphasise these aspects of risk, and that sexually active people should:Avoid engaging in unprotected sex with anyone whose HIV status they do not know.Access and consistently use condoms to protect themselves in every sexual encounter with non-regular partners.Avoid frequent partner turnover and concurrent sexual partnerships.Older people also at riskA high HIV prevalence among South Africans aged 50 years and older (5.8%) calls for the development of targeted interventions for this age group, the study finds, “as they are considerably less aware of national HIV/Aids campaigns and programmes and have generally poorer knowledge of key aspects of HIV prevention and other aspects of HIV/Aids”.Safe male circumcisionA recent study in Orange Farm in Gauteng found that safe male circumcision can offer males at least 60% protection from HIV infection.The HSRC study recommends that safe male circumcision be encouraged by the public health sector, medical insurance schemes and women as one effective way of slowing the spread of HIV infection.At the same time, the study warns that male circumcision does not completely prevent HIV acquisition, and that it remains crucial for circumcised men to practise safe sex.SouthAfrica.info reporterlast_img read more

African youth prone to saving, advancing education: Barclays report

first_img31 October 2014African youth are more likely to invest surplus cash to achieve their long-terms goals, rather than spend money on luxury items, according to a report released recently by Barclays Africa Group Limited.A result of a survey conducted among 7 052 young Africans from 11 countries, the report states that 49% of all respondents said they would invest or save an extra US$100 if they had the money.Of the total number of respondents, 14.7% said they would use the extra US$100 for education and skills-related expenses and 13.2% would use it to pay off their debt, indicating good saving intentions and a readiness to make sacrifices for education and training as a strategy for prosperity, the report notes.Young South Africans less likely to investCompared to the overall score, Ghanaians (62%) and Kenyans (63%) came out tops as the most likely nations to invest additional funds. However, South Africans were less likely to invest (27%) and were only slightly more inclined to pay off debt (31%).Entitled “Africa Prospers: Future Youth Drivers of the African Economy’, the purpose of the survey was to gauge how Africans defined “prosperity” and how they are investing for their future. Respondents from South Africa, Zambia, Botswana, Kenya, Ghana, Mozambique, Seychelles, Mauritius, Tanzania, Uganda and Zimbabwe took part in the survey from April to August this year.What it means to prosper to young AfricansYoung Africans mostly agreed that to prosper means to be successful, to thrive and to be fortunate in not only finances but also in health, career satisfaction and happiness.“The survey showed that there is a new understanding of prosperity – one that transcends the confines of traditional family or community structures,” according to the report.Of note, 30% of respondents said they would buy a computer if they had extra cash and 24% said they would purchase books in order to prosper. Education cropped up quite frequently in the survey, an indication of the zeal for knowledge among the youth.“Both the internet and new and developing mobile phone technology are increasing the importance of this generation as agents of social transformation and wealth creation in different sub-regions of Africa,’ the report notes.Lack of financeHowever, 68.9% of the participants said the major impediment to “prosperity’ was lack of finance. Half of the participants indicated there was general lack of opportunity to prosper and 26.2% said they needed financial advice.Commenting on the findings in the executive summary of the report, independent analysts Professor Monde Makiwane of the Human Sciences Research Council and Dr Golda Chimere-Dan of Africa Strategic Research Corporation (Pty) Ltd said the survey “captures the prosperity perspectives, experiences and life strategies of Africa’s growing and young emerging middle-class, who holds the key to accelerated economic growth and transformation in Africa’.“It addresses critical issues of financial behaviour and prosperity that have either been missed or poorly measured by previous social and financial surveys in Africa. Although some results from the report confirm findings from other location- specific studies, this is the first survey of its kind to collect this specific set of information in a comparative study of 11 African countries.’Findings key to attracting investment in AfricaMakiwane and Chimere-Dan said the findings will have profound implications on how economic development and financial services are packaged and presented to people in Africa in years to come.“Africa constitutes a sizeable portion of the global market with its share of general and unique risks and opportunities. Even though regional economic growth is vulnerable to the fluctuations in the global markets, many analysts remain optimistic about the economic prospects for sub Saharan Africa,’ the two analysts noted, adding that a combination of demographic and social dynamics has given rise to two notable patterns that attract regional and global attention to the African market.The first pattern shows that the current phase of the demographic transition in Africa is contributing to a growing sub-group of young, economically active Africans who are better educated and not as digitally disadvantaged as the generations that preceded them.Recent studies by demographers and economists have identified this new generation as the potential vanguard for accelerated economic growth and human development in Africa, a phenomenon is referred to as the African “youth bulge’.African youth bulgeThe second pattern relates to Africa following Asia’s saving boom. Makiwane and Chimere-Dan said several decades ago, Asia experienced a similar “youth bulge’.“Asia capitalised on this by creating employment opportunities and mobilising the youth to save, thereby boosting per capita savings. Encouragingly, one of the most significant findings from the Barclays Africa Prosper Report is the high level of savings and investments reported by participants. As many as 50% of respondents would save or invest to help them prosper financially. This needs encouragement,’ Makiwane and Chimere-Dan noted.SAinfo reporterlast_img read more

South Africa’s shoe-shine king

first_img18 December 2015“We’re the biggest shoe-shine company in Africa,” says Lere Mgayiya, the founder of Lere’s Shoe Shine Experience, which operates in three major South African airports, in Johannesburg, Cape Town and Durban.Shoe-shine king Lere Mgayiya: a home-grown success story http://t.co/fA3p8DM4kg pic.twitter.com/ceQakIJIC3— Destiny Man (@Destiny_Man) July 14, 2015But starting a business wasn’t easy, Mgayiya says. A former South African Airways employee, he is a serial entrepreneur who started up several small businesses that were unsuccessful. In his life, Mgayiya has sold produce – he sold eggs to the Parliament canteen – as well as worked with livestock; he has also had a public mobile phone business and dabbled in stock market investment.Ultimately, those efforts proved fruitless. “I was considered a loser by my peers and family because I resigned from SAA and the money I invested was gone. That created a lot of pressure for me to look for a job. But I did not want to do that because it is not who I am at all,” Mgayiya says.In 2002, inspired by an article about a local shoe shiner, he invested in the man’s business. He also added its unique selling point – the airport locations.Lere’s Shoe Shine at OR Tambo are fantastic! Love these guys. Please support them they do a fantastic job! @pavlobiz pic.twitter.com/L222P8ufAL— Aki Anastasiou (@AkiAnastasiou) November 11, 2014Having worked in airports before, he understood that passenger traffic passing through would make it a strategic location for his service. He used his connections to negotiate a deal to operate at Cape Town International Airport. The company, initially named Airport Shoe Shine, started off slow but steady. Mgayiya sold most of his valuables to invest in his first luxury shiner’s chair and the company’s single employee.“We worked 18 hours a day, six days a week,” he remembers, with the hard work paying off in a substantial profit in the first two months, money he invested back into the company. With two more chairs and more shiners, the business soared.The company’s biggest break was when it received authorisation to open at OR Tambo International, South Africa’s largest airport, where the shiners became a popular feature for travelling businesspeople.Mgayiya partnered with Airports Company South Africa (Acsa), which operates the airports in the country, in his inevitable, unconventional way.“I had read about Acsa looking to encourage businesses within the airport and one day saw the chief executive walking around the Cape Town terminal. I walked up and told her how well she was doing; how I could see how she had turned the business around because I was at the airport every day. And she was so impressed that she asked me why I had not expanded to Johannesburg.”The rest is history.In 2008, the business expanded to OR Tambo and Durban’s King Shake airports and soon after into five other airports around South Africa. However, the stress of running eight detached locations on a limited budget led Mgayiya to close some and focus on the major airports in Cape Town, Johannesburg and Durban.“We learnt our lesson. We expanded too quickly to inappropriate places, which almost killed our business. We had to kill those operations fast before they killed us,” Mgayiya says.But as these three continue to gain more customers, Lere’s Shoe Shine is now eyeing expansion again. This time, though, the business is looking to go global, with plans for partnerships in the US and UK, as well as in the rest of [email protected] @Radio702 staff treated to shoe shine from Elliot for Lere’s Shoe Shine @BDO_SA for the 1st #CEOSleepoutZA pic.twitter.com/wvfFQvTxt7— mich (@michalentweet) May 5, 2015Mgayiya’s business philosophy is simple: passion and clever thinking are more important to entrepreneurs than just money. The business’s customers – be they tourists arriving in South Africa for the first time or seasoned business travellers – always enjoy having someone to talk to. “They enjoy the experience of interacting with (the shoe shiner), (so all my) employees have extrovert personalities“They’re someone to connect with, talk to, when you’re far from home in a hard, cold place like an airport, it’s nice to find a quiet, relaxed space for a chance to stop and relax for a moment and maybe engage meaningfully with someone that you might not have met in any other situation. That’s what this business is really about, everything else will follow if you engage with the client.”Today, Mgayiya has 45 employees and he estimates his company shines the shoes of between 120 000 and 130 000 customers a year.His advice to budding entrepreneurs is to be prepared to commit themselves completely to their business, even if it means facing greater risks. “If you are not invested in that business, it changes the chances of success.”He firmly believes that good businesses are made from good ideas, from your head and heart. “It is the driving force which is generated from the love and passion for those ideas that makes it successful – it is not just the money,” Mgayiya says.“No matter how poor you are, no matter where you come from in life. it is your brain that makes you successful and your heart that drives you.”Source: AFKInsiderlast_img read more

First generation corn borer management in non-Bt corn

first_imgShare Facebook Twitter Google + LinkedIn Pinterest European corn borer (ECB) was once our most important corn insect, but its population has decreased over the past 20 years, likely due to Bt-corn that provides excellent protection. For this and other various reasons, many farms have switched to corn that does not contain Bt proteins to control ECB and other caterpillar pests. Keep in mind that ECB is not an extinct species — we can find ECB still flying around. This year, we have seen ECB feeding in conventional corn.ECB has two generations per year. Currently, we are seeing larval feeding on the leaves and in the whorl. Soon, and if not already, these larvae will tunnel through the stalk where they will usually continue to feed and pupate. Adults will emerge in late July-early August.Growers of conventional corn should inspect their fields for the characteristic shot hole damage (see figure). If found, you may see larvae feeding in the whorl—you may need to pull the whorl out of a couple of damaged plants to check. Although challenging, larvae in the whorl that are in the third instar or less (usually no bigger than half an inch) are still vulnerable to insecticide application.If the larvae are not in the whorl, they may have died, or worse, tunneled in the stalk. Look for the appearance of sawdust like frass, which ECB larvae leave on the outside while tunneling. Once they bore into the stalk, then control is difficult, if not impossible.As a guide, we recommend treatment for first generation ECB when 75%  to 80% of the corn shows shot hole damage, and that larvae can be seen in the whorl (i.e. have not bored into the stalk). There are many chemicals that can control ECB (see our bulletin: https://agcrops.osu.edu/publications/control-insect-pests-field-crops-bulletin-545), although granular forms tend to be more effective than liquid.last_img read more

FAA Pondering Gate-To-Gate Policy For Gadgets On Airplanes

first_imgWhat it Takes to Build a Highly Secure FinTech … Tags:#smartphones#tablets dan rowinski Role of Mobile App Analytics In-App Engagement The Rise and Rise of Mobile Payment Technologycenter_img Related Posts Why IoT Apps are Eating Device Interfaces Soon, you may not have to stow that gadget when you’re on an airplane waiting to take off. A forthcoming report from a Federal Aviation Administration working group will likely recommend lifting the ban on the use of electronic devices during takeoff and landing.According to The Wall Street Journal, the report will recommend the allowance of “gate to gate” gadget use, meaning you won’t have to pack away that book you are reading on your iPad or Kindle after you have taken your seat on an airplane. This will be a massive departure from almost the last 50 years of FAA policy that banned the use of electronic devices on flights fearing that emissions from the devices would play havoc with airplanes navigation instruments.The report will specifically address the use of devices in low-altitude situations (below 10,000 feet) and recommend that they be used in “airplane mode.” Cellular phone calls will still likely be prohibited during take off and landing.Gadgets are much different now than when the policy was created in 1966. The emissions from devices’ internal components are drastically less then they used to be – even from five to ten years ago – and wireless transmissions are now confined to defined, narrow spectrums.The report will likely recommend three types of gadget regulations in place of the current ban during takeoff and landing based on the type and age of the aircraft and how well it has met certain regulations. Older aircraft with limited protections will continue with a similar pre-flight announcement that flyers are used to hearing, telling them when it is OK to switch on their devices. On the other end of the spectrum, planes that have met all safety regulations will announce that, “This aircraft tolerates emissions from electrical devices for all phases of flight.” Other planes will allow gate-to-gate use of gadgets unless specifically told not to do so by the flight crew.The report will urge the FAA to set standards that new planes be able to handle most, if not all, gadget use by 2015.Top image courtesy Shutterstock.last_img read more

New roadblock for Manipur varsity


Older Posts »