Pandemic’s impact won’t be clear until 2021

first_img– Advertisement – – Advertisement – “I would have thought in the beginning (of the pandemic) in spring that we might see the first real impact on balance sheets in the third or fourth quarter of this year,” she told CNBC’s Annette Weisbach on Monday.However, König highlighted that some government support implemented at the start of the coronavirus crisis was starting to expire, and as such, further damage to Europe’s banking sector could become apparent later in 2021.“Until the dust has settled a bit I would expect we will see it (a rise in NPLs) in the third and second quarters of next year … Let’s be clear, this is a unique situation,” she said.- Advertisement – An empty street in Amsterdam during the government-imposed lockdown due to the coronavirus pandemic.SOPA Images | LightRocket | Getty Imagescenter_img The fallout from the coronavirus pandemic on Europe’s financial institutions will become more apparent in the coming months, according to a senior European banking official, and there could be one or two casualties in the sector.Elke König, chair of the Single Resolution Board of the Single Resolution Mechanism, which oversees the restructuring of failing banks in the EU, said she expected a rise in the number of non-performing loans (NPLs) in the region, which in turn would hit bank balance sheets.When these loans could peak, however, was the “$60,000 dollar question,” König said.- Advertisement – She stressed that it was not all a “doom scenario,” however, adding: “We will see NPLs but we will also see other industries doing great.”“We have clearly stated that banks should stay ready, should be reasonable and have their risk management up to date. As soon as they address an emerging problem, the better,” König said.The purpose of the Single Resolution Mechanism is to ensure the orderly resolution (or winding-down) of failing banks in the region.The SRM came into being in 2014 after the 2008/2009 financial crisis and subsequent euro zone sovereign debt crisis. A key element in the SRM is the Single Resolution Fund, financed by contributions from the banking sector, to help wind down failing banks, and to shore up the whole financial system.The SRM is seen as a key pillar of the euro zone’s banking union (although other EU countries can join), alongside the Single Supervisory Mechanism. The latter gives the European Central Bank supervisory powers over the region’s banking institutions to check they comply with European banking rules, meet capital requirements and are not vulnerable to collapse.Asked whether she expected to see some bank failures given the end of support measures, König said she was “mildly optimistic that we will not see a wave of bank failures.”“Why am I mildly optimistic? The ECB did their (vulnerability) analysis, others did similar stress tests, they show that after the financial crisis, banks’ balance sheets have been cleaned up and beefed up (and) have more and better capital, so on average we can weather this kind of storm,” she saidNonetheless, she added that “you can never rule out the one or the other failure. Banks that have been fairly weak going in may not come out stronger.”last_img read more

What is the average price of renting an apartment in Croatia?

first_imgThe largest offer of apartments is in Crikvenica, Rab and Pula. The average price of an apartment in Crikvenica in the season is 66 euros, while on Rab it is 65 euros per day. In Pula, you will have to pay an average of 75 euros for a day of rent, while in Rijeka the rent is cheaper by about 10 euros. According to the data at their disposal, the average price of renting a tourist apartment out of season is on average 46 euros, which is 31 percent cheaper than in season. South Dalmatia There are currently more than 150 ads for rent in Njuškalo in this region. Prices range from 60 to more than 150 euros. Along with Dubrovnik, where the average daily rental price of apartments in the season is 77 euros at the level of the entire city, most apartments are offered in Orebic and Korcula. The average daily rental price of an apartment in Orebic is 67 euros, while on Korcula it is 54 euros. Portal Njuš in accordance with the ads on their platform, ie on the basis of more than 6 thousand holiday facilities on the coast and inland, they made an overview of domestic holiday destinations and received a calculation of the average rental price of apartments. There are several types of tourist accommodation, most of which are apartments, but you can also find whole houses and rooms. Prices range from around 20 euros to as much as 500 euros per day of rental. Most apartments from this region are offered in Vodice, Zadar, Vir and Biograd na Moru. The average price of renting an apartment in Zadar in the season is 64 euros per day, while in Biograd na Moru it is 65 euros. The average daily rental price of apartments in Vir in the season is 57 euros, while in Vodice it is 5 euros higher, or 62 euros. Makarska Riviera / Photo: Sandro Music / FB Central Dalmatia In this region, apartments can be found for about 40 euros per day, but the average price is 73 euros. Most apartments are offered in Split, Makarska and Omis. Although an overnight stay can be found for around one euro, the average daily rental price of a tourist apartment in Split in the season is 86 euros, which is about 3 euros more than in Makarska. In Omis, the average daily rental price of a tourist apartment is 77 euros. Finally, one interesting thing. As they point out from Njuškalo, there are more and more foreign visitors in this category, and most of them are from Germany, Slovenia, Bosnia and Herzegovina and Austria. Source: Njuš The category Tourism is growing month by month, so in June it had as much as 70 percent more visits than in the previous month, but also 6 percent more than in June last year, they point out from Njuškalo, which is not surprising since it is our peak tourist season at the door. More than 2.700 accommodation facilities in Northern Dalmatia are currently available on Njuškalo. Apartments in this region record the best prices in the season, if we compare them with other coastal regions. Source: Njuš middle Dalmatia Source: Njuš Despite the above, in many places in this region you can rent an apartment for as little as thirty euros per day. In Pag, the average daily price of renting an apartment in the season is 60 euros, while in nearby Novalja, known primarily for the beach Zrce, the price is about 30 percent higher and amounts to 78 euros. Some of the more favorable places for holidays in Northern Dalmatia are Tribunj, Pirovac and Vrsi, where the average daily rental prices of apartments range from 50 to 55 euros. When looking at the regions, the highest prices for renting a tourist apartment are in Central Dalmatia, where the average price is 79 euros per day. Rental prices, on an annual basis, grew in all coastal regions, from 2 to 8 percent. Istria, Kvarner and Primorje  According to NJuš, the average daily rental price of a tourist apartment in Croatia (on Njuškalo) in the season is 67 euros, which is 4 euros more than last year Northern Dalmatia The largest offer of private tourist accommodation is in Northern Dalmatia, Kvarner and Primorje Source: Njuškalo.hrlast_img read more

Strawberry-Apricot Slush.

first_img 31 Views   no discussions Share Food & DiningLifestyle Strawberry-Apricot Slush. by: – August 9, 2011 Tweet Sharecenter_img Sharing is caring! Share Strawberry-Apricot Slush.This frosty, fruity slush only requires three ingredients and 5 minutes to make. Sweet frozen strawberries, rich apricot nectar, and a little cold water blend together to create a fresh summertime treat.This fat-free concoction can be served as a light and refreshing dessert or as a fruity beverage to accompany your lunch.Iingredients:1 10-ounce package frozen strawberries3/4 cup apricot nectar2 to 3 tablespoons cold waterDirections:In a blender container, blend together frozen strawberries, apricot nectar, and water. Makes 2 to 3 servings.Recipe source: Better Homes and Gardenslast_img read more

Laurence Huntington

first_imgLaurence Edwin Huntington, 95 passed away at his home in Dearborn on November 21, 2016.  He was born in Milan, Indiana on September 7, 1921 to Homer and Emma Huntington.  He was the youngest of five children.  He attended Indiana University, and in December of 1941 he enlisted in the Navy.  He became a radio operator before attending Officer Candidate School and was assigned to prepare for tank invasion into Japan aboard a landing craft for tanks.  On May 24, 1942 he married Mary Ann Stewart in Moores Hill, Indiana.  Following his Navy career, he graduated from law school at Indiana University and was employed by the Ford Motor Company.  He is survived by his sons: Laurence Jr. (Peggy) and Donald, grandsons: Robert (Heidi) and William (Ruth) and great grandsons: Aaron (Kayleigh) and Alexander.  He was preceded in death by his wife Mary Ann, son David, brothers: William and John and sisters: Helen and Frances.  He was active in the United Methodist Church of Lincoln Park, the Down River United Methodist Church and the Saw Players Association.  He enjoyed being with family, hymn singing, all types of music, crossword puzzles, Jeopardy and old TV seriesGraveside Services will be at 11:00 AM on Saturday May 6, 2017  at Forest Hill Cemetery in Moores Hill, Indiana, with Rev. Ted Hamrick officiating.  Burial will follow after service.  Full military rites with be provided by Moores Hill American Legion Post # 209. Memorials may be made in his name to the Down River United Methodist Church. Sibbett-Moore entrusted with arrangements, Box 156, Moores Hill, Indiana (812)744-3280.  Go to to leave an online condolence message for the family.last_img read more

Pellegrini impressed by City squad

first_img After weeks of speculation City made no attempt to deny, Pellegrini has finally been officially confirmed as the man to succeed the sacked Roberto Mancini. The 59-year-old Chilean has been tasked with bringing silverware to the Etihad Stadium and improving the team’s brand of football – and he is confident of achieving both. The former Real Madrid and Villarreal boss, who has left Malaga to take up his new post, told City TV: “I am sure we have the best squad in the Premier League. We have wonderful players and can win important titles in the next three or four seasons.” Pellegrini added: “Everyone knows if you arrive at a club like Manchester City you need to win titles. I am sure we are going to win – maybe the Premier League, the Champions League. We will try to win a lot. “I like attractive and attacking football, so all the people who go to the stadium can see a wonderful… show is not the word but I am sure they will enjoy the way we play. We are not going to be a team that scores a goal and goes back waiting for a counter-attack. We will always try to play in the opponents’ pitch and play attractive football.” Pellegrini’s appointment was expected early last week, following his final match in charge at Malaga. The delay in the announcement was reportedly due a hitch over the terms of his exit from Malaga, but their appointment of Bernd Schuster as his successor early on Friday suggested obstacles had been removed. Pellegrini has signed a three-year deal at Eastlands and will officially begin work on June 24, ahead of pre-season visits to Hong Kong, Indonesia, South Africa, Germany and Finland. Pellegrini also has a tough act to follow in Mancini, who despite failure to win silverware last season remained a fans’ favourite. The Italian ended a 35-year trophy drought by overseeing FA Cup success in 2011 and he topped that by following up with dramatic Premier League success last year. Pellegrini said: “I think Roberto did a great job here in Manchester. It is not easy to win the title after 44 years. But I think we start now a new cycle, a new style of club, adding to what Roberto has done over the years.” Press Associationcenter_img New Manchester City boss Manuel Pellegrini has no doubt he is inheriting the best squad in England and is convinced he will soon win trophies.last_img read more

Nets, Magic fill out East playoff field

first_imgTOBIAS Harris scored 23 points and grabbed 15 rebounds to lift the hosts Philadelphia 76ers past Orlando Magic 108-101 Friday near Orlando, but Magic ended up the day’s big winners nonetheless.Despite the loss, Orlando clinched the Eastern Conference’s final playoff spot after Washington Wizards lost to New Orleans Pelicans later in the day.Joel Embiid added 23 points and 13 rebounds while Alec Burks scored 22 points. Al Horford had 21 points and nine rebounds and Shake Milton handed out a career-high eight assists for Sixers, who won their third in a row. Sixers played without All-Star Ben Simmons, who will remain sidelined indefinitely with a partially dislocated left kneecap.Nikola Vucevic led Magic with 21 points and 12 rebounds while Evan Fournier added 22 points. D.J. Augustin scored 16 points, James Ennis III added 14 and Markelle Fultz had 13 for Magic, who fell to 32-38. Terrence Ross missed all 10 of his field-goal attempts and did not score a point.Brooklyn Nets 119 – Sacramento Kings 106 Brooklyn improved to 3-2 since the restart and rebounded nicely from a 149-115 loss to Boston Celtics on Wednesday night to join Magic in clinching an Eastern Conference playoff spot.Caris LeVert made 9 of 21 shots and also handed out seven assists as Nets shot 48.8 percent, made 17 3-pointers and handed out 30 assists. Joe Harris added 21 points and centre Jarrett Allen nearly posted a triple-double with 17 points, 11 rebounds and a career-high eight assists. Kings fell to 1-4 since the restart after going 10-5 in their final 15 games before the pause on March 11. Sacramento dropped to 13th in the Western Conference, 3 1/2 games behind eighth-place Memphis. Bogdan Bogdanovic led Sacramento with 27 points on 11-of-19 shooting.Boston Celtics 122 – Toronto Raptors 100 Jaylen Brown scored 20 points and Jayson Tatum added 18 as Boston rolled to a victory over Toronto. Raptors had won seven consecutive games, including their first three contests, since the resumption of play.Kemba Walker scored 17 points in a contest in which Boston never trailed and led by as many as 40. Brad Wanamaker added 15 points, Daniel Theis contributed 11 points and 11 rebounds, Semi Ojeleye tallied 11 points and Robert Williams III scored 10 for the Celtics. Fred VanVleet scored 13 points to lead Toronto. Rondae Hollis-Jefferson, Kyle Lowry, Norman Powell and Pascal Siakam added 11 points apiece and Terence Davis had 10.San Antonio Spurs 119 – Utah Jazz 111 Derrick White poured in 24 points and Jakob Poeltl added 19 points and 10 rebounds as San Antonio overwhelmed short-handed Utah at the HP Field House near Orlando in a key NBA seeding game.Jazz played without four starters – Mike Conley (right knee soreness), Rudy Gobert (rest), Donovan Mitchell (left peroneal strain) and Royce O’Neale (right calf soreness).Lonnie Walker IV and Rudy Gay added 14 points for Spurs. DeMar DeRozan hit for 13 and Dejounte Murray scored 11 for San Antonio. Jordan Clarkson scored 24 points off the bench for Jazz, with Tony Bradley adding 15 points and 11 rebounds, Miye Oni and Emmanuel Mudiay contributing 14 points each and Joe Ingles pumping in 12.Memphis Grizzlies 121 – Oklahoma City Thunder 92 Dillon Brooks scored 22 points to lead Memphis to a win over Oklahoma City.The Grizzlies win snapped a five-game losing streak that dated back to before the season was put on hold by the pandemic. It also kept Memphis in the eighth spot in the Western Conference, a game ahead of Portland with three games remaining.Memphis shot 55.4 percent from the field, including 8 of 11 shooting for Jonas Valanciunas, who added 19 points. Ja Morant also scored 19. Chris Paul led Thunder with 17 points. Oklahoma City shot just 35.1 percent from the field, their worst shooting performance of the season.New Orleans Pelicans 118 – Washington Wizards 107 Jrue Holiday scored 28 points as New Orleans overcame the absence of Zion Williamson to keep Washington winless in five games since the restart.Williamson, who has been on a minutes restriction (conditioning), was held out as Pelicans were playing their second game in as many days. Brandon Ingram added 17 points, JJ Redick started in Williamson’s place and scored 15, Frank Jackson scored 13 and Derrick Favors had 12 points and 10 rebounds.Rui Hachimura led Washington with 23 points, Thomas Bryant scored 22, Troy Brown Jr had 20 points and 10 rebounds, and Ish Smith had 18 points and 10 assists.last_img read more

USC to compete in invitational

first_imgAfter two weeks off from racing, the USC cross country team will take on five other schools at this weekend’s Northridge Invitational. This race will be the first time this season the Women of Troy run a 6-kilometer distance.In addition to meet host Cal State Northridge, USC will compete alongside UC Irvine, Cal State Fullerton, Cal State Dominguez Hills and Cal State Bakersfield. The course, recently moved from a local park in Northridge, Calif., to the Cal State Northridge campus, is a flat, fast course that will play to many of USC’s strengths. Eleven of the team’s runners will compete this weekend.“All of the girls have made big improvements in the last four weeks, so it’s hard to single out one person that I expect to run fast,” USC coach Tom Walsh said. “My main goal is to win the team title, but we will have to run fast and be aggressive if we want to win that team trophy.”The few extra weeks of training bode well for USC, particularly in a distance many runners are not accustomed to. The team has been running well during its rigorous training, and Walsh is optimistic about its performance.“The team dynamic has changed some,” Walsh said. “The freshmen know that they are expected to contribute right now, and the older girls know that I expect them to step up and lead. The good news about the freshmen is that all six girls keep improving each week.”This meet carries extra significance as well — it will help Walsh select his runners for the Pac-12 championships on Oct. 29, another 6-kilometer race. The pressure of this selection process will affect how the runners race.“Only two spots [of seven] are secured, and we have 10 people battling for those final five spots,” Walsh said. “The race on Saturday will carry a lot of weight in determining those remaining five spots because the race is 6-kilometer, and also because I want to see who can run fast under pressure.”The meet begins Saturday.last_img read more

CHAN exit regrettable- Ghana FA boss

first_imgThe Ghana Football Association has described the early elimination from the CHAN as regrettable and has demanded an explanation for the team’s poor outing.President Kwesi Nyantakyi is shocked at the local Black Stars inability to advance from Group B involving Niger, Zimbabwe and South Africa.Home fans have severely criticized head coach Herbert Addo for his poor tactics at the tournament.Nyantakyi has tasked the technical and management teams to explain what accounted for the shambolic performance.“We are still waiting to read the report by the coaches and the management team until then I can’t state what was responsible. Anyway, what happened was disappointing,” Nyantakyi told Accra-based Joy FM“This time we expected to progress to [the] final and probably win but that was not the case. It’s a very regrettable outcome and we will like to know what exactly accounted for that performance.” Ghana won silver at the maiden edition of the African Nations Championship in Ivory Coast two seasons ago.Source: Ghanasoccernetlast_img read more

Alpena Police and Sheriff’s Department assist in birthday surprise

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisALPENA, Mich. — Jalin, like many other kids these days, is stuck at home. However, it makes it even worse you you’re trying to celebrate a birthday. He was pretty bummed that he wasn’t having a party this year for his ninth birthday, but things changed when his mom Jessica told him something was happening outside.Jessica wanted to give her son a special present this year, so she called the sheriff’s department to see if they could have a vehicle drive by. Little did she know, they weren’t going to bring just one car. “I fibbed and I said your teacher is going to come tell you happy birthday because he lives right by his school,” she said. “So he was kind of excited about that but then he started seeing the police come around the back of his dad’s house, and then he said, ‘mom I see a cop, I see another one, oh I see the sheriff, oh another one!’ and I think he realized what was going on then.”Jalin said he was not expecting this kind of surprise. “I was really surprised, but really happy at the same time,” he said. “I haven’t had any other birthdays like this.” According to his mom, Jalin has been saying he wants to become a police officer since he was two years old. Whenever he sees one out in public he always wants to go say hi, and if they’re up to it, snap a quick picture. “They do a lot for our city and help us out a lot. I’ve really liked them since I was three or four years old,” he said.Sheriff Kieliszewski was there and even led the singing of happy birthday over the speaker. He also let the birthday boy know how much he appreciates the support. Both the Alpena Police Department and Sheriff’s Department presented him with envelopes containing presents.  The sheriff’s department sent him his own patch, and the police department named him a junior officer.Jessica said she’s so thankful for both of the departments making her son’s birthday special. “I would just really like to thank them,” she said. “They went above and beyond and they’re just amazing. I couldn’t have asked for anything more better for him. It was so special for him. He loved it.”AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThis Tags: Alpena Police Department, Alpena Sheriff’s DepartmentContinue ReadingPrevious Local airport to receive grant fundingNext CARES Act provides investors, business owners with opportunitieslast_img read more

Tuka in the Semi Finals of the European Championship!

first_imgThe BiH athlete Amel Tuka qualified for the semi finals of the race on 800 meters at the European Championship in Amsterdam.Tuka won the second place in the qualification group with the result of 1:46.94.Three of the best athletes from four qualification groups will qualify for the semi finals, plus another four athletes according to their result.Semi finals of the race on 800 meters is scheduled for tomorrow.(Source: FENA)last_img