• London office rents suffer as demand wanes

    first_img Show Comments ▼ London office rents suffer as demand wanes KCS-content Share OFFICE rents in London and other European capitals rose at a slower rate and demand fell in the last three months, prompting experts to warn that public spending cuts could stunt a recovery in deals.Demand for office space in London, Moscow and Stockholm drove a modest 0.7 per cent rise in prime rents between the start of July and the end of September, according to the office rental index in Jones Lang Lasalle’s third quarter European Office Clock.That compared with 2.6 per cent in the second quarter, 1.2 per cent in the first quarter and -0.8 per cent in the third quarter last year. Demand for space dipped slightly in the period, although it was 36 per cent higher than a year ago, the study of 24 markets showed. Moscow led the rise in rents with a 6.3 per cent lift, followed by Stockholm with 5.4 per cent and London on 2.9 per cent. Rents were unchanged elsewhere, although rents in the Spanish capital Madrid fell 2.7 per cent and in Barcelona by 2.5 per cent. Jones Lang Lasalle said occupiers were committing to deals more as economic growth returned, but consolidation and churn was driving activity. Discounting and a space shortage is supporting demand in many markets. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushcenter_img Tags: NULL whatsapp Monday 25 October 2010 8:18 pm whatsapplast_img read more

  • 20 May: Where’s the action?

    first_img iGB, in partnership with sports data specialist Abelson Info, is providing an updated list of the sporting events taking place each weekday throughout the novel coronavirus (Covid-19) pandemic. Sports betting Email Address Tags: Mobile Online Gambling iGB, in partnership with sports data specialist Abelson Info, is providing an updated list of the sporting events taking place each weekday throughout the novel coronavirus (Covid-19) pandemic.Badminton Armenia’s Infinity Cup is the only badminton competition in the coming 24 hours.Baseball China’s Professional Baseball League, its reserves, and South Korea’s Baseball Championship are all in action.Basketball Nicaragua’s Torneo Carlos Ulloa is the day’s only basketball event. Darts Icons of Darts Live League, Remote League and Czech Premier League are the day’s darts competitions playing.Football The Belarus Premier League, Costa Rica’s Primera Division and Estonia’s Meistriliiga are all in action, while a number of club friendlies are also taking place.Golf The Cactus Tour moves to Alta Mesa Country Club, while the Outlaw Tour’s TPC Champions Classic begins its second round.Greyhounds There is racing at 16 Australian tracks, as well as action at four in the US, and two in New Zealand.Horse Racing Action comes from 12 tracks in Australia, four in France, four in Sweden, and two in the US, as well as from Denmark, Japan, Hong Kong and Norway.Ice Hockey Short form matches in Russia’s Comet Division are the day’s only action.Motor Sports Nascar joins the fixture list, with the Toyota 500 at Darlington.Table Tennis Action comes from Armenia, Brazil, China, Germany, Russia and the Ukraine.Tennis Tennis is taking place in Belarus, Germany, Poland, Russia and the US.Volleyball Today’s round-up ends with Russia’s Liga Pro.This list is not intended to be exhaustive, and all events are subject to change.Abelson Info was set up by Ed Abelson in 2003 to supply the bookmaking industry with the crucial sports data it required as the online betting industry began to boom. Starting with just a handful of employees and even fewer clients, the business has since grown and evolved to accommodate the ever-changing requirements of the industry.We now supply data and technical services to the majority of the top tier bookmakers and platform providers in the UK, along with many of the biggest media corporations and development firms across the world. We have a stellar reputation for delivering top quality data and are always on hand to support customers, 24 hours a day, 365 days a year. 20th May 2020 | By contenteditorcenter_img Topics: Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 20 May: Where’s the action? Subscribe to the iGaming newsletterlast_img read more

  • The next phase: Innovation in igaming after Covid-19

    first_img Topics: People Strategy When novel coronavirus (Covid-19) hit, ensuring business continuity was at the forefront of operators’ minds. But this was only phase one, writes Rebeka Mizzi. The igaming industry now faces a new challenge –  to continue innovating in a wholly new working world.In challenging economic times, employers who can motivate teams to solve big problems, rather than just tick over with ‘tactical work’, are surely the ones who will thrive. As the 2008 financial crisis proved, treading water is not a long term solution.“Improvise, adapt and overcome” – the US Marine Corps mantra is more fitting than ever for today’s igaming leaders. They face issues such as distanced workforces, remote working, major commercial risks and economic uncertainty… and that was only in the past three months! The igaming industry has already weathered a significant storm.So, now that the immediate continuity plans have been enacted, the big question iGaming leaders should be asking themselves is:“How do we inspire our workforce to innovate and solve the big problems in a post Covid-19 world?”Focusing on the answer to this question will be the key to triumph in these uncertain times.Digital essentials = continuity The first priority since March 2020 has been ensuring “continuity” wherever possible.Achieving this in itself has taken gargantuan feats of effort and imagination, both within and beyond the igaming Sector.Companies whose digital transformation efforts had dragged on for decades have jet-propelled plans into reality in the last few months. In fact, 70% of organisations surveyed by digital marketing event organiser Dmexco in the DACH region “expect the coronavirus pandemic to accelerate the pace of the digital transformation.”Slack, Teams and Zoom are the new… everything! (user growth of more than 500% – as reported by Microsoft Cloud – is not uncommon). Although the igaming industry was already better digitally prepared than most, iGaming Academy has seen a marked increase in enquiries for our online training services, suggesting that companies are actively expanding their digital communication toolset further still.In the mid-90s, “the death of distance” became a much-discussed topic. The discussions centred around the rise of web-based and telecommunications technologies that made it possible to communicate and work in new ways, therefore reducing the value of physical proximity. There was, however, no ‘big bang’ change in business culture and offices stayed full.As rapid adoption of remote working models has become essential, “these practices could well stick, making for better management and more flexible workforces.” If it’s here to stay then, how do we make it work?How do you keep remote teams innovative? Two factors raise concerns when considering a long-term ‘remote working’ business future:First, individuals who’ve recently moved to remote working (as an estimated 16 million ‘knowledge workers’ in the US did this March) may feel less motivated; according to a Slack survey on remote working, “45% of newly remote workers report that their sense of belonging suffers at home”.Second, whilst ‘tactical’ type work – procedural, repetitive, formulaic – is adaptable to remote working, ‘problem solving’ and ‘innovation’ type work may be more challenging. The Economist’s “90% Economy” cover story from April notes that “studies suggest the benefits of working from home only materialise if employees can frequently check in at an office in order to solve problems… Anyone who has tried to bounce ideas around on Zoom or Skype knows that spontaneity is hard.”Innovation is absolutely critical in igaming. Ours is a fast-paced industry that adapts rapidly to changing market conditions, providing products and services for customers whose expectations are always evolving. The most successful igaming companies have earned their position by fostering truly exceptional teams of talented professionals and motivating them to achieve high goals.To look outside of the industry, during the 2008 financial crisis, for example, Starbucks set up an innovation programme called My Starbucks Idea. In its first year, the initiative gathered over 70,000 ‘innovative’ contributions from staff and customers and led the business to exciting new ventures (and revenue streams.)A new HBR study has identified three positive motivators – play, purpose and potential – that provide some focus for those wishing to prioritise innovation. All three traits are in jeopardy in today’s working situation: “Play, the motive that most boosts performance, could decrease if it continues to become harder for people to get things done from home. For example, people may miss the joy of problem-solving with a colleague, or the ease of making a decision when everyone is in one room. Purpose could also decline with teams’ decreasing visibility into their impact on clients or colleagues, especially if no one is there to remind them. Lastly, potential could decline if people can’t gain access to colleagues that teach and develop them.”Fostering an environment (be it, office-based or digital) where problem solving and innovation can thrive should be one of iGaming leaders’ highest priorities at the current time.The HBR article offers some excellent action points for managers, including: AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 21st July 2020 | By contenteditor Subscribe to the iGaming newsletter “What you measure is the single strongest signal to your people of what you care about. If you want to show them that you care about their motivation, you can measure it…” “Make sure your weekly routines are not focused only on the tactical work… Half of your week should also be focused on adaptive performance… experimentation and problem solving.” “Focus on reflection. Showcase and gather input on the experiments of the week. Where did they struggle with their motivation, and where did they thrive?”The new wave: keep training and upskilling According to an April 2020 Gartner survey of chief financial officers, 74% of businesses intend to shift some employees to remote work permanently. In part, Covid-19 has simply sped up an already-existing trend that’s been moving in this direction slowly for some time.But businesses are also keenly aware of potential cost reductions. The post Covid-19 working world will undeniably be radically different to the one we left.Igaming’s road to full recovery is long, but those businesses that adapt will assuredly bounce back. To do so, however, they will need talented individuals both from within and outside the organisation to help them carry this vision forward and will need people with the motivation and the skillsets to solve the challenges that lie ahead.Creating a sense of belonging, shared purpose and drive will likely be more challenging now. Changes will have to be made to onboarding processes and innovative ideas will be needed to instil a sense of company culture remotely, for example. There will also be fewer opportunities for mid-level staff to receive the training or mentorship needed to progress up the organisation.Distance learning is undoubtedly a powerful solution in both these cases. Google Trends shows a 3x increase in searches for “eLearning” from January to March 2020, a level that was held throughout April, indicating sustained appetite.Together with Totally Gaming Academy, we are already providing comprehensive training services for businesses operating online, aimed at every level of professional and available in multiple formats to optimise distance learning.Innovation has long been heralded as the trait that sets apart high-performing organisations from laggards. Are you ready for the challenge ahead?Rebeka Mizzi is Head of Sales at iGaming Academy, the industry’s leading provider of specialist online training services. Email Address Tags: Online Gambling The next phase: Innovation in igaming after Covid-19 People When novel coronavirus (Covid-19) hit, ensuring business continuity was at the forefront of operators’ minds. But this was only phase one, writes Rebeka Mizzi. The igaming industry now faces a new challenge –  to continue innovating in a wholly new working world.last_img read more

  • Ojito de Agua House Extension / Lacaja Arquitectos

    first_img Lead Architect: Area:  72 m² Year Completion year of this architecture project Projects Ojito de Agua House Extension / Lacaja ArquitectosSave this projectSaveOjito de Agua House Extension / Lacaja Arquitectos 2020 Photographs:  Mateo Pérez Manufacturers Brands with products used in this architecture project Design Team:Fernando Sánchez PachecoClients:Diego Grauman, Margarita CabalEngineering:Alejandro FernándezManagement:Yuri MedinaVegetable Prints:Claudia Gómez MejíaCity:SubachoqueCountry:ColombiaMore SpecsLess SpecsSave this picture!© Mateo PérezRecommended ProductsGlassLibartLeanTo Retractable StructuresRenders / 3D AnimationAUGmentectureAugmented Reality Platform – AUGmentecture™WoodEGGERLaminatesDoorspanoramah!®ah! PivotText description provided by the architects. The original house is located in a privileged place in front of one of the greenest and most exuberant hills of Subachoque (Cundinamarca). Its main facade faces east. The expansion seeks to bring the afternoon’s sunlight and create an “L” shape that embraces a large terrace, exalting the view and breaking the linearity of the current implementation.Save this picture!© Mateo PérezSave this picture!PlanSave this picture!© Mateo PérezA simple and glazed prism is defined, which traps the mountain in all its facades. The kitchen is the hinge space that articulates the original house and the new space. Above it, an inclined window is placed as the only volume that stands out framing the line of the back mountain and covering the inner space with the sun and the heat of the afternoon. Inside, the spatial warmth (in a very cold climate) in addition to the natural light, is sought through a wooden ceiling that descends on one of its side walls to meet the fireplace, so that the interior atmosphere strongly contrasts with the feeling that gives the permanent visual contact with the mountain chain.Save this picture!© Mateo PérezSave this picture!Section AASave this picture!© Mateo PérezThe sunset and the night have a special presence because the artificial light (directed towards the trees) illuminates the kitchen from the lateral windows facing the garden and the access stairs, drawing the light filters produced by the foliage on the surface of the concrete stairs dotted with vegetable prints. Overall, the space revolves around a bowl of light and fire that ends up on the terrace and expands the view towards the horizon.Save this picture!© Mateo PérezProject gallerySee allShow lessCuraumilla House / Andrés Riveros + Crescente Böhme AlemparteSelected ProjectsTito Apartment / 0E1 ArquitetosSelected Projects Share Year:  Save this picture!© Mateo Pérez+ 19Curated by Clara Ott Share “COPY” Architects: Lacaja Arquitectos Area Area of this architecture project Photographs ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/944346/ojito-de-agua-house-extension-lacaja-arquitectos Clipboard Colombia CopyHouses, Extension•Subachoque, Colombia ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/944346/ojito-de-agua-house-extension-lacaja-arquitectos Clipboard Manufacturers: AutoDesk, Resysta, Grupo cinco estrellas, Vialbo Gloria Serna Meza ArchDaily Houses Ojito de Agua House Extension / Lacaja Arquitectos “COPY” CopyAbout this officeLacaja ArquitectosOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentExtensionOn FacebookColombiaPublished on July 27, 2020Cite: “Ojito de Agua House Extension / Lacaja Arquitectos” [Ampliación Casa Ojito de Agua / Lacaja Arquitectos] 27 Jul 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogAluminium CompositesTechnowoodHow to Design a Façade with AluProfile Vertical ProfilesGlassMitrexSolar GreenhouseMetal PanelsAurubisOxidized Copper: Nordic BrownDoorsEGGERWood Laminate Doors in Molecular Plant Science InstituteStonesCosentinoSurfaces – Silestone® Nebula SeriesWall / Ceiling LightsLouis PoulsenLamp – LP RiplsWood Boards / HPL PanelsBruagRoom Dividers – Partition Wall MDFStonesNeolithSintered Stone – Mar del PlataWindowspanoramah!®ah! SecurityPanels / Prefabricated AssembliesULMA Architectural SolutionsMIS Facade PanelCarpetsFabromont AGTextile Floor Covering – Orbital® 07 COLORpunkt®LightsNorka lightingLuminaire – BelfastMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

  • Staying the course

    first_imgStaying the courseOn 2 Feb 2000 in Personnel Today Abysmal completion rates for Modern Apprenticeships have sparked calls for a rethink in the implementation of work-based trainingThe most recent statistics from the DfEE revealed that just 32 per cent of people leaving the Modern Apprenticeship scheme achieved an NVQ Level 3 qualification or higher.The figures also show major discrepancies between sectors. The motor industry and engineering manufacturing performed better than average, with 44 per cent and 36 per cent completion rates respectively, but the hospitality and retailing sectors only achieved 15 per cent and 11 per cent.John Brennan, director of further education development at the Association of Colleges, says: “I’m disappointed that one of the major government programmes for young people has such a low success rate.”He adds that while the Government has been keen to challenge colleges on the success of further education programmes it has been less vocal about the much lower completion rates for modern apprenticeships. “The question is, what does the Government intend to do and is it committed to raising standards in this area of work-based programmes?”One of the main reasons for the low success rate appears to be the attitude of employers. A DfEE study last September on work-based training generally, Tackling Early Leaving from Youth Programmes, said some training providers had suggested “that a number of employers pressurise young people to leave training early or to take up permanent employment with or without training”.Another problem, according to the DfEE, was poor initial assessment by training providers of young people entering programmes such as Modern Apprenticeships. It found assessment can range from an interview to establish exam results to a much more rigorous assessment of basic and key skills. Proper initial assessment helps with retention, the study said.Adrian Anderson, director of policy at the NTO National Council, says: “It’s clear a lot needs to be done on Modern Apprenticeships and that’s something both we and the DfEE recognise.”NTOs have developed the training frameworks delivered through Tecs, says Anderson, but he argues that NTOs could play a wider role in evaluating and monitoring Modern Apprenticeships, which could help improve completion rates.“We have sent proposals to the secretary of state outlining a new role for national training organisations in evaluation, marketing and review of work-based training,” he says, adding that this would be an appropriate task for NTOs because they enjoy strong employer backing.Another area the Government is expected to examine is whether NVQ Level 3 is an appropriate completion point for all modern apprenticeships.The much lower success rates in sectors such as retailing suggest employers in those areas do not necessarily feel trainees need to achieve such a high standard.“In retail, there is no tradition of NVQ Level 3 and employers often see Level 2 as an acceptable standard,” says Brennan.Iain Murray, policy officer at the TUC, accepts this may be an issue and points to proposals by the NTO National Council for two modern apprenticeship tracks. “One would take young people to NVQ Level 2 and the other to Level 3.”Murray, while accepting there are a variety of reasons for the low success rate, stresses employers need to be aware of their responsibilities under the programme: “The modern apprenticeship debate is part of a much wider examination of work-based training and we’re not just blaming employers for problems.“But it’s clear employers need to be aware of their roles and responsibilities in ensuring young people receive the training they are supposed to.”It is clear the DfEE will have to do a lot of thinking, says John Brennan, on how work-based training will be delivered in the future, but he is sceptical about whether changes will occur in the short term.“At the moment the Government is funding a Level 3 programme but only getting a Level 2 output, so perhaps the funding regime needs to be rethought,” he says. “But I haven’t seen any indication that the Government is considering action.”The abolition of Tecs, however, may provide an opportunity to reshape the system, he believes: “In the long term the abolition of Tecs and creation of learning and skills councils may provide a chance to look at this funding issue.”Success or failure the employer’s choice, says space company• Commitment by the employer is one of the key elements in a successful modern apprenticeship programme, according to Glyn Berrington, UK training and development manager at satellite manufacturer Matra Marconi Space.“We have a 100 per cent completion record for our modern apprentices and that is because we have high expectations from the word go and push our young people hard in employment and at college,” he says.The company has around 40 young people doing modern apprenticeships in mechanical and electrical engineering.The company takes seriously its relationship with colleges, says Berrington, and has a “preferred supplier” list of favoured training providers. It also ensures commitment from young people by insisting all candidates for the scheme attend a one-day selection process to assess personal skills and motivation.The key to the success of the programme is not relying on others, such as colleges, but for the employer to take a proactive role in monitoring Modern Apprenticeships, he says. “We rely on the colleges for the academic part, but it’s up to us to ensure the programme is working overall and to monitor people’s progress.”In practice, this means informing line managers of their responsibility and having a dedicated member of the training staff whose job is to manage in-work training programmes for young people.“We have seen Tecs come and go in the same way as the old EngineeringTraining Board but, when it comes to how successful schemes like modern apprenticeships are, the buck stops with the employer,” says Berrington.By Patrick McCurry Related posts:No related photos. Previous Article Next Article Comments are closed. last_img read more

  • Low-fat cream launch

    first_imgAnchor has launched its first low-fat and cost-effective fresh cream product into the food retail market.The Arla Foods brand’s Anchor Real Dairy Cream is available in cases of six 300g-pots for a manufacturer’s RRP of £1.25 per product. It contains 30% less fat than standard double cream products and is a suitable accompaniment to Christmas puddings and other festive desserts.Ed Steele, Anchor Cream brand manager, said: “In a category dominated by own-brand products, we’ve spotted a key opportunity for the Anchor brand to tackle these purchase barriers by championing the versatility of cream and its benefits when used in everyday food, with the reassurance of a lower-fat product.”The £110m brand’s fresh cream product will use online and in-store promotions, as well as advertising on Anchor Spreadable and Anchor Lighter Spreadable.last_img read more

  • Watch This Robotic Instrument Perform Vulfpeck’s ‘It Gets Funkier’

    first_imgWe always knew the guys from Vulfpeck were nerdy, but this is a whole new level. In a new video made by Jay Harrison, an instrument called an Electromechanical Lithophone is programmed to flawlessly perform Vulfpeck’s track “It Gets Funkier.”A lithophone is a percussion based instrument made out of rocks, the surface of which can be struck to produce a sound. Lithophones are analogous to xylophones, though xylophones are often made of metal. In this case, the striking is done by a robotic machine, and the surfaces are designed specifically to match various musical tones. The result is some Vulfpeck funk like you’ve never heard before.Watch the Electromechanical Lithophone at work in the video below!last_img read more

  • Magnetic attraction

    first_img <a href=”https://www.youtube.com/watch?v=er_4gLlmQV4″ rel=”nofollow” target=”_blank”> <img src=”https://img.youtube.com/vi/er_4gLlmQV4/0.jpg” alt=”0″ title=”How To Choose The Correct Channel Type For Your Video Content ” /> </a> While assembly lines have been the gold standard in manufacturing for more than a century, and have put together everything from Model T’s to tablet computers, one aspect of their operation has remained constant: the need for a hand, robotic or human, to manipulate objects.If Anand Bala Subramaniam, a postdoctoral fellow in chemistry and chemical biology, has his way, however, that could soon change. Working in the lab of Woodford L. and Ann A. Flowers University Professor George Whitesides, Subramaniam and colleagues, including Dian Yang, Hai-Dong Yu, Alex Nemiroski, Simon Tricard, Audrey K. Ellerbee, and Siowling Soh, have developed a system for using magnetic levitation, or maglev, technology to manipulate nonmagnetic materials, potentially enabling the use of materials that are too fragile for traditional manufacturing methods. The system is described in an Aug. 25 paper published in the Proceedings of the National Academy of Sciences.“What we’ve demonstrated in this paper is a noncontact method for manipulating objects,” Subramaniam said. “A conventional method for manufacturing is to start with simple components that are easy to manufacture, which are then assembled into more complex objects. Typically, robotic arms grasp the components and twist or turn them during the assembly process. That works very well for hard objects. But soft and sticky materials, which are of interest for building bio-mimetic objects, could easily be damaged.”Despite its potentially high-tech applications, the system described in the paper is surprisingly simple, consisting of two permanent magnets similar to those often found on refrigerators.“This brings the technology of maglev into the everyday use,” Subramaniam said. “We can now begin to experiment with methods to make this system more complex, with the addition of servos,” or automatic devices, “to move the magnets, or combine electromagnets with permanent magnets.”At the heart of the system, however, is what Subramaniam calls a “paramagnetic solution,” essentially a simple mixture of water and metallic salts, in this case manganese (II) chloride.“The physics behind how the system works is that the paramagnetic liquid wants to be closer to the magnets,” Subramaniam said. “An object that was initially at the bottom of the chamber, when placed in the device, levitates toward the center. The region closer to the magnet, which has a higher magnetic field than the center, is now filled with the paramagnetic liquid.”What’s more, Subramaniam said, researchers found that the shape of the object, such as a screw, plays a role in determining its orientation when levitating in the device.“What my colleagues and I found was that the screw naturally orients horizontally. But if we made it shorter by cutting the shaft, its orientation changed to vertical,” he said. “It was very striking how shape mattered in the orientation of all the objects we tested. The object orients to maximize the amount of liquid that occupies regions with a high magnetic field. Once the object is levitating and oriented, we can manipulate it without contact by using an external magnet or by rotating the maglev device.”Going forward, Subramaniam said, researchers hope that the new system will open the door to manufacturing a host of objects using soft, fragile, or sticky materials that might otherwise be impossible to work with using traditional methods.“Soft robots are a good example. We want to move toward softer materials that mimic the properties of biological tissues. But most methods used to assemble robots tend to damage soft materials. Assembly using maglev could be a solution,” Subramaniam said, “though there is still a lot of work to be done before we reach that level of sophistication.”last_img read more

  • Coroner Called To Scene Following Crash Near New York, Pennsylvania Line

    first_imgPhoto: Bull-Doser / WikipediaUPDATED AT 8:30 AM ON SATURDAY, OCTOBER 31, 2020:BUSTI – Police have identified the woman killed in a Friday evening crash on Busti-Sugar Grove Road near the New York, Pennsylvania line.Lakewood-Busti Police say around 6:30 p.m. a vehicle operated by 51-year-old Joseph Wisnewski, of Jamestown, was heading south when a deer ran in front of it.Wisnewski, police say, swerved to miss the animal causing his vehicle to travel off the east side of the roadway striking a tree head-on. Wisnewski, police report, had to be extricated from the vehicle. Officers say the front seat passenger, 65-year-old Carol Boyer, also of Jamestown, was pronounced dead at the scene.Additionally, there were two children in the back seat of the vehicle, a 13-year-old and two-year-old, that were taken to UPMC Chautauqua Hospital with minor injuries.The Busti Fire Department, Lakewood Fire Department and Chautauqua County EMS were among department that responded to the scene. Share:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window)last_img read more

  • Lower cost-to-close is good news for credit union mortgage lenders

    first_imgThere was good news a few weeks ago for mortgage lenders. In late August 2015, the Mortgage Bankers Association reported that the all-in cost-to-close for mortgage loans decreased from $7,195 to $6,984, a total savings of $211. Two hundred bucks might not seem like a big deal, but it is, for several reasons.According to the Mortgage Bankers Association, mortgage production costs have been consistently on the rise since 2009. The MBA publishes its Mortgage Performance Report annually, with quarterly installments throughout the year. This is a must-read for every mortgage lender with an eye on manufacturing costs, productivity and industry trends.The decline to $6,984 in the second quarter of this year is – hopefully – the beginning of a long-awaited trend toward more reasonable mortgage manufacturing expenses. Up to now, costs have been rising as lenders face an increasingly complex regulatory and investor environment.Purchase-money lending plays a role in costs, as well. Compared to refinancing loans, loans for the purchase of a home take longer, involve more people, require more documentation and, overall, have more moving parts. The switch to purchase lending is a positive and expected dynamic, but it is yet another component for lenders to address while keeping expenses in check.Whether this quarter’s cost-to-close decrease is truly indicative of a new pattern within the industry won’t be confirmed until fourth quarter numbers become available in early 2016. Know Before You Owe, the new mortgage disclosure rule, becomes effective October 3. The common wisdom among credit union mortgage lenders is that this will likely affect lending costs, at least in the short term.When it comes to fielding a competitive mortgage program, nothing is more important than cost-to-close. This quarter’s $200 per loan savings can be seen either as extra revenue or as a slight improvement in the mortgage rate members pay, or perhaps as both. Offering the lowest rate isn’t everything in mortgage lending, despite the use of interest rates as a standard basis of comparison for the average borrower.Managing Cost-to-CloseControlling cost-to-close — or at least understanding it — is easy. This week’s MBA announcement provides insight. Productivity, the ratio of closed loans to mortgage employees, increased in the second quarter from 2.4 loans per employee per month to 2.8. The seemingly insignificant move of just .4 is actually incredibly important. Productivity and cost-to-close have a tight inverse relationship. Increase productivity and cost-to-close will predictably – and reliably – decrease.This is true because of the make-up of cost-to-close. About 50% of the cost to manufacture a loan is labor. Labor — as represented by the number of employees — is the denominator in the productivity equation, hence the intimate relationship between these two metrics.Two variables affect productivity. Labor is one; the number of closed loans is the other. By making more mortgage loans, credit unions have an opportunity to extend and accelerate the decreasing cost trend that the MBA reported. This may seem like an overly simplistic analysis of a complex problem, but it isn’t. Credit union membership grew at a faster pace in 2014 than at any time since 1994. Many new credit union members means many new potential home buyers. Organizations that make more loans, increase productivity with existing staff, decrease the cost-to-close, and offer a more competitive and profitable mortgage program will produce even more loans. This is a great example of a feedback loop, and the best thing about it is how well it works.We study, talk about, publish and offer insight on credit union mortgage lending performance, an obsession of ours for more than a decade. Interested in knowing more? Read our latest thoughts on cost-to-close, productivity in our High Performance Lending Report. 22SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Dan Green With the objective of building a strong, cohesive and recognizable brand, Dan Green oversees all marketing and communications strategies through his work with customers, partners, industry organizations and the Mortgage … Web: www.accenture.com Detailslast_img read more