El Niño Means Higher Than Average Temperatures This Winter

first_imgThe National Weather Service predicts higher than average precipitation for winter 2016.The National Weather Service (NWS) released the U.S Winter Outlook last week.The report predicts higher than average temperatures in cities above the 40th parallel for Jan., Feb. and March 2016. Ocean City is slightly below that line, and experienced higher than average temperatures this fall. According to NWS monthly weather summaries, Ocean City had higher than average maximum temperatures  in Sept., Oct. and Nov. 2015.The East Coast can expect higher than average precipitation this winter. The NWS does not mention snowfall in their outlook. The National Oceanic and Atmospheric Association (NOAA) cited rapidly developing snow conditions as the reason for the exclusion in a Youtube video about the winter outlook.The winter weather will be heavily influenced by El Niño, a period of oceanic warming in the global climate cycle.Tomorrow (Dec. 22) marks the first day of winter and the shortest day of the year. There are 159 days until Memorial Day from tomorrow.last_img read more

Credit unions, taxes, and dishonest bankers

first_img 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: Ryan EllisSeemingly out of the blue, there was a raft this month of op-eds bashing credit unions. Alex Sanchez, CEO of the Florida Bankers’ Association, accused credit unions of being unpatriotic by not paying taxes. Frank Keating, the president and CEO of the American Bankers Association, said that if dropping non-profit status was good for the National Football League, it should be good for credit unions.What Is a Credit Union and How Do They Pay Taxes?Credit unions are treated under the Internal Revenue Code as a not-for-profit entity. While that means that they do not face taxation at the entity level (as most–but not all–banks do), it does mean they are obligated to plow their earnings right back into their customers’ (“members’”) pockets. How does that work?Suppose you have a savings account at a credit union. The interest you earn on that savings is higher than an equivalent account you earn at a bank. That’s because the credit union has to give any profits back to their members, and in this case that means a higher interest rate on deposits.Let’s take the other end of the spectrum. You have a mortgage from a credit union. The interest you pay on that loan is lower than an equivalent mortgage you could obtain from a bank. That’s because the credit union has to give any profits back to their members, and in this case that means a lower mortgage interest rate. continue reading »last_img read more

Bronte hits record form to win latest title

first_img12 Apr 2016 Bronte hits record form to win latest title English women’s champion Bronte Law broke three records as she powered to her latest win on the US women’s college circuit. She set a course record of eight–under 64 in the first round of the PING/ASU Invitational Tournament at the ASU Karsten Golf Course in Arizona. It was also the lowest round in the history of women’s golf at University of California, Los Angeles (UCLA), where she is a student. The world number four played the next two rounds in four-under (71 69) to finish on 12-under, setting a tournament record, and winning by three shots. It’s her second success of the college year, having previously won the Stanford Intercollegiate in October. In between, she has been second and tied-fourth on two occasions – and she’s currently ranked as the number one US women’s college player by GolfWeek. Law, from Bramhall in Cheshire, is no stranger to low scores. When she won her second English women’s championship last summer at Hunstanton in Norfolk she opened with nine-under 63 and went on to win on 13-under – and by 16 shots. Already this season she’s been joint runner up in the South American amateur and played in the first women’s Major of the season, the Ana Inspiration. She’s odds-on make her third appearance in the Curtis Cup this summer. Law is a member of England Golf’s women’s squad.last_img read more