Brett Easter(KENT, Washington) — A bright yellow ultralight plane made an incredible crash water landing and two nearby kayakers were in the right place at the right time to save the pilot’s day.Brett Easter took off from Norman Grier Field in Kent, Washington, on Monday unaware that he would have to make a quick maneuver to save his life.The propellers stopped moving shortly after takeoff and Easter told ABC News affiliate KOMO that he looked for a clear place to land setting his sights on Lake Morton.“At that point, you don’t know where the airplane is going,” he said. “I mean there are houses over here and no one deserves to pay for my engine failureSo Easter said he made a quick decision to land his plane on a lake and executed a perfect water landing.But upon landing in the water, he got tangled in his jacket and became trapped in the 47-degree water.Easter kicked ferociously for 10 minutes in an attempt to stay above water.“I was totally expecting not to wake up from it,” he said.Just as it seemed like all hope was lost, two good Samaritans appeared on a kayak and came to his aid.“Robert was yelling at him, ‘Stay up, you’re going to be okay, this isn’t your day. Not today,’” Lori Jurek told ABC News.Robert Thomas said that they watched the plane go down and paddled over to the scene. They helped Easter keep his head above water while a canoe brought them back to shore.“I just jumped in and was paddling as fast as I could and I’m turning 60 this month, so it wasn’t as easy as it used to be,” Lori said.“Everything worked perfectly for him to survive this,” Thomas added. “The day, the time, everything.”The young pilot spent a night at the hospital, according to KOMO, but still had water in his lungs when he was released.Despite the turbulent start with his new aircraft, Easter said it won’t keep him down.“I’m definitely not done flying. It’s not gonna keep me out of the sky. One engine failure’s not gonna do it for me,” he said.The National Transportation Safety Board and Federal Aviation Administration is investigating the crash.Copyright © 2019, ABC Audio. All rights reserved.
by: Henry MeierAs expected, at yesterday’s board meeting the NCUA proposed raising the cap below which a credit union is considered a small credit union for regulatory relief purposes from $50 to $100 million. According to NCUA, the increase means that an additional 745 credit unions will be eligible for potential relief from future regulations for a total of approximately 4,869.Great job by the agency in coming forward with the proposal; but we won’t really know how much this helps the industry for some time to come. First, the agency has already exempted credit unions below the threshold from onerous mandates including those dealing with enhanced protections against interest rate risk and the proposed enhanced Risk-Based Capital framework. Second, many of the biggest mandates are out of NCUA’s hands. For example,the CFPB has been willing to extend mandate relief to institutions with as much as $2 billion dollars in assets, but these exemptions come with strings attached – such as a requirement that exempted institutions hold most of their mortgages. Thirdly, the fact that NCUA justifiably feels the need to dramatically raise the small credit union designation after having raised it from $10 million approximately two years ago shows you how quickly the industry is changing and not for the better. NCUA examined rates of deposit growth, rates of membership growth, rates of loan origination growth, and the ratio of operating costs to assets and determined that credit unions below $100 million are at a “competitive disadvantage” to their peers.The branch is dead! Long live the branch!I actually found myself muttering in disagreement as I read a report issued by the FDIC yesterday. It concluded, based on an analysis of bank branching patterns from as far back as 1935, that: continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
HUNDREDS of fans turned out on Sunday to witness the annual Mainstay Regatta and the Gonsalves family of Pomeroon dominated the day.Commencing just before lunch at the Essequibo resort, the day featured over 13 events of boat racing.Apart from the powerboat racing, there were also novelty events for male and female swimmers and canoe racing.The event was declared open by managing director of the resort, Wilfred Jagnarine.
According to the 2010 U.S. Census, Monmouth has experienced some changes in population over the past 10 years, but some county and local officials are skeptical about the accuracy of the numbers.The data show that roughly 15,000 more people now call Monmouth County home than did so back in 2000, with the current population standing at 630,380.Most of the population growth occurred in the western party of the county, with Upper Freehold experiencing the largest increase.The population of Upper Freehold increased by 61.9 percent, bringing its total population to 6,902.Other communities with reported increases include Marlboro, Manalapan, Millstone, Tinton Falls, Howell and Holmdel.Red Bank showed a modest increase of 3.06 percent bringing that population to 12,206, while Fair Haven experienced a 3.10 percent hike, raising its population to 6,121,Approximately 50 percent of municipalities within the county showed marked decreases in population.The largest declines occurred in tiny seaside locations as Allenhurst and Loch Arbor Village, which saw drops of 30.92 percent and 30.71 percent, respectively, bringing their total populations down to 496 and 194.In general, shore communities appeared to be experiencing the most declines, with the population down Middletown, Keansburg, Atlantic Highlands and Highlands. In the two river area, Sea Bright had a significant drop with a loss of 406 residents, a decline of 22.33 percent, bringing the population of that coastal community down to 1,412.But some on the county and local levels are questioning the federal findings.“We’re actually not sure these counts are completely accurate,” said Russell Like, principal planner/section supervisor of research and special studies for the county’s Division of Planning.Like noted that the numbers seem to show there was an increase in the housing vacancy rate throughout the county. “And that does include the coastal communities,” he said. But he speculates that could mean, “A higher percentage of people who are using those as second homes.”“That is no means a certainty,” Like acknowledged, “just one possibility.”The Census is really intended as a “snapshot” of the population for April 1 of the year that it’s taken, Like explained. “The Census, while it attempted to be a 100 percent count is a model of the real world,” Like said. “And models are never 100 percent accurate.”Like has spoken to some local officials about the findings and, “honestly, they’re a little puzzled.”“So, I think there are some questions about these numbers,” he noted.Middletown, the county’s largest municipality, at about 40 square miles, saw a downward trend of approximately 0.29 percent, which translates into a loss of 195 residents.But like the county as a whole, Middletown has seen a reduction in household size and an increase in the housing vacancy rate. But the reasons why aren’t clear, said Jason Greenspan, Middletown’s planner. “Without detailed Census data at the track level, it’s really just speculation,” he said.(Greenspan did note, that Middletown has experienced population decreases since the 1990 data.)Some of statistical surprises may be explained by human error on the part of Census workers, noted Greenspan, who said township officials had received phone calls from residents of relatively new developments who complained they hadn’t gotten their forms, leaving him to wonder if the workers had overlooked some portions of the community.In Sea Bright there was a similar situation, said Mayor Maria Fernandes, who said there were complaints about the federal Census worker, who was available for only a brief period.“I found the numbers awfully strange,” Fernandes concluded.Like has been telling municipalities within the county that they could challenge the federal findings if they think there are inconsistencies, and file appeals with the Census Bureau. Towns have until 2013 to file.Middletown, is considering it, Greenspan said, though no decision has been made. And for now, “We in Middletown are speculating what that decline is due to,” he said. By John Burton
MISS SUGARS ADDS BLINKERS AND GETS UP TO WIN $75,000 BLUE NORTHER STAKES BY A HEAD UNDER BAZE; TRAINED BY MULLINS, SHE GETS MILE ON TURF IN 1:36.24
ARCADIA, Calif. (Dec. 29, 2016)–A close fourth with a troubled early trip in her most recent start, English-bred Miss Sugars added blinkers and was up to win Thursday’s $75,000 Blue Norther Stakes at Santa Anita by a head under Tyler Baze as she stopped the clock for one mile on turf in 1:36.24.Trained by Jeff Mullins, Miss Sugars was closer to the early pace with the equipment change and was three-wide turning for home while third behind pacesetter Princess Roi, who dug in tenaciously to finish second in a three-way photo for the win.“In England, they don’t have anybody with them in the gate and since this is only her third start here, they load me and then we’re on our own,” said Baze. “She broke great today and the trip we got worked out just the way we wanted it to. We were up closer and able to save ground early and around the far turn I took a look back and just decided to let her kick before the others did.“She tries really hard and Jeff’s been a big part of my career. It’s great to end up the year winning a race like this for him.”Off at 6-1 in a field of 10 juvenile fillies, Miss Sugars paid $14.60, $7.00 and $5.00.Owned by Red Baron’s Barn, LLC and Rancho Temescal, LLC, she improved her record to 8-2-3-1. With the winner’s share of $46,800, she increased her earnings to $71,985.“Well today, we didn’t have to go through the steeplechase deal,” Mullins said, as he laughingly referred to a weather related obstruction that caused Miss Sugars to lose some ground into the first turn of the Grade III Jimmy Durante Stakes at Del Mar on Nov. 26. “The blinkers helped her lay closer to the pace today and it made Tyler’s job a little easier. We’ll keep her on the grass.”Ridden by a comebacking Corey Nakatani, Princess Roi was pressured throughout by eventual third place finisher Tap It All, but dug in resolutely at the rail to nab the place by a nose. Off at 15-1, Princess Roi paid $15.00 and $12.00.“I love this filly,” said Nakatani. “We got pressure and for her to fight back like she did, shows her class. I really want to thank Richard (trainer, Baltas) for putting me on her. I’ve been working horses for him and this was a good opportunity.”Ridden by Mario Gutierrez, Tap It All broke from post position eight and vied for the lead with Princess Roi throughout and just missed winning. Off at 28-1, Tap It All paid $12.00 to show.Fractions on the race were 23.49, 47.67, 1:12.35 and 1:24.29.Racing resumes at Santa Anita on Friday, with first post time at 12:30 p.m. Admission gates open at 10:30 a.m.
zoomImage Courtesy: Teekay LNG carrier owner and operator Teekay LNG Partners has unveiled plans to amend its US tax status to be treated as a corporation instead of a partnership.This would provide access to a larger investor base and should not result in Teekay LNG recognizing a gain or loss or change its taxes payable going forward, according to Kenneth Hvid, Teekay’s President and Chief Executive Officer.“The Board is recommending that Teekay LNG elect to be treated as a corporation, instead of a partnership, for US federal income tax purposes, which we believe is in the best interests of our current and future unitholders because, by eliminating the burdensome K-1 reporting, we anticipate that Teekay LNG will be a more attractive investment for larger, institutional investors,” Mark Kremin, President and Chief Executive Officer of Teekay Gas Group, said.A proxy statement has been filed and is subject to common unitholder approval, the company said.Teekay LNG closed the quarter ended September 30, 2018, with a GAAP net income attributable to the partners and preferred unitholders of 25.9 million, compared to a net loss of USD 18.9 million seen in the same quarter last year.Adjusted net income attributable to the partners and preferred unitholders stood at USD 19.5 million in Q3 2018, against USD 13.5 million in Q2 2018 and USD 20.9 million in Q3 2017.“Teekay LNG’s results for the third quarter of 2018 improved substantially, with adjusted net income up 44 percent compared with the second quarter of 2018,” Kremin commented.During the quarter, the partneship took delivery of Pan Europe LNG carrier, Megara MEGI LNG carrier, Bahrain Spirit FSRU and Rudolph Samoylovich ARC7 LNG carrier.“The earnings and cash flow from the delivery and contract start-up of our recent LNG carrier newbuildings are beginning to have a positive impact on our financial results, with eight newbuilds having now delivered since the start of 2018 and an additional seven LNG carriers, and the Bahrain regasification facility, expected to commence their fixed-rate contracts during 2019,” Kremin added.“Importantly, the vessels that have delivered to-date during 2018 only represent approximately 50 percent of the total USD 310 million of expected incremental cash flow from vessel operations relating to our existing LNG newbuilding program and therefore, we expect our fixed-rate cash flows will continue to increase through 2019 as the remaining projects deliver,” he further said.In September, the partnership agreed to charter-in Magellan Spirit LNG carrier from its 52%-owned Teekay LNG-Marubeni joint venture for a period of two years.“We have now fixed that ship (Magellan Spirit) on a five-month charter contract to the end of March 2019, which we expect will add approximately USD 8 million in incremental profit to Teekay LNG over the length of this charter alone. In addition, the Torben Spirit LNG carrier and two Teekay LNG-Marubeni joint venture LNG carriers are scheduled to come off-charter between December 2018 and May 2019 and we are currently in discussions to secure employment for these vessels at significantly higher rates,” as informed by Kremin.The partnership also sold two 2003-built Suezmax tankers, African Spirit and European Spirit.Teekay LNG has interests in 49 LNG carriers — including seven newbuildings –, 22 mid-size LPG carriers, seven multi-gas carriers, and three conventional tankers. In addition, the partnership owns a 30 percent interest in a regasification terminal, which is currently under construction.