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first_img 5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr NCUA’s obstinate and myopic refusal to submit its budget  to a  formal and open public process took another bizarre turn yesterday. To put it nicely,  the agency is demonstrating everything that can go wrong when an independent agency has too little oversight.The ostensible issue is about the Overhead Transfer Rate.  The real issue is fast becoming how much power an independent agency has to spend other people’s money without  oversight.The OTR represents money that the NCUA takes from the NCUA Share Insurance Fund to cover “Insurance Related Expenses.”  According to the National Association of Credit Union Supervisors   the OTR increased 40.1% from $67.0 million in 2013 to $93.9 million for 2015. NASCUS argues that “By shifting a portion of FCUs’ share of NCUA expenses to the NCUSIF, the OTR reduces out-of-pocket expenses incurred by FCUs. The resulting reduction in FCU Operating Fees provides a singular advantage to FCUs and adversely affects the competitive position of FISCUs relative to FCUs.” continue reading »last_img read more

first_imgBOONE, Iowa – An open practice session runs from 6-8 p.m. this Friday, May 15 at Boone Speed­way. Pit passes will be $15, masks must be worn, hand sanitizer stations will be located around the speedway grounds and race teams must maintain social distancing.  Opening night for IMCA Modifieds, IMCA Sunoco Stock Cars, IMCA Sunoco Hobby Stocks and Karl Kustoms Northern SportMods is Saturday, May 16. More information about Friday’s practice and Saturday’s opener is available on the track website or Facebook page.last_img read more

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. Hyderabad: Former India captain Mohammad Azharuddin was on Friday elected President of the Hyderabad Cricket Association (HCA), life coming full circle for the man who was once indicted for match-fixing and banned for life from playing. The stylish batsman of yesteryears polled 173 votes while his opponent Prakash Chand Jain got 73 votes. The victory marks his entry into cricket administration. The 56-year-old, who has also served as the member of parliament from Moradabad in Uttar Pradesh, led India to a spate of Test series wins over England, Sri Lanka and Zimbabwe at home in the 1990s.  But the former batsman fell from grace after he was implicated in the 2000 match-fixing scandal that shook the core of Indian cricket. However, the Andhra High Court had ruled that the investigation against him was not conducted properly. Azharuddin, who appeared in 99 Tests and 334 ODIs, filed his nomination for the president’s post in the HCA last week.Arun Dhumal, younger brother of former BCCI president and current MoS (finance) Anurag Thakur was elected president of the Himachal Pradesh Cricket Association (HPCA) unopposed, during its Annual General Meeting (AGM) on Friday. Una district’s Sumit Sharma is the new secretary of HPCA as there was no opposition against the Dhumal-led panel.  Also Read | Virat Kohli achieves this monumental CENTURY as Indian captain after Antigua Test winThe AGM happened on expected lines and former Himachal CM Prem Kumar Dhumal’s younger son could be a strong contender for a plum post in the BCCI — either as an office bearer or as a member of the all-important Apex Council during BCCI AGM on October 23. However for that, he will have to relinquish his state body’s position. Dhumal thanked his elder brother Anurag for his contribution to building a world-class stadium in the state.Also Read | India’s World Cup moments 1992: When Sachin Tendulkar arrived in a big way on the world stage”We should be proud of the work done by Anurag Thakur for development of state’s cricket. The name of Dharamshala is now known throughout the world because of the lovely cricket stadium built under the guidance of Anurag ji,” Dhumal said. Dhumal said that his primary aim would be to ensure that Thakur’s dream of setting up 70 cricket coaching centres across the state is realised.  “Anurag ji’s dream was to have 70 centres across the state. We have already got clearance for 62 of them and 22 are already operational. Around 1200 kids are getting coaching,” he said. last_img read more