Jones Energy is an independent oil and natural gas company engaged in the development and acquisition of oil and natural gas properties in the Anadarko basin of Oklahoma and Texas Jones Energy completes of Merger with Revolution Resources. (Credit: Akshay93 from Pixabay.) Jones Energy II announced that it has completed its previously announced merger with Revolution II WI Holding Company, LLC (“Revolution”), an affiliate of Mountain Capital Partners, LP, for aggregate consideration of $201,500,000. Under the terms of the merger agreement, Jones Energy stockholders will receive approximately $14.0624 in cash for each share of Jones Energy Class A common stock, each unit of Jones Energy Holdings II, LLC or each Jones Energy restricted stock unit they own, as applicable, without any interest, less any required withholding taxes. The final consideration of approximately $14.0624 per share reflects the inclusion of all of the Company’s outstanding equity securities entitled to receive the merger consideration as of the closing date and replaces the previously estimated per share price of approximately $14.11. Following the closing, the Company is now a wholly-owned subsidiary of Revolution.In order to receive the merger consideration to which stockholders are entitled, stockholders will need to complete, execute and deliver a letter of transmittal and certain other documents to the exchange agent, American Stock Transfer & Trust Company, LLC. An information statement about the merger, the letter of transmittal and the other required documents will be mailed to stockholders on or about January 14, 2020. If you have any questions, please contact the Information Agent, D.F. King, at [email protected] or 800-864-1460 (Toll-Free).Evercore Group LLC and TD Securities served as financial advisors to Jones Energy, and Baker Botts L.L.P served as its legal counsel. Kirkland & Ellis LLP served as legal counsel for Revolution. Source: Company Press Release
Subscribe to the Horse Sport newsletter and get an exclusive bonus digital edition! The FEI hosted a stakeholder consultation session on March 24th to review comprehensive draft Return To Competition protocols. These measures are aimed at, in the short term, minimizing the risks associated with the restart of FEI competitions in mainland Europe on 12 April 2021 and, in the long term, increasing biosecurity knowledge, skills and awareness among all FEI stakeholders in order to prevent a recurrence of the devastating EHV-1 outbreak.The proposed Return To Competition protocols, a number of which are already covered in the FEI Veterinary Regulations or FEI General Regulations, were presented by FEI Veterinary Director Göran Åkerström and generated valuable input from stakeholders. FEI Legal Director Mikael Rentsch discussed the legal provisions for enhanced FEI jurisdiction in the event of a disease outbreak at an FEI Event.Areas covered in the draft requirements include biosecurity plans and mitigation plans for outbreaks of infectious disease for all FEI Events; mandatory advance PCR testing (for certain designated events only) and temperature monitoring; enhanced Examination on Arrival external to the event stabling area for all horses; athlete self-certification for the health status of their horses; stabling (including isolation stables and restrictions on access); minimising nose-to-nose contact between horses; control of dogs; and the importance of basic hygiene.The proposals, which received broad consensus from the group, cover pre-event, the duration of the event and post-event.The topic of vaccinations was discussed and the FEI Veterinary Director advised that there are no vaccines which are effective against the neurological form of the virus that has caused the current outbreak. Vaccinated horses have still become sick and, in addition, there are currently very limited supplies of EHV vaccines available in Europe.In a brief opening address, FEI President Ingmar De Vos reiterated that there will be a full and thorough investigation into the circumstances of the outbreak and that the findings will be published. “Our goal is to learn from this and not to point fingers”, he said. He also thanked participants and the wider community for the incredible team and individual efforts to contain the outbreak.He stressed the need for continuing to work together. “The measures we put in place – both short-term and long-term – and especially how effective they are, will depend on our ability as a community to collaborate, to agree to the same set of principles and to fully endorse and implement them in each of our respective areas of responsibility.“This outbreak in Europe has been devastating. But everyone in this virtual room has shown great solidarity so far, and I am confident today will be another milestone in our collective effort to overcome this, to learn from it and to make us stronger for the future.”Stakeholders who joined the two-hour online session included Athlete Representatives Pedro Veniss (Jumping) and Beatriz Ferrer Salat (Dressage), Eleonora Ottaviani (International Jumping Riders Club), Klaus Roeser (International Dressage Riders Club), Peter Bollen (Equestrian Organisers), Dominique Megret (Jumping Owners Club), Quentin Simonet and Ulf Helgstrand (European Equestrian Federation), together with international grooms Heidi Mulari (Steve Guerdat) and Kirsty Pascoe (Jérôme Guery), and FEI Events Stable Manager Patrick Borg.FEI Veterinary Committee Chair Jenny Hall was also part of the meeting, alongside the Chairs of the FEI Technical Committees – Stephan Ellenbruch (Jumping), Frank Kemperman (Dressage), David O’Connor (Eventing), Karoly Fugli (Driving), Christian Lozano (Endurance), Pavla Krauspe (Vaulting) and Amanda Bond (Para Dressage). FEI Headquarters was represented by the Discipline Directors, IT, Veterinary, Legal and Communications Departments.At the conclusion of the meeting, FEI Secretary General Sabrina Ibáñez outlined next steps, advising the group that feedback from the stakeholder consultation session will now be incorporated into the draft proposals. The proposed measures, which were discussed by the FEI Veterinary Committee yesterday, will be further reviewed at tomorrow’s FEI Veterinary Epidemiology Working Group meeting before being finalised and presented to the FEI Board for approval. Bylaws for some of the temporary measures will need to be put in place, and rules for the long-term requirements.The community will be advised of the new requirements before the end of March in order to allow sufficient time for implementation.Visit the FEI’s new How-To Biosecurity section here. Tags: FEI, EHV-1, biosecurity, return to competition, Email* SIGN UP More from News:MARS Bromont CCI Announces Requirements For US-Based RidersThe first set of requirements to allow American athletes and support teams to enter Canada for the June 2-6 competition have been released.Canadian Eventer Jessica Phoenix Reaches the 100 CCI4*-S MarkPhoenix achieved the milestone while riding Pavarotti at the inaugural 2021 CCI4*-S at the Land Rover Kentucky Three-Day Event.Tribunal Satisfied That Kocher Made Prolonged Use of Electric SpursAs well as horse abuse, the US rider is found to have brought the sport into disrepute and committed criminal acts under Swiss law.Washington International Horse Show Returns to TryonTIEC will again provide the venue for the WIHS Oct. 26-31 with a full schedule of hunter, jumper and equitation classes. Horse Sport Enews We’ll send you our regular newsletter and include you in our monthly giveaways. PLUS, you’ll receive our exclusive Rider Fitness digital edition with 15 exercises for more effective riding.
‘My worry is that in the future students who aren’t willing to take on huge amounts of debt will be put off studying at top universities, even if they are bright enough to go.’Cusworth added, ‘I hope that the government will really work to get the message out to prospective applicants that they won’t have to pay the new higher fees up-front and that, for many people, the monthly repayments will be lower under the new system than what is currently the case’, and explained that she would be working to ensure that no one was put off applying to Oxford because of the higher headline fee.Hill’s comments came as David Willetts’ latest plans for introducing a functioning market in higher education were outlined in a government White Paper, called Students at the Heart of the System. The plans include encouraging universities to bid for places by reserving 20,000 places for courses with fees below £7,500 and allowing universities to offer unlimited places for students with AAB or above, whatever their total student quota.Willetts claims his policy will put “students in the driving seat” and “put power … in the hands of students”. According to the Higher Education Minister, these new procedures are “just the start”.However, these attempts to impose market forces on the University system are unlikely to change student numbers at Oxford. A spokesperson for the University said, “The University has no plans to increase undergraduate numbers. The tutorial and collegiate systems place a natural limit on student numbers.”NUS President Aaron Porter argued that the changes would expose students to “the potential chaos of the market and yet there are still no concrete proposals for how quality, accountability and access will be improved.”Cusworth commented, ‘I think because of Oxford’s traditions and approach to academic study some of the more market orientated proposals in the White Paper won’t work in the Oxford context.’However, she added, ‘I think it’s important we don’t throw the baby out with the bathwater, and I welcome Willetts’ focus on ensuring teaching is valued and always of a high quality.’ Oxford’s Professor of Poetry, Geoffrey Hill, slammed the government’s higher education reforms in front of a packed Sheldonian Theatre last week.At the ancient Encaenia Ceremony, during which the University of Oxford awards honorary degrees and pays tribute to its benefactors, Professor Hill disparaged proposals which he said would turn students into ‘consumers and punters’.He described his own experiences of coming to Oxford from a working class family, with neither of his parents having been to university. Hill also outlined his fears that the level of scholarships and grants which had made attending university possible for him would not be available under the new funding arrangements.He added, ‘If even one University comes to consider their students as consumers and punters, the future of education in this country is bleak.’Outgoing President of the Oxford Student Union David Barclay commended Professor Hill’s speech, saying, ‘As the representative of Oxford students I applaud Professor Hill for his inspiring and vitally important speech today.‘At one of the University’s most public occasions it was crucial to acknowledge the damage being done to Higher Education by a Government policy in total freefall.‘Like Professor Hill I find it extremely offensive to suggest that students are consumers. We are members of our University community and our rights and power come from that status, not from the size of our wallets and the level of our debts.’Professor Hill’s speech comes just weeks after Oxford academics voted overwhelmingly for the No Confidence motion in Universities Minister David Willetts. The Philosophy department of Kings College London has also passed a similar motion, and one is due before Cambridge academics this month.OUSU’s incoming Vice President for Access and Academic Affairs, Hannah Cusworth, also expressed her support for Professor Hill’s speech. She commented, ‘I think it’s important that universities aren’t just presented to people as solely institutions that improve somebody’s job prospects and that people should choose which university they apply to on the basis on how much it costs.
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In a rule change required by the Competition and Markets Authority (CMA) as part of its Retail Banking Investigation, banks must now set up an alert system which will help their customers avoid unnecessary charges.During its investigation, the CMA found that banks receive around £1.2 billion a year from unarranged overdraft charges. This new overdraft measure, combined with the CMA’s recent order to require banks to publicly announce their maximum monthly charges, could create significant savings for many bank customers.A number of banks already have alert systems in place, but the new rules require all banks to send these alerts – through texts or a mobile banking app – and to implement other measures, such as a grace period in which people can transfer money into their account to avoid being charged.The system will apply to new customers from today and will roll out to all existing bank customers over the coming month.Adam Land, Senior Director at the CMA, said: People will now be told when they are about to slip into overdraft, which could help them avoid potentially costly charges. And the changes we are requiring from today make it easier for small firms to switch to another bank for their current account or to obtain a loan. These new rules, which are a result of our recent retail banking investigation, are part of a wider package that will help people to get the most out of their banks and force them to work harder for their customers’ money.The overdraft alert system is one of 4 new measures that are being implemented today to improve the service people receive and make it easier to switch between different banks. At the moment, only 3% of personal and 4% of business customers switch to a different bank in any year, even though personal customers in Great Britain could typically save £92 per year by switching. Small firms, which benefit from 3 of the new measures being introduced, could realise savings of around £80 a year on average.Opening Business Current AccountsIn its investigation, the CMA found each bank is asking for different information from businesses applying to open current accounts. This has encouraged many small businesses to use their existing Personal Current Account (PCA) provider for their business account and has discouraged them from switching between banks. The CMA is therefore insisting that Business Current Account (BCA) opening procedures are standardised, so all banks will now ask for the same information from applicants.Loan price and eligibility toolSmall and medium sized businesses will also now find it easier to take out a business loan thanks to a new loan price and eligibility tool to be launched by four banks: RBS Group, Lloyds Banking Group, HSBC Group and Barclays. This tool will help SMEs to understand the costs of taking out a loan and find the best deal for them.Transaction historyBanks will now also have to provide personal and business customers who are closing their account with five years of transaction history, free of charge, unless they choose to opt out. This move aims to encourage switching, as the CMA has found that the fear of losing your transaction history can be a reason people don’t switch. It also means people will have easy access to their financial records for things like mortgage applications.Notes for Editors In its final report on the retail banking market, published in 2016, the CMA announced a package of reforms to make banks work harder for their customers and help people take control of their banking using innovative new services. For more information, visit the retail banking investigation case page. The overdraft alert, which will be sent by text message or via a mobile banking app, applies to all banks with more than 150,000 active current accounts. RBS has indicated that, on occasion, alerts may be provided up to a day late to a limited number of its customers up until September 2018. In the event that the alert is sent late, the CMA has required the bank to either prevent a fee being charged or reimburse customers for any fee that is charged within this period. The FCA has found that signing up to text alerts alongside using mobile banking reduced monthly unarranged overdraft charges by 24% on average (around £11 per year for each customer). The regulator has been undertaking its own analysis into overdraft charges and is due to present its conclusions and any potential remedies later this year. The provision of transaction history remedy applies to all PCA providers with more than 150,000 active PCAs and all BCA providers with more than 20,000 active BCAs. Banks can decide whether to provide customers their transaction history in paper or electronic format. Clydesdale Bank indicated it would not be able to provide this service on the 2 February 2018 and the CMA therefore issued Directions to ensure it would be fully compliant from the 2 March 2018. The Business Current Account procedure requires all BCA providers with more than 20,000 active BCAs to adopt a Standard Information Set, which is the standard information required by banks when deciding whether to approve an application to open a BCA. The banks have worked with UK Finance to develop and agree the Standard Information Set, which will be made available on the UK Finance website. The new loan price and eligibility tools cover all unsecured loans and standard tariff unsecured overdrafts up to £25,000. They complement the CMA’s requirement – from August 2017 – for all providers to SMEs of unsecured loans and standard tariff unsecured overdrafts to publish the cost of these products, showing a representative annual percentage rate (APR) for loans and effective annual rate (EAR) for overdrafts. Media queries should be sent to: [email protected] or journalists can call 020 3738 6191.
Harvard researchers have created an inexpensive detector that can be used by health care workers in the world’s poorest areas to monitor diabetes, detect malaria, discover environmental pollutants, and perform tests that now are done by machines costing tens of thousands of dollars.The device, already in field trials in India, costs about $25 to produce, weighs just two ounces, and is about the size of a pack of cigarettes. It was modeled after the latest generation of inexpensive glucose monitoring devices, which are in widespread use, but whose function is limited to testing blood sugar. In addition to conducting the tests, the new device can send data over the lower-tech cellphones common in the developing world to distant physicians, who can text instructions back to researchers, government officials tracking outbreaks, and others.“We designed it to be as close as possible to a glucose meter, because that’s familiar to people,” said Alex Nemiroski, a postdoctoral fellow in the lab of Flowers University Professor George Whitesides and lead author of a paper, released today in the Proceedings of the National Academy of Sciences, describing the work. “There are two buttons. Select the test and press ‘go.’ It should be as much of a no-brainer as possible.”Nemiroski and colleagues in Whitesides’ Lab, the Wyss Institute for Biologically Inspired Engineering, the Kavli Institute for Bionano Science & Technology, Harvard’s School of Engineering and Applied Sciences, and the University of Oviedo, Spain, worked on the device over nearly three years. At this point, Nemiroski said, he’s turned the device over to entrepreneurs interested in commercializing the technology.Nemiroski, who received a doctorate from Harvard in applied physics in 2011, said he started thinking about the device before his graduation, after which he began his fellowship in Whitesides’ lab. He has long had an interest in global health, and wanted to find a way to bring the high technology that is a feature of Western medicine to resource-poor settings worldwide.He focused on an electrochemical detector, which measures the voltage or current generated in liquids for characteristic signatures of the liquid’s contents. For example, by applying a small amount of electricity to a drop of blood mixed with a reagent, the device can gauge glucose levels. The same goes for heavy metals in water, malaria antigens in blood, and sodium in urine.“Electrochemisty — causing chemical reactions by passing electrical current through a solution of appropriate molecules — is a very powerful set of techniques and widely used in chemistry,” Whitesides said. “It has been less widely exploited in bioanalysis, although some of the most widely used biomedical analyses — blood glucose in management of diabetes, serum electrolytes in diagnostic screening, chemiluminescent immunoassays based on production of light — are electrochemical, and are very widespread and useful.”The equipment currently used in a typical Western lab is large, bulky, and costs around $50,000, according to Nemiroski and Whitesides. Procedures also require other types of laboratory equipment, including mixers, beakers, and expensive reagents. Though reagents, which are substances used in chemical analysis, are also needed for some of the tests done by the device, samples measured in drops need just a small amount of reagent for each test. The device also uses vibration to mix samples.“The problem with electrochemistry is that the instrumentation can be quite expensive (and large) for some techniques, and is really intended for use in well-equipped laboratories,” Whitesides said. “Our work had three objectives: to make a technologically versatile, hand-held electrochemical reader that was inexpensive and rugged; to demonstrate methods of programming and using this device to do a range of assays relevant in public health, diagnostics in resource-limited environments, and testing for safety and quality of water, food, and other health-related materials; and to make the information provided by the analysis easily uploadable to the Web over even low-end (G-2) cellphones.”The device’s unique communications capability stems from the understanding that, though medical apps have proliferated recently, most are created to run on the latest generation of smartphones and communicate over the newest and fastest data networks. The reality, however, is that though cellphones have spread through much of the developing world, those phones and their networks tend to be lower-tech, without data capability.That meant the researchers had to find a new way to send data. They created software that converted the data to audible tones so it could be sent — after plugging the device into the phone’s headphone and microphone jack — just as if it were someone’s voice. The data is then sent over the phone’s audio network to a physician, database, or other recipient.Nemiroski credited the device’s development to the interdisciplinary nature of Whitesides’ lab. In creating the device, he collaborated with experts in chemistry, biology, and other fields.Nemiroski recently sent off five units to be field tested in India, and is already at work on the next generation of the device, which will have more features and be able to conduct more tests. With digital miniaturization proceeding rapidly, utility rather than technology may be what limits the number of tests that can be packed onto a future device, he said.“I’m really proud of the work and really proud of the team,” Nemiroski said. “I think there’s a real need, and I think this is a real solution.”
View Comments There’s nothing better than a beautiful spring day in New York City—not that we’ve experienced many of those days this year, but we’re still holding out hope! Even though the weather outside is still kinda, well, terrible, you can still live vicariously through Idina Menzel and her pals as they hang out in Madison Square Park in the new Broadway musical If/Then. The city-centric tuner by Tom Kitt and Brian Yorkey officially opens on March 30, so we’re definitely in a New York state of mind. We started thinking of all the musicals set in the Big Apple, and we’ve narrowed the choices down to 18 stellar stories set in the city that never sleeps. Which one is the quintessential New York City musical? Cast your vote below!
In the intense battle of competition between financial institutions, credit unions have long held a winning hand: better service. It’s an advantage most credit unions promote, emphasizing their ability to do a far better job than the banks in meeting the needs of individuals. There’s just one problem. It’s not true. As found in the Finance and Insurance Report 2018 from the American Customer Satisfaction Index (ACSI), banks are now on par with credit unions for customer satisfaction, with both institutions earning an ACSI score of 81. It’s the first time in ten years that the scores have been equal. But what’s even more chilling is how that came to be. While the customer satisfaction score for banks remained steady year-to-year, it dropped by 1.2% for credit unions. Meaning consumers are losing faith in credit unions, but not in banks. Now, if that’s got you worried, good! Because you should be. Banks have closed the gap on credit unions and it only looks set to continue. Unless action is taken now to reverse the trend, there will soon be little reason to join a credit union. What can credit unions do to remain competitive? The first step is to understand why the gap has closed. And this comes down to the fact that there are many aspects that contribute to customer satisfaction. While credit unions win in some areas, such as in-branch courtesy and helpfulness (do note they lead by only one point), banks outperform credit unions in areas that are increasingly important to today’s consumer, such as quality of mobile apps. As consumers rely more on digital and less on in-branch visits to complete their banking, interactions outside the branch will make a much bigger contribution to customer satisfaction. Which means credit unions need to create a consistent experience across every channel. An experience that is as good as it is in their branches.Elevating the cross-channel experienceThe key is to look at the brand as a whole, then determine whether the same level of quality is experienced at every touch point. Identify the gaps in the total brand journey, then address them. Take your website, for example. Your website should be seen as a highly-valued resource; one that positions you as an authority of financial well-being, a pillar of the community, and an advocate of the credit union movement. It’s the perfect vehicle to energize members and non-members. But do visitors enjoy the same level of quality as they do when they engage in person? More specifically, do they come away from your site feeling the same way as someone who has just visited your branch? If not, think about the ways you can easily improve the interaction. Whether it’s more user-friendly navigation, updating content for greater relevancy, or reformatting to a responsive design, sometimes the simplest update can drastically improve the entire experience. The same goes for your mobile experience. If after using your app members don’t feel the same level of fulfillment as the do once they’ve left the branch, then there is work to be done.Don’t forget the restWhile improving the digital experience is essential, it’s important to not neglect any of the other channels in the process. A small oversight may be all it takes to disappoint members. One often overlooked area is membership cards. Are your cards presented to new members in a way that makes them feel valued and special? Or are they handed over with very little wow-factor? It is these seemingly small areas that can provide huge opportunities to extend the high service you offer in branch. And don’t forget to leverage your strengths in inventive ways! If members enjoy the advice your in-branch staff provide, consider running events or seminars that allow members to learn how they can better manage their finances. This gives your credit union the opportunity to further engage in-person – something you know your organization can do well – while providing significant value to the member. It also provides an opportunity to extend your offering, particularly online. Possible avenues include webinars for people who are unable to attend in person or featuring success stories of attendees on your blog. Act now or forever hold your peaceWhile these are just a few considerations, the most important take-away is credit unions need to start fighting back with a consistent brand experience. The banks are muscling in on credit unions’ turf, and unless they evolve to meet consumers’ changing needs, credit unions will be left far behind. We’re not ready to let that happen – but the question is, are you?References: https://www.theacsi.org/news-and-resources/customer-satisfaction-reports/reports-2018/acsi-finance-and-insurance-report-2018https://www.theacsi.org/news-and-resources/press-releases/press-2018/press-release-finance-and-insurance-2018 ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Ben Prager Prior to forming Prager Creative, Ben worked with design studios, branding firms and advertising agencies to push great strategy and design for all his projects. His experience with all aspects … Web: www.pragercreative.com/creditunions Details
Categories: Letters to the Editor, OpinionI read with interest the Jan. 23 article about new accountability rules for New York’s schools. Having taught for over 30 years in this state, I’m used to seeing regulations come and go. Some ideas have clear and appropriate goals. Others seem to have been created on the fly.Particularly difficult for me to swallow in the new batch of rules is the directive about districts being held accountable for student participation in state tests. This strikes me as lacking any clear thought and being another case of the state passing the buck to districts, as it so often does.The opt-out movement is an example of democracy at its best. An important constituency (parents) realized that something was wrong and took action.There’s a complete lack of logic in holding districts accountable for increasing participation rates. How on Earth can they be expected to do this when there is a concerted effort to the contrary by parents? The state obviously has no answer, so it just kicked the can. Why would the state try to quash a well-organized and thoughtful act of resistance? We try to teach students to be active participants in our democracy. When we try to suppress actions, we are sending a contradictory message.The state Department of Education would do well to include all stakeholders in a comprehensive and inclusive discussion of what is really wrong with testing in the state. Forcing districts to be bullies is not the answer.Martha MeskutoveczGlenvilleMore from The Daily Gazette:EDITORIAL: Find a way to get family members into nursing homesFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Beware of voter intimidationEDITORIAL: Thruway tax unfair to working motorists
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