Rep Frank to Update Plans for FOMC Overhaul

first_img September 13, 2011 434 Views Rep. Frank to Update Plans for FOMC Overhaul Agents & Brokers Attorneys & Title Companies Federal Reserve Investors Lenders & Servicers Processing Service Providers 2011-09-13 Abby Gregory in Data, Government, Origination, Secondary Market, Servicing, Technologycenter_img Rep. Barney Frank (D-Mass.) is speaking out again on new legislation that would block regional presidents within the “”Federal Reserve””:http://www.federalreserve.gov/ system from voting participation in the “”Federal Open Market Committee””:http://www.federalreserve.gov/monetarypolicy/fomc.htm. Rep. Frank, author of the proposed bill, is seeking to replace five seats on the committee – those traditionally reserved for the presidents of regional Fed banks – with four hand-selected individuals, chosen by the president and confirmed by the Senate.[IMAGE]Made up of 12 voting positions, the FOMC’s body is typically comprised of seven members of the Federal Reserve governors, each of whom must gain Senate approval, and the regional presidents. Rep. Frank’s opposition to the current complexion of the FOMC stems from the fact that statistics from 2009 demonstrate that the five regional members accounted for more than 90 percent of all dissenting votes throughout FOMC sessions. More specifically, the regional presidents totaled 97 percent of all “”hawkish”” dissents, directed at policies regarding inflation protection.The ranking member of the House Financial Services Committee struck out against the regional presidents recently, [COLUMN_BREAK]calling them “”representatives of private interests,”” and stating that their behavior wasn’t a positive factor in “”this extremely important issue of public policy.”” However, the initiative proposed by Rep. Frank is under extreme criticism from Republicans in the Senate, most of whom are against all current candidates suggested for replacement membership in the FOMC. Members nominated for appointment to the FOMC have included noted professionals such as Peter Diamond, Nobel Prize winner and MIT economist, who withdrew his candidacy following repeated refusals from Republicans. The Senators who blocked Diamond’s nomination cited improper qualifications as the reason behind their opposition.Within the FOMC, there is much division over current issues, and the committee’s June meeting resulted in the highest number of dissenting votes in more than two decades, for a total of three; the regional presidents were responsible for each of the dissents and the members in question claimed an inappropriate timeline was to blame. Major economic issues on the table for the FOMC now include the reduced interest rate initiative, slated for a two-year continuance, and the nation’s larger economic recovery plan.Rep. Frank’s original version of the bill simply eliminated the five seats held by regional presidents, in favor of a smaller body, but it was quickly dismissed by many on Capitol Hill, fearing the lack of diversity within the FOMC. Rep. Frank is also said to be working on an updated version of the legislation for consideration; the fresh bill would allegedly call for the four seats in question to be nominated by the president, but would mandate that the four members come from outside of Washington, D.C. At present the FOMC has two vacancies, neither of which has been filled due to the on going tension with Senate Republicans. The next scheduled meeting for the FOMC is set for Sept. 20 and 21. Sharelast_img read more

Derrick Hall satisfied with Dbacks buying and se

first_img Derrick Hall satisfied with D-backs’ buying and selling Grace expects Greinke trade to have emotional impact Former Cardinals kicker Phil Dawson retires The defense led the Cardinals’ charge, highlighted by an interception-returned-for-touchdown by linebacker Karlos Dansby. Safety Rashad Johnson also added a pick off Rams quarterback Kellen Clemens.It wasn’t all good news, however, as breakout rookie safety Tyrann Mathieu injured both his ACL and LCL in his left knee. The injury ends Mathieu’s season, and a return date has yet to be determined.Arizona stayed in the playoff hunt with the victory, though the road remains tough. The Cardinals trail San Francisco and Carolina for the wild card spots by one game with three to play. While the Cardinals hold a tiebreaker over Carolina, the 49ers would advance if the two teams finished with the same record at the end of the season.The Cardinals can get another crucial win this weekend when they travel to Tennessee to face the 5-8 Titans. After a promising start to the season, the Titans lost starting quarterback Jack Locker for the season to a Lisfranc injury and backup Ryan Fitzpatrick has struggled in his place.Tennessee is reeling having lost two straight, including a 51-28 blowout to the Denver Broncos Sunday, and is clinging to very faint AFC playoff hopes.This week we’ll check in on what’s going on Behind Enemy Lines in Nashville leading up to the game. Top Stories center_img The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Comments   Share   The Arizona Cardinals are back in the win column. After a disheartening loss in Philadelphia, the Cardinals responded with a complete dismantling of the St. Louis Rams, earning a 30-10 win in Glendale.Quarterback Carson Palmer had one of his best outings of the season, completing his first 11 passes and finishing 27-of-32 for 269 yards and a touchdown.The win was the team’s first over an NFC West opponent since Week 1 in 2012 when Arizona beat Seattle 20-16.last_img read more

Canal has expanded its service for subSaharan Af

first_imgCanal+ has expanded its service for sub-Saharan Africa with the creation of three new dedicated channels and the addition of 22 other services to its offering, now marketed under the Bouquets Canal+ brand. The new channels are Edan, described as a “cosmopolitan and urban” entertainment channel, Gulli Africa, said by the broadcaster to be the first youth channel to be tailored for African audiences, and telenovelas channel Novelas TV.Other channels new to the platform include AB Group’s Science et Vie TV, which will be launched in Africa ahead of France, Histoire, Ushuaia TV and France 3. Canal+ said it now offered close to 200 channels in Africa.Canal+ is also providing access to multiscreen service MyCANAL, which allows users to access the Canal+ premium channels and up to 11 Bouquests Canal+ channels, along with video-on-demand, on computers, tablets and smartphones. According to the broadcaster, this is the first such service launched in Africa.The latest expansion of Canal+’s African service follows the launch of A+, its first dedicated African channel, last year.David Mignot, the Africa chief executive at Canal+ Overseas, earlier told French financial daily Les Echos that the broadcaster could reach up to five million homes over the next few years. Canal+ has doubled its African subscriber base from 700,000 to 1.5 million over the last couple of years.last_img read more

Modern Times Group has secured the exclusive right

first_imgModern Times Group has secured the exclusive rights to the World Boxing Super Series across the Nordic and Baltic regions.MTG’s TV channels and streaming service Viaplay will be the exclusive home of the World Boxing Super Series in the Nordic and Baltic regions from September 9, when thei will air the bout between WBO cruiserweight champion Oleksandr Usyk and Marco Huck in Berlin.Peter NørrelundThe series encompasses competitions for seven world title belts and US$50 million in prize money, and rings together 16 elite boxers in the cruiserweight and super middleweight weight classes. Among those competing for the Muhammad Ali Trophy are local stars Erik Skoglund from Sweden and Mairis Briedis from Latvia.“This tournament is what boxing fans everywhere have been dreaming about – an elimination format with the best fighting the best for a prize named after the greatest fighter of all time,” said Peter Nørrelund, MTG EVP and CEO of MTG Sport.“Nine of the boxers taking part have never lost a fight, and the combined record for all 16 participants is an astonishing 423 wins and 294 KOs. Get ready to rumble as we bring fantastic live fight action to our platforms across the Nordic and Baltic regions – the recent Mayweather vs McGregor fight was MTG’s most successful ever, so we’re even more excited about what’s to come.”last_img read more

Until this week sex between unmarried people in U

first_imgUntil this week, sex between unmarried people in Utah was technically illegal, a vestige of earlier times. That changed Wednesday, when Gov. Gary Herbert signed a bill that decriminalizes sex outside of marriage in the state, spokesperson Anna Lehnardt tells NPR.Utah’s 1973 fornication law designated sex outside of marriage as a class B misdemeanor. The act carried a possible penalty of up to six months in jail or a maximum fine of $1,000. Utah was among only a few states that retained these laws. State Senate Minority Leader Karen Mayne sponsored the bill and tells NPR that it was just a small piece in Utah’s criminal code that needed to be revamped. “You hear all over the U.S. how you have antiquated laws about horses in the streets and all kinds of things, so we wanted to make them modern-day, in the now,” Mayne says.The measure also modifies criminal offenses. State Rep. Paul Ray called the 1973 fornication law unenforceable, according to The Associated Press. But some lawmakers did not want it repealed on moral grounds. “Personally I don’t know if anyone ever worried about this,” Emily Anderson, a senior at the University of Utah and the editor-in-chief of its newspaper, The Daily Utah Chronicle, tells NPR. The fornication law was really just something that people joked about in class and on Twitter, she says. “Basically just like, ‘Oh thank God, I can do this thing I’ve always been doing.’ “The law had not been prosecuted for years, according to a Utah website covering policy. In a 1991 Deseret News report, an unmarried woman was quoted as saying she had “real concrete fear of criminal prosecution” for breaking the fornication law. “I am aware that last year another person in Salt Lake County was criminally prosecuted for such conduct,” she said in a lawsuit filed that year. Copyright 2019 NPR. To see more, visit https://www.npr.org.last_img read more

More than half of people 58 per cent who receive

first_imgMore than half of people (58 per cent) who receive care and support services in England have seen their quality of life fall in the last year, according to a new survey by a disabled-led expert group.A similar survey carried out last year found 45 per cent said their quality of life had fallen over the previous year.The survey has been carried out by the Independent Living Strategy Group (ILSG) – chaired by the disabled crossbench peer Baroness [Jane] Campbell – and published by the charity in Control, and focuses on the impact of cuts to social care on people’s independence and basic human rights.Baroness Campbell (pictured) said the survey proves that increased social care funding is needed to prevent disabled people from an “extreme risk” of harm and help develop a “radically” new system that “positively” supports independence and well-being.The survey has been published in the run-up to the chancellor’s autumn statement later this month.A quarter of those questioned said they had been told by their local authority in the last 12 months that their support packages would be reduced because of cuts or savings*.Baroness Campbell told Disability News Service (DNS): “If we don’t properly invest in our care and support system now, deeper cuts to people’s individual support are inevitable year-on-year, as the population increases.“This lack of investment is already having expensive financial and moral consequences, as our 2016 survey reveals.”Meanwhile, the Health Foundation, The King’s Fund and the Nuffield Trust concluded in a new report this week that cuts and rising demand will leave adult social care facing a £1.9 billion funding gap next year.And the Local Local Government Ombudsman said in its annual report into adult social care complaints that it had seen a 25 per cent rise in complaints about home care – 65 per cent of which were upheld – as well as a six per cent increase in complaints and enquiries about all areas of adult social care (to 2,969).Baroness Campbell says in the ILSG report that the survey aimed to discover whether the Care Act 2014 – potentially the “most exciting, creative and positive move forward in the history of local authority care and support services” – was “working in practice”.But the group warned that these duties had been imposed on local authorities at a time of “unprecedented cuts to their funding”, with adult social care departments forced into budget savings of 26 per cent over four years, the equivalent of £3.53 billion.A third of respondents (33 per cent) said that their level of choice and control over their support had fallen in the previous year, compared with just under 30 per cent in last year’s survey.And almost two out of five respondents (38 per cent) said they were having to rely more on family and friends for support, while more than a quarter (27 per cent) said they were having to pay more towards the cost of their support.Of the 95 people responding to the survey who previously received money from the Independent Living Fund (ILF), more than two-fifths (41 per cent) said the amount of support they received had fallen since ILF’s closure in June 2015, while nearly a third (32 per cent) said the quality of their day-to-day support had worsened since it closed.Baroness Campbell told DNS: “Our strategy group believes that extra funding is not simply required to prevent older and disabled people from extreme risk, but urgently needed to develop a radically new system which positively supports people’s independence and well-being.“After all, this was supposed to be the central aim of the government’s Care Act, which has yet to deliver.”She said the survey showed that councils were now placing “severe restrictions” on how people can use personal budgets or direct payments.She said: “This is counter to the Care Act’s aim, which is to empower local authorities to give more choice and control over how support is delivered.“They said they have no choice due to the funding shortage.“Shockingly, half of respondents reported that support now is only available for very basic personal care – an indication that people who need support are often condemned to a very limited existence.”The report was released just four days before the UN’s committee on the rights of persons with disabilities published a report that concluded that the UK government had committed “grave or systematic violations” of disabled people’s rights, including actions that “have hindered various aspects of their right to live independently and be included in the community” under article 19 of the UN Convention on the Rights of Persons with Disabilities.Baroness Campbell said the survey demonstrated why the government had been found to be “failing miserably” in its responsibilities under article 19 of the convention.About half of ILSG are disabled people, and many represent disabled people’s organisations or user-led grassroots groups, including the Spartacus network, Shaping Our Lives, Inclusion London, Hammersmith and Fulham Coalition Against Cuts, Greater Manchester Coalition of Disabled People and Disability Rights UK.The survey was based on responses from 485 people who have support in England, including people who fund their own care, with the vast majority of the responses coming from service-users under the age of 65.*91 of the 363 survey respondents who answered this question said they had been told their support (or the money available for their support) would be reduced because of cuts or savingslast_img read more

Snapchat Now Lets You Spy on Friends Locations

first_img June 22, 2017 2 min read This story originally appeared on PCMag Snapchat Next Article The new Snap Map has a ‘ghost mode’ that lets you browse a map of your friends’ locations without sharing your own. Fireside Chat | July 25: Three Surprising Ways to Build Your Brand –shares Snapchat Now Lets You Spy on Friends’ Locationscenter_img Bored Snapchat users looking for something to do should update their apps today: they’ll be greeted with a new map view that shows where exactly their friends are and what they’re up to.Snap Map, as the company is calling it, can be activated by pinching your fingers together on the camera view when you first start the app. Once in map view, you’ll see “Actionmoji” versions of your nearby friends, which include their names and profile photos in a configuration that vaguely resembles the tags you might find on plants for sale at the nursery.When you tap on one of your friends’ icons, you’ll see stories they’ve posted recently, which might get you in the mood to go join in the fun they’re having. You’ll only see your friends on the map if they’ve recently opened their Snapchat map and have shared their location with you. Conversely, you can decide who can see your location on their maps, choosing from all your friends or a customized list. You can also browse the map in “Ghost Mode” without broadcasting your location to anyone.What if none of your friends are around or they haven’t posted anything interesting recently? Not to worry: the map view will also show a heat map based on the activity of other Snapchat users. For example, a map of San Francisco shows hot spots at Fisherman’s wharf and along Market Street. You can also zoom out to view events that Snapchat selects from around the country or the world, such a baseball game or current events like Tuesday’s special election in Georgia.The Snap Map is Snapchat’s take on the location-based social media genre, which already includes startups like Zenly that are designed to let you keep track of nearby friends. And given Instagram’s propensity to successfully duplicate Snapchat features, it also wouldn’t be surprising if Instagram copies the map idea in the near future. Tom Brant Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Add to Queue News reporter Enroll Now for $5 Image credit: Snapchat via PC Maglast_img read more

Ricky Williams Has The Last Laugh

first_img Subscribe Now Ricky Williams Has The Last Laugh Once the poster child of a stoner athlete, the ex-NFL running back is is making great strides with his cannabis company. Easy Search. Quality Finds. Your partner and digital portal for the cannabis community. Former NFL running back Ricky Williams remembers when his use of marijuana made him an outcast among both his peers and potential business associates.Williams said that people didn’t want to associate with him because of his use of cannabis. “My past kept haunting me,” Williams told the Roll Up Podcast.That’s all changed for the Pro Bowl running back. Now, he’s become an entrepreneur in cannabis with his line of products called Real Wellness by Ricky Williams. According to his website, he is offering “an herbal approach to everyday wellness.”That may sound like the tagline of any number of marijuana brands. But Williams can claim he was far out in front — and in a very public way — on the issue of marijuana and the potential health benefits.Related: 5 Surprising Truths About Canadian Legalization“Most Infamous Stoner Athlete”In a way, Williams’ experience with marijuana personifies the changing attitudes on cannabis. A decade ago, while a star in the NFL, he became the target of both jokes and the NFL’s substance abuse policy for talking openly about using marijuana.That was an unusual stance from such a big star. And at the time, he was one of the biggest. Between 1999 and 2011, playing mostly with the New Orleans Saints and Miami Dolphins, Williams rushed for more than 10,000 yards, including five 1,000-yard seasons.He also was public about his use of marijuana, becoming “America’s most infamous stoner athlete,” according to Sports Illustrated. He failed four drug tests, all for cannabis use, he told the magazine. In 2004, he decided to retire early and spent the year studying holistic medicine at the California College of Ayurveda.He returned to the Dolphins in 2005. However, in 2006, he missed an entire season for violating the NFL’s substance abuse policy.He told Sports Illustrated that those years in the middle of his career cost him about $5 million to $10 million in salary and endorsements. He’s hoping to make that back, and then some.Related: New California Law Makes it Easier to Erase Old Marijuana ConvictionsEarly AdooterWilliams launched Real Wellness earlier this year in California (a native of San Diego, he now lives in Venice Beach). Both medical and recreational marijuana is now legal in the Golden State.  But long before marijuana was the “in” thing, Williams believed in the medicinal value of marijuana. Since leaving the NFL, he ‘s spent his time studying the potential of marijuana for pain management and other conditions.Williams told the Fort Lauderdale Sun-Sentinel: “I am known as a professional football player. In the last 14 years, I have been educating myself and training as a healthcare practitioner.”His products include salves, tonics and vape cartridges, which he says are a “modern reintroduction to the healing power of ancient herbs.” The products contain either CBD or THC, or sometimes both.Williams believes there is a huge and growing market for his product. He saw a microcosm of that market in the NFL. Williams said more than half of the players he played within the NFL used marijuana, including quarterbacks and coaches, according to Sports Illustrated.Follow dispensaries.com on Instagram to stay up to date on the latest cannabis news. Next Article Guest Writer Opinions expressed by Entrepreneur contributors are their own. October 25, 2018 3 min read –shares Add to Queue dispensaries.com Get 1 Year of Green Entrepreneur for $19.99 Green Entrepreneur provides how-to guides, ideas and expert insights for entrepreneurs looking to start and grow a cannabis business. Image credit: My Mystic Journey LA via Twitter Ganjapreneurlast_img read more

Elon Musk Asks Judge to Toss Pedo Guy Defamation Lawsuit

first_img Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Elon Musk is hoping to end the U.S. lawsuit over his “pedo guy” statements against British cave diver Vernon Unsworth before it gets started. His attorneys have filed a motion to dismiss the case on the grounds that his insults weren’t serious and thus were protected free speech in the U.S. This was just a “schoolyard spat,” Musk’s attorneys said. They contended that Twitter was a place where you could “expect to read opinions, not facts,” and thus that no one could realistically assume Musk was telling the truth.Unsworth’s attorney rejected the claims in a statement to The Guardian. The argument would “effectively doom all lawsuits” over defamation, and that Musk’s dismissal points were “novel but inaccurate.”Related: What’s Happening on The Entrepreneur Index Right NowIt’s not clear how the judge will respond to the dismissal request, although it might not work in Musk’s favor. While he did apologize for his initial “pedo guy” remark in July, he undercut that in August when he told BuzzFeed News reporter that Unsworth was a “child rapist.” For that matter, Musk ran into trouble with the SEC precisely because he used Twitter to make a serious claim about taking Tesla private. Don’t be surprised if the case moves forward to its initial hearing on April 1st. The Tesla executive says it was just a ‘schoolyard spat.’ Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Next Article Jon Fingas Elon Musk Add to Queue December 28, 2018 This story originally appeared on Engadget Image credit: Robyn Beck | Pool via Engadget Elon Musk Asks Judge to Toss ‘Pedo Guy’ Defamation Lawsuit Enroll Now for $5 –shares 2 min readlast_img read more

Mt Gox Files for Bankruptcy Faults Hackers and Flawed System for Collapse

first_img Free Webinar | July 31: Secrets to Running a Successful Family Business Add to Queue Internet pioneer Marc Andreessen said that Mt. Gox “had to die,” and it officially just did.After a rocky few weeks practically sputtering on life support, the troubled Bitcoin trading exchange, once most robust in the world, filed for bankruptcy protection in Tokyo District Court today.CEO Mark Karpeles blamed hackers for his company’s demise, saying they exploited a “weakness” in Mt. Gox’s computer system that enabled them to pilfer almost half a billion U.S. dollars worth of the digital currency. Karpeles, like Andreessen and scores of fellow Bitcoin defenders, says he still expects the controversial unregulated virtual currency to grow and thrive, even as his exchange pulls the plug on itself.  Related: Bitcoin Exchange Mt. Gox Apologizes About Crippling Hack, Says Withdrawals to Resume Soon”First of all, I’m very sorry,” he said. “The bitcoin industry is healthy and it is growing. It will continue, and reducing the impact is the most important point.”Mt. Gox, which claimed for a time that it oversaw approximately 80 percent of all dollar-for-Bitcoin trades across the globe, said it discovered on Feb. 24 that 750,000 of its customers’ bitcoins were missing, along with 100,000 of its own. That adds up to about $480 million total, approximately 7 percent of the estimated total of bitcoins in existence.The company halted customer withdrawals on Feb. 7 and later wiped out the contents of its website and Twitter feed, sparking accusations of insolvency and rocking the Bitcoin trading community worldwide.Related: Bitcoin Advocate Andreessen: ‘Mt. Gox Had to Die’The widely expected bankruptcy filing comes only one day after Japan’s highest government spokesperson announced that Japanese authorities, along with the country’s Ministry of Finance, are actively investigating angry investor claims that Mt. Gox lost their Bitcoin. Federal prosecutors in New York subpoenaed the trading platform this earlier this month.Meanwhile, as of 9:56 a.m. ET, Bitcoin prices hit $561.24, according to the CoinDesk Bitcoin Price Index. The price dipped below $500 last Monday, its weakest price since November, when it rallied at about $1,200. 2 min read Bitcoin Kim Lachance Shandrow Former West Coast Editor Register Now » February 28, 2014 Next Article Mt. Gox Files for Bankruptcy, Faults Hackers and Flawed System for Collapse Learn how to successfully navigate family business dynamics and build businesses that excel. –shareslast_img read more

Persistent Systems Joins Siemens MindSphere Partner Program to Bring Industrial IoT Solutions

first_imgPersistent Systems, a leading developer of software products and solutions across a variety of markets including Industrial and Manufacturing, announced it has joined Siemens’ MindSphere Partner Program to deliver its Industrial IoT solutions to market. MindSphere is the cloud-based, open IoT operating system from Siemens that connects products, plants, systems, and machines, enabling businesses to harness the wealth of data generated by the Internet of Things (IoT) with advanced analytics.Persistent is delivering MindSphere solutions for Smart Energy Management, Overall Equipment Effectiveness (OEE) and other related offerings to manufacturing clients in APAC and North America. In addition to offering clients a fast track to remote connectivity and management for machines and programmable logic controller (PLC) assets through its MindSphere “Connect & Monitor” integration services, Persistent offers custom analytics that leverage MindSphere Analytics and Machine Learning service APIs.Marketing Technology News: DirectLync Shakes Up Small Business Marketing with New Digital Marketing PlatformSanjeev Srivastav, General Manager – Industrial & IoT Practice, Persistent Systems“Aside from the benefit of working with a partner like Siemens with a huge installed base of industrial automation controllers, MindSphere can help reduce the amount of time it takes for us to develop applications for our clients, while retaining the option to develop related services on the cloud services from AWS and Microsoft Azure, where Mindsphere is available.”Marketing Technology News: Video Conferencing Equipment Supplier, IVCi, Lists and Explains How Small Businesses Can Benefit from Video ConferencingFlorian Beil, Head of Sales for MindSphere at Siemens PLM Software“Persistent Systems has deep domain expertise in IoT, Analytics and AI/ML and is well situated to deliver MindSphere solutions to firms with complex industrial operations in Discrete and Process Manufacturing sectors. We look forward to collaborating with Persistent Systems to help our joint customers achieve their goals.”Marketing Technology News: Video Conferencing Equipment Supplier, IVCi, Lists and Explains How Small Businesses Can Benefit from Video Conferencing Persistent Systems Joins Siemens’ MindSphere Partner Program to Bring Industrial IoT Solutions to Market PRNewswireMay 6, 2019, 8:02 pmMay 6, 2019 Industrial and ManufacturingInternet of ThingsMarketing Technology NewsMindSphereNewsPersistent SystemsSanjeev Srivastav Previous ArticleMadison Logic Unveils New Data Cloud to Accelerate ABM for B2B Organizations GloballyNext ArticleAmazon or Alibaba: Freedonia Compares These Global E-Commerce Leaderslast_img read more

Novel tools bridge the information gap between citizens and electricity grid operators

first_img Explore further The future of renewable infrastructure is uncertain without good planning Why do people oppose these projects? One of the reasons is that stakeholders—local, regional and national governments, industry, environmental organizations and local residents—often feel their views and concerns aren’t being considered. To address the problem, the EU-funded project INSPIRE-GRID created several tools that allow all voices to be heard in the grid expansion planning and approval process. The project’s solution for increased stakeholder engagement has the potential to enable better conflict management and an expedited permit process.Tools for information and collaborationThe project team’s challenge was to help citizens provide informed opinions on complex matters by finding ways to bridge the information gap between power grid experts and the general public. Their solution to this challenge was to combine methods that facilitate decision-making with state-of-the-art tools that facilitate collaboration between all stakeholders.One of these tools, the geographic information system (GIS) web interface, makes it possible for local residents to visualize a power line’s possible routes and submit their views on them. A GIS was used in the planning of Swiss transmission line paths and of a power line transmitting wind-generated energy from the north to the south of Germany.Other INSPIRE-GRID tools deal with the difficulty of communicating a project’s expected benefits, which may not always be easily visible at local level. The project’s life-cycle assessment tool helps stakeholders to see the environmental impacts of future power lines. It also explains the reasons why a grid extension may be needed, for example to link renewable energy to the system or to reduce power interruptions and blackouts. Since the project’s end in 2017, such tools have already been used in a real-world environment.An INSPIRE-GRID (Improved and eNhanced Stakeholders Participation In Reinforcement of Electricity Grid) poster published on the ResearchGate website provides some promising conclusions about stakeholder engagement in future grid expansion projects. They state that “[e]arly, fair and trustworthy involvement of stakeholders can increase acceptance” of new grid projects. They also mention “careful selection of stakeholder engagement methods” and the use of “participatory decision-making methods to generate more inclusive decisions” as important factors to be considered. One thing is for sure, using these methods can only be a positive stepping stone to a more energy-efficient and low-carbon economy. Citation: Novel tools bridge the information gap between citizens and electricity grid operators (2019, June 6) retrieved 17 July 2019 from https://phys.org/news/2019-06-tools-bridge-gap-citizens-electricity.html It’s generally agreed that a low-carbon economy is important if we’re to combat climate change. One obvious way to do this is to modernize our current power transmission grids so that we can make electricity more secure, affordable and sustainable. However, while this may seem straightforward in theory, in reality things aren’t always so simple. New grid projects often face strong opposition by the organizations and communities they affect. When such opposition is added to the lengthy process of obtaining the necessary permits that can last up to 10 years, many of these projects are delayed or even canceled. More information: INSPIRE-GRID project website: www.inspire-grid.eu/Stakeholder participation in the development of the electricity grid: the INSPIRE-Grid project: www.researchgate.net/publicati … INSPIRE-Grid_project Credit: CC0 Public Domain Provided by CORDIS This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more