FROM: FEDERAL TRADE COMMISSION
If You're Helping Colorado Flood Victims, Make Sure Your Donations Count
In the wake of the flooding in Colorado, the Federal Trade Commission, the nation’s consumer protection agency, urges people to be wary of charity scams.
If you’re looking for a way to give, do some research to ensure that your donation will go to a reputable organization. Urgent appeals that you get in person, by phone or mail, by e-mail, on websites, or on social networking sites may not be on the up-and-up. Unfortunately, legitimate charities face competition from fraudsters who either solicit for bogus charities or aren't entirely honest about how a so-called charity will use your contribution.
If you’re asked to make a charitable donation to support victims of the flooding in Colorado, consider these tips:
Donate to charities you know and trust. Be alert for charities that seem to have sprung up overnight in connection with current events.
Ask if a caller is a paid fundraiser, who they work for, and what percentage of your donation goes to the charity and to the fundraiser. If you don’t get a clear answer – or if you don’t like the answer – consider donating to a different organization.
Don’t give out personal or financial information – including your credit card or bank account number – a unless you know the charity is reputable.
Never send cash: you can’t be sure the organization will receive your donation, and you won’t have a record for tax purposes.
Check out the charity with the Better Business Bureau's (BBB) Wise Giving Alliance, Charity Navigator, Charity Watch, or GuideStar.
Find out if the charity or fundraiser must be registered in your state by contacting the National Association of State Charity Officials.
The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them. To file a complaint in English or Spanish, visit the FTC’s online Complaint Assistant or call 1-877-FTC-HELP (1-877-382-4357). The FTC enters complaints into Consumer Sentinel, a secure, online database available to more than 2,000 civil and criminal law enforcement agencies in the U.S. and abroad. The FTC’s website provides free information on a variety of consumer topics. Like the FTC on Facebook, follow us on Twitter, and subscribe to press releases for the latest FTC news and resources.
Sunday, September 22, 2013
Saturday, September 21, 2013
DOD OFFICIAL SITES LESSONS LEARNED FROM FORT HOOD SHOOTINGS
FROM: U.S. DEPARTMENT OF DEFENSE
Officials: Fort Hood Lessons May Have Saved Lives at Navy Yard
By Cheryl Pellerin
American Forces Press Service
WASHINGTON, Sept. 20, 2013 - Of 89 recommendations that came from two reviews of the 2009 shooting that killed 13 people at Fort Hood in Texas, 52 are fully implemented, and some may have helped to save lives during the Navy Yard shooting here Sept. 16, senior defense officials said.
The officials, who briefed reporters here this week, were unable to discuss the ongoing investigation involving a civilian contractor, 34-year-old Aaron Alexis, who killed 12 people and wounded several others at the Naval Sea Systems Command headquarters building before being killed by police.
But they did discuss results of the Defense Department's 2010 independent review of events at Fort Hood and final recommendations from that review, and of a 2012 Defense Science Board review sought by DOD to look deeper into the motivations of Fort Hood shooter Nidal Hasan, a U.S. Army major and psychiatrist, and other potential violent actors.
"In the area of response, there are a few very specific things that I believe helped save lives as a result and led to a faster response time [and] greater cooperation between local law enforcement with the FBI and in terms of warning people ... on the Navy Yard at the time," a senior defense official said.
Specifically, he added, as a result of one of the DOD recommendations, the department is using a North American telephone network feature called enhanced 911, or E-911, to push out alert notices during emergencies on DOD installations.
Because of some of the recommendations, the official said, guards have received training for scenarios in which they must respond to emergencies involving an active shooter or shooters, and there are new information-sharing agreements between the FBI and local law enforcement agencies that allow military-civilian collaboration.
"There are two examples of how we've increased information sharing," the official said. First, "the Department of Defense and the FBI signed a memorandum of understanding by which if either organization has information about a threat to or from DOD personnel, we are obligated to share with each other."
The senior defense official said that's important because DOD persons and installations are a prime target of what's called homegrown violent extremism.
For those wanting to commit acts of violence, DOD people and facilities often are the target, he added, "so it matters to us when FBI has an operational case that they share information about threats that might be around a particular location or base."
Second, he said, the Defense Department now has people working in a significant number of FBI-led joint terrorism task forces, giving DOD personnel insight into and awareness of FBI cases and how they may be relevant to DOD safety and security.
"I think we're in a significantly better place," the official said. "Obviously we're not there fully, based on Monday's events, but there has been a lot of progress."
After the Fort Hood incident, he added, then-Defense Secretary Robert M. Gates established an independent review of events that produced an August 2010 report and 79 recommendations to improve the ability to identify patterns that might lead to violence and to safety and security on installations.
One of the recommendations was to ask the Defense Science Board to look for useful indicators of warning in individuals who might be prone to acts of violence, the official said, adding that the board's task force provided 10 recommendations of its own, for a total of 89 recommendations from reviews of the Fort Hood incident.
About 52 of the recommendations have been adopted and fully implemented, he said, and the vast majority of the remaining recommendations have been agreed to. Most are in various stages of implementation, he added.
The defense official said that some of the remaining tasks have to do with a Defense Science Board recommendation that the defense secretary direct a departmentwide requirement for the military departments and DOD agencies to establish a multidisciplinary threat management unit that identifies, assesses and responds to or manages threats of targeted violence.
"The kinds of things we're wrestling with right now [are], 'How tailored do they have to be? Should there be one unique to the Navy, one to the Army, one to the Marines, one to the Air Force? Do you have something at headquarters?" he said.
And DOD officials are still working through some of the privacy issues involved in sharing information, he said.
"When an individual is assigned to one base and events and incidents that might happen at a base don't rise to the level of criminality -- because for criminal cases there's a pre-existing system by which that information is captured permanently -- and here someone could be going through a difficult period of life, and it could be a one-time incident," he explained.
"We're trying to make sure we have a system by which we are appropriately protecting [people] but providing information to the experts who need to know it," the official said.
Such details, he added, "are difficult and important things for our military families."
In March, the official said, Defense Secretary Chuck Hagel issued an instruction directing rapid completion of the remaining tasks. "So this is something that's been very much on his mind as well," he added.
This week, before a news conference with Pentagon reporters, Hagel and Army Gen. Martin E. Dempsey, chairman of the Joint Chiefs of Staff, expressed condolences to the families and coworkers of the 12 Navy employees gunned down at the Navy Yard.
Hagel said he's asked Deputy Defense Secretary Ash Carter to lead two departmentwide reviews. The first will examine physical security and access procedures at all DOD installations.
In the second, Carter will look at DOD practices and procedures for granting and renewing security clearances, including those held by contractors. He will coordinate with officials at the Office of the Director of National Intelligence and the Office of Management and Budget, Hagel said.
The secretary also has directed an independent panel to conduct its own assessment of security at DOD facilities and of the department's security clearance procedures and practices.
Officials: Fort Hood Lessons May Have Saved Lives at Navy Yard
By Cheryl Pellerin
American Forces Press Service
WASHINGTON, Sept. 20, 2013 - Of 89 recommendations that came from two reviews of the 2009 shooting that killed 13 people at Fort Hood in Texas, 52 are fully implemented, and some may have helped to save lives during the Navy Yard shooting here Sept. 16, senior defense officials said.
The officials, who briefed reporters here this week, were unable to discuss the ongoing investigation involving a civilian contractor, 34-year-old Aaron Alexis, who killed 12 people and wounded several others at the Naval Sea Systems Command headquarters building before being killed by police.
But they did discuss results of the Defense Department's 2010 independent review of events at Fort Hood and final recommendations from that review, and of a 2012 Defense Science Board review sought by DOD to look deeper into the motivations of Fort Hood shooter Nidal Hasan, a U.S. Army major and psychiatrist, and other potential violent actors.
"In the area of response, there are a few very specific things that I believe helped save lives as a result and led to a faster response time [and] greater cooperation between local law enforcement with the FBI and in terms of warning people ... on the Navy Yard at the time," a senior defense official said.
Specifically, he added, as a result of one of the DOD recommendations, the department is using a North American telephone network feature called enhanced 911, or E-911, to push out alert notices during emergencies on DOD installations.
Because of some of the recommendations, the official said, guards have received training for scenarios in which they must respond to emergencies involving an active shooter or shooters, and there are new information-sharing agreements between the FBI and local law enforcement agencies that allow military-civilian collaboration.
"There are two examples of how we've increased information sharing," the official said. First, "the Department of Defense and the FBI signed a memorandum of understanding by which if either organization has information about a threat to or from DOD personnel, we are obligated to share with each other."
The senior defense official said that's important because DOD persons and installations are a prime target of what's called homegrown violent extremism.
For those wanting to commit acts of violence, DOD people and facilities often are the target, he added, "so it matters to us when FBI has an operational case that they share information about threats that might be around a particular location or base."
Second, he said, the Defense Department now has people working in a significant number of FBI-led joint terrorism task forces, giving DOD personnel insight into and awareness of FBI cases and how they may be relevant to DOD safety and security.
"I think we're in a significantly better place," the official said. "Obviously we're not there fully, based on Monday's events, but there has been a lot of progress."
After the Fort Hood incident, he added, then-Defense Secretary Robert M. Gates established an independent review of events that produced an August 2010 report and 79 recommendations to improve the ability to identify patterns that might lead to violence and to safety and security on installations.
One of the recommendations was to ask the Defense Science Board to look for useful indicators of warning in individuals who might be prone to acts of violence, the official said, adding that the board's task force provided 10 recommendations of its own, for a total of 89 recommendations from reviews of the Fort Hood incident.
About 52 of the recommendations have been adopted and fully implemented, he said, and the vast majority of the remaining recommendations have been agreed to. Most are in various stages of implementation, he added.
The defense official said that some of the remaining tasks have to do with a Defense Science Board recommendation that the defense secretary direct a departmentwide requirement for the military departments and DOD agencies to establish a multidisciplinary threat management unit that identifies, assesses and responds to or manages threats of targeted violence.
"The kinds of things we're wrestling with right now [are], 'How tailored do they have to be? Should there be one unique to the Navy, one to the Army, one to the Marines, one to the Air Force? Do you have something at headquarters?" he said.
And DOD officials are still working through some of the privacy issues involved in sharing information, he said.
"When an individual is assigned to one base and events and incidents that might happen at a base don't rise to the level of criminality -- because for criminal cases there's a pre-existing system by which that information is captured permanently -- and here someone could be going through a difficult period of life, and it could be a one-time incident," he explained.
"We're trying to make sure we have a system by which we are appropriately protecting [people] but providing information to the experts who need to know it," the official said.
Such details, he added, "are difficult and important things for our military families."
In March, the official said, Defense Secretary Chuck Hagel issued an instruction directing rapid completion of the remaining tasks. "So this is something that's been very much on his mind as well," he added.
This week, before a news conference with Pentagon reporters, Hagel and Army Gen. Martin E. Dempsey, chairman of the Joint Chiefs of Staff, expressed condolences to the families and coworkers of the 12 Navy employees gunned down at the Navy Yard.
Hagel said he's asked Deputy Defense Secretary Ash Carter to lead two departmentwide reviews. The first will examine physical security and access procedures at all DOD installations.
In the second, Carter will look at DOD practices and procedures for granting and renewing security clearances, including those held by contractors. He will coordinate with officials at the Office of the Director of National Intelligence and the Office of Management and Budget, Hagel said.
The secretary also has directed an independent panel to conduct its own assessment of security at DOD facilities and of the department's security clearance procedures and practices.
SECRETARY OF STATE KERRY MAKES REMARKS WITH SOMALI PRESIDENT SHEIKH MOHAMUD
FROM: U.S. STATE DEPARTMENT
Remarks With Somali President Hassan Sheikh Mohamud Before Their Meeting
Remarks
John Kerry
Secretary of State
Washington, DC
September 20, 2013
SECRETARY KERRY: Good morning, everybody. It’s my privilege to welcome to Washington and to the State Department His Excellency, the President of Somalia Hassan Sheikh Mohamud. Actually, I’m welcoming him back to Washington, and we have met previously and I’m very pleased to be able to welcome him here.
The United States, obviously, has been engaged in helping Somalia fight back against tribal terror and the challenges to the cohesion of the state of Somalia. And the President and his allies have really done an amazing job of fighting back and building a state structure. There’s work yet to be done in Puntland and Somaliland, and we encourage you to continue the work of reaching out, of reconciliation and rebuilding the democracy, and I know he’s committed to that.
Also, I want to thank the President for his rapid support of the Joint Statement on Syria. We appreciate that kind of global recognition of what is at stake in Syria.
And finally, I’d just say that Somalia is working hard now to create its own ability to defend itself, to defend the state. We will continue to work. There is a United Nations mission there. We are committed to both – to the independent ability of the state of Somalia as well as the United Nations mission to help it in this transition. And we’re very happy to welcome the President here to talk today about issues of mutual interest.
Thank you, Mr. President.
PRESIDENT MOHAMUD: Thank you. Thank you, Secretary. And it’s – really, it was a pleasure and privilege to be here again this year in the State Department and the United States. And we – as the Secretary said rightly we’re working very hard together to establish the national institutions in all areas, particularly in security, where we are working very hard with the UNOSOM forces, and our national army is now taking shape and building up, of course, with the support of the United States Government that has always been with us. And this is a time we came here to share the ideas, the way forward we have, and particularly, the Vision 2016, where we want Somalia to go into the poll stations and make a voting for the first time in 40 years – more than 40 years, even.
And as you rightly said, we have been engaging with different stakeholders in Somalia. The federal government has the leadership, the parliament, all visiting different corners of Somalia to consult on this event. And the product of that consultation was the recent compact document signed in Brussels of the 16th of this month. I, myself, and the Prime Minister, the Speaker of the House, the parliamentarians, key ministers have been traveling all over Somalia. Although the situation in traveling locally is very difficult, but even then, you have to sit with the people, listen them, share with them the plans that we are intending, and asking them the type of Somalia they want to see in the future.
So based on that, we have signed agreements with Puntland State, and recently agreement with the Jubba regional administrations. And of course, we also did the same with Ahlu Sunna Wal Jama’a in the central region. So it takes some time. We have our own differences, but we are in a better shape than ever before now. We’re shaping for the first time a united and federal Somalia. The constitution is progressing and the federal system is working very hard. This federal government is working on all its capability to establish the federal unities in an orderly manner and with – in accordance and compliance with the federal constitution.
So there’s a huge progress that is going on in Somalia, and again, we are very much grateful with the support we received from the United States Government through bilateral and through multilateral. Thank you very much.
SECRETARY KERRY: Thank you, Mr. President.
PRESIDENT MOHAMUD: Thank you.
SECRETARY KERRY: Thank you, sir, very much. Please come. Thank you.
Remarks With Somali President Hassan Sheikh Mohamud Before Their Meeting
Remarks
John Kerry
Secretary of State
Washington, DC
September 20, 2013
SECRETARY KERRY: Good morning, everybody. It’s my privilege to welcome to Washington and to the State Department His Excellency, the President of Somalia Hassan Sheikh Mohamud. Actually, I’m welcoming him back to Washington, and we have met previously and I’m very pleased to be able to welcome him here.
The United States, obviously, has been engaged in helping Somalia fight back against tribal terror and the challenges to the cohesion of the state of Somalia. And the President and his allies have really done an amazing job of fighting back and building a state structure. There’s work yet to be done in Puntland and Somaliland, and we encourage you to continue the work of reaching out, of reconciliation and rebuilding the democracy, and I know he’s committed to that.
Also, I want to thank the President for his rapid support of the Joint Statement on Syria. We appreciate that kind of global recognition of what is at stake in Syria.
And finally, I’d just say that Somalia is working hard now to create its own ability to defend itself, to defend the state. We will continue to work. There is a United Nations mission there. We are committed to both – to the independent ability of the state of Somalia as well as the United Nations mission to help it in this transition. And we’re very happy to welcome the President here to talk today about issues of mutual interest.
Thank you, Mr. President.
PRESIDENT MOHAMUD: Thank you. Thank you, Secretary. And it’s – really, it was a pleasure and privilege to be here again this year in the State Department and the United States. And we – as the Secretary said rightly we’re working very hard together to establish the national institutions in all areas, particularly in security, where we are working very hard with the UNOSOM forces, and our national army is now taking shape and building up, of course, with the support of the United States Government that has always been with us. And this is a time we came here to share the ideas, the way forward we have, and particularly, the Vision 2016, where we want Somalia to go into the poll stations and make a voting for the first time in 40 years – more than 40 years, even.
And as you rightly said, we have been engaging with different stakeholders in Somalia. The federal government has the leadership, the parliament, all visiting different corners of Somalia to consult on this event. And the product of that consultation was the recent compact document signed in Brussels of the 16th of this month. I, myself, and the Prime Minister, the Speaker of the House, the parliamentarians, key ministers have been traveling all over Somalia. Although the situation in traveling locally is very difficult, but even then, you have to sit with the people, listen them, share with them the plans that we are intending, and asking them the type of Somalia they want to see in the future.
So based on that, we have signed agreements with Puntland State, and recently agreement with the Jubba regional administrations. And of course, we also did the same with Ahlu Sunna Wal Jama’a in the central region. So it takes some time. We have our own differences, but we are in a better shape than ever before now. We’re shaping for the first time a united and federal Somalia. The constitution is progressing and the federal system is working very hard. This federal government is working on all its capability to establish the federal unities in an orderly manner and with – in accordance and compliance with the federal constitution.
So there’s a huge progress that is going on in Somalia, and again, we are very much grateful with the support we received from the United States Government through bilateral and through multilateral. Thank you very much.
SECRETARY KERRY: Thank you, Mr. President.
PRESIDENT MOHAMUD: Thank you.
SECRETARY KERRY: Thank you, sir, very much. Please come. Thank you.
SEC STATEMENT ON ENFORCEMENT ACTION AGAINST JPMORGAN
FROM: U.S. SECURITIES AND EXCHANGE COMMISSION
Statement on SEC Enforcement Action Against JPMorgan
George Canellos
Co-Director of the SEC's Division of Enforcement
Sept. 19, 2013
Today we are announcing that JPMorgan Chase & Co. has agreed to admit wrongdoing and pay a $200 million penalty for its conduct in connection with the trading losses suffered by JPMorgan’s chief investment office (CIO) in 2012.
Last month, when we filed fraud charges against JPMorgan’s former traders, Javier Martin-Artajo and Julien Grout, we said these traders exploited massive shortcomings in JPMorgan’s internal controls infrastructure.
Today’s action makes clear that JPMorgan’s control breakdowns went far beyond the CIO trading book. In addition to failing to keep watch over how the traders valued a very complex portfolio, JPMorgan’s senior management broke a cardinal rule of corporate governance: inform your board of directors of matters that call into question the truth of what the company is disclosing to investors. Here, at the very moment JPMorgan’s management was grappling with how to fix its internal control breakdowns and disclose the full scope of its CIO trading disaster, the bank’s Audit Committee was in the dark about the extent of these problems.
By not sharing these troubling facts with its directors, JPMorgan deprived them of information they vitally needed to make proper judgments about how to address the company’s problems — including what information could be relied upon as accurate and what information needed to be disclosed to investors and regulators.
At its core, today’s case is about transparency and accountability, and JPMorgan’s admissions are a key component in that message. While not every case will be appropriate for admissions of wrongdoing, the SEC required JPMorgan to admit the facts in the SEC’s order – and acknowledge that it broke the law – because JPMorgan’s egregious breakdowns in controls and governance put its millions of shareholders at risk and resulted in inaccurate public filings.
The facts described in the SEC’s action called for a substantial penalty in addition to admissions of wrongdoing. The $200 million penalty against JPMorgan is unprecedented for an internal controls case and is one of the largest penalties in the history of the SEC. The penalty reflects the SEC’s assessment of the gravity of the control failures and the risks to which they exposed the firm and investors. The $200 million will be placed in a fund for compensation of investors harmed by JPMorgan’s inaccurate financial reports.
Although today’s settlement resolves claims against JPMorgan relating to this matter, our investigation is continuing as to individuals.
I would like to thank the U.S. Attorney’s Office for the Southern District of New York, the FBI, the Federal Reserve, and the Office of the Controller of the Currency for their assistance in this investigation.
I also thank the United Kingdom Financial Conduct Authority for its tremendous collaboration with the SEC in this matter. The securities markets are global, and many of the leading participants in those markets operate all over the world. Complex cases like this one — involving cross-border conduct in New York and London — cannot be effectively investigated and prosecuted without close cooperation of financial regulators in different countries. Such cooperation is vital not only in developing the evidence of wrongdoing but in determining the appropriate regulatory response, including assessment of sanctions that reflect JPMorgan’s violation of the distinct laws in both countries but avoid duplication of punishment for the same conduct.
Last, I want to recognize the hard work and dedication of the SEC staff from the New York Regional Office that conducted this investigation, and that continue to aggressively investigate the facts surrounding this case: Michael Osnato, Steven Rawlings, Daniel Michael, Peter Altenbach, Joshua Brodsky, and Joseph Boryshansky.
Just as last month’s trader mismarking case was the product of the SEC staff’s expertise and determination, the staff propelled today’s action forward by analyzing millions of documents, questioning dozens of witnesses, and ultimately discovering the facts that led to JPMorgan’s acknowledgement of wrongdoing. Using e-mail inboxes, calendars, and witness statements, the staff was able to reconstruct in vivid detail and as they unfolded the events in the first half of 2012, exposing both control weaknesses at CIO and the deficiencies in corporate governance at the highest level of the bank that JPMorgan has admitted in today’s action.
Statement on SEC Enforcement Action Against JPMorgan
George Canellos
Co-Director of the SEC's Division of Enforcement
Sept. 19, 2013
Today we are announcing that JPMorgan Chase & Co. has agreed to admit wrongdoing and pay a $200 million penalty for its conduct in connection with the trading losses suffered by JPMorgan’s chief investment office (CIO) in 2012.
Last month, when we filed fraud charges against JPMorgan’s former traders, Javier Martin-Artajo and Julien Grout, we said these traders exploited massive shortcomings in JPMorgan’s internal controls infrastructure.
Today’s action makes clear that JPMorgan’s control breakdowns went far beyond the CIO trading book. In addition to failing to keep watch over how the traders valued a very complex portfolio, JPMorgan’s senior management broke a cardinal rule of corporate governance: inform your board of directors of matters that call into question the truth of what the company is disclosing to investors. Here, at the very moment JPMorgan’s management was grappling with how to fix its internal control breakdowns and disclose the full scope of its CIO trading disaster, the bank’s Audit Committee was in the dark about the extent of these problems.
By not sharing these troubling facts with its directors, JPMorgan deprived them of information they vitally needed to make proper judgments about how to address the company’s problems — including what information could be relied upon as accurate and what information needed to be disclosed to investors and regulators.
At its core, today’s case is about transparency and accountability, and JPMorgan’s admissions are a key component in that message. While not every case will be appropriate for admissions of wrongdoing, the SEC required JPMorgan to admit the facts in the SEC’s order – and acknowledge that it broke the law – because JPMorgan’s egregious breakdowns in controls and governance put its millions of shareholders at risk and resulted in inaccurate public filings.
The facts described in the SEC’s action called for a substantial penalty in addition to admissions of wrongdoing. The $200 million penalty against JPMorgan is unprecedented for an internal controls case and is one of the largest penalties in the history of the SEC. The penalty reflects the SEC’s assessment of the gravity of the control failures and the risks to which they exposed the firm and investors. The $200 million will be placed in a fund for compensation of investors harmed by JPMorgan’s inaccurate financial reports.
Although today’s settlement resolves claims against JPMorgan relating to this matter, our investigation is continuing as to individuals.
I would like to thank the U.S. Attorney’s Office for the Southern District of New York, the FBI, the Federal Reserve, and the Office of the Controller of the Currency for their assistance in this investigation.
I also thank the United Kingdom Financial Conduct Authority for its tremendous collaboration with the SEC in this matter. The securities markets are global, and many of the leading participants in those markets operate all over the world. Complex cases like this one — involving cross-border conduct in New York and London — cannot be effectively investigated and prosecuted without close cooperation of financial regulators in different countries. Such cooperation is vital not only in developing the evidence of wrongdoing but in determining the appropriate regulatory response, including assessment of sanctions that reflect JPMorgan’s violation of the distinct laws in both countries but avoid duplication of punishment for the same conduct.
Last, I want to recognize the hard work and dedication of the SEC staff from the New York Regional Office that conducted this investigation, and that continue to aggressively investigate the facts surrounding this case: Michael Osnato, Steven Rawlings, Daniel Michael, Peter Altenbach, Joshua Brodsky, and Joseph Boryshansky.
Just as last month’s trader mismarking case was the product of the SEC staff’s expertise and determination, the staff propelled today’s action forward by analyzing millions of documents, questioning dozens of witnesses, and ultimately discovering the facts that led to JPMorgan’s acknowledgement of wrongdoing. Using e-mail inboxes, calendars, and witness statements, the staff was able to reconstruct in vivid detail and as they unfolded the events in the first half of 2012, exposing both control weaknesses at CIO and the deficiencies in corporate governance at the highest level of the bank that JPMorgan has admitted in today’s action.
$474.5 MILLION AVAILABLE IN GRANTS EXPANDING DEMAND-DRIVEN SKILLS TRAINING, PROMOTING EMPLOYER PARTNERSHIPS
FROM: U.S. DEPARTMENT OF LABOR
Obama administration announces $474.5 million in grants to expand demand-driven skills training and strengthen employer partnerships
Grants are third installment of nearly $2 billion community college initiative
WASHINGTON — Secretary of Labor Thomas E. Perez today announced $474.5 million in grants to community colleges and universities around the country for the development and expansion of innovative training programs in partnership with local employers. The grants are part of the Trade Adjustment Assistance Community College and Career Training grant program, a multiyear, nearly $2 billion initiative to expand targeted training programs for unemployed workers, especially those impacted by foreign trade.
The 57 grants announced today will support 190 projects in at least 183 schools in every state plus the District of Columbia and Puerto Rico. The grants will expand programs in growing industries, such as advanced manufacturing, transportation and health care, and encourage geographic and industry sector collaboration through the development of both statewide and multistate college consortia. The U.S. Department of Labor is implementing and administering the program in coordination with the U.S. Department of Education. All course materials developed using these public funds will be available through the Open Educational Resources initiative so that others can access and build on successful training models. The U.S. Department of Commerce is also encouraging employers to collaborate with local colleges eligible for funding through this program.
This latest round of funding is fostering deeper partnerships between community colleges, employers and other community partners. This year's grantees have more employer partners than in the past, and many of those employer partners will offer work-based learning opportunities. At least 10 of the individual grants will be focused on these work-based training opportunities and many consortia grants will incorporate similar strategies into their programs. Strong partnerships and work-based training will help ensure that curricula and training are aligned with the practical skills and competencies industries seek from workers.
Speaking in Colorado at Front Range Community College — the lead college in a $25 million grant to a consortium of nine schools across the state focused on developing a pipeline of skilled advanced manufacturing workers — Secretary Perez said: "These investments in demand-driven skills training bring together education, labor, business and community leaders to meet the real-world needs of the changing global marketplace. These partnerships strengthen not only the American workforce, but the American economy as well."
The initiative complements President Obama's broader goals of ensuring that every American has at least one year of postsecondary education, and that the U.S. has the highest proportion of college graduates in the world by 2020. The program is designed to have a lasting impact on higher education, emphasizing the use of evidence-based program design, collection of student outcome data and evaluation to add to the growing body of knowledge about which strategies best develop skills that lead to good jobs. This year's grants also build on the administration's goal of providing individuals with the information they need
to choose education and training programs that fits their needs. The 11 single-state consortia grantees will be required to use graduate employment and earnings data to improve their programming and to create employment results scorecards that will help prospective students make informed choices about training programs.
"Community colleges play a vital role in training Americans to meet the needs of employers today," said U.S. Secretary of Education Arne Duncan. "As our economy continues to rebuild, businesses are looking for employees with the skills their company needs to stay competitive, and America's students and adult workers want to be equipped to fill those roles. These grants help to meet those demands, providing critical investments in education and supporting key partnerships."
The grants include 20 awards to community college and university consortia totaling $377,452,319 and 23 awards to individual institutions totaling $61,943,218. Fourteen states and territories, which were not funded through the competitive award process, will develop a qualifying project and receive an approximately $2.5 million grant.
"For America's workforce to be competitive in the 21st century, our workers must possess the skills employers need for their businesses to succeed. That is why employers should partner with educational institutions and government to help develop curriculum and credentialing programs at the local level," said U.S. Secretary of Commerce Penny Pritzker. "This round of grants has an increased emphasis on creating the types of training programs that will prepare community college students for the jobs in which they are needed, which is good for employees, employers and the strength of our economy."
Grantees will use these funds to transform the way they schedule, sequence and deliver education and training programs that can be completed in two years or less. A variety of activities will be made possible, including: hiring or training instructors to expand capacity to offer in-demand courses or certifications, leveraging online learning to accelerate skills attainment, developing new curricula and training models to add additional classes and certifications, purchasing new equipment to ensure students train on what employers actually use, designing new programs based on the input and needs of local employers, and expanding career pathways in which stackable credentials are linked to industry skills and lead participants to higher-skill jobs.
Grantees in this round were also required to demonstrate: local labor market need for enhanced training in specific industries; strong engagement with employers in the design and delivery of training activities and work-based learning; a commitment to evidence-based program design and rigorous third-party evaluation; the use of stacked and latticed credentials; a clear plan for the transferability and articulation of course credit, application of advanced online and technology-enabled learning; strategic alignment with the workforce system, philanthropic organizations and other community partners; and the ability to leverage previously funded TAACCCT projects.
Obama administration announces $474.5 million in grants to expand demand-driven skills training and strengthen employer partnerships
Grants are third installment of nearly $2 billion community college initiative
WASHINGTON — Secretary of Labor Thomas E. Perez today announced $474.5 million in grants to community colleges and universities around the country for the development and expansion of innovative training programs in partnership with local employers. The grants are part of the Trade Adjustment Assistance Community College and Career Training grant program, a multiyear, nearly $2 billion initiative to expand targeted training programs for unemployed workers, especially those impacted by foreign trade.
The 57 grants announced today will support 190 projects in at least 183 schools in every state plus the District of Columbia and Puerto Rico. The grants will expand programs in growing industries, such as advanced manufacturing, transportation and health care, and encourage geographic and industry sector collaboration through the development of both statewide and multistate college consortia. The U.S. Department of Labor is implementing and administering the program in coordination with the U.S. Department of Education. All course materials developed using these public funds will be available through the Open Educational Resources initiative so that others can access and build on successful training models. The U.S. Department of Commerce is also encouraging employers to collaborate with local colleges eligible for funding through this program.
This latest round of funding is fostering deeper partnerships between community colleges, employers and other community partners. This year's grantees have more employer partners than in the past, and many of those employer partners will offer work-based learning opportunities. At least 10 of the individual grants will be focused on these work-based training opportunities and many consortia grants will incorporate similar strategies into their programs. Strong partnerships and work-based training will help ensure that curricula and training are aligned with the practical skills and competencies industries seek from workers.
Speaking in Colorado at Front Range Community College — the lead college in a $25 million grant to a consortium of nine schools across the state focused on developing a pipeline of skilled advanced manufacturing workers — Secretary Perez said: "These investments in demand-driven skills training bring together education, labor, business and community leaders to meet the real-world needs of the changing global marketplace. These partnerships strengthen not only the American workforce, but the American economy as well."
The initiative complements President Obama's broader goals of ensuring that every American has at least one year of postsecondary education, and that the U.S. has the highest proportion of college graduates in the world by 2020. The program is designed to have a lasting impact on higher education, emphasizing the use of evidence-based program design, collection of student outcome data and evaluation to add to the growing body of knowledge about which strategies best develop skills that lead to good jobs. This year's grants also build on the administration's goal of providing individuals with the information they need
to choose education and training programs that fits their needs. The 11 single-state consortia grantees will be required to use graduate employment and earnings data to improve their programming and to create employment results scorecards that will help prospective students make informed choices about training programs.
"Community colleges play a vital role in training Americans to meet the needs of employers today," said U.S. Secretary of Education Arne Duncan. "As our economy continues to rebuild, businesses are looking for employees with the skills their company needs to stay competitive, and America's students and adult workers want to be equipped to fill those roles. These grants help to meet those demands, providing critical investments in education and supporting key partnerships."
The grants include 20 awards to community college and university consortia totaling $377,452,319 and 23 awards to individual institutions totaling $61,943,218. Fourteen states and territories, which were not funded through the competitive award process, will develop a qualifying project and receive an approximately $2.5 million grant.
"For America's workforce to be competitive in the 21st century, our workers must possess the skills employers need for their businesses to succeed. That is why employers should partner with educational institutions and government to help develop curriculum and credentialing programs at the local level," said U.S. Secretary of Commerce Penny Pritzker. "This round of grants has an increased emphasis on creating the types of training programs that will prepare community college students for the jobs in which they are needed, which is good for employees, employers and the strength of our economy."
Grantees will use these funds to transform the way they schedule, sequence and deliver education and training programs that can be completed in two years or less. A variety of activities will be made possible, including: hiring or training instructors to expand capacity to offer in-demand courses or certifications, leveraging online learning to accelerate skills attainment, developing new curricula and training models to add additional classes and certifications, purchasing new equipment to ensure students train on what employers actually use, designing new programs based on the input and needs of local employers, and expanding career pathways in which stackable credentials are linked to industry skills and lead participants to higher-skill jobs.
Grantees in this round were also required to demonstrate: local labor market need for enhanced training in specific industries; strong engagement with employers in the design and delivery of training activities and work-based learning; a commitment to evidence-based program design and rigorous third-party evaluation; the use of stacked and latticed credentials; a clear plan for the transferability and articulation of course credit, application of advanced online and technology-enabled learning; strategic alignment with the workforce system, philanthropic organizations and other community partners; and the ability to leverage previously funded TAACCCT projects.
SERVICE MEMBERS, RETIREES SHOULD CHECK OUT 'SPACE-A' FOR BUDGET TRAVEL DEALS
FROM: U.S. DEFENSE DEPARTMENT
Budget-minded Travelers Take Flight With 'Space-A'
By Donna Miles
American Forces Press Service
WASHINGTON, Sept. 17, 2013 - Fantasizing about an exotic getaway but finding yourself strapped for cash? A "Space-A" seat aboard a military aircraft might be just your ticket to that vacation of your dreams.
Military-owned or -contracted aircraft fly to more places than many people realize, even to areas without U.S. military installations. When all mission-related passengers and cargo are accommodated, empty seats are offered up to eligible passengers on a space-available basis.
Last year, almost 215,000 service members, military family members and retirees took advantage of these "Space-A" flights all over the world, Air Force Master Sgt. Chris Alexander of Air Mobility Command's passenger policy and fleet management branch told American Forces Press Service.
They flew stateside at no cost on military planes and paid just $3.90 for a seat on a commercially chartered flight, Alexander reported. Those on international flights paid $17.20 or less to cover the cost of head taxes and federal inspection fees.
The travelers didn't require high-placed contacts or insider information -- just a basic understanding of how the system works.
In general, active-duty members and retirees and their families can fly Space-A between Army, Navy, Air Force, Marine Corps and Coast Guard facilities around the world. Flights also are available from the Seattle-Tacoma and Baltimore-Washington international airports.
Seats are offered to Space-A passengers only after all official-duty passengers and cargo have been accommodated, Alexander emphasized. Once those requirements are met, empty seats are offered to any qualified Space-A traveler. They may get a standard seat on a contracted commercial aircraft. But in other cases, it might be a backward-facing seat on a C-5 Galaxy aircraft or a jump seat on a C-130 Hercules cargo plane or KC-135 Stratotanker, or anything in between, Alexander said.
Passengers with a sense of adventure willing to try Space-A travel can sign up at the terminal they plan to fly from in person, online or by email or phone and stay on the roster for up to 60 days or, if applicable, until their military leave expires. It's possible to sign up for more than one destination, and at more than one terminal to improve the chances of getting a seat.
When passengers register, they get assigned to a passenger category that designates their place in "line" for a seat.
Space-A may be the one instance in which rank doesn't have its privilege. Seats are offered on a first-come, first-served basis, depending on a Space-A passenger's travel category and date and time they registered.
First priority, Category 1, goes to active-duty service members and their accompanying family members on unfunded emergency leave. Category 2 is assigned to those on environmental morale leave. Category 3 is for members and their families on ordinary leave or in a house-hunting status in conjunction with a permanent-change-of-station move. Category 4 goes to unaccompanied active-duty family members on environmental and morale leave. Category 5 is assigned to unaccompanied family members and service members on permissive temporary duty. Category 6 goes to military retirees, reservists, National Guard members and ROTC cadets.
Once official mission requirements are met, the likelihood that any would-be traveler gets a Space-A seat depends on a multitude of factors, Alexander said. Some air terminals have more flights than others, and larger commercially contracted aircraft tend to have more seats than cargo planes.
Timing is an important factor, too, he said. During the summer months, when many military families are making PCS moves or vacationing, Space-A seats fill up quickly. In Germany, for example, an aircraft with 100 or more available seats may fill up with travelers in Categories 1 to 3 alone, Alexander said.
Yet, Alexander said, retirees, who are in the lowest-priority group for Space-A seats, are big fans of the program and frequently get seat assignments. Many make a point of learning how the system works and avoid the busiest travel times so they are more likely to get a seat, he said.
AMC, which enforces the policies for the Space-A program, spells out the details of Space-A travel on its website. The site, including a downloadable Space-A handbook, is updated regularly.
The command's Facebook page provides travelers the most current information possible to help them plan better than ever before and to answer any questions they might have, Alexander said. The site offers 72-hour flight schedules that are updated daily.
One of its newest features is a Space A "roll call report." It provides information about seats provided to Space-A passengers within the previous 24 hours, including the latest date and time they signed up and which travel category they had been assigned.
AMC introduced the feature as part of its efforts to give travelers more predictability, but works closely with its operational security team to make sure it's not divulging too much information that could tip off potential adversaries, Alexander said.
Admittedly, Space-A travel can be a gamble. Many people have heard horror stories about seemingly endless waits for empty seats on outgoing flights, wasted leave days and destinations never reached. Passengers are cautioned to be prepared to buy a return flight on a commercial aircraft, as well as meals and lodging, if they find themselves unable to secure a Space-A flight home.
But trends show that many travelers are willing to sacrifice some of their leave for a free or almost-free seat on an unfilled military contract aircraft. Alexander attributes it to higher ticket prices on commercial aircraft and more awareness across the military about Space-A travel opportunities.
"People say, 'Wow, this is a great service, and I am going to use this, because it is one of my benefits,'" Alexander said. "As long as you have an open mind and you are educated on the processes and you have some time available, Space-A can definitely work well in your favor."
Budget-minded Travelers Take Flight With 'Space-A'
By Donna Miles
American Forces Press Service
WASHINGTON, Sept. 17, 2013 - Fantasizing about an exotic getaway but finding yourself strapped for cash? A "Space-A" seat aboard a military aircraft might be just your ticket to that vacation of your dreams.
Military-owned or -contracted aircraft fly to more places than many people realize, even to areas without U.S. military installations. When all mission-related passengers and cargo are accommodated, empty seats are offered up to eligible passengers on a space-available basis.
Last year, almost 215,000 service members, military family members and retirees took advantage of these "Space-A" flights all over the world, Air Force Master Sgt. Chris Alexander of Air Mobility Command's passenger policy and fleet management branch told American Forces Press Service.
They flew stateside at no cost on military planes and paid just $3.90 for a seat on a commercially chartered flight, Alexander reported. Those on international flights paid $17.20 or less to cover the cost of head taxes and federal inspection fees.
The travelers didn't require high-placed contacts or insider information -- just a basic understanding of how the system works.
In general, active-duty members and retirees and their families can fly Space-A between Army, Navy, Air Force, Marine Corps and Coast Guard facilities around the world. Flights also are available from the Seattle-Tacoma and Baltimore-Washington international airports.
Seats are offered to Space-A passengers only after all official-duty passengers and cargo have been accommodated, Alexander emphasized. Once those requirements are met, empty seats are offered to any qualified Space-A traveler. They may get a standard seat on a contracted commercial aircraft. But in other cases, it might be a backward-facing seat on a C-5 Galaxy aircraft or a jump seat on a C-130 Hercules cargo plane or KC-135 Stratotanker, or anything in between, Alexander said.
Passengers with a sense of adventure willing to try Space-A travel can sign up at the terminal they plan to fly from in person, online or by email or phone and stay on the roster for up to 60 days or, if applicable, until their military leave expires. It's possible to sign up for more than one destination, and at more than one terminal to improve the chances of getting a seat.
When passengers register, they get assigned to a passenger category that designates their place in "line" for a seat.
Space-A may be the one instance in which rank doesn't have its privilege. Seats are offered on a first-come, first-served basis, depending on a Space-A passenger's travel category and date and time they registered.
First priority, Category 1, goes to active-duty service members and their accompanying family members on unfunded emergency leave. Category 2 is assigned to those on environmental morale leave. Category 3 is for members and their families on ordinary leave or in a house-hunting status in conjunction with a permanent-change-of-station move. Category 4 goes to unaccompanied active-duty family members on environmental and morale leave. Category 5 is assigned to unaccompanied family members and service members on permissive temporary duty. Category 6 goes to military retirees, reservists, National Guard members and ROTC cadets.
Once official mission requirements are met, the likelihood that any would-be traveler gets a Space-A seat depends on a multitude of factors, Alexander said. Some air terminals have more flights than others, and larger commercially contracted aircraft tend to have more seats than cargo planes.
Timing is an important factor, too, he said. During the summer months, when many military families are making PCS moves or vacationing, Space-A seats fill up quickly. In Germany, for example, an aircraft with 100 or more available seats may fill up with travelers in Categories 1 to 3 alone, Alexander said.
Yet, Alexander said, retirees, who are in the lowest-priority group for Space-A seats, are big fans of the program and frequently get seat assignments. Many make a point of learning how the system works and avoid the busiest travel times so they are more likely to get a seat, he said.
AMC, which enforces the policies for the Space-A program, spells out the details of Space-A travel on its website. The site, including a downloadable Space-A handbook, is updated regularly.
The command's Facebook page provides travelers the most current information possible to help them plan better than ever before and to answer any questions they might have, Alexander said. The site offers 72-hour flight schedules that are updated daily.
One of its newest features is a Space A "roll call report." It provides information about seats provided to Space-A passengers within the previous 24 hours, including the latest date and time they signed up and which travel category they had been assigned.
AMC introduced the feature as part of its efforts to give travelers more predictability, but works closely with its operational security team to make sure it's not divulging too much information that could tip off potential adversaries, Alexander said.
Admittedly, Space-A travel can be a gamble. Many people have heard horror stories about seemingly endless waits for empty seats on outgoing flights, wasted leave days and destinations never reached. Passengers are cautioned to be prepared to buy a return flight on a commercial aircraft, as well as meals and lodging, if they find themselves unable to secure a Space-A flight home.
But trends show that many travelers are willing to sacrifice some of their leave for a free or almost-free seat on an unfilled military contract aircraft. Alexander attributes it to higher ticket prices on commercial aircraft and more awareness across the military about Space-A travel opportunities.
"People say, 'Wow, this is a great service, and I am going to use this, because it is one of my benefits,'" Alexander said. "As long as you have an open mind and you are educated on the processes and you have some time available, Space-A can definitely work well in your favor."
BALLISTIC MISSILE DEFENSE SYSTEM COMPLETES SUCCESSFUL TEST
FROM: U.S. DEFENSE DEPARTMENT
Aegis Ballistic Missile Defense System Completes Successful Intercept Flight Test
The Missile Defense Agency (MDA), U.S. Pacific Command, and U.S. Navy sailors aboard the USS Lake Erie (CG 70) successfully conducted a flight test today of the Aegis Ballistic Missile Defense (BMD) system, resulting in the intercept of a complex separating short-range ballistic missile target over the Pacific Ocean by the Aegis BMD 4.0 Weapon System and a Standard Missile-3 (SM-3) Block IB guided missile.
At approximately 2:30 p.m. Hawaii Standard Time (8:30 p.m. EDT), a complex separating short-range ballistic missile target was launched from the Pacific Missile Range Facility on Kauai, Hawaii. The target flew northwest towards a broad ocean area of the Pacific Ocean. Following target launch, the USS Lake Erie detected and tracked the missile with its onboard AN/SPY-1 radar. The ship, equipped with the second-generation Aegis BMD weapon system, developed a fire control solution and launched two SM-3 Block IB guided missiles to engage the target. The first SM-3 that was launched successfully intercepted the target warhead. This was the first salvo mission of two SM-3 Block IB guided missiles launched against a single separating target.
Program officials will assess and evaluate system performance based upon telemetry and other data obtained during the test.
This test exercised the latest version of the second-generation Aegis BMD Weapon System, capable of engaging longer range and more sophisticated ballistic missiles. This was an operationally realistic test, in which the target's launch time and bearing are not known in advance, and the target complex was the most difficult target engaged to date.
Today's event, designated Flight Test-Standard Missile-21 (FTM-21), was the fourth consecutive successful intercept test of the SM-3 Block IB guided missile with the Aegis BMD 4.0 Weapon System.
FTM-21 is the 27th successful intercept in 33 flight test attempts for the Aegis BMD program since flight testing began in 2002. Across all Ballistic Missile Defense System programs, this is the 63rd successful hit-to-kill intercept in 79 flight test attempts since 2001.
Aegis BMD is the naval component of the MDA's Ballistic Missile Defense System. The Aegis BMD engagement capability defeats short- to intermediate-range, unitary and separating, midcourse-phase ballistic missile threats with the SM-3, as well as short-range ballistic missiles in the terminal phase with the Standard Missile-2 (SM-2) Block IV missile. The MDA and the U.S. Navy cooperatively manage the Aegis BMD program.
Aegis Ballistic Missile Defense System Completes Successful Intercept Flight Test
The Missile Defense Agency (MDA), U.S. Pacific Command, and U.S. Navy sailors aboard the USS Lake Erie (CG 70) successfully conducted a flight test today of the Aegis Ballistic Missile Defense (BMD) system, resulting in the intercept of a complex separating short-range ballistic missile target over the Pacific Ocean by the Aegis BMD 4.0 Weapon System and a Standard Missile-3 (SM-3) Block IB guided missile.
At approximately 2:30 p.m. Hawaii Standard Time (8:30 p.m. EDT), a complex separating short-range ballistic missile target was launched from the Pacific Missile Range Facility on Kauai, Hawaii. The target flew northwest towards a broad ocean area of the Pacific Ocean. Following target launch, the USS Lake Erie detected and tracked the missile with its onboard AN/SPY-1 radar. The ship, equipped with the second-generation Aegis BMD weapon system, developed a fire control solution and launched two SM-3 Block IB guided missiles to engage the target. The first SM-3 that was launched successfully intercepted the target warhead. This was the first salvo mission of two SM-3 Block IB guided missiles launched against a single separating target.
Program officials will assess and evaluate system performance based upon telemetry and other data obtained during the test.
This test exercised the latest version of the second-generation Aegis BMD Weapon System, capable of engaging longer range and more sophisticated ballistic missiles. This was an operationally realistic test, in which the target's launch time and bearing are not known in advance, and the target complex was the most difficult target engaged to date.
Today's event, designated Flight Test-Standard Missile-21 (FTM-21), was the fourth consecutive successful intercept test of the SM-3 Block IB guided missile with the Aegis BMD 4.0 Weapon System.
FTM-21 is the 27th successful intercept in 33 flight test attempts for the Aegis BMD program since flight testing began in 2002. Across all Ballistic Missile Defense System programs, this is the 63rd successful hit-to-kill intercept in 79 flight test attempts since 2001.
Aegis BMD is the naval component of the MDA's Ballistic Missile Defense System. The Aegis BMD engagement capability defeats short- to intermediate-range, unitary and separating, midcourse-phase ballistic missile threats with the SM-3, as well as short-range ballistic missiles in the terminal phase with the Standard Missile-2 (SM-2) Block IV missile. The MDA and the U.S. Navy cooperatively manage the Aegis BMD program.
Subscribe to:
Comments (Atom)