UVM-IBM $590,000 “smart grid” research project using complex systems

first_imgUniversity of Vermont,Last week, the U.S. Department of Energy (DOE) approved a three-year, $590,000 project for complex systems research by the University of Vermont Complex Systems Center and IBM Research into the future reliability of the smart grid.? U.S. Senator Patrick Leahy secured an initial $500,000 for the UVM program, which then attracted an additional $90,000 in resources through the UVM-IBM partnership.?Led by Drs. Paul Hines (RELATED STORY) and Chris Danforth, two faculty in the UVM Complex Systems Center and assistant professors in the College of Engineering and Mathematical Sciences (CEMS), the UVM-IBM project uses complex systems modeling approaches to reduce the risk of large blackouts caused by cascading failure in the electricity infrastructure. The research will focus on the development of new methods, based on complex systems concepts and high-performance computing, for estimating and reducing cascading failure risks ‘invaluable information as Vermont actively develops the nation’s first, statewide smart grid infrastructure.”Implementation of a statewide Smart Grid holds tremendous promise to improve the daily lives of Vermonters,’ said Leahy, ‘The research conducted by UVM and IBM through this public-private partnership will improve the reliability of the power grid and help anticipate some of the unforeseen challenges posed by this new technology. Vermont is poised to lead the pack on Smart Grid adoption and this funding will help solidify that position.”‘IBM’s Vermont site has a long history of success working with UVM and we’re pleased that this collaboration has now been extended to include IBM Research, said Janette Bombardier, director, IBM Vermont site operations and senior location executive.? ‘IBM has used systems modeling and monitoring to improve energy use at its Vermont facility, and this research will focus on how to apply similar techniques to create a more stable and reliable electric grid for Vermont and nationwide.’”The growing UVM-IBM partnership in complex systems approaches and high performance computing on issues critical to the State of Vermont and our nation showcases excellence in both institutions,” said UVM Vice President for Research Domenico Grasso, “I sincerely thank Senator Leahy for his support of this important research and look forward to our faculty’s continued collaborations with IBM.”IBM will leverage the team’s development of computationally efficient complex systems of systems approaches and Hybrid High Performance Computing (HPC) implementations, to compliment its “Smarter Energy” research agenda. The computationally-rigorous field of complex systems is extremely well-suited to this research ‘ simulating complex interactions of technological, human, and environmental systems, among others.? Complex systems was recently identified by UVM as one of three transdisciplinary ‘Spires of Excellence’ for university-wide strategic investment.Professor Hines moved to the UVM College of Engineering and Mathematical Sciences in 2007 after earning degrees in engineering and public policy from Carnegie-Mellon University.? He has been active in Vermont energy systems education efforts and, in addition to his position at UVM, holds an adjunct position with Vermont Law School. Professor Danforth, Hines’ co-investigator, moved to UVM from the University of Maryland and is an expert in the modeling of chaotic interactions.? Danforth is engaged in complex systems modeling studies ranging from the ‘emotional state of the blogosphere’ to blood coagulation and is also a national leader in math and climate system education both at UVM and through the Governor’s Institutes of Vermont (GIV) program for Vermont high schools.?(Photo courtesy of David R. Tribble, used under the terms of the GNU Free Documentation License and the Creative Commons Attribution ShareAlike License)RELATED:http://vermontbiz.com/article/november/qa-uvms-paul-hines-safety-electri…last_img read more

Onsite: Day one at The Financial Brand Forum 2016 – Las Vegas

first_img 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Randall Smith Randall Smith is the co-founder of CUInsight.com, the host of The CUInsight Experience podcast, and a bit of a wanderlust.As one of the co-founders of CUInsight.com he … Web: www.CUInsight.com Details The Financial Brand Forum has quickly become a must attend event for credit union and bank marketers and anyone interested in marketing, advertising, branding and retail delivery over the past four years. The Forum was specifically designed to help credit unions and banks tackle their biggest branding, marketing and retail delivery challenges. This year over 1000 people have made their way to Las Vegas for the event.Highlights from day one:“Creativity is a muscle. The more you use it, the stronger it gets.” Jeffrey Pilcher, founder and CEO of The Financial Brand“Manage the culture of your business and the culture will manage your business.” Arkadi Kuhlman, CEO of ZenBanx and founder of ING Direct“75% of consumers are on social media. Be where your customers are.” Jim Marous, co-publisher of The Financial Brand“Everyone one of us can be disruptors.” Luvleen Sidhu, CMO of BankMobile“It takes 6 months for a new employee before the culture of the new company outweighs the culture of their old job.” Garrick Throckmorton, AVP/Organizational Development at Allegacy FCU“You can’t nickel and dime millennials with banking. Be transparent and upfront on fees and cost.” Jason Falls, SVP Digital Strategy at Elasticity“People care more about their relative wealth, than absolute wealth.” Shankar Vedantam, social science correspondent at NPR and the author of The Hidden BrainFollow all the happening today at The Financial Brand Forum in Las Vegas on Twitter at #FBForum.last_img read more

Great Portland pays out 18.7m for London Bridge sites

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COVID-19: Jakarta’s partial lockdown deals a heavy blow to ‘ojek’ drivers

first_img“For some drivers who usually transport only passengers, the decline must be much more drastic. Not all drivers can easily get an order for food or packages,” said the driver, who has been working for Gojek since 2016.He further said that delivering food and packages also had its obstacles as many streets were closed due to the partial lockdown, requiring drivers to take longer routes, which means extra costs for gas. He also reported that some shops and merchants had temporarily closed their business.Despite suffering a decreased income, he expressed his support for the city administration’s decision as it would help stop the chain of COVID-19 infections. Still, he hoped that both the government and?ojek?service providers would pay more attention to drivers whose financial conditions have now been affected.Online Driver Association (ADO) head Wiwit Sudarsono said drivers’ earning had been reduced up to 80 percent, especially for drivers who used to take only passengers.He also expressed his hope that Grab Indonesia and Gojek would compensate for the loss by cutting the usual 20 percent commission.“We need an immediate solution by the government and?ojek?service companies,” he said.Read also: COVID-19: Jakarta Police patrol streets, supermarkets during partial lockdownMeanwhile, app-based?ojek?association Two-Wheel Movement Union (GARDA) head Igun Wicaksono regretted that the Go-ride and GrabBike features had been disabled after the Jakarta administration prohibited drivers from taking passengers.“We want the administration to evaluate the regulation so that drivers can take passengers. Otherwise, please give compensation to app-based?ojek?drivers during the prohibition,” he said on Friday as quoted by tempo.co.Igun said ojek?was a common, affordable mode of transportation among the general public for their daily commute.He added that the association had requested from the government an allowance of Rp 100,000 (US$ 6.30) for each driver or half the average daily income of app-based?ojek?drivers.Topics : Mohamad Usman, 45, usually transports up to 10 passengers a day on normal days. But ever since the COVID-19 outbreak hit Greater Jakarta, the app-based?ojek?(motorcycle taxi) driver?has experienced a significant drop in passengers and, therefore, income.“I’ve only had five passengers in the past two weeks. Lately, I’ve been sending packages, food and sometimes medicine,” Usman told?The Jakarta Post?on Saturday.He said the situation had been challenging ever since schools and companies started imposing study and work from home policies, as encouraged by the government. The challenges continued?following large-scale social restrictions (PSBB) ordered by the Jakarta administration on Friday in its bid to contain the spread of the novel coronavirus. Effective for 14 days until April 24, the PSBB states that ojek drivers are only allowed to transport goods and not passengers, as stipulated in Health Ministry Regulation No. 9/2020 on PSBB guidelines and Gubernatorial Decree No. 33/2020, which is the legal basis for the implementation of large-scale social restrictions in the capital.To comply with the PSBB status, multi-service apps Gojek and Grab also temporarily disabled their ojek services. Jakarta-based customers are only able to hail a car and use goods and food delivery services.Read also: ‘Break the chain!’: Businesses brace for Jakarta’s social restrictionsUsman, who regularly transports goods and passengers around Cilandak, South Jakarta, said his income had?dropped by 50 percent.last_img read more

Govt to provide US$1.68 billion stimulus package with hotel, airfare discounts

first_imgTopics : The government is set to provide a Rp 25 trillion (US$1.68 billion)?stimulus package that?includes?airfare and hotel discounts?to speed up the recovery of the travel industry after the pandemic subsides.Tourism is one of the hardest-hit sectors by the current health crisis, with no fewer than 1.4 million workers within the sector having been laid off or furloughed.The Finance Ministry’s Fiscal Policy Agency head, Febrio Kacaribu, said on Wednesday that the stimulus package, which aims to boost consumption among the middle class, would be effective by the third quarter when COVID-19 restrictions are expected to be relaxed. “If the public is eager to travel in the third quarter, we will provide a stimulus for tourism, restaurants and transportation,” Febrio told reporters in a teleconferenced briefing. “We are hoping that we will see [a surge in travel] in the third and fourth quarters to boost consumption.”According to his presentation material made available to reporters, the government would provide the support in the form of airfare and hotel discounts, as well as food vouchers via online applications.The plan is regulated under Government Regulation (PP) No. 23/2020 on the national economic recovery program, in which the government will carry out efforts to support a recovery after the pandemic eases.The projected scenario was that large-scale social restrictions (PSBB) would lower consumption significantly in the second quarter, but consumption would recover by the third quarter, Febrio said.center_img The economy grew 2.97 percent in the first three months of the year as consumption growth slowed while people stayed at home, businesses closed and travelers cancelled their travel plans.This has upended the tourism industry as the number foreign visitor arrivals plunged significantly by 64.1 percent year-on-year (yoy) in March to 470,898 visitors, a level unseen in a decade, according to data from Statistics Indonesia (BPS).Tourism and Creative Economy Minister Wishnutama Kusubandio urged travel agents to use digital platforms to help the industry regain its power after the pandemic, adding that he was coordinating with various stakeholders in tourism to be prepared for a surge in tourists by formulating promotional plans.“The first step is to incentivize Indonesian tourists by coming up with alluring travel packages,” he said. “The pandemic has brought new routines, a new normal.”He also noted new trends in tourism brought about by the outbreak, with health and comfort in particular seeing major changes.“For the next tourism development, we will focus on the principle things, namely hygiene and sanitation at tourist attractions, accommodation and modes of transportation,” Wishnutama said.“We will need strong cooperation to further mitigation and recovery efforts, during the pandemic and afterward.”last_img read more

LSE sells Russell Investments for $1.15bn to private equity firm

first_imgRussell Investments has been sold by the London Stock Exchange (LSE) Group to TA Associates, the private equity firm that bought UK asset manager Jupiter Fund Management back in 2007.TA Associates said it signed a definitive agreement to buy Russell Investments, the asset management business of Frank Russell, in a deal valued at $1.15bn (€1bn).It is linking with Reverence Capital Partners in the deal, with the latter making a “significant minority investment” in Russell Investments.Xavier Rolet, chief executive at the LSE Group, said: “Until completion, LSEG remains firmly committed to Russell Investments, its global customer base, its exemplary client service and its innovative product offering.” The LSE Group said back in February that it was willing to?sell the investment management arm of Russell Investments, after buying Frank Russell last year, having announced the deal in June 2014.It has since split the company into an indexing part and an investment management part.The indexing activities have been merged with FTSE, also owned by the LSE Group, to form FTSE Russell.FTSE Russell is unaffected by the sale of Russell Investments, and the indices provided by FTSE Russell will remain as they are, variously branded under the FTSE or Russell names.Todd Crockett, a managing director at TA Associates, said. “The breadth of Russell Investments’ investment and implementation operations, as well as its orientation to multi-asset and solutions investing, will continue to be a differentiator and driver of growth in the market going forward.”Goodwin Procter is providing legal advice to TA Associates and Reverence Capital on the deal, while Freshfields Bruckhaus Deringer is acting as legal counsel to the LSE Group.TA Associates and Reverence Capital are also being advised by G Broadhaven Capital Partners, while LSE Group and Russell Investments are being advised by JP Morgan and Goldman Sachs.The Russell Investments deal is expected to be completed in the first half of 2016, pending regulatory approval.Russell Investments has nearly $2.7trn in assets under management.TA Associates bought Jupiter Fund Management in 2007, backing a management buyout from the then owner Commerzbank, and sold most of its stake in the company in 2010 in an IPO.last_img read more

AMA boss and TV doctor selling Brisbane investment

first_imgThere is also a classic wraparound veranda, a leafy fully fenced backyard, two car accommodation and a massive storage area on the ground floor. Inside, all four bedrooms open onto the veranda, and the master bedroom also has a stunning box bay window.A wide hallway with timber-panelled walls, picture rails and decorative ceilings leads from the veranda, past the bedrooms and in to the living room, which has a box bay window plus exposed timber beams, timber floors and a chandelier. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time?0:00/Duration?1:44Loaded: 0%Stream Type?LIVESeek to live, currently playing liveLIVERemaining Time?-1:44?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p288p288p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time?0:00/Duration?0:00Loaded: 0%Stream Type?LIVESeek to live, currently playing liveLIVERemaining Time?-0:00?Playback Rate1xFullscreenHow to bid at auction for your dream home? 01:45High-profile medico and TV doctor Gino Pecoraro is selling his New Farm investment property, with the character house expected to draw a huge crowd at auction this weekend.Dr Pecoraro is the chair of the powerful lobby group, the Australian Medical Association, and is a well-known obstetrician and gynaecologist in Brisbane.He is also a regular on morning television. Dr Gino Pecoraro at his Brisbane practice. Glenn Hunt/The AustralianProperty records show he bought 14 Hickey St in New Farm for $345,000 back in 1997. But it is expected to fetch far more when it goes under the hammer on Saturday, with the median house price for New Farm now $1,622,500. Dr Pecoraro said they bought the house soon after getting married, and had planned to renovate it and make it their own family home.“But life got in the way,” he said. “We are in another house in New Farm and had this one rented.“It is a beautiful house and has been around forever. It will make a beautiful family home.”More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours agoThe pre-war bungalow Queenslander is largely in its original condition, and has a raft of classical features including French doors, Art Deco stained art glass windows and doors, VJ external walls and ceilings, timber floors, exposed coffered ceilings with picture rails and double height ceilings. It has four bedrooms and three multipurpose rooms and is just a short stroll from New Farm Park and Merthyr Village. The property is listed with Place Bulimba agent Carla Haddan.Ms Haddan said there had been “consistent inquiries” about the property, particularly from families looking to renovate it and turn it in to a home. “It is in great condition and in a great location,” she said. “It just needs someone to come and love it … I can’t wait to see what it looks like renovated.”The property will go to auction at 3pm Saturday. Dr Pecoraro said he hoped the property would go to a family who could turn it in to their own dream home. “Renovating is a labour of love and we are looking to downsize now, not taking on such a big project,” he said.“It has really good bones and the basics are there to turn it in to something special.” There is also a separate dining room and the nearby kitchen features a bank of timber cabinetry with leaded windows and space for casual dining.Outside there is a paved patio and room for a pool. The house at New FarmThat is double what the median house price was in 2009 when it was $850,000, with records showing that houses, on average, double in value every decade in the sought-after suburb. And at 620sq m, the land alone could be worth in excess of a cool million.last_img read more

Cardinals Kick Off Track Season

first_imgOn a cold Monday night, the St Louis Boys and Girls track and field teams kicked off their seasons.? Both had strong starts to their seasons.For the Boys, they had 2 first place finishers (Caleb Lehman in the 400 and Benjamin Moster in the 800).? They had 3 second place finishes (Benjamin Moster in the 1600m and Long Jump as well as Caleb Lehman in the 100m).? There were also 2 third place finishes (Conner Ertel in the Discus and Joseph Suttman in the 200 m).? We ended our individual scoring with Joseph Suttman receiving a 4th place in discucs.??? ?The boys 4×400 meter relayed came in second with a strong finish.? The team consisted of (Caleb Lehman, Benjamin Moster, Aiden Geers, and Connorr Ertel).For the Girls, they had one individual first place win (Kate Weber in the 1600 m).? They had? two 2nd place finishes (Leah Cossentino in the Discus and Elizabeth Gingrich in the 400m).? There were three 3rd place finishes (Sadie Wachsmann in the Discus, Nicole Amberger in the Shotput, and Isa Wonnell in the 800 meters).? There were also three 4th place finishes (Allie Savage in the Long Jump, Hurdles, and 200m).? Finally both of the girls relays were successful.? The 4x100m team of Nicole Amberger, Eli Cornet, Sadie Wachsmann, and Ella Moster got a second place finish and the girls 4×400 team consisting of Isa Wonnel, Kate Weber, Hope Kroen, and Eli Cornettl finished the Girls race with a 1st place finish.The Cardinals track team should be back in action again next Monday against North Decatur and Jac-Cen-Del.Courtesy of Cardinals Coach Rob King.last_img read more

Mourinho offered £12m to reject Spurs

first_imgRelatedPosts EPL: Son fires four past Southampton Tottenham sign £25m Sergio Reguilon Tottenham re-signs Bale on loan Real Madrid were desperate for Jose Mourinho not to join Tottenham a fortnight ago, it has been revealed. The Sun says Real were willing to offer Mourinho pre-contract terms worth £12 million to wait for the Madrid job to become available. But the Portuguese had his heart set on Tottenham. And Spurs chairman Daniel Levy, who had been harbouring doubts about Mauricio Pochettino since the build-up to June’s Champions League final, rewarded his patience. Real were not the only club whose approaches to Mourinho were in vain. Borussia Dortmund, AC Milan and Lyon all wanted him, while Chinese outfit Guangzhou Evergrande were willing to pay him £40 million a year after tax. But once Mourinho knew the Tottenham job was in play, he was happy to stall on other options.Tags: Jose MourinhoMauricio PochettinoTottenham Hotspurlast_img read more

Condon sprinter earns salute

first_img Master Speaker led briefly after Cash Or Casualty had taken them along, with In Salutem making strong headway behind horses as Shane Foley looked for a gap. When it came the five-year-old – who finished last of 10 at the Curragh on his previous start – soon took control and won by a length and three-quarters. Ken Condon’s 11-1 shot In Salutem came through strongly in the final furlong to seal victory in the Cunnighams of Kildare Handicap at the Curragh. Condon said: ” He’s a favourite in the yard. He probably hasn’t won as many as we hoped or he threatened to. He runs plenty of times as he’s a sound horse – he always saves a little bit for himself. “He has always shown plenty of ability in his work. I suppose typical of a lot of sprinters, he’s sort of five now and sort of mature now and working nicely. ” He didn’t handle the heavy ground the first day of the season and as a consequence was last, but had been working nicely since. The drier ground helped him. He doesn’t want it firm, just an ease in the ground is perfect. “He leads some of our smart fillies at home, like Newsletter. Hopefully we can aim him for some of the nice Premier Handicaps here at the Curragh. With a penalty for that he’ll get into all the good sprint handicaps like the Rockingham and the Paddy Power. We’ll look forward to another productive year with him, hopefully. “Shane was always going to ride him with confidence and he surely did. Even at the furlong pole he had a little bit to do, but he got there in good time and did it well.” In-form jockey Chris Hayes, earlier successful on Penny Pepper, completed a double on Papa’s Way (9-2) in the Clongowes Wood College Bicentenary Handicap. Paul Deegan’s five-year-old, a winner at Cork earlier this month, struck for home on the turn into the straight after racing prominently and showed a gutsy attitude to keep all-comers at bay for victory by three-quarters of a length from Lady Giselle. “Chris had him rolling down the hill and got them on the stretch. He’s riding out of his skin at the moment,” said Deegan. center_img Press Associationlast_img read more