Ahead of a June 2 special legislative session, legislative leaders and the Douglas Administration will hold public forums to inform the public about the budgetary issues. Douglas vetoed the $4.5 billion budget and has offered his own alternative. Before the Legislature would take up Douglas’ changes, it will first have to vote to sustain or override the veto. As with the gay marriage veto that the Legislature overrode in early April, the budget showdown could come down to a single vote.Public Hearings to Address BudgetWednesday, May 27Noon –1 pm, WillistonThe Governor will speak with businesses regarding budget challenges currently facing the state, and economic development opportunities, such as the Sales Tax Holiday and R&D Tax Credit. He also wants to listen to their concerns and ideas and discuss strategies for putting the state on a fiscally sustainable path.This event will be held at noon at DEW Construction at 277 Blair Park Road in Williston. No registration is needed to attend. 1 – 4 pm, Montpelier The House Ways and Means Committee and Senate Finance Committee, along with the Chairs of Appropriations and Education, will hold a public hearing from 1 – 4 p.m. in Room 11 at the State House regarding the Education Fund and tax proposals for this year’s budget.You can sign-up in advance to testify by contacting the Joint Fiscal office at 828-5767 and asking for Theresa, or by emailing firstname.lastname@example.org(link sends e-mail). Thursday, May 281– 4 pm, Montpelier The House and Senate Appropriations Committees, along with the Chairs of Ways and Means, Finance, Human Services, Health Care and Government Operations, will hold a public hearing from 1 – 4 pm in Room 11 on the governor’s proposal to make deeper General Fund cuts.You can sign-up in advance to testify by contacting the Joint Fiscal office at 828-5767 and asking for Theresa, or by emailing email@example.com(link sends e-mail).
The Bermuda Insurance Managers’ Association (BIMA) is again offering two full scholarships to the Associate in Captive Insurance (ACI) designation program. The scholarships will be announced in early June at the Bermuda Captive Conference. The following individuals recently completed the Associate in Captive Insurance (ACI) professional designation:Satyajeet Beekarry, PriceWaterhouseCoopers – Grand CaymanAmber Breaux, Alliant Insurance – TXTammy Chute, HSBC Bank (Cayman ) Limited – Grand CaymanJordan Cohen, Physicians’ Reciprocal Insurers – NYAudrey Dixon, HSBC Group – Cayman – Grand CaymanJesse Lussier, USA Risk Group – VTLynsey Marfleet, Aon Insurance Managers – Grand CaymanKristen Minton, Regions Insurance – ARJason Oswald, CNA Insurance – COGregory Petrowski, GPWA – AZLarry Prudhomme, GPWA – AZDaniel Seman, ALPS Corporation – MTTracy Stopford, USA Risk Group – VTTom Syzek, Premier – OHAmanda Wescott, USA Risk Group – VTLori Wind, Wilmington Trust – SC Housing Authority Insurance Group (HAIG) will again be providing the Harry House Scholarshipsreserved for minority students in a college or university risk management program. This opportunity will offer one student a complete ACI scholarship and an additional student will be awarded an individual course scholarship. New Courses and InstructorsICCIE continues to add more new electives to its stable of courses. The first new elective of 2011 is “Captive Board Governance,” which will be offered for the first time this month. Taught by John O’Brien, Wendy Fisher, and Tom McMahon, the course takes an in-depth look at corporate governance from the perspective of the Board of Directors. Both the Harry House Scholarship and the Distinguished Scholar Award will be announced at the VCIA 2011 conference in August. Recent ACI recipients ICCIE is also excited to announce that Derick White will soon be co-teaching (along with Chaz Lavelle) the core course “Forming and Operating a Captive.” The former long-time Vermont regulator, now with Strategic Risk Solutions, will debut in this role later this spring. In another exciting development, ICCIE continues to partner with industry conferences for live seminar broadcasts. Following up on last October’s live webcast of a seminar panel from the Hawaii Captive Insurance Conference, ICCIE’s next live conference webcast will be from CICA on March 14th. “To FASB or to IASB” is the conference seminar to be webcast live and then rebroadcast the following morning. The panel will feature Joel Chansky and Magali Welch. Later in the year a 14th ICCIE course in development will be announced and taught for the first time. Both “Captive Board Governance” and the upcoming elective have been developed with the aid of a Next Generation (Act 46) Grant from the Vermont Department of Labor. The International Center for Captive Insurance Education (ICCIE), based in Burlington, closed the book on 2010 by finishing another year in the black – and by graduating 50 Associates in Captive Insurance (ACIs), bringing the total to date to nearly 200 industry professionals who have completed the captive industry’s only designation.Scholarships to ICCIE for 2011Several scholarships to ICCIE available in the past are again being offered in 2011. These opportunities are: John O’Brien Wendy Fisher Tom McMahon The Vermont Captive Insurance Association (VCIA) is the sponsor of the Distinguished Scholar Award, a full scholarship to the ACI program offered to a VCIA-member individual based on industry participation and community service.
Hartford Police Department$182,324Milton Police Department$226,477Pittsford Police Department$212,742Rutland County Sheriff’s Department$153,110University of VT & State Agriculture College$204,501Vergennes Police Department$133,313Windsor Police Department$200,856Total:$1,313,323 Community Oriented Policing Services (COPS) Grants Awarded To Vermont Senator Patrick Leahy (D-VT) announced Wednesday that seven police departments across Vermont have been awarded grants through the Community Oriented Policing Services (COPS) Hiring Program. The grants total more than $1.3 million to help law enforcement departments hire officers. ‘The COPS program has helped Vermont communities keep officers on the streets, which helps keep all Vermonters safe,’ said Leahy. ‘These grants have helped law enforcement departments in Vermont and across the country for nearly 20 years. The COPS program is an important partnership between the federal government and state and local law enforcement, and I will be working in Congress to ensure that we maintain our commitment to this successful program.’ Vermont communities have received nearly $46 million in grants from the COPS program since 1994. More than 285 officers have been hired across Vermont as a result of these grants. Grants awarded through the COPS Hiring program allow law enforcement agencies to hire or re-hire career officers. The grants provide 100 percent funding for approved entry-level salaries and benefits for three years for newly-hired officers, or for re-hired officers who have been laid off as a result of local budget cuts. The COPS program began in the 1990s, helping to put more than 100,000 new officers on the streets. Leahy has worked in recent years to secure funding for the COPS program after its budget was cut during the Bush administration. In 2009, Leahy successfully included $4 billion in the economic stimulus package for state and local law enforcement programs, including $1 billion for the COPS program. Law enforcement departments in Hartford, Milton, Pittsford, Rutland County, Vergennes, and Windsor have been awarded COPS grants. The University of Vermont & State Agriculture College has also been awarded a grant. Leahy is the Chairman of the Senate Judiciary Committee. In recent years, he has focused part of the Committee’s work on examining the federal partnership with state and local law enforcement agencies. He has chaired a series of Committee hearings in Vermont to highlight the state’s successful, community-based approach to fighting crime.
GlobalFoundries,US semiconductor maker Ramtron International Corporation (Nasdaq: RMTR), a leading developer and supplier of low energy nonvolatile ferroelectric random access memory (F-RAM) and integrated semiconductor products, today announced that it has made initial customer deliveries of a custom designed F-RAM device built on its new IBM manufacturing line in Burlington, Vermont. In addition to 50,000 devices already shipped, the company expects to ship approximately 1.9 million devices over the next few quarters with a potential for significantly higher volumes in the future. The Ramtron-designed custom F-RAM devices are destined for use in generic printer cartridges.‘This milestone marks the first commercial shipment of 3-volt F-RAM devices built on our new F-RAM manufacturing line in Burlington,’ said Eric Balzer, Ramtron’s CEO. ‘In recent months, we have made significant progress toward improving the product yield on our new manufacturing line, which also bodes well for our recently introduced standard F-RAM products being built there.’ Also, in anticipation of its participation at the 14th Annual Needham Growth Conference and related investor meetings today and tomorrow (January 11 and 12, 2012), Ramtron today announced preliminary results for total revenues for its fiscal year ended December 31, 2011.Based on a review of Ramtron’s preliminary results, management expects to report fiscal year 2011 revenue of approximately $66.4 million. In addition, Ramtron believes that the company’s fourth-quarter results will allow it to achieve its previously published net income guidance of $0.02 to $0.05 per share for the second half of 2011. These results are preliminary and unaudited. The company plans to report its final results for the fourth quarter and fiscal 2011 on Thursday, February 16, 2012.On Thursday, January 12, 2012, Ramtron plans to present at the 14th Annual Needham Growth Conference at the New York Palace Hotel in New York. The presentation is currently scheduled for 10:00AM ET. Representing management will be Eric A. Balzer, Director and Chief Executive Officer. About Ramtron and F-RAM TechnologyRamtron International Corporation, headquartered in Colorado Springs, Colorado, is a fabless semiconductor company that designs, develops and markets specialized semiconductor memory and integrated semiconductor solutions used in a wide range of product applications and markets.Ramtron pioneered the integration of ferroelectric materials into semiconductor products that enabled a class of low energy nonvolatile memory, called ferroelectric random access memory, or F-RAM. Ramtron F-RAM products combine the high-speed performance of Random Access Memory (RAM) with high-integrity nonvolatile data storage, or the ability to save information without power. Since commercializing the technology, Ramtron has sold nearly a half-billion F-RAM devices into demanding applications such as automotive safety and entertainment systems, portable medical devices, industrial process control systems, smart electricity meters, and consumer printer cartridges. As the most power-efficient of any nonvolatile memory technology on the market, F-RAM products promise to pave the way for the development of ultra-efficient battery powered products and energy harvesting applications, among others. For more information, visit www.ramtron.com(link is external).COLORADO SPRINGS, Colo.–(BUSINESS WIRE)