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The federal agency that oversees the financial condition of U.S. banks says it will offer voluntary early retirement to about 20% of its 5,800 employees.Agency officials say the early retirements could create a more highly skilled workforce with the goal of attracting employees with a new set of skills.The Federal Deposit Insurance Corp. announced the move Thursday, saying it isn’t designed to reduce its budget or the total size of the workforce. About 42% of the current workforce is eligible for retirement within five years, the FDIC says. A wave of potential retirements could sap the agency’s institutional knowledge, especially during a crisis, the FDIC’s inspector general said in a recent report.In addition, the FDIC plans to close a handful of field offices, and to relocate and consolidate others. No staff involved in examining banks will be affected, the agency says.“This program will enhance our agility, preparedness and technological transformation,” FDIC Chair Jelena McWilliams said in a statement. It’s part of the agency’s strategy to “further reduce layers of management and acquire new skill sets,” she said.Sen. Sherrod Brown of Ohio, the senior Democrat on the Senate Banking Committee, questioned the approach of phasing out veteran employees and said it could hurt the FDIC’s ability to deal with another financial crisis. “If the FDIC chair were interested in increasing the agency’s capability to respond to a crisis, she would be focused on hiring and training a new generation of workers, not encouraging experienced and senior staff to rush to the exit,” Brown said. “Let’s be clear –- no matter how Chair McWilliams tries to spin it, reducing FDIC’s workforce will make us less prepared for a financial downturn.”During the 2008-09 financial crisis and the following years, the FDIC closed hundreds of failed U.S. banks and transferred their loans and deposits to other, healthy banks. Bank failures reached a peak of 157 in 2010. With the new plan, the FDIC is looking build up its staff engaged in inspecting banks, and in specialized information technology, computer science and data management. Officials declined to estimate what portion of the employees being offered early retirement is expected to take it. They include executive managers as well as administrative staff at FDIC headquarters in Washington and in the field. The union representing FDIC employees said it’s concerned about employees having enough time to adequately assess their options and make informed decisions. Employees who accept the offer must leave by June 6. Under terms of the offer, most of the employees who choose to leave or retire will receive six months of salary.The union, the National Treasury Employees Union, said it will negotiate with the agency on the office closures and consolidations to prevent involuntary relocations of employees to another FDIC office and allow them to continue to inspect banks in their areas.“We also intend to closely examine the FDIC’s justification for these decisions, and our union will raise concerns if we feel the moves are unwarranted or harmful to FDIC’s ability to accomplish its mission,” NTEU President Tony Reardon said in a statement.In addition to monitoring the banks’ condition, the FDIC was established during the Great Depression to insure deposits of banks that fail. It guarantees deposits up to 0,000 per account. 3411
The new year brings a new Publishers Clearing House sweepstakes, as Steve Harvey and the Prize Patrol gear up for another year of big prizes, including ,000 a year for life.Unfortunately, scammers are also gearing up to impersonate them, as one family learned. They sure could use that ,000 now to make up for the money they just lost to a scam.Official PCH letter arrives in mailLarenda Jackson and her mom, Annie Williams, have always dreamed of the Prize Patrol coming to their home. So when a letter arrived with an official seal and the signature of PCH's Dave Sayer, the older woman thought her ship had come in."He said I won," Williams said. "I won million."The letter explained she would receive million in the next few weeks, and that they were sending a check along with the letter to cover her insurance and attorney fees.So Williams followed the instructions, depositing the ,000 check in her PNC bank account, then sending ,000 of it to the "attorneys" once the deposit cleared."Mom was leery about it," daughter Larenda Jackson said. "But when they said the cash was available, the check cleared, she figured if she sent anything it was the check they sent her."She claims the bank told her the check had cleared. "Yes, I'm displeased with the bank because they said the funds were available," Jackson said.But a few days later, the women got some bad news from PNC Bank. "They said the ,000 check was insufficient, and that you have overdraft fees," Jackson said. In addition, she says the bank was asking her mother to return ,000 to them before they would allow her further access to her account — money she no longer had.It was all a scam.Warning signs of a PCH scam 1716

The Dominican Republic's top tourism official on Friday downplayed a spate of deaths among American tourists as an exaggeration."It's not true that there has been an avalanche of American tourists dying in our country, and it's not true that we have mysterious deaths here," Tourism Minister Francisco Javier Garcia told reporters.Garcia said toxicology reports were still pending in some cases but that autopsy results and causes of death have been released. He said his country has been in constant communication with US Embassy officials.The characterization in some media outlets of an "avalanche of deaths does not correspond to reality," he said.At the news conference, the minister read the names of the Americans who have died in the past year, with the official cause of death -- noting that all died of natural causes.Garcia said Americans are not canceling their vacations to the Dominican Republic. His country was working to clear up what he called misrepresentations and "exaggerated" reports about the deaths."We want the truth, not a special treatment," he said.At least nine American citizens have died at Dominican Republic resorts -- or after falling ill at one -- over the past year, according to information from the US State Department, victims' family members and the resorts involved.The deaths have left some Americans wondering if they should cancel upcoming trips to the Caribbean nation.Officials there have called the deaths isolated events as they work to reassure travelers their country is safe.Of the nine Americans who have died while or after visiting a Dominican Republic resort since June 2018, it's not clear how many deaths owed to natural causes.Samples taken from at least one minibar at the Bahia Principe Hotel were being tested by the FBI as part of the agency's collaboration with Dominican authorities, the country's public health ministry said this week.Officials in the Dominican Republican or the United States have not said the deaths are connected.Three of the Americans died at the Bahia Principe resort in La Romana within days of each other. Two died at the Hard Rock Hotel & Casino in Punta Cana.The investigations into the deaths have included visits from health inspectors, including environmental health and epidemiology specialists, according to Carlos Suero, spokesman for the public health ministry.The State Department has a standing travel advisory for the Dominican Republic, urging travelers to have caution because of crime, but it has not issued a travel alert specific to the traveler deaths.From 2012 to 2018, 128 Americans died in the Dominican Republic from something other than natural causes, according to US State Department statistics. That averages about 18 annually.The Dominican Republic is one of the Caribbean's top tourism destinations, with more than 6 million stopover tourists last year, including 2.2 million Americans, according to the Caribbean Tourism Organization.Tourism represented more than 17 percent of the country's economy last year, according to the World Travel & Tourism Council. 3098
The dog who played Cheddar on "Brooklyn Nine-Nine" has died. He was 13 years old. "We went to the beach (his favorite place) where he frolicked in the surf and then enjoyed a picnic lunch of In & Out burgers. We relaxed in the sun and just enjoyed each other's company," the dog's owner said on Instagram. Our veterinarian met us there later and Stewart went to sleep peacefully in my arms while listening to the sounds of the ocean."Stewart wasn't the only dog to take on the role, but he played the part the longest, according to TMZ. "My precious boy Stewart crossed the rainbow bridge today," his owner shared on Instagram.Cheddar was pet to Captain Raymond Holt and his husband on the show. 712
The father of a Sarah Lawrence College student was indicted on charges Tuesday for allegedly manipulating, abusing and extorting his daughter’s friends and other victims in a scheme netting him about million over nearly a decade, Manhattan U.S. Attorney Geoffrey Berman said.Lawrence Ray, 60, coerced false confessions from at least seven victims who admitted damages to him, his family, or friends and then extorted restitution in large sums of money, unpaid labor or prostitution, 498
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