The effect of meltwater plumes on the melting of a vertical glacier face

first_imgFreshwater produced by the surface melting of ice sheets is commonly discharged into ocean fjords from the bottom of deep fjord-terminating glaciers. The discharge of the freshwater forms upwelling plumes in front of the glacier calving face. We simulate the meltwater plumes emanated into an unstratified environment using a non-hydrostatic ocean model with an unstructured mesh and subgrid-scale mixing calibrated by comparison to established plume theory. The presence of an ice face reduces the entrainment of seawater into the meltwater plumes, so the plumes remain attached to the ice front, in contrast to previous simple models. Ice melting increases with height above the discharge, also in contrast to some simple models, and we speculate that this ‘overcutting’ may contribute to a tendency of icebergs to topple inwards toward the ice face upon calving. The overall melt rate is found to increase with discharge flux only up to a critical value, which depends on the channel size. The melt rate is not a simple function of the subglacial discharge flux, as assumed by many previous studies. For a given discharge flux, the geometry of the plume source also significantly affects the melting, with higher melt rates obtained for a thinner, wider source. In a wider channel, two plumes are emanated near the source and these plumes eventually coalesce. Such merged meltwater plumes ascend faster and increase the maximum melt rate near the center of the channel. The melt rate per unit discharge decreases as the subglacial system becomes more channelised.last_img read more

Canada’s Kim Farlinger and Ibalius 2nd in Rising Star Classic

first_img SIGN UP Subscribe to the Horse Sport newsletter and get an exclusive bonus digital edition! Email* Horse Sport Enews More from News:MARS Bromont CCI Announces Requirements For US-Based RidersThe first set of requirements to allow American athletes and support teams to enter Canada for the June 2-6 competition have been released.Canadian Eventer Jessica Phoenix Reaches the 100 CCI4*-S MarkPhoenix achieved the milestone while riding Pavarotti at the inaugural 2021 CCI4*-S at the Land Rover Kentucky Three-Day Event.Tribunal Satisfied That Kocher Made Prolonged Use of Electric SpursAs well as horse abuse, the US rider is found to have brought the sport into disrepute and committed criminal acts under Swiss law.Washington International Horse Show Returns to TryonTIEC will again provide the venue for the WIHS Oct. 26-31 with a full schedule of hunter, jumper and equitation classes. Germany’s Wilhelm Genn closed out the 2021 $5,000 1.30M Rising Star Classic series with a win aboard the scopey Van Gogh in the The Ridge at Wellington Turf Tour Finale which runs March 24 – 26, 2021.As his namesake once painted stars in the night sky, Van Gogh’s massive stride and brilliant bascule painted his course over the jumps and resulted in a blazingly fast second round clear to secure the pair their second win of the season in the class. Friday’s competition at Polo West will mark the final day of the 2021 Turf Tour and will include an end of season competitor’s party catered by RV Advisors of Broward County.Genn and Van Gogh were the final combination to tackle the course designed by Leopoldo Palacios. The track, which began with a vertical rollback to an oxer, also featured a number of one and two strides, bending line oxer to verticals, and a triple combination oxer-vertical-vertical to close out the first round. Catherine Pasmore and Nestor were the first double clear, setting the standard at 34.282 seconds in the jump-off. Kim Farlinger was the next to top the leaderboard, piloting Ibalius SMH to a final time of 32.533. The Genns then swept in late in the afternoon to post numerous double clear efforts, with student Natalie Thornell aboard Snow White finishing in 34.210 seconds to end fourth. Ryan Genn and Coco Chanel M jumped to third in 32.842, and Wilhelm Genn and Van Gogh split the second close to its origin on 32.082, leaving Farlinger and Ibalius SMH in second.“It was a good day, I didn’t fall off and the horse jumped really well,” said Wilhelm Genn. “The Turf Tour reminds me of showing in Europe when I was younger, its a great experience and so nice to get the horses out on the grass at different venues. Our barn and students really enjoy this event during our time in Wellington.”The 2021 Wellington Turf Tour features 13-weeks of jumper competition at all heights and prize money classes including weekly $15,000 1.40M Grand Prix, $5,000 1.30M Rising Star Classics, and $3,000 1.30M Speed Stake, all held at beautiful venues in Wellington.Complete results here. Tags: Kim Farlinger, show jumping, Wilhelm Genn, Van Gogh, Turf Tour, Ibalius SMH, 1.30M Rising Star Classic, We’ll send you our regular newsletter and include you in our monthly giveaways. PLUS, you’ll receive our exclusive Rider Fitness digital edition with 15 exercises for more effective riding.last_img read more

Russian Corvette Project 20380 Boiky Resumes Builders Sea Trials

first_img View post tag: trials View post tag: builders Back to overview,Home naval-today Russian Corvette Project 20380 Boiky Resumes Builders Sea Trials February 11, 2013 View post tag: Resumes View post tag: sea Russian Corvette Project 20380 Boiky Resumes Builders Sea Trials View post tag: Boiky View post tag: Corvette Industry newscenter_img View post tag: Naval The crew of the new Russian Stealth corvette Project 20380 Boiky under the command of captain of the 2nd Rank Sergey Lipsky continues builders…[mappress]Source: Russian Navy, February 11 2013; Image: flot View post tag: 20380 View post tag: Russian View post tag: News by topic View post tag: Navy View post tag: project Share this articlelast_img read more

Craft distilleries hoping for permanent tax break before 2021

first_img Craft distilleries hoping for permanent tax break before 2021 Google+ Previous articlePortage man charged after allegedly firing gun near toddlersNext articleBoil order in effect for parts of Cass County Michigan Network Indiana Facebook By Network Indiana – November 15, 2020 0 256 IndianaLocalNews Pinterest WhatsApp Google+ WhatsApp Twitter By Paul Joseph from vancouver, bc, canada (08-mar-31) [CC BY 2.0 ], via Wikimedia Commons Craft distilleries across Indiana could be in for a tough time next year unless Congress takes action.In 2017, the federal government passed the Craft Beverage Modernization and Tax Reform Act, which significantly lowed excise taxes on craft beer, wine, and distilled spirits. But, the law expires on January 1, 2021.That could be a crushing blow to many craft beverage makers in Indiana, especially with the coronavirus pandemic to consider on top of that.“Our entire business model changes with the lockdowns and just the way the pandemic has affected the country,” said David McIntyre, the owner of West Fork Whiskey Company in Indianapolis. “My goal is to never have to furlough or let any employees go, but a 400-percent increase is pretty substantial.”McIntyre told WISH-TV the pandemic has made things tough and they tried to supplement their losses with curbside pick up and new menu options. Still, even with that, it’s not enough to make up completely.“Paying that much in excise tax would cripple many distilleries,” he added. “And then you also see consumers suffer from the consequences of that because the only way to get through it would be to increase the price of all our products to make up for that tax.”McIntyre, along with many other craft beverage makers throughout the U.S., is hoping Congress will renew the Craft Beverage Modernization and Tax Reform Act to make the tax cuts it provides to small distilleries, such as his, permanent. Twitter Pinterest Facebooklast_img read more

Press release: PM joins ‘Christchurch Call to Action’ on online terror

first_imgThe Prime Minister’s involvement in the Summit is the latest example of UK leadership on this issue. Previous UK-led action includes encouraging the establishment of the Global Internet Forum to Counter Terrorism, led by Facebook, YouTube, Twitter and Microsoft, which was created in the aftermath of the Westminster terror attack, and the development of new technology to automatically detect Daesh video propaganda.In September 2017, the Prime Minister joined President Macron and then Prime Minister Paolo Gentiloni in convening the first ever UN Summit of government and industry to move further and faster in reducing the time it takes to remove terrorist content online, and to increase significantly their efforts to stop it being uploaded in the first place.Last month the Government also published its Online Harms White Paper, unveiling tough new measures to ensure the UK is the safest place in the world to be online. In the first online safety laws of their kind, which the UK urges other countries to follow, social media companies and tech firms will be legally required to protect their users and face tough punishment if they do not comply.Finally, on the ability to find technical solutions the Prime Minister is expected to say: The Prime Minister will today (Wednesday) join world leaders and internet companies for a Summit in Paris on tackling terrorist use of the internet.The Online Extremism Summit was prompted by the Christchurch mosque attacks in March, which killed 51 people and was livestreamed on Facebook.The Summit will focus international efforts to stop social media being used to organise and promote terrorism, with attendees expected to sign up to a joint pledge, called the “Christchurch Call To Action”, to eliminate terrorist and violent extremist content online.Speaking ahead of the event Prime Minister Theresa May said: The event has been convened as new analysis from the Home Office can reveal a white nationalist and neo-Nazi discussion forum – which is not being named for operational reasons – has seen more than 12 million posts in response to almost one million individual threads, and amassed more than 800,000 visits in just one month, with 10 per cent appearing to originate from the UK.UK Government analysis has also highlighted how a variety of different platforms and a wide range of anti-establishment themes are being used to lure in a broader audience, and expose them to Far Right material, further underlining the need for enhanced co-operation to keep pace with emerging threats and deal with extremist content before it reaches illegal terrorist thresholds.On the need to tackle the changing use of the internet by the Far Right, the Prime Minister is expected to tell the Summit: The event will be co-chaired by French President Emmanuel Macron and New Zealand Prime Minister Jacinda Ardern. Also expected to attend are Canadian Prime Minister Justin Trudeau, European Commission President Jean-Claude Juncker, King Abdullah II of Jordan, Twitter Chief executive Jack Dorsey and Facebook Head of Global Affairs, Nick Clegg.In her intervention at the Summit the Prime Minister is expected to raise concerns about the growing threat posed by the Far Right, and call for greater progress to develop technical solutions and better collaboration between online platforms.She will also call for countries to take forward a shared, international approach to regulation, and follow the lead set by the UK’s pioneering Online Harms White Paper, which would create a legal duty of care on internet companies for the first time.On the need for international action the Prime Minister is expected to say: I want the internet to be a safe place for all our citizens. That’s why we announced plans for new legislation in the UK – creating a legal duty of care on internet companies to keep users safe from harm. This will be backed up an independent regulator with the power to enforce its decisions. We are the first country to put forward such a comprehensive approach, but it isn’t enough for us to act alone. The internet is global and online threats have no borders. Companies should be held to consistent international standards, so their customers enjoy the same level of protection wherever they live.center_img In 2017 – in the wake of five appalling attacks in the UK – I called for a much greater co-ordinated global response to fight back against Daesh propaganda online. Many of the companies here today responded – and, in part thanks to the action you took, last year Daesh propaganda was at its lowest levels online since 2015. That shows us what is possible. Our work here must continue in order to keep pace with the threat. But we also need to confront the rise of the Far Right online. The sickening attacks on Muslim worshippers in Christchurch shocked the world. That 1.5 million copies of the video had to be removed by Facebook – and could still be found on Youtube for as long as eight hours after it was first posted – is a stark reminder that we need to do more both to remove this content, and stop it going online in the first place. While we have seen significant progress on this issue since the terror attacks on the UK in 2017, the livestreaming of these attacks exposed gaps in our response and the need to keep pace with rapidly changing technological developments. My message to governments and internet companies in Paris will be that we must work together and harness our combined technical abilities to stop any sharing of hateful content of this kind. All of us here recognise the tremendous potential of technology as a force for good in the world. I profoundly believe in the internet as a place for creativity and new ideas. We have seen what can be achieved when we work together. Collectively, we have the knowledge and expertise to find solutions. Let us be ambitious and steadfast in our determination to ensure that this technology, which can do so much good, isn’t weaponised by those who wish to inflict pain and suffering.last_img read more

Press release: Largest testing programme for coronavirus publishes its initial findings

first_img Young adults, aged 18 to 24, were more likely to test positive than other age groups, reinforcing the need for this age group to adhere to social distancing measures to protect vulnerable friends and family Those of Asian ethnicity were more likely to test positive than those of white ethnicity. It is possible that higher infection rates have contributed towards the higher death rates observed in this ethnic group Care home staff and healthcare workers were more likely to be infected with COVID-19 during lockdown than the general population, at a time when the public was following government advice to stay at home, therefore limiting their exposure to the virus. Those who had patient-facing roles were more likely to be in contact with known cases as part of their work Community testing is a vital step in ongoing efforts to mitigate the pandemic, but to be successful this must be based on robust scientific evidence and sound statistics. Through this surveillance programme with DHSC and Ipsos MORI we’re gathering the critical knowledge base necessary to underpin community testing and facilitate a greater understanding of the prevalence of COVID-19 in every corner of England. The report provides an insight into who was infected with the virus between 1 May and 1 June over lockdown, comparing geography, age, sex, ethnicity, key worker status and symptoms.The key findings include: Kelly Beaver, Managing Director, Public Affairs at Ipsos MORI, said: This first report provides a baseline for further research and the information will provide local authorities with a clearer picture of the spread of the virus to help inform measures tailored to limit its spread and save lives.The study has also been upscaled and repeated for the month of June, with a report expected within weeks.In the second part of the programme (REACT-2), a number of different antibody tests have been assessed for their accuracy and ease of use at home. These tests look for evidence that someone has been infected in the past. This has been rolled out to 100,000 people to identify the levels of antibodies against the virus that causes COVID-19 in the general public.Background information At home community testing at this scale has not been delivered before across England. As a partnership between DHSC, Imperial College London, and Ipsos MORI it has taken significant innovation, perseverance and skill to ensure it has been a success, with lessons learned feeding into future phases of this study and shared with the wider academic community through a transparent publication process. We want to thank all the study participants for their time, and contribution, it has been fantastic to be engaging with the public at this scale on an issue of such national importance. The report also shows anyone who had recent contact with a known COVID-19 case was 24 times more likely to test positive than those with no such contacts.The NHS Test and Trace service is therefore playing an integral role in stopping the virus from spreading further having already contacted 130,000 people at risk of unwittingly transmitting the virus and advising them to self-isolate.The Real-time Assessment of Community Transmission (REACT-1) programme is the largest, most significant piece of research looking at how the virus is spreading across the country.It was commissioned by DHSC and carried out by a world-class team of scientists, clinicians and researchers at Imperial College London, Imperial College Healthcare NHS Trust and Ipsos MORI.Professor Paul Elliott, FMedSci, Director of the programme at Imperial College London, said: There were no significant differences seen between males and females and no significant evidence of geographic clustering although measured levels were highest in London and lowest in the South West 69% of people testing positive reported no symptoms on the day of the test or the previous week. However, they may have developed symptoms later on and it doesn’t show how infectious they might have been at this time The Health Secretary has today welcomed the findings of the largest study to date into coronavirus rates of infection by Imperial College London.The research, which examined levels of infection in the general population in England, has been posted by Imperial College London. The report will undergo peer review before a final report is published.Imperial’s research shows the rates of infection fell during May, the last month of lockdown, halving every 8 to 9 days. There were on average 13 positive cases for every 10,000 people, with an overall reproduction number of 0.57 – lower than previously reported.These findings show the virus was circulating with relatively low prevalence and was declining in May, ahead of the decision being made to begin to lift lockdown restrictions.Health and Social Care Secretary Matt Hancock said: In the first report from REACT-1, over 120,000 randomly selected people over the age of 5 from across England volunteered to provide nose and throat swabs. These were tested for antigens indicating the presence of the virus to show whether someone is currently infected with COVID-19 In line with government guidance those with positive test results and their household were asked to self-isolate This study was upscaled and repeated at the end of June with 150,000 participants The pre-print report can be accessed at www.medrxiv.org The report was commissioned by DHSC and carried out by a world-class team of scientists, clinicians and researchers at Imperial College London, Imperial College Healthcare NHS Trust and Ipsos MORI More information on the REal-time Assessment of Community Transmission (REACT) programme of work can be found at www.reactstudy.org This study falls under pillar 4 of the COVID-19 National Testing Programme, which focuses on mass surveillance in the general population. This is the first study which looks at a representative cross-section of the whole population Read a summary of the results on GOV.UK Other key findings include: Health Secretary welcomes initial findings from Imperial College London suggesting there was a significant reduction of the virus before lockdown restrictions were eased Findings provide a baseline for further research into how the virus is spreading in England This ambitious testing programme will help us better understand the spread of the virus to date, predict how it may spread in the future and inform our response to the pandemic. It shows the impact our national lockdown efforts have had and demonstrates that we have taken the right actions at the right time. As a country we have made great strides towards beating this virus but we mustn’t take our foot off the pedal, and such studies will be vital as we continue to fight this virus.last_img read more

Midville Field Day 2020

first_imgUniversity of Georgia faculty will share the latest research on cotton, soybeans, corn and other southeast Georgia crops during the annual Southeast Georgia Research and Education Center Field Day held online Aug. 12.Research and Extension faculty will present current research conducted at the Midville facility to include agronomic, pest and disease management of row crops as well as plant breeding and variety trials.“The Southeast Georgia Research and Education Center at Midville has always strived to provide Georgia farmers with sound and reliable agricultural research relevant to east Georgia soils and weather conditions,” said Midville Superintendent Anthony Black. “It has been an annual tradition to showcase this great research through our face-to-face field day. However, due to COVID-19, we will be offering the same program, only through virtual means.”The 700-acre research center located in Burke County allows scientists from UGA’s College of Agricultural and Environmental Sciences to conduct various research projects on many commodities, including wheat and small grains. UGA Cooperative Extension agents also assist with research trials in the area and disseminate timely updates to producers.To register for the Midville Field Day or learn more, visit t.uga.edu/6b4. Registrants will receive an email containing a link to the field day presentations at a later date.Presentation topics and faculty include:Precision agricultureImplementation of variable rate irrigation models at Midville — Wesley Porter, associate professor and Extension precision agriculture specialistPlanting speed and downforce effect on seed placement in cotton and peanuts — Simerjeet Virk, assistant professor and Extension precision agriculture specialistPests and diseasesCotton insect pest management — Phillip Roberts, Extension cotton entomologistEvaluating lesser cornstalk borer management tactics in southeast Georgia — Mark Abney, peanut entomologistDisease management for row crops — Bob Kemerait, plant pathology professor and Extension specialistCover crops and soil healthLong term cover crop rotation — Peyton Sapp, Burke County Extension agent, and Pam Sapp, Jefferson County Extension agentDetermining the relationship between cover crops and soil moisture — Jason Mallard, Screven County Extension agentOptimizing management practices to improve plant nutrition and soil health in cotton production systems in Georgia — Henry Sintim, assistant professor of soil fertilityImpact of tillage practices on peanut in east Georgia — Scott Monfort, Extension peanut agronomistPlant breedingIncorporating strong pest and disease resistances from wild species into elite peanut cultivars — David Bertioli, professor and Georgia Research Alliance and Georgia Seed Development distinguished investigatorLarge-scale corn hybrid trial — Corey Bryant, Extension grains agronomistSoybean breeding for drought tolerance — Zenglu Li, Georgia Seed Development professor in soybean breeding and genetics, and Ethan Menke, Institute of Plant Breeding, Genetics and Genomics doctoral candidateOn-farm cotton variety trial, Midville with — Jason Mallard, Screven County Extension agent, and Pam Sapp, Jefferson County Extension agentCrop managementCotton management systems trial — Steven Powell, Treutlen County Extension agent, and Savannah Tanner, Emanuel County Extension agentEvaluation of replanting strategies for cotton — R. Scott Tubbs, crop and soil sciences professorlast_img read more

Carmichael project prompts Australian engineering firm to cut ties with Adani

first_imgCarmichael project prompts Australian engineering firm to cut ties with Adani FacebookTwitterLinkedInEmailPrint分享The Guardian:The global engineering and consultancy firm Aurecon has severed a longstanding business relationship with the Adani Group, amid ongoing efforts by anti-coal activists to target firms working for the Indian conglomerate’s Australian mining arm.Adani Australia released a statement on Wednesday saying it was “surprised” by the decision but that the “concerted campaign” against the Carmichael project by environmental groups had not succeeded, and that construction of the central Queensland thermal coalmine was under way.But the decision is likely to buoy activists groups’ efforts to convince other major contractors to walk away. Their current focus is on another engineering consultant, GHD, which is working on the design of the mine.Julien Vincent, the executive director of Market Forces, an investor action group, said the stance taken by Aurecon “certainly doesn’t surprise us. Adani’s Carmichael coalmine project, along with the company’s corporate record make it brand kryptonite for any company that they are associated with,” Vincent said. “Aurecon joins a long list of companies to have walked away from the Carmichael project, or ruled out providing financial support to Adani’s dirty coalmine.”Aurecon had not been directly involved in the Carmichael mine – it had been the engineering, procurement and construction contractor at the Abbot Point coal terminal since 2005. Adani bought the terminal in 2011.There are relatively few engineering firms with the capacity to design and build Carmichael. Another global firm, AECOM, had been designing a railway between Carmichael and Abbot Point, but walked away amid a financial dispute. A deal with integrated services firm Downer EDI collapsed in 2017 after the company was pressured by activists.More: Global engineering firm Aurecon cuts ties with Adani amid pressure from activistslast_img read more

Colombia Strikes Narcotrafficking in Territorial Waters

first_imgBy Myriam Ortega/Diálogo March 03, 2017 The Colombian Armed Forces on January 24th delivered two serious blows to narcotraffickers operating in Colombian waters: more than 800 kilos of cocaine were seized in the Pacific, and around half a ton in the Caribbean. During their attempted escape from authorities near the municipality of Tumaco, on the Colombian Pacific, four Ecuadoreans and a Colombian threw overboard 30 sealed and tied packages of cocaine. The Rapid Response Unit of the Tumaco Coast Guard Station found the cargo and the men, who were placed under arrest for booking. “The preliminary initial test results were positive for cocaine hydrochloride, with a weight of 833 kilograms. The seized drugs would have gone first to the Central American markets, and then to North America,” Rear Admiral Carlos Gustavo Serrano Álvarez, commander of the Poseidon Anti-Narcotrafficking Task Force told Diálogo. Coordination and cooperation The success of the operation can be attributed to collaboration among the different branches of the Colombian military. “A coordination mechanism has been created which involves all the institutions, the Colombian Army, Air Force, Police, and Navy to focus our efforts on the fight against narcotrafficking, starting with the eradication of illegal crops, to the processing of the basic paste, the crystallization of hydrochloride, and the packing and shipment to other countries,” Rear Adm. Serrano stated. “Currently, the records of this joint effort show more than five tons seized in this part of the country.” This is a strong effort, as underlined by the numbers recorded. “The past year has seen excellent numbers from the Pacific Navy: between the Panamanian and Ecuadorean borders almost 120 tons [of drugs], worth almost $4 billion, were seized. In the past year, as the Ministry of Defense has stated, 369 tons were seized. Here in the Tumaco area, in particular, we recorded almost 23 tons,” he said. The value provided by cooperation with foreign armed forces is the key. “This fight is significant not only because of what is materially seized but also because of the importance of its focus on our relationships with other countries, such as Ecuador, the United States, and Central American countries, with whom we share timely information that allows rendering of accounts of shipments seized in the Pacific Ocean,” emphasized Rear Adm. Serrano. “Of those 120 tons, a large part is due to this coordination mechanism.” Almost half a ton of cocaine in the Caribbean On the same day as the Pacific operation, authorities in the Colombian Caribbean discovered a shipment of 490 kilograms of cocaine hydrochloride being transported in a “go fast” boat. The boat, which traveled within seven miles of the coast en route to Panama, was intercepted by units from the Urabá Coast Guard Station, the Caribbean Fleet, and the 16th Marine Corps, under the operational control of the 73rd Anti-Narco Trafficking Task Force “Neptuno”. The boat’s crew was handed over to the attorney general’s office for prosecution. The arrestees belonged to the Caimán Nuevo indigenous community, based in Necoclí, showing that narcotrafficking networks are poisoning even the ancestral values of local communities. The 73rd Neptuno, created three years ago by the Colombian Navy, has jurisdiction over the entire Colombian Caribbean. “When we have a situation with [these] characteristics –vessels traveling at a certain time from particular places – we always consider it an opportunity; in this case, the Coast Guard directly [detained] this vessel, and found a quantity of product aboard, which was seized,” Rear Admiral Juan Francisco Herrera Leal, commander of Neptune, told Diálogo. The operation was yet another task force achievement. “This year we’ve carried out more than six maritime interdiction operations, through which we have impounded a total of almost three tons of cocaine hydrochloride. But we’ve also had success in finding a “parasite,” as we call a device [used to hide drugs] that is installed under the hull of internationally flagged vessels, discovered during a diver inspection at a Colombian Navy checkpoint in the Gulf of Urabá,” Rear Adm. Herrera said. “With this seizure, the Colombian Navy deprived criminal groups of $16 million in earnings,” reported the Navy’s press secretary in a release.last_img read more

Digitally planning for the PPP process

first_imgOn June 5, 2020, in a rare display of bipartisanship, updates to the Paycheck Protection Program (PPP) were signed into law. Under the CARES Act, the Small Business Association (SBA) implemented PPP to combat the economic fallout of COVID-19. It provides small businesses with the necessary funds for payroll, benefits, rent, utilities and interest on mortgages. These loans can be forgiven under certain qualifications.Aptly named, the PPP Flexibility Act is designed to ease some burdens on small businesses who still needed more leeway. Changes include:Reducing the amount of the loan needed to be spent on payroll to 60%Extending the period to spend funds to 24 weeks (ending Dec. 31, 2020)Easing rehire requirementsAllowing borrowers to delay paying payroll taxesExtending the repayment term from two to five years if loans are not forgivenWhile the August 8 application deadline remains in effect, these modifications can be a victory for small businesses. Lenders tracking the PPP process for their customers will need to take these changes into consideration, in addition to the compliance challenges and attention to detail the program demands. But using digital tools at an institution’s disposal can ease the process and ensure these loans are carried out, managed and forgiven as appropriate. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more