The Vermont Chapter will receive a Continuing Publication Commendation from the Construction Specifications Institute (CSI) for its monthly newsletter, Green Mountain Specifier. Christopher Eling, CSI, CDT, editor of the newsletter, will accept the award April 21, 2004 during the Opening General Session of The 48th Annual CSI Showä & Convention.CSI presents a Continuing Publication Commendation to individuals, chapters, firms, or organizations for outstanding publications in areas related to the Institute. The Vermont Chapter nominated Eling and the Green Mountain Specifier for:- Consistently providing the construction community with news from the chapter, region, and Institute- Publishing technical and educational articles by members and industry experts- Reviewing past, present and future chapter programs- Recognizing new members- Promoting and recognizing certification and member accomplishmentsThe Green Mountain Specifier is published 10 times each year.Eling has been a member of CSI for three years, and works for Peter Morris Architect in Vergennes, VT.The Opening General Session will take place on Wednesday, April 21, in Chicago, and will be open to the public. For more information about the Show & Convention, visit www.thecsishow.com(link is external).The Vermont Chapter of the Construction Specifications Institute will receive both of this year’s Chapter Cup awards during the Institute’s Annual Meeting on Saturday, April 24th in Chicago. CSI awards two Chapter Cups each year to recognize the chapters that grew the most during the previous calendar year. Because one cup is awarded based on percentage growth in membership, and the other based on net growth, it is unprecedented that a single chapter wins both cups in one year.The Vermont Chapter grew from 57 to 126 members last year, a 122 percent increase. The Vermont Chapter was chartered in May 1968 with 30 members. The chapter has been active and growing in recent years, and was able to take home Chapter Cup awards for highest percentage growth in 2000 and 2001.Vermont leaders credit their success to a strong continuing education program for construction practitioners and efforts to reach students in construction-related programs at Norwich University and Vermont Technical College.About CSICSI is a national association of specifiers, architects, engineers, contractors, building materials suppliers and others involved in nonresidential building design and construction.
When growth will resume depends “on the containment measures put in place, as well as the success of those measures, and on the responses of other policies, including fiscal policy.”Since then, Congress has approved three support packages, including a massive US$2.2 trillion rescue measure that puts money into unemployment insurance and emergency lending for small businesses to pay workers.Despite the severity of the current crisis, members of the Fed’s policy-setting Federal Open Market Committee said the US economy and banking system were on solid footing.Read also: Government debt issuance to triple to $62b as Indonesia fights COVID-19Some officials viewed the pandemic as “not directly comparable with the previous decade’s financial crisis and it need not be followed by negative effects on economic activity as long-lasting as those associated with that crisis.”Some committee members were reluctant to cut the interest rate by a full point less than two weeks after lowering it a half point, concerned in part about the negative signal that would send about the economic outlook.But the majority favored a “forceful” response, including the measures the Fed has taken to pump huge amounts of liquidity into the US financial system, to help support businesses facing cash shortages.They worried about low-income households with “less of a savings buffer” making them “more vulnerable to a downturn in the economy.”Topics : The uncertainty around the global coronavirus pandemic’s duration and severity creates “major downside risks” to the US economy, the Federal Reserve said Wednesday.The United States is sure to take a hit in the near term as businesses are forced to close and consumers are confined to their homes, the Fed said in the minutes of the March 15 emergency policy meeting, when the central bank slashed the benchmark interest rate to zero.But while the shutdowns imposed to contain the virus create hardship for businesses and households, they should not have the lasting impact that was seen in the wake of the global financial crisis in 2008, Fed officials said. Read also: BI expects rebound in foreign capital flows later this yearThough central bankers worried that the containment efforts would spread to other areas of the country and have a ripple effect on the economy, the meeting was held before the most stringent lockdowns were imposed in most states.In the final two weeks of March, nearly 10 million people filed for unemployment benefits, and economists expect the jobless rate to hit double digits this month.But at the time of that emergency meeting – the second unscheduled meeting last month, which was held on a Sunday – officials said, “The unpredictable effects of the coronavirus outbreak were a source of major downside risks to the economic outlook.”