General Electric mulls launch of cross-border IORP

first_imgExxonMobil was also considering a move to Belgium.Den Bakker said the Dutch sponsor and employee representatives were now considering future options for the Dutch fund, which has €290m in assets.She added that the sponsor was awaiting a decision from employee representatives, and that, once their stance became clear, the fund’s future would be evaluated.The move comes after the Dutch fund suffered a decline in membership – nearly halving from 1,034 at the end of 2013 to around 650 – after GE sold off part of its Dutch business and moved production out of the country.Plans to transfer the pension benefits of employees at GE Artesia Bank, a provider of trade finance, to the main GE scheme were abandoned after they proved infeasible, Den Bakker said.GE Artesia Bank was recently revealed as one of the firms discussing the launch of a new ‘general pension fund’, or APF, covering companies within the financial sector.GE Pensioenfonds had close to 2,000 members at the end of 2014.As of late June, its policy coverage ratio stood at 105.6%.GE declined to comment when approached by IPE sister publication Pensioen Pro. General Electric is considering the launch of a cross-border pension fund based in Belgium.The plans, mentioned in the Dutch GE Pensioenfonds 2014 annual report, could see future accrual for several European countries shift to a Belgium-domiciled vehicle, according to pension fund chair Yvonne den Bakker.GE is the latest company to consider the launch of a cross-border fund for its Dutch scheme.Aon Netherlands recently angered employees after deciding to establish a vehicle in Brussels despite its workers’ council still debating the move.last_img read more

Read More →

NEW: Comprehensive 2020 Report on Results of Legalisation of Cannabis Overseas

first_imgThe Smart Approaches to Marijuana (SAM) NZ Coalition which is leading the NO vote against cannabis legalisation in the upcoming referendum has released a new report “Lessons From Cannabis Legalisation 2020”, a comprehensive study of the data outcomes in ‘legalised’ marijuana states in the U.S., and recent developments since legalisation in Canada and Uruguay, the only two countries in the world who have legalised recreational cannabis use.This study, validated by researchers from institutions such as Harvard and Johns Hopkins University, and using governmental data and the latest peer-reviewed studies, finds that the U.S. states that have legalised marijuana are witnessing rising use rates, thriving black markets, and harms among disadvantaged communities. This is also the early evidence from Canada and Uruguay.This report which has almost 250 references will serve as an eye-opener for the New Zealand public and gives very persuasive evidence for voting no in the referendum. The legalisation of marijuana has had significant costs both fiscally and in terms of social and health harms. It is clearly evident that cannabis legalisation is a failed policy.The report highlights research showing that cannabis – which has skyrocketed in average potency over the past decades – is addictive and harmful to the human brain, especially when used by adolescents. In U.S. states that have already legalised the drug, there has been an increase in drugged driving crashes, youth marijuana use, costs that far outweigh tax revenues from cannabis, and sustained marijuana arrest rates. These states and also Uruguay and Canada have seen a black market that continues to thrive, and tobacco company investment in cannabis.This report moves past the spin from cannabis industry proponents who want to normalise and profit from drug use in our communities. At a time when New Zealand’s mental health system is bursting at the seams, why would we go and legitimise a mind-altering product which will simply add to social harm?The report is produced by the SAM-NZ Coalition, in conjunction with research from Smart Approaches to Marijuana (SAM) in the U.S.Smart Approaches To Marijuana NZ (SAM-NZ) is an alliance of community organisations and leaders in New Zealand (including ex-addicts, educators, ex-police, addiction counsellors, health professionals and community workers) who oppose any attempt to legalise cannabis, based on reputable science and sound principles of public health and safety.DOWNLOAD THE REPORTlast_img read more

Read More →

P36-M evacuation center urned over to Bacolod LGU

first_imgDelfinado said the RECs would serve astemporary shelters of those displaced by calamities such as volcanic eruption,flooding, landslide, storm, etc. DPWH Region 6 director Lea Delfinadoled the turnover. Mayor Evelio Leonardia received the symbolic key. BACOLOD City – The Department ofPublic Works and Highways (DPWH) turned over yesterday to the city government aP36-million Regional Evacuation Center (REC) in Barangay Vista Alegre. The evacuation center is the fifth inNegros Occidental, said Delfinado. The others are in San Enrique town and inthe cities of Sagay, Bago and Kabankalan. The RECs have the same design. Theyare made up of eight buildings with beds, separate male and female toilets andbath, generator rooms, pump rooms, laundry areas, materials recoveryfacilities, offices, and infirmaries. The budget for the construction camefrom the national government, said Cong. Greg Gasataya. The evacuation center here sits on a3,000-square meter lot owned by the city government./PNlast_img read more

Read More →

Chicken and Beef Supper planned in Batesville

first_imgBatesville, In. — St. Paul’s Lutheran Church (Crossroads) at 664 S State Road 229 in Batesville is holding a Chicken and Beef Supper Saturday, April 6 from 4:30 to 7:30 p.m. The menu includes chicken or roast beef, mashed potatoes, gravy, vegetables and salads.Eat in for a free will offering, carry outs are $10 and kids under 10 are $5.last_img

Read More →

Messi: I almost quit Barca in 2017

first_imgRelatedPosts Vidal lands in Milan to complete move from Barca to Inter Barca president Bartomeu says he won’t go to war anymore with Messi Messi wins court case against cycling company over logo Lionel Messi has spent 18 long and successful years with his beloved Barcelona, winning everything there is to win in world football.But it emerged last year that his remarkable spell at the Catalan giants could have been cut short in 2017. The 32-year-old admitted that he wanted to quit the club while being embroiled in a tax row with the Spanish government.The Argentinian was originally given a 21 month prison sentence for tax fraud after Messi and his father, Jorge, were found guilty of defrauding Spain of €4.1 million between 2007 and 2009.The sentence was eventually reduced to a €252,000 fine and in a recent interview with RAC1, Messi spoke about wanting to leave Spain because of how he was “mistreated”.“At that time, with the mess of the treasury, I wanted to leave, not for wanting to leave Barca but wanting to leave Spain.” he said.“‘I felt that I was being very mistreated and I didn’t want to stay here. I never had an official offer because because everyone knew my idea to stay here.” As Messi pointed out, the five time Ballon d’Or winner received no offers elsewhere and ended up staying at the Nou Camp, so it is a case of ‘what could have been’ for the forward.He spoke further about the tax fraud case during the interview.“It was very difficult for me and my family because people don’t know much about what’s going on.” he said.“The truth is that it was hard for everything that happened but it is better that my children were small and did not know.”Messi confirmed that he now wants to stay with Barcelona until the end of his career. “Today my idea and that of my family is to end here.” he told RAC1.“Especially first because of how I am in the club, how I feel in the club, then because of the familiar, for how good we are in this city, for my children, for not changing my friendships and I don’t want it broken because I had to live it on my personal level.”Tags: FC BarcelonaLionel Messilast_img read more

Read More →

Tennis News Bianca Andreescu Cherishing Rivalry With Naomi Osaka, Sumit Nagal Progresses

first_imgBeijing: Bianca Andreescu is relishing an extended rivalry with Naomi Osaka after their first match went to three riveting sets in the China Open quarter-finals. The 19-year-old Canadian was upbeat despite squandering a one-set lead, Osaka reining in the US Open champion for a 5-7, 6-3, 6-4 victory in Beijing. The first instalment between two of tennis’s brightest young talents did not disappoint. “I was really excited,” said the world number six Andreescu, whose ascent into the women’s elite has been breathtaking — she was ranked 240th this time last year. “I think I was more focused than usual, it’s usually like that when I play top players. “I think we’re going to have many matches like this. Our game styles are pretty different, but they level up pretty equally.”Friday’s defeat brought an end to Andreescu’s run of 17 wins on the spin, but she said she felt she was playing better than when she stunned Serena Williams in the US Open final. “I put on a fight. Honestly, it could have gone either way,” she said. “It was just some points here and there. I really fought, especially in that last game. Holy crap, that was crazy.”Also Read | Bianca Andreescu Honoured At Home After US Open Title TriumphIndia’s Sumit Nagal sailed into the semifinals of the ATP Challenger Campinas with a hard-fought win over Argentina’s Francisco Cerundolo in Campinas, Brazil. Nagal, placed at a career-best 135 right now, knocked out 13th seed Cerundolo 7-6 7-5 to book his second last-four appearance in two weeks.  Nagal had received a bye in the first round and then in the second round his opponent Gastao Elias of Portugal retired mid way in the first set. In the round of 16, the Indian beat Brazilian Orlando Luz 7-5 6-3.Also Read | US Open 2019: Bianca Andreescu Stuns Serena Williams To Win Women’s TitleThe sixth seed Indian will now face Juan Pablo Ficovich of Argentina in the final. Earlier this week, Nagal won his second title on the ATP Challenger Tour. He notched up a straight-set win over Argentina’s Facundo Bognis to claim the Buenos Aires ATP Challenger clay court event. For all the Latest Sports News News, Tennis News News, Download News Nation Android and iOS Mobile Apps.last_img read more

Read More →

Dempsey grabs hat-trick as U.S. hammer Honduras 6-0

first_img(REUTERS)-Clint Dempsey scored a hat-trick as the United States hammered Honduras 6-0 in California on Friday to get their 2018 World Cup qualifying campaign back on track.The United States, who replaced coach Juergen Klinsmann with Bruce Arena in November after losing their last two qualifiers, opened the scoring through Sebastian Lletget after five minutes when he was on hand to tap home after Christian Pulisic’s shot squirmed past the goalkeeper.Honduras came back into the game but the home side doubled their lead after 27 minutes when U.S. captain Michael Bradley was afforded time and space to fire home a low drive from 25 yards out.Dempsey marked his return to the team after a year out with a heart complaint by making it 3-0 five minutes later when he volleyed home a deft pass from Pulisic, who made it 4-0 seconds after half-time when he shot into the bottom corner.Pulisic turned provider again three minutes later with a perfectly weighted pass that Dempsey steered round the keeper before firing into the empty net.Dempsey got his hat-trick and his side’s sixth goal in the 54th minute when he curled a spectacular free kick into the far corner of the net from 25 yards out.The result takes the United States onto three points, equal with Trinidad and Tobago and Honduras, and off the bottom of the group on goal difference.Mexico lead the table with seven points, one ahead of Costa Rica and three more than Panama.The top three teams in the group qualify automatically for Russia while the fourth-placed side goes into a playoff with a team from the Asian conference.last_img read more

Read More →

The changing face of Figueroa

first_imgThe Figueroa Corridor is made up of the area surrounding campus. Kelvin Kuo | Daily Trojan It’s hard not to miss the turquoise-clad officers riding bikes along Figueroa Street, or the signs promoting the Figueroa Corridor that dot lampposts around USC. But the Figueroa Corridor Partnership does a lot more for the community than students might realize. Established in 1998, the partnership — which includes the area between the Santa Monica (10) Freeway and Martin Luther King Jr. Boulevard, and Flower Street and Vermont Avenue — aims to stimulate economic growth and make the Corridor attractive to businesses.According to Steve Gibson, executive director of the partnership, the goal of the non-profit group is to promote a positive environment for businesses and customers.“We want to provide clean and safe services, which are the basics for providing an enjoyable Corridor,” Gibson said.The partnership was started by former USC President Steven B. Sample and Darryl Holter, current chair of the partnership’s Board of Directors and the CEO of the Shammas Group, a business made up of several properties based south of Downtown. Both men were troubled by the Corridor’s conditions in 1998 — and understandably so.“The local Chevrolet dealer was told by General Motors to relocate to a better neighborhood, area museums saw attendance drop significantly [and] the University of Southern California had trouble recruiting students,” the partnership’s website reads.After the partnership formed, things turned around.The Corridor has attracted more than $2.2 billion in investments since the partnership’s inception, much of which has come in the form of new housing complexes and businesses, as well as a multi-million-dollar restoration of the Los Angeles Memorial Coliseum completed in 2003.“We have built new housing complexes such as University Gateway in order to stop profit-driven landowners from converting working-class properties into insufficient student housing,” Holter said.The increase in investments has also had a positive effect on property owners, said Margret Farnum, retired chief administrative officer of the Coliseum Commission.“Property owners have taken more pride in their buildings and have upgraded them, creating a new sense of life in the area,” Farnum said.Small businesses such as the Vagabond Inn have also profited from the partnership, according to Charles Valentino, the inn’s director of operations.“With the removal of graffiti and cleanliness of the sidewalks, you can now tell when you go in and out of the Corridor,” Valentino said.Also monitoring the Corridor’s streets are safety ambassadors, who patrol the area on bikes.David Roberts, USC’s associate director of local government relations, said these ambassadors have worked tirelessly to make the Corridor a crime-free area.“[They] are watchful eyes on the streets,” he said.Even business owners operating outside the boundaries of the Corridor said they appreciated having that extra set of eyes.“The bike control is a great calming influence on the Figueroa area,” said Patsy Carter, proprietor of The Inn at 657 located just outside the Corridor at 657 W. 23rd St.But the partnership hasn’t just been good for businesses. USC continues to be an integral part of the partnership and has benefitted greatly from the improved Corridor, Roberts said.“The partnership has changed the perspective of folks visiting USC and Exposition Boulevard and improved the quality of life in the Corridor and the surrounding neighborhoods,” he said.The partnership has an annual budget of approximately $1 million. Members pay extra taxes based on their assessed property value, which is returned to the partnership from the government — extra money they say is well spent.“In my 42 years working for the Coliseum, I have never felt so safe walking around the Corridor,” Farnum said. “It feels almost like home.”last_img read more

Read More →

Rivals play to tie in rain

first_imgHaving a “bounce go your way” can often be the most important spark in a close rivalry game. On the same account, a bounce can easily go the other way and cost your team a victory. For the University of Wisconsin men’s soccer team, as well as its opponents, the Marquette Golden Eagles, Wednesday night’s downpour gave both teams plenty of bounces — but rarely a chance to finish them — in a wild double-overtime thriller that concluded in a 1-1 tie.”As the field got wetter, it seemed to play more to their advantage because our balls in behind their defense weren’t as effective. They would roll right out of bounds or to the keeper,” rain-soaked sophomore forward Brandon Miller said after the game. “That ball was just sliding all over the place. It was hard to get the ball where we want it, down by our feet where it can be controlled. It’s always tough to play on a surface this slick and fast.”Despite the draw, bringing the Badgers’ record to 5-5-4, the offense once again looked much more in sync as, for the second game in a row, they were able score the game’s first goal. Junior midfielder Victor Diaz added to his team-leading ten points with a dazzling assist to senior Erik Ortega just 9:33 into the game. With the ball in the left corner close to the 18-yard box, Diaz placed the ball right on the head of a cutting Ortega, who flicked the ball in past Marquette goalie Matt Pyzdrowski.”[That first goal] meant a lot, especially since we have struggled create some really good chances on offense,” Ortega said of his tally, the first of the season for him. “We’ve always had really good buildup, but for some reason we haven’t been able to capitalize. “That goal was good for us because we need to get that early goal to give us confidence.”The rest of the half featured more chances from the Badger offensive lineup that included three forwards — Diaz, Miller and Ortega. Those three alone out-shot the entire Marquette team in the first half, as the forwards combined for seven shots — two on goal — compared to the two from the Golden Eagles.Badger head coach Jeff Rohrman thought the offensive pressure was very good, even though they only tallied one goal. “We did a lot of good work going forward, and we just were not able to reward ourselves for that in terms of putting the ball in the net,” Rohrman said. “At the end of the day, it’s a game where all of our guys walk out of this knowing that maybe we let one get away. We had four, five, maybe six chances in the 6-yard box that we just didn’t convert on.”Wisconsin, with its one-goal lead, came out of the locker room looking to start the second half on the same note it started the game with, but the players were met right away by a motivated Golden Eagles squad that aimed to slow down the Badgers.”We struggled a bit at the beginning of the second half,” Ortega said. “We went away from what we were doing in the first half and tried to push it too much. It wasn’t until late in the second half that we finally slowed the game down.”The rain, which had been sprinkling since the opening whistle, finally started to come down a couple of minutes into that second half, bringing with it a much faster field of play, something that in turn turned up the dial on an already intense game. Ortega, unlike Miller, was quick to say that he believed the rain “played to his advantages” on the field, making for a faster-paced game.”I enjoy playing in the rain. The ball skips a little bit, but I think the ball passes a little truer than normal,” the senior said.Badger goalkeeper Alex Horwath certainly didn’t enjoy the new bounces the ball was taking. A tricky bounce on a cross in the 73rd minute guided the ball past the sprawled-out sophomore and right to Marquette forward Nick Kay, who finally capitalized on his seventh shot of the night, putting the ball into the far side netting.Following Kay’s goal, the game got increasingly more physical as the rain continued to pour down. With four minutes to go in the second overtime, the referee finally called a storm delay, postponing the game for half an hour and subsequently putting a halt on the momentum of either team. When the teams finally did return to the field, neither seemed able to regain its form, and the game came to a close, nearly an hour after it was scheduled to originally end.last_img read more

Read More →

Trojans trap Wildcats on road

first_imgUSC’s game against Arizona on Saturday night featured many of the mistakes that plagued the Trojans earlier in the season. The defense gave up more than 400 yards, the offense converted less than half of its third-down attempts and turned the ball over, and the team as a whole racked up eight penalties for 60 yards.Field leader · Sophomore quarterback Matt Barkley threw for 170 yards and a score on 21-for-35 passing. – Colleen Hoffman | El RodeoBut in what seems to be a new trend for USC, the Trojans once again pulled out a last-minute win in spite of the statistic sheets.USC (7-3, 4-3) upset No. 18 Arizona 24-21 on a chilly night in Tucson, Ariz., exorcising some of the demons still lingering from last season’s late loss to the Wildcats in the Coliseum and marking the first win of USC’s season against a team the Trojans lost to in 2009.“I’m just extremely excited,” said USC coach Lane Kiffin. “Anytime you go on the road to a top-20 team and get a win it’s extremely exciting. Anytime you go on the road you have to run the ball and play defense, which we did tonight and got the ‘W.’”Redshirt junior tailback Marc Tyler carried much of the offensive load on a day that featured the Trojans holding possession of the ball for more than 37 minutes, rushing 31 times for 160 yards — career highs in both categories — and a touchdown.“I feel good about how I played,” Tyler said. “I was able to come in with fresh legs, and I felt great. We were running the ball and controlling the clock. In the third and fourth quarter, we played efficiently on the long drives.”The Trojans once again jumped to an early lead, scoring on their only two drives of the first quarter to claim a 14-0 advantage. Sophomore quarterback Matt Barkley, who started the game on a hot streak by completing 14 of his first 15 attempts for 122 yards, had a hand in both of USC’s scores in the first quarter — he ran one in on a one-yard quarterback keeper and threw the second to redshirt junior tight end Rhett Ellison for the seven-yard score.“I was just taking what the defense was giving me,” Barkley said. “A lot of the shorter routes were working, getting yards and getting first downs.”Arizona was able to exploit the USC secondary for a quick score to begin the second quarter, but the Trojans came right back with a 17-play drive that took almost nine minutes, capping it with their third touchdown of the half on a three-yard Tyler run to make the game 21-7.But Arizona, led by quarterback Nick Foles, responded once again, needing just more than two minutes to post their second touchdown of the night. Foles connected with receiver Travis Cobb on a 31-yard strike to bring the Wildcats’ deficit to just seven going into the half.The second half seemed to be a reversal of roles, as the defenses that looked so porous in the first two quarters tightened up, and both offenses struggled to do anything productive in their possessions.The Trojans managed to get into field-goal range in the third quarter, and senior kicker Joe Houston made the most of it, nailing a 30-yard attempt to put USC up 24-14.The 10-point advantage was enough to put the Trojans ahead for good, despite a late comeback attempt from Arizona in which the Wildcats scored a touchdown with 1:01 left to play in the fourth quarter. The Wildcats were not able to recover the ensuing onside kick, and the Trojans ran the clock out for the hard-earned victory.“Our entire program revolves around the word ‘finish,’ and that’s what it is,” redshirt junior linebacker Chris Galippo said. “It’s the fourth quarter of the season, we have three more games left. It’s time to really finish. It was just a really great start to these next four games.”Despite USC posting its highest total rushing yards since the Trojans’ game against Cal, the Wildcats outgained them 382-404. The teams each posted 24 first downs, but Arizona was able to convert 11 of its 16 third-down attempts, a figure that has remained a problem for USC week in and week out.“You’re doing a good job if you get them to third down … but it doesn’t do any good if you don’t get off on third down,” defensive coordinator Monte Kiffin said. “We got to third down, but we didn’t win. It was really frustrating.”The Trojans once again were helped by special teams, though not quite as much from their own side as from Arizona. Wildcat kicker Alex Zendejas missed a 34-yard field goal attempt on Arizona’s first drive, a blown opportunity that proved to be the difference in the final result.Nevertheless, the Trojans remained positive and said they felt that the win was the product of a collective effort.“With a good team like this, especially in a hostile environment, you have to have a packed defense, play tough and bring out your running game,” redshirt junior safety Marshall Jones said. “I think we did that and we came out with a ‘W’ because of it.”The win brings USC above .500 in the conference for the first time since it was 1-0 after defeating Washington State in week four. USC will travel to Corvallis, Ore., next week to face Oregon State.last_img read more

Read More →