Category: savfeabl

​Companies behaving badly will be post-crisis losers, say USS, BTPS

first_imgFellow panelist Morten Nilsson, CEO of the BT Pension Scheme, said that in his view, ESG was becoming much more important as a result of the pandemic.“In this situation we are in where the government response has been so bold and so extreme, paying salaries to private sector employees for quite a while – the other side of this is the expectation that these companies will do their duty and be good corporate citizens and actually repay society,” he said.This pressure would only increase, he predicted.“I think we’re seeing in quite a few countries part of the population starting to be more accepting of tax rises potentially coming out of this crisis, but I don’t think they will be more accepting of companies not behaving well on the other side of this.“I think we’re seeing in quite a few countries part of the population starting to be more accepting of tax rises potentially coming out of this crisis”Morten Nilsson, CEO of the BT Pension Scheme“My view is that will be increasingly both on the corporate side of behaving well, but also that asset owners are behaving well and perhaps the more aggressive types of capitalism won’t have a place here,” Nilsson said.Looking further ahead, Nilssen said he believed in the notion of a green post-COVID-19 recovery as a huge opportunity.“I think that if we implement that successfully, that will change the world in numerous ways and actually through growth and investment returns, it will be the right thing,” he said.Interesting opportunities in infrastructure could arise over the next few years out of the current crisis, he said, having mentioned that the BT scheme was still in the process of a long move to shift its low-yielding traditional assets to more “cashflow-aware” assets.Right now, the BT pension fund was also interested in technology investments, he said, with that sector having been performing well though the crisis.On the subject of reallocation decisions pension funds had made so far in the coronavirus crisis, Pilcher said USS had taken the opportunity to shift much of its US fixed income assets to UK equivalents.“We held quite a lot of US conventional long-dated fixed income instruments and as those frankly went to the moon and outperformed all assets – particularly as there was a flight to safety, a flight to liquidity – we used that as an opportunity to reposition a lot of those back into the UK where those equivalent assets had not performed as strongly,” he said, adding that this meant the UK debt had more scope for upward moves.USS had also had relatively little investment grade credit before the crisis, he said.“We’ve seen that as an opportunity to buy repriced and cheaper assets that we think have a structurally strong place in our pension plan so we’ve used that as an opportunity as well,” Pilcher told the panel.Looking for IPE’s latest magazine? Read the digital edition here. The chief executive officers of two major UK pension schemes told an online audience yesterday that companies behaving in a socially-irresponsible way during the coronavirus crisis will not be supported by government, consumers – or pension funds.Speaking in an online investment panel discussion, Simon Pilcher, CEO of USS Investment Management, said: “Those businesses that are going to look to exploit the current situation, and say just because I can, I will cut my workers’ wages by 20% and thus grow my bottom line […] I think they will be met with savage opprobrium.”They would be scorned in the press and probably by their consumers who would vote with their feet, the head of the UK universities pension scheme investment arm said, adding that such companies would also be “brutally treated” by governments.“Thus I would say that is a poor business decision for them to be engaged in that and that is not the sort of business we’d be backing. That’s not the sort of activity we would be encouraging,” Pilcher told the audience at the asset owners event held by Bloomberg.last_img read more

Cantium takes Rowan offshore rig on a 6-month charter

first_imgRowan Companies has won a six-month contract in the U.S. Gulf of Mexico for one of its jack-up drilling rigs.Illustration only: A Rowan Rig; Source: Wiki Commons; Author: AlfvanBeem – under the Creative Commons CC0 1.0 licenseThe driller on Monday said the Rowan EXL III, an EXL Class high specification jack-up rig, would work for Cantium in the U.S. Gulf of Mexico.The contract, of an undisclosed value, is expected to start in early November 2018.While the rig is currently under contract with Cantium, the deal is not seen as an extension as the current contract, also in the U.S. Gulf of Mexico, expires this month.The rig has been in service since 2010 when it was delivered by Keppel. It has been on contract with Cantium since min-June 2018, having previously worked for McMoRan on a 5-well term.Offshore Energy Today Stafflast_img read more

Haiti Prime Minister Garry Conille ‘offers resignation’

first_img Share Tweet 6 Views   no discussions Share Sharing is caring!center_img Share NewsRegional Haiti Prime Minister Garry Conille ‘offers resignation’ by: – February 24, 2012 Garry Conille has only been in the post since October 2011The prime minister of Haiti, Garry Conille, has offered to resign, government sources say.Officials said he had made the offer in a letter to President Michel Martelly.He was the president’s third nomination when appointed in October, ending a long political stalemate. The two previous candidates failed to win enough support from parliament. The government is still rebuilding after the January 2010 earthquake which devastated the capital Port-au-Prince.Mr Conille and President Martelly had been in conflict over a parliamentary commission investigating the nationality of government ministers.Many officials in Haiti and elsewhere in the Caribbean spend considerable time overseas.The commission is investigating whether some senior administration officials have dual citizenship, which is prohibited under the constitution.Mr Conille originally trained as a doctor and was an aide to former US President Bill Clinton when he was a UN envoy to Haiti.BBC Newslast_img read more

Judith Ann Hazelwood, 77, Brookville

first_imgJudith (Judy) Ann Hazelwood, age 77, of Brookville, Indiana and formerly of Cooleemee, North Carolina died Monday, September 10, 2018 at the Brookville Healthcare Center in Brookville, Indiana.Born October 21, 1940 in Mocksville, North Carolina, Judy was one of three children (Clyde Jr., Judy, Jetty) born to the late Clyde & Mabel Shaw. She was a graduate of Davie High School in Mocksville, NC with the class of 1958.On October 18, 1963 in Laurinburg, North Carolina she was united in marriage to David Henry Hazelwood. In 1964, the couple relocated to Brookville, Indiana Dave’s hometown. Judy was a homemaker until her children were of school age, and then she worked for Sears for many years, as well as working part time for Mr. Fudge Confectionary in Metamora, Indiana. Judy had attended Smyrna Baptist Church in New Trenton, Indiana. In her leisure time she enjoyed drawing, painting, cooking and spending time with her family. She was a very happy go lucky in life and was generally happy and smiling. Her favorite quote was, “Smile and the World Smiles with You.”Besides David, her husband of 55 years, survivors include two sons, Keith (Lori) Hazelwood of Ft. Thomas, Kentucky and Brian Hazelwood of Mason, Ohio; five grandchildren, Truman Hazelwood, Macey Giberson, Deacon Hazelwood, Brady Giberson and Savannah Hazelwood; one sister, Jetty Mauldin of Quarry, North Carolina.In addition to her parents, she was preceded in death by a brother, Clyde Shaw Jr..Family & friends may visit from 4 until 7:00 P.M. on Thursday, September 13, 2018 at Phillips & Meyers Funeral Home, 1025 Franklin Avenue, Brookville.Danny Cross will officiate the Funeral Services at 7:00 P.M. on Thursday, September 13, 2018 at Phillips & Meyers Funeral Home, 1025 Franklin Avenue, Brookville.Memorial Contributions may be directed to the Brookville Healthcare Center Patient Activities Fund. Phillips & Meyers Funeral Home is honored to serve the Hazelwood family, to sign the online guest book or send personal condolences please visit www.phillipsandmeyers.com .last_img read more

FIFA Ambassador wants January transfer window scrapped

first_img Loading… Promoted Content10 Dystopian Movie Worlds You’d Never Want To Live InCouples Who Celebrated Their Union In A Unique, Unforgettable Way20 Amazing Facts About The Daenerys Of The House Of TargaryenWhich Country Is The Most Romantic In The World?Who Is The Most Powerful Woman On Earth?7 Facts About Black Holes That Will Blow Your MindBest Car Manufacturers In The WorldThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreWhat Is A Black Hole And Is It Dangerous For Us All?2020 Tattoo Trends: Here’s What You’ll See This YearMeet The World’s Most Striking Animals HereWhat Happens To Your Brain When You Play Too Much Video Games? Former Arsenal boss, Arsene Wenger, has called for the January transfer window to be scrapped. Wenger, now chief of global development for FIFA, believes that the January window can act as an incentive for out of favour players to stop trying for their clubs – and only causes a problem for managers. He said, “I am for the abolition of the January transfer window. “Managers don’t deal with this second window well.”Advertisement But, he added, for unhappy players out of a team in October, the looming window is looked at as a means to escape. Wenger said: “In October, as soon as a player does not play anymore, he tries to find a solution elsewhere and waits for January to leave. He is no longer mobilised, he gives up. read also:Wenger upset seeing French coaches ignored for Portuguese “But when you make a mistake, a player as much as a club, very well! You have to assume that responsibility.” FacebookTwitterWhatsAppEmail分享 last_img read more

Iwobi to face title chasing Liverpool on neutral ground

first_imgSuper Eagles forward Alex Iwobi and his Everton teammates will face title chasing Liverpool on a neutral ground as part of arrangements aimed at ending the coronavirus arrested season. Stakeholders have been working hand in gloves with a view to successfully concluding the season. South Yorkshire Police recommended that games in which Liverpool are involved be played on a neutral ground. The police did not stop there but underlined matches they would like to be played at neutral venues which could include Liverpool matches where the title could be won. Deputy Chief Constable Mark Roberts of South Yorkshire Police, the UK’s football policing lead, said in a statement issued to the PA news agency: “Our discussions with the Premier League throughout this process have been positive, with a shared focus on the priority of public health. Action from Liverpool versus Everton clash in the 2017/18 seasonAdvertisement Loading… Promoted ContentThe Very Last Bitcoin Will Be Mined Around 2140. Read More10 Legendary Movies To Learn History From6 Stunning Bridges You’ll Want To See With Your Own Eyes10 Risky Jobs Some Women DoCan Playing Too Many Video Games Hurt Your Body?Who Earns More Than Ronaldo?Couples Who Celebrated Their Union In A Unique, Unforgettable Way6 Incredibly Strange Facts About HurricanesBirds Enjoy Living In A Gallery Space Created For ThemTop 10 Most Iconic Characters On TV7 Reasons It’s Better To Be A VeganBest & Worst Celebrity Endorsed Games Ever Madecenter_img “As such we have reached a consensus that balances the needs of football, while also minimising the demand on policing. “The majority of remaining matches will be played, at home and away as scheduled, with a small number of fixtures taking place at neutral venues, which, contrary to some reports, have yet to be agreed.” Jurgen Klopp’s side need two more wins or one if Manchester City lose their game in hand against Arsenal to reach points total which City would be unable to overtake. Read AlsoIwobi: Why I’m committed to Nigeria The Reds have 25 points lead over City who some say may catch up should the table toppers record a major slip. Everton are not candidates for the top four finish as they occupy a distance 12th position on the log but could slow down desperate Reds by denying them three points at the yet to be decided neutral ground. FacebookTwitterWhatsAppEmail分享 last_img read more

Welbeck set to miss England games

first_imgManchester United striker Danny Welbeck seems certain to miss England’s friendlies against Chile and Germany later this month. Welbeck has not figured since the draw against Southampton on October 19, since when he has been sidelined with fluid on his knee. United manager David Moyes has already ruled the 22-year-old out of Sunday’s showdown with Arsenal at Old Trafford. Although Welbeck was selected on Thursday as part of Roy Hodgson’s squad for the start of England’s World Cup build-up, Press Association Sport understands there is little chance of him being involved. “The only one who is not in contention for Sunday is Danny Welbeck,” said Moyes. “He is still suffering with his knee.” England play Chile on November 15 and Germany on November 19, with both games at Wembley. center_img Press Associationlast_img read more

Essequibo beat West Berbice by 309 runs

first_imgSET 374 runs to win their second round Jaguars Franchise League 3-day tournament, West Berbice collapsed to a 309-run defeat at the hands of Essequibo yesterday at the Bush Lot ground.Essequibo continued their dominant form, with a second consecutive win, dismantling the hosts for just 65 in 22.1 overs.Only Javid Karim (20) and Arthley Bailey (12), managed to reach double figures in a disastrous batting display from the hosts.Bowling for Essequibo, left-arm spinner Anthony Adams claimed 5-12 to complement his first innings figures of 5-35.Earlier, Essequibo declared their second innings at 322-8. Anthony Adams completed a stunning innings of 137, with ten fours and six sixes.Mark Williams retired hurt on 71.Adrian Dutchin (5-90), was the most successful bowler for the hosts. Essequibo winning target was also built on a first innings lead of 51.Meanwhile, Upper Corentyne and East Coast played to a draw at Port Mourant. However, no scores were made available between the game against East Bank and West Demerara at Tuschen.last_img read more

World 100m champion Coleman  provisionally suspended

first_img..after third missed drugs testWORLD 100m champion Christian Coleman has been provisionally suspended after missing a third doping test.The American, 24, has disputed the third whereabouts failure, on 9 December, which has been confirmed by the Athletics Integrity Unit (AIU).He claims he was Christmas shopping “five minutes away” from home and the tester made no effort to contact him.“I have never and will never use performance enhancing supplements or drugs,” Coleman posted on social media.“I am willing to take a drug test every single day for the rest of my career for all I care to prove my innocence.“I have nothing to hide but it’s not possible to show that if I’m not even given a chance to.”Coleman says he has been contacted by phone “literally every other time” he has been tested, and claimed the AIU tester wrote an incorrect address on his unsuccessful attempt form.The AIU does not regard Coleman’s explanation for the missing test as a defence, as it is not their policy to call an athlete if they’re not at the designated address.According to the AIU’s out-of-competition testing guidelines, athletes are accountable for missed tests if they are not at their specified location for the one-hour period they have stated.If they are not at the location, the tester must wait for the full 60 minutes before leaving.Coleman – who won his first major title at the World Championships in Doha last year – had previously missed a test on 16 January 2019 and experienced a filing failure on 26 April 2019.Three whereabouts failures in a 12-month period can result in a ban of up to two years by the AIU.“The system must change,” he said.“I thought the point of the organisation was to keep the sport clean by testing everyone and catching cheaters, not attempt to catch people when they’re not home and make no attempt to actually test them and mess with the livelihoods of people who are clearly not doping.“This isn’t justice for anybody.”The AIU has not yet responded to Coleman’s claims.His chances of competing in Doha last August had looked slim after the US Anti-Doping Agency (Usada) charged Coleman with missing three drugs tests in 12 months.However, it then withdrew the case after it was proved there had been a filing irregularity regarding the date of the first missed test.In a statement on Wednesday Usada said: “We can confirm the latest proceeding involving Mr Coleman and we are collaborating with the AIU on the matter.“As in all cases, a person charged with a potential anti-rule violation is presumed innocent unless and until found to have committed a violation through the established process.”Earlier this month, Bahraini world 400m champion Salwa Eid Naser was provisionally suspended after missing four doping tests. (BBC Sport)last_img read more

Syracuse lacrosse head coach John Desko wins 2nd consecutive ACC Coach of the Year award

first_img Related Stories Syracuse weathers Duke comeback to win 2nd straight ACC tournament championshipFast reaction: 3 takeaways from Syracuse’s 14-8 ACC championship win over Duke The Atlantic Coast Conference has named Syracuse head coach John Desko ACC Coach of the Year for the second consecutive season.The 18-year veteran is the winningest active head lacrosse coach and his .759 winning percentage ranks seventh all-time in NCAA lacrosse history.SU weathered a tough mid-season stretch of four losses in five weeks — three in overtime — and navigated through a goalie change in the midst of a blowout loss to Notre Dame on April 2. The Orange arrived to the ACC tournament as the lowest seed of the four teams, but outlasted North Carolina and Duke to claim a second straight conference title.In addition to Desko’s award, the conference announced Duke’s Myles Jones as the Offensive Player of the Year, UND’s Matt Landis as the Defensive Player of the Year and first-year attack Ryder Garnsey as the Freshman of the Year.Syracuse next plays Colgate at 1 p.m. on Saturday in the Carrier Dome, followed by SU’s first-round NCAA tournament game the following weekend.AdvertisementThis is placeholder text Comments Facebook Twitter Google+center_img Published on May 3, 2016 at 5:23 pm Contact Connor: cgrossma@syr.edu | @connorgrossmanlast_img read more