UK regulator’s stance has let sponsors keep investing: BoE

first_imgCompanies with large pension deficits do not invest less than those with smaller shortfalls, according to research by the Bank of England.The study into The Pensions Regulator’s (TPR) approach to the problem of big funding gaps in the defined benefit (DB) pension schemes of UK companies concluded that a balance had been struck between deficit contributions and ongoing investment.The working paper, written by Philip Bunn, Paul Mizen and Pawel Smietanka, used data made available exclusively to the Bank by the regulator.The authors wrote: “These findings suggest that the regulatory approach undertaken by The Pensions Regulator has balanced the need to close growing deficits with the aim of allowing businesses to continue operating in a sustainable way.” Total DB deficits were estimated to have widened to around £300bn (€336.5bn) by 2015, or more than 15% of annual GDP, the authors said.However, the data showed that while firms with larger pension deficits – which had an incentive but not an obligation to respond to the deficits – paid lower dividends on average, they did not invest less.On the other hand, deficit-hit companies under TPR-agreed recovery plans did cut investment and dividend payments on average.“These effects were greater for firms that were financially constrained, reflecting the more limited options available to them to use external or other internal funds to smooth out their expenditures,” the Bank of England said.TPR has been criticised in recent months for not taking stronger action to force companies to prioritise their pension funds over shareholders and other financial expenditures.While the paper mentioned the close relationship between low long-term interest rates and pension deficits, the knock-on effects of funding gaps for some individual companies were “macroeconomically small compared to the stimulus offered by the Bank of England’s quantitative easing [QE] policy.”Bunn, Mizen and Smietanka said their findings implied unconventional monetary policies such as QE were likely to have had mainly positive effects at the macroeconomic level, even after taking account of the impact on pension funds.“Our results suggest that – for the UK and other countries in similar positions – that large DB pension deficits can have significant effects on investment and other expenditure decisions at the firm-level, but for the UK at least, the macroeconomic consequences have been relatively small,” they said.last_img read more

Bass River Dredging Project to Begin This Fall

first_imgThe City of Beverly was recently awarded a $1,400,000 grant from the Executive Office of Housing and Economic Development – Massachusetts Dredging Program to dredge the Bass River.The river was last dredged over 60 years ago by the Massachusetts Department of Public Works (MA DPW) in 1955.According to the city, this dredging project is broken down into two distinct phases for implementation.Phase I includes dredging of the “lower” section of the river, which is located below the Hall Whitaker Bridge to the confluence with the Danvers River. Phase II will include dredging of the “upper” river, which includes the area north of Bridge Street.As part of the dredge project National Grid plans to conduct remediation activities in the Bass River adjacent to their operations.The City has received federal, state, and local permits to dredge both phases of the Bass River which includes a total dredge footprint of approximately 17.8 acres.The current grant funding will allow dredging of the channel to historic depths of -9.0’ at Mean Low Water (MLW) for the phase I area, and to -6.0’ at MLW north of Bridge Street.With this grant award the City will seek to begin the first phase of dredge this fall, completing work by end of winter 2020.last_img read more

Suicide toll reaches highest rate since records kept

first_imgStuff 3 July 2015The provisional suicide toll has risen to its highest figure since the coroner’s office started releasing the statistics.From the year June 2014- May 2015, 569 people died by suicide or suspected suicide.Last year (for the year ending 30 June 2014) that number was 529.The information from the Coroner was released to New Zealand First under parliamentary questions and is a worrying development say experts.“It seems to have completely bucked the trend,” says Stephen Bell of youth mental health service Youthline.Last year’s figures had been the lowest number by two since the annual coronial figures were first produced for the 2007/2008 year.Suicide by the years2007/2008 – 5402009/2010 – 5582011/2012 – 5472013/ 2014- 5292014/2015 – 569 read more

Body found in Country Squire Lake, death investigation underway

first_imgNorth Vernon, In. — Indiana State Police detectives began a death investigation Monday around 7:30 p.m. on Forest Grove Lane in the Country Squire Lakes Subdivision near North Vernon, Indiana after a body was located in a lake.At this time, the deceased white adult male remains unidentified and the cause of death is unknown. An autopsy is scheduled to be performed today in Seymour, Indiana to attempt to determine a cause of death and the identity of the victim.Anyone with information about the possible identity of the victim or any other information about this investigation is urged to call Detective Jason Duncan, Indiana State Police-Versailles Post (812) 689-5000.The Indiana State Police is being assisted by the Jennings County Sheriff’s Department, Indiana Conservation Officers, and Jennings County Coroner’s Office.last_img read more

The Latest: EKU kicker quits team over coronavirus concerns

first_imgTretter said Wednesday on a Zoom call that he’s been satisfied with the protocols agreed to by the league and players’ union. Tretter said those guidelines will need to continue to evolve and change as more is learned about the virus.Players are currently being tested each day, but that was supposed to change in two weeks to every other day if teams stayed below a certain percentage of positive cases. Tretter believes daily testing is necessary to avoid the “lag time” that has led to problems in Major League Baseball.Tretter has chosen to play this season while knowing he’s putting himself and his pregnant wife at risk. He’s currently staying in a hotel and not at home to minimize any chance of getting sick.___Louisville has paused workouts for men’s and women’s soccer, field hockey and volleyball after 29 members of those programs tested positive for COVID-19. “It was a very tough choice,” Wilson wrote, “but since the day I started playing the game it’s always been Faith Family Football. Because of this crazy time I choose to put my family in the best situation I see fit.”Coach Brian Flores said he supported both players in their decisions.Wilson made four starts and had 43 receptions for 351 yards and one touchdown last season.___Cleveland Browns center and NFLPA president JC Tretter said he’ll push for daily testing for the COVID-19 virus during training camp while the NFL ramps up for the season. Associated Press Defensive tackle Tyeler Davison, fullback Keith Smith and safety Jamal Carter have yet to be cleared to rejoin the team.Oluokun is expected to take over a full-time starting role this season, while Etling is in the mix to serve as the team’s third quarterback. Hawkins is a fourth-round pick out of California.___Cleveland Browns guard Colby Gossett has opted out of the 2020 season, becoming the fourth player on the team — and third offensive lineman — to decide not play because of the coronavirus pandemic.Gossett qualifies for the high-risk opt-out agreed to by the NFLPA and will receive a $350,000 stipend for not playing. He was due to make $675,00 this season. White says on Instagram that the team’s last test was July 6 and that symptomatic players were still in the building and around other teammates. The junior adds that meeting rooms have had “100+ players and staff crammed into it with zero space and no social distancing rules in sight.”The 6-foot-1, 192-pound White also says first-year Colonels coach Walt Wells knows and “does nothing,” adding that he only cares about EKU earning a big payout from West Virginia for playing in Morgantown on Sept. 12.Athletic director Matt Roan said in a statement the department is aware of White’s post. He says “egregiously or willfully ignoring safety guidelines” by staff or students will not be tolerated. Moan also says weekly testing will be done consistent with re-socialization requirements and anyone reporting symptoms will be tested, monitored and quarantined if necessary.___The Detroit Lions have activated wide receiver Kenny Golladay from the reserve/COVID-19 list. The list was created for players who either test positive for COVID-19 or have been in close contact with an infected person. The Lions put Golladay on it last week.Golladay was Detroit’s leading receiver last season with 65 catches for 1,190 yards and 11 touchdowns.___Albert Wilson became the second Miami Dolphins player — and their second receiver — to opt out of playing this year because of the coronavirus.Wilson announced his decision Wednesday on Twitter. Allen Hurns made a similar announcement Tuesday. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___Eastern Kentucky kicker Landon White has quit the football team in a social media post that accuses the FCS program of being lax in coronavirus testing and following protocols. The Latest: EKU kicker quits team over coronavirus concerns August 5, 2020 The school said in a statement the positive tests and exposure were primarily traced to an off-campus party. Teammates and student-athletes from other sports were potentially exposed to the virus and remain quarantined due to contact tracing, the statement added. Louisville athletic director Vince Tyra will address the programs’ suspensions in a virtual news conference later Wednesday.Suspension of activities began Monday. Team members who have not tested positive or been identified through contract tracing may be permitted to return to on-campus workouts on Aug. 10.___The Atlanta Falcons have activated linebacker Foye Oluokun, quarterback Danny Etling and rookie safety Jaylinn Hawkins from the team’s COVID-19 reserve list.They were among six players placed on the list in the early days of training camp. He is the second Browns guard to opt out, following Drew Forbes. The team also will be without offensive tackle Drake Dorbeck and defensive tackle Andrew Billings.The Browns promoted Gossett from the practice squad late last season. His loss will hurt Cleveland’s depth and likely force general manager Andrew Berry to look for free agents.The deadline for players opting out is Thursday at 4 p.m.___More AP sports: and read more

Nigeria’s FIFA Badged Referee for VAR Training in S’Africa

first_imgNigeria’s international referee, Abel Baba is among the few privileged FIFA referees selected from Africa to take part in the maiden VAR Course organised by the Confederation of Africa Football, CAF for Elite A Referees in the continent ahead the usage of the methodology for refereeing in major competitions.According to National Publicity Secretary, Nigerian Referees Association (NRA) Kelechi Mejuobi, the referees body is happy to associate with its member for being found worthy to benefit from the training.“The Nigeria Referees Association is happy to associate with the giant strides, Abel Baba of the Kogi State Referees Council, fondly known as Igwe in referees circle, has recorded by being part of the exercise. Abel Baba “The NRA wishes him good luck and successful outing as the country’s ambassador in the program holding in South Africa,” he concluded on behalf of NRA in a statement yesterday.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

WESA and Hi-Rez announce new Paladins Premier League

first_imgIn partnership with game developer Hi-Rez Studios, WESA has today announced a new Paladins Premier League (PPL).The inaugural season will get underway in the immediate future in the autumn of 2017 and will see the participation of all the current 10 WESA Member teams. This means the likes of EnVyUS, Fnatic, G2, mouz, Na’Vi, NiP, Renegades, SK Gaming, Splyce and Virtus.Pro will each be getting a Paladins team. The PPL will become the second professional esports competition played under WESA guidance. Importantly, it has been confirmed that non-WESA teams will be able to join the league too, though they must comply with WESA’s regulations on the league and treatment of players. Ken Hershman, WESAKen Hershman, Executive Chairman and Commissioner of WESA stated: “Paladins has emerged as an innovative first person shooter (FPS) title and Hi-Rez has a track record of supporting endemic esports organizations and players. For WESA, this is an important milestone as it marks our second esports title.”As part of the launch of the league, Hi-Rez Studios has partnered with WESA to split league revenues with participating teams, and to guarantee a minimum salary to players. These measures, combined with the global reach of the 10 WESA teams, give the PPL an exciting foundation from which to grow. “Hi-Rez is very excited that the world’s most popular and experienced esports teams have chosen to partner with us in launching PPL under the leadership of WESA,” said Todd Harris, Hi-Rez Studios Chief Operating Officer. “We see an incredible community appetite for competitive Paladins and the PPL will showcase the highest tier of Paladins esports within North America and Europe. In addition, we applaud WESA’s initiative to professionalize esports and will be working closely with them toward this goal.”You can watch the official launch video below:Paladins only entered open beta in September 2016 and has since welcomed more than 15 million players. There has been no top tier esports league for the title to date, and with this PPL the hope is that it gives an increased boost to its pro scene. Media rights and further details regarding the structure of PPL will be revealed ahead of the inaugural season. Esports Insider says: This is major news for Paladins, a title which millions have taken to but not much has happened in the way of top esports tournament options quite yet. With the participation of the ten WESA member teams, and the allowance for non-WESA orgs to take part it should prove a fiery first season of competition. We’re eager to learn more about the prize pools, and whether there’ll be any exclusivity as to the media rights.last_img read more

U.S. Open 2019: Brooks Koepka hopes recent dominance helps in final round

first_imgKoepka has been the man to beat at majors in recent years, winning four of the past eight he has played.The world No. 1 believes those experiences could be an advantage ahead of Sunday at Pebble Beach. Related News U.S. Open 2019: Gary Woodland holds serve as Justin Rose sits one shot back “I’m pleased how I’m playing. I’m pleased how I’m striking the ball.”And I feel as confident as ever right now. It’s probably the best ball-striking week I’ve had.”Pebble’s greens are so small. I think I only missed one green today, maybe two, I don’t know, if I was in the fringe or something. But to hit as many greens as I have the last two days, the ball-striking is right where I want it.” Brooks Koepka believes his recent record at majors will hold him in good stead heading into the final round of the U.S. Open.The two-time defending champion carded a 3-under 68 in the third round on Saturday to be four shots behind leader Gary Woodland.center_img “Just having been in the position I’m in. Feels like almost every major right now — second at Augusta,” Koepka said.”I felt like I’ve put myself in good chances where I’m very comfortable around that. I don’t need to go out and chase. I don’t need to do much, just kind of let it come to you.”And from there, if I win, great. If not, I felt I’ve given it all I had this week and it’s just not my week.”Koepka from the fringe! #USOpen— U.S. Open (USGA) (@usopengolf) June 16, 2019Koepka was 2 under through seven holes in his third round and believes taking advantage of the front nine will be key.But he is full of confidence and said his form was just where he wanted it to be.”I feel good. I feel like if I can just make a few putts, I feel like I could be right there, right next to Gary. And it’s been very close,” Koepka said. U.S. Open 2019: Tiger Woods refuses to blame pain as cold weather triggers issueslast_img read more

BiH football cadet team defeated Montenegro 1:0

first_imgThe first meeting of cadet teams of BiH and Montenegro which was held yesterday in Čitluk ended with victory of BiH football team with 1:0.Aćimović scored the only goal for BiH in 20th minute and until the end of the match both teams had several missed chances.Next match of BiH and Montenegro will be played on Tuesday. The referee was young Emir Spahalić from Mostar.BIH: Čutahija, Todorović, Mišanović, Gojak, Duraković, Oršolić, Osmanović, Gljiva, Ačimović, Mustedenagić, Lelić. Još su igrali: Šarić, Dursun, Hadžiahmetović, Herić, Kremenović.Crna Gora: Glušica, Knežević, Popović, Marković, Đukić, Đurković, Vukčević, Boričić, Petrović, Burzanović, Vujović. Još su igrali: Filipović, Rašo, Đuričković, Pavičević, Camaj, Globarević, Filipović.last_img read more

Fantasy Injury Updates: Is T.Y. Hilton playing Thursday night? (Updated)

first_imgIn Hilton’s absence, Zach Pascal has been unproductive as the Colts’ top receiver but is playable as a WR3 against the Texans’ porous pass defense. In deeper leagues, you possibly can rely on Marcus Johnson if Hilton is out. Johnson has been starting on the outside opposite Pascal and caught all four of his Week 11 targets. Chester Rogers has fallen out of favor in the Indy passing game and is only their third most-used wideout the last couple weeks.WEEK 12 NON-PPR RANKINGS:Quarterback | Running back | Wide receiver | Tight end | D/ST | KickerIf Hilton plays, you have to move him into your fantasy starting lineup, although there could still be some worry about aggravating the calf injury. An active Hilton makes Pascal and Johnson both too unreliable in all but the deepest of fantasy leagues. T.Y. Hilton is listed as questionable on the Colts’ official injury report heading into Thursday Night Football against the Texans. Hilton has missed the past three games for Indianapolis while dealing with a calf injury. Hilton’s potential return would knock the fantasy value of Zach Pascal and Marcus Johnson down further. The official active/inactive report will come out at about 6:50 p.m. ET.  We’ll have updates here and on Twitter @SN_Fantasy through that time.For the latest on Eric Ebron, click here; for more on Will Fuller V’s status, click here. MORE TNF: DraftKings Showdown lineupIs T.Y. Hilton playing Thursday night?UPDATE 2: Hilton is officially ACTVE.UPDATE 1: Hilton “believes he’s good to go,” according to NFL Network’s James Palmer.Hilton has missed the Colts’ last three games due to a calf injury. He didn’t participate in practice at any level on Monday or Tuesday. Hilton told reporters Tuesday that he will play if “all the boxes are checked off.” You’d imagine one of those boxes would be making it onto the practice field. Hilton was a full participant Wednesday, although the Colts didn’t hold a full practice.WEEK 12 PPR RANKINGS: Running back | Wide receiver | Tight endlast_img read more