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Cambridge Supply may be a case of no Cam do

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‘Success story’ of Scottish pensions doesn’t need overhaul: Strathclyde

first_imgScotland’s local authority pension funds are a “considerable success story” and do not require major reform, according to the country’s biggest pension scheme. The Pensions Institute has been tasked with conducting a review of the country’s Local Government Pension Scheme (LGPS), considering various ways of collaboration between its 11 funds – including a full merger.However, the £21.5bn (€24.1bn) Strathclyde Pension Fund said in a draft response to the consultation that the more extreme proposals were not necessary as there was “no evidence to suggest that the current model is fundamentally flawed”.It pointed out that Scottish LGPS funds were all “close to or above” full funding, which it said meant their “primary objective has been achieved”. Strathclyde was 112% funded at the end of June, its management team reported at a committee meeting this week. “The LGPS in Scotland has for very many years been better funded than its equivalent in England and the rest of the UK,” Strathclyde’s response stated.While the pension fund acknowledged that it faced “significant challenges in the current, difficult pensions environment” – including several highlighted by the Scottish LGPS advisory board’s report into collaboration options – it argued that these would not be solved by mergers.“Funds will need to adapt to address these [challenges], but [they] do not stem from the current structure, and revising the structure is unlikely to be a panacea for them,” Strathclyde said.Scotland’s local authority pension funds already collaborate on several aspects of investment and operations, including a joint tendering framework for service providers. The £6.7bn Lothian Pension Fund – the country’s second biggest public sector scheme – has an authorised internal asset management function that it shares with the schemes for Falkirk and Fife.Infrastructure Credit: Steve CrowtherGlasgow, ScotlandOne of the main aspects of the LGPS pooling project in England and Wales was to facilitate more investment in infrastructure, at the request of government.Infrastructure investment was a major focus of the Scottish LGPS consultation as well. In its draft response, Strathclyde said there were “no insurmountable barriers” to investment, as it had already allocated £1bn to the asset class. It was also a cornerstone investor in the Pension Infrastructure Platform, which has facilitated pension fund investment in renewable energy assets.The scheme added: “Levels of investment in any asset class are largely determined by its attractiveness relative to other alternatives.“For example, the feed-in-tariff regime has been instrumental in increasing institutional investment in renewable energy. [Strathclyde] has taken full advantage of this opportunity with investments of over £330m.“Investment in infrastructure would increase if the supply of attractive opportunities increased, or the risk/return characteristics were improved.”Outside of the LGPS consultation, the committee meeting also approved two new investments within Strathclyde’s Direct Investment Portfolio, designed to contain the pension fund’s allocations to venture capital and small local investments.The scheme plans to invest up to £30m in the Beechbrook UK SME Credit II fund, which provides financing to small and medium-sized UK companies. According to the pension fund, other UK institutions, insurance companies, Scandinavian investors and the British Business Bank are all considering allocations to the fund.In addition, Strathclyde is to allocate up to £20m to the Par Equity HealthTech Fund, which provides venture capital funding to high-growth healthcare-related companies.The scheme gained 3.3% in the second quarter of 2018, it said, and has posted double-digit returns on an annualised basis over three and five-year time horizons.last_img read more

6 Bingawan healthcare workers now COVID-free

first_imgTheir second test was conducted on July 24. ILOILO – Bingawan town’s six healthcare workers who recently tested positive for coronavirus disease 2019 (COVID-19) have all recovered. Mayor Matt Palabrica said specimens extracted from the workers were analyzed at the Corazon Locsin Montelabano Memorial Regional Hospital molecular laboratory in  Bacolod City and the results were released on Aug. 2. Their second test showed them not anymore having SARS-CoV-2, the virus that causes COVID-19. “We are calling all people of Bingawan. Do not be complacent. Always wear facemask and maintain social distancing,” said Palabrica./PN The municipality was placed under enhanced community quarantine (ECQ) last month after six staff of its Rural Health Unit were found infected.center_img They were tested on June 29 and their COVID-positive results came out on July 13. They were immediately quarantined. The six healthcare workers have returned to work, too – three midwives, two nurses and the ambulance driver. “Our town is now COVID-free but we continue to worry. We have newly returned locally stranded individuals, basi may mag-positive naman,” he told Panay News. The ECQ was lifted on July 27.last_img read more

PBC COVID-19 Cumulative Positivity Rate Still too high to Enter Phase 2

first_imgWhile the positivity rate for Palm Beach County’s case testing is only 6.2% for Saturday and has been below 10% for 17 straight days, the cumulative positivity rate is 13.2% and still above the threshold to move to Phase 2. Parents can send kids physically back to school one week after entering Phase 2. During a Friday, Aug. 14 briefing at the Emergency Operations Center, Palm Beach County Mayor Dave Kerner gave an update on local COVID-19 mitigation efforts. Joining him was Commissioner Mack Bernard.To date, Palm Beach County has reported 38,575 total confirmed cases of COVID-19 and 976 fatalities; 367 new cases have been reported since Thursday. Since the pandemic began, a total of 291,132 persons have been tested in the county.The cumulative positivity rate in Palm Beach County stands at 13.3%. However, the daily lab positivity rate, a key indicator of the actual amount of COVID-19 present in the community, continues to trend downward. As of Saturday, it was 6.2%.The Board of County Commissioners, with the approval of the governor’s office, will authorize moving to a Phase 2 re-opening when the metrics warrant such a request. Updates on indicators are being provided regularly to the public.The next update will be at the regularly scheduled BCC meeting on Tuesday, Aug. 25. It can be viewed live on Channel 20 or from the county’s web site at The BCC has not established specific targets that would trigger the Phase 2 request.last_img read more

Bhuvneshwar Kumar Signs up with Baseline Ventures

first_imgNew Delhi: Baseline Ventures on Monday announced the signing of Indian pacer Bhuvneshwar Kumar as he joins an illustrious list of sports personalities managed by the company. In the recently concluded World Cup held in England and Wales, Bhuveshwar returned with figures of 10 wickets from six matches at an economy of 5.20.The 29-year-old who has played 111 ODI matches scalping 128 wickets, joins a list of high-profile Indian cricketers managed by Baseline Ventures which include Ravindra Jadeja, Prithvi Shaw, Smriti Mandhana, Radha Yadav and Jemimah Rodrigues.Bhuvneshwar made a roaring international debut in ODIs against Pakistan in 2012 in Chennai, scalping the wicket of Mohammed Hafeez off his very first delivery in international cricket. From then on, the fast bowler has been an integral part of India’s pace attack. He also represents Sunrisers Hyderabad in the Indian Premier League. Talking about his association with Baseline Ventures, Bhuvneshwar said, “I’m excited to start this new association and sign with Baseline Ventures. They manage a large number of sportspersons and I’m happy that I’m in safe hands.” IANSAlso Read: Physios Working Closely With Injured Bhuvneshwar Kumarlast_img read more

Windies selectors stick with same 13 for first two IndiaODIs

first_imgPORT OF SPAIN, Trinidad, (CMC) – Cricket West Indies (CWI) selectors have named an unchanged 13-man West Indies squad to face India in the opening doubleheader of the five-match one-day series starting here next Friday.It includes one uncapped player in seamer Kesrick Williams who was drafted into the squad for the third one-dayer against Afghanistan last week, following injury to speedster Shannon Gabriel.Williams has played eight Twenty20 Internationals and was the leading bowler in the three-match series against the Afghans.The side gathered here following the rained out third One-Day International against Afghanistan last week, to prepare for the upcoming rubber.West Indies will need to lift their game significantly if they are to challenge the Indians, who lost the final of the ICC Champions Trophy in London on Sunday.They were poor against the Afghans, suffering a stunning 63-run defeat in the opener before labouring to a four-wicket win in the second game in pursuit of 136.West Indies are expected to play a warm-up game against a Trinidad and Tobago XI on Tuesday.SQUAD – Jason Holder (captain), Devendra Bishoo, Jonathan Carter, Roston Chase, Miguel Cummins, Shai Hope, Alzarri Joseph, Evin Lewis, Jason Mohammed, Ashley Nurse, Kieran Powell, Rovman Powell, Kesrick Williams.last_img read more

Rose Hall Town Area ‘H’ Ground undergoing major upgrading

first_imgTHE Rose Hall Town Community Centre known as the Area ‘H’ Ground is currently undergoing some major restoration work due to the efforts of Guyana’s number one youth and sports organisation and the Regional Democratic Council of Region 6.The Area ‘H’ Ground is the home base of the Rose Hall Town Youth & Sports Club, MS and since 1990, the club has been spearheading the efforts to transform the venue from a swampland into a modern sport facility.With funding from the Region 6 Regional Democratic Council, the entire outfield of the ground has been boosted with a large amount of suitable clay and has been leveled.Two new cricket pitches have also been constructed measuring 80 feet by 23 feet and have crusher-run as their foundation. The pitches have also been constructed six inches above the ground while special work has also been done on the two bowlers’ run-up.The Club and its ten cricket teams would shortly be installing 410 running feet of boundary boards while four electric lamps would be installed around the all-weather court to allow its usage in the evenings.Secretary/CEO of the Rose Hall Town Youth & Sports Club, MS, Hilbert Foster also disclosed that earlier in the year, the Ministry of Sport had contributed $1M towards restoration of the outfield and stated that in the future the Area ‘H’ Ground would be one of the best facilities in Berbice.Additionally, the Rose Hall Town Youth & Sports Club also received assistance from the Regional Democratic Council to cover the front part of the Rose Hall Town Primary School compound with asphalt at the cost of millions of dollars as part of the Club’s Community Developmental Programme.The Club on an annual basis uses the school compound to host its popular Christmas Village Project.Foster expressed gratitude to Regional Chairman David Armogan, Vice-Chairman Dennis Deroop, Regional Executive Officer Kim Williams-Stephens, engineer Mr Ali, Mayor of Rose Hall Town Vijay Ramoo, contractors Annirud Ramcharitar and Peter Lewis for their cooperation.The club would also be receiving assistance from another government agency to plant grass on the relaid outfield while funding would be sought to construct an indoor training complex so that Rose Hall Town Youth & Sports Club cricketers can practise all year round, despite the rainy season.Foster recalled that when the Rose Hall Town Youth & Sports Club was founded in 1990, the Area ‘H’ Ground was virtually a swampland.The Club single-handedly financed over $25M to transform it into its current state and works done included fencing of the entire ground, internal fence, two sightscreens, concrete pitch, scoreboard, sanitary facilities, charity kitchen, storage room, three pavilions, all-weather court while a children’s playfield was constructed at the entrance of the ground.The Area ‘H’ Ground, despite its shortcomings, has produced a total of sixteen national cricketers, one hundred Berbice players and five for the West Indies at all levels.Additionally, the Rose Hall Town Youth & Sports Club won three National Championships, five Guyana Cricket Club-of-the-Year Awards, over fifty major cricket tournaments and is the only cricket club in the history of Guyana to have ever received a National Award.Vice-President Mark Papannah praised the cooperation of the Region 6 Regional Democratic Council and expressed confidence that the relationship between the David Armogan-led Regional Democratic Council and the Rose Hall Town Youth & Sports Club would be strengthened in the future to benefit more youths in Guyana’s smallest township.last_img read more

McCarthy, Ardizzone bring Xavier High School friendship to Syracuse club rugby

first_img Facebook Twitter Google+ Published on October 15, 2014 at 12:08 am When freshman left wing Eddie McCarthy scored the first try of his Syracuse rugby career against Brockport on Oct. 11, teammate and roommate Steve Ardizzone seemed to cheer a bit louder than the rest of the Hammerheads on the SU sideline.And it’s only natural that Ardizzone’s a little more invested in McCarthy’s first score.Since their first steps on a rugby field at Xavier (New York) High School, freshmen McCarthy and Ardizzone have built a friendship that has only grown stronger as they have bonded through rugby, high school and even a natural disaster.Now rooming together at SU, the two friends and teammates are transitioning into college with the added difficulty of taking Syracuse Hammerheads rugby (2-2) to the next level in the Empire Rugby Conference.“Steve and Eddie were part of a graduating class that was a very tight group,” said Mike Petri, an assistant at Xavier and a player on the USA national team, in an email. “They had experienced a lot together during their time at Xavier and it was clear they all had developed a very strong bond.”AdvertisementThis is placeholder textXavier High School, a Jesuit school located in New York City’s Chelsea section of Manhattan, has won 20 state championships and four national championships in the program’s 40-year history, and has long been a breeding ground for professional rugby athletes.Former head coach Mike Tolkin, who helped Ardizzone and McCarthy win two state championships in their time at Xavier, now is the head coach of the USA Eagles national rugby team.“Character is the cornerstone of our program,” Petri said. “Our goal is not necessarily to always develop elite caliber rugby players but rather to also ensure we are teaching the players how to be leaders and how to be accountable for their actions.”Neither Ardizzone nor McCarthy had played the sport before attending Xavier. But despite their lack of rugby knowledge, both soon fell in love and were named varsity starters by their senior seasons.“For me it was very demanding, but I couldn’t imagine my time and my high school career without it,” McCarthy said. “In the offseason I felt like something was missing. You grow to become like family with the players next to you.”While the two were not initially close going into their first seasons, this soon changed as they connected over long trips that took them to places such as Maryland and Scotland.That bond was soon made even stronger when Hurricane Sandy hit the Northeastern United States in October 2012. With the McCarthy family left without a home and crammed into a small room in a family member’s home, Eddie often found himself escaping to friends’ houses to get away from the cramped living conditions.One of these friends was Ardizzone, who let McCarthy spend many nights during the long recovery process.“Hurricane Sandy was a very drastic time for anyone in Breezy (Point),” Ardizzone said, referring to the Queens, New York neighborhood that McCarthy is from. “I knew that Eddie got taken away from his home so I immediately went up to him and asked him how he was and said, ‘You’re more than welcome to stay at my house and we’ll feed you and we’ll treat you like you’re one of our own.’”Both got advice from coaches to go to programs like Penn State, Iona and others, but they decided on Syracuse. Though they both wanted to meet new people, they also wanted to live with a roommate that they knew they could be comfortable with.Now the two do nearly everything together, from eating meals to working out to helping each other with their classwork.With McCarthy and Ardizzone now making regular appearances in the starting lineup for the rugby team, the two Xavier alumni look to have their presence felt in the final stretch of the season.“I definitely wanted to play for a team that was a D-I program where I knew that me and Eddie could come and develop and give them our skills and what we learned from Xavier,” Ardizzone said. “Hopefully we help the team play against the best teams out there.” Commentslast_img read more

Q&A with Pittsburgh men’s basketball beat writer Craig Meyer of the Pittsburgh Post-Gazette

first_imgSyracuse (9-6, 1-1 Atlantic Coast) picked up its first ACC win of the year on Wednesday after struggling in nonconference play. The Orange next faces Pittsburgh (12-3, 1-1) on Saturday at noon. The Panthers are coming off an 88-76 overtime win over No. 11 Virginia on Wednesday and enter the matchup with five straight wins over SU.To learn more about Pitt, The Daily Orange caught up with Pittsburgh Post-Gazette beat writer Craig Meyer.The Daily Orange: How did Pitt find success against Virginia, one of the top teams in the country?Craig Meyer: A whole lot of it tied back to Pitt having an otherworldly showing from beyond the arc, where it made 13 of its 21 shots (61.9 percent). It’s easy to say in hindsight, but against a pack-line defense like Virginia’s, the Panthers had a nice schematic advantage with three tall players — 6-7 Jamel Artis, 6-8 Cam Johnson and 6-9 Mike Young — who are excellent outside shooters. With the pack-line providing few, if any, chances at dribble penetration and open looks from inside the arc, you need good outside shooting to beat the Cavaliers. And if you have taller players able to get off clean shots consistently, their outside ball pressure isn’t nearly as big of a factor.Young’s play down low also had a big hand in the win. He deftly worked his way out of double-teams that were constantly thrown at him and he smartly utilized his array of post moves against a Virginia team that, given the pace of the game, was forced to play smaller lineups.AdvertisementThis is placeholder textThe D.O.: How has first-year head coach Kevin Stallings differed from former head coach Jamie Dixon?C.M.: In 15 games under Stallings, Pitt has operated at a faster pace than it did under Dixon, averaging about two possessions more per game than it did last season. There’s a greater degree of offensive freedoms, too, as Stallings usually defers to his players to take what they deem to be good shots instead of working in a sometimes rigid system that, seemingly by law, forced you to not shoot until the final five seconds of the shot clock. The Panthers are giving up more points per game, but I think that has more to do with the team’s faster tempo than any kind of newly developed defensive deficiencies.Away from the court, Kevin’s been a little more forthcoming than Jamie was, at least in the final years of his tenure. Part of that has to do with his personality, but I think being an established, 56-year-old coach in his first year at a school probably adds to it some, too.The D.O.: Pittsburgh has beaten Syracuse five straight times. Why has Pitt had the Orange’s number recently?C.M.: For some of the criticism he received in his later years at Pitt, I think Jamie always had a great approach when it came to facing Syracuse, especially when it came to attacking holes and openings in the Orange’s zone. A more passive defense like the zone (unless that’s just a misconception I’ve developed as an outsider) lended itself well to slower tempo which Jamie preferred to operate at and in which his teams thrived. The opposite of that situation is part of the reason why Pitt has so seldom beat a pressing team like Louisville the past six years.There’s also something to be said for the psychological edge a team gains once they’ve beaten an evenly matched opponent so many times in a row. That sort of success has a tendency to lead to a snowballing confidence.The D.O.: Jamel Artis and Michael Young are the ACC’s top two scorers. What makes them so effective?C.M: They’re both excellent shooters, with Young possessing a well-rounded, inside-out game that makes him a threat both down low and outside. The latter of those two spots has become an increased part of his game this season, as he only attempted 12 3-pointers as a junior (in 15 games this season, he’s already attempted 47).They’re experienced players, both seniors, who are accustomed to playing with one another, even dating back to a year together in prep school. It also helps that, beyond them, Pitt is a relatively thin team, with only seven players averaging at least nine minutes per game. Young and Artis’ talent helps them score with the frequency they do, but a lack of viable offensive weapons around them also plays some role in boosting their scoring numbers.The D.O.: Outside of those two, who should Syracuse fans be aware of?C.M.: Cam Johnson has developed into a nice and reliable third scoring option behind Young and Artis. He’s had a breakout sophomore season, averaging 12.7 points per game after averaging just 4.8 last season and has finished in double figures in 11 consecutive games. At 6-8, he has the look of a small forward, but plays much more like a shooting guard, very rarely driving to the basket. Of his 63 made field goals this season, 36 came from 3. It’s hard to blame him for that imbalance, too; on the season, he’s shooting 43.9 percent from deep.The rest of his game isn’t incredibly well-developed — he needs to bulk up, he isn’t a great defender and he doesn’t often beat opponents off the dribble — but he’s an excellent outside threat who will almost certainly factor into Saturday’s game. Comments Facebook Twitter Google+ Published on January 6, 2017 at 4:35 pm Contact Paul: | @pschwedslast_img read more

4 takeaways from Syracuse’s 68-62 upset loss to Old Dominion

first_imgNo. 25 Syracuse (7-3) dropped its first game in six contests to Old Dominion (8-3), 68-62. The Orange were led by Tyus Battle, who scored a game-high 23 points. But the Monarchs took advantage of SU’s offensive futility for much of the game.Here are four takeaways from the game.Big trouble Syracuse struggled to keep pace with Old Dominion’s big men early and the Monarch’s 7-foot duo continued to cause problems deep into the game for SU. In the first half, Syracuse’s 7-2 center Paschal Chukwu picked up two early fouls and then a third when he checked back in before the conclusion of the frame.Old Dominion’s Elbert Robinson III worked inside with ease as he muscled his way through the much skinnier Syracuse bigs. Whenever the Monarchs reached inside, the court opened and the ball was sent to shooters beyond the arc. With the Orange leading by three with just over 10 minutes remaining in the game, Old Dominion drove in and reached a wide open lane, but found Marquis Godwin on the outside for the equalizing 3-pointer.AdvertisementThis is placeholder textSyracuse was dominated on second chances as well, and was out rebounded 38-33 on the game.Battle backTyus Battle sparked a big Syracuse run to end the first half with eight-straight points for Syracuse including a layup in transition that ignited the Syracuse crowd. To cap the run, Battle collected the ball off of an ODU miss and walked the ball up the court. He tapped the back of Elijah Hughes, who fell to the ground in the battle for the rebound, and waited for him to cross to the other side before attacking laterally and working the ball around. The ball found its way back to Hughes who drained the three to put the Orange up.Battle rose his hand and stuck out three fingers to the crowd as he found Hughes streaking back down on defense.Free throw strugglesSyracuse, who has struggled at the free throw line all season, hitting under 70 percent of its attempts on the year, went just 22 for 34 at the line Wednesday. SU players split multiple attempts at the line on the game and Battle, who reached the line a game-high 15 times, missed four at the line. Following a Chukwu foul on a three-pointer, ODU hit all three free throws to secure the lead that it never lost.After an Old Dominion three to put the Monarchs up by one, Battle stepped to the line for two shots. His first shot rolled around the rim and fell out. Battle rolled his eyes and grimaced as he retrieved the ball and walked gingerly back to his place on the line and nailed the next shot.By the end of the game it was just B.J. Stith and the crowd. With 15.8 seconds remaining, the senior was fouled on a rebound and raised his fist as he hustled to the other side of the court. Already a two possession game, the crowd opted to stay quiet as Stith hit both from the line and sealed the game.Back and forthThough Syracuse was able to break through the Old Dominion defense — which coming into Saturday ranked fifth in the country in scoring defense — the Monarchs brought their own offensive firepower toward the end of the game. In the final five minutes of the game after the Monarchs tied it at 51, ODU outscored SU 27-21. Battle had 10 second half points to keep the Orange in it, including a big 3-pointer to bring SU within two points toward the end of the game. But the free throws added up for the Monarchs, who sealed the win. Comments Facebook Twitter Google+center_img Published on December 15, 2018 at 2:15 pm Contact Michael: | @MikeJMcClearylast_img read more