Category Archives: jwcubm

PPF chief exec Rubenstein to step down [updated]

first_imgAlan Rubenstein is to leave the UK’s Pension Protection Fund (PPF) early next year, the defined benefit (DB) lifeboat fund announced this morning.Rubenstein has led the PPF as chief executive since joining in April 2009, during which time the fund – which takes over the DB schemes of bankrupt companies – has grown from £2.9bn (€3.2bn) to £30bn.Arnold Wagner, PPF chairman, said: “The board is extremely grateful to Alan for his excellent leadership of the PPF over the last eight years and wish him every success in the next phase of his career.“As a result of his achievements as chief executive, the PPF is in a strong position, well placed to continue to protect the millions of people in the UK who belong to defined benefit pension schemes. Our task now is to locate a successor to pilot the PPF through its next phase of development.” Rubenstein added: “After eight hugely enjoyable and successful years with the PPF, I have decided that the time is right to seek a fresh challenge.“I’m enormously proud of the progress we have made during my time as chief executive. The PPF has grown from an organisation whose very survival was in doubt to one which is now a firmly established part of our national pensions fabric. “Above all, between the Pension Protection Fund, and the Financial Assistance Scheme, which we run for government, almost half a million people are now better off thanks to the protection we provide.”Sir Steve Webb, director of policy at Royal London, worked with Rubenstein on many occasions during his five years as UK pensions minister. He described the outgoing CEO as “a giant of the pensions world” and “an exceptionally tough act to follow”“He has overseen a period of rapid growth for the PPF and has helped to ensure that the organisation is on a firm financial footing going forward,” Sir Steve added. “Many hundreds of thousands of current PPF members and many millions of potential PPF members owe him a debt of gratitude. I have no doubt that Alan could have earned far more in a private sector post than the government is prepared to pay someone to run a public body of this sort, and it is to his great credit that he gave his all to the PPF for a sustained period and leaves it in such a strong position.” Alan Rubenstein gives evidence to the government’s Work & Pensions Committee during the BHS enquiry in 2016During his tenure, Rubenstein became the public face of the PPF. He appeared in front of the Work and Pensions Committee – a cross-party group of politicians from the UK parliament’s lower house – on numerous occasions, most recently to explain to politicians the fund’s role in the debate about the BHS and British Steel pension schemes.He was also a driving force behind the establishment of the Pensions Infrastructure Platform. The PPF was a founder member of the platform in 2012.Before joining the PPF, Rubenstein ran Lehman Brothers’ Pensions Advisory Group. He was previously a managing director at Morgan Stanley, and has served on the boards of Dutch asset manager Robeco, the UK’s Institute and Faculty of Actuaries, and the National Association of Pension Funds (now the PLSA). Currently, he is non-executive director at insurance company esure and an investment adviser to the British Coal Staff Superannuation Scheme.During Rubenstein’s tenure the PPF won several IPE awards, including Best European Pension Fund in 2013 – the first UK fund to win this category. It has also been recognised for excellence in real estate investing and liability-driven investment.last_img read more

Enterprise Plans Further Expansion at Houston Ship Channel Terminal

first_imgEnterprise Products Partners (EPD) has announced three additional expansion projects that will increase the partnership’s capacity to load liquefied petroleum gas (LPG), polymer grade propylene (PGP) and crude oil from its Enterprise Hydrocarbon Terminal (EHT) on the Houston Ship Channel.Currently, Enterprise’s nameplate LPG loading capacity is approximately 660,000 barrels per day (BPD).Previously, the US provider of midstream energy services unveiled a project to add 175,000 BPD of LPG loading capacity, which is currently under construction and expected to be completed late third quarter of 2019.The additional, new projects are expected to increase incremental LPG loading capacity by another 260,000 BPD. They are planned to be in service in the third quarter of 2020.When completed, the projects will give EHT nameplate capacity to load up to almost 1.1 million BPD of LPG, or approximately 33 million barrels per month.In response to record demand for PGP by international markets, the partnership is adding refrigeration facilities at its Houston Ship Channel terminal that will enable Enterprise to load up to an incremental 67,200 BPD, or approximately 2 million barrels per month, of fully refrigerated PGP. With this expansion project, Enterprise will enable co-loading fully refrigerated PGP and LPG onto the same vessel. This expansion is expected to be available in the fourth quarter of 2020.As part of the expansion, Enterprise is also building an eighth dock at its Houston Ship Channel terminal with the capability to load approximately 840,000 BPD of crude oil, increasing the partnership’s nameplate export capacity for crude oil at the Houston Ship Channel to 2.75 million BPD, or nearly 83 million barrels per month.Expected to begin service in the fourth quarter of 2020, the new dock will be able to accommodate a Suezmax vessel, the largest ship class that can navigate the Houston Ship Channel.“We are pleased to announce this additional investment in our Houston Ship Channel marine terminals. In total these expansions will enable us to load an incremental 1.3 million BPD of LPG, polymer grade propylene and crude oil,” A.J. “Jim” Teague, chief executive officer of Enterprise’s general partner, said.Enterprise estimates that by 2025 exports of U.S. crude oil will increase from 3 million BPD to 8 million BPD and the domestic LPG export market will double from 1.4 million BPD to 2.8 BPD. Much of this growth is being driven by increasing production from the Permian Basin of Texas.last_img read more

2 ‘shabu peddlers’ fall in buy-bust

first_imgThe suspects were detained in the lockup cell of Police Station 2. BACOLOD City – Two suspected drug peddlers were arrested in a buy-bust operation in Barangay Mandalagan, Bacolod city. Charges for violation of Republic Act 9165, or the Comprehensive Dangerous Drugs Act of 2002 will be filed against them./PN Nine sachets of suspected shabu weighing about 15 grams valued at around P120,000 were seized from residents Dennis Dumdum, 47, and Carlo Rasmo, 39, a police report showed.center_img Nine sachets of suspected shabu valued at around P120,000 were seized in a buy-bust operation in Barangay Mandalagan, Bacolod City on June 20. Residents Dennis Dumdum and Carlo Rasmo were arrested during the operation. POLICE STATION 2/BCPO An undercover cop initially from the suspects suspected illegal drugs for P500 around 10:30 p.m. on June 20.last_img read more

Quique Sanchez Flores looking forward to David De Gea reunion

first_img Since then he has proved himself a suitable successor to Edwin van der Sar at United and been the subject of intense interest from Real Madrid, but Sanchez Flores – who the goalkeeper grew so close to he bought him a pocket watch as a present – believes he should remain in the Premier League, and is convinced that his experience in England has been vital to his development. “I gave David his debut. He was the third-choice ‘keeper and after one month he was first choice,” Sanchez Flores said. “He was amazing. You just need to focus on the training and watch how he is taking the ball and handling it. “For me he is probably the best goalkeeper in the world. I got a present after two years when we separated, it was a clock. “The watch is an antique, golden on a chain. You wear it in your pocket. It is very English. I don’t remember but I think there was an inscription. I still have it. I won’t wear it, that’s too much. “(But) he has everything, he is more than a goalkeeper. He can control everything, the ball in the air. He is good in the goal and out of the goal. For me he is the top three best goalkeepers in the world. “It would be perfect for the Premier League for him to stay and perfect for him. He needed to come here to learn. “I’ve talked a lot about De Gea but with his confidence it will be very difficult to score past him. Press Association Quique Sanchez Flores has revealed that he is looking forward to a reunion with Manchester United’s David De Gea, having given the goalkeeper his break. “I have (a special relationship with De Gea). (And) with (David) Silva and (Sergio) Aguero, I wanted to wait until after the game because I don’t like to speak to opponents before the game. I try to respect. I don’t like my players to see me having a relationship with other players, hugging them. I will wait in my dressing room, for sure. After the game, of course, I will spend time with him.” United visit Watford after a period in which they have been labelled boring by their own fans, owing to their predictability and lack of goals. Flores, however, does not agree with that verdict, and believes that not only is their ball retention “amazing” but that United will improve further. “I t is amazing ball possession,” he said. “This is a process. (Their manager Louis) Van Gaal is doing a bit to respect the style of play, to keep the ball and after with the idea to (score). It is not boring. At the moment they are doing their first objective – to keep the ball. “The other part of the process is to be offensive, aggressive in the last third. Maybe at the moment they are not so aggressive in the last third but they are efficient, because they are shooting three and put three in the goal. So it is a process.” Watford host United in the Premier League on Saturday, seven seasons after Sanchez Flores promoted De Gea into Atletico Madrid’s first team, and his former manager, now in charge at Watford, believes he has matured into the world’s best. De Gea was Atletico’s third choice when Sanchez Flores was appointed manager in October 2009 but he ended the season in the first team and close to making Spain’s victorious squad for the 2010 World Cup. last_img read more

Pakistanis head back to CPL after all

first_imgTHE Pakistan Cricket Board (PCB) is allowing its players to return to the Hero Caribbean Premier League (CPL), for which it had first delivered No-Objection Certificates.The PCB had initially asked that the players return from the leagues to facilitate the playing of a World Series XI game, as well as the National T20 Cup. That competition has been rescheduled to November.According to PCB Chairman, Najam Sethi, the National T20 Cup had to be rescheduled because of his organisation’s busy schedule.“The World XI series was not officially confirmed when we set the dates for our domestic tournament,” said Sethi.“That series falls right in the middle of when our competition would have been played. Then there’s a by-election (on September 17 on the seat of now-disqualified prime minister Nawaz Sharif) and after that the team has to go to the UAE, so the competition was squeezed out,” he added.“As a result, we have moved it to November. An added advantage of this arrangement is that our players who are taking part in the CPL and other county matches will be able to take full part in those tournaments. This will make the players happy too, as well, as the CPL.”The Tallawahs’ Imad Wasim, the Tridents’ Shoaib Malik and Wahab Riaz, the Trinbago Knight Riders’ Shadab Khan, St Kitts and Nevis Patriots’ Mohammad Hafeez and Hasan Ali, and the Warriors’ Babar Azam are all now free to return.last_img read more

College lacrosse coaches fuel recruiting trend by pursuing players younger and younger

first_img Published on March 24, 2015 at 11:47 pm Contact Paul: pmschwed@syr.edu | @pschweds When Matt Magnan found out that a fellow ninth-grader verbally committed to play college lacrosse, he knew his time would come shortly after.After Joey Epstein committed to Johns Hopkins on Sept. 5, Magnan committed to Syracuse on Oct. 16.A month and a half after his first day of high school.“Whenever he committed, it kind of got in my mind like ‘Wow, a kid my age is committing,’” Magnan said. “So I kind of stepped up to the plate and I know what’s going on, they recruit kids early.”Magnan became the first publicized freshman verbal commit in the Orange’s storied men’s lacrosse history. Since then, SU has added five more freshman verbals, bringing the total to six, which is tied for fifth-most in Division I according to RecruitingRundown.com.AdvertisementThis is placeholder textThough SU tended to lag behind other traditional powerhouses, it is now in the thick of the early recruiting battle. While college lacrosse coaches defend themselves by saying early recruiting happens in every sport, Syracuse’s football team doesn’t have a single verbal from a junior and its men’s basketball team only has one verbal from a junior, per Scout.com.“I’d like to do just juniors and seniors. I’d like to think most coaches would do that,” Syracuse lacrosse recruiting coordinator Lelan Rogers said. “But we lose a distinct advantage if some of the other major schools are recruiting these kids early and if we’re not in the game, we’re going to lose out on kids.“So it’s really a catch-22. As much as you don’t want to do it, you almost have to do it.”When current members of the Orange like sophomore Jordan Evans and senior Nicky Galasso committed to colleges in the summer and fall of their junior years, that was considered early at the time. Just a few years removed, if a coach finds a star that late, it’s a steal.Nick Daniello, director of Prime Time Lacrosse — the club that Magnan and Griffin Gelinas, another 2018 SU commit, play for — says the top-tier freshmen are usually still the best players as seniors.“You can identify them early, get to them early, they’re always going to be the same,” Daniello said.Daniello, whose brother Chris played at SU from 2007–10, said the Orange is selective with who it recruits early. Magnan played varsity at Fox Lane (New York) High School as an eighth-grader and having varsity experience is something Rogers said he looks for when recruiting.In Division I men’s lacrosse, each team is allotted 12.6 total scholarships, meaning there’s a crunch for financial opportunities. So when freshmen are offered a roster spot and a scholarship, it’s hard to turn down, even though they might not be ready to make that decision, Rogers said.“So a lot of it is coming from the parents,” he said. “‘If I don’t take a spot now and I get an offer now, am I going to be able to come back as a junior or senior?’ You’re not, because teams have already filled those spots.”Magnan said he likes the current process since he doesn’t have to worry about where he’s going to go to college anymore, but recognizes how it could negatively affect players that don’t develop until later on in high school.Gelinas said there’s no reason to wait to commit if it’s your top choice — which Syracuse was for both him and Magnan — but rushing a commitment could lead to a decommitment in the future.Johns Hopkins and some schools in the Ivy League are known for giving kids only a week to accept or decline the offer to commit, he said.“Some kids, where I see the problem is, they’re going to be selecting schools too early … and they’re going to attach to one school and want to leave a year later,” Gelinas said. “And I have a feeling in our grade, Class of 2018, it’s going to happen a lot.”Many Division I coaches say they think the downsides are obvious. Players are deciding where to go to college but what they plan to study may change. As they develop, perhaps they realize another school would be a better fit. Some players may even exceed academic expectations, prompting them to flip their commitment to a school with better academic opportunities.Some coaches, like Drexel’s Brian Voelker, have set a precedent of not recruiting anyone before their junior year. Since recruiting is about projecting how good a player will be, Voelker said he isn’t able to project three or four years into the future.“You catch yourself looking at the father and the mother,” Syracuse head coach John Desko said. “If the dad’s 6-foot-3 and mom’s 5-11, then you say he could have some size when it’s all said and done. You got to have a crystal ball.”But the differing recruiting practices can’t be truly assessed until these players get to college.Coaches are not allowed by the NCAA to initiate contact with players until their junior years — but players can initiate contact with coaches at any time.North Carolina head coach Joe Breschi said he thinks the NCAA should institute a zero-contact rule before a high school student’s junior year. He said other coaches agree with him about this possible solution, but the NCAA is trying to deregulate, rather than add more restrictions.Another possible solution would be if coaches “poached” more often. The practice is more common in football, where verbally committed players continue to be recruited by other schools. ESPN analyst Paul Carcaterra said it should happen more in lacrosse, and once coaches have to continue to recruit a player after they verbally commit, they may realize there’s no point in recruiting him as a freshman.While seemingly everyone in the lacrosse world has an opinion on the recent recruiting trends, coaches are still going after players earlier and earlier.Said Gelinas: “People that are a lot older obviously tend to judge it from the fact that ‘Oh my God, these kids haven’t even hit puberty.’” Comments Facebook Twitter Google+last_img read more

Fire reported at Tuscany Apartments

first_imgA fire at Tuscany Apartments early Saturday morning caused sizable property damage and left some residents unable to return home.“We received a 9-1-1 call at 4:58a.m and when firefighters arrived on scene they described what they had was a small roof fire,” said Los Angeles Fire Department Spokesman Erik Scott.Scott said it took 12 firefighters approximately one hour to extinguish the fire. To do so, residents said the fire department punched holes through the roof and into two of the fifth floor apartments to drain the water from the hoses.Abdullah Bundogji, a sophomore mechanical engineering major lives in one of those apartments and said that the rug in his apartment and much of his bathroom are destroyed. Bundogji and his roommate are moving into a room at the Radisson Hotel this afternoon.“All my clothes smell like smoke now, Bundogji said. “I have three midterms this week so moving over the weekend when I really need to study honestly just sucks and moving back is probably going to be even worse.”Bundogji said he is unsure when he will be able to move back to his apartment.“I’m hearing three days but one of the construction workers said it could take a lot longer because they have to dislodge a lot of drywall. In the bathroom there’s a lot of repairs and demolition.” Bundogji said.Scott said the official cause of the fire remains under investigation. Residents believe it might have started from the barbeque gas line and spread because there was flammable material in the trashcan next to the barbeque.No injuries were reported.Bundogji said the majority of the damage was to his apartment and another apartment down the hall. Most residents—including sophomore industrial engineering major victoria Schwartz who also lives on the fifth floor—were able to return to their apartments this morning.“They would not let me in afterward because of smoke,” Schwartz said. “They let me in at 7a.m But it’s over and nothing happened to me thankfully.”last_img read more

University prepares for weekday game

first_imgIn anticipation of the Trojans’ first weekday football game at the Los Angeles Memorial Coliseum, the USC Athletic Department announced special procedures regarding tailgating, transportation and parking that will take effect on Thursday.New territory · USC’s game against Arizona will be the first time the team has played at the Los Angeles Memorial Coliseum on a Thursday during the BCS era. All classes will operate on their normal schedules. – Ralf Cheung | Daily TrojanChanges to typical game day logistics have been made because USC classes will be in session as usual on Thursday.According to the webpage created by the Athletic Department detailing the changes to game day regulations, tailgating and picnicking will not be permitted within campus boundaries or on The Row. Tailgating will be allowed in Exposition Park and at the Coliseum.Because of the tailgating restrictions, the Trojan Athletic Fund and the Galen Center Founders Club will open their tailgates to ticket holders who purchase passes. Fans will also be able to attend the first ever Cardinal & Gold Picnic at the Coliseum. In addition, Lawry’s Carvery at L.A. Live will offer a 10 percent discount to USC-Arizona ticket holders on the day of the game.Through a partnership with CID Entertainment, the Athletic Department will offer a “Park & Ride” Trojan Express Shuttle Bus service to game attendees in the greater Los Angeles and Orange County metropolitan areas. Shuttles will pick up passengers in several locations, including Anaheim, Pasadena and Ontario, and drop off near the Coliseum and on Exposition Boulevard.The Orange County Transportation Authority will also provide Metrolink train service from Oceanside to the Coliseum. Pickup is available at all stops in between, including Union Station.On-campus parking lots will be closed to visitors without season parking passes. Alternatives to on-campus parking include the USC Parking Center on Grand Avenue, Parking Structures 1 and 2 on Flower Street., and The Shrine Lot. Beginning at 4 p.m., parking will also be available at the St. Vincent Elementary School at the intersection of Figueroa Street and Adams Boulevard. for $20. Parking lots at the Coliseum will open at 2 p.m. Thursday.Additionally, the Athletic Department has partnered with L.A. Live to offer parking to USC game attendees in Lots 6 and 7 for $20. A complimentary shuttle from L.A. Live to the Coliseum will run continuously before and after the game.Thursday’s game against Arizona will mark the team’s first game since Athletic Director Pat Haden relieved Lane Kiffin of his head coaching duties and Ed Orgeron will make his debut as interim head coach.The Trojans (3-2, 0-2 Pac-12) will be going for their first conference win of the season after surprising losses to Washington State and Arizona State. In the team’s most recent home game against Utah State on Sept. 21, the official attendance was 63,482. On the season, USC has averaged 67,770 fans per game, which ranks No. 2 among all Pac-12 schools in average attendance, though that number represents only 72 percent of the Coliseum’s capacity.In 2012, USC averaged 87,945 fans per game, the most in the Pac-12 and nearly 20,000 more than UCLA, who was No. 2 in the conference.More details about changes to game day procedures for Thursday’s game can be found at weplayfor2013.com/thursday.last_img read more

Small changes contribute to offensive breakout for Syracuse

first_img Facebook Twitter Google+ DURHAM, N.C. — About an hour before Syracuse kicked off the first of three games that will decide if the team is worthy of a postseason appearance, there came the first signs of change.  Redshirt freshman Carlos Vettorello and Airon Servais swapped positions, moving Servais back to left tackle, the position he was slotted to play in August.The move was one of several — including the hiring of a new defensive coordinator — that Syracuse head coach Dino Babers made prior Saturday’s game after a week off.While there’s no guarantee a simple switch was the solution for the Orange, it led to Syracuse’s best offensive line performance of the season. Syracuse (4-6, 1-5 Atlantic Coast), who’s ranked in the bottom of the country in sacks this year, allowed only one. A team that’s rushed for more than 150 yards four times this season compiled a season-high 286. The 49-6 win marked the first time that the Orange had breached 27 points against a Power 5 team this season.Yes, three turnovers, one of which was returned for a touchdown, gave SU the ball inside Duke’s territory on three consecutive possessions in the third quarter. But still, an offense that had limped through conference play finished opportunities the defense created and provided a spark when the Orange needed a win.“If (the rushing unit was) going to do it, I didn’t want to take that opportunity out of their hands,” Babers said. “So, we kind of leaned on that a little bit more than we normally do and they got it done.”AdvertisementThis is placeholder textEva Suppa | Digital Design EditorThe changes came in minor schematic differences, too. On Syracuse’s first offensive snap, Trishton Jackson lined up in the slot instead of his normal outside position. With a one-on-one matchup in the middle, Jackson beat his cornerback on a slant route and racked up 50 yards. A few plays later, Jackson ran a similar route for a touchdown.In the run game, the differences were even more visible. Moe Neal, who had his first 100-yard rushing day since Sept. 21, noted that he had more room than week’s past to maneuver after breaking through the line. Most of that came from Syracuse mauling Duke at the point of attack. While runs with pulling linemen opened big holes, basic zone run schemes also worked.Neal’s first big run of the day came off a zone cutback. As the defense flowed to the strong side of the play, the side it appeared Neal should be running to, Servais dove and chipped his defensive end, the last line of defense to prevent a cutback. With one stomp into the ground, Neal reversed direction, running right through where Servais’ man would’ve stood for a 35-yard gain.“I feel like it was very physical up front,” Neal said. “The offensive line did a great job opening holes, and you know I was able to hit the second level and do what I do best and make guys miss.”Eva Suppa | Digital Design EditorWhile Syracuse quarterback Tommy DeVito finished 6-of-15 for 105 yards and two touchdowns through the air, Neal had 17 carries for 115 yards and Jarveon Howard ran for the same total on nine touches.Saturday was the first time Syracuse ran for four touchdowns this season, which represents the biggest step forward. When the Orange were handed opportunities, they finished them.Throughout the season, offensive failures deep in opponent territory had plagued the Orange. Against Clemson it was three-straight run plays and an incomplete pass following an interception return to the two-yard line. Against North Carolina State, Syracuse couldn’t pick up a first down on four tries from the NC State 24-yard line. Even early against Boston College, while the score was still close, three failed rushes left Syracuse settling for a field goal after forcing a takeaway.Against Duke, Syracuse didn’t kick a single field goal. At least for one day, the Orange mixed things up and it worked. If Syracuse is to salvage a bowl game out of this season, it will likely need continued complementary offense.“You got to understand something,” Babers said, “Duke didn’t know what we’re going to do. So that’s a huge advantage for us and next week they will and we won’t have that advantage any longer.” Comments Published on November 17, 2019 at 10:12 pm Contact Josh: jlschafe@syr.edu | @Schafer_44last_img read more

Warriors’ Chriss fined for shoving Mavericks’ Doncic

first_img FOLLOW US COMMENT LIVE TV Golden State Warriors forward Marquese Chriss has been fined $35,000 for shoving Dallas Mavericks guard Luka Doncic to the floor, the NBA announced Monday.Chriss shoved Doncic in the third quarter of Dallas’ 141-121 victory at Golden State on Saturday night.The amount of the fine was based in part on Chriss’ history of physical altercations on the court, NBA executive vice president Kiki VanDeWeghe said in a statement.Doncic fell backward into the first row of fans after Chriss shoved him. Doncic jumped right to his feet and charged at Chriss until the referees separated them. Chriss was assessed a technical foul. SUBSCRIBE TO US First Published: 31st December, 2019 11:34 ISTcenter_img Associated Press Television News Last Updated: 31st December, 2019 11:34 IST Warriors’ Chriss Fined For Shoving Mavericks’ Doncic Golden State Warriors forward Marquese Chriss has been fined $35,000 for shoving Dallas Mavericks guard Luka Doncic to the floor, the NBA announced Monday. Written By WATCH US LIVElast_img read more