‘Turbulent’ markets hit first-quarter returns at Sweden’s Alecta

first_imgJust over half of the portfolio (52%) was invested in fixed income at 31 March, with 40% in equities and 8% in property.Magnus Billing, chief executive at Alecta, said: “Returns for both Alecta Optimal Pension and defined benefit insurance were negatively affected by sharply falling share prices.“Nevertheless, Alecta is well equipped for the more challenging profit environment of the future because of its stable finances.“Our low management costs have helped our success in offering good pensions, and our cost efficiency continued to improve, compared with the corresponding period last year.”In the five years to the end of March, Alecta Optimal Pension’s average annual return was 9.1% per year, 3.8 percentage points more per year than the benchmark index for the same period.For the DB product, the average annual return has been 7.2% over the same five years.However, Alecta’s solvency ratio fell by 11 percentage points to 160% over the first quarter of 2016, but this is still strong, said the company. Swedish occupational pension provider Alecta returned -2.4% on its defined contribution (DC) product, Alecta Optimal Pension, for the first quarter, compared with 11.1% for the same period in 2015.While the company refers to the “turbulent” period in stock markets from January to March, it said the return was slightly better than that of the benchmark index, the Morningstar SEK Aggressive Balanced Fund.At 31 March, the DC product had 61.3% in equities, 30.1% in fixed income and 8.5% in property.However, the defined benefit (DB) portfolio fared better, returning 0.9%, although this was also a large fall from the 7.8% return for the same period last year.last_img read more

Global Maritime Designs Mooring for Wavepiston WEC

first_imgGlobal Maritime has recently secured the design and engineering of mooring and riser components for Wavepiston wave energy converter (WEC) that is planned to be tested at the PLOCAN test site in the Canary Islands.The Wavepiston project, Competitive Wave Energy to Islands, has received funding from the European Union’s Horizon 2020 research and innovation – SME Instrument programme.“Currently, we are one of the partners to the Horizon 2020 project OPERA which has been running since 2016 and will come to a conclusion in July 2019. Our role in OPERA has been to provide marine advisory and numerical validation of the mooring system,” Global Maritime said through social media.Between 2010 and 2018 the company worked with Ocean Power Technologies (OPT) to provide mooring design, marine operations and mooring procurement for three separate WECs.The PB150 was installed in the Moray firth test site, PB40 at the New Jersey test site, and the PB3 unit is designed for deployment at the Amelia B platform in the Adriatic Sea.last_img read more

Duel In The Desert tire samples meet IMCA benchmark

first_imgChemical testing was done at a private laboratory. Samples were taken from Thursday night qualifying feature winners Tom Berry Jr., R.C. Whitwell and Michael Johnson.  All three drivers led substantial portions of their main events, with Whitwell winning the Modified main and Johnson ultimately finishing second in the Northern SportMod feature on Saturday at the Las Vegas Motor Speedway Dirt Track.  VINTON, Iowa – Samples taken during the Duel In The Desert have been tested and determined to conform with benchmark standards for the IMCA Hoosier G-60 tire. “We take all possibilities of skirting or outright cheating our rules very seriously, whether at a weekly show or at an event like the Duel In The Desert,” said IMCA President Brett Root. “Our members deserve to know that we take the necessary measures to monitor and enforce those rules.”last_img read more

Lady Bulldogs Fall Short To Lady Tigers

first_imgRandy Obermeyer Batesville Bulldogs lost by a score of 2-3 last night in their most disappointing hitting performance of the season. Batesville game up the lead in the seventh inning and couldn’t get the bats going enough to get back into the game.Abby Westerfeld took the loss after striking out 5 and only walking 1.Kate Burkhart led the team in hitting with 3 hits (2 singles and a double) while Kara Obermeyer finished with 2 hits (a single and a double).With the loss, Batesville moves to 3-4 on the season and 1-4 in the EIAC.last_img

Santa’s Heros seeking donations for this year

first_imgGreensburg, IN—It is that time of year where the Greensburg FOP Lodge #104 begins taking donations for our annual Shop-With-A-Cop fundraiser. Each year, they help between 75 and 100 local children buy clothing, hats, gloves, winter coats, shoes, and other items that their families are often unable to afford. With each new year, we find that more and more children in our community need help. To help expand the event and allow us to help more children, the FOP is expanding resources by partnering with other emergency service agencies in hopes of giving more children a holiday to remember.The new event will be known as Santa’s Heroes. The heroes are members of local police, fire, communications and EMS agencies. They will be hosting a special event for all the children chosen for the program. The group’s goal is to have breakfast with Santa, books with the elves, crafts, games, and of course our annual shopping extravaganza at Walmart. In order to be able to provide a memorable experience and necessary clothing to the children chosen for the program, they need the help of the community. Through donations, that will be spent 100% back into our community, the goal is to to be able to help 150 children this year. Donations are tax-deductible and extremely appreciated.Donations can be made in person to the Decatur County Sheriff’s Office Monday –Friday 8 am-4 pm, or via mail to:Greensburg FOP Lodge #104PO Box 337Greensburg, Indiana 47240last_img read more

Sullivan rues Carroll absence

first_img “Had we known he would be out for this long, we would not have signed him,” Sullivan told the BBC’s Football Focus. “We are not a rich enough club to deal with that. You know any player can get injured, but we can’t buy a player knowing he is going to be out for half the season. “When we signed him we were assured by the medical staff that the very, very latest he would be back was September 1. That would have meant he would only miss two league games.” Sullivan retains hope Carroll will prove his worth for the club, though, saying: “If you ask me the same question at the end of the season, I hope I will be able give you a different answer and say ‘Yes, it was the right decision to sign Andy Carroll’. “He is a fantastic player and on his day he is unplayable. We love him and that is why we signed him. He is desperate to come back; he is sweating blood in training.” Sullivan acknowledged he was worried about the depths the Hammers have sunk to in Carroll’s absence – Allardyce’s team headed into Saturday’s game against Sunderland outside the relegation zone only on goal difference. “I am deeply concerned,” he said. “Anybody who looks at where we are in the table and is not concerned are kidding themselves.” However, he maintains confidence in Allardyce. “I really believe Sam is the man for the job,” he said. “If he wasn’t our manager he is exactly the type of manager you would be bringing in to be the manager. Where do you get someone better than Sam to do the job that is now necessary? “If you asked me what kind of season Sam has had up to now, I would say ‘disappointing’. But let’s judge him at the end of the season. “I think the Newcastle manager would have been sacked by most fans after a month of the season but now he is flavour of the month.” West Ham would not have splashed out £15million on Andy Carroll had they known the England striker would spend so long out injured, Hammers co-owner David Sullivan has admitted. Carroll has not played for the London club since his move from Liverpool was made permanent in the summer, with Sam Allardyce’s side managing just 13 goals in 15 Barclays Premier League games in his absence. The 24-year-old has spent much of his rehabilitation receiving treatment in Belgium and Holland but is still at least three weeks away from returning from a double fracture in his right foot, which was sustained as he battled back from a heel problem. Press Associationlast_img read more

Veteran receiver is finally getting his chance to shine

first_imgUSC’s receiving core is looking a little different than it did last season.In fact, at times, it’s unrecognizable.Other than sophomore receiver Marqise Lee, who was a star last season and has carried that success over to the spring, there have been some lesser known players who have stepped into the enormous shoes that junior receiver Robert Woods left when he announced he was out for the duration of spring practice.Photo by Chris PhamOne of the players making a name for himself is junior De’Von Flournoy.Last season, Flournoy caught a total of zero passes. He has no catches in his Trojan tenure. But looking at him this spring, you sure wouldn’t think he was inexperienced.Flournoy has made the routine catches but has made the difficult ones as well. And he is enjoying every second of it.“It’s been wonderful,” Flournoy said. “I’ve been put in a position I’ve never been at before.”Flournoy came to USC as a four-star recruit out of Birmingham High School. He had offers from some of the college football heavyweights, including Notre Dame and Oregon. Injuries, however, have hampered his career.He has gotten lost in the receiving mix with Woods, Lee and former top recruit receiver George Farmer, all from Serra High School in Gardena, Calif., headlining the squad.But injuries caught up with Farmer and Woods this spring, and Flournoy has been working with the first-string offense in their place.Flournoy has had to change his outlook now that he is a focal point of the offense.“It’s definitely a mindset,” Flournoy said. “I have to prepare myself the day before for all kinds of positions. I have to be ready for anything.”He also said that in working with the first team, he has paid greater attention to detail and is taking things more seriously.“I’m getting [more of a] feel for football,” Flournoy said. “[I’m] getting more comfortable being out on the field and just bettering myself as a football player.”With more exposure and more chances to succeed, Flournoy has also gained a great deal of confidence.But it is not just playing with the first team that is giving the junior confidence; it is his knack for the spectacular play and knowing that coaches are watching.“I’m getting confidence by being out here, but I’m getting confidence by making big plays because I know it’s on film,” he said. “Like [associate head] coach [John] Baxter always says, ‘Every day, the coaches are going upstairs and watching a silent movie about you.’”While his playing time has changed, so has his regular quarterback. Though he and freshman quarterback Max Wittek have the most catches between them this spring, Flournoy has had to adjust to catching passes from senior quarterback Matt Barkley.“Every quarterback throws the ball differently,” Flournoy said. “Getting reps with Barkley out here [in practice] and outside of school is a good thing, because we’re working on timing … and that’s where you want to be. You want to be with the first team.”When it comes down to it, however, Flournoy said that though his quarterback is different now, his job will always be the same: to catch the football when it comes his way, no matter who throws it.“It’s just being out there and in a different position and just being able to catch the ball from the quarterback … if he trusts you enough to throw you the ball,” Flournoy said.The offense has been somewhat of a work in progress this spring, with players normally atop the depth chart out with injuries. Flournoy, however, has not made any excuses; he is playing with the first team.“We’ve installed a lot of plays so, as an offense, we have a lot that we’re handling mentally,” Flournoy said. “We just have to go out there and just execute it.”Flournoy will likely take a back seat when Woods and Farmer return; however, he said he is making the most of his opportunities and is soaking in everything he has learned this spring, at every position he can.“I’m not going in with the mindset I’m playing one position,” Flournoy said. “I’m in the mindset of being thrown everything.”last_img read more

A Malachi Richardson impostor spent a day fooling everybody: ‘I got catfished in person’

first_imgIn every way it was Malachi Richardson, except it wasn’t. The two pierced ears. A somewhat scraggly high-top fade haircut. The “Always Reppin’” shirt with the orange block “S” that Syracuse wore during warmups in the NCAA Tournament. And a face that, for someone not entirely familiar with the looks of the former Syracuse standout, could easily be mistaken for Richardson’s.For all intents and purposes, he’ll be referred to as the impostor. He rode a commercial flight early Saturday morning from Syracuse’s Hancock International Airport to Newark Liberty International Airport, where he stopped for pictures, videos and autographs before hopping on a plane to Florida. Two 20-year-olds from central New York, Dustin DuBrule and Sean Loveless, rode both flights with the impostor and fell victim to his charade. DuBrule posted his photo with the impostor shortly after 11 a.m. on Saturday, but it didn’t start circulating until late Sunday night, when Loveless tweeted at Richardson to clarify that he had in fact been duped the day before.“A normal person would be like, ‘It’s not me, but thanks,’ or just says, like, ‘I look like him,’” Loveless said. “I am pissed off … I just have a random picture with somebody who I don’t know who he is.”The impostor still remains nameless as of late Sunday night to the two 20-year-olds, most likely along with everyone else fooled throughout the day on Saturday.And while the real Malachi Richardson could see his name grow in popularity over the next month, another Malachi Richardson could be reveling in the humor of his stunt somewhere in Florida’s warm summer while remaining a mystery.“I got catfished in person,” Loveless said. “Like who gets catfished in person? And then I did.” Comments Related Stories Malachi Richardson reportedly signs with agent, officially ending his college careerHow Michael Gbinije and Malachi Richardson fared at the NBA Draft Combine on Thursday Malachi Richardson was on my plane tho pic.twitter.com/uqdGSCgotK— Dustin DuBrule (@DustinDuBrule) May 21, 2016AdvertisementThis is placeholder textThe impostor signed DuBrule’s basketball and told him that he didn’t care which NBA team selected him in the upcoming draft, just that he wanted to be taken. He posed for a picture with Loveless, who waited to approach the impostor until the crowd of around 10 people surrounding him in the tunnel leading from the plane to the gate dissipated.  He even obliged to the request of a stewardess on the first flight, who asked that the impostor send a message to her son in a video.“He really woke up in the morning like, ‘I’m trying to be Malachi Richardson today,’” DuBrule said in a phone interview Sunday night. Published on May 23, 2016 at 2:06 am Contact Matt: mcschnei@syr.edu | @matt_schneidman When the impostor boarded the flight from Syracuse to Newark around 5 a.m. on Saturday, passengers mumbled amongst each other that a recognizable face had joined them. Loveless resisted the urge to approach him immediately and like other passengers on the flight, waited until the plane landed in New Jersey around 7 a.m. to ask for favors.After the impostor’s fellow passengers finished crowding around him, other bystanders in the airport began flocking toward the Richardson lookalike. He never swayed from character, even taking a video with a mom and her son while advising the son to stay in school.Richardson, of course, didn’t heed the impostor’s advice and will instead hope to hear his name called in the first round of this year’s NBA Draft after foregoing his final three years of eligibility at SU.That, in part, is what made the actual Malachi Richardson’s presence on the flight more believable.“He’s still the type of person where he’s humble because he doesn’t have all that money to own his own jet yet and he still has to drive and fly commercial,” Loveless said.This wasn’t an isolated instance where a well-known figure’s doppelganger jokes around with one person and pretends to be someone more famous than themselves. This was intentional, effectively scripted from head to toe, fooling masses of people in Richardson’s own home state about an hour’s car ride from his hometown of Trenton, New Jersey. Facebook Twitter Google+last_img read more

Playoff baseball continues to provide special moments

first_imgPerhaps we don’t see it much in Southern California, but this is the time of year when the cool air rolls in and the leaves begin to change. For a certain group of sports fans, this change of weather means one thing: the MLB postseason. I love October baseball. It’s not my favorite playoffs of the professional sports — the NHL holds that spot — but when October rolls around, I’m always excited for baseball playoffs, regardless of if I have a team in contention or not. There’s just something about the magic of October baseball that I really love. Some of my most memorable sports moments happened in October. I’ve gotten to see the Red Sox win the World Series three times in my life. While all wins are great, the 2013 win sticks out to me the most. I remember Game 6 at Fenway Park the most. John Lackey took the mound after losing Game 2, also at Fenway. The Red Sox knocked in six runs, three each in innings three and four. At this point, sitting on my couch at home, I was on top of the world. The Red Sox were set to win their third World Series in 10 years. The Cardinals picked up a run in the seventh, but I wasn’t worried. I could just feel that the Red Sox were going to win. Koji Uehara came in as the closer. When he walked out, I knew the Red Sox were finally going to clinch the World Series at Fenway — something that hadn’t happened in 95 years. Uehara struck out Matt Carpenter to win it all. Watching the team and the fans at Fenway celebrate, I jumped off the couch, just as happy as all of them. I wanted more than anything to be there that day. Going to Fenway had been my dream since I was about 7 or 8. I finally got to live out that dream this past May. While at Fenway, I got to see all of the team’s World Series memorabilia. Getting to see everything from the 2013 World Series was beyond cool. To top the victory off, David Ortiz was named the World Series MVP. I was so excited for him that I cried during the presentation of his award and his interview. It was a pretty amazing Wednesday.The second most memorable memory I have is Game 2 of the 2015 National League Division Series. My friend Sam and I sat atop Dodgers Stadium excited to watch Zack Greinke pitch. It was an eventful game, to say the least. The Mets knocked in two early, which brought down our spirits just a bit, but then the Dodgers knocked in one a inning or so later. The Dodgers were down 2-1 in the bottom of the seventh when one of the biggest things to come out the this series happened. With one out, Chase Utley slid into second, collided with Ruben Tejada, and broke his leg. At first, everyone in Dodgers was screaming and cheering that Utley was called safe. It wasn’t until Tejada didn’t get up that everyone realized something was wrong. A silence more or less fell through the stadium as they played replay after replay on the big screen — Tejada still hadn’t gotten up. It felt like forever until they finally brought the stretcher out. Everyone clapped as Tejada was strapped on and taken off the field. The Dodgers went on to score four runs in that inning, winning the game 5-2. After the first run, the stadium was rocking. It continued to get louder and louder with each run the Dodgers scored. That was some of the most fun I’ve ever had at a sporting event.Even though the Dodgers ended up losing the series, it was still a great game and atmosphere to take part in. The Dodgers haven’t won a World Series in my lifetime, but every year when October rolls around and the boys in blue are playing, part of me hangs onto the hope that it’ll finally be the year. So far, it’s never been the year, but maybe this year will be different. To me, October baseball is the best kind of baseball. There’s a type of magic around it that keeps me coming back year after year. Maybe it’s the fact that the MLB season has 162 games that make October so special. There are stretches of the baseball season that don’t seem to matter. With so many games, baseball feels long and tedious, but that’s not the case in October. Crazy and exciting things always seem to happen in the postseason. This year’s playoff is nothing short of expectations. The Cubs are looking to break their 107-year curse. The Indians are looking to win their first championship since 1948. The Dodgers are trying to “Win for Vin” and get their first title since 1988. Whoever ends up winning, it’ll be an exciting, magical journey through October, and I couldn’t be more excited to watch. Jodee Storm Sullivan is a junior majoring in broadcast and digital journalism. Her column, “The Storm Report,” runs Tuesdays.last_img read more

St. Lucia celebrates independence anniversary – 40 years

first_imgFlag of Saint Lucia CASTRIES, St. Lucia, CMC – St Lucia celebrated its 40th year of political independence on Friday, February 22In his Independence Day message Prime Minister Allen Chastanet urged St. Lucians to reflect on the country’s journey. He said St. Lucians should “keep in mind the things that bind us together: our faith, our values, our community, our shared accomplishments, our families.”He urged the citizens to make the next 40 years count, noting that there is still a lot to be done in the areas of crime, education, health care, agriculture, housing, environment, and in the eradication of poverty. However, he said he was confident, now more than ever, that together the country will solve these problems.“As a grown-up nation of 40, we need to be bold and confident, to be disciplined, family-oriented, show maturity and above all remain humble.“On this 40th anniversary of our independence, let us as Saint Lucians make a solemn pledge to turn over a new leaf. Recognizing our ability as a small country to compete with the rest of the world.Innovators “When people think of St Lucia we must be seen as innovators, a country of excellence, a nation that is peaceful and God-fearing,” the Prime Minister noted.” Now at 40, we have no choice but to accept our responsibilities, the first being to guarantee ourselves, and those who rely on us, a better now and tomorrow—regardless of impediments; come rain or shine. We can no longer afford to be distracted by small-mindedness and selfish considerations,” Chastanet noted.At beginning of February, St. Lucia was already in   full Independence mode  – preparing for a year-long celebration under the theme: “All in, our journey, our future.”Some  of the planned activities   include calypso competitions, teen pageant competitions, ecumenical services and school rallies across the island.last_img read more