Irish Green rally draws 20,000; 9 arrested at game

first_img “The numbers were off the charts,” Seamon said. “Everyone is excited about Coach Kelly and the team, and we really want to capitalize on that excitement.” Overall, the weekend ran smoothly despite rain on Saturday, and students and fans showed up under the blue skies on Friday for the pep rally at Irish Green, Seamon said.  Most of the fans removed from the Stadium were targeted for impairment or possession of alcohol, Johnson said.  Saturday’s crowd generally arrived later because of rain earlier in the day, but the rivalry still brought about 10,000 more fans to campus than the Purdue game the previous weekend, he said. “The pep rally to our best guess was well over 23,000 people,” Seamon said. Seamon said the tunnel into the Stadium was open to the public again Friday, and more than 4,200 fans entered through the gates to see the field.  “Police made two arrests on campus outside of the Stadium,” he said. “Both arrests were for public intoxication, and additional charges of minor consuming and resisting law enforcement were requested against one of the subjects.”center_img Pedal cabs and golf carts provided campus transportation for fans again Saturday. Due to rain, the pedal cabs were not available Saturday morning but ran over 240 rides during the afternoon, and fans are taking advantage of the golf carts as well, Seamon said.  “We did about 1,100 golf cart rides Friday and Saturday,” Seamon said. Damp weather did not prevent nearly 110,000 fans from heading to campus Saturday for the football game against rival Michigan, Director of Game Day Operations Mike Seamon said.  Seamon said between 3,000 and 3,500 undergraduates participated in the student walkover and the rally, and Game Day Operations gave away 2,500 thundersticks to members of the student body.  Notre Dame Security Police (NDSP) arrested nine people in total and removed 63 people from the Stadium, NDSP Director Phil Johnson said.last_img read more

Proposed board actions

first_img May 1, 2005 Regular News Proposed board actions Proposed board actionscenter_img Pursuant to Standing Board Policy 1.60, the Board of Governors of The Florida Bar hereby publishes this notice of intent to consider or take final action at its June 3 meeting on the following items. These matters are additionally governed by Rule 1-12.1, Rules Regulating The Florida Bar, where applicable. Most amendments to the Rules Regulating The Florida Bar that are finally acted upon by the board must still be formally presented to the Supreme Court, with further notice and opportunity to be heard, before they are officially approved and become effective. To receive a full copy of the text of any of these proposed amendments call (850) 561-5751 — reference any requested proposal by its title or item number and date of this publication. RULES REGULATING THE FLORIDA BAR Chapter 3 Rules of Discipline Subdivision 3-7 Procedures 1. Rule 3-7.2 Procedures Upon Criminal or Professional Misconduct; Discipline Upon Determination or Judgment of Guilt of Criminal Misconduct Summary: Within subdivision (b) and (c), extends the conclusive proof of guilt provisions regarding felony cases to all criminal cases; within subdivision (c), requires a member of the bar who is arrested on felony charges to give notice of such arrest to the executive director; also requires such notice from the state attorney’s office assigned to the felony case if the defendant is known to be a Florida Bar member. Chapter 4 Rules of Professional Conduct Subchapter 4-1 Client-Lawyer Relationship 2. Rule 4-1.5 Fees for Legal Services (contingent fees) Summary: Consistent with existing commentary language, adds verbiage within subdivision (f)(4)(B)(ii) intended to further clarify the process by which a trial judge should consider an upward departure from an otherwise presumed reasonable fee under the provisions of this rule; discusses the burden of justifying an increased fee placed on both the lawyer and client, and the criteria for judges to consider in reviewing a petition for approval of such a fee. 3. Rule 4-1.8 Conflict of Interest: Prohibited and Other Transactions Summary: Within subdivision (h), adds new language that would permit lawyers to contract with clients to resolve any fee dispute that may arise, through mandatory arbitration; prohibits such arrangements unless the lawyer first advises the affected person in writing of the opportunities of independent representation; sets forth required language for any such attorney-client agreement; proposed as companion to suggested amendments creating new rule 4-1.5(i). Chapter 6 Legal Specialization and Education Programs Subchapter 6-1 Generally 4. Rule 6-1.2 Public Notice Summary: Updates explanation of board certification, for public notice in telephone directory yellow pages. Subdivision 6-4 Standards for Certification of a Board Certified Civil Trial Lawyer 5. Rule 6-4.1 Generally Summary: Incorporates professionalism reference in preamble as to purpose of board certification. 6. Rule 6-4.3 Minimum Standards Summary: Substantial editorial rewrite of rule, with some substantive edits as noted; within subdivision (a), adds competence to substantial involvement criteria; in subdivision (a)(1), increases the active participation practice time from 30 to 50 percent; in subdivision (a)(2), specifies that each of the 15 minimum cases must involve substantial legal or factual issues; identifies matters unacceptable for the 15-case requirement; defines a “day” as at least 6 hours for purposes of this rule; and includes an allowance of 3 substitutions, including evidentiary hearings or preliminary injunctions lasting at least 1 day and involving substantial legal or factual issues – provided that matters submitted as substitutions are adversarial and binding on the parties, with “binding” meaning that parties must honor the court’s decision unless overturned pursuant to law; in subdivision (a)(3)(b), specifies that peer review must be sufficient to confirm competence, ethics, and professionalism; otherwise clarifies throughout that “courts of general jurisdiction” mean circuit courts, federal district courts, or courts of similar jurisdiction in other states. 7. Rule 6-4.4 Recertification Summary: Substantial editorial rewrite of rule with some substantive edits as noted; within subdivision (a), adds competence to substantial involvement criteria and increases active participation practice time from 30 to 50 percent; within subdivision (b)(1), reduces from 3 to 2 the number of contested trials for recertification; specifies that at least 1 trial must be a jury trial and handled by the applicant as lead counsel; references unacceptable trial matters for recertification, from rule 6-4.3(a)(2); allows a creditable non-jury matter to be an evidentiary hearing or preliminary injunction, as defined in rule 6-4.3(a)(2); within subdivision (b)(2), also permits recertification with 1 jury trial as lead counsel lasting a minimum of 10 days, with each day defined as at least 6 hours, in lieu of 2 contested cases; within subdivision (c), would allow the jury trial/lead counsel requirement to be replaced by either teaching or attending an advanced trial advocacy seminar, eliminating the substitution for a non-jury trial; within subdivision (d), specifies that peer review must be sufficient to confirm competence, ethics. and professionalism; otherwise clarifies throughout that “courts of general jurisdiction” mean circuit courts, federal district courts, or courts of similar jurisdiction in other states; revises other subdivision entries as editorially necessary to accommodate these proposed changes. Chapter 10 Definitions Subchapter 10-3 Standing Committee 8. Rule 10-3.1 Generally Summary: Adds recusal provision as new subdivision (b), consistent with current practices and similar revisions proposed for rule 10-4.1 and circuit UPL committee members; adds new subdivision titles for existing text due to insertion of these proposed changes. Subchapter 10-4 Circuit Committees 9. Rule 10-4.1 Generally Summary: Adds recusal provision as new subdivision (g), consistent with current practices and similar revisions proposed for rule 10-3.1 and standing UPL committee members. Chapter 14 Grievance Mediation and Fee Arbitration Subchapter 14-6 Nature and Enforcement of Award 10. Rule 14-6.1 Binding Nature (fee arbitration awards) Summary: Adds, as new subdivision (c), provisions to confirm that a member’s failure to timely pay a fee arbitration award without just cause shall result in the member being delinquent and unauthorized to practice law pursuant to rule 1-3.6; amends subchapter and rule title to reflect this new matter. Chapter 17 Authorized House Counsel Rule Subchapter 17-1 Purpose 11. Rule 17-1.3 Activities Summary: Within subdivision (b), clarifies that authorized house counsel must disclose their status as such in communications with individuals outside the corporation with which the authorized house counsel is registered and certified; provides examples of acceptable disclosure language. Chapter 18 Military Legal Assistance Counsel Rule Subchapter 18-1 Generally 12. Rule 18-1.2 Definitions Summary: Within subdivision (a)(4), expands definition of authorized legal assistance attorney to include persons who also complete a resident military officer basic course which qualifies them to be JAG officers in their particular military service. STANDING BOARD POLICIES 1500 Series – Lawyer Regulation Policies 13. Policy 15.20 Recusal of Board Members Summary: Consistent with proposed changes in policy 15.10, adds language within subdivision (a) to clarify that the president or presiding officer may order recusal of a board member in a disciplinary matter upon concurrence of a majority of the board; further clarifies that a recused member may not participate in any manner of discussions with any member or group of members of the board concerning the matter; adds new language stating that a recused member should not be present when the matter is being debated by the board. SECTION BYLAWS 14. Workers’ Compensation Section Bylaws Summary: Within Article III (Officers) increases the size of the executive council, from 27, to 30 members; revises executive council membership to require at least 15 claimants’ and 15 employers’/carriers’ attorneys; revises the annual terms of office for all officers, to commence on July 1 of each year rather than at the conclusion of the council’s annual meeting; within Article V (Nomination and Election of Officers and Executive Council) increases the number of council members separately nominated by both the council and membership, from 4 to 5; includes other non-substantive editorial or conforming changes throughout; within Article VI (Committees) revises names of “specialization” committee, to “board certification” committee, and “planning” committee to “long range planning” committee. CLIENTS’ SECURITY FUND REGULATIONS 15. Regulation 14 Definition of Useful Services Summary: Revises regulation that states CSF claims “will be denied” if useful services were performed to a claimant, to read that claims “may be denied” in such instances; adds a definition of useful services.last_img read more

Do This: Long Island Concert & Events April 14–20

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Steel PulseRoots reggae fans, rejoice! Steel Pulse will bring their special Afro-Caribbean sound to Westbury where fans of this legendary group from Birmingham, England will revel in their soulful rockin’ riddims. Steel Pulse, the first non-Jamaican reggae band to ever win a coveted Grammy award, blends a taste of traditional punk with their Island-spiced music, creating an awesome experience that will get your blood flowing and your heart pounding. With special guests Oogee Wawa. The Space at Westbury, 250 Post Ave., Westbury. thespaceatwestbury.com $30-$45. 8 p.m. April 14.Frankie BallardCountry fans: this one’s for you! Frankie Ballard, the 33-year-old country crooner who won 2008’s “Kenny Chesney’s Next Big Star” music competition, will bring his singing chops to Long Island, y’all.  His signature voice is sure to woo the ladies in the audience! (He’s easy on the eyes, too, just sayin’.)  NYCB Theatre at Westbury, 960 Brush Hollow Rd., Westbury. venue.thetheatreatwestbury.com $19- $39.50. 8 p.m. April 14.Roger McGuinnRock and Roll Hall of Famer Roger McGuinn, the former lead singer and lead guitarist of the legendary ’60s band The Byrds, will soar with the iconic tunes he is known and loved for, especially his rendition of Dylan’s classics. Guitar fans will get the chance to watch his finger-flying riffs he pioneered on the West Coast, and has played to perfection ever since. YMCA Boulton Center for the Performing Arts, 37 West Main St., Bay Shore. boultoncenter.org $45-$50. 8 p.m. April 14.The 24th Annual Long Island Guitar FestivalTalk about a spring string fling, the concerts for the 2016 festival will feature Andrew York, Berta Rojas, David Starobin, lutenist Ronn McFarlane and Hilary Field. Don’t fret about it–just show up! Tilles Center for the Performing Arts, LIU Post, 720 Northern Blvd., Brookville. tillescenter.org Prices and times vary. April 13-17.GhostFresh off of their Grammy win for Best Metal Performance, Ghost, a band comprised of “nameless ghouls,” is touring to promote their new record, Meliora. The album evokes the theatrics of Kiss, Alice Cooper, The Misfits, David Bowie and Gwar. Spooky! Opening the show will be The Shrine. The Paramount, 370 New York Ave., Huntington. paramountny.com $27.50-$64.50. 8 p.m. April 15.Robert Randolph and The Family BandListed on Rolling Stones’ top 100 greatest guitarists of all time is New Jersey native Robert Randolph. If you didn’t know that before, now you do. For more than 15 years, Randolph and the Family Band have brought their special funky sauce to liven up people’s evenings with unforgettable performances. Known for playing before every Friday night Knicks game, Robert Randolph and the Family Band haven’t lost a beat. Wish we could say the same for the team. Opening the show is Memphis Crawl. The Space at Westbury, 250 Post Ave., Westbury. thespaceatwestbury.com $29.50-$45. 8 p.m. April 15.James O’Malley and Josh JoffenO’Malley sings his songs in a subtle, whispering tenor that completely draws the listener into the story he is telling. Joining him is Joffen, another great musician, who will also perform separately. It promises to be an intimate evening full of artistic prowess. Our Times Coffeehouse, 38 Old Country Rd., Garden City. ourtimescoffeehouse.org $10-$15. 8 p.m. April 15.Wendy LiebmanThe 1996 American Comedy Award winner is back after a crazy two years. What took her so long? Well, she did get hit by a drunk driver, but this spirited Long Island native wouldn’t let that stop her from returning to the stage and doing her unique stand-up. We’re happy to see her. Maybe laughter is the best medicine! Governor’s Comedy Club, 90 Division Ave., Levittown. govs.govs.com $25. 8 p.m. April 15, 7 & 9:30 p.m. April 16.Keep Pluggin Retro Video Game ExtravaganzaIf you long to play Super Mario Brothers again or Ms. Pac Man, then bring your thumbs and more to the spring edition of “Keep Pluggin Retro Video Game Event: Buy/Trade/Sell/Play!” at the Unitarian Universalist Fellowship of Huntington. There will be at least 25 gaming stations featuring free play, plus arcade machines and tournaments, along with vendors selling thousands of video classics and vintage retro systems (think: Nintendo, Sega, Intellivision, Playstation). Are you game? For more info, contact Ben Farrell, the event founder at 631-335-1505. UUFH, 109 Browns Rd., Huntington. $10 adults, $6 for kids 10 and under. 10 a.m. to 6 p.m. April 16.David CassidyHe’ll be playing his hits, including “I Think I Love You,” “I Can Feel Your Heartbeat,” “One Step Short of Our Heaven.” The Suffolk Theater, 118 Main St., Riverhead. suffolktheater.com $59. 8 p.m. April 16.Cask Ales FestThis isn’t the typical craft beer festival. Patrons can sample cask ale, aka “real” unfiltered and unpasteurized ale, served without CO2 or nitrogen and brewed by more than 50 breweries nationwide. Also on tap will be interactive brewer sessions, beer pairings, live music and local food trucks. Blue Point Brewery, 161 River Ave., Patchogue. craftbeerfestivals.com/blue-point $55. 2 p.m April 16.Riley LynchThis Connecticut teen launched his way into America’s hearts on season 3 of the X Factor—when he made it to finalist!—and he hasn’t looked back since. This singer/songwriter has tremendous talent. His terrific performances supporting his new EP of original tunes are something you won’t want to miss. You’ll want to say: “I saw him when…” Be there or be square. Warming up the crowd will be Allie Martocci, Jenna Rose, Morell Brown, Gianni Paci, Phantoms & Fables and A Place To Hide. Revolution Bar and Music Hall, 140 Merrick Rd., Amityville. revolutionli.com $12-$25. 2 p.m. April 16.Robin TrowerEnglish psychedelic blues rock legend Robin Trower’s Hendrix-esque mastery of the Stratocaster feeds the free-loving soul. Come let him transport you to the stratosphere. Supporting acts include Phil Varca and The Slam Jammers. The Paramount, 370 New York Ave., Huntington. paramountny.com $39.50-$79.50. 8 p.m. April 16.Selena’s 45th Birthday Tribute ConcertWith the 45th birthday of the late singer Selena approaching, it is only right she gets the proper tribute she deserves. Long Island native Genessa & The Selena Experience is the best way to honor the life of the “queen of Tejano music.” Fans of Selena will not want to miss this chance to celebrate her legacy. NYCB Theatre at Westbury, 960 Brush Hollow Rd., Westbury. venue.thetheatreatwestbury.com $19.50-$39. 8 p.m. April 16.John Primer BandFor over 50 years John Primer has been playing the Chicago Blues all across the country.  This Mississippi native is still as sharp and smooth as ever, even at the age of 71. He promises to give a great night of music. Treme Blues and Jazz Club, 553 Main St., Islip. tremeislip.com $20. 8 p.m. April 16.Desiigner & Fat Joe & Remy MaFunk Master Flex spins, Desiigner, Fat Joe & Remy Ma perform live. Go for it! Get your groove on. The Emporium, 1 Railroad Ave., Patchogue. theemporiumny.com $20-$30. 10 p.m. April 16.Favorite Poem ProjectLocal poetry fans can submit their favorite published poems with an explanation of its significance and be considered for a chance to bring the words to life at a poetry reading at the Walt Whitman Birthplace, the interpretive site for Long Island’s most famous poet. Walt Whitman Birthplace, 246 Walt Whitman Rd., Huntington Station. waltwhitman.org Free. 2 p.m. April 17.John GorkaThis folk legend will perform in celebration of his 12th studio album, Bright Side of Down, which features broad themes of winter-to-spring, of unforgiving edges, of savage beauty and being at the mercy of larger forces that we barely understand. Long Island Museum, 1200 Route 25A., Stony Brook. sundaystreet.org $25. 5 p.m. April 17.Steve Forbes & Elizabeth AmesSteve Forbes, editor-in-chief of Forbes Magazine, and author Elizabeth Ames will be speaking and signing their new book, “Reviving America.” Book Revue, 313 New York Ave., Huntington. bookrevue.com Price of book. 7 p.m. April 18.The Family Next Door – Trailer from michael messner on Vimeo.The Family Next DoorThis documentary follows the Lund family’s struggles raising four children, two of whom are on the autism spectrum. Filmmaker Barry Reese and subject Donna Lund will discuss the movie during the reception. Cinema Arts Centre, 423 Park Ave., Huntington. cinemaartscentre.org $10 members, $15 public. 7:30 p.m. April 20.last_img read more

Missing Endicott man found dead in Owego

first_imgDavy was reported missing on April 10. OWEGO (WBNG) — Police have confirmed with 12 News that the body found near the Susquehanna River Monday morning was 30-year-old Dominic Davy of Endicott. The Endicott Police Department says a toxicology test is pending at Lourdes Hospital. Davy was a professor at Binghamton University.center_img There is no indication of foul play according to police. The department says the cause of death is listed as “undetermined” and “consistent with drowning.”last_img

South Dakota governor’s Trump fundraiser appears to be funneling directly into her campaign

first_imgNBC News reports that Noem launched her “fundraising campaign” shortly after the election had been called for president-elect Joe Biden on Saturday. The site allows contributors to check the amount of their donation and includes a box to cover a processing “so 100% of my donation goes to Kristi for Governor.”Vice president of policy and litigation at Common Cause Paul S. Ryan told NBC that the chances Gov. Noem is even considering sharing the money with the Trump campaign is somewhere between zero and zero times zero. “If she were actually interested in raising money for Donald Trump’s own legal efforts, she would use a joint-fundraising committee.”- Advertisement – – Advertisement – Gov. Kristi Noem is overseeing the largest outbreak in the country of COVID-19 cases in recent weeks. Between her state and neighboring Republican-led North Dakota, the two states have become the first two states to “surpass 100 cases per 100,000 people.” One week after Election Day, South Dakota is looking at a 35% increase in cases, an uptick in deaths due to the virus, as well as a 46% increase in hospitalizations. That’s what electing a Republican gets you these days. Oh, and no health care, so sorry you’re sick. Gov. Kristi Noem has tried nothing and nothing has worked. last_img read more

Indonesia records spike in COVID-19 cases as govt eases restrictions

first_imgThe number of daily recorded COVID-19 cases in Indonesia has continued to increase in the past five days as the government gears up to implement the so-called “new normal” measures and eases large-scale social restrictions (PSBB).The government announced 1,241 new confirmed cases on Wednesday, surpassing the previous all-time-high of 1,043 new cases recorded the previous day, with 36 news deaths and 715 newly recovered patients also recorded. In total, the country has recorded 34,316 confirmed cases with 1,959 fatalities and 12,129 recoveries so far. The Health Ministry’s disease control and prevention director general, Achmad Yurianto, said that East Java had recorded the highest increase at the provincial level with 273 new cases, followed by South Sulawesi with 189 new cases, Jakarta (157), Central Java (139) and South Kalimantan (127).He added that 15 provinces had reported less than 10 new cases and six areas reported no additional cases.Since Saturday, the country has continued to record high numbers of new cases, with 993 recorded on Saturday, 672 on Sunday, 847 on Monday and 1043 on Tuesday. The new cases were mainly recorded in East Java, South Sulawesi, South Kalimantan and Jakarta.The spike in cases may have been caused by the central government’s and several regional administrations’ decision to gradually ease PSBB measures before eventually reopening economic activities under the “new normal” policy.  Yurianto, however, claimed that more “aggressive” contact tracing conducted by the government was the reason for the increase. “The new cases mostly came from the testing of samples sent by community health centers [Puskesmas] and regional health agencies. It has not been dominated by samples from hospitals,” he said during a press conference on Wednesday.”Overall, we can see that cases are still increasing. But if we see the distribution per province, most of them are, in fact, already in a stable condition,” he went on to say.Jakarta, one of the first provinces to ease restrictions, began its transition phase on June 5, with the capital set to gradually reopen public places, offices and factories. Governor Anies Baswedan decided to start the transition period on this date because many parts of Jakarta have now downgraded from red zones to green or yellow zones, indicating a decline in the number of new COVID-19 cases.East Java has recorded an increasing number of COVID-19 cases, with its capital Surabaya recording more than 3000 cases. Meanwhile, the governor of South Sulawesi claimed on Wednesday that there were more green zones than red zones in the province, despite the increase in daily new cases, kontan.co.id reported.Topics :last_img read more

All life’s comforts await high on the hill

first_imgThe kitchen at 23 Bahrview Drive, Bahrs Scrub.Mr Payne said the property had been a great family home.“Christmas, Easter and all those sort of things were always there. My youngest daughter was married at home and my eldest daughter had her wedding photos there, too,” he said.“At one point both girls, their husbands and one of our grandchildren were living here.”More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020 One of the living spaces at 23 Bahrview Drive, Bahrs Scrub.The main house has a cinema room with theatre lounge and sound proofing, family room with fireplace, bathroom, laundry and gym on the ground level.On the second floor there are formal dining and living rooms with a granite fireplace, and an open-plan living, dining and kitchen area. All the living areas open to the wraparound veranda.The two bedrooms on this level have walk-in robes and there is a family bathroom. The property at 23 Bahrview Drive, Bahrs Scrub.THIS sprawling 7283sq m property with main house and cottage is perched high on a hill in Bahrs Scrub.Owners Ron and Donna Payne built the property at 23 Bahrview Drive 25 years ago.“I love the privacy and the nature of the home. It has everything you could imagine — swimming pool, tennis court and home cinema. It’s like a resort really,” Mr Payne said.“I like sitting on the veranda and looking at the view and enjoying the breeze. I don’t mind watching a movie in the home cinema either.” The pool at 23 Bahrview Drive, Bahrs Scrub.The property includes a tennis court, pool and sauna.The home is being marketed by John Jessop of Elders Real Estate Shailer Park. The rumpus room at 23 Bahrview Drive, Bahrs Scrub.The main bedroom takes up the entire top floor and includes built-in robes, study nook, sitting area and ensuite with corner bath, dual basins and shower.On the lower level of the cottage there is open-plan living, dining and kitchen, bathroom, veranda and two bedrooms with a walk-in robe and ensuite to one.Upstairs there is an open-plan dining and kitchen area, bedroom, lounge area and study.last_img read more

Dutch electronics giants Philips makes €600m contribution to pension fund

first_imgEven though the scheme has now surpassed the legally required financial reserves of 107% coverage, it warned that it still considered itself to be in the “danger zone”, and was therefore still deliberating over the possible indexation of pension rights.The Philips Pensioenfonds said it lost 0.3% on its 70% liability-matching portfolio – meant to finance most of its liabilities, as well as 2% inflation – during the fourth quarter.In contrast, the scheme’s 30% return portfolio generated 5.5%, thanks to well-performing equity and high-yield credit.The return portfolio, which also includes emerging market debt and property, is to bolster its financial buffers and finance any surplus inflation and longevity risk, the scheme said.The pension fund attributed the 0.2% outperformance in particular to the returns on high-yield credit and commodities. Dutch electronics giant Philips is to boost the assets of its €14.9bn pension fund with an additional contribution of €600m.It said €500m would be used to increase the coverage ratio of the Philips Pensioenfonds by 3 percentage points to 111%.The extra contribution, it said, is the result of a new collective labour agreement (CAO) between the employer and the unions.The Philips scheme reported a quarterly return of 1.3%, leading to funding of 108% at year-end, and an annual return of 0.6%.last_img read more

BlackRock accused of ‘myopic’ fossil fuel investment

first_imgA BlackRock spokesperson said the majority of its equity holdings, including those cited in the IEEFA’s report, were held through index-based exchange-traded funds and other index products, which track the investment results of third-party indices.“Index managers such as BlackRock seek to replicate the performance of the index and do not select or exclude one company over the other based on our views of a company,” the spokesperson added.“Index providers determine which companies to include in the indices they create based on the index methodology. The conclusions of this report are thus misplaced.”“A new path is needed that leads BlackRock, its clients and the global economy toward climate health and a new cycle of profitability and growth”IEEFAA source at a large asset manager backed up this view, saying that underperforming due to investment in fossil fuels was not BlackRock’s fault.“Investing in ETFs that track the stock market is particularly difficult during a period of market transition, where previously valuable sectors can become redundant,” the source added.The individual suggested a better question would have been whether BlackRock took an active bet toward fossil fuels that did not work out.Stewardship questions IEEFA has criticised BlackRock for its holdings in fossil fuel companiesIn its report the IEEFA also accused the world’s largest asset manager of a failure of stewardship across its passive investment portfolio, saying it had steered away from leading low-carbon strategies adopted by investors such as Sweden’s AP4.BlackRock had instead opted to pursue a strategy of engagement with companies, but it was “entirely questionable” whether this approach was yielding material results.IEEFA also argued that BlackRock’s board was a problem, with too many of its members in key decision-making roles having “significant ties” to the fossil fuel sector.The think tank made five main recommendations for BlackRock, including leading the way on investing in low-carbon indices and adopting a strategic use of fossil fuel divestment.“BlackRock plays a powerful leadership role in the current global investment debate over the direction of fossil fuel investing, but the direction it is largely offering is backward,” said the IEEFA.“A new path is needed that leads the company, its clients and the global economy toward climate health and a new cycle of profitability and growth.”BlackRock has faced a steady stream of criticism over its activity with regard to climate change in recent years.The anonymous source told IPE that the attention the report from the IEEFA had received in the media was more interesting than its substance “as a reflection of the scrutiny that is turning to fund managers on their decisions and the connection between rhetoric and actions”.“Some will be misplaced, but the spotlight is clearly moving in our direction,” the individual said. A think tank has accused BlackRock of costing its clients more than $90bn (€81.4bn) from a select group of fossil fuel-heavy investments – although the asset manager has challenged the methodology and findings of the organisation’s report.According to the Institute for Energy Economics and Financial Analysis (IEEFA), BlackRock’s management of its fossil fuel holdings was “myopic”.“In holding after holding across the coal, oil and gas space around the world, weak performance over the last decade lags the market and weakens both actively and passively managed investments,” the think tank said.It highlighted the case of BlackRock’s holding in General Electric, which it said had declined by $19bn in value over a three-year period.last_img read more

Dirt Road Basketball Scores

first_imgThe 6th graders (15-4) will next be in action on Saturday, December 30th in the Greenfield Central High School Holiday Classic. Batesville 6th Grade @ Connersville Spartan Arena and Spartan BowlBatesville 32, Lawrenceburg 28After trailing at half-time 18-16 due to sharp shooting from 3 point range by the Tigers, the young Bulldogs did some sharp shooting of their own, firing 78% in the second half from the field to hold off Lawrenceburg.    Batesville shot 60% for the contest and outrebounded the Tigers 24-17 to overcome 16 turnovers and 7-18 from the free throw line.  Gus Prickel was solid as a floor general and led in scoring with 12.  Sam Johnson tallied 7, Jack Grunkemeyer 6, Conner Drake 4, and Chris Lewis 3.  Grunkemeyer had 7 rebounds and Drake 5.  Prickel had 2 assists. Batesville 39, Connersville 28The Bulldogs came out a bit flat after a hard earned victory earlier in the day and trailed Connersville 7-1.  After a time out to calm the team and refocus, the Bulldogs reeled off 8 straight to take a lead they would not relinquish.  The Bulldogs shot 41%from the field, outrebounded the Spartans 29-21, committed only 5 turnovers for the contest and were an impressive 12-18 from the free throw line to secure the victory and move to (10-0) in Dirt Road play.  Conner Drake led the team in scoring with9 points, Chris Lewis added 7, Gus Prickel 6, Sam Johnson 6, Jack Grunkemeyer 6, and Brendan Heiser 5.  Grunkemeyer had 7 rebounds, while Drake and Jonathan Buschle each had 5.  Heiser added 2 assists.                The 4th Graders (10-2) will next be in action on Saturday, December 30th in the Greenfield Central High School Holiday Classic The 5th grade Blue squad (5-5)  will next be in action on Saturday, December 30th in the Greenfield Central High School Holiday Classic. The 5th Grade White squad (0-10) will be off until after the Holidays when DRBL play resumes on Sunday, January 7th Batesville 4th Grade @ Batesville High SchoolBatesville 35, Milan 31Brayden Maple 13, Cayden Drake 6, William Kuisel 4, Caleb Mohr 4, Landon Raver 4, Ethan Schneider 2, Owen Enneking 2 Batesville 5th Grade White @ Rushville High School              Connersville White 34, Batesville White 15              Madison 34, Batesville White 8 Batesville 5th Grade Blue @ Rushville High School              North Decatur 23, Batesville Blue 21 (OT)              Greensburg 29, Batesville Blue 20 Batesville 47, Madison 14                              Brayden Maple 10, Cayden Drake 6, William Kuisel 6, Owen Enneking 4, Caleb Mohr 2, Ethan Schneider 2, Landon Raver 2 Good luck to all teams.  Go Bulldogs!Courtesy of Bulldogs Coach Paul Drake.last_img read more