Category: ielwinqm

New York expands coronavirus travel quarantine as US pandemic widens

first_imgDean Davis, 32, who lost his job due to the pandemic, said he arrived at the testing site at 3 a.m. on Tuesday after he waited for hours on Monday but failed to make the cutoff. “I was like, let me get here at 3, maybe nobody will be here,” Davis said. “I got here, there was a line already.”New COVID-19 infections are rising in 42 states, based on a Reuters analysis of cases for the past two weeks compared to the prior two weeks, putting the Unites States close to 3 million total cases.More than 130,000 Americans have died of COVID-19 – about a quarter of the global total – and the US Centers for Disease Control and Prevention has forecast that the death toll could reach 160,000 later this month.The surge has forced authorities to backpedal on moves to reopen businesses, such as restaurants and bars, after mandatory lockdowns in March and April reduced economic activity to a virtual standstill and put millions of Americans out of work.Miami, one of the current hot zones for the rise in new infections, has imposed a mask wearing requirement and ordered some businesses to close, with penalties imposed on those who do not comply.”We’re trying to put in a series of measures to once again flatten the curve, which unfortunately has completely spiked out of control in the city,” Miami Mayor Francis Suarez told MSNBC on Tuesday.Suarez said the “extreme measures” were necessary because more COVID-19 patients were on ventilators and the availability of intensive care unit beds was dwindling rapidly.School reopeningsMore states are reporting a troubling increase in the percentage of COVID-19 diagnostic tests coming back positive – a key indicator of community spread that experts refer to as positivity rate.Two dozen states, mostly in the South and West, have averaged positivity rates over the past week exceeding 5%, a level the World Health Organization considers to be concerning, data collected by Reuters shows.California’s positivity rate has also risen over the past two weeks. But Governor Gavin Newsom on Monday cited a 50% two-week spike in hospitalizations as impetus for beefed-up enforcement actions during the recent Fourth of July holiday.President Donald Trump, whose handling of the coronavirus crisis has been widely criticized, said on Monday that US schools must open in the fall, a decision over which he has little power.Colleges and universities have been forced to adjust reopening plans, including altering their calendars and holding some courses online. Harvard University said on Monday all of its courses would be online for the upcoming academic year.Trump, who is running for re-election on Nov. 3, will discuss school reopenings at the White House later on Tuesday.Topics : New Jersey, which along with New York had experienced the brunt of the early part of the US outbreak, also added the three states to its quarantine order.Parts of the United States, including Florida, Texas and California, have experienced a sharp rise in infections in the past two weeks, an indication that the pandemic remains largely uncontrolled despite the end of lockdowns to control its spread.A line of more than 200 cars snaked around the United Memorial Medical Center in Houston on Tuesday as people waited for hours in sweltering heat to get tested for COVID-19, the sometimes fatal illness caused by the coronavirus. Some had arrived the night before in order to secure a test at the drive-thru site.”I got tested because my younger brother got positive,” said Fred Robles, 32, who spent the night in his car. “There’s so many people that need to get tested, there’s nothing you can do about it.” Visitors from three more US states who travel to New York will be required to quarantine for 14 days to control the spread of coronavirus, Governor Andrew Cuomo said on Tuesday, as alarm grew over a surge in infections in large parts of the country.New York state, which had been the early epicenter of the US outbreak, unveiled the travel advisory last month in an effort to prevent a resurgence after the state got its outbreak under control.Delaware, Kansas and Oklahoma, all of which are grappling with “significant” community spread of the virus, have been added to the list, Cuomo announced in a statement, bringing the total number of states under the travel advisory to 19.last_img read more

Governor Wolf Announces 250 New Jobs with Company Expansion in Franklin County

first_img Jobs That Pay,  Press Release Harrisburg, PA – Governor Tom Wolf announced today that Manitowoc Cranes LLC, a global manufacturer of cranes and lift solutions, will expand its presence in Antrim Township, Franklin County by consolidating an out-of-state site into its site in Pennsylvania — a move that will create 250 new jobs over the next three years. Additionally, Manitowoc has agreed to maintain new, and retain its current positions, for an additional four years.“As a major employer in Franklin County for many years, we welcome Manitowoc’s decision to move its operations, and create more than 250 new jobs to Pennsylvania,” Governor Wolf said. “Manitowoc is committed to the community in Franklin County and understands that this is the best location to grow its business and make impactful investments within the region and beyond.”To optimize its manufacturing footprint, reduce costs, and expand margins, Manitowoc will relocate its manufacturing operations from Manitowoc, Wisconsin to Shady Grove, Pennsylvania. The company has committed to an investment of at least $19 million in the project, which consists of relocation and the purchase of equipment to support new product lines. Manitowoc has also committed to the creation of 250 new, full-time jobs over the next three years, and the retention of its current Pennsylvania workforce of 891 employees“After a comprehensive analysis and review of our current manufacturing footprint, coupled with current market conditions, we believe this restructuring initiative will ensure that our business continues to meet and exceed the needs of our customers every day,” said Barry Pennypacker, Manitowoc president and chief executive officer.Manitowoc received a funding proposal from the Department of Community and Economic Development that consists of a $1.35 million Pennsylvania First program grant.The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering locating or expanding in Pennsylvania, in collaboration with the Franklin County Area Development Corporation (FCADC).“The Manitowoc decision to consolidate and expand its crane production in Shady Grove is the result of the collaborative efforts of the FCADC, Governor’s Action Team, and SCPa Works, coupled with  Pennsylvania ‘s pro-business climate,” Mike Ross, FCADC president. “Today’s decision stands to have very favorable long-term impacts on our local manufacturing economy.”Founded in 1902, Manitowoc is a leading global manufacturer of cranes and lift solutions with manufacturing, distribution, and service facilities in 20 countries. Manitowoc is recognized as one of the premier innovators and providers of crawler cranes, tower cranes, and mobile cranes for the heavy construction industry, which are complemented by a slate of industry-leading aftermarket product support services.For more information on Manitowoc, visit more information about the Governor’s Action Team or DCED, visit Governor Tom Wolf on Facebook: SHARE Email Facebook Twitter Governor Wolf Announces 250 New Jobs with Company Expansion in Franklin Countycenter_img August 09, 2016last_img read more

Manager search study shows global shift towards non-traditional mandates

first_imgAltogether, the consultancy undertook 760 searches last year globally, down from 776 in 2012.Deb Clarke, global head of investment research at Mercer, said: “The trend away from traditional asset classes observed in recent years continues, driven mainly by investors seeking to diversify their growth portfolios and ensure they incorporate multiple return drivers.”She said investors were continuing to raise their allocations to global strategies, as well as to more diverse mandates, including investment in diversified growth funds and alternative assets.The firm said demand for multi-asset strategies was still strong, and that the number of searches in this area had risen by more than a third during the year. These searches were mainly in the UK and the US, but also seen in several other regions, it said.In the UK, the number of manager searches rose by 5% last year, and assets placed climbed to $22bn (€16bn) from $17.8bn, according to the survey.International multi-asset strategies were the most popular searches there, but, in terms of the weight of assets placed, developed market equities continued to dominate search activity, it said.Search activity rose in the rest of Europe, driven primarily by a big hike in both search numbers and assets placed in Germany.Infrastructure and timber were the most popular search categories in the region, it said.In Asia, manager search activity jumped to 66 in 2013 from 17 the year before, while assets placed rose to $3.5bn from $2bn.In Australia, search activity dropped to 85 from 111, with assets placed rising to $13.7bn from $6.8bn.In the US, meanwhile, manager searches continued to decline across defined benefit (DB) and defined contribution mandates.Within DB in the country, Mercer said, equity and bond searches fell while interest in alternatives grew. The most popular search category in the US last year was emerging market equities, although Mercer said US fixed income had had the largest share of assets placed. Manager search asset volumes around the world grew last year, and the pattern of activity reflected a shift towards non-traditional mandates, according to a study by Mercer.The consultancy said its 2013 global manager search trends report showed fixed income search activity had continued to move away from government and credit-benchmarked mandates.The survey, based on activity reported through Mercer’s client base internationally, revealed the number of searches had grown between 2012 and 2013 in the UK, the rest of Europe and Asia, but had decreased in Australasia and North America.However, across these regions as a whole, the value of assets placed increased markedly, it said.last_img read more

10 years on from Lehman: seven trends that have shaped the industry

first_img4Legal & General Investment Management298,509 2Credit Agricole Asset Management343,634 2. Dutch occupational pensions consolidate: The dominant Dutch duo of ABP and PFZW have roughly doubled in size as the Netherlands has pushed on with its consolidation efforts. They have been joined in the top 10 by one of the Netherlands’ two metal industry schemes, PMT.3. PIIGS: In contrast, Spain’s social security fund – the fifth biggest in Europe in 2008 although in reality simply a silo for government debt – has collapsed from €56.3bn to just €8.1bn at the end of 2017 as the country’s government drew down on its reserves. This has cast doubt on Spain’s ability to sustain its state pension system. Ireland also drew down on is National Pensions Reserve fund in the aftermath of the financial crash, converting it into the domestically focused Ireland Strategic Investment Fund, which now manages over €19bn.4. British DB schemes cashflow negative: The UK’s Coal Pension Trustees , which runs two industry-wide schemes, has also dropped out of the top 10: it ranked 53rd in this year’s Top 1000 with €24.5bn in assets, compared to €33.7bn a decade ago. The pension funds have both been cashflow negative for some time owing to their particular demographics.IPE’s Top 1000 Pension Funds in 2008: Rank Fund/entityAUM (€m)Country 9UBS Global Asset Management141,861 2ABP205,000Netherlands 8Universities Superannuation Scheme73,279UK 3PFZW88,200Netherlands 5Reserva de la Seguridad Social55,900Spain 5Amundi384,135 10KLP66,226Norway 1Norway Government Pension Fund Global242,100Norway What has changed in pensions and institutional asset management since the collapse of Lehman Brothers? Pension fund assets Top 10 total 2,028,398 IPE’s Top 1000 Pension Funds assets under management, 2008 to 2018; Source: IPE1. Sovereign pension fund asset growth: Norway’s giant Government Pension Fund Global (GPFG) has been the biggest success of the past decade in sheer asset growth terms, having increased in size by more than 250%. This is despite the oil price falling dramatically during 2014 and 2015 (the GPFG is primarily funded by oil revenues). Fellow Norwegian investor KLP – which runs local government pensions – has nearly trebled in size, helped in part by the withdrawal of a number of public sector providers in 2013 and 2014. 10Goldman Sachs Asset Management210,728  CompanyAUM (€m) 4APG473,654 7SocGen Asset Management153,078 1Natixis Global Asset Management344,576 4Arbejdsmarkedets Tillaegspension103,215Denmark 9Universities Superannuation Scheme36,023UK Top 10 total 854,052 9PIMCO240,691 10Coal Pension Trustees33,708UK IPE’s Top 1000 Pension Funds in 2018: 6BT Group53,955UK 6M&G Investment Management195,301 5Bayerische Versorgungskammer87,000Germany 2ABP404,029Netherlands Top 10 total 2,340,608 7Alecta42,686Sweden 3PFZW196,512Netherlands Plus, in this month’s issue of IPE, we look back at lessons learned since the collapse of Lehman Brothers, and ahead to future stresses with a particular focus on asset management regulation.We also speak to economists and politicians about their experiences and views of the longer-term impacts of the events of 2007-09, including the credit crunch, the banking crisis and the market crash.See also IPE’s latest Top 400 Asset Managers report, and the Top 1000 Pension Funds report. 3Barclays Global Investors325,190  CompanyAUM (€m) 8Bayerische Versorgungskammer40,198Germany 6Aberdeen Standard Investments304,720 Source: IPEIPE’s Top 400 Asset Managers assets under management, 2008 to 2018The asset management industry has seen dramatic changes since the collapse of Lehman Brothers, with Europe’s biggest institutional providers in particular changed by problems suffered by investment banks. 8Allianz Global Investors148,139 5State Street Global Advisors260,104 Credit: Robert Scoble Reporters outside Lehman Brothers’ New York headquarters on 15 September 20085. Post crisis M&A: The investment arms of Credit Agricole, Société Générale and Barclays all featured in 2008’s top 10. These entities no longer exist after their parent companies were forced to restructure their businesses amid the banking sector problems.Credit Agricole Asset Management combined with Société Générale Asset Management to create Amundi in 2010. Aided by subsequent major acquisitions, Amundi has since established itself as one of the biggest investment houses in the world, running €1.4trn at the end of 2017.Lehman Brothers’ asset management arm was sold to its management as part of the bankruptcy proceedings – a move that has paid off, with Neuberger Berman (as it is now known) running €245.8bn.Meanwhile, BlackRock – which was just outside the top 10 in 2008 – catapulted itself to the top of the European institutional market in 2009 with the purchase of Barclays Global Investors.Mega-mergers are still a significant feature of the fund management sector: Last year’s deal between Aberdeen Asset Management and Standard Life brought the combined business into Europe’s top 10, while Janus and Henderson also sealed their merger last year to create a €308.8bn company. 6. The rise of LDI: Other factors have helped shape some businesses. UK-based Insight Investment – ranked 20th in 2008 – has specialised in fixed income and liability-driven investment (LDI) at a time when defined benefit schemes have been closing in large numbers, helping the asset manager to increase its asset base more than sevenfold.Legal & General Investment Management also benefitted from the shift to LDI, but has also seen huge growth in its defined contribution services – its master trust has more than €5.6bn under management – and its real assets business.7. Dutch pension funds compete for business: APG joined IPE’s Top 400 in 2009 when ABP spun off its asset management arm for regulatory reasons and embarked on a new strategy to take on external business. It would have ranked 6th in 2008 had it been eligible for inclusion. As a standalone asset management entity, PGGM is now also a significant player, with over €200bn in client assets, according to IPE’s most recent Dutch institional asset management survey.IPE’s Top 400 Asset Managers in 2008 – the top 10 managers of European institutional assets 10AXA Investment Managers130,216 1BlackRock946,393 9PMT71,586Netherlands Top 10 total 4,485,475 6Alecta84,315Sweden 3Insight Investment588,784 IPE’s Top 400 Asset Managers in 2018 – the top 10 managers of European institutional assets 7State Street Global Advisors287,544 7PFA80,075Denmark 2Legal & General Investment Management807,775 8DWS241,051 Europe’s top asset managers 4Arbejdsmarkedets Tillaegspension56,282Denmark Rank Fund/entityAUM (€m)Country 1Norway Government Pension Fund Global862,161Norwaylast_img read more

EMEC Metocean Data for Scottish Open Innovation Competition

first_imgThe European Marine Energy Centre (EMEC) has provided a series of metocean data sets to be used in a new Scottish open innovation competition aiming to stimulate creative thinking and data science to design new data products for the benefit of the marine environment, communities and economy.Organised by Highlands and Islands Enterprise (HIE) and the Data Lab, Scotland’s Blue Growth Data Challenge will make available data sets from 2015 in-situ observations and numerical modelling from EMEC’s wave and tidal energy test facilities in Orkney.The data sets include wave conditions at EMEC’s Billia Croo wave test site; meteorological observations in two locations adjacent to EMEC’s wave and tidal test sites, collected using MetPak weather stations; data from a short tidal current observational campaign using TRDI Acoustic Doppler Current Profiler; and numerical modelling results for four locations around Orkney, showing simulated timeseries of tidal water level and currents.Data sets will also be provided by the Scottish Centre of Excellence in Satellite Applications (SoXSA).The Challenge is open to those who are studying, researching or working with data or the marine environment and who believe they can creatively work with open data to create a useful output. The Challenge aims to stimulate people to create new or innovative solutions to a problem without predetermining what those solutions will look like.Prizes will be awarded to teams and individuals that are judged to have produced the best output for the benefit of the Highlands and Islands region and the winner will receive a package of support to help further develop their idea.last_img read more

NBA: Grizzlies ‘got a great one’ in Morant: James

first_img Promoted ContentBest & Worst Celebrity Endorsed Games Ever Made7 Ways To Understand Your Girlfriend Better10 Risky Jobs Some Women Do7 Things That Actually Ruin Your PhoneBirds Enjoy Living In A Gallery Space Created For ThemEver Thought Of Sleeping Next To Celebs? This Guy Will Show You10 Awesome TV Series That Got Cancelled Way Too SoonThe Models Of Paintings Whom The Artists Were Madly In Love WithWhich Country Is The Most Romantic In The World?7 Reasons It’s Better To Be A VeganTop 7 Best Car Manufacturers Of All TimeCouples Who Celebrated Their Union In A Unique, Unforgettable Way James got a close-up look at Morant on Saturday as the Grizzlies – fighting to hang on to the eighth and final playoff spot in the Western Conference – beat the Lakers 105-88 in Memphis.“The kid is super special,” James said after Morant fueled the Grizzlies with 27 points and 14 assists. “Memphis got a great one. The sky’s the limit for the kid.”For Morant, 20, it was a first win over James, one of his sporting idols. It may also have been a preview of a Western Conference playoff preview.“That’s big bro – the King,” Morant said of James. “I mean, I feel like everybody knows who he is. Just somebody that I look up to, a great (role) model. He’s just one of a kind.“I don’t think there can be another LeBron.”Not that Morant was intimdated by James, or anyone else on the Lakers team.Briming with confidence, he rose for a dunk in the second half over Anthony Davis – who stood pat and drew the charging foul on the rookie.“I think he would probably try anyone that was there,” Davis said. “He has done that a couple times this year. So I’m just trying to get a body in front of him and make him run me over.”Memphis rookie Ja Morant propelled the Grizzlies to a 105-88 victory over the Los Angeles Lakers, earning praise from Lakers superstar LeBron JamesRead Also: NBA: Cavaliers sink 76ers as Embiid hurts shoulderWhile the call went against him, Morant said he thought his aggressive strategy was sound.“If I had went for a layup, it would have been a charge, but if I go up and try to dunk, then it’s 50-50,” he said.“So my mindset is just going to finish the play at any time, no matter who’s down there.”FacebookTwitterWhatsAppEmail分享 Ja Morant, the Memphis Grizzlies’ NBA rookie of the year candidate, has an admirer in Los Angeles Lakers superstar LeBron James.Advertisementcenter_img Loading… last_img read more

4 Ilonggo nurses abroad succumb to COVID-19

first_imgILOILO City – Four Ilonggo nursesworking abroad got infected with SARS-CoV-2, the virus that causes coronavirusdisease 2019 (COVID-19), and died. Cabillon had been working in New YorkCity for the past 30 years. According to his mother Heide, Jimeneastruggled with COVID-19 for 21 days. She kept track of her son’s conditionthrough his wife who was also working in the UAE. Accad worked at the John D. DingellVeterans Affairs Medical Center. She was set to retire this year. Jimenea, who had been working in theUAE for a decade, was taken to the intensive care unit of the hospital aftertesting positive for COVID-19. By then, he was already having difficultybreathing. The death was difficult for thefamily; they knew he was very careful with his health. Another Ilonggo nurse who succumbed toCOVID-19 was Amor Padilla-Gatinao of Barangay Arguelles, Jaro district here.She died in the United Kingdom. In the Philippines, the Department ofHealth (DOH) revealed on April 22 that over 1,000 healthcare workers in thecountry were positive for COVID-19, and most of them were doctors. “Gustoko tani i-cremate na lang para in case ma-lift anglockdown, madala diri,” according tothe mother. “After hearing his Papa’s voice clip,he breathed his last. Perhaps he was just waiting to hear from him,” saidHeide. She completed her high schooleducation at Central Philippine University and her Nursing degree at WestVisayas State University. Of the number, 26 died, including 19doctors. Cabillon worked as an emergency roomnurse at Kings County Hospital. Just recently, it was also reportedthat Alimodian, Iloilo resident and nurse Divina Amo-Accad, 72, died inDetroit, Michigan, USA. She, however, said the UAE has its ownprotocols in managing COVID-19 mortalities and this must be respected. The agency broke down the 1,062infected healthcare workers, namely, 422 doctors, 386 nurses, 30 medicaltechnologists, 21 radiological technologists, 51 nursing assistants and 152other medical personnel such as administrative staff and barangay healthworkers. Accad earned her college degreeBachelor of Science in Nursing at Central Philippine University 1969. Gatinao worked at St. Charles Hospitalin Ladbroke Grove, North Kensington. On Sunday at around 5:40 a.m.(Philippine time), 44-year-old Marlon Jimenea of La Paz district here died atthe University Hospital Sharjah in the United Arab Emirates (UAE) where he wasworking. The hazards include pathogen exposure,long working hours, psychological distress, fatigue, occupational burnout,stigma, and physical and psychological violence, according to the World HealthOrganization (WHO). Healthcare workers are at thefrontline of the COVID-19 outbreak response and as such are exposed to hazardsthat put them at risk of infection. Maria Guia Cabillon of this city diedyesterday morning (Philippine time) while being treated at a hospital in NewYork City, epicenter of the COVID-19 outbreak in the United States. The DOH maintained that it isfollowing WHO-guided protocols on the use of PPEs for medical frontliners./PN The WHO expressed concern over thenumber of healthcare workers with COVID-19 in the Philippines. Dr. AbdiMahamud, WHO-Western Pacific Region COVID-19 Incident Manager, said he wasworking with DOH to find out if there is a possible shortage of personalprotective equipment causing this trend. Her children Grace and Fatima Evenconfirmed their mother’s passing on Facebook.last_img read more

Opening night is Friday at Colorado Motorsports Park

first_imgBYERS, Colo. – Three sanctioned divisions see their first action of the season at Colorado Motorsports Park in Byers this Friday, June 5.Culminating a five-year rebuilding project, the lidlifter for Xtreme Motor Sports IMCA Modifieds, IMCA Sunoco Stock Cars and Karl Chevrolet Northern SportMods sees racing start at 7 p.m.Pit gates open at 3 p.m., hot laps are at 5 p.m. and the grandstand opens at 5 p.m.Grandstand admission is $12 for adults, $10 for seniors and military, $5 for kids ages 6-12 and free for five and under. Pit passes are $30 for adults, $20 for kids and free for four and under.Eight race dates are to be held on the 1/3-mile dirt oval this season.Modified points earned at Colorado Motor Sports Park figure toward Jet Racing Central Region standings. Stock Car points apply in the EQ Cylinder Heads Northern Region.last_img read more

Dawson hopeful a win will be enough

first_imgHull defender Michael Dawson is confident the Tigers will stay up if they beat Manchester United on the last day of the season. Hull’s goal difference is currently two better than Sunderland’s and seven better than Newcastle’s, meaning the Magpies will have to win if Hull triumph at the KC Stadium. “They say in the Premier League there’ll be a twist and hopefully it’ll go our way,” Dawson said. “The pressure is on Newcastle and Sunderland as well, but we know we have to win and I believe if we do win we’ll have enough to stay in this league. “If Newcastle and Sunderland win they are obviously safe but they are playing with pressure.” Dawson added: “We beat Liverpool at home and hopefully we can have another performance and result like that. “Hopefully a win will be good enough, it’s out of our hands.” Manchester United may not be at full throttle against the Tigers, having already achieved their primary objective of securing Champions League football next season. “I certainly hope that’s the case, but you are playing against a top Man United team so we have got to prepare right this week and pick ourselves up,” Dawson said. Steve Bruce’s side must overcome United and hope other results go their way as they currently trail Sunderland and Newcastle by three and two points respectively. Sunderland also have a game in hand, away to Arsenal on Wednesday, before finishing with a tough trip to Chelsea, while Newcastle end their campaign at home to West Ham. “Obviously everyone is down after the game, the difference from winning to losing is incredible. “But come Monday morning we will be back on the training ground and we have got one more chance. “We are in this together, the manager has said that from minute one. He is our leader but it’s 11 players that go on the pitch to perform. “We are in this situation because we haven’t performed as well as we can, but I still believe there’s enough in that dressing room to win next week and hopefully still be a Premier League team.” Press Associationlast_img read more

VanDongen wins women’s event at Wildlands Trail Race

first_imgBar Harbor’s Jennifer VanDongen was the top women’s finisher in the 6-mile edition of the Wildlands Trail Race on Sunday with a time of 48 minutes, 46 seconds.VanDongen, a 40-year-old Bar Harbor native, was the winner on the women’s side for the fifth year in a row. She and men’s first-place finisher Eric Mauricette of Baileyville will compete at the Frenchman Bay Conservancy Autumn Trail Run on Sunday, Nov. 5, in Sullivan.Other local finishers were Bucksport’s Clifford Watson (second overall) and Ellsworth’s Seth Young (fifth overall), Orland’s Shawn Costigan (sixth overall), Dedham’s Jim Hunt (seventh overall), Gouldsboro’s Tim Fisher (ninth overall) and Blue Hill’s Aaron Dority (10th overall). Tremont’s Finian Burns won the 2-mile edition of the raceThis is placeholder textThis is placeholder textlast_img read more