Is Your Business A Century Old?If Yes, Then The Secretary of State Is Looking For You!Program Honors Vermont’s Centennial BusinessesMontpelier. Secretary of State Deb Markowitz has put out a call for nominations for the 2009 Vermont Centennial Business Awards. This program, a joint project of the Secretary of State’s office, the Vermont Chamber of Commerce, and the Vermont Business Magazine, honors businesses that have operated in Vermont for at least 100 years.Secretary Markowitz said, “Any business that has been in operation in Vermont for 100 years or more can participate in the awards program by filling out an application and providing verification of its business start date.” Vermont’s centennial businesses will be presented with a plaque at an awards ceremony in March.”It is important to recognize Vermont’s businesses for their longevity,” said Secretary Markowitz. “It takes a tremendous amount of dedication to keep a business active for 100 years. The Vermont Centennial Business Award acknowledges Vermont’s oldest businesses for enriching our economic heritage. This program deepens our understanding of how Vermont’s businesses have enhanced our community life during the last 100 years.”Deadline for applications is January 16, 2009. For more information about the awards program and to obtain an application, contact Ginny Colbert at 802-828-2148 or firstname.lastname@example.org(link sends e-mail) or visit the Vermont Centennial Business Awards page on the Secretary of State’s website: http://www.sec.state.vt.us/centennial_business.html(link is external)###
Re April 1 editorial, “Stand up against oppression of the press”: Oppression of the press? Or sour grapes for not following the rules? Daily News reporter Ken Lovett being arrested, cuffed and escorted out by two state police officers isn’t oppression. It’s called a violation of the law. In today’s society, people brush off laws that were established for a reason. They may be inconvenient, but they are for the safety of everyone. Ironically, the writer of the editorial admits it’s wrong but everybody does it, so what’s the harm? The sergeant-at-arms proceeded to do the job he was hired for and enforce the laws that he was in charge of. What makes this worse is a Republican senator uses his or hers political position to override the law. I believe that’s a crime as well. So the trickle-down affect is more people have less respect for the laws that have been passed through legislation and voted into law. Is it no wonder our society is in the shape it’s in? There’s no accountability for breaking the law, as some attorney or social justice warrior or judge or senator seeking re-election manipulates the laws to let the law-breaker free. This goes all the way up the chain to our federal government. It’s no wonder our country is in turmoil. It’s not anarchy, but it’s close. Let’s start holding each other accountable for our action, including politicians. God help us all, for we know not what we do.Robert SponableSchenectadyMore from The Daily Gazette:Foss: Should main downtown branch of the Schenectady County Public Library reopen?Schenectady’s Lucas Rodriguez forging his own path in dance, theater, musicSchenectady High School senior class leaders look to salvage sense of normalcyEDITORIAL: Urgent: Today is the last day to complete the censusMotorcyclist injured in Thursday afternoon Schenectady crash Categories: Letters to the Editor, Opinion
Generali Investments is to push ahead with its expansion into the UK and Nordics after the company’s board approved the launch of a London office to cater to pension fund clients.The Italian asset manager’s intention to move into the UK and three Nordic markets – Norway, Denmark and Sweden – comes amid a push to grow third-party assets under management (AUM) from its current €17bn, a fraction of its overall €431bn, largely managed on behalf of the firm’s parent company, Italy’s largest insurer.Santo Borsellino, chief executive at Generali Investments, said the move into the four new markets was necessary to be seen as “serious” in the institutional asset management market.“We can not avoid being in core markets, like the UK and the Nordics, where historically we have not been present,” he said. Approval for its expansion into the new markets – away from its presence in Italy, Germany and France – was granted by the Bank of Italy late last year.Borsellino said the manager’s board in January signed off on the launch of a dedicated office in London, with a business plan currently being drawn up by the company’s head of sales and marketing, Andrea Favaloro.The Nordic countries and the UK were identified due to their concentration of institutional assets, and specifically their “developed” second-pillar pension systems, Generali Investments said.Favaloro added during an event in London that it was important to be seen as a “reliable partner” for UK pension investors and identified the growth in the defined contribution (DC) market as an opportunity for Generali to grow third-party assets.Borsellino said that the company’s current €17bn in third-party money amounted to growth of 16% year on year, and that it was now targeting an additional €8bn in assets by the end of 2018.Asked whether acquisitions could be one way to grow third-party assets, Borsellino said the company preferred organic growth over acquisitions.But he noted that the current market environment would nevertheless present “opportunities” for deals to buy other market participants.