Sen. Kirsten Gillibrand, Lieutenant Governor Hochul talk childcare in Ithaca

first_img“What this 50 billion dollar package would do is build the resources we’d need to have childcare at it’s full level for the next five months because on average it will take 9 billion dollars a month to meet all of the childcare needs during COVID,” she said. ITHACA (WBNG) — U.S. Senator Kirsten Gillibrand (D-NY) and New York Lieutenant Governor Kathy Hochul were in Ithaca today to discuss a 50 billion dollar childcare spending bill. The bill would be part of the second COVID-19 relief package which Congress is currently working to pass. “It’s really important to have mothers in office and women or people who understand these dynamics and are willing to fight for them harder. This isn’t a new problem but Congress is still woefully 25 percent female and we need to be 51 percent like the rest of the population,” she said. Gillibrand stressed that the funding would stabilize the childcare industry for the next five months. Gillibrand says she and Rep. Joe Morelle have also written a letter to the CDC asking for clearer and more adequate guidelines to keep teachers and children safe during the pandemic. The bill would cover the increased cost of childcare due to the pandemic as well as ensure that parents who are going back to work have access to childcare, even if their children are learning virtually in the fall. Gillibrand also stressed the need for more women in Congress, saying she believes that having more lawmakers who are mothers would result in issues of childcare being taken more seriously. Lieutenant Governor Hochul stressed the importance of making childcare available to essential workers so they can do their jobs, calling childcare providers “the essential workers behind the essential workers.” She says due to the nature of COVID-19 restrictions and the need to maintain social distancing combined with the closure of many centers, childcare availability in New York State could drop from one slot for every four kids in need, to one slot for every eight kids in need. last_img read more

People moves: PFZW appoints chair; LGIM names new CIO [updated]

first_imgPFZW – The €217bn Dutch healthcare sector scheme has appointed Joanne Kellermann (right) as its new independent chair as of 1 June. She succeeds Carla Moonen, who stepped down on 1 November.Between 2007 and 2014 Kellermann was a member of the executive board of regulator De Nederlandsche Bank, responsible for supervision of pension funds and insurers. Subsequently, she was a trustee at the European Banks Resolution Authority in Brussels. PFZW, Ilmarinen, LGIM, Aegon Asset Management, INDEFI, PGGM, JØP, CQS, 100% Club, Neuberger Berman, ASR, Pensions Policy Institute, Barnett Waddingham, ECPA, iM Global Partner Albert Vink, deputy chairman at PFZW, underlined the importance of a new chair, citing challenges including the long-awaited new pensions system.Ilmarinen – Finland’s biggest pension insurer has appointed Matias Klemelä as its new chief financial and risk officer and Barbara D’Ambrogi-Ola as its new chief actuary, as part of a change to its management board.Klemelä is currently CFO and will see his role broadened to include some of the duties of the current chief risk officer and chief actuary Hillevi Mannonen, who is leaving Ilmarinen. Three functions are to be merged into one department under Klemelä as of 1 July – the financial department, actuarial services and risk management – with Klemelä remaining as a director on the board.Meanwhile, D’Ambrogi-Ola will report directly to Ilmarinen’s president and chief executive Jouko Pölönen. The provider said the management board changes were part of its ongoing reorganisation as it sought to become more customer-focused and agile.Legal & General Investment Management (LGIM) – Sonja Laud has become the new CIO of the UK’s largest asset manager, subject to regulatory approval. It follows the departure of Anton Eser after 13 years with LGIM as head of fixed income and CIO.In a statement, the asset manager said Eser was returning to South Africa for family reasons while also wishing to take on “a more hands-on investing role with a particular focus on ESG and social impact investing in Africa”.Laud joined LGIM in January 2019 as deputy CIO. The company she had been working with Eser to restructure the investment team “to ensure we continue to deliver best-in-class investment solutions for our clients”.Aegon Asset Management – Bas NieuweWeme has been appointed as a global chief executive of Aegon Asset Management as of 24 June. He will succeed Sarah Russell who will step down after nine years.NieuweWeme joins from Prudential Financial Investment Management, where he was managing director and global head of the institutional relationship group. Aegon said Russell would support NieuweWeme to ensure a smooth transition.INDEFI – The Paris-based strategic investment management consultancy has appointed Christina Böck as partner to lead its expansion into Germany, Austria, and Switzerland. Böck was chief investment officer at Profond, a CHF7.5bn (€6.7bn) Swiss multi-employer pension fund, from 2016 to early 2018, and then started her own consulting business. She joined Profond after 15 years in different roles at AXA Investment Managers. Richard Bruyère, managing partner at INDEFI, said: “We have always considered the DACH region as a key area for our clients. It is the largest European investment management market in mainland Europe and a fast-growing market for private assets. With Christina on board, we are looking to further strengthen our relationships with asset managers, institutional investors and fund distributors in this region.”  PGGM – Erik Goris has started as new director for investments at the €1.4bn pension fund for the island of Aruba as of 1 June. He was previously a director of Volo, the general pension fund (APF) of the Dutch pensions provider PGGM. The consolidator vehicle is to be liquidated as it no longer fits into PGGM’s strategy.Goris started his career as lawyer of mergers, takeovers and private equity at law firm Allen & Overy. He subsequently worked as corporate finance specialist at ING Wholesale Banking and director of asset-liability management and policy advisor at the €215bn asset manager PGGM. He has been chair of Volo, which he helped set up, since 2016.JØP – Helle Munk Ravnborg and Anders Ehlers Andersen have been appointed as new members of the supervisory board of the Danish pension fund for lawyers and economists, JØP. The fund has recently decided to enter into a full merger with its long-term cooperation partner DIP, one of the Danish pension funds for engineers.Munk Ravnborg is a senior researcher at the Danish Institute for International Studies, while Ehlers Andersen is a lawyer, working both in a public-sector role and as a self-employed practitioner.In the recent membership vote, previous board members Torben Huss and Morten Wig Harboe-Jepsen failed to win re-election. In its upcoming merger, Anders Eldrup Formand will remain as chair for the joint fund, named P+.CQS – Serge Harry has joined the credit specialist manager as group chief financial officer, reporting to Xavier Rolet, CQS’ chief executive officer, with whom he worked at the London Stock Exchange Group (LSEG).From 2011 to 2013 he was senior adviser to Rolet, working on the acquisition of LCH Group. He then became a member of the group executive committee, chief of staff to Rolet, and group country head for France, Benelux and Germany. Before working for LSEG, Harry was chairman and CEO of BlueNext, a global carbon credits trading exchange. The 100% Club – Deborah Gilshan has left Aberdeen Standard Investments, where she was ESG director, to focus on the future development of The 100% Club, which she founded in 2011 as a network for female governance professionals. She will also pursue new opportunities and projects in the related fields of investment stewardship, corporate governance and diversity.Before joining Standard Life Investments as governance and stewardship director in 2017, Gilshan worked for nearly 10 years at RPMI Railpen, the in-house manager of the £28bn (€32bn) pension scheme for the UK railway sector, most latterly as head of sustainable ownership.  She told IPE that The 100% Club had “flourished into a successful multi-sector alliance”, adding: “It is my contribution to retaining women in sectors challenged on gender balance and I will be focusing on new initiatives to further boost the female talent pipeline.”Gilshan is also an ambassador for the 30% Club, a group campaigning for greater representation of women on the boards of FTSE 100 boards.  Neuberger Berman – The US-based investment manager has appointed Jose Cosio to lead intermediary client coverage across Europe, the Middle East, Africa and Latin America.He joins from Alliance Bernstein where he spent nine years in various senior business development roles, including most recently as managing director of global intermediaries for the UK, Middle East, North Africa and southern Europe. He has previously held roles at Wachovia Securities and Old Mutual Bermuda.ASR – The supervisory board of insurer ASR is to appoint Ingrid de Graaf-de Swart as a member of the executive board. She is to fill in a vacancy that emerged as a consequence of ASR’s new management structure.De Graaf joins from Aegon Netherlands where she was chair of private clients since 2017. Prior to this, she worked in several management positions at Delta Lloyd. She has also been chief executive at ABN Amro Insurance and member of the executive board at Delta Lloyd.The Pensions Policy Institute – The PPI’s director Chris Curry has been appointed as principal of the Pensions Dashboard Industry Delivery Group with the Money and Pensions Service, a role he will take up on 8 July. He will reduce the amount of time he spends on PPI work as a result. The PPI council said it welcomed the recognition Curry had received in being appointed to the dashboard role.Barnett Waddingham – The UK consultancy has hired Dean Hughes as head of enterprise risk management within its corporate consulting team. He was previously global head of risk and advisory at VinciWorks, an international tech, education and consulting company. Hughes said: “Our goal is to integrate data within the risk conversation, not only for measuring risk but to provide compelling insights to inform decision making – be it through cost reduction, risk or revenue optimisation.”ECPA – Paul Burnett is the new chairman of the Employer Covenant Practitioners Association (ECPA), the UK covenant specialists group. Burnett is head of employer covenant at RPMI Railpen, the industry-wide pension fund for UK railway companies.He takes over from Donald Fleming, partner at RSM. Andy Palmer, a partner at BDO, is the ECPA’s vice chairman.iM Global Partner – The asset management acquirer has hired Bo Huang as head of research. Before joing iM Global Partner, she was a portfolio manager for a $5bn multi-asset fund of funds at Tilney Group, and before that head analyst for Asian and global emerging markets at Stamford Associates.last_img read more

Reliance confirms MA field shut down due to natural decline

first_imgIndia’s oil company Reliance Industries has confirmed that the MA field ceased production on September 17, 2018, due to natural decline.This was first revealed earlier this week by Ocean Yield, the owner of the FPSO Dhirubhai-1 which had operated on the field. Reliance had the option to buy the FPSO following the expiry of a ten-year contract but decided not to exercise it. The contract expired on Wednesday, September 19, 2018.The MA field located off the East Coast of India in Block KG-DWN-98/3 (KGD6) is operated by Reliance with a 60% interest. Its partners are BP with a 30% interest and Niko Resources with the remaining 10% interest.Confirming the cessation of production from the MA field, Reliance said on Friday that post-cessation activities related to the field shutdown are underway.According to the Indian company, production from the field had been under natural decline and facing continuous challenges due to high water production and sand ingress. The field has cumulatively produced about 0.53 TCF of Gas and 31.4 Million Barrel of Oil & Condensate and had no remaining reserves.For the fist quarter of FY19, MA field contributed less than 0.1% in terms of revenue at Reliance consolidated level, the oil company said.The Dhirubhai – 26 (D26), oil, gas and condensate deep water discovery was made in 2006. The discovery was developed and put on production in September 2008. This was India’s first deep water development (water depth up to 1,250 meters), with seven wells tied back through a subsea production system to a purpose built, state of the art disconnectable turret moored FPSO production unit.Reliance also said that relevant governmental agencies have already been informed.When it comes to the FPSO’s future and employment opportunity outside India, Ocean Yield said earlier this week it had been awarded a Front End Engineering Design (FEED) study for the potential use of the FPSO. The study is estimated to be completed during 4Q 2018.Meanwhile, Ocean Yield will consider recording an impairment related to the FPSO in 3Q 2018 between $0-50 million.Offshore Energy Today Stafflast_img read more

Syracuse’s offensive struggles outweigh glimpses of potential in 24-17 loss to N.C. State

first_img Facebook Twitter Google+ Published on November 1, 2014 at 6:38 pm Contact Jesse: | @dougherty_jesse Dyshawn Davis scooped up Ryan Norton’s onside kick with 17 seconds left and had nothing but turf in front of him.The senior outside linebacker ran a little over 50 yards with the recovery, his legs pumping more and more volume into the Carrier Dome crowd with every step and his teammates mobbing him after he crossed the goal line.But three referees at midfield had been waving the play dead from the time Davis touched the ball. That ended the false-alarm celebration and forced AJ Long to throw a Hail Mary two plays later, which all but kissed the Dome’s ceiling before it was hugged by North Carolina State’s Josh Jones at the 8-yard line to seal the game.Syracuse’s (3-6, 1-4 Atlantic Coast) offense was inept for all but 6:45 of game time Saturday afternoon and that was its ultimate downfall in a 24-17 loss to the Wolfpack (5-4, 1-4) in front of 40,787 fans. And aside from the glaring fact that the Orange attack squandered another solid performance by its workhorse defense, the loss leaves SU three wins short of bowl eligibility with three games to play.An untimely pick-six from Long’s hand to Pharoah McKever’s chest wasn’t the decisive blow on the scoreboard, but it sucked the temporary life out of the Syracuse offense and helped shape a season that has so far been defined by missed chance, after missed chance, after missed chance.AdvertisementThis is placeholder text“I made mistakes down the stretch that I can’t make if we want to win,” said Long, a true freshman. “I can’t fumble with four minutes left. I got to put more air under the ball on the last play. There’s too many mistakes that I’m making that cost us this game.”N.C. State jumped out to a 9-0 lead with three Niklas Sade field goals before the 8:06 mark of the second quarter, and Syracuse’s offense continually stalled as it tried and failed to run the ball.But for two possessions — one to end the first half and the other to start the second — Syracuse’s offense buried its first-half ineptitude and looked like it could win a football game.SU offensive coordinator Tim Lester said that the sharp offensive turnaround was sparked by more aggressive play calling and it led to a 15-yard touchdown to Ben Lewis and a 25-yard score to Steve Ishmael, which was the third time Long and Ishmael have collected for a touchdown this season.“We were trying to establish the ground game and it wasn’t working,” Lester said. “So we just opened it up a little bit and threw it more and that helps us move it.”Those drives accounted for 22 plays, 171 yards, 14 points and the first offensive touchdown the Orange had scored in more than two full contests of game time.But SU went three-and-out before punting on its next drive and Long made the game’s biggest mistake a possession later.N.C. State dropped McKever into coverage and Long threw the ball right into his arms. The defensive end took it 82 yards to the end zone, stepping over Long on the goal line as he stumbled to the ground and flailed his arms at a last-ditch tackle attempt.Long fumbled, N.C. State’s Jacoby Brissett found running back Shadrach Thornton for an 18-yard score and Cole Murphy hit a 50-yard field goal at the tail end of the fourth. Then a thinned crowd fooled itself into thinking that the Orange caught a season-changing break on the onside kick.It was jubilant, confused and then defeated. It cheered for a touchdown, booed the actual call and then headed to the exits when Long’s interception left a lone second on the clock. There was no reward for sticking around.“Let’s just focus on the positives that we can and not worry about the things we can’t control,” Shafer said. “The thing we always talk about is controlling things in your life that you can control.”What Syracuse can control is whether it will be eligible to play in the postseason. It’s just run out of mistakes to make. Commentslast_img read more