The Dutch government should give the country’s pension funds more leeway in dealing with low interest rates, according to Marcel Andringa, CIO at the €40bn metal scheme PME.“Pension funds should either be permitted to use a higher discount rate for liabilities or be allowed to take more investment risk,” financial daily Het Financieele Dagblad (FD) quoted him as saying.Andringa took pains to explain that pension funds were gradually running out of investment options.“As yields of some German government bonds have even become negative, one could wonder whether it is still sensible from a long-term perspective to keep on investing assets against current low rates,” he said. And because many Dutch pension funds became underfunded at the start of the financial crisis, their risk profile has been fixed.“A snapshot of a situation seven years ago is still decisive for our investment policy,” Andringa said. “For schemes like us, making adjustments is very difficult.”PME’s CIO warned that, if interest rates fell further, the pension fund might have to apply another rights cut.Currently, PME’s coverage ratio is 103%.In other news, the ECB’s monthly bond-purchasing programme is likely to have caused a funding drop at several of the largest pension funds in the Netherlands.The €40bn metal scheme PME saw its coverage ratio fall by at least 1.5 percentage points during the first week of quantitative easing (QE), while the €48bn pension fund for the building industry, BpfBouw, suffered a 1 percentage point drop, according to IPE sister publication PensioenPro.The impact on coverage ratios is caused by the fall in interest rates, the criterion for the discount rate for Dutch pension funds’ liabilities.The 30-year swap rate has already dropped to less than 1%.A spokesman for the €60bn metal scheme PMT said the scheme had noticed an impact from QE but said it could not yet establish the scale of the problem.The large civil service scheme ABP declined to provide details on its current funding.However, Jos van Dijk, ABP’s spokeswoman, acknowledged that the pension fund had “recognised” the calculations of pensions adviser Mercer, which suggested the average funding of Dutch schemes would decrease by 2 percentage points during the first week of QE.Meanwhile, the large union FNV has warned against the impact of QE and called on the government to discuss measures to mitigate the consequences for pension funds.
Damien Duff has agreed a one-year deal to join Melbourne City on a free transfer. The 35-year-old , who won the Premier League twice with Chelsea and earned 100 caps for the Republic of Ireland, left Fulham at the end of last season after spending five years at Craven Cottage. Duff joins ahead of the 2014-15 A-League campaign as Melbourne City’s 18th confirmed squad member, with speculation set to continue over further high profile arrivals at the club. Melbourne City have already confirmed that David Villa will join the club on a short-term loan before linking up with sister club New York City for the 2015 MLS campaign. Head coach John van’t Schip said Duff’s vast experience in England would be integral to the team and would assist in the development of the squad’s younger players. “We’re excited to have a player of Damien’s quality and experience for this season,” he said. “We believe he can offer international standard quality on the pitch and will also be a great professional example for our younger players. “His career speaks for itself. He has achieved almost everything at club level and has been a great player at an international level too. “He comes to us straight from the English Premier League with Fulham, so he has been playing at the highest level against top teams and top players. “When we met with Damien, he was excited about the opportunity here and keen to work with us to help make this project a success.” City also announced they have re-signed promising duo Stefan Mauk and Ben Garuccio until 2016 and 2017 respectively. Press Association
“It was a bang-bang play and I felt like maybe if I had a better secondary lead or if I had another step, I could have been safe,” Ohtani said. “I will try to work on that from now on.”Manager Brad Ausmus said he didn’t bother to use one of his replay challenges because their looks at the replays indicated Ohtani was out, and Garver hadn’t blocked the plate illegally.“When you have the ball you’re allowed to block the plate,” Ausmus said. “You can’t question that. He was just out.”That was as close as they could come to tying the score. They came up empty in the ninth.With a runner at first and one out, Ausmus sent Justin Bour to pinch-hit for David Fletcher. Bour, who was optioned to Triple-A after the game, struck out.Related Articles Jose Suarez’s rocky start sinks Angels in loss to Astros Ausmus said he picked Bour because he was trying to take the lead right there, with a homer, rather than taking his chances on simply tying the score. Ty Buttrey, one of the Angels’ best relievers, was not available after throwing two innings the night before, further encouraging Ausmus to go for two runs instead of one.“Bour has a better chance of hitting the ball over the wall,” Ausmus said.With the loss, the Angels are now 3-3 in the six games when they’ve started with an opener.In the previous five, the reliever had started the game with a scoreless first. This time Cam Bedrosian gave up an infield hit – when shortstop Simmons was a split-second slow releasing the throw – and it led to a run.Félix Peña then took over and was not quite as sharp as he had been when he pitched seven scoreless innings last Thursday in Detroit. Peña gave up a two-run homer to Garver in the third and then a run on doubles by Marwin Gonzalez and Buxton in the fourth.After that, though, Peña settled down and retired seven straight hitters, finishing five innings. Angels’ poor pitching spoils an Albert Pujols milestone PreviousLos Angeles Angels’ Mike Trout watches as he grounds out to Minnesota Twins pitcher Kyle Gibson in the first inning of a baseball game Tuesday, May 14, 2019, in Minneapolis. (AP Photo/Jim Mone)Angels starting pitcher Cam Bedrosian throws to the plate during the first inning of Tuesday’s game against the Twins in Minneapolis. (Photo by Hannah Foslien/Getty Images) SoundThe gallery will resume insecondsMinnesota Twins pitcher Kyle Gibson throws against the Los Angeles Angels in the first inning of a baseball game Tuesday, May 14, 2019, in Minneapolis. (AP Photo/Jim Mone)Los Angeles Angels’ Shohei Ohtani of Japan swings at a pitch by Minnesota Twins pitcher Kyle Gibson to ground out in the first inning of a baseball game Tuesday, May 14, 2019, in Minneapolis. (AP Photo/Jim Mone)Minnesota Twins’ Eddie Rosario hits an RBI single off Los Angeles Angels pitcher Cam Bedrosian in the first inning of a baseball game Tuesday, May 14, 2019, in Minneapolis. (AP Photo/Jim Mone)MINNEAPOLIS, MN – MAY 14: Felix Pena #64 of the Los Angeles Angels of Anaheim delivers a pitch against the Minnesota Twins during the third inning of the game on May 14, 2019 at Target Field in Minneapolis, Minnesota. (Photo by Hannah Foslien/Getty Images)MINNEAPOLIS, MN – MAY 14: Jorge Polanco #11 of the Minnesota Twins steals second base against Andrelton Simmons #2 of the Los Angeles Angels of Anaheim during the first inning of the game on May 14, 2019 at Target Field in Minneapolis, Minnesota. (Photo by Hannah Foslien/Getty Images)Los Angeles Angels’ Tommy La Stella, left, congratulates Luis Rengifo after Rengifo scored on a double by David Fletcher off Minnesota Twins pitcher Kyle Gibson in the sixth inning of a baseball game Tuesday, May 14, 2019, in Minneapolis. (AP Photo/Jim Mone)MINNEAPOLIS, MN – MAY 14: Shohei Ohtani #17 of the Los Angeles Angels of Anaheim is out at third base as Marwin Gonzalez #9 of the Minnesota Twins applies the tag during the sixth inning of the game on May 14, 2019 at Target Field in Minneapolis, Minnesota. (Photo by Hannah Foslien/Getty Images)MINNEAPOLIS, MN – MAY 14: Shohei Ohtani #17 of the Los Angeles Angels of Anaheim is out as Mitch Garver #18 of the Minnesota Twins defends home plate during the eighth inning of the game on May 14, 2019 at Target Field in Minneapolis, Minnesota. The Twins defeated the Angels 4-3. (Photo by Hannah Foslien/Getty Images)Los Angeles Angels’ Mike Trout watches as he grounds out to Minnesota Twins pitcher Kyle Gibson in the first inning of a baseball game Tuesday, May 14, 2019, in Minneapolis. (AP Photo/Jim Mone)NextShow Caption1 of 10Los Angeles Angels’ Mike Trout watches as he grounds out to Minnesota Twins pitcher Kyle Gibson in the first inning of a baseball game Tuesday, May 14, 2019, in Minneapolis. (AP Photo/Jim Mone)ExpandMINNEAPOLIS — By giving Shohei Ohtani 56 plate appearances against live pitching over the last couple weeks of his rehab, the Angels could essentially replace what he missed at the plate by not having spring training.They could not replace the experience running the bases, however.Ohtani was thrown out on the bases twice on Tuesday night, each time representing the tying run, in the Angels’ 4-3 loss to the Minnesota Twins.Ohtani said he practiced running the bases, but there were no game situations for him to get reads. Angels’ Mike Trout working on his defense, thanks to Twitter Angels offense breaks out to split doubleheader with Astros “I need to keep on playing in the game and get that feeling back on the basepaths,” Ohtani said through his interpreter.Ohtani had singled to drive in the third run of the sixth inning, turning a 4-0 deficit into a one-run game. He was on first when Andrelton Simmons dropped a single into right field. Ohtani hesitated after hitting second base, and then by the time he started again, the Twins had time to get him at third, for the second out of the inning.Ohtani said he thought right fielder Max Kepler had bobbled the ball. Also, he thought because Kepler is a left-handed thrower that it would make the play more difficult for him.“I was trying to be aggressive, trying to get to third base with less than two outs,” Ohtani said. “I thought I had a chance to make it to third, but once again the results weren’t there.”Two innings later, with the Angels still down by a run, Ohtani reached on an infield hit with one out. He went to second on an Albert Pujols single with two outs. Brian Goodwin then singled to center field. Gold Glove center fielder Byron Buxton fielded the ball on a hop and uncorked a perfect throw to catcher Mitch Garver, who dropped the tag on Ohtani as he slid feet-first into the plate. Garver came up limping and left the game with a left ankle sprain. Angels’ Shohei Ohtani spending downtime working in outfield Newsroom GuidelinesNews TipsContact UsReport an Error
31382Paul Kipkemoi CHELIMOUSA13:33.30 POSBIBATHLETEMARK 1402Ryan HILLUSADNS 12734Birhanu BALEWBRN13:43.25 5893Selemon BAREGAETH13:35.34 7852Aron KIFLEERI13:36.91 8950Andrew BUTCHARTGBR13:38.73 2954Mohamed FARAHGBR13:33.22 11655Patrick TIERNANAUS13:40.01 Athletics: Farah denied final gold by Ethiopian EdrisLondon, United Kingdom | AFP | British athletics legend Mo Farah narrowly failed to complete a fifth successive global double on Saturday when he finished second behind Ethiopian Muktar Edris in a thrilling 5,000 metres world final.The 34-year-old, whose winning run in the 5,000m at Olympics and world finals stretched back to 2011, fought desperately to claw back the deficit in the finishing straight but Edris held on to win in 13min 32.79sec.Farah, a two-time double world champion and two time double Olympic champion, finished in 13:33.22.Farah, who had won the 10,000m last Friday to open the championships with a bang, said he couldn’t have given it more but added he had proved that it was possible to break up the Ethiopian and Kenya hegemony over the distance races.“I gave it my all, 110 percent,” said Farah.“I don’t think there was any more I could have done. They (the Ethiopians) run as a team.“Never feel like you can’t beat the Kenyans and Ethiopians — anything is possible.”American Paul Chelimo added world bronze to his Olympic silver, timing 13.33.30. 4899Yomif KEJELCHAETH13:33.51 RACE PREVIEWLondon, United Kingdom | AFP | British track legend Mo Farah sauntered into the 5,000 metres world final early in the week looking good to sign off his brilliant track championship career with a fifth successive global title double.The 34-year-old — who has two Olympic and two world championship doubles to his credit — showed no sign of a hangover from the 10,000m victory last Friday, which saw him emerge with a badly cut calf, as he finished second in his semi-final at a rain-sodden London Stadium.Farah, who is unbeaten in 5,000m global finals since winning the 2011 world crown, admitted to being tired but said he took his lead off a Kenyan catchphrase.“Anything is possible — train hard and win easy, that is what the Kenyans say,” said Farah.“I’ve been given a chance in life. For all the young kids out there, you should believe that you can do it as well.”However, he may need to be on his guard as at the opposite end of the age spectrum 17-year-old Ethiopian Selemon Barega caught the eye in winning his semi-final.Farah was content to hang out the back in the early stages but moved onto the fastest man in the world this year Muktar Edris’s shoulder with 10 laps remaining.Up front was Spain’s Morocco-born Illias Fifa ahead of 16-year-old Ugandan Jacob Kiplimo who then took on the pace with seven laps to the tape — Farah moving up to second behind the youngster.A welcome sudden injection of pace came from Tanzania’s Emmanuel Gisamoda with Farah looking relaxed in fourth alongside Hayle Ibrahimov of Azerbaijan.However, they bunched up again and a fair few elbows came to the fore as runners tried to hold their position.As they took the bell there were a dozen runners in contention for the five automatic places but Farah was never in danger of missing out and content to finish second.However, the biggest cheer of all came for Mauritania’s Mohamed Sambe who valiantly battled on despite being tailed off from early on and being lapped twice.The 34-year-old had his own ‘lap of honour’ on the final circuit of the track being cheered to the rafters and raised his arms as he crossed the line in celebrating having completed the course in his own time.The second semi-final saw Ethiopian tyro Barega take on the pace setting duties after a very pedestrian opening four laps swapping the lead with Ugandan Stephen Kissa.There were casualties though as the pace slowed and they bunched up with Kenyan-born American Olympic silver medalist Paul Chelimo going down after being clipped by Kenya’s Cyrus Rutto, who also came to grief.Chelimo recovered quicker regaining his place in the main pack whilst Rutto took his time but with two laps to run he too was back in contention.However, Chelimo ran out of puff when the final sprint took place with Barega coming home first and his former compatriot now running for Bahrain Birhanu Balew was second with Rutto doing brilliantly to take third.There was a happy ending for Chelimo though as he made the final as one of the five fastest losers. 101076Kemoy CAMPBELLJAM13:39.74 6749Mohammed AHMEDCAN13:35.43 Farah and his team-mate Andrew Butchart had tried to break up the field with 600 metres to go in a race that had been run at generally a very slow pace.However, Edris and team-mate Yomif Kejelcha seized the initiative as the bell went and Farah struggled to go with them.He fell several metres behind them going down the back straight.Edris led round the final bend with Farah under pressure from Kenyan-born Chelimo as they hit the straight.Edris gritted his teeth and set sail for home with Farah moving down the inside to try and engineer a remarkable final burst but the gas just wasn’t there. 1896Muktar EDRISETH13:32.79 Share on: WhatsApp 131147Cyrus RUTTOKEN13:48.64 ***** 14850Awet HABTEERI13:58.68 9758Justyn KNIGHTCAN13:39.15
The Palm Beach County School District voted Wednesday afternoon to fire former Spanish River Community High School Principal William Latson.Board members voted 5-2 to terminate Latson’s contract over comments he made to a parent in an email last July about the Holocaust.In the message, the former administrator wrote, “I can’t say the holocaust is a factual, historical event because I am not in a position to do so as a school district employee.”He had been reassigned to the district office during the investigation.The investigative report stated the district had “just cause” to fire Latson since he violated several district policies.Latson’s termination will take effect on November 21. He has until that date to file an appeal.The School Board also decided at its Wednesday meeting to sue e-cigarette maker Juul, in an effort to combat the youth vaping epidemic.According to officials with the District, schools are struggling to address the issue, and “have been forced to divert resources to monitoring and disciplining the rapidly growing number of students using vaping products on school grounds.”If a settlement is reached, 75 percent of the money would go to the District, while the other 25 percent would go to the law firms who are representing the District.The statement from the District adds, “The top priority of the School District of Palm Beach County is the safety and well-being of our students and staff. Palm Beach County does not intend to stand by and allow this crisis to escalate further.”
Maher Legal Services PC(WASHINGTON) — President Donald Trump has intervened in the cases of three American service members convicted or accused of war crimes in Afghanistan and Iraq by issuing two pardons and maintaining the rank of one of the service members who’d been demoted. A White House statement issued Friday night announced Trump’s actions in the cases of Army Lt. Clint Lorance, Army Green Beret Maj. Matt Golsteyn and Navy SEAL Eddie Gallagher.Lorance is serving 19 years in prison, convicted on two counts of second-degree murder for ordering a soldier to fire on unarmed Afghan motorcyclists in 2012. Golsteyn is charged with the murder of an alleged Afghan bomb-maker in 2010. And Gallagher, while acquitted of killing a wounded Islamic State captive earlier this year, was sentenced to four months of time served and a reduction in rank for posing with a corpse during a 2017 deployment to Iraq.“Today, President Donald J. Trump signed an Executive Grant of Clemency (Full Pardon) for Army First Lieutenant Clint Lorance, an Executive Grant of Clemency (Full Pardon) for Army Major Mathew Golsteyn, and an order directing the promotion of Special Warfare Operator First Class Edward R. Gallagher to the grade of E-7, the rank he held before he was tried and found not guilty of nearly all of the charges against him,” the statement read.“The President, as Commander-in-Chief, is ultimately responsible for ensuring that the law is enforced and when appropriate, that mercy is granted,” the statement continued. “For more than two hundred years, presidents have used their authority to offer second chances to deserving individuals, including those in uniform who have served our country.”Speculation that Trump might intervene in the three cases began last week after Fox News contributor Pete Hegseth said the president could take “imminent action” in the form of pardons, commutations or dismissals of charges.“Our family is profoundly grateful for the President’s action,” Golsteyn said in a statement. “We have lived in constant fear of this runaway prosecution.”“Thanks to President Trump, we now have a chance to rebuild our family and lives,” he added. “With time, I hope to regain my immense pride in having served in our military. In the meantime, we are so thankful for the support of family members, friends and supporters from around the nation, and our legal team.”John Maher, Lorance’s attorney, told ABC News that earlier in the day that Trump and Vice President Mike Pence had called Lorance to tell him he had been pardoned.Maher said the staff at the U.S. military prison at Fort Leavenworth had not yet received a release order for Lorance, but a release could occur as soon as it was received. Lorance’s family members have been gathered at Fort Leavenworth for more than a week once speculation began that Trump might intervene in his case.The possibility of pardons has been controversial within the ranks of active-duty and retired service members because of the belief that such actions could undermine the military justice system.“This is so dangerous, nothing pisses me off more than these pardons,” a retired general officer fumed to ABC News after they were announced. “This undermines everything we have stood for — all my years of service goes up in smoke because we have a dictator who has no respect for the rule of law nor what we stand for.”Reports last week that sparked speculation of potential pardons led Defense Secretary Mark Esper to convene a meeting with Army and Navy leadership to review the war crimes cases, two defense officials told ABC News.According to one official, the meeting was to compile information packets about their cases that Esper could provide to the president.Esper later confirmed that on Tuesday he had “a robust discussion” with Trump about letting the cases play out in the military justice system.Both Esper and General Mark Milley, the chairman of the Joint Chiefs of Staff, later said that they favored letting the military justice system “play out.” Copyright © 2019, ABC Audio. All rights reserved.
The rally is set to begin at 7:00 p.m. EST.
An airline mechanic pleaded guilty on Wednesday to sabotaging a jetliner with 150 people aboard at Miami International Airport, causing the pilot to abort the flight just before its scheduled takeoff.Abdul-Majeed Marouf Ahmed Alani entered his plea in federal court in Miami. He previously admitted to investigators that he had committed the sabotage in order to receive overtime to fix the American Airlines jet, which he later did.“I do admit the guilt,” Alani said through an Arabic interpreter.The 60-year-old man, a naturalized U.S. citizen originally from Iraq, has been an airline mechanic for 30 years.According to prosecutors, he has a brother in Iraq who may be involved with the Islamic State extremist group. They add that Alani made statements wishing Allah would use “divine powers” in order to harm non-Muslims.Investigators also say he had Islamic State videos on his phone that show mass murders, and that he did not tell the FBI that he traveled to Iraq last March, following his arrest.Despite the evidence, Alani was not charged with any terrorism-related crimes. He has pleaded guilty to attempted destruction of an aircraft, which carries a maximum 20-year prison sentence. He is scheduled to be sentenced on March 4.Court documents reveal the sabotage involved gluing Styrofoam inside the nose of the Boeing 737, in order to disable the crew’s ability to monitor airspeed, altitude and the pitch of the plane. Authorities explain that if the flight had taken off as intended on July 17 for Nassau, Bahamas, it would have crashed.Alani’s actions on that day were caught on surveillance video, and co-workers also identified him as the suspect.Jonathan Meltz, Alani’s attorney, says his client has led a “law-abiding life” and that he did not intend to harm the aircraft or the people aboard. He adds that Alani’s sole motivation was “just trying to provide for his family like most of us try to do.”
Move over! It looks like more and more Americans are moving to Florida.The Sunshine State is now the number 1 moving destination according to U-Haul. According to a new report, U-Haul said one-way truck arrivals in Florida increased 1% while one-way departures were down 1%, compared to 2018’s numbers.Texas has held the number 1 spot for at least 4 years, but now Florida bumped them down to the number 2 spot.I guess people love the heat, hurricanes, and alligators!
The woman who is accused of driving through security barriers at Mar-a-Lago on Friday refused to appear before a judge this weekend to have charges read to her.According to the arrest report, 30-year-old opera singer Hannah Roemhild is charged with aggravated assault of an officer.After crashing through two security checkpoints at President Trump’s Palm Beach estate and having Palm Beach Sheriff’s deputies open fire on her SUV, she led them on a chase, where they lost her in traffic.Roemhild them allegedly picked up her mother from Palm Beach International Airport, and the two checking into a local motel. Deputies arrested her there a few hours later.The judge delayed her hearing until Monday, depending on whether Roemhild can be transported from the Palm Beach County Jail without endangering herself or deputies.