​Norway eases SWF’s reporting duty to semiannual from quarterly

first_img“Norges Bank must continuously assess the need to publish information on developments in the fund outside the half-year and annual reports, especially during periods of particularly severe turmoil in the financial markets,” the ministry wrote in its announcement.Asked whether NBIM would in fact switch to less frequent financial reporting on the fund, a spokeswoman for the central bank division referred IPE to the finance ministry for all questions related to their decision.However, she did confirm that all NBIM’s reports would still be available in English. The mandate changes state only that the reporting must be in Norwegian.State Secretary Marianne Eikvåg Groth, of Norway’s Conservative Party, told IPE the change to less frequent mandatory reporting was initiated by the ministry and not Norges Bank.The management mandate stated that there should be the greatest possible transparency about the management of the fund within the limits defined by responsible execution of the mandate, she said.At the end of September 2019, the GPFG managed NOK9.7tn (€982bn) while the GPFN had NOK261bn. Managers of Norway’s huge sovereign wealth fund will be required to report only every half year rather than quarterly following changes to their mandates effective at the beginning of this year.The government said mid-year reporting safeguarded long-term considerations better than the current quarterly reporting system, and that it would help save resources.The Norwegian finance ministry announced details of changes to the mandate and reporting framework for the smaller portion of the fund, the locally-invested Government Pension Fund Norway (GPFN), in December, and for the much larger Government Pension Fund Global (GPFG) at the end of November.   However, the new rules do not necessarily mean that in practice the managers of the two funds – Folketrygdfondet and Norges Bank Investment Management (NBIM) respectively – will abandon more frequent reporting, since the government has also put the onus on the managers themselves to decide whether there is a need for additional publications.last_img read more

Somali capital hosts Mogadishu International Book Fair

first_imgExplosion heard in Somali capital Mogadishu, followed by gunfire Roadside bomb kills seven outside Somali capital Mogadishu 11 killed in car bomb blast in the Somali capital Mogadishu Somalia’s revival continues to surprise. The country has a rich culture, but for years that’s been overshadowed by its troubles. But now Somali talent is being put on display for the world to see. From the capital Mogadishu, CCTV’s Abdulaziz Billow reports. Relatedlast_img

Fight investigation leads to drug arrest in Sunman Sunday

first_imgSunman, In. — The Ripley County Sheriff’s Department made a drug arrest while investigating a report of a fight in the Sunman area. At a drinking party police confiscated $4,800, two pounds of marijuana and paraphernalia.Tyler Gardner, 19, was arrested for maintaining a common nuisance, dealing in marijuana, possession of marijuana, possession of paraphernalia and illegal consumption. Ten others also face multiple charges as a result of the incident.last_img

Earl Moberly

first_imgEarl C. Moberly, 89, of Holton passed away at 6:10pm, Friday, May 1, 2020 at the Manderley Health Care Center in Osgood. He was born near Cottonsburg in Madison County, Kentucky on January 7, 1931 the son of Esker and Entha Adams Moberly. He was married to Myrtle Renfro Kamman on December 21, 1977 and she survives. Other survivors include one son Chris (Dawn) Kamman of Greenwood; daughter-in-law Teresa Wood of Columbus; six grandchildren Molly Hollister, Cassandra Roberts, Benjamin Kamman, Kelsey Scott-Miller, Mackenzie Pierce, amd Isabella Kamman; 4 great-grandchildren. He was preceded in death by his parents, his son Michael Kamman, his brothers Joe, Vaughn, Bert, and Lawrence Moberly, and his sisters Berthie, Dorothy, Mae, and Vlaire. Mr. Moberly was a 1949 graduate of Dupont High School and was an Air Force veteran of the Korean War. He worked as a supervisor at the Muscatatuck State Hospital in Butlerville for 36 years and was also self-employed as a small home contractor specializing in remodeling. Earl loved his family and enjoyed fishing and camping. Due to the current health pandemic funeral services will be private and Earl’s son Chris Kamman will officiate. Burial will be in the Holton Cemetery with military graveside rites by the Versailles American Legion. Memorials may be given to the Holton Cemetery, Dabney Baptist Church, or the American Cancer Society in care of the Stratton-Karsteter Funeral Home in Versailles. . If you would like to have a Hugs from Home card given to Earl’s family to express condolences in your absence, please contact the funeral home at 812-689-1171.last_img read more

$210M budgeted for synthetic tracks in five regions

first_imgA BUDGETED $210M for proposed synthetic track facilities to be laid in Regions 2, 4, 6, 7 and 10 was the highlight that came out of Minister within the Ministry of Education responsible for Culture, Youth and Sport, Nicolette Henry’s budget debate speech when she addressed the National Assembly yesterday morning.The minister’s overall 28-minute speech included deliberations about sports, culture and youth policies.The Minister opened by saying that her presentation “will focus on the achievements in 2016, as well as the measures and plans contained in this budget, intended to positively impact the areas of culture, youth and sport.”As it pertains to sports, Henry made the promise that the government will “work assiduously to prepare our athletes, and 2020 Olympics should see Guyanese athletes more than just participating, but rather they will be given the requisite support and tools to compete”.Following up, the Minister stated that the 2017 budget “makes provision for support to our athletes to benefit from training and development exposure”.The minister did not elaborate or mention the specific programmes or initiatives that will be implemented towards achieving this end or say what direct support will be given to the athletes, or say what was allocated towards achieving this goal.On a mini report on achievements made for this year, the realisation of the National Sports Commission (NSC) electronic national database for athletes was cited.She did, however, hint at realisation of the long-awaited National Sports Policy in 2017, which will “guide” the NSC in its move to “strengthen sport-related services”.She also spoke of the continuation of the training and accreditation of coaches in 2017 through bilateral agreements with Brazil, Cuba, Mexico and Germany, which will provide training in athletics, rugby, football, swimming and any other sporting discipline which needs technical assistance and support.”The provision of up to $10M was mentioned for the continued enhancement and upgrade of identified facilities in the community ground enhancement initiative.Also towards the facilities, Henry says sports facilities can look forward to wifi in 2017, which will aid in the streaming of sports events across the internet.After that the Minister moved on to culture.When the APNU/AFC government took over the reins in 2015 the Ministry of Culture, Youth and Sport was absorbed as a department under the Ministry of Education so that culture, youth and sport initiatives could better be integrated into the school system.last_img read more

Organisers blame late starts, working week for empty  athletics stadium

first_imgBy Brian HomewoodDOHA (Reuters) – The embarrassingly low attendance at the world athletics championships was blamed on late start times and a blockade of the country by other nations in the region by the event’s organisers on Monday.Athletes, pundits and global TV audiences have widely criticised the poor turnout at the Khalifa Stadium over the first three days of competition.The 48,000-capacity venue was barely half full for the men’s 100 meters final on Saturday. But on Sunday, when the women’s 100 meters headlined the action, it was almost completely empty. The local organising committee said in a statement that attendances on Friday and Saturday were “solid” but were “down on our expectations” on Sunday, which they said “coincided with the start of the working week in Qatar.”“The challenge we face with a competition schedule that is geared to support global TV viewership, is that some finals are not starting until the late evening,” it said. “This impacts on the number of spectators remaining until the end of the session.”The LOC said it was “confident with our additional communications (that) we will see more attendees for longer periods.”It then mentioned the boycott which has been imposed on Qatar by Bahrain, Saudi Arabia, United Arab Emirates and Egypt, who accuse the Gulf state of supporting terrorism, which it denies. “Our vision was for a first world championships in the Middle East. An IAAF World Athletics Championships that would welcome the world and connect to new fans. Despite facing unique challenges as hosts, in terms of the political blockade, that ambition remains,” it said.The statement added that the athletes competing at the Khalifa stadium have “relished the experience.” “The controlled temperature conditions on the track have been ideal and fitting for world-class performances and will remain so,” it said.last_img read more

Russell wins F1’s virtual Monaco GP

first_img(REUTERS) – GEORGE Russell took a runaway win for Williams in Formula One’s virtual Monaco Grand Prix on Sunday, the day the cancelled showcase race should have taken place in real life.Mercedes reserve Esteban Gutierrez finished 39 seconds behind with local hero Charles Leclerc third for Ferrari in a home race in every sense given that he was competing from his Monaco apartment on a simulator.It was Russell’s second successive win in a series of virtual races pitting regular F1 drivers against celebrities and aimed at providing entertainment in a season yet to start due to the COVID-19 pandemic.The race, after a wet qualifying, would have wiped out the field in real life with cars banging and barging their way around the simulated version of the familiar track while suffering no damage.There were no safety cars deployed, no costly bungled pitstops and plenty of improbable overtakes on a circuit notorious for the difficulty of passing.The race was also littered with penalties and Italian former F1 racer Vitantonio Liuzzi was disqualified for getting too many.Eight regular grand prix drivers took part in qualifying, including debutants Valtteri Bottas (Mercedes) and Esteban Ocon (Renault) but the latter failed to start.Arsenal striker Pierre-Emerick Aubameyang, whose car collection includes a couple of Lamborghinis and a Ferrari LaFerrari, made his debut for McLaren and finished 16th — three places behind Real Madrid goalkeeper Thibaut Courtois.Puerto Rican singer-songwriter Luis Fonsi, who penned 2017 hit ‘Despacito’ (slowly), competed for Racing Point and was 18th.Leclerc earlier sped for real around the closed and empty streets at up to 240kph in a Ferrari SF90 Stradale sportscar as protagonist of a short film, ‘Le Grand Rendez-Vous’, by French director Claude Lelouch.The film, shot just after dawn, premieres on June 13.The title alludes to Lelouch’s 1976 film ‘C’etait un rendez-vous’ — an illicit high-speed drive through Paris in the early hours to meet a woman on the steps to Montmartre’s Sacre Coeur basilica.last_img read more

Woods needs to win from behind

first_imgTiger Woods started the year out by claiming on his websitethat winning the Grand Slam this year was “easily within reason.”He then went out and made people believe he could win fourmajors in one calendar year by winning his first four tournaments worldwide onhis way to tying Ben Hogan for third place on the all-time career wins listwith 64 career wins.However, Woods didn’t allow the Grand Slam talk to grow whenhe finished three shots behind winner Trevor Immelman. Even though he was sixshots back entering the final round, Woods still had a chance to win — andshould have won — the tournament.Tiger Woods is without a doubt the greatest golfer of ourgeneration. He is also one of the greatest athletes of our generation, but ifhe wants to claim himself the greatest golfer of all time, he needs to dosomething he has never done before: win at least one major coming from behind.He had the perfect opportunity to do that Sunday and failed.Yes, he was six shots back, but the four players ahead of him (Immelman, BrandtSnedeker, Steve Flesch and Paul Casey) had a combined six wins between them andzero wins in a major. Immelman even admitted Saturday night that if Tigerstarted out with a couple of birdies it would have put even more pressure onhim.Despite being six shots back, you had a feeling that ifWoods applied a little pressure out of the gate, the field would come back tohim, and he would have won his fifth green jacket. But instead of applying thepressure, Woods came out and played one over for the first five holes. And hisputting — a strength during the five-tournament winning streak earlier in theyear — was un-Tiger-like all weekend long. Normally anything inside 10 feet isalmost a sure make for Woods, but on Sunday he missed five putts around thatlength, including two that were inside 4-feet.What makes this weekend so disappointing for Woods is thatthe field did come back to him as he earned his second-straight runner-upfinish at the Masters by shooting an even par 72. But had Woods made a few ofthe putts he normally makes we more than likely would be talking about hisGrand Slam chances.All his life, Woods has set his sights at Jack Nicklaus’record of 18 majors. With 13 already, he is well on his way to breaking thatrecord, but unless he is able to win at least one major coming from behind onSunday, he can’t be considered the best golfer in history. He would be, as SkipBayless calls him, “the greatest frontrunner in the history of thesport.”Nicklaus won seven of his majors coming from behind on thefinal day, including his improbable win at the 1986 Masters in which he shot aback nine 30 to win by a stroke. The Golden Bear was four shots back enteringthe final round and had much more experienced competition ahead of him. GregNorman (2 career majors) was the leader with Seve Ballesteros (5), Tom Watson(8), Tom Kite (1) and Nick Price (3) all ahead of Nicklaus.In his prime, Nicklaus also battled with Arnold Palmer (8),Gary Player (9) and Lee Trevino (6). Tiger’s competition hasn’t been thatstrong as Phil Mickelson, Ernie Els and Vijay Singh have the most major winsamong Woods’ competition with three apiece.If Woods gets a lead after three rounds in a major, it is aslam dunk that he will win, but it is almost getting to the point that if hedoesn’t have lead, it is a sure thing he won’t win.Until he proves otherwise, he can’t lay claim to being thegreatest golfer in history.?Greg is a senior majoring in communication arts. Let himknow what you think of Woods’ performance this weekend at gschmitz@badgerherald.com.last_img read more

Diversity and Inclusion Summit held on campus

first_imgOver the next few days, the USC School of Dramatic Arts will host a series of events to start a dialogue about the divisive issues such as race, gender, culture, ethnicity and personal identity. This year’s Diversity and Inclusion Summit began on Thursday with a series of workshops, panel discussions and performances focused on generating conversations among students. The summit, which runs through Oct. 30, was organized by SDA Associate Professor Anita Dashiell-Sparks, and follows a similar event held last year. According to Jacqueline Lawton, an assistant professor in the Department of Dramatic Arts at the University of North Carolina at Chapel Hill and one of the summit’s speakers, last year’s summit focused on trying to diversify SDA in both its admission program and academic offerings. The event, Lawton said, came as a response to students pointing out to Dean David Bridel the lack of diversity in both the student population and the courses the school taught. Lawton led a workshop on gender identity and how that plays on stage, as well as a workshop specifically geared toward using theater for social change. “My work is very specifically geared towards student identifying micro-aggressions,” Lawton said. “It can be from the lenses of gender, sexuality, race, ethnicity, whatever it is that causes pain or angst within them, so they can address it directly and speak about who they are.”This year, the program is split into two different sections. One part, which took place on Thursday and will take place again Saturday and Sunday, offers a series of panels open to the entire USC community. These panels offer perspectives on issues that are at the cornerstone of today’s social activism, including gender politics, cultural appropriation and the importance of making sure that artistic endeavors mirror the diversity of the population. One panel on Thursday afternoon focused on how gender is performed on stage, using the example of the play SEVEN. The panel featured one of the play’s seven playwrights to discuss the creative process involved with staging a play based on current events. Friday’s section is reserved for SDA students and faculty, and features a variety of breakout sessions and workshops with distinguished faculty from the department as well as guest speakers from all over the country. The finale of this event is the town hall at the end of the day, in which students can address questions and concerns directly with faculty and the directors of the program. The program features several more speakers, including writers and producers from shows like Empire and Private Practice, during its panels on Sunday on performing race and class struggles on screen. Sunday’s events also include a panel on how identity politics affects and is represented in mass media, led by the SDA faculty.last_img read more

Volleyball: Badgers continue reign atop Big Ten with pair of sweeps

first_imgThe Wisconsin volleyball team (21-5, 17-1 Big Ten) concluded their regular season home matches with sweeps of the Iowa Hawkeyes and No. 6 Nebraska Cornhuskers. After the wins, University of Wisconsin jumped to No. 2 in the NCAA RPI Poll, but remained at No. 5 in the AVCA Coaches’ Poll. Wisconsin honored their seniors Friday night with an emphatic 25-18, 25-13, 25-15 sweep of the Hawkeyes (9-20, 3-15 Big Ten). The five seniors, Tiffany Clark, Madison Duello, M.E. Dodge, Mallory Dixon and Sarah Dodd, were recognized prior to the game.Volleyball: Badgers retake Big Ten lead with victories over Minnesota, Michigan StateThe No. 5 University of Wisconsin volleyball team (19-5, 15-1 Big Ten) took care of both No. 7 Minnesota and Read…“We were talking with the rest of the team and saying the greatest gift you can give us for senior night is to be ready to play,” Clark said. “It’s really easy to get caught up in all the distractions that tonight offers — all the family, all the pomp and circumstance — but I think we did a really good job at focusing and zeroing in.” Middle blockers Dana Rettke and Danielle Hart delivered on that gift with 15 and 11 kills, respectively. The pair also combined for a .632 hitting percentage. Rettke also added eight blocks, three aces and a dig. UW hit a combined .410 — their second-highest mark of the year — against Iowa’s porous defense. Even M.E. Dodge, a 5 foot 10 defensive specialist, got in on the fun with a kill – the fourth of her career and her first this season. Wisconsin has now won 17 of their last 18 matches against the Hawkeyes. Volleyball: 3 surprising boosts to No. 7 BadgersA season ago, the Wisconsin volleyball team reached the Elite 8 of the NCAA Tournament before their neighbor to the Read…Sunday, the Badgers’ sixth-ranked offense led the sweep over the Nebraska Cornhuskers’ (23-4, 15-3 Big Ten) seventh-ranked defense for the second time this season. This was the first time in program history Nebraska had been swept by a conference opponent twice in one season. Outside hitter Molly Haggerty led the Badgers with 16 kills despite missing the team’s morning practice with an illness. Rettke finished with 12 kills on zero errors and led the match with five blocks. Wisconsin’s offense confounded the Cornhuskers in early October, and it appeared Nebraska Head Coach John Cook and company still hadn’t figured it out. Volleyball: Badgers look to extend historic Big Ten runThe No. 4 Wisconsin volleyball team (16-4, 12-0 Big Ten) remains on the road to face The Ohio State University Read…The balanced Badger offense hit .331 against the top defense in the Big Ten. The Badgers hit .376 against the Cornhuskers earlier this year. These are the two highest percentages Nebraska has allowed this year. The Badgers are now 7-0 against ranked Big Ten opponents and have dropped only four sets in those seven matches.last_img read more