UK government seeks to open up illiquid assets to DC funds

first_imgThe UK government has unveiled proposals aimed at increasing workplace defined contribution (DC) schemes’ investment in so-called illiquid assets, such as infrastructure.Less liquid assets such as small and medium-sized companies or housing were attractive from a diversification and returns perspective for schemes, and were also important sectors of the economy, according to the government.To get more DC schemes investing in these assets the Department for Work and Pensions (DWP) yesterday announced plans for a new way of accommodating performance fees – often associated with illiquid assets – within the 0.75% charge cap on default funds used by auto-enrolment pension schemes. It also proposed a measure aimed at encouraging consolidation, which would require some or all smaller DC schemes to evaluate every three years whether the scheme ought to be merged with a larger scheme and wound up. “Consolidation is taking place, but it could be accelerated,” wrote Guy Opperman, pensions and financial inclusion minister, in the foreword to the consultation.“It’s remarkable that pension schemes from Australia, Canada and elsewhere have bought into UK infrastructure assets, but I rarely note similar investments by UK schemes,” he added. DC evolution ‘milestone’Maria Nazarova-Doyle, head of DC investment consulting at JLT Employee Benefits, hailed the DWP’s consultation as “a very important milestone” in the evolution of DC schemes in the UK.“For too long, DC schemes have been focused on investing in daily dealt funds with 100% liquidity, while not diversifying their investments sufficiently and leaving additional returns that come from an illiquidity premium on the table,” she said.“Recognition that this short-term approach is dangerously misaligned with the long-term horizons of DC savers is now hitting the mainstream and this consultation will bring this issue into the forefront of discussions.”Others appeared to question the effectiveness of the government’s proposals. “If this is done properly, then it will benefit both pension savers and the wider economy”Jonathan Lipkin, the Investment Association“With the benefits of scale and the desire and capability to invest in a broader range of assets, I am confident that we can change that, and can begin to engage members more by showing how their contributions are being visibly put to work.”The DWP consultation also set out plans to require larger schemes to disclose their policy on investing in illiquid assets and to report annually a rough percentage allocation.The UK’s pension fund and asset management trade bodies welcomed the government’s plans but suggested the devil was in the detail.Jonathan Lipkin, director of policy, strategy and research at the Investment Association, said: “If this is done properly, then it will benefit both pension savers and the wider economy and we look forward to working with the government and regulators to deliver on that ambition.”Caroline Escott, investment and stewardship policy lead at the PLSA, said: “It’s important to ensure schemes and trustees retain the freedom to invest as they wish in the interests of their members, so any new rules must respect that freedom and not be overly prescriptive.” Mark Jaffray, Hymans RobertsonMark Jaffray, head of DC consulting at Hymans Robertson, said pricing of illiquid assets would need to improve so that DC schemes could allocate a meaningful amount – suggested as being more than 10%.In addition, investing in illiquid assets required more governance, and trustees and pension managers needed to be comfortable with the associated risks, he said.Steve Webb, former pensions minister and director of policy at Royal London, said the government would need to take a much tougher approach if it wanted to see bigger DC pension investors in the UK.“The government admits that large numbers of small pension schemes already fail to meet even basic rules and regulations about how they operate,” said Webb. “Giving them another duty to review their scale once every three years risks being no more than a feeble tick box exercise.”He also questioned the Pensions Regulator’s capacity for enforcing the mooted triennial assessment given it was “busy dealing with multi-billion pound deficits across the world of [defined benefit] pensions”.Last year, Mark Fawcett – chief investment officer at NEST, one of the UK’s biggest DC master trusts – urged infrastructure managers to raise their game in order to win DC mandates and assets.last_img read more

Danish pensions lobby chief quits after 15 years as latest action plan kicks in

first_imgPer Bremer Rasmussen, the chief executive officer of Danish pensions industry association Insurance & Pension Denmark (IPD), is stepping down, leaving the top role on 1 August, the organisation announced.His departure is linked to IPD’s unveiling of its new action plan, “Strategy 2025”, with the lobby group saying its supervisory board believed now was a natural time to have a new CEO.Bremer Rasmussen said: “It’s been 15 years since I joined Insurance & Pension Denmark. During that time, I have helped formulate and implement three ambitious strategies.“The board of directors adopted a new strategy at the end of 2019. It should be a new chief executive rolling it out,” he added. The association said it had started the process of finding a new leader.Under the new plan, which is to be implemented over the next few years, the sector aims to “be known for its contribution to solving some of the biggest challenges facing Danish and international society”, IPD said.It highlighted the welfare and security of individuals, as well as sustainability and the necessary green transition in Denmark and abroad.IPD’s Strategy 2025 document mentions the commitment the sector made alongside the Danish government at the United Nations to invest an additional sum of around DKK350bn (€46bn) in climate and environmentally-friendly electricity generation worldwide by 2030.It also addresses the need for continued and increased focus on ethical behaviour within the areas of investment, tax, data and with regard to consumers.“We will work to ensure that the industry gets into order within its own ranks, and we will set stricter requirements for those who work with us,” the group said in the plan.In another recent change at the top of the lobby group, in November Laila Mortensen, the CEO of labour market pension fund Industriens Pension, was elected as the new chair of IPD’s supervisory board.last_img read more

Batesville Schools Sports Rescheduled Events

first_imgE.I.A.C. Wrestling Meet . . . At South Dearborn.Monday Night, January 27    Wrestling begins at 4:30 PM.Boys’ Freshman  Tournament. . .  At Connersville High School Gymnasium Monday Night January 27th.Game 1            East Central vs. Lawrenceburg  6:00 PM.Game 2            Connersville vs. Rushville  7:15 PM.Tuesday Night January 28th.Game 3            Batesville vs. Franklin County  6:00 PM.Game 4            Greensburg vs. South Dearborn  7:15 PM.Wednesday Night January 29th .Game 5            Winner Game 1 vs. Winner Game 2  6:00 PM.Game 6            Winner Game 3 vs. Winner Game 4  7:15 PM.Saturday Morning February 1st.Girls Championship Game beginning at 10:00 AM.Boys Championship Game beginning at 11:30 AM.Girls’ Freshman (C) Tournament . . . At East Central  for two rounds.Monday Night , January 27th  (Main Gym).Game 1  Franklin County vs Batesville    6:00 PM.Game 2  Greensburg vs South Dearborn    7:15 PM.Tuesday Night, January 28th (Aux Gym).Game 3    East Central vs winner game 1        6:00 PM.Game 4    Rushville vs Winner Game 2        7:15 PM.Championship game will be played at Connersville, February 1st, 10:00 AM.Girls Varsity and JV Basketball . . .  At Greensburg Tuesday, January 28JV starts at 6:00 PM* Cancel the South Ripley game that was scheduled for that evening.Boys Varsity and JV Basketball . . . At Connersville, Tuesday, February 4.JV starts at 6:00 PM.7th & 8th Girls Basketball at Columbus Central Tournament . . . Not being rescheduled.Submitted by Batesville AD Mark Ferguson.last_img read more

Martinez welcomes Villa resurgence

first_img Villa cut Latics five points adrift of Barclays Premier League safety with a stunning 6-1 win over Sunderland on Monday, their fourth victory in their last seven outings. But Martinez believes Villa’s run has helped Wigan because it has brought other teams into the scrap and it could take pressure off his side’s final-day clash with the midlanders. Lambert’s side are now level with Sunderland and Newcastle on 37 points with three to play while Wigan, on 32 points, have a game in hand. Martinez said: “We wanted Aston Villa to have a very strong ending to the season.” Wigan boss Roberto Martinez insists he is happy to see relegation rivals Aston Villa hitting form. The Spaniard continued: “The reason for that is I don’t think it would be healthy for any of the teams go into the final game of the season as a final, a showdown, where one of the teams has to get relegated. I think that would be very dangerous. “As it stands now I think it shows the fight goes a bit further than two teams. I think that is only a positive for every team involved in that. It is great for us that the fight to avoid that third place is more open than just two teams.” Wigan were just moments away from claiming a valuable three points when they conceded a last-gasp equaliser – an Emmerson Boyce own goal – to Tottenham last weekend. It was an agonising result but the ever-optimistic Martinez has lost none of his confidence and, with recent performances good despite poor results, remains hopeful of safety. Martinez said: “I think we have played extremely well. You need to remember that against Manchester City and West Ham we never got a point but the performances were very good. “Against Spurs we carried on with that level and I think we did enough to get the three points but, as it happens in games sometimes, you don’t the full reward. “If you perform well enough over the period you are fighting to avoid relegation, the reward will be there. “In football I think you always get what you deserve. Over the course of 38 games you can’t come out and complain or moan or blame other people. You need to accept at the end of the 38 games you will get the points you deserve.” center_img Press Associationlast_img read more

Soldado: No easy games

first_img Midfielder Gylfi Sigurdsson does have one eye on the league standings and has urged his team-mates to continue picking up points so they are challenging for Champions League positions at the business end of the campaign. “As long as we’re in the top four we’re quite happy,” he told Tottenham’s official website. “We want to be in there at the end of the season and we just need to keep winning games and keep picking up three points. “It is important after the draw against Everton that we continue to pick up points.” Spurs go into the game on the back of a 2-1 victory over Sheriff Tiraspol which saw them qualify from their Europa League group. Villas-Boas made eight changes for the European tie but a number of players, including Soldado, are expected to return to the starting line-up against Newcastle. One player who definitely will start is goalkeeper Hugo Lloris. Villas-Boas was criticised in some quarters for keeping the France captain on the pitch at Everton after he was knocked unconscious following a collision with Romelu Lukaku. But the Portuguese manager defended his decision and confirmed Lloris will return on Sunday having sat out the Europa League success on Thursday evening. “We watched their game against Chelsea,” he said. “In the first half, they defended well and then attacked more in the second half. It was a good win for them. I’m sure it will be a good match on Sunday. “I think Newcastle will be quite confident and it won’t be an easy match for us.” Summer signing Soldado has yet to fully adapt to the Barclays Premier League but he has struck three match-winning penalties already this season. Spurs have found it a challenge to break teams down at White Hart Lane as the majority of visitors look to shut up shop in an attempt to stifle the wealth of attacking options available to manager Andre Villas-Boas. Soldado’s late penalty winner against Hull in their last home game was such an occasion and, despite Spurs currently sitting in the top four, the former Valencia forward is taking nothing for granted. “You don’t focus on where teams are in the league, you just go out and give 100 per cent in every match,” he said. “It doesn’t matter where teams are in the league, they give everything. There are no easy matches in the Premier League. “If we manage to win, we’ll continue to make progress and build on the draw at Everton.” Tottenham striker Roberto Soldado is wary of facing a Newcastle side high on morale following their recent victory over Chelsea. Press Association The Magpies recorded a 2-0 win at home to Jose Mourinho’s side last weekend and deservedly collected three points from a difficult fixture, with Tottenham held to a goalless draw at Everton. Now Newcastle travel to face Spurs at White Hart Lane on Sunday with Soldado aware that Alan Pardew’s men will have momentum on their side. last_img read more

Stocks Tank Despite Interest Rate Cut by the Fed

first_imgThe 10-year Treasury yield is hitting a record low again after the Federal Reserve cut a key interest rate half a percent today. It dropped more than six basis points to one-point-zero-two-six percent. The bond rate has been falling as people take money out of stocks and look for a safe place to put it. The Dow Jones Industrial Average is falling sharply despite an interest rate cut by the Federal Reserve.The Dow fell by more than 600 points after a press conference by Fed Chairman Jerome Powell.The Fed cut a key interest rate by a half percentage point in an emergency response to the COVID-19 coronavirus outbreak. Breaking: The Fed cut its benchmark rate by a half percentage point, delivering a booster shot to stem potential economic disruptions from the coronavirus https://t.co/5eVxPRykeC— The Wall Street Journal (@WSJ) March 3, 2020last_img read more

Football News Manchester City target landmark treble as UEFA probe looms

first_imgLondon: Manchester City are on the brink of a domestic treble, with only Watford standing in their way in Saturday’s FA Cup final, but a potentially historic season risks being overshadowed by several probes into the club’s off-field conduct. City became the first side in a decade to retain the Premier League title last weekend, holding off Liverpool by a single point at the end of a thrilling race thanks to a run of 14 consecutive league wins to end the season.Pep Guardiola’s men also retained the League Cup in February, the first leg of their potential domestic clean sweep, which has never before been done in England. However, the club have spent much of the week preceding the Wembley showcase responding to reports that they could be set for a season’s ban from the Champions League over alleged breaches of financial fair play rules. For all the Latest Sports News News, Football News News, Download News Nation Android and iOS Mobile Apps. The case was referred to UEFA’s adjudicatory chamber on Thursday to decide what sanction, if any, should be imposed. City replied, saying they were “disappointed, but regrettably not surprised” by the move from European football’s governing body. Reports by German publication Der Spiegel had alleged that City, bankrolled by Sheikh Mansour, a member of Abu Dhabi’s royal family, set up sponsorship deals to circumvent regulations limiting how much money owners can put into a club.However, that is not the only current investigation into City’s practices off the field. England’s Football Association said in February it was investigating allegations that City paid USD 256,000 to Borussia Dortmund winger and England international Jadon Sancho’s agent when the player was 14. FA rules state that young players cannot be represented by an agent until the year they turn 16.And the English champions could be hit with a two-window transfer ban by FIFA over the recruitment of foreign minors and alleged breaches of third-party ownership.”I’m not too much concerned or worried about what people say,” City boss Guardiola previously insisted when questioned whether the investigations threaten to taint his legacy at the club.”If we have made mistakes we will be punished — it is what it is, on and off the pitch — but I’m pretty sure what we have done is incredible.” last_img read more

Update on the latest sports

first_imgNEW YORK (AP) — The NFL players’ union executive committee have voted 6-5 to recommend rejecting the terms of a labor deal approved by NFL owners the previous day.The owners’ proposal features a 17-game season, shorter preseason, larger rosters and limits on the number of international games. It will next be voted on by the 32 player representatives. Even if they reject it, the union is expected to bring the plan to the entire membership. Objections to an expanded regular season are considered the main stumbling block for player approval.In other NFL news:— The Bears have waived cornerback Prince Amukamara (ah-moo-kah-MOOR’-ah) and speedy receiver Taylor Gabriel. Amukamara started 42 games over the past three seasons and gave the Bears a physical presence in the backfield. Gabriel has 2,860 yards and 14 touchdown catches in six years with three teams.— The Jaguars exercised contract options on receiver Chris Conley and free safety Jarrod Wilson. The Jaguars now have Conley under contract through 2020 and Wilson through 2021. Wilson started all 16 games last season and led the team with 73 tackles and 1,186 snaps. Associated Press Indians’ Carrasco day to day with mild hip flexor strainUNDATED (AP) — Cleveland Indians right-hander Carlos Carrasco has been diagnosed with a mild strain of his right hip flexor after feeling discomfort while doing squats in the weight room during spring training.Manager Terry Francona said Carrasco felt something in his upper leg when squatting on Wednesday.The 32-year-old pitcher made an inspiring comeback last season after being diagnosed with leukemia. He revealed that in June and returned as a reliever in September after treatment.In other MLB news: Share This StoryFacebookTwitteremailPrintLinkedinRedditNBA-SCHEDULERaptors, Celtics winUNDATED (AP) — The Toronto Raptors bounced back nicely after their team-record, 15-game winning streak was stopped by a 20-point loss at Brooklyn just before the All-Star break. Pascal Siakam (see-A’-kam) poured in 37 points and grabbed 12 rebounds as the Raptors dumped the Suns, 118-101. Siakam connected on 12 of 19 attempts, including 5 of 9 from 3-point range.Serge Ibaka (ih-BAH’-kah) contributed 16 points, while teammates Fred VanVleet and Terence Davis each added 14 for the defending NBA champs.The outcome leaves the Raptors with a 41-15 record and a 1 ½-game lead over Boston in the Atlantic Division.The Celtics kept pace as Gordon Hayward scored a team-high 29 points in a 127-117 win at Minnesota. Daniel Theis (tys) had career highs with 25 points and 16 rebounds to help the Celts win for the ninth time in 10 games.Jalen Brown accounted for 25 points for Boston, and Jayson Tatum added 28 with 11 rebounds while fellow All-Star Kemba Walker sat out because of a minor knee injury. Blue Jackets lose their top scorerUNDATED (AP) — The Columbus Blue Jackets have lost their top goal-scorer for the rest of the season.The team says forward Oliver Bjorkstrand (BYOHRK’-strand) fractured an ankle in Thursday night’s loss to the Philadelphia Flyers. General manager Jarmo Kekalainen (YAHR’-moh keh-kah-LAY’-nehn) says Bjorkstrand will be out eight to 10 weeks and might need surgery.Bjorkstrand has 21 goals and 36 points in 49 games this season. He paces Columbus with five game-winning goals and 11 multi-point games.In other NHL news: In last night’s other NBA action:— LeBron James scored 32 points and Anthony Davis finished with 28 points and 13 rebounds to send the Lakers to a 117-105 win over the Grizzlies. Avery Bradley added 14 points for the Western Conference-leading Lakers, who finished strong after blowing most of their 25-point lead. Davis had 14 points and seven boards in the fourth quarter as Los Angeles won its fourth in a row to improve to 42-12.— The Mavericks cruised to a 122-106 win at Orlando behind Luka Doncic (DAHN’-chich), who furnished 33 points, 10 rebounds and eight assists. Max Kleber added a career-high 26 points off the bench as the Mavericks improved to 19-8 away from Dallas this season, bettering their road victory total from last year.— Chris Paul furnished 20 of his 29 points in the second half of the Thunder’s 113-101 triumph over the Nuggets. Steven Adams chipped in 19 points and 17 rebounds to Oklahoma City’s 14th victory in 17 games.— The Pacers were 106-98 winners over the Knicks as T.J. Warren provided 27 points and eight rebounds for Indiana. Domantas Sabonis (doh-MAHN’-tahs sah-BOH’-nihs) added 24 points and 13 boards to Indiana’s second straight win. Documents show federation lawyers repeatedly pushed members of the champion U.S. women’s team to detail distinctions between their sport, which they dominate, and the men’s game, where the Americans struggle. Joe Paterno was 85 when he died of cancer-related complications in January 2012.WOMEN’S SOCCER-EQUAL PAYAmerican women seek more than $66M in damages from US SoccerUNDATED (AP) — Players on the U.S. women’s national team are seeking more than $66 million in damages as part of their gender discrimination lawsuit against the U.S. Soccer Federation.Players on the women’s national team sued the federation last March alleging institutionalized gender discrimination. — Astros outfielder Josh Reddick says he and other players have received death threats in the wake of the team’s sign-stealing scandal. Reddick told reporters in Florida that he received threats on social media and people have commented on pictures of his infant twins, saying they hope they get cancer.PGA-MEXICO CHAMPIONSHIPDeChambeau birdies his way to 1-shot lead in MexicoMEXICO CITY (AP) — Bryson DeChambeau is the leader at the midway point of the Mexico Championship.DeChambeau carded seven birdies in an eight hole stretch for an 8-under 63 in this World Golf Championship event. He will enter Saturday with a one-stroke lead over Erik van Rooyen and Patrick Reed at 11 under. The win leaves the Blues four points ahead of Dallas. The Stars have a game in hand.Colorado leapfrogged ahead of the Stars and remain three points behind St. Louis after the Avalanche earned a 1-0 win at Anaheim. J.T. Compher scored in the second period to back Pavel Francouz (FRAN-sohs), who made 26 saves in his first NHL shutout.The Avalanche have won a season-high five straight on the road and have taken 10 of their last 14 overall.Elsewhere on NHL ice:— The Bruins picked up their fifth straight win as Patrice Bergeron (pah-TREES’ BEHR’-zhuh-rahn) supplied a pair of goals in a 4-3 decision over the Flames. Bergeron has scored 21 times in 32 games since returning from a lower-body injury, one reason for Boston’s five-point lead over Tampa Bay in the Atlantic Division race.center_img Update on the latest sports — Dejounte (dih-ZHAHN’-tay) Murray’s 23 points and seven rebounds led the Spurs’ balanced attack in a 113-104 downing of the Jazz. DeMar DeRozan added 18 points and seven assists, while LaMarcus Aldridge chipped in 15 points and eight rebounds as San Antonio stopped Utah’s four-game winning streak.— Zion Williamson hit the 20-point mark for the seventh straight game by providing 25 in the Pelicans’ 128-115 win against the Trail Blazers. Jrue (jroo) Holiday finished with 20 points and nine assists as New Orleans won for the fourth time in five games.— The Cavaliers won their first game under interim coach J.B. Bickerstaff as Colin Sexton scored 14 of his 25 points in the fourth quarter of their second consecutive victory, 113-110 against the Wizards. Cedi Osman added 16 points and Darius Garland had 15 to help Cleveland win for the third time in 16 games since their previous two-game winning streak.NBA-LAKERS-RESCHEDULESNBA reschedules Lakers games NHL-SCHEDULEBlues pad division lead, Avs winUNDATED (AP) — The St. Louis Blues have put a little more distance between themselves and the Dallas Stars atop the NHL’s Central Division.David Perron (peh-RAHN’) scored his team-leading 24th goal and the Blues picked up their third win in a row by thumping the Stars, 5-1. Jaden Schwartz added his 20th goal to give St. Louis a 4-0 lead and chase All-Star Ben Bishop from the nets early in the second period.Colton Parayko (pah-RAY’-koh) collected a goal and two assists for the defending Stanley Cup champs, while Jordan Kyrou (KY’-roo) furnished a goal and an assist. The documents say a former vice president of student life told police he had no idea that Anderson had remained at the school for decades after he confronted the doctor about the allegations.PENN STATE-ABUSEPenn State settles ‘outstanding issues’ with Paterno familyHARRISBURG, Pa. (AP) — Penn State and the family of the late head football coach Joe Paterno announced Friday they have resolved “outstanding issues” that had divided them, eight years after he was fired following assistant coach Jerry Sandusky’s child molestation arrest. Sandusky was convicted of 45 counts of child sexual abuse in 2012 and is serving a 30- to 60-year prison sentence.The deal ends a lawsuit against the university by the Paternos’ son Jay Paterno, who is currently a member of the Penn State board. Jay Paterno had claimed the university-commissioned report into the scandal had unfairly tarnished him and made him unable to find work as a football coach. February 22, 2020 Justin Thomas and Hideki Matsuyama (maht-soo-YAH’-mah) are two strokes back and one ahead of Rory McIlroy.UNIVERSITY OF MICHIGAN-DOCTOR INVESTIGATIONDocuments: Michigan student says he reported doctor’s abuseANN ARBOR, Michigan (AP) — Documents show a doctor continued to work at the University of Michigan for decades after a supervisor confronted him about allegations of sex abuse.According to the documents released to The Associated Press on Friday, one former student told investigators that Dr. Robert E. Anderson was known by student athletes as “Dr. Drop your drawers Anderson.” That man says he told his wrestling coach and others that Anderson molested him during a medical exam in the 1970s. — The Islanders’ season-worst, four-game losing streak is over after Jordan Eberle notched his third career hat trick to lead a 4-1 win against the Red Wings. Leo Komarov (KAH’-mah-rahv) added an empty-netter and Semyon Varlamov (SEHM’-yuhn vahr-LAH’-mahv) stopped 21 shots for New York, which scored just twice in a just-completed, 0-4 road trip.— Jared Spurgeon scored three times and the Wild gave their fading playoff hopes a boost with a 5-3 win against the Oilers. Ryan Nugent-Hopkins had a pair of goals and an assist for Edmonton, which remains one point behind Vegas for the Pacific Division lead.— The Rangers made it eight wins in 11 games as Mika Zibanejad (MEE’-kuh zih-BAN’-eh-jad) furnished a goal and two assists in a 5-2 verdict over the Hurricanes. Artemi Panarin (ahr-TEH’-mee pah-NAH’-rihn) and Ryan Strome (strohm) each had a goal and an assist in New York’s seventh consecutive road win.— Alex DeBrincat’s (deh-BRIHN’-kats) second goal of the night came 4:02 into OT and sent the Blackhawks past the Predators, 2-1. Corey Crawford stopped 42 shots to backstop Chicago’s second win in nine games.NHL-NEWS — The Bruins have added an experienced forward by getting Ondrej Kase (AHN’-dray KAH’-shah) from the Ducks for veteran center David Backes (BAK’-ehs) and 20-year-old blueline prospect Axel Andersson. The move frees up cap space for the Bruins, who were still on the hook for Backes’ contract after he and the team agreed he should stay away from the club while Boston tried to work out a deal.— The Islanders have retired John Tonelli’s No. 27, although he’s given Anders Lee his blessing to continue wearing the jersey number. Tonelli scored or assisted on some of the more memorable playoff goals while the franchise was winning four straight Stanley Cups. He joins Denis Potvin, Clark Gillies, Bryan Trottier, Bob Nystrom and Billy Smith in the rafters at Nassau Coliseum, along with coach Al Arbour and GM Bill Torrey.— Winnipeg native Cody Eakin has been acquired by the Jets from the Golden Knights for a conditional fourth-round pick in 2021. The draft choice will become a third-rounder next year if the Jets make the playoffs or re-sign Eakin to a new contract by July 5.— The Sabres have placed suspended defenseman Zach Bogosian on unconditional waivers with the intention of terminating his contract. The move puts Buffalo in position to part ways with a disgruntled player who asked to be traded earlier this season and spent the past week refusing to report to the minors.MLB-NEWS UNDATED (AP) — The game between the Los Angeles Lakers and Clippers that was postponed following Kobe Bryant’s death has been rescheduled for April 9. The game was originally scheduled for Jan. 28, two days after Bryant’s death in a helicopter crash. The Lakers will play at home on three straight nights, with the NBA saying Friday that the game against Golden State scheduled for April 9 will be played April 7 and the game against Chicago set for April 7 will be played April 8.In other NBA news:— Minnesota Timberwolves center Karl-Anthony Towns will sit out for at least two more weeks because of an injured left wrist that the team announced Friday is broken. Towns first had an X-ray after hurting his wrist Jan. 25 against Oklahoma City.NFL LABORUnion committee rejects NFL labor deal; player reps to votelast_img read more

Season winds to close

first_imgWith BCS leader Ohio State (10-0, 6-0) at the top of theconference, the college football world’s eyes will be on the Big Ten and theBuckeyes as they attempt to remain perfect in the final two weeks. After theirwell documented struggles early on, the resurgent No.12 Michigan Wolverines(8-2, 6-0) will look to make a run at OSU and the Conference championship.Michigan would appreciate the help this weekend from conference rival Illinoisagainst the No. 1 team in the land before it takes on the Buckeyes next weekendin Ann Arbor.Illinois, too, would like to play spoiler this weekend asthey travel to Columbus to take on the Buckeyes. The Illini are familiar withplaying highly touted teams as they defeated then No. 5 Wisconsin in October.Illinois head coach Ron Zook does not necessarily see thisweek’s preparation as tantamount to any other circumstance.“Once again, we’ve got to take care of us,” said Zookduring the Big Ten teleconference Tuesday. “We told our team last night that theonly different thing is that you are preparing for the No. 1 team in thenation. The only thing that means is that you are preparing for an awfully goodfootball team. We’ve still got to do the things that we’ve done to get to thispoint.”Sitting in third place in the conference, Illinois islooking to continue its winning streak after two consecutive victories,including last week’s 44-17 stomping of Minnesota.”We know that we’re not what we are supposed to be, but weknow we are improving,” Zook said. “The one thing that that gives us is anopportunity as a program to see that we have made progress from the first gamethis year to now.”Now, we have to go see where we are, and this will be agreat measuring stick for us.” While OSU will look to stay unbeaten and play for a NationalChampionship, three Big Ten teams — Michigan State, Iowa and Northwestern — arestill searching for their highly coveted sixth win and Bowl eligibility.Northwestern hosts Indiana, Iowa faces Minnesota, but MichiganState faces the toughest challenge at Purdue. Even though the multitude ofthese Bowl games are often considered trite, all three schools would enjoy theopportunity to reach them in order to improve as football programs.”I think it’s very important we get to a bowl game,”Michigan State head coach Mark Dantonio said. At the same time, Dantonio emphasized the importance oftaking the football season one step at a time.”We’ve been sort of stuck on No. 5 for quite some time here,so we’ve been talking about it just as a reality,” Dantonio said. “We’re goingto continue to play it through. It’s got to go one play at a time.”Other teams in the Big Ten — Purdue, Wisconsin and PennState — are just trying to remain focused and jockey for a position that wouldplace them in a more prestigious bowl game like a trip to Tampa Bay for theOutback Bowl. Penn State plays out of conference at in-state rival Templethis week. These games have become common late in the season. Because of these quirks in the schedule, cellar-dwellerMinnesota (1-9, 0-6) has more to look forward to than Penn State, as they playin two straight “trophy” games against Iowa and Wisconsin. “I know since I’ve been on the job that I’ve learned a greatdeal about the trophy games and how important they are to all Minnesotans andhow important they are to the University of Minnesota to go play well againstIowa and win,” Minnesota head coach Tim Brewster said. “We have the Floyd ofRosedale here in our presence today, and we’d like very much to keep that pigright here in the Twin Cities.”These next two weeks will be amazing weeks for us allbecause we’ll be playing big rivalry games against Iowa and Wisconsin. It’swhat college football is all about.”With Minnesota still playing for pride, a pig and axe,three teams fighting for bowl eligibility, and the No. 1 team in the nationlooking to stay atop college football, the coming weeks promise to be excitingfor football in the Big Ten.last_img read more

City of Alpena Fire Department Holds Training

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisThe Alpena Fire Department got some training in Wednesday morning. Reporter Star Connor was there for all of the action.Package: Imagine wearing a heavy suit, and not be able to breathe while trying to save someone. That’s just what the men and women of Alpena Fire Department do almost everyday.Early Wednesday morning, the fire department practiced routines and trained during a victim rescue just as if they were in a real life fire.“What we’re doing as far as the training is we’re going over a couple different scenarios. One is a victim rescue and the other one is a mayday situation,” Captain Rob Edmonds said.The department has training once a month to prevent accidents like the one they had while putting out flames during a fire last month. When it comes to this type of training, Edmonds said firefighters need to make sure they are in great shape.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThis Tags: alpena, Alpena Fire Department, City of Alpena Fire Department, Fire Department, Fire TrainingContinue ReadingPrevious H.P.C. Credit Union Presents Check to Future Alpena Dog ParkNext Friends of Thunder Bay National Marine Sanctuary Talks Upcoming Event: ‘All Aboard’ at New Fletcher Street Depotlast_img read more