Japan ruling party sets Sept 14 vote on PM Abe’s successor

first_imgRivalsKishida, 63, a former foreign minister, was in the past considered Abe’s favored successor.But the outgoing prime minister has said he will not endorse a candidate, and Kishida’s limited public profile is likely to leave him struggling to challenge the likes of Suga.On Wednesday, the policy chief said more was needed from Abe’s signature economic stimulus program, as it had primarily benefited big companies and the rich.”Trickle-down effects are expected for the middle class, mid-sized and small-sized companies and for the countryside, but that’s not happening yet,” he argued in an interview with local media.Ishiba, 63, polls well with the general public but is less popular among party members.He once left the LDP — spending time as both an independent and briefly joining another party — and many within the ruling bloc have not forgiven the political dalliance.Ishiba has also stressed the need for everyday people on lower incomes to benefit from government economic policies, and said Japan needs to reduce its reliance on nuclear power. Japan’s ruling party will vote on September 14 on Prime Minister Shinzo Abe’s replacement, an official confirmed Wednesday, as powerful chief cabinet secretary Yoshihide Suga consolidated his frontrunner status in the race.A vote in parliament — expected to endorse the Liberal Democratic Party’s new leader — is likely to follow on September 16.The new prime minister will face a raft of challenges, from the coronavirus pandemic to a tanking economy, as well as ensuring the postponed Tokyo Olympic Games can go ahead. Topics : Key LDP factions have already thrown their support behind Suga, who is expected to formally announce his candidacy later Wednesday.Two other candidates, former defense minister Shigeru Ishiba and LDP policy chief Fumio Kishida, have so far announced plans to stand.Abe, Japan’s longest-serving leader, kicked off the race when he said last week he would step down over health problems. Scaled-back vote The LDP has opted for a scaled-back leadership vote that will not include rank-and-file members.Instead, only its MPs and three representatives from each of the country’s 47 prefectures will vote.The decision has elicited some criticism, but party officials said it would take too long to organize a broader vote.Experts said the format favors Suga, 71, who has built an effectively insurmountable lead in the race already.His selection “is increasingly assured, as the LDP’s factions -– with the exception of the factions headed by rival candidates Shigeru Ishiba and Fumio Kishida -– have lined up behind Suga”, said Tobias Harris, a Japan expert at Teneo consultancy, in a note.Suga has held his key post for years — coordinating policy among ministries and agencies, and serving as the effective face of the government as its chief spokesman.Considered a pragmatic politician, he is a close Abe advisor who encouraged the prime minister to run again after a disastrous first term in office ended after just a year in 2007.last_img read more

Dutch pension fund replaces equity managers with BlackRock

first_imgAs a result, its matching portfolio now consists solely of government bonds and interest derivatives.Last year, the pension fund adopted a dynamic asset allocation strategy centred around SNPF’s ‘policy funding’.Under this new strategy, the scheme raises or lowers the risk profile of its investments in synch with its coverage ratio.SNPF chairman Eric Greup conceded that the strategy change had not yet taken into account the planned merger with SBMN, the €1bn pension fund for notaries’ staff.“Currently,” he said, “a working committee is assessing how the future joint investment policy could be shaped.”Greup explained that the schemes’ investment model differed too greatly for amendments ahead of the merger, but he said options had been identified for strategic asset allocation and interest hedges.SBMN has contracted out its asset management to Aegon AM.At the start of 2015, it replaced its capital contract for investments with Aegon funds, which allowed SBMN to choose its desired risk/return profile.Last year, the scheme for notaries’ staff replaced its interest hedge through the Aegon Long Duration Overlay fund with Aegon’s Strategic Liability-Management Fund (SLM).Last year, SNPF also outsourced its pensions administration to TKP Pensions.Greup warned that the planned merger was taking longer than expected and acknowledged that it could face a second delay.“Nevertheless,” he said, “our intention still is that the merger should start on 1 January retrospectively, if the deal is concluded not too long after this date.”According to Greup, all relevant bodies and authorities have already approved the merger plan, including the Dutch government.“However, the Council of State, the Netherlands’ highest legal college, is still assessing the necessary amendment of the Notaries Act,” he said.SNPF and SBMN returned 24.1% and 25.6%, respectively, last year, chiefly due to their interest hedges.Just before the recent reduction of the ultimate forward rate, their funding ratios were 108% and 109.7%, respectively. SNPF, the €1.4bn pension fund for Dutch notaries, has replaced equity managers JP Morgan Asset Management and BNP Paribas for BlackRock to “streamline” its investment portfolio.The pension fund, according to its 2014 annual report, made the changes to cut costs and reduce risk. It awarded BlackRock two passive mandates, covering developed and emerging markets.SNPF also concentrated its high-yield investments within the European credit section of its return portfolio.last_img read more

Govt ignoring democracy on paid parental leave bill

first_imgNZ Herald 17 June 2016Family First Comment: Not the first time that the National govt has ignored democracy. Remember 2009? Smacking Referendum? 87%? #selectivedemocracyFinance Minister Bill English is accused of “ignoring democracy” after he vetoed eight more weeks of paid parental leave despite broad Parliamentary and public support.Labour MP Sue Moroney’s bill, which would raise paid leave from 18 weeks to 26 weeks, has a majority of votes in Parliament and was set to pass into law later this month.Mr English has maintained that the law change is unaffordable. As promised, he invoked his powers to veto legislation which had an impact on the Government’s books – the first time he has used the veto to sink a bill.“The Government’s got to weigh up a whole lot of other needs,” Mr English said.“There’s a case for paid parental leave, there’s a case for more money for melanoma drugs, there’s a case for more intervention for people who are homeless, and we have just got to weigh all those up.”It brings to an end a four-year fight by Ms Moroney to extend paid leave.READ MORE: http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11657987last_img read more

Arsenal consider shock short-term deal for Burnley keeper Hart

first_img read also:Ronaldo tops chart for highest-earning athlete on Instagram during lockdown It means Arsenal will likely be without Leno for the rest of the season and are considering a swoop for Hart, who could be brought in to compete with the goalkeeper jersey with Emiliano Martinez. Hart is set to leave Burnley next week when his contract expires, and will be available on a free transfer. FacebookTwitterWhatsAppEmail分享 The Sun says Arsenal are considering a shock move for Hart. The Gunners are continuing to assess the damage done to Bernd Leno following his injury at Brighton on Saturday. The German landed awkwardly after a collision with Neal Maupay and headed back to north London on crutches.Advertisement Burnley goalkeeper, Joe Hart, is being linked with Arsenal. Promoted ContentBirds Enjoy Living In A Gallery Space Created For ThemPortuguese Street Artist Creates Hyper-Realistic 3D GraffitiThis Guy Photoshopped Himself Into Celeb Pics And It’s Hysterical6 Ridiculous Health Myths That Are Actually True14 Hilarious Comics Made By Women You Need To Follow Right Now14 Hilarious Comics Made By Women You Need To Follow Right Now8 Superfoods For Growing Hair Back And Stimulating Its Growth10 Greatest Disney Female Villains We Love Anyways12 Movies That Almost Ended Their Stars’ Careers10 Risky Jobs Some Women Do10 Hyper-Realistic 3D Street Art By OdeithAir Pollution Is Rapidly Decreasing Thanks To COVID-19 Loading… last_img read more

Mourinho hails Fabregas display

first_img After three years in Barcelona, Fabregas returned to the Barclays Premier League on Monday night – and he instantly looked at home in Mourinho’s side, who looked very much like title contenders. The Spain midfielder set up Andre Schurrle with a perfectly-weighted pass and he also had a hand in each of Chelsea’s other two goals, scored by Diego Costa and Branislav Ivanovic. Costa was a constant menace to the Premier League newcomers all night and he got on the score sheet with a poacher’s effort from 12 yards. Fabregas then cushioned a perfect ball into the path of Schurrle to cap off a 25-pass move before Ivanovic met the Spaniard’s corner to make it 3-1 in the 34th minute. Mourinho was happy with how his team responded to Scott Arfield’s opening strike, and he found Chelsea’s second goal particularly pleasing. “Everything was fantastic, the movement and the quality of the pass and the vision and the understanding between them was beautiful,” the Portuguese said of Schurrle’s goal. “Emotionally we were not affected by the goal we conceded. “We conceded a goal, but we never lost composure and we deserved these three points against a side that is going to give a fight to everyone that comes here.” Mourinho’s only complaint was with the officials for booking Costa for simulation when his trailing leg was actually caught by Burnley goalkeeper Tom Heaton. “It was a penalty, but the linesman decided not to give it,” said Mourinho, who also handed Thibaut Courtois his debut and brought summer signing Didier Drogba off the bench in the second half. “The kid (Costa) presents himself here today with a fantastic, competitive, clean and polite attitude. “I hope he doesn’t get more unfair decisions.” Burnley manager Sean Dyche, who led the Clarets back into the top-flight last term, was not too disheartened by the defeat, which came in front of a noisy capacity crowd at Turf Moor. “Chelsea have quality in all areas,” the former Watford manager said. “We kept going, which is important. The will and demand is there. “We have a strong mentality. Ian Holloway said last year we had the strongest jaw in the division. “We know it is not a sprint, it is a marathon and it is going to be a tough marathon.” Dyche has brought in seven new players this summer, but he feels more additions are needed. He said: “We need to build a squad. It is not just a starting 11. We are carrying light numbers. We definitely need strength in depth.” Watching the £27million signing dictate a high tempo and put in tackle after tackle, it was hard to think why Arsenal, and Manchester United in particular, passed up the opportunity to sign the 27-year-old Catalan, who was given the man of the match award for his efforts. Afterwards Mourinho praised Fabregas for providing him with the creativity and drive that was sometimes missing from the Chelsea midfield last season. “I think the team played very well but I agree with Cesc being the man of the match because him and (Nemanja) Matic they controlled the game,” the Chelsea manager said. “Those two dictated the intensity of the game. They are both good brains in this team and I am happy with that because probably last season we couldn’t control the game the way we did today. “In the last 10 years, Cesc and I were in the same league for six or seven years so I know what he can bring to this team. “He makes the right decisions, the right intensity of the game and he brings other people in the right direction. I am really happy with him.” Fabregas was one of four summer signings to feature in a new-look Chelsea team now shorn of the likes of Ashley Cole and Frank Lampard. Chelsea will come up against better opposition this term, but the way they started the season suggests this new and improved Blues team deserves its status as title favourites. Jose Mourinho hailed Cesc Fabregas after the midfielder enjoyed a stunning debut in Chelsea’s 3-1 win over Burnley. Press Associationlast_img read more

Serena, Osaka exits open Paris boulevard for Halep

first_imgBy Julien PretotPARIS, France (Reuters) – Simona Halep’s path to a second successive French Open title cleared up in spectacular fashion yesterday after 23-time Grand Slam champion Serena Williams and world number one Naomi Osaka exited Roland Garros in the third round.Williams failed to recover from a woeful start against fellow American Sofia Kenin as the 20-year-old motored into the last 16 with a 6-2, 7-5 win, putting the former world number one’s quest for a record-equalling 24th singles major on hold.Williams, who suffered her earliest Grand Slam exit since Wimbledon 2014, was given a standing ovation as she walked off Court Philippe Chatrier while sections of the crowd jeered her conqueror.The 37-year-old Williams, seeded 10th, paid the price for her lack of match practice as she was playing in only her fifth tournament of the year, and her fightback in the middle of the second set was short-lived.Osaka, just like Williams, was a possible semi-final opponent for third seed Halep, who is looking to become the first woman to retain the Suzanne Lenglen Cup since Justine Henin won a third consecutive title in 2007.But the Japanese top seed, who had already been forced to go the distance in her first two rounds, was clueless in a 6-4, 6-2 defeat to Czech Katerina Siniakova.The loss snapped Osaka’s 16-match winning streak in Grand Slams after she won the 2018 U.S. Open and this year’s Australian Open.With Osaka gone, five of the top six seeds are now out of the women’s singles draw, leaving Halep as the sole survivor. The Romanian showed her best side in a 6-2, 6-1 dismissal of Ukrainian 27th seed Lesia Tsurenko.In the men’s draw, world number one Novak Djokovic strolled into the fourth round with a 6-3, 6-3, 6-2 victory against Italian qualifier Salvatore Caruso. Leading the charge of the young generation, Alexander Zverev continued to flirt with danger, the German fifth seed advancing with a 6-4, 6-2, 4-6, 1-6, 6-2 victory over Serbian Dusan Lajovic – his second five-setter of the tournament.The 22-year-old, who has now won all five-set matches he has played at Roland Garros, next faces Monte Carlo Masters winner Fabio Fognini after the Italian ninth seed dismissed Spain’s Roberto Bautista Agut 7-6(5), 6-4,, 4-6, 6-1.Greek Stefanos Tsitsipas and Austrian Dominic Thiem both progressed with four-set victories. Last year’s runner-up Thiem will take on Gael Monfils, one of two Frenchmen left in the draw.Tsitsipas will be up against a resurgent Stan Wawrinka after the 2015 champion downed Bulgarian Grigor Dimitrov in three tiebreaks.last_img read more

Windies and India to kick off World Test Championship

first_img…Guyana to host India/WI  T20 and ODI matches on August 6 and 8 WEST Indies will begin their bid to become World Test champions during the India Tour of the Caribbean, which starts in August and will be sponsored by MyTeam11 and co-powered by Skoda and Kamla Pasand.The West Indies and India will play two Tests – from August 22 to 26 at the Vivian Richards Cricket Stadium in Antigua and from August 30 to September 3 at Sabina Park in Jamaica – during the five-week Tour, which also includes three Twenty20 and three One-day Internationals.Guyana will host the final Twenty20 on August 6 and the first ODI on August 8 at the Guyana National Stadium, Providence. These matches will see the India cricket team return to Guyana for the first time since 2002.The two Tests open the new ICC World Test Championship, which will be played over the next two years and has been introduced to give greater context and competition in the “Ultimate Test” of the game, combining strategy, skill and endurance.“The West Indies and India have a long and colourful rivalry, and the MyTeam11 Series will bring more thrilling competition across every format of the game,” said Cricket West Indies Chief Executive Officer Johnny Grave.“We’ll be seeing some of the World’s best players go head-to-head in T20Is, ODIs and then in the new World Test Championship. West Indies fans, young and old, will have the opportunity to see some incredible cricket.”The MyTeam11 Series starts with three T20Is. The first two matches will be contested back-to-back on the weekend of August 3 and 4 at the Broward County Stadium in the city of Lauderhill in the American state of Florida.Only one of the two T20Is produced a result when the two sides played at this venue three years ago before sell-out crowds, with the second match ending in a no-result, due to a rain and technical delay.In the first match of the series, India’s K.L. Rahul scored the second-fastest T20I century off only 46 balls, eventually finishing on 110 not out for the highest international score in the venue’s history.The two teams also posted the highest international innings totals in the venue’s history for a World record of 489 runs, with the West Indies winning by one run, thanks to an even hundred off 49 balls from left-handed opener Evin Lewis.“We’re excited to bring two more T20Is to Florida, giving the West Indies diaspora in North America the opportunity to watch the team play ‘live’ and in person,” said CWI Commercial, Marketing and Communications Director, Dominic Warne.“This continues our plans of growing our audience and the game’s appeal in North America to increase participation and investment back into the West Indies. The MyTeam11 Series will provide a chance for a growing audience in the United States, who follow the West Indies, to experience the fast-paced action of the T20 format.”The last of the three T20Is in the MyTeam11 Series will be played on August 6 at the Guyana National Stadium, where the series also transitions to the 50 overs-a-side format. The first ODI takes place on August 8, the first time in three decades the two sides will contest an ODI in the South American nation.The MyTeam11 ODI series concludes with matches on August 11 and 14 at the Queen’s Park Oval in Trinidad.Tour itinerary West India vs India ST JOHN’S, Antigua,  (CMC) – Following is the itinerary for India’s tour of West Indies announced Wednesday by Cricket West Indies(CWI):Itinerary:Sat, Aug 3: 1st Twenty20 International – Central Broward Regional Park, United States (10:30 am start)Sun, Aug 4: 2nd Twenty20 International – Central Broward Regional Park (10:30 am)Tue, Aug 6: 3rd Twenty20 International – Guyana National Stadium, Guyana (10:30 am)Thu, Aug 8: 1st One-day International – Guyana National Stadium (9:30 am)Sun, Aug 11: 2nd One-day International – Queen’s Park Oval, Trinidad (9:30 am)Wed, Aug 14: 3rd One-day International – Queen’s Park Oval (9:30 am)Sat, Aug 17-19: Tour Match – Coolidge Cricket Ground, Antigua (9:30 am daily)Thu, Aug 22-26: 1st Test – Vivian Richards Cricket Ground, Antigua (9:30 am daily)Fri, Aug 30 – Tue, Sep 3: 2nd Test – Sabina Park, Jamaica (9:30 am daily)last_img read more

‘CONCACAF could have eight  World Cup spots for 2026’

first_img-Montagliani wants region to take advantage of opportunity CONCACAF president Victor Montagliani has asserted the confederation is looking to fill eight spots at the 2026 FIFA World Cup, which will be jointly hosted by Canada, United States and Mexico.The ambitious plan could come to fruition as a part of a unique set of circumstances that surround the competition.As hosts of the tournament Canada, Mexico and the United States will automatically be granted spots.  The situation will leave the region’s normal three and a half spots available to CONCACF’s other teams.  In addition, however, because it won the bid to host the tournament, Concacaf will receive another half spot.  Half spots are confederation playoffs between teams, which sees the winners advancing to the tournament.According to Montagliani, a major part of the confederation’s focus will be on ensuring the region is able to take full advantage of the situation.“What has been confirmed is that we have six direct spots and then we have a half a spot, which means we go to a playoff.  Now, because we also won the bid and we won the right to host the World Cup, we gained another half a spot.  So, that means we have six plus two halves,” Montagliani explained to the SportsMax Zone in an interview on Monday.“I’ve been very clear that one of the reasons we are investing in the League of Nations, expanded Gold Cup and all the things that we are doing is because we really want to set that bar that we have eight CONCACAF nations at the 2026 World Cup if we can win those play-off spots.”(Sportsmax)last_img read more

IAAF World Rankings System Launched

first_imgThe IAAF on Tuesday launched its new official world rankings system, designed to provide a more effective way of identifying the top athletes in each discipline by rewarding consistency and competition among the world’s best.Athletes’ positions in the IAAF world rankings will be based upon the points they score, determined by their performance and place, and the importance of the competition in which those results are achieved to the IAAF global calendar.Following a 10-month period of consultation with stakeholders from across the athletics family, the final rankings system balances the wide-ranging feedback and competing needs of those within the sport. The world rankings will not be used for qualification for the IAAF World Athletics Championships Doha 2019, but yesterday’s launch will enable athletes, member federations and key stakeholders to see during the 2019 season how the world rankings system works in practice.The world rankings will also bring clarity to the competition structure from national through to global events, incentivising the top athletes to support the best competitions.“For the first time in the sport’s history, athletes, media and fans will have a clear understanding of the hierarchy of competitions from national through to area and up to global events, allowing them to follow a logical season-long path to the pinnacle of athletics’ top two competitions,” said IAAF President Sebastian Coe. “The IAAF world rankings will drive and shape the global competition system including entry into future major championships and enable everyone in and interested in our sport to know who is No.1 in the world.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Students and community members honor Dr. King’s legacy at ACC

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisAlpena, Mich —Students and community members gathered today at Alpena Community College to celebrate the life and legacy of Dr. Martin Luther King, Jr.The discussion, led by Instructor Matt Dunckel, covered Race as a Cultural Construct.The talk educated attendees about the origins of racism, and debunked myths that enforce its validity.Instructor Dunckel said during his lecture, “Scientific racism is a part of our inheritance as well, and there’s a pseudo–science that evolved around skin color.”Some participants in the discussion expressed the importance of honoring Dr. King’s legacy and making needed strides to a more inclusive society.ACC student Miya Ayala says “I think it’s important because he fought for civil rights for everyone, not just a certain race or debunking certain races. He was fighting for everyone.”Another student, Ashley Bridgewater, says, “It gets us together to really realize how many rights we have and how people still don’t have the rights in other countries, or even in our country today.”AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThis Tags: ACC, discussion, Dr. King, Martin Luther King, MLK DayContinue ReadingPrevious Digital license plate coming to Michigan soonNext Photo of the Day for Tuesday, January 22last_img read more