‘Inflection point’ approaching for long-term investors, says MSCI

first_imgAsset owners cannot afford to ignore such risks as they “own both outcomes”, Lee and Moscardi said – both long and short term.A favourable deal for a company on corporation tax may be profitable on a six or 12-month basis, but if it results in government-spending shortfalls, then the wider economy suffers later down the line, they argued.In 2017, the MSCI researchers predicted the emergence of two approaches to long-termism: new benchmarks that “explicitly incorporate views of the future”, and a shift towards high-conviction, low-turnover portfolios.“The year ahead has the potential to test institutions and portfolio companies that espouse a long-term orientation,” Lee and Moscardi wrote.“The temptation to time the market in response to (or in anticipation of) events – real or rumoured – could prove too powerful a distraction for many. But for investors committed to the long term, 2017 may be the year to differentiate themselves from the pack and orient towards future decades.”Elsewhere in their report, the pair urged investors to pay more attention to the physical risks of climate change than regulation or politics, citing insurance companies as an example to follow.“The planet does not care about politics,” Lee and Moscardi wrote.“This is a reality the insurance sector has known for years. Large swathes of homeowners in the US, for example, moved to government-subsidised insurance because private insurers would no longer bear the risks of an increase in the intensity of storms or the rise of sea levels on their own.“With the first six months of 2016 marking the warmest half-year on record, 2017 could mark the year that investors protect their portfolios against climate risk like insurers to price physical risk in premiums.”Focusing on water scarcity, the pair explained that similar portfolios could have differing exposures to underlying physical environmental risks.Comparing two exchange-traded funds tracking high-dividend indices, Lee and Moscardi found that, although the companies in each portfolio needed roughly the same amount of water for their operations, one was more exposed to regions with “high water stress”.In addition, holdings in agricultural firms “can alter the risk profile of a fund dramatically”.Lee and Moscardi found one fund with holdings that required “less than 6,000 cubic meters of water per dollar of sales to operate”, but “an additional 42,000 cubic meters of water inputs to generate those sales”.The researchers concluded: “In 2017, institutional investors may begin to build portfolios that aim to protect against physical risks that transcend political regimes. While water scarcity may be a starting point, investors broadly are more likely think like insurers in protecting their assets in the coming years.”The full report is available here here. This year could mark an “inflection point” for long-term investors, according to researchers from MSCI.Investors are likely to be tested by macro events this year, but these tests could prove beneficial to advocates of a long-term approach, wrote Linda-Eling Lee, global head of environmental, social and governance (ESG) research, and Matt Moscardi, head of financial sector research.“Since the global financial crisis, a growing chorus of investors and policymakers has railed against short-termism and advocated taking a long view,” the pair wrote in an outlook report.“With more upcoming elections showing potential signs of populist political shifts, the temptation will be to react and over-react to spasms in the Twittersphere. But what 2016 taught us is that it’s the slow-burning risks that can matter the most.”last_img read more

Warning on iPad screen time for kids

first_imgStuff co.nz 30 October 2011Parents increasingly rely on tablet computers, such as iPads, to educate and entertain children but experts warn an overload could stunt a baby’s brain development.The American Academy of Pediatrics (AAP) this month recommended children under two have minimal, or no, exposure to screens.Children’s Commissioner Dr Russell Wills said he backed these recommendations for New Zealand parents.“We’ve always suspected screen time for little children wasn’t beneficial, but this evidence clearly demonstrates that’s true. Children under two don’t understand what’s on screen and don’t benefit.”He said purchasing education videos and iPad applications for children aged under two was pointless.The long-term effects of tablet-use among older children are not known. Wills said if use is kept to a minimum and content age-appropriate, it probably would not harm older children.NetSafe executive director Martin Cocker advised against the increasing trend among parents to use tablets as a babysitter.http://www.stuff.co.nz/auckland/local-news/5876915/Warning-on-iPad-screen-time-for-kidslast_img read more

Lady Pirates Battle To Draw With Lady Owls

first_imgThe Lady Pirates hosted the Lady Owls from Seymour and earned a 3-3 tie for the match.Seymour dominated possession for the entire game but the Lady Pirates garnered three first half goals to take a 3-0 halftime lead. Joana Lopez scored her first goal when she collected a loose ball sent it into the net 18 minutes into the match. Maddi Hellmich added two goals with an assist from Emma Hellmich at the 9 minute mark and an assist from Keirsten Lynette at the 7 minute mark. Seymour scored their goals at the 24, 14 and 9 minute mark to earn the tie.For the game, the Lady Owls registered 20 shots on goal to Greensburg’s 7. McKella Lynette made 17 saves and taking shots for the Lady Pirates were Maddi Hellmich, Michaela Myers, Emma Hellmich and Joana Lopez. Many players stepped up and played well in the match. Defenders Abby Bailey, Rylie Smith, Keirsten Lynette, Emma Porter, Morgan Murray and Hannah Redmon did a nice job of putting pressure on Seymour front line. The tie brings the overall record to 3-3-2 on the season.The JV squad earned another shut-out tie as the teams played to a 0-0 score.Emily Lowe made 5 saves and taking shots were Megan Preditis, Katelynn Hall and Karley Sargent.Both squads will be in action Thursday when they host Franklin County in a non-EIAC match. Kick-off for varsity is 5PM with JV half to follow.Courtesy of Pirates Coach Mike Myers.last_img read more

Students hold vigil for mental health

first_img“Sometimes it’s OK to say ‘I’m not OK’ or ‘I’m not doing well,’” Stone said. “That doesn’t always mean you have to seek out services or whatever it might be, but it’s just accepting that we’re not always OK every day. Especially as student leaders, we don’t need to look perfect every single day and be setting that example all the time.” Though Hahn Plaza was bustling with students rushing to and from classes, meetings and dining halls, there was a moment of peace tucked at the base of Tommy Trojan Monday night. Nearly a dozen people held electric candles as part of the Academic Culture Assembly’s Candlelight Vigil and spoke freely about mental health, as part of a series of events for Mental Health Awareness Month. “Lighting the candles symbolizes that we’re honoring people who have struggled with mental illness, as well as struggled with any type of mental health issues,” said Raveena Ghanshani, the co-associate assistant director of special events for the Academic Culture Assembly. “I know that we have all faced stressful situations in our lives, but this is kind of a way for us to come together as a community and talk about these, as well as be comfortable with each other as a community to talk about these things.” Soni asked students to take a moment of silence to honor students who have suffered from mental illness, loneliness and isolation. He then emphasized that Diwali, the multi-day Indian festival of lights, is approaching and reminded students to value their own accomplishments and positive qualities. The vigil comes at a difficult time for the USC community, with an increasing demand for counseling after multiple students passed away earlier this semester. The vigil concluded with a chance for students to raise questions, concerns and thoughts on how to better improve campus wellness. “All week, people will be lighting candles all over the world,” he said. “When we light candles this week, we are reminded of our own inner light.” The Academic Culture Assembly hosted an intimate candlelight vigil to reflect on student mental health and well-being. (Ally Wei | Daily Trojan) “When you think about this place, you’re going to think about the people,” Soni said. “You’re not going to think about the classes, you’re not going to think about the [USC] Village, the building, the statues … What you actually think about, what you actually miss, what you actually embrace when you leave are the people. The people make the place.”center_img Kelly Greco, assistant director of outreach and prevention services at Engemann, also spoke on the importance of maintaining hope.  USG President Trenton Stone and Vice President Mahin Tahsin spoke about the pressures of student leadership and how genuinely checking in with peers on campus is an important step in fostering community. “For me, when I look at this candle … it is a symbol of hope, and that’s why we light candles,” Greco said. “What gives us hope, and how do we have that conversation, not just checking in with ourselves but to have that conversation with other people?” “Students come to USC having dreamed about this place their whole life. When they get to campus, it’s the end of a long journey of sacrifice and hard work,” Soni said. “But what I see is that when students get to campus, it’s not all fun and games. It’s not always the brochure that they saw. It’s not always the idyllic experience, because the reality is that being in college is tough and can be a traumatic experience.” The Academic Culture Assembly is an Undergraduate Student Government programming assembly that hosts a series of events every year honoring Mental Health Awareness Month. Ghanshani, a senior majoring in biological sciences, placed stress balls, packs of tissues and flyers advertising the Engemann Student Health Center’s mental health resources on a table for attendees to take.  Varun Soni, dean of religious life, opened the event by speaking about how college students feel pressure from a culture of perfection. last_img read more

Softball: Wisconsin outscores opponents 35-7 during weekend sweep

first_imgRain was the only thing that could stop the Badgers’ bats this weekend in Houston.The University of Wisconsin softball team won all three games during the Houston Hilton Plaza Classic, but weather conditions would not let them complete the series. Saturday’s game was called in the fifth inning due to rain, and Sunday’s game was canceled.Despite the poor weather, Wisconsin (15-2) got the better of all three teams they faced this weekend. Though they trailed University of Louisiana at Monroe (12-7) 2-1 in the top of the sixth, they were able to put together a string of hits in the bottom half of the inning to score 4 runs.Men’s basketball: Wisconsin’s strong second-half makes Senior Day sweet as UW defeats MinnesotaFor one of the winningest classes in University of Wisconsin men’s basketball program history, Sunday’s 66-49 win over Minnesota on Read…Wisconsin held onto the 3 run lead to win 5-2 in the end. Freshman Kaitlyn Menz pitched a full seven innings and surrendered only 2 runs on seven hits. She earned her eighth win of the year.The Badgers kept their winning ways going into the afternoon game against Sam Houston State University (8-11). The Badgers’ bats unleashed 14 runs on 16 hits in a 14-3 rout of the Bearkats.Sophomore first baseman Stephanie Lombardo had three hits and four RBIs, including a home run. Junior shortstop Brooke Wyderski also led the Badgers with four RBIs and 3 runs. The 14 runs tied for third-most runs in program history.Wisconsin’s bats did not slow down Saturday. The Badgers hit for 16 more runs against Princeton University (1-3). Sophomore catcher Melanie Cross had 7 runs batted in as they crushed the Tigers 16-2.Wisconsin’s 8 runs in the third inning tied a program record for most runs in an inning. Senior Kristen Stevens pitched all five innings for the Badgers, striking out two batters and earning her sixth win on the year.Men’s hockey: Badgers remain No. 2 in conference after Penn State splitThe University of Wisconsin men’s hockey team suffered their worst defeat of the season to Penn State, squandering an opportunity to Read…Cross hit a grand slam in the third inning and followed with a 2 run shot in the fifth. It was a career day for the catcher, who had been struggling at the plate so far this year.Cross was not the only Badger who had a big day offensively. Junior right fielder Samantha Arents also put together three great at-bats. She scored 2 runs and drove in 2 runs, while leading the Badgers with three hits.The Badgers improved to 15-2, which is their best start in program history. They will head to Fort Collins this weekend for the Colorado State Classic. Wisconsin looks to continue its hot streak when they take on the Maine Black Bears and Colorado State Rams.last_img read more

Rada approves SoP’s redrafted bill but heavy licensing fees remain on Ukraine’s gambling agenda

first_img Ukraine gambling bill enacted by President Zelensky August 11, 2020 Share Andrey Astapov, ETERNA LAW: Ukraine faces critical choices as gambling finish line nears August 21, 2020 Ilya Machavariani, Dentons – CIS regional dynamics will come to play prior to gambling take-off July 31, 2020 Related Articles Submit StumbleUpon Following two day-long sessions of assessment, Ukraine’s Verkhovna Rada completes its review of the eight draft bills propositioning the nation’s new gambling framework.A vote carried on Thursday 16 December saw 260 MPs back the amendments of Bill 2285-D following its second Rada reading.Bill 2285 was the original draft law favoured by the ruling ‘Servant of the People’ (SoP) party, which failed by 13 votes to secure a majority mandate on its first reading, forcing SoP to amend the document.The rejection of the original Bill-2285 would allow for Ukraine Parliamentarians to submit seven alternative propositions to be reviewed by Rada, who undertook its assessment proceeding this week.The new bill is reported to have been redrafted by party member Oleksandr Dubinsky. It received the highest appraisal by the Rada’s committee on finances and taxation.The provisions of the redrafted Bill 2285-D allow for licenses in seven core ‘gambling activities’ – land-based casino, online casino, land-based betting, online sports betting, slots arcade, lotteries and online poker. Meanwhile, tech and software incumbents will have to register for a ‘Gambling Services’ license.Seeking market investment, the Ukraine government will establish an ‘investor licence’ criteria to fund gambling investment projects, of which Bill 2285-D at present does not specify criteria.Further amendments will see the government scrap its ‘auction licensing process’ and the fixed number of licenses that will be made available. Despite amending licensing conditions, international investors will be watchful of the government’s complex and costly licensing fee structures.“Ukraine License fees are calculated on the basis of the level of minimal wage amount set by the Ukrainian budget law for each year,” read the initial assessment of Bill 2285-D by international law firm Dentons Russia/Ukraine unit.“Starting from 1 January 2020 equals to 4,723 Hryvnia (approx. EUR 180); licensee fees are calculated on the basis of a 5-year term. For instance, the price of the casino license for Kyiv (hotel with more than 200 rooms) is calculated in the following way: EUR 180 * 60,000 (number of minimum wage amounts for such license according to the draft law) = EUR 10,800,000.”Ukraine’s Rada maintains its commitment to establishing a new independent regulatory body, which will establish a registry monitoring gambling incumbents and their engagements. Sharelast_img read more

Thunder Bay Theatre Launches Campaign to Remodel Historic Building

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisThunder Bay Theatre is on a mission to rebuild and remodel the historic building. Launching a 5 year campaign the theatre has plans to raise funds starting now to have a dream theatre for the future city of Alpena. AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisContinue ReadingPrevious Immanuel Lutheran Students Celebrate 500th Anniversary of Martin LutherNext Alpena Fire Department’s Life Saving Devices Recalledlast_img read more

Corey Seager might be a forgotten man in Dodgers’ loaded lineup

first_imgRight-hander Jimmy Nelson has been sidelined by a groin muscle injury but was on a mound throwing Thursday. Right-hander Dustin May felt tightness in his left side a day after throwing his first bullpen session last week. But May began playing catch again Thursday and said he’s feeling better.OPENING DAYRoberts said the team has already decided on the Opening Day starter but won’t divulge it publicly.“To say who it is, there’s really no benefits – right?” Roberts said. “I mean, what’s the cost of waiting a little bit is pretty much where we’re at right now.”Three-time Cy Young Award winner Clayton Kershaw made a franchise-record eight consecutive Opening Day starts before missing the opener last season while recovering from a spring shoulder problem. Hyun-Jin Ryu, who signed with Toronto as a free agent this winter, started the 2019 opener. Dodgers’ Max Muncy trying to work his way out of slow start Dodgers hit seven home runs, sweep Colorado Rockies GLENDALE, Ariz. — The question catches Corey Seager off guard, like a ground ball taking an unexpected hop.Do you think people have forgotten how good you are?“I don’t know how to answer that question,” Seager says with a laugh. “Um, I don’t really know. I mean, I don’t think about that. I don’t know that I’ve ever thought about that. My place is just to go out, compete and perform. Do what you can.”Dodgers shortstop Corey Seager takes batting practice during spring training workouts on Thursday at Camelback Ranch in Glendale, Ariz. (Photo by Kevin Sullivan, Orange County Register/SCNG)What Seager can do is pretty impressive. In his first two full big-league seasons (including his unanimous NL Rookie of the Year season in 2016), Seager won back-to-back Silver Slugger awards as the top offensive shortstop in the National League. He hit a combined .302 with an .867 OPS, 48 home runs and 73 doubles. In 2017, he was a Gold Glove finalist. Newsroom GuidelinesNews TipsContact UsReport an Error Fire danger is on Dave Roberts’ mind as Dodgers head to San Francisco center_img Cody Bellinger homer gives Dodgers their first walkoff win of season But then he disappeared for most of a season, undergoing surgery on his hip and his throwing elbow. Other heroes emerged in Los Angeles while he was rehabbing and last year’s return to action came with tempered expectations.During his first two seasons, Seager was entrenched as the Dodgers’ No. 2 hitter, the modern era’s home to a team’s best hitter. Last season, he found himself dropped to the bottom half of the lineup, as low as seventh in some games.It’s enough to put a chip on a player’s shoulder.“I think every athlete has that in some way,” Seager said. “How are you competitive if you don’t have that?”If Seager were so inclined, he has other reasons to feel slighted this spring. Once considered a foundational piece of the franchise’s present and future, Seager’s name was bandied about in trade rumors this offseason. The Dodgers’ pursuit of Cleveland Indians shortstop Francisco Lindor seemed to make Seager expendable and there were reports of potential trade scenarios that would have sent Seager out of Los Angeles. How Dodgers pitcher Ross Stripling topped the baseball podcast empire Seager admits he was “not bothered, maybe surprised is a better word” by those rumors.“You understand the business side of it. You understand that,” Seager said. “I didn’t let it bother me. Everybody has their business point, the point where you realize it’s a business and that was probably mine, you know? You understand that is part of the job you do.“I try to stay out of it. I don’t really read too much of that stuff. … You never know which one is real and which one is fake so why read it?”It would have taken an awful lot to get Seager upset this winter. He was just happy to be out of the rehab world he inhabited following his surgeries. After going all-in on a dairy-free diet last year, his weight dipped into the 210s for the first time since high school. Now able to do a strengthening workout, not just a rehab plan (and wiser about his dietary options), the 6-foot-4 Seager is a lean 220 pounds again.“It was nice,” Seager said. “It was weird not waiting for something to heal to get started (working out). You just go, no restrictions. I didn’t have to do any of that (physical therapy). It was like your brain had a load taken off.“It’s been more the mental part of it. To just not worry about it, having the confidence to know you can just go.”PITCHING PLANSRoberts said right-hander Tony Gonsolin will start Saturday’s Cactus League opener in Scottsdale against the San Francisco Giants. Left-hander Alex Wood will start Sunday’s initial home game against the Chicago Cubs.Related Articleslast_img read more

Sunday editorial: America’s anger and gun violence

first_imgCommentary by Tracy McCue, Sumner Newscow — I asked an important question last week on Facebook, that no one seemed to really know how to answer:Why is America so angry?This week, America spent a good deal of time pointing fingers at one another in the wake of the tragedy that killed 49 innocent victims in a nightclub in Orlando.While I can justify the anger of such a senseless slaughter, I am saddened by how little remorse there is for the victims, or the tragedy itself. For that matter, we don’t seem to have the ability to come up with any lasting solutions.We continue to point fingers. That’s America in 2016.But while there is no solution for America’s current surge of anger, people have resorted to a more palpable topic to explore – the issue of guns.I try to steer clear of debating guns. It is an emotional topic for many people. I’m not a gun person, but I also couldn’t care less if you have guns, or an arsenal of ammunition. As long as you aren’t pointing those guns at me, that is your right as an American.I also tend to side with gun advocates on issues like concealed carry – provided those carrying the weapons are well trained on the subject. I’d like to think if some S.O.B is shooting up a place, there is a good guy on my side with a gun ready to take this maniac down.But, here is where I differ from some of my gun-loving friends:I don’t quite understand the mentality that every American is entitled to every single gun ever manufactured.The second amendment guarantees us the right to bear arms.But there is nothing in that document that states you have the right to own any type of machine gun (a play on words by the way people).Perhaps, there is a middle ground here. I suggest we as a nation take inventory on the guns that are manufactured and figure out which ones we need to protect ourselves and to legally hunt animals – and separate those from weapons that can kill people in mass quantities in schools, nightclubs, restaurants, and other places of public gathering.Of course, I’m not so naive to think that even if we were to ban any type of gun, that won’t prevent these mass killings. Drunk driving laws haven’t prevented drunk driving fatalities. But it has most certainly helped.Perhaps, the solution to these mass shootings is on the side of law enforcement and security. Obviously, we need to figure out a way to better protect ourselves – where it becomes nearly impossible for Joe Wacko to get his machine gun and cause massive amounts of human destruction. Surely, there is a way to make massacre shooting obsolete.President assassination attempts, for example, is a problem we have most certainly done a better job over the past two decades. The last time we had a Presidential assassination attempt was over 25 years ago, when John Hinkley Jr. opened fire on President Ronald Reagan in 1980.  In the 1960s and 1970s, the rage was to murder high-profile leaders in America: JFK, his brother, Martin Luther King. In the 1970s, President Gerald Ford was shot at twice within a month before Reagan survived a bullet wound in his first month of Presidency in Washington D.C.What did we do? We made our leaders less assessable to the public while implementing more security procedures.Will another President be shot and killed in the future? Heck, I don’t know. But our ability to fight the Presidential assassin has never been more effective.The old cliche “prevention is the best medicine” is essential in the fight on terrorism and random mass killings.I still believe more vigilant background checks and continual diligence of the distribution and tracking of guns is essential.And, of course, I also keep waiting for people in the know with the newest technology to figure this out.It is going to have to take leadership, compromise, and common sense – something America seems to be lacking at the moment.Ultimately, if we truly want to end gun violence, we need to take away the rage, the anger, the venom.That isn’t going to happen.America prefers being angry.Follow us on Facebook.Follow us on Twitter.last_img read more