​Lothian wins approval for standalone investment company

first_imgLothian Pension Fund is to push ahead with the launch of a standalone company to accommodate its in-house investment staff, following approval from its administering authority.The £4.3bn (€5.2bn) scheme had its plans approved by the City of Edinburgh Council a month after the fund itself backed the launch of one or more special purpose vehicles (SPVs).Lothian’s in-house team currently manage over 60% of the fund’s assets, and earlier this year said it would seek approval from the Financial Conduct Authority (FCA), a step that would allow its team to complete investments without seeking advice from consultants.A spokeswoman for Lothian confirmed to IPE that Thursday’s council meeting had signed off on the launch of the SPVs, but noted that the plans to move the fund’s investment staff to the new vehicle were still subject to a consultation and agreement with the relevant unions. A report prepared for the meeting by Alastair Maclean, director of corporate governance at Lothian, said that 11 staff would initially transfer to the SPV.The SPV would draft a “formal and transparent” remuneration policy for staff, addressing concerns that the fund could lose skilled employees to other Edinburgh-based financial institutions.The Scottish city hosts the headquarters of a number of large asset managers and banks, including Standard Life Investments.A previous report by the director of corporate governance stressed that salaries paid out under the fund’s preferred model would not necessarily be higher, but rather they would allow the SPV’s board to consider industry salary benchmarks when agreeing compensation.Lothian’s external managers include Baillie Gifford and Invesco, responsible for its Pacific equity portfolio; UBS Asset Management and Mondrian Investment Partners as emerging market managers; Cantillon, Lazard Asset Management, Harris and Nordea as global equity managers; and AG Bisset as currency hedge provider.Additionally, Standard Life manages part of its property, while Rogge manages its corporate bond portfolio.last_img read more

Funds invested in illiquid assets are ‘built on a lie’: Mark Carney [updated]

first_imgFunds with daily liquidity that invest in illiquid assets are “built on a lie”, according to the governor of the Bank of England (BoE).Appearing before a committee of MPs today, Mark Carney said he and other senior officials at the central bank had been raising concerns about illiquid assets for some time, relating to a “potential developing systemic issue”.“These funds are built on a lie, which is that you can have daily liquidity for assets that fundamentally aren’t liquid,” Carney said. “That leads to an expectation that it’s not that different to having money in a bank… so you get a series of problems: you’ve got a structural problem, but then you have a consumer issue.”He added: “This is a big deal. You can see something coming that could be systemic.” “This is a big deal. You can see something coming that could be systemic.”Mark Carney, Bank of EnglandThe assumption of daily liquidity, Carney told the Treasury Select Committee this morning, relied upon ongoing market liquidity, which in turn depended on monetary policy being “infinitely accommodative”. “That’s just not going to be the case,” he said.Pressed on the issue by Nick Morgan, chair of the committee, Sir Jon Cunliffe, the BoE’s deputy governor for financial stability, added that the mismatch between redemption periods and underlying liquidity of assets was “a global issue”.He cited the example of retail money flowing into asset classes such as high yield bonds and emerging market debt.“These are relatively illiquid markets compared to equities,” he said. “If there was an investor loss of confidence in an asset class and you started to see redemptions, the question is could those redemptions actually be made without large crashes in prices or alternatively suspensions and gates.”Sir Jon warned that international regulators such as IOSCO and the Financial Stability Board did not have the same level of understanding of fund liquidity as they did with the banking system.“We need some consistent application of matching underlying liquidity better to redemption periods,” he said.UK-domiciled real estate funds were hit in 2016 in the immediate aftermath of the country’s referendum on its EU membership. This morning the UK’s asset management trade body unveiled plans to create a new fund structure specifically designed to invest in illiquid assets. The Investment Association said the structure would be designed for investors such as defined contribution schemes to invest in less liquid asset classes in an open-ended fund format.Following Carney’s comments, Chris Cummings, chief executive of the Investment Association, said: “The UK fund industry offers more than 8,000 funds in a highly regulated environment to cater to a wide variety of needs for consumers, and offering options with daily liquidity is a crucial part of that mix.“There are also cases where investment on a longer-term basis, with less frequent redemption intervals, will be more appropriate, which is why we have today outlined our plans for a long-term asset fund. This new type of fund structure will enable investment in a wider range of assets, giving greater choice and unlocking new long-term investment opportunities for savers and providing companies and infrastructure projects with much-needed funding. “Investment managers and fund operators take their duties to consumers very seriously and we look forward to engaging with the governor on this issue.”This article was updated on 26 June to add a quote from the Investment Association Carney said he was not commenting on a specific issue, but his comments followed the high-profile suspension of a UK equity fund earlier this month.The LF Woodford Equity Income fund was closed to redemptions on 3 June following significant outflows. The portfolio’s high weighting to smaller companies and unlisted stocks hampered efforts to meet investor withdrawal demands, leading to the suspension. Kent County Council’s £6.2bn (€6.9bn) pension scheme is among the investors still unable to exit the fund.last_img read more

Psychosis five times more likely for cannabis users: UK study

first_imgSydney Morning Herald 17 February 2015A British study released on Monday suggested that the risk of psychosis was five times higher for regular users of cannabis, adding to a growing body of evidence linking drug use and mental health disorders.The six-year study published in the medical journal The Lancet reported on 780 people living in south London, 410 of whom were being treated for conditions including schizophrenia and bipolar disorder.The report’s lead author was Marta Di Forti from the Institute of Psychiatry, Psychology and Neuroscience at King’s College London, who warned about the growing use of “skunk” – a powerful type of cannabis.“Compared with those who had never tried cannabis, users of high potency skunk-like cannabis had a threefold increase in risk of psychosis,” she said.“The risk to those who use every day was even higher – a fivefold increase compared to people who never use,” she added in a statement.Psychosis is a mental health problem and the symptoms include hallucinations and delusions.http://www.smh.com.au/world/psychosis-five-times-more-likely-for-cannabis-users-uk-study-20150216-13gjlw.htmllast_img read more

Mo Salah acquires £160k Bentley Continental to his car collection

first_img The Liverpool forward loves a motor with a loud and powerful engine. Grinning Mo Salah boasts a car collection includes a Bentley, Lamborghini and German giants Mercedes-Benz. The latest addition to Salah’s car collection is the stunning Continental GT that’s a firm footballers’ favourite. In fact, it was the second most leased car by Premier League stars in 2019 – unsurprisingly behind the Range Rover Sport SVR. Worth around £160,000, it boasts luxury interiors, including comfortable leather seats. Performance-wise, it has a top speed of 210 mph, and is UK-built with an efficient V12 engine. And fans know it’s Salah’s wheels – one boy recently chased the Bentley down to get a glimpse of his hero. After colliding with a lamppost, and breaking his nose, the lad could’ve been disheartened. But his day was brightened up when Salah stopped the Bentley to check if the boy was alright, and then posed for a snap. Capable of hitting a top speed of 218 mph, the Italian supercar is certainly the fastest motor in his collection. The Aventador can reach 0-60 mph in an astonishing 2.9 seconds. It figures that a fast player like Salah also feels the need for speed off the pitch too. Promoted Content5 Of The World’s Most Unique Theme Parks7 Mind-Boggling Facts About Black HolesPlaying Games For Hours Can Do This To Your Body9 Most Disturbing Movie Dystopias7 Black Hole Facts That Will Change Your View Of The Universe6 TV Shows That Got Better After A Major Character Had LeftWho Is The Most Powerful Woman On Earth?10 Hyper-Realistic 3D Street Art By OdeithThe Best Cars Of All Time8 Things To Expect If An Asteroid Hits Our PlanetWhich Country Is The Most Romantic In The World?8 Superfoods For Growing Hair Back And Stimulating Its Growth Mo Salah has a reputation of being down-to-earth and quiet, but he loves luxury of expensive cars to enjoy his hard-earned mega bucks. Loading… When they drive to training, footballers love to have a motor that’s roomy inside. That’s why they plump for SUVs like Range Rover and the Bentley Bentayga. But Salah liked the look of the Mercedes AMG GLE Coupe that boasts a 3.0-litre twin-turbo V6 engine that churns out 367 horsepower and 520 Nm of torque. It’s the perfect motor to cruise to Melwood training ground, and get there on time in. At a whopping £176,000, it was one of the most expensive cars Mercedes ever sold. But that didn’t bother Salah, who is on a reported base salary of £200,000-per-week. With a 6.3-litre V8 engine pushing out 571 horsepower and 650 Nm of torque, it’s a beast of a convertible. And it can reach a top speed of 197 mph, including 0-60 mph in 3.8 seconds. An Audi is always a sensible choice of brand when buying a motor. Reliability and performance are two things the German car giants boast, and the Q7 is as steady as it gets. Read Also:Mo Salah joins anti animal export campaign in Egypt Several high-profile Barcelona stars used a Q7 to get to and from training until the Catalans’ sponsorship deal expired. Salah got one when he returned to the Premier League with Liverpool after starring at Roma. FacebookTwitterWhatsAppEmail分享 last_img read more

Update on the latest sports

first_img Associated Press — Former major league outfielder Angel Echevarria (AHN’-hehl eh-cheh-vah-REE’-ah) has died at 48. The Connecticut Post reported Saturday that Echevarria died on Friday at Bridgeport Hospital. The story said his girlfriend, Jazmine Cox, told them he took at fall in his Bridgeport home earlier in the day.PGA-PEBBLE BEACHSurging Lefty sizzles at Pebble BeachPEBBLE BEACH, Calif. (AP) — Phil Mickelson is in great shape as he tries to nail down a record sixth Pebble Beach Pro-Am.Mickelson finds himself just one shot behind leader Nick Taylor through three rounds. Lefty holed out from a bunker for birdie on the 13th and chipped in from 90 feet for birdie on the next hole before closing his round with a birdie. Share This StoryFacebookTwitteremailPrintLinkedinRedditT25 MEN’S BASKETBALL-SCHEDULESelf gets 700th winUNDATED (AP) — Third-ranked Kansas and Jayhawks head coach Bill Self earned milestone victories this afternoon. February 8, 2020 — The Raptors stretched their team-record winning streak to 14 games as Fred VanVleet scored 10 of his 29 points in the fourth quarter of a 119-118 triumph over the Nets. Pascal Siakam (see-A’-kam) scored 20 points, including the tiebreaking free throw with 22 seconds remaining.— Jrue (jroo) Holiday scored 14 of his 31 points in the final 2:26, including a go-ahead 3-pointer in the Pelicans’ 124-117 victory at Indiana. Reserve JJ Redick added 23 points as New Orleans handed the Pacers their fifth consecutive loss.— The Mavericks knocked off the Hornets, 116-100 as Seth Curry scored 26 points in his return to Charlotte. Curry made his first 10 shots from the field, including six 3-pointers to help the Mavericks snap a two-game losing streak.— Julius Randle scored 17 points, including a bank shot with 13.5 seconds left that helped the Knicks secure their season-high fourth straight victory, 95-92 over the Pistons. Wayne Ellington scored 17 points for New York, which grabbed 16 offensive rebounds compared to three for Detroit.NHL-SCHEDULE Bucks batter MagicUNDATED (AP) — The Milwaukee Bucks remain on pace to become the third team in NBA history to top 70 victories in a regular season.Reigning MVP Giannis Antetokounmpo (YAH’-nihs an-teh-tah-KOON’-poh) just missed a triple-double and Brook Lopez scored a team-high 23 points as the Bucks hammered the Magic, 112-95. Antetokounmpo finished with 19 points, 18 rebounds and nine assists to help the Bucks win for the 13th time in their last 14 games. Lopez shot 5-for-5 from 3-point range, and Khris Middleton chipped in 21 points with 13 rebounds as Milwaukee improved to 45-7.Eric Bledsoe finished with 18 points for the Bucks, who led by as many as 27 in the third quarter.Checking out Saturday’s other NBA action: — Joe Wieskamp scored a career-high 30 points and Luka Garza added 22 to help No. 17 Iowa slam Nebraska, 96-72. The Hawkeyes led by 11 at the break before opening the second half with a 25-8 run to put the game away.— Creighton was a 94-82 winner against St. John’s as Marcus Zegarowski had 23 points and Denzel Mahoney had 18 points for the 21st-rated Bluejays.— Lamar Stevens scored a career-high 33 points and No. 22 Penn State picked up its sixth consecutive victory by downing Minnesota, 83-77.— McKinley Wright IV finished with 21 points and D’Shawn Schwartz added 20 as Colorado rallied from 11 points down at halftime to beat Stanford, 81-74.COLLEGE BASKETBALL-NCAA INITIAL SEEDS Baylor gets top seed in NCAA committee’s initial rankingsUNDTED (AP) — Baylor, Kansas, Gonzaga and San Diego State are the top seeds in the NCAA’s preliminary rankings.The Bears were the No. 1 overall seed in rankings released Saturday by the NCAA Division I Men’s Basketball Committee.The preliminary rankings are designed to be a sneak peek at the selection process before the official seeds are revealed on March 15.COLLEGE BASKETBALL-INDIANA-KNIGHT RETURNS Brian Elliott made 25 saves and helped Philadelphia keep Alex Ovechkin (oh-VEHCH’-kihn) two shy of 700 career goals.Elsewhere on NHL ice:— Nikita Kucherov (KOO’-cheh-rahv) set up Steven Stamkos’ 26th goal and Brayden Point’s 20th as the Lightning notched their sixth straight win, 3-1 over the Islanders. Carter Verhaeghe (vur-HAY’-gee) provided the eventual game-winner in the third period, and Andrei Vasilevskiy (va-sih-LEHV’-skee) stopped 17 shots to help Tampa Bay improve to 18-2-1 since a Dec. 21 loss to the Capitals.— Sidney Crosby scored his 10th goal in the second period and the Penguins won for the ninth time in 12 games by downing the Panthers, 3-2. Kris Letang (leh-TANG’) had a goal and an assist as Pittsburgh pulled within three points of Washington for the Metropolitan Division lead.— The Avalanche earned a 2-1 victory at Columbus as Philipp Grubauer handled 31 shots and Nathan MacKinnon scored the tiebreaking goal with 4:34 left. Colorado earned its third win in a row and ended the Blue Jackets’ 11-game point streak. — Fourth-ranked San Diego State remains the lone unbeaten team in Division I after K.J. Feagin dropped in 21 points and Jordan Schakel added 18 in an 89-74 win at Air Force. Malichi Flynn furnished 17 points, eight rebounds and seven assists to help the Aztecs move to 24-0.— Jordan Nwora (WOHR’-uh) had 22 points and No. 5 Louisville stretched its winning streak to 10 games by topping Virginia, 80-73. Malik Williams had 13 points as the Cardinals improved to 21-3 overall and 12-1 in the ACC.— Sixth-ranked Dayton picked up its 12th straight win as Obi Toppin (OH’-bee TAH’-pihn) contributed 17 points to a 71-65 win against Saint Louis. Jalen Crutcher scored 14 of his 17 points in the second half as Dayton broke open a tight game to stay unbeaten in Atlantic 10 Conference play at 10-0.— Wendell Moore scored on a putback as time expired to complete seventh-ranked Duke’s 98-96 triumph at North Carolina.— M.J. Walker and Patrick Williams each scored 14 points as No. 8 Florida State beat Miami, 99-81. The Seminoles improved to 20-3, outrebounding the Hurricanes, 46-24 and shooting 13-for-26 from 3-point range.center_img The Jayhawks’ 60-46 victory against TCU gives them 31 consecutive 20-win seasons, matching North Carolina’s record. It also made Self the second-youngest head coach with 700 career victories.Udoka Azubuike (oo-DOH’-kah az-ah-BOO’-kay) had 20 points and 15 rebounds in his 10th double-double of the season. Azubuike had five dunks in a 13-3 run early that put Kansas ahead to stay.Devon Dotson added 18 points and 11 assists to help Self improve to 700-214 in 27 seasons spent with the Jayhawks, Oral Roberts, Tulsa and Illinois.In other top-25 games Saturday:— MaCio Teague scored 24 points and top-ranked Baylor stretched its winning streak to 20 games with a 78-70 victory over Oklahoma State. Teague hit six consecutive free throws in the final 14 seconds, including four after frustrated Oklahoma State coach Mike Boynton Jr. was assessed two consecutive technical fouls and ejected from the game. Update on the latest sports Bruins extend win streakUNDATED (AP) — The Boston Bruins have expanded their lead in the NHL’s overall standings, moving three points ahead of the Washington Capitals.Charlie Coyle scored twice and Patrice Bergeron (pah-TREES’ BEHR’-zhuh-rahn) had a goal and two assists as the Bruins picked up their sixth consecutive win, 4-2 over the Coyotes. The game was tied 1-1 until Bergeron and Jake DeBrusk netted power-play goals 2:29 apart in the second period.Tuukka (TOO’-kah) Rask stopped 29 shots as the Bruins became the league’s first team with 80 points.In Washington, Sean Couturier (koo-TOOR’-ee-ay) scored twice and Claude Giroux (juh-ROO’) recorded three points in the Flyers’ 7-2 rout of the Capitals. Giroux scored a late power-play goal and collected two assists to reach 800 points for his career. Benintendi gets extensionBOSTON (AP) — The Boston Red Sox avoided arbitration with Andrew Benintendi by signing the outfielder to a two, year, $10 million contract.The 25-year-old Benintendi has hit .277 with 51 homers and 259 RBIs in his first three-plus major league seasons. He batted .266 with 13 homers, 68 RBIs and 10 stolen bases last year.Also, in the majors:— Giants catcher Aramis Garcia had surgery on his right hip after getting injured during winter ball in the Dominican Republic in December. He will miss up to eight months. — Myles Powell had 19 points and 12th-ranked Seton Hall snapped a 17-game road losing streak to Villanova with a 70-64 victory over the No. 10 Wildcats. Sandro Mamukelashvili scored 12 of his 17 points in the second half for the Big East-leading Pirates, who last won at Villanova on Feb. 26, 1994.— No. 11 Auburn pulled out a 91-80 win over 18th-ranked LSU on J’Von McCormick’s floater with 0.1 second left in overtime. Samir Doughty hit five 3-pointers and scored a team-high 26 points for the Tigers, who rallied from a 14-point second half deficit and moved into a tie with LSU for the SEC lead.— Kristian Doolittle scored 27 points and Oklahoma broke West Virginia’s early defensive pressure in a 69-59 win over the 13th-ranked Mountaineers. The Sooners built an 18-point lead and withstood 19 turnovers to drop WVU to 18-5.— Immanuel Quickley scored 18 points as No. 15 Kentucky beat Tennessee, 77-64 for its sixth win in seven games. Tyrese Maxey and Nick Richards each had 15 points to help the Wildcats beat the Volunteers in Knoxville for the first time in Rick Barnes’ five-season tenure as Tennessee’s coach.— Isaiah Livers scored 14 points in his return to the lineup and Zavier Simpson added 16 to lift Michigan to a 77-68 victory over No. 16 Michigan State. Livers was back in the starting lineup after missing nine of the Wolverines’ previous 10 games with a groin injury. — Leon Draisaitl (DRY’-sy-tul) scored twice in the third period to push the Oilers past the Predators, 3-2. Nashville led 2-0 until Alex Chiasson (CHAY’-sahn) notched a power-play goal with under nine seconds left in the second period.— Ilya Kovalchuk (KOH’-vahl-chuhk) scored 1:43 into overtime to complete the Canadiens’ late comeback in their seventh victory in nine games, 2-1 against the Maple Leafs. Toronto led until Marco Scandella beat Jack Campbell with 2:33 left in regulation.— Patrik Laine (LY’-nay) registered his eighth career hat trick by providing three power-play goals in the Jets’ 5-2 win over the visiting Senators. Kyle Connor had a goal and three assists for the Jets, who are 3-0-1 since a five-game losing streak.— Mackenzie Blackwood posted his second straight shutout by stopping a penalty shot and making 37 saves in the Devils’ 3-0 decision over the Kings. Nikita Gusev (GOO’-sehv), Blake Coleman and Kyle Palmieri scored for the Devils, who extended their points streak to a season-high six games at 3-0-3.MLB-RED SOX-BENINTENDI Knight back at Indiana after 20 yearsBLOOMINGTON, Ind. (AP) — Bob Knight has ended his 20-year split with Indiana.The 79-year-old combustible coach was introduced during a halftime ceremony along with former players including members of the Hoosiers’ 1980 Big Ten championship team.Knight won 662 games and three national championships in 29 seasons with the Hoosiers before he was fired on Sept. 10, 2000 after a student accused Knight of grabbing him in the hallway of Assembly Hall.NBA-SCHEDULE Taylor overcame two early bogeys with a 25-foot eagle putt on his 16th hole for a 69, and his first 54-hole lead on the PGA Tour. Taylor was at 17-under 198.Jason Day posted a 70 at Spyglass Hill and was only three shots behind at 14-under.,Update on the latest sportslast_img read more

Tennis big three join #BlackOutTuesday

first_img(REUTERS) – ROGER Federer, Rafael Nadal and Novak Djokovic were among the tennis players who joined the #BlackOutTuesday campaign against racial injustice, as protests continue over the death of George Floyd, an unarmed black man who died in police custody.Floyd died after a white policeman pinned his neck under a knee for nearly nine minutes in Minneapolis on May 25.Men’s world No. 1 Djokovic posted black screenshots on his Twitter and Instagram pages with the message ‘Black Lives Matter’, and was joined by Federer and Nadal, the other members of the ‘Big Three’ of men’s tennis.Grand Slam winners Maria Sharapova, Petra Kvitova and Stan Wawrinka were among other players who signalled their support for the campaign.African-American teenage phenomenon Coco Gauff and Japan’s Naomi Osaka have also expressed their anger over Floyd’s death.Replying to Federer’s Instagram post, the 16-year-old Gauff commented: “Click the link in my bio to get resources on HOW YOU CAN HELP! THANK YOU.”Osaka, whose father is Haitian and mother is Japanese, said people should be doing more than posting “the black square”.“I’m torn between roasting people for only posting the black square this entire week … and accepting that they could’ve posted nothing at all so I should deal with this bare minimum bread crumb they have given,” she posted on Twitter.The United States Tennis Association (USTA) posted a black screen shot as well as a statement against racism on its social media handles.The USTA, organisers of the U.S. Open Grand Slam, said it was “extremely disappointed, angry, and heartbroken” at the hardships faced by communities of colour in the United States.“The African-American community is an integral part of our tennis family and the USTA stands unwaveringly against racism and injustice of any kind,” it added.last_img read more

Three Points Possible for Heartland against Enyimba, Says Efugh

first_imgHeartland captain and centre back, Chinedu Efugh has said his side will end their search for three points on the road at champions and neighbours, Enyimba.The Naze Millionaires are guests of the People’s Elephant in today’s rescheduled Nigeria Professional Football League (NPFL) Match-day 6 Oriental Derby at the Umuahia Township Stadium.Efugh said the derby clash is predictably going to be tough but his side is prepared for the banters the Aba outfit will throw at them in the clash. “Of course, it’s going to be tight and tough given the existing rivalry between both familiar sides.“We are prepared just waiting patiently for Match-day to unleash our whole weight on Enyimba.“We are quite hopeful that the clash will be different in term of result compared with past away results so far in the ongoing league.“Of course, we appreciate the fact that we are yet to claim three points on the road so far in the season but something tells me the search will end at Enyimba.“Everybody knows what is at stake more so as the encounter is coming on the heel of our home win against Sunshine Stars.“The Umuahia turf is a neutral ground for both sides and another incentive for us to go all out to challenge for the maximum points.“The match offers each side 50/50 opportunity to excel and I believe we will have a good song at the end of the duel,” said for former Enugu Rangers strongman to supersport.com.Heartland is 11th on the 20-team Nigerian top flight on 17 points from possible 39 in the 13-week old league.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Cheng, Ogbevoen name new USG executive officers

first_imgUndergraduate President-elect Chris Cheng and Vice President-elect Nehi Ogbevoen announced their 2010-2011 executive officers at Tuesday’s Senate meeting, marking their first official decision since winning the election.Taking office · President-elect Chris Cheng announced the newly appointed members of his executive office at the Undergraduate Student Government meeting. Tuesday. – Courtney Sandlin | Daily Trojan The executive officers for 2010-2011: Maya Babla, a junior and a 2009 vice presidential candidate, will be the chief of staff; Brian Anderson, a junior and the current director of alumni affairs, will be the treasurer; Elizabeth Trower, a junior and the current director of the leadership fund, will be the senior director of communications; Richard Pizano, a junior and a member of Program Board’s concert committee, will be the executive director of Program Board; Chris McAbrey, a junior and Program Board’s current production manager, will be Program Board’s finance director.The executive officers will work directly with the president and vice president on a variety of issues throughout the year. They are heavily involved in executive decisions and in the functions of USG as a whole.Cheng said choosing the executive officers was a lengthy process. Cheng and Ogbevoen received about 25 applications for the five positions.“We spent over 25 hours reviewing and deliberating,” junior Chris Cheng, the president-elect, said. “We checked their listed sources on their résumés as well as their unlisted sources.”Cheng said he and Ogbevoen considered a number of factors in selecting their officers.“We looked for team leaders and hard workers, people who are going to do their job well and contribute to the team,” Cheng said. “It’s an incredible combination of different personalities and yet everyone has something in common.”Ogbevoen stressed that they chose people who could bring different skills and experiences to the table.“We didn’t want everyone to be the same,” Ogbevoen said. “We wanted everyone to have a special input through our organization and through the decisions that the seven of us will be making.”McAbrey said he applied for the position because he wanted to be more involved with USG after spending two years with Program Board. He said he has had a lot of prior experience, and the position of Program Board finance director is well suited to his interests and skills.“It’s a big undertaking. I’ll be managing a very large budget, and, as a member of the executive committee of USG, there are a lot of responsibilities,” McAbrey said. “I’m a little nervous, but I’m mostly excited for next year.”last_img read more

Wellington High School 2013 Duchess candidates announced

first_imgSumner Newscow report — The 2013 Wellington High School Duchess candidates were announced recently for the homecoming slated on Oct. 4 at Seller Park when Wellington hosts Circle.The five Duchess candidates are: Jaedyn LedesmaAvery LewellenCarlie McCombHalynn PageKelsey Whaley.The Duchess will be crowned during halftime of the homecoming football game. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more

Memorial Sloan Kettering Opens Its Doors in Middletown

first_imgMemorial Sloan Kettering representatives and elected officials have said since the project was first announced more than two years ago that this would be of great benefit to patients and their families living in Ocean, Monmouth and Middlesex counties, as well as Staten Island, New York, who would be spared the additional burden of having to travel to New York City or MSK’s Basking Ridge facility for cancer treatment.With this outpatient, day-stay facility, “Now all the daily needs for a cancer patient will be here in this building,” said Craig B. Thompson, a physician who serves as MSK’s president and chief executive officer, at Monday’s ceremony. Richard R. Barakat, deputy physician-in-chief for MSK’s regional care network, said about 20 percent of patients receiving treatment at one of its facilities live in the Ocean-Monmouth-Middlesex county area. The approximately 290,000 square-foot facility had been an office complex for the telecommunications industry’s Lucent Technologies but had been vacant for about a dozen years. Memorial Sloan Kettering renovated the site, creating two structures, incorporating patient and family care services as well as becoming MSK’s data center.Thompson said the operation’s previous data center in the Meadowlands area was compromised by 8 inches of water from Super Storm Sandy in 2012.A large crowd turned out to cut the ceremonial ribbon at the MSK open house Monday. From left were: Assemblyman Declan J. O’Scanlon Jr.; Dr. Elizabeth Jewell; Monmouth County Freeholder Thomas A. Arnone; Dr. Richard R. Barakat; Dr. Craig B. Thompson; Lieutenant Governor and Secretary of State of New Jersey Kim Guadagno; Dr. José Baselga; Middletown Mayor Dr. Gerard P. Scharfenberger; Dr. Jason Konner. Photo courtesy of Memorial Sloan KetteringThe patient facility on the Middletown/Holmdel border is tentatively scheduled to begin patient treatment on Dec. 12, pending final approval from the state Department of Health.The location will offer variety of services, such chemo and radiation therapy; space for visits with oncologists and surgeons; diagnostic imaging, such as MRIs and CAT scans; and support services, social workers and nutritional counseling.The site will also have operating rooms “for relatively straightforward procedures” that can be performed on a day-stay basis,  Thompson said. For the occasion that needs an overnight hospital stay, MSK is in discussion with Hackensack Meridian Health to partner with its Riverview Medical Center, in neighboring Red Bank, he said.Hackensack Meridian has partnered with Memorial Sloan Kettering to provide hospice and palliative care programs, along with some inpatient services as needed, according to April Guillerme, public relations manager for Riverview Medical Center and Bayshore Community Hospital, Holmdel, also part of the Hackensack Meridian network. “A collaboration by our organizations means that patients can truly remain close to home throughout their treatment plan and offers a continuum of care that is sometimes needed when facing a cancer diagnosis,” Guillerme said in an email response.The location will be able to offer clinical trials on experimental procedures that can offer hope for additional treatments for patients battling difficult and aggressive conditions, MSK representatives pointed out.The purpose of this facility, like all Sloan Kettering sites, is to go beyond just the most advanced cancer treatments and “treat the patient as a whole,” explained Elizabeth Jewell, M.D., regional surgical director for this location and the Basking Ridge site.Middletown Mayor Gerard P. Scharfenberger quipped this project reflected what elected officials hope for but rarely experience: “A project that 100 percent of residents are in favor of.”The new Memorial Sloan Kettering outpatient cancer treatment center in Middletown has anumber of operating rooms that will allow for day-stay surgical procedures. Photo courtesy of Christina JohnsonOn a more personal note, Scharfenberger added, “I’d like to thank Sloan Kettering for saving my mother-in-law’s life,” with its treatment; on top of now “shortening my commute” from 1 1⁄2 hours to Basking Ridge to a few minutes for his mother-in-law’s follow-up visits, the mayor added.The Middletown Township Committee showed its support in 2014 by changing its zoning ordinance to allow a medical facility in this zone, initially intended for commercial, retail and residential.“Rarely do elected officials get to see a project get started and get completed on their watch,” observed Lt. Gov. Kim Guadagno, being thankful that this facility will be up and running shortly.The facility, Guadagno said, represents an economic benefit for the region, creating local jobs, shortening the commute for employees who are Monmouth County residents and having some staff relocate to the area. But probably most profoundly, she said, for patients, “The good story is the help you need is here.”The Middletown facility will have roughly 200 employees and the data center will have another 100 workers, according to Guadagno.The state offered its support for the project early in the process. The state Economic Development Authority (EDA), what Guadagno on Monday called “the state’s bank,” had provided a multi-million-dollar tax credit over a 10-year period and direct financial aid through bonds for the facility, an EDA spokesman said in 2014.Memorial Sloan Kettering’s main location is in Manhattan. But since 2006, the facility has opened other sites in suburban areas, first in Basking Ridge. That was followed by locations in Westchester County, Long Island and Sleepy Hollow, in New York. MSK is planning another such facility for the Bergen County area. By By John BurtonMIDDLETOWN – “A cancer diagnosis is difficult enough,” acknowledged Memorial Sloan Kettering’s José Baselga, M.D., Ph.D., Monday morning. “Traveling shouldn’t make it harder.”And that, in a sentence, sums up the intention of Memorial Sloan Kettering’s strategy behind its latest out-patient facility at 480 Red Hill Road, said those affiliated with the medical center, recognized as a leader in cancer treatment.Baselga, who is Sloan Kettering’s physician-in-chief and chief medical officer, joined other members of the institution and local, county and state elected officials, along with a Matawan patient who offered her views on what her treatment at Memorial Sloan Kettering has meant to her well-being, for the grand opening of its new facility in the township.last_img read more