Winners and losers in EU’s big stimulus deal

first_imgAfter four days of squabbling there is a little something for everyone in the 750-billion-euro recovery package agreed by EU leaders — but the details reveal real winners and losers. WinnersMore ‘Europe’: It is very hard to deny that the painstakingly negotiated deal is a victory for backers of a more centrally-run or federal Europe, most notably French President Emmanuel Macron. Calls from Rome and Italy for “solidarity” quickly followed, but northern Europe firmly quashed any talks of joint borrowing or anything that reeked of sending tax revenue from one EU country to the other.But no one had counted on a sea change in Germany, where Chancellor Angela Merkel allied herself with Macron to back 500 billion euros in joint borrowing to help the hardest-hit by the pandemic.  Now, tens of billions will be heading out — despite the furious pushback by the “Frugals”, the Netherlands, Sweden, Denmark and Austria — that said they would refuse any penny in direct aid to their partners.In the end, after the fighting, a total of 390 billion euros will be distributed in direct aid. The climate cause: About one third of the EU’s stimulus stash will be earmarked for fighting climate change, making it one of the biggest green deals anywhere in history.National governments will be asked to submit climate-friendly projects involving electric cars, energy efficiency, and renewable power.Brussels: Another winner will be the European Commission, the bloc’s executive arm, which will be in charge of deciding how the money will be disbursed.The level of involvement of the EU in the oversight of national spending will be unprecedented, with the exception of bailouts of Greece, Portugal or Ireland during the debt crisis. LosersEU budget: The largesse of the recovery fund is coming in part by starving the normal EU budget that was also negotiated at this weekend’s marathon summit.Some call it robbing Peter to pay Paul: research, a transition fund for climate change and an EU investment fund have all been gutted of original proposals.The EU’s landmark Erasmus program for young people is also stripped, drawing a furious response from the European Parliament, which will have to ratify the plan this year.Much of this is to pay for the recovery fund as well as fork out tens of billions of euros in rebates to the frugals, who were finally quieted with substantial returns in cash on their EU contributions.Digital tax: The EU’s proposal to leaders had included an unprecedented ambition to raise EU taxes through various means: including a special tax on tech giants or a carbon tax. In the end, none of these was finalized and the recovery fund will need to be repaid by the EU budget over decades to come.To be determinedOrban: An hour before the final deal was announced, media close to Hungarian Prime minister Viktor Orban said the EU had abandoned all plans to link EU disbursements to adherence to European rules on media freedom and the independence of the judiciary.EU negotiators however insist this is not the case and that Brussels will submit a plan to make the link explicit. Only time will tell whether Brussels is able to bring their plan to fruition.”Whether or not the mechanism will bite will depend on its design — and all countries will still have to agree to it,” warned Lucas Guttenberg of the Jacques Delors Center in Berlin.Topics : In 2017, the leader eschewed “La Marseillaise” and marched solemnly to his inaugural address to the air of the EU anthem “Ode of Joy”.A speech at la Sorbonne University quickly followed that unfurled a hugely ambitious vision for Europe, with myriad proposals for deepening the EU project that most saw as far-fetched.The Netherlands and other countries that would prefer a “small” Europe successfully stonewalled Macron’s desire, until the virus crisis forced them to accept joint borrowing to finance the rescue package.Spain and Italy: The first tragic scenes of pandemic in Europe came from Italy and Spain, with hospitals overrun and death rates skyrocketing.last_img read more

Gov. Wolf Signs Cocktails-to-Go Bill

first_imgGov. Wolf Signs Cocktails-to-Go Bill SHARE Email Facebook Twitter Bill Signing,  Press Release Governor Tom Wolf today signed House Bill 327, now Act 21 of 2020, allowing the temporary sale of cocktails-to-go from bars, restaurants or hotels with a liquor license. The law takes effect immediately.“This new temporary rule creates more business for bars and restaurants when they need it, helps to meet customer demand and supports social distancing,” said Governor Wolf. “As we approach the holiday weekend, I encourage all Pennsylvanians to remember to drink responsibly.”The law applies to bars, restaurants and hotels that have lost 25 percent of average monthly total sales during the COVID-19 emergency. The beverages must be sold in containers with a secure lid in quantities from 4 oz. to 64 oz. before 11 p.m. An additional seal is required on the straw opening of a lid. Within 60 days, bars and restaurants must use a transaction scan device to verify a consumer’s age if the person appears to be younger than 35 years of age.“Our local restaurants are working hard to feed our communities during this difficult time,” said Rep. Perry Warren. “Act 21 both streamlines the process for residents to decide whether to permit alcohol sales in a ‘dry’ municipality and allows restaurants to add another product for their customers for curbside pickup and takeout during this crisis. I thank Governor Wolf and my colleagues on both sides of the aisle for supporting this bill.”The temporary rule expires after the COVID-19 disaster emergency ends and a business reaches 60 percent capacity.Pennsylvania’s open container law applies.View additional information from the Pennsylvania Liquor Control Board.Ver esta página en español.center_img May 21, 2020last_img read more

Norwegian oil fund restructures investment team, grows property

first_imgBech-Moen, who joined NBIM in 2009 and previously worked as senior analyst before being promoted to head of macro and portfolio research, will work alongside Øyvind Schanke, current global head of equity trading, and CIO of equities Petter Johnsen as heads of the new departments.Schanke will become CIO for asset strategies and Johnsen will maintain his brief, with his job from October referred to as CIO for equity strategies.Schanke has been with NBIM for a decade, joining as senior trader in 2001 and being promoted to head of trading in 2005 before assuming his current role at the end of 2007.Johnsen, meanwhile, spent seven years as portfolio manager at the central bank’s asset management division, rising to global head of sector strategies in August 2010 before being promoted to his current role in April 2011.NBIM has also set up a real estate leader group to prepare the division for growth in its property holdings, which it recently concluded could move outside Europe and the US.Karsten Kallevig, who joined NBIM in September 2010 as global head of real estate, will remain as CIO of real estate, with Lars Dahl as chief risk officer assessing potential property holdings.Nina Hammerstad, who took over from Kallevig as global head of real estate asset management in September 2011 following his promotion to CIO, will become the department’s COO, while Mie Holstad will become its chief administrative officer.Hammerstad was previously a partner at PwC, while Holstad has worked at PwC and Storebrand prior to joining NBIM as senior analyst in 2010, Norges Bank Investment Management (NBIM) is to reorganise its investment departments, appointing three new CIOs, and expanding its real estate management team.The asset manager for Norway’s NOK5.5trn (€556bn) Government Pension Fund Global will be “strengthening” the management of its real estate investments through the launch of a standalone leader group, according to Yngve Slyngstad, chief executive at NBIM.“We’re aligning our investment departments with the fund’s main strategies, and we’re strengthening our risk and control activities,” he added, as the fund confirmed quarterly returns of 3.3%.As part of the reorganisation, current global head of allocation strategies Ole Christian Bech-Moen will assume the role of CIO for allocation strategies from October this year.last_img read more

The secret story of violence in schools

first_imgSunday Star Times 8 April 2012A teacher is punched in the face, another is shoved in the chest and their lunch stolen, one is regularly verbally abused while another has their car vandalised.  But at the schools’ request, none of it is reported to police.Post-Primary Teachers Association president Robin Duff called the situation “intolerable”.He said, in the PPTA News, the teachers’ union could not continue to be “complicit in this conspiracy of silence” that concealed the level of violence within schools.He said competitiveness in schools gave them an incentive to hide issues of violence towards teachers and staff, and some schools didn’t want police involved because it could lead to negative publicity.The national executive was “particularly concerned” to learn that some schools were actually forbidding teachers from reporting instances to police.In one case a teacher was sitting in their classroom eating lunch when a student walked in and punched them in the face. The school told the teacher not to go to police because it would be dealt with internally. Nothing happened.Another a teacher was shoved in the chest and their lunch was taken.There were also numerous reports of teachers being punched, kicked or threatened, and property including cars and houses, being vandalised.One teacher said every teacher knew a colleague who had been verbally abused, physically threatened or suffered instances with students out of control and a risk to themselves and others.“Senior management of schools are under pressure to reduce instances of suspension and expulsion and we all know of instances where there is pressure not to report assaults on persons, or criminal damage to teachers’ property.”As a result the PPTA had issued members with an instruction to report assaults on teachers to police.  By issuing an instruction rather than a recommendation it hoped teachers in “all kinds of schools would do it” making it less likely that individual schools could be singled out. read more

Goepper Takes Home Bronze In Sochi

first_img(Image: Nick Goepper’s Facebook page)Dearborn County was represented well during Nick Goepper’s first appearance at the winter games.The 19-year-old, Hidden Valley native competed in the men’s ski slopestyle and fell during the first two qualifying runs, but turned it in his second run scoring 87.00.The United States swept the event with Joss Christensen earning gold and and Gus Kenworthy getting silver in the event.The competition will be televised on NBC at 8p.m. Thursday. A viewing party will also be held at Perfect North Slopes in Lawrenceburg, the same place Goepper used to ski from age 5 to 15.last_img

Khan reiterates Jol support

first_img Press Association Jol was criticised by supporters after a stuttering start to the season, but has the backing of American billionaire Khan. “He is the man for me,” Khan told Sky Sports News. Fulham owner Shahid Khan believes Monday’s win at Crystal Palace was a sign of the potential of Martin Jol’s team and has reiterated his support for the Dutchman.center_img “You have to keep in mind he is a very experienced guy and the start we have had, whether you’re Martin Jol or any Fulham supporter, you’re not happy and we can do better, and our players are a lot more talented and they proved that on Monday night. “I think, and have believed this for quite some time, that we have great players and some of those are new to Fulham and some of them have been here for a while. “It was a break-out moment and I hope this now continues.” Khan was thrilled to watch the 4-1 win at Selhurst Park, during which Steve Sidwell scored a stunning volley bettered only when team-mate Pajtim Kasami struck an outrageous one of his own. On Kasami’s volley, Khan said: “It was unbelievable and I kept looking for the replay on the video board and I had to go back in and see it on the television. “It is one of those things – did I really see what I saw?” last_img read more

Springers gymnasts place at States

first_imgGymnasts from Springers Gymnastics pose after competing in the Maine USA Gymnastics State Championship last weekend. Back row (left to right): Maddie Nida, Kajsa Brown-Morrison, Syra Gutow, Elena Springer, Paige Sawyer; middle: Megynn Lord, Gilly Rice, Ellie Kane, Molly Jennings, Ashly Emerson; front: Aliayah Washburn, Genevieve Muise, Mercedes Ulichny, Kaela Springer, Riley Crowley.PHOTO COURTESY OF DOUG SPRINGERWATERVILLE — Fourteen gymnasts from Springers Gymnastics competed in the Maine USA Gymnastics State Championship last weekend.“This year, we had more girls qualify and compete in the USA Gymnastics Championship than ever before,” said Springers Gymnastics coach Doug Springer. “We had a great season, and great meet.”The team competed against 10 gyms from across the state in Levels 3 through 6. Springers’ sole Level 7 gymnast, Gilly Rice, was sidelined with an injury late last week.Meet highlights include Level 3 gymnasts Molly Jennings scoring a meet-high score and first place finish with 9.75 on bars, and Kaela Springer taking second on vault.This is placeholder textThis is placeholder text“Our girls did a great job this weekend, against excellent teams at all levels,” Springer said. “We had several girls exceed their season goals and reach their highest scores so far.”The team will compete in the YMCA State Championship on April 18 and 19.last_img read more

Badgers welcome in-state rival for spring match

first_imgBRYAN FAUST/Herald photoAny fans of the UW volleyball team that have been wanting to get their fill of the squad this spring will get one chance to do so, and that chance is tonight.In their only home match of the spring that closely resembles a regular-season match, the Badgers face off with in-state competitor UW-Milwaukee tonight at 7 p.m. at the Field House.Wisconsin head coach Pete Waite said the atmosphere will be slightly relaxed, as the scoring will differ from the typical best-of-five format, but that both teams will come out and ready to play hard.”We want to get court time, and they want to get court time,” Waite said. “We’ll for sure go four, and then coaches will talk and see if we want a fifth [game].”The Badgers, who have reached the Elite Eight round of the season-ending NCAA tournament in each of the previous two years, last played a regular season-type match on March 15 over their Spring Break trip to Hawaii.Wisconsin, on that day, dropped four of five games to the University of Hawaii, a program that has been perennially regarded as one of the best in the nation.Outside hitter Audra Jeffers, the Badgers’ top offensive player from a year ago, said that the team hasn’t done much scouting on UW-Milwaukee, but the match will serve as a good opportunity to keep working on new blocking and defensive techniques for this season.”We’ve just prepared and worked on our weaknesses, we haven’t really worked towards anything that we’re going to do against [the Panthers] because we don’t know much about them,” Jeffers said.Two familiar faces to the Wisconsin faithful will be missing on the court tonight, as the team continues to move on without graduating seniors Aubrey Meierotto and Sheila Shaw on the roster.With few spots in the lineup opening up, players like Amy Bladow and Morgan Salow, after seeing limited time off the bench in 2005, are expected to see playing time tonight, as is Katherine Dykstra, a redshirt freshman from last season.All three of those players will be competing for starting spots in the fall, but it’s relatively clear thus far in spring practices that each of their roles should dramatically increase this season.Fans will also be able to watch returning players such as Jeffers, outside hitter Maria Carlini, libero Jocelyn Wack, and others help take on UWM in the matchup tonight.On the other side of the net, UW-Milwaukee is coming off a 2005 campaign in which it compiled a record of 20-9 and captured the Horizon League regular-season title.The Panthers are coached by Kathy Litzau, who has found success against UW-Madison in the past. She defeated Waite and the Badgers on Sept. 1, 1999 in four games at the Klotsche Center in Milwaukee.Litzau has been responsible for a major resurrection of the UW-Milwaukee volleyball program in her 14 years at the university. She took over in 1993 as the head coach of a team that won just three games the year prior.But slowly, Litzau got the team to garner more victories each year, and has overseen eight seasons of at least 20 wins.”She has had that team at the top of the top of the conference every year,” said Waite, who also coached against Litzau when he was at Northern Illinois. “She’s won a number of conference championships, so [Litzau] has got to be doing something right and doing it really well to win those championships.”The Panthers’ 2006 lineup features returning starters Sarah Moore, Cheryl Hegemann, and Becky Peters. Moore was an honorable mention on the all-Midwest Region, and Peters was named the Horizon League Co-Newcomer of the Year, both awards coming a season ago.Admission to tonight’s event, unlike regular season matches in the fall, is free to the public. Waite said he expects a sizable crowd to come out and watch the Badgers in their final Field House affair before the end of August.”We’ve always drawn well in the spring, usually we’ll have 800 or 1000 at a spring game. It’s free for all the students, if they didn’t get to see us in the fall, they can come out now and watch, it’ll be a good time.”last_img read more

Frank Howard’s offensive struggles continue in Syracuse’s 78-71 loss to Georgetown

first_img Facebook Twitter Google+ Published on December 17, 2016 at 4:22 pm Contact Matt: | @matt_schneidman After Frank Howard telegraphed a bounce pass right into the hands of Georgetown’s Tre Campbell, Jim Boeheim summoned the sophomore to his side.“Horrible. Horrible. Horrible,” the head coach said to his point guard.The early giveaway foreshadowed a less than spectacular day for Howard, who committed a career-high six turnovers as his offensive woes carried over into a third straight game. Syracuse’s starting point guard has now scored a meager 13 points in his last three contests, and Howard has hit only two of his last 20 shots after a 2-of-6 mark from the field in Syracuse’s (6-4) 78-71 loss to Georgetown (7-4) in the Carrier Dome on Saturday afternoon.“I don’t have any options,” Boeheim said. “He’s got to play better.”Howard has started every game this season and Saturday was the first time fellow point guard John Gillon joined him in the first five, as Tyus Battle works his way back from a left foot injury. While Gillon only turned the ball over once against the Hoyas, Howard gave it away far more frequently.AdvertisementThis is placeholder textMost of his giveaways weren’t even 50-50 balls, rather passes right into the hands of a defender. Two of his first-half bounce passes intended for cutters to the hoop instead found a black jersey, jumpstarting a Hoyas transition game that trumped the Orange’s. From Howard’s perspective, he made his decisions too obvious.“I just wasn’t going downhill, so I mean everybody knew I was going to pass,” Howard said. “Side-to-side, not being aggressive. It’s kind of almost giving away the pass. It was just on me … just wasn’t making the right play.”After yet another sloppy turnover in the second half, Boeheim sided with the banged-up Battle off the bench with just over 14 minutes remaining in the game and Syracuse needing a spark. The Orange didn’t get it from the guard spot, leaving the head coach lamenting on the play of his backcourt following arguably SU’s worst loss of the season.Howard’s offseason improvement may be the biggest of anyone on the team. Boeheim even said before the season it was the most significant of any player he’s ever coached. But aside from 11 assists that saved an 0-for-5 shooting day against Boston University (Howard also went 0-for-2 from beyond the arc against the Terriers), the point guard’s production, for an offense that’s already struggling, has regressed of late.“Just tell him to keep his head up and just not worry about everybody just being in his ear and judging him,” Gillon said. “It’s tough…He’s 19 years old, so it has to be tough when you’re in a place like this where the media is so heavy, where the coach is demanding…it’s just tough to have all that on your mind.”Howard has posted the three highest single-game assist totals in the Atlantic Coast Conference this season. Coming into Saturday’s game, the sophomore ranked 10th in the country in assists per game (6.8) despite playing fewer minutes than anyone in the top 22 in the category. In Syracuse’s eight games prior to facing Georgetown, Howard never turned the ball over more than twice in a single game. His previous high for giveaways was three, in the season opener against Colgate.Saturday, though, Georgetown made it look easy.“If he doesn’t play better, we’re not gonna win,” Boeheim said. “That’s the bottom line.” Commentslast_img read more

Syracuse looking to prevent Clemson from ‘beating them twice’ against Western Michigan

first_img Facebook Twitter Google+ Comments Dino Babers admitted that during his team’s 41-6 loss to Clemson, there were some exciting parts of Saturday’s game. And through three quarters, his team played well. There were too many parts of the game that weren’t so exciting for Syracuse (1-2, 0-1 Atlantic Coast), however, that took the Orange out of the contest. Following a loss to the Tigers for the second-straight year, Babers’ message to his team is the same as 2018’s defeat.“It happened last year,” Babers said on Monday. “Clemson can beat you once, but don’t let Clemson beat you twice.”The fourth-year head coach was describing the Orange’s overtime loss to unranked Pittsburgh last season, in the game immediately following their 27-23 loss to the  Tigers. Syracuse lost to the Panthers because of a hangover of sorts following its heartbreaking loss to Clemson, Babers suggests.He’s hoping to prevent that sort of let down this season when Western Michigan (2-1) visits the Carrier Dome for the first time in program history on Saturday. The two teams faced off in last year’s season-opener in Kalamazoo, when an early SU lead turned into a high-scoring affair. Three rushing touchdowns by the Orange pushed them out to a 34-7 lead at halftime, but 21 unanswered points by the Broncos closed the gap to six points 10 minutes into the second half. AdvertisementThis is placeholder text“Two different halves, one half our way, one half their way,” Babers said of last year’s matchup with WMU. “I’m looking forward to playing them once again knowing that coach (Tim) Lester knows a lot about this place and there’s 4-5 guys left on this team that were here when he was here.”Lester served as SU’s quarterbacks coach in 2013 and its offensive coordinator from 2014-2015 on Scott Shafer’s coaching staff and has Western Michigan’s offense firing on all cylinders after a 57-10 win over Georgia State on Saturday. The victory featured a school-record seven rushing touchdowns by the Broncos, who are 25th in the country in scoring offense. That doesn’t bode well for the Orange defense, which is 10th-worst in the country in stopping the run. While SU did show signs of improvement defensively versus Clemson, its offense still struggled to move the ball consistently. Babers chalked the struggles up to too many inconsistencies and breakdowns at times when Syracuse could least afford them, but believes that the Orange’s offense is close to figuring it out. “I don’t think we’re that far off, once again,” Babers said. “The guys we were playing were really good…Our defense I thought did a nice job, our special teams did a nice job. We didn’t score enough points.”He suggested that the passing game’s issues so far this season have directly affected the play of the running backs, who combined for three touchdowns in Syracuse’s season opener against Liberty. Since the win over the Flames, the Orange have rushed for a combined 85 net rushing yards with a long run of 13 yards and no scores. Opposing teams are taking away SU’s running game because they don’t believe the passing game can beat them, and that’s proved to be a successful strategy versus Syracuse thus far. Against a Western Michigan team that will likely employ its same strategy from last year, nearly taking down the Orange last season, Babers is wary of the potential for an upset.“They proved last year that they’re capable of scoring points and they can get us into a shootout,” Babers said. “And they’re not afraid of us…we expect a very hungry opponent that can beat us, and we better come ready to go.”Injury notesBabers said that starting cornerback Ifeatu Melifonwu left Saturday’s game with an “owie” and hasn’t had an opportunity to find out the details of it, but hopes Melifonwu will be ready to go versus WMU.Center Sam Heckel, who started SU’s season-opener before getting injured and missing the next two games, will probably be in the same situation (a game-time decision) as he was versus Clemson.Babers was awaiting word later in the day on Monday on the status of defensive lineman McKinley Williams, who has missed all three games this season with a leg injury.center_img Published on September 16, 2019 at 3:54 pm Contact Eric: | @esblack34last_img read more