Canada handled the coronavirus outbreak better than United States: PM Trudeau

first_imgCanada handled the novel coronavirus outbreak better than many of its allies, including the United States, Prime Minister Justin Trudeau said on Wednesday, in a rare public comment on the faltering US effort.Canada – with a population one-tenth the size of the United States – has so far recorded 8,711 deaths and 106,167 cases and Trudeau said the situation was stabilizing, although some hot spots remained.In contrast, the United States has recorded more than 3 million cases and 131,336 deaths. Authorities have reported alarming upswings of daily case loads in roughly two dozen states over the past two weeks. “We were able to control the virus better than many of our allies, particularly including our neighbor,” Trudeau told a briefing, saying Canada’s success would help efforts to restart the economy.Canada and the United States have blocked nonessential travel between the two nations since March and are discussing whether to extend the ban when it expires on July 21.Canadian health officials said the death toll could hit 8,900 by July 17.Deputy chief public health officer Howard Njoo said the outbreak was largely under control, while stressing measures such as contact tracing and quarantine would still be essential.”If we relax too much or too soon, the epidemic will most likely rebound, with explosive growth as a distinct possibility,” he told a separate news conference.Although Trudeau’s relations with US President Donald Trump have been good over the last 18 months, he skipped a Washington meeting on Wednesday to herald the start of a new continental trade agreement with the United States and Mexico.Trudeau, who would have had to enter a 14-day quarantine period on his return, repeated concerns about the possible imposition of US tariffs on Canadian exports of aluminum. Topics :last_img read more

Interview: Mats Langensjö weighs options for Sweden’s giant AP7

first_img“The big balancing act is between the implied or expected cautiousness of pillar one and how you maximise pensions”Mats Langensjö“Having this kind of structure in the first pillar system is rare, as there are not many such systems that rely on market returns – in fact, I haven’t come across any others where this is the case,” he said.“So the question is, how do you then position that? It is a given that the structure is there, but what is the appropriate level of risk and appropriate objective, particularly for the savers?”Other issues that needed to be resolved in the report included defining the target group for the default fund.“In one sense you are targeting the whole population of Sweden, but maybe you need to prioritise certain groups such as people who are younger, older, or have different earnings levels,” he said.New investment guidelines?Langensjö said he would also consider whether AP7’s investment universe should be updated, as a consequence of the objectives and risk profile.AP7 currently invests more than 80% of its portfolio in equities, but its leadership has called on the Swedish government to broaden investment rules to allow real estate and infrastructure allocations.In his report, Langensjö said he would also address AP7’s use of leverage.He cited Nobel Prize-winning economist Richard Thaler, who last year stated that AP7 should not apply leverage to its investments, but Langensjö said there were good arguments for and against the use of gearing.Langensjö refused to be drawn on the specifics of how the investment universe might be altered.“It is too early in the process to say, but the big balancing act is between the implied or expected cautiousness of pillar one – the social security approach – and how you maximise pensions, which in simplistic terms is to maximise risk,” he said. “In the end that will define the investment universe and the type of portfolio.”Further readingSweden cuts one third of investment options in system overhaul Pensions regulator outlines plans to cull a third of the investment funds from the PPM, transferring roughly SEK9bn (€879m) to AP7Swedish Premium Pension: Safe and sound Reform of the Premium Pension System aims to root out poor management practices and make the system sustainable, writes Gail Moss “It was set up at a time when there were no other investment options in the first pillar system, then later it became the default option and now it is a fund in excess of €50bn because more than two thirds of savers have chosen to stay in it.”AP7 was the most rapidly growing investment fund in the world, he said, which meant the framework had now to be changed. According to data from IPE’s Top 1000 Pension Funds survey, it has grown from €8bn in 2009 to almost €62bn as of last year, as a result of investment returns and policy reforms.AP7’s growthChart MakerLangensjö’s report is likely to be submitted by the summer and will probably be put out for consultation later this year as part of the second stage of the PPM reform that is currently under way.Just over 13% of Swedish individuals’ state pension contributions – equating to 2.5% of salary – are directed into the PPM, which allows people to put their money into a wide range of private investment funds or into the default option, the balanced Såfa fund run by AP7.In compiling his report, Langensjö said he would look at what the future role and objective for AP7 should be as the default fund. The Swedish Finance Ministry has tasked pensions expert Mats Langensjö with devising a new framework for the country’s largest public sector pension fund.AP7 is the manager of the default option within the defined contribution (DC) segment of the state pension, known as the Premium Pension System (PPM).Langensjö – who has played significant roles in several pension reform processes in Sweden – is considering all options for the fund, including expanding its investment universe as well as changing its use of leverage.He told IPE: “AP7 has been around since 2000, but nothing has really changed since then in terms of the framework.last_img read more

Robert Quinn injury update: Cowboys defensive end to undergo hand surgery

first_img Cowboys’ Stephen Jones: We’re ‘not going to be a market-setter’ on contracts for Ezekiel Elliott, other stars Ezekiel Elliott contract: Cowboys star’s no deal-no play ultimatum ‘news to us,’ COO says The Cowboys will be down a defensive end when they open preseason play this week.Robert Quinn, who is entering his ninth NFL season and first with Dallas, left Tuesday’s workout “with a hand issue,” according to a report from 105.3 FM The Fan, a local Dallas radio station. The issue turned out to be a serious fracture that will require surgery. However, the team is optimistic he will be able to play when the Cowboys host the Giants in the season opener. “I think he’ll be ready for the start of the season, for sure,” executive vice president Stephen Jones said. “The relief is he’s going to be back and be fine and be ready to play the Giants (in Week 1).” Related News Amari Cooper leaves Cowboys practice with heel injury Check out the play where #Cowboys DE Robert Quinn fractured his left hand. He’ll need surgery, but Stephen Jones says Quinn should be ready for the season opener.#WFAACowboys pic.twitter.com/4IxyjYVsif— Joe Trahan (@JoeTrahan) August 7, 2019Dallas acquired Quinn from Miami during the offseason.He had 6 1/2 sacks for Miami last season and has 69 in his career.Quinn, who was the 14th overall pick in the 2011 draft, is a two-time Pro Bowl player and was a first-team All-Pro in 2013 after racking up 19 sacks for St. Louis.He also spent two seasons with Los Angeles. Quinn seems to be excited about his new home.“I don’t see a weakness, which is unbelievable to say,” he said recently. “It makes you more excited to come into the building. It makes you want to work harder. You don’t want to let anyone down because of what they did last year. I believe I’m a pretty decent player. So I just want to add what I can do and help this team get even better.”last_img read more

WNBA to market to LGBT community

first_imgIn this June 29, 2013 file photo, Connecticut Sun’s Kalana Greene, left, and Phoenix Mercury’s Brittney Griner eye a rebound during the first half of a WNBA basketball game in Uncasville, Conn. (AP Photo/Jessica Hill, File)NEW YORK (AP) — Amid a surge of public opinion in favor of gay rights in the U.S., the WNBA is launching a campaign to market the league to the LGBT community, becoming the first pro sports league to specifically recruit gay, lesbian, bisexual and transgender fans to its games.With the marketing campaign, the WNBA is capitalizing on what it has known for years: The community makes up a significant portion of its fan base. The difference now is that the league is talking about it publicly and making it a deliberate part of its marketing strategy.The launch of the effort coincides with a surge of political and legal advances for the gay-rights movement in the U.S., and shifting public opinion behind many of those advances.The campaign, which begins with the debut of a website Wednesday, includes having teams participate in local pride festivals and parades, working with advocacy groups to raise awareness of inclusion through grassroots events and advertising with lesbian media. A nationally televised pride game will take place between Tulsa and Chicago on Sunday, June 22. All 12 teams will also have some sort of pride initiative over the course of the season.“For us it’s a celebration of diversity and inclusion and recognition of an audience that has been with us very passionately,” WNBA President Laurel Richie said. This image provided by the WNBA shows a t-shirt that is part of a campaign the WNBA is lauching to market specifically to the gay, lesbian, bisexual and transgendered community. It’s the first league to design such a campaign. The marketing push begins with the launch of a website on Thursday, May 22, 2014, and the signature event will be a nationally televised “pride” game between Tulsa and Chicago on Sunday, June 22. (AP Photo/WNBA)It’s taken the league 18 years to take the step, though it had discussions about the possibility previously. Teams have done some promotion locally, sponsoring booths at gay pride events and hosting groups at games.“We embrace all our fans and it’s a group that we know has been very, very supportive. I won’t characterize it as ‘Why did it take so long?’ For me it’s been we’ve been doing a lot of terrific initiatives. The piece that’s different this year is unifying it,” Richie said.Before launching the campaign, the league took a close look at its fan base. It commissioned a study in 2012 that found that 25 percent of lesbians watch the league’s games on TV while 21 percent have attended a game.Rick Welts, who was the executive vice president and chief marketing officer of the NBA when the WNBA first started in 1997, said that when the league began executives figured the fan base would be a carryover from the NBA.“We guessed very wrong on that,” said Welts, who is the president and COO of the Golden State Warriors and became the highest-ranking executive in men’s sports to publicly acknowledge he’s gay in 2011. “Maybe we should have known better. I think from its outset, the WNBA attracted a fan with different interests than our profile of an NBA fan.“I remember sitting in a few meetings where we had really interesting thoughtful discussions of: Should we be proactive marketing to the LGBT community? What does that say if we do? We certainly didn’t want to position the league of being exclusionary to anyone. What were we saying if we did it more proactively? Society and sports culture is very different today than it was back then. Teams were trying to figure out the right thing to do.”Brittney Griner, who is one of a handful of WNBA athletes who have publicly identified themselves as lesbian, was happy the league was embracing the community. Griner, who was the No. 1 pick by the Phoenix Mercury in the draft in 2013, plans on wearing rainbow-colored shoes during the month of June in support of the initiative.“We’ll pave the way and show its fine and there’s nothing wrong with it. More sports need to do it. It’s 2014, it’s about time,” said Griner, who served as grand marshal of the Phoenix Pride parade last season.The league’s campaign comes after a wave of recent announcements from players who are identifying themselves publicly as gay. NBA player Jason Collins became the first player in men’s professional basketball to come out and played with the Nets. Former Missouri football player Michael Sam, who came out in print and televised interviews earlier this year, was drafted in the seventh round by the St. Louis Rams. And Derrick Gordon, a UMass basketball player, recently described his experience as a gay Division I player.It also comes amid changes in the political and legal landscape. Just this week, federal judges in Pennsylvania and Oregon struck down state bans on gay marriage, extending a series of such rulings since December. If the latest rulings stand, there will be 19 states — with more than 43 percent of the U.S. population — that allow same-sex marriage.That helps make the timing for the WNBA’s decision right, said Robert Boland, academic chair of the sports management program at NYU’s Tisch Center.“This is a group where there is a natural affinity and marketing affinity,” he said. “It’s a recognition of where the world is today. I’d be shocked if there was any backlash.”Rebecca Lobo, who played in the league for six seasons and has been a broadcaster for the last decade, has seen a change from when the league began in 1997.“It’s culturally more acceptable now than it was when it first started,” she said. “The league has been around for so many years they can do these sort of things without worrying about what some people might think.”It wasn’t always that way.“For a long time they were happy to have those lesbians fill those seats in the stands, but not willing for a long time to embrace the fan base,” said Pat Griffin, professor emeritus in the social justice education program at the University of Massachusetts Amherst. “I attribute that to the homophobia, fear that somehow acknowledging the fan base would encourage other fans not to go to games. What they’ve learned is that the fan doesn’t keep other people from going to games.”___Follow Doug on Twitter at http://www.twitter.com/dougfeinberglast_img read more

Mount Sentinel edges Wolves to capture WK Junior Boy’s Basketball crown

first_imgIn the contest Mount Sentinel went to the free throw line 21 times to LVR’s six and the Bombers were called for 19 fouls to the Cats nine.Abrosimoff was the top scorer for Mount Sentinel with 15 points while Sookeroff had seven and Miller five.For the Bombers Brock Dixon had eight points while Curtis Young and Dixon’s brother Dyllen each added six points.LVR, which lost to Stanley Humphries Rockers 52-24 in the consolation final to finish fourth in the tournament, advanced to the semi final round by stopping the J. Lloyd Crowe Hawks 40-20 Friday.The Bombers led 11-8 after one quarter and 20-11 at the half.In the third quarter, LVR out scored the Hawks 10-4 to put the game away.Dyllen Dixon led all scorers with 17 points, including three baskets from behind the arc.Jairo Mangapot and Young each added four points.In the consolation final, Aject Dhaliwal scored 11 points and Morgan Lynn added eight to spark the Rockers to the lopsided win over LVR.The Rockers, taking third place, built a 21-3 lead after the first quarter and never looked back.Dyllen Dixon scored eight points for LVR while power forward Jack Roberts had five points, including a three-pointer at the buzzer. Brandon Sookeroff scored 14 points to lead the Mount Sentinel Wildcats to the West Kootenay Junior Boy’s Basketball Championship with a 36-33 win over host Grand Forks Wolves Saturday in the Boundary City.The Wildcats, the top ranked team going into the seven-team tournament, needed a late rally to secure the win as Mount Sentinel trailed the Wolves for most of the contest.Aaron Abrosimoff added nine points and Kie Miller had eight.Mount Sentinel advanced to the final with a thrilling 31-29 victory over the L.V. Rogers Bombers.In the game, the Bombers had a chance to tie the game but LVR was called for a lane violation with less than three seconds remaining in the game.Mount Sentinel, entering the contest with three straight regular season wins over LVR, led 8-6 after one quarter before LVR took a 14-12 advantage into recess.Mount Sentinel, trailed 29-27 late in the fourth period before reeling off four straight free throws to secure the lead and the win.last_img read more