​Norges Bank bemoans lack of scale for developing nations’ infrastructure

first_imgThe manager for Norway’s sovereign wealth fund has bemoaned the smaller scale of infrastructure projects in developing nations after a report to the government called for it be allowed to invest in the asset class.Noting that infrastructure assets in emerging markets and developing economies present additional challenges not found in OECD countries, a discussion note released by Norges Bank Investment Management (NBIM) nevertheless emphasises that the less mature markets represent “interesting investment opportunities for investors willing and able to take on these additional risks”.The publication of the note, released alongside a complementary paper discussing the opportunities in renewable energy, comes after the Norwegian government was urged to allow the Government Pension Fund Global (GPFG) to invest in unlisted clean energy and emerging market infrastructure.In a report co-written by Leo de Bever, former chief executive of the Alberta Investment Management Corporation and commissioned by the Ministry of Finance last year, the government was also urged to broaden the GPFG’s property mandate to allow it to benefit from urbanisation in emerging markets. The detailed report made a number of suggestions, although the three co-authors – de Bever, Stijn Van Nieuwerburgh of New York University and Richard Stanton of University of California, Berkeley – could not agree whether the sovereign fund should opt for listed or unlisted infrastructure investments, with a 2-1 split in favour of a “substantial” direct infrastructure portfolio.Van Nieuwerburgh and Stanton were concerned with “myriad non-financial risks” stemming from unlisted holdings, including political and reputational risks, whereas de Bever argued that the sovereign fund’s peers were operating largely in the unlisted space.Outlining their reasons for investing in emerging market infrastructure, the co-authors cite a strong historical performance but also the “enormous” funding need in such countries, especially after traditional funding sources were in decline.“The main challenge lies in managing several incremental sources of risk such as political risk, regulatory risk and management and governance risk,” the report says.It also recommends a greater focus on emerging market property once NBIM has built up sufficient internal expertise.“Due to urbanisaton, a growing middle class and a rebalancing towards a larger service sector,” it says, “much of the world’s future demand for real estate will be in developing countries.”The recommendation that NBIM be allowed to grow clean energy holdings into the unlisted space comes after the fund’s environmental mandate – partially comprising stakes in listed clean energy – was doubled.The “opening up” to unlisted clean energy would allow NBIM to “explore” the sector, the report’s authors said, adding that clean energy would constitute “a majority” of energy investments over the coming 30 years.last_img read more

Read More »

Mr. Earnest Lee “Conway Twitty” Henry

first_imgMr. Earnest Lee “Conway Twitty” Henry, Sr., age 76, of Aberdeen, Indiana, entered this life on September 29, 1941, in Ohio County, Indiana, the son of the late, Everett and Anna Pearl (Eaglin) Henry. He was raised in Ohio County, Indiana where he attended school. Earnest was united in marriage on July 11, 1987, in Patriot, Indiana, to Betty Ann Sigmon. Earnest and Betty shared nearly 31 years of marriage together until his death. He was employed for the Cincinnati Airport as a janitor, retiring in 2003, after 17 years of service and was also employed for Harold Hayes Garage in Aberdeen, Indiana. Earnest resided since 1987 in the Aberdeen community. He was a member of the Fredonia Baptist Church in Vevay, Indiana, where he enjoyed attending the brotherhood breakfast meetings once a month. Earnest enjoyed auto body work and farming and will be remembered for his love of gardening. Earnest passed away at 4:15 p.m., Tuesday, May 1, 2018, at the Swiss Villa Nursing & Rehabilitation Center in Vevay, Indiana.Earnest will be deeply missed by his wife, Betty Ann (Sigmon) Henry of Aberdeen, IN; his son, Nelson Henry of Fresno, CA; his daughters, Melissa Minge and her husband: Tom of Viola, AR, Amanda Higham and her husband: Rick of Hanover, IN and Angel Haynes and her husband: Jeremiah of Vevay, IN; his step-daughters, Joyce Theetge and her husband: Ernie of Aberdeen, IN and Michelle Smith and her husband: Glenn of Milton, KY; his step-sons, Doug Henry and his wife: Marea of Aberdeen, IN, Tim Henry and his wife: Renee of Aberdeen, IN, Scott Henry and his wife: Dora of Aberdeen, IN, Paul “Pete” Hopper, Jr. of Austin, IN and Jeff Hopper of Hanover, IN; his 16-grandchildren and several great-grandchildren; his several-step-grandchildren and his step-great-grandchildren; his brother, James David “Jim” Henry of Aberdeen, IN and his several nieces and nephews.He was preceded in death by his parents, Everett and Anna Pearl (Eaglin) Henry; his son, Earnest Lee Henry, Jr.; his daughter, Enda Janelle Henry; his sister, Helen Gulley; his brother, Everett Henry, Jr. and his sister, Elizabeth Henry.Funeral services will be conducted Tuesday, May 8, 2018, at 1:00 p.m., by Rev. Wayne Daugherty and Rev. Rick Daugherty at the Haskell & Morrison Funeral Home, 208 Ferry Street Vevay, Indiana 47043. Interment will follow in the Mount Carmel Cemetery, Aberdeen, Indiana. Friends may call 11:00 am – 1:00 pm, Tuesday, May 8, 2018, at the Haskell & Morrison Funeral Home, 208 Ferry Street Vevay, Indiana 47043. Memorial contributions may be made to Earnest Lee “Conway Twitty” Henry, Sr. Memorial Fund % Haskell & Morrison Funeral Home. Cards are available at the funeral home.last_img read more

Read More »

Franklin County COVID-19 count up to 109 according to officials

first_imgBrookville, IN—The Franklin County Health Department announced receiving two new positive cases for COVID-19 on Monday, bringing Franklin County’s total number of positives to 109.  Both new patients are adults. Health officials also announced that three more patients have recovered from the coronavirus, bringing Franklin County’s total number of recovered to 81 out of the 109 positive cases.Officials would like to remind citizens and businesses that manufacturing and religious services are allowed to open while following social distancing guidelines.  Restaurants are allowed to open inside dining to 50% capacity while following social distancing guidelines.  Salons, barbershops, tattoo parlors, and other personal services are allowed to open by appointment only while following social distancing guidelines.  Gatherings are to be 25 or fewer people.  The Indiana State Department of Health and the Centers for Disease Control continue to recommend citizens wear masks when out in public when social distancing is difficult to maintain.last_img read more

Read More »

Benitez targets top European club

first_img Benitez faced hostility from many Chelsea fans when he took over following the sacking of Roberto Di Matteo but was pleased to have delivered success to Stamford Bridge. He added: “I think it was a good challenge and I enjoyed it at the end. “We won a trophy, (we reached) some semi-finals, a final (and finished in the) top three so I am really pleased because a lot of people at the start, people around players, they were pushing and pushing. “I am really pleased for everyone.” A well-taken double by Samir Nasri and further goals from Gareth Barry, James Milner and Edin Dzeko secured victory for City at Yankee Stadium on Saturday night. Chelsea contributed to an entertaining encounter with a Ramires double and Juan Mata’s free-kick. The Spaniard guided Chelsea to Europa League glory and also helped them qualify for next season’s Champions League after being brought in last November. Former Chelsea manager Jose Mourinho has been widely linked with a return to Stamford Bridge this summer. Asked about his plans and a link to Napoli following Chelsea’s 5-3 defeat to City in New York, Benitez told Sky Sports News: “I am going to London now. I want to be in a top side so that we can play in the Champions League, if that is possible.” Press Associationcenter_img Rafael Benitez has set his sights on managing in the Champions League next term after bringing his stint as Chelsea interim manager to a close with a second post-season tour defeat to Manchester City on Saturday night.last_img read more

Read More »

Cricket News Akmal, Shehzad, Wahab not summoned by PCB for fitness test

first_imgIslamabad: Senior players Wahab Riaz, Umar Akmal and Ahmed Shehzad have not been summoned by the Inzamam ul Haq led selection committee for the final fitness tests being conducted ahead of World Cup squad selection.The PCB on Thursday, released a list of 23 probables, who have been invited for the two-day fitness tests scheduled on April 15 and 16th at the National Cricket Academy after consultations between chief selector, Inzamam-ul-Haq and head coach Mickey Arthur.Umar who followed up a brilliant 136 with another blistering innings of 99 in the Pakistan National One-day Cup on Thursday, has surprisingly not been invited to take the fitness tests.The middle order batsman was recalled for the ODI series against Australia last month after being left out in the cold for more than two and half years.His top score against Australia was 48 and was also earned the wrath of the board for partying beyond midnight thereby breaching the code of conduct.Strangely the selectors have invited another middle order batsman, Asif Ali for the fitness tests although the batsman was dropped for the ODI series against Australia.Other notable omissions from the fitness test list are left arm pacer Riaz, who had a five-wicket haul in the National Cup on Wednesday and opener Shehzad, who impressed with four half centuries in the last five matches of the PSL, including the final.The selectors have kept faith with all six players who were rested for the Australia series while senior all-rounder, Muhammad Hafeez has also been asked to appear for the fitness trials.Arthur has said that there will be no compromises made on fitness of any player while selecting the World Cup squad.23 Pakistan Probables: Sarfaraz Ahmed (Capt), Abid Ali, Asif Ali, Babar Azam, Faheem Ashraf, Fakhar Zaman, Haris Sohail, Hassan Ali, Imad Wasim, Imam-ul-Haq, Junaid Khan, Muhammad Abbas, Muhammad Aamir, Muhammad Hafeez, Muhammad Hasnain, Muhammad Nawaz, Muhammad Rizwan, Shadab Khan, Shaheen Shah Afridi, Shan Masood, Shoaib Malik, Usman Khan Shinwari and Yasir Shah.The PCB also confirmed that the final World Cup squad would be announced on 18th April with the Pakistan team departing on 23rd for England. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more

Read More »

Smith, Maxwell dominate day one in Ranchi

first_imgBy Amlan ChakrabortyRANCHI, India (Reuters) – Australia captain Steve Smith struck a cultured unbeaten century to steer Australia to 299 for four wickets in the third Test against India yesterday, signalling he has put the review controversy at Bengaluru behind him.Smith’s 117 not out is only the second century in the spin-dominated series – following his 109 in the first Test in Pune – as the 27-year-old joined the 5 000-run club in his 53rd Test.Teammate Glenn Maxwell celebrated his return to Test cricket with a career-best 82 not out, his burgeoning partnership with Smith already worth 159 runs on the opening day of the contest.Home captain Virat Kohli injured his shoulder while diving to save a boundary in the 40th over and missed the rest of the day’s play.Smith won an important toss and had little hesitation in batting first, something of a ritual on India’s low-bounce tracks, and Matt Renshaw led their brisk scoring with a boundary binge.With an extremely fast outfield at the Jharkhand State Cricket Association (JSCA) Stadium hosting its first Test match, Renshaw’s first 24 runs came via boundaries as the tourists cruised to the 50-run mark in the 10th over.Left-arm spinner Ravindra Jadeja got the breakthrough in his first over when David Warner slapped a juicy full toss back to the bowler to depart for 19.Renshaw looked good for his third fifty in the series before edging Umesh Yadav to slip, having played and survived an identical shot on the previous delivery. Renshaw’s fluent 44 included seven elegant boundaries.“I thought we all got starts but just didn’t get on with it and make a big score like Steve did. He showed us how to go today,” Renshaw said, admiring how his captain managed to return his focus to the game after the review row.“He’s handled the whole situation really well and just showed that we’re here for a cricket series and showed how to do it today.”Australia were reeling at 89 for three when Smith and Peter Handscomb (19), protagonists of the review controversy in Bengaluru, joined forces for a half-century stand.Handscomb had advised Smith to gesture towards the dressing room in Bengaluru for advice on whether to review a leg-before-wicket decision, a move that drew explosive response from Kohli resulting in considerable acrimony in the middle of the four-Test series.DISCIPLINED MAXWELLYadav trapped Handscomb (19) lbw with an inswinging yorker but Smith found an able partner in Maxwell, who eschewed his natural aggression, and played judiciously to justify his selection, replacing the injured Mitchell Marsh.Known for his destructive batting which makes him a limited-overs asset, Maxwell showed tremendous self-restraint, taking 57 deliveries to hit his first boundary.There were glimpses of his natural aggression as well, as when he hit Jadeja for the first of his two sixes to bring up his maiden Test half-century.Maxwell surpassed in his very first innings of the series the 48 runs that Mitchell Marsh had totalled in his four during the first two Tests and the all-rounder is not done yet.Australia also brought in paceman Pat Cummins, who is playing his second Test after more than five years in the wilderness, to replace the injured Mitchell Starc.India welcomed back opener Murali Vijay, who missed the tempestuous Bengaluru Test with a shoulder injury. AUSTRALIA 1st inningsM. Renshaw c Kohli b U. Yadav 44D. Warner c & b Jadeja 19S. Smith not out 117S. Marsh c Pujara b R. Ashwin 2P. Handscomb lbw b U. Yadav 19G. Maxwell not out 82Extras: (b-4, lb-11, nb-1) 16Total: (for 4 wickets, 90 overs) 299Fall of wickets: 1-50, 2-80, 3-89, 4-140.Bowling: I. Sharma 15-2-46-0 (nb-1), U. Yadav 19-3-63-2, R. Ashwin 23-2-78-1, R. Jadeja 30-3-80 -1, M. Vijay 3-0-17-0.last_img read more

Read More »

Defensive injury worries for Chelsea

first_imgBranislav Ivanovic is a doubt for Chelsea’s Champions League encounter with Benfica.Ivanovic, whose extra-time winner against Napoli took his side into the quarter-finals, recently returned from injury but has now strained his hamstring.The defender will be assessed this afternoon and the Blues are hoping he will be available for Wednesday’s game.AdChoices广告Chelsea were already monitoring the fitness of David Luiz and Didier Drogba ahead of the match at Stamford Bridge.Drogba missed Saturday’s win at Aston Villa, where Luiz was taken off after suffering an ankle injury.Follow West London Sport on TwitterFind us on Facebooklast_img

Read More »

Penney prepares for NCAA Championships as lone Syracuse representative

first_imgOn Saturday night, Lauren Penney will be away from her teammates.After setting a personal and school record in the 3,000-meter race at the Husky Classic in Seattle last month, Penney became the only Syracuse athlete to qualify for the NCAA Championships in Fayetteville, Ark.While Penney has participated at nationals before, this weekend will be her first time competing in the 3,000-meter at the NCAA Championships. Her event kicks off at 8:40 p.m. on Saturday at the Randal Tyson Track Complex in Arkansas.After not running cross-country in the fall, Penney has trained hard throughout the season to better her chance in the 3,000-meter on the track. Now, she is excited to be racing as one of the 16 best 3,000-meter runners in the country.“There is a really competitive field this year,” Penney said. “A lot of the girls in the race have qualified in many events, so it’s going to be really exciting to put myself in the race with them.”AdvertisementThis is placeholder textWhile Penney admits she is anxious for this weekend, the graduate student is going to rely on her experience and routine to keep her focused.On Saturday, as usual, Penney will get out of bed and jog for about 10 minutes to wake her legs. She’ll eat pancakes and eggs for her normal race-day morning meal.After breakfast, she will sit in the hotel and do homework before lunch. Then, she likes to get out of the room and explore the surrounding area. At about 5 p.m., she’ll grab another snack for dinner. After a quick shower, she’ll pack her bag and head to the track.While waiting all day for the event can be mentally challenging for athletes, Penney actually prefers racing at night.“At night, I feel I am more awake and loose,” Penney said. “I have been around for walks and don’t like to think about the race until a couple hours before anyways.”Head coach Chris Fox will travel with Penney to Fayetteville. Like Penney, he preferred to race at night back when he was competing, citing similar reasons as Penney.“You get a little nervous sitting around all day,” Fox said, “but I think it’s a lot better feeling to run at 7 o’clock at night than at 11 in the morning.”Last season, Penney roomed with sophomore Jessie Petersen on road trips. As a freshman, Petersen picked Penney as someone she wanted to run like and learn from. From tagging along with her at meets, Petersen was able to observe and learn.“I think she has a really good balance with everything,” Petersen said. “She doesn’t take one thing too seriously or one thing too lightly, and we always had fun together.”In a race as short as the 3,000-meter, feeling and timing is everything. Penney, who also runs the mile indoor and the 5K outdoor, finds this event to be the right combination of the two.“I really like a lot of the speed stuff of a mile, but I don’t have the 800-person speed to kick in at the end of the mile,” Penney said. “But the 3K is that middle ground where I can do both speed and distance.”The race itself will be difficult to predict because a lot of the runners in Penney’s race will compete in other events the night before. Whether the race goes out really slow and comes out to a kick at the end, or goes out fast from the gun, Penney knows it will be competitive.Once again, she will rely on her experience to lead her to the finish line.“It took me a while to be confident and feel I belonged in the races I got myself to,” Penney said. “Now, I like to run the race that’s given to me.” Comments Facebook Twitter Google+ Published on March 7, 2013 at 1:07 am Contact Bryan: bwrubin@syr.edulast_img read more

Read More »

Offensive line paves way for USC run game

first_imgQuick hits-USC brings the Jeweled Shillelagh back to Troy. Last year’s loss ended an eight-year streak of USC victories over Notre Dame.-Saturday’s win was the first USC victory at Notre Dame Stadium since 2001.-Notre Dame quarterback Tommy Rees was held without a touchdown pass for the first time in 11 games, the third-longest streak in school history. The offensive line had been a question mark entering the season.After losing tackle Tyron Smith, tackle Butch Lewis and center Kris O’Dowd to the NFL, three spots had to be filled for a front-five in rebuilding mode.Despite the uncertainty facing this unit, the young USC offensive line has continued to show improvement all year. Against Notre Dame, the unit did not surrender a sack. The line also won the battle in the trenches, paving the way for the Trojans to register more than 200 rushing yards against the 19th-ranked defense in the Football Bowl Subdivision.Off and running · Junior tailback Curtis McNeal finished with 118 rushing yards in leading the USC ground attack against Notre Dame. – Carlo Acenas | Daily Trojan“I think [our offensive linemen] really wanted the challenge,” Kiffin said. “They played very physical in all aspects of the game.”The rushing attack was impressive, finishing the game with a season-high 219 yards highlighted by junior running back Curtis McNeal’s 118 yards.Junior quarterback Matt Barkley had plenty of time in the pocket to wait for routes to develop downfield. On one play in particular, Barkley connected with sophomore wide receiver Robert Woods for a 25-yard touchdown on a pump-and-go route. When coverage deep downfield did not relent, Barkley converted three third-downs on scrambles.“They were dropping deep and you can’t really drop eight into coverage and not get some of the passing concepts that we wanted to,” Barkley said. “Sometimes you just have to take off and run. I was just trying to get positive yards and those happened on big plays where we needed first downs.”—At the beginning of the season, there was a possibility sophomore tailback Dillon Baxter could grab the starting role.But Baxter has now only appeared in four games and recorded nine rushes for 29 yards.The San Diego native did not make the trip to Notre Dame, either, but no further explanation was given.“I’ll meet with Dillon when we get back,” Kiffin said. “He didn’t make the trip. That’s all I’ve got for you.”—Special teams has been an emphasis for USC all season long, but the normally reliable unit did not perform up to par against Notre Dame.Notre Dame running back George Atkinson III returned a kickoff 96 yards for a touchdown in the second quarter, sparking a brief Irish run in the second quarter.“[Special teams] was a big emphasis,” Atkinson said. “Coach emphasized that we need a big play out of special teams in order to get the win. That’s what we focused on all week and during the bye week.”It was the first kickoff return for a touchdown USC has allowed all year.Freshman kicker Andre Heidari was 1-for-2 on field goals for the game. Heidari missed a 37-yard field goal attempt in the fourth quarter after suffering an ankle injury to his kicking foot early in the second half.“He’s a warrior,” special teams coordinator John Baxter said. “That hurt like heck, but he did it.”Heidari is now 11-for-13 on the year.—Notre Dame wide receiver Michael Floyd was limited to four catches and 28 yards on the day, his lowest of the season since notching only four receptions and 27 yards against Pittsburgh.Floyd is one of the most productive receivers in the country, with 53 catches on the year, good for eighth in the nation.Sophomore cornerback Nickell Robey, who stands at 5-foot-8, was matched up against the 6-foot-3 Floyd for most of the game.last_img read more

Read More »

MLB hot stove: Mets, Mariners deal for Robinson Cano, Edwin Diaz official

first_img MLB trade rumors: Gary Sanchez talk ‘completely false,’ Yankees GM Brian Cashman says It’s official! We’ve acquired 8x All-Star @RobinsonCano and All-Star closer @EdiDiaz44 from Seattle in exchange for Jay Bruce, Anthony Swarzak, Gerson Bautista, minor league RHP Justin Dunn and minor league outfielder Jarred Kelenic. #Mets pic.twitter.com/h6Qd7sQvoW— New York Mets (@Mets) December 3, 2018The Mariners receive Jay Bruce, Anthony Swarzak, Gerson Bautista and minor-oleaguers Jarred Kelenic and Justin Dunn.There is also money involved in the deal as the Mariners will cover Swarzac and Bruce’s remaining contracts. The Mets will owe Cano $63 million over five years, the New York Post reported Sunday, while the Mariners will send $20 million to the Mets. Related News The Mets have acquired infielder Robinson Cano and hard-throwing young closer Edwin Diaz from the Mariners in a much talked-about blockbuster trade that finally became official Monday, after Cano passed his physical.The deal, all but completed late last week, stalled briefly entering the weekend, reportedly over how much money the Mariners would send the Mets’ way. Full deal is Diaz, Cano and $20M to #Mets for Bruce, Swarzak, Kelenic, Dunn and Bautista. Mets will pay Cano 5 yrs $63M once subtract how much owe Bruce/Swarzak plus $20M— Joel Sherman (@Joelsherman1) December 2, 2018Cano had five years remaining on the 10-year, $240 million contract he signed with the Mariners in 2014.The Post reported that Diaz and Cano will be introduced at 11 a.m. ET Tuesday at Citi Field. According to The Athletic, Cano will wear No. 24 with the Mets, just as he did with the Yankees.Blockbuster is official. Robinson Canó will wear No. 24 with the #Mets, just as he did with the #Yankees. It’s the reverse of the 42 worn by his namesake, Jackie Robinson. Wore No. 22 with #Mariners because Seattle retired Ken Griffey Jr.’s 24.— Ken Rosenthal (@Ken_Rosenthal) December 3, 2018According to MLB.com on Sunday, Diaz’s physical already was complete, meaning Cano’s was the remaining domino to fall in the blockbuster deal.Edwin Diaz’s medical information has been approved as part of the #Mets and #Mariners trade, source says, as the deal continues moving toward completion. @MLBNetwork @MLB— Jon Morosi (@jonmorosi) December 2, 2018last_img read more

Read More »