THE MUNICIPALITY of Jerusalem has unveiled plans for a 47 km four-line light rail network, to be built over the next five to 10 years at a cost of around US$800m. The government is reviewing the proposals, and the city hopes to receive approval in time to start construction at the beginning of 1998. The Finance and Transport ministries have been asked to review possible management structures ranging from a state-owned company to a municipal authority or a private company.The population of Jerusalem is expected to grow from 550000 to 900000 by 2010, and much of the growth will be concentrated in residential suburbs well-placed for high-density rail links. With car ownership well below levels found elsewhere in Israel, public transport already handles 450000 passenger trips per day. The city has been looking at metro and light rail options over the past two years, and the current package has been developed by LeMayer International and Hamburg Consult following an earlier study by Parsons Brinckerhoff.The four-line network would serve 72 stations, with short tunnels totalling 6·5 km. One route would be tunnelled under the city centre, whilst the other would run on-street through the main shopping district. Radial routes would serve the residential satellites at Ramot in the northwest, Neve Ya’akov in the northeast, Pisgot Ze’ev in the north, and Gilo in the south. One line would follow the existing Israel Railways alignment, where an intermediate service using lightweight diesel railcars is envisaged. Trains would run at 5min intervals, each comprising two 30m cars with 70% low-floors, carrying 50 seated and 200 standing passengers per car. A fleet of around 100 cars would be required, to be maintained at a depot near French Hill. o
In their draft form, the new rules were criticised by the Occupational Pension Fund Association (Tjänstepensionsförbundet) for being too heavily based on Solvency II, leading to an unnecessarily high administrative burden, high costs and regulations for the funds.Magnus Billing, chief executive officer of Sweden’s biggest pension fund Alecta, has said the EU’s IORP II regulatory framework is not necessarily relevant to Swedish labour-market pensions, and high risk-free capital requirements could end up weakening protection for consumers rather than bolstering safeguards.But even though the Finance Committee was still demanding major changes to the bill, the Riksdag adopted the new legislation, with the rules coming into force on 15 December.Sweden was facing possible penalties from the European Commission for its delay in implementing the IORP II directive.Under the new law, pension funds in Sweden that do not apply for conversion to occupational pension companies will liquidate unless they apply for a conversion to fall under Solvency II regulation, according to FI.Pension schemes with insurance business other than occupational pension services, might be forced to choose Solvency II for their total business under the new regulatory set up, according to Gunnar Dahlfors, head of analysis at Mercer Sweden.“Otherwise they would be regulated by both IORP II and Solvency II, which is regarded as too complex,” he said.Dahlfors said the conversion into occupational pension companies will impact two main areas for pension funds – capital requirements and risk management.“We don’t expect much change in the capital requirement area as the ‘traffic light’ stress test which has been in place here for the past 20 years is quite similar in nature to both IORP II and Solvency II,” he said.“The increased resources required for the risk functions are likely to be less popular with pension schemes due to the cost impact,” Dahlfors said. With two days to go before the deadline, the Swedish financial supervisory agency has now received applications from six of the country’s pension funds to convert to the new status of occupational pension company (tjänstepensionsföretag) under the new IORP II-based regulatory regime.The new act on occupational pension companies (2019:742), which puts the EU directive into Swedish law, was passed by the country’s parliament (Riksdag) in December following a long period of wrangling between stakeholders.The authority, Finansinspektionen (FI), confirmed to IPE that Kyrkans Pensionskassa, the pension fund for the Swedish Church; Försäkringsbranschens Pensionskassa (FPK) the pension fund for the insurance industry; Sparinstitutens Pensionskassa (SPK), the pension fund for savings institutions; and PP Pensions Försäkringsförening, which covers media workers, had applied for conversion to occupational pension companies.Applications from these four funds were followed this week by filings from the pension fund of Swedish bank Handelsbanken, Pensionskassan SHB, and the Volvo staff pension fund VFF Pension, FI said. The deadline for receipt of applications is 30 April.
SEARCH’s operations centre and one of Ocean Infinity’s vessels, Pacific Constructor jointly co-ordinated the mission. James Pochurek, SEARCH’s president, said: USS Nevada, launched in 1914 carried out escort duties for valuable convoys headed to the British Isles. “We are proud to have participated in this historic mission, which provides a tangible example of how technology can magnify the potential for discovery. Working with Ocean Infinity, the possibilities are limitless. “Our partnership has brought together a compliment of marine expertise through their extensive experience in marine archaeology and Ocean Infinity’s leading, technology driven, search capabilities. Credit: Ocean Infinity USS Nevada’s History As a result of the global health crisis, the ship has remained at sea on a range of taskings. The USS Nevada is one of the U.S. Navy’s longest serving battleships, and viewed as the epitome of American resilience and perseverance. Shawntel Johnson, director of Search and Recovery at Ocean Infinity, said: Following salvage operations the vessel re-joined the war effort. After WWII, USS Nevada was a target ship in the first Bikini atomic experiments in 1946, which she survived. “It has been a pleasure to work with the SEARCH team on this historically significant project. Unable to be sunk by the ships, she finally went down after an aerial torpedo on 31 July 1948. Finally, in 1948 the vessel was a gunnery practice target. “It is our hope that by sharing the USS Nevada’s story that it not only honors those who served in the Navy and fulfils an important educational role, but that in these challenging times it also serves as a symbol of perseverance and courage.” Pacific Constructor set sail for a range of commercial tasks in the Pacific in early 2020, ahead of the COVID-19. “The discovery of the USS Nevada is another reminder of the powerful human stories lying beneath the waves waiting to be re-told.” US underwater archaeology firm SEARCH and marine robotics company Ocean Infinity have made the discovery of USS Nevada. The ship was located 65 nautical miles southwest of Pearl Harbor at a depth of over 15,400 feet (4.7 kilometres). In WWII, on 7 July 1941 in the attack on Pearl Harbor, USS Nevada was the only battleship to get underway but, having been struck by five bombs, finally sank in nearby shallow waters.
Mauricio Pochettino hailed Tottenham’s attacking duo Harry Kane and Dele Alli after the pair inspired Spurs to a 3-0 win over Norwich. Kane scored twice in the first half at White Hart Lane as the striker took his 2015 tally to 27 league goals, breaking Teddy Sheringham’s club record. Tom Carroll added a third late on. Alli was instrumental in both Kane’s goals, sliding in a clever pass which led to the opener from the penalty spot before laying his team-mate on for a second on the counter-attack. Press Association The midfielder came off to a standing ovation in the second half as Tottenham moved three points clear of Manchester United in the race for the top four. “It’s fantastic the way Harry works, his character and personality,” Pochettino said. “He deserves all the praise and I am very pleased for him but I am very pleased for all the team because we work hard every day and then when we show it on the pitch it’s fantastic for them.” On Alli, Pochettino added: “He has shown his talent, character and personality on the pitch very quickly. “He has been with us only six months but it seems like he has been here 10 years, the way he plays.” The only concern for Spurs surrounds the fitness of Mousa Dembele after the Belgian took a knock to his ankle and is now struggling to be available for Monday’s game at Watford. Dembele sat out the defeat to Newcastle two weeks ago with a similar problem and Pochettino admitted the midfielder would have to be assessed. “It’s a knock on the same ankle but we hope it’s not a big issue,” Pochettino said. “We’ll assess tomorrow and see if he is ready for Monday.” Norwich started the brighter of the two teams, but failed to capitalise on their early pressure and then struggled to cope once Spurs found their rhythm. The defeat was the Canaries’ ninth of the season and Alex Neil’s side must now turn their attention to a crunch basement battle at home to Aston Villa on Monday. “In the first half there was nothing in it until they got a penalty and scored and after that they grew in confidence and were the better side,” Neil said. “We had some decent opportunities to score before they took the lead, but we didn’t take them. “In the second half there was not a great deal in it, but I thought they played well and had better quality than us. “It was a disappointing afternoon, I don’t think we played to the standards we are capable of, but I do think Spurs played very well at times.”
Paris: Swiss tennis legend Roger Federer has confirmed he will participate in the 2020 French Open, scheduled to be held here.“I will play the French Open. I probably won’t play much before that because I need some time away from it (tennis) and I need some time with the family,” the 38-year-old was quoted as saying by CNN.The 20-time Grand Slam champion had featured in the French Open after a gap of three years and went down to Rafael Nadal in the semis. Earlier, Federer had also said that he will compete at the Tokyo Olympics after Wimbledon and prior to the US Open.“We need a vacation, we need a break, and especially if I am playing the Olympics and all that. At the end of the day my heart decided to play the Olympic Games again,” he added.Federer has won all four of the Grand Slam tournaments, as well as the ATP Tour Finals six times, but is still waiting to grab the Olympic singles gold. He had won a doubles gold with Stan Wawrinka at the Beijing Olympics in 2008 but was later defeated in the next Olympics in London 6-2, 6-1, 6-4 by Andy Murray. Serbia’s Novak Djokovic and Nadal have also confirmed their participation in Tokyo 2020. IANSAlso Read: Roger Federer to Play Exhibition Duel against Zverev in ChileAlso Watch: Does Candidates from other states dominating Railway Jobs in the Northeast?
By Michelangelo JacobusFOLLOWING his ill-advised participation at a strong-fit competition in Barbados on May 5-6 which resulted in a subsequent 12-month suspension from competitions, powerlifter Carlos Petterson-Griffith has been the centre of attention in recent days with mixed reactions from the media and the powerlifting fraternity.In a bid to bring clarity to the situation, the Guyana Amateur Powerlifting Federation (GAPLF) held a press conference last evening in the Boardroom of the Guyana National Newspapers Ltd (GNNL) where it was revealed that Petterson-Griffith’s suspension is final.Constitutional violationsThe competition that he attended included a powerlifting aspect (All three lifts were done at the event: Squat, Bench Press and Deadlift) and as such, the GAPLF had to make a decision as it was found that Petterson violated both the International Powerlifitng Federation’s constitution along with the Guyana Amateur Powerlifting Federation’s constitution. In Article 14.9 of the IPF Constitution, it states, “Participating in Non-IPF Competition, any lifter, coach, referee or official who competes or participates in an international powerlifting or Bench Press competition not organised, sanctioned or approved by the IPF shall not be permitted to take part in any IPF international or regional competition for a period of 12 months from the date of that non-approved competition.” Alongside that, the GAPLF’s constitution states in Section 12, Article 1, point 4 “The stated reasons for suspension are not a closed list and the Executive members shall collectively exercise their discretion when opting to suspend a member of the GAPLF.The following may be subject to suspension: 4. Any lifter who participates in a contest with other countries without the permission of the GAPLF.”The Guyana Amateur Powerlifting Federation (GAPLF) has made the decision to not support Carlos Petterson’s trip to Worlds in Sweden, since he competed at the event without the expressed permission of the GAPLF. Petterson will not compete at the Worlds competition in June, 2019 or any other IPF- sanctioned events for a period of 12 months (May 5, 2019 to May 5, 2020).DisciplineAt the presser, in a statement to the media, the GAPLF Executive noted; “The IPF, as well as the GAPLF, stresses discipline and fair dealings with our athletes. The GAPLF, under the 2019, 2018 and 2017 executive body, has never treated any one athlete differently from the other”.It continued, “As a federation, we recognize that we are nothing without our athletes; but in promoting our athletes who are international ambassadors for Guyana, we press our athletes to display discipline, self-control and to adhere to the regulatory measures of the IPF and GAPLF”.WarningsAfter the emergence of an article in Stabroek News Sports which alleged the victimisation of Petterson, GAPLF President Ed Caesar pointed out that the embattled athlete has in the past been issued three warning letters for matters which are not related to the issue at hand.“As an executive, we have since moved forward to progressively work with Petterson to ensure that he is promoted within our sport, we recognize that his success at the World Championships would have been a success for the federation, but we refuse to allow an athlete who has been made aware on three occasions, with his acknowledgement being on record (of the exact provision, 149.9 of the IPF Constitution), to violate our rules and rest in the comfort of accusing this Executive of victimization for his blatant disregard to rules”.Caesar ended; “The Federation cannot sit back and allow this disregard for rules to persist as this will bring future consequences and further disregard by other athletes”.
(BBC) – Manchester United say the coronavirus pandemic has cost them an initial £28M – and expect the final figure to be far higher.United revealed their third-quarter results to March 31 yesterday.Chief financial officer Cliff Baty said they are set to hand back £20M in TV revenue to broadcasters even if the Premier League season is completed.United lost an additional £8M over the final three weeks of March, when they had three matches postponed.A total of 11 United matches have been postponed because of the pandemic.Speaking in a conference call after the latest financial results were released, Baty explained that Premier League television broadcasters would get £20M back from the club because of changes in dates and kick-off times resulting from the pandemic.With games called off – including matches in the Europa League and FA Cup – Baty said that sponsorship revenues had “contracted”, and that retail sales had been “impacted” with the club store at Old Trafford still closed.He added that match-day revenues were “significantly impacted”, with an acceptance games being played behind closed doors for the foreseeable future.Postponement of Tottenham game ‘cost £4M’.United have refused to put a figure on what the anticipated overall financial cost of the pandemic will be ultimately – but executive vice-chairman Ed Woodward said the major burden would fall in the current quarter, which runs to June 30.“Our third-quarter results reflect a partial impact that the pandemic has had on the club but the greater impact will be in the current quarter and likely beyond,” said Woodward.Revenues for the quarter fell by 18.7% to £123.7M. The club’s debt rose by £124.4M to £429.1M.Baty said the postponement of the Premier League trip to Tottenham on March 15 cost United £4M alone.“These are unprecedented times and we must recognise that this crisis will not disappear overnight,” said Woodward.“However, our club is built on a solid foundation. We remain firmly optimistic about the long-term prospects for the club once we have worked our way through what is undoubtedly one of the most extraordinary and testing periods in the 142-year history of Manchester United.”
AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisALPENA, Mich. — A man traveling the world to document shipwrecks has docked on the Sunrise Side. He will spread his knowledge at the National Marine Sanctuary (NOAA) on Thursday.An upcoming lecture series will feature Dr. Charles Beeker, a professor of underwater science at Indiana University.He and a number of his students are in town studying shipwrecks in the Great Lakes. Doctor Beeker will discuss one shipwreck buried eight feet deep underwater in the Dominican Republic. His talked is titled Captain Kidd and the Golden Age of Piracy.“He and his students have been documenting the shipwreck sites since it was discovered in 2007,” said NOAA’s research coordinator Stephanie Gandulla. “The infamy that surrounds this shipwreck is that it was captured by Captain Kidd, who some say was a pirate. He claimed up until his execution that he was not a pirate, so we have a fascinating story.”Doors open at 6:30 pm on July 25. Everyone is welcome to attend at no cost. The lecture will start promptly at 7. Following the program will be a Q&A session with Dr. Beeker.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisContinue ReadingPrevious Police need help finding this Alpena man, Justin AgarNext Bradley Avery Court Case
Ghanaian Athlete Martha Bissah has rejected a scholarship to go to the United States to study and develop her sporting abilities.President John Mahama said in the State of the Nation address on the 26th of February that Bissah was to be sent to the United States to continue her education and athletic training on a scholarship for winning a gold medal in the women’s 800m event at the 2014 Youth Olympics in Nanjing, China.According to the Ghana Athletics Association, Bissah was due to leave Ghana earlier this year after the necessary processes had been completed but it seems the athlete has decided to turn her back on the opportunity.It is unclear whether Bissah’s decision is out of her personal conviction or influence from her family.”The Association began the process and we tried getting Martha to buy into the idea that it was important for her to take up the opening because it would help her attain academic and sporting excellence.However, she opted out and chose not to pursue it at this point,” said Dominic Kankam the General Secretary of the Ghana Athletics Association, in an interview with Citi Sports on Tuesday. Kankam continued to say that even though the Association was disappointed with the development, it admitted that it could do nothing since Bissah’s decision was personal.”There is nothing we can do about it and we have to respect what she is saying. We tried to help her but it did not happen. Other athletes like Solomon Afrul and Mike Bruce have already left and Martha could have gone with them but she refused to do so this year.” He also mentioned that some athletes had already gone to the United States to benefit from their scholarships.Martha won a Gold medal in the Girls’ 800m race at the 2014 Summer Youth Olympics in 2014.She was invited with her family by John Mahama,the president of Ghana to the flagstaff house and was given some amount of money.
Ghana Football Association President Kwesi Nyantakyi has tasked the Black Satellites to win this year’s African Youth Championship in Senegal.The national U-20 team will leave their camping base Antalya, Turkey for the tournament which begins on Sunday. The Black Satellites won all two friendly matches against Azerbaijan and Danish lower division side Ringkobing IF.Ghana reached the final of the last tournament in Algeria in 2013 and lost on penalties to Egypt.President Nyantakyi wants coach Sellas Tetteh and his team to win the trophy.“The first task is to qualify for the World Cup and then try and annex the trophy which has eluded us since 2009,” said Nyantakyi in an exclusive chat with Joy Sports.“I believe the team is up to the task, we need to provide them the needed support and that is why we are giving them all the support they deserve. “In terms of technical expertise and financial support , you can see right away that our intention is clear and that intention is to help the team win the championship.”Ghana open their campaign against South Africa on March 9 before facing Zambia and Mali.–