January 28, 2021 /Sports News – Local Wrestling Divisional Results Brad James FacebookTwitterLinkedInEmail2-A Division A BEAVER, Utah-Thursday, Beaver High School hosted the 2-A wrestling Division A divisional.*The top eight finishers, minimum in each weight class are guaranteed places.Here are the results in the respective weight classes as follows:106 pounds1st place match: Dierk Schewes of Duchesne over Tavyn Hollingshead of Beaver (decision, 7-5)3rd place match: Dreyden Stubbs of Kanab over Kolby Jones of North Summit (sudden victory-1 8-6)5th place match: Luke Smith of North Summit over Treydon Harris of Monticello (decision, 5-4)7th place: Kensten Brown of Kanab had a bye. He advances.113 pounds1st place match: Hagen Mayer of Beaver over Kraden Skewes of Duchesne (major decision, 10-2)3rd place match: Tristan Smith of North Summit over Madex Thompson of Beaver (decision, 7-4)5th place match: bye for Kanab’s Brady Clarkson120 pounds1st place match: Bowdey Larsen of Duchesne over Ethan Crittenden of North Summit (decision, 5-1)3rd place match: Douglas Evans of Beaver over John Billings (JB) Skewes of Duchesne (fall, 2:36)5th place match: Cayson Curtis of Beaver over Paxton Christensen of Monticello (fall, 2:42)7th place match: Cordell Cluff of Parowan over Lane Simms of Kanab (fall, 3:52)126 pounds1st place match: Russell Evans of Beaver over Bronson Richins of North Summit (decision, 7-3)3rd place match: Dawson Van Tassell of Duchesne over Zac Thayn of Monticello (fall, 1:31)7th place match: Chandler Henderson of Monticello over Zander Harper of Duchesne (decision, 10-4)132 pounds1st place match: Brevin Olson of Monticello over Dusty Clayburn of Duchesne (fall, 2:17)3rd place match: Luke Browning of Kanab over Ayden Bradshaw of Beaver (major decision, 13-5)5th place match: Javlin Robinson of Monticello over Kelton Langston of Beaver (fall, 2:33)7th place match: Rhyley Brundy of North Summit over Jesse Ehrman of Duchesne (fall, 1:46)138 pounds1st place match: Kaleb Sanchez of Duchesne over Brian Evans of Beaver (injury, 1:49)3rd place match: Rusytn Joseph of Beaver over Cameron Bailey of Monticello (fall, 2:55)5th place match: Shawn Bailey of North Summit over Bryton Sudweeks of Parowan (fall, 2:47)7th place match: William Francom of Kanab over Samuel Ray of Kanab (fall, 1:03)145 pounds1st place match: Jaxon Morlan of Duchesne over Carson Reynolds of Beaver (major decision, 11-3)3rd place match: Noah Button of Kanab over Kale Lewis of North Summit (fall, 5:45)5th place match: Kutlur Matheson of Beaver over Cutler Blonquist of North Summit (fall, 1:00)7th place match: Tyler Thayn of Monticello over Trevor Evans of Parowan (fall, 0:46)152 pounds1st place match: Jackson Prescott of North Summit over Bowden Brown of Beaver (fall, 1:33)3rd place match: Tucker Blackburn of Duchesne over Kenny Thomas of Duchesne (decision, 8-7)5th place match: Breagan Lopshire of Beaver over Logan Draper of Monticello (decision, 7-3)7th place match: Thomas Fuller of Monticello over Mike Avant of Kanab (fall, 1:04)160 pounds1st place match: Bryton Langston of Beaver over Robert Musselman of Monticello (major decision, 9-0)3rd place match: Tyler Church of Kanab over Treyton Carter of Beaver (major decision, 15-6)5th place match: North Summit’s Kayden Dudley advances by virtue of a bye170 pounds1st place match: Cort Raddon of Beaver over Jaxon Verduzco of Duchesne (fall, 3:48)3rd place match: Jace Marshall of Beaver over Matagi Faavale of North Summit (decision, 4-3)182 pounds1st place match: Sheldon LeBaron of Beaver over Skyler Rees of North Summit (fall, 1:55)3rd place match: Oakley Adams of Monticello over Riley Bastian of Beaver (fall, 5:57)5th place match: Boden Mackelprang of Parowan over Max Kartchner of Kanab (fall, 3:58)7th place: Kanab’s Zack Federkeil advances by virtue of a bye195 pounds1st place match: Michael Warino of Kanab over Brett Rees of North Summit (fall, 1:16)3rd place match: Damon Munoz of Beaver over Connor Bradshaw of Beaver (fall, 1:24)220 pounds1st place match: Collin Tuff Adair of Monticello over Dylan Bartlett of Beaver (fall, 2:39)3rd place match: Liam Stephens of North Summit over Saul Ortiz of Beaver (injury, 0:59)5th place match: North Summit’s Wylee Staples advances by virtue of a bye285 pounds1st place match: Kyler Boren of Beaver over Chase Dawson of North Summit (fall, 5:59)2-A Division BSALINA, Utah-Thursday, North Sevier High School hosted the 2-A Division B wrestling divisional.106 pounds1st place match: Camden Moat of Millard over Slade Mickelsen of North Sevier (major decision, 18-6)3rd place match: Ramzi Hughes of Enterprise over Caden Adams of Millard (decision, 6-0)5th place match: Braygen Maxwell of North Sevier over Justin Goodrich of Altamont (decision, 8-4)7th place match: Michael Williams of Enterprise over Ryland Hammond of Gunnison Valley (decision, 7-3)113 pounds1st place match: Gatlen Farnsworth of Altamont over Kyle Mitchell of Millard (decision, 7-2)3rd place match: Parker Bollinger of Enterprise over Jerrit Anderson of Gunnison Valley (decision, 5-1)5th place match: Ayden Crane of North Sevier over Miles Rees of Millard (fall, 4:37)7th place match: Nate Stewart of Gunnison Valley over Cody Christy of Enterprise (fall, 3:39)120 pounds1st place match: Sam Rasmussen of Millard over Clayton Anzalene of Enterprise (fall, 3:23)3rd place match: Ruger Bagley of Enterprise over Talan Shaw of Gunnison Valley (fall, 4:47)5th place match: Josh Vang of Millard over Braxton MacArt of North Sevier (fall, 0:40)126 pounds1st place match: Conner Hem of Millard over Garrett Jensen of Gunnison Valley (decision, 8-3)3rd place match: Agustin Aguilar of Millard over Cole Adams of Enterprise (fall, 1:47)5th place match: Kevin Morrill of Enterprise over Wyatt Erickson of North Sevier (fall, 2:48)132 pounds1st place match: Tezlin Winn of Gunnison Valley over Morgan Wade of Millard (fall, 1:43)3rd place match: Kannin Boswell of North Sevier over Hayden Anzalone of Enterprise (major decision, 12-4)5th place match: Hunter Rodriguez of Millard over Zayde Walker of Altamont (fall, 4:00)7th place match: Cody Sorenson of North Sevier over Austin Rupp of Enterprise (fall, 0:23)138 pounds1st place match: Jeddy Crittenden of Enterprise over Mark Roman of Millard (major decision, 20-12)3rd place match: Lincoln Fullmer of Millard over Antonio Jaime of Gunnison Valley (fall, 2:27)5th place match: Cash Murdock of Altamont over Brayden Webb of Altamont (decision, 6-2)7th place match: Rusten Lyman of Enterprise over Tucker Prescott of Layton Christian Academy (decision, 10-4)145 pounds1st place match: Dylan Rees of Millard over Tristan Farnsworth of Altamont (fall, 2:39)3rd place match: Kelton Bastian of North Sevier over Coy Terry of Enterprise (fall, 5:06)5th place match: Brayden Gardner of Enterprise over Luke DeGraffenried of Millard (fall, 1:35)7th plce match: Layton Christian’s Petar Dakovski advances by virtue of a bye152 pounds1st place match: Braxton Messersmith of Enterprise over Easton Richins of Altamont (decision, 8-3)3rd place match: Trayton Teeples of Millard over Hunter Tullis of Enterprise (fall, 2:24)5th place match: Jake Sorenson of Gunnison Valley over Brooks Christensen of Millard (fall, 1:37)7th place match: Myers Miller of North Sevier over Cael Moore of Altamont (fall, 3:58)160 pounds1st place match: Riggin Boger of Altamont over Bryant Mullins of Altamont (fall, 5:34)3rd place match: Kelby Bosh of North Sevier over Josh Whitaker of Millard (injury, 0:00)5th place match: Samuel Rowley of Enterprise over Greg Liefting of Gunnison Valley (fall, 3:10)7th place match: Nahum Orozco of Gunnison Valley over Samuel Johnson of Enterprise (fall, 4:37)170 pounds1st place match: KC Whitaker of Millard over Emilio Jackson of Millard (technical fall, 1.5, 5:39 [21-4])3rd place match: Kyron Bracken of Enterprise over Weston Mullins of Altamont (fall, 1:26)5th place match: Koler Ludvigson of Gunnison Valley over Wesley Everett of Enterprise (fall, 3:22)7th place match: Andrea Ilari of Layton Christian over Devin Hone of North Sevier (decision, 8-4)182 pounds1st place match: Talon Belnap of Gunnison Valley over John Gates of Millard (fall, 5:48)3rd place match: McCoy Beal of Altamont over Reilly Burr of North Sevier (fall, 1:08)5th place match: Cooper Whatcott of Millard over Rhextin Simkins of Enterprise (fall, 1:00)7th place match: Enterprise’s Francisco Chavez advances by virtue of a bye.195 pounds1st place match: Danny Garcia of Millard over Dean Busher of Enterprise (fall, 0:24)3rd place match: Wade Brunson of Millard over Tanner Holt of North Sevier (fall, 2:28)5th place match: Eduardo Padilla of Enterprise advances by virtue of a bye.220 pounds1st place match: Cash Robb of Altamont over Jed DeGraffenried of Millard (fall, 0:43)3rd place match: Davis Bracken of Enterprise over Will Wescott of Gunnison Valley (fall, 1:00)5th place match: Scoot DeHerrera of Millard over Manu Vaitaki of Layton Christian (fall, 0:36)7th place match: Cael Day of Enterprise over Cipriano Valdez of Gunnison Valley (fall, 0:31)285 pounds1st place match: MacIntyre Thacker of Altamont over McCoy McKinnon of Altamont (fall, 3:22)3rd place match: Zech DeHerrera of Millard over Tye O’Hanley of Enterprise (fall, 4:54)5th place match: Jonathan Roman of Millard over Clayton Duckworth of North Sevier (fall, 1:58)7th place match: North Sevier’s Walker Andreason advances by virtue of a bye. 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Back to overview,Home naval-today USS Makin Island Underway Following Four-Day Port Visit to Sepangar View post tag: News by topic The amphibious assault ship USS Makin Island (LHD 8) is underway following a four-day port visit to Sepangar, Malaysia, May 18-21.The port visit served not only as a break for the crew after more than four months of conducting maritime security operations in the U.S. 5th Fleet area of responsibility, but also as part of the U.S. Navy’s ongoing commitment to theater security cooperation and partnership with allied navies to promote peace and stability in the Asia-Pacific Region.More than 2,000 Makin Island Sailors and Marines from the embarked 11th Marine Expeditionary Unit experienced the Malaysian culture, took part in a community service project and participated in numerous Morale, Welfare and Recreation tours.“Our port visit to Malaysia was both rewarding and relaxing,” said Capt. Cedric Pringle, Makin Island’s commanding officer. “Our rewards were tied to the numerous engagement opportunities with one of our strongest partners in the Southeast Asia region.”Pringle said tours of Makin Island for more than 100 Malaysian officers and enlisted personnel were reciprocated with Makin Island officers touring the Malaysian submarine Scorpene SS. A golf tournament and a soccer match were also engagement highlights of the visit.“Additionally, relaxation for more than 2,000 Sailors and Marines was available through a wide variety of activities available in Kota Kinabalu which ranged from diving to shopping to mountain climbing,” said Pringle. “Overall, this was one of our most fulfilling port visits to date.”On a broader note, Pringle also acknowledged the value of Makin Island’s visit to U.S. Pacific Command theater-level operations.“Our engagement with the Royal Malaysian Navy increases opportunities for other large U.S. ships to visit Kota Kinnabalu. The city is perfectly located for westbound or eastbound deployers to take advantage of additional training opportunities and well-deserved liberty,” said Pringle. “We are proud to work with the Royal Malaysian Navy, and I hope they enjoyed visiting our ship as much as we enjoyed visiting their country.”During the port visit, 40 Sailors and Marines also took part in a community service project at Bukit Harapan Therapeutic Community children’s home in Kota Kinabalu, May 19. “I went in order to provide manpower and help to those in need, but walked away feeling like I was the one who truly benefited,” said Cmdr. Dwight Horn, Makin Island’s command chaplain who organized the project. “I was so moved to be at this ministry that reaches out to those who otherwise would not have a home and who would be left on the streets.”Horn said there were two types of work done during the project. The first was interaction with the children that consisted of games, drawing, songs. The second part was clearing a drainage ditch of sediment that had built up from erosion.“I was profoundly humbled when I tried to provide compassion to the leaders of this organization, assuming that they would have numerous needs and difficult challenges, only to be told that they were entirely content in their faith,” added Horn. “Most Americans would have complained endlessly at the challenges and conditions but these people were content to love, unbelievable. I will forever be moved.”Horn said that the organization was extremely thankful for the arduous work performed by the group of Sailor and Marine volunteers.“To see the Marines and Sailors loving the children and making their lives better in those moments was electric,” said Horn. “To see the incredible, difficult work that was done, being a part of it first hand, and then to see the completion of that project was extremely gratifying.”Sailors and Marines who participated in the project said they also found it to be rewarding.“The highlight of the event for me was seeing a very young girl’s interaction with a Marine,” said Aviation Structural Mechanic 3rd Class Matthew G. Alexander, a Makin Island Sailor who participated in the community service project. “She had taken his cover and his blouse and put it on and continued to dance and sing with the Marine. Seeing the happiness in the young child was a great reward.”Alexander said his role in the project was helping to clear mud, weeds and other debris from a drainage ditch on the property to help prevent flooding during the rainy season.“I am constantly looking for opportunities to help those that are less fortunate because it was not too long ago where I was in a similar position,” said Alexander. “I just feel like I need to give back to the world.”Makin Island is the first U.S. Navy ship to deploy using a hybrid-electric propulsion system. By using this unique propulsion system, the Navy expects, over the course of the ship’s lifecycle, to see fuel savings of more than $250 million, proving the Navy’s commitment to energy awareness and conservation.This initiative is one of many throughout the Navy and Marine Corps that will enable the Department of the Navy to achieve the Secretary of the Navy’s energy goals to improve our energy security and efficiency afloat and ashore, increase our energy independence and help lead the nation toward a clean energy economy.Makin Island is the flagship of the Makin Island Amphibious Ready Group that is currently deployed to the U.S. 7th Fleet area of operations.The 7th Fleet area of operations includes more than 52 million square miles of the Pacific and Indian oceans, stretching from the international date line to the east coast of Africa, and from the Kuril Islands in the north to the Antarctic in the south.[mappress]Naval Today Staff , May 24, 2012; Image: US Navy View post tag: Following View post tag: Four-Day View post tag: Island View post tag: Navy View post tag: USS View post tag: Makin May 24, 2012 Training & Education View post tag: Sepangar View post tag: port View post tag: Visit View post tag: Naval USS Makin Island Underway Following Four-Day Port Visit to Sepangar View post tag: underway Share this article
Witches, goblins, vampires and princesses ran through the dorms at Saint Mary’s on Sunday night as faculty and members of the local community brought their children to trick-or-treat at the College. The Resident Hall Association (RHA) sponsored the event through the dorms. Junior Gina Althoff, a resident advisor and RHA all-school formal chair, greeted the trick-or-treaters at the front desk in Regina Hall on Sunday night. “We extended a special invite to the Saint Mary’s trick-or-treating to our service partner, South Bend’s Center for the Homeless,” Althoff said. “We saw a large turnout from the Center and were excited to be able to provide a safe and fun event for those children. It was also a unique opportunity to see professors and other staff members with their families.” Biology professor Ryan Dombkowski and his wife brought their 2-year-old son Reece to trick-or-treat around the College campus. “It’s nice to not have to worry about weather, cars, crossing the street and other safety issues,” Dombkowski. “It’s great to see all the students get involved.” Welcome Center receptionist Ann Sheldon brought her daughter, Lauren Sheldon Ogren ’07, and grandson to LeMans Hall for candy. “My daughter is Saint Mary’s graduate,” Sheldon said. “She always gave out candy to the trick-or-treaters as a student, but now it’s her first time bringing her son around. It’s part of continuing the tradition.” Eight-year-old Zach Toul sported fangs and a cape for his vampire costume. “Vampires are so cool and scary,” Toul said. “I came to Saint Mary’s last year and got lots of candy, so that’s why I wanted to come this year. Oh, and my grandma works here.” Students said they enjoyed trick-or-treating just as much as the children. Junior Caroline Keep opened her door and dressed as a peanut M&M for trick-or-treat night. “When I was little, I went trick-or-treating at the college my mom worked at,” Keep said. “I knew I wanted to give out candy to the kids.” Junior Liz Kraig enjoyed decorating her room in celebration of Halloween. “I love giving out candy and seeing the kids’ costumes,” Kraig said. “It’s just a really fun event for all of us.”
Show People will return with Tveit answering your questions on July 3. Fun fact: Tveit is the most-watched guest ever on the Broadway.com talk show from his last appearance in January 2013 (relive him teaching us all how to say “Enjolras” below!). Will he break his own record this time? With your help, he might! Star Files Listen Up, Tveitertots! After a few weeks off, Show People with Paul Wontorek is coming back—this time with a very special returning guest! Broadway fave and Graceland star Aaron Tveit will make his third appearance on Broadway.com’s talk show. Cue squeals. To make his third time sitting down in the studio with Editor-in-Chief Paul Wontorek extra special, Tveit will answer some fan questions. If you have something you’ve been dying to ask the Les Miserables star, film a video of yourself asking a question and post it on Instagram with the hashtag #AskAaron by Thursday, June 26 at 3PM. Video marriage proposals are off the table. Sorry, ladies (and gents.) But questions about his budding modeling career are fair game. Look good for him, because your video might just appear on the show! View Comments Aaron Tveit
Tony winner Catherine Zeta-Jones and Michael Douglas traded Hollywood for Agrabah on April 19! The screen stars saw a matinee performance of Aladdin for their daughter Carys’ birthday, starring Adam Jacobs and Courtney Reed. After the show, Zeta-Jones, Douglas, Carys and her friends stopped backstage to greet the stars and get a tour of the New Amsterdam Theatre. Check out this Hot Shot of their visit, then see the “shining, shimmering, splendid” magic of Aladdin in person on Broadway. Related Shows View Comments Aladdin from $57.50
Shrubs and stumpsAlthough holly shrubs may win you ‘lawn of the month,’ Forschlersaid, hollies planted along your house line can lead to termitesthere.”You plant a small holly bush, and in seven years it blocks theview of the foundation,” he said. “When termites tunnel throughthe ground, they like to follow roots, and these can lead themright into your home’s foundation.”Rid your landscape of anything termites would consider food,Forschler said. “If you have stumps in your lawn, get rid ofthem,” he said. “Rent a stump grinder if you have to. The costwill be worth it in the long run.”Despite having studied termite biology and behavior for the past14 years, Forschler admits to leaving termite food in his lawn once.”I had a new roof put on my house, and the leftover shingles weresitting on a wooden pallet beside the driveway,” he said. “A fewmonths later, when I got around to removing the shingles, Idiscovered termites living in the pallet.” Call a professionalIf, despite your efforts, you have a termite infestation, seek alicensed pest-control operator, Forschler said.”First and foremost, try to choose a pest-control operator whosecontract includes a damage-repair warranty,” he said. “In otherwords, if termites damage the house after the treatment, thepest-control operator will repair the damage at no cost. This isyour insurance that the pest-control operator is doing everythinghe can to protect your home as if it were his home.”Forschler says if a damage-repair warranty isn’t available, makea point to be present when the termite inspection takes place.And take an active part in the process.”I guarantee you that every home landscape in Georgia, from themountains to the coast, has termites living in it,” he said. “I’ve taken samples (from home lawns) all across the state, butrarely do I find a structure infestation.”Ridding the world of termites is “a pipe dream,” he said.”We’re never going to kill them all,” he said. “We just have tofocus on keeping them away from structures while keeping an eyeon yard termites.” Search out moistureTo reduce moisture around your home, you have to know how todetect the signs of moisture problems.”If you see mushrooms cropping up alongside the foundation ofyour home, you likely have a moisture problem in that area,”Forschler said. “Or, if you have tiny trees growing in yourgutter, it’s time to clean them out.”Another problem moisture site is your air-conditioner drip line.Forschler suggests making sure your gutters and A-C drip linedrain away from your house.”Don’t aim sprinkler systems toward the house, either,” he said.Inspect your home, too, he said, to make sure no wood or foamboard insulation contacts the ground. By Sharon OmahenUniversity of GeorgiaInspecting your landscape for termite-attracting features couldreduce your chances of inviting the tiny destroyers into yourhome and your wallet.”Termites need moisture and food to survive,” said BrianForschler, an entomologist with the University of Georgia Collegeof Agricultural and Environmental Sciences. “So homeowners needto make a conscious effort to reduce conditions around theirhomes that attract them.”
There are a lot of moving parts to consider when creating a successful marketing plan. As a matter of fact, it can be quite overwhelming. It’s easy to go over budget or find yourself missing a vital piece of your plan. That’s why we’ve put together a handy checklist that’ll streamline the entire process:First and foremost, you should establish goals and objectives for your credit union. Where are you now, and where do you want to go? Ideally, these should tie into the organizational goals and metrics as they relate to driving products and member growth.At least from a high-level standpoint, you’ll want to consider your credit union’s brand. Even if your brand is well established, is it still an outward extension of your ‘why’? Does it need to evolve in order to appeal to a new audience group? Are you a community CU, but your name and brand are still tied to your original SEG? Asking these questions will help ensure your brand and all of its channels and assets are driving results. continue reading » 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
“We know that there is an element of risk in the way we play. We play a very high line and it’s not easy to defend, but we will analyze it and try to do better against Paris,” admitted David Alaba.It promises to be a fascinating final, between two super-clubs who gorge on winning everything domestically to the extent that one defeat in Europe can become an all-consuming drama.PSG have won seven of the last eight French titles and have just completed a fourth domestic treble in six seasons.Bayern are fresh from winning the German league and cup double. They have won the Bundesliga in the last eight seasons. These are the fourth and fifth-richest clubs in the world, according to the most recent Deloitte Football Money League.Bayern’s turnover last season was 660.1 million euros ($781.9m). PSG, propelled to the forefront of the European game under Qatar’s ownership, were just behind with 635.9 million euros. Only Barcelona, Real Madrid and Manchester United stood above them.The stage is set, then, for a super-club showdown between two teams not used to failure. The Bavarians are the first team to win their first 10 matches of a Champions League campaign and now hope to make it 11 out of 11 when they face PSG. They exude confidence, as you would expect for a side on a run of 20 straight victories overall.”Nobody scares us, we are Bayern Munich. We have had a great season and now we need to finish it off by winning the Champions League,” said defender Benjamin Pavard.But Bayern are clearly vulnerable. They play with a such high line that there is always a risk they will be caught out.Memphis Depay and Karl Toko-Ekambi both missed glorious chances to put Lyon ahead before Gnabry opened the scoring. Kylian Mbappe, Neymar or Angel Di Maria may not be so profligate come Sunday. Topics : Lyon set to sell stars Bayern have won the trophy five times before although they have also been losing finalists on five occasions, including twice in the last 10 years.They know how painful defeat in a Champions League final is. PSG, on the other hand, are preparing for their first ever final in the competition. But they will not be there just to enjoy the occasion.Even super-clubs cannot take getting to a Champions League final for granted. But both are powerful enough to know they will probably get the chance again in future.For Lyon, in contrast, such a stage is maybe just beyond them. Twice now they have got to the semi-final only to be well beaten by Bayern.The biggest consequence of their exit is that, having performed poorly in Ligue 1, they will not be in Europe at all in the new season.Even for a club ranked 17th on Deloitte’s rich list, that is likely to spell trouble, and they will be tempted to sell some prized assets.The transfer window in Europe will be open until early October this year and the continent’s giants are well aware of the talent in Rudi Garcia’s team. Houssem Aouar and Moussa Dembele were already being linked to moves elsewhere before starring in Lisbon.”We have the basis of a good side. There will be departures but I am not worried about that,” said Lyon sporting director Juninho.”When you have players who have played really well in the competition like Houssem and Moussa, you risk losing some players.” Bayern Munich’s astonishing form under Hansi Flick has taken them to the brink of a treble after they dispatched Lyon 3-0 in Wednesday’s Champions League semi-final, and the stage is now set for a fascinating final battle between the German giants and Paris Saint-Germain.”This is what you dream of as a footballer –- playing against the best in Europe. And we’re able to do that, I’m excited,” Bayern’s Canadian full-back Alphonso Davies told BT Sport.Flick’s team once again confirmed what an unstoppable attacking force they can be at the Estadio Jose Alvalade as Serge Gnabry’s first-half brace took the Germany winger to nine in nine Champions League appearances this season and Robert Lewandowski’s late goal left him on 55 altogether for the campaign.
It also expressed a preference for shareholder engagement over divestment, noting that dialogue should be “the first call to action and the most constructive form of communicating concerns”, an ethos that would potentially pave the way for a re-admittance of the tobacco stocks following a two-year study.According to a paper by its consultants Wilshire Associates, its exposure to stocks would account for around $1bn of its $156bn global equity portfolio.The same study also estimates that CalPERS has lost at most $3bn from its divestment decision, and that its continued divestment would lead to a portfolio discrepancy of $172m during one out of every 20 years.Despite the returns foregone, and seeing engagement as preferential to selling stakes, the fund’s revised investment policy still allows for divestment of individual firms, even where it clearly views such sales as problematic.It notes, for example, that, in some instances, the fund’s fiduciary duty might allow a ban on acquiring any greater stake in a firm but not its complete sale.Divesting certain industries or companies has shifted back into the limelight in recent months, as pension and other institutional investors push ahead with bans on high-carbon companies, such as utilities and certain mining firms.Risk versus returnsCalPERS is likely to view the sale of coal holdings as a more cut-and-dried situation, and the fund is indeed among numerous investors to have sold out of thermal coal over the last year after the Californian government passed a law banning coal holdings for CalPERS and the California State Teachers’ Retirement System.However, the sale of coal holdings can easily be viewed as reducing risk, without sacrificing returns, two areas highlighted by CalPERS in its policy on divestment.As Danish provider PKA shows, its decision to sell stakes in select coal companies saved it from exposure to a 70% decline in their share price.The provider is expanding its engagement progamme with companies drawing revenues from coal and says it will divest those that fail to put in place a policy that reduces reliance on the asset.The tobacco industry – unlike the coal industry, faced with a global consensus to lower carbon emissions that casts doubt on long-term profitability – still enjoys profits despite attempts by governments the world over to reduce smoking. If CalPERS continues to shun the sector, it is likely to continue to forego returns needed to pay pensions.But CalPERS is by far not the only fund to divest tobacco. The Dutch pension manager PGGM, which largely manages money for healthcare sector fund PFZW, no longer invests in the industry, citing companies’ reluctance to engage on concerns around child labour and marketing targeted at young people but also the “problematic” relationship smoking enjoys with its membership in the healthcare sector.Norway’s Government Pension Fund Global has also excluded some of the largest tobacco manufacturers, including Philip Morris, since 2009.Local government pension schemes (LGPS) in the UK were advised in 2014 that they could divest tobacco on the grounds of its health impact. But they faced a problem similar to the one facing CalPERS, loath to deny their membership returns, even where local authorities were now directly responsible for healthcare.“The [LGPS] administering authority’s power of investment must be exercised for investment purposes and not for any wider purposes,” an opinion by Nigel Giffin QC, prepared for the then-shadow LGPS Advisory Board concluded. “Investment decisions must therefore be directed towards achieving a wide variety of suitable investments, and to what is best for the financial position of the fund (balancing risk and return in the normal way).”Unlike exclusions based on the grounds of carbon footprint, the exclusion of tobacco companies is a trickier issue when examined through the prism of profit. But investors should question whether any companies – if excluded solely for health reasons, for producing unhealthy goods – should be admitted, and perhaps consider, for example, a health-based sin-stock exclusion. That or companies must be called out for other ethical breaches, such as the concerns around employment cited by PGGM for its exclusion.Alternatively, funds must canvass their members for their opinions on tobacco and see whether they wish to exclude it, regardless of the potential cost. One of the world’s largest pension investors might soon reverse a long-standing decision to divest tobacco. Should it re-engage with the industry, simply in a pursuit of profit, asks Jonathan WilliamsOne of the world’s largest pension funds, the California Public Employees’ Retirement System (CalPERS), may soon reverse a 15-year-old decision to divest tobacco after research showed it had foregone $3bn (€2.6bn) in returns.The $293bn fund’s investment committee on 19 April signed off on a two-year study into the re-admission of 22 tobacco stocks, allowing it to canvass its stakeholders over the change in strategy.In papers prepared for the committee, CalPERS admitted that the question of whether to invest or divest various sectors, including tobacco, had become a “difficult and complex issue”.
The UK’s fractured defined benefit (DB) pensions sector is fighting for survival as it battles to plug funding gaps and address the growing gulf between younger and older workers, according to consultancy LCP.In the firm’s 24th Accounting for Pensions survey of FTSE 100 company DB disclosures, LCP partner Bob Scott said the sector had “reached a tipping point”.“The measures that companies have been taking, such as putting a cap on pay rises, reducing accrual rates, or increasing retirement ages, have nonetheless left them with a sizeable annual pensions bill,” Scott said.According to the survey, FTSE 100 companies have pumped £150bn (€168bn) into their legacy DB schemes to go backwards over the past decade. The findings come as the UK’s leading companies battle a prolonged low-interest rate environment and face up to a looming accounting rule change that could see billions piled onto corporate balance sheets.Graham Vidler, director of external affairs at the Pensions and Lifetime Savings Association, backed the LCP findings.He said: “The evidence in the LCP survey supports the view that the current DB system isn’t fit for the future.”Vidler warned: “The need to pay for past promises could divert employer resources away from the investment necessary to ensure their firms’ future.”The PLSA has been campaigning for rule changes to allow small schemes to merge and potentially benefits from increased scale.According to LCP, a UK sponsor must pay in 55% of annual salaries on average to fund a typical DB final salary scheme. This compares with the current minimum contribution of 3% into auto-enrolment defined contribution schemes.Scott said: “As long as we have continued low interest rates and, indeed, even lower rates, DB sponsors will be under continued pressure to put more and more money into their schemes.“This will have several effects. If money is going into legacy DB schemes, that is money that cannot be used for any other purpose.The LCP funding snapshot broadly echoed the landscaped sketched out in KPMG’s 2016 Pensions Accounting Survey.KPMG’s number crunchers reported in June that sponsors had made little progress towards plugging the aggregate DB funding gap over the past year.LCP’s Scott went on to warn that the DB funding challenge added up to a huge intergenerational gap.“Companies are now under pressure to provide benefits for people aged 40 and over at the same time as they are less able to fund decent benefits for younger members of their workforce,” he said. “This all comes against the backdrop of people saving too little for their retirement.”Meanwhile, LCP also flagged up possible changes to the IFRIC 14 asset-ceiling guidance as a looming headache for DB sponsors as they battle their legacy funding hangover.Scott said: “This is a serious issue. If the International Accounting Standards Board goes ahead with the amendments that they are suggesting, they will have a disproportionate impact in the UK compared to other jurisdictions.“These changes could see companies add billions to their balance sheets. As many as two thirds of UK DB sponsors could be affected by these amendments.”