News Cho Jong Ik NK Steps Up Boat Checks in West Sea Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak News There are signs that North Korea is running into serious difficulties with its corn harvest North Korea has stepped up its patrols along its maritime border with South Korea in an apparent attempt to put a block on the increasing number of maritime defections taking place in recent monthsLast year, just 9 maritime defections were recorded spanning 5 cases; conversely, although this year has only seen one more case, the number of people defecting has ballooned to 73According to a high-level source inside the South Korean government who spoke with Daily NK on the 27th, North Korean has enhance patrols around Haeju, and the Kangryeong Peninsula, which face the Northern Limit Line (NLL) in the West Sea. It is to block coastal defections and also to inspect small boats which are suspected of being used for defection,” according to the source.“The North Korean patrol ships have put aside surveillance of illegal fishing by Chinese fishing boats near the Northern Limit Line (NLL) and moved to focus on coastal patrol activities,” he continued.A different government source also commented, “Last month on the 30th, 21 people aboard a small ship defected across the NLL and communication traffic was busy and the order to reinforce patrols was handed down to the North Korean coastal patrols and ground forces.”On this, one Hwanghae Province source told the Daily NK, “Crackdowns on and inspections of fishing boats have been very strict this year, in particular, border guard units and Defense Security Command ran some special inspections from June to September as cases of defection by boat occurred”The checks include those for undeclared individuals on board along with illegal products such as drugs and firearms. However, when there are crackdowns those with good connections in the Ministry of the People’s Armed Force or Defense Security Command get notice beforehand and are able to prepare.However, the sources said because of the recent increasing number of coastal defections, Defense Security Command and the border guard inspections have been enforced and roughly 10% of those ships run by individuals have been confiscated. By Cho Jong Ik – 2011.11.28 11:52am Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR News News North Korea tries to accelerate building of walls and fences along border with China SHARE
James Langton OSC adds three to IAP IOSCO first published guidance in this area back in 1996. However, it says that events such as the bankruptcies of Lehman Brothers and MF Global, along with the Madoff fraud, have called for greater attention on CIS asset protection regimes. Moreover, markets have changed significantly since then. For instance, it notes that fund managers tend to invest more in complex instruments today than they did back in the 1990s. And, it says that the increased diversity in their portfolios has increased the use of sub-custodians in foreign jurisdictions, resulting in longer, more complex chains of custody. Additionally, the widespread use of electronic recordkeeping to register and track ownership changes in securities is “transforming market practices and processes, creating new challenges and risks”. The paper also follows a survey of 27 jurisdictions that sought information about the legal, regulatory and operational landscape for asset safekeeping. Based on the results of this work, it proposes nine principles aimed at identifying the core issues that regulators should be reviewing. IOSCO is seeking comment on the paper by December 10, with a view to finalizing a report and adopting a new set of principles. FCA seeks consumer duty standards In the wake of traumatic market events, such as the failure of Lehman Brothers and the Madoff fraud, global securities regulators are considering a new set of principles designed to ensure the safekeeping of client assets. The International Organization of Securities Commissions (IOSCO) launched a new consultation paper today proposing principles to govern the custody of assets held in “collective investment schemes” (CIS), such as investment funds. IOSCO says that the report is seeking feedback from investment managers, custodians, institutional investors, and others on developing a set of principles to ensure the segregation and protection of client assets. Facebook LinkedIn Twitter After pandemic’s liquidity storm, possible fund reform Share this article and your comments with peers on social media Related news Keywords Securities regulations, Investment funds
Share this article and your comments with peers on social media Benjamin Tal Video Player is loading.Play VideoPlayMuteCurrent Time 0:00/Duration 3:54Loaded: 0.00%0:00Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -3:54 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button. Facebook LinkedIn Twitter
Facebook LinkedIn Twitter Wellington-Altus adds new business line with acquisition of TriVest Wealth IE Staff bacho12345/123RF Share this article and your comments with peers on social media Invesco Ltd. announced changes to the Invesco Fixed Income (IFI) team on Monday. Jennifer Hartviksen will no longer serve as portfolio manager for IFI, effective Dec. 31. CI Investments shakes up portfolio management The Invesco Global High Yield team in Canada will continue to be led by Joseph Portera, chief investment officer of Invesco High Yield and Multi Sector Credit. Portera is the lead portfolio manager on both the Invesco High Yield Fund and Invesco Multi Sector Fund. Industry seeks clarity on MFDA proposal regarding discretionary trading Related news Keywords Portfolio managersCompanies Invesco Canada Ltd.
Related news Share this article and your comments with peers on social media CPP Investments main fund recovers from slump in late March Canadian Press The Quebec government has selected a relative newcomer at the Caisse de dépot et placement to succeed Michael Sabia as its new head.Charles Émond, 47, is poised to take over as president and chief executive of the province’s pension fund manager. Viktor Thaut/123RF AIMco names new board chair Premier Francois Legault confirmed the appointment in a tweet Wednesday afternoon.Émond moves up from his role at the Caisse as senior vice-president overseeing Quebec, private investments and strategic planning.Previously he spent 18 years at Scotiabank, where he served as global head of merchant banking and capital markets and oversaw Canadian corporate banking at Scotia Capital.Sabia, 66, announced in November he would move on from the Caisse after more than 11 years at the helm to become head of the Munk School of Global Affairs and Public Policy at the University of Toronto.He had been appointed to lead the institution after it was shaken by the financial crisis, which resulted in $40 billion of losses.Under Sabia’s guidance, the Caisse says it has produced annual returns of 9.9% over 10 years, while the size of its net assets has almost tripled to about $330 billion.Over the last decade, the institution has diversified, focusing particularly on sectors such as infrastructure and private equity, while continuing to invest in real estate and adjusting its strategy. Investments outside of Canada now represent about two-thirds of Caisse assets compared to less than half 10 years earlier. Ron Mock joins C.D. Howe Institute as senior fellow Facebook LinkedIn Twitter Keywords PensionsCompanies Caisse de dépôt et placement du Québec
Published: Feb. 22, 1999 Kuan Yi Rose Chang, director of the Anderson Language Technology Center (ALTEC) at CU-Boulder and an adjunct faculty member in East Asian languages and civilizations, will receive the Friend of Foreign Languages Award Feb. 25 from the Colorado Congress of Foreign Language Teachers.The award is one of six that will be presented to foreign language faculty and schoolteachers by CCFLT at its annual awards luncheon at the Adam’s Mark Hotel, 1550 Court Place, in Denver.ALTEC provides technical support for enhancing foreign language instruction at CU-Boulder through audio, video and computer technology.The Friend of Foreign Languages Award is given to people who support foreign language instruction through their work. Last year’s award went to William “Gully” Stanford of the Colorado Department of Education.According to the nominating letter, Chang facilitated a wide range of activities in support of foreign language instruction including bringing speakers and workshops to CU-Boulder to keep language faculty abreast of new developments; encouraging language faculty to present papers on teaching and technology to CCFLT and providing computers for their presentations; encouraging graduate students to present papers for the conference and paying their registration fees and expenses; helping Colorado State University with flood damage and providing native speakers to support a technology project at the Air Force Academy; and creating a consortium of language teachers at colleges and universities throughout Colorado called COLTEC, Colorado Language Technology Consortium.Chang is an adjunct professor in the department of East Asian languages and civilizations at CU-Boulder, in addition to serving as director of ALTEC. She teaches Chinese to faculty and staff and a graduate course on multimedia applications in foreign language education.Chang, a native of Taiwan, has been director of ALTEC at CU-Boulder since fall 1996. Prior to coming to CU, Chang was assistant professor of foreign language education and director of the Computer Assisted Language Learning Laboratory at West Virginia University.Chang earned her bachelor’s degree in Spanish from Wesleyan College, her master’s in teaching English as a second language and Spanish from Southern Illinois University in Carbondale, and her doctorate in foreign language education from Purdue University. Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail
Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: July 21, 2007 MEDIA ADVISORYJuly 23, 2007Media covering the special meeting of the University of Colorado Board of Regents meeting on Tuesday, July 24, at the University of Colorado at Boulder’s University Memorial Center should be aware of the following information. CU-Boulder Professor Ward Churchill has requested a hearing in front of the Board of Regents based on CU President Hank Brown’s recommendation to dismiss him. Regent policy provides Professor Churchill an opportunity to request a hearing before the Board during executive session. Media should note the following:o All media representatives of news agencies must present identification and proof of media affiliation. These would include a Colorado Press Association ID card or an agency-specific ID card with photo, or photo ID to supplement a press ID that lacks a photo. This includes beat writers, broadcasters, columnists and photographers;o Due to the high volume of accredited media requests to cover the meeting, only accredited members of the news media will be afforded access to the press conference hosted by President Brown and Regents’ Chair Pat Hayes following the board’s vote in public session. Independent journalists, independent filmmakers (those unaffiliated with media networks or organizations), bloggers and Web site hosts are free to observe the morning public session of the board at 8 a.m. and the board’s public session later in the afternoon. Individuals who fit in these categories are also free to view the press conference by CU President Hank Brown and CU Board of Regents Chair Pat Hayes online at the CU System Web page at www.cu.edu.o Media check-in will begin at 6:30 a.m. in University Memorial Center room 235. Please have your credentials ready to present to CU media relations staff at that time. Again, photo identification is required, please do not rely upon visual recognition of staff or past familiarity to gain entrance to the day’s events;Video and Audio Stream: A video stream of the Board of Regents public session and afternoon public session and press conference can be accessed at www.cu.edu. Background archival information on the Churchill matter can be obtained by visiting www.colorado.edu/news/reports/churchill/.Any questions on these or other parameters of media coverage should be directed to Bronson R. Hilliard, director of media relations, University of Colorado at Boulder, at (303) 818-7496.
Women to benefit from ‘Way Out’ project to be launched March 8 CultureMarch 7, 2011 FacebookTwitterWhatsAppEmail Thousands of Jamaican women could benefit economically from a project to be launched this week by the Government. The project, titled: ‘The Way Out: Jamaican Women’s Political and Economic Empowerment’, will be launched on International Women’s Day, Tuesday, March 8, under the theme: ‘Education and Training: Decent Work for Women’. Speakers will include the Minister of Youth, Sports and Culture, Hon. Olivia Grange who has responsibility for women and gender affairs; wife of the Governor General, Her Excellency the Most Hon. Lady Allen; and Chief Executive Officer, Dispute Resolution Foundation, Donna Parchment Brown. Executive Director of the Bureau of Women’s Affairs, Faith Webster tells JIS News that the project is aimed at improving the economic and personal development of over 4,000 unemployed and under-employed women, including persons who are informal sector entrepreneurs and household workers. She notes that skills training will be organised for at-risk women, who may have dropped out of school for a number of reasons. “Not everybody gets into the Women’s Centre Foundation of Jamaica, so we have to identify these women to see how we can help them to improve their skills level as well as to empower them,” she adds. Miss Webster cites the difficulties faced by some women when they are not trained. “They end up in low paying occupations, not only low paying jobs, but sometimes the treatment in these low paying occupations and the environment in which they work is really not very conducive to one feeling a sense of dignity and pride,” she adds. The project, which will be funded by a grant from UN Women, formely the United Nations Development Fund for Women (UNIFEM), through its fund for Gender Equality, will be implemented by the Bureau, in collaboration with the Dispute Resolution Foundation. As part of the ceremony, there will also be the launch of the National Policy for Gender Equality (NPGE), which was recently approved by Parliament. The policy aims to set a framework for gender equality. It addresses critical gender inequality issues and seeks to address systemic imbalances facing both men and women. Miss Webster points out that the 32-month Way Out project will seek to initiate implementation of key aspects of Jamaica’s NPGE, while seeking to increase the political and economic power of the women to be targeted. The project, which comprises several phases, will also place emphasis on increasing the capacity of the public sector to lead gender mainstreaming across all sectors by equipping key ministries, departments and agencies with gender analysis tools. According to Miss Webster, 150 key entities will be targeted to promote gender awareness and to increase the knowledge and capacities of women leaders. Persons in at least 35 private sector entities will be trained in gender mainstreaming, collecting sex disaggregated data, gender responsive budgeting, gender responsive planning and mediation. “Work has been taking place at the governmental level, in terms of gender mainstreaming and we also intend to continue to train those who have not been sensitised,” she informs. She adds that the NPGE will assist in the process by ensuring that the specific needs of men and women are integrated in policies, programmes and plans. “Gender mainstreaming is a strategy that we will be using in order to promote gender equality,” Miss Webster explains. The Way Out project will offer leadership training and development of women from all walks of life and some 160 women will be targeted for leadership training, so as to encourage their participation in decision making in the spheres of the country. “We want to work with women who have expressed an interest in politics and other areas of society. We want to help them to develop skills in those areas,” Miss Webster says. Pointing to the need for women to be trained, she argues that women sometimes work twice as hard as men to show their capabilities. Members of the media and men will also benefit from the project. Gender awareness training will be arranged for some 40 members of the media as well as 200 men in an effort to ensure that the society accepts the increase of women in leadership positions. She notes that even though statistics are showing that more women are accessing tertiary level education, they are not being represented at the highest levels of decision making in the country. “In the Cabinet, we only have two women,” she tells JIS News. Mediation training will also be held for 280 men and women who will become trainers in their communities and organisations, while promoting gender awareness and equality issues. RelatedWomen to benefit from ‘Way Out’ project to be launched March 8 Advertisements RelatedWomen to benefit from ‘Way Out’ project to be launched March 8 By: Elaine Hartman Reckord RelatedWomen to benefit from ‘Way Out’ project to be launched March 8
RelatedPrime Minister Golding Announces Cabinet Changes Tell Employees How Transformation Will Affect Them – Minister Williams urges Public Sector Heads Office of the Prime MinisterNovember 7, 2011 FacebookTwitterWhatsAppEmail Minister with responsibility for Information and the Public Sector, Senator Arthur Williams, has urged Permanent Secretaries and public sector heads to let employees know the impact that government’s transformation changes will have on them and their work. He was speaking this morning (November 7), at the opening of the first in a series of workshopsat the Management Institute of National Development (MIND) in Kingston. The workshops are intended to strengthen change-management teams – called Inter Disciplinary Transformation Teams (IDTTs) – at the four lead ministries of government’s transformation programme. “These teams will be central to the changes that are taking place in all organisations, and they are supposed to convey such changes to all their colleagues right across the organisations. I suggest to you that communication is vital to achieving success in transforming the public sector and therefore Permanent Secretaries, heads of agencies, managers and supervisors must communicate effectively the elements of the transformation process and its impact on people, on processes and on products.” A total of 100 public sector employees who serve on IDTTs will participate in the four, three-day workshops to be held in November and December. The IDTTs are chaired by Permanent Secretaries or heads of agencies, and have a broad based representation of staff including union representatives, and are supported by Information and Communication Technology (ICT), Human Resource Development (HRD) and communications specialists. Among the communication best-practices being promoted by the course are: not being selective in sharing relevant information; using different methods to communicate; non-reliance on the bureaucratic structure to communicate effectively; and being clear and factual when responding to communication needs. The lead Ministries of government’s transformation activities are: Office of the Prime Minister; Cabinet Office; Ministry of Housing, Environment, Land and Local Government; and the Ministry of Finance and Planning. The workshops are expected to: enable participants to develop a strategy that will lead from vision to results; ensure employees are supported and treated with respect; identify the systems that impact transformation and how to influence those systems towards strategic goals. RelatedTell Employees How Transformation Will Affect Them – Minister Williams urges Public Sector Heads RelatedTell Employees How Transformation Will Affect Them – Minister Williams urges Public Sector Heads Advertisements
Feb 15, 2021 Notices The following senior judges’ current service will expire on September 30, 2021, and they are seeking service renewal. Any persons having knowledge bearing upon the fitness or qualifications of any of the senior judges on this list to continue service as a senior judge should send, on or before March 31, 2021, written comments to John A. Tomasino, Clerk, Florida Supreme Court, 500 South Duval Street, Tallahassee 32399, or by e-mail to [email protected] Board One: Aaron K. Bowden, Mallory D. Cooper, Aymer L. Curtin, Henry E. Davis, Peter L. Dearing, Robert M. Foster, William L. Gary, Nickolas P. Geeker, Jack R. Heflin, W. Howard LaPorte, Paul A. Rasmussen, George S. Reynolds, III, Peter K. Sieg, William R. Slaughter, II, Joseph E. Smith, A. C. Soud, Jr., Michael R. Weatherby, and William P. White, Jr.Review Board Two: Roger A. Alcott, William Douglas Baird, Herbert J. Baumann, Jr., George K. Brown, Jr., James R. Case, David A. Demers, Julian Dale Durrance, Crockett Farnell, Marion L. Fleming, Robert A. Foster, Jr., Raymond O. Gross, Karl B. Grube, Lee E. Haworth, Ronald A. Herring, John C. Lenderman, Perry A. Little, Emanuel LoGalbo, Jr., Walt Logan, Dennis P. Maloney, Daniel R. Monaco, Cecelia Moore-Wilhite, Raul C. Palomino, Jr., James S. Parker, Richard G. Dick Prince, Thomas S. Reese, John A. Schaefer, Olin W. Shinholser, James R. Thompson, and Sherra Winesett.Review Board Three: Joseph P. Farina, Eugene J. Fierro, Jon I. Gordon, Gerald D. Hubbart, Judith L. Kreeger, Lester Langer, Catherine M. Pooler, Steven D. Robinson, Jeffrey Rosinek, Arthur L. Rothenberg, Judith K. Rubenstein, Victoria S. Sigler, Roger A. Silver, Richard J. Suarez, and Deborah White-Labora.Review Board Four: Roger B. Colton, Richard D. Eade, Lisa Gail Flanigan, John A. Frusciante, Susan Lubitz, Joseph A. Murphy, III, Richard L. Oftedal, Lisa M. Porter, and Barry J. Stone.Review Board Five: Deb S. Blechman, Jerry L. Brewer, Theotis Bronson, Daniel P. Dawson, Alan A. Dickey, Carolyn B. Freeman, John M. Griesbaum, Barbara Gurrola, H. Pope Hamrick, Jr., Charles M. Holcomb, R. Michael Hutcheson, Bruce W. Jacobus, Frances S. King, Thomas R. Kirkland, Lawrence R. Kirkwood, Marc L. Lubet, George W. Maxwell, III, William T. McCluan, Roger J. McDonald, Daniel B. Merritt, Sr., W. Michael Miller, Wayne M. Miller, John Dean Moxley, Jr., Victor J. Musleh, Arthur W. Nichols, III, Willard Ira Pope, Charles N. Prather, Robert K. Rouse, Jr., Dorothy J. Russell, C. McFerrin Smith, III, Hale Ralph Stancil, Thomas W. Turner, J. David Walsh, John W. Watson, III, Joseph G. Will, and Robert A. Wohn, Jr. Senior judges seek service renewal
Tags :CCSMNewsSanta MonicawildfiresWoolsey Fireshare on Facebookshare on Twitteradd a commentSMC Launches Five New Free Vocational ProgramsThe sky is the literal limit for Samo Rhodes ScholarYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall9 hours agoNewsCouncil picks new City ManagerBrennon Dixson19 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter19 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor19 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press19 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press19 hours ago HomeFeaturedCity considers emergency housing for fire survivors Dec. 03, 2018 at 5:00 amFeaturedNewsCity considers emergency housing for fire survivorsMadeleine Pauker3 years agoCCSMNewsSanta MonicawildfiresWoolsey FireSmoke from the Woolsey Fire as seen from Santa Monica. Santa Monica may be taking in some Woolsey fire evacuees.About 10 to 15 Santa Monica-Malibu Unified School District families who qualify for free or reduced lunch could be moving into vacant affordable housing in Santa Monica after their houses were destroyed in the Woolsey fire. The families are currently couch-surfing, said Tara Barauskas, executive director of the Community Corporation of Santa Monica (CCSM).On Nov. 27, CCSM requested City Council consider moving some families displaced by the fire to the top of various waiting lists for affordable housing. The council asked staff to develop a plan to house income-qualified families with children in SMMUSD as quickly as possible. Councilmember Gleam Davis said providing the displaced families with local housing would help them return to normal life because their children could keep attending local schools.The council agreed that if the plan moves forward, the families should be able to live in the affordable units indefinitely. “Once they’re in, it may be pretty hard to ask them to leave,” Barauskas said.Mayor Ted Winterer said if the City is to grant affordable housing to evacuees, they should be able to prove they do not have the means to rent in Malibu or Santa Monica.“If you lost your tax returns in the fire, you can at least prove you qualify for free and reduced lunch,” he said.Councilmembers Sue Himmelrich and Tony Vazquez said they support the plan but want to avoid prioritizing fire evacuees over people who have already been waiting for affordable housing because they were evicted under the Ellis Act or had to move out of uninhabitable units.“Let’s move forward with exploring this, but make sure we’re not bumping Santa Monica families who are waiting already for these places,” Himmelrich said. “I’m not comfortable with bumping people who’ve been waiting for housing in Santa Monica for a long time and are couch-surfing or staying in garages.”Barauskas said CCSM receives less than 10 applications for housing from people evicted under the Ellis Act, which allows landlords to evict tenants if they wish to get out of the rental housing business. The opening of The Arroyo, which will provide 64 affordable apartments downtown, has created some vacancies in CCSM’s inventory, she added.Mayor Pro Tempore Gleam Davis said she thinks the council would be better equipped to decide whether to prioritize the fire evacuees if it had information how many people waiting for CCSM apartments were evicted under the Ellis Act or left their homes under exigent circumstances.“I’m a little uncomfortable being so specific about the parameters because we don’t know what effect that’s going to have,” Davis said. “If there are 1,000 people ahead of (the evacuees) given those parameters, then we’re not helping anybody.”[email protected]
PLAYA DEL CARMEN, Mexico – Graeme McDowell, determined to get his game turned around, saw more results Friday when he ran off seven birdies in an eight-hole stretch for an 8-under 63 and a one-shot lead in the OHL Classic at Mayakoba. McDowell relied on his strengths – hitting fairways and making putts – to close out the back nine with three straight birdies. After a bogey on No. 1, he bounced back with four straight birdies to take the lead in the morning at El Camaleon Golf Club. No one caught him in the afternoon. Derek Fathauer made four birdies over his last seven holes for a 66 to get within one shot of McDowell. PGA Tour rookie Harold Varner III birdied four of his last five holes for a 62 to join Si Woo Kim (64) two shots behind. McDowell was at 12-under 130. ”The two biggest keys to the year have been the driver and putter, the two things that haven’t been performing this season and probably are my strengths,” McDowell said. ”I drove the ball much, much better, and I putted just as good today as I did yesterday. I’m putting nicely and decisively. The hole looks pretty big right now.” McDowell typically plays the European Tour this time of the year as it wraps up the Race to Dubai. But the 36-year-old from Northern Ireland had such a mediocre season that he returned to America to get a head start on the new PGA Tour season. So far, the decision is paying off. OHL Classic at Mayakoba: Articles, photos and videos He started the year at No. 15 in the world and has fallen all the way to No. 85. His best finish this year was a tie for ninth in the Dubai Desert Classic. McDowell has been grinding hard since June, and he has been seeing signs of it getting better. ”It’s the result of three or four months of grinding,” McDowell said. ”I’m trying to play better. It’s been a frustrating year. That’s the game of golf we know and love. You’ve got to take the rough with the smooth.” It’s been smooth sailing off the coast in Mexico. This is only his third 36-hole lead in a PGA Tour-sanctioned event, the others coming at the HSBC Champions last year and the U.S. Open that he won at Pebble Beach in 2010. Shawn Stefani, the runner-up in Mexico last year, pulled within one shot of McDowell until a poor tee shot led to double bogey on No. 14 to slow his momentum. Stefani had to settle for a 68 and was in the group three shots behind along with Patrick Rodgers (66), Jason Bohn (63), Justin Leonard (68) and Brice Garnett (66). Russell Knox of Scotland, who won the HSBC Champions last week in Shanghai, had a 65 and was five shots behind. Matt Kuchar, at No. 16 the highest-ranked player in the world at Mayakoba, had a 67 and was nine shots behind. The only thing that stalled McDowell’s big birdie run was the opening hole, where a poor approach led to bogey. He started the tournament at No. 1 on Thursday and was lucky to make double bogey. His first tee shot went out of bounds and his next tee shot was even farther right, though it ricocheted back into play. ”As I went down to get them, I figured I could be going home very soon,” McDowell said. ”Today it was just a bad swing. I walked off with a 5. I’m trending in the right direction.”
With some assistance from a strong US dollar, the result for the carrier was driven by the dramatic fall in bunker prices, which averaged at $358 per tonne in the first three months of the year – a 38% reduction on the same period of 2014.The lower fuel price, which Maersk Line accounts for with a six-to-eight week delay, more than covered the further $163 per 40ft unit cost reduction achieved in the first quarter, implying that other costs had increased.Despite the freight rate volatility and the uncertainty over which direction oil prices will go next, Mr Andersen said the guidance for Maersk Line of a result higher than the $2.2bn produced in 2014 still held, although cargo growth is expected to be at the low end of a 3-5% range.Meanwhile, Maersk’s terminal operator APM Terminals has hit a bump on the road to its $1bn annual result aspiration, due to weaker business at its terminal operations located in oil producing nations.Recording a quarter-on-quarter 19% decline in underlying profit, to $175m, the full-year guidance for 2015 for APM Terminals has been revised to below the $849m achieved last year.Mr Andersen said the APM Terminals result was “the first time it has been down for many years, due to its exposure to a number of markets where low oil prices have had a negative impact”.The number of containers processed at its terminals around the world fell to 9.1m teu, down 2.6%, compared with the first quarter of 2014, although revenue climbed by 4% to $1.1bn. However, its result was also pulled down by the start-up costs of new terminals in Santos and Rotterdam’s Maasvlatke II.Elsewhere, forwarding arm Damco continued to disappoint. It spilled another $10m of red ink in the first quarter, a slight improvement on the $11m loss recorded in the first three months of 2014. Mr Andersen gave no indication when the previously advised “expected progress” would materialise.Damco suffered a “double-digit decline in airfreight volumes” in the first quarter and said that all three business sectors “were under pressure”.At group level, Maersk posted a $1.6bn profit for Q1, compared with $1.2bn for in the same period in 2014, and despite negatives from low oil prices for its energy sector, it still expects an underlying annual result of $4bn, versus the $4.1bn recorded for last year. Maersk Group chief executive Nils Andersen admitted this morning that its container shipping arm had been “a little bit hesitant” to join the rate battle for cargo on the headhaul Asia-Europe route, but said Maersk Line would “live with whatever rates are in the market” and vowed not to concede market share over the full year.Mr Andersen explained that the initial reluctance to join the fray – along with “some confusion” for customers in the early weeks of the 2M alliance – had mostly accounted for a fall in Maersk Line’s liftings in the first quarter to 4.4m teu, down 1.6% on the same period of 2014.However he unleashed a shot across the bows of other east-west alliances which, he said, had grown their networks faster than 2M and been “quite fast” to pass on bunker cost savings to customers. Mr Andersen warned Maersk Line “will increase market share again” to “grow with the market”.Despite the fall in carryings, a 3.2% decline in revenue (to $6.2bn) and a 5% slump in average rates (to $2,493 per 40ft), Maersk Line still delivered its best ever quarterly result: a $714m profit, representing a 57% year-on-year improvement. By Gavin van Marle 13/05/2015
‘ SARugbymag.co.za looks back at the South African players who featured for their respective clubs in the third round of the 2020-21 PRO14 season.– The Scarlets got off the ground with their first win of the campaign by scrapping to a 10-3 victory over Benetton in Treviso on Friday evening. Both teams were without their international players, who had been called up for this past weekend’s Test matches. Uzair Cassiem returned to the Scarlets’ starting lineup after missing their first two games of the season, putting in a solid performance with 16 tackles. Meanwhile, Benetton had Irne Herbst and Eli Snyman as their second-row pairing, while Dewaldt Duvenage started at scrumhalf for the Italian side. Werner Kruger was among the Scarlets’ replacements.STEFAN TERBLANCHE COLUMN: Generosity of spirit– Springbok loose forward Marcell Coetzee put in another standout performance to help Ulster continue their unbeaten start to the season with a 40-17 bonus-point win over the Dragons. Coetzee played 55 minutes at No 8 and scored one of Ulster’s six tries when he powered over the line in the fourth minute. Coetzee also picked up a try assist and made a total of 10 tackles, eight passes, 38 running metres from 11 carries and two offloads. Former Lions and Sharks wing Louis Ludik also enjoyed a fine performance for Ulster, scoring a quickfire brace of tries before half time while also beating three defenders. The Dragons had former Stormers loosehead prop Brok Harris on the bench.– The Ospreys fought back from a 12-3 half-time deficit to beat the Glasgow Warriors for the first time since 2017 in a 23-15 victory. Former Stormers back Huw Jones was among the try-scorers as Glasgow went into the break with a nine-point lead. The Ospreys had tighthead prop Tom Botha on the bench.– Michael Willemse‘s brace of tries for Edinburgh was in vain as his side fell to a 37-26 loss to Connacht on Sunday. Former Kings hooker Willemse started in an all South African front row alongside props Pierre Schoeman and WP Nel. Willemse scored either side of half time, adding to scrumhalf Nic Groom‘s first-half try, but it was not enough as Connacht condemned Edinburgh to their third successive loss. Jaco van der Walt started at flyhalf for Edinburgh and converted three of their four tries.ALSO READ: Super Rugby Unlocked Team of the Week (Round 3)Photo: John Dickson/Sportsfile via Getty Images Post by Dylan Jack BuzzAura16 Cancer Causing Foods You Probably Eat Every DayBuzzAura|SponsoredSponsoredUndo Marcell Coetzee in action for Ulster 157 45 Posted in Pro14, Saffas Abroad, Top headlines MoneyMorningPaperThe 10 Richest Families Of The World. Especially No. 6 Is A Complete Surprise.MoneyMorningPaper|SponsoredSponsoredUndo From the magazine: Jano Vermaak names his Perfect XVFormer Springbok, Bulls, Lions and Stormers scrumhalf Jano Vermaak names a team of the best he played alongside and against.SA Rugby MagUndoLoans | Search AdsLooking for loan in Hong Kong? Find options hereLoans | Search Ads|SponsoredSponsoredUndoLife Exact BrazilGrace Jones Is Now 72 Years Old, This Is Her NowLife Exact Brazil|SponsoredSponsoredUndo熱門話題不要被酵素騙了！在萬寧賣的「這個」直接針對脂肪…熱門話題|SponsoredSponsoredUndoGoGoPeak10 Most Beautiful Cities You Should Visit Once In Your LifetimeGoGoPeak|SponsoredSponsoredUndoCNAHow is life for Cambodian boy linguist after viral fame?CNA|SponsoredSponsoredUndo Five one-cap Boks that could still represent South AfricaSA Rugby MagUndo BabbelLearning a new language this year? – This app gets you speaking in just 3 weeksBabbel|SponsoredSponsoredUndo Published on October 26, 2020 Saffas Abroad: Coetzee, Ludik help Ulster to big win ‘ ‘ ‘ ‘ ‘ 熱門話題對肚腩脂肪感到後悔！試了在萬寧賣的這個後…熱門話題|SponsoredSponsoredUndoWorld Cup-winning Bok quartet in Eddie Jones’ all-time XVSA Rugby MagUndoWatch: Kolbe makes Test players look amateur – Ugo MonyeSA Rugby MagUndoAlphaCuteOprah’s New House Cost $90 Million, And This Is What It Looks LikeAlphaCute|SponsoredSponsoredUndo