Categories: Letters to the Editor, OpinionA Black Swan event could hit the economy at any moment. All it would take is our going to war with North Korea. Within a month of our going to war, the stock market will drop by 50 percent and we’ll be plunged into a recession. If North Korea is able to reach the mainland with a nuclear warhead, the impact will be even worse.One of the talking heads on television made an even more cogent point. All North Korea has to do is put a nuclear warhead on a ship and enter a U.S. port. We don’t know the magnitude of the blast that they could set off by remote means because there is almost no limit to the size of the warhead they can detonate if they have achieved fusion technology.What’s an even more scary scenario is if North Korea sells its technology to terrorist organizations. There’s simply no way of knowing what these organizations will target.Richard Moody Jr.SchoharieMore from The Daily Gazette:EDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Beware of voter intimidationFoss: Should main downtown branch of the Schenectady County Public Library reopen?
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The French government on Wednesday banned treatment of COVID-19 patients with hydroxychloroquine, a controversial and potentially harmful drug that US President Donald Trump has said he is taking preventively.The move came after two French advisory bodies and the World Health Organization warned this week that the drug — a treatment for rheumatoid arthritis and lupus — had been shown to be potentially dangerous in several studies.The urgency of the coronavirus outbreak has prompted some doctors to prescribe the drug despite a lack of research to demonstrate its efficacy against the novel coronavirus. Topics : Among them were a French infectious disease specialist who caught the ear of Trump, who stunned his own administration last week by revealing he was taking hydroxychloroquine as a preventive measure against COVID-19.Under the new French rules, the drug can be used only in clinical trials to test its efficacy against coronavirus — making it unclear if the French doctor, Didier Raoult, would be able to continue using it at his hospital in Marseille in the south.Raoult has already rejected a comprehensive study published last week in The Lancet medical journal, which found that administering hydroxychloroquine or its related compound chloroquine actually increased the risk of dying for many patients.Hydroxychloroquine, also used to treat malaria, is sold under the brand name Plaquenil by French pharma giant Sanofi, which promised to offer governments millions of doses if studies proved it could be safely used in the coronavirus fight.
Energy, Environment, National Issues, Press Release, Statement Harrisburg, PA – Governor Tom Wolf today reiterated his call for President Trump to remain in the Paris Agreement on climate change, which was signed by every country in the world besides Syria and Nicaragua.“I urge President Trump not to abdicate the United States’ global leadership and seat at the table on climate change – a pressing issue for Pennsylvania’s economy, especially energy, agriculture and tourism, and our resident’s health,” Governor Wolf said. “Pennsylvania is an energy leader and addressing emissions presents opportunities for Pennsylvania’s natural gas, renewable energy and energy efficiency industries to grow and create new jobs.“Many of America’s largest corporations – from energy to technology – agree with environmental advocates, faith leaders and scientists that staying in the Paris agreement is the right choice for America. We cannot ignore the scientific evidence and economic significance of climate change and put our economy and population at risk.”In 2015, the Pennsylvania Climate Impacts Assessment Update, prepared by Penn State University professor Dr. James Shortle, warned of serious consequences of climate change for Pennsylvania residents, industries and communities.Some key takeaways from the report include:Climate change could worsen air quality: increasing pollen concentration, mold concentration, and ground-level ozone, causing longer allergy seasons, aggravating asthma, and increasing mortality among at-risk populations.Vector-borne diseases like West Nile virus and Lyme disease could increase due to more favorable conditions for mosquitoes and deer ticks.Increased precipitation in many parts of the state could lead to higher flood risks and threaten safe drinking water supplies.Warmer temperatures will bring more favorable conditions for agricultural pests like weeds and insects.Severe storms – strengthened by warmer temperatures – could affect reliable electric service and threaten current electric infrastructure. Governor Wolf: U.S. Withdraw from Paris Climate Accord Would Hurt Pennsylvania’s Economy, Health SHARE Email Facebook Twitter June 01, 2017
The two Dutch pension funds of insurer Allianz Netherlands have merged into a new, €662m pension fund, called Allianz Nederland Groep.The Buizerdlaan pension fund contributed €200m to the new scheme while Pensioenfonds Allianz Nederland added €448m to the combined assets. The pension funds have 930 and 3,100 participants, respectively.In their respective annual reports, the boards of the schemes said the merger decision followed an exploration of the future options.They dismissed joining a general pension fund (APF) or a sector scheme but indicated that the new combination left the option of joining an APF within five years. Buizerdlaan was the pension provider for staff of former insurer Zwolsche Algemeene, which merged with Royal Nederland in 2003, creating Allianz Nederland.The schemes pointed out that the union was aimed at reducing complexity and gaining synergies for investment and administration.Buizerdlaan’s administration costs per participant were €1,927, whereas Allianz Nederland paid €733 for pensions provision.Last year, supervisor DNB had tasked Buizerdlaan to draw up an improvement plan after an on-site investigation revealed its decision-making and risk and investment management were not up to scratch.Both schemes had reported combined costs of 0.2% for asset management and transactions.Allianz Global Investors carried out asset management, while Allianz acted as pensions provider.The now merged schemes had already shared many functions, including an administrative bureau, four advisory committees as well as a number of board seats.Their asset mix as well as their coverage ratio were largely the same. Funding of Buizerdlaan and Allianz Nederland stood at 111.7% and 110.7%, respectively, at the end of March.Both schemes also implemented average salary arrangements.PrecedentsThe consolidation trend among Dutch pension funds has also been in evidence at companies with several pension funds as a result of past mergers.Last year, cardboard firm Smurfit Kappa fused its two pension funds, while the four schemes of telecoms firm KPN merged into one.The engineering companies Haskoning and DHV merged their compartments in a multi-company scheme, while Aon Hewitt is in the process of uniting the pension funds of the old merger partners Aon and Hewitt, possibly into a new Belgian-based pensions vehicle.In a contrast to these moves, ING and Unilever established new collective defined contribution (DC) schemes for new employees and further accrual for existing staff, in addition to their old pension fund with a DC plan. Shell introduced a new individual DC scheme, SNPS.
BEFORE: The home’s sole bathroom. AFTER: But with a few tweaks, the Sturges took it to the next level.Aside from the pool, Mr Sturges said he will miss the location and the size of the home, which is on a 605sq m block.“It’s close to Pinelands and as well as being fairly close to Market Square.“It’s also close to Sunnybank Hills State School.” AFTER: It is now more open-plan.A builder by trade, Mr Sturges took on most of the construction by himself, with his wife helping to make design decisions, such as what tiles and cabinetry they would use.The renovation took about five months.“It’s pretty much brand new, I replaced everything,” Mr Sturges said. AFTER: The home at 7 Indiana St, Sunnybank Hills, is for sale.YOU could be forgiven for mistaking the home at 7 Indiana St for a brand new property.When Greg and Lauren Sturges bought the Sunnybank Hills residence six years ago, it was a lowset brick house. BEFORE: The home at 7 Indiana St, Sunnybank Hills, before renovations.In the time that followed, their renovations have transformed the property into something that looks like it was just built yesterday.“We soon realised with three kids, one bathroom wasn’t going to cut it,” Mr Sturges said.“All the bedrooms were initially downstairs so we opened all of them up and added a second story.” BEFORE: The kitchen had an update in recent years. AFTER: One of two of the home’s bathrooms.The main bedroom is still on the bottom floor of the home, but all three children’s bedrooms are now upstairs with their own living room and bathroom.More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 2019BEFORE: The living space in the residence. A single-car garage was converted into a pool room.Mr Sturges said his son also enjoys playing in the pool room, formerly a single car garage, while his daughters enjoy hanging out in the cubby house. The current floorplan of 7 Indiana St, Sunnybank Hills. AFTER: Now they are next level luxury.He said his next property will need a pool, with the family spending most of their time in the water during summer.“The kids love the pool.“In summer they are outside in the pool pretty much all day.” BEFORE: The alfresco dining area and pool were tidy.
About 7,000 Somali students sat for their final school examination for the first time in 25 years on Monday as the Horn of Africa nation seeks to revive its education system. Acting Premier Abdullahi Amed Jama said the country was making steady progress in reforming its education system.“It is a great day for us taking centralized examination from our secondary schools today. This is the progress our country is making now, I wish you success in the exam,” Ahmed told the candidates in Mogadishu before the examination kicked off.Internal Security Minister, Abdirisak Omar Mohamed, told reporters that security forces have been deployed to beef up security and thwart any terror threats where the examinations are taking place.Mohamed also wished the students to excel in the ongoing examinations to enable them secure employment across the country and abroad.This is the first centralized examination in which the federal government takes for students who completed secondary schools in Somalia since 1991.
The ORVC Boys’ Basketball Jamboree to be held on Saturday (11-23) at 1 PM at Jac-Cen-Del High School.ORVC Boys Basketball JamboreeSubmitted by JCD Athletic Director Mark Meyer.
GREENSBURG, Ind. — The Greensburg Fire Department battled a house fire in Greensburg on Sunday.Firefighters responded to a 911 call around 10:55 AM at 4441 East North Road in Greensburg.The homeowner, Marsha McMillian, thought the fire started near the wood stove, but fire officials say that there was no fire in that area.The majority of the fire was in the attic.Firefighters had to cut 2 holes in the roof and pull the ceiling in the kitchen and bathroom in order to gain access to fight the fire.The cause of the fire has not been listed.
Press Association Tottenham forward Gareth Bale has been voted the 2013 Footballer of the Year by the Football Writers’ Association. The Spurs talisman will receive the prestigious FWA accolade, which has been running since 1948, at a gala dinner at the Lancaster London Hotel on May 9. Bale was last week also named Player of the Year and Young Player of the Year by the Professional Footballers’ Association. Chelsea’s Juan Mata was third in the journalists’ poll, with Bale taking first place with 53 per cent of the votes ahead of Van Persie. There were also a wide range of votes for the likes of Everton defender Leighton Baines, Pablo Zabaleta of Manchester City, Swansea forward Michu, Manchester United midfielder Michael Carrick and Southampton frontman Rickie Lambert. Bale becomes Spurs’ first winner of the FWA award since David Ginola in 1999, and the first Wales international to be selected for English football’s oldest individual trophy since Everton’s Neville Southall in 1985. The former Southampton man said: “It is a huge honour to receive the Footballer of the Year award from the Football Writers’ Association. “It means a lot to win this award when you consider the number of players that have been outstanding for their clubs in the Barclays Premier League this season.” The Wales international, 23, topped the poll of journalists ahead of Manchester United forward Robin van Persie, who was last year’s recipient when at Arsenal. Bale’s 24 goals in all competitions helped take Andre Villas-Boas’ men into the quarter-finals of the Europa League and kept them in the race to secure a return to the Champions League via a top-four finish in the Barclays Premier League.