Juncker’s investment plan gets lukewarm reception at AEIP event

first_imgInvestment experts at a meeting organised by the European Association of Paritarian Institutions (AEIP) in Brussels have criticised the EU’s so-called Juncker plan, which they said would be of less use to pension funds than originally hoped.Speakers at the event – entitled ‘Long-term Investment and the Juncker Plan: Which Roles for Pension Funds, Social Insurers & Other Institutional Investors?’ – pointed to the shortage of suitable projects in EU president Jean-Claude Juncker’s €315bn investment plan.Dominique de Crayencour, secretary-general of the European Long-Term Investors Association, said there was plenty of money available for investment but not enough outlets.  On the much-vaunted cross-border infrastructure development theme, he argued that “difficulties” were not fund-related but rather down the fact different countries too often failed to agree on a particular need. And negotiations, he added, could take years.What could help institutional investors, he suggested, was the establishment of a “pipeline” of suitable projects.This could, for example, include small-scale energy-efficiency projects.De Crayencour said this could make these projects more attractive for investors, as local authorities “do not have a clue” about the financial packaging of such deals.Meanwhile, Michael Smyth, a member of the European Economic and Social Committee (EESC), said the European Commission – which “can’t afford a failure at the present stage” – was taking a big risk with the Juncker plan.Smyth drew a parallel with the the Stability and Growth Pact (SGP), going back a decade or so.“Does anyone remember [that]?” he asked.The EESC recently published a draft “opinion” on the EU Investment Plan, as well as on the European Fund for Strategic Investments.While the opinion welcomed the Plan as “as step into the right direction”, it also questioned whether a “pipeline of projects can be developed that offer returns that attract institutional investors”.On the topic of shortage of good projects, Bruno Gabellieri, the AEIP’s secretary-general and chair for the meeting, argued that the European Commission’s approach had been “top down” and that a more “bottom-up” approach was needed.   Further criticism of the EU policy came from James Watson, director of Business Europe, who raised the question of “additionality” related to the Juncker plan.His point was that projects earmarked in the plan could well have attained the funding required anyway.Not all speakers, however, took the critical line. Renato Guerriero, vice-president at the AEIP, listed points in favour of pension funds investing in infrastructure projects, citing employment and growth.He also pointed to growing pressure for more of this type of investment, in line with Northern Europe, Canada and Australia.Guerriero suggested that, where large infrastructure projects were concerned, small funds could join together in order to get involved.last_img read more

Update on the latest sports

first_imgIn Pittsburgh, Patric Hornqvist had two goals and an assist as the Penguins knocked off the Red Wings, 5-1. Sidney Crosby added a goal and an assist, giving him 19 points in 12 games since returning from core muscle surgery.Matt Murray stopped 27 shots for the Penguins, who won for the 11th time in 15 games to pull within one point of the Metropolitan-leading Capitals.Elsewhere on NHL ice:— Josh Archibald’s second goal of the day gave the Oilers a 4-3 victory against the Hurricanes. NHL scoring leader Leon Draisaitl (DRY’-sy-tul) added a goal and two assists in Edmonton’s third win in four games. Draisaitl set up Archibald’s goal 3:57 into OT for his 95th point of the season.— Adam Henrique (hehn-REEK’) hit the 20-goal mark for the season by scoring twice in the Ducks’ 5-1 rout of the Canucks. Derek Grant provided a power-play goal and an assist as Anaheim handed Vancouver its fifth loss in seven games. Elias (eh-LEE’-uhs) Pettersson was the lone Canuck to beat John Gibson, who finished with 37 saves. CHICAGO (AP) — The NBA All-Star game is today in Chicago as Team LeBron takes on Team Giannis (YAH’-nihs).The game MVP will be the first recipient of the Kobe Bryant Award. The league announced last week that it was renaming the All-Star game MVP after Bryant, who was among nine killed in a helicopter crash late last month.T25 MEN’S BASKETBALL-SCHEDULEAztecs stay unbeatenUNDATED (AP) — San Diego State remains the only unbeaten team in Division I men’s basketball following a resounding victory at Boise State. Associated Press Update on the latest sports Darvish lasted only 1 1/3 innings in both of his 2017 World Series appearances while playing for the Dodgers. He was tagged for four runs and six hits in Game 3 and was the losing pitcher in Game 7 at Dodger Stadium.Meanwhile, commissioner Rob Manfred met with nearly half of the major leagues managers Sunday and told them to knock off any notion of get-even beanballs. Manfred’s visits come after Cody Bellinger, Kris Bryant, Trevor Bauer and Carlos Correa were among the All-Stars recently trading threats, accusations and barbs as spring training opened.Manfred said he would personally talk to the managers of the teams that train in Arizona on Tuesday.In other baseball news:— Brewers left-hander Brent Suter has avoided salary arbitration by accepting a two-year, $2.5 million deal. Suter returned from Tommy John surgery last September and went 4-0 with a 0.49 ERA in nine relief appearances, helping the Brewers earn an NL wild-card spot. Suter had mostly been a starter the previous two seasons with Milwaukee before having elbow surgery in July 2018. He is expected to be used out of the bullpen this year. — Pitcher Chad Bettis has signed a minor league contract with the Yankees, a deal that includes an invitation to big league spring training. The 30-year-old right-hander was 1-6 with one save and a 6.08 ERA in 39 games for Colorado last season.— Cardinals pitcher Miles Mikolas (MY’-koh-las) was scratched from his second bullpen session of the spring because of a flexor tendon issue. Cardinals manager Mike Shildt said the Cardinals hope to have a more concrete time frame for Mikolas return to the mound in a day or two.— Former All-Star shortstop Tony Fernández has died at age 57 after a long battle with kidney disease. Fernández made five All-Star teams during his 17 major league seasons and helped the Toronto Blue Jays win the 1993 World Series. He won four straight Gold Gloves with the Blue Jays in the 1980s and holds club records for career hits and games played.PGA-GENESIS INVITATIONALScott wins at Riviera Malachi Flynn had 22 points and the Aztecs improved to 26-0 with a 72-55 trouncing of the Broncos. Yanni Wetzell had 14 points and seven rebounds for San Diego State, while Matt Mitchell delivered 11 points, seven boards and five steals.In other top-25 games Sunday:— Collin Gillespie scored a season-high 29 points and 15th-ranked Villanova finished 4-0 against Philadelphia’s Big 5 schools by trouncing Temple, 76-56. Jermaine Samuels added 13 points and Jeremiah Robinson-Earl had 10 in the Wildcat’s seventh straight win over the Owls.— Luka Garza dropped in 24 points and No. 21 Iowa closed on an 11-0 run to pull out a 58-55 victory at Minnesota. Golden Gophers center Daniel Oturu missed the front end of a one-and-one free-throw attempt with a chance to tie the game with 3.8 seconds left.NHL-SCHEDULE NASCAR’s season-opening race was postponed following a second rain delay, pushing the event into Monday. It’s the second time in 62 years and first time since 2012 that “The Great American Race” will finish on a Monday.Pole-sitter Ricky Stenhouse Jr. was the leader 20 laps into the race when the rain returned, sending drivers back to pit road.The first delay lasted 50 minutes and came moments after the presidential motorcade completed a ceremonial parade lap around the 2 1/2-mile track. The second stoppage was prompted by heavier rain, further soaking a racing surface that takes hours to dry.NBA-ALL-STAR GAMENBA All-Stars in action NHL-NEWSIslanders get blueline help with GreeneUNDATED (AP) — The New York Islanders have solidified their defense for the playoff push by acquiring Devils captain Andy Greene for blueline prospect David Quenneville (KWEHN-vihl) and a second-round pick in the 2021 draft.The Islanders have been searching for a quality defenseman since losing Adam Pelech (PEH’-lehk) to an Achilles tendon injury on Jan. 2. Greene also gives them a lefty-shooting defender on a team filled with right-handed defensemen.Also in the NHL:center_img Inbee Park wins Australian OpenADELAIDE, Australia (AP) — Seven-time major champion Inbee Park saw a seven shot lead shrink to two Sunday before winning the Women’s Australian Open by three strokes over Amy Olson.Park closed with a 1-over 74 for a 14 under total in her first LPGA title in almost two years. Park moved seven strokes ahead of the field early on the back nine, but she walked off the 16th green just two in front of Olson before claiming her 20th LPGA victory.PGA TOUR CHAMPIONS-CHUBB CLASSICParel wins in Naples — The Ducks’ postponed game against the visiting Blues will be played March 11. The game began last Tuesday and was stopped when defenseman Jay Bouwmeester collapsed on the bench during the first period. The game will begin with a 1-1 score, as it was at the time of the postponement. It will follow a full 60-minute format.MLB-NEWSDarvish says Astros should lose World Series titleUNDATED (AP) — Yu Darvish has chimed in on Houston’s sign-stealing scheme, just over two years after getting rocked by the Astros in the World Series.The Chicago Cubs pitcher says the Astros should be stripped of their 2017 championship, comparing them to an Olympian who loses a gold medal because of cheating. Darvish says he knows the Astros were stealing signs, but he acknowledged that he didn’t pitch his best during the 2017 Fall Classic. NAPLES, Fla. (AP) — Scott Parel closed with an 8-under 63 to overcome a three-stroke deficit and win the Chubb Classic by two shots.It’s Parel’s third career victory on the PGA Tour Champions surpassing $5 million for his career. It also moves him atop the Charles Schwab Cup standings for the first time in his career.Bob Estes shot 64 to end up second. Kevin Sutherland fired a 67 to finish in a third-place tie with Bernhard Langer, who closed with a 69. Share This StoryFacebookTwitteremailPrintLinkedinRedditNASCAR-DAYTONA 500Daytona 500 underway after rain delayDAYTONA BEACH, Fla. (AP) — It’s going to take another day to determine the winner of the Daytona 500. LOS ANGELES (AP) — Adam Scott has another victory at Riviera, and this time it counts.Scott survived a calamitous final round with just enough clutch putts to take the PGA’s Geneisis Invitational. He closed with a 1-under 70 for a two-stroke victory over Matt Kuchar, Scott Brown and Sung Kang.The victory comes 15 years after Scott won a playoff at Riviera that didn’t count as official because rain shortened the tournament to 36 holes. He earned every bit of this victory, his 14th on the PGA Tour and 29th worldwide.Nearly a dozen players had a chance to win. Five players had a share of the lead at some point.LPGA-WOMEN’S AUSTRALIAN OPEN Bruins, Pens winUNDATED (AP) — The Boston Bruins have expanded their lead in the NHL’s Atlantic Division, while the Pittsburgh Penguins have inched two points closer to the Metropolitan Division lead.Charlie Coyle scored the Bruins’ second short-handed goal in as many days to give Boston a 2-0 lead in the second period of a 3-1 victory over the Rangers. Charlie McAvoy tallied late in the first period and Patrice Bergeron (pah-TREES’ BEHR’-zhuh-rahn) added an empty-netter to secure the Bruins’ eighth win in nine gamesJaroslav Halak (YAH’-rah-slahv hah-LAHK’) stopped 25 shots and blanked the Rangers until Mika Zibanejad (MEE’-kuh zih-BAN’-eh-jad) beat him midway through the third period.The win pushes the Bruins three points ahead of Tampa Bay for both the Atlantic Division and overall lead. February 16, 2020last_img read more

Syracuse boosts postseason chances with 2-1 win over N.C. State

first_img Published on October 23, 2015 at 11:42 pm Contact Chris: cjlibona@syr.edu | @ChrisLibonati At the railing of SU Soccer Stadium, as some fans cleared out, a few stuck around to serenade Louis Cross.“We love you Louis, yes we do!” they chanted.In addition to the kids waiting for autographs, there were three fans, each holding a cardboard cutout head — one with Juuso Pasanen on it, another with Julian Buescher and the last with Ben Polk.After a 2-1 win against North Carolina State, Cross’ parents stood at the railing. Players, alumni and the fans with the signs posed for pictures. “It’s weird,” Cross said of being serenaded. “It’s great to have my parents out here as well for their last game to get a goal.”Cross’ front-post header with less than five minutes left in No. 15 SU’s (10-4-2, 3-3-1 Atlantic Coast) game against North Carolina State (8-4-3, 1-3-3) saved the Orange’s postseason hopes. Head coach Ian McIntyre and SU won 10 games for the fourth straight season after combining for just eight in the three seasons prior.AdvertisementThis is placeholder textDespite two devastating losses to then-No. 2 North Carolina and then-No. 4 Clemson and a tie against Hartford, SU regained its footing against the Wolfpack after nearly 75 minutes of futility.“I’m sure as soon as I leave you guys, people will start telling me results,” McIntyre said. “It was important to get to 10 points. It keeps us in front of some very good teams.”SU was losing for seven minutes against N.C. State. Wolfpack players fumbled the ball around the 18-yard box with about 23 minutes left in the game. The ball finally landed on the feet of midfielder Julius Duchscherer, who kicked a slow-rolling shot into the bottom right corner.A group of five SU defenders and midfielders all looked in different directions after the goal. Cross had his hands on his knees. The 1-0 Wolfpack lead gave the game a familiar feel to both the UNC and Clemson games. Goals in the last 30 minutes during each of those contests downed SU, 2-1 and 1-0, respectively.“Come on, put it back,” McIntyre shouted about the ball to his players as they ran back to restart play.“To go down,” Polk said, “It was like, ‘Oh, uh oh, we need sort this out.’”Minutes later, Polk played the ball with his back to defenders. Not having seen a shred of space between the closing defenders behind him, Polk swung around and booted the ball. The defenders snipped any gap the ball could have rolled through.But only after the shot snuck into the bottom right corner of the net and past the shielded goalie.Polk’s goal warmed the frozen fans, who cheered a little bit louder.“It was one of them where I just took the touch and on a swivel just as fast as I could,” Polk said. “Lucky, I think it went through the kid’s legs.”Ten minutes later, the fans stomped the metal bleachers louder than they had all game as midfielder Liam Callahan crossed in a corner kick. The service found Cross, who headed in the last goal SU would need.Cross skirted all 10 players chasing him, running all the way across the field into a circle of teammates at the end of the bench.“A bit surreal, isn’t it?” Cross said. “The clock was running down and I saw space on the front post.”The goal allowed SU to leap Boston College in the ACC standings after the Eagles’ loss on Friday. After losing six starters, about 30 percent of its offense and its whole back line, two newcomers to SU’s starting lineup — Polk and Cross — teamed up to kick the Orange into the postseason again.A graveyard of popcorn boxes, rosters and other papers remained in the bleachers in the aftermath of Syracuse blowing two leads to tie Hartford 2-2 in double overtime.This time, fans filled the bleachers until the end and made their way to the railing to celebrate what could be SU’s last home game this season.“We’re a good team and there’s a chance we wouldn’t make the ACC tournament. We needed enough points,” McIntyre said. “It’s brutal. It’s great. It’s exciting. There’s still a lot to be played.” Comments Facebook Twitter Google+last_img read more

Clippers unable to keep up with LeBron James and streaking Cavaliers

first_imgJ.R. Smith’s 3-pointer put the Cavs up 23, and after the Clippers failed to get off a last-second shot, several Los Angeles players, including Griffin and Barnes, briefly stayed on the floor as if in shock.After scoring a season-low five points Monday against Philadelphia, Love came out aggressively. He scored 10 points in the first 3 minutes, setting the tone for the Cavaliers. CLEVELAND — LeBron James scored 23 points, Kevin Love had 24 and the Cleveland Cavaliers pushed their winning streak to 12 games Thursday night with an easy 105-94 win over the Clippers, who also lost their composure.The Cavs built a 32-point lead in the third quarter, allowing James and Love to sit out the fourth and rest. With their longest winning streak since a franchise-best 13-gamer in 2010, the Cavs moved into first place in the Central Division. Cleveland was seven games behind Chicago when the streak began with a victory over the Lakers on Jan. 15.The Clippers were whistled for five technical fouls, including four in a contentious third quarter when they lost their California cool and forward Matt Barnes was ejected.Blake Griffin scored 16 and Jamal Crawford 13 for Los Angeles, whose subs made the score respectable in the fourth. On Jan. 16, the Cavs beat the Clippers 126-121 for the second win in their streak. Cleveland was a different team back then, “in disarray” as Clippers coach Doc Rivers put it before the game. But the Cavs are now connecting at both ends of the floor, first-year coach David Blatt has his team’s attention and Cleveland is looking every bit like an NBA title contender.The Clippers figured to be a strong test for the Cavaliers, but were no match as Cleveland won its eighth straight over Western Conference opponents.The Cavs led by 23 at halftime and the Clippers began to unravel emotionally early in the third. Barnes was called for a technical for shoving Love, and seconds later, Chris Paul got a technical for something he said to referee Lauren Holtkamp. DeAndre Jordan was assessed a technical for taunting, and Barnes was sent to the locker room for muttering a choice word to official Eric Lewis. Barnes had to be restrained by his teammates from charging after Lewis.James and his teammates produced some highlight-package plays in the first half, when the Cavs moved the ball well on offense, clamped down on defense and built a 65-42 lead.With a national TV audience watching, James drove down the lane for a two-handed slam and followed it up moments later with another strong layup. Cleveland’s passing was superb, and Kyrie Irving, who made only one field goal, had the best assist of the first 24 minutes when he fed James for an alley-oop dunk to give the Cavaliers a 21-point lead.center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

MLB’s 2018 suspension against Astros’ Yuli Gurriel gets negative reaction on social media

first_imgHow is that punishing him he made the gesture in the World Series? @MLB what a joke!— D S (@Danielle2671) October 28, 2017A few others saw it as the right move.correct move. he deserved to be punished but the WS is too special.— Jennifer Gibson (@chikuzurihinpa) October 28, 2017 Anyone who follows baseball knows he’d be able appeal and that’d push the suspension back anyways so SAME RESULT— Migueroa (@migueroa03) October 28, 2017 The team released two statements, one from Gurriel and another from the team regarding the suspension.Gurriel has released the following statement: pic.twitter.com/6TxiMIFf3x— Houston Astros (@astros) October 28, 2017 Breaking @MLB actually does nothing— Adam Kane (@akane1066) October 28, 2017 The Astros have released the following statement: pic.twitter.com/BKo6b1CLV7— Houston Astros (@astros) October 28, 2017Once the news broke, fans took to social media to share their thoughts on the punishment.Many, even some Astros fans, thought the suspension during next season was not good enough. Next season? Cowards!— Ken Bell (@Bellken70Ken) October 28, 2017 Ok, sounds good. Apology certain to follow, i’m sure …— Patrick (@PatrickdEstaing) October 28, 2017And there were some who said that even if he was suspended during the World Series, he could easily appeal.People don’t understand MLBs suspensions. He could easily appeal the suspension in the WS and play regardless.— Stephen (@Podolskiaa) October 28, 2017 Housten Astros first baseman Yuli Gurriel was exposed on camera making a racist gesture towards Los Angeles Dodgers pitcher Yu Darvish during game three of the World Series Friday night.It was announced Saturday afternoon that Gurriel, who apologized for making the gesture, was suspended by the MLB for five games next season. Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more