Governor Wolf’s Middle Class Task Force Kicks Off First Regional Roundtable

first_img Government That Works,  Press Release Harrisburg, PA – Governor Tom Wolf’s Middle Class Task Force, a panel of business, labor, education and workforce development experts, today held the first of six regional roundtables to hear from Pennsylvanians about how to improve the lives of hard-working, middle class families.“This task force is bringing together a special combination of representatives for employers, workers, educators and students to listen to people across the commonwealth about how we can support and grow Pennsylvania’s middle class,” said Governor Wolf. “Our state is making progress by increasing education funding and expanding economic incentives and workforce training, but middle class families know we must do more.“It is important this task force hears from people on all sides so we can develop education, training and economic development opportunities to ensure middle class families can live and complete in the 21st century economy.”The governor appointed four chairmen to lead the task force: Pennsylvania Chamber of Business and Industry President and CEO Gene Barr, Pennsylvania AFL-CIO President Rick Bloomingdale, Pennsylvania State System of Higher Education Assistant Vice Chancellor Dr. Sue Mukherjee, and Pennsylvania Workforce Development Association Chairperson Susie Snelick. Additional leaders from these constituencies will be invited to join these discussions as well.“With our prime location, diverse industry base and strong work ethic, Pennsylvania is uniquely poised for a host of economic opportunities,” said Gene Barr, president and CEO of the Pennsylvania Chamber of Business and Industry. “But despite these benefits, there are people without jobs, and there are good paying jobs without people to fill them. I’m excited to listen and meet with residents from across the commonwealth to discuss the challenges currently facing our state – including a growing jobs skills gap –  and to work with my fellow task force members towards solutions that will help the middle class and Pennsylvania’s economy to thrive.”“This is an exciting opportunity for worker advocates, businesses, legislators and community organizations to come together to hear the concerns of working people,” said Rick Bloomingdale, president of the Pennsylvania AFL-CIO. “It is imperative for the future of Pennsylvania that we look ahead with the fullest understanding of the current realities working families face across our commonwealth. At a time when economic inequality is at the forefront of so many conversations, the Governor’s Middle-Class Task Force is a step toward understanding and growing opportunities for working people in the 21st century.”Over the next few weeks the task force will hold five additional regional discussions to listen to businesses leaders, workers, educators, students and others for suggestions on ways the commonwealth can better support working families to get and keep jobs, as well as to invest in education and training to make businesses in Pennsylvania more competitive.“By forming the task force, Governor Wolf is again helping us focus, individually and collectively, on a problem that matters,” said Dr. Sue Mukherjee, assistant vice chancellor with the Pennsylvania State System of Higher Education. “At the State System, we believe that education is at the core of socio-economic mobility. We also know that our state continues to struggle with a mismatch among jobs, workers, and students. We need to learn more.“Governor Wolf’s Middle Class Taskforce will provide our education community the opportunity to learn directly from the families and regional businesses we serve so we can better catalyze pathways to economic security for all.”As the task force works to find common ground, Pennsylvania’s middle class and economy are changing, creating challenges for workers and businesses. Near full employment has caused a tight labor market and a shortage of workers in some industries along with the need to train workers to close the skills gap for the available in-demand jobs.“Governor Wolf’s Middle Class Task Force is an ideal forum for workers and employers statewide to collaborate on policy recommendations that support the governor’s ‘Jobs that Pay’ priority,” said Susie Snelick, chairperson of the Pennsylvania Workforce Development Association. “I look forward to hearing from middle class workers and employers across the commonwealth about ways we can all help everyone succeed and sharing those suggestions with the governor.”Representing the Wolf administration on the task force are Department of Education Secretary Pedro Rivera, Department of Community and Economic Development Secretary Dennis Davin, Acting Department of Labor and Industry Secretary Jerry Oleksiak.The task force will present recommendations to the governor later this year. September 29, 2017 Governor Wolf’s Middle Class Task Force Kicks Off First Regional Roundtablecenter_img SHARE Email Facebook Twitterlast_img read more

​AMF takes €1.2bn hit from discount rate fall in first half

first_imgCommenting on investment returns of assets backing the pension fund’s traditional with-profits pensions, Tomas Flodén, head of asset management at AMF, said: “The various parts of our portfolio have, just as intended in the traditional pension management, parried and complemented each other in a good way during a messy spring.”He said equities had seen the strongest recovery during the second quarter of the year, although the return for this allocation was still somewhat on the minus side at the end of the quarter.“At the same time, our interest-bearing assets have delivered an increasingly positive return, and our real estate assets have also shown a plus,” said Flodén.While traditional with-profit pensions make up the bulk of AMF’s operation, it also provides unit-linked fund investment.In the results statement, AMF reported a rise in total assets to SEK661bn from SEK649bn this time last year, with its solvency ratio dipping to 182% at the end of June from 186% 12 months before.The fund said its five-year and 10-year average annual returns were now 5.9% and 7.1% respectively, compared to 7.3% and 7.9% 12 months ago.Looking for IPE’s latest magazine? Read the digital edition here. Changes to the discount rate used to calculate liabilities depressed group profit of Swedish pension provider AMF by SEK12.4bn (€1.2bn) in the first six months of this year, pushing its business result into the red, according to interim financial results published today.The blue-collar pension fund said investment returns rebounded in the second quarter as markets picked up following March’s coronavirus lows, but it still posted a 1.4% investment loss for the first half.Reporting its group business result, AMF – Sweden’s second-largest pension provider after Alecta – revealed a SEK12.0bn loss, compared to the group profit of SEK31.6bn it declared in the same period last year.However, in notes to these figures it said changes in the discount rate had an impact on earnings of -SEK12.4bn in January to June 2020. Changes to the rate, which guides adjustments to liabilities, had reduced earnings in the same period a year before by SEK15.0bn, the notes showed.last_img read more

Player prices may go down after COVID-19 pandemic — Southampton manager

first_imgThe financial impact of the COVID-19 pandemic could mean a decrease in market value of players when the transfer window reopens, Ralph Hasenhuettl, manager of English Premier League clubside Southampton, has said.Hasenhuettl, while speaking on Monday, however said Southampton were prepared for all eventualities. Professional football had been suspended indefinitely across Europe since March.But countries and leagues were now planning for a return to training and competition without fans in attendance in May or June when restrictions are relaxed.With nine rounds left to be played in the Premier League, the season would spill over into June and possibly July, when the traditional off-season transfer window opened.The Southampton manager said the window could be shorter this year as a result.The Austrian said: “We are prepared. We know that it will be an interesting transfer window, maybe a shorter one. “The surroundings are also changing because the values for the players will go down, I think.“We can’t say what impact this will have on the transfer market, but we are prepared for it and we have the time now to get in contact with everybody.“The good thing is that we all know it will start again and that, step-by-step, we will come back to normality again.“Therefore, you have to be prepared and to use this time now is absolutely helpful.”Tottenham Hotspur defender Jan Vertonghen, on his part, said free agents would be coveted more when the window opened as clubs look to rebound from the financial crisis. Meanwhile, Manchester United chief executive Ed Woodward said clubs would not spend “hundreds of millions” on new signings, even though Hasenhuettl said clubs desperate for new recruits could spend more.Woodward said: “You have to remember that the players we want to sell will also be worth less money.“It has an impact on every club.“In the end, when the transfers are starting, and you have some issues, you will do everything to get the player you want.RelatedPosts COVID-19: NCAA to revoke erring airlines licence over non-compliance FRSC to Schools: We’ll arrest, prosecute drivers who flout COVID-19 rules Sanwo-Olu: We’re committed to fulfilling promises to Lagosians “I don’t see the prices dropping that far but the selection would be a more critical one and, therefore, you have to be prepared.”Reuters/NAN.Tags: COVID-19Ed WoodwardManchester UnitedRalph HasenhuettlSouthamptonlast_img read more

Update on the latest sports

first_img Share This StoryFacebookTwitteremailPrintLinkedinRedditNFL-SEASON OPENERChiefs host Texans in NFL openerKANSAS CITY, Mo. (AP) — The NFL opens its season Thursday night in Kansas City, where the Super Bowl champion Chiefs host the Houston Texans. The game features two teams intimately familiar with each other, and each led by dynamic, young quarterbacks in the Chiefs’ Patrick Mahomes (mah-HOHMZ’) and the Texans’ Deshaun Watson. The Chiefs rallied from a 24-0 hole to beat Houston in the divisional round of the playoffs, but both teams have changed plenty in the eight months since that January day.The coronavirus pandemic effectively canceled the entire NFL offseason along with all four preseason games. That means their rematch at Arrowhead Stadium will be the first game for anybody since February. It also means the crowd at what is historically one of the toughest road venues in the league will be limited to about 17,000 fans, who must adhere to coronavirus restrictions requiring masks and social distancing. This year, fans won’t be permitted to wear headdresses or face paint, traditions deemed offensive to Native Americans. The team also announced recently that it’s discussing the future of its tomahawk chop celebration.NFL-NEWSJaguars place RB Ozigbo on IR, sign Ogunbowale to fill spot Dallas and Vegas resume their chess match in Game 3EDMONTON, Alberta (AP) — The Dallas Stars take on the Vegas Golden Knights in Game 3 of the NHL Western Conference final. Dallas and Vegas showed each team’s best in Games 1 and 2, so it’s no coincidence the series is tied.After the Stars won the opener 1-0, Vegas got its offense back in Game 2 to tie things up. Now it’s up to Dallas’ best players to do the same. Tyler Seguin and Corey Perry have each gone six games without a point.Since scoring on their first shot of Game 1, the Stars have had 19 attempts blocked by a Vegas defender, 48 stopped by a goalie and missed the net 14 times. The Golden Knights have 57 shots on goal so far and chased Anton Khudobin with three second-period goals Tuesday.TENNIS-US OPEN UNDATED (AP) — The Jacksonville Jaguars have placed running back Devine Ozigbo on injured reserve with a left hamstring injury and signed former Tampa Bay running back Dare Ogunbowale to fill his roster spot. Ogunbowale might have to play in the team’s opener Sunday against Indianapolis since Jacksonville has little depth at the position. The Jaguars waived Leonard Fournette last week, put Ryquell Armstead on the COVID-19 list for the second time in five weeks and then lost Ozigbo in practice Wednesday. That left them with undrafted rookie James Robinson, third-down back Chris Thompson and fullback Bruce Miller available.In other NFL news:— Another Denver Broncos starter has gotten hurt. Wide receiver Courtland Sutton injured his right shoulder at practice. The injury occurred when Sutton landed awkwardly after catching a high pass. Trainers were tending to him as the open media period came to an end. Sutton’s injury occurred 48 hours after the Broncos lost star linebacker Von Miller to a serious ankle injury on the final play of another practice. The Broncos open the season Monday night against the Tennessee Titans .— The New York Jets signed former Rams and Giants linebacker Alec Ogletree to their practice squad. The team also announced Thursday it signed former Ravens wide receiver Jaleel Scott to the practice squad and placed wide receiver Donte Moncrief on the practice squad injured reserve list. The 28-year-old Ogletree adds depth to the Jets’ inside linebacker spot. Ogletree also reunites with Jets defensive coordinator Gregg Williams after the two were together with the Rams from 2014-16. Scott was a fourth-round pick of Baltimore in 2018. He had one catch last season after spending his rookie year on injured reserve. — Forbes estimates the Dallas Cowboys are the NFL’s most valuable franchise at $5.7 billion. It’s the 14th consecutive year they’ve held that distinction. According to the magazine, Jerry Jones’ team is also the most valuable franchise in the world. On average, each team in the NFL is worth $3.05 billion, an increase of 7% from last year. And four teams — the Cowboys, Giants, Patriots and Rams — are worth at least $4 billion.MLB-NEWSAnother Braves pitcher hurt: Tommy Milone (elbow) to ILUNDATED (AP) — The Atlanta Braves’ banged-up starting rotation suffered another setback Thursday when left-hander Tommy Milone was placed on the 10-day injured list with left elbow inflammation.Milone, acquired from the Baltimore Orioles at the trade deadline, has a 14.90 ERA in three starts for NL East-leading Atlanta. He allowed eight runs in 3 1/3 innings in the Braves’ 29-9 victory over Miami on Wednesday night. The Braves recalled right-hander Huascar Ynoa to the active roster and outrighted utilityman Charlie Culberson to the team’s alternate training site. September 10, 2020 NASCAR-BUBBA WALLACEWallace leaving Richard Petty Motorsports at season’s endCHARLOTTE, N.C. (AP) — Bubba Wallace is leaving Richard Petty Motorsports at the end of the season. NASCAR’s only full-time Black driver told the team Thursday that he would not sign a contract extension. He will finish the final nine races.Wallace, who has driven Petty’s iconic No. 43 the last three seasons, says in a statement that he believes “it’s time for someone else to take over the No. 43.” RPM says it will announce a new driver soon. Rockets face Lakers in Game 4LAKE BUENA VISTA, Fla. (AP) — There is one NBA playoff game on the Thursday schedule. The Los Angeles Lakers take a 2-1 lead into Game 4 of their Western Conference semifinal series against the Houston Rockets.The superstar game of 2-on-2 in Game 3 on Tuesday night was a draw. James Harden and Russell Westbrook had 63 points, 17 rebounds and 15 assists for the Rockets; LeBron James and Anthony Davis had 62 points, 22 rebounds and 11 assists for the Lakers. The difference was the supporting casts, and Rajon Rondo’s 21 points and nine assists were enormous for the Lakers. That was just the second time in Lakers playoff history someone had those numbers off the bench; Michael Cooper had exactly 21 and 9 in Game 2 of the 1987 NBA Finals.James now has been part of more postseason game victories than any player in NBA history, a record he’s earned over his 14 appearances in the playoffs.NHL-STANLEY CUP PLAYOFFS Carolina president and general manager Don Waddell said the Hurricanes and Checkers had talked of extending their affiliation in January but the sides couldn’t reach an agreement.COLLEGE FOOTBALL-NEWSGeorgia State quarterback cleared to play, no virus issuesUNDATED (AP) — After initially being ruled out for the season with a coronavirus-related heart condition, Georgia State freshman quarterback Mikele Colasurdo has been cleared to play. The school says follow-up cardiac evaluations showed Colasurdo does not suffer from myocarditis or any other heart ailment that would prevent him from taking the field. Women’s semis feature Williams vs Azarenka, Osaka vs. BradyNEW YORK (AP) — Women’s semifinals are on tap Thursday at the U.S. Open. Serena Williams will play Victoria Azarenka in a rematch of the 2012 and 2013 U.S Open finals won by Williams.Williams is closing in on what would be her seventh U.S. Open championship and record-tying 24th Grand Slam singles title overall. She has made it to the semifinals in each of her past 11 appearances in New York. Azarenka is a two-time Australian Open champion on a 10-match winning streak and back in a Grand Slam semifinal for the first time in seven years. Williams leads Azarenka 18-4 head-to-head. Williams, who turns 39 later this month, is coming off two three-set comeback victories in a row and hit 20 aces in her win against Tsvetana Pironkova (sveh-TAH’-nuh pih-RAHN’-koh-vah) in the quarterfinals. Williams was the runner-up at Flushing Meadows each of the past two years; she lost to Naomi Osaka in the 2018 final. That was one of Osaka’s two Grand Slam titles.Osaka faces Jennifer Brady in Thursday’s other semifinal. Brady is a 25-year-old from Pennsylvania who helped UCLA win a college championship. This is the farthest she has advanced at any major tournament until this week. She and Osaka have played twice, each winning once by a 6-4, 6-4 score, although Brady’s victory came six years ago. Atlanta has six pitchers on the IL, including ace Max Fried, and the team has used 11 starters in its 43 games. Robbie Erlin was Thursday night’s starter against the Washington Nationals after he worked three innings out of the bullpen on Monday.In other MLB news:— Former All-Star infielder Jake Lamb has been designated for assignment by the Arizona Diamondbacks after struggling for nearly three straight seasons. The 29-year-old looked like a future star at third base just a few years ago. He hit 29 homers in 2016 and then made the NL All-Star team in 2017 while setting career-highs with 30 homers and 105 RBIs. Since then, he’s battled injuries and inconsistency and hit just 12 homers over the past three seasons. He didn’t get much playing time for the D-backs this season and had just five hits in 43 at-bats for a .116 average. — The Nationals have selected the contract of 32-year-old rookie Yadiel Hernández, who played professionally for five years in his native Cuba before signing with Washington in 2016. Hernández has put up impressive numbers in the minors but has yet to play in the majors, stuck in the Nationals’ system behind younger outfielders like Juan Soto and Victor Robles.NBA PLAYOFFS Associated Press Wallace, who is 26, has a career-best five top-10 finishes this season and is ranked a career-best 23rd in the Cup Series standings. Wallace did not make the playoffs in any of his three Cup seasons and is winless at NASCAR’s top level. NHL-HURRICANES-AHL AFFILIATECarolina Hurricanes reach AHL affiliation deal with ChicagoRALEIGH, N.C. (AP) — The Carolina Hurricanes have signed a three-year affiliation agreement with the Chicago Wolves of the American Hockey League.The Hurricanes announced the agreement Thursday. The Hurricanes had been affiliated with the instate Charlotte Checkers for the past 10 seasons, with that franchise located about a 2½-hour drive away from the NHL club in Raleigh. Update on the latest sports The Panthers are scheduled to open the season against Sun Belt Conference rival Louisiana-Lafayette on Sept. 19. Colasurdo initially planned to sit out the season after being stricken with COVID-19 over the summer break. Now, he’s beginning a phased return to practice less than two weeks before the opener.In other college football news:— The University of Texas will require students to pass a COVID-19 test before they’ll be allowed to attend the No. 14 Longhorns’ season opener against UTEP on Saturday night. Texas has up to 3,000 student tickets available for the football game. To claim a ticket, a student must pass a university-provided rapid test the day before the game. The school says the test will be free to students at a cost of about $90 per test to the university. Texas will allow about 18,000 fans to attend the game at a stadium that typically seats close to 100,000. The testing requirement doesn’t apply to the general public attending the game.last_img read more