Visiting professor connects Lent, ‘Laudato si”

first_imgClemens Sedmak, visiting professor of Catholic Social Tradition and community engagement at the Center for Social Concerns, discussed “Laudato si’” — Pope Francis’ encyclical on environmental issues and consumerism — and how to integrate its teachings into Lenten practices.Sedmak said a monk told him Lent was meant to be a time to form habits which will last throughout the year.“I once met a Benedictine abbot, as one does, and he told me that Lent is something like intensive exercise time for the monks, and it means you try to take something very seriously which will help you throughout the rest of the year,” Sedmak said. “So the idea is that your Lenten exercises and sacrifices will sustain you through the rest of the year, trying to establish habits that you hopefully will bring into your life after Easter.”According to Sedmak, Pope Francis focuses on habits in “Laudato si’” as a means of obtaining a more sustainable world.“Pope Francis encourages us in ‘Laudato si’’ to establish new habits,” Sedmak said. “I think the most sustainable way of changing an institution or any person is habits.“So you change your everyday life. You change what you take for granted, what is familiar, what is regular. You change the space, you change the things you repeat over time and you change your actions.”Last November, Sedmak and 18 of his students experimented with various aspects of their lives in light of “Laudato si’” and tried to live more sustainable lives. Sedmak said this process helped his students to reflect on their habits and question the practices they took for granted.“If you try, as one colleague did, to live without buying plastic for a month, you don’t buy plastic for a month, you will refine certain categories and you will rethink what you took for granted,” he said. “And certain categories all of the sudden become problematic.”Sedmak said Lent offers a time to undergo this process in light of “Laudato si’” and free one’s self from excesses.“I see ‘Laudato si’’ and Lent coming nicely together in the concern of try[ing] to renew yourself so that you’re open for what’s really important in life,” Sedmak said. “And I think most of us have made the experience, and can make the experience that if we forego certain things. We gain a freedom that makes us much more open to the things that really matter in life.”Adapting the mindset of “less is more” helps to be successful with Lenten goals, Sedmak said.“In the spiritual life you have to have some sense of moderation,” Sedmak said. “ … [Ignatius of Loyola] had to deal with over-ambitious, young Jesuits in Portugal. They were overdoing it and fasting too much and sleeping not enough. So they took Lent over seriously.”According to Sedmak, Ignatius of Loyola responded to these Jesuits with a letter, telling them not to exhaust themselves with excessive fasting.“He sent a letter in two parts,” Sedmak said. “The first part basically said ‘Yes, God expects very impressive fruits from us, and yes, should be perfect as your father in heaven is perfect. However, don’t overdo it because if you overdo it, you will break down, ruin your health and not be able to serve the kingdom in the long run.’”According to Sedmak, Lent — viewed in light of “Laudato si’” — challenges Christians to take the suffering caused by environmental degradation and make it their own.“To turn what’s happening in the world into our own personal suffering; that’s how I see, in a nutshell, the Lenten challenge because if you are honest, this is a challenge,” Sedmak said. “ … It takes an effort for me to turn what’s happening in the world into my own personal suffering.“That’s why we need Lent. To make this bridge happen, because here on campus we may not see much of the climate change or the ecological threats that the pope talks about.”Tags: laudato si’, Lent, Pope Francislast_img read more

Law firm says Green Mountain Coffee execs cashed in nearly $8 million in stock before SEC probe

first_imgA Seattle-based law firm says that two top executives of Green Mountain Coffee Roasters Inc (Nasdaq: GMCR) exercised nearly $8 million in stock options prior to an SEC inquiry. GMCR filed amended forms with the Securities & Exchange Commission today that state that the two transactions made by one of the executives in September were, in fact, part of a pre-arranged trading plan executed in August.The law firm, Hagens Berman Sobol Shapiro LLP, is investigating allegations that the Waterbury coffee company made a series of materially false and misleading statements related to the company’s business and operations in violation of the Securities Exchange Act of 1934. There also have been two separate lawsuits filed in Burlington.According to filings with the US Securities and Exchange Commission, the two key executives at Green Mountain Coffee Roasters subsidiaries exercised large amounts of stock options in the weeks just prior to announcing to investors on September 28, 2010, that the company was the subject of an inquiry by the SEC into its ‘revenue recognition practices and the Company’s relationship with one of its fulfillment vendors.’SEC Form 8-KR. Scott McCreary, president of Green Mountain Coffee Roasters subsidiary Specialty Coffee Business Unit, exercised 200,000 Green Mountain Coffee Roasters stock options and sold them at $33.08 per share on August 18, 2010, filings with the SEC show. Total proceeds for the stock sales amounted to about $6.6 million.SEC Form 4 McCrearyMichelle Stacy, president of Green Mountain Coffee Roasters subsidiary Keurig Inc, exercised 30,000 Green Mountain Coffee Roasters stock options and sold them at $30.95 per share on August 18, 2010. She exercised another 5,000 options and sold them at $35.40 per share on September 13, 2010 and, finally, exercised 5,000 options at $37 per share on September 21, 2010. Total proceeds for the three stock sales amounted to about $1.3 million, SEC filings show. SEC Form 4 StacySEC Form 4 StacySEC Form 4 StacySEC Form 4a StacySEC Form 4a StacyHowever, the amended forms indicate that Stacy had entered into a 10b5-1 trading plan on August 13, 2010. The 10b5-1 is intended to avoid such an appearance of impropriety by pre-arranging sales of stock for executives, and other insiders, that are blind to the executive. The plan specifies ahead of time the amount, price and date at which the shares should be traded.GMCR’s Suzanne DuLong, VP of Investor Relations & Corporate Communications, said of the legal aspects of the case, “I can’t comment on pending litigation.”As for the SEC inquiry, DuLong said, “We continue to cooperate fully and voluntarily.”Reed Kathrein, a partner with Hagens Berman, in an email said of today’s amended filing that it is “a little late to claim that it is not suspect.”Kathrein added, “The law is clear that a plan will not protect you if it is set up to take advantage of non-public inside information.”He added, “If the plan were properly put in place, at a very minimum, the ethical thing to do would be to put it on hold when material inside information is known. The company could have and should have closed all trading by insiders regardless of the plan.”The SEC’s Division of Enforcement informed GMCR on September 20 that it was conducting an inquiry and made a request for a voluntary production of documents and information.GMCR’s filing stated, “Based on the request, the Company believes the focus of the inquiry concerns certain revenue recognition practices and the Company’s relationship with one of its fulfillment vendors. The Company, at the direction of the audit committee of the Company’s board of directors, is cooperating fully with the SEC staff’s inquiry.”A class-action lawsuit has already been filed in US District Court in Vermont. The lawsuit alleges that Green Mountain artificially inflated the company’s stock price by issuing inaccurate and unreliable financial statements, which were not prepared in accordance with Generally Accepted Accounting Principles and SEC rules.http://www.vermontbiz.com/news/october/green-mountain-coffee-facing-slew…The Hagens Berman’s investigation focuses on the SEC’s inquiry concerning ‘certain revenue recognition practices and the Company’s relationship with one of its fulfillment vendors.’ Neither the SEC nor Green Mountain Coffee Roasters management have disclosed details of the investigation.However, Hagens Berman released a statement saying that since Green Mountain Coffee Roasters’ largest fulfillment vendor, M Block & Sons Inc., warehouses physical inventory of Keurig machines and K-Cups, takes orders from retail customers, ships the products and collects receivables, it is possible that it concerns the propriety of so-called ‘bill-and-hold’ transactions. Under Financial Accounting Standards Board rules, if M. Block & Sons initiated such transactions due to inadequate warehouse capacity, the transactions may be proper. However, if the transactions were initiated by Green Mountain Coffee Roasters solely for the purpose of accelerating revenue, then they would be misleading.Following the close of trading on September 28, 2010, shareholders learned of the SEC’s inquiry into Green Mountain Coffee Roaster’s revenue recognition, that it had been notified by the SEC of this investigation as early as September 20, 2010, and that the company was expected to take a restatement charge in the near term ‘ rendering the company’s prior reported financial statements and reports unreliable, false and materially misleading. Following this announcement, shares of the company fell from $37 per share to a low of $27.47 per share. Its STOCK PRICE opened today at $33.40. About Hagens BermanSeattle-based Hagens Berman Sobol Shapiro LLP represents whistleblowers, investors and consumers in complex litigation. The firm has offices in Boston, Chicago, Colorado Springs, Los Angeles, Phoenix, San Francisco and Washington, D.C. Founded in 1993, HBSS continues to successfully fight for investor rights in large, complex litigation. More about the law firm and its successes can be found at www.hbsslaw.com(link is external). Source: Hagens Berman Sobol Shapiro LLP. SAN FRANCISCO–(BUSINESS WIRE)–10.27.2010. http://www.hbsslaw.com/cases-and-investigations/GMCR(link is external). Vermont Business Magazine. Securities & Exchange Commission.last_img read more

Keen Tilden Pack for Spring and Summer

first_imgAs the weather warms and the days get longer, my weekend adventures tend to get longer too. The Keen Tilden daypack has been my one staple no matter where my travels have taken me.  The Keen Tilden is a 28L (1078 cu in) daypack from Keen’s hybrid line and has a distinctive outer. The result is a weatherproof finish that is also exceptionally lightweight.The Tilden is large enough to accommodate a 2L/70 oz hydration reservoir (not included) along with a myriad assortment of rain jackets, trail snacks, extra socks and fishing gear.  If you have an urban adventure on your agenda, it will also accommodate up to a 15.4 inch laptop. My favorite feature of the Tilden is the topo foam mesh that covers the back.  It is an ultra-breathable material that prevents the pack from trapping heat and moisture on your back.  It also contributes to the lightweight of the pack as well.  After many adventure with the Tilden, I have found no drawbacks so far.  If you are looking for a new pack that meets your needs whether at work or at play, and is eco-friendly, consider the Keen Tilden.MSRP $100.00; keenfootwear.comlast_img read more

The Brewathalon

first_imgThe thing about Will Smith, the rapper and actor, is you either love him or you hate him. There can be no middle ground. At least that’s what I’m learning as we huddle around my broken chain in the middle of Pisgah National Forest. I was in the wrong gear and tried to power up the steep, dirt road climb that leads to Spencer Branch, a recently re-designed downhill that drops off the Blue Ridge Parkway above Mills River. Pisgah is best known for its super tech, rutted out fall line trails that were built by the CCC eons ago, but Spencer is something different. A bit of purpose-designed flow in the heart of the East’s oldest national forest. Obviously, I was too eager to get to Spencer and my chain snapped before I could even settle into the climb. Now, all four of us are trying to repair the chain without losing that little pin that keeps two links together. But mostly, we’re debating the merits of Will Smith.Everyone seems to agree Mr. Smith is a fine actor, but his rapping prowess is debatable.The trip we’re on is a thing of beauty. A perfect three-day loop connecting three world-class breweries by mountain bike and canoe. Here’s how you do it: First, pedal singletrack and gravel roads through Pisgah from Asheville to Oskar Blues in Brevard. Drink and camp. Then, trade the bikes for canoes and paddle to Sierra Nevada. Drink and camp. Complete the loop by paddling back to Asheville and hit the newly opened New Belgium taproom, which hangs over the French Broad River just outside of downtown. Three days, three world-class breweries, camping, singletrack and class I paddling along the French Broad. Like I said, a thing of beauty.IMG_5839_FIXBut we’re only a couple of hours into this epic adventure and my bike is falling apart and there’s a growing divide amongst the crew—a chasm is forming around Will Smith.Hartwell Carson, the French Broad River Keeper, sings a couple of lines from “Miami.”Jeff Keener, a board member for Pisgah SORBA, shakes his head and declares the song to be “ridiculous.”After hearing Hartwell’s rendition of “Miami,” the fourth member of our crew, Jeremiah LeRoy, seems to be siding with Keener. Personally, I’m indifferent about Mr. Smith. I just don’t want to have to push my bike 40 miles across Pisgah National Forest.God Likes MeSome of the West’s largest craft breweries started building East Coast operations several years ago to capitalize on the East’s thirsty population base. Three of those breweries, Oskar Blues, Sierra Nevada, and New Belgium, which together make some of the best beers in the world, happened to build their new facilities close to my home town of Asheville. I think they did this because God likes me. Look at the new breweries on a map and they form a kind of triangle of goodness surrounding Pisgah National Forest and the French Broad. Technically, you could drive to these breweries, but with a little bit of logistics, you could turn a standard brewery tour into a multi-sport adventure.The first couple of hours are uneventful as we climb out of Bent Creek Experimental Forest on the edge of Asheville on a long, steep gravel road, riding through a dark tunnel splattered with graffiti beneath the Blue Ridge Parkway. The flow of Spencer comes shortly after fixing my chain. The trail drops through stands of skinny hardwoods for two miles—a perfect bench cut path hugging the edge of the slope offering the occasional ballsy B-line drop and a big sweeping berm with every change of direction. Rock gardens are scattered throughout to keep things interesting, but for the most part, it’s a carefree descent. This sort of flow is relatively new to Pisgah, and some bikers complain that it’s part of the greater “dumbing down” of the forest. It’s not hard enough. Not technical enough. None of us complain as we carry speed through the berms and rocks, all smiles as we hit the last kicker where the trail meets the gravel road.There’s more carefree singletrack through big, grassy meadows on Fletcher Creek and then we’re crossing creeks and pushing up a steep, rutted out trail in search of a shortcut to cut off some gravel road. There’s no avoiding the big climb of the day, though—a gravel grinder along Forest Road 1206 up to Yellow Gap. We settle into a manageable pace and start discussing the shortcomings of the current health insurance industry, because we’re old, and soon we hit Yellow Gap, where we snack on beef jerky and a can of Pringles.It’s sunny, not too hot, we’ve been riding our bikes since 9 a.m. and we’re eating heavily smoked beef. All things considered, that’s a pretty good day. We haven’t even had a brush with death yet. That won’t happen until we hit Avery Creek at the end of the day.If Spencer Branch is “new Pisgah,” then Avery Creek is “old Pisgah.” It’s basically a dry creek bed that drops down the fall line of the mountain, carving a deep, red-clay ditch into the slope that’s riddled with massive root gardens, Yeti Cooler-sized boulders and the occasional tree. In other words, it’s awesome, and I’m eating it up, going faster than I should be, until I see Jeremiah fly through the air, head first into a skinny tree. He grazes off the hardwood and lands with his face in the dirt, his bike on top of him like a blanket. A really painful blanket.His legs are bleeding and there’s a golf-ball sized knot forming on his shin, but otherwise, he’s good. No brain damage. No broken collar bone. We give him a few minutes, do a quick concussion test and then we’re riding again, hurrying now because we have to make it to Oskar Blues before they close. We pop out of the forest on Highway 276 and hop on a greenway that will take us straight to the brewery, sprinting in our heaviest gear and passing old couples on cruisers, yelling “on your left!” as we fly by them.Oskar Blues is a fairly industrial affair with a concrete beer garden and a small taproom overlooking the brewery. The beers are cold and we order two burgers each before pedaling to our first campsite, tucked into a large farm on the edge of the French Broad.Hartwell has stashed our canoes and his truck at the campsite (logistics!), so we take his truck to scavenge the farm for firewood, listening to country music as we cruise through the pastures. We find a bunch of dry pallets and erect a bonfire so large, you could land a plane by it, and complain about eating too many burgers until we start peeling off for our tents.The Baby Squirrel ConspiracyIn theory, the 44 miles we biked across Pisgah National Forest should be the toughest leg of this multi-day, multi-sport adventure, but we have 28 miles to paddle from the campsite to Sierra Nevada in sluggish canoes loaded down with beer and gear. I figure we have a 50/50 shot of getting to the brewery before dark, and there are a number of things that could derail our efforts. Thunderstorms, low water, pirates…but honestly, if we don’t make it to Sierra Nevada in time it’ll probably be because of the 30 minute argument we have over Keener’s baby squirrel theory. Here’s the gist of the theory: there is no such thing as baby squirrels.“Nobody’s ever seen a baby squirrel,” he says, sipping his coffee. “They don’t exist. Seriously, have you ever seen a baby squirrel?”“Well, no, but…” Jeremiah says.“That’s because they don’t exist. I’ve even looked for them on the internet. I can’t find any pictures.”“So where do adult squirrels come from?”“I don’t know,” Keener says. “All I know is that there are no baby squirrels.”“So wait,” Hartwell says. “You’re saying baby squirrels don’t exist because nobody you know has ever seen one, and you’ve done a Google image search?”The conversation goes on like this for far too long, until Jeremiah finds a picture of a baby squirrel on his phone for Keener to study. It’s one of the greatest uses of the iPhone in the history of the internet.The section of the French Broad between Brevard and Mills River, where Sierra Nevada sits, rolls through farm country. Bluffs, rising 20 feet from the water, frame the river, giving way to sprawling pastures on either side. Off in the hazy distance, the farms are hemmed in by subtle, low-rising green mountains. Occasionally, we’ll pass an ostentatious trophy home, with perfect grass rolling down to the river, but mostly, the scene is pastoral. It’s all very “Southern” in a way, and it makes me wish I had a bigger drawl, at least for this portion of the trip.Paddling is slow work, so we pass the time mostly by drinking beer and creating segments on Strava to see which boat is the fastest. Jeremiah and I are in one canoe and Keener and Hartwell are in the other. Each canoe has a giant cooler in the center, with camping gear in dry bags packed around it. According to Strava, neither boat is fast.Eight hours later, our boats are beached and we’re playing bocce next to Sierra Nevada’s organic garden. If craft beer has a Xanadu, it’s Sierra Nevada’s new Mills River brewery. The building is a massive blend of river stone and copper finishes, and the expansive grounds are highlighted with large gas fire-pits, perfect grass and lawn game zones. We play bocce, throwing heavy balls at each other in the sand, and drink beer from fancy glasses, laughing about the fact that we rode our bikes and paddled canoes here.Dinner is an affair of lamb, tartare and mussels—a far cry from the food truck burgers we ate the night before. After asking for the dish that “has the most amount of calories for the least amount of money,” Hartwell tries to negotiate with the waitress for the price of a chocolate brownie. The brownie costs $9. Hartwell is willing to pay $3. The waitress is an excellent negotiator and Hartwell pays $9.Our campsite is a mile upstream from Sierra Nevada, and we paddle it slowly in the dark, trying to feel our way through patches of shoals. It’s like reading braille. We set up our tents by headlamp and climb in just in time to beat an all-night thunderstorm, falling asleep to the rain beating down on our tents.Saving CinnamonThe rain continues through the morning as we pack up our wet tents and start paddling north, moving through a more industrial stretch of the French Broad that runs along Interstate 26. In the midst of a heavy downpour, we contemplate beaching the canoes and climbing the slope to have breakfast at Waffle House. After an hour of paddling through the storm, the rain stops, the sun comes out and the most amazing thing happens: we find a fully inflated blow up doll. The kind you get at those truck stop sex shops. Or so I’ve heard.IMG_5900_FIXWhen you find a sex doll lying on a rock on the edge of the river beneath a highway overpass, you have to rescue it. You have to strap it to the bow of your canoe like one of those figureheads from ancient ships and give it a name.“It should be something French and classy,” Jeremiah says.“Like Cinnamon?” Hartwell says.We paddle with Cinnamon on the bow of Hartwell’s boat for the next 10 miles, passing through the Biltmore’s extensive grounds where families ride cruiser bikes and play Frisbee along the greenway next to the river. Some of them laugh and wave, others shield their children’s eyes from the sight of a blow up doll paddling in a canoe.New Belgium’s new brewery and taproom is our final stop. The taproom is small compared to Sierra Nevada’s Disneyland-like extravagance, but it’s beautiful in an industrial/modern sort of way, with a retractable glass wall leading onto a broad deck overlooking the river. As we paddle beneath the taproom, people start lining the railing of the deck, waving at us and taking pictures. A few of them clap and whistle. Everyone is smiling. I know they’re clapping for Cinnamon, the discarded sex doll who’s found a new home as our canoe’s figurehead, but I like to think a small part of the ovation is for our achievement in multi-sport innovation. Three days, three breweries, three sports (if you consider drinking a sport). An 88-mile loop by singletrack and river, all human powered.Like I said, a thing of beauty.last_img read more

Soldier Dies in FARC Attack in Colombia

first_img The FARC has been holding negotiations with the government of Colombian President Juan Manuel Santos in Cuba since November 2012, and without a bilateral ceasefire. The process, which includes a five-point agenda to put an end to the national armed conflict, has the international support of Norway, Cuba, Venezuela, and Chile. “FARC guerrillas attacked Army troops with rifles at a village in Río Grande, where unfortunately a soldier died. It is a shame that this happened during Holy Week,” Santiago Londoño, government secretary for Antioquia department, stated. The FARC, founded in 1964, is the oldest Latin American guerrilla group and the main insurgency in Colombian. In this regard, he added that the authorities would reinforce regional security and they would carry out search operations for guerrillas from the FARC’s 5th Front. center_img A Colombian Soldier died in the municipality of Turbo, northwestern Colombia, during an attack that authorities attributed to the Revolutionary Armed Forces of Colombia (FARC), an insurgency organization currently holding peace talks with the Colombian government in Cuba, according to official sources. By Dialogo April 02, 2013 The death of a soldier is very sad for me, the death of a man who is fulfilling a service is very sad and senseless, this news upsets me a lot, my condolences to his family and friends, I can’t stand when someone dies this way, I know it is a job, but it still hurts and that makes me feel sad. In the previous note, I was happy about your success, although the deaths are regrettable, but there’s a difference in this, I don’t live in that country but have the intention to visit soon, I wish you the best.last_img read more

Understanding digital platforms:The future of database technology

first_imgDigital Transformation leads to better profits for 80 percent of companies that pursue it, reports SAP Center for Business Insight and Oxford Economics. In fact, 31 percent of decision makers said investment in employees’ digital skills would be key in increasing revenue in the coming years, and some 80 percent of companies that have undergone digital transformation efforts reported increased profitability, compared to 53 percent of other companies.While digital transformation is a term most credit union executives hear often, it can mean different things to different people. With new fintech innovations hitting the headlines on a daily basis, discerning which technologies to embrace – and which to simply watch in the near term – can be a challenge.Consider blockchain technology as a case in point.Following Bitcoin’s wild ups and downs on Wall Street, blockchain technology is fast emerging as a fintech disruptor that promises to become a household name – but for many reasons, not all financial-related. continue reading » 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Ryan Giggs: Wales postpone news conference over alleged incident involving manager | Football News

first_imgWales next face the United States in a friendly at Swansea’s Liberty Stadium on November 12 ahead of two crucial games in the Nations League.Group leaders Wales host the Republic of Ireland on November 15, before facing Finland on November 18 – with both games to be held at the Cardiff City Stadium.More to follow…- Advertisement – The Football Association of Wales has postponed a press conference on Tuesday following allegations against manager Ryan Giggs.The Welsh FA issued a statement late on Monday night saying it was aware of reports involving Giggs but would not be commenting further.- Advertisement – – Advertisement –center_img Giggs was scheduled to attend the news conference to announce the Wales squad for their upcoming games against the United States, Republic of Ireland and Finland.Former Manchester United winger Giggs has been Wales manager since succeeding Chris Coleman in 2018.He enjoyed a successful first full qualification campaign with the national team – guiding them to a place at Euro 2020, where they will face Turkey, Italy and Switzerland in the group stage of the delayed competition.- Advertisement –last_img read more

Swedish buffer fund AP1 produces ‘decent’ 4% return for 2015

first_imgThe real return after expenses for the latest 10-year period is 4.4%.Over 2015, equities as a whole returned -1.1%, but Swedish equities returned 7.3%, developed countries -3.5% and emerging markets -7.7% (all figures before expenses).Equities made up 32.9% of the portfolio as at end-December 2015.Fixed income, which includes government debt, credit and high yield, and which forms 27.9% of the portfolio, returned -0.4%.The best performing asset class was real estate (11.1% of the portfolio), which returned 23.6%.The fund’s real estate assets are long-term investments, mainly held for rental income, and less for their expected increase in value.Private equity – 5% of the portfolio – made 13.3%.Ossian Ekdahl, head of communications and ESG at AP1, said: “There are two main reasons for us to invest in private equity. The first is that we expect higher long-term returns, and secondly, it will diversify our total portfolio.”Meanwhile, infrastructure – a new asset class for the fund, and which now makes up 2.9% of the portfolio – returned 5.9%.Last year, AP1 – as part of a consortium – purchased electricity distribution company Ellevio from Fortum, the Finnish energy company.Ellevio has already embarked on major investments to enhance delivery performance to customers.AP1 also formed a real estate company, Secore Fastigheter, together with ICA, the Swedish retail chain.“The ambition is to allow Secore to grow further by acquiring further properties in which ICA stores are the main tenant,” said Magnusson.Overall, a chief objective is to create long-term sustainable value.“As a long-term investor, it is natural to incorporate non-financial sustainability aspects into the investment analysis,” said Magnusson.“Last year, we decided on a new overall sustainability strategy, in which we focus on resource efficiency. We expect the use of natural resources, human capital and financial capital to take place responsibly.”AP1 has also continued to strengthen its in-house investment management, believing it will produce better conditions for higher returns. Första AP-Fonden, the First Swedish National Pension Fund (AP1), has announced a 4% investment return after expenses for the 2015 calendar year, down from 14.6% the year before.At 31 December 2015, the fund’s net assets had increased to SEK290.2bn (€31bn), from SEK283.8bn the previous year.Johan Magnusson, chief executive, said: “The return of 4% after expenses in 2015 is a decent one, considering the great market turbulence during the year, and is in line with the fund’s target.”The fund’s long-term goal is a real return of 4% after expenses over rolling 10-year periods.last_img read more

Barcelona fires coach Quique Setién, days after 8-2 loss to Bayern Munich in Champions League

first_img Share This StoryFacebookTwitteremailPrintLinkedinRedditBARCELONA, Spain (AP) — Barcelona fires coach Quique Setién, days after 8-2 loss to Bayern Munich in Champions League. Barcelona fires coach Quique Setién, days after 8-2 loss to Bayern Munich in Champions League Associated Press center_img August 17, 2020last_img

Sweden upset Germany to reach World Cup semis

first_img(REUTERS) – Goals from Sofia Jakobsson and Stina Blackstenius helped Sweden to come from behind to stun Germany 2-1, in the women’s World Cup quarter-finals at Roazhon Park in Rennes yesterday and set up a last-four clash with the Netherlands.After enjoying an early spell of possession, midfielder Lina Magull put the Germans in front in the 16th minute with an acrobatic volley through the legs of Swedish goalkeeper Hedvig Lindahl.Sweden equalised six minutes later when winger Jakobsson latched on to a long ball straight down the middle from Linda Sembrant, and slotted home past goalkeeper Almuth Schult.German coach Martina Voss-Tecklenburg threw on midfielder Dzsenifer Marozsan, who had not played since breaking a toe in their tournament opener against China, at the start of the second half but it was Sweden who took a shock lead.Schult did well to turn away a powerful header by Fridolina Rolfo but the rebound fell kindly for striker Blackstenius, who fired home from point blank range to get her second goal in as many matches.Marozsan missed a glorious chance to force the game into extra time when she headed wide with the goal gaping in the 80th minute but Sweden held their nerve to reach their fourth World Cup semi-finals.last_img read more