According to this year’s state budget plan, the government aimed to keep the state budget deficit at 1.76 percent of GDP – lower than the 2019 realization of 2.2 percent.The government is currently drafting a government regulation in lieu of law (Perppu) to allow a fiscal deficit exceeding the 3 percent ceiling.“We will put a provision in the upcoming Perppu allowing us to widen our fiscal deficit for three years starting from 2020. Therefore, the deficit will return to 3 percent by 2023,” said Luhut.Read also: Indonesia announces Rp 405 trillion COVID-19 budget, anticipates 5% deficit in historic moveOnce the mechanism has been completed, the government will impose health quarantines in the regions hardest-hit by COVID-19.“We won’t call it a lockdown because we only acknowledge a quarantine as stipulated in the 2018 Health Quarantine Law. We don’t want to be hasty about implementing the regulation. Everything has to be calculated thoroughly,” the coordinating minister said.Despite an increasing number of confirmed COVID-19 cases, the government has been adamant against calling a lockdown to prevent the disease from spreading further. Indonesian health authorities confirmed 1,528 COVID-19 cases across the country on Tuesday, with 136 deaths and 81 recoveries. (glh)Topics : Read also: Jokowi declares COVID-19 health emergency, imposes large-scale social restrictions“The finance minister is now calculating how much we should add to the budget for social-assistance programs for those who will be affected the most by the quarantine.”The government had previously determined that underprivileged citizens would receive cash transfers (BLT). However, Luhut said it was still deliberating whether the assistance would be given to 20 or 40 percent of the overall low-income families across the country.He went on to say that such disbursements might also cause the state budget deficit to surpass the 3 percent threshold of gross domestic product (GDP) as mandated by the 2003 State Budget Law. Regional quarantines to prevent the spread of COVID-19 will only be imposed when the government has prepared a mechanism to distribute social assistance for impoverished citizens, Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan has said.President Joko “Jokowi” Widodo’s Cabinet is currently deliberating such a mechanism to cushion the economic impact of the quarantine policy on the poor, who are prone to financial risk once the restriction takes place.“The President keeps saying that the poor should not endure additional difficulties, owing to the fact that the President himself was also less-fortunate when he was young,” Luhut said during a press briefing on Tuesday.
Varma has become the first Finnish pension provider to sign up to the international Tobacco-Free Finance Pledge.The company, one of Finland’s top two pension insurers with €44bn in total assets, said that it had signed up to the United Nations-backed project along with Finnish retail bank S-Bank.The new signatories mean 107 entities have now backed the international project since it was launched in September 2018. European investors including AP4, FRR and Church Commissioners for England signed up at its launch.The Tobacco-Free Finance Pledge aims to raise awareness among financial institutions of the “essential” role they play in promoting anti-tobacco policies in the sector. Varma’s director of responsible investment Hanna Kaskela said tobacco also exacerbated poverty.“There is very little anti-tobacco regulation in developing countries,” she said. “Low-income consumers in developing countries spend a significant proportion of their meagre income on cigarettes, on top of which they suffer tobacco-related illnesses.”Companies signed up to the pledge promise to take on tobacco-free finance policies such as building knowledge and understanding around the dangers of tobacco, and reducing investment in the industry.Rachel Melsom, director of Tobacco-Free Finance in the UK and Europe, said the addition of Varma and S-Bank brought the total assets under management represented by the signatories to more than €8.3trn.This showed tobacco-free finance was becoming increasingly common and important worldwide, she added.Other European asset owners have been divesting from tobacco stocks in recent months, including Sweden’s AP1 and ABP in the Netherlands.
AXA Investment Management has named the leadership team for core investments, a new division that was created last year as part of an overhaul of the asset manager’s corporate structure.Core investments is one of the four “pillars” into which the business was reorganised, and combines AXA IM’s fixed income, multi-asset and active equity (the Framlington Equities platform) strategies.According to the €730bn asset manager, the appointments in the core investment leadership team will “accelerate collaboration and innovation” between the strategies, as well as further embed research and quantitative insights into portfolio decisions.They see Chris Iggo, chief investment officer for the fixed income platform since 2008, taking on additional responsibility in the newly created role of CIO for core investments. Marion Le Morhedec has been appointed head of active fixed income for Europe and Asia, a role that Iggo carried out on top of being fixed income CIO. Le Morhedec had been head of products specialists and solutions for the core investments platform since February 2019, and before that head of business development and client relationships for fixed income. Chris Iggo, newly appointed CIO for core investments at AXA IMSerge Pizem, previously global head of the multi-assets investments team, has been named head of multi-asset, while Laurent Clavel, formerly head of research at AXA IM, has been appointed head of the firm’s “Quant Lab”, a unit that pre-dates the corporate reorganisation. Hans Stoter, who was named global head of core investments at AXA IM in December, said: “I am convinced that this new leadership team will result in increased collaboration, lead to better performance and engender a true transformation in the way we manage portfolios.”DWS adds ESG criteria to money market fundsDWS today said it would apply environmental, social and corporate governance (ESG) criteria to money market funds managed in the EMEA region.According to the asset manager, the criteria include a set of sector exclusions, screens based on norms, and best-in-class rankings, but “no changes in the portfolio allocations were necessary as the ESG quality was already high”.Harm Carstens, co-head of short duration portfolio management for EMEA at DWS, said: “The ESG money market funds universe is still at an early stage and we are pleased to announce these latest advancements. DWS ESG money market funds aim to cater to investors’ increasing demands for sustainable investment vehicles in the money market space.”DWS said that it last year launched the first money market fund available in the US to apply ESG criteria.In Europe, BlackRock launched a “Liquid Environmentally Aware Fund” in July. Moody’s said it was the first money market fund in Europe to apply environmental and other characteristics, including social and governance factors, when selecting the funds’ investments.“Investors in money market funds in Europe are showing a strong interest in sustainable investment that will over time pressure all short-term debt issuers to improve adherence to ESG principles, or face difficulties placing their debt,” said the credit rating agency.
Share LocalNews Senior Counsel Anthony Astaphan challenges Dave Bruney’s IPO appointment. by: – April 8, 2011 Senior Counsel, Tony Astahpan believes the swearing in of Dave Bruney to the commission was rushed because of his attempts to challenge the matter in court.“It’s now become like a cat and mouse game. There were all indications that the swearing in of Mr. Bruney was going to take place next week, but because of what we have said about it and the obvious political outcry and outrage…they seem to have sped up the swearing in,” he said.Astaphan said Dave Bruney’s appointment to the IPO is an insult to the people of Dominica.“He have been representing to the world as the PRO of the UWP and officer of the party. It’s an assault on the intelligence of the people; on the structure of the integrity commission…It is similar to the Al-Qaida assault on the twin tower when they sent people there to destroy the United States. He has been sent to destroy the Integrity Commission and to position it with his politics,” he said.Astaphan is calling on Dominicans to be outraged “that the UWP could play such a dangerous game with the country.Meantime, Public Relations Officer for the United Workers Party (UWP) Dave Bruney is refuting claims that his political preference will affect his ability to perform fairly in the Integrity in Public Office Commission.Bruney was sworn in on Thursday and is now an official member of the IPO Commission, despite heavy criticisms from the government’s main legal advisor Anthony Astaphan.“I intend to move in with an open mind,” Bruney said, vowing to do what is required under the act.He refused to comment on statements that his appointment violates the integrity in public office act, because he holds a position in a political party.But he said “I need to just get in there, get updated in terms of whatever has been done in the past and move on”.Bruney said he is qualified for the position and don’t wish to respond to Astaphan who is “a non entity”.Information reaching Dominica Vibes News indicates that letters have been written and delivered to His Excellency President Liverpool and chairman of the Integrity in Public Office Mr. Johnson on behalf of members of the cabinet.Dominica Vibes News Sharing is caring! Share 31 Views no discussions Tweet Share
Mr. Danny Ray Rose, age 60, of Patriot, Indiana, entered this life on July 4, 1959, in Madison, Indiana. He was the loving son of the late, Floyd Ernest and Jean (Scudder) Rose. He was raised in Patriot, Indiana and was a 1977 graduate of Switzerland County High School. Danny was employed as a sandblaster for R Houston & Son in Harrison, Ohio, for over 26 years. He was a member of Union Local 741 of Lawrenceburg, Indiana for the past two years. Danny resided all of his life in the Patriot community. Danny enjoyed riding his Harley motorcycle, tinkering on cars and motorcycles, and spending time with his family and friends. Danny passed away at 10:10 p.m., Tuesday, August 13, 2019, in Florence, Indiana.Danny will be deeply missed by his daughter, Danielle Lee Rose and her companion, Cody of Tallahassee, FL; his step-son, Joshua Chase of Rising Sun, IN; his step-daughter, Kathryn Batchlor of Lawrenceburg, IN; his step-grandchildren, Tré Batchlor, Isiah Batchlor and Uryiah Beyer; his brothers, Dennis Rose of Patriot, IN, Dale Rose and his wife, Ruth of Patriot, IN and Dean Rose and his wife, Sheila of Harrison, IN; his nieces and nephews, Jaimie Oser, Jenna Felts, Dale Rose, Jr., Nick Knaus and Jordan Knaus; his great-nieces and great-nephews, Jaleigh Felts, Brody Carfield, Ava Knaus, Jake Knaus, Ryver Oser, Brooks Knaus and Teagan Oser.He was preceded in death by his parents, Floyd Ernest Rose, died June 17, 1986 and Jean (Scudder) Rose, died September 4, 2016 and his brother, Darren Lee Rose, died November 19, 2014.Funeral services will be conducted Friday, August 16, 2019, at 1:00 p.m., by Rev. Mike Jones, at the Haskell & Morrison Funeral Home, 208 Ferry Street, Vevay, Indiana 47043.Interment will follow in the Eastview Cemetery, Patriot, Indiana.Friends may call 11:00 a.m. – 1:00 p.m., Friday, August 16, 2019, at the Haskell & Morrison Funeral Home, 208 Ferry Street, Vevay, Indiana 47043.Memorial contributions may be made to Mr. Danny Ray Rose Memorial Fund c/o Haskell & Morrison Funeral Home. Cards are available at the funeral home or online at www.haskellandmorrison.com
Roberto Soldado would love nothing more than to forge a strike partnership with Gareth Bale at Tottenham next season, as he travelled to London to complete his move from Valencia. In light of Gareth Bale’s proposed move from Tottenham to Real Madrid, we take a look back at some previous record breaking transfer fees 2000: Hernan Crespo
Parma to Lazio: £35.5m 1973: Johann Cruyff
Ajax to Barcelona: £922,000 1990: Roberto Baggio
Fiorentina to Juventus: £8m 2009: Cristiano Ronaldo
Manchester United to Real Madrid: £80m 1998: Denilson
Sao Paolo to Real Betis: £21.5m 1992: Jean-Pierre Papin
Marseille to AC Milan: £10m slide 1 of 20 1992: Gianluca Vialli
Sampdoria to Juventus: £12m Close In light of Gareth Bale’s proposed move from Tottenham to Real Madrid, we take a look back at some previous record breaking transfer fees 1976: Paolo Rossi
Vicenza to Juventus: £1.75m In light of Gareth Bale’s proposed move from Tottenham to Real Madrid, we take a look back at some previous record breaking transfer fees Previous Next Spurs boss Andre Villas-Boas has been keen to bring in some attacking reinforcements and has long been an admirer of 28-year-old Soldado, a prolific goalscorer in the Primera Division. The deal, though, is likely to have cost the north London club around £26million – the buy-out clause which last week Valencia president Amadeo Salvo warned would have to be met to prise the striker away. If so, it would see Tottenham break the club transfer record set when they signed Paulinho for £17m from Corinthians earlier in the summer. Twitter 1975: Giuseppe Savoldi
Bologna to Napoli: £1.2 million 2000: Luis Figo
Barcelona to Real Madrid: £37m 1984: Diego Maradona
Barcelona to Napoli: £5m However, were Bale to be sold to Real Madrid – who are ready to pay a world-record £85m for the Wales international – then that outlay on new players would be offset entirely, opening up the possibility of a move for Roma’s Argentina forward Erik Lamela. Soldado, though, would relish the chance to link up with Bale, whose 21 Barclays Premier League goals earned him the Professional Footballers’ Association Player of the Year and Football Writers’ Association Footballer of the Year accolades, but could not secure a top-four finish. Speaking to reporters at Valencia airport before boarding a flight to London to undergo his medical, the 28-year-old was quoted as saying by Spanish newspaper AS: “Bale is a great footballer and you can see the effort Tottenham are making to prevent him from leaving. Of course I want him to stay.” Soldado, however, also left with a parting shot at Los Che, adding: “I am leaving Valencia because I don’t trust or believe in this project.” The forward impressed at Valencia after joining from Getafe three years ago, plundering 80 goals during his 146 appearances for the Mestalla club. He netted 24 goals in La Liga last season and has become an established member of the Spain national team, helping his country finish as runners-up at this summer’s Confederations Cup. Soldado hails from Valencia, but began his career at Real Madrid, scoring 63 goals in 120 league appearances for the B side, Real Madrid Castilla. He also represented the senior team on 16 occasions. The Spaniard’s impending arrival boosts a Spurs strikeforce that was found light last season, with Jermain Defoe and Emmanuel Adebayor the first team’s only out-and-out frontmen. Tottenham have also brought in Belgian winger Nacer Chadli from FC Twente, in a deal which is reported to have cost around £7m. 1992: Gianluigi Lentini
Torino to AC Milan: £13m 1996: Alan Shearer
Blackburn Rovers to Newcastle United: £15m 1999: Christian Vieiri
Lazio to Inter Milan: £32m 2001: Zinedine Zidane
Juventus to Real Madrid: £53m 1982: Diego Maradona
Boca Juniors to Barcelona: £3m 1987: Ruud Gullitt
PSV Eindhoven to AC Milan: £6m Press Association Email 2009: Kaka
AC Milan to Real Madrid: £56m 1/20 Facebook 1997: Ronaldo
Barcelona to Inter Milan: £19.5m Whatsapp
SOHAIL Tanvir and Chris Lynn led a good all-round showing from Guyana Amazon Warriors, to notch up a tight win over Jamaica Tallawahs in the first playoff in St Kitt on Wednesday night, thereby booking their place in the final of CPL 2016. Tallawahs will have a second shot at the final come tonight when they play the winner of last night’s second playoff between Trinbago Knight Riders and St Lucia Zouks.Tanvir starred with bat and ball – he finished with standout figures of 2 for 24 to help restrict Tallawahs to 146, before applying the crucial finishing touches to the run chase, wrapping it up with a mighty six over midwicket with two balls to spare.After asking Tallawahs to bat first, Amazon Warriors put in a solid bowling performance on a pitch that was not ideal for strokeplay. Tanvir was ably supported by the rest of the bowlers, who managed to keep things fairly tight and take wickets at regular intervals. Captain Rayad Emrit took three wickets, while Chris Barnwell, Adam Zampa and Veerasammy Permaul chipped in with one each.Tallawahs’ struggles with the bat were perhaps best encapsulated by the innings of their top scorer and captai Chris Gayle, who was unable to up the pace in a knock of 33 off 36. In post-match comments, Gayle drew attention to the tricky nature of the pitch, but acknowledged that Tallawahs were probably 20 runs short.Amazon Warriors’ chase was anchored by Lynn’s 47-ball 49, as others played around him. However, when Lynn became the fifth wicket to fall, Amazon Warriors still required 38 off 22. The 18th over proved to be the decisive one.After Tanvir launched the second ball over midwicket for six, Rovman Powell, bowling his first over of the match, delivered a full toss above waist height. The free-hit that followed was hit for four and, thereafter, a combination of singles and wides yielded 17 runs off the over.With the equation reduced to 13 off 12, Tanvir and Emrit milked ones and twos until, with three needed off the last three balls, Tanvir finished it off with another gigantic six.After the game, Emrit said he felt Amazon Warriors had yet to play their “best game”. He’ll be hoping they’ve saved that best for Sunday’s final.
… Jofra Archer left out of first TestENGLAND’S bid to regain the Ashes from Australia begins with the first Test at Edgbaston today.The home side won the World Cup just over two weeks ago but were beaten 4-0, on their tour Down Under in 2017-18.England have not lost a home Ashes series since 2001 and have not lost at Edgbaston to any side in 11 years.They have opted against handing a debut to pace bowler Jofra Archer, instead preferring Chris Woakes on his home ground.Australia are yet to confirm their team, but batsmen Steve Smith, David Warner and Cameron Bancroft are in line to play Test cricket for the first time since being banned for their part in the ball-tampering scandal on the tour of South Africa in 2018.The series, the latest start to an Ashes in the UK, will move on to Lord’s, Headingley and Old Trafford before the urn is lifted at The Oval after a fifth Test that begins on September 12.England captain Joe Root was on his first tour in charge 18 months ago, when England were outplayed on the field and dogged by problems off it.Ben Stokes, this week restored as Test vice-captain, missed the tour after an incident outside a Bristol nightclub, and wicketkeeper Jonny Bairstow was accused of ‘headbutting’ Bancroft in the same Perth bar where England Lions batsman Ben Duckett later poured a drink over James Anderson.“You look back at an experience like that and take as much out of it as you can,” said 28-year-old Root. “I felt absolutely gutted and raw at the end of it.“I never want to lose a big series like the Ashes, but it does make you more steely and desperate to turn things around this time.”Until 2005, England went 20 years without lifting the urn on home soil. Since then, each captain – Michael Vaughan, Andrew Strauss and Alastair Cook twice – has got his hands on the tiny trophy at The Oval.Although Root admitted he had “dreamt” about joining them, he said his team must focus on playing “strong cricket”.“It’s easy to get carried away in a dream world and it is something growing up as a kid you want to be a part of,” he told BBC Sport.“It’s an opportunity for this team to put themselves in the bracket with some famous teams, but we have to earn that right. We have to play some good cricket to get there and we’re more than capable of doing so.”For Australia, today sees them return to the ground where they were heavily defeated by England in the World Cup semi-final this month.Edgbaston is famous for its partisan support of the home team, but Paine claimed he could name 15 more intimidating venues in world cricket.“It’s great to be out on the ground. It’s not as great if you’re the person copping the songs, but it’s one of those things,” he said.“The guys are looking forward to that. It’s part and parcel of coming here and it can sometimes bind the group and make them even better.“We’ve spoken about making sure we’re driving our own energy, building our own atmosphere out on the ground. If we can do that we know that our own circle is unbreakable.”Paine took over as captain following the sandpaper scandal that saw then-captain Smith and deputy Warner banned for a year and opening batsman Bancroft for nine months.Smith and Warner were booed throughout the World Cup, and wicketkeeper Paine said: “We spoke about the fact we think it’s going to go up a notch.“It’s got the potential to unsettle anyone,” he said. “They’re human beings. They’ve got feelings. They’re no different to anyone else.”WHERE WILL THE ASHES BE WON AND LOST?Curiously, there is a similar look to the strengths and weaknesses of both sides.Whereas each team is stacked with fast-bowling options, their batting looks vulnerable, especially in English conditions that usually favour the seamers.England have Archer, all-rounder Sam Curran and Mark Wood, who is currently nursing a side injury, waiting in the wings, while Australia have only three places for Pat Cummins, Mitchell Starc, James Pattinson, Peter Siddle and Josh Hazlewood.However, the hosts were bowled out for only 85 in their win over Ireland at Lord’s last week, with Root now opting to promote himself from number four to three in a bid to stiffen the top order.With Australia similarly fragile, it is a huge boost for the tourists to be able to call on Warner and Smith, who was man-of-the-series in the last Ashes thanks to his 687 runs at an average of 137.On a wet Wednesday at Edgbaston, Root was asked if it will be a pattern of the series for the batsmen to struggle.“It will play a massive hand, especially if conditions are how they are today,” he said. “It’s not like sides have been consistently banging out 500 around the world, never mind in England or Australia. That has been the rhythm of cricket globally in this format.“There is a lot of talk about bowlers, but with that comes the opportunity for batters to prove a point.”As interesting as the action with bat and ball will be the interaction between the two sides.The last series down under was occasionally bad-tempered, but since then both teams have looked at their conduct – England in the wake of the Stokes incident, Australia after the ball-tampering affair.Not only that, but also that England and Australia players have featured in global Twenty20 leagues together. Bairstow and Warner, for example, have opened together with great success in the Indian Premier League. (BBC Sport)
BRYAN FAUST/Herald photoThere has been a lot of conjecture this past week on the future of Marcus Landry. Finally, at a press conference Monday, the freshman forward announced that he has been ruled academically ineligible for the spring 2006 semester and will be forced to sit out for the remainder of the season.”As many of you know I have just found out that I have been ruled ineligible to play basketball this semester,” Landry said. “The reason that this is so late and that you are finding out about this now is because I was going through a process that every student is allowed to go through with my professors in finding out what I could have done to get a better grade or what little thing I could have done to have been eligible to play basketball.”I do have a slight disability that is being worked on as we speak, and I was going through the process of talking to my professors,” Landry continued. “It was a little confusing with some of my professors in the way I was supposed to take test. I did retake some tests and I passed them, but some of the professors I was unable to get through and unable to get changed what I had done (sic).”Hailing from Milwaukee, Landry attended Vincent High School where he was a unanimous first-team all-State selection by the Associated Press. According to Landry, his skills on the court gave him a chance that not many students from his high school receive in attending an academic institution such as UW.”Many kids from Vincent High School don’t get this kind of opportunity to play or to even get into a school like this,” Landry explained. “I’m one of the students that took on this challenge from Milwaukee’s Vincent and I’m here and I’m not going to stop fighting or stop working.”Before being ruled ineligible, Landry was averaging six points and three rebounds a game. Landry was also averaging 15.4 minutes a game. Now Landry will be required to sit on the bench and watch his teammates as they attempt to close out the Big Ten season on a winning note.”I’m looking forward to helping my team in any way that I can when I’m not playing. … I was only hundredths of a point a way from being eligible and it hurts me and I know it hurts my teammates, but we are all in this together and we are all going to be strong.”I’m sorry and I’m going to move forward and try to do my best to succeed in the end.”
Kevin Starr, a California historian and professor at the USC Dornsife College of Letters, Arts and Sciences, died on Jan. 14 of a heart attack in San Francisco, Calif. He was 76.Starr joined the USC faculty in 1989 as a professor of history and policy, planning and development.“Professor Starr was our dear friend, a beloved teacher and a USC treasure, but he truly belonged to the world,” USC President C. L. Max Nikias said, according to USC News. “His bright mind, rigorous intellect and passion for language will be deeply missed.”Starr was known for writing the eight-volume series Americans and the California Dream, which documented the history of California, and various other books about the history of the state.He earned his Ph.D. in English and American literature at Harvard University in 1969. He also earned a Master’s in library science from the University of California, Berkeley in 1974. “Kevin Starr chronicled the history of California as no one else,” Gov. Jerry Brown said in a statement. “He captured the spirit of our state and brought to life the characters and personalities that made the California story.”Starr also served as California’s state librarian from 1994 to 2004, when then-governor Arnold Schwarzenegger named him State Librarian Emeritus. Starr received the Presidential Medal from USC in 2005, and the next year, President George W. Bush awarded him the National Humanities Medal.In 2016, Starr published Continental Ambitions: Roman Catholics in North America: the Colonial Experience, and was writing the sequel when he died, according to The New York Times.“Kevin wrote ‘til the day he died. He was a productive and indefatigable scholar and the greatest historian of California,” said fellow USC professor Dana Gioia, according to The Orange County Register. “People who knew him held him in enormous affection because any situation was always better if he was around.”Kevin Starr is survived by his wife, Sheila Starr; two daughters, Jessica Starr and Marian Starr Imperatore; and seven grandchildren.