Justice Ruth Bader Ginsburg returns to the bench after suffering fractured ribs

first_imgAlex Wong/Getty Images(WASHINGTON) — Supreme Court Justice Ruth Bader Ginsburg was back on the bench Monday in time for the first oral arguments since she fell earlier this month and suffered three fractured ribs.Ginsburg, 85, fell on the last day of the November sitting, which ended on Nov. 7, and returned in time for the start of the December sitting, which began Monday. She fell in her office on a Wednesday evening, according to a spokeswoman for the Supreme Court, and went to the hospital early the following morning. She was discharged the next day after observation and treatment.Though Ginsburg reportedly wasn’t at court for routine business on the Tuesday morning after her fall, she returned to her office that afternoon. Her Monday return means she has yet to miss a single day of oral arguments since joining the court in 1993. Just over a week after her fall, Ginsburg attended a Medal of Freedom ceremony at the White House for her friend, the late Justice Antonin Scalia, where she received warm praise from the president and Sen. Orrin Hatch, R-Utah, for her quick recovery.According to Oyez, a law project organized by Cornell University and Chicago-Kent College of Law, Ginsburg didn’t miss oral arguments while undergoing chemotherapy for pancreatic cancer, recovering from surgery for colon cancer or the day after her husband died in 2010.It’s also not the first time Ginsburg has injured her ribs. She broke two ribs in June of 2012, then 79, but continued to work after the incident.Ginsburg is one of four liberal-leaning justices, including Justices Stephen G. Breyer, Sonia Sotomayor and Elena Kagan. With the recent addition of Justice Brett Kavanaugh, President Donald Trump’s Supreme Court pick who faced sexual assault allegations during his nomination process, the liberal-leaning justices are in the minority on the court.Monday’s first argument involved Apple v. Pepper, an antitrust case against Apple that looks at iPhone apps.Copyright © 2018, ABC Radio. All rights reserved.last_img read more

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Friday people roundup

first_imgEuropean Parliament – The economic and monetary affairs committee (ECON) of the European Parliament has appointed Kay Swinburne, of the European Conservatives and Reformists group, as co-rapporteur on the legislative file on the recovery and resolution of central counterparties. The European Commission in early December published a legislative proposal for a regulation on this issue. Swinburne was the rapporteur on the own initiative (non-legislative) report that was the precursor to the legislative report.Hedge Fund Standards Board – Luke Ellis, chief executive at Man Group, and Henry Kenner, chief executive and founder of Arrowgrass Capital Partners, have been appointed to the board. The HFSB – the global standard-setting body for the alternative investment industry and custodian of the Hedge Fund Standards – also announced that it was forming a working group on liquid alternatives. Edmond de Rothschild Group, Swiss Life Asset Managers, The Pensions Regulator, European Parliament, Hedge Fund Standards Board, Man Group, Arrowgrass Capital PartnersEdmond de Rothschild Group – Vincent Taupin has been named head of the global asset management division, following the resignation of Roderick Munsters. Munsters quit the firm “for personal reasons”, the Edmond de Rothschild Group said in a statement. He had been in charge of the asset management group for just seven months, having succeeded Laurent Tignard in May. Taupin will take on the new role from 1 January. He was previously chair of the executive board of Edmond de Rothschild’s French operations. The company has also appointed Didier Deléage as chief executive of Edmond de Rothschild Asset Management (France). He is currently global COO for the asset management firm.Swiss Life Asset Managers – Michael Klose is to become chief executive of third-party asset management at Swiss Life Asset Managers as of 1 January 2017. He succeeds Thierry Van Rossum, who in future will be concentrating entirely on his function as CIO of Swiss Life France and will continue to serve as chief executive at Swiss Life Asset Management (France).The Pensions Regulator (TPR) – Three non-executive directors have been appointed to the UK regulator’s board. Kirstin Baker will join on 1 February 2017, followed by Robert Herga on 1 July 2017. David Martin is being re-appointed on 1 February, following an open competition. The appointments are for four years and four months. They fill vacancies created by the departures of Graham Mayes and Ann Berresford, whose terms of office come to an end in 2017.last_img read more

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Swiss corporate pension funds slash conversion rates, study shows

first_imgHeadquarters of the SIX Swiss stock exchangeThe expected pension of an employee who was currently 25 years old would be around 3.1 times higher than the prescribed legal minimum if he or she was contributing to the best plan. If the employee worked at the company with the worst plan, the pension would be only 1.3 times higher than the legal minimum, according to Willis Towers Watson. This discrepancy grew with age, income and the amount of vested benefits when joining a pension fund.The technical interest rates used by corporate pension funds varied from 1.75% to 3%, and were noticeably lower than in the consultancy’s 2015 study.The technical interest rate (technischer Zins or taux téchnique) determines the return on capital for pensioners. The conversion rate, another key parameter in Swiss pensions (Umwandlungssatz, taux de conversion), determines the pension a member is entitled to upon retirement. All else being equal, a lower conversion rate means a smaller pension.“In reality, there is a redistribution from active members to pensioners.”Eileen Long, senior consultant at WTWEileen Long, senior consultant at Willis Towers Watson, said it was interesting to compare the technical interest rate with the return credited to active members’ capital. “Ideally they would be identical,” she said. “In reality the former tends to be higher, which means there is a redistribution from active members to pensioners.”However, many pension funds last year were able to provide active members with a return above the legal minimum – 1.69% as opposed to 1.25%. This was due to generally good returns and a stable financial situation. However, a wide spectrum – ranging between 0.75% and 2.75% – showed how different the individual pension solutions were in practice, the consultancy saidThe conversion rates for the non-mandatory portion of active members’ accumulated assets had also fallen, Willis Towers Watson said.  They ranged between 4.7% and 6.4%. Such large spans were in evidence from previous studies, but the minimum and maximum values had fallen sharply, according to the consultancy. This was also the case for the average conversion rate upon retirement at the age of 65, which had continuously dropped over the past few years. Only 17.4% of all companies in the SLI still used a conversion rate of more than 6%.“There are different approaches to tackling declining investment returns and higher life expectancy,” said Daniel Blatter, consultant at Willis Towers Watson. “However, the trend towards falling conversion rates is in evidence [at all corporate schemes] and leads to lower retirement benefits.” A 25-year old in Switzerland today would be set for a corporate workplace pension five percentage points lower than that of a compatriot only a few years older, according to a study by Willis Towers Watson.It found that retirement benefit levels were falling although contributions were, on average, increasing.The consultancy’s Swiss arm regularly carries out a benchmarking study of the pension plans of companies making up the Swiss Leaders Index (SLI). This comprises the issuers of the 30 largest and most liquid securities in the Swiss equity market. Companies such as ABB, Julius Baer and Nestlé are currently in the index.Willis Towers Watson’s 2017 study covered 23 of the 30 companies in the SLI. According to the consultancy’s study, there were significant differences between individual corporate pension funds and their sponsors in relation to various factors. This led to significant performance differences, so that the retirement benefits of one corporate pension fund could be worth only half those of another.last_img read more

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Tickets on sale for the betting industry’s end of year celebration

first_imgShare StumbleUpon Related Articles Björn Nilsson: How Triggy is delivering digestible data through pre-set triggers August 28, 2020 Spotlight delivers Racing Post translated services for Pari-Engineering Russia August 26, 2020 SBC Awards: The key to an effective submission August 28, 2020 Share Submit Single tickets and part tables are now available for booking ahead of this year’s new look SBC Awards, which takes place on Tuesday 5 December in central London.More than 500 people will be at The Artillery Garden at the HAC, a stunning UK capital city venue, for the presentation of the 17 Supplier awards and 11 Operator/Affiliate awards.Guests on the night will include representatives of headline sponsors OPTIMA and Golden Race, while the list of companies to secure an early table booking includes VSoftCo, Racing Post, HiPay, Perform, Square in the Air, Trustly, InBet Games, Vermantia, FavBet, bet365, Sporting Solutions and Jeton.Joining this perfectly timed Christmas themed celebration, complete with a bespoke ‘Boogie Wonder Nights’ show and in-built dodgems, will also be a string of last year’s prize winners.Harry Lang, Marketing Director for last year’s Esports Bookmaker of the Year, said: “Winning the SBC Esports Bookmaker of the Year in 2016 was a great honour for Pinnacle and one every member of the business was very proud of. The SBC Awards are a highlight of the pre-Christmas calendar and hopefully we can repeat our success this year. Whatever happens, it’s a night not to be missed.”Andy Wright, Head of Trading for last year’s Football Bookmaker of the Year Sky Bet, added: “It has been another massive year for Sky Bet, as we continually evolve our products to cater for the demands of our players. Winning the Football Bookmaker of the Year at last year’s SBC Awards gave the entire team a boost in the build up to Christmas. Given the ongoing popularity of our sportsbook, we expect to be in the shake up for prizes again.”There are still tables available with a champagne and cocktail reception, three-course seated dinner and unlimited drinks, while there is more limited availability around the VIP tables, which also come with full company branding and five free bottles of champagne.Meanwhile, having expanded the awards ceremony to cover 28 categories, SBC Events has received a record number of nominations from all areas of the sports betting industry.Now that the nomination deadline has passed, SBC Events will draw up shortlists for each of the categories. The Operator/Affiliate Awards will then be put to a vote by anyone that attended this year’s Betting on Football and Betting on Sports conferences, while nominees for the Supplier Awards will be assessed by a hand-picked panel of experts.SBC Managing Director Andrew McCarron concluded: “We’re delighted with the number of companies who have put themselves forward for one or more of the 28 awards designed to recognise excellence across the sports betting industry.”Anyone wishing to book individual tickets to celebrate an outstanding year for the sports betting industry, please email [email protected] for more information.last_img read more

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Railcar refurbishing plant will bring 263 jobs to Clarksville

first_imgCLARKSVILLE — A Dallas, Texas based company specializing in railcar renovation and manufacturing plans to build a new plant near the Butler County town of Clarksville.Clarksville Mayor Val Swinton says TrinityRail will build s largest location on 230 acres west of the Highway 3 ethanol plant starting in July.“We’re very excited about this, they seem very responsible and a good-hearted company that wants to be responsible to our area,” according to Swinton.The plant will start with 263 jobs and Swinton he says the company will plans to grow to 500 total employees. Most will be welders and painters. He says it will be a major investment for the town.  “It’ll impact us not only by pumping money into our local economy, but they’ll be looking for homes — these new workers who are coming in — so that’s going to affect our housing market,” he says. “Hopefully it’ll affect our schools. We’re hoping that there will be some younger people with kids that we can incorporate into our schools. So, hopefully it will have an overall very positive impact.”TrinityRail’s websits says the company is North America’s leading manufacturer of railcars with the country’s largest fleet of 122,000 cars. They also provide parts, maintenance and investor services. Swinton says workers at the new Clarksville plant will renovate old railcars. “They’ll clean out the inside of the tank. Depending on what kinds of materials they haul they may put in a new lining. They’ll replace the wheels…things along that line. Wheels when they wear out after so many miles,” Swinton says.He added Butler County was selected from 75 nation-wide options and then was narrowed to ten before being selected in part due to the nearby Iowa Northern Railroad. Swinton says the town of 1,300 has some work to do to prepare for the new company. He says the plant should be optional by next June.The Iowa Economic Development Authority board awarded $3.45 million in tax credits and tax refunds to the company. State documents show Trinity plans invest nearly $49 million in the 230-acre site.last_img read more

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Overtime 10-16-13

first_imgFollow @NewPghCourier on Twitter  https://twitter.com/NewPghCourierLike us at https://www.facebook.com/pages/New-Pittsburgh-Courier/143866755628836?ref=hlDownload our mobile app at http://www.appshopper.com/news/new-pittsburgh-courier BILL NEAL :10 Ring…Rriinngg…Rrriiinnnggg, Yo! Smitty’s Bar and Grill, YOU STAB-UM, WE’LL SLAB-UM! Who?…Who!…Speak up. I can’t hear ya. Mike who?…Oh, you mean Coach Tomlin.  Yeah, he’s here, but he can’t come to the phone.  He’s in the back room with “Some Guys” and said he didn’t want to be disturbed by anybody for anything!  Well, tell him it’s Bill Cowher. Maybe he’ll pick up. OK, hold on a minute.  I’ll see what he says…(“Minute up”) yo Bill, Coach Mike said not to worry. He’s got this New York Jets game in the bag.  Hey Bill, one other thing, don’t tell anybody I said this, but “The Guys” Coach Mike is talking with have never been around here before…and they’re in town from New York…I mean, the black suits, dark glasses and black gloves. I don’tknow what to make of it but I overheard Mr. Gambino tell Coach Mike “Not to worry. Everything has been taken care of…You know what I mean!!!”:09 Here’s a double dip on your movie tip, and I know how you like to double dip.  Yes you do…yes you do…now shut up and enjoy!  Movie No. 1 “Prisoners” starring Hugh Jackman, Jake Gyllenhaal and Terrence Howard, a dark, dark, dark drama about child abduction. Don’t go alone—and don’t go at night. Now you’ve been warned! I give it 4 basketballs. Movie No. 2…just for you…“Captain Phillips” starring Tom Hanks and a bunch of real ugly cats playing Somalia’s  (that’s people from Somalia for you Pea­body High School grads). Hey, don’t hate me. I am just telling ya what I saw. Real good movie. I give it 3 basketballs because we know how it ends…and it ain’t pretty!:08 If you saw Troy Polamalu deliver the hit on Steven Hill, you now understand what I mean when I said the Steelers must bring more of the mean and nasty!!!  And you noticed he didn’t try to help him up or see if he’s OK.  When you’re 0-4, you shouldn’t care if he’s OK.  I am just saying!:07 Man, it’s hard to believe L.C. Greenwood is gone. That one really hurt!:06 Word to the wise.  Everyone reading the Pittsburgh Courier…and there’s not enough of you…we all need to be about the business of saving the August Wilson Center.  To lose it would not only be a black eye for the City, but for Black folks too.:05 Penn Hills High School football is back on track, but that’s not the point. Get out and support your local team and support the good kids doing good things. Hey, take a kid to lunch after a game, win or lose. C’mon man!:04 Champion Enterprises is still looking for volunteers. People who care about improving the quality of our community and the lives of our young people. Call “The Champions” at 412-628-4856 if you’re interested. Serious inquiries only please!:03 Donald Scott, former great power lifter, I just got your letter from two years ago. Big mix-up at the office. Hit me back if you get this. I got you!:02 By now even you Aliquippa grads know that the Pirates are out of the playoffs. Opps, my bad, I am assuming the Mayor and Kevin Cameron got the electricity turned back on out there. Anyway, no one should have a bad word to say about the finish.  This is the best finish we’ve had in 20 years!:01 Here’s a rare but necessary second “I am just saying!” But it is possible that Le’Veon Bell is not the real deal. A few of those runs Barry Sanders would have broke for big gains.  Wait, what the hell am I talking about.  Forget I said that.:00 Oh, by the way, the Penguins are playing. I think they’re 4 and 1 or something.  Can’t lie. That’s all I got!~ GAME  OVER ~last_img read more

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Spurs hire WNBA star Becky Hammon as assistant

first_imgIn this July 1, 2014 file photo, San Antonio Stars’ Becky Hammon, right, drives to the basket as Connecticut Sun’s Chiney Ogwumike, left, defends during the second half of a WNBA basketball game in Uncasville, Conn. (AP Photo/Jessica Hill, File)As a 5-foot-6 point guard, decorated WNBA veteran Becky Hammon has never had the experience of shattering a backboard with a dunk.She’s busting through the glass ceiling instead.The San Antonio Spurs hired Hammon as an assistant coach on Tuesday, making her the first full-time, paid female assistant on an NBA coaching staff. When Hammon retires from her 16-year WNBA career at the end of the San Antonio Stars’ season, she will immediately move to the staff of the defending NBA champions, working with the revered Gregg Popovich on scouting, game-planning and the day-to-day grind of practice like no woman has ever done before.“Nothing in my life has really ever been easy. I’ve always been someone who did it uphill,” Hammon said. “I’m up for challenges. I’m up for being outside the box, making tough decisions and challenges. … And I’m a little bit of an adrenaline junkie. Throw those all in there and this was the perfect challenge and opportunity.”That makes her fit right in with the Spurs, an organization with a reputation for bold decisions. Popovich and general manager R.C. Buford have long been at the forefront of the league’s international influx and earlier this summer hired European coaching legend Ettore Messina as an assistant.During the 2001-02 season, Cleveland Cavaliers coach John Lucas brought Lisa Boyer into the team’s practices and some games. Boyer, now an assistant at South Carolina, was not paid by the Cavaliers and did not travel with the team, but did work with the players and coaches that season.“I very much look forward to the addition of Becky Hammon to our staff,” Popovich said in a statement released by the team. “Having observed her working with our team this past season, I’m confident her basketball IQ, work ethic and interpersonal skills will be a great benefit to the Spurs.”But Popovich and Buford were not available in person and Hammon had the spotlight entirely to herself.“Congratulations to Becky on today’s announcement,” Boyer said in a statement. “It’s a great thing for her and for the NBA. I am still so thankful to John Lucas for giving me the opportunity to work with his NBA team during my time with the Cleveland Rockers. His staff and players welcomed me as a coach, and it was an incredible experience for me to spend that season with them.”Last season, Hammon attended Spurs practices, film sessions and sat behind the bench at home game after suffering a torn ACL that kept her from playing. She’s been friends with Tony Parker and Tim Duncan since competing in an NBA All-Star shooting competition in 2008, a familiarity that will help as she makes her transition to coaching the two stars.“As far as women coaching men, it’s really silly. People ask me all the time, will there ever be a woman player in the NBA?” Hammon said. “To be honest, no. There are differences. The guys are too big, too strong and that’s just the way it is.“But when it comes to things of the mind, things like coaching, game-planning, coming up with offensive and defensive schemes, there’s no reason why a woman couldn’t be in the mix and shouldn’t be in the mix.”It’s been a long time coming for female basketball players and coaches who have long dreamed of getting a chance in the NBA.“I was so excited and pleased and the one thing that people have to remember is that the San Antonio Spurs don’t do anything for effect,” said Nancy Lieberman, a former star player who was a head coach in the NBA Development League in 2009 and now serves as the GM of the Texas Legends. “That’s not who they are. They don’t do this for the record-breaking barrier. They do things out of respect.“And the fact that coach Popovich has this much respect for Becky’s basketball IQ, for how she handles herself with the guys in practice, her ability to relate to them, I’m sure he saw so much when she was working with them last fall. I’m sure he didn’t hire her because she was a woman. I’m sure he hired her because she was the best person for the job.”“This will open the door for other women, even like myself,” Lieberman added. “My goal is to coach in the NBA and you’ve got to start somewhere. So this is a great day.”Charlotte Hornets sideline reporter Stephanie Ready, who served as an assistant on the Coppin State men’s team as well as in the D-League, called Popovich the perfect person to hire Hammon “because he’s proven he has a tremendous track record and he does not make bad decisions.”“That’s the first step, having the precedent set is very important,” Ready said. “A lot of it also is now women will know these jobs are available. In the past, a lot of women probably didn’t try because they didn’t think it was possible. I think you may very well see an increase in seeing some females hired.”Hammon has a reputation of being a smart, hard-nosed, tough-minded player. She made six All-Star teams and averaged 13.1 points in her 16 seasons with the Stars and New York Liberty.Hammon was receiving congratulatory messages from all over, including from Lieberman, Boyer and Lakers star Kobe Bryant.“I love seeing people I’ve been involved with have an opportunity in life to have these types of experiences,” said Stars coach Dan Hughes, who has coached Hammon for eight years. “This one is unique. She’s ready for it, she’ll do a great job.”Even tennis great Billie Jean King weighed in on the hire, congratulating the Spurs for acquiring “a key person based on their qualifications and not allowing gender to play a role in their decision.”But like it was only a matter of time before a woman got a chance to coach in the NBA, it’s also only a matter of time before said coach finds herself in Popovich’s crosshairs.“I’m sure Pop will be yelling at me soon enough,” Hammon said, “with the rest of them.”___AP Basketball Writer Doug Feinberg and AP Sports Writer Melissa Murphy in New York and AP freelance writer Raul Dominguez in San Antonio contributed to this report.last_img read more

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