Blogs

LD returns 8.7% in 2014 on Danish equities, US investment growth

first_imgDenmark’s LD pension fund reported an investment return of 8.7% for 2014, and said strong returns on Danish shares and US investments in general had pushed profits higher.The return compares with 8.8% for the previous year.LD director Dorrit Vanglo said: “This is a really good result that we are very pleased with — seen both in the light of modest growth in the economy and the very low level of inflation.”While rising prices on the Danish equities market helped drive overall investment returns higher, the fall in interest rates over the year had increased profits on both general bonds and corporate bonds, LD said. “We have had positive returns in all funds, and when we look outside the country’s borders, it was particularly investments in the US that gave good results,” said Vanglo.She predicted that it would be the US that pulled the world economy forward in 2015 as well.At the same time, the stronger dollar meant goods produced in Europe would be relatively cheaper, thus making European business more competitive, she said.Assets under management rose by DKK1.2bn (€161m) in 2014 to end the year at DKK54.6bn, after payments made to members of DKK2.5bn.LD is a non-contributory pension scheme based on cost-of-living allowances granted to workers in 1980, and as such it receives no new contribution inflows.Vanglo said LD’s costs were being kept to an absolute minimum.“There are just 15 staff at LD and we have tight control over our suppliers, under which costs fall when overall assets and the number of members fall,” she said.For more on LD’s investment startegy, see investment editor Martin Steward’s interview with Dorrit Vanglolast_img read more

Espenido in Du30 narco list? Fake news – Palace

first_img“We really do not know the reason. Basta kami kun may order, ga-follow lang kami,” said Police Lieutenant Colonel Joem Malong, regionalpolice information officer. It was issued some two weeks afterEspenido described Bacolod City as “shabulized”. The Duterte administration has beengoing after Rappler since last year. It filed 11 cases against the online newssite, its chief executive officer Maria Ressa and its reporters. Rapplerdescribed this as a “clear form of continuing intimidation and harassment…andan attempt to silence journalists.” The Palace spokesperson, however,admitted having no idea about the narco list. But presidential spokesperson SalvadorPanelo said, “Espenido in the narco list? Sinonaglagay doon? Galing pala sa Rappler. ‘Paggaling sa Rappler eh questionable.” Combined photo of Police Lieutenant Colonel Jovie Espenido (left) and Presidential spokesperson Salvador Panelo. He was the police chief of Albuera,Leyte when the town’s then mayor Rolando Espinosa, a detained drug suspect, wasshot dead inside his jail cell in 2016 in a police operation to serve a searchwarrant. “I am saying that if it’s coming fromRappler, which is known for spreading fake news, medyo I will have to confirm whether it is true or not,” saidPanelo. “Hindiko alam kung kasali o hindi but (what) I amtelling you is we have to validate that,” Panelo said. “We will check kung totoo o hindi. Iva-validate natin ang veracity ng report.” Espenido became the face of theDuterte administration’s war against illegal drugs following two operationsthat led to the death of two prominent suspected drug personalities. Citing two police generals as sources,online news website Rappler reported yesterday that Espenido was in thePresident’s narco list.center_img The relief order from the PhilippineNational Police (PNP) national headquarters was dated Feb. 5 yet but wasreceived by the PRO-6 only on Feb. 7. For its part, the Police RegionalOffice 6 (PRO-6) stressed having no knowledge of the reasons behind Espenido’ssudden relief from the BCPO. The order came from the PNP chiefhimself, Police Lieutenant General Archie Gamboa. He reassigned Espenido to hisoffice in Camp Crame on floating status./PN Espenido was pulled out from BacolodCity Friday last week, four months after he was assigned to the BCPO by Dutertehimself. Espenido, aside from being the deputydirector for operations of the BCPO, also headed the Bacolod City DrugEnforcement Unit.  “When we received the relief order, weimmediately informed the BCPO director. The order did not state the reason,”said Malong. “Panayang huli ng pulis…Marami palang drugs,” said Espenido. As police chief in Ozamiz City in2017, Espenido led a series of drug operations that resulted to the death ofMayor Reynaldo Parojinog and 15 others also linked to illegal drugs. MANILA – Malacañang dismissed as “fakenews” the report that Police Lieutenant Colonel Jovie Espenido, former deputydirector for operations of the Bacolod City Police Office (BCPO), was in thedrug watch list of President Rodrigo Duterte.last_img read more

President Trump officially registered to vote in Palm Beach County

first_imgPresident Donald Trump and the First Lady are officially registered to vote in Florida.They registered about a month after making Mar-A-Lago their new primary residence.Trump announced this fall he would make Florida his primary residence, instead of New York’s Trump Tower, ahead of the 2020 election.Trump will be holding a campaign rally in South Florida, Nov. 26.The rally will double as a voter registration drive.He and his wife will reportedly vote at Precinct 7154, the Central Fire-Rescue Station, 355 S. County Rd in Palm Beach.last_img read more

GOP senators ask Treasury for reports on Hunter Biden

first_imgRepublican senators are asking the Treasury Department for reports on former Vice President  Joe Biden’s son.Reuters reports the Republican chairmen of two Senate committees sent a letter to the Treasury Department requesting reports of fraud or money laundering in the business dealings between Hunter Biden and a Ukraine energy firm.It is unclear at this time if any such reports exist.The request comes as Republicans look for ways to defend President Trump against a Democrat-led impeachment inquiry.This story is developing.last_img read more

Pope slaps woman’s hand to free himself from her grip

first_imgDuring Pope Francis’s greeting in St. Peter’s Square on Tuesday a woman grabbed his hand and tugged him toward her causing Pope Francis to slap the woman’s hand to free himself from her.The video shows the woman shouting at the Pope but it is not clear what she was telling him.The pope continued greeting people, but kept his distance as he was making his way to the Nativity scene at the center of Vatican City.last_img

“Forever chemicals” were found in the drinking water in Miami, other major US cities

first_imgNew tests show that potentially toxic chemicals are in the drinking water supplies of several major US cities, including Miami, New Orleans and Washington, DC,.The Environmental Working Group reported that PFAS, which are manmade chemicals, are referred to as “forever chemicals” because they don’t break down once they’re in the environment.They’re found now in nonstick products, paints, cleaning products and food packaging. The forever chemicals can harm the liver, kidney, and can lead to cancer and reproductive and developmental issues.The group tested 44 sites in 31 states and Washington. The Environmental Working Group said that the only area with clean drinking water is Meridian, Mississippi, which gets its water from a 600-foot-deep well. The areas with the highest levels of chemicals are Brunswick County, North Carolina, and Quad Cities, Iowa,last_img read more