ABP seeks to force governments to keep infrastructure promises

first_imgShe said ABP also had a negative experience with its investments in solar power generation in Spain, with the government abolishing subsidies prematurely.An investment charter with countries in which large-term investments are made should prevent governments from changing the rules for specified areas, in order to safeguard returns, she said.Wortmann-Kool also argued that a government should pay compensation for violating the charter.In her opinion, national governments would benefit from such agreements, as this would make investing more attractive.ABP’s chair declined to say whether the absence of an agreement would make or break an investment decision, but she stressed that the scheme would not invest if there were too much uncertainty.She said ABP had already started talks with the European Commission on the issue, as the EC’s €300bn investment plan had “triggered similar worries”.Wortmann-Kool took pains to underline that the pension fund also wanted to rely on existing governments’ promises for projects related to the so-called Juncker Plan.In the Netherlands, ABP is seeking to discuss the issue with the Ministry of Economic Affairs. ABP, the €356bn pension fund for Dutch civil servants, is seeking to negotiate “investment charters” with national governments to force them to keep their long-term promises.ABP chair Corien Wortmann-Kool, speaking at the World Pension Summit in The Hague, said these agreements would prevent governments from undermining pension funds’ long-term investments with sudden changes in legislation.She said pension funds were keen to increase their investments in infrastructure, climate and energy but wary of governments changing legislation and subsidy arrangements.As an example, Wortmann-Kool cited an ABP investment in toll roads in France, where the government introduced limits for raising toll tariffs, which jeopardised the expected returns.last_img read more

Rachel Rebecca (Graham) Ross, 104

first_imgRachel Rebecca Graham Ross went to be with Jesus at the age of 104 on December 16, 2019, in Greensburg, Indiana. She passed away peacefully surrounded by her family. She was a resident of Decatur County for nearly 70 years with 61 of those years in Greensburg. She was a lifelong member of the Moravian Church in Hope.Rachel was born November 29, 1915, in Hope to Clarence and Lela Schaefer Graham. Lela died five weeks after Rachel’s birth. Rachel was raised by her maternal grandparents. She had one older sister, Louise Graham Herron.She was a 1933 graduate of Hope High School. She lived through the Great Depression, losing her life savings she had put away for college. Her first job was working in a canning factory peeling tomatoes. She was a newspaper reporter for the Columbus paper going door to door around the square in Hope asking shopkeepers for news.When she was 26, she fell in love with Lewis Ross, whom she met in Hope. Lewis was drafted into the army before World War II. While he was stationed in New Jersey, ready to be deployed to Iceland, he asked his Captain for a 5-day pass to go back to Indiana to get married. Lewis and Rachel were married on April 21, 1942. The next day Lewis got back on the train to New Jersey to be deployed. During the war, Rachel worked on an assembly line making radios at Arvin’s in Columbus.Their son, William, was born in 1947. In 1950, they moved to rural Decatur County to farm. In 1958, they relocated to Greensburg. Rachel worked for 21 years at the Decatur County Hospital in Medical Records before retiring. Rachel was a former Sunday School Teacher and was very active in the Young Peoples Meetings. She was an election volunteer for many years. Rachel was a past Matron of the Lois Chapter of Eastern Star, Associate Member of Kappa Kappa Sigma Phi in Hope, member of Farm Bureau, and 4-H Leader.Rachel had fond memories of her grandchildren’s overnight stays and going to Christmas Eve services together every year. She always enjoyed the time spent together on Memorial Day and Ross Family gatherings every Thanksgiving. She enjoyed her many visits with family and friends.She loved life. She loved people. She always found something to be thankful for and was full of joy.She was preceded in death by her husband of 51 years on February 10, 1994.Survivors include her son William (Bill); daughter-in-law Dianna; three grandchildren, Kelli, Angie (Gray), and John; her nephew Archie Bill (Herron); many cousins, nieces, nephews, and friends.She was preceded in death by her parents, her sister, many sisters-in-law and brothers-in-law, three half brothers, and her grandson-in-law William Gray.Services will be conducted at the Moravian Church at 202 Main Street, Hope, Indiana 47246. The visitation will be from 2-4 on Sunday, December 22nd with the funeral service following at 4. Burial will be at the Moravian Church cemetery at 11 on Monday, December 23rd.Rachel desired that in lieu of flowers, memorial contributions be made to the Perpetual Fund of the Moravian Church and Our Hospice of South Central Indiana.  Online condolences can be made to the family at www.gilliland-howe.com.last_img read more

GTT adds mini football tournament to Pinktober calendar

first_imgStory and Photos by Jemima HolmesThe Guyana Telephone and Telegraph Company (GTT) has delved into the sport of football for the first time ever as part of its list of Pinktober activities.The game between Ministry of Public Service and GTT was quite entertainingOver the years of organising activities to bring awareness to the scourge of, and assist in the fight against, cancer, GTT had never incorporated a mainstream sporting activity into its calendar of activities. However, for 2019, the Everest Sports Club was its venue of choice, as the mini tournament was contested on Saturday last.The telecommunications company has recognised the importance of physical activity in the battle against cancer. This year’s Pinktober ambassador, Ambika Ramraj, explained why GTT chose to place such emphasis on physical activity for 2019.A glimpse of the action between the GFF and the Celebrity team“There’s a host of behaviours that we don’t really pay attention to; or lack of behaviours, such as being physically active, that can decrease our chances of having cancer. And looking back at all of those risk factors, we realise that physical activity is one of the major ones, so that’s why we decided to have a football match,” Ramraj explained to Guyana Times Sport.This year’s event took on the form of a mini football tournament wherein four teams, namely GTT, GFF, Ministry of Public Service and a Celebrity team, were involved. The Guyana Football Federation (GFF) played a key role in organising the games, which were extremely exciting. Speaking with this newscast, GFF President Wayne Forde praised GTT for the idea, and for their work in the battle against cancer.“Well, first of all, we want to congratulate the Guyana Telephone and Telegraph Company for partnering with the Federation, and for the enormous work they’ve been doing over the past couple of years to promote awareness for breast cancer and extending their work to all cancer,” Forde stated.Forde has said he is proud of the role that the GFF has played in the inaugural event, and looks forward to many more like it in future.“I think we all recognise that the Guyana Football Federation, apart from developing football, has a social role to play, and the fact that we can use football to further promote the work that GTT is doing to promote awareness for breast cancer is something that we’re proud of.“Football has a wide reach, and I think it’s a great initiative; and next year, with the requisite planner, it can be bigger and better,” Forde explained.Ramraj shared initiatives with the Football Federation boss, as she revealed that GTT would work to make the event bigger in years to come, and may even look to branch out into other sports.“This is the first time that we’re doing this initiative, but not the last time, for sure. It is something that we plan on continuing, and maybe in future years we’ll change up the sports or add some different sports. Not everybody loves football, but we can find some other sport people can enjoy,” the Pinktober ambassador has said.last_img read more