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Grocery market growth has seen the biggest slump for 11 years, according to the latest figures from Kantar Worldpanel. Overall market growth was at just 1.7% for the 12 week period between March and May 25 with the likes of leading supermarkets Tesco, Sainsbury’s and Morrisons all being hit by declines, meanwhile Lidl and Aldi continue to advance ahead of the market.Out of the big four Asda has proved most consistent, managing unprecedented growth year-on-year while Waitrose has maintained its record share of the market at 5.1%.Edward Garner, director at Kantar Worldpanel said: “Despite the wider market slowing, Lidl achieved a record share of 3.6% this period, accelerating with its highest ever year-on-year growth of 22.7%. Similarly, Aldi has gained 35.9% and retains its record 4.7% share reached last period.Record share“At Waitrose, managing director Mark Price’s tactic of being “everything that the discounters aren’t” seems to have paid off for the retailer. By differentiating its offer, Waitrose has maintained its all-time record share of 5.1% secured last period. Meanwhile, Asda surpassed its rivals with a market-beating growth of 2.4%, lifting market share to 17.1%, compared with 17.0% a year ago. Asda is the only large grocer to grow share year-on-year”.Between the smaller retailers Iceland’s growth rate has dropped back to average market levels with its share remaining at 2.0%, whereas Farmfoods is mirroring the likes of Aldi and Lidl, growing sales by 27.1%.
A discernible gender gap exists in earnings by physicians working across a range of occupations in the United States. That is the finding in a new study, “Trends in the Earnings of Male and Female Health Care Professionals in the United States, 1987 to 2010,” co-authored by Amitabh Chandra, professor of public policy at the Harvard Kennedy School (HKS). The paper was published in the Sept. 2 issue of JAMA Internal Medicine. Chandra and his co-authors examined a range of data over a 23-year period, adjusting for hours worked in order to avoid overstating gender differences attributable to choices made by female physicians to work less. The analysis provided strong evidence that female physicians are underpaid compared to their male counterparts.“Adjusted earnings of male physicians in 1987-1990 exceeded those of female physicians by $33,840 (20 percent). There was no improvement over time in the earnings of female physicians relative to male physicians,” Chandra writes. “Overall, the gender gap fell considerably outside of the health care industry but inconsistently within it.“The gender earnings gap for registered nurses and pharmacists was smaller than for physicians and workers overall, and it fell over time. For dentists, physician assistants, and health care executives, the gender gap was greater than for workers in a non-health care occupation and fell consistently only for health care executives,” he argues.The lessons for policymakers are evident, Chandra says.“While it is important to study gender differences in earnings after accounting for factors such as specialty choice and practice type, it is equally important to understand overall unadjusted gender differences in earnings. We performed the latter study,” he writes. “This is because specialty and practice choices may be due to not only preferences of female physicians but also unequal opportunities. For example, are unadjusted earnings differences between male and female physicians due to a preference of female physicians for lower-paying specialties [pediatrics or primary care] or do female physicians have less opportunity to enter higher-paying specialties despite having similar preferences as male physicians? The etiology of the persistent gender gap in physician earnings is unknown and merits further consideration.”Read the article on the JAMA Internal Medicine website.
“Jake loved and was loved. While Jake loved, our faith reminds us that God is love. Despite our struggles that God took a beloved member of our community away too soon, we can’t help but see how God poured his love into Jake’s heart, and man, did it change lives,” Fr. Pete McCormick, director of Campus Ministry, said in his homily at the memorial Mass to celebrate the life of junior Jake Scanlan. Scanlan, a resident of Siegfried Hall, died unexpectedly in his sleep Wednesday morning from what appear to be natural causes. Scanlan’s family and friends, residents of Siegfried Hall, and students, faculty and staff from across campus attended the Mass, which was celebrated by University President Fr. John Jenkins at the Basilica of the Sacred Heart on Thursday evening. McCormick described the 20-year-old mechanical engineering major from North Potomac, Maryland, as a “man for others.” “Jake was deserving of the spotlight, being a great athlete, great academic, loyal friend, faithful brother, loving son. Jake preferred to use his God-given talents to make others happy, living his life so authentically that he could not help but inspire others to do the very same,” he said. “In fact, it was pointed out that having an entire Mass for Jake would be enough for him to turn in the exact opposite direction, so not wanting to draw attention to himself, so rather being invested in others.”McCormick said he led a procession from Siegfried Hall on Wednesday evening to the Grotto after attending a standing-room only Mass in the Siegfried Chapel. “As we rounded the corner into the Grotto, coming down the steps, I realized that we were no longer just a group of Mass-goers having left Siegfried,” he said. “Instead, we were joined by hundreds of people from around campus who had come together to pray for this young man. All standing in silence, all standing in honor and prayerful respect of their friend and their brother.”After everyone had lit a candle, Fr. John Conley, rector of Siegfried, brought together those gathered at the Grotto, McCormick said.Margaret Hynds | The Observer “In that moment, though, something happened that I will never forget, as I stood there, huddled in the cold, my hands buried in my pockets, looking down in prayerful reverence. I immediately felt a large arm over my right shoulder and then another one over my left shoulder,” he said. “And as I looked up, what I realized was that not only were we drawing closer to the front rail of the Grotto, but we were doing so together, with arms outstretched …“And I thought to myself, how fitting that a young man who has committed himself to loving others, to giving of himself to others, to bringing others together, even in death, has the ability to, last night, bring so many together — and this night to bring so many people that we literally could not fit them all in the Basilica. What a beautiful thing that is.” Scanlan’s death leaves his family, friends and the Notre Dame community with “big, substantive questions,” McCormick said. However, he said people of faith are ultimately challenged to consider that a loving God would not leave Scanlan at death. “That we understand just as God has blessed Jake with life … he will not leave him alone, abandoned,” he said. “And just as we support one another, as we continue to do now and into the future, God, too, calls Jake to himself, and invites him on a new journey — a journey to a deeper and fuller understanding of God, of life eternal. To a place prepared for us all, by Jesus, through his death and resurrection. … Jake’s life has not ended, it has merely changed.”Those whose lives have been touched by Scanlan can best honor him by building community, McCormick said. “In the minutes, and hours, days, weeks, and months and years ahead, all of us will be impacted by Jake and his death, in unexpected and sometimes confusing ways,” he said. “When those cases occur, instead of sinking into grief and despair, perhaps each of us might challenge ourselves to honor Jake’s life by reaching out to a friend, being intentional about helping others in need and, you know what, not always taking ourselves seriously. Because as Jake’s life demonstrated, sometimes what this world needs most is a good laugh.” After the concluding rites of the Mass, McCormick read a statement from the Scanlan family. “On behalf of the family, we’d like to thank everyone for the prayers, love and support shown during this difficult time. We all love Jake and are much better persons for having known him. And we are now better equipped to complete our mission on God’s behalf to achieve lasting eternity in heaven. May we always cherish and remember Jake’s humble demeanor, his big smile and his witty sense of humor. May God bless.” Tags: Fr. John Jenkins, Fr. Pete McCormick, Student death
John Mulaney & Nick Kroll in ‘Oh, Hello on Broadway'(Photo: Joan Marcus) Show Closed This production ended its run on Jan. 22, 2017 View Comments Oh, Hello on Broadway Oh, Hello has extended its Broadway run once again and will now play through January 22; it had previously been set to shutter on January 15. Nick Kroll and John Mulaney’s half-scripted, half spontaneous Great White Way debut was originally scheduled to run through January 8 at the Lyceum Theatre.Helmed by Alex Timbers, Oh, Hello centers on Gil Faizon (Kroll) and George St. Geegland (Mulaney), two outrageously opinionated, 70-something, native New Yorkers that the pair first began playing on the alternative comedy stages in NYC. Honed for over a decade, the fictional duo garnered a cult following and found their way onto a Comedy Central special, viral videos and late night couches everywhere.Oh, Hello is Gil and George’s “memoir for the stage”—a laugh-a-minute, two-man tour-de-force that’s totally unprecedented. Tina Fey, Seth Rogen, Ben Platt, Alex Brightman and Josh Groban are just a few of the stars Gil and George have welcomed to the stage during the run.As recently announced, the Olivier-winning The Play That Goes Wrong will begin performances at the Lyceum Theatre in March 2017. Related Shows
NAFCU President and CEO Dan Berger slammed the ongoing negative impact of the Dodd-Frank Act’s Durbin interchange amendment in an editorial in The Hill Monday, emphasizing that the amendment has not passed on savings to consumers.“We know the amendment hasn’t helped American families. It’s been seven years since retailers promised consumers that they’d pay less at the checkout counter if Congress put price caps on debit card fees,” Berger wrote. “Analysis of Federal Reserve data shows retailers have pocketed about $42 billion during this period, and shoppers are still waiting for those rollbacks.“Federal Reserve data also shows that the Durbin amendment’s price cap negatively impacted small financial institutions,” he continued. “Despite the exemption for institutions under $10 billion, interchange revenue to credit unions and community banks has dropped, with a 16.6 percent decline in revenue from PIN transactions and 5.2 percent decline in revenue from signature transactions.”Berger noted that while the amendment’s provision concerning who chooses a network for card transactions “might sound like splitting hairs,” it has real consequences for credit unions and their members. “Having more than one network on a card was possible before Durbin, and many credit unions exercised that choice,” Berger wrote. “Now, it’s a government mandate, even if it’s not the best solution for cardholders.” continue reading » 15SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
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Government Reform, Government That Works, The Blog, Transparency Pennsylvanians need to have confidence that decisions made by their government are the product of a robust competition of ideas, not rewards for the special interests with the deepest pockets.Right now, there are no limits on how much special interests can contribute to candidates.As part of his “Government That Works” Reform Plan, Governor Wolf supports strong campaign finance reform that would for the first time:Place limits on contributions to candidates seeking elected officeImplement aggregate limits for racesPlace sensible restrictions on Political Action Committees (PACs); andStrengthen reporting and disclosure requirements across the board.In addition, this legislation would prohibit the use of campaign funds for personal expenses, including legal fees.Pennsylvania is currently one of only twelve states that impose no contribution limits on individual donors. The Center for Public Integrity ranked Pennsylvania among the worst states on regulating political financing – giving us a grade of ‘F’ and a rank of 43 out of 50 states.From Pennsylvania’s report card:Are there regulations governing the financing of candidates and political parties? By: J.J. Abbott, Deputy Press Secretary In law, there are limits on political action committees’ donations to candidates and to political parties.NO BLOG: Time to End Unlimited Campaign Contributions in PA In law, there are limits on lobbyists’ donations to candidates and to political parties.NO In law, funds raised by outside groups in coordination with a candidate and then spent in support of that candidate are subject to donation limits.NO April 20, 2016 In law, there are limits on individual donations to candidates and to political parties.NO Read more posts about government reform.Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf By enacting strong new campaign finance measures, we can help restore confidence in government, and curtail the role of campaign spending in our political process. In law, all current and former candidates/elected officials are prohibited from the personal use of campaign contributions.NO SHARE Email Facebook Twitter
”Cost is a big part of what we are doing – this is about understanding what the drivers are and then accessing them in the most cost-efficient way.”He added: “There is still a place for traditional active management in the RPMI portfolio – it’s just that the bar for consideration has been raised substantially.“If we think we can get 80% of the benefit of something at 20% of the cost, we’d consider that a good outcome, so active managers would need to persuade us that more than 80% of the excess return they generate is not replicable systematically and cheaply.”RPMI is implementing its strategies via both indexation, with implementation of tracker mandates by Legal & General Investment Management, and active quantitative management methodologies, all of which are open to evolution.“We are always looking to broaden and deepen exposure if we can identify and design more effective ways of capturing these risk premia,” said Artingstall. For example, the Research Affiliates fundamental indexation approach forms one part of RPMI’s value allocation.However, RPMI subsequently worked with index provider FTSE to build a bespoke, more concentrated version of this strategy and is due to transition assets to the new version soon.“We use external active managers, such as Unigestion for low-volatility and AQR for risk premia, which might be regarded as active managers but which we regard as simply having a well-designed or more refined approach to accessing the factors we are interested in,” said Artingstall.“Cost-efficiency remains critical, so there is still a very high bar for the quantitative active managers to clear when there are well-established style indices available.”Speaking with IPE after presenting at a factor investing conference for institutional investors hosted by MSCI, Artingstall said RPMI was actively researching momentum and quality risk premia.Areas of further research would include the small cap and illiquidity factors, he added.“We have already moved to a significant position, with 50% of our public equity exposure managed in this way, and we will consider increasing that depending on the level of conviction we have in other factors we are examining at the moment,” he said.For the longer-term agenda, RPMI will look into the cost-efficiency and transparency of moving towards long/short implementation of its risk-premia strategies, which have so far been long-only.It may also take the project beyond its equities portfolio and look into ‘exotic’ or ‘hedge fund’ betas.Altaf Kassam, head of index applied research for the EMEA at MSCI, told IPE RPMI Railpen’s moves were part of a broader trend in institutional asset management.“We launched our Minimum Volatility index in May 2008, and, of course, after the market fell in September, everyone rushed into defensive strategies,” he said.“But then the market rebounded in 2009, and everyone recognised you couldn’t put all of your eggs in one basket, so investors started looking for a more cyclical factor, like value or momentum, to diversify the minimum-volatility.“Today, what we are seeing is the idea of diversification between multiple factors to manage financial risk, as well as governance or career risk.” RPMI Railpen, manager of the assets of the UK’s £21bn (€28.9bn) Railways Pension Scheme, has taken big strides towards transitioning to smart beta-style strategies, putting 50% of its public equities portfolio into products designed to access risk premia systematically and cost-efficiently.A dedicated alternative risk premia function, established as part of RPMI’s ‘Investment Transformation Programme’ (ITP), has allocated to low-volatility, value and income equity strategies after a period of research conducted in collaboration with risk analytics and index provider MSCI.Further research into other risk premia is currently underway, and alternative ‘hedge fund beta’ is on the longer-term agenda.Steve Artingstall, an investment manager at RPMI Railpen, said: “This project came out of looking at the underlying drivers of risk and return in different asset classes but also at how much we were paying to get exposure to these factors through actively managed strategies.
Fox News 13 March 2015A group of middle school basketball players walked off the court in the middle of a game when they heard bullying coming from the stands directed at cheerleader, Desiree Andrews, who has Down syndrome.“We walked off the court and went to the bullies and told them to stop because that’s not right to be mean to another person,” said Miles Rodriguez, one of the players, told Fox & Friends Friday.The athletic director at Lincoln Middle School in Wisconsin told the show he was proud of the boys for what they did, as well as Desiree and the other cheerleaders.“It truly does take a village to do great things,” AD Tim Nieman said.Brandon Morris, who was the boys seventh-grade coach at Lincoln told the Kenosha News, “One of the kids stepped up and said, ‘Don’t mess with her,’.Eighth-graders Miles, Chase Vasquez and Scooter Terrien stormed off the court to confront the bully, who was giving Andrews a hard time.“We were mad; we didn’t like that,” Rodriguez told the paper. “We asked our sports director to talk to the people and tell them not to make fun of her.”In a video on TMJ4 news in Wisconsin, Andrews called the gesture “sweet, kind, awesome, amazing.”“It’s not fair when other people get treated wrong because we’re all the same. We’re all created the same,” Terrien told TMJ4.http://www.foxnews.com/us/2015/03/13/players-leave-court-mid-game-to-confront-bully-cheerleader-with-down-syndrome/
Healso urged commuters and drivers to be more patient because the P480-millionflyover being constructed in Barangay Ungka II will ultimately be beneficial toall. The453.70-meter long flyover will stretch from the Petron gasoline station up tothe intersection of the Sen. Benigno Aquino Jr. Avenue and the road leading toParc Regency Subdivision in Barangay Ungka II. “Iask for yourcooperation andunderstanding,” said Gorriceta whose Pavia would be the first municipality inWestern Visayas to have a flyover. “Itis imperative that we all adjust to the situation. When completed, the flyoverwill make our travel much easy,” said Gorriceta. Gorricetasaid private vehicles may also take the access roads of residentialsubdivisions Green Meadows, Centro Verde, Pro Friends, and Parc Regency. *from airport to Mandurriao or Molo – take the Oton-San Jose, Santa Barbara Road(Bangga Dama, Santa Barbara – Bangga San Jose, San Miguel – left turn to IloiloCity ALEOSAN Road towards Hibao-an, Mandurriao) ILOILOCity – Don’t want to be stuck in traffic in Barangay Ungka II, Pavia, Iloilo orbe late in your work or appointment? Leave your house very early in themorning, according to Mayor Laurence Anthony “Luigi” Gorriceta. TheSen. Benigno S. Aquino Jr. Avenue is the main gateway to Iloilo City from theIloilo Airport in Cabatuan, Iloilo, thus it becomes congested most especiallyduring rush hours in the morning and late afternoon. The flyover is seen toreduce if not totally eliminate the congestion. *from airport to Jaro district – take the Iloilo-Santa Barbara Road(particularly Rizal Street – Taft Street – Barangay Agutayan – Barangay CabugaoNorte – Barangay Tigum – Barangay Pagsanga-an to Barangay Tacas, Jaro) Gorricetasaid private vehicles from the airport going to the city can avoid the trafficcongestion in Barangay Ungka II by taking the following routes: Trafficaides of the municipality have also started “filtering” in Barangay Aganan allprivate vehicles from the Iloilo Airport going to Iloilo City, he added. TheSangguniang Bayan of Pavia approved on Tuesday the memorandum of agreementbetween these subdivisions and the local government making available theiraccess roads to private vehicles while the flyover is being constructed, saidGorriceta. Hesuggested that people give themselves at least 30 minutes of lead time in themorning when traveling to work, school or an appointment. Theyare guiding these vehicles to re-route to Barangay Balabag then to BarangayHibao-an, Mandurriao district, or re-route to Barangay Tigum then to BarangayPagsanga-an, Pavia to Barangay Tacas, Jaro, said Gorriceta./PN