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European Parliament calls for comment on financial reporting standards

first_imgThe deadline for comments is 5 February. Sven Giegold, the Green Party’s spokesman on economic affairs in the European Parliament, has issued a public call for comments on a draft Economic and Monetary Affairs Committee (ECON) report into International Financial Reporting Standards.Giegold said: “The initiative report of the European Parliament is a welcome occasion to hint to major problems and to make proposals for corrections.”The ECON committee released a draft of its report dealing with the so-called IAS Regulation on 12 January (see related story).Among its proposals is a call for the European Commission to examine whether the European Securities and Markets Authority has sufficient powers to fulfil its remit.last_img

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Investors must guard against pay inflation at UK firms, report warns

first_imgOther recommendations were for company boards as a whole to be “appropriately engaged” with any remuneration policy drawn up by committees, while allowing committees greater leeway to tailor pay packages, and for committees to guard against industry-wide benchmarking, which would drive up pay unnecessarily.“A small number of consultees highlighted recent cases of remuneration consultants providing information to executive directors, to show that the directors were paid ‘behind the median’,” the report noted.It added that such practices, which it deemed a violation of existing codes of conduct on pay, should be addressed by remuneration committees.The Financial Reporting Council, the UK regulator responsible for the Stewardship Code, welcomed the proposals and emphasised the importance of linking a firm’s culture and values to any proposed pay package.It warned, however, that while the UK largely had a strong reputation for good corporate governance, it was vital to guard against confidence “being tarnished by the actions of those companies doing too little” on remuneration.The Investment Association, the industry group for UK asset managers, said recent comments by Theresa May, the new UK prime minister, showed investors and companies needed to work together to tackle pay.Its director of corporate governance and engagement, Andrew Ninian, added: “We will now look to amend our Principles of Remuneration so the asset managers that look after the financial interests of millions of savers and investors can play their part in delivering the change that is sorely needed.” Companies must guard against using industry benchmarks to justify executive pay increases, a sweeping report on remuneration at UK-listed firms has argued.The independent executive remuneration working group, chaired by the chief executive of Legal & General Nigel Wilson, argued its recommendations would help simplify pay structures.Wilson said it was time to “restore public confidence” in pay, with one of the report’s recommendations to ensure that members of remuneration committees sit on the committee for at least a year before being asked to chair them.“Our report shows shareholders, boards and executives agree that the current approach is not working and want constructive collaboration to get it right,” Wilson said.last_img read more

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Ben Carson Defends Biblical Definition of Marriage

first_imgThe Blaze 20 June 2014Retired pediatric neurosurgeon Ben Carson has freely shared his theological views since his bold 2013 National Prayer Breakfast speech catapulted him onto the national stage — and in a recent interview he affirmed his support for the biblical definition of marriage, encouraging Christians to stand up against “intolerance.”When asked how Christians can “show God’s love to the gay community without compromising God’s word,” Carson, an outspoken Christian, told Charisma News that he believes consenting adults should be able to do whatever they want, but that the definition of marriage shouldn’t change.“If they want to have [a] legal relationship so that they can have visitation rights and property transfer, I don’t have a problem with that,” he said. “What I do have a problem with is changing the definition of marriage. This is established by human history of thousands of years.”Carson went on to note that, in the Bible, God compares marriage to the relationship that the Almighty has with the church, arguing that the definition of matrimony is extremely important and shouldn’t be amended so lightly.“They can call whatever they’re doing whatever they want to call it, but they don’t know if you change it for all of society. If you change it for one group, you have to change it for all groups,” he continued. “I’ve explained that to people. We have to be willing to stand up and say that, not just capitulate.”http://www.theblaze.com/stories/2014/06/20/they-are-being-totally-intolerant-ben-carson-defends-biblical-definition-of-marriage/last_img read more

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Argonauts Clinch GSC East #2 Seed in Sunday Sweep

first_img Share Argonauts Clinch GSC East #2 Seed in Sunday Sweep April 29, 2007Box Score HUNTSVILLE, Ala. – West Florida completed their April comeback on Sunday afternoon at the Charger Softball Complex. With their 5-1 win over 10th ranked Alabama-Huntsville, West Florida earned the Gulf South Conference East number two seed for next weekend’s conference tournament. It was also a historic day for the Argonauts as West Florida (34-23, 14-10 GSC) completed their first double header sweep over the Chargers in Huntsville. Alabama-Huntsville (40-16, 13-10) will be the GSC East third seed for the GSC Tournament.”I firmly believe that we are finally playing to our potential,” said head coach Tami Cyr. “Our backs were against the wall and we came through this weekend.”After standing in next-to-last place on Apr. 11, West Florida is the GSC East Division second seed for next weekend’s GSC Tournament. West Florida will face the GSC West third seed Henderson State (26-13) on Friday at 11:45 a.m. CST. The tournament will be held at the Greenbrook Softball Complex in Southaven, Miss. Last season, the Argonauts went 2-2 at the tournament and were eliminated by Henderson State in the quarterfinals.Alabama-Huntsville took an early lead in the bottom of the second inning on a two out, RBI single by Megan Blanchard. But West Florida answered with a run in the top of the third inning. Kat Sheppard (Gulf Breeze, Fla./Milton HS) led off with a single, and pinch-runner Franny Bell (Navarre, Fla./Navarre HS) advanced to second on Melissa Chastang’s (Saraland, Ala./Satsuma HS) sacrifice bunt. Bell came around to score on Whitney Gay’s (Cantonment, Fla./Tate HS) two out, RBI single.West Florida took their first lead of the game on Nicky VanCamp’s (Davenport, Iowa/Kirkwood CC) lead off home run in the top of the fourth inning. It was VanCamp’s team-leading seventh home run of the season. Alabama-Huntsville put runners at second and third with one out in the bottom half of the inning, but West Florida starting pitcher Taren Walton (Pensacola, Fla./Daytona Beach CC) ended the inning with two groundouts.”I knew they (Alabama-Huntsville) were a great offensive team,” said Walton. “I wanted to shut down their power hitters while limiting their offensive potential.”West Florida increased their lead with three runs over the last two innings. Van Camp doubled to lead off the top of the sixth inning, and pinch-hitter Dawnyele Stapleton (Navarre, Fla./Navarre HS) was sacrificed to third by Valerie Staub (East Brunswick, N.J./Wallace-Dothan CC). With two outs, Heather Bell (Bradenton, Fla./Bayshore HS) reached on a two-base error, allowing Stapleton to score. Bell eventually advanced to third and scored on Chastang’s RBI single. West Florida completed the scoring in the top of the seventh inning on Staub’s RBI single down the left field line.Walton (17-8) won her sixth consecutive start after limiting Alabama-Huntsville to one run on six hits with a walk and three strikeouts. Courtney Hudson (5-4) suffered the loss after allowing five runs (three earned) on 12 hits with four strikeouts. VanCamp led West Florida with three hits.”I am so proud of this team,” said Cyr. “This team is made up of great people, and I have always believed in them. “They are a group of winners that never gave up.””Live Stats” and live broadcasts will be available for all of the Argonauts games at the GSC Tournament. Go to the softball page at www.goargos.com to follow all of the action at the tournamentPrint Friendly Versionlast_img read more

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Trap hails ‘destined’ Keane

first_img Keane came off the bench as a half-time substitute and helped himself to his 55th and 56th goals for Ireland as they romped to a 4-0 victory over the 10-man Georgians who laboured after keeper Giorgi Loria’s 20th-minute dismissal. Derby defender Richard Keogh had opened the scoring three minutes before the break, and Nottingham Forest striker Simon Cox extended the home side’s lead three minutes after the restart before Keane sealed the win. “Robbie was destined. He started to play as an 18-year-old and was one of the youngest creative players in Ireland,” Trapattoni said. Ireland boss Giovanni Trapattoni saluted Robbie Keane after watching him mark a record-equalling 125th senior international appearance with a double against Georgia. Press Associationcenter_img “He has played in famous teams in Italy and Tottenham in England, and he continues to show us his creative quality. “There are players who feel goals, and Robbie is one of these players. He has shown us he is not finished because also in Los Angeles, every week he scores goals. “There are strikers who have a particular feeling for goals and Robbie is one of these. He will be a great for Ireland because in the future he will continue and in the next game, he will have the most caps.” Keane will overtake keeper Shay Given if, as expected, he leads Ireland into their World Cup qualifier against the Faroe Islands at the Aviva Stadium on Friday evening, and he admits that is not something he ever envisaged. The LA Galaxy frontman said: “If you had asked me 10 years ago if I would get this many caps, I would have said you were crazy. “Obviously I am delighted and I am sure I will look back in years to come on it – but hopefully I will get a few more yet.” last_img read more

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Man gets pulled over for using fake skeleton to drive in HOV lane

first_imgAn Arizona man was pulled over after a trooper spotted a fake skeleton in the passenger’s front seat.The 62-year-old driver was cited for using the fake skeleton as a disguise for a passenger to use the HOV lane.Department spokesman Raul Garcia said troopers cite about 7,000 HOV lane violators every year.last_img

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Bucksport and GSA baseball teams advance to semifinals

first_imgThe Bucksport and George Stevens Academy baseball teams have each taken a step closer to the Class C Eastern Maine championship.Both teams notched big wins in Thursday’s quarterfinals, with top-ranked Bucksport beating No. 9 Calais 17-1, and No. 2 GSA topping No. 7 Orono 10-1.In the semifinals on Saturday, Bucksport will face No. 5 Washington, and GSA will host No. 3 Mattanawcook. Winners will compete on Tuesday for the regional title.In Class B baseball action, Ellsworth fell to top-ranked Old Town 9-0 in Thursday’s quarterfinal. No. 8 Ellsworth ended its season 10-8 while Old Town remains undefeated at 17-0. Latest posts by Taylor Vortherms (see all) Part 2: When the injury is inside your head, some “don’t get it” – July 26, 2016 Latest Posts Part 1: Invisible, incapacitating concussions are sidelining high school athletes – July 19, 2016 Bio Taylor VorthermsSports Editor at The Ellsworth AmericanTaylor Vortherms covers sports in Hancock County. The St. Louis, Missouri native recently graduated from the Missouri School of Journalism and joined The Ellsworth American in 2013. EHS names new boys’ soccer coach – July 13, 2016 This is placeholder textThis is placeholder textlast_img read more

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FIFA Scribe Reported to Ethics Chiefs over World Cup Bid

first_imgOne of FIFA’s most senior executives, Fatma Samoura, has been reported to the organisation’s powerful ethics committee.Samoura, who was appointed secretary general of football’s world governing body by its president Gianni Infantino in 2016, is accused of alleged breaches of its ethics code relating to “duty of disclosure, co-operation and reporting” and “conflicts of interest”.The claims stem from allegations relating to Morocco’s bid to host the 2026 World Cup. The North African country wants to host the tournament but is up against a North American joint effort comprising Canada, the USA and Mexico. Members of a FIFA World Cup evaluation taskforce – which recently visited the bidding countries – are said to have discovered an undeclared family link between Samoura – whose full name is Fatma Samba Diouf Samoura – and the former Liverpool forward El Hadji Diouf, who is working in an ambassadorial role for the Moroccan bid.Both Samoura, 55, and Diouf are from Senegal. They are both now the subject of an ethics complaint.A senior FIFA source has told BBC Sport the allegation is “tenuous”, while Samoura said she is “fully aware of this upcoming complaint” and has “a good idea who is conveying this message”.She added: “The whole country of Senegal will laugh at FIFA Ethics… because everyone in my country knows the origin of El Hadji Diouf.”The same senior source, who wishes to remain anonymous, also alleges Infantino “encouraged” the evaluation taskforce to find evidence that could block Morocco’s candidacy.It is claimed Infantino was motivated to do this as he favours the rival North American bid given the enormous financial advantage it has over its African rival.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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Women of Troy finish second

first_imgJunior Lisa McCloskey and the No. 2 USC women’s golf team had a day for the record books Wednesday at the Edean Ihlanfeldt Invitational. Unfortunately, it wasn’t enough to push the Women of Troy past No. 5 California and into first place.So close · Junior Lisa McCloskey’s 8-under final round helped USC set a team record 13-under (275) round, but it wasn’t enough for the win. – Photo courtesy of USC Sports Information McCloskey, a transfer from Pepperdine, has played only three matches with the Women of Troy to make her mark on the team. She fired a final round 8-under-par 64 to finish tied for fourth at 5-under-par 211 (72-75-64).Eight-under ties McCloskey with Irene Cho’s second-round 64 at the Guadalajara Invitational in 2006. McCloskey opened the final round with a bogey before making three birdies on the front nine and six birdies on the back nine, including four birdies on her final five holes.“It feels really good after having a mediocre round [Tuesday],” McCloskey said. “Just a real solid round with lots of greens and few putts.”McCloskey’s final round pushed USC to a final round of 13-under-par 275, the lowest round in team history. In the end, however, the Women of Troy finished second at 15-under-par 849 (285-289-275), two strokes behind Cal at 17-under-par 847 (284-283-280). The final round of 13-under is three strokes better than the previous low, set two weeks ago in the final round of the Mason Rudolph Championship. That marks two straight record-setting final rounds for the Women of Troy.“I think it’s great to close a tournament strong, but we’ve got to lower our scoring averages for the first two rounds,” USC coach Andrea Gaston said. “[Yesterday], we didn’t have anyone do poorly, but we didn’t have any great scores. You need everybody playing well and have one or two that play extremely well.”The team certainly had two players playing extremely well in McCloskey and senior Lizette Salas. Even with McCloskey’s record-setting round, Salas bested her on the leader board, finishing in second place at 7-under-par 209 (71-71-67). Six birdies successfully offset one bogey on her way to her second top-three finish of the year.Freshman Sophia Popov tied for fifth at 2-under-par 214 (68-74-72). Popov had three bogeys balanced by three birdies while bouncing back from her season debut, where she finished 67th.Sophomore Inah Park had a career-best finish for the Women of Troy, tying for 11th at 3-over-par 219 (74-71-74). Her five birdies were cancelled out by six bogeys and a double bogey on the first hole.Sophomore Cyna Rodriguez finished tied for 16th at 5-over-par 221 (76-73-72). Rodriguez had five birdies and five bogeys, with four of those birdies on the back nine.The Women of Troy now have a month before competing again at the Pac-10/SEC Challenge at the Stanford Golf Club in Palo Alto, Calif.“We’re looking forward to hitting some teams from the South,” Gaston said. “We need to catch up on classes right now.”last_img read more

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Curry has shaken up collegiate basketball

first_imgI used to think Steph Curry ruined basketball.He was too much of a show-off. He sank those deep-ball 3-pointers that arced high enough to kiss the rafters of Oracle Arena before splashing without even skimming the rim. His touch was special enough or just downright lucky enough to ensure success for his Golden State Warriors, even when he was heaving it from half-court.I knew he was good, in the same way that most of the football-loving population of America acknowledges Tom Brady’s skill while cursing him in the same breath. But I couldn’t stand the way he approached regular season games like a glorified All-Star Weekend Three-Point Contest with a few defenders scattered around the court. That wasn’t how to play basketball.What I resented most was the effect he had on young players. Elementary school kids started spending hours jacking up 30-foot jumpers that fell short with monotonous certainty. That obsession somehow trickled into college and professional ball, with more players taking shots from behind the arc.Curry can take full credit. He can also take credit for this season of NCAA play, which has seen a focus on guard-heavy offense that utilizes only one post in the paint and emphasizes a spread attack. When I first saw this style of play come to the forefront of all my favorite teams’ strategy, I hated it. But after the Trojans upset UCLA at the Galen Center last week, I came to realize that this new style of play — the Curry method, if you will — might be exactly what college basketball needs. I grew up watching the University of Kansas Jayhawks, back when they cycled through phenomenal big men like Cole Aldrich, the Morris twins and even Joel Embiid for a fleeting season. The post position is gritty, physical and aggressive. The footwork is subtle and every shot is contested. And post defense is more personal than defense in any other position of any other team sport: Players on both sides spend the majority of the game jamming elbows into each other’s guts and slapping at arms, shoulders and loose balls. For all these reasons, it was my favorite position to play and to watch.Kansas always brought the heat in the paint. The team was centered around a corps of big men trained by former NCAA powerhouse Danny Manning to demolish the rim with rote proficiency: The Jayhawks’ posts were bigger, stronger and just plain meaner than their competition. They provided the muscle down low necessary to pull out Big 12 championships with an almost stupefying consistency. As a young Kansas fan, I had my first encounter with Curry. He was a scrawny junior from Davidson College, his uniform practically falling off his wiry shoulders, and he was dead set on knocking the Jayhawks out of the Elite Eight, one wild jump shot after another.Despite being an undeniably better team than Davidson, the Jayhawks barely squeaked out a 59-57 victory. But Curry’s 25 points almost pulled his underdog team into the Final Four.How’d he do it? Curry, true to form, took 16 attempts from behind the arc, more than the entire Kansas team attempted. The Jayhawks scrambled to cover his 3-point heroics, and though the team continued on to the national championship, the near-loss exposed a defensive weakness.The main effectiveness of the 3-point shot is its ability to spread a defense. A traditional offense allows for posts to guard more tightly in the paint, with wing players remaining as options to double team or to jump into a passing lane. With those wing defenders stretched out to the arc to guard shooters more tightly, the middle of the court is left wide open for guards to drive or pass into their big men.This is simple basketball logic, the type that’s been discussed for decades. But for a long time, most coaches still stuck to the dogma that 3-pointers can’t be the backbone of any offense. Curry, Klay Thompson and the Warriors’ 2015 championship rings politely disagreed.Ultimately, the shift towards a guard-heavy, widely-spread offense wasn’t gradual. It happened over a handful of seasons, enough that I was able to rapidly notice — and bemoan — the change. But then USC took down No. 8 UCLA in dominant fashion after dropping 14 3-pointers, and I began to realize what this change can do for the sport of basketball.The 3-pointer is the ultimate equalizer. It’s the shot that can turn an undersized guard into a team’s golden boy. It sets defenses on their heels and brings stadiums to their feet. And it’s a challenge that’s inherently more difficult to guard.The shift to small ball changes the game. It allows lesser teams to attack with ferocity. It creates space, allows offenses to breathe and demands creativity for both sides of the ball. And no, it’s not the same brutal grind that high-key post play offers. But that’s not necessarily a bad thing.This crafty style of play is evening the playing field for lower-ranked teams like USC, who just need a few minutes of opportunity to break ahead. It keeps teams from being shut down by a few dominant players down low and forces teams to play better defenses. And ultimately, the switch provides high-octane, high-scoring contests that keep the game from ever being predictable for its fans — and they can thank Steph for that.Julia Poe is a sophomore studying print and digital journalism. She is also the sports editor of the Daily Trojan. Her column, Poe’s Perspective, runs on Wednesdays.last_img read more