November 29, 2017 Governor Wolf: Congress Must Take CHIP Kids Off Back-Burner Healthcare, Human Services, National Issues, Press Release, Public Health, Statement Harrisburg, PA – Governor Tom Wolf released the following statement on Congress being two months late to reauthorize the federal Children’s Health Insurance Program (CHIP), which expired on September 30, 2017:“Right now, the Republican-controlled Congress is steamrolling through a massive tax cut for the ultra-wealthy. Yet, it has not found time to simply reauthorize the Children’s Health Insurance Program that benefits more than 9 million children and expecting mothers. This is a complete abdication of responsibility and it is creating unnecessary anxiety for families around the Holidays.“Pennsylvania will run out of funding for this program in the first quarter of next year. But some states will not be as lucky. The tax cuts for the wealthy and health care repeal votes prove that Congress can do things expeditiously. By letting this program expire and languish, Congress is telling 176,000 kids in Pennsylvania that they don’t care about them. Our children should be Congress’ top priority, not forced to the backburner.“These families deserve better from Washington and they should reauthorize CHIP before one child suffers as a result of their inaction.” SHARE Email Facebook Twitter
The pension fund has been investing more in real estate in recent years and the board indicated that it planned to raise the target allocation from 10% of assets to 11.5-12%.As at the end of December 2017, 8.7% of ERAFP’s assets were allocated to real estate, also valued at amortised cost. Over the coming years the scheme’s allocation will shift so residential assets account for around one third of the real estate allocation, with a focus on rent-controlled housing for middle income households.ERAFP is the compulsory top-up pension scheme for French public service employees, and its real estate policy includes helping its members with housing .Across all asset classes ERAFP put an additional €2.1bn to work over the course of 2018. This included a €200m injection into a new foreign currency hedging portfolio, for which it awarded the mandate to Millennium Global earlier this year.The remainder of the €2bn of fresh investments in 2018 spanned bonds (€377m), equities (€807m), “diversification” (€100m), private equity and infrastructure (€130m), and real estate (€550m), with less than 1% of flows accounted for by withdrawals from its money market funds.The pension fund anticipates having at least €2.5bn to invest annually over the next few years.According to ERAFP, in 2018 it financed the French economy in a broad sense to the tune of €11.9bn, equivalent to 46% of its total assets on an amortised cost basis.Details and definitions: ERAFP reports on wide-ranging SRI policies France’s ERAFP plans to further scale back the size of its fixed income portfolio this year in an extension of its diversification efforts, according to its latest annual report.Under investment policy decisions adopted by the board in December last year, the €29.6bn pension fund should use this year to pursue the reduction of the bond allocation from 57% to 54% of the fund’s overall portfolio. New investments in bonds should prioritise corporate bonds, including emerging market debt.According to its annual report for 2018, last year ERAFP cut the size of the fixed income portfolio from nearly 60% of assets to 56.6%, valued at amortised cost.Another investment objective for 2019 is to grow the share of variable income assets from 32% to 33-34% of the portfolio, including an increase in private equity and infrastructure fund investments. Following a rule change in late 2018 ERAFP is now permitted to invest up to 5% of its assets in private equity and unlisted infrastructure, up from 3%. Philippe Desfossés speaks at an IPE eventERAFP has for years pursued and promoted socially responsible investing (SRI), which broadly speaking is an investment approach with an acknowledged social bent or objectives. The latest annual report gave no indication of this changing following the departure of Philippe Desfossés, its former CEO and a firm advocate of the approach, with particular emphasis on climate change and the implications for pension funds.Writing in his first contribution to an ERAFP annual report, Desfossés’ successor Laurent Galzy said the pension fund was gradually evolving its investment allocation towards assets such as equities, real estate and infrastructure, which could deliver “a balanced long-term return” but also better contribute to financing the economy.ERAFP would apply and deepen its SRI approach across all its priority asset classes, he said, and was equipping itself with new tools to do so.The pension fund’s annual report included nearly 50 pages dedicated to its SRI approach, with the account structured in accordance with the recommendations set out in what is known as ‘Article 173 ’, France’s comply-or-explain requirements for ESG reporting by institutional investors. ERAFP said it also tried to implement the recommendations of the Task Force on Climate-related Financial Disclosures.Multiple pages are dedicated to explaining the pension fund’s climate analysis methodology in general, as well as the results of its application to its bond and public equity portfolios.This year it added three elements to its analysis and annual report: exposure to fossil fuels, the equivalent “temperature” of the portfolio, and the “carbon budget ratio”. ERAFP said that the results with regard to the latter two indicators needed to be interpreted with care as the underlying hypotheses and methodology could evolve.
Duro Ikhazuagbe with agency reportDespite the absence of any Nigerian player in the most prized category of the Glo-CAF Awards, Abuja is already feeling the buzz of the silver jubilee edition of the continent’s football Oscars taking place at the International Conference Centre.Winner of the Africa’s Best Player of the Year 2016, Gabon and Borussia Dortmund forward, Pierre-Emerick Aubameyang, has two challengers for the coveted crown in Leicester City of England and Algeria player, Riyad Mahrez and Senegal and Liverpool attacking midfielder, Sadio Mane.With the Confederation of African Football (CAF) and West Africa’s leading telecommunication company and title sponsor of the event, Globacom, throwing in everything to make this 25th edition of Glo-CAF Awards a grand event, it promises to be a night to remember in Abuja. Globacom has been sponsoring the Glo-CAF Awards since 2005. Already, top sports administrators, special guests and government functionaries from different parts of Africa and beyond have converged on the capital city for the ceremony.CAF President, Mr. Isa Hayatou and his delegation have already arrived Abuja for the event which will be covered live by global media.All the three top nominees for African player of the year award have already confirmed their attendance. Similarly, all the nominees in other categories are delighted to be rated among the best footballers in the continent.About two weeks ago, CAF pruned down the final list to three players for the awards.Other categories also include African Player of The Year (Based in Africa), National Team of The Year, Club of The Year, and Coach of The Year.Other categories are Women’s National Team of The Year, Women’s Footballer of The Year, Most Promising Talent, Referee of The Year, Legend of The year, Fair Play Award, Platinum Award (which has only one nominee), and Africa Finest XI.From 1992 to 2015, from Ghana’s Abedi Pele to Gabonese Aubameyang, 15 players have laid claim to the most prestigious individual honour in African football.Cameroonian Samuel Eto’o was the first to be crowned on four occasions – 2003, 2004, 2005 and 2010; a record since equalled by Toure, who made it four on the trot (2011, 2012, 2013 and 2014). Former Senegal forward, El Hadji Diouf won the award twice in a row; 2001 and 2002.However, the first player to have been named CAF African Player of the Year on two occasions was ex-Nigeria captain, Nwankwo Kanu, in 1996 and 1999 before Ivorian Didier Drogba replicated the feat in 2006 and 2009.Winners of the prestigious honour have come from either the midfield or attack; and that tradition will be respected yet again this time, with the three contenders being attackers.In addition, the 15 players to have been decorated since 1992, have and continue to remain amongst the foremost African ambassadors of the world’s most popular sport.There are also several others who were so near and yet so far, including Ivorian goalkeeper Alain Gouamene in 1992; Moroccan defender Noureddine Naybet (sixth in 1993); Nigerian Daniel Amokachi, who regularly featured among the top ten (10) whilst Chadian Japhet N’Doram was virtually handicapped by the non-presence of his national team at the final phase of a major continental championship.South African defender, Mark Fish also settled for sixth position in 1996. Ghanaian defender Samuel Kuffour narrowly missed out on two occasions, 1999 and 2001.Others are Michael Essien of Ghana, who made the final three an unprecedented five times in a row – 2005 (third), 2006 (third), 2007 (second), 2008 (third) and 2009 (third); Asamoah Gyan, also from Ghana, 2010 (second); Andre Ayew (Ghana), 2011 (third) & 2015 (third) and Malian Seydou Keita, 2011 (second). So are Nigerian duo, John Mikel Obi and Vincent Enyeama, who finished second and third in 2013 and 2014 respectively.When the roll call for the laureates is launched, there is one noticeable observation. Cote d’Ivoire is the country which has the biggest number of triumphs, six in total, Toure (four) and Drogba (two); followed by Nigeria on five titles, two for Kanu, one each for Emmanuel Amuneke, Rashidi Yekini and Victor Ikpeba.Patrick Mboma won it once coupled with Eto’o’s four also gives Cameroon five titles. Diouf is responsible for the only two titles in the name of Senegal. One-time winners include Ghana – Abedi Pele, Liberia – George Weah (the only African player to have been crowned FIFA World Footballer of the Year), Morocco – Mustapha Hadji, Mali – Frederic Kanoute and Togo – Emmanuel Adebayor and Aubameyang on the ticket of Gabon.Another common feature is that all winners plied their trade in Europe at the time of their coronation.For the last decade, the Awards Gala has been sponsored by Cellular Telecommunications outfit, Globacom, who have raised the bar of excellence with splendid ceremonies in cities such as Abuja, Accra, Lome, Lagos and Cairo.This year, the Gala will take place for the third time in Abuja. The Nigerian capital hosted for the first time in 2004 and lately the 2015 edition.PAST WINNERS1992 Abedi AYEW PELE (Ghana)1993 Rashidi YEKINI (Nigeria)1994 Emmanuel AMUNEKE (Nigeria)1995 George WEAH (Liberia)1996 Nwankwo KANU (Nigeria)1997 Victor IKPEBA (Nigeria)1998 Mustapha HADJI (Morocco)1999 Nwankwo KANU (Nigeria)2000 Patrick MBOMA (Cameroon)2001 El-Hadji DIOUF (Senegal)2002 El Hadji DIOUF (Senegal)2003 Samuel ETO’O (Cameroon)2004 Samuel ETO’O (Cameroon)2005 Samuel ETO’O (Cameroon)2006 Didier DROGBA (Côte d’Ivoire)2007 Frederic KANOUTE (Mali)2008 Emmanuel ADEBAYOR (Togo)2009 Didier DROGBA (Côte d’Ivoire)2010 Samuel ETO’O (Cameroon)2011 Yaya TOURE (Côte d’Ivoire)2012 Yaya TOURE (Côte d’Ivoire)2013 Yaya TOURE (Côte d’Ivoire)2014 Yaya TOURE (Côte d’Ivoire)2015 Pierre-Emerick AUBAMEYANG (Gabon)Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram