USS Green Bay Holds September 11 Memorial Service

first_img Share this article USS Green Bay Holds September 11 Memorial Service View post tag: USS View post tag: 11 View post tag: Navy September 13, 2011 Training & Education View post tag: News by topic View post tag: holds View post tag: Bay View post tag: Naval Sailors and Marines aboard amphibious transport dock ship USS Green Bay (LPD 20) conducted a 9/11 memorial service while underway in the U.S. 7th Fleet area of responsibility (AOR) Sept. 11.The ceremony marked the 10th anniversary of the terrorist attacks on the World Trade Center buildings on 9/11 and commemorated those who lost their lives that day.“Today we reflect back on a period in our nation’s history, to the tragic events of Sept. 11, 2001,” said Cmdr. Kevin P. Meyers, commanding officer of Green Bay. “In the minds of the terrorists, a strike would paralyze Americans with fear, cause our economy to falter and collapse, and would allow extremists to establish their foothold in the Middle East and beyond.”“Our military actions over the last decade have served notice throughout the world that we will defend our homeland as we always have,” Meyers said. “We will not cower in fear or hide in our homes, we will take the fight to our enemy wherever they might be, and in the end, the courage, heart, grit and determination found in every American will win the day.”Guest speaker retired Lt. Roger Perrino, New York City Police Dept. gave his firsthand account of what happened at Ground Zero when he responded on his day off.“I first heard about the attacks after I dropped my sons off at school,” said Perrino. “When I reported, no one really knew what was going on, we all just thought it was an accident. So when the second plane hit we were all in shock.”Perrino recounted his tale of the events that took place and the horror, tragedy, and the selflessness of so many individuals coming together to help in the hours, days and months after the attack.“It was amazing to see the whole country come together,” said Perrino. “We had an avalanche response team come all the way from Montana to lend their expertise, because we weren’t equipped to deal with something like that.”The presentation helped instill a sense of pride and honor in the Sailors and Marines in attendance.“It gave me a big sense of pride and belonging,” said Sgt. George Hurby, from Camp Pendleton, Calif. “To know that we are out here serving a purpose and to be reminded why we are needed out here so far from home is very sobering and reminds me why we do what we do.”Green Bay as part of the Boxer Amphibious Ready Group, along with Marines from the 13th Marine Expeditionary Unit, are underway in the U.S. 7th Fleet AOR during its maiden deployment.[mappress]Source: navy, September 13, 2011; View post tag: Memorial View post tag: green View post tag: Service View post tag: September Back to overview,Home naval-today USS Green Bay Holds September 11 Memorial Service last_img read more

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Dutch healthcare scheme PFZW grants partial indexation of 0.94%

first_img“Although the economic recovery appears to be taking hold, the financial markets are still volatile,” he said. “This underlines the importance of a new and future-proof pension scheme, which should moderate wide fluctuations.” Almost all asset classes contributed to the pension fund’s return, which the director described as “satisfactory”. PFZW’s liquid equity portfolio returned 21.3%, while its private equity holdings returned 19.4% “due to revaluations”.The scheme added that structured credit delivered 20.4% on lower credit spreads. The scheme’s 11% property allocation returned 7.7%.The healthcare fund further reported results on infrastructure, hedge funds and catastrophy insurance of 5.4%, 5.6% and 9.6%, respectively. In contrast, the pension fund lost 10% on its fixed income securities, mainly as a result of rising interest rates. Its 22% allocation to government bonds, interest and inflation swaps lost 13.8%.However, Jan-Willem van Oostveen, the scheme’s investment manager, pointed out that this figure included the effect of the rising interest rates on the 40% hedge of the pension fund’s liabilities.Within this context, the healthcare scheme concluded that a sustained increase of long-term interest rates may drag on total returns in future. Yet Borgdorff explained to IPE that the pension fund would still reap the benefits of rising interest rates for the non-hedged part of its liabilities, and stressed that the funding ratio was the scheme’s most important criterion. PFZW attributed the 5.9% loss on its investments in high yield and emerging market debt to the depreciation of local currencies against the euro. It also said the return on commodities was close to 0%, “as the price increase of Brent oil and industrial metals was largely offset by price drops of West Texas Intermediate oil and agricultural products”.The scheme added that corporate bonds benefited from a decrease in credit spread, returning 1.1% in 2013.During the presentation, Borgdorff lamented the consecutive delays at the Ministry of Social Affairs in drawing up proposals for a new financial assessment framework (FTK).He said he was worried the new introduction date of 1 January 2015 could not be met either, and added that PFZW still strongly supported a new pensions contract under real terms rather than nominal terms.The scheme’s director also called for a broad debate about the review of the pensions system, involving all stakeholders, and including all controversial issues, instead of solving one problem at the time. The healthcare scheme Zorg en Welzijn (PFZW) saw its assets increase to more than €137bn on the back of an annual return of 3.7%, supported by a fourth-quarter result of 1.9%.Last year, the pension fund’s coverage ratio increased by 8 percentage points to almost 110%, enabling the scheme to grant a partial indexation of 0.94%, according to Peter Borgdorff, the scheme’s director, during the presentation of the preliminary figures. He indicated that PFZW would keep the yearly pensions accrual at 1.95% for its participants this year, and that it would also keep the contribution level at 24.4% of the salary.However, Borgdorff said he remained cautious.last_img read more

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FIFA invests USD 1 million in World Cup TV internships in Brazil

first_imgFIFA is investing USD 1 million in a TV production internship programme for Brazilian students during the 2014 FIFA World Cup Brazil as part of its legacy plans for the competition.The programme gives 438 Brazilian university students the chance to gain paid professional experience with the broadcast production of the FIFA World Cup.The students, chosen from universities in the 12 FIFA World Cup Host Cities, will fill roles ranging from information, commentary and broadcast venue assistants to gain invaluable work experience at the world’s biggest single-sport event.“It is crucial for FIFA that the 2014 FIFA World Cup leaves a positive legacy in Brazil. This programme is one example of the tangible legacy created by the World Cup for young Brazilians,” said Niclas Ericson, FIFA’s Director of TV.“The programme, which has featured at several World Cups, is part of FIFA’s broader legacy plans for Brazil which include Football for Hope projects, sustainability programmes, health education in schools, audio-descriptive commentaries for blind and partially-sighted fans and more.”“FIFA pays for, and organises, the television production of the FIFA World Cup, which is then sold to several hundred Media Rights Licensees for broadcast coverage around the world,” said Ericson. “This helps to give FIFA the resources to invest about USD 550,000 every day into football development programmes in its 209 member associations, to stage a full range of men’s and women’s football tournaments each year and to support social development projects around the world.” The interns were selected for the programme after a series of interviews and study workshops across Brazil with FIFA TV and its host broadcasting services provider HBS.They will be based at the International Broadcast Centre (IBC) in Rio de Janeiro and the 12 official venues across Brazill during the 12 June to 13 July competition. Between 28 and 33 students will be based at each venue, while 82 will work alongside many of the world’s biggest broadcast companies and FIFA Media Rights Licensees at the IBC in Rio.They will receive training in the technical side of host broadcasting, learning how to communicate and to work in an international environment and gaining the basic skills necessary for future employment.“I think it is a once-in-a-lifetime opportunity and it will surely improve my knowledge,” said Igor Silva, a student from Natal.“I love football and it’s really amazing to be in this experience of the World Cup,” said Maria Carolina Arruda, a student from Cuiaba. “Work experience like this can really make a difference to the prospects of any student in a highly-competitive job market,” FIFA’s Ericson said. “We hope our interns will learn and grow during the tournament so that they can use this experience as a springboard to work hard in their studies and to move on into successful careers.”last_img read more

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