Duo Arrested Following Traffic Stop

first_imgShare:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window) Stock Image.JAMESTOWN – Two City of Jamestown residents are facing charges following a traffic stop on Sampson Street near McKinley Avenue Monday morning.Jamestown Police say they pulled over Steven Sanay, 26, for allegedly not using a turn signal just after 2 a.m.Through investigation officers believed Sanay was driving while intoxicated.While officers were conducting sobriety tests a passenger in the vehicle, Marie Dobbins, 33, exited and allegedly began shouting loudly at police. Officers say Dobbins refused to get back into the vehicle and continued to yell. Police say the woman ignored officer’s commands and repeatedly interfered with their DWI investigation.Dobbins was placed under arrested. She is charged with unnecessary noise and second-degree obstructing governmental administration.Sanay is charged with no turn signal, driving while intoxicated, driving with .08% of 1% more of alcohol.Police say both were taken to Jamestown City Jail and later released with appearance tickets in accordance with New York State’s bail reform law.last_img read more

“Advent in Otočac” announced – the biggest so far!

first_imgYesterday he was in the premises of the Tourist Board of the City of Otočac held a press conference announcing this year’s “Advent in Otočac” – the biggest and most spectacular so far!Twelfth in a row “Advent in Otočac” begins on December 6 on St. Nicholas Day, when a modern play “Online St. Nicholas” will be held with the appropriate awarding of gifts to the youngest.The same day is reserved for big international conference “Women and the Dot” which is being held in Otočac for the third time this year, organized by the Croatian Chamber of Commerce of the Otočac County Chamber. Excellent entrepreneurs from Croatia, Slovenia, Bosnia and Herzegovina and numerous entrepreneurs from the Lika area will combine their knowledge and skills in one place, all with the aim of improving women’s business and encouraging women to step into entrepreneurship. The three blocks of the conference will focus on presenting inspiring women’s stories and projects, health as the key to women’s success and the importance of funding, education and networking on the road to success.The crown of the all-day event will be a networking evening with the presentation of the book “From employee to entrepreneur”, and all events are free and open to the public.A children’s workshop will be held on Thursday, December 13th “Advent handles”As an introduction to the big weekend Advent fair called “Christmas magic in Gacka”. The fair will be held on December 15 and 16 in a large tent on the main town square, which this year will evoke a real Christmas atmosphere for all visitors. The fair officially opens on Saturday, December 15 at 11 a.m. with the performance of Klapa Senjkinje, and all exhibition spaces have long been filled.  Roasted chestnuts, mulled wine and a Christmas atmosphere that could complement this year’s announced snow are the best invitations to come to Advent in the heart of Lika.On Saturday, a rich fair offer of traditional products and handicrafts is expected, accompanied by all-day music accompanied by the Tamburitza ensemble Patrioti. KUD Lipa Sinac and the mixed singing group FD Otočac with Advent songs will also perform. The fair continues on Sunday with the performance of KUD Dangubica Kuterevo at 12 noon and the afternoon performance of DV Ciciban and the reception of Santa Claus and his elves who bring sweet gifts to children. It will be a real pleasure for the youngest but also for adults, who will be able to take photos with the happy Santa as a souvenir.The closing of the fair will mark great performance by young music star Mia Dimšić aptly named “Life is Not Gray” starting at 17pm and is free for all visitors.It runs from 14 to 29 December small football tournament Mario Cvitković Maka, while it will Hold a Christmas hackle tournament on December 20th. It will be held on Saturday, December 21st Christmas concert of the Otočac DVD Wind Orchestra, 29.12. Christmas bowling tournament.It all ends on the last day of the year when it will be organized in Otočac children’s New Year’s Eve at 12 o’clock and a big evening reception about which more will be known soon. All events of this year’s Advent in Otočac are free and open to the public, and all information and news are published daily on the official Facebook page i Facebook eventlast_img read more

Sponsor covenants ‘key’ in resolving UK schemes’ asset allocation dilemma

first_imgSponsor covenant strength will be key in determining 2014 asset allocation for UK pension schemes approaching the decision of investing for growth or moving towards bulk annuities, BlackRock has said.Pension schemes in the UK are currently mulling asset allocations after 2013 proved to be an exceptional year for growth asset returns.However, the yield on government bonds also rose, after the downward pressure imposed by quantitative easing began to ease, lowering the value of Gilt holdings.Inverse performance from equity and fixed income assets has left underfunded pension schemes with something of an allocation dilemma. Schemes wanting to increase their funding level via asset increases are again being encouraged to move into riskier assets, such as equities.Simultaneously, schemes are also being encouraged to look towards bulk annuity markets to pass on obligations to the insurance industry, thus reducing liabilities.In order for the latter option to be commercially viable, schemes would need to invest in assets easily transferable, and preferable, to the insurance sector.Bulk annuity insurers have a preference for fixed income assets, and price insurance contracts depending on the spread between Gilts and corporate bonds.Arno Kitts, head of institutional business at BlackRock, said the decision within pension schemes should be based on two factors.One would be the scheme’s distance from achieving 100% funding on a buyout basis, thus allowing it to pass on all obligations to an insurance company.More important, however, would be the scheme’s support structure, such as its sponsor covenant, Kitts said.“Mainly, it is the strength of the covenant, which does dictate the amount of risk a pension fund can afford to take,” he said.“If you’re underfunded, a strong covenant affords you the ability to take growth risk, as someone can back you, if you really need to make up the ground on funding.”However, the move for growth assets to plug funding gaps may prove detrimental should the pricing for bulk annuities further improve, as is expected.Consultants at LCP, in a recent report, said 2013 was a record year, but 2014 could dwarf this, given that pensioner buy-in pricing remains attractive.Aon Hewitt, in its monthly bulk annuity market report, also found that volatility in growth assets was affecting schemes planning to transact with insurers, and highlighted the conflicting aims for schemes.At the end of January, schemes planning to price up an insurance contract could have seen the affordability fall by 5% in a week, solely due to equity movements.“This highlights the importance of considering when risk settlement would be desirable and what changes to the operation of the scheme may be made – perhaps including asset switches – in preparation,” Aon Hewitt said.Kitts said schemes, once set on a strategy, needed to think tactically about asset allocation.He suggested discussing with insurers which assets were more attractive to them, given the constant movement in pricing markets.Kitts pointed out that schemes allocating for bulk annuities could not follow calls to move into illiquid growth assets, which are long term and index-linked, and potentially provide equity-like returns.He said insurers would have admissible limits over illiquid assets and further capital requirements for volatility, resulting in higher pricing for bulk annuity deals.last_img read more

Vettel emulates Schumacher as Ferrari end Monaco jinx

first_imgBy Alan BaldwinMONACO,(Reuters)-Sebastian Vettel stretched his championship lead over Lewis Hamilton to 25 points on Sunday after becoming the first Ferrari driver since Michael Schumacher in 2001 to win Formula One’s showcase Monaco Grand Prix.Team mate Kimi Raikkonen, on pole for the first time in nine years, lost out in the pitstops but secured a Ferrari one-two with Hamilton finishing seventh for Mercedes after starting 13th.The German celebrated as jubilantly as his seven times champion compatriot would have done, whooping over the radio and beaming from the podium as mechanics sang the Italian national anthem.“It’s obviously a great day for the team…great to get the points, great to get the win,” said Vettel.As with Schumacher in his pomp there was also a distinct whiff of ‘team orders’, with Raikkonen pitting first and Vettel staying out for a further five laps in a move that worked in his favour.His 45th career win was the German’s third in six races but there was plenty of sympathy for Raikkonen, who last won with Lotus in 2013.The Finn looked far from happy on the podium, staring fixedly ahead and taking gulps of the Champagne as Vettel sprayed his.“It’s still second place but it doesn’t feel awful good,” he said. “It’s how it goes sometimes.”“I know how it feels, it’s not a good feeling,” reigning champion Nico Rosberg, who retired at the end of last year after years of battling Hamilton at Mercedes, consoled him as he conducted the post-race interviews on the finish straight.Australian Daniel Ricciardo took his second successive podium with third place for Red Bull.MINIMAL OVERTAKINGIn a race with plenty of sunshine and minimal overtaking, late crashes ensured the safety car made its traditional Monaco appearance.While Raikkonen led for the first 34 laps, the writing was on the wall at the pitstops with a consensus emerging already before the start that Ferrari would favour the championship leader.“It was a very tense race. I knew that (staying out) was the chance to win and I was able to use that window and come out ahead. After that I was able to control the gap behind,” said Vettel.What had been a processional race, with the wider new cars making overtaking more difficult, turned into sudden drama with a collision between Jenson Button’s McLaren and Pascal Wehrlein’s Sauber at the tunnel entrance.Wehrlein’s car was flipped on its side against the tyre wall and fence, with the German driver trapped inside and marshals unable to do anything about it, after Button went down the inside in what looked like a wildly optimistic attempt to pass.Button parked his damaged car at the other end of the tunnel with the safety car deployed.Wehrlein’s team mate Marcus Ericsson then ploughed straight on into the barriers at the first corner with 13 laps remaining.Ricciardo gained his places on strategy, with Dutch team mate Max Verstappen venting his fury over the radio with some pithy language after discovering he was behind his team mate despite starting in front.Verstappen finished fifth, behind Valtteri Bottas for Mercedes, with Carlos Sainz sixth for Toro Rosso. Frenchman Romain Grosjean was eighth.Brazilian Felipe Massa was ninth for Williams and Denmark’s Kevin Magnussen took the final point for Haas. Mexican Sergio Perez was 13th, ending his run of 15 successive points finishes for Force India.Former champions McLaren’s hopes of a first point of the season had already disappeared 12 laps from the end when Belgian rookie Stoffel Vandoorne, who had been 10th, crashed at the same place as Ericsson.Renault’s Nico Hulkenberg was the first to retire, pulling over at the tunnel entrance with smoke coming out of the rear of his Renault on lap 16.last_img read more