Robert Trump, president’s brother who shunned the spotlight, dies

first_img“He will be greatly missed, but we will meet again. His memory will live on in my heart forever. Robert, I love you. Rest in peace,” Trump said.Robert Trump, who at 71 was younger than the 74-year-old president, was a business executive and real estate developer. Unlike his reality TV star brother, Robert Trump shunned the limelight.President Trump made an emotional visit to see his ailing brother on Friday at New York-Presbyterian/Weill Cornell Medical Center before going to his golf club at Bedminster, New Jersey, for the weekend.The president was expected to attend the funeral, an aide said. He has a busy travel schedule in coming days with plans to visit four battleground states as part of his re-election campaign. Robert Trump, the younger brother of US President Donald Trump and a business executive who avoided the spotlight, died on Saturday night, a day after the president visited him in a New York hospital.President Trump announced the death in a statement.”It is with heavy heart I share that my wonderful brother, Robert, peacefully passed away tonight. He was not just my brother, he was my best friend,” the president said. The cause of death was not revealed. Trump told reporters on Friday that his brother was “having a hard time” with an undisclosed illness. A person familiar with the situation said the brother had been on blood thinners.ABC News had reported that Robert Trump was hospitalized in the intensive care unit at Mount Sinai hospital in New York for more than a week in June.That month, Robert Trump won a temporary restraining order against his and the president’s niece, Mary Trump, to stop her from publishing a tell-all book that offered an unflattering look of the president and his family.A state supreme court judge in Poughkeepsie, New York, later denied a request to stop publication and canceled the temporary restraining order.Robert Trump had said the book, “Too Much and Never Enough: How My Family Created the World’s Most Dangerous Man,” would violate a confidentiality agreement tied to the estate of his father Fred Trump Sr, who died in 1999.The New York Post reported in March that Robert Trump had married his second wife, Ann Marie Pallan, and that they lived in a country home on Long Island.Two of Donald Trump’s children expressed sadness about their uncle’s death.”Robert Trump was an incredible man – strong, kind and loyal to the core. Anyone who encountered him felt his warmth immediately. He will be deeply missed by our entire family,” said Eric Trump in a tweet.”Uncle Robert, we love you. You are in our hearts and prayers, always,” tweeted Ivanka Trump.Topics :last_img read more

Leaked draft of IORP II Directive sets out to support long-term investment

first_imgA leaked copy of the European Commission’s long-awaited proposal for revising the directive on Institutions for Occupational Retirement Provision (IORP) sets out to “strengthen the capacity of IORPs to invest in assets with a long-term economic profile” and falls “well within the scope of the Commission’s agenda towards a stronger sector to support growth”.It does not consider the introduction of new solvency rules.The proposal calls for fiscal consolidation and long-term sustainability to be implemented hand in hand with EU member states’ structural reforms of their respective pension systems.It is also meant to be consistent with and complementary to other initiatives in the field of financial services, such as Solvency II, MiFID II and the Alternative Investment Fund Managers Directive (AIFMD). The proposal sets out four specific objectives: (1) removing remaining prudential barriers to cross-border IORPs; (2) ensuring good governance and risk management; (3) providing clear and relevant information to members; and (4) ensuring supervisors have the necessary tools to effectively supervise IORPs.In November 2013, EU commissioner Michel Barnier, in his closing speech at EIOPA’s conference in Frankfurt, confirmed that the directive would not cover solvency rules but rather the governance and transparency of pension funds.“Along with trying to solve cross-border issues,” he said at the time, “our aim is to create a framework in which pension funds can grow – especially in member states where they hardly exist today.”He said EU member states that already had a developed pension fund sector with a high standard of transparency “should not be greatly impacted by this proposal”.True to his word, the leaked draft states that the proposal does not consider the introduction of new solvency rules.”Solvency rules are not directly relevant for DC schemes,” it says. “Moreover, the Quantitative Impact Study conducted by EIOPA indicated that more complete data on solvency aspects are necessary before a decision can be taken on those aspects.”The proposal describes itself as a “minimum harmonisation legal instrument” and states that national authorities may go further if necessary for the purposes of member and beneficiary protection.However, it states that the minimum standards within the IORP I Directive of 2003 are to be raised, with some parts of the new directive being reinforced by Commission delegated and implementing acts.Blame for a general lack of reform by EU member states also appears in the text, particularly their failure to remove obstacles to cross-border activities.Another is failure to ensure an EU-wide minimum level of consumer protection.One stated aim in the leaked draft is to “take into account positive externalities arising from scale economies, risk diversification and innovation inherent to cross-border activity”.Furthermore, it sets out to avoid regulatory arbitrage between different financial services sectors and member states.Under the heading ‘Powers of interventions and duties of the competent authorities’, the text states that competent authorities may also restrict the free disposal of an institution’s assets when it has failed to establish sufficient technical provisions.Another article states that the competent authorities may also transfer the powers of persons running an institution located in their territories, wholly or partly, to a special representative who is fit to exercise these powers.As for the expected date of the final version of IORP II, the Commission mentions March, without providing a firm date.last_img read more

Allardyce defends Hammers challenge

first_img The Hammers are unhappy that the England striker’s ban – a consequence of being sent off against Swansea last week – was not overturned, and have taken their case to an independent arbitral tribunal in the pursuit of “justice”. Co-owner David Gold said on Thursday that his club were seeking “legal redress” over the matter, although a statement on West Ham’s official website on Friday morning ruled out any sort of court action. Press Association West Ham manager Sam Allardyce is certain the club have acted appropriately by challenging the Football Association’s decision to uphold Andy Carroll’s three-match suspension. “The second thing is: did he have a clear view and clear eye line of the incident? Howard had just watched it in his dressing room when I went to talk to him. And so that’s a great piece of evidence to say, ‘Did you see clearly what had happened?’. “My next question was, ‘Who made the decision?’. His answer was he did and he didn’t use assistance from fourth official or the assistant referees. “So we based our whole appeal on that scenario and for me the conclusion could only have been that he felt that even though he hadn’t seen it 100 per cent, he was reluctant not to give a red card on the basis that if Andy had caught him full in the face or elbowed him or used violent conduct, which he didn’t, it was at very best reckless, then he would’ve been in trouble with his group of referees and his bosses for not giving it.” Allardyce was left less than impressed by the reaction of Spanish defender Flores. The West Ham manager said: “The other scenario is that simulation is allowed to win. Mr Flores seems to be pretty proud of himself Tweeting what has happened in that scenario, but he has got away with simulating. “He has caused a bigger problem in football than what the arbitration panel is looking at for me. “He has allowed people to say to players ‘you can get away with simulation to get someone sent off or get a decision in your favour’, that is clear for all to see on what happened. “Howard thought that Andy has smashed him straight in the face by his reaction and then when you see it after there is little or no contact and it is nowhere near his face, so it is a shame. “The other scenario that he must feel a lot more guilty of is he has just got his manager sacked.” The independent panel, at which the FA will also be represented, is expected to rule later this afternoon, and if the resolution falls in West Ham’s favour it would free main striker Carroll up for the Barclays Premier League game at Aston Villa. Allardyce firmly believes the Irons were right to take the matter further. Speaking at Friday’s pre-match media conference, Allardyce reflected on the FA’s verdict and said: “My reaction was anger and injustice. “I think the whole procedure in terms of how we put our case together and the vast swell of people felt it was unjust and for me the panel has not seen it how they should have seen it and as the evidence we gave. “It’s easy to hide behind the regulations or what the law says, but that’s an easy way out for me. “Referees often say technically it’s this and that or ‘the letter of the law’ and that and it grinds on you. “In this case they were looking at it from the view of one thing only: was it an obvious mistake? So we based our procedure on this, and I’m 100 per cent certain it was an obvious mistake. “(Referee) Howard Webb should have given a free-kick for Andy against (Chico) Flores, at that stage the whistle blows and there’s no incident, so that’s an obvious mistake, it’s an obvious free-kick. last_img read more

Monthly Newsletter from Richard Neufeld

first_img**This is the first of a monthly column that MLA Richard Neufeld will be writing for**I’ve been proud to serve as MLA for the Peace River North constituency since 1991. I’ve also been fortunate to be the provincial Minister of Energy, Mines and Petroleum Resources since the BC Liberals formed government in 2001.I’ve worked and lived in the northeast for most of my life and am proud to call this region my home. Serving the public is something I’ve been doing most of my life. Before I became a Councillor, and eventually Mayor, in Fort Nelson, I worked in the oil and gas industry. – Advertisement -When I was asked to write a column for the new Energetic City website I was happy to oblige and look forward to making this monthly column just one way that I update my constituents on what the provincial government is doing for northeastern British Columbia. I also hope to use this space to talk about the oil and gas industry and what its future holds in our province.I’d also like to take this opportunity to encourage you to contact my office at any time about questions you may have about services offered by the provincial government. My office is located at 10104-100th Street in Fort St. John and can be reached by toll free at 1-866-263-0101 or via email at [email protected] The new Fort St John hospital project continues to move forward. The new hospital will provide enhanced services for northeastern British Columbians when complete.Advertisement Earlier this summer I announced a pair of LocalMotion grants for the communities of Fort St. John and Hudson’s Hope respectively. In Fort St. John, the provincial government is providing over $387,000 for the Community Trail project which will see the construction of a 1.5 km long (and three metre wide) trail on 86th street from 101st to 109th Avenue. The trail not only runs through the sports field and playground area, but helps to link several neighbourhoods and different parts of the city. The trail will also enhance safety for residents who previously had to walk on the shoulder of the road where no sidewalk exists as trail users will be distanced from vehicle traffic.Hudson’s Hope will receive approximately $4,400 to construct a paved wheelchair ramp from the road to the library.The government also recently announced nearly $200,000 in funding from the Aboriginal Special Projects Fund for two programs that will focus on leadership and communication skills. I’ve recently become a grandfather and find myself even more cognisant of the importance of leaving a better future for our children and their children. I’m confident that the work we are doing today will make for a brighter tomorrow.last_img read more