Police investigating body found in Susquehanna River

first_imgA kayaker who found the body says it was located near the Les Wagner Rowing Center OWEGO (WBNG) — New York State Police are on the scene of an investigation regarding the discovery of a body along the Susquehanna River, according to the police chief of the Endicott Police Department. Police have not identified the body but say its a male. Endicott Police Chief Patrick Garey confirmed he is sending an investigator to the scene. State police confirmed to 12 News they are investigating. This is a developing story. We will continue to update this story as we learn more.last_img

Pope orders changes at Vatican pension fund

first_imgThe latest move means that the pension fund’s president will be chosen by the Pope from among three candidates nominated by the Council for the Economy – which sets policy guidelines for the Vatican’s economic activities – and who could include members of the laity.Up till now, the role has normally been held by the president of the Administration of the Patrimony of the Apostolic See (the Vatican’s Treasury), the current incumbent being Cardinal Domenico Calcagno.In future, the pension fund president will serve for a five-year term, which can be renewed once.Furthermore, the pension fund’s board of directors will include four external members with experience of insurance and pension fund management, also appointed by the Council for the Economy.However, according to press reports, Father Federico Lombardi, director, Vatican press office, said no changes are planned for the pension fund’s investment policies in the immediate future. Its new board of directors will have the power to advise the pension fund president on investment strategy.Last February, the fund’s board and auditors issued a press statement in response to “alarmist information” in the media, relating to the fund’s sustainability. For the first time, financial data – including the size of the portfolio and annual income figures – was published.The press statement also said there was a “substantial balance” between available resources and commitments to current and future employees, and that the funding ratio was 95%.Contributions have been increased to a rate of 26% on taxable income, while retirement ages have been raised by two years, to 67 for lay staff, and 72 for clergy.Recently, a number of prominent industry professionals have come on board to support the Vatican’s push for improved financial management.In July last year, Jean-Baptiste de Franssu, former head of Invesco Perpetual’s Continental European business, was appointed president of the Vatican Bank.At the same time, the Council for the Economy set up a technical committee to recommend changes to strengthen the pension fund’s sustainability.The committee included industry veterans Antoine de Salins, deputy general manager and chief investment officer, Groupama; Andrea Lesca, general manager, Intesa Sanpaolo Previdenza; and Nino Savelli, professor of risk theory at the Catholic University of Milan and a member of EIOPA’s insurance and reinsurance stakeholder group. Pope Francis has issued new statutes for the Vatican pension fund which provide for the fund’s president to be appointed directly by the Pontiff himself, and for the inclusion of laity on the board of directors.The pension fund had net assets of €477.7m as at end-December 2014, with its portfolio estimated to be worth €504m at the end of 2015.The changes have been introduced by a motu proprio, a document issued by the Pope on his own initiative.They form part of an ongoing shake-up in Vatican finances prompted by the Pope since his election in 2013.last_img read more

Schmidt holds on – despite Hall’s record charge

first_img Tags: Alwoodley Golf Club, Brabazon Trophy 1 Jun 2019 Schmidt holds on – despite Hall’s record charge Yorkshire’s Ben Schmidt withstood a record-breaking charge from Harry Hall today to hold on to a one-shot lead in the Brabazon Trophy at Alwoodley Golf Club.Hall, from West Cornwall, swept up the leaderboard with his eight-under 63, which set a new course record and took him to 10-under in the English Men’s Open Amateur Stroke Play.Schmidt, meanwhile, shot two-under 69 – his third sub-par round – and is 11-under for the championship, which he is playing for the first time.“It was tough out there today,” said the 16-year-old from Rotherham Golf Club. “There was quite a bit of pressure and a fair few people watching, but I played pretty solid. I went out there and shot under par again – I haven’t given anything back yet.”He started well again with three birdies in the first five holes and despite a bogey on six – his first dropped shot in 27 holes – he was three-under playing the last. There he was caught out by a flier, with his seven-iron approach covering 230 yards and finishing 50 yards past the pin. It cost him a bogey – but not the lead.Round three of a championship is traditionally moving day and it was clear from early on that today’s conditions were ideal for scoring. Harry Hall made sure he grabbed the advantage.The 21-year-old had a quiet day on the course yesterday, scoring one-over 72. After that he tackled the jet lag which followed his Tuesday flight back from university in the USA, prescribing himself a nap and a work out.“I came out with a lot of energy today and it paid off,” he said after signing for the third course record of his career.His round included two eagles, five birdies and one bogey – which he credited with giving him the final push to the record.He dropped the shot on the 15th after finding a greenside bunker and missing a 5ft putt. But he immediately followed up with two consecutive birdies.“I hit the putt perfectly and it didn’t go in. But my reaction to that putt allowed me to make two birdies after that. I was able to start the next one on line from 6ft and it dropped,” said Hall.He put the record in his grasp when he holed a 35ft putt for birdie on 17 and secured it with a solid par on the difficult 18th.“I’m very pleased,” he said. “I said to a few people that it would be nice to be in contention and I think I have put myself in a good place and, hopefully, in the final group.”Hall and Schmidt will, indeed, tee off last tomorrow at 11.58am. Behind them are Jake Hapgood of Wales, who is six-under, while Charlie Thornton (Fulford) and David Langley (Castle Royle) are both five-under.Among the day’s big movers were Jannik de Bruyn of Germany, Luca Filippi of South Africa and England’s Billy McKenzie (Rowlands Castle) who respectively shot 67, 66 and 68 to move up the leaderboard.Click here for full scoresImage copyright Leaderboard Photographylast_img read more