FSA reveals sat fat plans

first_imgThe Food Standards Agency (FSA) has unveiled the first raft of its recommendations for reducing saturated fat and added sugar in bakery products, following its consultation last summer.It is encouraging the food industry to reduce saturated fat in biscuits, cakes and buns, as well as increase the availability of smaller portion sizes. The FSA has announced a specific target to reduce the saturated fat content in plain sweet and savoury biscuits, and plain cakes by at least 10%; and 5% in non-plain biscuits and cakes, compared to the level of saturated fat in those products during 2008.Further recommendations on pastry, savoury snacks, meat products and dairy will follow early in the summer.The recommendations are focused on those products that the FSA has identified as contributing the most to saturated fat and calories in the diet. However it said it recognises the progress already made by some businesses on reducing saturated fat and added sugar, and also that “there are a number of traditional/niche/seasonal products for which recipes and means of production may limit the scope for reformulation”.To view the recommendations in more detail click here.Saturated Fat Reduction Round Table, May 6th 2010 – a free event for food and drink manufacturers and retailers.  >> Find out more about this eventlast_img

Statement to Parliament: Government response to the 46th report of the Review Body on Doctors’ and Dentists’ Remuneration

first_imgGPs face a significant challenge in numbers and we need to recruit large numbers over a short period, meaning any pay rise needs to be balanced against our aim for a growing number of practitioners. The 2018/19 pay award is worth £2,000 per year to a GP contractor with a median taxable income of £100,000.The government’s response to the DDRB’s recommendations takes account of: From 1 October 2018: Doctors and dentists in trainingAs agreed in the May 2016 ACAS agreement, we will discuss changes to the pay structure as part of the 2018 review of the contract, re-investing any existing funding freed up as transition costs reduce.From 1 October 2018: add a further 1% to the value of the GP remuneration and practice staff expenses through the GP contract, supplementing the 1% already paid from April 2018 and making a 2% uplift in all. This will enable practices to increase the pay of practice staff I am responding on behalf of my Rt Hon friend the Prime Minister to the 46th Report of the Review Body on Doctors’ and Dentists’ Remuneration (DDRB). The report has been laid before Parliament today (Cm9670). I am grateful to the Chair and members of the DDRB for their report.I am today announcing pay rises for doctors and dentists working across the NHS.This is a pay rise that recognises the value and dedication of hardworking doctors and dentists, targeting pay as recommended by the DDRB, and taking into account affordability and the prioritising of patient care.Supporting the NHS workforce to deliver excellent care is a top priority. Following this one-year pay rise, we want to open up a wider conversation on pay and improvements. This is the start of a process whereby we will seek to agree multi-year deals in return for contract reforms for consultants and GPs. We want to make the NHS the best employer in the world.In June this year nurses were awarded a multi-year award as part of a pay and contract reform deal and it is only right that pay rises are targeted at the lowest paid workers.Including the announcement of today’s pay award, from October 2018 a consultant that started in 2013 will have seen a 16.5% increase in their basic pay, rising to a salary of £87,665 from £75,249. Today’s pay award is worth: the recommended minimum and maximum pay scales for salaried GPs will be uplifted by 2% the GP trainer grant and GP appraiser fees will be increased by 3% and we will apply the same approach to clinical educators’ pay; GP and dental educators Specialty doctors (new grade 2008) and associate specialists (closed grade)I take note of the DDRB comments about the particular issues of morale in relation to this group that led to their pay recommendation and their observation on the need for a review of the salary structure for these grades as part of a wider review of their role, their career structure and the developmental support available to them. It is intended that this will follow the agreement of reformed arrangements for consultants.From 1 October 2018: increase expenses by 3% From 1 April 2019: General dental practitionersFrom 1 April 2018 (backdated): between £1,150 and £1,550 for consultants between £1,140 and £2,120 for specialty doctors between £1,600 and £2,630 for associate specialists between £532 and £924 for junior doctors around £1,052 for a salaried GP with a median taxable income of £52,600center_img From 1 October 2018: a 2% increase in basic pay and the value of the flexible pay premia introduction of a flexible pay premium for doctors on training programmes in histopathology of the same value as that currently provided for doctors on training programmes in emergency medicine and psychiatry increase basic pay by 3% The government’s response is as follows.ConsultantsI am committing to negotiations on a multi-year agreement incorporating contract reform for consultants to begin from 2019/20.From 1 October 2018: General medical practitionersI intend to ask NHS England to take a multi-year approach to the GP contract negotiations with investment in primary care linked to improvements in primary care services.From 1 April 2018 (backdated): a 1.5% increase to basic pay the value of both national and local clinical excellence awards (CEAs) to be frozen 0.5% of pay bill to be targeted on the new system of performance pay to increase the amount available for performance pay awards from 2019/20. Employers will be able to choose to use the 0.25% of funding available in 2018/19 as transitional funding to manage the costs of running the required CEA round this year or to invest it additionally should they choose to do so affordability in 2018/19 in the context of a spending review that budgeted for 1% average basic pay awards the importance of prioritising patient care, and the long-term funding settlement, which increases NHS funding by an average 3.4% per year from 2019/20, and which will see the NHS receive £20.5 billion a year in real terms by 2023 read more

Dave Matthews Band Welcomes Carlos Malta For Exciting Gorge Opener [Setlist]

first_imgThere’s no denying that the Gorge Amphitheatre is a magical venue, as the George, WA locale’s natural beauty was only accentuated by the smooth tones of the Dave Matthews Band last night. The DMB began a three night run at the storied grounds as part of an annual tradition that dates back to 2006. The band has hit the Gorge every year since 1996, and, with excitement at an all time high, the band delivered a great opening night show after opening sets from The Lone Bellow and Lake Street Dive.DMB opened with “The Best Of What’s Around” for the first time since 2013, and the hits kept on coming. “Big Eyed Fish” segued into “Satellite,” before tunes like “Stay or Leave,” “Seven” and the newer song “Bob Law” kept the party going. The band also had a special guest join them, as Carlos Malta sat in for three songs during the main set: “What Would You Say,” “Lover Lay Down,” and “Recently.”The band closed out their show with a great two-song encore that featured “Oh” and the only cover of the night, Bob Dylan’s “All Along The Watchtower.” Check out the full setlist.fm setlist, posted below. [Photo by aaron.cropper/Instagram] Edit this setlist | More Dave Matthews Band setlistslast_img

Enterprise Research Campus plan approved

first_imgHarvard’s initial regulatory document for an Enterprise Research Campus (ERC), located a stone’s throw from the rising Allston home of the Harvard John A. Paulson School of Engineering and Applied Sciences, was approved by the Boston Planning and Development Agency (BPDA) board on Thursday evening.The planned development area master plan approved by the city agency includes details for new infrastructure, streets, and open space supporting an initial 900,000-square-foot, mixed-use development of office and lab space, residential units, and a hotel and conference center.“Harvard’s longstanding commitment to shaping the future by driving the expansion of knowledge and the work of discovery is reflected in our plans for the Enterprise Research Campus,” said Harvard President Drew Faust. “New spaces will encourage and enhance collaboration inside and outside of Harvard, and our students and faculty will have additional avenues to make direct and meaningful contributions to the world. At the same time, we look forward to seeing the ways in which bringing other organizations in close proximity to campus will strengthen the University — and the entire region — in exciting and unexpected ways.”The enterprise area, initially included in the University’s 2011 Allston work team recommendations, is adjacent to the new Science and Engineering Complex (scheduled to open in the fall of 2020), across the street from Harvard Business School, and near the cluster of the i-lab, Life Lab, and Launch Lab initiatives.The plans detail significant open space commitments by continuing the development of a dynamic greenway, which currently begins at Ray Mellone Park, will extend east past the new Science and Engineering Complex, eventually expand into the ERC, and ultimately lead to the Charles River.The 2011 recommendations called for the University to create an enterprise research campus to complement institutional growth by opening a “gateway to a collaborative community” that would become a vibrant location for businesses, nonprofit organizations, incubators, startups, and social enterprises looking for opportunities for applied research and entrepreneurship near both Harvard’s campus and the region’s knowledge-based ecosystem.The Enterprise Research Campus will sit on 36 acres of industrial property formerly controlled by the CSX Transportation (CSXT) rail operation. Over the past 15 years, CSXT and Harvard have executed an agreement resulting in relocation of rail uses from property, clearing of all structures, and environmental testing and remediation. With no previous subsurface infrastructure, new below-ground and roadway systems can now be established on the enterprise campus to support development.The master plan and accompanying framework document detail significant open-space commitments by continuing the development of a dynamic, multiuse greenway. The greenway, which currently begins at Raymond V. Mellone Park and continues through Rena Park, will extend east past the new Science and Engineering Complex, eventually expand into the enterprise campus, and ultimately to the Charles River.The plan calls for new roadways, many of which will include such useful elements as a 50-foot-wide pedestrian promenade, urban gathering spaces, and protected bike lanes. The plan also features a new state-of-the-art storm-water system that will enhance drainage and resiliency efforts. These new streets and systems will help improve circulation and address flooding challenges in the neighborhood.“The thoughtful feedback that we received from the BPDA, the IAG, and the Allston community informed and strengthened our goal to attract companies that will promote interaction, and generate and implement new technologies and ideas,” said Harvard Executive Vice President Katie Lapp. “We’re confident that the ERC will complement Harvard’s academic mission, support neighborhood needs, and enhance regional opportunities for economic development.”The planned development area master plan, reflecting uses.The University’s filings are also responsive to many of the key next steps identified in the Imagine Boston 2030 citywide master plan. The city’s planning document identified the enterprise campus as part of an expanded-neighborhood area, with high capacity for growth in new mixed-use development, housing, jobs, and investment in new transportation infrastructure and climate resiliency measures. The regulatory process to advance the master plan has allowed for significant progress toward goals for the area: creating a mixed-use, transit-oriented neighborhood, adding walkable streets with protected bike lanes connecting a previously impermeable tract of land, implementing a district-wide approach to storm-water management, and working toward a new permanent transit hub at West Station.The Massachusetts Department of Transportation is in the process of developing plans to realign Interstate 90, and has read more

Students reflect on tradition of interhall football

first_imgWith football season commencing, many students get their football fill by cheering on the Fighting Irish and binge-watching other NCAA and NFL games each weekend. But for those who want to get out on the gridiron themselves, Notre Dame has no shortage of options.Last weekend kicked off the seasons for men’s and women’s interhall football. Reigning champions Welsh Family Hall and Stanford Hall look to defend their respective titles this year amid large and fiercely contested fields. Emma Farnan | The Observer Stanford and Duncan residents compete in the 2016 men’s interhall championship game held in Notre Dame Stadium on Nov. 20. Interhall football started this past Sunday for both men’s and women’s halls.Senior Matt O’Brien, captain of Stanford’s team, played football in high school and was thrilled at the opportunity to get out on the field once again. He said the Sunday afternoon games are more than just a chance to throw the ball around; competition in interhall matches is often surprisingly good. O’Brien said his team’s intensity is one of the keys to its success, and something he hopes to carry forward into this season. “We had a great group of upperclassmen who have helped us since I was a freshman,” he said.Stanford junior Peter Ryan, who scored the decisive touchdown in last year’s final, and again this weekend against Keenan, is “probably the most dangerous wide receiver in the league,” O’Brien said. Every Sunday, all-star athletes take the field alongside other determined players to compete for their dorms.“Winning an interhall football championship is one of the best moments of your life,” O’Brien said. “But even making it to the finals is quite an achievement. Each championship game is played in the Notre Dame Stadium in front of hundreds of fans, making it an unforgettable experience.”Senior Michele Pennala is the captain of Breen-Phillips’ flag-football team this year and said the sport is just as much about dorm participation as it is about competition.“It’s one of the ways to get more involved with community and I think BP also had a really fun tradition when we were coming in as freshman, making it seem like it was a fun experience and you get to be more active with the dorm,” Pennala said. “And then it just transitioned to be a bonding experience with various classes. It also just releases that competitive side that a lot of people had in high school and that they might not be able to embrace in college by not playing a competitive sport.”Pennala said the team is usually comprised of 15 to 20 girls and last year Breen-Phillips made it to the semi-finals, winning their first playoff game, but then losing their second.“The best part is when someone got an interception or had an amazing run play,” she said. “Not only would the players on the field, but also the people on the sideline and the coaches would just start screaming and flailing their arms and just going crazy. That’s always an electrifying feeling.”Pennala said not everyone on the team had played flag football before, but that some players were looking to try something new.“It’s actually a really big mix, some people haven’t played flag football before or maybe they signed up for a powder-puff game in high school,” she said. “People just wanna go out there and be a part of the dorm.“Everyone just gets a chance to participate and it makes it that much more exciting to have that opportunity to discover a different side of themselves.”Finalists get a small taste of what the Fighting Irish players feel every week as they step out onto the field, as all four of last year’s competitors battled strong winds and temperatures in the mid-thirties. The challenging conditions did nothing to dampen the players’ excitement, though, and O’Brien recalls a moment when, “just around dusk, the lights came on and flooded the field.” This year is O’Brien’s final season of interhall football and he said he looks back on his interhall memories fondly.“I genuinely feel like I’ve been living on borrowed time, to have the opportunity to put on a pair of shoulder pads and play a game of competitive football every week,”O’Brien said. “Of all the traditions we have here at Notre Dame, when I look back on my college experience I can honestly say that I couldn’t have gotten this anywhere else.”Tags: dorm life, football, Interhall Footballlast_img

New research shows potential of significantly increasing solar cell efficiency

first_imgNew research shows potential of significantly increasing solar cell efficiency FacebookTwitterLinkedInEmailPrint分享Renew Economy:Researchers at MIT and Princeton Universities have successfully demonstrated a new method for silicon solar cell design that could push efficiencies not just to record highs, but beyond what were theoretically thought possible.Conventional silicon solar cells have a theoretical maximum efficiency of around 29 per cent, as there is a limit to how much sunlight can be converted into useful electricity within a silicon solar cell (dubbed the Shockley–Queisser limit).Many commercially available cells achieve efficiencies in the order of 20-25 per cent, with higher efficiencies being a trade-off against the overall cost of the cell. But in a finding that may allow solar cells to surge beyond efficiencies that were previously thought possible, researchers at MIT have discovered a way of extracting even more energy out of the light that hits a solar cell, believing they can take silicon solar cell efficiencies to as high as 35 per cent.Traditionally, photons have only been able to transfer their energy to a single “excited” electron as they pass through conventional silicon solar cells. However, some parts of the light spectrum, notably blue and green light, has enough energy to excite multiple electrons. Generally, this excess energy is converted into waste heat, and researchers have been searching for way to tap into this extra energy, seeing the potential to boost solar cell efficiencies.In new research published in the journal Nature this week, researchers at MIT and Princeton Universities have demonstrated a method of doing exactly that, using photons (the light particles) to “excite” multiple electrons. By “exciting” multiple electrons, solar cells could produce more electric current using the same amount of light, boosting the efficiency of silicon solar cells by as much as 20 per cent. The proof of concept could lead to dramatic increases in the efficiencies of silicon solar cells, pushing beyond the 29% theoretical efficiency limit of current cells, to as high as 35%.A wide range of research is currently underway for taking the efficiency of solar cells beyond 30%, with most techniques using a combination of silicon and organic solar cells “stacked” upon each other to maximise the amount of sunlight converted to electricity. But the MIT/Princeton research requires just a single silicon cell, which are most commonly used for commercially available solar cells.More: Solar cell efficiency could get a dramatic boost, MIT team findslast_img

Waiver questions highlight contingency fee rule debate

first_imgWaiver questions highlight contingency fee rule debate December 15, 2005 Regular News Waiver questions highlight contingency fee rule debate Gary Blankenship Senior Editor Advocates for a proposed Bar rule amendment to limit contingency fees in medical malpractice cases had a simple argument: Constitutional Amendment 3 approved by voters last November limited those contingency fees, and Bar rules should reflect what’s in the Florida Constitution. Allowing clients to waive those fee restrictions in effect changes the amendment that voters approved.Opponents to the proposed rule made a variation of that argument. Citizens have always had the right to waive their constitutional rights. Nowhere in Amendment 3 was it explained that they would lose that right if the amendment passed, so approving the rule alteration would in effect change the amendment that voters approved.In the middle of these and other contending oral arguments made on November 30 was the Florida Supreme Court. The court was considering the amendment proposed by petition from 54 Bar members who want to amend the Bar’s contingency fee rules to reflect what is in Amendment 3.That amendment restricts contingency fees in medical malpractice cases to 30 percent of the first $250,000 awarded, not counting costs, and 10 percent of awards above that amount.The court received over 200 briefs and comments on the proposed rule, virtually all opposing it.Issues raised in the briefs and at the oral arguments included that using Bar rules was not the right way to implement a constitutional amendment; the rules can’t restrict medical malpractice claimants who are nonlawyers; and that the restriction upholds other policies besides giving claimants a larger share of awards.Some justices asked lawyers making the arguments if it might not be better to ask The Florida Bar to propose an interim rule amendment while challenges involving the constitutional amendment make their way through the court system.Former Justice Stephen Grimes, who spearheaded the rule petition, argued that the amendment was a straightforward policy statement that overrides current Bar contingency fee rules with respect to medical malpractice cases.“That’s why we’re here, to amend the rules to implement the amendment,” he said. Grimes labeled as “purely speculative” and “irrelevant” claims by opponents to the rule change that it would harm injured patients because they would be unable to find lawyers to take their cases at the lower fees.Justice Raoul Cantero asked Grimes why the claimants couldn’t waive their right to a lower fee, since they can waive more substantial rights, such as the right to a jury trial, the right to a lawyer, and the right against self-incrimination.Grimes replied that the amendment served a greater public purpose, including reducing the use of defensive medicine and thereby reducing medical costs.But that prompted Chief Justice Barbara Pariente to question if proponents weren’t trying to piggyback more issues on the constitutional amendment than were presented to voters.“If the intent was to limit malpractice recoveries or to keep doctors in Florida, then somehow in the ballot summary or in the amendment it should have been so stated,” Pariente said. “I don’t think the proponents of this amendment can have it both ways, that is to put it in the voters’ hands totally as something that was going to give the claimant more money and now turn around and say it has these other purposes. I think that is somewhat disingenuous.”But Raquel Rodriguez, general counsel for the Governor’s Office, said voters were taking a broader view. (Rodriguez told the court she was there representing herself and not the views of Gov. Jeb Bush.)She noted two other amendments were approved by voters, one removing the license from doctors found to have committed three instances of malpractice and the other giving patients access to reports on medical mistakes.“I think it is unlikely that the over three million voters who voted in favor of this amendment ever think they themselves are going to be a victim of medical malpractice, and I think it is just as likely they thought that lawyers make too much money from these cases or that there’s too much litigation motivated by high contingency fees from multimillion dollar recoveries,” Rodriguez said.Pariente asked Rodriguez about an issue raised by other justices, allowing a judge to review any waiver from the constitutional limit, as is allowed in Bar rules for other contingency fee cases.But Rodriguez argued the amendment did not contemplate any sort of a waiver. “I think the voters knew the waiver process was an option when they voted for this and I think if they had wanted a waiver, they would have voted this down,” she said.Several justices raised a point made by objectors read more

Edward Snowden Granted 3-Year Residency Permit in Russia

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Edward Snowden’s prolonged layover in Russia just got extended. The NSA whistleblower, who is wanted in America for leaking classified documents, has been granted a three-year residence permit to stay in Russia. The news was reportedly announced by Snowden’s Russian lawyer, who told reporters that Snowden’s permit took effect on Aug. 1—the same day his temporary asylum concluded. The Russian government has yet to grant Snowden political asylum. Snowden departed from Hong Kong, where he had a cloak-and-dagger meeting with journalists Glenn Greenwald, Laura Poitras and Ewen MacAskill, in June 2013. He flew from Hong Kong to Russia, where he had planned to hop on another plane to Cuba, but was unable to do so because the US had revoked his passport. That action by US officials prompted this response from Snowden:“In the end the Obama administration is not afraid of whistleblowers like me, Bradley Manning or Thomas Drake. We are stateless, imprisoned, or powerless. No, the Obama administration is afraid of you. It is afraid of an informed, angry public demanding the constitutional government it was promised—and it should be.“I am unbowed in my convictions and impressed at the efforts taken by so many.”According to the Guardian, Snowden will now be permitted to travel outside of Russia, but for only three months each time he leaves the country. It’s unclear if he has any plans to travel. In his first broadcast television interview since he disclosed massive surveillance at home and abroad, Snowden told NBC’s Brian Williams that he’d prefer to return home, but admitted that the current climate is unfavorable to him. Snowden has been charged under the Espionage Act, a World War I-era law. The Obama administration has charged more people under that law than all presidents combined. Russia’s decision to allow Snowden to hang around for three more years may further harm its relations with the United States—which has already taken a hit since its annexation of Crimea in Ukraine and its support for Russian separatists there. Snowden has been characterized by some top US officials, including Secretary of State John Kerry, as a traitor, claiming that his leaks have damaged national security. “More importantly, much more importantly, what he’s done is hurt his country,” Kerry said after Snowden’s appearance on NBC. “What he’s done is expose, for terrorists, a lot of mechanisms which now affect operational security of those terrorists and make it harder for the United States to break up plots, harder to protect our nation.”Some have even suggested that Snowden has worked with Russian spy agencies. Snowden’s lawyer Anatoly Kucherena denied that Snowden has any discussions with intelligence agencies in Russia, according to the Guardian. “I have a good relationship with him and he asks me about most things, but there have been no questions from him about [intelligence] contacts or giving evidence,” Kucherena said. “He works in a profession in which he is a great expert, in technology, and he works on issues related to this. We’ve mainly discussed questions of his stay here, as well as his questions about human rights. He likes what he’s doing and he’s not engaged in any other activities.”last_img

Wolf Administration Awards $1 Million in Grants to Help Veterans Overcome Substance Use Disorder

first_img March 02, 2020 Wolf Administration Awards $1 Million in Grants to Help Veterans Overcome Substance Use Disorder SHARE Email Facebook Twittercenter_img Press Release,  Public Health,  Substance Use Disorder,  Veterans Governor Tom Wolf today announced $1 million in federal Substance Abuse and Mental Health Services Administration (SAMHSA) grant funding to programs offering supportive services to veterans suffering from opioid use disorder and their families. The grants are part of the $55.9 million SAMSHA grant secured by the Wolf Administration to bolster the state’s response to the prescription opioid and heroin epidemic.“Pennsylvania is fortunate to have such a large and diverse veteran population,” said Gov. Tom Wolf. “However, many of our great patriots have fallen on hard times and need assistance overcoming addiction and the effects of substance use disorder (SUD). These grants will fuel increased efforts from these organizations to provide additional critical help across the commonwealth. These seven grant recipients, along with many other partner organizations, will ensure our veterans have a brighter future.”“We thank Secretary Smith and the entire team from the Department of Drug and Alcohol Programs (DDAP) for their advocacy and assistance securing these grants for so many veterans who are struggling with substance use disorder,” said Maj. Gen. Anthony Carrelli, Pennsylvania’s adjutant general and head of the Department of Military and Veterans Affairs. “This partnership effort with DDAP resulted in an extra $1 million of grant money this year on top of our normal Veterans Trust Fund grants. This will provide additional essential programs and services to our needy Pennsylvania veterans.”“Statistics show that veterans across the commonwealth are suffering from substance use disorder at an alarming rate,” said DDAP Secretary Jen Smith. “Because of this, we must ensure that treatment services and recovery supports are available specifically to serve this population. These grants will allow a wide variety of services to veterans and their families and give veterans the necessary tools to succeed even after treatment and into their recovery.”The seven grantees provide programs focused on treatment and recovery, homelessness, suicide prevention, and other services in support of veterans dealing with SUD.The following are the seven grant recipients:Jarett Yoder Foundation (Berks County – $50,000)This organization provides housing and other services to veterans in need. Many of the veterans who they assist are struggling with drug and alcohol issues. The grant money will be used to provide expenses for the housing, case management services, drug and alcohol testing, peer-to-peer support services, group therapy sessions, and transportation costs specific to veterans who they assist struggling with an opioid addiction.Just for Today Recovery and Veterans Support Services (Cumberland County – $333,500)This organization offers safe, structured, and compassionate housing, fellowship, and recovery resources to anyone in need. They also provide certified recovery specialist training, continuing education credits, and advocacy for the entire Central Pennsylvania recovery community. With the grant, they plan to expand their existing services as well as add new services to directly assist veterans struggling with drug and alcohol addiction, and homelessness.Robert M. Jackson Veterans Center (Dauphin County – $25,000)This organization assists homeless veterans and their families in need of services to develop a resilient, self-sufficient lifestyle. They provide community services and shelter in and around the greater Harrisburg area. With the grant funds they plan to address the opioid crisis by providing housing services as well as supportive services through a program that will assist veterans in meeting residential, social, educational, and vocational needs.Treatment Court Advocacy Center of Lackawanna County (Lackawanna County – $50,000)The Center provides assistance to individual participants in the various Lackawanna County Treatment/Problems Solving Courts as they seek to overcome obstacles in achieving sober, drug-free, productive lives. With the funding, this organization will provide case management, family assessments, and family service plans to veterans suffering from opioid use.Valhalla Veterans Services (Lackawanna County – $25,000)This organization provides a program that delivers the Applied Suicide Intervention Skills Training workshops to veterans at no cost. They also provide counseling services and resilience and cognitive behavioral techniques to veteran inmates in need. With the funding, they will train veterans and veteran helpers to become first responders for suicide.Veterans Multi-Service Center (Philadelphia County – $416,500)The Center offers services such as veteran employment, housing, a women veterans read more

Norwegian oil fund buys $5.9bn US industrial portfolio

first_imgNorway’s sovereign wealth fund has grown its industrial real estate portfolio, acquiring KTR Capital Partners for $5.9bn (€5.49bn).The deal is the latest move by Norges Bank Investment Management (NBIM) to expand its property holdings as it aims to invest 1% of the Government Pension Fund Global’s NOK6.94trn (€824bn) in assets into real estate each year and comes as part of an existing joint venture between Prologis and NBIM.Prologis US Logistics Venture, 45% owned by the sovereign wealth fund, is taking over 332 properties held in three KTR co-investment funds, Prologis said.The portfolio spans 60m sq ft of existing industrial space, 3.6m sq ft of space occupied by development projects and 6.8m sq ft of land. The $5.9bn transaction includes the assumption of approximately $700m of secured mortgage debt, according to Prologis, and the issuance of up to $230m of common limited partnership units in Prologis LP to KTR.Prologis and Norges Bank operate joint ventures in the US and Europe.Hamid Moghadam, chairman and chief executive Prologis, said the deal would take assets to more than “$11bn on two continents”.Norges Bank has a real estate allocation target of 5%.At the end of last year, its actual property exposure stood at 2.2%.For Prologis, a listed developer and manager, the KTR acquisition increases its presence in Southern California, New Jersey, Chicago, South Florida, Seattle and Dallas.Prologis said the investment “aligns with Prologis’ investment strategy, with approximately 95% overlap with its existing US portfolio”.The Norwegian government recently launched a consultation on whether the sovereign fund’s 5% real estate cap should be lifted.last_img