Puerto Rican unions join to reject Fiscal Control Board

first_imgVerónica Rodríguez SánchezAdministrator of Office SystemsSolidarity Program UTIER – PROSOL UTIERP.O. Box 9063San Juan, PR 00908(787) 724-6118/6119Fax. (787) 724-6149FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this This is a news release from 30 Puerto Rican unions, issued March 29.San Juan, Puerto Rico — The proposal for a Financial Control Board (FCB) is the reason more than 30 unions have called on the people to reject and mobilize against the FCB.“The Financial Control Board is the culmination of neoliberal measures that past government administrations have imposed to counter the people’s interests. Placing higher taxes on the people, cutting social rights, banning constitutional rights and favoring private investment over public management, plus the practice of borrowing, which is nothing less than delivering the country to powerful interests,” said union leader Luis Pedraza Leduc.Pedraza Leduc pointed out: “Now that the debt is unpayable, local governments are unable to reach a solution that favors the people, Congress assumes its role of representing the wealthy economic interests and clearly expresses to the country that we have no power and that our rights as human beings have low priority compared to the interests of capital.”Another union leader, Emilio Nieves Torres, indicated that “in light of this reality, the union movement agreed to maintain an open and ongoing dialogue aimed at reporting and denouncing the negative impact of the FCB to the people. In turn, the unions are promoting meetings and dialogues with community, student and religious sectors, elected officials and environmentalists to organize a huge demonstration for May 1, International Workers Day.”Nieves Torres added that “the protests and the union mobilization will not be limited to May 1. Beginning in April, they will organize other activities aiming to mobilize large sections of the people to reject the FCB and to support proposals that diverse sectors have supported in recent years. These proposals include refusing to pay the debt, demanding an audit of the debt, and implementing measures to guarantee services and human rights in education, health, work with dignity, housing and social protection, among others.”Press Contacts:Luis Pedraza Leduc – (787) 368-6210 José Torres – (787) 944-4724Coordinadora Sindical spokesman and President HEENDPedro Irene Maymí – (787) 619-8835 Andrés Lloret – (787) 692-1688UIA President and CPT President FCTEmilio Nieves Torres – (787) 319-3563 Israel Marrero – (939) 645-3959CPT President and Vice President JOIN SPT / SEIU###Asociación Puertorriqueña Profesores Universitarios (APPU)Central Puertorriqueña de Trabajadores (CPT)Coordinadora Sindical (CS)Coordinadora Unitaria de Trabajadores del Estado (CUTE)EDUCAMOSFederación Central de Trabajadores (FCT)Federación de Maestros de Puerto Rico (FMPR)Federación Puertorriqueña de Trabajadores (FPT)Hermandad de Empleados Exentos No Docentes (HEEND)Hermandad Independiente Empleados Profesionales de la Autoridad de Acueductos y Alcantarillados (HIEPAAA)Movimiento Solidario Sindical (MSS)Programa de Solidaridad UTIER (PROSOL UTIER)Solidaridad Coca Cola (SCC)Sindicato Puertorriqueño de Trabajadores (SPT)Toabajeños en Defensa del Ambiente (TDA)Trabajadores Unidos de la AMA (TUAMA)Unión Abogadas y Abogados de Servicios Legales (UAASL)Unión de Empleados de Muelles (UDEM)Unión de Médicos de la Corporación del Fondo del Seguro del Estado (UMCFSE)Unión de Trabajadores de la Industria Eléctrica y Riego (UTIER)Unión de Trabajadores del Banco de la Vivienda (UTBV)Unión Empleados del Banco Gubernamental de Fomento (UEBGF)Unión General de Trabajadores (UGT)Unión Independiente Auténtica de Acueductos (UIA)Unión Independiente de Trabajadores de la Autoridad de Edificios Públicos (UITAED)Unión Independiente de Trabajadores de Servicios Legales (UITSL)Unión Nacional de Educadores y Trabajadores de la Educación (ÚNETE)last_img read more

UBS, Swisscanto disagree on importance of full cost transparency

first_imgSwisscanto also stressed that, within the cost debate, the individual net yield of each product must not be forgotten.Only when a Pensionskasse knows the total costs of an investment can it judge whether the achieved net return is reasonable compared with the costs, it said.UBS Global Asset Management “welcomed” the trend towards more transparency and said it had introduced a synthetic TER for certain alternative investments such as funds of hedge funds.However, it also argued that institutional clients using hedge funds understood that, “for conceptual reasons”, some investments are less transparent than, for example, listed equities – “and they know this will not change”.UBS added that higher regulatory demands, as well as the increasing complexity of investments, were leading to higher costs “that have to be covered”. Swiss pension funds have “no reason” to invest in funds that are not fully transparent on costs, Swisscanto has said in a debate on the cost of asset management.The asset manager said it was convinced a Pensionskasse should implement its investment strategy “completely with cost-transparent investment vehicles”.It pointed out that, even with hedge funds, it was possible to demand an audited annual financial statement and thereby calculate a total expense ratio (TER).As part of the structural reform that has been implemented over the last few years, every Pensionskasse must calculate a TER and list vehicles for which no TER is calculated separately in its annual report.last_img read more

Ramsey: We must restore lost pride

first_img Press Association The Hoops host Newcastle at Loftus Road with last Sunday’s 6-0 drubbing by Manchester City – the result that confirmed their drop into the Sky Bet Championship – still fresh in the mind. Ramsey has revealed he will not take the opportunity to give young players experience on Saturday, instead looking to restore credibility to his team. The Magpies know victory could be enough to prevent them from following the Londoners through the trapdoor, but equally aware that anything less might leave them in desperate trouble with only West Ham’s visit to St James’ Park next weekend to come. Carver’s men at least stopped the rot last Saturday, when a 1-1 draw with West Brom on Tyneside ended a run of eight successive defeats – a sequence of results which has proved hugely testing for all concerned. Asked what he had learned in recent weeks, the 50-year-old said: “The last four or five months, I’ve learned an awful lot, and that’s what it’s all about. The fact I’ve been given the time to learn from different situations, I think it’s very important . “The one thing is, I’m looking forward to this weekend because there’s a huge challenge in front of us, there’s a bit of pressure on us and we have to be able to embrace that pressure and deal with the challenge ahead of us. “When we come out the other end of it – and hopefully we’ll be at the right end of it – then I will definitely, without a shadow of a doubt, be a stronger and better person for it.” Such is the delicacy of the situation at St James’ that the club have cancelled next week’s end-of-season awards dinner, feeling it was inappropriate to hold a celebration with Premier League status still unsecured. However, on the pitch, there has been a lift in the collective mood on the back of a better result and, perhaps more importantly, a much improved performance against the Baggies. Carver said: “The spirit has been good – it’s been upbeat. But we are not taking our eye off the ball because we haven’t done a job yet. There’s a huge job in front of us, starting with Saturday and then the following Sunday, so we need to stay focused.” Full-back Daryl Janmaat returns to the squad after serving a one-match ban, while striker Papiss Cisse and midfielder Rolando Aarons are also available after stepping up their respective bids for full match fitness during the past week. QPR manager Chris Ramsey insists pride will be at stake when his relegated team enter their penultimate Barclays Premiers League fixture of the season. “Whatever happens, we have to first of all try to redress the performance of last week and make sure our home fans see that was just a blip,” he said. “Secondly, we have to ensure the integrity of Premier League, taking into consideration the teams fighting at the bottom of the league and do our bit to make sure everyone has a fair crack at staying up. “We have to take pride in ourselves in front of our home fans, so there is an obligation to play with maximum energy. I’m preparing myself for a win. “We’ll be doing our best to win the game and will pick our strongest available team.” QPR face Leicester eight days after meeting Newcastle, ensuring they will have a meaningful say in who joins themselves and Burnley in the second tier next term. “Other teams who might go down have all been pulling off surprise results here and there. I think it’s going to be another tight one. I wish we were still in the battle,” Ramsey said. “The fact we are playing two teams who are struggling means we will have a lot to say in what happens. Everyone knows we’ll be doing our best to keep everything fair.” Newcastle head coach John Carver has challenged his players to embrace the pressure of having to dig themselves out of a hole. last_img read more

Police respond to reports of shots fired near Decorative Panels International

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisALPENA, MICH — Reports of shots fired were called into Alpena City police this afternoon.Law enforcement arrived on the scene at Fort St. near Decorative Panels International. Shortly after 9 p.m. officers contacted a person of interest near the scene of the shooting and interviewed him. Alpena County 911 posted an emergency alert to Facebook this afternoon, warning residents to stay clear of the area. Police gave us an update on the investigation.“Officers responded moments later and contacted several workers who had been up on the roof doing some maintenance work. Nobody was injured during this incident and there’s not an active shooter at this time. We’ve heard that rumor kind of going around, there’s not an active shooter at this time, so we want to clarify that.”Police chief, Joel Jett says shots were not fired in the D.P.I. building. They are thought to have come from the surrounding area.While the investigation continues, police say it’s safe for residents to return home.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThis Tags: alpena, Crime, Decorative Panels International, DPI, shooter, shootingContinue ReadingPrevious Pied Piper hosts flower sale to benefit studentsNext Underwater remotely operated vehicle robotics tournament held at Thunder Bay National Marine Sanctuarylast_img read more