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Long Island Weather: Blizzard Forecast Update

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Nassau County is bracing for a powerful winter storm that may bring blizzard-like conditions to the region.Nassau County is bracing for the region’s first major winter storm to pound the area Friday and is organizing its fleet of plows and payload trucks in preparation, as the municipality still weathers infrastructure damages leftover from Superstorm Sandy.“We are at the ready to keep our roads clear,” Nassau County Executive Ed Mangano said at a press conference in Hicksville Thursday. “We are preparing for a significant storm.”The National Weather Service issued a blizzard watch for Suffolk County beginning Friday afternoon and lasting until Saturday afternoon. Nassau County remains under a winter storm watch.UPDATE: Blizzard warning issued for all of Long IslandMeteorologists are predicting that Suffolk will take the brunt of the storm with wind gusts topping 60 mph and heavy snow, with accumulation possible of eight to 12 inches. The weather service is calling for six to 10 inches of snow in Nassau.The weather service warned that the storm has the potential of bringing down tree limbs and causing scattered power outages, and can create whiteout conditions causing limited visibility on roadways.Nassau is set to deploy more than 175 personnel to clear roadways, 85 plows and 16 payload trucks, the county said.Mangano warned of a messy commute Friday morning as a mix of snow and rain hits the area overnight. The National Weather Service predicted snow accumulation of less than one inch Friday morning but noted there’s a possibility of heavy rain before 9 a.m. with wind gusts as high as 28 mph.Snow is expected to begin again 9 p.m. Friday and continuing through the night.The potential blizzard has also revived the discussion about Long Island Power Authority’s response to Superstorm Sandy and the tongue lashing the utility received from ratepayers and officials, including New York Gov. Andrew Cuomo.When Mangano was asked Thursday if he’s concerned about LIPA’s storm response he said, “Absolutely.”“The concern is obviously there,” he added, “certainly the assets have not been hardened since Hurricane Sandy,” noting the strong winds last week that knocked out power to more than 30,000 LIPA customers throughout the island.LIPA did not return calls for comment about storm preparation.The county executive also shed light on infrastructure vulnerabilities and economic woes that face municipalities affected by Sandy because many local governments are still waiting on federal funding before repairs can be green-lighted.“We went through a terrible, terrible hurricane,” Mangano said. “There’s obviously significant work that needs to be done to harden our infrastructure, and quite frankly the dollars that are necessary to do that have not begun to flow so you can really get to work on these items and we’re trying to peddle fast and advocate hard.”As for the storm, the National Weather Service said heavy snow would make for dangerous driving conditions, noting that visibility may be limited to half a mile.A message left for a Suffolk County spokeswoman was not returned.last_img read more

European Investment Bank could guarantee ELTIF-backed projects, suggests PensionsEurope

first_imgThe European Investment Bank should be encouraged to work with managers behind the European Commission’s long-term investment vehicle, offering capital guarantees and its own expertise in evaluating projects, PensionsEurope has said.A position paper published by the European pension association also said the European executive should consider relaxing guidelines around the use of derivatives in its proposed European Long-term Investment Fund (ELTIF), allowing investing pension funds to continue with “sound” risk-management strategies.The association further argued in favour of a broader list of eligible assets, speaking out in particular for the inclusion of listed small and medium-sized enterprises (SMEs), and said the vehicles should be also be able to exceed 30% leverage.The draft ELTIF regulation, published by the Commission last June in the wake of its long-term investing Green Paper, currently does not allow the vehicles to use commodities, engage in securities lending or borrowing, or use derivatives “unless these instruments are used for hedging purposes”. However, the association argued that the limitations on derivates should be reconsidered.“We wish that the use of derivatives would be allowed to hedge against risks associated with all ELTIFs investments and not only against interest rate or currency risks,” the paper said.“This would allow institutional investors such as IORPs to have a sound risk management strategy.”It also suggested that the current maximum leverage threshold of 30% should be reconsidered, “especially for funds mainly composed of equities”.“Indeed, we consider the investor to be aware of the risk attached to these types of funds,” it said, arguing that the threshold be raised to 50%.PensionsEurope also suggested that, to make the mutual funds more attractive to the core audience of small to medium-sized pension funds, the European Investment Bank should offer guarantees for some of the investments made through the ELTIF.“The EIB’s Project Bonds Initiative and other similar activities should be directly linked to the ELTIF,” it said, “with the EIB assuming riskier tranches and providing guarantees.“This would reduce the risks inherent to these kinds of investments, and investors would see the ELTIF as a secure investment vehicle.”It also recommended the EIB and other national bodies “actively cooperate” with asset managers and investors involved with the ELTIFs, as smaller pension funds could not be expected to possess the resources to assess infrastructure projects.However, despite suggesting several amendments, PensionsEurope said it was broadly in favour of the funds.“Pooled investment vehicles are important for smaller IORPS so they can invest in long-term projects without jeopardising the diversification of their asset allocation,” it said.“Furthermore, by pooling existing knowledge, institutional investors may profit from each other’s expertise in different areas so that all of them stand to gain from a pooled investment vehicle.”,WebsitesWe are not responsible for the content of external sitesLink to PensionsEurope’s position paper on ELTIFLink to European Commission’s current draft regulation on ELTIFlast_img read more

AFCON 2019: Partey, Wakaso, Acquah join Black Stars camp in Dubai

first_imgThree more players have joined the Black Stars training base in Dubai for the team’s pre-tournament camp ahead of the Africa Cup of Nations in Egypt.Atletico Madrid’s Thomas Partey, Torino’s Afriyie Acquah and Deportivo Alaves’ Mubarak Wakaso have all linked up with their teammates after missing Monday’s session.Kwasi Appiah now has 26 players overall who took part in Tuesday’s beach and gym fitness sessions as they step up work for the tournament in Egypt.Appiah’s men are expected to play two friendly games against Namibia and South Africa during their 3 week stay in the Middle East before flying out to Egypt for the Afcon.last_img read more

Marianne Williamson’s debate performance has Twitter . . . making Dusty Rhodes references?

first_imgTake, for example, this riff on the prime minister of New Zealand, Jacinda Ardern:I’ve watched this clip 45 times pic.twitter.com/nfsgPatilz— Travis (@travislylesnews) June 28, 2019Pretty good promo, right? It was just missing “American Dream.” Marianne Williamson is a long shot candidate to win the Democratic Party’s U.S. presidential nomination in 2020 — a long, long, long shot.The author and speaker from Texas tried to make her pitch to potential voters Thursday in Part 2 of the party’s initial debate of the election cycle. Her sound bites — or at least her delivery of them — were reminiscent of a Saturday night WCW show. Join DAZN and watch more than 100 fight nights a yearA segment of Twitter was feeling a similar vibe.Marianne Williamson’s promo on NZ sounds so much like Dusty Rhodes!— Erik Sutch (@eriksutch) June 28, 2019I think @marwilliamson just cut a wrestling promo on Donald Trump…#DemocraticDebate2020— Jami (@jhill319) June 28, 2019marianne williamson is cutting a wrestling promo in the whitest way i’ve ever heard— vitamin water (ง •̀_•́)ง (@NateIsARudo) June 28, 2019Everything that Marianne Williamson says sounds like a Dusty Rhodes promo, I hope she says hard times soon— Stef Purenins (SDCC SOON) (@tinyspells) June 28, 2019Marianne Williamson sounds like she is cutting a promo for a 1980s southern wrestling promotion everytime she speaks.— J A K E (@PocketLuhhy) June 28, 2019Marianne Williamson sounds like she’s trying to do a Dusty Rhodes impression #DemDebate2— Connor Bunnell (@cbunnell_) June 28, 2019Marianne Williamson is like if Dusty Rhodes and a Buddhist monk combined in to one person. pic.twitter.com/ITaflT09Ad— Reed Buterbaugh (@Reed_PDX) June 28, 2019Marianne Williamson sounds like a female Dusty Rhodes— Dr. Ogiue@You Have Control (@sdshamshel) June 28, 2019The next round of debates is scheduled for July 30 and 31 in Detroit. If Williamson makes the cut, get ready for some Motor City Mayhem.last_img read more