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The surprises continue as we anxiously await more election results. Americans across the country stayed up all night waiting for returns from Georgia and Pennsylvania and any chance of a miracle and lo and behold, they followed through. Not one but both states flipped blue in favor of Joe Biden in the early hours of Friday. Georgia’s significant Black voter turnout not only helped flip the state but highlighted the impact movements against racial injustice have had on democracy. Pennsylvania’s moment came after more than 30,000 votes from the Philadelphia area were counted, Daily Kos reported.As a result, Philadelphia residents took to the streets to express their happiness and pride in flipping the state. Across the City of Brotherly Love on Friday morning, people danced and cheered with hope for the future of America. But there’s no need to feel any FOMO (fear of missing out) if you’re not in Philly and can’t partake in the celebrations, because Philly Twitter is having a party of its own.- Advertisement – – Advertisement – read more
Danske Bank’s managing director Thomas Borgen described the fund as a completely new loan product that combined the bank’s, as well as the pension industry’s, skills and capital strength, and one that was also commercially interesting for the parties behind it.“Denmark is dependent on positive development among small and medium-sized companies,” he said, adding that the pension funds and the bank wanted to contribute to increasing growth and resilience in Danish business.The new fund will target businesses with more than DKK50m in annual turnover in need of loans of DKK10m-plus, the parties said.It will be run by Capital Four, with the capital administration company also providing independent credit evaluation.The fund was expected to be in place and ready for launch at the end of the summer, the parties said.Other pension funds will be invited to take part in the fund.Danish pension funds have pledged to the country’s government to promote lending to SMEs, with this promise made part of the deal in 2012 under which the alternative yield curve used to calculate pension fund liabilities would be extended.The alternative yield curve eased problems the funds were having first with yield differential between Danish and German government bonds, and then with very low interest rates.In December, Danica Pension announced it was investing DKK1bn in the GRO Fund, which would offer subordinated capital and equity for expansion to SMEs.PFA, the country’s largest commercial pension provider, increased its investment in SMEs in Denmark in April last year by raising its stake in private equity firm Kirk & Thoresen Invest. Three of Denmark’s biggest pension funds are linking up with the country’s largest bank to put DKK1bn (€134m) into a new fund to invest in domestic small and medium-sized enterprises (SMEs) by offering much-needed subordinate loan capital.ATP, PensionDanmark and Danica Pension, together with Danske Bank – Danica’s parent – are setting up the new fund, with the three pension funds furnishing it with initial capital of at least DKK1bn.Danish SMEs will be able to apply for the funds in the form of subordinate loan capital, the parties announced.ATP’s chief executive Carsten Stendevad said: “The fund is the expression of a new and exciting form of cooperation in the Danish financial sector.” read more
The No. 10 Wisconsin wrestling team will be on the road onceagain this weekend as it heads to Cedar Falls, Iowa, to compete against No. 23Northern Iowa Saturday.The dual will be the first of the season for the Panthers,while the Badgers come in with a 4-0 record. Still, keeping NIU’s ranking inmind, head coach Barry Davis knows not to take this weekend’s match lightly.”UNI’s got a good coach in Brad Penrith,” Davis said. “Hisguys will be ready. This will be a big match for them, down at UNI. We’ve justgot to be ready.”Wisconsin enters the dual with seven wrestlers ranked in thetop 20 nationally of their respective weight classes. Among the notables areNo. 3 Craig Henning at 157 pounds, No. 4 Dallas Herbst at 197 pounds and No. 11Kyle Massey, who wrestles in the heavyweight division.NorthernIowa has three ranked grapplers of its own, asC.J. Ettelson is ranked No. 10 at 141 pounds,Moza Fay is No. 5 at 165 pounds andAlex Dolly is No. 16 at 174 pounds.”The thing withNorthern Iowa is they always wrestle us tough,” Massey said. “We’re one oftheir featured matches every year. So they’re always coming out, raring to goand ready to bring their best game against us.”Wisconsin is comingoff an impressive showing last weekend at the Cliff Keen Invite in Las Vegas.The Badgers finished fifth out of 50 teams competing, scoring 107.5 teampoints. Three of the top five teams at the invite came from the Big Ten, withMichigan taking the title and Ohio State placing third. Herbst improved hisseason record to 13-0 while taking the individual title at 197 pounds. Henningand Massey also finished well, taking third in their respective weight classes.”I think I wrestledwell,” Herbst said of his first-place performance. “Friday, I wasn’t feelinggood. I wrestled well, but I was still feeling tight, not really lose like Icould have been. But going into Saturday I just felt really good. On the mat, Ifelt prepared and ready to be there.”This year will be the 36th meeting of the two teams.Wisconsin leads the overall series 19-16-1. Last year, the Panthers came intothe Field House expecting to win, only to leave empty handed with a 24-10 lossas the Badgers took seven of the 10 matches.Once the Badgers return home late Saturday night, they havea short turnaround as they head to Ohio State Monday for their Big Ten opener.Despite the fact the core of the Big Ten season is still a month and a halfaway, Massey knows that this team builds off the little successes that occuralong the way.”We had some prettysuccessful guys this weekend, but we always have kind of wrestled a little bitbetter when we’re heading into a dual meet,” Massey said.”It’s going to benice to kind of change pace back into our dual meet team and get back into theflow of building off of each other matches because that’s when we’re at ourbest.” read more
The National Commercial Bank contributed $3 million for a six month period towards the national Under-20 football programme. The announcement was made at the Jamaica Football Federation (JFF) offices in New Kingston, yesterday.The sponsorship is to assist the team in preparation for the Caribbean Football Union (CFU) Men’s Under-20 qualifiers to be held in the Dominican Republic, June 15-19.Patrick Hylton, NCB Group managing director, said that his organisation’s decision to assist the Under-20 programme is because of four areas that they focus on.”We have four areas – education, youth development, community development and sports – that we contribute towards. There is a process for development, so we think it is important to support the youngsters,” said Hylton.JFF’s general secretary, Raymond Grant, while appreciative of NCB’s contribution said that the budget to prepare the team for the CFU Under-20 tournament stands at $10 million.”Well, preparation of the team is running up to $10 million. However, the JFF has its role to play. We are closing the gap, and the team will also benefit from the recent Digicel sponsorship,” Grant disclosed.Coach of the team, Ricardo ‘Bibi’ Gardner, said the sponsorship will definitely motivate the group towards it’s goal of qualifying for the Under-20 FIFA World Cup next year.”I remember the day we went in to see Mr Hylton, he didn’t hesitate,” Gardner disclosed. “With the support, we will get there in 2017. It will take hard work and dedication, and we think the youngsters are gifted and moving to a professional level. They have the talent to achieve and NCB believes in the youngsters.” read more