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State establishes 2006 Hospital Budgets

first_imgv\:* {behavior:url(#default#VML);}o\:* {behavior:url(#default#VML);}w\:* {behavior:url(#default#VML);}.shape {behavior:url(#default#VML);} State of Vermont Timothy McQuiston 2 2 2005-09-16T14:05:00Z 2005-09-16T17:13:00Z 2005-09-16T17:13:00Z 1 1532 8738 Banking & Insurance & Securit 72 20 10250 10.2625 Clean Clean 0 pt 0 pt 0 0 0 pt 0 pt MicrosoftInternetExplorer4st1\:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:”Times New Roman”;}PressReleaseState of Vermont…Department of Banking, Insurance, Securities &Health Care Administration (BISHCA)89Main St. Drawer 20 Montpelier, VT 05620-3101 Main Number:802-828-3301                                          Commissioner:  John P. CrowleyDivisions: Banking,Insurance, Captive Insurance, Securities, and Health Care Administration(BISHCA) _____________________________________________________________________________________________________________________ The Commissioner reviewed and considered all of these factors and: 1) Accepted and established the following FY 2006 hospital budgets as theywere submitted in July: [Rate increase requests indicated inbrackets.] Brattleboro Memorial Hospital  [8.7%] Central Vermont Hospital [6.4%] Copley Hospital[0.0%] Fletcher Allen Health Care [8.0%] Gifford Memorial Hospital [3.6%] Grace Cottage Hospital [11.0%] Mt. Ascutney Hospital & Health Center[5.3%] North Country Hospital & Health Center[4.8%]  Northeastern Vermont Regional Hospital[8.5%]Northwestern Medical Center [4.5%]Porter Hospital[5.0%] Springfield Hospital[8.0%] 2) Established the Rutland Regional Medical Centerbudget with a reduction in their rate request from a 9.0% to a8.0% rate increase along with a commensurate reduction in expenditures. This establishes an operating margin of 3.2% for the hospital.3) Established the Southwestern Vermont Medical Centerbudget with a reduction in their rate request from a 9.8% to a8.8% rate increase. This establishes an operating margin of 4.1% for thehospital.4) The Commissioner is also requiring that Rutland Regional Medical Center, Southwestern Vermont Medical Center,Central Vermont Medical Center,Northwestern Medical Center, and Brattleboro Memorial Hospitaleach:Conduct a comprehensive debt capacity and financial feasibility study andsubmit the findings to the Department. The studies shall include an analysis ofthe debt associated with current and projected (over the next 5 years) capitalprojects and new programs, and include an analysis of projected operating revenues,expenses, and related capital as well as utilization and related cashflows.  The studies shall describe the anticipated impact of the financialprojections on each hospitalcenter_img Contact: Michael Davis, Division ofHealth Care Administration; 802-828-2989  Date:  Sept. 16, 2005CommissionerEstablishes 2006 Hospital BudgetsMontpelier –The Departmentof Banking, Insurance, Securities, and Health Care Administration (BISHCA)administers the annual binding budget program for all Vermonthospitals in an effort to contain hospital costs. The annual budget processincludes an analysis by the Departments staff and testimony by the hospitalsat public hearings held before Commissioner John Crowley and the PublicOversight Commission. The hearing process took place over a three-day period,on August 23, 24 and 25, 2005. The Vermonthospital fiscal year for 2006 runs from October 1, 2005 through September 30, 2006. When he established the FY 2006 budget levels for the hospitals, theCommissioner reviewed the testimony received from the fourteen Vermonthospitals during the August public hearings, the staffs analyses, the UnifiedHealth Care Budget forecast, and the comments of the Public Oversight Commission.  In addition, the Commissioner also consideredthe Health Resource Allocation Plan (HRAP) adopted by the Governor on August 2, 2005.  In particular, the Commissioner noted theseven key factors identified in the HRAP:  Demographics: the emergence of the baby boomers into middle ageChronic Illness: the leading cause of illness, disability, and death, and the chief area for health care expendituresPrevention: a key area for addressing health care resourcesWorkforce: shortages in certain health care servicesHealth Care Information Redesign: information technology needed to improve processes and outcomesPopulation-based Analysis: projecting use and need, and allocating resources accordinglyIntegration of Care: improved efficiency and effectiveness by integrating primary, specialty, physical and mental health care. In addition to permitting rate increases for the hospitals,the Commissioners FY 2006 budget decisions require all of the hospitals towork with the State over the next six to nine months to address significantexpense and revenue pressures on Vermontshospital health care system. Despite the lowest overall hospital spendingincrease since 1997, the Commissioner determined that although the currentoverall financial health of the hospitals appears stable, the future financialpicture raises the following concerns:Difficulty in recruiting certain health care professionals is a significant and ongoing problem representing a significant financial risk to community hospitals.Cost control is a challenge for Vermonts hospitals that are focused on retaining or adding some services while at the same time looking for ways to limit increasing expenditures. Key funding sources such as Medicare, Medicaid and the Critical Access Hospital reimbursement program may become stressed in the next few years and the ability to cost-shift to insurers may diminish.Cost shifting is not a sustainable method of financial stability. To the extent possible in Vermonts non-profit hospital market, cost control is absolutely critical.Professional liability insurance costs are rising significantly at some hospitals. Responses to this vary and a coordinated approach would be useful.    Many hospitals are planning significant capital spending that stresses the financial health of the institutions. In response to these pressures, the Commissioners budgetorders will call for Vermonts 14non-profit hospitals to engage in activities to  increase efficiency and decrease costs.  In order to provide reports and studies thatwill be used in next years budget decision-making process,the hospitals will be required to do the following:   Evaluate all cost drivers, and determine which may not be necessary to the most critical missions of the hospitals.Develop plans to (a) meet physician recruitment needs, and (b) to implement contingency plans to respond to a smaller supply of physicians and other key health care professionals.Explore methods to control professional liability insurance costs, including the potential adoption of captive insurance plans including those covering multiple institutions.Identify and adopt best practices throughout hospital operations and management to increase efficiency and quality.Develop long range financial plans including the use of alternate health care delivery models to provide needed services and maintain and update physical plants.Plan for changes in health care delivery systems such as changing technology, improved information systems, the shifting of care from the acute care setting to the non-acute care setting, and improved chronic disease management.Develop strategies to implement information technology investments. The Department based the final budget levels on a variety of factors,including the budget assumptions pertaining to utilization, new programs,operating surplus, inflation, prior period budget performance, and theindividual circumstances of each hospital.  Fundamental to theCommissioners decisions is the recognition that Vermonters continue to firmly believethe Vermont community hospitalsystem is integral to Vermontslocal communities and the economy of those communities.   The average 7.5% requested rate increase was comprised of individualhospital rate increase requests that ranged from 0.0% to 11%. These raterequests were determined by the individual hospitals as needed to meetincreasing costs and to provide operating margins.   A review of hospital testimony and staff analysis has found that the costincreases were largely driven by utilization growth, inflationary growthrelated to wages, fringe benefits, pharmaceuticals, new programs, and expandingtechnology.  In addition, the hospitals’ testimony before the Commissionerindicated that the hospitals are budgeting to achieve adequate operatingmargins in order to: maintain and improve a financially healthy hospital systemand make capital expenditures to address technology and infrastructure plans.last_img read more

Vermont state archives awarded $118,000 grant to preserve court records

first_imgSecretary of State Jim Condos announced today that the Vermont State Archives and Records Administration (VSARA) ‘ a division of the Secretary of State’s Office ‘ has been awarded a grant of $118,078 from the National Historical Publications and Records Commission (NHPRC) to preserve and make more accessible archival court records.  The Vermont project is one of nineteen archival projects from around the country that the NHPRC awarded funding for this year. Essential for documenting the history of the state as well as the rights of its citizens, Vermont’s court records have long been difficult for the public to access and are threatened by physical deterioration.  The 22-month project beginning in October will provide for the long-term preservation of and access to 446 cubic feet of recording books, dockets, and case files from the Caledonia, Lamoille, and Orleans County Courts.  VSARA intends to build upon the experience of this project to launch a wider effort that eventually will address the archival needs of all of Vermont’s court records.       Dating from 1794 to 1945, the records chronicle not only the Vermont judicial system but also the larger American experience, and will expand perspectives on numerous issues, including crime and punishment, economics, and all facets of social history. Because they often provide details about the lives of individuals in a way that few other records do, court records also are particularly useful to genealogists and family historians. When court records concern land disputes and similar issues they may also document rights that persist today. The creation of VSARA in 2008 and the completion of the new archives facility in 2010 have allowed the agency to begin to pursue projects of this scope.  Recent collaborative efforts between VSARA and the Judiciary to improve records management in the courts also contributed to the success of the grant proposal. The NHPRC, a statutory body affiliated with the National Archives and Records Administration (NARA), supports a wide range of activities to preserve, publish, and encourage the use of documentary sources, created in every medium ranging from quill pen to computer, relating to the history of the United States.   Secretary of State Jim Condos has over 20 years of elected public service, including 18 years at the local level and 8 years as a Vermont State Senator, in addition to more than 30 years of private sector business experience.last_img read more

‘The Hunger Games: Mockingjay Part 2’: Finale Gets 3-Fingered Salute

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York This weekend, as Hunger Games: Mockingjay Part 2 opened in theaters across the country, militant fans of the series—appropriately called Tributes—were dispatched to the war-torn front lines of the Capitol. To the distant crack of gunfire and explosions, they proceeded down lifeless streets of rubble and smoke, littered with a minefield of barbarous traps, as they headed down the homestretch of the adapted dystopian series’ finale.Some moviegoers simply appreciated the bow-wielding Katniss Everdeen (Jennifer Lawrence) as one of the better heroines since Harry Potter‘s Hermione Granger. Others, no doubt heart-eyed, drooled over the hunky bods of brainwashed Peeta Mellark (Josh Hutcherson) and pretty boy Gale Hawthorne (Liam Hemsworth), whose romantic roles were both barely a cut above Twilight’s pathetic Edward and Jacob. Of course, watching the bloody and tense rebellion escalate against the ruthless dictator President Snow (Donald Sutherland) may have been action enough.Despite never quite reaching the emotional peak achieved in Suzanne Collins’ novel—most notably during a few major death scenes—Mockingjay Part 2, the final installment of the beloved Hunger Game series, faithfully packed all this in an explosive finale, a welcome improvement from the lackluster, Mockingjay Part 1 (2014), which just delayed the inevitable.Capitalizing on the curse first cast by the Harry Potter franchise, Hunger Games divided yet another young adult series’ final book into two movies. The glaring difference was that Harry Potter and the Deathly Hallows transfigured a grand total of 759 pages of plot compared to Mockingjay’s 390-page storyline. In other words, the producers ensured that the box office odds were in their favor.But The Hunger Games was more than a cash cow milking young adults. Political, social, cultural, even environmental messages run through the books’ pages and the films’ reels. If the striking images of children facing off in fights to the death weren’t gut-wrenching enough, tense subjects like tyrannical governments or the wealth gap between the impoverished and the rich caught fire off-screen.In June 2014, protestors in Bangkok were apprehended for flashing the Hunger Games’ three-fingered salute in opposition to Thailand’s authoritarian government.During the Fergusson, Missouri riots, Katniss’ declaration, “If we burn, you burn with us,” was spray-painted on the Gateway Arch in St. Louis following the grand jury’s exoneration of white police officer Darren Wilson, who’d shot Michael Brown, an African American teenager.There is also a campaign, “Odds In Our Favor,” fighting economic inequality in America (#MyHungerGames).The movie stayed true to the books, right down to the last line, but Katniss’ final journey never hit home–the way she unfailingly did with her bow and arrow.But maybe Mockingjay Part 2’s meh farewell was more of a “thank you” from the fans for all the series’ inspiration. If fingers represented stars, Mockingjay Part 2 gets a three-fingered salute with an eerie four-note whistle, gestures that symbolized gratitude, admiration, or farewell to a loved one in the once dystopian nation of Panem.last_img read more

Fintech, Big Tech rivals drive growing dedication to innovation

first_imgOver the last decade, banks and credit unions have needed to respond to the impact of the financial crisis, the digitalization of the industry and mobilization of the consumer, an influx of traditional and non-traditional competitors, new regulations, and continued pressures on margins. Despite these challenges — or maybe because of them — we have seen an increase in the commitment to innovation from institutions small and large. Innovation has also driven the fintech sector, with new entrants offering competitive alternatives focused on digital delivery and improved customer experience.This increased commitment to innovation in response to consumer expectations and increased fear of non-traditional players are two of the primary findings of the 10th annual Innovation in Retail Banking report, sponsored by Efma and Infosys Finacle and published by the Digital Banking Report. The report includes a review of the previous nine years of the publication, providing a snapshot of the marketplace and innovation trends through the years. During this period, there was increasing investment in innovation, a shift from efficiency to experientially focused breakthroughs, evidence of continued strength of Eastern European and developing financial marketplace banks as innovators, and the integration of new technologies. 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

The CUInsight Experience podcast: Diana Dykstra – Challenging the status quo (#16)

first_img 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Randall Smith Randall Smith is the co-founder of CUInsight.com, the host of The CUInsight Experience podcast, and a bit of a wanderlust.As one of the co-founders of CUInsight.com he … Web: www.CUInsight.com Details Welcome to episode 16 of The CUInsight Experience podcast. Hosted by Randy Smith, co-founder and publisher of CUInsight.com. The President and CEO of the California and Nevada Credit Union Leagues, Diana Dykstra, is today’s guest! Diana is also on the WOCCU board, the current President of the Western CUNA Management School, and much more. Listen in to our conversation, which will explore everything from why it’s so important for her to be involved on the national and global level, what she’s learned from her experiences, and various aspects of innovation.Diana learns a lot from the international credit union system, she points out. Seeing credit unions in other countries helps you remember and appreciate how important the credit union movement is worldwide. She also enjoys learning from these international sources, as well as sharing her own insight and knowledge with them.As you may have gathered by now, Diana is an incredibly busy and productive woman. We’ll chat about her time management system and how she manages to get so much done! She doesn’t really use to-do lists, but always knows what she needs to do the next day, she points out. Thanks to always having been busy, she naturally knows how to manage it and juggle everything she has to do.Tune into the episode to hear all about these topics, as well as the greatest strengths of Diana’s team, what they’ve heard her say so many times that they could finish her sentence, what inspired her to start working in credit unions (and whether that inspiration has changed), and much more. Enjoy!Subscribe on: Apple Podcasts, Spotify, Google Podcasts, StitcherHow to find Diana:Diana DykstraPresident and CEO, California and Nevada Credit Union Leaguesdianad@ccul.orgwww.ccul.orgTwitter | LinkedinShow notes from this episode:Diana has accomplished so much. Here’s the best quick bio I found scouring the inter webs.Diana was honored this year at the Wegner Awards Dinner for Outstanding Individual Achievement. Read all about it here.NCUF video honoring Diana from the Herb Wegner Awards Dinner at the 2019 CUNA GAC: Diana Dykstra Wegner Award Winner videoSee all the work Diana supports globally through WOCCU.Shout-out: Lois Kitsch for the opportunity I get to have in June and go to Kenya to work with credit unions.It took us all of three minutes for DE to come up in the conversation. If you haven’t yet, sign up, join the club, become a CUDE.Conference mentioned: 2019 World Credit Union Conference (2020 will be in Los Angles. Closer to home)A fantastic way to get involved globally (for the guys too): Global Women’s Leadership NetworkShout-out: Diana’s team at the California and Nevada Credit Union Leagues.Best album of all-time: Eat a Peach by the Allman Brothers BandOr just grab some Fireball and listen to Free Bird by Lynyrd SkynyrdRandom word I couldn’t remember: Tsundoku (the Japense word for buying books that you intend to read someday)Previous guest mentioned on this episode: Doug LeightonYou can find all past episodes of The CUInsight Experience here.In this episode:[00:03] – Randy welcomes listeners back to the show, and introduces Diana Dykstra.[02:48] – Did Diana enjoy preparing for the Wegner Award, or was she troubled because she still feels like she has so much to do?[03:58] – Diana talks about why it’s so important to her to learn from credit union systems internationally.[05:54] – Does Diana have a favorite experience from her work outside of the United States?[07:02] – Diana shares the advice that she would give someone who has an interest in the global good and would like to be a part of that system.[08:22] – We hear about what has continued to motivate Diana over her years of work in credit unions. She also talks about her time management system, and whether she’s good at switching off from work.[11:10] – What’s Diana’s reaction to the phrase “that’s the way we’ve always done it”?[12:12] – Is there a belief in credit unions that Diana thinks will have to fundamentally change in the relatively near future?[13:32] – Diana talks about the war for talent in California’s credit unions.[15:49] – We hear Diana’s thoughts on the fear of change, and how she helps minimize this for the people who she leads.[18:39] – Diana chats about whether she has a network of people to lean on for honest feedback, even when it might not be positive.[19:30] – What inspired Diana originally to take the gig as the President and CEO of the California and Nevada Credit Union League? And has the inspiration changed since the time that she took the job?[21:23] – We hear how Diana would describe her leadership style, as well as how she finds people who work well with her, and whether her leadership style has changed over the years.[24:18] –  With all of her experience, is there something Diana would share with a new CEO when dealing with a board for the first time?[26:13] – Diana talks about the greatest strength of her team at the league, and whether there’s something that her team has heard her say so often that they could finish her sentence.[27:30] – Is there a notable mistake that Diana made when she looks back at her early years in her career?[28:53] – Diana shares a piece of advice that she keeps going back to.[31:54] – As a leader, how does Diana make sure that her message is staying fresh and clear?[33:03] – Diana chats about her passions outside of credit unions.[34:11] – We move into the rapid-fire question section of the show. When was the first time that Diana got into memorable trouble?[35:01] – Does Diana have any daily routines that she needs to do or else she just feels off?[35:41] – What’s the best album of all time?[36:40] – Is there a particular book that Diana tends to gift or recommend, or that she thinks everyone should read?[37:42] – What has become more important to Diana as she has gotten older, and has anything become less important? What advice would she give to her 25-year-old self?[38:48] – When Diana hears the word “success,” who is the first person who comes to mind[39:32] – Does Diana have any asks or final thoughts for listeners? How can listeners get in touch with her?last_img read more

How Generation Z will shape the future of payments

first_imgGen Z (those born between 1995 and 2015) is growing up, graduating from high school and college, and becoming increasingly influential in the payments space. They are bringing their comfortability with technology and change with them. From growing up using computers and the internet, they are uniquely aware of both the challenges and benefits of adopting new technology. Gen Z is currently exploring and pushing the boundaries of modern payment methods, and what they find and like will shape the payments landscape of tomorrow. Credit unions will have to stay on top of – and ahead of – these trends if they are going to compete for the attention of Gen Z, which is actively being targeted by new digital banks and other financial institutions.Embracing Change (We Need Options!) The world today is changing and growing at a faster rate than ever before, and payments are no exception. Gen Z may be the most diverse generation in the way that they make payments. From talking to friends, I discovered that we have a variety of different preferences. A majority still prefer the simplicity and budgeting of debit cards; they don’t want to worry about spending more than they have. They also know the most about debit cards, how to use them and the security risks associated with them. Some prefer the rewards and credit-building capability of credit cards, and they pride themselves on staying on top of their finances, so it is not difficult for them to manage monthly payments. Others are exploring the capabilities that digital wallets have to offer, learning that they no longer have to carry a physical wallet or cards that could be lost or damaged. It is also very likely that the way we will make payments in just a decade or two is impossible to even conceptualize right now. Who could have imagined a store like Amazon Go just 10 years ago? It is important that we are not married to one form of payment, and that we stay open to adopting new methods that prove to be more convenient and secure. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

The stats that show how reliant Arsenal have become on Pierre-Emerick Aubameyang

first_img Comment Pierre-Emerick Aubameyang scored his eighth goal of the season against Manchester United at Old Trafford (Picture: Getty)When Arsenal went a goal down to Manchester United at Old Trafford, there was only ever one man capable of bailing them out.With Alexandre Lacazette out injured and Nicolas Pepe struggling to find his feet in the Premier League, the onus to score has been very much on Pierre-Emerick Aubameyang’s shoulders in recent weeks and Arsenal’s No.14 has responded in emphatic fashion.Just before the hour mark on Monday night, Aubameyang notched Arsenal’s equaliser with his only attempt in the 90 minutes, reacting smartly to a through ball from the impressive Bukayo Saka before impudently lifting a chip over David De Gea with his weaker left foot.AdvertisementAdvertisementIt was Aubameyang’s eighth goal in as many matches for Arsenal this season and there is a case to be made that he is the most important player to any Premier League side at present such is his form compared to that of the majority of his teammates.ADVERTISEMENTWith Danny Welbeck having been released during the summer, Eddie Nketiah on loan at Leeds and Alexandre Lacazette not due back until after the international break following an ankle injury, the burden on Aubameyang has never been greater.The Gabon international was even pressed into action during the Europa League opener against Eintracht Frankfurt but, as the stats below illustrate, he is in desperate need of a rest…Goal contribution rateSergio Aguero is the only player to have scored more Premier League goals than Aubameyang this season, with the Argentine netting eight times compared to Aubameyang’s seven.Although Aguero remains the main man of City’s attack, goals are well shared out amongst Pep Guardiola’s squad to the extent that his eight goals equate to just 29 per cent of their overall tally of 27 in the Premier League.If Aguero isn’t scoring for City, Raheem Sterling, Bernardo Silva, Riyad Mahrez or Gabriel Jesus will step up to the plate. In contrast, if Aubameyang isn’t scoring for Arsenal, their chances of finding the net are significantly reduced, considering he has netted 58 per cent of their total.Only newly-promoted Norwich City have relied more on their leading goalscorer with Teemu Pukki scoring six of their nine goals so far.Percentage of goal contributions for PL’s leading scorersTeemu Pukki (Norwich City)67.00Pierre-Emerick Aubameyang (Arsenal)58.00Tammy Abraham (Chelsea)50.00Callum Wilson (Bournemouth)38.00Jamie Vardy (Leicester City)38.00Harry Kane (Spurs)36.00Sergio Aguero (Man City)29.00Raheem Sterling (Man City)22.00 Share Oliver Young-MylesThursday 3 Oct 2019 7:01 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.7kShares Similarly to last season’s golden boot chase, Aubameyang is tied with Salah on 39 goals across that period – some feat considering Salah’s exploits in the second half of the 2017-18 campaign – with Aguero managing 33 and Leicester City’s Jamie Vardy scoring 32.Arsenal’s second-leading goalscorer in the Premier League since then is Lacazette on 20.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityPoint-winnerAs you’d expect considering he has scored over half of Arsenal’s goals this season, Aubameyang’s strikes have been crucial to their overall points tally.Aubameyang scored the decisive goal against Newcastle on the opening day of the season and has since followed that up with winners against Burnley and Aston Villa.AdvertisementNot only that, Aubameyang netted equalising goals against both Spurs and Manchester United and scored twice to put Arsenal 2-0 in front before their draw against Watford. Pierre-Emerick Aubameyang should have won the Premier League golden boot based on his xG stats last season (Picture: Getty)Mane massively outperformed his xG of 16.54 (+5.24) while Salah was pretty much spot on, scoring as many goals as expected with his 22-goal haul fractionally higher than an xG rate of 21.79 (+0.21).AdvertisementAdvertisementHowever, if Aubameyang was slightly wasteful in front of goal last season, he has been anything but this term. In 2019-20, his xG is just 3.58 goals which is just over half of his actual total of seven goals.Essentially, Aubameyang is scoring goals he has no right to score this season, which is worrying for Arsenal in the longer-term. There is surely only so long that Aubameyang will keep producing the goods when starved of high-quality service.Premier League goals since his debutThe speed with which Aubameyang adapted to the Premier League following a big-money move from Borussia Dortmund in January 2018 was remarkable and he arguably hasn’t been given enough praise for slotting so seamlessly into English football.A testament to Aubameyang’s goalscoring feats in England is that since his debut against Everton in February 2018, no player has scored more goals in the Premier League than his 39 which have come from only 56 appearances.Most Premier League goals since Pierre-Emerick Aubameyang’s debut:• Pierre-Emerick Aubameyang (39)• Mohamed Salah (39)• Sergio Agüero (33)• Jamie Vardy (32)That man again. https://t.co/sIuypndDQw— Squawka Football (@Squawka) September 30, 2019 Aubameyang has scored three winning goals in the Premier League already this season (Picture: Getty)In total, Aubameyang’s goals have won Arsenal nine points already this season, or put another way, three-quarters of their total points. Had Arsenal not imploded defensively at Vicarage Road, that figure could have been even higher.This is no new phenomenon either. Since January 2018 when Aubameyang joined Arsenal, his goals have won them 32 points, more than any other Premier League player in that time and seven points more than Harry Kane in second.When the pressure is on, Aubameyang delivers but it is time for some of his teammate to step up and help him out.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenalcenter_img Advertisement Advertisement Expected goal improvementAlthough Aubameyang ended up sharing the Golden Boot with Liverpool duo Mohamed Salah and Sadio Mane last season with all three netting 22 times, he should have won it outright based upon his expected goals (xG) stats across the season.According to Understat, Aubameyang underperformed relative to his xG by 1.55 goals. In other words, based on the quality of chances he had, Aubameyang should have scored 23.55 goals rather than the 22 he managed.He even missed a sitter to clinch it on the final day against Burnley. The stats that show how reliant Arsenal have become on Pierre-Emerick Aubameyanglast_img read more

Super power down south

first_imgHaving carried 1·9 million tonnes of freight in the first five months of this year, an astonishing 43% up on the same period in 1996, freight concessionaire Nuevo Central Argentino is expecting to see another 600000 tonnes a year move over the former General Mitré network from October. Minera Alumbrera is to start running its own trains of copper concentrate over 960 km of NCA metals between Cruz del Norte in the province of Tucumlast_img

Fifth French pension fund vehicle granted regulatory go-ahead

first_imgInstitution de Prévoyance Austerlitz, one of France’s so-called provident institutions, has been given regulatory approval to set up an occupational pension fund.The number of these vehicles has been growing slowly since they were made possible by a 2016 law, with IP Austerlitz the fifth benefit provider to obtain authorisation from ACPR, the supervisor for banks and insurance entities.Aviva got the ball rolling in late 2018, followed last year by Malakoff Médéric and Sacra, while the provident institution in the Banque Populaire group got the green light in November for the creation of its own vehicle.Generally known as “fonds de retraite professionelle supplémentaire” (FRPS), the vehicles are France’s version of a pension fund and were made possible by 2016 legislation known as “loi Sapin”. The idea is to allow different categories of insurance entities to transfer portfolios out from under the Solvency II regulatory framework to a regulatory framework combining elements of the IORP Directive and Solvency II, but not the latter’s capital charges and certain other requirements.As a result of the creation of these new vehicles this year for the first time there was French participation in the pension fund stress tests carried out by EIOPA.The EU pensions supervisor identified Aviva Retraite Professionnelle, MM Retraite Supplémentaire, Société Anonyme de Consolidation des Retraites de l’Assurance (Sacra) as the participating IORPs from France.last_img read more

TOP Ships Seals USD 92.5 Mn Sale and Leaseback Deal

first_imgGreek shipowner TOP Ships has concluded the USD 92.5 million financial deal for two Suezmax newbuilds under construction at Hyundai Samho Heavy Industries in South Korea.  The deal with an undisclosed Chinese leasing company was announced in September this year.The sale and leaseback agreements envisage for the two newbuilds to be sold following their delivery from the shipyard in April and May of 2019, respectively. The proposed financing deals include pre and post-delivery financing and have a term of seven years. The company can buy back the vessels after the three year anniversary of each vessel’s delivery up until the expiry of the agreements.Once delivered, the vessels are scheduled to enter into three-year time charters with an oil major at a daily charter rate of USD 25,000 per vessel.“Our Suezmax vessels, which account for the largest portion of our newbuilding capital expenditure, are now fully funded,” Evangelos Pistiolis, the President, Chief Executive Officer and Director of the company, said.“We are now focused on arranging the finance of our newbuilding vessel that will be delivered in January following the completion of which, the company will have completely covered its capital needs in relation to its current newbuilding program.”The company also announced that it has increased the maximum borrowing capacity of the family trading credit facility to USD 25 million and that it has drawn down an additional USD 5 million from the company’s outstanding loan facilities.last_img read more