– Advertisement – Election night victories by Representative Deb Haaland, Democrat of New Mexico, in the state’s First District, Yvette Herrell, a Republican, in its Second District, and Teresa Leger Fernandez, a Democrat, in its Third District, mean that New Mexico’s entire House delegation will be made up of women of color. In the Senate Cori Bush, a progressive who toppled a member of the Democratic Party establishment during her primary, cruised to victory over Anthony Rogers, a Republican, and became the first Black woman elected to represent Missouri in Congress. “To the Black women, the Black girls, the nurses, the essential workers, the single mothers — this is our moment,” Ms. Bush said in her victory speech.Ritchie Torres, a Democrat who is Afro-Latino, swept aside his Republican opponent and became the first openly gay Black man elected to Congress. He will replace Representative José Serrano in New York’s 15th Congressional District. (Mondaire Jones, another Democrat who is also Black and gay, is ahead in his race to fill the seat in New York’s 17th Congressional District that is being vacated by Representative Nita Lowey.) “I am hopeful that there’s a young person desperately in need of that message, who, just before going to bed, looked online and saw this result,” Ms. McBride said. “For that person, they know that change is possible and things can get better.” – Advertisement – – Advertisement – The 2020 election saw a diverse set of candidates in races across the country, even though the presidential contest was between two septuagenarian white men. Votes are still being tallied, but barrier-breaking candidates have notched victories in some of the races that have been called.Here are some of the winners who have made history.In the House of Representatives Cynthia Lummis, a Republican former congresswoman, will become the first woman to serve in the Senate from Wyoming. She cruised to victory in the race to succeed Senator Michael B. Enzi, who is retiring.In Statehouses
The government has begun to reopen the economy in June after three months of large-scale social restrictions (PSBB) in a bid to prevent further job losses and boost purchasing power. The so-called new normal protocols allow people to resume business activity and travel using planes and trains, among other means, albeit at 50 percent of the normal capacity.More than 3.06 million Indonesians have either been laid-off or furloughed as of May 27, according to Manpower Ministry data. The government expects up to 5.5 million of the country’s workforce, dominated by those working in the informal sector, to lose their jobs this year following slowing economic activity.“We believe that weaker domestic demand due to the COVID-19 outbreak as well as lower global oil prices will keep price pressures in Indonesia contained for the forthcoming months,” said Fitch Solutions, expecting inflation to reach 2.6 percent for the full year.Meanwhile, Bank Permata economist Josua Pardede said that, despite the government’s decision to reopen the economy in June, economic activity and consumers behavior had yet to return to prepandemic levels.“Consumers are still reluctant to purchase secondary and tertiary goods, as they only want to [cover] basic needs,” Josua told The Jakarta Post over the phone. “This defensive trend could continue into the third quarter if the government is unable to boost purchasing power.”Josua added that the government must speed up its stimulus spending in a bid to bolster the economy, adding that inflation may average between 2 to 2.5 percent this year to reflect weak consumer spending.Bank Mandiri economist Andry Asmoro, meanwhile, estimated that inflation will end the year within BI’s target range at 2.69 percent. “The higher forecast compared to the 2019 realization of 2.59 percent is because of the increasing gold price due to higher uncertainty in the global financial market, the impact of increasing money supply through economic stimulus spending and higher prices of imported goods,” said Andry.Topics : Indonesia recorded the lowest annual inflation rate since 2000 in June, slightly below the central bank’s target range, as the coronavirus pandemic upends business activity and demand for goods and services.Statistics Indonesia’s (BPS) consumer price index (CPI) was up 1.96 percent year-on-year (yoy) in June, a 20-year low and below Bank Indonesia’s (BI) target range of between 2 and 4 percent for the year. BPS head Suhariyanto told reporters last month that this year’s low inflation was due to weaker purchasing power as the pandemic reined in consumer demand.“The inflation pattern is different this year, as we usually record an inflation peak in the month of Ramadan and for the Idul Fitri holiday. This did not happen due to the COVID-19 pandemic,” BPS head Suhariyanto told reporters on Wednesday. While core inflation reached 2.26 percent yoy, government-administered prices were up only 0.52 percent, but volatile food prices were 2.32 percent higher than a year ago. Consumer prices for health, education as well as food, beverages and tobacco rose the most, at 4.16 percent, 3.66 percent and 3.03 percent, respectively. Those for transportation as well as information, communication and financial services dropped the most, deflating by 0.95 percent and 0.3 percent, respectively.The relatively high increase in the prices of food, beverages and tobacco seen in June was driven by increased prices of purebred chicken and eggs due to low stocks in several regions, Suhariyanto went on to say.“We also recorded inflation in transportation due to rising prices of airline tickets and online motorcycle taxis,” referring to services provided by ride-hailing apps Gojek and Grab. Fitch Solutions recently predicted that the technology firms would scale back on discounts.“We expect Grab and Gojek to scale back on discounts to become profitable, especially so as investor funding could potentially slow amidst weaker global economic activity,” analysts of Fitch Solutions wrote in a recent research note.
Asked by IPE to comment on the issue of gas divestment, MP Pension CIO Anders Schelde said the fund was currently having a debate with Ansvarlig Fremtid on the significance of gas as a transition fuel.“They say that ultimately gas must be taken out of the energy mix, and thus we should transition out of it now already today,” he said.“We say that we agree that gas should ultimately be phased out – so we agree that ultimately it is a transition fuel – but now and for the next 5-10 years or so, gas is still needed,” Schelde said.Gas was necessary both to phase out coal, but also as a flexible backup energy source when there was little or no production of green energy – no wind, no sun, he said.“So until we can better store green energy, we still need some gas production,” Schelde said.“Until we can better store green energy, we still need some gas production”Anders Schelde, CIO at MP PensionIn light of this, he said, MP Pension found that when it balanced investment return considerations and responsibility, it was too early to include gas in delimitations of its fossil fuel exclusion.“On an ongoing basis we are evaluating these delimitations, and here and now we would rather tighten them elsewhere,” he said.“No formal decisions have been made, but we are for instance considering if we should expand the value chain delimitation with regard to coal, to give one example,” Schelde said.Meanwhile, Thomas Meinert Larsen, campaign coordinator and spokesman for Ansvarlig Fremtid, told IPE that while it was good that MP Pension had divested a large part of its oil company investments, the fund should also sell off certain natural gas companies, unless they presented “credible Paris-aligned business models”.Among gas stocks the campaign group highlighted in MP Pension’s portfolio are Russia’s Novatek and Italian group Eni.“We basically think the statement that gas is a transition fuel is heavily overstated and many of those companies are actively exploring more gas reserves, and they should not be in a Paris-compatible portfolio,” he told IPE.Separately, MP Pension this week announced its participation in two multi-investor ESG initiatives.Alongside other Danish investors AP Pension and Nordea Asset Management, MP Pension joined a group of 29 investors urging Brazil’s embassies in 10 countries to stop the rapid advance of Amazon rainforest clearance.The fund also said it was teaming up in a group of major international investors to put pressure on Japan’s Mizuho Bank to stop providing large loans to coal companies around Asia.Looking for IPE’s latest magazine? Read the digital edition here. Danish pension fund MP Pension said it is too early to excise natural gas stocks from its portfolio because gas is a necessary transitional source of energy, and would prefer to widen its exclusion policy for other fossil fuels instead.At the scheme’s annual general meeting last week, members rejected a proposal put forward by campaign group Ansvarlig Fremtid (Responsible Future) for the fund to divest from gas stocks.Prior to the vote, the board of MP Pension – which is in the process of re-naming itself “AkademikerPension” – had expressed its opinion that while agreeing with the spirit and intention of the proposal, it did not find the timing right.The vote came against the background of other fossil fuel divestment decisions by MP Pension in the last few years, including the vote at last year’s AGM to sell off bonds in companies that extract coal, tar sands and oil, in addition to their equities.
The Belgium international, who had a hand in all Everton’s goals in the 3-3 Merseyside derby draw, escaped with a booking for his knee-high challenge. Rodgers, who also made a veiled criticism of England for playing unfit striker Daniel Sturridge for 90 minutes in the midweek friendly against Germany, felt Mirallas was lucky not to be sent off. Press Association “I thought Mirallas should have been sent off. It would’ve been interesting if Luis made the challenge,” said Rodgers. “I have seen Kevin for a few years and he looks a real honest player but if you look at it in every way, real time and slow motion, it is a bad challenge. “He caught him on the back of his knee and that can end your career. “It was awful jumping in like that and it took Luis 10 or 15 minutes to try to run it off and he (Mirallas) had another one by the (far) touchline where he’s jumped up and come down on the back of Luis. “He (Suarez) is a player who can look after himself on the pitch, he is a strong player, but I just think it was a bad challenge. “It wouldn’t matter if it was on Luis or someone else it was a naughty challenge. “You don’t want to see people getting sent off but if they should be than that’s what should happen.” Sturridge came off the bench to salvage a point with an 89th-minute header after two goals from Romelu Lukaku had turned around Liverpool’s 2-1 advantage with Philippe Coutinho and Suarez scoring either side of Mirallas. Liverpool manager Brendan Rodgers accused Everton forward Kevin Mirallas of a “naughty” potentially career-ending tackle on Luis Suarez which deserved a red card. Rodgers decided the striker, who has been playing with a dead leg, was not fit to start after being over-played at Wembley. “He had obviously not trained and he played 90 minutes (against Germany) and anyone who saw the game could tell he was not fit,” added the Reds boss. “Because he played 90 minutes he couldn’t train because he has to recover. “His first action on the field was Friday and assessing him on that he was nowhere near ready to start. “I said to him before the game he has been a match-winner for us since he came in but he may have to do it from the bench. “Thankfully he came in and got a great header.” Everton manager Roberto Martinez, in his first Merseyside derby, did not feel Mirallas deserved to be sent off but accepted Rodgers’ viewpoint. “I can see why. I have seen the replay and obviously Kevin goes for the ball with a typical striker’s tackle and closes his eyes when he gets to the incident and his right leg catches Suarez,” he said. “I don’t think it is a red card because it is not a malicious incident, he tries to win the ball but gets there late. “I think a yellow card, bearing in mind the emotions you bring into a derby, was the right decision. “But I can see why, if that had been against my team, I would’ve been thinking it would have been a red card. “I think the referee was very right to give it as a yellow card. He allowed the whole game to be played at a very good tempo and was outstanding playing the advantage. “I was a little bit disappointed with Steven Gerrard’s elbow on Gareth Barry. It did not contact his face but it was not a natural position to have an elbow and that could have been a nasty incident.” Martinez became a father for the first time on the eve of the game after his wife gave birth to a daughter but insisted it did not affect his focus on the game. “That comes through the family. My dad missed both mine and my sister’s births because he was involved in football,” he said. “I am delighted. My wife is in a great condition. I was at the birth but I did very little.”
Even Mets fans, still in MLB jerseys, who decided to make it a day-night doubleheader after their MLB team’s afternoon opener didn’t do much to bump the attendance.In fairness to the teams, those who didn’t see the game missed Dylan Osetkowski’s double-double for Texas (19 points and 11 rebounds) and the Longhorns’ defensive stop on Lipscomb star Garrison Mathews. The honorable mention AP All-American was held to 2-of-10 shooting and 15 points for the Bisons, who missed by one win reaching the 30-victory plateau. Lipscomb wraps up its season at 29-8.”They took Garrison for the large part out of the game,” Lipscomb coach Casey Alexander said. “The only thing to be sad about is that it’s over.” “It’s great to win a championship,” Smart told reporters afterward.It’s just that this isn’t exactly the kind of tournament championship Longhorns fans envisioned when Smart was hired four years ago.Texas reeled off five consecutive victories to claim the title, but now the Longhorns will be home by Saturday to watch a Final Four that includes Big 12 rival Texas Tech. That stings.Here are three takeaways from a complicated championship for Texas:1. This won’t take the pressure off Smart.He’s now 71-66 in his four seasons at Texas, but it took the five straight NIT wins — over South Dakota State, Xavier, Colorado, TCU and Lipscomb — to get him to five games over .500.The smattering of burnt-orange-wearing fans enjoyed the win at Madison Square Garden, but there’s a portion of the fan base that isn’t exactly unhappy that Smart reportedly is on the short list of candidates to fill the UCLA vacancy (as TCU’s Jamie Dixon haggles over his buyout up the road in Fort Worth).Despite the NIT title, Texas still hasn’t won an NCAA Tournament game under Smart.”There has been teams that have come and won the NIT and they have been able to use that as an unbelievable spring board into a more successful season next year and an NCAA Tournament tournament run,” Smart said hopefully but then adding a dose of reality. “There’s been teams that haven’t.2. It was an emotional ending for Kerwin Roach IIThe Longhorns leading scorer, Roach averaged 15 points per game as a senior but was suspended for the final five games of the regular season (during which Texas went 1-4).The mercurial Roach has been suspended three times in his career at Texas, likely causing enough questions among NBA teams that even his obvious athleticism has been overshadowed.Smart shared an emotional moment with Roach on the court after the victory in which he scored 16 points and sealed being named the NIT’s most outstanding player.”He’s had some phenomenal moments,” Smart said (via The Associated Press). “I don’t think he thought he’d be in college this long.”3. The NIT championship wasn’t a draw this year.Texas won in front of about 3,000 spectators — not one sitting above the lower bowl, per The AP’s assessment.So last year’s title game, packed with Penn State fans? Probably attributable to the Big Ten school’s sizeable New York fan base.This year?There were those few hundred fans in burnt orange and that was about it. Everything’s bigger in Texas, but get to Madison Square Garden in New York and an NIT championship victory isn’t quite as huge.Sure, Thursday night’s 81-66 victory over Lipscomb was a decent way to finish a season for Shaka Smart’s University of Texas team. A win is a win, right?