17 Dec

Delay of fiduciary rule official, now effective July 1, 2019

first_img The Department of Labor (DOL) announced Monday its fiduciary rule will be delayed 18 months, making its effective date July 1, 2019. CUNA strongly supported this delay, noting in communications with DOL that at least a 180-day delay would be necessary for credit unions to come into compliance.The rule would expand who is considered a “fiduciary” of an employee benefit plan. CUNA expressed several concerns about compliance challenges with the rule, and supports additional research efforts into whether the rule may limit choices for moderate and low-income borrowers.According to the DOL, the delay gives it time to review comments received on the fiduciary rule, including “whether possible changes and alternatives to exemptions would be appropriate in light of the current comment record and potential input from, and action by the Securities and Exchange Commission, state insurance commissioners and other regulators.” 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »center_img US Department of Laborlast_img read more

20 Sep

Gunners handed Sanchez boost

first_img Sanchez suffered a bang to his knee during the first half at the Emirates Stadium and Arsene Wenger was ready to substitute him at half-time but the Chilean insisted he could continue. The 26-year-old was returning from a two-week lay-off with a hamstring problem but his latest setback is more of an impact injury and considered to be only a minor knock. Sanchez could even play in this weekend’s FA Cup fixture, although Wenger may choose to rest his leading scorer with a busy schedule to come. Ramsey’s diagnosis is more severe. The midfielder is undergoing tests from Arsenal’s medical team but will not return before the Champions League last-16 first leg tie against Monaco on February 25. The club are reluctant to place a timescale on Ramsey’s recovery, particularly given the concerning regularity of the Welshman’s fitness problems this season. He missed three weeks after injuring his hamstring against Tottenham in September and was out for almost six weeks following a recurrence in December. “Yes, it is his third hamstring injury this season,” Wenger said after the game against Leicester. The news on Aaron Ramsey’s latest hamstring strain is, however, less positive with the Gunners midfielder certain to be out for a fortnight at the very least. Sanchez and Ramsey both had to be taken off in the second half of Arsenal’s 2-1 win against Leicester on Tuesday. “Last year it was a thigh injury but this year it’s a recurrence of hamstrings. “You cannot say it’s not a worry because after a while the player doesn’t play with the freedom in the mind. “He’s not overplayed. Before I just played him in every game but since he’s had these problems, I’m a bit more cautious with him.” Press Association Alexis Sanchez’s knee injury is not considered serious and the Arsenal striker is expected to be available for Sunday’s FA Cup tie against Middlesbrough.last_img read more

17 Sep

Syracuse uses 18-0 run to brush aside sloppy start, blow out Cornell

first_img Published on November 19, 2013 at 2:42 am Contact Phil: [email protected] | @PhilDAbb Quentin Hillsman stresses the importance of clean basketball.But through the first four minutes of Monday’s game, his Syracuse team did not show him clean basketball.“I just told them to clean it up,” the SU head coach said, “and for the shooters to get some floor space, get some balance, and get our lanes wide in transition and spread the floor and make some plays.”The opening minutes of SU and Cornell’s matchup at the Carrier Dome on Monday afternoon featured sloppiness at its finest. A 35-second span in the early going saw seven turnovers. Travels, awry passes that bounced out of bounds and turnovers galore led to an ugly first few minutes.But the Orange straightened up its act. Seven and a half minutes into the game, Syracuse (3-0) tightened up its defense, which translated to fruitful opportunities on the offensive end. The end result was an 18-0 Syracuse run, which at its conclusion positioned the Orange at a 32-10 advantage with 7:42 remaining in the first half.AdvertisementThis is placeholder textThe rest was merely a formality in SU’s 89-48 victory over the Big Red (2-1) before a Carrier Dome crowd of 199 fans.“We definitely picked up our defensive intensity,” SU guard Brianna Butler said. “I think that we were able to pressure the ball, force turnovers, get Cornell to play out of their element and with them doing that, we were able to push the ball and get open baskets in transition.”But before the Orange’s perimeter defense clamped down on Cornell’s shooters, Hillsman was not pleased on the SU bench.Center Shakeya Leary was whistled for three seconds in the paint on the Orange’s fifth possession. Guard Brittney Sykes flew from coast to coast for a layup at the rim, but missed from point-blank range. Guard Rachel Coffey came up with a steal, but threw it right back to Cornell.Amid the early turnover madness, Hillsman watched the Big Red connect on two 3s and a pair of long two-pointers in the matchup’s first four minutes.“It’s just about knowing who’s in your area,” he said. “I think that at times we didn’t do a very good job at getting our defense set.”As his team, down 7-6, walked back to the bench for a media timeout, he looked at his players with his palms facing up, wondering when they would snap out of it.He received his answer pretty soon.Out of the timeout, the Orange exploded. The 6-foot-3 Leary stepped way out of the paint to block a shot at the perimeter. On the other end, a nifty feed from Taylor Ford to Leary put Syracuse ahead 8-7, and the onslaught was on.Four points from Sykes extended the lead to five points. Then Butler hit a turnaround jumper and after a Cornell 3, she responded with a spot-up 3. In the blink of an eye, the Orange had built a 25-10 lead by the 9:39 mark. By the end of the 18-0 run, SU led by 22 with less than eight minutes left.Meanwhile, the Big Red continued to stumble against Syracuse’s lock-down defense.Instead of turning on the aggressive full-court press that smothered Dartmouth on Thursday, Syracuse had a different defensive game plan prepared for Cornell — a team that shot 41.9 percent from downtown going into Monday’s game.“Different teams have different pressure points,” Sykes said. “They pass the ball really well. We wanted to get them across half court and then invite them for the trap.”The Orange’s defensive effort centralized on the half-court set more than a full-court press, and Cornell still had its problems deciphering both. To counter the Big Red’s ability to pass its way through a full-court press, Syracuse planted half-court traps — which led to steals and opportunities in transition, where SU scored 27 fast-break points.When it was all said and done, Cornell turned the ball over 29 times and lost by 41.The cleaner brand of basketball prevailed.“Easy baskets. Getting out in transition,” Hillsman said. “We got some points off turnovers and were able to play at the rim. I thought that was the most important thing for us today.” Comments Facebook Twitter Google+last_img read more