January has been designated as National Slavery and Human Trafficking Prevention Month to better focus attention on this horrific crime and the exploited victims whose lives are forever changed.Many of our state and local politicians have been so very instrumental in co-sponsoring and/or supporting various bills which treat survivors of human trafficking as the victims they are, rather than as criminals. I would personally like to thank: Schenectady Mayor Gary McCarthy, City Councilman Ed Kosiur, state Sens. George A. Amedore and James Tedisco, Assemblymen Angelo Santabarbara and Phillip Steck, U.S. Sens. Kirstin Gillibrand and Chuck Schumer, and Rep. Paul Tonko. Since its inception in 1985, Safe Inc. of Schenectady, located at 1344 Albany St., has been at the forefront of providing emergency shelter and outreach services to more than 8,000 adolescents, teens and young adults.Its two highly regarded programs, Safe House — a co-ed youth shelter for homeless, runaway and other at-risk youth — and Project Safe, a continuum of services including counseling, health and wellness care, job training and life skills development (for ages 18-35), offer positive alternatives to street life where sexual exploitation and victimization are so rampant.Safe Inc. of Schenectady is the designee for New York state’s Safe Harbour initiative in Schenectady County. Safe Inc. of Schenectady has developed a collaborative task force, a community awareness campaign, provides case assessment referrals in collaboration with the County Multidisciplinary Team and Child Advocacy Center, refines interview strategies for the Department of Social Services and Safe Inc., and trains all staff in trauma-focused care.Barbara DworkinSchenectadyThe writer is board president of Safe Inc. of Schenectady.More from The Daily Gazette:Schenectady police reform sessions pivot to onlineSchenectady NAACP calls for school layoff freeze, reinstatement of positionsSchenectady department heads: Budget cutbacks would further stress already-stretched departmentsMotorcyclist injured in Thursday afternoon Schenectady crashEDITORIAL: Beware of voter intimidation Categories: Letters to the Editor, Opinion
ENPAM, Italy’s €17bn pension fund for medical consultants, has committed €150m to a venture capital fund investing in early-stage companies within the medical technologies sector.Principia III raised a total of €160m at its first close, with an ultimate subscription of up to €500m to be invested in around 30 companies. The €150m commitment by the first-pillar fund will be drawn down over approximately five years.ENPAM said it was making the investment because healthcare was a strategic sector it wished to develop and support, and that doing so would be fundamental to intergenerational sustainability of the fund.But a spokesman for ENPAM said there were also strong financial and operational reasons to target healthcare provision in Italy. “Firstly, we believe it is poised to be a strategic and fast-growing sector, because of demographic ageing trends in Italy and Europe.“Secondly, tight budget policies will likely benefit innovative processes in public healthcare delivery, which is one of the target zones for Principia III.”He said Principia III was the only venture capital fund with the agenda to invest in this type of company.The spokesman pointed to manager Principia SGR’s inclusion of Italy’s National Research Council (CNR) as one of its shareholders as “very important”, as it would be able to rely on its relationships with research institutions.Within ENPAM’s portfolio, the investment will form part of its mission-related holdings – assets linked to long-term sustainability deriving from the medical professions, invested through bonds, equities, private equity and real estate.The portfolio also includes a further €50m commitment to healthcare, in assisted-living residential health facilities.The mission-related segment has a maximum allocation of 5%.Initially, the investment in Principia III will represent over half of ENPAM’s 1% strategic allocation to private equity, although the fund expects to increase the share further.The remainder of the private equity allocation – 0.4% of the total portfolio – is made up of stakes in five other funds, run by Igi, Quadrivio and Dgpa Sator, and also including a stake in Principia II, which invests in small and medium-sized enterprises in the digital innovation space, mainly in central and southern Italy.Additionally, ENPAM has holdings Advanced Capital III, Advanced Capital Real Estate and Network Capital Partners, private equity fund-of-funds.ENPAM’s internal rate of return on its private equity portfolio since inception in 2002 has been around 1.7%. Over the same period, the FTSE Italia Small Cap Index – the nearest benchmark, given the domestic bias of the portfolio – returned -1.0%.Although ENPAM’s investment forms by far the major share of Principia III, the fund did not see it has a drawback.The spokesman said: “Venture capital is not well-established in Italy, where bank funding has been the primary conduit and legislators have only recently made it possible for the country’s smaller companies to issue bonds directly.“So we are willing to be a catalyst through being the first big investor in this fund,” he added. ”Others will follow.”For more on Italy’s pension fund market, read the past coverage by IPE
Share Share 158 Views no discussions Share CommentaryInternationalLettersLifestyleLocalNewsReader BitesRegional Bureau of Gender Affairs Mourns Loss of UN Women Caribbean Representative, Alison McLean by: – June 8, 2020 Sharing is caring! Tweet The late Alison McLean(Bureau of Gender Affairs) The Ministry of Youth Development, Empowerment, Youth at Risk, Gender Affairs, Senior Security and Dominicans with Disabilities mourns passing of Alison McLean, UN Women Representative for the Multi-Country Office (MCO) – Caribbean.It is with a lot of sadness that the Ministry of Youth Development and Empowerment, Youth at Risk, Gender Affairs, Seniors Security and Dominicans with Disabilities learnt about the passing of Mrs. Mary Alison McLean, UN Women Representative for the Multi-Country Office (MCO) – Caribbean where she served following her appointment as the Permanent Secretary in the Ministry of Culture, Gender, Entertainment and Sport in Jamaica.Mrs. McLean served as an ambassador across the Caribbean region and the United States. She was recognized and highly respected for her fearless advocacy for fight for gender equality, gender education, employment opportunities, child protection, services for women, men and children of the Caribbean and for the rights of the most vulnerable. She was instrumental in leading UN Women’s support to the Government of the Commonwealth of Dominica in the response and recovery phases post Hurricane Maria.The Honorable Minister for the Ministry of Youth Development and Empowerment, Youth at Risk, Gender Affairs, Senior Security and Gender Affairs, Dr. Adis King stated:“The Caribbean has lost a powerful force and advocate for gender equality and equity. We salute the memory of an exceptional woman, known for her strength and her genuine engagements as Head of UN Women, Multi-Caribbean Office. On behalf of the Government and all the Dominican civil society organizations who have cooperated with Mrs. McLean, I extend deepest condolences to her family, staff at the UN Women, Multi-Caribbean Office and to all who had the privilege of working with her.” Rest in peace Alison McLean; A great woman, a fearless advocate, a great leader and a true inspiration.
But Tottenham, who sold Kyle Walker to Manchester City for Â£45m this month, have not made any signings.“We have a duty to manage the club appropriately,” said Levy.“Some of the activity that is going on at the moment is just impossible for it to be sustainable.“Somebody spending Â£200m more than they’re earning, eventually it catches up with you. And you can’t keep doing it.”Accountancy firm Deloitte said Premier League sides are on course to surpass the record Â£1.165bn they spent last summer.Manchester United manager Jose Mourinho said last week: “I’m used to clubs paying big for big players. Now everybody pays big money for good players.”Walker’s departure aside, Spurs have retained the same squad that finished second to Chelsea in the league last season.The club are in the process of building a new 61,000-seat stadium, which is expected to cost Â£750m and is scheduled to open next year.Speaking at a Nasdaq Q&A in New York, Levy said: “Obviously when you’re building a stadium of this magnitude and it all has to be privately financed – there’s no state help whatsoever – it is a challenge.“We have to find the right balance but I can honestly say it is not impacting us on transfer activity because we are not yet in a place where we have found a player that we want to buy who we cannot afford to buy.”Mauricio Pochettino’s side, who are in the United States on their pre-season tour, beat France’s Paris St-Germain 4-2 at the weekend, with 17-year-old midfielder Tashan Oakley-Boothe playing 45 minutes.On Tuesday, a side beaten 3-2 by Roma featured three more academy products in the starting line-up – Cameron Carter-Vickers, Kyle Walker-Peters and Josh Onomah.Levy said: “Our position on transfers is that we have a coach who very much believes in the academy, so unless we can find a player that makes a difference we would rather give one of our young academy players a chance.“The academy is important because if we produce our own players we don’t have to spend Â£20m or Â£30m on a player.“An academy player has that affinity with the club and that’s what the fans want to see.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Chairman Daniel Levy has defended Tottenham’s lack of transfer activity this summer and claimed the spending by other Premier League clubs is unsustainable.More than Â£850m has been spent by top-flight sides in the transfer window, which ends on 31 August.