Someone’s got to tell Trump he lost, but Republicans are loath to raise their hands.

first_imgThirty-one former Republican members of Congress — many of them outspoken critics of the president — on Monday denounced Mr. Trump’s allegations in an open letter that called on him to accept the election results. “Every legal challenge must be heard,” Mr. McCarthy said. “Then and only then does America decide who won the race.”- Advertisement – President Trump’s iron grip on his party has inspired love for him among some Republican lawmakers and fear among others. Neither group will tell him it is time to concede his loss — or at the very least, to stop spreading claims about the integrity of the nation’s elections that are contrary to considerable evidence.The dynamic helps explain why, days after Joseph R. Biden Jr. was declared the winner of the election, even Senator Mitch McConnell of Kentucky, the majority leader, was unwilling to recognize the result. Instead, senators have tiptoed around — or in some cases blindly run past — the reality of Mr. Trump’s loss, and the lack of evidence to suggest widespread election fraud or improprieties that could reverse that result.- Advertisement – By Monday evening, only a few Republican senators known for their distaste for Mr. Trump — Mitt Romney of Utah, Ben Sasse of Nebraska, Susan Collins of Maine and Lisa Murkowski of Alaska — had acknowledged Mr. Biden’s victory.The Republican House leader, Representative Kevin McCarthy of California, insisted that Mr. Trump was right to contest the results of the election. – Advertisement –last_img read more


CFA Institute to oversee fiduciary manager performance standard [updated]

first_imgOne of the CMA’s proposed “remedies” for the fiduciary management sector was for providers to be required to report their performance track record to prospective customers using a standardised methodology.CFA Institute’s discussions with IC Select predate the CMA’s investigation and the Financial Conduct Authority’s asset management review, which led to the investigation. Cardano’s Ralph Frank also contributed to the discussions, having been working on his own methodology for fiduciary management analytics. “We were always going to do this because IC Select is a UK-based entity and, for them, maintaining this and ensuring its continuation is a large chunk of work,” said McAra.In addition, CFA Institute saw an opportunity to cover an area its framework for GIPS did not. The original standard IC Select developed was based on GIPS. The direction the CMA had taken meant it made more sense to pursue transferring the responsibility for the standard, said McAra.CFA Institute would like to retain the governance structure IC Select had set up for developing the standard and consultations, involving a steering group and a forum, both of which McAra chairs.Global reach?At the industry event – organised by the Transparency Task Force (TTF), a campaign group – McAra said CFA Institute “would anticipate” the standard being of use elsewhere in the world, and that it had already held discussions with US and Dutch stakeholders.The right language could make a single standard applicable globally even if regulatory requirements varied geographically, he said.“We’re all about making things level, constant, and comparable, both through timeframes and across the firms operating in those particular areas,” he added. “So a prospective client can take information from any person, any firm that claims compliance with this standard, look at them and know they have comparable information.”McAra told IPE he had spoken to fiduciary managers in the US and Netherlands who are aware of GIPS and the IC Select standard, and that the feedback was comparable to that received from UK fiduciary managers.“For those managers that are investing against asset-based benchmarks, then GIPS can be used as a standard for presenting their past performance to prospective investors,” he said. “For those implementing liability-driven investment [LDI] strategies, the IC Select standard provides a framework for generating composites that are relevant to prospective investors considering LDI strategies.”Carl Hitchman, head of fiduciary management advisory at Stamford Associates, also attended the TTF event, and later told IPE it was important there be some flexibility to avoid a situation where performance was quoted against an inappropriate benchmark.He noted that the IC Select standard as currently drafted directed fiduciary managers towards the GIPS approach if their benchmark was “a fixed asset split”, but said this opt-out did not reflect – as he understood the CMA’s intention – the requirement for a single standard to apply to all fiduciary managers. This article was updated on 31 January 2019 to amend the name of CFA Institute. CFA Institute is taking over responsibility for the fiduciary management performance standard that could satisfy a pending UK regulatory requirement facing providers of the service.The transfer of intellectual property rights from IC Select, which has developed the standard, was scheduled to complete at the end of June, Iain McAra, director of global investment performance standards (GIPS) at CFA Institute, told attendees at an industry event earlier this month.This was slightly earlier than initially envisaged given the timetable set out by the Competition and Markets Authority (CMA) following its investigation into the investment consultancy and fiduciary management sectors.“The CMA’s agenda really wants everything wrapped up by mid-November,” McAra told IPE. “We had proposed that we complete the transfer by 1 January 2020, but we can accommodate that change.”last_img read more


Januzaj becomes gym bunny

first_img Januzaj enjoyed a stunning breakthrough season under David Moyes last year, but he has struggled to make the United XI on a regular basis since Louis van Gaal took over. The 20-year-old has started just seven Barclays Premier League games under the Dutchman, although a change in formation – and the poor form of Angel Di Maria – means the Belgian has gained more playing time on the wings as a substitute recently. Adnan Januzaj has been spending extra time in the gym in an attempt to bulk up and become faster. Press Association Januzaj revealed recently that he prefers to operate as a number 10, but Van Gaal looks set to continue playing him out wide given that Di Maria is suspended for Sunday’s game against Tottenham. And the slight Belgian has been putting in the hard yards in the gym to ensure he is capable of taking on and beating defenders for pace. “I do a lot of work in the gym. I am trying to be faster and stronger so I can be tougher when I go out on the pitch,” Januzaj told United’s website. “I am doing a lot of short, sharp stuff so, when I turn a defender or go past a player, I can just get a few metres away from them with my acceleration.” United fans are used to watching fast wingers speed up and down the flanks at Old Trafford, but more often than not, they have been subjected to slow, unimaginative performances from their team this season. United may have lost just two of their last 18 Premier League games, but Van Gaal has come in for criticism because of the team’s style of play. Former Barcelona and Chelsea assistant, Henk Ten Cate, who spent a year with Van Gaal while he was doing his training badges, thinks United should stick with his compatriot though. “You have to give him time because, for me, he is one of the best coaches there is,” Ten Cate told talkSPORT. “I worked closely with him for one year when I was going through the stages to get my coaching licence. I saw what he was doing and the only thing he has to do is get used to the way of playing in England. “If the owners of the club gave him that much confidence and that much money to spend, it is not a good thing to say goodbye to the coach after one season because it is starting to become his team. “He needs a little more time but I am almost positive that he is going to surprise Britain with his (style of) football.” Ten Cate admits United’s play has not been up to Van Gaal’s standards so far, however. “I know him well and he is the kind of guy who doesn’t just go for results, he wants his teams to play good football. He has proved that in the past,” Ten Cate said. “Right now at Manchester United the way they are playing is absolutely not good. But it is not the style of Van Gaal.” last_img read more


Cooney looks to find consistency against Holy Cross

first_imgThe ball swished through the net and Trevor Cooney’s celebration wasn’t much of a celebration at all. It was his and Syracuse’s first made 3 of the game, sandwiched between a three-point play on a layup and two free throws for Cooney — a personal 8-0 run that helped the Orange bury Loyola (Maryland) in the Carrier Dome on Tuesday night. But he didn’t yell or pump his fist. He just glided backward to the defensive end while lightly nodding his head. “I think at times this year I’ve gotten a little too up and I can’t get up or down,” Cooney said after the win over the Greyhounds. “As a shooter you just have to think about the next one, not the one that just happened. Miss or make.”And Cooney’s up-and-down demeanor is a microcosm of the start to his season. In spurts, the junior guard has been the perimeter threat that can jumpstart the SU offense and take pressure off of Rakeem Christmas and Chris McCullough in the post. But he’s also had trouble stringing together two straight makes and has often been the same inconsistent player that greatly contributed to the Orange’s sputtering out at the end of last season.AdvertisementThis is placeholder textWhat Syracuse (4-1) will get out of its most experienced guard this season is still up in the air, and Cooney will use the next nonconference game — a 7 p.m. date with Holy Cross (3-0) in the Carrier Dome on Friday — as another chance to find a consistent touch.“I’m not too worried about slow starts,” Cooney said. “I just need to take the right shots and I’ll contribute just fine.”Cooney is averaging 11.2 points per game and has made nine of his 29 3-point attempts through five games, but slow shooting starts have coincided with slow starts for the Orange offense. Syracuse held Loyola scoreless for the first 10:04 of game time, but only scored 28 points in the first half to let the Greyhounds stay in the game. Cooney came around a screen for his first long-range attempt and, with a defender right in his face, hoisted an off-balance shot and was stuffed as soon as he released it.He went 0-for-3 from downtown in the first half and found more success going to the rim against an inferior defense. “That first shot I took was horrible,” Cooney said. “Just can’t do that.”At the start of the season, Cooney wouldn’t say whether he considered himself a top shooter in the Atlantic Coast Conference, but added that he was honored to even be asked. On Tuesday, he said he knows he’s solely defined by makes and misses and was quick to point out that one more 3 would have given him 16 points and “then you’d all say I had a great night.”Instead, it was SU’s frontcourt that had a great night while Cooney played a supporting role.“Trevor’s even more important with us trying to get it down to the low post all the time,” SU point guard Kaleb Joseph said earlier in the season. “When he is hitting, we just get that much more dynamic.”With Syracuse methodically working the ball into the post and relying on frontcourt scoring, Cooney’s availability depends on how much opposing guards help down on Christmas and McCullough.If they do help down, Cooney will be tested to hit open jump shots and there will be groans from the crowd if he doesn’t. If they don’t, he’ll have to create his own shots and work off the dribble, which has presented discomfort in the past but could be his best bet to contribute as teams continue to key on him.Cooney saw a mix of both against Loyola, as the Greyhounds focused on Christmas on the block but also had enough size to let their guards chase Cooney step for step around the arc. It wasn’t 16 points or a spotless performance by any stretch, but head coach Jim Boeheim was satisfied. “It’s not two guys, you can’t win with two guys,” Boeheim said after the win. “Trevor was more aggressive tonight, made some good plays. If he can get 13 points every night I’d be happy.” Comments Facebook Twitter Google+ Published on November 28, 2014 at 10:10 am Contact Jesse: | @dougherty_jesselast_img read more