Island Park Shooting Suspect Nabbed

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Nassau County police have arrested a man suspected of shooting and wounding a man in Island Park over the weekend.Angel Martinez was charged with assault, criminal use of a firearm and criminal possession of a weapon.Police said the 47-year-old suspect shot the 36-year-old victim in the abdomen after asking to speak to him outside Costa Del Sol Restaurant and Bar on Austin Boulevard near the alleged gunman’s home at 7:30 p.m. Saturday.The suspect fled and the victim walked home to Long Beach, where his friend called 911, authorities have said. The victim was taken to a local hospital where he is listed in stable condition with a non-life threatening injury.Police apprehended Martinez in Wyandanch on Tuesday. He also had an open warrant for disorderly conduct in Hempstead, police said.  He will be arraigned Wednesday at First District Court in Hempstead.last_img read more

Strong Winds Knock out Power to 31K LIPA Customers

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York This weather can’t get any stranger.All of Long Island is under a wind advisory until 6 p.m. Thursday after howling winds brought on by a strong cold front rolled through the Island overnight, knocking out power to thousands of Long Island Power Authority customers.As of 9:30 a.m., more than 31,000 homes and business were without power, according to LIPA’s outage map. More than 10,000 customers in the Town of Huntington woke up with no power and more than 7,000 customers in the Town of Oyster Bay were also powerless. Scattered outages were recorded throughout Long Island.LIPA’s crews were still assessing the conditions in most areas affected by outages, according to the utility’s website. A LIPA spokesperson wasn’t immediately available to address restoration times.The National Weather Service in Upton reported downed trees due to the storm, and Nassau County police said South Broadway in Hicksville is closed in both directions at Engineers Drive due to a leaning telephone pole with hanging wires.Lauren Nash, meteorologists at the National Weather Service, said temperatures will drop throughout the day until this evening when temperature are expected to hit the high 20s.She noted that the cold front has moved east but said, “there’s still going to be some gusty winds [left] behind.”Wind gusts reached 60 mph in Merrick, 70 mph in Centre Island and 59 mph in Shirley and Islip, Nash said.last_img read more

Sharp improvement in UK DB funding during April

first_imgThe PPF’s data reflected other estimates from leading UK consultants that all indicated improvements during April.JLT Employee Benefits estimated that, across all UK private sector DB schemes, the aggregate shortfall fell during the month to £78bn, from £131bn at the end of March.Assets grew by 1.3% while liabilities shrank by 2.1%, JLT reported.FTSE 100 company DB schemes were almost fully funded at the end of April, JLT’s data showed, with an aggregate funding ratio of 98% – its best position in nearly 10 years.Mercer estimated that the combined shortfall of FTSE 350 company DB schemes fell by £19bn during last month – the largest monthly funding improvement since the end of 2016.PwC also reported a significant fall in its estimated UK DB deficit for all private sector schemes, from £450bn at the end of March to £200bn at the end of April. PwC’s Skyval index typically produces a higher estimate than other firms as it uses a ‘gilts-plus’ methodology.Boris Mikhailov, investment strategist in Aviva Investors’ global investment solutions team, said fears of trade wars had reduced, boosting equities, while demand for gilts had fallen slightly due to falling demand for liability-driven investment strategies.Alan Baker, head of DB solutions development at Mercer, warned that asset values had remained broadly static “for several months” while liabilities had been volatile.This demonstrated “the importance of trustees and sponsors understanding the overall level of risk facing their pension scheme”, Baker said. “Trustees and sponsors should ensure they have plans in place to protect them from any downside and to ensure their exposure is in line with their risk appetite.”Charles Cowling, director at JLT Employee Benefits, added that the Bank of England’s decision on interest rates would be “crucial” for schemes in the next few months.“It had been thought quite likely that the Bank of England’s Monetary Policy Committee would raise interest rates at their next meeting on May 10th but the latest weak GDP growth figures may once again have put back the date of the next interest rate rise,” he said.“Additionally, the Bank of England is currently debating introducing greater clarity in its future interest rate plans, which would be of significant interest to pension schemes as they seek to plan and navigate their derisking paths.” The aggregate funding position of UK defined benefit (DB) schemes improved dramatically during April, according to new figures from the Pension Protection Fund (PPF).The aggregate deficit of UK DB schemes in the lifeboat scheme’s 7800 Index fell from £115.6bn (€131.7bn) at the end of March to £81.7bn at the end of April – an improvement of more than 29%.The data meant that UK schemes were on aggregate 95% funded.Assets rose to £1.58trn, from £1.57trn a month earlier, while total liabilities declined from £1.68trn to £1.66trn.last_img read more