The United States said it has requested 50,000 dollars in emergency aid for flood-hit Guatemala and reprogrammed another 4.38 million dollars in economic aid for recovery efforts. “We are very, very concerned about the disaster there,” State Department spokesman Philip Crowley told reporters. The US ambassador in Guatemala City Stephen McFarland at the weekend asked for 50,000 dollars in aid from the US Agency for International Development and the Office of Foreign Disaster Assistance as a “US initial response,” he said. “We have since reprogrammed 4.38 million dollars in economic support funds to assist Guatemala’s recovery efforts,” Crowley added. He also said the US embassy has freed up helicopters which are normally used to help fight drug trafficking for the purpose of surveillance and rescue missions. “And we’ll continue to look for additional ways to provide support to the people of Guatemala,” he said. In Guatemala, at least 45 people died over the weekend amid the heaviest flooding in recent memory. By Dialogo September 10, 2010
Management fees totalled €4.9bn, an increase of 22% compared to 2015. This is because fees tend to be calculated as a percentage of total assets.According to Johan van Soest, senior consultant at LCP, the main reason for the increase in fees was, however, an increase in performance fees.“We’ve noticed pension funds have been able to negotiate much better contract terms with their asset managers in recent years,” he said. “Still, these lower base fees do not compensate fully for an increase in performance fees.”Bpf Bouw, for example, recently reported it had managed to reduce fees paid to hedge fund managers from €37.9m to €30.8m. However, at the same time the fund said it had seen a €6m increase in performance fees since 2013. Large Dutch pension funds have not been able to push their investment management fees to below the 0.5% threshold, even though their assets under management increased by 28% in the past five years.Consultancy LCP looked at total management fees as a percentage of total assets for the seven largest occupational funds – ABP, PFZW, PMT, PME, BpfBouw, Vervoer and PGB – and three large company pension funds (Philips, Rabobank and Shell). Together, these funds administer two thirds of all Dutch pension assets.The average management fees the funds paid in 2019 totalled 0.51%, excluding transaction costs. This is only two basis points less than in 2015, though total assets under management of the 10 funds increased from €763bn to €973bn in 2019 (+28%).Including transaction costs of 0.09%, investment management fees totalled 0.6%, or €6.3bn. This compares to 0.61% in 2015.
GroceriesWhen shopping for groceries residents are urged to focus on non-perishable items. Since electricity could be lost during the storms and for days following it is important to avoid foods that requires refrigeration.It’s recommended that residents purchase bottled water; canned and dry goods including corn beef, tuna, sausages, soups, bread, biscuits, crackers, cookies, jellies, peanut butter, juices, powdered drink mix, chips, sauces. South Florida residents urged to prepareOfficials in South Florida are urging all residents to make preparation for the arrival of Irma notwithstanding its exact landfall target is still unknown. Residents are also urged not to wait until the storm is too close to be prepared. It has not been unusual for stores and supermarkets to run out of supplies as a storm approaches. MedicationResidents on medication should ensure they fill their prescriptions before the storm hits. They should have medication to last for up to two weeks. PetrolMotorists should ensure they fill the tanks of their vehicles with petrol prior to the storm. It will be difficult for gas stations to pump petrol if they lose electricity. Other suppliesOther recommended supplies included oil fueled lanterns, kerosene oil, batteries to fit flashlights, and battery powered radios and TVs, paper plates and cups, paper towels, garbage bags; plywood and tarpaulins in case one’s roof is damaged during the storm. Storm not turning as expectedWhile forecasters expected the storm to turn more to the north after passing through the Eastern Caribbean, Monday evening’s forecast did not reflect that turns, showing the storm taking a more western path towards Florida.With the proposed trajectory of the storm pointing towards South Florida on Monday, people took advantage of the holiday to visit supermarkets like Publix and Winn-Dixie to stock up on bottled water, and other supplies.At Home Depot stores in South-West Miami, which was severely impacted by Hurricane Andrew in 1992, shoppers were purchasing plywood which is usually used to protect windows during a hurricane. Both a USA and an European hurricane forecast model are converging to indicate Hurricane Irma could impact South Florida as early as Friday this week. The trajectory of the storm prompted Florida Governor Rick Scott to declare a state of emergency for the entire state.On Monday evening the storm was forecast to pass through northwestern Caribbean, impacting Puerto Rico, Hispaniola and Cuba. The forecasted Hurricane cone expanded some 145 miles and forecast has the storm impacting areas of South Florida by Friday. However, the exact area where the storm could impact is still too early to confirm. CashResidents should also draw sufficient cash to last for a number of days, as banks could be closed for an indefinite period, and without electricity, ATMs will be useless.