A Middlesex woman with an extensive background in marketing and brand management will be the new chief marketing officer for the State of Vermont. Kathy Murphy, currently the director of marketing for the Vermont Ski Areas Association, will join the state Agency of Commerce and Community Development this month as the new chief marketing officer. Murphy will assist various state agencies with marketing campaigns and oversee the process of updating the Vermont Brand. ‘Kathy brings 25 years of marketing experience and a comprehensive understanding of the Vermont Brand,’ said Agency of Commerce of Community Development Secretary Lawrence Miller. ‘As the public and private sector work together to explore new ways to market Vermont, Kathy will provide valuable insight, guidance and leadership.’ Prior to her role at the Vermont Ski Areas Association, Murphy was the brand director and general manager of Tubbs Snowshoes for 18 years. Prior to that, she worked at Jager DiPaola Kemp Design, Paul Kaza Associates and Stowe Mountain Resort. ‘The economic, agricultural and cultural transformation of Vermont continues, and a vision of a mutually reinforcing relationship between tradition and progress is more critical than ever,’ Murphy said. ‘It’s my belief that a fresh, free-thinking, collaborative and consistent approach is necessary to meeting the challenges and opportunities of marketing Vermont today and in the future.’ Murphy replaces Christine Werneke, who has taken a position with the Visiting Nurse Association of Chittenden and Grand Isle Counties.
Pension funds must be aware of the widening duration mismatch in their portfolios as a retiring membership clashes with the prevailing low-yield environment, according to Axa Investment Managers.In a paper on longevity, the manager said two trends – the low-yield environment and retiring baby boomers – were “superimposing” on the coming problem posed by a globally ageing population.The research noted that the instinctive choice of many on retirement was to invest in fixed income, an approach at odds with current bond yields.“In order to pay additional annuities in the short term, pension funds need to invest in higher-return assets such as equities or real estate,” it noted. “With increased pressure on the short-term horizon of their liability and a chase for yield that delivers in the longer term, pension schemes are caught in a duration mismatch that keeps widening as the new demographic steady-state, post baby-boom is getting closer.“So changes in mortality tables and structures of age pyramids imply radical changes in the temporal profile of liabilities for public and private pensions alike, which must adapt their [asset-liability matching] strategic choices accordingly.”The research said an increased equity exposure should be considered to “satisfy the need for higher shorter-term yields”.“Tilting the balance towards equities would hopefully compensate for depressed bond yields,” it continued. “This is a noteworthy move, as it departs from an old habit.”It noted that the strategy had been one pursued by UK pension funds.The paper also said there was a risk a rising dependency ratio in countries could lead to deflation among the developed nations, pointing to past experience of rising old-age ratios in countries such as Japan.“But an ageing population could well turn into inflationary forces if an unsustainable rise in government debt led to its monetisation,” it added.“When old-age dependency ratios reach the levels forecast by the UN in only a decade’s time, this would mean inflation next to zero or even turning into outright deflation.”
A Greensburg man is facing charges as police suspect him of domestic violence and threats to a woman and her two children.Stephen Foster, 27, was booked in the Decatur County Jail Tuesday under suspicion of domestic battery, strangulation and pointing a firearm.According to the Greensburg Daily News, police were notified of alleged violent incidents that occurred earlier this month at a home on West Park Road.Investigators say Foster pushed a woman to the ground while in the presence of her child and also choked her with his forearm.Foster has a personal protection permit for a firearm in Indiana. A relative met with police July 3 and asked for them to take a gun away following the incidents.Police met with the victim who claimed Foster threatened her with a knife a few years ago. In another instance, authorities allege Foster also made threats with a shotgun to the woman and her two kids.
Photo by Tristan Tamayo/ INQUIRER.netTNT coach Nash Racela’s actions got him in hot water as he got hit with the PBA’s first wave of infractions in the 2017 PBA Governors’ Cup.The youthful mentor got fined P10,000 for directly addressing PBA commissioner Chito Narvasa during a live game in the KaTropa’s 106-96 win over Kia last Friday.ADVERTISEMENT Sports Related Videospowered by AdSparcRead Next 787 earthquakes recorded in 24 hours due to restive Taal Volcano Marcosian mode: Duterte threatens to arrest water execs ‘one night’ End of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legend LATEST STORIES Racela opted to not issue comments about the matter, saying, “It is what it is.”Blackwater big man Kyle Pascual and Kia bruiser Eric Camson also didn’t get away from the fine spree, as they were penalized P5,000 eachfor their flagrant foul penalty one.FEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’GlobalPort forward Sean Anthony had to pay P3,000 for flopping, Phoenix shooter Matthew Wright was slapped a P1,000 fine for his technical foul for use of profane language, while Alaska’s Vic Manuel and Star’s Rodney Brondial were meted a P1,000 fine for incurring technical foul for second motion.All in all, P26,000 were collected, all of which will go to the PBA Players’ Trust Fund. Kawhi Leonard, Clippers rally to beat Pelicans ‘I’m out!’: PewDiePie releases last video before taking break from YouTube McGregor blasts Cerrone in 40 seconds in UFC return Indian national gunned down in Camarines Sur Filipinos turn Taal Volcano ash, plastic trash into bricks PLAY LIST 01:40Filipinos turn Taal Volcano ash, plastic trash into bricks01:32Taal Volcano watch: Island fissures steaming, lake water receding02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite MOST READ LeBron James scores 31 points, Lakers beat Rockets OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson Don’t miss out on the latest news and information. Neymar pledges glory for PSG View comments