Security guard stabbed by sweet thief

first_imgLinkedin Facebook WhatsApp THE stabbing of a shopping centre security guard in the leg, yards from a garda station, over “some jelly babies and a chocolate bar”, has resulted in a teenager being jailed for two and half years.Sign up for the weekly Limerick Post newsletter Sign Up Ryan Kelly, 19, of no fixed abode but originally from Limerick City stole the confectionary from the Roxboro Road Shopping centre on April 5 this year.He was caught by security staff trying to leave the shop without paying. As he was being restrained, he pulled a knife and stabbed the security guard in the thigh.Gardai were called to the scene after Kelly fled and they found the security guard, wounded and leaning against a blood soaked wall.Prosecution Counsel John O’Sullivan said it was only then that the guard realised he had been “stabbed in a most sneaky and underhand way.” The victim, who is in his 30s, has recovered physically but is still quite scarred mentally.At Limerick Circuit Court last week, Kelly pleaded guilty to assault causing harm of the security guard.The court was told of Kelly’s difficult family upbringing and his bi-polar condition for which he was receiving medical treatment.Taking this into account, Judge Moran said that he would suspend a portion of a prison sentence but it was a source of considerable worry that the serious stabbing arose over some jelly babies and a chocolate bar and that Kelly confessed he always carried a knife.He imposed a four year prison sentence but suspended the last 18 months. Twitter Emailcenter_img Advertisement NewsSecurity guard stabbed by sweet thiefBy Staff Reporter – December 27, 2013 1778 Print Previous article€1million international drugs trail led to Limerick cottageNext articleOvernight fire at Limerick Prison contained Staff Reporterhttp://www.limerickpost.ielast_img read more

​’Best times’ over for alternatives, warns chair of Nokia-Siemens fund

first_imgOn the same panel, Hubertus Theile-Ochel, managing partner at Munich-based alternatives boutique Golding Capital Partners, urged investors to make alternatives part of their strategic asset allocation, “even if it is just a small allocation to start their learning process”.He urged a change in the way fees were charged when investing in alternatives, suggesting fees based on actual invested capital rather than on committed capital were the solution.However, Marcus Klug, CIO at Austria’s Bundespensionskasse, the pension fund for civil servants, pointed out he was “looking at alternatives much more opportunistically”, rather than allocating a fixed sum annually.“We are waiting for the right investment to [come along]”, he noted, adding that alternatives were a “very broad area which cannot be thrown into one basket”.Currently, the €700m Bundespensionskasse, mandatory for most civil servants who started work after 1999, has a 12% share of alternatives.Dietmar Lehmann, CIO at Germany’s €3bn VolkswagenStiftung, which is run independently of the carmaker, told delegates he was “rather sobered and disillusioned by active management”.He explained his dissatisfaction by saying: “There is always one excuse or another why the strategies did not work in the end.”He added that a renewed attempt by the foundation employing active management in the small-caps segment was failing, even after a change of manager.Lehmann said: “We have swapped the manager after three years, but the new one is also not living up to expectations a year after hiring.” Pension investors must accept that risks within the alternatives space are no longer being adequately compensated, but should nevertheless continue to invest in such asset classes, according to the chairman of the board at Germany NSN Pension Trust.Speaking at an event for institutional investors in Vienna last week, Thomas Friese said the “bitter pill” of lower returns needed to be swallowed.“Also, in the alternatives space, the best times are behind us,” Friese added, but nevertheless stressing it remained “important to be invested in this segment”, even where investors were not being adequately compensated for the associated risks.At the end of 2015, NSN Pension Trust, the former pension fund for Nokia-Siemens Networks and now responsible for pensions for Nokia’s German staff, had allocated approximately 20% of its €1bn in assets to alternative investments.last_img read more

Bacolod eyes taskforce vs coronavirus

first_imgBACOLOD City – Mayor Evelio Leonardiais considering the creation of a body that will oversee and undertakebiosecurity measures against the entry of the novel coronavirus into the city. The Civil Aviation Authority of thePhilippines said security measures especially in Kalibo International Airport,which has direct flights from Wuhan. The Department of Health in WesternVisayas confirmed that this city has nothing to be alarmed of in relation tocoronavirus, as there were no reported cases. On Wednesday, the SangguniangPanlungsod passed a resolution enjoining the CHO and the City Disaster RiskReduction Management Office to take necessary assessment and precaution in thelight of suspected presence of coronavirus in the City of Cebu which wasdiscovered on Jan. 21. Airports across the country alsointensified defenses against the new coronavirus, with thermal scanners toincrease their surveillance on passengers coming in. The World HealthOrganization said that this particular strain of coronavirus has not beenpreviously identified in humans and the severity of the infection it causes isstill being studied.center_img On Thursday, the Chinese governmenthad put Wuhan on lockdown morning, barring all forms of transportation in andout of the city south of Beijing. (With areport from CNN/PN) Fever, difficulty in breathing, cough,and cold are among the symptoms of this virus. “If it is necessary, we can form one,”said Leonardia, adding that the City Health Office (CHO) has already ramped upprecautionary measures to block the possible spread of the virusoriginating from Wuhan City, China where 17 people died and 500 others wereinfected so far. The death toll from the novelcoronavirus called 2019-nCov has risen to 17, as over 500 more cases werereported across China, the United States, South Korea, Thailand, Japan, Macaoand Taiwan, sparking fears of a possible pandemic,last_img read more