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EC adopts rules to strengthen regulation of commodities markets

first_imgJames Langton “Today’s rules will contribute to better functioning commodities markets that work for the real economy while helping to deal with some of the problems we saw in the financial crisis,” said Valdis Dombrovskis, vice president for financial stability, financial services and capital markets union, EC, in a statement. “We have listened to the concerns raised by the European Parliament and provided for stricter position limit standards whilst at the same time seeking to avoid unintended consequences,” Dombrovskis added. Facebook LinkedIn Twitter Share this article and your comments with peers on social media Keywords Commodities CFTC approves proposed rule providing an alternative to fingerprinting for foreign nationalscenter_img The European Commission (EC) on Thursday announced measures designed to strengthen the regulation of commodities markets, curtail price speculation, and to ensure that firms that are active in these markets are regulated appropriately. The new rules, which will take effect in January 2018, include new regulatory standards for determining “position limits,” and measures to regulate large, non-financial firms that trade a large amount of commodity derivatives (such as energy and agricultural firms) under the same rules as financial firms. IOSCO details best practices for commodity storage Related news IOSCO seeks feedback on proposed good practices for commodities storage and deliverylast_img read more

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More than 12,000 Boy Scout members were victims of sexual abuse, expert says

first_imgAmyKerk/iStock(NEW YORK) — An expert who has been working with the Boy Scouts revealed that there may have been as many as 7,819 sexually abusive troop leaders and volunteers in the storied organization, according to newly released court documents.More than 7,800 individuals allegedly abused 12,254 victims, according to the court testimony.These figures were released Tuesday by attorney Jeff Anderson, whose firm regularly represents victims of sexual abuse and has been involved in numerous clerical sexual abuse cases.The new testimony was entered into the court record as part of a January trial about child sex abuse at a Minnesota children’s theater company.One of the expert witnesses who testified was Dr. Janet Warren, who is a professor in the Department of Psychiatry & Neurobehavioral Sciences at the University of Virginia’s medical school.Warren testified that she has been “on private contract” with the Boy Scouts of America for the past five years, evaluating its handling of sexual abuse within the organization from 1944 through 2016.Warren testified that she and her team worked with the group’s ineligible volunteer files, which have sometimes been referred to as perversion files.In her January court appearance, Warren said that she and her team have coded through all of those files, determining that there were “7,819 perpetrators who they believe were involved in sexually abusing a child.”“From reviewing all these files, we identified 12,254 victims,” Warren said.Anderson publicly released those numbers at a news conference in New York Tuesday, saying 130 of those perpetrators are in New York and could face legal repercussions. In August, the state’s Child Victims Act, passed earlier this year, will allow a one-year period for any and all claims of sexual abuse from any time period to be brought forth in spite of existing statutes of limitations.“The disclosure made by Dr. Janet Warren really sounded the alarm to us,” Anderson said.The Boy Scouts of America released a statement after the disclosure, expressing sympathy for the victims and noting the work the organization has done to protect children.“We care deeply about all victims of child abuse and sincerely apologize to anyone who was harmed during their time in Scouting. We believe victims, we support them, and we have paid for unlimited counseling by a provider of their choice,” the organization said in a statement to ABC News. “Nothing is more important than the safety and protection of children in Scouting and we are outraged that there have been times when individuals took advantage of our programs to abuse innocent children.”The organization confirmed it has maintained the Volunteer Screening Database since the 1920s and “at no time have we ever knowingly allowed a perpetrator to work with youth, and we mandate that all leaders, volunteers and staff members nationwide immediately report any abuse allegation to law enforcement.”In the statement, officials also confirmed that Warren has worked with the Boy Scouts of America since 2013 to conduct ongoing research about the database and provide recommendations for improvement.The existence of the abuse database is not new but the scope of the abuse is. In 2012, more than 14,000 pages of documents relating to abuse by 1,247 scout leaders was released in connection to a case in Oregon. That same year, The Los Angeles Times created a database detailing about 5,000 men and a small number of women tied to the Boy Scouts who were expelled in connection to sexual abuse.Warren’s number shows a significant jump in that number and Anderson is calling for the Boy Scouts of America to make the list public.“This is information that the Boy Scouts has and has had for several years… [and is still] keeping secret today,” Anderson said.Copyright © 2019, ABC Radio. All rights reserved.last_img read more

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Bat Out of Hell Star Andrew Polec on Meeting Meat Loaf, His Signature Hair & How a Bike Crash Changed Everything

first_img Bat Out of Hell: The Musical Andrew Polec in Bat Out of Hell (Photo: Little Fang) Star Files Bat Out of Hell is a unique theatrical experience that Polec believes combines some of the best music into one night. “It is an absolutely crazy, operatic, rock-and-roll love story,” he said. “It’s almost as if Peter Pan and Romeo and Juliet got together and had this rock-and-roll love child and that’s what has been birthed on stage. It’s a beautiful birth. Jim Steinman has had this idea for forty-plus years and he sent all the music to the J.M. Barrie estate. The lawyer looked at the script and was like, ‘I really love it, but you lost me at this part where there are nuns flying on motorcycles.’ It’s been a labor of love and to see it culminate finally in this version is absolutely amazing.”For Polec, one of the most nerve-wracking moments has been meeting Meat Loaf himself. “Meat Loaf is thrilled [with the show],” he said. “He came to the Wednesday matinee and asked to see it again that evening. I called him Mr. Loaf but he said he prefers to just go by Meat. They warned me that he’s a really cool guy and he’s either going to like you right away, or, maybe, he won’t. I needed to absolutely make sure that he likes me. As soon as I got into the car with him I was like, ‘You are such a big inspiration in my life. You’re my rock-and-roll hero.’ He put up his hand, as if to calm me down, and said, ‘I’m just a regular, ordinary guy who loves performing these songs and giving them as gifts to the audience.’ He’s even cooler than I thought.” Andrew Polec just won’t quit. After playing the role of Strat in Bat Out of Hell in the West End and on tour, he has officially brought the Jim Steinman-Meat Loaf musical to New York City. “It’s a dream come true and wildly, wildly amazing,” Polec told Ryan Lee Gilbert in a recent episode of Broadway.com’s #LiveAtFive. “I came into this really ignorant. Like, oh yeah you do a workshop and of course we’ll find a theater right away and everything will be coming up roses. Then there was silence and I thought I did something wrong. Then I did The Fantasticks for ten months, which was wonderful and it a 180-degree turn of a character.” Andrew Polec After playing the role of Strat for so long, it can be difficult to know where the character ends and Polec begins, especially because of his signature hairstyle. “When you’ve lived with a character for a while, you seem to start to mix together,” he said. “One thing leads to another and all of a sudden they put all of these hair products in front of you and you want to use all of them and see what happens. A lot of love and magic goes into it. I can’t live without this look now.”For someone who has spent a majority of his professional career commanding a stage, it’s surprising to learn that musical theater wasn’t Polec’s passion growing up. “I played lacrosse and hoped I would get a scholarship,” he said. “All that changed one summer when I was riding a bicycle down a hill really fast. I saw a car at the end of a blind turn, hit the brakes, and just went flying and blacked out. After being in the head-trauma unit for five days, the doctors said I couldn’t do contact sports anymore. Seeing that I was down, my parents pushed me into other areas of interest. One day my dad played me ‘Paradise’ by the Dashboard Light and that’s all it took. That’s the dose of medicine that will carry you all the way through doing this kind of musical.”Catch Polec in Bat Out of Hell, playing New York City Center.Watch the full #LiveAtFive episode below!center_img Andrew Polec (Photo: Emilio Madrid-Kuser for Broadway.com)  Video Player is loading.Play VideoPlayMuteCurrent Time 0:00/Duration 27:07Loaded: 0.00%00:00Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -27:07 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedEnglishAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button. Related Shows View Comments Show Closed This production ended its run on Sept. 8, 2019last_img read more

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INSIDE AFCON 2019: Senegal Seal Final Spot Following Extra-Time Victory Over Tunisia

first_imgA bizarre own goal in extra time handed Senegal a 1-0 victory over Tunisia in the drama-filled first of Sunday’s 2019 Africa Cup of Nations semi-finals, with a place against either Algeria or Nigeria in Friday’s final.Both sides had penalties saved in normal time before Tunisia defender Dylan Bronn inadvertently headed the only goal of the game into his own net.A horrific mistake by goalkeeper Moez Hassen in the 100th minute saw the ball bounce off the head of defender Dylan Bronn and into the net for the only goal of a game in which both teams had second-half penalties saved.Hassen came flying off his goal-line to try to cut off a freekick from the right flank but completely missed the ball which then hit the unfortunate Bronn on the head.Senegal, who were runners-up 17 years ago, are seeking their first Cup of Nations title. Relatedlast_img read more