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ROTC seniors to begin assignments

first_imgThirty-nine Reserve Officers’ Training Corps (ROTC) cadets will be commissioned as officers at the Tri-Military ceremony in the DeBartolo Performing Arts Center Saturday. The ceremony will take place at 9 a.m. and will be followed by a reception in the Pasquerilla Center. The Army will commission 12 2nd lieutenants, the Air Force, 12 and the Marine Corps, six. The Navy will commission nine ensigns.Senior Thomas Capretta, cadet battalion commander of the Army ROTC Fightin’ Irish Battalion, said the commissioning involves taking an oath and getting the rank of Second Lieutenant pinned on each cadet’s uniform. Maj. Gen. Philip Volpe will be the speaker at the ceremony. Volpe, a Notre Dame alumnus, has had a long career in Army medicine, and has received various awards for his service.After the ceremony, the students will officially be commissioned officers of the military.  “Most will have four-year commitments, but some will have longer if their training costs more,” Col. Dennis Mitchell, commanding officer of the Air Force ROTC Unit, said. “For example, three will be going to one year of pilot training and will spend at least 10 years in the Air Force after training.”The Navy also requires four years of active service, with aviators requiring up to eight years after they receive their qualification wings, Lt. William Fensterer, assistant professor of naval science, said. Fensterer said Navy cadets will go to different locations depending on their preferences. “We have some heading to Pilot Training, Surface Ships, Submarine Training, Marine Corps Basic School, one to SEAL Training and one to a Naval Medical Center,” he said. The commissioning ceremony honors every graduating cadet in the ROTC program, but each senior also has the opportunity to do a private commissioning ceremony with his or her family at the Grotto or the east door of the Basilica of the Sacred Heart.“These are done mostly on Friday, with a few done on Saturday. I will be doing my private commissioning ceremony at 8 a.m. on Saturday morning at the Grotto,” said Marina Rodriguez, a senior Army cadet.While most ROTC seniors will go directly into the service after graduation, Rodriguez will delay her service a few years to enter medical school.“I am actually in a slightly different situation than most of my peers. I received an education delay authorizing me to delay my service commitment in order to allow me to attend medical school starting in the fall,” Rodriguez said. “So, unlike my peers who will begin their branch training and transition to their assigned units this year, I will be attending University of Colorado Denver School of Medicine.”After finishing medical school, Rodriguez will be a captain in the U.S. Army Medical Corps. She will have an eight-year service obligation that must be completed at the end of her residency. “As of right now, I plan to make a career out of the Army and will likely serve at least 20 years,” she said.Rodriguez said the most rewarding part of the ROTC program has been the strong friendships she built over the four years.“My classmates and fellow members of the battalion are some of the best friends I could ever hope for,” she said. “I have grown a lot during my time in ROTC.”Capretta also said the program has influenced his personal development and overall experience at Notre Dame. “ROTC has been an integral part of my college experience. The cadre and recent alumni of the Fightin’ Irish Battalion have been great mentors to me, and have influenced me more than anyone else in the past four years,” Capretta said. “The cadets in program have become some of my best friends at Notre Dame.”As cadet battalion commander of the Army ROTC Fightin’ Irish Battaltion, Capretta was responsible for training the 87 cadets currently in the battalion. In November, Capretta will head to Ft. Benning, Ga. for infantry officer training. After completing his training, he will go to Ft. Carson, Colo. for his first permanent station.“I’m not sure how long I will be in the Army. I can see a career, a four-year stint and anything in between as being possible right now,” he said.Capretta said that after his four years of ROTC training, he feels ready to enter the Army. “Speaking for my classmates, I think we all feel very well prepared for our first assignments in the real Army. The ROTC program here has done a great job of pushing us to improve ourselves,” Capretta said. “It has also given us many leadership opportunities to hone those skills that we will need as officers.”Rodriguez agreed that she feels prepared to move on to the next step. “The instructors here have done an excellent job in preparing us to enter the Army and to serve as leaders of our various units,” she said. “Joining ROTC was one of the best decisions I made during my time here at Notre Dame.”last_img read more

​IPE Conference: Danish pension funds must get real and adjust expectations, says central bank chief

first_imgDenmark’s central bank chief issued a stark warning to the country’s pension sector today, saying scheme design and public policy must be changed to take account of the current challenging environment.Lars Rohde, governor of Danmarks Nationalbank told an audience at the IPE Conference and Awards 2019 in Copenhagen: “Pension scheme design and public policy need to support and incentivise the transition to a more sustainable balance between paying more, working longer, and accepting lower pension income.“Kicking the can down the road will only postpone and aggravate the challenges which need to be addressed,” he said.Institutional investors and the pension system were now being challenged by lower interest rates, and this was further compounded by the weak outlook for growth, as well as demographic developments, he said. Rohde said there was no substitute in the period ahead for acknowledging the conditions faced today, increasing transparency about implications for pension plans, and finally, adjusting expectations and behaviour accordingly.More and more pension plans were recognising the impact of the low-rate environment and adjusting expected return assumptions, he said, with Council for Pension Projections in Denmark having recently cut assumptions over a 10-year horizon for eight out of 10 asset classes.By reducing the stock of defined benefit plans, pension funds had transferred a large share of the risk from the low-yield environment to present and future pensioners, he said, but added that this assumed individual savers were well-placed to make informed investment decisions.Pension savers would ultimately face the unpopular choices of pay more now, work longer, or spend less later, he said. Lars Rohde, Danmarks Nationalbank governorSince it was not clear that future pensions would accept lower benefits, even though they were currently taking on more risk, Rohde warned: “The government – and ultimately taxpayers – may end up as ‘pension providers of last resort’.”Detailing the investment challenges for pension funds, he said it was clear schemes would not be able to meet obligations to retirees solely based on investment returns from bonds.On the other hand, he said there were many risks inherent in increasing exposure to alternative and less liquid assets to boost returns, including that many of these assets were untraded – making it hard to estimate expected return and price risks correctly.“To put it bluntly, if my pension is invested in long-term illiquid assets, I would prefer my pension company to be run by a younger CEO,” he said.“That way, I would be able to hold him or her accountable for how these investments pan out – avoiding moral hazard problems.”A larger share of illiquid assets also ramped up liquidity risks, he said, noting that from 2023, pension providers would need even more liquidity when the requirement for central clearing of interest rate swaps and other derivatives was introduced.“Setting aside more liquid assets to cover liquidity risks also means fewer funds available to invest counter-cyclically. Pension funds will then have less flexibility to buy assets traded at distressed price levels,” he said.He added that this could be “unfortunate” from a systemic perspective, if pension funds were less able to play a stabilising role in periods of market stress.last_img read more

Javier Hernandez joins LA Galaxy from Sevilla

first_img The MLS club agreed a fee of around £7m with Sevilla for the 31-year old. “I’m arriving with the best club in MLS, so I’m very excited about this. I’m simply ready to finally put the shirt on,” Hernandez said.“I want to achieve a lot of things with the LA Galaxy because that’s what prove and show. I signed with this club for [four seasons] so imagine four more stars on this badge. It’ll be awesome.”Hernandez left West Ham for Sevilla last summer but has struggled for regular playing time under Julen Lopetegui. Javier Hernandez has completed his move from Sevilla to LA Galaxy.Advertisement He has been limited to one goal in nine La Liga appearances so far this season and has made only two appearances since November 2.Hernandez, who is Mexico’s all-time leading scorer with 52 goals, will help fill the void up front for LA Galaxy left by Zlatan Ibrahimovic, who left the club for AC Milan following the expiration of his contract in December.LA Galaxy president Chris Klein said: “The LA Galaxy continue to pursue top talent across the world that will improve our team.“Javier is one of most successful players in our region and an iconic figure in this community. Read Also: Chelsea vs Arsenal: James doubtful for London derby“The LA Galaxy have represented Los Angeles and have been the benchmark in Major League Soccer since 1996, and our pursuit of the world’s best players for our club will continue to play a part in our success.“We are excited to add Javier to our club and look forward to him representing the LA Galaxy in our stadium and in the Los Angeles community.”The new MLS season kicks off at the end of February.FacebookTwitterWhatsAppEmail分享 Loading… Promoted ContentWho Is The Most Powerful Woman On Earth?What Are The Most Delicious Foods Out There?A Guy Turns Gray Walls And Simple Bricks Into Works Of Art7 Ways To Understand Your Girlfriend Better18 Beautiful Cities That Are Tourist MagnetsThe 10 Best Secondary Education Systems In The WorldWho’s The Best Car Manufacturer Of All Time?The Very Last Bitcoin Will Be Mined Around 2140. Read MoreBirds Enjoy Living In A Gallery Space Created For ThemThe Network’s Greatest Shows On HBO6 Best 90’s Action Movies From Your ChildhoodWhat Are The Chances Of An Apocalypse Happening This Century?last_img read more