Holiday celebrations will not end at midnight on New Year’s Eve in Ocean City. There are family friendly events planned throughout New Year’s Day — including a popular polar plunge known locally as the First Dip. The annual First Plunge is scheduled for 2 p.m. Jan. 1, 2016 at Ninth Street Beach.The annual 5k boardwalk run will start at 1 p.m. in front of the Music Pier. This year there will be computer chip timing. Runners and walkers can register online or print a paper application. The pre-registration fee is $20. The race day fee is $30. Tee shirts will be guaranteed to pre-registered runners and will be given out while supplies last on race day.The “First Dip in the Ocean of 2016” will take place at 2 p.m. on the beach in front of the Music Pier. Both those who jump in the ocean and those who watch are encouraged to donate to the HERO Campaign. The HERO Campaign promotes the use of designated sober drivers to prevent accidents related to driving under the influence of alcohol.There will be a “New Year’s Day Shopping Extravaganza” in the downtown area. Local shops will be open and have sales during the day.
David Davies, chair of the Nortel Pension Scheme’s trustee board, said: “We appreciate the efforts of the PPF in working towards this outcome and are grateful for the valuable protection the PPF has provided to scheme members during this time. The trustees will now get on with the difficult task of trying to buy out member benefits with insurance companies that we hope will secure higher than PPF levels of benefits.”The Nortel scheme has been in the PPF’s assessment period since its parent company filed for bankruptcy in 2009.The trustees of the UK Nortel Pension Scheme said in a statement that they were “delighted that a settlement of the long-running dispute over Nortel’s residual assets has finally been achieved”.Last October’s agreement was conditional on creditor support from the US and Canada as well as court approvals in the US, Canada, and several other jurisdictions including the UK.The trustees said all these requirements have now been fulfilled and the money could now start to flow.They said they had been pursuing claims on the Nortel assets for more than eight years, adding: “It has been an arduous and at times very bitter fight.”The settlement was based on “ground-breaking decisions” issued in May 2015 by the Delaware and Toronto Courts, the trustees said. These rulings held that creditors everywhere would share the residual assets pro rata according to their creditor claims, on an equal footing – the first time insolvency distributions had been ordered in that way.Multiple appeals were launched against those judgments, but were eventually rejected.Nortel Networks became insolvent in January 2009, with its European, US, and Canadian entities making simultaneous insolvency filings in London, Delaware, and Toronto. Nortel’s UK company had been sponsoring a large defined benefit pension scheme with more than 40,000 members, and a buyout deficit of more than £2bn at the time of the insolvency.Jonathon Land, head of PwC’s pensions credit advisory practice and adviser to Nortel’s trustees, said: “Nortel’s UK employees helped to generate these assets, and so it is welcome news that the cash will now start to flow from the central ‘lockbox’ to the different estates, and in turn to the ultimate creditors including these pensioners.” The UK pension scheme of the collapsed telecoms group Nortel could receive up to £1bn (€1.2bn), after a US court win put the fund on an equal footing with bondholders in the insolvency payout.The settlement could be enough to keep it out of the Pension Protection Fund (PPF).The two judges who have overseen the huge Nortel litigation – Judge Gross in the US and Justice Newbould in Canada – made orders in the last week at hearings in Delaware and Toronto permitting the core parties to implement a settlement that was reached in principle last October.The order allowed approximately $7bn (€6.4bn) of Nortel’s residual assets to be distributed to the group’s creditors worldwide.
Olympics TOKYO, Japan – With the coronavirus spreading like wildfire in Asia, there is a possibility that this summer’s Tokyo Olympics could be postponed.This according to Japan’s Olympic minister Seiko Hashimoto.In a response to a question in Japan’s parliament, she said Tokyo’s contract with the International Olympic Committee (IOC) “calls for the Games to be held within 2020”, adding that “could be interpreted as allowing a postponement”.The Games are scheduled to be held from July 24 to August 9 in Tokyo, but the outbreak of the virus could call for the games to be pushed to the end of 2020.“We are doing all we can to ensure that the Games go ahead as planned,” Hashimoto added.IOC president Thomas Bach said last week that the organisation is “fully committed” to hosting the event as scheduled. The IOC body is the only organization that currently has the authority to cancel the Olympics.Since the outbreak of the virus, a number of high-profile sporting events have already been cancelled or postponed, including the 2020 World Athletics Indoor Athletics Championships and the Chinese Grand Prix, which was scheduled for 19 April.The coronavirus, which originated in China, has spread to more than 60 countries and claimed more than 3,000 lives so far.
Mali play Nigeria in the first of two semi-final matches in the ongoing AFCON 2013 in South Africa.Mali are making their second successive semi-final appearance in the AFCON tournament and hope to book their final after 41 years since losing to Congo 3-2 in 1972.They must first see off a gritty Super Eagle side desperate for glory in the AFCON after series of shambolic appearances in the competition.The game is underway with Mali slightly ahead with two quick corners in the first 10 minutes.But it is the Super Eagles who have the greatest chance to open the Nigerian account but Emenike miscued a rebound from the Mali goal keeper and Victor Moses shoots wide.It is the Super Eagles who are up by a goal in the 25 minute courtesy Echiedike who headed from close range an immaculate cross from Victor Moses on the right. Ideyi increased the tally with another great connection to a superb cross on the right.It is Nigeria who are cruising to the final. But there is still more time for Mali to respond.It is now getting embarrassing for Mali as they are down by three goals to nil.A wicked deflection from a free-kick saw Mali goal keeper completely beaten.Back from recess and Nigeria are continuing from where they left off in the first half. It is four goals now thanks to Ahmed Mousa’s cool finish after breaching the Mali defence.Mousa again has his second goal ruled out for offside. It appears to be game over for Mali.Mali gets a consolation in the 70th minute courtesy Diarra and credit must go to Diabate who beat Enyeama and set Diarra up.Its all over. 4-1 victory for Nigeria. The Super Eagles are in the finals and they will be waiting for either Ghana or Burkina Faso.
ATLANTA — For the Dodgers, the book on Aaron Harang isn’t foreign lit. One chapter was written in Los Angeles in 2012, when Harang made 31 starts in his only season as a Dodger.The first pitch will most likely be a fastball, in the strike zone or at least hittable. It will probably zip in around 89 mph. Should you get on base, try to take advantage of the 6-foot-7 pitcher’s delivery. Harang’s motion out of the stretch has been cited as a primary factor in the ever-increasing length of baseball games.The Dodgers played Harang by the book Thursday, and it worked. They jumped on their former teammate for five runs in 4 1/3 innings in a 6-4 victory over the Braves at Turner Field.The win completed a 6-3 road trip through Anaheim (2-0), Milwaukee (1-2) and Atlanta (3-1). The Dodgers increased their divisional lead over second-place San Francisco from 2 1/2 games to 5 1/2, with the Giants set to play the Philadelphia Phillies later in the day. “I just know I need to bunt,” he said. “It’s part of my game. I needed to do it more.”Dodgers starter Roberto Hernandez (7-8) allowed three hits and one run in six innings. He’s allowed only two runs in two games since he was acquired from Philadelphia to take Josh Beckett’s place in the starting rotation.Though Hernandez struggled with control at times, walking four batters, the Dodgers never trailed. Still, the veteran right-hander needed some help to earn his first win since the trade.Atlanta pushed across three runs in the eighth inning against Dodgers reliever Brian Wilson, turning a 5-1 snoozer into a 5-4 nailbiter.With two runs already in, Mattingly pulled Wilson with a runner on third base and summoned closer Kenley Jansen to record a rare four-out save. Jansen promptly allowed an RBI single to fellow Curacao native Andrelton Simmons, bringing the Braves within 5-4, then fell behind Evan Gattis 3-0. “Today wasn’t an easy day,” Jansen said. “I feel like I didn’t have my stuff.”Jansen came back to strike out Gattis to end the eighth inning. After putting runners on second and third in the ninth inning, Jansen struck out B.J. Upton — an injury replacement for his brother, Justin — to end the game. Jansen picked up his 34th save.The velocity on his cut fastball was down a bit, sitting in the low-90s instead of his usual mid-90s range, but Jansen battled through.“I was crossing my body a little too much, that’s why the velo was down,” he said.The Dodgers host the Brewers for three games beginning Friday. All three opponents on the trip were above .500 at the beginning of each series; the Angels and Brewers were in playoff position.“A lot of times our front office will tell us the next so many games we have are against teams above .500,” manager Don Mattingly said, “but you have to continually walk down the road. I look at it like, they’re the teams that have to deal with us.”The Dodgers found a nearly fail-proof formula for victory Thursday. Their top three hitters — Dee Gordon (3-for-4, walk), Yasiel Puig (3-for-4) and Adrian Gonzalez (3-for-5) — reached base 10 times.Gordon scored a career-high four runs and Gonzalez drove him in three times. Drew Butera chipped in with his third home run of the season, a two-run shot off Harang in the second inning. The Dodgers never trailed.Gordon and Puig both bunted for singles. Harang’s slow delivery gave Gordon a relatively easy path to two stolen bases, giving him a major-league leading 54 for the season. But he was more proud of the walk, his first since July 22, and the bunt. Newsroom GuidelinesNews TipsContact UsReport an Error