300 people run Fr. Ted’s 5K

first_imgMore than 300 students, faculty and South Bend citizens laced up their tennis shoes and stretched their legs yesterday morning in preparation for the seventh annual Fr. Ted’s 10K. Melissa Lindley, the race director, said the TRiO Upward Bound Program put on the race. TRiO is a scholarship program at Notre Dame for low-income and first-generation college-bound youth. According to the TRiO website, participants could run a 5K or 10K, decide to do the family fun walk or “fitness” walk. All donations from the race supported TRiO’s students, Lindley said. “Fr. Ted’s 10K is more than just a run … it is an investment in our community,” Lindley said.  “I think it’s unique as well because our students are involved in the event, so the runners can see who they are there supporting. Most of us call Notre Dame and South Bend home, and this race funds scholarships for South Bend youth to go to college. These kids are the future of our community.”Sophomore Olivia Fernandes said she ran the race for the second time this year because she loves the cause. “The proceeds go to TRiO Upward Bound in South Bend … I volunteer at a local elementary school here in South Bend, and equality of education is important to me, so the cause really resonates,” Fernandes said. Lindley said University President Emeritus Fr. Theodore Hesburgh brought TRiO programs to Notre Dame in the 1960s as a part of his fight against poverty. She said he used to come speak at the event, but as years have passed he now tapes a video for the participants. She said the race was, however, still well attended and enjoyed.  Fernandes said despite bad weather, the race turned out well. “The trail consists of two three-mile laps around campus. The best part of the race is by far the supporters all along the way,” Fernandes said. “It was quite windy, but the high school students’ enthusiasm rocked. Their inspirational signs got me going, and the bagpipes player was legit. Hard not to smile at all the support.” “We were very satisfied with this year’s event … with 300 pre-registered participants and some great personal and corporate sponsorships, we will be able to fund our student scholarships, and that is the number one priority,” Lindley said. “A big thank you to Notre Dame students who consistently come out and support Fr. Ted’s 10K.”Tags: 5K, Hesburgh, runlast_img read more

Finnair warns of higher pension costs without deal with pilots

first_imgAirline Finnair has warned it faces a €30m increase in pension costs if it is unable to agree a new pension package with its pilots.The Finnish flag carrier said its current pension arrangements were more generous than the statutory minimum, which the government is set to reform as part of an increase to the minimum retirement age.Finnair’s pension arrangements, covered by its collective bargaining agreements, offer a defined benefit arrangement for long-serving pilots, while newer employees are only offered a defined contribution fund.If the government’s current draft bill passed without the airline agreeing any changes, Finnair said it would be liable for additional costs associated with the reform. “Consequently, its pension obligations would increase by a total of approximately €30m,” Finnair said in a statement on the Helsinki Stock Exchange.The airline said its pilots currently retired at an age of 58, well below the current statutory retirement age of 63, or the proposed new retirement age of 65 – agreed after negotiations between social partners in 2014.The company added: “Finnair is actively exploring ways to mitigate the impact of implementing the pension reform, which was agreed by the Finnish labour market organisations, without incurring undue extra costs to the company.”last_img read more

OneSubsea Bags Subsea Compression Deal for Ormen Lange

first_imgOneSubsea, a division of Schlumberger, has secured an engineering, procurement, construction and installation (EPCI) frame agreement from A/S Norske Shell to supply a subsea multiphase compression system for the Ormen Lange field in the Norwegian Sea.Through the EPCI contract, OneSubsea and its Subsea Integration Alliance partner Subsea 7 will supply and install a subsea multiphase compression system that uses the industry’s only subsea multiphase compression technology.OneSubsea will, in the first phase of the project, do the engineering and design of the complete system. Following the final investment decision by the license group, the complete scope of the EPCI will be executed.The compression system will be powered and controlled from the Nyhamna onshore gas processing plant, which is 120 km from the subsea location. This tieback distance is also a world record for transmitting variable speed power from an onshore facility to equipment on the seabed, the company said.The system will be installed at 850 m of water depth and comprises two 16-MW subsea compression stations tied into existing manifolds and pipelines.“Our subsea multiphase compression system is a robust, compact and cost-efficient solution that will help Shell unlock the full potential of the Ormen Lange field. Our unique wet gas compression technology can also help customers lower their carbon footprint,” said Don Sweet, president OneSubsea.last_img read more