University announces Sister Norma Pimentel as 2018 Laetare Medal recipient

first_imgEditor’s note: A version of this story appeared in the print edition of The Observer on March 20.Notre Dame will award Sister Norma Pimentel — head of the Catholic Charities of the Rio Grande Valley — the 2018 Laetare Medal, the University announced in a press releaseSunday.Each year, Notre Dame awards the Laetare Medal to an American Catholic “whose genius has ennobled the arts and sciences, illustrated the ideals of the Church and enriched the heritage of humanity.”According to the release, both of Pimentel’s parents immigrated from Mexico to the United States and she spent much of her childhood traveling between the two countries. After completing her final vows and entering the Missionaries of Jesus, she worked closely with immigrants, who were often brought to the sisters’ convent.Pimentel said this experience shaped her understanding of her faith in concrete ways.“Scripture comes to life and our faith becomes flesh,” she said in the release. “It is not until you find yourself in front of the face of the immigrant child or mother that you will understand this. It is a moment of realizing we are all one human family.”Since 2008, Pimentel has directed charitable programs for the Diocese of Brownsville, Texas, including “emergency food and shelter, housing assistance, clinical counseling and pregnancy care to all four counties in the Rio Grande Valley.”University President Fr. John Jenkins said Pimentel has lived out the call to recognize Christ in the marginalized through her work with refugees and migrants.“Jesus said, ‘when I was a stranger, you invited me in.’ Sister Norma Pimentel has given her life to welcoming Christ in the immigrant and refugee,” Jenkins said in the release. “In awarding her the Laetare Medal, Notre Dame celebrates her witness of seeking and generously serving Christ in the most vulnerable.”Pimentel said in the release that she was grateful to receive the 2018 Laetare Medal.“I am truly honored to receive this award,” she said. “This year’s Laetare Medal brings forth the cries of the suffering for the world to hear. I would like to thank the University of Notre Dame for this recognition and for being a voice for immigrants in our midst.”Pimentel will be awarded the medal on May 20 at commencement.Tags: 2018 Commencement, Commencement 2018, Immigration, Laetare Medal, Sister Norma Pimentellast_img read more

Germany’s aba questions legality of EIOPA stress tests [updated]

first_imgThe European Insurance and Occupational Pensions Authority (EIOPA) has no legal mandate to conduct its forthcoming stress tests for pension funds and should be challenged, according to Germany’s pension association (aba).Heribert Karch, chairman at the aba, questioned why EIOPA was still proceeding with the stress test, with a consultation due on 11 May, even after the European Commission gave repeated assurances that it would not attempt to introduce regulations akin to Solvency II “through the back door”.Speaking at the association’s annual conference in Berlin, Karch argued that the shadow of former internal markets commissioner Michel Barnier, who stepped down last December and was replaced by Jonathan Hill as commissioner for financial stability, still loomed large over the pensions industry.“EIOPA has no legal basis for the new phase of stress tests,” he told delegates. “And, if that is true, and we all know how counter-productive the introduction of [a holistic balance sheet] regulation would be, then maybe we should re-examine the evidence. “The European Commission’s thoughts have moved on, and EIOPA continues, with a mandate it granted itself, the job begun by commissioner Barnier.“Ladies and gentleman, how can this be true? I have to ask: How long will we continue to put up with this?”Karch added that he was in “intensive talks” with his Dutch colleagues about the matter and drafting a letter to the German Federal Finance Ministry that would be co-signed by the German employers association BDA.The Dutch Pensions Federation confirmed it was holding talks with the aba on the matter.EIOPA chairman Gabriel Bernardino has previously defended the stress tests, telling a conference organised by the UK’s National Association of Pension Funds that it would not copy the model applied to the insurance sector.At the time, he also emphasised that it was important for the regulator to assess how financial shocks are transmitted through the markets, something it cannot monitor at present.“We do not want to start the thinking with the opinion that big pension funds are systemically important – this is not our starting point,” Bernardino said.“We want to understand the market better and how the linkages are.”However, the European industry has taken a dim view of the project since it was confirmed last summer, warning of “new and unnecessary burdens” for pension funds.last_img read more

Lane lands career first IMCA Modified win at DCRP

first_imgBy Lonnie Wheatley DODGE CITY, Kan. (May 3) – Joel Lane scored his first career IMCA Xtreme Motor Sports Modified feature win Saturday at Dodge City Raceway Park.Lane took advantage of his pole starting position, outdueling Kevin Gray for the point in the early rounds and then holding off a late charge from Mike Petersilie over the closing rounds to secure the victory.Petersilie had battled through a pack of contenders before taking over second on the 14th round. He closed in on Lane and was nearly within striking distance as the white flag flew but Lane held strong on the final round for the victory.In IMCA SportMod action, Michael Shenberger made it two wins in as many DCRP visits this season by racing into the lead on the 10th round en route to victory lane in the 20-lapper. Shenberger reeled in Austin Walker and pounced on a lead he would never relinquish, ultimately taking the checkered flag ahead of defending track champion Jeff Kaup, who raced from 11th.Clay Money transferred from “B” action for the 27-car main event and then charged from 14th to finish third. Winner of the MARS vs. NCRA Late Model Border War was Ryan Gustin. Dan Rogers ruled the Thunder Car feature.last_img read more