Star Files View Comments It’s the most wonderful time of the year: when Broadway stars fill the streets of New York singing Christmas carols and raid the Steinway & Sons on Sixth Ave. Tony nominee Laura Bell Bundy joined forces with her Broadway buddies Eden Espinosa and The Book of Mormon’s Gavin Creel for a special holiday edition of Broadway Bus Stop. The three stars ice skate, guzzle Starbucks and somehow manage to seamlessly weave through Midtown during the holiday season (a Christmas miracle), all while singing “Carol of the Bells.” Take a look below, and check out more from Bundy on her new YouTube channel Skitsofrenic! Gavin Creel
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Peter Thompson, chair of the trustee board, said the deal was a positive step in managing the scheme’s liabilities, and improved security of benefits for all members.The trustee was advised on the deal by Mercer, with legal counsel provided by Scottish law-firm Shepherd and Wedderburn. Hymans Robertson acted as actuarial advisers.Head of longevity swap consulting at Mercer, Andrew Ward, said reinsurance firms were the end destination of longevity risk with the deal showing a range of interest from the reinsurance market.“As a result, it was ultimately possible to remove the risk at below the level of the current funding assumptions thereby achieving the holy grail of reducing both risk and deficit,” he said.The SPPS deal kicks off 2015’s market as the last year saw a record breaking £25.4bn of longevity swap deals, led by the £16bn transfer between the BT Pension Scheme and Prudential Insurance Company of America (PICA).Legal & General today published research demonstrating growing demand from longevity swaps and bulk annuities among the UK’s largest pension funds.In other news, the Pension Protection Fund (PPF) has published its latest data on UK scheme deficits showing the worst funding level in history.Deficits among the 6,057 schemes in the PPF 7800 Index, calculated on its ability to provide PPF-level benefits (s179), hit £367.5bn at the end of January.This was a rise of £101.2bn in a single month as funding levels fell to 77.6%, a drop of 4.7 percentage points.Over 12 months, deficit levels have risen over 600% as discount rates calculating liabilities continued to be squeezed by falling government and corporate bond yields.Liabilities among the schemes now reached £1.6trn, rising over £144bn in January and exceeding asset returns of 3%.The yield on 15-year Gilts fell 41 basis points over the month of January – which the PPF said act as the main driver of funding levels.Over 2014, increased pressure on bond markets saw yields dramatically fall in the latter half, further causing pressure on the funding in UK pension funds. The ScottishPower Pension Scheme (SPPS) has announced a £2bn (€2.7bn) longevity swap arrangement with Abbey Life Assurance, as insurance risk-reduction products continue in popularity.UK pension funds now have a total value of longevity swaps in excess of £50bn in just over five years since the first deal in 2009.SPPS’ longevity swap, which acts as an insurance policy against the risk of pensioners living longer than expected, will cover 9,000 pensioner members as Abbey Life, a wholly owned subsidiary of Deutche Bank, takes on the risk. The scheme, which had £2.8bn in assets at the end of 2013, estimated the average male SPPS worker would live to be 88 years old, while female employees had an average life expectancy of 89.9 years.
The State Pension Fund of Finland (VER) made a 6.6% return on its investments last year, with equities outweighing fixed income investments for the first time in its history.The return generated by the pension fund – which acts as a buffer for the government’s staff pension liabilities – was in line with the 6.7% profit posted the year before.However, in real terms, VER said its investments made 6% last year, up from 5.6% in 2016.VER’s chief executive Timo Viherkenttä said: “The operating environment developed favourably in 2017, particularly the equity market. An additional factor that contributed to VER’s exceptionally high risk-adjusted return on investments was low market volatility.” Unlisted equities provided the highest return last year, making 23.6%. Private equity funds generated 16.1%, while listed equities gained 11%. Investments in infrastructure funds made 14.8%.Liquid fixed-income instruments returned 2%. Helsinki, Finland“For the first time in VER’s history, equities accounted for a clearly greater percentage of investments than fixed-income instruments,” the pension fund said in its annual results statement.Fixed income accounted for 40.3% of the overall portfolio at the end of December, and equities made up 47.5% of the pot. This compares with the year-end 2016 allocation, when the proportions were 46% and 45% respectively.Total assets grew to €19.6bn by the end of 2017, from €18.8bn a year before.Viherkenttä said VER’s role in balancing out the state’s pension expenditure was growing from year to year. In 2017, the fund received around €1.4bn in pension contribution income but transferred some €1.8bn to the government budget.Keva prepares for ‘less rosy’ market conditions as cashflow turns negativeFinland’s largest pension fund reported a 7.7% return on its investments in 2017 and an increase in the market value of assets to €51.9bn, from €48.5bn.Ari Huotari, CIO of Keva, said: “Our investment performance both for 2017 and for a pension investor for significantly longer periods is good, especially taking into account our moderate risk level.“In our investment operations, we are also prepared to face up to capital market development not continuing to be as rosy as we have become accustomed to since the financial crisis.”The top performing asset classes for Keva last year were directly held listed equities, with a 14.5% return, and equity funds, which produced 12.7%.Real estate made 7.9%, hedge funds made 5.7% and fixed income investments produced a 1.8% return.The pension fund, which backs local government pensions, said 2017 marked the first time that the contribution income it received was lower than the amount of pensions it paid out.“This difference will grow quite quickly in coming years,” Keva said.
Skandi BotafogoSubsidiaries of Norwegian shipping company DOF have been awarded vessel contracts by Nexen and Petrobras. DOF ASA said on Tuesday that its subsidiary, DOF UK Limited, won an 18-month contract from oil company Nexen for the Skandi Barra platform supplier. The contract is scheduled to start in April.The Skandi Barra is an MT 6000 MK II design platform supply vessel. The vessel joined the DOF fleet in 2005 and had been mostly working on contracts in the North Sea. The Skandi Barra is 85.7 meters long, 19.7 meters wide, and can accommodate 24 people.The second contract was awarded to Norskan Offshore for the Skandi Botafogo anchor handling tug and supply vessel (AHTS). The one-year contract for the vessel, estimated to start in early June, was awarded by Petrobras.Skandi Botafogo is an 80-meter-long, 18-meter-wide anchor handling tug supply vessel built in 2006. It is capable of accommodating 40 people.It is worth mentioning that DOF and its subsidiaries have recently won a handful of contracts. Namely, DOF won deals for the Skandi Foula, Skandi Rona, Skandi Feistein, and Skandi Saigon vessels as well as a deal with Nexen for the support of the COSLPioneer rig hook-up operations.Furthermore, DOF Subsea won contracts in the Atlantic region for the Skandi Neptune, Geosund, and Skandi Constructor vessels as well as a four-year global frame agreement for the provision of survey and positioning services on third-party vessels.Finally, Two DOF ASA subsidiaries won contracts for the Skandi Commander vessel and one ROV.Offshore Energy Today Staff
Image source: ManksviewWork to remove 44,000 tonnes of silt from Peel Marina is set to begin on Monday, 13 January.The first stage will see contractor Land and Water Services Limited (LAWS) construct a temporary draining pool in a field upstream from the marina, beyond the power station site.LAWS will be on site from next week and, following the construction of the pool, will start dredging in early March.The dredging process will involve using a long reach excavator on a floating barge, and the material will be transported 450 metres in purpose-designed trailers to the pool, which will be around 2.5 meters deep and measuring roughly 70m by 100m.Excess water will be drained back into the River Neb after satisfying environmental standards agreed with the Department of Environment, Food and Agriculture (DEFA).The material will be stored in the pool and drained over a number of months before being suitable for transportation.In previous plans, a proposal was made for the silt to be used for land remediation at the former Cross Vein Mine. This has now been revised, however, as the Department of Infrastructure is seeking to extend the range of materials that are deposited at the existing landfill facilities at Turkeylands Quarry, Malew.A planning application for the strategic waste facility is due to be submitted in early 2020 and will include details of the route to be used to transport material between Peel and Turkeylands.
Cannabis referendum: Four experts weigh up the pros and cons of legalising marijuanaNewsHub 9 August 2020Family First Comment: Do we listen to drug advocates who want to normalise all drugs…. or to medical professionals who are health and patient-focused? Pretty simply answer eh.Dr Kate Baddock – chair of the New Zealand Medical Association, a pan-professional medical organisation representing the interests of doctorsThe NZMA holds the position that the social, psychological, and physical harms of cannabis are real and relevant, and does not support the legalisation of cannabis based on those harms.The social harms of cannabis include particularly the reduction in academic performance in younger people so that they underachieve educationally, and amotivational syndromes that are seen with continued prolonged use, affecting adults’ ability and motivation to work. Cannabis also affects the ability to drive safely through psychomotor effects slowing coordination and reaction times and increasing the risk of accidents. Cannabis and driving can be a fatal combination.The psychological harms include impairment of thought processes, such as the organisation of complex information, short-term memory and executive processes. There is some evidence that these changes are not reversed on cessation of cannabis use, so cognitive function once lost cannot be regained.Other psychological impacts include changes in mood and paranoia, anxiety, or panic. The association with the development of psychosis is well-recognised, although the strength of the causal relationship has been widely debated. There is also the risk of cannabis dependence (CAD) which appears to be related to a blend of unique environmental and shared environmental characteristics, and genetic propensity.READ MORE: https://www.newshub.co.nz/home/politics/2020/08/cannabis-referendum-four-experts-weigh-up-the-pros-and-cons-of-legalising-marijuana.html
Officers of the Binalbagan municipalpolice station conducted a manhunt operation against Frank, who fled after theincident./PN The 44-year-old resident Bernardo Reginosustained hack wounds on the neck and left arm, police said. Bernardo was rushed to the BinalbaganInfirmary for medical treatment. BACOLOD City – For warning his nephewabout curfew, a man was hacked in Barangay Bi-ao, Binalbagan, NegrosOccidental. This annoyed and prompted the latter tostab the former using a cane knife. According to police investigators,Bernardo warned Frank’s son not to roam around the village during curfew hoursaround 8:30 p.m. on March 28. Tagged suspect was Regino’s cousinFrank, 44, the police added.
RelatedPosts Tyson Fury to Anthony Joshua: Don’t risk fighting Usyk Anthony Joshua, Okolie plot world title double Anthony Joshua wants Tyson Fury, Wilder fight Anthony Joshua has confirmed he will step back into the ring in March to defend his heavyweight belts.The Brit became a two-time world champ after getting revenge on Andy Ruiz Jr on Saturday six months after his shock defeat.AJ, 30, is likely to fight any of mandatory challengers: Oleksandr Usyk and Bulgarian Kubrat Pulev.Keeping hold of all four of his belts could cause a problem for the Brit with Usyk mandatory for the WBO and Pulev for the IBF.Joshua told Sky Sports: “The work begins again because around March I’ll be defending those titles again.“I’m already focusing on my next fight.“Anyone can get it.“The resume shows that, but I’ll be keen to handle my mandatories because the current WBC champion is fighting with Tyson Fury so good luck to them both.“That’s another exciting fight for the division.“In the meantime, I’ll handle my mandatories that I’ll have to do or I want to vacate a belt and I’ve just worked hard to get them I don’t want to give them away.“I’m just going to go over all my steps, all my processes, knock them down one by one and when the big boys are ready, Britain’s here and waiting to become the next undisputed champion of the world.”March’s fight would come just a month after Fury’s highly-anticipated rematch against WBC title holder Wilder.WBO President Francisco Varcarcel has given AJ 180 days to negotiate a deal with Usyk with the deadline ending on June 4 or face giving up his belt.Usyk signed with Joshua’s promoter Eddie Hearn last year, meaning the super-fight can easily be made and one that will come with consequences should it not happen.Tags: Kubrat PulevOleksandr Usyk
“Both clubs have until 6pm on 4 November 2013 to respond to the charge.” A scuffle ensued at the end of the game after Norwich midfielder Leroy Fer put the ball in the net when Cardiff expected he would return the ball to them after an injury. “Both Norwich City and Cardiff City have been charged by the FA for failing to ensure their players conducted themselves in an orderly fashion. It follows an incident which occurred in or around the 94th minute of their fixture on Saturday October 26, 2013,” the statement said. Press Association Norwich and Cardiff have been charged with “failing to ensure their players conducted themselves in an orderly fashion” following the incidents at the end of last weekend’s goalless draw at Carrow Road, the Football Association confirmed.