A daily springboard?

Posted On Dec 18 2020 by

first_img 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr I just didn’t get it.My mother always bugged me about making my bed when I was young.It didn’t make sense.I was just going to mess it up again, wasn’t I? You’ve heard the saying…The older I get, the smarter my parents become. Well, it is true.I’m a semi-convert to making my bed now. I can’t control the world, but I can control my patch. And that patch will be neat.Why the talk of beds? There has been a recent rash of articles about the benefits of making your bed. Here’s one that was published in May of this year.  It gathers a number of reasons why making your bed is a good idea.Frame of mind. You may recall that I wrote about a commencement speaker last May who urged graduates to make their bed.Every morning in basic SEAL training, my instructors, who at the time were all Vietnam veterans, would show up in my barracks room and the first thing they would inspect was your bed. continue reading »last_img read more

UK roundup: ScottishPower Pension Scheme, Abbey Life, PPF, deficits

Posted On Sep 29 2020 by

first_imgPeter 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.last_img read more

Lady Bulldog Varsity & JV Hoops Results

Posted On Sep 23 2020 by

first_imgThe Batesville Lady Bulldogs went 1-2 over the Christmas break. Batesville defeated Connersville by a score of 64-47. Four players scored in double figures for the Lady Bulldogs. Ashley Nobbe led the way with 18 points followed by Carlie Werner with 15. Makayla Granger was third on the team with 12 points, while Catherine Raab added 11.One day later, the Lady Bulldogs suffered losses to Franklin (58-40) and Terre Haute North (61-52).Courtesy of Bulldogs Coach Bryan Helvie.The Batesville JV Ladies had 3 games over Christmas break. On Friday the 27th, The Bulldogs defeated Connersville 45-18.  Great defense caused many turnovers that led to great shots.  Capitalizing on those shots led to our 2nd highest point total of the season.  Scoring:  Emma Weiler 8, Carley Pride and Calley Kaiser 7.  Three girls Sarah Ripperger, Makayla Granger- Young, and Ava Hanson scored 6.  Cora Deputy 2, Gabby Elston 2. Rounding out the scoring Lizzy Nobbe 1.  Saturday the 28th the Lady Bulldogs traveled to Franklin to play in a Holiday Tournament. In the first game against Franklin Community, the Bulldogs got off to a good start leading at halftime by 5.  Unfortunately, we struggled to find the bottom of the net the second half and fell 47-33. Scoring for the Bulldogs:  Sarah Riperger 12, Emma Weiler 7 Calley Kaiser 5, Ava Hanson 4, Gabby Elton 3, Carley Pride 2.   In the second contest, the JV Lady Bulldogs were defeated by a talented Terre Haute North Team 49-33.   Scoring: Calley Kaiser and Carley Pride 7, Emma Weiler and Sarah Ripperger 6, Ava Hanson 4, Olivia Raab 2, and Lizzy Nobbe 1. The Bulldogs will look to get back on track this week as we play in the Ripley County Tourney Thursday against South Ripley.  Go Dogs!!!   Courtesy of Bulldogs Coach Clint Pridelast_img read more

Fort Lauderdale Challenges Broward County’s Order to Keep Gyms Closed

Posted On Sep 20 2020 by

first_imgA showdown appears to be imminent between government officials in Broward County.Last week, Gov. Ron DeSantis added gyms and fitness centers to phase one of the state’s reopening plan at 50 percent capacity, which Broward joins on Monday.However, Broward has decided to keep gyms closed, while Fort Lauderdale plans to allow such businesses within their city limits to open.Fort Lauderdale Mayor Dean Trantalis signed an executive order Saturday that allows gyms and fitness centers to reopen. He adds that neighboring cities, including Pompano Beach, Coral Springs and Margate, plan to do the same.On Sunday, Broward Vice Mayor Steve Geller warned those moves could lead to legal action, since the county has already issued an emergency order that had excluded gyms from Monday’s reopening.“The cities simply do not have the authority to ignore a county order,” Geller says. “If cities ignore the county, we’re heading to a showdown between the cities and the county. It could end up in court.”He adds that the county could also ask Sheriff Gregory Tony to have deputies shut down any gyms that open.Phase 1 reopening of #BrowardCounty begins Monday, May 18th. Beaches will remain closed, per Emergency Order 20-10. Facial coverings and social distancing still required. https://t.co/amWUk7ovX3 pic.twitter.com/VFU2cJgGEk— Broward County Government (@BrowardCounty) May 14, 2020 On Sunday, Trantalis accused the county of coming up with “an 11th hour order” that challenges the state’s intention to reopen gyms.“We’re just following the governor’s order,” Trantalis explains.Fort Lauderdale Vice Mayor Steve Glassman favors “home rule” for reopening such venues.“It’s not like people in Tamarac are going to flood Fort Lauderdale gyms.” Glassman argues. “Fort Lauderdale is doing the right thing.”He says regarding the idea of deputies being sent to close gyms, “It would be absurd for the county to take it to that level. They want to get into a gym war. If they think it’s worth their resources to send in a deputy to close down a small dance studio, what kind of leadership is that?”Geller says that county officials need to develop a list of safety guidelines before allowing gyms to reopen.“I don’t think the county can keep the gyms closed forever,” Geller says. “But we have to have the guidelines before they open. I don’t want them opened without those guidelines. And it cannot be done on a city-by-city basis. It’s too confusing and they don’t have that authority.”This is a developing story.last_img read more