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Innovation not stagnation

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Dutch government considers extending pension-fund recovery periods

first_imgKlijnsma, however, said the regulator had concluded that, by extending the recovery period by one year, 24 pension funds would have to implement a 0.4% discount on average for 2m participants, including 190,000 pensioners next year.Under a 12-year improvement term, the necessary discount could be reduced to 0.4% at no more than 17 schemes.In her letter, Klijnsma took pains to emphasise the importance of the social partners, which, she suggested, could affect recovery conditions by adjusting pensions targets or by raising contributions.If, by the end of December, a Dutch pension fund’s coverage ratio has fallen so low it is unlikely to recover within 10 years, it must begin cutting rights immediately.The critical funding level can vary, depending on a scheme’s investment portfolio, but it generally stands at 90-95%.According to Aon Hewitt, on average, pension funds’ coverage stood at 100% last week.The nFTK calls for a minimum funding of 105% .Pension funds with a coverage between the critical level and the required minimum, however, can start implementing cuts later, as long as they are able to improve within the set 10-year period.The Dutch Bureau for Economic Policy Analysis (CPB), in a report that was also submitted to parliament, said longer recovery terms would be particularly beneficial for older workers at pension funds less than 100% funded. Jetta Klijnsma, state secretary at the Dutch Social Affairs Ministry, has confirmed that the government plans to decide early next year whether to extend the 10-year recovery term for the country’s beleaguered pension funds.In a letter to parliament, she said the decision would depend on schemes’ financial position at year-end, which is the criterion for rights cuts, as set out in the new financial assessment framework (nFTK).Klijnsma warned that, based on the regulator’s Q3 funding estimates, 30 pension funds would be forced to discount pension rights – by more than 0.7 percentage points on average – for more than 2.1m participants and pensioners next year.Current recovery rules dictate that pension funds must cut pension rights by a equal percentage annually over the next 10 years, with a view to achieving the required funding level of 125%.last_img read more

Newcastle legend helps COVID-19 fight by delivering condoms via drone

first_imgFormer Newcastle star Tino Asprilla has vowed to help the coronavirus fight by delivering condoms via drone. After hanging up his boots in 2004, the Colombian decided to move into the sexual health field, and launched his own range of condoms in his homeland. Ex-Newcastle player Tino Asprilla has vowed to help the coronavirus fight by delivering condoms via DRONE after pledging to supply 3.5million rubbers Last month, Asprilla pledged to supply 3.5million contraceptives to help appease a reported global shortage. And now the maverick former striker has found a novel way of delivering them to unequipped lovers, by deploying a fleet of drones. The ex-Parma star tweeted a picture of one of the flying machines carrying one his condoms – unmistakable as they are adorned with his face. According to the world’s biggest producer, a global shortage of rubbers is looming. Malaysia’s Karex Bhd makes one in every five condoms globally. But they have not produced a single condom from its three factories for more than a week due to a lockdown imposed by the government to halt the spread of coronavirus. Promoted Content7 Universities Where Getting An Education Costs A Hefty Penny10 Awesome TV Series That Got Cancelled Way Too Soon10 Most Praised Historical MoviesA Hurricane Can Be As Powerful As 10 Atomic BombsWhy Go Veg? 7 Reasons To Do This14 Hilarious Comics Made By Women You Need To Follow Right Now6 Ridiculous Health Myths That Are Actually TrueCouples Who Celebrated Their Union In A Unique, Unforgettable Way7 Train Stations In The World You Wish To Stay At Longer8 Addictive And Fun Coffee FactsTop 10 Most Romantic Nations In The WorldThe Very Last Bitcoin Will Be Mined Around 2140. Read More That’s already a shortfall of 100 million condoms, normally marketed internationally by brands such as Durex, supplied to state healthcare systems such as Britain’s NHS or distributed by aid programmes such as the UN Population Fund. Asprilla is even offering a “two-for-one” promotion and helpfully shared a link to the wesbite for purchasers. When asked about the idea behind ‘Tino’s’ condoms back in 2016, the 50-year-old said it all started when a photograph of him accidentally flashing his penis while playing a friendly match against Chile in 1993 made international headlines. After the incident, the footballer said he then became a sex symbol in Colombia and his fame kept on growing after he represented the nation in the 1994 and 1998 World Cup tournaments. Tino Asprilla was idolised by Newcastle fans before he hung up his boots Read Also: Chelsea stars agree £10m pay cut amid coronavirus crisis He said the business plan “seemed like a good idea” and added, presumably as a joke, that the then-Colombian coach Jose Pekerman had already called him asking if he could get some. Asprilla jokingly said: “He is going to put the condoms over his head when Colombia is playing a match in Barranquilla in the rain!” FacebookTwitterWhatsAppEmail分享 center_img Loading… last_img read more

Wildcats Track teams Win Tri Meet Against Spartans And Tigers

first_imgWildcat Track teams finishes 1st place against  Connersville and Lawrenceburg.Girls team scores. FC 83, Connersville 51, Lawrenceburg 23.Winners of the night were Helena Goutsis in the 100m Hurdles; Lauren Kelley in the 1600m and 800m; Katelyn Meyer in the 200 and 400; Ashlan Hill in the Long Jump; Anna Schatzle in the Pole Vault; Jenna Bruns in the High Jump; The 4x100m team of A. Schatzle, Grace Kruthaupt, Audrey Reister, and Claudia Mauntel;The 4x400m team of Hill, Jenna Orschell, Kruthaupt, and Meyer.Boys team scores. FC 76, Connersville 71, Lawrenceburg 20.Winners of the night were Brady Bogan in the 110m Hurdles and 300m Hurdles; Hunter Tschaenn in the 100m, 200m, and 400m; Sam Westerfeld in the Long Jump; Cole Klusman in the 800m; Jacob Schatzle in the Pole Vault; The 4x100m team on Westerfeld, Austin Herrmann, Lucas Stacy, and J. Schatzle; and the 4x400m team of  Bogan, Tschaenn, Harvey Marshall, and Denver Meier.The Wildcats record improves to 13-1.Courtesy of Wildcats Coach Joe Davidson.last_img read more

Increase of 21 news cases since Monday locally

first_imgStatewide—The Indiana State Department of Health has reported that 734 additional Hoosiers have been diagnosed with COVID-19 as of Monday. A total of 57,916 Indiana residents have tested positive for the coronavirus. To date, 644,805 tests have been reported to ISDH at a 9.0% positive rate and 20 new deaths were reported for a total of 2,652 Hoosiers have died to date.Locally Dearborn County has a total of 346 cases and 25 deaths reported, Decatur County has a total of 266 positive cases and 32 deaths, Franklin County has 150 positive cases and 8 deaths, and Ripley County has 163 positive cases and 7 deaths. This is an increase of 21 new cases locally since from Monday.last_img

Cirrus in Irish Champion frame

first_img Clever Cookie is also in the hat for Peter Niven, who said: ” This year we will go with a fresh horse and hopefully go with a big chance.” The Qipco British Champions Fillies & Mares Stakes could see last season’s winner Madame Chiang, trained by David Simcock, attempt to do the double as she features amongst 52 entries. A whopping £4.1million in prize-money will this autumn be up for grabs on Qipco British Champions Day. Cirrus Des Aigles could have a first run in Ireland next month ahead of his intended outing in the Qipco Champion Stakes at Ascot. Press Association Barande-Barbe said: “Cirrus Des Aigles is recovering well from his injury and is on schedule to run in the Irish Champion Stakes at Leopardstown as a prep race for the Champion Stakes at Ascot, with the Prix Dollar a possibility in between the two.” The Champion Stakes at Ascot has attracted 46 entries, including Golden Horn, Postponed, Time Test, The Grey Gatsby and Gleneagles. The latter also holds an entry in the Queen Elizabeth II Stakes, which has lured 36 possible contenders, including French ace Solow. Trainer Freddy Head, who won the race 12 months ago with Charm Spirit, said: “Solow is very well and he has come out of last week’s victory in the Sussex Stakes looking beautiful. “The plan is to wait for the Queen Elizabeth II Stakes now – it will not matter if it rains in October.” The Qipco British Champions Sprint could feature two former winners – Gordon Lord Byron (2014) and Maarek (2012) – while sprint specialist Eddie Lynam has entered Anthem Alexander, Fort Del Oro and Gathering Power. Trainer Charlie Hills holds the key to the home challenge, with stable star Muhaarar potentially joined by Magical Memory, Strath Burn and Cotai Glory. The Qipco British Champions Long Distance Cup contains 50 entries, including last year’s winner Forgotten Rules and reigning Ascot Gold Cup hero Trip To Paris. Corine Barande-Barbe’s decorated nine-year-old is close to a return from injury, with the Group One Irish Champion Stakes at Leopardstown on September 12 identified as a comeback date. Should all go to plan, Cirrus Des Aigles will then gear up for the Champion Stakes at Ascot on October 17 – a race he has contested for the last four seasons, winning once in 2011. last_img read more

Duguid is new president of GCUSA

first_imgGUYANA and International umpire Nigel Duguid was named president of the GeorgetownNigel DuguidNigel DuguidCricket Umpires and Scorers Association (GCUSA) when the body held its annual general meeting (AGM) for office-bearers for the 2016-17 period.The AGM was held last week, at the Local Government Union building on Woolford Avenue.Moses Ramnarine will serve as vice-president, while Mikowanayah Yosef Yisrael was elected as secretary.Javed Persaud is the treasurer, while Ryan Banwarie will fill the position of assistant secretary/treasurer. The Public Relations Officer is Ravishwar Latif, with Deon Feassal, Andre Hurry and Mark Scott elected committee members.last_img

McNamara berates Syracuse defense: notes and observations from Wednesday’s practice

first_imgGerry McNamara stopped play and walked across the floor to Michael Gbinije on the left wing.Fellow Syracuse assistant coach Adrian Autry had already called out the slow-footed defense earlier in the four-on-four drill at practice Wednesday. Then the defense allowed three consecutive baskets.McNamara had seen enough.“We’re not working. We’re not taking away angles. We’re not doing sh*t,” McNamara said.He took Gbinije’s place and showed him how to play more squarely, to stop trying to take away the middle. By opening a lane into the left block, Gbinije was giving freshman Ron Patterson “ bullsh*t passing angles” into the paint.AdvertisementThis is placeholder textMcNamara then walked out past the top of the key and scolded the whole defense for its “f*cking awful” effort.The tone changed immediately.Gbinije closed his stance and forced Nolan Hart to swing the ball back to the other side. Tyler Ennis slid in front of a crossing McNamara. The Carmelo K. Anthony Basketball Center court echoed with the squeaks of sliding feet and claps of teammates and managers off the floor.McNamara’s message got through.Hopkins working through offensive struggles with big menDaJuan Coleman bumped his left shoulder into Jerami Grant on the right block and turned to elevate for a right-handed hook.The ball floated over Grant’s hand, but fell a few inches short of the front rim. It didn’t even touch the net.Assistant coach Mike Hopkins tossed his folded note sheet on the ground in disgust.Hopkins has helped Coleman and the rest of the Syracuse big men craft their offensive games through the preseason. There were mixed results at practice on Wednesday.Coleman attempted a number of pump fakes and reverse layups. He finished some —including two short jumpers — but didn’t force any shots. Rakeem Christmas looked sharp cleaning up missed shots while C.J. Fair scored easily on freshman Tyler Roberson a few times.“This year we definitely came back bigger and stronger,” Coleman said at media day on Friday. “Definitely more offensive minded. Just can’t wait for the season to start.”Even Fair, though, made a mistake. During the five-on-five scrimmage near the end of practice, Fair beat Roberson with a shoulder shake in the post. He turned back to his right, but instead of shooting the open 8-footer, Fair kicked the ball out to Trevor Cooney.Hopkins turned away, visibly frustrated.Cooney’s corner 3-pointer highlights practiceCooney made the hardest play of practice look easy.Standing in the right corner during the five-on-five scrimmage, Cooney watched as B.J. Johnson’s cross-court pass soared higher than expected.He leapt, reached up and snared the ball with his right hand before turning to square his body up on the descent. Then he popped right back up and drained the 3-pointer.“I think Trevor is really coming along nicely,” head coach Jim Boeheim said at media day on Friday. “He showed some good signs last season. I think he’s much more consistent this year, every day in practice you see a difference in his game.”Cooney made a slew of other 3-pointers during practice Wednesday and was visibly one of the most aggressive players on the court throughout all the drills.“With some players it takes them a year or two to really get ready, and I think Trevor has used these past two years extremely well,” Boeheim said. “He’s much more confident, and I think he’s going to have a great season this year for us.”Loose balls:Syracuse closed practice with a four-minute layup drill. Players ran the length of the court, making two passes each before shooting. Each got roughly 20 seconds rest before taking off again back up court. … Baye Moussa Keita fell down after a Grant bump in the paint. As he was getting up, he smiled wryly and said, “ACC man, one bump,” hinting at the expected increase in foul calls. … Gbinije looked sharp on the offensive boards, crashing in for at least four during Wednesday’s scrimmages. … Hopkins can be credited with the unofficial quote of the day, directed at the big men during a defensive positioning drill: “A bad shot is better than a good turnover.” Comments Published on October 23, 2013 at 8:59 pm Contact Stephen: sebail01@syr.edu | @Stephen_Bailey1 Facebook Twitter Google+last_img read more

Hamilton unsure he can catch Ferrari, Bottas more confident

first_img FOLLOW US Written By 10 months ago Lewis Hamilton: A look at Mercedes driver’s F1 World C’ship titles 9 months ago Ford v Ferrari: Audience reviews of Christian Bale & Matt Damon film WE RECOMMEND LIVE TV 10 months ago Lewis Hamilton: F1 champ’s salary revealed by his former teammate COMMENT First Published: 16th November, 2019 10:26 IST 9 months ago Hamilton racing the record book for motivation after title celebrations Bottas, who will finish as runner-up to Hamilton in the drivers’ championship, said he felt optimistic.center_img 9 months ago Lewis Hamilton to have contract renewal talks with Mercedes amidst Ferrari rumours WATCH US LIVE SUBSCRIBE TO US READ | Kiren Rijiju Calls For Centre-State Joint Effort To Promote Fit India MovementREAD | F1: Paul Ripke Quits As Mercedes Team Photographer After Fallout With Lewis Hamilton “I think we look quite competitive, even for qualifying, but we still have lots more to come.”  Lewis Hamilton admitted that two weeks after claiming his sixth drivers’ world title he was not sure if he can mount a serious bid in Sunday’s Brazilian Grand Prix where he won from pole position last year. The 34-year-old Briton, who revealed this week that he is considering his future in Formula One beyond the end of his current Mercedes contract next year, wound up fifth after Friday’s second session. Hamilton was trailing four-time champion Sebastian Vettel and his Ferrari team-mate Charles Leclerc, Red Bull’s Max Verstappen and his own Mercedes team-mate Valtteri Bottas.READ | Logan Paul Boastfully Mocks CM Punk, Dillon Danis After Losing To KSIREAD | Watch Ronda Rousey Get Knocked Out Cold By Holly Holm OTD 4 Years Ago At UFC 193 Last Updated: 16th November, 2019 10:26 IST Hamilton Unsure He Can Catch Ferrari, Bottas More Confident Lewis Hamilton admitted that two weeks after claiming his sixth drivers’ world title he was not sure if he can mount a serious bid in Brazilian Grand Prix He said he was uncertain that he can reduce Ferrari’s advantage in qualifying on Saturday. “It started out really well so straightaway, from the get-go, we were on a good baseline,” he said. “We made a couple adjustments in the session and we’ll do some work tonight to refine it. “It is quite crucial because we only have two sessions ahead of qualifying to get it right and we have to compact it a little bit more — and be a bit more precise with the changes we’ve made. “I don’t know if we have three-tenths to get where the Ferraris are… Obviously, the Ferraris are quick this weekend – or it seems so today. They’re generally beating us on the straights, so it’ll be interesting to see how that pans out.”  Press Trust Of India last_img read more

Dodgers activate OF Scott Van Slyke, put RP Chris Hatcher on DL

first_img Newsroom GuidelinesNews TipsContact UsReport an Error Van Slyke adds a capable bat to a Dodgers lineup that produced eight runs combined in the four games prior to Wednesday.The left fielder was batting .264 with two home runs and 14 RBIs when he was injured May 30. In three rehab appearances with Class-A Rancho Cucamonga, Van Slyke went 4 for 11. In his final rehab game on Monday, he was 2 for 4 with a home run, two RBIs and two runs scored. Van Slyke was one of four Dodgers rehabbing in that game along with Rodriguez, Peralta and League.No DL for NicasioThe Dodgers can take solace in avoiding the loss of another reliever to the DL. Mattingly said the Dodgers bullpen was short-handed on Tuesday night, but reliever Juan Nicasio said that didn’t include him. The right-hander professed his availability despite tearing half of the fingernail off the middle finger of his throwing hand in a 6-3 loss at Colorado on June 2.Nicasio further assured himself of his readiness during a 20-pitch bullpen prior to Wednesday’s game, during which he threw all his pitches, including the off-speed pitches he wasn’t able to throw following the injury.“I’m feeling comfortable with my breaking ball, 100 percent now,” Nicasio said. “I threw about 20 pitches (Wednesday) just to get the feeling for my breaking ball and it feels good, ready to go.” “I didn’t feel it on any one pitch,” Hatcher said. “The oblique is one of those things where, if it doesn’t get rest, it’s probably going to get worse.”The strain was mild enough that Hatcher wanted to pitch on Tuesday after Dodgers manager Don Mattingly was told of the injury on Monday in Texas.“At that point they were kind of hoping it would subside,” Mattingly said. “(Tuesday) just kind of asking him how he felt and seeing his face, it didn’t look real good. So I kind of had a feeling (Wednesday) wasn’t going to be a very good result.”Due to the unpredictability of oblique injuries, Mattingly said he was unsure of when Hatcher would begin throwing again.“Any of that would be a guess,” he said. “We thought Carl (Crawford) was going to be 21 to 30 (days) and now we’re heading toward 60.”center_img clay.fowler@langnews.com @Clay_Fowler on TwitterLOS ANGELES >> A strained left oblique landed Chris Hatcher in the parade of Dodgers relievers on the disabled list Wednesday along with Joel Peralta, Brandon League, Pedro Baez and Paco Rodriguez, who are all currently on rehabilitation assignments in the minor leagues.The good news for the Dodgers is that outfielder Scott Van Slyke returned Wednesday from back inflammation that shelved him 18 games. He’ll replace Hatcher on the roster and immediately earn a spot in the lineup.Hatcher could benefit from a breather, considering his 1-4 record and 6.38 ERA in 27 appearances this season. The 30-year-old suffered a mild oblique strain during the two-thirds of an inning he pitched in Sunday’s 12-inning win over the Padres.last_img read more

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