Swiss public split over pension reform as referendum looms

first_imgMeanwhile, Swiss pension funds have been trying to convince their members to vote ‘yes’ in the referendum to help ease their burden with the minimum conversion rate, which the funds have said is too high in relation to country’s ultra-low interest rate.“A ‘no’ vote would be like playing with fire”AsipMost pension funds have backed the campaign by pension fund association Asip in favour of the reform. However, some have gone public with their own requests for support.One of them is the CHF22bn (€19.3bn) Migros Pensionskasse (MPK), the pension fund for the Migros supermarket chain, one of the country’s largest employers.MPK’s managing director Christoph Ryter, former head of Asip, told Swiss media the reform was “only a small step in the right direction”.“But it is a necessary evolutionary adjustment,” he said.Similarly, the CHF1.2bn Stiftung Abendrot said the reform was “a step in the right direction”, especially for re-establishing fairness in the second pillar.“On average, today’s pensioners are getting paid out more than the actual return on their contributions,” the multi-employer pension fund noted in a press release.This “leads to a redistribution at the expense of active employees”, it added.Like Migros, other major Swiss employers have supported a ‘yes’ vote, including pharmaeuticals company Roche and insurers AXA and Winterthur.However, most employer associations and representatives from the economic sector have opposed the reform proposals, mainly because of the planned VAT increase.One criticism of the reform package has been that it contained a range of proposals that few people would want to support as a whole.However, the pension fund association Asip has renewed a request for people to accept the reform package as a whole to ensure elements such as the lower conversion rate are implemented.“A ‘no’ vote would be like playing with fire,” Asip warned. The Swiss electorate is evenly split between supporting and opposing the pension reform package Altersvorsorge 2020 (AV2020), according to several polls published in Swiss media over the past week.Two seperate polls taken earlier this month indicated support for two measures by a narrow margin, with just over 50% in favour or “more likely to vote yes”.A referendum on the reform is scheduled for 24 September, when the public will be asked two questions. The first is whether to increase VAT to finance the first-pillar AHV fund. The second is on the reform package including, among other things, a lower conversion rate, later retirement for women and a one-off pension increase for the first pillar.If one of the two proposals in the referendum is rejected, the other fails as well as the law connects them.last_img read more

Eleven televisions in QLD’s hottest house

first_img Insane $45m mega-mansion hits market What’s not to like here? Stunning location. MORE: Housing set for fresh record highs TVs everywhere – including Foxtel in the bedroom. TV in one of the living zones.The home has 11 televisions that come with the home – prewired to Foxtel for all bedrooms, living rooms, media room, cabana, spa area and guest house.There are eight HD security cameras with alarms, keypad and HD intercom at the front door, and even the 11.3kw solar system has 10kw smart metering, plus there are three Apple iPad launch ports to control many functions of the house.Sitting on a 892sq m waterfront block, it has been set to go under the hammer at 2pm on Saturday October 26 on site. FOLLOW SOPHIE FOSTER ON FACEBOOK 1. 10 MeloryCrescent, Magill, SA2. 144 Tallebudgera Drive, Palm Beach, QLD3. 7 John Street, Eastwood, SAMore from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours ago (Source: REA) Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58 (Source: REA)The property was so hot, it was also the second most viewed home in the country this week, the data showed.The smart home is fully automated to control CBUS lighting, media, security and multi-zoned audio, with pre-set profiles, according to agents Michael Kollosche and Rob Lamb of Kollosche – Broadbeach. 144 Tallebudgera Drive, Palm Beach, was the hottest house in Queensland this past week and the second most viewed in the country.If the words “flawless, fully automated, luxury Hamptons home” have you floored, you are not alone – it emerged as the hottest house in Queensland, data released Friday found.The six bedroom home at 144 Tallebudgera Drive, Palm Beach, was the most viewed home in the Sunshine State this past week, according to realestate.com.au figures – and it really does have 11 televisions. It has its own boathouse and pontoon.They have it listed as a home where no expense was spared.“Everything – from the six bedrooms, all with water views, to the top-of-the-range home automation, the custom-made interiors and an enviable alfresco with waterfront cabana – ensures the lucky new owners will enjoy a future proof forever home which takes your breath away with its beguiling beauty.” Curved beach house lands seven-figure deal Seriously, what’s not to like in this dream property? QLD’S MOST VIEWED THIS WEEK:1. 144 Tallebudgera Drive, Palm Beach, QLD2. 133 Indus Street, Camp Hill, QLD3. 143 Chesterfield Drive, Bonogin, QLD MOST VIEWED NATIONALLY:last_img read more

Deutsche Bucht Monopile Foundations All In

first_imgSource: Northland Deutsche BuchtNorthland Deutsche Bucht GmbH has completed the installation of all 31 monopile foundations on the 269MW Deutsche Bucht wind farm in the German North Sea.The milestone concludes the first phase of construction within the planned timeframe, the developer said.“Installation work on the construction site, which is more than 100 kilometers off the coast, is a real challenge in the winter months,” Jens Poulsen, Project Director of Northland Deutsche Bucht GmbH, said.”But thanks to the flexible and efficient work of our project team and our contract partners, we were able to install all foundations safely and on schedule.”The next construction phase, inter-array medium-voltage cabling, is set to start this spring.Reloading of the foundations onto the installation vessel Seajacks Scylla at the offshore base port in Cuxhaven went off without a hitch, Northland Deutsche Bucht GmbH said.The monopiles, measuring an average of 78 metres in length, were delivered from Rostock as needed and loaded directly onto the installation vessel. The transition pieces, which measure 26 metres in height and serve as connecting elements to the 8.4MW MHI Vestas wind turbines, were transported to Cuxhaven from their production location in Spain. They were offloaded for interim storage in Cuxhaven until installation.Further, two mono bucket foundations are to be erected in addition to the 31 monopiles during the second quarter of this year. Deutsche Bucht is the first offshore wind farm worldwide to test this foundation under commercial operating conditions.Van Oord is responsible for the design, engineering, procurement, construction and installation of the foundations, inter-array cables, and the offshore substation, and the transport of the wind turbines. MHI Vestas is handling the installation of the turbines. The offshore wind turbines will be connected to the BorWin beta offshore converter station, which is already operating.last_img read more

Dan Craft

first_imgThose surviving who will cherish Dan’s memory include his sons, Danny Craft and Chris Craft of Lawrenceburg; daughter, Kismet Craft of Lawrenceburg; 3 granddaughters, Sarah, Brooklyn and Madison, and brothers, Richard (Roberta) Craft of Casa Grande, AZ, and Alton (Georgia) Craft of Bright. Besides his parents and wife, he was preceded in death by 5 brothers and sisters. Dan Craft, of Lawrenceburg, was born on November 18, 1947 in Milan, the son of Fred and Marie Back Craft. He served his country in the United States Air Force from 1967 to 1973. He married Pamela K. Fields and she preceded him in death in October of 2010. Dan retired from Bayer Chemical and was a member of the Sunman American Legion Post #337. He was a former member of Sunman/Manchester Life Squad, worked with Habitat for Humanity, and enjoyed fishing. On Saturday, September 24, at the age of 68, he passed away at Dearborn County Hospital in Lawrenceburg. Friends may visit with the family on Tuesday, September 27, 2016 from 4 to 8 p.m. at Cook Rosenberger Funeral Home, 107 Vine Street, Sunman. Services, officiated by Pastor Brian Harrison are at the funeral home on Wednesday at 10 a.m. Burial with military honors provided by the Sunman American Legions will follow in St. Paul Cemetery.center_img Memorial contributions may be directed to the American Cancer Society. To sign the online guestbook or to leave a personal condolence, please visit www.cookrosenberger.com. The staff of Cook Rosenberger Funeral Home is honored to care for the family of Dan Craft.last_img read more

Lawmakers wear sneakers to support cancer awareness

first_imgINDIANAPOLIS, Ind. — State Representatives Randy Frye (R-Greensburg), Randy Lyness (R-West Harrison), and Cindy Ziemke (R-Batesville) laced up their sneakers with their suits yesterday to help raise cancer awareness.Frye says more than 13,000 estimated Hoosiers will lose their life to cancer this year.The Suits and Sneakers challenge is an annual event sponsored by the American Cancer Society and the National Association of Basketball Coaches to help raise cancer awareness and support those affected by the disease.Lyness said that participating in Suits and Sneakers is a Statehouse tradition that members look forward to every year.Ziemke said the event is an opportunity to remind people about all the ways they can reduce their risk of cancer; like eating right, exercising, making healthy lifestyle choices and following the American Cancer Society’s recommended cancer screening guidelines.Cancer is the second most common cause of death in the U.S., exceeded only by heart disease, according to the Centers for Disease Control and Prevention.last_img read more

Houseworth recognized for 20-years of service

first_imgVersailles, In. — The Ripley County Sheriff’s Department has honored Sergeant Corky Houseworth for completing 20-years of service with the Ripley County Sheriff’s Department.Sergeant Houseworth began his law enforcement career as an officer in the Ripley County Jail and was promoted to Deputy on July 6, 1998.Sheriff Cumberworth and the department appreciate Sergeant Houseworth’s dedication and service to Ripley County.last_img

Greensburg boy succumbs to cancer

first_imgGreensburg, In. — WRBI News has learned the “biggest” little supporter of the Greensburg Power of the Past, Travis Paul Wenning has lost his battle with cancer. The six-year-old died at home with his family by his side on Wednesday.Travis had a passion for farm equipment and participated in many events during the annual show. He was in the 1st grade at St. Mary’s Catholic School, loved helping out on the farm and wanted to be a worker.  He enjoyed fishing, hunting, camping, and loved tractors.A rosary will start at 1 pm on Sunday, September 16 at St. Mary’s Catholic Church followed by visitation until 6 pm.A funeral mass will be held at St. Mary’s Catholic Church on Monday, September 17 at 10 am with Rev. John Meyer and Rev. Bill Ehalt officiating.Burial will follow at St. Maurice Catholic Cemetery.In lieu of flowers, donations can be made to Riley Children’s Hospital or to the Make-A-Wish Foundation.Online condolences can be left here.last_img read more

AAG Senior Championships set to run off on June 29

first_imgATHLETICS enthusiasts and fans can look forward to captivating and top quality action when Guyana’s best athletes take to the track in the Athletics Association of Guyana (AAG) National Senior Championships, June 29-30, from 10:00hrs daily at the National Track and Field Centre (NTFC), Leonora, West Coast Demerara.Meanwhile, AAG president Aubrey Hutson, in a release to the media, pointed out; “The National Senior Championship is one of the most anticipated events in Guyana’s sports calendar. There are many athletes, overseas and local, who are trying to gain the time and attention of the AAG to get a chance to go to the World Championships this year.”With the event quickly approaching, the condition of the track is a concern for the AAG. However, the association has been working along with the management of the NTFC to see if any repairs or remedial work can be done to have the facility ready for the upcoming meet.AAG will also be holding a fund-raising barbecue both days of the meet. Any patron who purchases a barbecue ticket for $1 200 will be afforded entry to the event, while regular tickets to the event would cost $300.last_img read more

Premier League Delays Decision on Summer Transfer Deadline

first_imgA final decision is likely to be made at a Premier League meeting on 24 July.It is also anticipated a start date for the 2020-21 season will be confirmed at the next meeting.Launching the new season on 12 September remains the most likely option but that comes immediately after the September international break.The Football Association and EFL are concerned the reduced number of match dates will have an impact on their respective cup competitions.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Premier League clubs have delayed a decision about the dates for this summer’s transfer window.UEFA wants the window to close on 5 October, before the start of next season’s Champions League.It is understood clubs are considering whether to extend the window for a couple of weeks purely for deals involving Football League clubs, who have been badly affected by Covid-19.last_img read more

MTV Video Music Awards: Pushing boundaries to celebrate music

first_imgThe Weeknd kicked off the festivities with a performance of his hit single “Blinding Lights,” which later won him Video of the Year. As he belted the lyrics to the song from the top of Edge at Hudson Yards, viewers could see the New York City skyline’s backdrop. Surrounded by flashing lights, helicopters and fireworks, MTV really pushed the boundaries for this event.  Although the night was filled with excitement and happiness, The Weeknd shared some of the heartache felt this year. In his acceptance speeches, the singer said that it’s hard to celebrate the night and asked for justice for Breonna Taylor and Jacob Blake. Likewise, before the show’s opening, Keke Palmer shared some thoughtful words about the loss of actor Chadwick Boseman. “We dedicate tonight’s show to a man whose spirit touched so many,” Palmer said. “He is a true hero, not just on screen but in everything he did. His impact lives forever.” Filled with a blast of international music, Maluma, CNCO and BTS took to the stage. As South Korean pop phenomenon BTS performed its new hit “Dynamite,” the Latinx performers CNCO and Maluma did so on a drive-in stage in Brooklyn.  Television personality and actress Keke Palmer was the perfect host for a celebration that honored life, music and speaking up against injustice, mixing her experience, activism and comedic persona. As the first Black woman to host the VMAs, Palmer addressed the Black Lives Matter movement’s power, saying, “We’ve seen our generation step up, take to the streets and make sure our voices will be heard.” The VMAs have always stood as a celebration of music. Many of the performers and nominees were popular on TikTok over the summer. DaBaby’s “Rockstar,” Doja Cat’s “Say So” and Megan Thee Stallion’s “Savage” were all hits of the night, with Doja Cat and Megan Thee Stallion bringing awards home for Best New Artist and Best Hip-Hop, respectively.  Although there was no recipient for the Video Vanguard Award this year, MTV introduced the first-ever inaugural MTV Tricon Award to the star of the night: Lady Gaga, a singer, actress, dancer, designer and activist. MTV explained that the award “is in recognition of her talents as a global music superstar, award-winning actor and undisputed fashion icon.” Besides being the queen of the night, Gaga stood out as she was one of the only artists to wear a mask at all times — even when singing and dancing throughout her performance of songs from “Chromatica,” which included her collaboration with Ariana Grande, “Rain On Me.” Accustomed to using awards shows for major fashion statements, Gaga continued to serve unique looks and incorporate masks within them. Some covered the whole face, others involved horns, and for her performance, it seems like she had created an electronic system within the mask that would better enable her to sing. “I might sound like a broken record, but wear a mask. It’s a sign of respect,” Gaga said. For each acceptance, Best Collaboration (“Rain On Me” ft. Ariana Grande), Song of the Year (“Rain on Me” ft. Ariana Grande) and Artist of Year, Lady Gaga continuously thanked her fans and urged them to never give up on their dreams. “I want nothing more than to be your artist in 2020,” she remarked in one of her speeches.center_img Photo from @vmas on Twitter Palmer also discussed the importance of speaking out against injustice and using music’s power to heal. Her speech was followed by cheers from what sounded like a live audience. Still, viewers never saw whether it was a group of fans behind the cameras or if their cheers were digitally added. Behind the host, an enormous digital stage was designed to make the experience feel as realistic as possible — there were even simulations of fans standing and cheering in booths.  A buzz of anticipation and expectation surrounding this year’s MTV Video Music Awards was felt by fans behind their screens everywhere. One of the most-awaited nights in music took place Sunday, and this year it aimed for something even more spectacular than ever before: The VMAs treated audiences to a full-scale awards show in the middle of a pandemic. Live performances took place on top of New York skyscrapers, at drive-in theatres in Brooklyn and some were even broadcast live from across the world. And it was beautiful.  Other great performances of the night included Miley Cyrus, the Black Eyed Peas and DaBaby. Cyrus and the Black Eyed Peas surprised audiences by adding a little nostalgia to their performances. Cyrus rode a glittery disco ball, which reminisces her “Wrecking Ball” era and the Black Eyed Peas performed their 2009 hit “I Gotta Feeling.” Following rumors of possible surprise appearances, viewers were disappointed by the absence of artists such as Harry Styles, Dua Lipa and Justin Bieber (although Bieber did receive Best Music Video From Home for “Stuck With U” ft. Ariana Grande).  The MTV VMAs achieved the impossible and conducted a massive production while following health and safety guidelines. To introduce categories, presenters Bella Hadid, Joey King, Drew Barrymore, Jaden Smith and many others stood on stage alone and moved aside when the winners would give their speeches. It is speculated, however, that some of these introductions were pre-recorded and that the event was not an entirely live performance. It was clear to see the importance of social distancing on stage and backstage. In between breaks, viewers were shown a significantly small number of crew members shuffling between acts, always wearing face coverings.  Sunday night was a success, not only bringing joy to people’s homes but also being an example of innovation during the challenges presented by the pandemic. MTV showed the world that it is still possible to carry on with one of music’s biggest nights while remaining mindful.last_img read more

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