Category: kiygakrz

  • Mary Tyler Moore dead at age 80, once filmed in Bayonne

    first_imgBAYONNE — Although most famous for her roles as Laurie Petrie on “The Dick Van Dyke” Show from 1961 to 1966 and later as Mary Richards on The Mary Tyler Moore Show from 1970 to 1977, Mary Tyler Moore also starred in “Annie McGuire,” set and filmed in Bayonne, in 1988, which was cancelled after only a half a season.She is seen here reading The Bayonne Community News after filming a number of scenes on Broadway, Brady’s Dock, and elsewhere in Bayonne. Over the last few years, she has been an advocate for animal rights and juvenile diabetes research. She was a victim of type I diabetes for most of her life. ×last_img read more

  • Report says U.S. clean energy investment hit record $64.2 billion in 2018

    first_imgReport says U.S. clean energy investment hit record $64.2 billion in 2018 FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Led by investments in wind farms and solar arrays, clean-energy investment in the United States rose 12% to $64.2 billion in 2018, even as global clean-energy funding declined 8% to $332.1 billion, BloombergNEF said in a new report.The new record for annual U.S. clean-energy investment surpassed the previous high of $62.3 billion in 2011, and it contrasts with a 32% drop in clean-energy spending in China, to roughly $100 billion. Solar demand in China, the world’s leading renewable energy market, cooled in 2018 after the government curtailed incentives, leading to a global glut of solar panels and falling prices.Despite the downturn in China, global solar photovoltaic installed capacity rose to 109 GW in 2018, from 99 GW in 2017, according to the report, thanks largely to gains in Europe and emerging markets. Declining capital costs, however, drove global solar investments down 24% to $131 billion, while worldwide investments in wind energy rose slightly to $129 billion.Taking advantage of lower solar prices and demand for offshore wind farms, Europe ratcheted up its clean energy investments 27% in 2018 to $74.5 billion, as progress in Spain, the United Kingdom and Scandinavia helped to offset a 32% decline in Germany, the firm found.Installed solar capacity will continue to rise in 2019 despite the headwinds, to between 125 GW and 141 GW, said Jenny Chase, the firm’s head of solar research. Global energy storage additions will easily surpass 10 GWh for the first time in 2019, while electric vehicle sales will rise by 40% — a robust growth rate, but down from a 70% expansion in 2018, the firm added.More ($): Report: US clean energy investment hits record $64B in 2018 amid global declinelast_img read more

  • Caribbean Leadership Seminar Brings Region Together To Address Crisis And Contingency Management

    first_imgBy Dialogo August 02, 2010 Over a thousand are dead and wounded after an explosion rocks the stadium parking lot in Johannesburg, South Africa during the championship match of the World Cup. The structural integrity of the stadium has been affected creating widespread panic among the thousands still inside the stadium. In the days leading up to the final, gang members have been attacking visitors to the matches by assaulting and robbing them. Tour buses enroute to the games have been hijacked and threats have been pouring into radio stations announcing future attacks unless the government ceases all operations against organized crime. Thankfully such an event didn’t happen during the recent World Cup in South Africa this summer, but this plausible scenario was what conference attendees were challenged to deal with at the 2010 Caribbean Leadership Seminar held in St. Kitts and Nevis. Co-hosted by U.S. Southern Command and other U.S. federal agencies including the FBI, security force leaders from the Caribbean attended the seminar to learn about deterring and dealing with events such as the one just mentioned. “This is very beneficial for us to understand the ways in which to handle this sort of crisis in the event that something like this was to happen,” said Commander Gregory Walcott – Trinidad and Tobago Coast Guard. “Our country hosted the Cricket World Cup two years ago and we were fortunate that no attacks took place.” Throughout the three-day seminar, issues that were presented and discussed by FBI agents included crisis management, identifying and assessing key vulnerabilities, strategic planning, and panel discussions where attendees were separated into groups and presented critical scenarios. The seminar also focused on illicit trafficking, disaster preparedness and humanitarian assistance with Haiti being the most recent example of how the region came together to assist the earthquake-ravaged country. One of the main themes that the presenters wanted to make clear was that with sufficient planning and preparedness, in addition to regional cooperation among nations, most of these threats can be addressed and possibly even averted. “What we want people to take away from this seminar is that not every country can resolve certain issues on their own,” said FBI Special Agent Norman Scott, who is currently assigned to the embassy in Barbados. “The U.S. has the expertise to help provide solutions when asked, but we’re all in this together if we want to achieve our end goal.” Seminar attendees came away with a better understanding of how the U.S. interagency system worked and how that dynamic can be applied in their own country. Presenters also stressed the importance of networking between participants while attending the seminar. “Taking advantage of these conferences by meeting people is good for small countries like mine where we don’t have all the resources to combat these threats,” said Edison Joseph of the Dominica Police Force. “It’s good to know that we can all call on each other in the event that something arises.”last_img read more

  • Armed Forces across the Americas Deploy to Prevent Spread of Zika Virus

    first_imgBy Eduardo SZKLARZ February 17, 2016 The Armed Forces of several countries in the Americas are providing crucial support to public health authorities fighting the Zika virus, and are playing a key role in preventing the spread of the Aedes aegypti mosquito, a carrier of the Zika, dengue and chikungunya viruses.The Pan-American Health Organization said the Zika virus has spread so rapidly throughout the region because the populace had no previous exposure to it and therefore lacks immunity, and because the Aedes aegypti mosquito is present in all countries of the Americas, except Canada and continental Chile.Regional cooperation between partner nations is a key component of the strategy to stop the spread of the Zika virus. On February 2nd, the Central American Integration System (SICA), which comprises the governments of Central America and the Dominican Republic, held an extraordinary meeting of heads of state to implement a regional action plan to combat the virus.“Since there still is no cure or treatment, it is necessary to look for solutions that let us halt the spread of this terrible disease, and at the same time, allow us to control it and improve our capabilities to treat those suffering from it,” said SICA Secretary General Victoria de Avilés during the meeting.Educating the peopleOn February 1st, after 4,473 cases of Zika were recorded in the country, Honduras declared a national alert, and members of the Honduran Armed Forces deployed nationwide to help the population take steps to control the mosquito.“The Military units received instructions to aid Hondurans in different regions by setting up emergency operation centers,” explained Honduran Army spokesperson Colonel Jorge Cerrato. “This brings them closer to the population and [helps] stop this public health threat.”In El Salvador, the Ministry of Health has treated 3,302 cases of Zika since January 1st, and about 7,000 instances of the virus since November 26th, when authorities recorded the first infection. To support the nation’s fight against the Zika virus, the Salvadoran Armed Forces (FAES, for its Spanish acronym) sent members of the Military Health Battalion to join the national seminar on the vector mosquito on January 21st.“Our service members have been trained and taught how to combat the Aedes aegypti mosquito and we work hard to provide guidance to the population about controlling nests. Our mission is to protect the people from the health threats brought on by the Zika virus,” explained First Lieutenant Franco Zelaya, coordinator of the FAES Fumigation and Cleaning Brigades, during a visit to the neighborhood of Las Palmeras in the municipality of Santa Tecla.Citizens have expressed gratefulness to the Salvadoran service members because of their attention to detail in checking places where mosquitoes might reproduce, such as unused tires, barrels, patios, and yards. “We are relieved that these Soldiers have come to fumigate all the houses in the neighborhood and teach us how terrible it is to catch Zika,” stated Zoila Marroquín, a 48-year-old housewife and resident of Las Palmeras. “I think that now we will be more aware and destroy nests.”The Dominican Republic’s Armed Forces are responding to the advance of the Zika virus by deploying service members to intensify support for epidemiological surveillance in coordination with the Ministry of Public Health, provincial governors, and local mayoral offices.“Our service members are providing guidance to our citizens to raise awareness about how dangerous these diseases are, their characteristics, their symptoms, and the procedures to follow if they suspect they have contracted the Zika virus,” stated Major General José Matos, Chief of Staff of the Dominican Army, during the launch of the national seminar on Zika on January 29th.Dominican service members have been deployed to the provinces of San Cristóbal, Azua, Pedernales, Independencia, Elías Piña, Dajabón, and Monte Cristi. Dominican authorities confirmed the first 10 cases of Zika on January 23rd. Since then, service members and Ministry of Public Heath Brigades have visited 56,216 homes and eliminated 8,506 mosquito nests, sprayed larvicide on 31,896 containers, and delivered 59,881 educational speeches.South American actionWhile 220,000 Brazilian service members took to the streets to provide guidance to the populace starting on February 13th, the Argentine Army is combating the insect in provinces that have been most severely affected by the epidemic, such as Misiones and Corrientes.The efforts of service members are coordinated by the Ministry of Defense’s Department of Logistics, Emergency Cooperation, Culture, and Community. “The tasks carried out by the Army include cleaning property, removing containers, assisting in preventive medicine control measures, and giving informational talks,” the Argentine Ministry of Defense Social Communications Office told Diálogo.In Misiones, for example, the Monte 12 Army Brigade works with a health team providing support at the René Favaloro Hospital in Posadas. The Monte 12 Engineering Battalion and the 1st Armored Brigade are removing barrels from several neighborhoods in conjunction with local authorities in the municipalities of Goya, in Corrientes, and Tandil, in the province of Buenos Aires, reported the Army.On January 25th, the Corrientes government declared an epidemiological alert due to the spread of dengue in the province, which has so far resulted in 31 recorded cases. In Misiones, the recent rains created favorable conditions for virus outbreaks in several municipalities.“The governments of Misiones and Corrientes are working together with the forces to prevent and control the spread of the virus afflicting the country’s coast,” the Army stated, adding that informational talks are being organized for Military and civilian personnel and their families about the ongoing situation.For its part, the Colombian National Army’s Health Bureau is providing training to residents on how to prevent the Zika virus. The Andean country is already the second-most severely impacted by Zika in South America after Brazil, with 20,297 recorded infections as of the third week in January, according to the Colombian National Health Institute.“In Military units, homes, and in the community at large, we must eliminate all mosquito nesting sites, such as in bushes and flower pots,” the Colombian Army stated on its website. “Also, once a week, we must wash tanks and reservoirs used to store water for household use.”In response to the accelerating spread of the Zika virus, the World Health Organization’s Emergency Committee declared an international public health emergency on February 1st. The Zika virus is associated with microcephaly, a serious birth defect in which a newborn’s head is abnormally small, resulting in an underdeveloped brain and other complications. Among the most common symptoms of Zika are fever, rash, joint pain, conjunctivitis (red eyes), muscle pain, and headaches. Medical authorities believe the Zika virus’s incubation period – the time between a victim being infected and showing symptoms – is probably a few days to a week.last_img read more

  • Corruption and Rivalry Among Venezuela’s Military

    first_imgBy Diálogo December 19, 2019 From narcotrafficking to smuggling and arms transfers, Venezuelan service members take advantage of their positions of power.The Venezuelan Attorney General’s Office announced on November 14 the decision to charge Bolivarian National Guard (GNB, in Spanish) Major General Aquiles Lapadula for his alleged participation in the misappropriation of 8,841 gallons of sulfuric acid, a substance used to manufacture cocaine.The case against the officer began on September 9, after GNB agents detained a truck driver for inconsistencies in the documents he carried to justify the transport of the substance, which Maj. Gen. Lapadula had signed himself.In July 2019, Nicolás Maduro had appointed the officer as the top military authority in the Zulia department. Now, the officer remains detained in a cell at the Military Counterintelligence General Directorate (DGCIM, in Spanish) in Caracas.José Luis Pirela, head of the Venezuelan National Assembly’s Subcommittee against Drugs, Terrorism, and Organized Crime, said that this case is “extremely serious.”Far from an isolated case, military involvement in crime has become increasingly frequent. Narcotrafficking is just one of the illegal activities in which uniformed personnel take part.“In my 30 years of service, I’ve only heard about three officers being prosecuted for drug crimes. Nowadays, this happens all the time,” said a retired brigadier general who served at the Military Intelligence Directorate (the DGCIM’s predecessor) during the presidency of Hugo Chávez.The officer, who asked to remain anonymous for security reasons, recalled that a process to expand the participation of active officers in areas that were not exclusively part of military duties started in 2005, which the Venezuelan chapter of NGO Transparency International condemned as an almost total control over “civil society processes” by the military.At the same time, the former military officer added, the government took over the judiciary power to ensure, among other things, that military crimes would remain unpunished. That same year, he said, GNB Colonel Eladio Aponte Aponte, president of the Martial Court, became the president of the Supreme Court of Justice’s Criminal Division. Before seeking refuge in the United States in 2012, Col. Aponte told the press he had issued acquittals for cases involving Army officers in narcotrafficking.The belief that crimes would stay unpunished has fueled service members’ participation in illegal activities, even murder, the former military officer said.For example, on November 19, 2019, GNB members detained GNB First Lieutenant Ronald Noé Hernández Vega for his alleged participation in the murder of a sergeant major from the institution.Luis Cedeño, head of the Venezuelan NGO Organized Crime Observatory, explained that service members get involved in crimes where they have greater opportunities, because of the control they exert over different markets, which the government has given them.“The politicians in power have granted privileges to the Armed Forces, in exchange for service members’ support for the revolution,” he said.Cedeño added that this is more evident in the oil and mining industries, the distribution of food and other mass consumption goods, and arms control.“There are ongoing transfers of arms, ammunition, and explosives, such as grenades. All this involves criminal gangs and is part of the FANB [National Bolivarian Armed Forces],” he said.For instance, on September 17, Military Counterintelligence agents detained three officers for stealing 24,000 AK-103 cartridges. The detainees had been assigned to guard the air component arsenal at Maracay’s Military Academy.GNB Brigadier General (ret.) Régulo Díaz Vega, former FANB assistant controller general, says crime among the military “has become common.”“Top generals and officers have access to certain illegal businesses, and when subordinates see these crimes, they assert the right to do them on a smaller scale,” he said.This situation has a detrimental effect on maintaining discipline and subordination. “They won’t see their captain or colonel as a superior, but as a partner,” he said.To this day, said Díaz, information about service members’ illegal activities is leaked constantly, because rival groups within FANB or institutionalist service members disseminate it.The former military officer interviewed for this report said that the rehabilitation of FANB would be extremely complicated and would take years.For his part, Cedeño said that the military institution will have to undergo “very deep re-engineering.”“The military must be brought back to its original responsibilities. And that will be very difficult,” he said.last_img read more

  • 2 charged, search for 2 suspects underway following multi-county car chase

    first_imgThe operator of the vehicle eventually failed to make a sharp turn at the intersection of State Route 11 and Hyde Street and struck the front porch of a house located on 1125 Castle Creek Rd. The residents of the home were uninjured, and there was no structural damage to the house. Two counts of criminal possession of a weapon in the 2nd degree, a class C felonyCriminal possession of a forged instrument, a class C felonyCriminal possession of stolen property in the 3rd degree, a class D felonyCriminal possession of stolen property in the 4th degree, a class E felony Later in the evening, a member of the Broome County Sheriff’s Office saw the stolen vehicle traveling southbound on State Route 11 in the town of Barker at 125 mph. The sheriff’s deputies deployed tire deflating devices across the road, and the Audi ran over the devices, but continued driving. (WBNG) — The Broome County Sheriff’s Office arrested two people following a car chase early Tuesday morning. Chambers was charged with the following: The sheriff’s office told 12 News there is no reason to believe the public is in danger. Deputies were notified around 11:30 p.m. Monday that the Cortland County Sheriff’s Office was pursuing a vehicle traveling on I-81 at a high speed. They say the vehicle, a 2016 Audi A6, had been reported stolen from Erie, Pa. on Sunday. They say Cortland County officials lost sight of the vehicle when it exited I-81 in Marathon, N.Y. Police say 19-year-old Franklin A. Chambers of Buffalo, N.Y. and 17-year-old Kiana Z. Tucker of Tonawonda, N.Y. are charged with a number of felonies. Tucker was charged with the following: In addition to these charges, the sheriff’s office says it is looking for two more suspects involved in the incident. They describe the two suspects to be young men wearing grey-hooded sweatshirts. Two counts of criminal possession of a weapon in the 2nd degree, a class C felonyCriminal possession of a forged instrument, a class C felonyCriminal possession of stolen property in the 3rd degree, a class D felonyCriminal possession of stolen property in the 4th degree, a class E felonyUnlawfully fleeing police officers, a class A misdemenaor Here is how the event unfolded, according to the Broome County Sheriff’s Office: Chambers, who drove the vehicle, suffered a fracture of his lower right leg and had cuts on his face. Tucker, a passenger in the vehicle, was found nearby. The two suspects deputies are still looking for ran away on foot. Deputies say they found a bag near the scene of the crash. Two handguns were found in it. Authorities say one handgun was stolen. Additionally, counterfeit money was found in the vehicle.last_img read more

  • PTDI, Indofarma, universities working on ventilator prototypes

    first_imgState-owned aircraft manufacturer PT Dirgantara Indonesia (PTDI), pharmaceutical firm Indofarma and local universities are developing ventilator prototypes to help meet skyrocketing demand for the crucial medical equipment to treat coronavirus patients. Carmakers are also readying their factories to switch production lines to the manufacture of ventilators.PTDI president director Elfien Goentoro told The Jakarta Post on Tuesday that the aerospace company planned to mass-produce one of five ventilator prototypes currently being tested by the Health Ministry. The prototypes were produced in collaboration with universities and other institutions.  Several members of the Indonesian Medical Equipment Manufacturers Association (Aspaki) are also working on a continuous positive airway pressure (CPAP) machine as well as on noninvasive and invasive ventilator prototypes to help meet demand, said executive manager Ahyahudin Sodri.Universities have begun to develop their own ventilator prototypes. The Bandung Institute of Technology (ITB), Salman Mosque Foundation and Padjadjaran University’s School of Medicine (FK Unpad) are currently developing a noninvasive ventilator prototype called Vent-I.“We’ve completed the prototype, and it is currently being tested by the Health Ministry’s Health Facility Test Agency [BPFK]. Hopefully, our prototype can be used to treat patients with mild to medium symptoms before their condition deteriorates,” said Hari Tjahjono, external relations head of the Salman-ITB-FK Unpad ventilator team.State-owned pharmaceutical firm PT Indofarma is developing its own version of an invasive ventilator for critically ill patients.“Hopefully we can complete the prototypes by the third or fourth week of this month,” president director Arief Pramuhanto told the Post on Monday.Read also: Experts warn it will take time for local carmakers to producer ventilatorsLocal automotive manufacturers have been in talks with the Industry Ministry to develop ventilators. However, experts are saying it will take time to turn the idea into reality, since the carmakers will need product blueprints, raw materials and production line designs in partnership with the government and medical equipment manufacturers.Indonesian textile manufacturers have swiftly adjusted production lines to make PPE items such as masks and hazmat suits with a total capacity of 18.3 million pieces per month starting in May. However, local companies are struggling to manufacture medical-grade gear, test kits and ventilators.No local manufacturer is able to produce ventilators just yet, according to Aspaki.“Ventilators are considered to be high-risk medical equipment. Manufacturers have to comply with international safety standards in designing and producing the product. They also need to receive approval from either the Indonesian Health Ministry, European Conformity (CE) certification or a certificate from the United States Food and Drug Administration (FDA) before selling it commercially,” Ahyahudin said. Most of the components for ventilators are also imported from other countries, he added.Arief of Indofarma echoed those concerns, saying that local manufacturers were particularly hard-pressed to develop the invasive type used for critical patients, as they need special specifications to build one.Other than developing its own invasive ventilator prototype, Indofarma also produces equipment like hospital beds, IV posts and negative-pressured isolation stretchers.Read also: COVID-19: Textile factories face hurdles as they switch to producing medical gearArief said that the firm was also working to build a new production facility to produce surgical masks that was expected to start production by the end of April.“We expect the facility can produce 10 million to 12 million surgical masks a month,” he said.The company says it is continuing to innovate by developing a new product to be used for COVID-19 treatment facilities. “We just developed a new product called emergency isolation room that can be used by local administrations that need emergency treatment facilities outside of hospitals, such as in stadiums or public halls,” Arief added.A sharp increase in demand for masks has also prompted other manufacturers from various industries to produce masks and other PPE.Textile companies like publicly listed PT Pan Brothers and PT Sri Rejeki Isman (Sritex) have switched some of their production lines to making masks and coveralls. Pan Brothers agreed to produce 20 million washable masks and 100,000 jumpsuits by April, as ordered by the government and retailers.Most recently, conglomerate Sinar Mas Group announced that it plans to build a new production facility under its paper producer subsidiary, Asia Pulp & Paper (APP), that could produce 1.8 million surgical masks per month.Topics : “We have been asked by the Defense Ministry and the State-Owned Enterprises (SOEs) Ministry to join the COVID-19 ventilator team to produce prototypes for commercial use,” he said by text message. “Once the prototypes pass the Health Ministry’s tests, we are ready to modify our production lines to produce the ventilators.”Ventilators are in short supply globally as countries around the world scramble to contain the COVID-19 pandemic. The group of 20 largest economies (G20) has pledged to create a supportive global supply chain environment to address a global deficit of medical gear, notably for personal protective equipment (PPE), test kits and ventilators.Read also: Indonesian manufacturers step up as G20 nations coordinate global medical supplyIndonesia currently has 8,936 ventilators dispersed in 1,827 hospitals across the country, according to Health Ministry data from March 23. Meanwhile, the number of COVID-19 cases in the country has reached 2,738, with 221 fatalities, the highest death toll in Southeast Asia. Scientists have estimated that the number of cases could reach 71,000 by the end of April.last_img read more

  • Governor Wolf Names New Members to the Pennsylvania Commission for Women

    first_img SHARE Email Facebook Twitter Governor Wolf Names New Members to the Pennsylvania Commission for Women First Lady Frances Wolf,  Press Release Harrisburg, PA – Governor Tom Wolf today announced the appointment of nine dedicated business, civic, and community leaders to serve on the Pennsylvania Commission for Women. The new commissioners, along with 25 returning commissioners, were sworn in by Secretary of State Kathy Boockvar at the Governor’s Residence.“We owe it to our families and communities to remove barriers that women too often face at school, work, and home,” said Governor Wolf. “The Commission for Women serves as a powerful voice and has worked tirelessly over the last four years to represent the best interests of Pennsylvania’s women and girls. With the addition of these nine new members who are just as passionate and dedicated, we will work together to ensure women are treated equally and that their rights are protected.”“Now, more than ever, women need to be active and engaged so that our interests are represented,” said Commission Chair Randi Teplitz. “I am proud that the Commission for Women has been a leader on issues such as campus sexual assault prevention and pay equity. We look forward to continuing to work with Governor Wolf and other policymakers on behalf of women and girls in Pennsylvania.”The Commission for Women, which was created by Executive Order and consists of volunteer members, is responsible for advising the governor on policies and legislation that impact women; supporting economic and civic opportunities for women; encouraging mentoring programs for girls and young women; identifying programs and opportunities for the benefit and advancement of women; and serving as a resource center for Pennsylvania women. The Commission also acts as an advocate for policies and legislation that impact women and girls in Pennsylvania.Below is a full list of the individuals appointed as members of the Pennsylvania Commission for Women.New Appointees:Senator Camera Bartolotta (Washington County)Itha Cao (Allegheny County)Blayre Holmes Davis (Allegheny County)Catherine Domanska Elliott (Lancaster County)Caitlin Handerhan (Erie County)Senator Pam Iovino (Allegheny County)Sara Manzano-Diaz (Philadelphia County)Nabila Taha (Dauphin County)Stefanie Valar (Lancaster County)Returning Commissioners:Anne Ard (Centre County)Donna Barbetti (Lackawanna County)Rep. Karen Boback (Luzerne County)Dana Brown (Allegheny County)Jessica Brubaker (York County)Rep. Carolyn T. Comitta (Chester County)Congresswoman Madeleine Dean (Montgomery County)Kristen Houser (Dauphin County)Susan Jacobson (Philadelphia County)Denise Johnson (Crawford County)Jazelle Jones (Philadelphia County)Claire E. Kelling (Centre County)BJ Leber (Allegheny County)Grace McGregor Kramer (Lackawanna County)Leslie Anne Miller (Delaware County)Deborah Melamut Minkoff (Montgomery County)Tina Nixon (Dauphin County)Jessica Rothchild (Lackawanna County)Patti Stirk (York County)Tiffany Tavarez (Philadelphia County)Randi Teplitz (Dauphin County)Lesley Ward (Dauphin County)Tracey Welson-Rossman (Montgomery County)Erin Willford-Skipworth (York County)Michelle Zmijanac (Allegheny County)For more information on the Commission for Women, contact [email protected] or 717-831-3224.center_img October 17, 2019last_img read more

  • Swiss pension funds see boost in funding ratio following market turmoil

    first_imgThe report also showed that pension funds allocated 35.1% of their assets to fixed income, 30.8% to equities, 20.2% to real estate, and 9.6% to alternative investments.Private equity made up the largest share of the alternative investments portion with 22%, followed by hedge funds with 18%, private debt 14%, infrastructures 14%, commodities 13%, insurance linked securities 10% and other alternative investments at 9%.The share of alternative investments in larger pension funds stood at 9.9%, and 4.7% in smaller funds.According to Complementa, the proportion of foreign investments is larger for bigger pension funds with 50.3%, while smaller pension schemes show a “home bias” approach with a foreign allocation worth 36.3%.RatesThe interest rate on pension capital rose significantly to 2.4% in 2019, the highest level since the financial crisis in 2008.Volatile equity markets will decide whether the interest rate on pension capital will remain high this year too, it said.The Umwandlungssatz (UWS), the conversion rate used to calculate pension payouts from accrued assets upon retirement, dropped from 5.63% in 2019 to 5.57% this year. Pension funds plan to apply a conversion rate of 5.32% in 2025.The actuarial correct value for the conversion rate is 4.68%, significantly lower than the value of 6% discussed as part of the reform of the second pillar.According to Complementa’s report, for pension funds, a conversion rate of 5% is largely acceptable, while 4.5% is still acceptable for half of respondents. Respondents believe that the conversion rate should not drop below 4%.Complementa’s research is based on data collected from 443 pension funds with assets worth CHF725bn (€665.7bn). The number active of pension funds in Switzerland has been decreasing steadily from 2,935 schemes in 2004 to 1,562 in 2018.To read the digital edition of IPE’s latest magazine click here. Swiss pension funds have seen their funding ratios increase to 106.8% at the end of August through positive return of 0.3%, according to Complementa’s latest Risk Check-up 2020 report.The recent turmoil in equity markets led to a slump in funding ratios of 8.1%, which have recovered by August by 6.8 percentage points, but compared to the prior year remain down by 1.3 percentage points.According to Complementa, pension schemes have to generate 2.2% in returns by the end of the year in order to keep funding ratios at constant levels.Riskier investments benefited the most from April figures following the downturn in February and March.last_img read more

  • Relaxed renovation philosophy when transforming property

    first_imgThe bathroom has plenty of storage.This calm approach made the process enjoyable for the couple, and also meant they achieved a lot over the years.They replaced the gutters and added more, painted and rendered the exterior of the home, and renovated the kitchen and the bathroom. The kitchen has been recently renovated.“We saw it and there were just a couple of small things we could do to lift the property,” he said.“It was an older house but really well built, with hardwoods, so it seemed like it had really good bones.” The bedrooms are versatile.They replaced most of the light fittings, put in a new hot water system, and outside they cut down a number of trees, renovated the pool, added new turf and fencing. More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agoPolished timber floorboards flow through the house.Bit by bit, the couple renovated the property, but Mr Machura said they were in no rush.“It was never like ‘we need to do this right now’, we did it because we saw a vision of how we wanted to present the property,” he said.“When I felt like doing renos, I’d do them, and when I didn’t feel like it I didn’t.”center_img The house at 80 Gatton Street, Mount Gravatt East, is for sale.MARCIN Machura and his wife Cynamon Norris bought their Mount Gravatt East home four years ago for its potential.Mr Machura said they had been looking for a property they could improve and the house at 80 Gatton St fit the bill. The pool has been renovated and an entertainment area added.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p270p270pAutoA, 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 Rate1xFullscreenStarting your hunt for a dream home00:51last_img read more