Businesses give thumbs down to paying extra rates

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Romania faces ‘last call’ to save second pillar

first_imgWere the proposals to be enacted, pension providers fear the government would nationalise pension assets in a move similar to other countries in central and eastern Europe, including Hungary and Poland. One senior figure said the sector needed to act, referring to a “last call to save the sector”.Pension managers have been reluctant to criticise the Social Democrat government directly, however, and it is hoped that the increase will be removed from draft legislation or watered down to a more palatable level. Romania’s finance and pensions sector is continuing to fight a government proposal that it fears could kill off the funded second pillar.The proposal, included in general fiscal measures published at the end of last year, would introduce a minimum capital requirement of up to 10% of annual pension contributions. No provider would be able to comply, IPE understands, which would effectively force second pillar providers out of business.Although the requirement would apply from end-June 2019, an effective deadline of April is looming. This is the date by which pension companies must state their intention to comply with the measures in their audited annual reports.Romania’s funded pension system manages assets of over RON25bn (€5.3bn) for 7 million citizens. It follows the so-called World Bank model of pension savings, channelling contributions from the first-pillar system to funded accounts. Lucian Anghel, Bucharest Stock Exchange“Romanian private pension funds are the most important domestic institutional investors”Lucian Anghel, Bucharest Stock ExchangeAt a conference organised by the Bucharest Stock Exchange this week, 60% of attendees in an electronic poll thought a workaround would be possible.Representatives of the finance sector were keen to emphasise the importance of the second-pillar funds to the domestic economy.Radu Hanga, president of the Romanian Fund Management Association (AAF), said: “The economic growth of Romania is, and will be, strongly linked to the development of the capital market and on the availability of long-term funding for local companies.“This is why we consider that the growth of the local fund management industry and of the private pension system are the key elements for our future and should be part of our country’s long-term strategy.”Lucian Anghel, chairman of the Bucharest Stock Exchange, noted that the pension system had achieved annualised returns of over 8% in the last decade, which he said were among the highest in Europe.“This can be considered exceptional at global level, being high above the inflation rate and government bond yields,” he said. “Private pensions have brought exceptional added-value to participants, increasing their accumulated amounts. “Romanian private pension funds are the most important domestic institutional investors. They hold above 10% of the domestic market capitalisation of the Bucharest exchange and have contributed essentially to all IPOs that ran on the stock exchange.“In this way, they contributed to the business development of Romanian entrepreneurs and created added-value, supporting economic growth and the increase of the population’s welfare in the last 10 years.”last_img read more

How Brisbane man got rich off apartments

first_imgThe design was all about open plan living.The 278sq m apartment was transferred to him in 2009 with a value of $1.304m.He had marketed his last remaining apartment at $1.38m and it sold for an undisclosed sum after 71 days on the market according to CoreLogic records. That’s in line with the CBD’s median days on market of 76. RAFTER COUNTRY: HOW PROPERTY FULFILLED A CHAMPION FAMILY GET THE COURIER-MAIL’S REAL ESTATE NEWS FREE & DIRECT TO INBOX How the Pinnacle building in the Parklands development looks today. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 10:02Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -10:02 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p270p270p180p180pAutoA, 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 Rate1xFullscreenJune, 2018: Liz Tilley talks prestige property10:02 A file photo of Kim and David Pradella at the launch of their Pinnacle building at Parklands in 2003. The apartments were ahead of the times, favouring indoor-outdoor flow. QUEENSLAND’S RECORD-BREAKING MEGA PENTHOUSE FORMER ORIGIN STAR STILL KICKING GOALS IN 2018 The development won a multitude of accolades for the brothers including awards for urban renewal and multi level development, project over $100m and marketing excellence.David Pradella personally owned four luxury apartments across the development, with the three bedder at 6007/6 Parkland Boulevard the last one he’d held onto for about a decade. 6007/6 Parkland Boulevard, Brisbane City Qld 4000WHAT oversupply? Queensland richlister David Pradella can give a masterclass in flipping units, selling off his final apartment in The Parklands Brisbane that made he and brother Kim rich.The brothers have been involved in a multitude of developments after taking on the Pradella business from their father Cesare, who kicked off the family wealth when he began prefabricating houses 59 years ago. Looking towards the family living spaces in the L-shaped apartment.He’d also owned a 126 sqm two bedder that last sold for $700,000 in 2015, another 225 sqm one that sold for $1.6m in 2009 and a 219 sqm three bedder that also last transacted for $1.8m. The Brisbane CBD has seen a surge in new developments in recent years, which has seen the median price rise just 1.2 per cent in the past decade. FOLLOW SOPHIE FOSTER ON FACEBOOK PRADELLA RESIDENTIAL PROJECTS COMPLETED: 2015 Liberte — Kangaroo Point 2015Gardens — West End 2014 Skyview — Kelvin GroveCanvas — South Brisbane 2013 More from newsParks and wildlife the new lust-haves post coronavirus18 hours agoNoosa’s best beachfront penthouse is about to hit the market18 hours agoUrban Edge — Kelvin Grove 2010 Flow — West End 2009 Tempo — West EndParkland — Brisbane CBD 2006 Allegro — South Brisbane 2005 Viva — Fortitude Valley 2004 Leftbank — West End 2003 Encore — ToowongRiva — IndooroopillyThe Shoals — Mackay 2001 Verandahs — Indooroopilly 2000 West End Central — West End 1999 La Foresta — Bardon 1994 Paradise Island — Gold Coast 1988 Hillcrest — South Brisbane 1986 Centrepoint — Spring Hill 1981 The Summit — Spring Hill 1969 Ridge — Spring Hill (Source: Pradella) David Pradella.The Parklands at Roma Street in the Brisbane CBD was a five building development created in 2003 that was ahead of the times, with amenities such as a 25 metre indoor heated lap pool, two outdoor pools, spas, sauna rooms, change rooms, fully equipped gyms and BBQ facilities, meeting rooms, and large entertainment spaces.last_img read more

Rebels are bound for Belleville

first_imgBELLEVILLE, Kan. – United Rebel Sprint Series regulars and a host of IMCA RaceSaver Sprint Car competitors hit the Belleville High Banks on Tuesday, July 3 for a $1,000 to win main event.Defending champion Zach Blurton currently leads the Rebels point standings over Brian Herbert coming into a big week of racing as they will compete Tuesday in Belleville and Saturday night head to Nebraska as the Rebels will hit Lincoln County Raceway in North Platte for the $1,500 to win third annual Ron Williams/Dick (Snoose) Myers Memorial.On the following day, they head down to Dawson County Raceway in Lexington for a $700 to win feature.For more information contact Rick Salem at 785 475-7010 or email at rksalem@eaglecom.net/last_img read more

Woman Shot on I-95 in Miami Dies; Officials Searching for Suspects

first_imgFHP is trying to determine whether Gonzalez was targeted, or if she was hit by a stray bullet.Cortina told authorities the gunshots came from inside a dark-colored vehicle. A woman who was shot while driving through Northwest Miami-Dade County on Friday night has died.Authorities announced the death of 22-year-old Melissa Gonzalez on Saturday afternoon.According to the Florida Highway Patrol, she was shot while driving southbound on I-95, near the 79th Street exit.Gonzalez’s passenger, identified as 26-year-old Julian Cortina, says he heard the gunfire, looked over and saw that Gonzalez had been hurt.They pulled onto the shoulder of the highway’s express lanes and called for help.The southbound lanes of I-95 at Northwest 79th Street, which had been shut down overnight, were reopened at around 5:30 a.m. Saturday.Southbound I-95 is currently shutdown at NW 79 ST. Troopers are on scene investigating a Highway Shooting. Please avoid the area and seek an alternate route! pic.twitter.com/7JsnsVhc2Z— FHP Miami (@FHPMiami) January 4, 2020last_img read more

Race : Division-III SCAC in danger of collapse following realignment

first_img Facebook Twitter Google+ Comments Published on October 23, 2011 at 12:00 pm Contact Nick: nctoney@syr.edu | @nicktoneytweetscenter_img Trinity College football is undoubtedly more famous for its 15 minutes of SportsCenter fame than it is for the fame that accompanied its 14 Southern Collegiate Athletic Conference titles. The Division-III team from San Antonio, Texas, defeated rival Millsaps (Miss.) College after 15 laterals on the game’s final play in 2007, making a splash on ESPN soon after.Now, Trinity’s athletic conference, the SCAC, is trying to stage a last-second comeback of its own. The continuous shifting landscape of college athletics has seeped its way into Division III, and in June 2011, five of the seven football-playing members of the conference announced they would join three other schools to form the Southern Athletic Association — a new breakaway league.The difference between the SCAC and other academically driven Division-III leagues — like the New England Small College Athletic Conference and the University Athletic Association — is geography.  SCAC football in its current format features seven schools from five different states. The league’s commissioner, Dwayne Hanberry, said his conference is the only one in Division III in which air travel is the rule, not the exception. And Centre (Ky.) College head coach Andy Frye said budgetary cutbacks in 2008 made travel expenses infeasible for small schools in the SCAC that struggle to make budget for their education.‘It didn’t make sense to pay for airfare, meals and lodging for entire football teams and coaches,’ Frye said. ‘Then you factor in all the other sports we play and their travel costs. We couldn’t justify it.’AdvertisementThis is placeholder textBut strangely, the 49th and last year of the current version of the SCAC is its most competitive in football. Millsaps, Birmingham-Southern (Ala.) College, Centre College, Rhodes (Tenn.) College and Sewanee (Tenn.) University may be leaving the SCAC at the end of this academic year, but this year’s race is as close it gets.Two of the seven teams are undefeated in conference play, while two others have just one loss.Jason Guthrie, an assistant at Trinity, one of the two football-playing schools left in the rubble, doesn’t want his team to go home ’empty-handed’ after the conference walls come crashing down.‘If this is the last year of the SCAC — and it looks like it — we’ve just got to worry about what’s coming up next week,’ Guthrie said. ‘It doesn’t mean anything if we don’t win a title.’Other SCAC teams are playing with that sense of urgency, too. Because only Trinity and Austin (Texas) College will remain as football-playing schools in the league, the SCAC lost its automatic qualifier for the Division-III playoffs for 2012-13.That means this is the last season the winner of the conference is guaranteed a playoff spot. Centre (6-0, 3-0 SCAC) is tied with Trinity (7-0, 3-0) atop the conference. Millsaps (4-3) has a 3-1 conference record as well.But in the race for the last automatic playoff spot for the SCAC, no team has a stranger story than Birmingham-Southern (5-1,2-1).The small liberal arts school of 1,500 dropped out of the Big South, a Division-I conference, to join the SCAC in 2007 because of pricey scholarship costs.The only caveat: The Panthers had to wait a three-year grace period before they were eligible for postseason appearances. This means the Panthers’ first year of playoff eligibility will be its last as an SCAC member.But Birmingham-Southern Athletic Director Joe Dean Jr. said the impending conference reshuffling should be the least of the football team’s concerns. The Panthers have a Saturday showdown with Trinity that could decide who grabs that automatic qualifier.‘If we don’t win this weekend, we don’t have a good shot of catching Trinity or Centre,’ Dean said. ‘So we’re not worried about the SAA right now.’Hanberry, the commissioner of the splintered SCAC, doesn’t share Dean’s lack of concern about the future. The last-minute success of the conference is ‘bittersweet’ to Hanberry, who said he ‘has the SCAC in his blood.’Should Hansberry fail in his attempt to find football-playing replacements, the competition of the SCAC could never be seen again. The problem of losing an automatic qualifier isn’t even as big an issue as scheduling opponents for a two-team football conference. The SAA-bound teams will schedule Trinity next fall, but only as a courtesy so the school doesn’t have to scramble to fill its schedule.That gives the SCAC a little more than a year to form a new college football conference before the two teams encounter problems making a full schedule.Hanberry said he knows exactly what he wants from potential suitors. He just doesn’t know if those universities exist, play football and would be interested in joining a conference without a guaranteed ticket to the playoffs.‘We’ll look for schools that fit what we’ve come to expect,’ Hanberry said. ‘We won’t let you in for any sports if you’re not a philosophical and academic fit first.’Trinity and Centre, the two undefeated schools in the conference, meet Nov. 5. The outcome of that game will more than likely send the winner to the Division-III playoffs.Trinity is looking for its 15th SCAC championship. But Frye, the Centre head coach, would like to take the title in his team’s last opportunity to win.‘Trinity’s run brought our league play to a new level,’ Frye said. ‘But only one team is going to get that last AQ.’nctoney@syr.edulast_img read more

Steve Ishmael named ACC Receiver of the Week

first_img Published on November 6, 2017 at 1:57 pm Contact Matthew: mguti100@syr.edu | @MatthewGut21 Syracuse senior wide receiver Steve Ishmael on Monday was named the Atlantic Coast Conference Receiver of the Week for his performance against Florida State on Saturday.Ishmael, who ranks fourth in the country with 986 receiving yards, caught 12 passes for a career-high 143 yards and a touchdown in SU’s (4-5, 2-3 Atlantic Coast) 27-24 loss at FSU. He grabbed a 34-yard touchdown to cut the FSU lead to seven in the first half. In the second, he had a nine-yard catch at the sideline with 11 seconds on the clock. It set up a potential tying field goal attempt, which senior kicker Cole Murphy missed.Last month, Ishmael was named to the Associated Press’ midseason All-America Second Team. He caught the final touchdown of Syracuse’s upset over then-No. 2 Clemson.On Oct. 21 against Miami, the Miami native played in front of his parents for the first time since his senior year of high school. He ranks second on the ACC’s active receiving yardage list and, through nine games this season, already has more catches and receiving yards than he has had in any of the previous three.“Steve, I think he’s hands-down the best receiver in the nation,” Syracuse junior quarterback Eric Dungey said after the Clemson win.AdvertisementThis is placeholder textThe Orange, two wins away from ensuring bowl eligibility with three games left on the schedule, hosts Wake Forest (5-4) on Saturday at 3 p.m. Comments Facebook Twitter Google+last_img read more

COLUMN: We can’t forgive violent athletes

first_imgWhen I first began researching the topic of violence in football for the Daily Trojan’s supplement a month ago, I thought I knew what to expect.I’ve read the headlines, I’ve seen the statistics. But as I researched, I learned more than I ever wanted to know about the violence that athletics programs, both collegiate and professional, attempt to gloss over to protect their talent.I love sports. I always have, and I always will. Yet the more that I learn about the darker side of athletics, the more I wonder what we’re getting wrong. I spent the last few weeks looking, and I finally realized that the trait that most commonly protects violent athletes and allows this cycle to continue is rather unexpected — forgiveness.For me, the most disturbing part of the rhetoric surrounding the issue of sexual assault and violence in athletics is the myth of the “second chance.” We hear it time and time again — an athlete made a mistake, slipped up, got himself in trouble when he was young and stupid and didn’t know any better. Now we’re supposed to believe that he’s taken a turn for the better, that his head and heart is in the right place. We’re supposed to believe that he isn’t a threat anymore.I do believe in second chances, and third and fourth and fifth chances, but only in circumstances where the possibility of redemption outweighs the atrocity of the past errors. Earlier this month, I binge watched the entirety of the Netflix docuseries Last Chance U, which follows the paths of several young men spending a year playing football at a junior college in Scooba, Miss. after leaving Division I colleges. The main subjects of the series are entertaining, passionate and spirited, and it’s hard not to root for them throughout its six episodes. Each of these athletes messed up — some with grades, others with position competition — and is looking for a second chance. These athletes are easy to relate to because their mistakes only hurt themselves, and their only wrongdoings come from not living up to their own potential. They deserve second chances because the weight of their error is carried entirely upon their own shoulders.But young athletes who commit violent acts don’t deserve that second chance. It’s one thing to truly “mess up,” to fail a class or get drunk and miss practice or even to yell at a coach. It is completely different for an athlete to harm another person, and that can’t be tolerated anymore.Something has to be done. It’s absurd, preposterous and dangerous to let this go any longer.I understand the complexities of enforcing this stance. As a fan of the Kansas Jayhawks this year, I was completely shocked to see one of my favorite players, Carlton Bragg, charged with assaulting a woman at a campus apartment building. For a week, I was horrified that this player, who always attacked the court with warmth and a goofy grin, could have hurt a woman.In Bragg’s investigation, however, security footage revealed that he was completely innocent — the woman who accused him of assaulting her had actually been the one responsible, both verbally and physically attacking Bragg, who attempted to keep her at arm’s length. If it weren’t for a conveniently placed video camera, that case could have ended Bragg’s career. And I know that similar situations happen without a camera across the country. Ambiguities occur constantly in situations of assault, particularly when all that is involved is one person’s word against another’s. But in the cases of cut-and-dried violence, there is no reason for any exceptions, any forgiveness, any second chances. Take Joe Mixon, who spent a season suspended from Oklahoma after knocking out a girl at a restaurant, or Tyreek Hill, who was kicked out of Oklahoma State after brutally attacking his pregnant girlfriend. These players committed acts that should be unforgivable, yet their futures seem destined for NFL stardom.At the end of the day, though, what are teams gaining by picking up these athletes? Maybe they can run 4.24-second 40-yard dashes, maybe they can slice through offensive lines like butter. But what is gained by picking up a talented athlete who is also capable of causing harm off the football field?Sports are, and always have been, about so much more than just winning. Sports are about loyalty, dedication, faith, heart and inspiration. We don’t paint our bodies red and gold, we don’t stand in negative-3-degree snowstorms, we don’t fly halfway across the country and spend hundreds on jerseys and scream at our TVs because of a score.We do this because of love. For our teams, for our games, for our players — we all do this out of love, whether we are coaches or athletes or fans. There is nothing like a love for sports because it can outlast a lifetime of losing streaks and poor trades and untimely injuries.There’s no place in that love for violence. And as fans, we must stand strong in this belief to protect the games we love.Julia Poe is a sophomore studying print and digital journalism. She is also the sports editor of the Daily Trojan. Her column, “Poe’s Perspective,” ran on Wednesdays.last_img read more

Eguma Calls for Fans’ Total Support against Real Bamako

first_imgEguma is drumming up support ahead of the game and is calling on fans of the club to turn out in their numbers to cheer the side to victory.“We expect our fans and all Rivers people to come out (in their numbers) to support the team on Sunday.“We are representing not only Rivers state but Nigeria and we are looking to do the country proud.“There was a mammoth crowd in Bamako in the first leg as their fans came out to cheer their side and we will want the same in Port Harcourt,” the trainer told supersport.com.Eguma also dispelled fears over the fitness of striker Lukman Mohammed, who suffered a knock in the first leg.Mohammed trained alone on Wednesday but Eguma said the situation is not one to lose sleep over.“Lukman is an important member of the team and he is fit for the game on Sunday.“I don’t know who will play yet on Sunday as all the players have been training excellently and everyone is fit.“Getting a draw in the first leg does not mean this tie is over.“AS Real Bamako is a very good side technically, with young and mobile players as we experienced first-hand last weekend,” he said.A win for Rivers United will see them progress to the first round of the competition, where they will meet the winner of the tie between Al-Merrikh and Sony Elá NguemaShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram CAF CHAMPIONS LEAGUERivers United Manager, Stanley Eguma, has said that fans of the club have an important role to play in Sunday’s CAF Champions League second leg preliminary round game against Malian club, AS Real Bamako.The tie is evenly poised on a knife edge following a 0-0 draw in the first leg at the Stade Modibo Kéïta, Bamako last Sunday.last_img read more

Decision in Kartel’s appeal delayed

first_imgThe Court of Appeal has reserved its decision in the challenge filed by incarcerated Jamaican dancehall artiste Vybz Kartel and three others against their murder convictions and prison sentences.In court on Tuesday, President of the Court of Appeal, Justice Dennis Morrision gave no indication as to when the decision will be handed down.Priority attention After defense attorneys wrapped up their oral submissions, Morrison only said that the case will be given “some priority attention” and registrar will advise of the date when the judgement will be handed down.Morrison thanked the defense and the prosecution for the effort made in the case, adding that the case consists of more than 6,000 pages of transcripts and a large number of submissions.Contaminated evidence  During five days of submissions in the appeal that was heard before Justices Morrison, Frank Williams and Patrick Brooks, their lawyers argued that their right to a fair trial was prejudiced by several factors, including the admission of “contaminated” evidence during the 17-week murder trial.Among that “contaminated” evidence was a message lifted from Kartel’s BlackBerry phone –  “Between me and you a chop we chop up di bwoy Lizard fine fine and dash him weh.”However, prosecutors insist that the integrity of the evidence remained intact and urged the court to treat the message as an admission to murder.Kartel, whose given name is Adidja Palmer; fellow dancehall artiste Shawn Storm, real name Shawn Campbell; Kahira Jones; and Andre St John are appealing their 2014 convictions and life sentences, for killing Clive ‘Lizard’ Williams in August 2011.last_img read more