HMS Northumberland to Visit County of Northumberland, UK

first_img View post tag: Naval View post tag: Northumberland View post tag: UK Training & Education September 13, 2013 View post tag: Defence View post tag: Defense View post tag: County View post tag: HMScenter_img Back to overview,Home naval-today HMS Northumberland to Visit County of Northumberland, UK View post tag: Visit View post tag: Navy HMS Northumberland to Visit County of Northumberland, UK HMS Northumberland will visit her affiliate County of Northumberland from Friday, September 13 to Monday September 16 and will be berthed at Whitehill Point, which is just upriver from the Ro-Ro berths within the Port of Tyne complex.Numerous events are being planned for the Type 23 frigate and her Ship’s Company, including a Captain’s Luncheon soon after her arrival on the Tyne, with guests including the High Sheriff of Northumberland, Mr Peter Loyd, Councillor Kath Nisbet, Civic Head of Northumberland County Council and Councillor Grant Davey, Leader of Northumberland Council.She is expected to be alongside at around 10.30am.Later that night, the Ship will host a reception and capability demonstration for 120 guests on board, with music provided by Morpeth’s Northumberland Pipe Band, who will be supported by a group of local dancers.Members of the local Sea Cadet unit will provide buglers at the event’s sunset ceremony, the salute of which will be taken by Cllr Nisbet.Also on Friday, the ship’s Merlin helicopter will visit James Calvert Spence College in Amble at 9.10am, with the majority of the school assembled to welcome pilot Lieutenant Karen Barnicoat. The children and staff will then be given the opportunity to view the helicopter up close and speak to the helicopter’s crew.“This is an absolutely terrific opportunity for the children and is a first for us,”said Christine Graham, Executive Head of James Calvert Spence College.“Both children and staff are really excited at the prospect of this visit.”In addition, various schools and recruiting visits are planned, plus sporting events. This includes golf at Northumberland Golf Club, a match against Morpeth RFC, as well as a ship’s team participating in The Great North Run on Sunday.Other activities include a visit by members of the Ship’s Company to Alnwick Castle, Northumberland County Council offices in Morpeth and Kielder Calvert Trust (the ship’s charity), where members of the Ship’s Company will be involved in renovation and maintenance activities.There will be numerous youth visits and tours by local Sea Cadet units and an EEF Industry visit to the ship by technology and engineering business leaders and students.Regrettably, on this occasion – the Ship’s first visit since 2011 – the 3,500-tonne warship will not be open to the general public.Prior to her departure on Monday at 3pm, the Ship’s lady sponsor, Lady Anne Kerr, will visit HMS Northumberland at the invitation of the Commanding Officer, Commander Tristram Kirkwood.He said:“I know my entire Ship’s Company is looking forward to renewing our close ties with our affiliated county and the people of North Tyneside. It’s an honour to be invited back to the County of Northumberland and we are very much looking forward to the visit.”Northumberland recently returned from a seven-month deployment to the Middle East and East Coast of Africa where she was engaged in counter-piracy and counter-narcotic operations. She was one of the Navy’s two frigates supporting the 2012 Cougar deployment to the Mediterranean last year, and most recently represented the Royal Navy at the prestigious Bournemouth Air Festival.Powerful and versatile with the capability to operate anywhere in the world, the Type 23 frigate is the mainstay of the modern surface fleet and the 13 Type 23s form 50% of the total frigate/destroyer force in the Royal Navy.Originally designed for the principal task of anti-submarine warfare, they have evolved into powerful and versatile multi purpose ships with the capability to operate anywhere in the world. The effectiveness of these ships is enhanced by their stealth design, which reduces their radar signature significantly. In addition to the war fighting roles described above, the ship is trained to conduct a wide range of other tasks.These include embargo operations using boarding teams inserted from the ship’s boats or helicopter, disaster relief work and surveillance operations.Northumberland was built at Swan Hunters at Wallsend on the Tyne, launched in April 1992 by the ship’s sponsor Lady Anne Kerr and accepted into Royal Naval Service in May 1994.She is affiliated to Northumberland County Council, Morpeth Pipe Band, The Light Dragoons and TS Tenacity Sea Cadets to name but a few. The ship’s predecessors have an impressive set of battle honours such as Barfleur in 1692 and Groix Island in 1812.[mappress]Press Release, September 13, 2013; Image: Royal Navy View post tag: News by topic Share this articlelast_img read more

“LEFT JAB AND RIGHT JAB”

first_img“Right Jab And Left Jab” was created because we have two commenters that post on a daily basis either in our “IS IT TRUE” or “Readers Forum” columns concerning National or International issues.Joe Biden and Ronald Reagan’s comments are mostly about issues of national interest.  The majority of our “IS IT TRUE” columns are about local or state issues, so we have decided to give Mr. Biden and Mr. Reagan exclusive access to our newly created “LEFT JAB and RIGHT JAB”  column. They now have this post to exclusively discuss national or world issues that they feel passionate about.We shall be posting the “LEFT JAB” AND “RIGHT JAB” several times a week.  Oh, “Left Jab” is a liberal view and the “Right Jab is representative of the more conservative views. Also, any reader who would like to react to the written comments of the two gentlemen is free to do so. FacebookTwitterCopy LinkEmailShare,“LEFT JAB AND RIGHT JAB” “Right Jab And Left Jab” was created because we have two commenters that post on a daily basis either in our “IS IT TRUE” or “Readers Forum” columns concerning National or International issues.Joe Biden and Ronald Reagan’s comments are mostly about issues of national interest.  The majority of our “IS IT TRUE” columns are about local or state issues, so we have decided to give Mr. Biden and Mr. Reagan exclusive access to our newly created “LEFT JAB and RIGHT JAB”  column. They now have this post to exclusively discuss national or world issues that they feel passionate about.We shall be posting the “LEFT JAB” AND “RIGHT JAB” several times a week.  Oh, “Left Jab” is a liberal view and the “Right Jab is representative of the more conservative views. Also, any reader who would like to react to the written comments of the two gentlemen is free to do so. FOOTNOTE: Any comments posted in this column do not represent the views or opinions of the City-County Observer or our advertiserscenter_img “LEFT JAB AND RIGHT JAB” FOOTNOTE: Any comments posted in this column do not represent the views or opinions of the City-County Observer or our advertisers,“Right Jab And Left Jab” was created because we have two commenters that post on a daily basis either in our “IS IT TRUE” or “Readers Forum” columns concerning National or International issues.Joe Biden and Ronald Reagan’s comments are mostly about issues of national interest.  The majority of our “IS IT TRUE” columns are about local or state issues, so we have decided to give Mr. Biden and Mr. Reagan exclusive access to our newly created “LEFT JAB and RIGHT JAB”  column. They now have this post to exclusively discuss national or world issues that they feel passionate about.We shall be posting the “LEFT JAB” AND “RIGHT JAB” several times a week.  Oh, “Left Jab” is a liberal view and the “Right Jab is representative of the more conservative views. Also, any reader who would like to react to the written comments of the two gentlemen is free to do so.,“Right Jab And Left Jab” was created because we have two commenters that post on a daily basis either in our “IS IT TRUE” or “Readers Forum” columns concerning National or International issues.Joe Biden and Ronald Reagan’s comments are mostly about issues of national interest.  The majority of our “IS IT TRUE” columns are about local or state issues, so we have decided to give Mr. Biden and Mr. Reagan exclusive access to our newly created “LEFT JAB and RIGHT JAB”  column. They now have this post to exclusively discuss national or world issues that they feel passionate about.We shall be posting the “LEFT JAB” AND “RIGHT JAB” several times a week.  Oh, “Left Jab” is a liberal view and the “Right Jab is representative of the more conservative views. Also, any reader who would like to react to the written comments of the two gentlemen is free to do so.last_img read more

Packaging watch

first_imgThe global packaging industry will display the latest processing and packaging trends for a range of sectors including confectionery and baked goods when trade fair Interpack runs in Dusseldorf, Germany, from 24 to 30 April.Interpack 2008 is expected to be the largest ever with exhibitors and visitors spread across 19 halls at the Dusseldorf Trade Centre with participants likely to outnumber the record attendance in 2005. “The Interpack 2008 concept responds to the needs of a market, which is at present developing very positively. This is evident not only in the increased size of traditional exhibitors’ stands but also in the large number of companies that will be making their first appearance at interpack,” said Wilhelm Niedergoker, MD of Messe Dusseldorf.Organisers of the event emphasised the importance of the baking industry for exhibitors. The company said: “Product cycles in the confectionery and bakery industry are becoming shorter and shorter. This means it is important to be able to react to consumer demands quickly. Interpack will be showing flexible machinery solutions from raw material handling to processing and packaging up to shipping to retailers.”Ingredients and packaging suppliers, as well as design companies, will also exhibit at the show.last_img read more

Waxing poetic: Chinese Language Program hosts third biennial poetry competition

first_img加油! Jiāyoú! The Chinese colloquialism — which literally translates to “step on the gas!” and is used to express words of encouragement like “go for it!” or “good luck!” — epitomized the spirit of this year’s Chinese Poetry Recitation Contest. The event, held for the 3rd time last Thursday, Oct. 29, is organized every other year by the Chinese Language Program within the Department of East Asian Languages and Civilizations. Faculty, students, staff, and interested members of the public convened in the Harvard-Yenching Auditorium at 2 Divinity Ave. to listen to student performances of traditional and contemporary Chinese verse while snacking on an assortment of Chinese pastries and beverages. Before the recitals, an upbeat video showcased students explaining their reasons for taking the language, featured instructor skits in Chinese, and ended in a chorus of “Jiāyoús” as inspiration for the contest. Taking the enthusiastic applause as a cue, emcees Qianqian Yang, Van Rhyn Jacques (both fourth-year Chinese language students), and Amanda Fang (a fifth-year student), took to the stage to commence the recitations.This year’s 32 contestants were organized into three groups based on skill level, starting with beginners, intermediate students, and advanced students, respectively. Emcee Amanda Fang noted the “poetic atmosphere” in the room and predicted performances to be “wholly successful” throughout the “beautiful autumn afternoon.” Read Full Storylast_img read more

Carter: Islamic State will be defeated

first_img <a href=”https://www.youtube.com/watch?v=FGugpmN_S8w” rel=”nofollow” target=”_blank”> <img src=”https://img.youtube.com/vi/FGugpmN_S8w/0.jpg” alt=”0″ title=”How To Choose The Correct Channel Type For Your Video Content ” /> </a> At a critical point when the United States and other world powers are grappling with how best to halt the savage military and terrorist campaigns of the Islamic State of Iraq and the Levant, also known as ISIL and ISIS, Defense Secretary Ashton Carter was crystal-clear during a Harvard appearance, saying, “We have to defeat ISIL. We will defeat ISIL.”Carter returned Tuesday evening to the Harvard Kennedy School (HKS), where he was a faculty member from 1984 to early 2011, to talk with Graham Allison, director of the Belfer Center for Science and International Affairs, about the conflict in Syria and to pitch Harvard students on the many public service opportunities available in the military.Harvard ROTC students and invited military guests attended the talk. Rose Lincoln/Harvard Staff PhotographerEarlier in the day, Carter appeared before the House Armed Services Committee to discuss new steps to combat ISIL that the U.S. military has taken in the weeks since the Paris terrorist attacks.In addition to ramped-up airstrikes, Carter said in explaining those actions, a new “expeditionary targeting force” will operate on the ground, conducting raids throughout Syria and in Iraq where permitted by the Baghdad government.“The objective there will be to take out ISIL leadership, to capture ISIL leadership, to rescue hostages as we’ve done, to collect intelligence, and to make ISIL wonder … when they go to bed at night, who’s going to be coming through that window.”Stressing the importance that the war against the Islamic State be multinational, Carter said he had sent letters to his counterparts in various countries Monday seeking support and suggesting ways they can help in the effort. While France is “galvanized” by the Paris attacks and Britain just approved action against ISIL, support is a “decidedly mixed picture” across Europe and in the Gulf states, he said.“The United States must lead in this fight, but we need others to go with us; we need others to do more.”During the session’s question-and-answer period, Carter was asked how the United States would hope to remove Syrian President Bashar al-Assad without risking further escalation of tensions with Russia. Carter said that Russian airstrikes against various groups that oppose Assad, rather than ISIL, are “doomed to fail.”“The Russians got off on the wrong foot on this. They were doing something not only that was wrong-headed, but backwards,” he said.And while it is “pivotal that there be a political transition in Syria” that “must involve Bashar al-Assad moving on,” Carter said, that must be done quickly and in a way that preserves whatever is still “decent and structured” in Syria so ISIL’s defeat doesn’t leave a political vacuum.“We’ve learned from our 14 years in Iraq and Afghanistan that in order to have a lasting,” positive effect following regime change, local forces must be involved early on, he said.Carter was not asked by questioners to detail the proposed deployment of expeditionary forces or to comment on last week’s announcement by a top NATO and U.S. commander that the Oct. 3 bombing of a Doctors Without Borders hospital in Afghanistan, which killed 30 civilians, was the “direct result of avoidable human error.”In thinking ahead to the next generation of military leaders and personnel, Carter made a strong pitch to Harvard students about the value of military service and the lesser-known opportunities open to those who don’t see themselves on a battlefield but want to work on global issues of consequence.A former physicist, Carter recalled that most of the technology breakthroughs that followed World War II originated in the United States and from within the Defense Department.“Now, neither of those are true anymore. We still do a lot … but it’s not like it used to be,” he said. “Lots of things came out of defense. I can’t recreate those days, but I can try to rebuild that bridge.”Carter hopes to find ways to get today’s technology community interested again in partnering with the government, though he acknowledged that Edward Snowden’s revelations about the U.S. surveillance program has hurt that effort. “We have to face up to that and try to rebuild trust, rebuild those relationships.”There’s much work to be done in vital areas like cyber defense, where the United States is “still groping” for a better understanding of how to protect itself against attacks and espionage. There is also work to be done in managing and defending against violent extremism, and in the biological sciences, where Carter expects revolutionary advances will play a major role in the decades to come.“Violent extremism is with us to stay — and I don’t mean ISIL,” he said. As power becomes more and more decentralized globally, he said, smaller and smaller groups will be able to cause far greater damage than ever before. “And if they’re able to get their hands — even in small numbers — on hugely destructive weapons, that is a problem for society as a whole. I think that’s part of our future, far into the future.”A Conversation with Ashton B. Carter | Institute of Politics United States Secretary of Defense Ashton Carter joined moderator Graham Allison, director of the Belfer Center for Science and International Affairs and HKS Douglas Dillon Professor of Government, for a conversation on national security and recent world events. Discussion topics covered activity in the South China Sea, the Paris attacks, increasing need for cybersecurity, ISIL, Russian aggression in Ukraine, and more.last_img read more

Revolution in the Elbow Begins Performances Off-Broadway

first_imgNeed Some Elbow Room? Head off-Broadway! The world premiere of Revolution in the Elbow of Ragnar Agnarsson Furniture Painter starts preview performances on July 31 at off-Broadway’s Minetta Lane Theatre. The new tuner, which features a book, music and lyrics by Ívar Páll Jónsson, stars Tony winner Cady Huffman and Kate Shindle. Revolution in the Elbow of Ragnar Agnarsson Furniture Painter Opening night for Revolution in the Elbow is set for August 13. In addition to Huffman and Shindle, the tuner features Rick Faugno, Michael Biren, Patrick Boll, Zach Cossman, Karli Dinardo, Danielle Kelsey, Graydon Long, Brad Nacht, Marrick Smith and Jesse Wildman. Directed by Bergur Þór Ingólfsson and based on a story by Ívar and Gunnlaugur Jónsson, Revolution in the Elbow of Ragnar Agnarsson Furniture Painter answers the hypothetical question, “have you ever wondered what’s going on inside your elbow?” (A question we have always asked ourselves.) The emotionally charged rock love story explores a love triangle set in Elbowville, a small community within Ragnar Agnarsson’s body. Elbowville mayor Manuela (Huffman) must deal with a crisis when a “prosperity machine” compromises the peace of the sweet little community. Related Shows View Comments Show Closed This production ended its run on Sept. 20, 2014last_img read more

Bar ethics panel set to deal with third-party claims

first_img December 15, 2002 Gary Blankenship Senior Editor Regular News Bar ethics panel set to deal with third-party claims Senior EditorAfter a quiet year for formal ethical advisory opinions, the Professional Ethics Committee is set to consider six opinions at its January 17 gathering in Miami, during the Bar’s Midyear Meeting.The topics will range from what lawyers should do when holding client property that is subject to third-party claims to lawyers requiring binding arbitration for disagreements in their client contracts to getting referral fees from nonlawyers.Four of the opinions have been drafted by subcommittees or bar staff and are before the PEC for initial review. Two have been adopted as proposed opinions and the committee is seeking input from Bar members.The text of all the opinions can be found on the Bar’s Web site, FLABAR.org. Click on the Ethics Opinion link on the home page, and then click on the link to Proposed Advisory Opinions.On the client property issues, PAO 02-4, the draft notes most cases arise from personal injury settlements where the client has signed a letter of protection or otherwise promised to pay for medical care, although other types of disputes also arise.The draft says that a lawyer must have actual knowledge of a third-party claim for that claim to be honored, and the claim must be valid, such as a perfected lien or a court judgment. A mere expectation by a third party to be paid is insufficient. The lawyer must protect such valid claims from interference by the client. But if there is a dispute about whether the money is owed, and the dispute cannot be resolved between the client and third party, the attorney must disburse and account for all funds or property not in dispute and consider interpleading the disputed monies or property into the registry of the court for judicial resolution. The attorney may not on his or her own arbitrarily decide the outcome of the dispute.The draft tracks ethics opinions from several other states.The referral fee issue came from a inquiry from a lawyer who said a stockbroker wanted to pay a referral fee for clients sent to the broker for financial advice. The attorney would also have an option of taking an exam to become an investment broker and then participating in fees from the client based on work done on the investment account.The draft opinion, PAO 02-8, said only rarely could attorneys accept referral fees and then only in cases where the advice is completely unrelated to the legal services provided to the client.“Whenever an attorney is entrusted by a client to provide the client with independent unbiased advice on how to proceed, the client should expect that the advice given is not tainted by the attorney’s own financial interest,” the draft opinion said. “Because of the attorney’s personal interest in receiving a referral fee, this type of conflict of interest cannot be consented to by the client. In order for an attorney to make such a recommendation, the attorney would need to remove any financial interest in making the recommendation by either passing on the benefit to the client or crediting the amount against legal fees.”The binding arbitration matter, covered in draft PAO 02-9, came from an attorney inquiry about the propriety of including a clause in all client retainer agreements requiring clients to seek binding arbitration to resolve any disputes with the lawyer, including on fees and malpractice issues.“[A]n agreement for mandatory binding arbitration to resolve all disputes between an attorney and a client is ethically permissible under specific circumstances,” the draft opinion said.The draft said arbitration does not limit a malpractice claim or resulting damages but merely selects the forum for resolving such a dispute. Consequently the clause would not violate Rule 4-1.8(h) and advice from an outside lawyer would not be required.The draft concluded the lawyers would have to follow the rules on engaging in businesses transactions with clients, which require that the arbitration be fair and reasonable, the clause must be disclosed to the client, and the client must have the option of consulting with another attorney on the clause, and the client must consent in writing. The client must also be told he or she is waiving the right to a jury trial.The committee stated, however, that such a clause would not apply to Bar grievance matters.Other matters coming to the PEC include:• Advising attorneys on responding to clients who already have an attorney but want a second opinion, PAO 02-5. “[A] lawyer may provide a second opinion to a person who is represented by counsel at the person’s request. The lawyer may discuss what services the lawyer would be able to provide if the represented person requests not merely a second opinion, but also information about the lawyer’s availability and qualifications. Whether or not particular communications between the lawyer and the represented person might be considered tortious interference with an existing lawyer-client relationship is a legal question, outside the scope of an ethics opinion.” The PEC got Bar Board of Governors permission to prepare this opinion in response to numerous inquiries from lawyers over the Bar’s ethics hotline. The PEC has approved this opinion and is seeking comment from Bar members.• PAO 02-7 addresses, in response to a question from a lawyer, whether the defendant in an employment discrimination case has to be given a Statement of Insured Client’s Rights when the insurance company hires the lawyer to represent that defendant. The opinion concludes that giving the statement to the client is not required, but the lawyer should make the same kind of disclosures. The statement discusses the lawyer working for both the insurance company and client, and client confidentiality issues, and was developed to help defendants in tort cases.• Draft PAO 02-6, prepared at the direction of the Board of Governors, looks at whether a lawyer can require indemnification from a client before releasing funds from the lawyer’s trust account. The request stemmed from a case where a lawyer represented a seller of real property and the buyer defaulted on a purchase agreement. The seller then requested that the lawyer release the buyer’s deposit, and the lawyer was concerned the buyer could challenge that action. The draft opinion concludes that the lawyer may not release the funds if the lawyer owes a legal duty to the buyer, e.g., under an escrow agreement where the lawyer is acting as an escrow agent in the transaction. If so the lawyer may have to file an interpleader in court. If the lawyer does not have a legal duty to the buyer, then the funds must be released to the seller, the draft says, and requiring a indemnity agreement, based on those facts, would be unethical.Comments on any of the proposed opinions should be submitted to Elizabeth Clark Tarbert, Ethics Counsel, The Florida Bar, 651 E. Jefferson Street, Tallahassee 32399-2300, and must be postmarked no later than December 16, 2002. Bar ethics panel set to deal with third-party claimslast_img read more

Republicans weigh mandatory COVID-19 testing at convention: Sources

first_imgThe RNC is in talks with testing companies to determine the logistics of mass testing and determine whether it is possible to require testing and how frequently, the sources said.“The RNC is committed to holding a safe convention that fully complies with local health regulations in place at the time,” RNC spokesman Mike Reed said. “We are planning to offer health precautions including but not limited to temperature checks, available PPE, aggressive sanitizing protocols, and available COVID-19 testing.”The party had initially planned to hold the convention in Charlotte. But it moved most of the convention activities to Jacksonville after a battle over safety concerns with North Carolina Gov. Roy Cooper, a Democrat.In Florida, Republican Gov. Ron DeSantis reopened the economy and has not demanded strict social distancing, although the state has emerged as one of nation’s new coronavirus trouble spots in recent weeks.Florida reported more than 5,000 new cases daily for nearly a week, including a record of 9,585 cases in one day on June 26. The percentage of test results coming back positive has also increased, suggesting the rise is not just due to more testing but to actual growth in the outbreak.North Carolina is also seeing significant spikes in coronavirus, forcing the governor recently to require face coverings.Democrats will hold a largely virtual convention in August to nominate Biden as their presidential candidate. He will give his acceptance speech in person in Milwaukee, but state delegations will stay home. Topics : The Republican National Committee plans to make coronavirus testing available to all attendees of the party’s convention in August and is discussing whether to make the testing mandatory, according to two people familiar with the matter.The RNC is scrambling to put together plans to hold a largely in-person convention in Florida and North Carolina amid mounting concerns about the spread of the novel coronavirus that has so far killed more than 127,000 Americans.Some 330 delegates will travel to Charlotte to nominate President Donald Trump as the Republican candidate to take on Democrat Joe Biden on Nov. 3, while the more than 2,000 remaining delegates will perform a ceremonial vote in Jacksonville, Florida, to confirm the nomination, according to the RNC.last_img read more

Austrian pension association proposes new long-term savings vehicle

first_imgThe Austrian pension fund federation (FVPK) has proposed a new long-term savings account for payments related to overtime and unused holiday, as it pushes to expand pension coverage through inclusion in a greater number of collective bargaining agreements.Andreas Zakostelsky, the federation’s chairman, backed the introduction of a new type of savings vehicle, a flexible benefit long-term account to be managed “by a professional third party”.According to the chairman, the FVPK wishes to hold talks with social partners about creating the new account structure. Zakostelsky proposed its income would be drawn from overtime pay, bonuses or the cash equivalent of unused leave.He added that the assets could then be invested and later used for sabbaticals, personal care or supplementary retirement. “This is just an idea we want to present, and we think it will start an interesting discussion – all of it has to be voluntary of course,” said Zakostelsky.  Eventually, such a model would require changes to Austrian social and labour legislation, as well as supervisory guidelines.Zakostelsky also said FVPK was in talks with social partners to convince them to include pension fund arrangements in their new collective barganing agreements, most of which are up for negotiation this autumn.Currently 69 out of the 859 collective bargaining agreements setting remuneration standards for various sectors signpost the use of Pensionskassen as way for companies to provide retirement benefits.Zakostelsky said he was convinced collective bargaining agreements would provide the leverage to achieve the FVPK’s goal of doubling the number of Austrians saving into a Pensionskasse.Currently around 23% of all Austrian workers and employees are accruing assets in a Pensionskasse or are already drawing down their supplementary occupational pension.The chairman also took issue with the European Central Bank’s (ECB) current monetary policy, saying it was “questionable” to keep up a low interest rate policy over such a long period to “desperately try and keep the price of a commodity at zero”.“The EU’s low interest rate policy is borderline irresponsible and relatively absurd as we do not really see the effects we hoped for, like kickstarting the economy.”In an unusually critical statement, he also said the ECB’s measures led to “systematic redistribution – not to say expropriation” and were “keeping the middle-income segments from increasing their assets via compound interest effects or indeed any interest rate effects”.The German association of company pension funds previously expressed similar criticism in 2014 and two months ago a representative of the Austrian insurance industry said pension providers were regarded as “collateral damage” of the ECB’s policy. However, Zakostelsky stressed institutional investors such as Pensionskassen were still able to generate some return in the current environment if employing the right risk management.For the first half of 2016, Austrian Pensionskassen only managed an average performance of 0.22%.However, Zakostelsky pointed out over the last three years of low-interest rates the annualised average return stood at 4.14%, and 5.93% over the last five years.last_img read more

Give your backing to current marriage laws

first_imgStuff.co.nz 27 July 2012OPINION: Despite the often-heard, throwaway comment that marriage is “just a piece of paper”, the overwhelming evidence would suggest that this is not so. According to the Statistics Department, in the past five years there were 106,131 marriages in New Zealand – 8000 per cent more than the number of civil unions. Marriage between men and women is still by far the most preferred relationship in society. It is with this evidence and historical and sociological background in mind that we, the undersigned Marlborough church leaders, write in support of marriage. Not only is marriage between men and women a treasured relationship in society, it is guarded by law as such. Monogamy is rightly preferred above all other sorts of relationship because of the emotional, psychological and social benefits it brings to families and society. The complementary nature of men and women is the foundation for security and well-being in relationships, and by extension the family and society. Marriage is an inter-generational, social institution that shapes social order. Some would argue that other forms of relationship are equally valid because they constitute loving and committed relationships. This is an incidental argument. The crux of the matter is not only that relationships be loving and committed, but that marriage between men and women benefits children, communities and society in ways that other forms of relationship do not. If New Zealand wants to be a strong and healthy society for future generations then our civil laws must continue to protect marriage between men and women as a preferred relationship with special status over and above other relationships that are tolerated and/or prohibited. This is what New Zealand civil law must continue to do.http://www.stuff.co.nz/marlborough-express/news/community-papers/7154836/Give-your-backing-to-current-marriage-lawslast_img read more