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Archive of posts published in the category: nbyyovwc

Green Mountain National Forest reopens, some trails still closed

first_imgThe Green Mountain National Forest, including the Moosalamoo National Recreation Area, has re-opened to all Vermonters and visitors as of September 16th.However, the damage to roads, bridges and trails in the Rochester and Middlebury Ranger Districts is extensive. Areas popular with tourists, Texas Falls and the Robert Frost trail, remain closed.Please check the list of closures before directing visitors into the forest or venturing there yourself.last_img

Boeing, Elbit Systems of America Sign MOU for Technology Investment in Brazil

first_img I like it Brazil at the forefront of the great powers. Thank God we have a powerful country in South America. Courageous friend around the world, with an elegant diplomacy, with policies of structural development in the field of agriculture in the future it must be the world’s pantry, they have to watch closely at social investment, which is a global necessity, work hard to reduce the poverty rate. I admire Brazil a lot for their economic potential. slowly but surely Brazil. The Boeing Company and Elbit Systems of America have signed a Memorandum of Understanding (MOU) that supports the development of advanced avionics capabilities in Brazil. Boeing has selected Elbit to provide the Large Area Display system that will be part of an advanced cockpit system to be offered on Boeing fighter aircraft, including the F/A-18E/F Super Hornet and the F-15 family of aircraft, including the Silent Eagle. As a key supplier to Boeing fighter aircraft programs, Elbit has committed to investing in the development of advanced cockpit avionics capabilities at its subsidiary in Brazil, AEL Sistemas S.A. of Porto Alegre. “Boeing and its Tier 1 supplier-partners are committed to bringing key technologies to Brazil,” said Boeing Military Aircraft President Chris Chadwick. “Through the projects identified for AEL Sistemas, Boeing and Elbit support Brazil’s objective of developing the aerospace capabilities of local industry for the sustainment of its current and future military aircraft fleet. At the same time, we’re focused on building long-lasting opportunities for Brazilian industry in the development and production of key technologies as Boeing continues to enhance its family of tactical fighter aircraft to meet the emerging needs of our customers around the globe.” The MOU outlines opportunities for AEL Sistemas to participate in the design, development, production and support of some Large Area Display software and hardware. The knowledge and capabilities gained from this work also will support Elbit and AEL Sistemas’ efforts to establish an Advanced Cockpit Technology Center of Excellence in Brazil, which will position AEL Sistemas to expand its advanced cockpit avionics market reach to other fixed-wing platforms, as well as rotorcraft. Activities proposed for AEL Sistemas enhance Boeing’s industrial participation offer on the F-X2 fighter program. Elbit’s 11-inch by 19-inch (27.9 × 48.2 cm) Large Area Display is the centerpiece of Boeing’s Advanced Cockpit System, an upgrade common to the F/A-18 and F-15 platforms. The Advanced Cockpit System will improve the way the pilot interacts with the aircraft and will enable growth to next-generation visual cueing, improving situational awareness and increasing aircraft effectiveness. By Dialogo March 07, 2012last_img read more

Proactive measures today lead to greater success tomorrow

first_imgWith so many every day challenges, it may seem easier to put off re-evaluating how your bank or credit union is handling overdrafts until possible new regulations are finalized. For some it’s getting the program up to date, based on the most accurate regulatory guidance and best practices—for others it’s updating a non-disclosed program to a transparent solution. Regardless, the consequences of waiting around to make this decision can be detrimental, both in terms of financial and reputational impact.Over the past several years, as Congress and regulators have wrestled with other pressing priorities, there has been little or no action taken to implement new regulations on overdraft programs. However, there have been multiple studies by consumer advocacy groups–based on supervisory data obtained from several large banks–that have examined overdraft practices, as well as the outcomes for consumers who do or do not opt in to overdraft coverage for ATM and one-time debit card transactions.Most recently, information released in a Consumer Financial Protection Bureau (CFPB) Data Point report on frequent overdrafters, included information on new disclosure prototypes that are currently being tested to help financially vulnerable consumers better understand what it means to opt in to overdraft coverage. The American Bankers Association is expected to “work with the Bureau to test the proposed new disclosures to make sure they improve consumer understanding.” continue reading » 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Do This: Long Island Concerts & Events June 16–22

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Bunny HoestCo-creator of “The Lockhorns” cartoon strip about Leroy and Loretta Lockhorn’s contentious relationship, Bunny Hoest will be speaking and signing copies of her new book, The Trouble With You Is That You Judge Food Too Much By Its Taste. She began the iconic couple’s comic bickering by collaborating with her own husband, Bill Hoest, in 1968. These days Bunny still writes the dialogue while John Reiner does the drawing. Known as the Cartoon Lady, she’s been making people laugh for years. Book Revue, 313 New York Ave., Huntington. Free with purchase of book. 7 p.m. June 16.Don Rickles & Regis PhilbinDon Rickles has lived an extraordinary life. After serving in the US Navy during World War II he negotiated the all-too common Hollywood pitfalls before embarking on a successful career in comedy, his bread and butter, as it turned out. Rickles’ 60-plus year career as the quintessential “angry” comedian and actor includes dozens of television shows, feature films, and comedic performances. He even had a memorable performance as the voice of Mr. Potato Head in Pixar’s venerable “Toy Story” films. Rickles has been known to hit audiences with verbal barbs from time-to-time. Stay on your toes, folks. What more do we need to say about Regis? You don’t even need to hear his last name to know who we mean. The man is a living legend. Our mornings have never been the same without him holding court on daytime TV. NYCB Theatre at Westbury, 960 Brush Hollow Rd., Westbury. $59.50-$74.50. 8 p.m. June 16.SaboriSalsa and Latin jazz band Sabori was founded in 2012 and consists of native New Yorkers John Berdeguer, Henry Cabrera, Arturo Millan and Dan Luciano. The group uses percussion, various wind instruments, piano and guitar to invoke the rhythms and air of Latin and salsa music. Treme Blues and Jazz Club, 553 Main St., Islip. Free. 8 p.m. June 16.Jason Aldean / Thomas Rhett / A Thousand Horses / We Were HereThis year’s ACM “Entertainer of the Year,” Jason Aldean, will serenade Jones Beach with songs off his newest album, Old Boots, New Dirt, which debuted at No. 1 on Billboard Country Albums Chart. Thomas Rhett, who has previously toured with Lady Antebellum and Florida Georgia Line (a band that will play later in the season at the theater), takes the stage with A Thousand Horses, the low-country, powerful rock band that originated in Nashville. Opening the show will be We Were Here. Nikon at Jones Beach, Jones Beach State Park, Wantagh. $40.25-$65.50. 7:30 p.m. June 17.Rockin’ Fights 24Esteemed boxer Joe DeGuardia presents an exciting exhibition headlining Cletus “the Hebrew Hammer” Seldin, who is coming off two straight knockout bouts to battle Jesus Selig. This boxing exhibition with also feature local prospects like Danny Gonzalez (Woodhaven), Curtis Morton (Myrtle Beach), as well as multiple Elmont fighters going up against other undefeated New York boxers. The Paramount, 370 New York Ave., Huntington. $50-$200. 7:30 p.m. June 17.Southside Johnny and the Asbury JukesLong regarded as the Godfather of the Jersey Shore Sound, John Lyon, better known by his stage name Southside Johnny, is an American original. Growing up in Ocean Grove and graduating from Neptune High, he followed in Bruce Springsteen’s shoes running down the boardwalk, hitting the high notes and laying it low with that bluesy soulfulness that only he can croon. It helped that Steven Van Zandt, the Boss’s compadre, penned Southside Johnny’s signature song, “I Don’t Want to Go Home.” And yes, that’s Southside and the Jukes performing as a bar band at the frat party in that action-packed classic “Adventures in Babysitting.” The guy’s been doing it right and working his ass off for years, and we’re lucky to have him around keeping it real. Westhampton Beach Performing Arts Center, 76 Main St., Westhampton Beach. $45-$65. 8 p.m. June 17.Greg Greenway and Pat WictorThis duo celebrates the amazing power of two-part male harmonies, singing contemporary folk with touches of gospel, blues, jazz and pop. Greenway is an internationally known artist who has been described as “one of the strongest and finest voices in folk music.” Wictor made his mark as a singer/songwriter, penning lean and poetic songs that incorporate—and subvert—rural blues and gospel traditions. Our Times Coffeehouse, 38 Old Country Rd., Garden City. $20. 8 p.m. June 17.Peter Max’s Ellis Island.Peter Max ExhibitYou’ve all seen his colorful creations even if you didn’t know who did it. This popular pop artist, Peter Max, defined a generation’s hopes and dreams, doing album covers, posters and more, starting in the 1960s when he befriended the Beatles. He’s still prolific, drawing every day he can. The range of his work over the years will be featured in a retrospective exhibit. After the opening reception, the legendary artist is scheduled to appear twice at the gallery: 6-8 p.m. June 25, 2-4 p.m. June 26. RSVP via 631-754-8414 or Lamantia Gallery, 127 Main St., Northport. Free. June 17, 18.This is All NowLong Island natives This is All Now are a collaboration of longtime friends and previous bandmates. Their varied musical backgrounds allow the influence of different perspectives, which has resulted in mega-success. The pop/rock band has created a sound that stands out, providing energetic live performances and professionalism at the same time. With supporting acts Goodbye Friday, VISTA, The Running Lights, Jay Watts, Trick The Riddle, Cheap Shots and Oliver Then. Revolution Bar and Music Hall, 140 Merrick Rd., Amityville. 2:30 p.m. June 18.Long Island’s Largest Bingo GameAttendees can play 10 games for a chance to win over $30,000 in prizes, including a two-year lease on a 2015 Honda CR-Z EX CVT, a $10,500 Deluxe Spa Package, a Stone Fire Pit, a photo Package, a Trip to Sandals, a Diamond Ring, carpeting/flooring, a Ping Pong Table, and a Golf Getaway in Killington, Vt. Harry Chapin Lakeside Theatre, Eisenhower Park, East Meadow. Free. 4-7 p.m. June 18. Taste of ChaosKings of punk and emo, Dashboard Confessional and Long Island’s own Taking Back Sunday headline the “Rockstar Energy Drink Taste of Chaos” tour this summer. Dashboard Confessional’s lead singer, Chris Carrabba, is credited with writing “Vindicated,” “Hands Down,” and “Screaming Infidelities.” Taking Back Sunday, who released their most recent album in March of 2014, is regarded as the quintessential emo band from the US–and they started right in our backyard, or rather our basement. Pop-punk bands Saosin, The Early November, and Motion City Soundtrack also join in the fun. Nikon at Jones Beach, Jones Beach State Park, Wantagh. $26-$75. 5:30 p.m. June 18.Burt YoungThe actor who played Uncle Paulie in the first five Rocky movies will hold a Q&A with fans during a screening of the original Sylvester Stallone fight film to mark the 40th anniversary of its release. YMCA Boulton Center for the Performing Arts, 37 West Main Street, Bay Shore. $30-$125. 7 p.m. June 18.Sophie B. HawkinsThe legendary artist Sophie B. Hawkins returns to the East Coast to perform her new album, The Crossing. The New York City native has touched fans for decades with her stories of romance and heartbreak retold through her music. She is a modern day sultry siren with her raw emotional pop rock sound. In 1992, she debuted her album Tongues and Tails, which earned her a Grammy nomination the following year. Some of her hit singles throughout the years include “Damn I Wish I Was Your Lover,” “As I Lay Me Down,” and “Right Beside You.” The critically acclaimed artist now shares her new soulful soundtrack, which will evoke emotion, but lead to empowerment, with songs like “I’m Better Off Without You” and “Consume Me In Your Fire.” The Stephen Talkhouse, 161 Main St., Amagansett. $25. 7 p.m. June 18.The ScofflawsLong Island natives, The Scofflaws, will be bringing something new to calypso and reggae, with their own can’t-stop-skankin’-it-just-feels-too-damn-good ska vibes. Their tunes just absolutely suck you in, and before you know it, it’s 2 a.m., you’re covered in sweat, and you’ve just been dancin’ and groovin’ alongside complete strangers for the past four hours. That’s because ska has traditional Jamaican roots mixed with American rhythm and blues. The Scofflaws are known for their irresistible songs “Nude Beach,” “Spider On My Bed” and “Backdoor Open,” among so many others.  with All New Episode, Melting Pots and Short Notice. Mr. Beery’s, 4019 Hempstead Tpke., Bethpage. 7:30 p.m. June 18.Appetite for DestructionAppetite for Destruction, the only full-time Guns N’ Roses cover band whose name was inspired by Guns N’ Roses’ 1987 album of the same title –  is hard to differentiate from their idols. And why bother? Just appreciate their authenticity because Appetite is unlike any other tribute band in terms of their hard rock sound and their attire. They bear indescribable resemblance to Slash, Axl Rose and the original Guns guys. If you want all the pleasure and enthusiasm of a live version of “Welcome to the Jungle” without the expense and hassle of trying to see the real ’80s metal-heads, you found the right crew. Appetite for Destruction will leave even the staunchest GNR fan astonished at the quality of their music. Opening the show is Wildside. The Paramount, 370 New York Ave., Huntington. $10-$35. 8 p.m. June 18Happy Together TourFeaturing a legendary lineup of iconic ’60s bands, the show’s headlining act will be Flo and Eddie of The Turtles, known for their smash hit, “Happy Together.”  The tour will also feature Chuck Negron, Mark Lindsay, Gary Puckett, The Cowsills and the Spencer Davis Group. At one time you couldn’t turn on your car radio without catching a top tune from one of these legendary groups. Thanks to this tour you don’t have to touch the dial to dig them all to your heart’s delight. NYCB Theatre at Westbury, 960 Brush Hollow Rd., Westbury. $49.50-$84.50. 8 p.m. June 18.Love LettersA local performance of this Pulitzer Prize-winning drama by playwright A.R. Gurney debuts this weekend for a special one-night-only show to raise funds for the Northport-East Northport Community Theater’s summer camp. The play, billed as an amusing, heartwarming and poignant two-person performance, stars local actors, Dr. Larry Palevsky of the Northport Wellness Center and Stephanie Sultana, as the star-crossed lovers. Proceeds from the performance will help pay for the theater’s camp in which local students in grades 2 to 12 produce and perform in their own musicals in July and August. This summer, they’ll put on Grease and The Lion King. After the event, there will be live music and a silent auction with prizes worth up to $300.. St. Paul’s Methodist Church, 270 Main St., Northport. $25. 8 p.m. June 18.Gary GulmanFormer tight-end for Boston College and finalist on “NBC’s Last Comic Standing,” Gary Gulman takes the stage. He has performed on shows like The Tonight Show with Jay Leno, Late Show with David Letterman, The Late Late Show with Craig Ferguson, Jimmy Kimmel Live!, Conan, and John Oliver’s New York Stand-Up Show. Gulman is known for his own brand of observational comedy. The comedian has had two comedy central specials and is now the host of NESN’s Comedy All-stars. The Brokerage Comedy Club, 2797 Merrick Rd., Bellmore. $25. 7:30, 10 p.m. June 18.Boyz II MenBoyz II Men are, arguably, the greatest R&B group of all time. In addition to winning four Grammy awards, Nathan Morris, Wanya Morris, and Shawn Stockman created one of the best-selling R&B albums of all time: Their album, II, sold over 60 million copies worldwide. Known for their intimate soul harmonies, you might remember their hits “I’ll Make Love To You,” and “One Sweet Day.” Billboard magazine named Boyz II Men the fourth most successful music group of the 1990s. The Boyz released their most recent album, Collide, in 2014. Boyz II Men redefined their genre. They definitely aren’t something to miss. NYCB Theatre at Westbury, 960 Brush Hollow Rd., Westbury. $49.50 -$139.50. 8 p.m. June 19.Carmine AppiceDrummer, songwriter and now author Carmine Appice will be speaking and signing copies of his new book, Stick it: My Life of Sex, Drums, and Rock ‘n’ Roll. And what a life it’s been since he first broke through our eardrums with that amazing psychedelic band Vanilla Fudge. Book Revue, 313 New York Ave., Huntington. Free with purchase of book. 7 p.m. June 20.The Steel TrapStuck-in-a-rut bank manager Joseph Cotten gives in to his long-suppressed urges and returns home from work one Friday with $1 million in loot. But he can’t shake his sense of middle class propriety, which complicates his efforts to surprise his wife Teresa Wright with a trip to Brazil (and its conveniently flawed extradition treaty). He wants to keep his ill-gotten gains secret. And so they embark on an ill-fated transcontinental flight from justice.  Screening includes a reception and a book signing by Foster Hirsch, a professor at Brooklyn College, pioneer in the development of film studies and author of more than a score of books ranging from Woody Allen, the Actors Studio and American theater, to his magisterial biography, Otto Preminger: The Man Who Would Be King. Cinema Arts Centre, 423 Park Ave., Huntington. $10 members, $15 public. 7:30 p.m. June 20.Dave Matthews BandIn celebration of their 25th anniversary making great music together, the Dave Matthews Band returns to Long Island to perform for their legions of fans here. The acoustic rock superstars have sold over 30 million records and consistently tour around the world. They are known for featuring jazzy improvisational reworkings of their songs, so every show sounds unique. Nikon at Jones Beach, Jones Beach State Park, Wantagh. $75-$85. 8 p.m. June 21.–-Compiled by Kate Nalepinski, Leo Capobianco, Ana Borruto, Ellie Schoeffel and Timothy Bolgerlast_img read more

Cisco Systems, Disney, Applied Materials & more

first_imgCisco Systems — Cisco shares rallied nearly 9% in after-hours trading on the back of better-than-expected results for its fiscal first quarter. The company reported earnings per share of 76 cents on revenue of $11.9 billion. Analysts expected a profit of 70 cents per share on revenue of $11.85 billion. Cisco also issued fiscal second-quarter earnings guidance that exceeded expectations.Disney — Shares of the media giant popped 6% after Disney reported 73 million paid subscribers for its streaming service, Disney+. The company also posted a smaller-than-expected loss for the previous quarter. Disney reported a loss of 20 cents per share on revenue of $14.71 billion. Analysts expected a loss of 71 cents per share on revenue of $14.2 billion.Palantir — Palantir reported year-over-year sales growth of 52% in its first earnings statement as a public company. The data analytics company also hiked its full-year revenue guidance. However, the stock traded more than 3% lower after hours.- Advertisement – – Advertisement – Chuck Robbins, CEO, Cisco Systems, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020. Unity Software — Unity shares fell more than 3% even after the software company reported a smaller-than-expected loss for the previous quarter. The company’s revenue also topped analyst estimates. Unity also issued better-than-expected revenue guidance for the fourth quarter.Applied Materials — The chipmaker’s stock was up more than 2% in after-hours trading on the back of better-than-expected quarterly results. Applied Materials reported earnings of $1.25 per share on revenue of $4.69 billion. Analysts expected a profit of $1.17 per share on revenue of $4.60 billion. Revenue from the company’s semiconductor systems division came in at $3.07 billion, topping a FactSet estimate. Check out the companies making headlines after hours on Thursday:- Advertisement –last_img read more

A video conference of EU tourism ministers on the European Commission’s Tourism and Transport Package was held

first_imgA video conference of EU tourism ministers was held today at the National and University Library in Zagreb to discuss coordinated action in the implementation of the European Commission’s Tourism and Transport Package and opportunities for ministers to contribute to discussions on the Recovery Plan. “I am glad that all structures have united quickly and efficiently, and that the Tourism and Transport Package has been presented with guidelines and recommendations on how to safely continue to travel and restart European tourism in 2020, but also after that. Therefore, exchanges of opinion at the level of tourism ministers, with the involvement of the departments of internal affairs, transport and health, are extremely important in establishing normal movement and thus the revitalization of tourism in Europe. Further cooperation at EU level is important in order to jointly plan the development of scenarios for relaxing measures and relaunching and designing the future of tourism, encouraging the tourism sector to be creative and adaptable to change. The relaunch of this sector should be used to apply the principles of sustainable development in destinations, with the support of digital technologies, as tourism is crucial as a source of much-needed income for local communities and individuals.”, said Tourism Minister Gary Cappelli. Following the presentation by the European Commission on 13 May 2020 of a package of guidelines and recommendations for tourism and transport to help Member States gradually lift travel restrictions and allow tourism companies to reopen, after several months of closure, respecting the necessary health measures, the Croatian Presidency of the Council The EU organized a second videoconference for tourism ministers aimed at exchanging Member States’ views and views on the Commission’s Package of Guidelines and Recommendations.  / / / Tourism and Transport: Commission Guidelines on the safe continuation of travel and the renewal of European tourism from 2020 onwards The conference was attended by representatives of all EU member states and the European Commissioner for the Internal Market Thierry Breton, who presented the Package of Guidelines and Recommendations for Tourism and Transport and the Commissioner for Transport Adina Vălean. Taking into account the importance of tourism for the whole economy in the European Recovery Plan, appropriate support for the tourism sector is expected. As the summer season is fast approaching and there is strong pressure from tourism providers because they still have many open issues related to the relaunch and implementation of the Commission’s guidelines and measures, the conference stressed the need to define deadlines for implementing the Package and continuing the dialogue. between Member States.  Photo: Mintlast_img read more

A cracking Currumbin beachside family home

first_imgVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:45Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:45 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, 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 Rate1xFullscreenSummer Dream Home: Currumbin01:45Kicking off our summer dream home series is this fantastic beachside family home in Currumbin, with its outstanding architecture, wow-factor views and idyllic setting.Offering the ultimate Aussie beach lifestyle, this stunning property is located pretty much slap bang on idyllic Currumbin beach.Stepping out your back door and enjoying a surf or dip is a breeze, or why not simply enjoy the 16m heated, sun-drenched swimming pool?From the outside, the three-storey, six-bedroom property is incredibly striking; it even won the Sloping Site Master Builders Award thanks to its impressive suspended concrete construction.It also featured in the popular book 100 Dream Houses from Down Under.When the ocean is a bit choppy there’s always the superb 16m heated pool. Picture: a prime elevated position on Currumbin Hill, pretty much every room of this house puts on a spectacular show when it comes to the panoramas. Whale-watching from your sofa, anyone?“The view from this house is constantly changing,” says current owner Carol-Ann.“It’s always dramatic and inspiring. We watch the storms come and go, the beach life, the sea life – rain or shine it’s a pretty special place to be.”Inside the property there’s an abundance of space and light due to the generous use of warm timber and glass.An open-plan, flowing layout lends itself beautifully to laid-back family living, entertaining, as well as seeking out private pockets of peace and quiet. Gallery (8 images)The master bedroom provides superb panoramic ocean views. Picture: from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach Northless than 1 hour agoNew apartments released at idyllic retirement community Samford Grove Presented by Meanwhile, the spacious outdoor areas are ideal for lively gatherings, while the master bedroom and studio – designed as a tree house – are perfect for parents and teens in need of some personal space.This much-loved tree house is nestled among the foliage and boasts a full height glass wall looking out onto the sublime natural surroundings and the gorgeous beach below.The only problem? Your guests (and teens!) may never want to leave…“We’ve lived here for eight perfect years now and we’ve loved every morning, every afternoon, every sunshine, every rainbow,” says Carol-Ann.It’s very likely that the next lucky owners of this house will do, too.Offers over $5.5 millionlast_img read more

Belgian pension funds return nearly 6% over first half

first_imgBelgian pension funds, with more than €20bn in assets under management, have returned 5.7% on average over the first half of this year, according to the Belgian Association of Pension Institutions (BAPI).Addressing a press briefing in Brussels to cover the funds’ performance over the period, BAPI president Philip Neyt described the returns as “good” but expressed concern over the low rate of return on government bonds.Belgian pension funds’ performance could suffer in future, he said, if Gilts continue to bring in only around 1.5%. Neyt acknowledged that investments made in corporate bonds “might bring in 3-3.5%”, but he added: “I’m not sure you’re properly compensated for any risk involved.” According to BAPI, Belgian schemes returned just over 6.7% on average over the first half of last year, and 12.1% over the same period in 2012.Meanwhile, the association said the average pension fund allocated 48% of its portfolio to bonds, 30% to equities, 11% in ‘other’ investments including private equity and infrastructure and 8% in real estate, with the remainder in cash.  The bonds are mainly placed within the euro-zone, Neyt told IPE, while equity investments are generally global. The real estate holdings are mainly within Belgium itself.All sectors of investment fared well over the period, Neyt said, citing the benefit of a low rate of inflation.However, Neyt declined to answer questions on what measures the government might be taking to encourage longer working careers in Belgium.The proposed prolongation of working lives is a sensitive issue in the country. Many Belgians cease working when they reach 60.Neyt spoke in favour of a working life of 45 years for most categories of employees.The task of BAPI, established in 1975, is to represent all non-profit organisations that administer or provide occupational pension schemes outside the Belgian state social security system.The organisation works on a sector basis, with each sector covering a different industry.last_img read more

Cluff gains extension for two Southern North Sea gas licenses

first_imgUK’s Oil & Gas Authority (OGA) has confirmed the extension of two Southern North Sea gas licenses owned by Cluff Natural Resources.Cluff said on Monday that the 100 percent owned P2248 and P2252 licenses, estimated to contain combined net P50 prospective resources of 2.4 trillion cubic feet of gas, would be extended for another year, subject to certain milestones.According to the company, both the promote period and the initial term of each license will run until November 30, 2018, subject to a farm-out being achieved by May 31, 2018, and a drill or drop decision being made by September 30 of the same year.Cluff added that the technical milestones that must be achieved under the extension of the licenses were in accordance with the company’s planned work program.“The company has received interest from a number of parties viewing the data room for the farm-out process in respect of P2248 and P2252, and CLNR remains in dialogue with those companies who have shown interest in the portfolio to date,” the company said.Cluff chairman and chief executive, Algy Cluff, said: “We are very pleased that the OGA has granted our request to extend both of our licenses. This ensures that we will be able to continue our farm-out negotiations from a stronger position, which increases the probability of the drilling of one or more wells on our licenses.“In the meantime, we have submitted our applications for further licenses in the current UK Offshore Licensing Round which are due to be announced in Q2 2018, as well as continuing to assess additional investment opportunities. Our immediate priority, however, remains the creation of value for shareholders by securing the investment required to drill our two highly prospective P2248 and 2252 licenses, and we are in discussions with potential farm-in partners in this regard.”last_img read more

Raw footage: Military chopper crashes killing one

first_imgAn Mi-28 helicopter crashed at an airshow in central Russia’s Ryazan Region, killing one of the two pilots. The other pilot managed to escape the burning wreckage before being taken to the hospital.Firefighters were able to extinguish the fire at the scene. The crash was reportedly caused by fireworks that led the back rotor of the helicopter to stop turning properly. The deceased pilot reportedly struggled to save the helicopter without success, leading to the crash.last_img