UK Coal wind-down will not increase PPF liabilities

first_imgThe managed closure of UK Coal, supported by the UK government, will not create additional liabilities for the Pension Protection Fund (PPF), the lifeboat fund has said.Business minister Michael Fallon yesterday announced that the government would loan UK Coal £10m to help the company wind down two of its mines over the next 18 months, as they currently employ around 1,300 people.The alternative – an immediate insolvency of the company – would have resulted in “significant losses and liabilities” for British taxpayers, Fallon said in a written statement to Parliament.UK Coal was placed into administration last July, largely because of a fire which led to the closure of one of its mines. At the same time, the company agreed a restructuring of its business, allowing its two underfunded defined benefit (DB) schemes to enter the PPF.The UK Coal sections of the Industry Wide Coal Staff Superannuation Scheme and the Industry Wide Mineworkers Pension Scheme have around 7,000 members and are among the biggest funds the PPF has taken on to date.Since last July, however, the company’s commercial outlook has deteriorated further, largely because strengthening sterling has hit exports.A PPF spokesman said: “We expect to make a recovery from this arrangement such that we would be no worse off than if UK Coal had passed into immediate liquidation last July.”He added that the cost of the claim was disclosed in its most recent annual report, which cited a £500m impact from the transfer of the scheme.As at end-March 2013, the PPF was 109.6% funded. The £500m liability assumed since then has reduced its funding position to 107.1%.The PPF said: “Our priority all along has been to protect the interests of the pension schemes that fund the PPF through their levies and of the nearly 200,000 people whose pension benefits we have secured.“This includes those of current and former UK Coal employees, who will receive PPF compensation, either now or in the future, to provide them with security in retirement.”last_img read more

Super brothel a curse on Auckland

first_imgAuckland Now 8 May 2012A proposed 15-storey super brothel in central Auckland would lead to an explosion of sexually transmitted diseases, child sex slavery, moral bankruptcy, drug warfare and a curse on everyone in New Zealand, according to submissions to Auckland Council. John and Michael Chow plan to build a development called the Penthouse Club, which would include a brothel and entertainment facilities on Victoria St, opposite SkyCity. It would be built on the 552-square-metre site of the former Palace Hotel, a Victorian-era heritage building which crumbled during refurbishments under the Chows’ care in 2010. Of the 200 submissions on the development, almost every single one was against it. Only one submission conditionally supported it. The majority highlighted issues of morality, criminality and health, while a handful – including one from the Historic Places Trust – were concerned about the building’s lack of heritage sensitivity.…. Many submissions were identical, apparently based on a template from conservative lobby group Family First. read more

Report bullish, traders shocked

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Report day before the 31st, really? What happened?Corn and soybean acres are both bullish and less than expected with soybeans starting with “8.” Corn was 88.0 million acres and soybeans 88.9 million acres. Traders were most surprised as corn was up 11 cents, soybeans up 24 cents and wheat up 4 cents shortly after the report. Corn and soybean stocks were above expected with wheat stocks neutral.Today’s reports may not be on the minds of all producers today. It’s not that some are forgetting about the planting or grain stocks reports. Today is March 29. Many think of March 31 as a big day with the Planting Intentions Report. This year March 31 is a Saturday and the markets are not trading on March 30 with the Good Friday holiday. So here we are, ready or not.This report reveals U.S. 2018 planting intentions for major crops and U.S. grain stocks. It is not about production outside the U.S. or ending stocks. Implications will be quickly scratched out using projected acres and trend line yields to get a grasp of potential production in 2018.Today USDA estimated corn at 88.0 million acres, soybeans 88.9 million acres, all wheat 47.3   million acres, spring wheat 12.6 million acres, and cotton 13.4 million acres. Corn stocks were 8.888 billion bushels, soybean stocks were 2.107 billion bushels, and wheat stocks at 1.494 billion bushels.Prior to the report corn was up 1 cent, soybeans down 4 cents, and wheat was down 3 cents.This week trader estimates had corn acres at 89.4 million acres, soybean acres 91.0 million acres, all wheat 46.3 million acres, winter wheat 32.5 million acres, other spring wheat 11.4 million acres, and cotton at 13.2 million acres. Realizing other spring wheat and cotton are at the bottom of the list in raw numbers is easily misleading. These last two while at the bottom of the list could have a big bearing on keeping the soybean acres below what some had expected. Cotton acres will be above that of last year, it is just a matter of how much. The range for soybean acres is 89.9 to 92.6 million acres. For perspective, last year the U.S. had 90.16 million acres, soybeans 90.14 million acres, with cotton at 12.6 million acres.The Midwest is not seeing any kind of major planting taking place with the weather conditions seen the past three weeks. Southern Illinois is wet with the two week forecast showing rain every three days. Bearish soybean numbers from the report day have been noted this past week.The market will quickly return to weather and planting conditions. While there has been plenty of talk about China and their retaliatory efforts, early talks point out that soybeans are off their list of actions against the U.S. Keep your eye on the ball!last_img read more

Rating Windows for Condensation Resistance

first_img This article is only available to GBA Prime Members Condensation forms on a surface when the temperature of the surface is below the dew point of the air. During the winter, when the coldest surface in a room is often the window, it’s fairly common to see water droplets or ice on window glass — especially in a room with elevated indoor humidity.Condensation is more likely to form when indoor relative humidity is high. That’s why it’s more common to see condensation on a bathroom window than a bedroom window.Condensation is more likely to form on cold surfaces than warm surfaces. That’s why it’s more common to see condensation on a single-glazed window than a double-glazed window.Older Americans who grew up in the days of single-glazed windows remember the joy of waking up on a cold winter morning to see beautiful frost patterns — swirls, vines, and lacy leaves — on their bedroom windows. And who can forget the frost-covered windows in the Hollywood version of Dr. Zhivago?On today’s low-e windows, however, such frost patterns are extremely rare.In theory, a window with a high R-value (that is, a low U-factor) should do a good job of resisting condensation. However, even a low-U window can have a condensation problem. That’s because a window’s U-factor is an area-weighted average of the U-factors of the different window components. Window condensation is a thermal bridging problem, not an average U-factor problem.The coldest part of most modern windows is the bottom half-inch of glazing. (Although the width of the space between the panes of modern insulated glazing units has been optimized to minimize the effect of convective looping in the gas between the panes, convective looping still occurs. Naturally, the gas at the bottom of the gap — whether air or argon —… Sign up for a free trial and get instant access to this article as well as GBA’s complete library of premium articles and construction details.center_img Start Free Trial Already a member? Log inlast_img read more

The Changing World of Sales and LinkedIn for Sales Success with Jill Konrath – Episode 9

first_imgPodcast: Play in new window | Download (Duration: 24:24 — 11.4MB)Subscribe: Apple Podcasts | Android | Email | Google Podcasts | RSSWhen Anthony first entered the sales field one of the most generous and helpful people he met was Jill Konrath. She was incredibly patient as he asked his thousand questions and she responded with very helpful answers. Anthony has invited Jill onto the show to discuss the changing climate in sales, the things that sales leaders today are doing to succeed that are different than what they did years ago, and to take a deep dive into her study on how top sales earners are using LinkedIn to foster relationships and gain real world sales. It’s a great conversation, so be sure to listen.What the top sellers on LinkedIn are doing and how you can apply their practices, on this episodeClick To TweetThe sales climate has changed. What can salespeople do to succeed in this “new world?”Over and over Jill Konrath works alongside sales teams where the training that is being implemented is years behind where the actual consumer attitudes and responses are at. Salespeople today, and especially those experienced pros who are training their teams, are using outdated techniques that simply don’t work. It’s a recipe for sales failure that nobody wants to see happen in their organization. On this episode Jill shares the kinds of things that need to change if sales leaders are going to continue to be leaders in the modern era and gives her advice for how sales teams can work together to reach higher levels of success.How important is social media for today’s salesperson?Many sales pros don’t get social media. They feel that it’s a waste of time to share things on Twitter or Facebook, afterall – who wants to know what they had for lunch? Jill Konrath says that comments like that reveal that these salespeople are missing the point of social media. It’s not about sharing what you had for lunch, it’s letting people get to know you – and in turn, getting to know them on a deeper level. THAT is the stuff successful sales careers are made of and social media makes it easier than ever if you’re willing to take the time to use the tools wisely. Jill shares her insights into social media for sales professionals on this episode.Social is about getting to know people and letting them get to know you ~ Jill KonrathClick To TweetJill Konrath’s deep dive survey of successful LinkedIn sales strategies.One of the most helpful studies to come out in recent years is the study Jill Konrath did where she surveyed sales professionals who have proven to have great success making contacts and closing deals by using LinkedIn. What she’s discovered is so helpful in learning how to think about social platforms and how to use them to find out about potential customers for the sake of building rapport and trust. You can hear some of the most powerful insights from Jill’s survey on this episode and get your own free copy of the report in ebook form, so be sure you listen to this episode.The critical attributes of successful salespeople.When asked what has made her so successful as a leader, trainer, and salesperson, Jill Konrath says it’s her desire to always be better, to always learn and grow and become a better version of herself tomorrow than she is today. She believes that successful salespeople have that same trait – a willingness to stretch outside what is normal, to build a skill set that adapts to the changing climate their clients and customers live and work in. If you want to hear more of what Jill looks for in a successful sales pro, it’s all in this episode of In The Arena.Top sellers are strategic on how they use groups on LinkedIn, on this episode with Jill KonrathClick To TweetOutline of this great episode Why Anthony loves to connect with guests like Jill Konrath. What needs to change for salespeople if they are going to succeed in the changing market. Why sales training these days is not simple or easy. How many sales trainers are teaching their proteges the wrong things. How important is social media for salespeople today? The survey Jill did about LinkedIn and what she discovered. How you can get the ebook on Jill’s website. What are the critical attributes that allow sales professionals to succeed? How does competitiveness figure into sales success?Resources & Links mentioned in this episodewww.JillKonrath.com1591847257 1591844703 1419515624 The theme song “Into the Arena” is written and produced by Chris Sernel. You can find it on SoundcloudConnect with AnthonyWebsite: www.TheSalesBlog.comYoutube: Plus: you can use to share this episodeWe are all victims of our own success ~ Anthony IannarinoClick To TweetHow to use LinkedIn to get customer referrals and build new relationships with prospects, this episodeClick To TweetSubscribe toIn the ArenaApple PodcastsGoogle PodcastsAndroidby EmailRSSOr subscribe with your favorite app by using the address belowlast_img read more

Arts leaders must do more to tackle the acute la

first_imgArts leaders must do more to tackle the “acute” lack of opportunities for disabled actors on stage and screen, according to union delegates.Members of the Equity performers’ union called for “greater representation and more accurate portrayal” of disabled people, in a motion agreed unanimously by the TUC Disabled Workers Conference in London.The motion also called for “greater inclusive casting… where an actor’s talent and not their impairment drives their talent on stage or screen”.Actor Cindy-Jane Armbruster (pictured, right) told the conference that disabled people were portrayed as “the objects of pity or we are put on a pedestal as superhumans in so-called inspiration porn, or objects of scorn as benefit scroungers… anything but well-rounded human beings”.She said: “I believe very strongly that we need to change these stories, we need to tell better stories, we need to see ourselves represented on stage and on screen for our sense of self-identity. We need to know we are not alone.”She pointed to a survey last year by the Act for Change project, which campaigns for better representation across the live and recorded arts and found that just one in 326 actors performing on the London stage over the Easter weekend had a visible impairment.She added: “Having stories told about us and by us will make it harder for policy-makers to make us invisible, to dehumanise us or, worse, get rid of us.”Heidi McGeogh, of the Musicians’ Union, told the conference: “We really do need to see positive images of disabled people.“It’s going to affect how we are treated by society and how we are valued by society.“People believe what they see on the telly and on the stage and read in the papers.”Iain Scott-Burdon, a BSL-user from Unison, said: “I don’t like to see false disabled people.”He pointed to TV companies that were making programmes featuring hearing actors playing BSL-users.He said: “This is unacceptable. There is a lot of Deaf talent out there. There’s a lot of disabled talent out there.”Mik Scarlet (pictured, centre), another Equity member, told the conference that he used to work on BBC’s From the Edge magazine programme, which had nine disabled presenters and more than 30 disabled programme-makers, while Channel 4 and ITV also put out disability programmes.The disabled journalist and presenter said: “Where have they gone? They have disappeared. Now we have The Undateables and the [Paralympic] Superhumans.“We need more talent on screen, and we need to promote the concept that we need disabled programming made by disabled people.”Roddy Slorach, a University and College Union (UCU) delegate, and author of A Very Capitalist Condition, which examines the history and politics of disability, said the representation of disability in the media needed to be about “overcoming this sense of otherness”, which was “not actually an easy thing to do”.He called for “an end to disability as a form of discrimination” and “a celebration of the diversity of humanity” that looks at who disabled people are rather than using “negative stereotypical images”.The conference was attended by 25 unions, from major organisations such as Unison, Unite and NUT, to smaller unions such as the Chartered Society of Physiotherapy and the senior civil servants’ union the FDA, with nearly 200 disabled delegates attending.last_img read more