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Stark warning over the future of retirement

first_img Comments are closed. Related posts:No related photos. Previous Article Next Article Company pension schemes are becoming increasingly unaffordable as peoplelive longer and retire earlier, according to the new chairman of the NationalAssociation of Pension Funds. Peter Thompson told the NAPF’s annual conference in Birmingham last weekthat many firms are closing their defined benefit schemes to new entrantsbecause of rising projected costs. He said the ramifications of increasing longevity will affect employers andscheme members as well as the economy and the attitudes and beliefs of society.Thompson said, “There is a dichotomy here – a discontinuity between onthe one hand an increasing life expectancy and on the other a reducing workinglife. “It is neither logical nor reasonable to suppose the discontinuity cancontinue and indeed, become greater indefinitely. “The retired part of our lives cannot continue to expand apparentlywithout limit, while the working part stays the same or reduces – not if weexpect to continue to enjoy a reasonable standard of living inretirement.” Thompson, a partner at consultancy William M Mercer, called for a completereview of what is meant by retirement to ensure pensions can continue toprovide a decent standard of living. He added, “What is needed is a fundamental review of what we mean byretirement and what we mean by work in an era when flexible working and so onare likely to become more common. “It demands an acceptance by all of us and by the Government and itsagencies of a blurring of the edges between paid employment and other forms ofwork, and the need to modify our present systems and approaches to reflect thechanging workplace.” www.napf.co.ukBy Ben Willmott Stark warning over the future of retirementOn 30 May 2001 in Personnel Todaylast_img read more

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Multipoint study of a substorm on February 9, 1995

first_imgAn extended interval of strong northward interplanetary magnetic field (IMF) was observed by the Wind spacecraft located at an upstream distance of ∼193 RE from February 8–10, 1995, with a brief break of southward IMF from 0200 to 0400 UT on February 9. This brief interval of southward IMF led to an isolated substorm of moderate intensity (∼500 nT) with expansion phase starting at ∼0431 UT. This substorm may be triggered by the northward turning of the IMF since its onset time matched well with the time expected for the arrival of the northward turning of the IMF at Earth. The substorm activities were monitored by 11 spacecraft in space (Wind, IMP 8, Geotail, six geosynchronous satellites, one DMSP satellite, and Freja) and two networks of ground stations (Canopus and SuperDARN) covering both the northern and southern hemispheres. The extensive coverage of this event provides us with results (1) showing some unusual characteristics possibly related to the isolated nature of the substorm and (2) revealing some surprising features difficult to reconcile with the traditional substorm model. In the first category is unusually long duration of the growth phase and the long time delay between substorm expansion onset and particle injection onset at the geosynchronous orbit. In the second category is new evidence for multiple particle acceleration sites during substorm expansion and for sunward flow during the late expansion phase of a substorm being unrelated to a single acceleration site (X line) moving from the near-Earth tail to the more distant tail. We also present observations which show the possible optical signature on the ground of bursty bulk flows in the magnetotail.last_img read more

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US Department of Energy to make strategic petroleum reserve storage capacity available to struggling US oil producers

first_imgThe unprecedented worldwide reduction in consumer demand caused by COVID-19 has forced U.S. refiners to dial back production of motor gasoline, commercial airline jet fuel, and other refined products The United States Department of Energy headquarters on Independence Avenue. (Credit: US Department of Energy/Wikipedia.org) The U.S. Department of Energy (DOE) announced asolicitation to immediately make 30 million barrels of the Strategic Petroleum Reserve’s (SPR’s) oil storage capacity available to U.S. oil producers that are struggling with catastrophic financial losses due to the combined impacts of COVID-19 and the intentional disruption of world oil markets by foreign actors. The Department currently intends to make an additional 47 million barrels of storage capacity available thereafter.The unprecedented worldwide reduction in consumer demand caused by COVID-19 has forced U.S. refiners to dial back production of motor gasoline, commercial airline jet fuel, and other refined products. This situation has reduced refinery crude oil demand, exacerbated a market glut of globally produced oil, and increased the need for already constrained crude oil storage. A lack of storage is forcing premature shut-in of oil wells and economically hurting the U.S. energy industry and its workforce. The SPR is well-positioned to relieve some of this economic stress by making storage capacity available to U.S. oil producers immediately.To help alleviate financial hardship to the critical American energy sector, President Trump has directed the Secretary of Energy to fill the SPR to its maximum capacity.“Filling the SPR with crude oil, produced by American companies that are facing catastrophic losses and increased financial hardship, is a logical action for the federal government to take as we work to overcome the economic disruptions caused by COVID-19 and intentional, global oil market disruptions,” said U.S. Secretary of Energy Dan Brouillette. “The Department continues to work with Congress to find ways to make funding available for DOE to buy American oil. However, we must move with a sense of urgency to support an industry that underpins the U.S. economy and supports our national security. Making some of the SPR’s storage capacity available to industry, without purchasing the oil, provides this immediate benefit to the industry and its hard-working employees.”“We expect the first crude oil deliveries to arrive in late-April or early-May depending on producer logistics. The SPR will be ready to receive up to 685,000 barrels per day,” explained Assistant Secretary for Fossil Energy, Steven Winberg. “With its extensive storage, pipeline, and marine infrastructure along the Gulf Coast, the SPR will help relieve oil-related disruptions to our economy.” Source: Company Press Releaselast_img read more

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OnTheMarket wins claim against Gascoigne Halman in long-awaited tribunal decision

first_imgHome » News » OnTheMarket wins claim against Gascoigne Halman in long-awaited tribunal decision previous nextRegulation & LawOnTheMarket wins claim against Gascoigne Halman in long-awaited tribunal decisionDecision clears the way for OnTheMarket to continue development and marketing after six month wait.Nigel Lewis5th July 201702,475 Views OnTheMarket has won the Competition Appeal Tribunal case it brought against Gascoigne Halman after the agent, following its acquisition in October 2015 by Connells, refused to abide by OnTheMarket’s ‘one other portal rule’.Victoria House in Bloomsbury, London where the Tribunal hearings took place.After the ruling OnTheMarket Chief Executive Ian Springett (pictured, below) accused Zoopla of funding the action, and also said that he intended to recoup legal and other court costs from Gascoigne Halman, particularly so because “the manner in which our opponents conducted the case has caused us to divert considerable resources and management time”.Gascoigne Halman said during the hearings that its contract with OnTheMarket was in effect void because what it believed are restrictive clauses within it were in breach of Section 2 of the Competition Act 1988.These include the ‘one other portal rule’ which requires participating agents to only use two property portals, the ‘bricks and mortar rule’ prohibiting online agents from joining OnTheMarket, and the ‘exclusive promotion rule’ that prevents agents from promoting their membership of Rightmove or Zoopla.The legal process was triggered when Gascoigne Halman listed its properties on all three property portals in defiance of OnTheMarket.OnThemarket subsequently sought a judgement on the matter through the tribunal system to prove that Gascoigne Halman had breached its contract. If the case had failed, OnTheMarket would have faced severe difficulties because it’s ‘one other portal’ rule would have been neutered.Put on holdIan Springett admitted as much, saying after the judgement that OnTheMarket’s development and marketing activity had been put on hold until the judgement.It has been a long wait – the issue kicked off in July last year, while the hearings took place in February, with the judgement published late yesterday.In a comprehensive and lengthy 168-page document, the judges rejected the key planks of Gascoigne Halman’s arguments that the agreement between agents and OTM was a ‘restriction of competition’.“We are pleased that the Tribunal has confirmed the position maintained consistently by our Board that Agents’ Mutual’s strategy for entry to the portals market has been pro-competitive both in object and effect and that the business is operating within the law,” says Ian Springett.“The Tribunal has dismissed the challenge from Gascoigne Halman that Agents’ Mutual and its Members have behaved illegally or anti-competitively.“All of the key terms of our listing agreements with agents and our membership eligibility rules have been upheld.”“The two largest incumbent portals continue to use agents’ hard-won property listings and their ever-increasing fees to generate super profits for their shareholders at the expense of their agent customers and they are defending their duopoly position vigorously.“However, with an excellent online platform, the sustained support of thousands of high quality agents and a highly experienced team, OnTheMarket.com is well positioned to create a genuine alternative market-leading portal for agents and consumers alike.”Industry figuresOne highlight of the judgement is the list of industry figures who attended as witnesses at the hearings. These included Peter Symonds of Stags and James Wyatt of Barton Wyatt (for OTM) and  Glynis Frew, MD of Hunters, David Livesey of Connells, Jon Notley – until recently commercial director at ZPG – and Nicholas James of Moginie James (all for Gascoigne Halman).WHO FOUNDED ONTHEMARKET?The founding agents were Savills, Knight Frank, Strutt & Parker, Chesterton Humberts (now separated into two companies), Douglas & Gordon and Glentree Estates. Glynis Frew Gascoigne Halman Nicholas James Peter Symonds James Wyatt Ian Springett Jon Notley Rightmove OnTheMarket OTM connells David Livesey Zoopla July 5, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

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News story: Health and Social Care Secretary bans pagers from the NHS

first_imgNHS trusts will be allowed to keep some pagers for emergency situations, such as when wifi fails or when other forms of communication are unavailable.The WSFT pilot project used Medic Bleep, a messaging and calling system similar to Whatsapp, with enhanced data protection.The move to replace pagers with modern technology is the next step in achieving a fully digitised NHS – a crucial part of the tech vision and the NHS Long Term Plan.Digital services and IT systems used by the NHS will soon have to meet a clear set of open standards to ensure they can talk to each other across organisational boundaries and can be continuously upgraded.Any system which does not meet these standards will be phased out and the government will look to end contracts with providers which do not understand these principles for the health and care sector.Health and Social Care Secretary Matt Hancock said: WSFT medical director, Nick Jenkins, said: NHS trusts will be required to phase out pagers by the end of 2021. All hospitals will be expected to have plans and infrastructure in place to ensure this is possible by the end of September 2020.Staff will instead use modern alternatives, such as mobile phones and apps. These can deliver more accurate 2-way communications at a reduced cost.A pilot project at West Suffolk NHS Foundation Trust (WSFT) in 2017 saved junior doctors 48 minutes per shift and nurses 21 minutes on average.The NHS uses around 130,000 pagers at an annual cost of £6.6 million. More than one in 10 of the world’s pagers are used by the NHS.Most mobile phone companies have phased out support for pagers, leaving only one provider in the UK. This means a single device can cost up to £400.Removing pagers brings a number of benefits to NHS staff: Pagers only offer a one-way form of communication. The recipient is unaware who is contacting them, the reasons why, or the level of urgency. This can interrupt work, waste time, make the prioritisation of tasks difficult and the evidence trail of communications is limited. Pagers do not support the sharing of information between staff on the move. Mobile phones and apps are able to do all of this more quickly and at a reduced cost. Every day, our wonderful NHS staff work incredibly hard in what can be challenging and high-pressured environments. The last thing they need are the frustrations of having to deal with outdated technology – they deserve the very best equipment to help them do their jobs. We have to get the basics right, like having computers that work and getting rid of archaic technology like pagers and fax machines. Email and mobile phones are a more secure, quicker and cheaper way to communicate which allow doctors and nurses to spend more time caring for patients rather than having to work round outdated kit. We want to build a health and care service which is fully able to harness the huge potential of technology. This will save lives, support hard-working staff and deliver the cutting-edge care set out by our Long Term Plan for the NHS. As a global digital exemplar trust, we’re always keen to explore new digital opportunities that could improve experience for staff and patients. There is scope for Medic Bleep to be used for everything from arranging shift cover to sharing patient observations. For us, it’s about a digital tool helping our communications to become more efficient. Contact with other clinicians can be made much more easily than with a physical bleep, and responses are much quicker. All that time we save can be spent caring for patients, so we benefit, but more importantly, our patients benefit too.last_img read more

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Self-service bakery franchise announces expansion plans

first_imgBake & Take, the German café and bakery concept, aims to open 100 new UK stores in the next five years. The company currently has one flagship company-owned store in Manchester, and one franchisee-owned store in Sutton. Both stock over 150 fresh bakery products, which are baked throughout the day, and “have access to over 1,000”.  The shops also serve drinks, soups and coffee, which customers select on a self-service basis.The company has over 350 stores across five countries. It won Franchisor of the Year in 2011 and a Franchise Bakery Award in 2013.Robin Page, UK master franchise owner at Bake & Take, said: “After two years of developing and testing our franchise product we are now in a position to fully begin the recruitment process, and the plan is to have 100 new UK stores in the next five years.“We are actively searching for high-calibre franchise partners, and are particularly interested in hearing from multi store food or retail operators. There are also single and multi-site area development opportunities in hot spot areas in England, Scotland, Wales and Northern Ireland.”last_img read more

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Nation’s opioid emergency shows in findings on ICUs

first_img Related The same week that President Trump declared the nation’s opioid epidemic a national emergency, investigators at Harvard-affiliated Beth Israel Deaconess Medical Center reported a sharp rise in opioid-related admissions and deaths at U.S. intensive care units.The new study, published in the Annals of the American Thoracic Society, is believed to be the first to quantify the impact of opioid abuse on critical care resources in the United States. The findings reveal that opioid-related demand for acute care services has outstripped the available supply.The president announced the emergency designation on Thursday, following the recommendation of a presidential panel focused on the opioid crisis. The panel includes Professor Bertha K. Madras of Harvard Medical School.Analyzing data from the period between Jan. 1, 2009, and Sept. 31, 2015, the Beth Israel researchers documented a 34 percent increase in overdose-related ICU admissions. The average cost of care per ICU overdose admission rose by 58 percent, from $58,517 in 2009 to $92,408 in 2015. Opioid deaths in the ICU nearly doubled during that same period. Rising threat: Death by fentanyl MGH addiction specialist explains synthetic opioid’s role in U.S. epidemic “This study tells us that the opioid epidemic has made people sicker and killed more people, in spite of all the care we can provide in the ICU, including mechanical ventilation, acute dialysis, life support, and round-the-clock care,” said the study’s lead author, Jennifer P. Stevens, associate director of the medical intensive care unit at Beth Israel and an assistant professor of medicine at Harvard Medical School.Using a national hospital database, Stevens and colleagues analyzed almost 23 million hospital admissions of adult patients in 162 hospitals in 44 states over a seven-year period. Among the more than 4 million patients requiring acute care, the researchers found 21,705 who were admitted to ICUs due to opioid overdoses.The researchers’ analysis revealed that opioid-related ICU admissions increased an average of more than half a percent each year over the study period and that patients admitted to ICUs as a result of overdose required increasingly intensive care, including high-cost renal replacement therapy or dialysis. The mortality rates of these patients climbed at roughly the same rate, on average, with a steeper rise in deaths of patients admitted to the ICU for overdose after 2012.These data not only document the scope of the opioid abuse epidemic, they also reveal its complexity. Stevens and colleagues suggest that any opioid overdose-related admission is a preventable one, and that the team’s findings not only represent the need for increased acute care resources, but also for expanded opioid-abuse prevention and treatment.The authors noted that the data they analyzed came mainly from urban academic medical centers and may not reflect overdose-related acute care needs in other settings. They added that their methodology likely underestimates the burden of opioids on acute care resources by focusing on overdose admissions and not counting those due to complications related to drug use.“The pace of the opioid epidemic continues to increase,” said Stevens. “Those of us who work in hospital intensive care units need to make sure we have the tools we need to help patients with opioid use disorders when they are at their sickest, because there doesn’t appear to be any end to this epidemic in sight.”last_img read more

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Student clothing company benefits charity

first_imgLast December during finals week, two students had an idea to create a new sort of clothing brand, calling it “The Cove.” The students, freshman Anthony DiCarlo and sophomore Charliepat Hart, both residents of Siegfried Hall, plan to sell high-quality clothing to college students, with a portion of the proceeds going to charity.DiCarlo and Hart have already held one sale of t-shirts and are currently receiving orders for crew-neck shirts, both with original designs made by Hart.“We had 17 [shirts] sold, so it was kinda small, but people were buying them and people wear them and more people are asking, ‘What is The Cove?’” DiCarlo said. “We’re currently doing a crewneck order [and] we currently have 20 orders. Hopefully as time goes on, with more exposure, we’ll be able to sell more and raise more money for this program.”Hart said the inspiration to start the brand came while the two were studying for finals in the Fishbowl of Hesburgh Library.“We were sitting on the couch, and I needed an outlet,” Hart said. “I moved the couch around to get to the outlet, and we found out that when we moved the couches around, it sort of created this cool space that resembled a cove, so we decided to call it the ‘cove.’ We just started to decorate it to make it feel more homey and to be a more enjoyable place to study. I went and got all my pillows and blankets from my dorm room — we made [paper] snowflakes at 3 a.m. one night. We brought a Christmas tree over, and we put a fireplace up on the TV. It was a very inclusive space — we wanted people to come in. We had communal snacks that anyone could take.”Hart said they wanted to share this experience with other students.“We decided that we wanted to share this with everyone and were thinking about how we could do that, so we decided to sell t-shirts,” Hart said. “Then we thought, instead of just selling t-shirts aimlessly, we could also put it towards a good cause, so we decided 20 percent of our profits would go to a charitable cause.”Hart said that they currently are donating to the Whale and Dolphin Conservation (WDC), a global charity “dedicated to the protection of whales and dolphins,” according to the WDC website. The motivation for choosing this charity, Hart said, was from watching the 2009 Academy Award-winning documentary “The Cove,” criticizing Japanese dolphin hunting practices.Hart said that once he and DiCarlo became privy to what was going on over in Japan, “we decided we had to do something.”DiCarlo said that The Cove does not currently have any staff besides Hart and himself.“I was a co-founder along with Charliepat — we kind of both do about everything for it,” DiCarlo said. “We’re a two-man show running everything — working on new designs, new t-shirts, marketing, everything. It’s a dual effort in a sense.”Hart said that he and DiCarlo have great aspirations for the brand while starting small.“Our immediate goal is to become a real presence in our local area: this campus,” he said. “Long term, we want to be a premier outfitter for college students across the nation, for students who want that quality of Vineyard Vines or Patagonia but at an affordable price.” “We’re just trying to be something that can provide good for the world, in a sense. Yes, we’re very small right now, but who knows where this could end up going?” DiCarlo said. Tags: Dolphins, Hesburgh Library, The Cove, whaleslast_img read more

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Frozen Pipes

first_imgWith fall weather just beginning, you may not be worried about cold weather problems yet. The child in all of us gets excited at the thought of snow, but we quickly lose that excitement when our water pipes freeze.One of the big mistakes I made several years ago was to allow an outdoor faucet to freeze. This faucet was supposedly “freeze proof.” Most freeze proof faucets work because the shut off valve is recessed in the shaft that runs through the wall of your home. This way when you shut off the faucet there is no water in the portion of the pipe that is exposed to the weather. Disconnect outdoor water hosesMy pipe froze because I left a water hose connected to the faucet, which held water in that vulnerable area. Fortunately, we were home when the frozen faucet thawed and began to spew water.Faucets that are not freeze proof need to be covered or insulated to protect them from sub-freezing temperatures. Be sure that freeze proof faucets are drained dry once the valve is shut off. Any trapped water in an exposed faucet spells trouble, even if the faucet is labeled as freeze proof.If your water is supplied by a well, take precautions to keep the pump and tank from freezing. The tank and pump should be covered. In cases of prolonged cold weather, place a light bulb in the pump house. Assuming that all the holes and cracks in the pump house are sealed, the warmth from the light will usually prevent freezing.Seal holes and cracks in older homesHomes that were constructed fairly recently are usually insulated enough to prevent water pipes from freezing. In older homes, seal holes and cracks in the foundation with caulk or insulation. Consider letting a faucet or two drip if the pipes will be exposed to below freezing temperatures for more than a few hours.Don’t forget livestock and pet water sources. If they drink out of a container, it will also freeze when temperatures are below freezing for just a few hours. Electric and solar water-heating devices are available to prevent your pet’s water from freezing. Most people don’t see the need for these tools until Rover’s water bowl turns into an ice tray. If you find yourself in that situation, provide fresh water to your animals a couple of times per day.last_img read more