Business community to state their case for affordable rates

first_imgEmail Print Linkedin THE Limerick business community is urged to attend a meeting at the Strand Hotel on next Tuesday, June 28, at 6.30pm, to assist in the nationwide campaign to fight for fairer and affordable rates.Employers for Affordable Rates (E.A.R), the voluntary organisation established in April, is organising a series of regional mass meetings in response to requests from all over the country.Sign up for the weekly Limerick Post newsletter Sign Up To date, employers from six regions have begun organising local groups with the aim of creating a national organisation to lobby the Government.E.A.R has also received support from business, trade and professional bodies and is gathering tremendous support nationally.Many Limerick city centre business people have repeatedly told the Limerick Post that they are struggling to cope with rates.“It is particularly difficult at the present time- business is very quiet and people are not just spending as in the past,” said one. E.A.R objects to what they describe as an inequitable system that has made the level of rates genuinely unaffordable.Rates, which the commercial sector alone has to pay, is the only funding source for local government apart from the exchequer. Employers, they argue, want fair play and say that they don’t mind paying their fair share, but point out that rates have risen by 300% since 1980 and it is unreasonable to expect them to carry this burden since they pay taxes as well.E.A.R believe they can make a compelling case to Government that will enable them achieve fair and affordable rates. Twitter WhatsAppcenter_img Previous articleCastle plan based on Hollywood rather than authenticityNext articleCllrs. sing from same hymn sheet on Opera site admin NewsLocal NewsBusiness community to state their case for affordable ratesBy admin – June 23, 2011 587 Facebook Advertisementlast_img read more

German utility to test feasibility of transporting pure hydrogen in existing gas pipelines

first_img FacebookTwitterLinkedInEmailPrint分享H2View:European utilities company E.ON is converting a natural gas pipeline in Germany, which is part of the public supply system, to pure hydrogen.Part of its new research and development project “H2HoWi” in Holzwickede in North Rhine-Westphalia, the venture will see E.ON subsidiary Westnetz establish whether the existing infrastructure could even be used for pure hydrogen.Launched by E.ON SE and Westnetz GmbH, H2HoWi will act as an important milestone in making the public supply to the community of Holzwickede sustainable.The entire project will be executed by Westnetz and will be managed and operated until the end of 2023. Construction work will start in November 2020. As part of the innovative project, the development will be backed by scientific monitoring to confirm that hydrogen has no influence on the properties of the pipe material or the tightness of the existing infrastructure.Thomas König, E.ON’s chief operating officer, said, “Upgrading the existing gas network infrastructure for hydrogen is an important prerequisite for the success of the energy transition. By converting green electricity into hydrogen, regenerative energy can be stored in gas networks. The gas networks can thus become the storage facilities of the future.”[Molly Burgess]More: E.ON to convert natural gas pipeline to hydrogen German utility to test feasibility of transporting pure hydrogen in existing gas pipelineslast_img read more

Now Pensions implements correlation-control tool as returns hit 14%

first_imgThe three factors are generally exposed to corporate bonds, global sovereign bonds and inflation-linked bonds, respectively.Now Pensions said the return figure was well above its ‘cash +3%’ benchmark and the return from holding a basic 60% equity/40% UK Gilt portfolio.The provider is wholly owned by Danish pensions organisation ATP and operates a single investment fund for all of its 300,000-plus members.It runs investments through the DKK641bn (€86bn) fund’s in-house investment team in Denmark.It said it implemented a correlation control mechanism in the early part of the year to protect the portfolio when asset performance became overly correlated.Using a bespoke diversification measure, where 0 signifies absolute correlation and 1 no correlation, the manager adjusts its portfolio to stop unexpectedly correlated assets from bringing down overall performance.When the measure falls below 0.45, it immediately re-distributes poorly performing assets to the top-performing classes, and it does not shift back to tactical holding levels until the measure rises above 0.5.It used the mechanism six times up until the end of June, which chief executive, Morten Nilsson, described as more frequent than expected.“It has been a funny 12 months, with very atypical returns,” he told IPE. “It is still not a healthy world, and the correlation control usage has been more frequent than you would expect in a normal environment.”The manager also implemented portfolio risk controls, which automatically de-risk investments in periods of falling performance.Now Pensions said, for every 2% drop in overall fund value over a three-month period, the investment strategy will de-risk by 20%.As a result, a sudden 10% fall in value will see the entire fund de-risked and moved into cash and cash equivalents.Nilsson said the single investment fund, unique in the UK, allowed the pensions manager to implement such mechanisms into its investment strategies.“The new investment structures put in place are very difficult to do on an individual basis,” he said.“You can operate it across a single fund, but if you offer fund choices, it is difficult to get members to diversify the portfolio and manage risk efficiently, as there are not individual tools available.”In July, the UK master trust announced it was overhauling its at-retirement investment strategy and would shift member assets into cash, as it expected members to use changes to legislation and withdraw pots entirely in cash.However, Nilsson said Now would evaluate its strategy as pot sizes continued to grow and further innovations in at-retirement strategies were brought to market. The diversified growth fund of the UK master trust Now Pensions saw investment returns hit 14.2% for the 12 months to the end of June 2014, as the manager added new features to mitigate correlation risks.The fund, which is on track to hit £50m (€62.4m) and operates on a risk-allocation basis over asset allocation, said strong returns were helped by final quarter performance.The target 35% exposure to equity risk returned 4.3% in the three months from March, while its 10% exposure to commodity risk returned 6.6%.Other risk factors – credit, rates and inflation – all performed positively, adding to the eventual 14.2% investment return over the year.last_img read more

When is MLS Cup 2019? Date, time for Seattle Sounders vs. Toronto FC

first_imgTSN 4 will carry MLS Cup in Canada, with Luke Wileman on the play-by-play call and Steven Caldwell providing analysis. Kristian Jack is the sideline reporter for TSN’s MLS coverage, and he’ll be providing updates from field level at CenturyLink Field.James Duthie will be the on-site host for TSN’s coverage, with Kelcey Brade also in Seattle to deliver news updates for TSN’s SportsCentre.For French-language coverage, Canadians can tune in to TVA Sports.Relevant linksAltidore: It would take a miracle to be ready for MLS CupRebuild, retool, rematch! Toronto FC stun Atlanta United to book MLS Cup rubber match with SoundersSounders stun Los Angeles FC to reach MLS Cup final On the other side of the field is TFC, which snuck into the Eastern Conference’s fourth seed on the final day of the regular season and proceeded to take down the Nos. 1 and 2 teams en route to the MLS Cup.Both teams have endured improbable journeys to reach the championship game, and with the memories of 2016 and 2017 still fresh, this year’s Cup final could solidify both clubs’ place among the league’s all-time elite.When is MLS Cup 2019?Date: Sunday, Nov. 10Start time: 3 p.m. ETWhich teams are playing in MLS Cup?The Seattle Sounders and Toronto FC will contest MLS Cup. It’ll be the third time in the championship game for each team — both participated in the 2016 and 2017 editions. Seattle won the first match-up and Toronto claimed the second.What channel is MLS Cup on?TV channel (U.S.): ABC, Univision, TUDNTV channel (Canada): TSN 4, TVA SportsLive stream: ESPN3 (U.S.), TSN.ca (Canada)In the United States, ABC will provide English-language coverage using ESPN’s MLS crew. Adrian Healey is the main play-by-play announcer with Taylor Twellman on color commentary. Sebastian Salazar provides sideline reporting while Herculez Gomez, Alejandro Moreno and the rest of the ESPN FC crew will be on site.For Spanish-language coverage in the U.S., Univision and TUDN will broadcast the match live. Everyone loves a trilogy, and the latest edition of MLS Cup provides the third part to a burgeoning rivalry within the league.The Seattle Sounders and Toronto FC will meet in the MLS Cup final for the third time in the past four years, as both teams overcame huge odds to advance to this season’s championship match. The Sounders, who will host the Cup inal for the first time since the league moved away from neutral-site venues for its title games, took down No. 1 seed and overwhelming favorite LAFC in the Western Conference final. The second-year Los Angeles-based team entered the postseason as the all-time single-season points leader and finished 16 points clear of Seattle.last_img read more