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“The policy of working, studying and worshipping at home has caused a reduction in waste, especially from commercial sources such as hotels, malls, restaurants and tourist destinations,” Andono said.He advised residents to keep reducing, sorting and recycling waste while in self-quarantine.Furthermore, he encouraged residents to practice the eco-friendly waste management.“We have to know and be aware of what we are consuming. If it produces excess waste, we should choose other options,” he said. Topics : Jakarta’s daily trash output has decreased by over 40 percent ever since local residents began working and studying from home to curb the spread of COVID-19, the city’s environment agency announced Thursday.In a statement on Thursday, Jakarta Environment Agency head Andono Warih said the amount of trash sent to the Bantar Gebang landfill in Bekasi, West Java, had decreased to around 620 tons daily in the two weeks since the stay-at-home instruction was announced on March 16. According to a Bekasi Environment Agency report in January, the Bantar Gebang landfill received approximately 1,500 tons of trash each day.
This Noosa holding is just one of the homes Nicole Marshall selected as prime property.NICOLE Marshall has the Midas touch.In her role as union product manager for RSL Art Union, Ms Marshall is tasked with finding prize-home properties that turn everyday Aussies into instant multi-millionaires.“I have the best job in the world,” Ms Marshall said.“My job is to scout, choose, buy, build or develop millions of dollars of dream homes every year,” she said.Over the past eight years, Ms Marshall’s skills have helped see over $171 million in prime real estate won by 85 Australians.Ms Marshal said highly-desirable locations, iconic views and an indoor/outdoor lifestyle are the secrets to buying prize-worthy property.More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investorless than 1 hour ago“I look for areas that have seen growth or have enormous potential and where there is demand from our ticket buyers,” she said.The RSL’s latest giveaway is designed to triple the benefits of property ownership by providing dream homes across three states. The Potts Point apartment Ms Marshall chose for the next RSL Art Union prize“All three locations have seen double digit growth over the past five years, with Potts Point realising a massive 74 per cent growth,” Ms Marshall said.Follow Kieran Clair on Twitter at @kieranclair A unit in this Melbourne complex is part of the triple-prize on offer from the RSL Art UnionThe $3.4 million prize includes a three-bedroom apartment in Noosa, a two-bedroom apartment in Potts Point and a one bedder in Port Melbourne.
Hedge funds are facing a ‘critical period’ in wake of US pension fund’s decision to divest from asset class, writes Christopher O’DeaThe recent decision by US benchmark public-employee pension fund CalPERS to eliminate its entire $4bn (€3.1bn) hedge fund allocation signals the potential review of hedge fund holdings at all pension funds at a time when the vehicles are struggling to improve sluggish returns and reduce volatility that’s unsettling investors looking to them to dampen fluctuations in portfolios.While hedge funds represent only about 2% of CalPERS’ portfolio, the fund’s investing strategy is a widely watched barometer for how public-employee funds allocate their assets.“Hedge funds are certainly a viable strategy for some, but, at the end of the day, when judged against their complexity, cost and the lack of ability to scale at CalPERS’ size, the Absolute Return Strategies programme is no longer warranted,” said Ted Eliopoulos, CIO. CalPERS’ move has been in the making since this spring, when Eliopoulos took over as interim CIO, replacing his predecessor, Joe Dear, who died earlier this year. Eliopoulos, who joined CalPERS in January 2007 as senior investment officer for real assets, was named CIO just days after CalPERS announced it was terminating its hedge fund programme.The change will result in asset withdrawals from 24 hedge funds and six funds of hedge funds. CalPERS says it will take about a year to exit the funds in a manner that does not result in a negative impact on the value of its holdings.But CalPERS’ decision has already put a spotlight on the value of hedge funds to pension portfolios, says Frederick Rowe, vice-chairman of the Employees Retirement System of Texas and general partner at Greenbrier Partners, a money management firm in Dallas. Rowe believes it’s time for all pension funds to weigh the contribution of alternatives against the cost of holding hedge funds. “I think they should look,” he says.Meanwhile, Donald Steinbrugge, CFA and managing partner of hedge fund consultancy Agecroft Partners, says investors, as a result of the CalPERS news, can expect continued downward pressure on hedge fund fees for large mandates.Over the last five years, “there has been a strong trend of hedge funds increasingly offering fee breaks for large pension funds and the clients of institutional consulting firms”, he says.Managers initially discounted management fees only, but now discount performance fees as well.“For a typical hedge fund with a 2-and-20 fee structure, the discount is often 25% off standard fees,” he says. But he adds that, on average, pension funds will continue to increase their allocations to hedge funds.That’s because most institutions currently target an after-fee return assumption of 4-7% for a diversified portfolio of hedge funds – compared with core fixed income at only 2.5-3%.“As long as the expected return is higher for hedge funds than fixed income,” he says, “we will continue to see money shift from fixed income to hedge funds.”That’s held true so far. Hedge funds continued to garner assets at a strong pace in August, with more than $12bn flowing into alternatives, pushing total industry AUM to another all-time high of more than $3trn, according to eVestment’s Hedge Fund Asset Flows Report.With US equities at record highs, “alternative exposures to equity and credit markets make a lot of sense for today’s institutional investors”, says Peter Laurelli, eVestment vice-president of research.Yet, despite fee discounting, hedge funds just aren’t getting the job done. Hedge fund returns have lagged the S&P 500 by a wide margin over the last one, three and five-year periods ended in June, according to research firm Preqin.And while institutional investors look to hedge funds to dampen volatility, the sector got off to a rocky start in 2014 – the Preqin All Hedge Fund Benchmark posted a loss in three of the first four months of the year, leaving nearly one-third of respondents in the firm’s second-quarter investor confidence survey dissatisfied with hedge fund performance.While it may take some time for pension investors to alter their alternative allocations, Rowe says the industry has entered a critical period – and hedge funds face a fundamental challenge.“When you have a diversified group of managers,” he says, “it’s going to be hard to beat the market after expenses and fees.”And fee discounting only proves the point. “You start out behind, and it’s hard to catch up.”
The Dutch pensions industry has concluded that the ongoing debate over the discount rate for liabilities and funding ratios is a “dead end”, according to Gerard Riemen, director at the Dutch Pensions Federation.Speaking with local financial news daily Het Financieele Dagblad (FD), he pointed out that the discount rate was used to calculate, among other things, how much cash a pension fund would need today to pay a pension in 50 years’ time.“There is no objective truth for this, however, as nobody can look into the future,” said Riemen, who recently called on the industry to come up with an alternative to the predominantly defined benefit (DB) system in the Netherlands.At the time, he recommended switching to a collective defined contribution (CDC) system, with individual pensions accrual and as much risk-sharing “as possible”. Contributions should be calibrated to achieve a pension that is 70% of salary, he added.During the FD interview, Riemen highlighted that it was not the recent performance of equity markets that worried the sector but rather the long-term prospect of low interest rates.He said Dutch pension funds had, for all intents and purposes, abandoned their call for a higher discount rate.He argued that last summer’s reduction of the ultimate forward rate – as part of the discount rate – had destabilised the discount rate and hurt coverage ratios.In the opinion of the Pensions Federation, he said, all current pension claims should be converted into CDC arrangements ”as soon as possible”.“If we don’t do this, we will keep having the same problems for decades,” he said.“We don’t want to tell people in their 30s how much exactly their will receive in 40 years’ time because this is totally impossible.”Riemen also took pains to emphasise the urgency for quick decision-making. “If markets remain suppressed this year, and interest rates don’t rise either, we are facing rights cuts for large numbers of participants next year,” he said.“As things stand at the moment, many participants won’t receive any indexation for years, and we risk losing public support for the existing pensions system.”Riemen said he hoped the new government would make a decision on the shape of the new pensions system next year, and fully implement the system no later than 2019.
Prelude FLNG (Image courtesy of Shell)Aberdeen-based mechanical engineering group EnerMech has won a five-year deal for Shell’s Prelude floating liquefied natural gas (LNG) project offshore Western Australia.EnerMech did not reveal the value of the deal under which it will supply hose and hose fittings as well as services for the giant FLNG facility.The contract will be administered from EnerMech’s Henderson base in Perth while engineering and service support will be provided from regional facilities across Australia, including Darwin in the Northern Territory, according to a statement by EnerMech.To remind, EnerMech has earlier this year secured a pre-commissioning subcontract by Technip Oceania, a TechnipFMC company, for the Prelude FLNG project.The Prelude facility arrived at its location, the Prelude field, 475km North East of Broome from South Korea late July.Prelude FLNG was secured with sixteen mooring lines in August. The facility is currently undergoing hook-up and commissioning phase which is expected to take between 9-12 months.Once fully commissioned, the FLNG facility is expected to be able to produce 3.6 million tons per annum (mtpa) of LNG, 1.3 mtpa of condensate and 0.4 mtpa of LPG.The Prelude project is operated by Shell in a joint venture with Inpex (17.5 percent), Kogas (10 percent) and OPIC (5 percent).
Stuff co.nz 16 November 2014The mother of a 12-year-old boy whose doctor asked him if he was sexually active, watched porn or was having suicidal thoughts is outraged her husband was asked to leave the room during the questioning.The woman, who wishes to remain anonymous, says her son was shocked and her husband appalled when the GP asked the husband to leave so he could ask the boy what she described as “totally inappropriate” questions.“The health issue was regarding a personal area, so we thought it was just carrying on about that,” she said.The GP was following a protocol dubbed a HEEADSSS assessment – which stands for Home environment, Education and employment, Eating, peer-related Activities, Drugs, Sexuality, Suicide/depression and Safety from injury and violence. It is used as a tool to screen youth who may be at risk.The boy had previously had trouble sleeping and didn’t like crowds, but his mother is questioning whether the topics covered were appropriate.“Why do they have to sexualise our children? Why did we not have this topic discussed with us before we consented? We had a right to know.”http://www.stuff.co.nz/national/health/63244134/Doctors-sex-quiz-shocks-mother
Hazel I. Cunningham, 88 of Milan passed away Saturday April 30, 2016 at Ripley Crossing in Milan. Hazel was born Friday April 27, 1928 in Warsaw, Kentucky the daughter of Stanley and Laura (Courtney) Jackson. She married Harry Cunningham who preceded her in death in 2008. Hazel was a homemaker and enjoyed gardening, flowers, watching the birds and family time.Hazel is survived by son Harry Allen Cunningham of Casselberry, Fla; daughters Debbie (Arthur) Thomas of Cross Plains; Sheila (Jeff) Jackson of Lafayette; Barbara J. Bowling of Harrison, Ohio; and Treva Cunningham of Shelbyville; sister-in-law Betty Cunningham, brother-in-law Evan (Georgia) Cunningham, Grandchildren Kevin (Sarah) Thomas; Amy (Scott) Linkel; Jeffery Cunningham; Brett (Jill) Cunningham; Great grandchildren Brady and Brionna Linkel; Katie Thomas, Jackson Cunningham, and 2 step grandchildren. Hazel was preceded in death by her husband and Grandaughter Lisa Simpson, 3 brothers and 4 sisters.Funeral services will be Thursday May, 5, 2016; 11AM at Laws-Carr-Moore Funeral Home with Pastor Charlie Miller officiating. Burial will follow in New Craven Cemetery at Milan. Visitation will be Wednesday 4-7PM at the funeral home. Memorials may be made to Ripley Crossing Activity Fund or Margaret Mary Hospice. Laws-Carr-Moore Funeral Home, Milan entrusted with arrangements,707 S. Main St; Box 243, 47031, (812)654-2141. Go to www.lawscarrmoore.com to leave an online condolence message for the family.
For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. highlights Chris Gayle was dismissed for a first ball duck.Rahkeen Cornwall hit his third CPL fifty.This was the second consecutive loss for Jamaica Tallawahs in CPL 2019. New Delhi: The Caribbean Premier League 2019 clash between Jamaica Tallawahs and St Lucia Zouks at Sabina Park, Kingston saw a scary moment involving Andre Russell. In the 14th over of the Jamaica Tallawahs innings, Hardus Viljoen was bowling to Andre Russell. Viljoen’s fifth delivery was a short ball and he cramped Russell for room as the batsman attempted the pull. However, he missed and was hit just near the right ear. The medics rushed out and although Russell was standing, he was wobbly. He walked slowly but he stopped and concern rose. Russell was stretchered off the ground and fans awaited updates. In a statement issued and available on the ICC’s official website, officials later revealed that Russell had been taken to the hospital for a scan. Once given the all clear, he went back to the team hotel to rest and recover. The news was a welcome relief for the fans and it summed up a bad day for Jamaica Tallwahs, who were pegged back by Chris Gayle’s cheap dismissal and an amazing blitz from the six foot five 140 kg giant Rahkeem Cornwall. St Lucia Zouks chose to field and they struck immediately when Obed McCoy sent back Gayle for a first ball duck. It needed an aggressive 22-ball 44 from Rovman Powell and a solid 58 from Glenn Phillips to help Jamaica Tallawahs end on 170/5.Also Read | I am fast bowler, says annoyed Russell after big winIn response, Andre Fletcher and Rahkeem Cornwall decimated the Tallawahs bowling. Fletcher struck a six off Jerome Taylor in the third over while Cornwall hammered two sixes in the same over. Fletcher was dropped by Oshane Thomas off Derval Green and Cornwall made Tallwahs pay with a four and a six. Cornwall also benefited from a life as he was dropped on 36 by Chadwick Walton. The tall all-rounder got to his third CPL fifty with two sixes off George Worker and the carnage continued with a four and two more sixes off Green.Also Read | Happy Birthday Andre Russell – An Avengers fan who is also a Twenty20 superheroShamar Springer ended the 111-run opening stand in the ninth over when he got rid of Cornwall for a brilliant 75 off 30 balls and the knock included four boundaries and eight sixes. However, St Lucia Zouks continued the onslaught with Colin de Grandhomme hammered two fours and one six.Oshane Thomas gave Jamaica Tallawahs some hope as he took two wickets in the 16th over but Fletcher held firm and Thisara Perera sealed the deal with a big six as St Lucia Zouks secured their first win in the 2019 edition of the tournament. However, for both teams, there was relief as Russell was declared fit but his participation for the Tallawahs in their next game against Trinbago Knight Riders is in doubt.
Related Stories MBB : For Southerland, SAT final hurdle to getting to SyracuseSoutherland’s suspension reportedly due to NCAA investigation into academic recordsSyracuse forward Southerland ineligible until further noticeNext man up: Jerami Grant’s role expands with Southerland ineligible Facebook Twitter Google+ Syracuse forward James Southerland is scheduled to have an appeal heard to regain his eligibility some time next week, The Post-Standard reported on Thursday. The timing of the appeal means that Southerland will miss the Orange’s next two games, against Pittsburgh and Notre Dame.The appeal will be before an SU panel, not the NCAA, The Post-Standard reported.Southerland was declared ineligible prior to Syracuse’s win over Villanova on Jan. 12 due to an undisclosed academic issue. The forward has remained out since, and the Orange has gone 3-1 in four games without him.The senior still ranks second on the team in points per game with 13.6 and leads the team with 33 3-pointers made. Comments AdvertisementThis is placeholder text Published on January 31, 2013 at 2:18 pm Contact David: email@example.com | @DBWilson2