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New diabetes prevention website launched to stop growing epidemic in Asia

first_img Read Full Story The rapidly emerging diabetes epidemic in Asia has the potential to overwhelm health care systems, undermine economic growth, and inflict unprecedented levels of disability on the world’s most populous continent. A new website—the Asian Diabetes Prevention Initiative—aims to put a stop to this deadly epidemic by offering Asian countries authoritative, science-based information to stop the spread of type 2 diabetes.The website—www.asiandiabetesprevention.org—a joint initiative between the Department of Nutrition at Harvard School of Public Health (HSPH) and Saw Swee Hock School of Public Health (SSHSPH) at the National University of Singapore (NUS), gives the public, health professionals, and public health practitioners quick and easy access to information about the causes of type 2 diabetes, its dire consequences, and what can and must be done to decrease the prevalence of this disease in Asia.“Asia has become the epicenter of the global diabetes epidemic,” says Frank Hu, professor of nutrition and epidemiology at HSPH and co-editorial director of the new website. “By providing the latest advances in research on epidemiology and state-of-the-art practices for diabetes prevention through lifestyle and environmental changes, this website will raise the public’s awareness about this ‘silent’ epidemic and spur urgent actions to address it.”last_img read more

Health Food Marketing

first_imgTerms like “gluten-free,” “natural,” “organic” and “locally grown” are popping up all over the grocery store and in the food media. It may seem like Americans are eating healthier than ever before. In reality, only a select group of consumers are buying products that are marketed as being healthier or more environmentally conscious. Most consumers are still eating high-calorie, processed foods and make food choices based on taste and convenience rather than health claims. Food science professor Louise Wicker, of the University of Georgia College of Agricultural and Environmental Sciences (CAES), studies what drives consumer choices and how to get people to eat healthier food. She’s found that consumers who place a premium on foods that make these claims only represent a small segment of the population. Many more Americans build their diets around foods that are high in fat, salt and calories, and more than one-third of American adults are obese. “How did we get to this place of obesity, under-nutrition and lack of awareness of sustainable agricultural practices by a large segment of the population?” Wicker asked at a recent Sustainable Food Systems Initiative seminar, a forum for faculty from colleges across UGA to share their research and to have meaningful dialogue on the issue of food production and consumption. Until World War II, America’s under-nutrition problems were fueled by food insecurity. The priority was providing the public with adequate nutrients. After WWII, a number of changes in U.S. society, including women joining the workforce, led to a boom in the development of processed foods. Americans began over-consuming and making other lifestyle choices that resulted in taking in more calories than they burned. In the last 50 or 60 years, average Americans have lost interest in cooking and lost cooking skills. In 1960, the average home-cooked meal contained 20 ingredients. Today the average home-cooked meal includes fewer than six ingredients. It’s not just that people have lost the desire to cook; many families have busy schedules that put cooking on the back burner. When choosing between cooking dinner or going to their child’s school concert, for example, most parents prioritize spending free time with their children, which means buying pre-packaged meals and eating away from home, Wicker said. One key to developing healthier eating habits is to “start with schools, so kids bring the habits home to mom and dad.” Children are likely to eat healthier if fruits and vegetables taste better and if their flavor profiles are shifted. Moreover, there is evidence that obese and non-obese people experience food differently, Wicker said. “Obese individuals tend to prefer more salt, fat and sugar and are not satiated by the same amount as normal weight individuals,” she said. Cutting the amount of sugar, salt and fat that children expect in their meals can short circuit this cycle early. Offering more and better fruits, vegetables and healthy options can eventually change students’ taste buds. Farm-to-school programs get kids excited about growing and eating vegetables. Healthier eating for adults isn’t easy. Their feelings about food and taste preferences can take longer to change. While people say they want healthier or more natural groceries, good intentions don’t always translate into sales or consumption of healthy choice foods. Sometimes, health claims can actually turn consumers away. For example, in spring of 2013, Burger King introduced Satisfries—French fries that were advertised as having 40 percent less fat than the McDonald’s fries. Sales were unexpectedly low, and by fall 2014, Burger King announced they would no longer offer Satisfries. People have a misconception that food labeled as healthy tastes bad. Many food giants are starting to lower salt, sugar and fat content without telling consumers, Wicker said. The hope is that these “stealth health” initiatives don’t turn consumers away. The Sustainable Food Systems Initiative is a collaborative effort between CAES and the Franklin College of Arts and Sciences, Odum School of Ecology, College of Environment and Design, College of Family and Consumer Sciences and Warnell School of Forestry and Natural Resources at UGA. The goal is to provide an interdisciplinary setting for students, professors and other scientists to address issues plaguing modern food production, like conservation of natural resources, feeding the growing population, environmental degradation and nutrition.last_img read more

Rising air conditioning demand threatens to overturn India’s renewables goals

first_img FacebookTwitterLinkedInEmailPrint分享The Economic Times:The growth trajectory of the cooling industry, particularly air conditioning, can become a major roadblock in India’s energy transition to renewables by 2030, according to a study by The Energy and Resources Institute (TERI).The air conditioning sector is expected to grow at around 10 percent which may present a huge challenge for the integration of renewables in the energy system because much of the country’s residential cooling demand falls at night when solar is not available, it said.“The growth trajectory of cooling, in particular air conditioning, is expected to be particularly rapid, at about 10 per cent per year,” the research paper titled “Understanding India’s electricity sector transition to renewables” said.India’s electricity demand is projected to grow at 6 per cent per year between now and 2030, reaching about 2040 trillion watt hour (TWh) of grid-based electricity demand. Taking into account the projected transmission and distribution (T&D) losses and auto-consumption, national generation requirements would be on the order of 2400 TWh.This growth rate in itself presents a challenge to substantially increase the share of renewables, requiring an extremely rapid rate of capacity addition to meet incremental demand growth.“Scenarios studying the grid integration of renewables clearly show that the need for power system flexibility is projected to grow significantly under ambitious scenarios for the increase in renewables,” said the paper.While total demand is projected to double by 2030, the need for daily balancing which is shifting energy within a day to balance the variability in solar output, is also projected to grow six-fold by 2030. The available supply of flexibility is expected to exceed by the mid-2020s, posing an absolute constraint on the growth of renewables, unless proactive measures are taken to increase the flexibility of the power system.An analysis of the grid integration challenge of variable renewables in India clearly show that this transformation will be unachievable unless substantial progress is made in developing a comprehensive portfolio of flexibility options.More: India’s energy transition to renewables: Air conditioning to pose a key challenge Rising air conditioning demand threatens to overturn India’s renewables goalslast_img read more

Guatemalan and Honduran Gangs Seek to Follow in Footsteps of Salvadoran Truce

first_imgBy Dialogo July 20, 2012 The gangs of Guatemala and Honduras are interested in reaching a truce like the one agreed on in El Salvador by the bloody Mara Salvatrucha (MS-13) and Barrio-18 gangs, AFP was told on July 18 by one of the mediators in the process of easing tensions. Encouraged by the results produced by the truce in El Salvador, leaders of Guatemalan gangs came to San Salvador weeks ago to meet with bishop and military chaplain Fabio Colindres and former legislator and former guerrilla commander Raúl Mijango, both of whom are mediators of the truce. From Honduras, it was the public-safety authorities themselves who made a trip to find out “on site” about the gang truce, with the aim of examining the possibility of transferring the experience to that country. “We met a few days ago with Guatemalan gang leaders; they wanted us to help them to start a process, but we clearly indicated to them that it wasn’t possible to help them with a process of similar characteristics, because the realities are different,” Mijango commented to AFP. Colindres and Mijango told the gang members from Guatemala about the different stages that led to the “unprecedented” truce process in El Salvador, which began on March 9 and has cut the average daily number of homicides in the country from 14 to 5.6. Nevertheless, the gangs continue to engage in extortion targeting private individuals, retailers, transportation workers, and other productive sectors in the country. Mijango said that the best thing that can happen in Guatemala is that “they look for local facilitators, without ties to the state but who enjoy the trust of the gangs and the Government, because in that way, a credible peace process can be constructed.” With regard to the meeting with Honduran authorities, Mijango stressed that their mission was to find out how “we’re finding a solution to a problem that appeared not to have one.” In El Salvador, “it’s based on the experience that we accumulated with the peace process to end the civil war (1980-1992), and paying attention to the complexities of the social problem of gangs, that the truce has remained in effect until today,” Mijango emphasized. On July 13, in the context of a visit to El Salvador by the secretary general of the Organization of American States (OAS), José Miguel Insulza, the local gangs made a symbolic gesture by destroying old weapons, as a preliminary step toward a “partial disarmament.”last_img read more

Usain Bolt Visits Brazilian Air Force University

first_imgBy Dialogo April 04, 2013 In an exclusive interview with FAB TV, Usain Bolt said that the initiative of the project is very important for motivating other children to get involved with sports because they see each other’s progress and become even more dedicated. “When many children get together, there is a mix of various talents and they can grow to become great athletes,” said Bolt. This article is a courtesy of the Military Sports Blog, which promotes competition and sports highlights for the Brazilian Armed Forces and the Brazilian Auxiliary Forces in Brazil and abroad. The CDA athletics field was busy with the presence of the Jamaican star. The project’s young participants welcomed Bolt. He was very friendly and caring towards the fans, answering questions, taking photos, and giving out autographs., the youth attend classes from Monday through Friday at the UNIFA. Additionally, the project provides physical therapy, psychological, educational and nutritional support. center_img For the trainer and creator of the project, Brazilian Olympic medalist Arnaldo de Oliveira, the visit from a fellow Olympic medalist such as Usain Bolt enhances the project, because it inspires the young athletes to train and seek opportunities through sports. “This is a once-in-a-lifetime chance for these young people. Bolt is very successful in the sport. Aside from showing the benefits and possibilities of sports, we also encourage education because they complement one another. There is an instructor who examines the children’s report cards. They must be enrolled in school and have good grades to be able to join the training,” concluded Arnaldo. The world’s greatest sprinter, Olympic champion Usain Bolt visited the Brazilian Air Force University (UNIFA), in Rio de Janeiro, on March 28, for the Future Olympic Project. The project was developed to promote the practice of sports to the youth in the outskirts of Rio de Janeiro. The project currently serves approximately 140 underprivileged children and adolescents with support from the Air Force Sports Committee (CDA), at the UNIFA, where the track that the children train on is located. last_img read more

Merit selection rejected

first_imgMerit selection rejected Voters in Florida have spoken in favor of continuing to elect trial court judges. Florida voters were presented with two ballot questions in November relating to merit selection and retention. One question asked if they wanted to continue electing their circuit judges or switch entirely to a merit selection and retention system. The other question asked the same for county judges. Currently, mid-term vacancies in the trial courts are filled by merit selection and end of term vacancies by elections, and all trial judges stand for election at the end of their terms, although traditionally most incumbents are unopposed. The referendums were held pursuant to a 1998 constitutional amendment placed on the ballot by the Constitution Revision Commission and approved by voters. That amendment, in addition to requiring the state to pick up more funding of the trial courts, set a referendum in every circuit and county on switching to pure merit selection and retention. The Florida Bar, after holding several public hearings and consulting with its Citizens Forum, voted to educate voters about the choice they were making and also to support switching to the appointive system. “The bottom line is notwithstanding the yeoman effort by the Bar and numerous members of the Bar in making presentations, visiting newspaper editorial boards, passing out pamphlets and other activities, the voters have spoken,” said Board of Governors member Alan Bookman, who chaired the committee that oversaw the Bar’s campaign. “The sense in my community [the Pensacola area] was the voter did not want to give up his or her right to vote,” he added. Bookman said the Bar took its pro merit selection position as a way to lessen politics in judicial selections and also find better qualified candidates. The Bar should now turn its attention to addressing problems in judicial elections, he said. “I think what the Bar should do right now — since from my standpoint it is a very critical Bar issue — is to look into the election process, work with the Judicial Ethics Advisory Committee and discuss potential campaign reform and get the word out in a better fashion to potential judicial candidates about basically what the existing rules are,” he said. “The Florida Bar distributed information concerning how lawyers evaluated the appellate bench, and all of the justices and 18 district court of appeal judges received highly favorable ratings,” Bar President Herman Russomanno said. “The voters reaffirmed the excellent job that the Supreme Court justices and DCA judges are doing in Florida. “The right to vote is the most basic right of American citizenship,” Russomanno added. “The Florida Bar will continue to provide information to the public about judges and continue our efforts to vigorously defend judicial independence.” Russomanno said the Bar will intensify its efforts to provide detailed information to the voters about judicial candidates and inform the public about the qualifications of all candidates. Russomanno noted the ABA House of Delegates recently approved recommen- dations that states create judicial eligibility commissions to determine minimal standards. “The Florida Bar is considering the appointment of a Judicial Election Task Force to study these issues and make recommendations to the Board of Governors,” Russomanno said. “Issues to be discussed would include standards for judges and whether candidates would be rated as qualified or not.” Currently, Russomanno said, Florida’s only requirement for a trial judgeship is admission to the Bar for five years. “The Florida Bar Judicial Election Task Force will study ways to provide the electorate with information about these judicial candidates so voters have the needed information,” he said. Russomanno said the task force will study campaign-finance reform and campaign practices and procedures in addition to minimum standards for pre-qualifications. “The Florida Bar will work with all voluntary bar associations, the public and the legislature to correct any faults in the present system,” Russomanno said. Miami attorney Victor M. Diaz, Jr., chair of Citizens for an Open Judiciary, agreed with Bookman that citizens were not willing to give up their right to directly elect judges and that more needs to be done, both to improve the elective and appointive process. “their record voter turnout and their resounding rejection of these referendums, voters sent a strong message of how much we value the most precious right of any American citizen, which is the right to vote,” said Diaz, who testified at the Bar public hearings against going to pure merit selection. He added he hopes the Bar is willing to work with his and other groups to make changes both to elections and the current merit selection process. Those recommendations include, for the merit selection process, “to adopt mandatory conflict of interest rules, to adopt lobbying restrictions and disclosure requirements, and to increase public awareness and participation in the nondeliberative aspects of the process,” Diaz said. For elections, “It is to move up the filing deadline so incumbent judges can’t be ambushed at the last minute, to raise the qualifications for circuit court judges, to implement partial public financial on a local option basis for judicial elections — which would include caps on spending — and the most rigorous code of campaign ethics in the nation,” Diaz said. He also called on the Bar to use the defeat as a chance to be more inclusive and sensitive to the needs of its members and the public. Florida Association for Women Lawyers President Barbara Eagan agreed the referendums should not be the end of a campaign, but the start of finding other ways to improve the system. She noted that judicial campaigns that attract public disgust have a spillover effect on the perceptions of the legal profession as a whole. FAWL opposed switching to pure merit selection and retention, and Eagan attributed the defeats to the public reluctance to give up the ability to elect judges and perhaps a lack of understanding. “A lot of people thought `Give up your vote’ and voted no,” she said. “I think the public didn’t understand the issue generally.” In the majority of counties, the switch to merit selection was rejected by at least 70 percent of the voters, and in many it topped 80 percent. The highest came in rural Holmes County, where 88.5 percent of the voters rejected appointing their county judge. In no county did 40 percent of the voters support switching to merit selection, although Broward garnered a 39.9 percent “yes” vote. In the 20 circuit referendums, voters were slightly more likely to vote for switching completely to the merit appointments. Only seven of the 20 circuits had more than 70 percent of the voters rejecting merit selection, and none exceeded 80 percent. But, by the same token, only the 17th Circuit (Broward County) exceeded the 40-percent approval mark. Second was the 15th Circuit (Palm Beach County) with 37.4 percent voting “yes”. The Bar printed 500,000 brochures, which were distributed everywhere from voluntary bars to public libraries to civic groups. In addition, the Bar produced a video on merit selection, explaining both sides of the issue and why the Bar was urging support of switching to the appointment process. Around 500 copies of that video were distributed, including to Bar speakers who appeared before various groups, to newspaper editorial boards and television stations, and to voluntary bars. More than 200 Bar members actively spoke on the issues, and the Bar’s speakers bureau arranged around 115 appearances before civic and other groups. Bar representatives, led by Russomanno, also visited several newspaper editorial boards and gave interviews to a variety of newspapers and TV stations on the issues. At least 10 papers around Florida editorially endorsed changing to merit selection for trial judges. The newspapers in Florida also endorsed the retention of all justices and the judges of the district courts of appeal. Merit selection rejected December 1, 2000 Regular Newslast_img

Brooklyn’s Northside Festival Announces 2013 Lineup

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Northside Festival, Brooklyn’s largest annual discovery festival with more than 80,000 attendees, is set to take place in June in venues throughout Williamsburg and Greenpoint. Now in its fifth year, Northside Festival highlights “what’s next” in music, film, and entrepreneurship.The festival will also play host to the first NYC performance in 26 years of Greg Ginn’s iconic band Black Flag, featuring Jealous Again-era vocalist Ron Reyes. An additional taste of what’s to come includes Swans, Lambchop, Iceage, Son Volt, Rhys Chatham and Oneida (special collaboration), WHY?, Merchandise, Chelsea Wolfe, Twin Sister, The Soft Moon, Milk Music, Kisses, Lower, Destruction Unit, Good for You, Greg Ginn & the Royal We and many more. (Scroll down for full lineup)Northside Music, June 13-16, will showcase nearly 350 bands creating what’s next in music.  For the first time ever during Northside, the two McCarren Park concerts, on Saturday and Sunday, will be free!  In addition to the 6,000-capacity McCarren Park space, there will be free music programming Saturday afternoon during Williamsburg Walks in the neighborhood epicenter, Bedford Avenue.  All day Bedford Ave. will be closed off to car traffic from Metropolitan Ave. to McCarren Park and transformed into a public space with art, live music, food, and more.The festival kicks off with NExT: The Northside Entrepreneurship and Technology Expo. NExT has two major programs: a free, public innovation expo in McCarren Park, Brooklyn, to showcase NYC’s innovation community, and an entrepreneurship conference that takes place at a handful of venues in walking distance from the park.In addition to more than 100 booths and presentations, NExT at McCarren Park will include the following:The transformative Brooklyn startup Windowfarms will bring the “farm” to NExT in McCarren Park. Windowfarms will allow attendees to experience that salad grown in the window of a city apartment can taste like it’s straight from the big country farm. By building a “farm” using their innovative Windowfarm systems right in McCarren Park, attendees won’t just see what’s next, they will taste it too!VOXON will unveil a sneak peek of the Voxiebox – the world’s first Volumetric Entertainment System – with never before seen voxel-based experiences for NExT attendees. Witness breakthrough volumetric display technology that leaves 2D pixel-based screens behind to mesmerize you with real 3D voxels visible with the naked eye. Remember when Makerbot was just an open source dream? Don’t miss this opportunity to get hands on with a Voxiebox before it takes the world by storm!Fresh off its seed round led by Cameron and Tyler Winkelvoss, Hukkster tracks selected products online and lets you know when they go on sale. It’s the ultimate deal finder and each user is their own curator. For the duration of NExT, participating attendees will be offered limited time offers to get special deals throughout Williamsburg and Greenpoint.Hourly.com, a New York based startup, is fundamentally changing the way freelancers and prospective employees connect. Hourly.com powers The Northside Festival’s volunteer program, and connects the festival management to top, local, event producers who make this amazing festival possible.Premier partner GroupMe, the company that helps people enjoy their lives and experiences with friends, will offer access to early bird badges through Experiences from Friday, February 22 through Friday, March 1. GroupMe will also offer festival goers the opportunity to stay connected with their friends and receive important festival updates via the featured mobile messaging group, which they can start on GroupMe.com.Northside will also be partnering with Red Bull Creation. Red Bull Creation is a national 72-hour themed innovation competition pitting six teams of makers, hackers and inventors against each other in a live-build format from June 12-16 at McCarren Park during NExT. In its third year, the annual maker competition will feature new technology to inspire creative submissions starting April 8. Check www.redbullusa.com/creation for a chance to show your inventive spirit amongst like-minded creatives from music, film, art and entrepreneurial backgrounds. LINE UPBLACK FLAG(FIRST NYC PERFORMANCE IN 26 YEARS)SWANSICEAGELAMPCHOPSON VOLTRHYS CHATHAM & ONEIDA (SPECIAL COLLABORATION)WHY?MERCHANDISECHELSEA WOLFETWIN SISTERTHE SOFT MOONMILK MUSICKISSESLOWERDESTRUCTION UNITGOOD FOR YOUGREGG GINN & THE ROYAL WE& MANY MORE TBA!!!For more information on Northside Festival visit www.NorthsideFestival.comlast_img read more

Loyal members, stronger movement: 4 ways credit unions make International Credit Union Day® count

first_img 46SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Jeremiah Tucker Jeremiah Tucker is a Consumer Engagement Program Lead at the Credit Union National Association. He specializes in creating financial education content and member engagement. Web: www.cuna.org Details Any International Credit Union Day celebration—big or small, elaborate or modest— can boost both the movement and the credit union. Credit unions worldwide have participated in ICU Day since 1948, setting aside one day a year to band together and highlight their shared principles and philosophy. It’s a simple way to support the movement and celebrate what makes it powerful. But participating credit unions have also learned there are other benefits to celebrating, such as: Increasing member loyalty, connecting with their communities and improving staff morale.    Whether they’re using ICU Day for member appreciation or community outreach, celebrating ICU Day gives credit unions a reason to talk to people about why they’re awesome in a way that’s fun and genuine. Regardless of how a credit union chooses to celebrate on October 19, here are four ways credit unions make ICU Day count. 1. Ensure the celebration’s fun—for staff and membersAt Atlanta Postal Credit Union, ICU Day decorations play a big part in creating a festive atmosphere. But Jeremy Carleton, member communications specialist at the $2 billion-asset credit union, said the posters and balloons featuring the official 2017 ICU Day theme “Dreams Thrive Here” are also strategic. “Once a member notices a decoration and asks about ICU Day, we have a wonderful opportunity to educate them on why they are members, as well as services we can provide to them and their family who may not yet be members,” Carleton said. Decorating, handing out giveaways to members and reminding staff that they belong to a movement for social good by involving them in the celebration all pay dividends. Portland Local 8 Federal Credit Union will outfit staff in ICU Day t-shirts, hand out aluminum water bottles to members and serve a lunch. “Our main goal is to engage our membership and get them talking about the credit union with their families and friends, as well as taking the time to acknowledge (them) and thank them for their continued support,” said Jaime Garver, CEO at the $35 million-asset credit union in Portland, Oregon.2.Get out in the communityAndrea Finn, digital marketing manager at Royal Credit Union in Eau Claire, Wis., said her team treats ICU Day like a birthday party—a reason to celebrate and have fun. Last year Finn and her team at the $2 billion-asset credit union had 1,000 face-to-face interactions with members and potential new members on ICU Day.They performed a number of cash mobs and pay-it-forward chains, handing out giveaways and leave behinds that made an indelible impression. “Many people were surprised we even had a free checking account they could open,” Finn said. “What was really neat was watching them light up as the conversation continued.” She actually heard people say, “Wow, that sounds like a better way of banking.”3. Use social media to turn ICU Day into a month-long celebration“Dreams Thrive Here”—overwhelmingly the top choice in two online polls voted on by hundreds of credit union people—is a message that CUNA consumer research found consumers need to hear.“Credit unions are pretty good at showing how we’re the socially responsible choice, but we also need to remind people that credit unions are the best place to bank if you want to achieve your biggest goals,” Tucker said.By promoting your ICU Day celebration in the weeks leading up to your event, you ensure this message connects with your audience. CUNA provides a free ICU Day social media toolkit featuring playful art that expands on and supports the theme.  4. Tailor the event to your credit union While ICU Day is a movement-wide celebration, how you celebrate can reflect what matters to your credit union. But many savvy credit unions use that message to reflect back on their particular credit union. “We are celebrating 75 years of helping our member’s dreams thrive,” said Linda Meza, AVP for Business Development and Marketing at $120 million Cooperative Center FCU. Meza said she loved the theme, and that her credit union—from helping members avoid predatory loans to helping them qualify for their first home—is a place where dreams do thrive. She purchased the 2017 ICU Day Design Bundle to gain the extended licensing, access to vector logos and other ICU Day designs to create custom materials that fit the credit union’s celebration. “We’ve already started by personalizing our cornhole set,” Meza said. “We plan on using the bundle on our social media channels, our lobby displays and banners to help create a fun, festive atmosphere.” last_img read more

Beach house has yesteryear charm and all mod cons

first_imgThe kitchen has been redone. 44 Djerral Ave, Burleigh Heads is set to go to auction.THROUGHOUT its 50 years this home, known as Kiama, has undergone some tasteful renovations to retain its traditional features while keeping pace with the times. The name Kiama is derived from an Aboriginal word meaning “place where the sea makes a noise”.It’s a fitting moniker for this Koala Park haven, close to Tallebudgera Creek and fronting a national park. The doors are still originals.“The doors are possibly still originals, they are traditional in Queensland beach homes to allow for good airflow,” Mr Mathias said. “The other big plus is the garden area – a lot of work and time has gone into it.”center_img More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach Northless than 1 hour ago02:37International architect Desmond Brooks selling luxury beach villa20 hours agoKiama has 50 years of history.Kiama, was built to last, but the 50-year-old classic has been freshened up with its last renovation in 2010.“The previous owners had done some renovations, and I did some work too,” said vendor John Mathias, who is selling after seven years to relocate to Springbrook. The kitchen, bathrooms, tiling and roof were redone but its original cypress pine frame remains.last_img read more

UK roundup: Zurich Assurance, Mercer, FCA, Threadneedle

first_imgZurich Assurance has agreed a life longevity hedge for an undisclosed UK pension plan.The hedge, for £90m (€124m) of pension member liabilities, is structured as a “whole of life” insurance policy and covers approximately 200 named pensioners and contingent dependants, hence the “named life” label.Mercer was the lead advisory to the trustees of the plan.Zurich UK immediately reinsured the risk with Pacific Life Re. Suthan Rajagopalan, lead transaction adviser and head of longevity reinsurance at Mercer, said named life longevity hedges had previously only been executed for schemes with more than £400m of liabilities.He added: “This deal unlocks the door to competitive longevity reinsurance pricing for small and medium-sized schemes, which are more exposed to so-called concentration risk, where there is greater variability in members’ life expectancy due to diverse pension amounts in smaller populations.”In other news, the Financial Conduct Authority (FCA) has fined Threadneedle Asset Management £6m in relation to incidents in 2011.The FCA said the fine was for “failing to put in place adequate controls in the fixed income area of its front office, and for providing inaccurate information to the regulator and for failing to correct the inaccurate representation for four months”.Responding to the FCA’s statement on the fine, Threadneedle said that, in August 2011, it was the intended victim of an attempted fraudulent trade involving collusion between a Threadneedle employee, an external broker and an FSA-regulated entity.“Threadneedle has cooperated fully with the regulator’s investigation,” it added.“Today’s fine relates to these historic events. We are confident the issues identified have been fully addressed and are pleased to move forward and continue to focus on delivering for our clients.”last_img read more