Boogie Stomp! Begins Performances Off-Broadway

first_img Baldori has been a mainstay of blues, boogie and rock for over 40 years. He has performed hundreds of dates in venues from Detroit to Chicago, L.A. to New York, to the White House for President Clinton. He has worked with such legends as Chuck Berry, Muddy Waters, John Lee Hooker, Del Shannon and Bo Diddley. Migliazza began playing the piano professionally at the age of 13, has been inducted into the Arizona Blues Hall of Fame, and has shared the stage with stars including Little Milton, Robert Cray, Elvin Bishop and Albert Lee. Boogie Stomp!, starring jazz and blues pianists Bob Baldori and Arthur Migliazza, starts preview performances at The Chain Theatre on May 8. The off-Broadway show will play a limited engagement through May 31, with opening night set for May 15. The internationally renowned Boogie Stomp!, which recently completed a sold out tour in Russia, features two pianos, one stage and 100 years of popular American piano music.center_img View Commentslast_img read more

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PayPal’s in-store shopping division hit hardest in first round of lay-offs

first_imgAbout a month after they were first announced, the big layoffs at eBay and PayPal have begun.On Monday, eBay and PayPal employees who were losing their jobs as part of the cuts were notified, multiple sources told Re/code.Management is reportedly looking to simplify operations as the two companies head toward a split-off planned for the second half of this year.At PayPal, some cuts have come to PayPal’s in-store initiatives – the division that focuses on getting restaurants and small business retail stores to accept PayPal as a payment method. This division includes mobile payments and the PayPal Here card reader, and is viewed as an under performer within the company, multiple sources say.  PayPal’s beacon product was announced in September of 2013, but is only now shipping to some locations as part of a beta test.Though PayPal did not limit their cuts entirely to those teams,  the severity of them has some wondering if PayPal’s next move is to refocus on its core Web and in-app payments under CEO-designee Dan Schulman. Braintree, home of the red-hot Venmo peer-to-peer payments app, will be unaffected by the cuts underway. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Ilmarinen to cut bond exposure by over 10 points, target equities, real assets

first_imgFinland’s third-largest pension fund Ilmarinen has set a strategic target to reduce its fixed income allocation by more than 10 percentage points over the next 5-10 years, reallocating the assets to equities and real assets investments.Since the earnings-related pension provider had assets of €36.5bn at the end of September, even before allowing for the probable strong rise in assets over the next few years, a 10-percentage-point reallocation from bonds would mean shifting €3.6bn of assets.Mikko Mursula (pictured), Ilmarinen’s CIO, said in an interview with IPE: “We will be taking money out of fixed income and putting it into listed equities and real assets, though the division of the funds released between these two asset classes is totally subject to the investment opportunities available.”The low-yielding environment was the main challenge facing Ilmarinen from an investment point of view, he said, noting that yields on 10-year German government bonds had plummeted as low as -0.15% a couple of weeks ago. “These are levels they have never been to before, and it makes all of us seek alternatives for our fixed income,” he said. Mikko Mursula“There is a still lot of money that has yet to come out of the fixed income markets, and this is why we have been looking at investments to hold as an alternative to bonds.”At the end of September, fixed income made up 44.9% of Ilmarinen’s overall investment portfolio, having fallen from 50.3% 12 months before.Listed and non-listed equities, shares and private equity investments increased as a proportion of assets, meanwhile, climbing to 39.1% of total assets from 35.7% at the end of September last year.Real estate increased to 11.2% of all assets, up from 8.8% at the same point in 2015.Mursula said Ilmarinen had around 2% of assets in infrastructure right now.It is about to become easier for Finnish pension insurers to boost their allocations to listed developed-market equities from the regulation side, as a result of new solvency rules brought in and coinciding with the country’s major pension reform taking effect at the beginning of 2017.As part of the new solvency framework, the coefficients used to multiply the equity return percentage to determine how much the equity return buffer should be increased will rise to 15% at the beginning of 2017 from 10% now, and rise again a year later to 20%.In practice, this means individual pension insurers may be able to raise their equity allocation by 3-4 percentage points at the start of 2017 and then by a further 3-4 percentage points at the beginning of 2018 – all in all, by 7-8 points.“The reasoning behind that is that the expected return from equity is higher than for bonds, and the regulator wanted to raise the average level of risk pension insurers can take,” Mursula said.For more on pensions in the Nordic region, see stories from IPE’s special report herelast_img read more

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Flexible retirement ‘a double-edged sword’ for governments: OECD

first_imgReporting on its latest ‘Pensions at a Glance’ analysis, the think tank for developed country governments said its findings indicated that, in many OECD countries, flexible retirement is possible and not discouraged.However, despite stated interest in more flexible forms of retirement, individual take-up has been low, it noted.‘Low adoption of flexible retirement due to barriers outside the pension system’According to the OECD, in Europe about 10% of individuals aged 60-64 or 65-69 combined work with drawing pensions, representing about one in five and one in eight pensioners, in the respective age groups. The average share of workers older than 65 working part-time in OECD countries had been stable at 50% over the past 15 years, it added.Low adoption of flexible retirement was due to barriers outside the pension system, such as age discrimination by employers and limits to people’s autonomy in deciding when to retire, the OECD said.To resolve this, governments must complement pension policy measures with wider labour market policies to make flexible retirement work, it said.“The challenges of financial sustainability and pension adequacy mean that bold action from governments is still needed,” said OECD Secretary-General Angel Gurría. “The world of work is changing fast and policy makers must ensure that decisions made today take this into account and our pension and social protection systems do not leave anyone behind in retirement.”UK bottom for replacement rate, Denmark ‘top’ for retirement ageElsewhere in the OECD’s report, it found that:The net replacement rate from mandatory pension schemes for full-career average-wage earners entering the labour market today is equal to 63% on average in OECD countries, ranging from 29% in the UK to 102% in TurkeyThe pace of pension reforms has slowed in the last two years as improving government finances relieved some of the direct pressure to reformUnder legislation currently in place, by 2060 the normal retirement age will increase in roughly half of the OECD countries, by 1.5 years for men and 2.1 years for women on average, reaching just under 66 years. The future retirement age will range from 60 years in Luxembourg, Slovenia and Turkey to 74 in Denmark, according to the latest estimationIncreasing the retirement age is a source of tension in many countries, however. In Italy, political parties are promising to lower the state pension age and increase pension benefits, while in the Netherlands the country’s largest union opposes the government’s decision to raise the state pension age to 67 in 2021. The full OECD report can be found here. Flexible retirement is a double-edged sword for governments, according to the OECD.Calls for more flexible retirement rules were resurfacing in the public debate as a response to pressures from population ageing and financial stability concerns, as well as a resistance to higher pension ages, the economic body said.From a government perspective, flexible retirement could increase people’s wellbeing and may entice some people to work longer, in turn helping to increase workers’ future pensions and boost economic growth and tax revenues.It could also bring risks, however, such as individuals underestimating their financial needs in retirement and finding themselves at risk of old age poverty.last_img read more

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GasLog Shrinks Loss, Remains Optimistic

first_imgOwner and operator of LNG carriers GasLog Ltd. managed to cut its net loss amid a seasonal weakening in demand for LNG shipping in the second quarter of 2018.For the quarter ended June 30, 2018, loss attributable to the owners of GasLog stood at USD 3.6 million, shrinking from a loss of USD 7.5 million seen in the corresponding quarter in 2017.The company’s revenues for the period reached USD 132.8 million, up from USD 129.9 million reported in the same quarter a year earlier,“As we anticipated, there was seasonal weakening in demand for LNG and for LNG shipping in the second quarter. LNG shipping spot rates troughed in late April but then more than doubled through June, driven by counter seasonal strength in LNG demand and Asian pricing that provided a clear arbitrage opportunity between the Atlantic and Pacific Basins,” Paul Wogan, Chief Executive Officer, explained.“If this recent momentum is maintained through the 2018/19 winter, we expect the future financial performance of our spot vessels to show significant improvement on the second quarter of 2018.”The company continued to execute its long-term strategy in the period with a contract for a seven-year time charter party with a subsidiary of Centrica. Against this, the company ordered a new 180,000 cbm LNG carrier with LP-2S propulsion from Samsung for delivery in the third quarter of 2020.“We now have five newbuilds on order for delivery in 2019 and 2020, three of which have committed multi-year charters, while the two uncommitted newbuilds are expected to deliver into an attractive LNG shipping market,” GasLog said.The longer-term supply and demand fundamentals for LNG remain very positive, with China’s LNG imports, in particular, increasing 50% year-on-year in the first half of 2018. Demand for natural gas and LNG remains robust, underpinned in the second quarter by significant increases in demand from major Asian consumers.last_img read more

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Carbon Trust Picks CTV Emissions Reduction Tech

first_imgThe Carbon Trust’s Offshore Wind Accelerator (OWA) has revealed the winners of the competition designed to accelerate the development of technologies that have the potential to reduce emissions and fuel consumption for crew transfer vessels (CTVs) in offshore wind.The winners are Chartwell Marine and Seaspeed Marine Consulting, CWind, Robert Allan Limited, and Windcat Workboats and CMB Technologies.Each will receive advice from OWA partners to support the commercialization of their technologies, in addition to a share of GBP 300,000 in funding.The concepts demonstrate the potential to reduce fuel consumption and emissions compared to conventional CTVs and span a range of technology readiness levels from desktop studies to prototype vessel construction.Chartwell Marine and Seaspeed Marine Consulting won with a desktop study into the development of a 15m hybrid diesel/electric outboard CTV, which combines a high freeboard hull with two diesel and two electric outboard engines, which have not previously been used on CTVs. The design proposes to operate in up to 1.5m significant wave heights and transit speeds of 20-25kn.CWind revealed a supporting technology for the construction of a prototype hybrid diesel/electric Surface Effect Ship (SES) CTV. This 22m vessel will be able to carry 24 passengers at a transit speed of nearly 40kn in significant wave heights in excess of 1.5m.Robert Allan submitted a desktop study for a methanol/electric hybrid CTV, which takes advantage of the high volumetric energy density and stable liquid properties of methanol, in combination with a hybrid battery propulsion system. The study will look at the feasibility of applying this novel fuel type to a 21m CTV, capable of 20kn transit speeds, in addition to boost and electric-only operational modes.Windcat and CMB Technologies are developing a prototype hydrogen-powered CTV which uses hydrogen-diesel co-combustion. The Hydrocat 1, based on the Windcat MK3.5 platform, will be capable of using a majority of green hydrogen as fuel, delivering emission savings without compromising vessel performance.The competition is being delivered by the Carbon Trust, with support from Black & Veatch, on behalf of OWA industry partners EnBW, Equinor, innogy, Ørsted, RWE Renewables, ScottishPower Renewables, Shell, SSE, and Vattenfall.The work is expected to conclude at the end of 2020.last_img read more

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Willian claims he could leave Chelsea

first_img Loading… The 31-year-old has spent the last seven years of his career at Stamford Bridge, racking up over 300 appearances for the club across all competitions. The Blues have won four major trophies during that period, including two Premier League titles and the Europa League, with the Brazilian often serving as a regular fixture in the starting line-up. Willian has been a prominent figure once again under Frank Lampard, contributing five goals and five assists in 34 appearances in 2019-20. He is, however, due to become a free agent this summer and has yet to agree on fresh terms with Chelsea over a renewal.Advertisement Promoted ContentThe Models Of Paintings Whom The Artists Were Madly In Love WithBirds Enjoy Living In A Gallery Space Created For ThemWho Is The Most Powerful Woman On Earth?Did You Know There’s A Black Hole In The Milky Way?The Best Cars Of All TimeWill You Recognize Celebs In Their Kid Photos?The Funniest Prankster Grandma And Her GrandsonWho’s The Best Car Manufacturer Of All Time?6 Most Overpowered Live Action Disney CharactersNo Good Disney Role Models For Boys?11 Most Immersive Game To Play On Your Table TopThe 10 Best Secondary Education Systems In The World Willian has now revealed that he has been offered the chance to remain in west London for an extra two years but that he is seeking three – a stance that could see him move on if the Blues refuse to budge in negotiations. “It’s a difficult situation because Chelsea offered me two years and they are not going to change what they offered. I said I wanted three more years,” the winger told Esporte Interativo. “The situation is difficult because of this. I really don’t know if it will be possible [to stay]. My goal is to continue working and focus on the remainder of the season, so that Chelsea can continue winning games. Read Also:Chelsea chiefs working on securing Willian to new deal “I have a clear head and focused for the rest of the season that we have left. “I think it’s difficult [to stay]. Let’s see what happens” FacebookTwitterWhatsAppEmail分享 Willian has suggested that he could leave Chelsea this summer due to a disagreement over the terms of a possible contract extension, with his current deal set to expire in June.last_img read more

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Area Girls Basketball Scores (11-17)

first_imgArea Girls Basketball Scores.Friday  (11-17)Jac-Cen-Del  81     Oldenburg  46Franklin County  43     Union County  39Greensburg  83     South Decatur  24Hauser  59     Waldron  37Rising Sun  47     Switz. County  39Connersville  50     Centerville  29Mt. Vernon  64     Rushville  63  (OT)Beech Grove  69     Morristown  47Shelbyville  38     SW Shelby  35last_img

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Police need public’s help with stolen and torched van

first_imgBrookville, IN—The Brookville Police Department responded to the Cobblestone Hotel building site to investigate the theft of a 2018 Chevrolet Express 3500 van. Officers believe the theft occurred between midnight and 6 am on June 16th. The van was located and recovered near Silver Creek Road and was in a torched state.The Brookville Police are urging anyone who has information pertaining to this incident please contact the department at 765.647.4178.last_img

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Charlton leads tributes to Foulkes

first_img United are expected to wear black armbands against Bayer Leverkusen on Wednesday and to also mark Foulkes’ passing at their next home match, against Everton on December 4. The club’s executive vice-chairman Ed Woodward also paid tribute to Foulkes, saying: “Bill was a giant character in the post-war history of Manchester United. “He was a very gentle man, who I was privileged to meet on several occasions, including most memorably with his team-mates at the Champions League final in Moscow, 50 years after his heroics in the Munich air crash. “Bill’s contribution over almost 700 games and nearly 20 years will never be forgotten. The thoughts of everyone at the club – directors, players, staff and fans – are with Bill’s family.” Press Association Sir Bobby Charlton has led the tributes to Bill Foulkes, his fellow Munich air disaster survivor who has died aged 81, saying he had helped change the course of Manchester United’s history. Foulkes, who died in the early hours of Monday morning, became captain of the club following the plane crash in Munich which claimed the lives of 23 people and played a key role in their 1968 European Cup triumph, the first by an English club, including scoring the winning goal in the semi-final against Real Madrid. A central defender, Foulkes made his debut for United in 1952 and went on to play 688 times for the club – a figure only surpassed by Charlton, Ryan Giggs and Paul Scholes. Charlton described his old friend and colleague as “a marvellous man” and said the news of his death was “very sad”. “He was as hard as nails, as tough as teak – I was always glad I didn’t have to play against him,” Charlton said. “He was a really, really good defensive player and you could say he helped change the course of history for United. “He survived the Munich air crash and then became the captain for a time.” Foulkes, whose father and grandfather had both played rugby league for his home town St Helens, started work as a coal miner and was still going down the pit at Lea Green Colliery in the mid-1950s, by which time he was a regular member of Matt Busby’s United first team and had won his only England cap, in 1954. He played for United for his whole career, the highlight coming near the end of his playing days when he was part of the 1968 European Cup-winning team aged 36. Foulkes had played a key part in the semi-final too, scoring the winning goal against Real Madrid at the Bernabeu to secure a 4-3 aggregate win for United. Charlton recalled: “I couldn’t believe what he was doing in the Madrid penalty area in the first place, something must have been triggered in his mind, then George Best crossed it and Bill sidefooted the ball into the back of the net. “It was one of the most important matches in the history of Manchester United, so you could say he helped changed that history.” last_img read more

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