first_img continue reading » 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The CFPB on Wednesday issued a request for information to help the bureau assess the efficiency and effectiveness of its enforcement processes. This RFI is due to be published in the Federal Register Monday and will be open for comments for 60 days.CFPB Acting Director Mick Mulvaney recently announced that the bureau will issue a series of requests to obtain public feedback on how to improve its functions and outcomes for consumers and the entities it regulates. Two other RFIs have been released so far on civil investigative demands (CIDs) and administrative adjudications; the next RFI set to be issued next week will be on supervisory processes.The bureau, in its new request, said it would like feedback “on how best to achieve meaningful burden reduction” or other improvements to its enforcement of federal consumer financial law, while still meeting statutory objectives and being fair and transparent in its actions.last_img read more

first_imgLuhut called on small and medium enterprises to develop the island, while rejecting the idea of having big companies carve up Papua for palm oil plantations. The investments, Luhut said, were reserved for other crops such as cacao, coffee, nutmeg, sago and kelp.West Papua Governor Dominggus Mandacan said that his administration was committed to maintaining at least 70 percent of the island’s forest cover.Pablo Acosta, one of the researchers who conducted the study, said that while he was glad there was a sense of urgency about preventing deforestation in Papua, he thought switching to other cash crops was the wrong solution.“Planting any other type of crops in forested land should be avoided altogether; actually, the level of emissions for low carbon storage crops such as coffee, nutmeg, rice, etc. would raise the emissions due to land use change even more than palm oil plantations, as their carbon storage is lower than palm oil,” Acosta told The Jakarta Post in an email last week.Instead, he said that the sustainable use of forest cover should be considered, as it would benefit communities, and if managed properly, could provide even more value from agroforestry products and ecotourism.Official figures on the total area of oil palm concessions in Papua remain unclear, as the Agrarian and Spatial Planning Ministry has yet to disclose any maps despite an order in February by the Jakarta State Administrative Court (PTUN) to release the data.A report from Forest Watch Indonesia (FWI), based on bits of data available from the ministry website that were quickly taken down, places the total area of concessions in Papua at 2.9 million hectares, with only 323,000 ha, about 11 percent, certified with the right to cultivate (HGU).In West Papua, some 139,000 ha (29 percent) of the total 485,000 ha of concessions are HGU-certified. According to 2019 Agriculture Ministry data, there are about 14.6 million hectares of oil palm plantations in the country.In response to the international study, FWI researcher Mufti Ode noted the continued prevalence of deforestation in investors’ plans for Papua, even as the civil society group supported plans to improve the economy on the island without reducing critical forest cover.“Up until today we haven’t seen any clear plan on what a green investment in Papua constitutes. Based on existing policies, natural forests can still be converted, albeit using different methods,” Mufti said.He said that developing human resources capacity among native Papuans should instead be the sector’s main priority, as the current development model rarely took into account the specific local contexts and heritages of indigenous peoples, risking a possible clash of cultures.Unlike FWI, Aiesh Rumbekwan of the Indonesian Forum for the Environment (Walhi) said his group was unconvinced that the green investments scheme would respect any commitment to protect Papuan forest cover. Aiesh said it was just another ploy to continue with extractive business practices.“Walhi still sees no change in the paradigm; it is still capitalism. The nature [of the investment] has also not changed because vast stretches of land will continue to be used up, whereas local communities have yet to benefit from the long history of investment,” Aiesh said, noting that investments have only managed to create conflict and inhibit local ways of life.The government, too, has yet to find an effective way to make the most of existing legal frameworks to guarantee the province’s special autonomy status, the Walhi executive director told the Post last week.Law No. 21/2001 grants Papua special autonomy, which at the time of its passing covered the entirety of the island as well as its surrounding islets. The law stipulates that native Papuans must be taken into account and prioritized in economic activities in the region.He said the government should translate local community values into development instead of relying on extractive sectors, so that indigenous land would be respected and the ecosystem preserved at the same time.“Even today there is no way for locals to properly manage the products of their own forests, whether timber or otherwise, and yet [the government] promotes monoculture crops to reduce palm oil use,” Aiesh said. “They are better off giving the indigenous people better access instead.”Topics : While international researchers have backed a government decision made in February to halt the development of new oil palm plantations in Papua in favor of “greener” cash crops, activists fear that the shift in policy will have no effect on the lives of poor, indigenous Papuans and may also have little effect on deforestation.In a study titled Understanding the expansion of oil palm cultivation: A case study in Papua published in the Journal of Cleaner Production, researchers from the Madrid Polytechnic University argued that preventing forest cover from being turned into more plantations might indeed be more beneficial than cashing in on Indonesia’s most lucrative export commodity.The investigation, based on a study of a PT Rimba Matoa Lestari oil palm plantation in Jayapura regency, found that the economic benefits of keeping forest cover outweighed those of cutting down the forests and turning the land into plantations. The research also conducted a survey of people who worked on the plantation and residents from nearby villages in December 2016.While plantations may improve the local standard of living, increase life expectancy and provide access to education, the government stands to gain greater economic benefits in the form of food, water, wood and materials for medicines, the study found. These benefits are in addition to those of maintaining biodiversity and slowing the pace of climate change—both results of keeping forests intact.According to the study, while the Indonesian government could expect to gain US$2,153 per hectare per year from turning Papuan forests into oil palm plantations, it would actually gain approximately $3,795.44 per hectare per year if the forest cover was maintained.In late February, Coordinating Minister for Maritime Affairs and Investments Luhut Panjaitan, along with the governors of Papua and West Papua, announced that the government was looking for “green investments” of up to Rp 2.8 trillion (US$169.7 million) to help develop the region.last_img read more

first_imgThe proposed transfer of pension rights from the closed pension fund of temporary employment agency Randstad to ABN Amro Pensions has been abandoned due to the former’s low coverage ratio.The €1bn Randstad gave participating workers the option of transferring their existing rights – accrued under collective defined contribution (DC) arrangements – to ABN Amro Pensions. This came on the back of the employer’s decision to shift pensions accrual to the PPI DC vehicle – run jointly by ABN Amro and APG – as of 1 July.However, the pension fund’s coverage ratio of 98.6%, as of the end of October, fell short of the 100% required for a value transfer, as dictated by regulator De Nederlandsche Bank (DNB). According to Ronald Ganzeboom, the scheme’s deputy director, Randstad met the regulator’s other requirement – that no more than €100m be transferred “to protect” a scheme’s remaining participants.Ganzeboom added that one-third of the scheme’s 4,500 active participants opted for value transfer.The pension fund’s board was unable to confirm whether there would be another opportunity for a value transfer, adding that any future decision would depend in part on the development of the funding ratio.Ganzeboom, however, stressed that the offer had been a “one-off”. He pointed out that any new offer would entail an extensive administrative process, as well as require regulatory approval.“Moreover,” he added, “on 1 January, the pension fund will change its current board, with equal representation for a new and independent one, which is to assess the scheme’s future as well.”The pension fund previously stated that, despite being a closed scheme, it had the necessary scale and a sufficiently young population to continue independently.The Randstad Pensioenfonds has approximately 16,000 participants, of which 560 are pensioners.Last year, it returned 34% on investments.last_img read more

first_imgDespite a slight correction in stock markets in June, Spain’s occupational pension funds exploited strong equity performance for the second quarter of 2017, according to the country’s Investment and Pension Fund Association (INVERCO).Spanish funds returned an average 4.8% for the 12 months to end-June 2017, compared with a 5.6% return for the 12 months to end-March 2017. In the 12 months to the end of June 2016 the funds lost an average 0.49%.The second quarter results bring the average annualised returns for Spanish occupational funds to 3.28% for the three years to 30 June 2017, and 5.68% for the five years to that date.Meanwhile, preliminary estimates from Mercer’s Pension Investment Performance Service (PIPS) showed that, for the six months to end-June, euro-zone equities made 5.7%, non-euro-zone equities added 4.7%, while fixed income lost 0.3%, giving an overall total return of 2%. In June, fixed income allocations lost 0.6% and euro-zone equities declined by 3%. Non-euro-zone equities lost 0.8%.For the 12 months to end-June, returns were 17.4% for euro-zone equities, 16.2% for non-euro-zone equities, and 1.2% for fixed income. The overall average return was 5.5%.The PIPS survey covered a large sample of pension funds, most of them occupational schemes.Xavier Bellavista, principal at Mercer, said: “The best performance was for both euro and non-euro equity investments, followed by alternatives, of which a significant part is invested in private equity, which is performing very well too.”Bellavista added: “Euro appreciation, especially versus the US dollar, is affecting the performance of non-euro fixed income, the only asset class with negative performance for the year to date. Non-euro equity is obviously also affected by the euro’s appreciation, but the strong performance of the underlying assets means the performance is still positive.”INVERCO’s figures showed that, for Spanish pension funds as a whole, the average allocation to domestic securities declined slightly over the second quarter, forming 56.4% of portfolios at end-June. This included fixed income and equity as well as 2.4% in “other investments” – real estate and alternatives.Non-domestic holdings also fell, to 28.1% at the same date. Cash holdings rose to 7.5%.Over the same three-month period, allocations to fixed income continued their gradual decline to an average 52.1%, while equities rose to 30%.Spanish government bonds still made up the biggest single component of pension fund portfolios at 26.5%, with a further 16.5% in domestic corporate bonds.At the end of June, total assets under management for the Spanish occupational pensions sector stood at €35.6bn, an increase of 1.9% over the past year. The number of participants in the occupational system was stable, at just over 2m.Bellavista said: “Most managers in Spain have been expecting a rise in interest rates, hence most of them are maintaining lower durations in their fixed income funds in comparison with their benchmarks. The average duration of fixed income investments in the pension funds is around 4.5 years, but including investments in cash, the duration of the overall portfolio reduces to 3.5. Since interest rates have already risen in the past six to 12 months, some managers are taking some short-term tactical decisions to increase duration.”last_img read more

first_imgMirvac launches new Ashford Residences at Everton Park.A new community at Everton Park is expected to attract strong interest from Brisbane buyers keen to build a home close to the heart of the city.Located at 50 Ashmore St, the 124-residence community is being developed by Mirvac on a 6ha parcel of land, only 7km from the Brisbane CBD. HOW MILLENNIALS ARE CASHING IN MORE QLD REAL ESTATE NEWS: The spacious interior at Ashford Residences.More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoBody corporate residents will have exclusive access to the Ashford Club, which will feature a pool with children’s splash area, gymnasium, teppanyaki grill and barbecue, seating areas and a large turfed area, overlooking the eco area and Kedron Brook cycleway.As part of the project, Mirvac has recently completed the refurbishment of the historic Murphy’s Dairy residence, situated at the entrance to the community.The heritage Queenslander is currently operating as the Ashford Residences sales centre but is planned to be fully restored and offered for sale as a family home.Development works for the Ashford Residences are due to begin early next year, with the entire project to be completed over multiple stages.“Whatever option they choose, buyers will enjoy the beautiful surrounds of Everton Park and be within walking distance of creek-side parks, picnic spots, bike paths and dog-friendly areas, and commuting distance of the city,” Mr Bible said.Home sites at the Ashford Residences are priced from $495,000, and Mirvac has partnered with leading builders to create pre-approved house and land packages. Ashford Residences at Everton Park.Mirvac’s Warwick Bible said the initial release was stage one of the Ashford Residences and comprised 22 home sites, ranging from 431sq m to 631sq m.”Stage one of Ashford Residences will allow buyers to plan and build their own dream detached home, with design standards in place to ensure a high-quality, consistent streetscape throughout the community.”Mr Bible noted interest in the project was expected to be widespread, with families, professionals and downsizers among the prospective buyers.“The opportunity to build a brand new home this close to the heart of Brisbane is extremely scarce and, when coupled with the desirable leafy location alongside Kedron Brook, we are anticipating particularly strong interest,” he said.The Ashford Residences includes body corporate and non-body corporate lots.center_img SALES RAMPING BACK UP WHAT YOU MUST DISCLOSE WHEN SELLING Follow us on Facebook.last_img read more

first_imgYahoo Shine 16 March 2012Here comes the single bride. Last week, Nadine Schweigert married herself in a symbolic wedding ceremony. The 36-year-old divorced mom of three wore blue satin and clutched a bouquet of white roses as she walked down the aisle before a gathering of 45 friends and family members in Fargo, North Dakota. She vowed to “to enjoy inhabiting my own life and to relish a lifelong love affair with my beautiful self,” reports Fargo’s InForum newspaper . After the ring was exchanged with the bride and her inner-groom, guests were encouraged to “blow kisses at the world,” and later, eat cake.Schweigert, who followed the ceremony with a solo honeymoon in New Orleans, claims the wedding was her way of showing the world she’s learned to love and accept herself as a woman flying solo. “I was waiting for someone to come along and make me happy,” she told reporter Tammy Swift . “At some point, a friend said, ‘Why do you need someone to marry you to be happy? Marry yourself.’” Not everyone was in agreement. Some of Schweigert’s friends, who’d undoubtedly seen Carrie Bradshaw register for a pair of Manolos on season 6 of Sex and the City, thought she was going a little far with the single pride thing. Schweigert’s 11-year-old son was her biggest critic: “He said, ‘I love you, but I’m embarrassed for you right now.’” read more

first_imgWas child porn offender Ben McCormack ‘born that way’?NZ Herald 6 December 2017Family First Comment: Disturbing media coverage – but probably no surprise as culture increasingly turns its backs on sexual norms and moralityAs former Nine reporter Ben McCormack is sentenced to a three-year good behaviour bond over child porn charges, the question re-emerges over how we should treat such offenders.Controversially, some experts in the field say there is a difference between child sex offenders and paedophiles (although the two can overlap) and those in the latter group are born with a sexual attraction to children.They say a paedophile does not necessarily become an offender, and an offender is not necessarily a paedophile — sometimes their crime is about power and violence rather than attraction, reports.“I don’t think paedophiles can be rehabilitated,” Dr Xanthe Mallett, senior lecturer in forensic criminology at the University of Newcastle, told “Paedophiles are attracted to children; it’s innate.“It’s like saying you can treat people for heterosexuality. However, I think you can hope to deal with it. A lot of people who are true paedophiles would never harm a child. You can help people not act on it or access material. They need support networks, places they can discuss it without being judged. Keeping it covert exacerbates the problem.”READ MORE: read more

first_imgThe Greensburg Pirates traveled to Franklin County Thursday evening to take on the Wildcats.The Pirates fell to Franklin County 4-1.The Pirates and Wildcats battled tough for the game’s first 38 minutes before Franklin County slipped through the Pirate defense to bring the halftime score to 1-0 in favor of the Wildcats. Franklin County added 2 more midway through the second half making the score 3-0 before Greensburg was able to score. With less than 20 minutes to play, senior Jose Rosales was on the attack in the Wildcat penalty box. Rosales drew a foul setting up a penalty kick, which was taken and scored by senior Jordan Kramer, his first of the season. The Wildcats were able to put one more in before the final whistle blew, bringing the final score to 4-1.Junior midfielder, Kyle Bumbala, freshman midfielder Camden Rose, and senior defender Logan Yeager all did a great job of getting up into the attack and giving the Pirates opportunities to score.The Pirates are back in action next Thursday, September 17 to take on Batesville at 5:00 pm.Courtesy of Pirates Coach Cody DeVolld.last_img read more

first_img Loading… Nigerian forward Odion Ighalo would be a perfect fit at Manchester United, says Shanghai Shenhua sporting director, Zhou Jun.Advertisement Read Also: Premier League: Two Chelsea stars pen new deals“Realistically, Ighalo suits Manchester United. But many thing are now uncertain due to Covid-19.Would Manchester United be willing to spend? Would their bid reach our expectation?Jun was quoted as asking  by netted 10 goals from 17 appearances for Shanghai Shenhua last campaign. FacebookTwitterWhatsAppEmail分享 The former Super Eagles forward  could be on the brink of leaving Old Trafford following reports that the English club might be unwilling to pay the £20 million Shenhua are demanding for him.However, Zhou Jun has revealed that Ighalo will fit in well at United, but he suggested the club might find it difficult to pay such amount of money at this difficult times. Ighalo joined the Red Devils on a six-month loan deal from Shanghai Shenhua in the January transfer window.The 30-year-old has gone on to make a good impression at the club having netted four goals from eight appearances across all competitions. Promoted ContentWho Earns More Than Ronaldo?7 Universities Where Getting An Education Costs A Hefty Penny9 Most Epic Movie Robots We’ve Ever Seen10 Of The Dirtiest Seas In The World9 Facts You Should Know Before Getting A Tattoo7 Universities In The World With The Highest Market Value5 Of The World’s Most Unique Theme ParksWho Is The Most Powerful Woman On Earth?Why Go Veg? 7 Reasons To Do This6 Incredibly Strange Facts About Hurricanes10 Of The Worst Celebrity Dads In Hollywood10 Risky Jobs Some Women Dolast_img read more

first_imgComing off back-to-back road losses against Indiana and Penn State, the University of Wisconsin women’s basketball team (16-8, 5-6 Big Ten) is happy to be back at home. Inside the Kohl Center, the Badgers are an impressive 11-2 this season.”Home court has boded well for us in the past, and we hope that it holds true this week,” UW head coach Lisa Stone said at a press conference Monday.First, Wisconsin has a chance to avenge its disappointing performance in Bloomington, Ind., when it hosts the Indiana Hoosiers Thursday. Then, it faces Iowa in a primetime showdown Sunday.Playing Indiana twice in eight days is not surprising, considering the wackiness of the Big Ten schedule this season.”I think the schedule — it’s interesting for a lot of people,” Stone said. “We played three or four teams coming off a bye. We’ve played other teams a week apart, and some other teams in the league have done it like three or four times. … So it has been odd scheduling.”Even after the double-digit loss at Assembly Hall last Thursday, Stone doesn’t plan to change much entering this week’s rematch.”Our preparation in terms of the scouting report won’t be lengthy,” Stone said. “It’s fresh in [our] mind. We know what we need to do.”After the upsetting, winless week, Stone said the sub-par performances were byproducts of a lack of execution — not a lack of preparation.”It starts with our offense,” Stone said. “[Indiana’s] defense caused us to turn the ball over and led into transition baskets — so it starts with us. Finding better shots, being more patient, using the inside, using our post players more, having more inside post touches, ball reversals and more patience. That’s what we didn’t have last Thursday.”Stone is convinced the team’s execution won’t be a problem this Thursday.”We will be more prepared in terms of making sure that we get touches in different areas and get a higher-percentage shot,” Stone said. “That led to a transition game, but then once you get in a transition, it’s a number of things. It’s … tracking the ball, containing the ball handler, and then running the floor with the post players.” Triple threatJunior guards Jolene Anderson and Janese Banks continue to play well and score in bunches in the Badger backcourt. Still, Stone’s squad has yet to find a consistent third or fourth scorer.”It needs to be someone, and where it comes from has differed,” Stone said. According to Stone, freshman guard Rae Lin D’Alie has stepped up at times, and is good when she can get to the rim. Forward Brittany Heins was inserted into the starting lineup last week for her recent strong play, but her lack of scoring punch remains evident by her nine points in her last three games. Mariah Dunham and Caitlin Gibson have also shown signs of life. But outside of Banks and Anderson, no Badger has displayed the type of consistency to fill the role of third option for Stone’s offense.While No. 1 scoring-option Anderson has been putting up big second-half numbers of late, she doesn’t seem to get enough touches down the stretch, especially in last week’s defeats. But Stone assured the media her standout guard remains the go-to player during crunch time.”I think near the end of the game you think about who needs the basketball,” Stone said. “And when you try to find 41 (Anderson) and you can get the ball in her hands, good things usually come.”A lack of consistency on the road and in finding a third-scoring option has hurt the Badgers all season, but Stone remained positive and confident about the upcoming week.”I’m excited about the fact that we’ve showed tremendous progress from game to game,” Stone said. “It’s going to be nice to be back home and hopefully [we’ll have] a much different outcome.”last_img read more