Robert Plant & The Sensational Space Shifters recently rocked the Austin City Limits stage for a full-hour set, which can be viewed below. The former Led Zeppelin front man has still got what it takes to make the ladies swoon, as Plant performed several Zep songs, including “The Lemon Song,” “Black Dog,” and “A Whole Lotta Love” among some originals from his 2014 LP Lullaby and… the Ceaseless Roar.With Paul Simon performing earlier this season for the first time ever, it was Plant’s first time on the legendary program in 14 years. Enjoy the full set, courtesy of Austin City Limits and PBS Video:Robert Plant Austin City Limits Setlist:The Lemon SongRainbowBlack DogTurn It UpIn the MoodBabe, I’m Gonna Leave YouLittle MaggieI Just Want to Make Love to You/Whole Lotta Love[via Consequence of Sound]
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A 55-year-old Uniondale man was killed while trying to stop his garbage truck from rolling away after he stepped out of the cab on Friday morning.Nassau County police said Rudolph Skakel stopped the Mack truck he was driving to to retrieve garbage containers on Northern Boulevard in Roslyn Estates when the truck started rolling away at 6:13 p.m.The victim ran after the truck and jumped onto a side step in an attempt to try and regain control of the vehicle when it sideswiped a utility pole, causing fatal injuries, police said.Detectives inspected the truck and released it to his employer, Basin Haulage, after determining the the death was accidental.
33SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Wendy Moody Wendy Moody is a Senior Editor with CUInsight.com. Wendy works with the editorial team to help edit the content including current news, press releases, jobs and events. She keeps … Web: www.cuinsight.com Details Thanksgiving is almost here and that means Christmas shopping season is upon us. While many choose to wait until the last minute, the savviest shoppers know many of the best deals will arrive this coming weekend. Black Friday is known as the busiest day of the year for retailers, but with the convenience and popularity of online shopping, consumers can now skip the crazy 3am mall crowds. Here are a few tips for getting the best deals this weekend, both in store and online from the comfort of your couch.Start nowMany retailers start sales well before Black Friday as they know consumers are in the shopping spirit. Get ahead of the game by checking out online sales and door busters. Sites such as Dealnews.com, BlackFriday.com, and Bfads.net provide up-to-date information on inventory, store ads, and all the latest deals.Don’t hesitate to haggleUnbeknownst to many shoppers, many retailers such as Best Buy and Home Depot honor competitors’ prices. Don’t assume that what they are charging is the best on the market. Do your research in advance and if you locate a better deal at a similar store, speak with a manager about their price match guarantee.Go mobileSome shoppers like the idea of seeing store inventory in person while others shutter at the thought of large mall crowds. If you prefer to skip the traffic, check out online shopping deals this week, many of which are available now, on Thanksgiving day, through Cyber Monday. As with any mobile purchase, be smart about your online activity and be weary of scammers targeting consumers this week.
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A trial that has troubled press freedom groups and civl liberty activists for more than two years finally came to a conclusion Thursday when a federal court judge in Texas sentenced journalist Barrett Brown to 63 months in prison—exponentially less than the 100 years he faced prior to several controversial charges being dropped. Brown, a prolific writer, journalist, and political satirist, who was once linked to the hacking collective Anonymous, was facing a maximum federal prison sentence of 8 1/2 years following a guilty plea last year. Prior to his sentencing, Brown had been jailed for more than two years. Up until March 2014, Brown was facing more than 100 years in prison for trafficking stolen authentication features, access device fraud, and identity theft. The government inexplicably dropped those counts—11 altogether—one day after Brown’s defense team filed a motion to dismiss the charges. The charges were all linked to his sharing a link that contained hacked material from government defense contractor Stratfor. Federal prosecutors said the link not only contained private documents but more than 5,000 credit card numbers that belonged to Stratfor’s clients. Press freedom groups were particularly appalled that the government would charge someone with sharing information from an already publicly available link, albeit containing stolen material. Several groups, including the Electronic Frontier Foundation and Reporters Committee for Freedom of the Press, threatened to file an Amicus Brief, but held back because the charges were eventually dropped. “The First Amendment protects Mr. Brown’s publication of a publicly-available and lawfully-obtained web address linking to millions of pages of documents discussing suspect activities of the United States government intelligence contractor Stratfor Global Intelligence,” they wrote. Brown was never accused of the hack, but he did become the public face of Anonymous, though he has denied ever being its official spokesperson. Jeremy Hammond, the hacker who actually committed the digital heist, is currently serving a 10-year sentence.READ: Barrett Brown: American Journalist, Whistleblower & PrisonerIn March 2014, Brown pleaded guilty to Internet threats, accessory after the fact in the unauthorized access of a protected computer, and interfering with the execution of a search warrant. The plea agreement was held under seal until late April.When his long-awaited sentencing did come, his supporters had hoped he’d be sentenced to time served. Instead, he was hit with a five-year term in a federal prison. He’ll also have to pay $890,000-plus in restitution and fines, according to the Guardian. Brown reportedly will get credit for the 31 months he’s already served. He also faces two years of supervised release. Following Brown’s sentencing on Thursday, he released a sarcastic—his supporters expect nothing less—statement through Long Island-based Sparrow Project in which he promised to investigate the federal prison system ostensibly on assignment for the US government. “Good news!—The U.S. government decided today that because I did such a good job investigating the cyber-industrial complex, they’re now going to send me to investigate the prison-industrial complex,” Brown’s statement reads. “For the next 35 months, I’ll be provided with free food, clothes, and housing as I seek to expose wrongdoing by Bureau of Prisons officials and staff and otherwise report on news and culture in the world’s greatest prison system.”“I want to thank the Department of Justice for having put so much time and energy into advocating on my behalf; rather than holding a grudge against me for the two years of work I put into in bringing attention to a DOJ-linked campaign to harass and discredit journalists like Glenn Greenwald, the agency instead labored tirelessly to ensure that I received this very prestigious assignment. “Wish me luck!” In a statement provided to the court Friday, Brown apologized for his actions and expressed regret, but also criticized the prosecution for painting a false narrative. “Even aside from the obvious fact that I did not commit fraud,” Brown said, “and thus couldn’t sign on to any such thing, to do so would have also constituted a dangerous precedent, and it would have endangered my colleagues each of whom could now have been depicted as a former associate of a convicted fraudster. And it would have given the government, and particularly the FBI, one more tool by which to persecute journalists and activists whose views they find to be dangerous or undesirable.” Brown, the founder of the crowdsourcing think thank Project PM, was not officially charged until six months after federal agents raided his apartment as well as his mother’s home. Brown admitted in March to concealing two laptops containing his journalistic work and research for a forthcoming book. Brown and his mother displayed a different laptop on a table as a decoy, according to court documents. He also pleaded guilty for Internet threats made in a now-infamous, three-part YouTube series that’s laced with profanity and bravado. Brown’s supporters have accused the government of prosecuting him for his journalism. Brown, whose work has appeared in the Guardian, Huffington Post, Vanity Fair, and several other outlets, doggedly investigated government contractors that are not beholden to the American public. Brown was particularly interested in reporting on the documents that appeared on the Internet following the hack of Stratfor.In an interview with the Press in May, one of Brown’s attorneys, Ahmed Ghappour, said the 33-year-old plans on continuing his work when he’s eventually released. “Barrett is a brilliant but troubled young man,” said Ghappour, “who with the right community support is certain to be a productive member of society.”
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Governor Wolf Announces 2018 PHARE Funding to Support Affordable Housing Across Pennsylvania Human Services, Infrastructure, Press Release Harrisburg, PA – Governor Tom Wolf today announced recipients of a new round of funding for housing programs made available through the Pennsylvania Housing Affordability and Rehabilitation Enhancement (PHARE) fund. The governor named 137 housing and community development initiatives in 52 counties that will share a portion of the total $26.6 million in PHARE funding for fiscal year 2017-18. The PHARE fund is managed by the Pennsylvania Housing Finance Agency.“For many families today, too much of their paycheck goes to housing, leaving little for food, transportation and other necessities,” said Governor Wolf. “Housing that is affordable is critical for helping families and communities thrive. That’s why I’m so pleased to announce this funding that will be used to preserve and expand the amount of affordable housing available in our state and address unmet community revitalization efforts.”Funding for the PHARE program comes from three main sources. Since 2012, the program has received a portion of the impact fees collected from natural gas companies operating in the state with the goal of addressing the housing shortage caused by the impact of drilling. That is supplemented with two major new funding sources that include a portion of the realty transfer tax and money from the National Housing Trust Fund.Today’s PHARE funding is expected to produce the following results:9,269 individuals or families at risk of homelessness will receive rental or utility assistance;1,224 homes will be rehabilitated or repaired;803 new rental units will be created;23 new single-family homes will be constructed;128 sites will be acquired or prepared for the future construction of 131 homes;385 households will receive home purchase assistance; and10,245 households will receive case management, including legal services, financial education and foreclosure prevention resources.“I want to applaud all the local organizations that approached us with innovative proposals for how to best use this housing money in their communities,” said PHFA Executive Director and CEO Brian A. Hudson Sr. “When you look at the wide variety of projects being funded today, you have to be impressed with the many different ways these organizations are using their money to address local housing shortages and improve their communities.”PHFA staff reports that $20.5 million of the $26.6 million allocated today will be used to fund housing projects benefiting households with incomes below 50 percent of the area median income. This represents 77 percent of the awarded funding.A list of the proposals receiving PHARE funding, often referred to as the state’s Housing Trust Fund, is available at www.phfa.org/legislation/act105.aspx. See the fifth bullet for “Funding Announcements.”About PHFAThe Pennsylvania Housing Finance Agency works to provide affordable homeownership and rental housing options for older adults, low- and moderate-income families, and people with special housing needs. Through its carefully managed mortgage programs and investments in multifamily housing developments, PHFA also promotes economic development across the state. Since its creation by the legislature in 1972, it has generated more than $13.7 billion of funding for more than 172,053 single-family home mortgage loans, helped fund the construction of 132,531 rental units, and saved the homes of more than 49,215 families from foreclosure. PHFA programs and operations are funded primarily by the sale of securities and from fees paid by program users, not by public tax dollars. The agency is governed by a 14-member board. SHARE Email Facebook Twitter April 12, 2018
Governor Wolf Announces Investments in 50 Multimodal Projects to Improve Safety, Mobility, Local Economies February 01, 2019 Infrastructure, Press Release, Transportation Harrisburg, PA – Governor Tom Wolf announced today that 50 highway, bridge, transit, aviation, and bike and pedestrian projects in 23 counties were selected for $44.5 million in funding through the Multimodal Transportation Fund.“Transportation is critical to connecting communities and economies, and we are an important partner in bringing progress across the state,” Governor Wolf said. “These investments will improve overall mobility and safety while bolstering commercial projects.”Reflecting Governor Wolf’s and PennDOT Secretary Leslie S. Richards’ commitment to improving locally owned infrastructure, several of the projects will also help local governments address bridges and roadways in need of repair or replacement.“Whether we’re making roadways more accessible to all means of travel or creating new connections for businesses investing in our communities, transportation is integral to our quality of life,” Richards said. “These projects will bring long-lasting improvements across the state.”PennDOT evaluated the applications and made selections based on such criteria as safety benefits, regional economic conditions, the technical and financial feasibility, job creation, energy efficiency, and operational sustainability.For more information about the program, visit www.penndot.gov and click on Multimodal Program under the “Projects & Programs” button.Allegheny County:McKees Rocks Community Development Corporation — $1.9 million for multimodal transportation and green infrastructure improvements and streetscapes including ADA-compliant sidewalks and crosswalks, curbing, bus lanes, pedestrian circulation, bike racks, infiltration cells, traffic signals, and new street lighting beginning at the intersection of Chartiers Avenue, Linden Avenue, and Furnace Street Ext., and extending northwest along the first block of Chartiers Avenue.Penn Hills Township — $3 million to repave and improve roadways throughout the township most in need of repair, complete ADA-compliant cut-outs and sidewalks, and make streets more accessible for bicycle traffic.Pittsburgh Arena Real Estate Development LP — $1.4 million for transportation improvements that will support the planned redevelopment of the former Civic Arena site in the City of Pittsburgh’s Lower Hill District, including the addition of a new roadway access point connecting New Street to Center Avenue as well as pedestrian, bike, and public transit improvements on Crawford and Center Avenues.Ross Township — $2.2 million for new sidewalks on Siebert Road from McKnight Road to Woodland Road and a second southbound left-turn lane on McKnight Road and additional receiving lane on Siebert Road.Sports & Exhibition Authority of Pittsburgh and Allegheny County — $650,000 for a new three-acre public open space providing improvements to intersection, public streetscape, new accessible pedestrian pathways, bicycle routes, bus stop, bikeshare station, stormwater management, energy-efficient lighting, and other public amenities.Armstrong County: Armstrong County — $764,755 for multi-municipal projects across the county, including paving in Parks Township; bridge replacement in Kittanning Township; traffic signal replacement in Leechburg, and road improvements in West Franklin.Berks County: Caernarvon Township — $208,854 to decrease the turning radius from Route 10 onto Shiloh Road and improve sight distances at the intersection.Bucks County: Plumstead Township — $607,175 for essential pedestrian safety improvements, including sidewalks, ADA-compliant features, and signalization at the intersection of Stump Road and Route 611 (Easton Road).Cambria County: Johnstown Redevelopment Authority — $2.7 million to construct an industrial connector road to connect the Johnstown Urban Industrial Park – a new 115-acre industrial park – to Iron Street.Centre County: Centre County — $2 million to replace two high-priority, poor-condition bridges in the county – Mill Street Bridge in Howard Borough and Railroad Street Bridge in Bellefonte Borough.Chester County:Chester County Airport — $1.8 million to extend the existing terminal building that was constructed in 1993 which will allow for the addition of a public terminal and new Fixed-Base Operator space and expansion of the parking and access way.Chester County Conference & Visitors Bureau — $204,284 to replace existingwayfinding road signage throughout Chester County, including fabrication, installation,and inspection of newly-designed signs.East Coventry Township — $2.6 million to signalize the Route 724/Peterman Road intersection; add left-turn lanes on all approaches; restrict left turns from Old Schuylkill Road to the Route 724 intersection; and install sidewalks along the east side of Peterman Road from Route 724 to Old Schuylkill Road and along Old Schuylkill Road to Spiece Road.East Fallowfield Township — $1 million for repairs to Mortonville Road, including embankment stabilization, drainage improvements, and roadway reconstruction.Honey Brook Borough — $100,000 for pedestrian improvements to Chestnut Street, including rehabilitation and reconstruction of sidewalks and curbs to ADA standards with street paving. The work will also direct stormwater toward existing inlets.Clearfield County:Brady Township — $330,775 to replace the Haag Road Bridge over Stump Creek with a culvert.Huston Township — $450,000 for roadway and pedestrian infrastructure improvements to improve vehicle circulation, pedestrian safety, and overall mobility on approximately 3.78 miles of Mountain Run Road (T-338).Penn Township — $272,672 to replace superstructure of the bridge over Bell Run, pave approaches to the bridge, aggregate for shoulders, install guiderail, and end transitions.Clinton County: Woodward Township — $175,000 to pave 1.98 miles of Croak Hollow Road (T-512).Huntingdon County: Mount Union Borough — $1.2 million to complete the Pennsylvania Avenue Linear Park Corridor as a multimodal transportation hub in the heart of town. The project will link the Mount Union Area School District and surrounding neighborhoods to the central business district on the southern side of the rail lines.Lancaster County:East Lampeter Township — $1.6 million to complete improvements that have been recommended in the Lincoln Highway Streetscape Plan targeting pedestrian and multimodal facilities, including the addition of a bicycle/pedestrian path on the south side of the highway, widening of the pedestrian sidewalk on the north side of the highway, and crosswalks at the signalized intersections.Property Investing and Management, Inc. — $2.2 million to improve existing roadways and construct new roadways along the Route 322 corridor in Ephrata Township and Ephrata Borough to directly facilitate the build-out of Ephrata Crossing, a mixed-use development project.Lehigh County:Borough of Slatington — $440,000 to realign and reconstruct the SR 0873 / Walnut Street intersection in the Borough of Slatington to be completed in conjunction with the Lehigh County Walnut Street Bridge replacement.Borough of Coopersburg — $1.2 million for traffic, bicycling, and pedestrian improvements to Main Street and East State Street, including ADA-compliant pedestrian crosswalks at two key intersections, 0.11 miles of curb, sidewalk, pedestrian lighting, signs, and pavement marking.Luzerne County:Avoca Borough — $1.6 million for improvements to the intersection of Main Street and McAlpine Street, including widening the southwest corner of the intersection to improve the right turn from McAlpine Street to Main Street.City of Wilkes-Barre — $250,000 to rehabilitate the bridge carrying Strauss Lane over Solomon Creek.Exeter Borough — $572,293 to restore and improve Route 1025 (Schooley Avenue) between Cedar Street and Susquehanna Avenue.Lehman Township — $472,615 for base repairs and paving on Old Route 115 from Jackson Road to Route 118.Pittston Township — $603,847 for improvements to the roadway and drainage to safely accommodate two-way traffic, improve the conveyance of stormwater, and improve the safety of roadways in the Township, including Baker Road, Chapel Road, and Upper and Lower Ridge Roads.Plains Township — $117,463 to redefine the access points to the newly proposed Wilkes-Barre Area School District High School, improving traffic flow and safety.West Hazleton — $1 million to replace the Jaycee Drive bridge over Black Creek in the Valmont Industrial Park.Mercer County:City of Hermitage — $345,541 to construct sidewalks along the east side of South Route 18 (Hermitage Road) between Linden Pointe Business Campus and Morefield Road and intersection improvements at Armstrong, Emilie, and Morefield Roads.City of Sharon — $1.3 to repave and improve multiple streets throughout the city, complete ADA-compliant cut-outs and sidewalks, and make these streets more accessible for commerce in the city.South Pymatuning Township — $261,585 for improvements to Wynnewood Drive, Kane Road, and Orangeville Road, including the removal and replacement of the current road surface; grinding, leveling, and repaving; replacement of the culverts, ditch, and berm areas of the roadway; and installation of new aggregate base to meet desired elevation on Wynnewood Drive.Mifflin County: Oliver Township — $700,000 for full roadway reconstruction of Kansas and School House Roads, consisting of roadway widening, replacement of undersized culverts, road base improvements, and road rehabilitation to improve the safety of the roadway network.Monroe County: Stroud Township — $521,616 to replace an existing steel beam stream crossing carrying Mervine Road (T-412) over Cherry Creek.Montgomery County:Lower Moreland Township — $1.2 million to replace a structurally deficient structure and widen the roadway along Red Lion Road to accommodate existing traffic volumes.New Hanover Township — $125,394 to widen Route 73 to provide a separate eastbound left-turn lane along with minor reprofiling of a vertical curve to improve sight distance, as well as the installation of a traffic control signal.Towamencin Township — $1 million to widen Route 63 (Forty Foot Road) to improve traffic flow, upgrade signals, and install ADA-compliant pedestrian amenities.Upper Moreland Township — $390,000 for roadway widening along Davisville Road to provide a dedicated northbound right-turn lane onto Byberry Road.Northampton County: Lower Saucon Township — $219,640 to replace Lower Saucon Road Bridge, a two-lane culvert-style bridge.Philadelphia County:City Avenue Special Services District — $626,386 for road and pedestrian safety improvements on City Avenue.City of Philadelphia, Streets Department — $1.1 million to restore four unique historic streets to improve multimodal access, ADA compliance, and boost economic development in historic districts: Camac Street’s wood pavers, Waverly Street’s iron slag block, and Mermaid Lane and Winston Road’s cubical granite block.Mural Arts Philadelphia — $68,128 to improve the safety and utilization of Wayne Junction, a multimodal hub, through the addition of public art.Pike County: Delaware Township — $626,897 to grade shoulders; superpave scratch and leveling; superpave wearing course; aggregate shoulder; prime coat; and line paint the entire length of Doolan Road and a portion of Park Road.Schuylkill County:County of Schuylkill — $674,720 for full depth reclamation, shoulder restoration, guiderail replacement, replacement or restoration of storm drainage features, and repaving of the park-and-ride lot on Airport Road.Kline Township — $211,667 to improve existing transportation infrastructure assets and enhance pedestrian safety through the repair of 13 sections of deteriorated highways used for residential, commercial, and industrial traffic throughout the township.Tioga County: County of Tioga — $1 million to extend the Pine Creek Rail-Trail (PCRT) to a trailhead in Wellsboro Borough, three miles south.Westmoreland County:Borough of Youngwood — $400,000 for improvements to the Route 119 corridor (3rd and 4th Streets), including new roadway, ADA-compliant sidewalks, ADA ramps brought to current standards, and state-of-the-art signals along both streets.City of Latrobe — $100,000 to enhance the safety and accessibility of three downtown railroad underpasses by replacing deteriorated sidewalks, installing curb ramps, cleaning and painting steel I-beams and railings, and updating lighting. 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Investment research provisions in the newly-introduced MiFID II regime will have a varied impact on pension funds, according to interviews with a number of European investors. The new regulation, which came into effect on Wednesday, means asset managers can no longer acquire investment research for free from providers such as investment banks and brokerage firms and pass it on to clients. For the first time, an explicit price needs to be put on research, leading to a challenging ‘price discovery’ process.Pension funds with internal teams that acquire research directly from investment banks have, like asset managers, been engaged in this process, and have limited resources for acquiring research at a cost. Markus Schaen, senior fund manager at Dutch fiduciary manager MN, said: “Budget constraints will likely mean that our internal teams will have to make choices and will have, as a result, access to the research from a lower number of parties under MiFID II.” “Many of their brokers – the more traditional sell side ones – have indicated that they will charge our teams for access to research and other resources under MiFID II. The parties are currently negotiating on the price for access,” he added. Investment research: changes ahead as MiFID II kicks inRasmus Bessing, director at PFA Asset Management, the asset management division of Danish pension fund PFA, said it was very hard to foresee to what extent MiFID II’s research cost ‘unbundling provision will change the research landscape. It was not unlikely, however, that it would lead to fewer providers of research, he added. “We foresee that we will continue to to use external research,” said Bessing. “However, when the new rules come into force, we will monitor the cost associated with investment research. We believe MiFID II should not lead to increased costs overall, and we will make sure that the cost of research paid for explicitly results in lower execution cost.”A survey carried out by the buy-side division of the International Capital Market Association in October found that 83% of respondents thought they would use fewer research providers once the new regulatory regime came into effect. The survey was focussed on research about fixed income, currencies and commodities. According to MN’s Schaen, pension fund teams responsible for manager selection and monitoring should be affected by MiFID II to a more limited extent. “We have used research on stocks and companies provided by sell-side firms, but to a limited extent, and we plan to continue as is.” Tony Persson, acting head of investment management at Alecta“It looks like the vast majority of [asset managers] will not charge us for access to research under MiFID II and will absorb the cost themselves”, he said.Virtually all asset managers have ended up signalling they will not pass on the additional cost to clients – a survey conducted by IPE last month identified only two of the top 120 European asset managers as planning to pass on the charges to clients.But MiFID II may lead to pressure on firms to reduce money spent on research, according to Schaen.“This can be achieved by lowering the number of analysts and replacing more experienced but more expensive analysts with cheaper junior analysts,” he said. “[…] In any case, this will harm coverage of the market. Fewer analysts will look at a given company, which is especially true for companies that carry a smaller index weight, and less time will be spent on a company, which should lead to lower-quality analysis.”Alecta, the Swedish pension fund, is not a heavy user of third party-research, according to Tony Persson, its acting head of investment management.“We have used research on stocks and companies provided by sell-side firms such as brokers and investment banks, but to a limited extent,” he told IPE. ”We plan to continue as is. “Research material is acquired without middlemen directly from our counterparty as we manage all our assets internally. We have never had to pay explicitly or implicitly for this research. All investment decisions are guided by our own internal analysis.”There is widespread consensus, however, that MiFID II will change the landscape of investment research provision. A June 2017 report by McKinsey estimated that for European asset managers that decide to pay for research in full, profits could be reduced by as much as 15-20%. “The resulting change to research operations will be enormous,” said the report.For more coverage of the impact of MiFID II on investment research, see this month’s report on investment research and this month’s On the Record interviews
The funds called for the regulator to:Remove the general due diligence deduction for market rates and replace it with a realistic credit risk deduction;The FSA should retain the prevailing forward rate if the current model for calculating the discount rate curve is kept; andAn overall adjustment of the capital requirement should be made to correspond to the level set by the legislature.Wessén also said the higher capital requirements for unit-linked insurance in the proposal reduced the scope for low fee levels. “This has a negative impact on pensions,” she said.The funds opted to make a consultation response as a group because their industry association, Insurance Sweden, had no overall position on the solvency rules for traditional insurance.In its response, meanwhile, Insurance Sweden said it was critical of many parts of the proposed regulation.It said insurance technical provisions, capital base and capital requirements had to be seen as a whole, but the FSA had not made any assessment of the overall effect of the solvency regulation.“In our view, the proposals lead to a marked tightening of requirements,” it said. However, it voiced support for several of the proposed methods for calculating capital requirements and for a review of capital requirements.The association said collective bargaining parties should not need to have to agree on what information should be provided to the insured.“The current way of providing occupational pension information works well and should not be changed,” it said.“Finansinspektionen’s proposal contains a lot of ambiguities that need to be addressed in future work,” Insurance Sweden said. “This applies to the obligation to provide information to the insured, the requirements of the annual report and the reporting requirements.”Last week, occupational pensions association Tjänstepensionsförbundet, whose members include government pension fund Kåpan Pension, banking sector scheme SPK and insurers’ pension fund FPK, responded to the regulatory plan saying the rules would lead to funds having to undertake too much administrative work, pushing up costs. Three of Sweden’s largest pension funds have criticised draft solvency rules within the regulation to implement IORP II.Folksam, AMF and Alecta issued a joint response to the Swedish FSA’s draft IORP II solvency rules, warning of the potential impacts on traditional defined benefit (DB) pensions.The providers said the new rules – which were put out for consultation by the FSA (Finansinpektionen) on 8 July – would negatively affect both pension savers and employers.Ylva Wessén, Folksam’s acting group chief executive, said: “Finansinspektionen’s proposal for solvency regulation risks leading to significantly lower pensions for the beneficiaries and also to large cost increases for employers.”
BEFORE: The front of the house at 30 Harris St, Hawthorne, before the renovation. AFTER: The front of the house after the renovation.Fortunately, their award-winning architect, Shaun Lockyer, agreed.So, instead of raising the house and building underneath, they dug out the ground floor.Ms Miedecke said they had a “dream run” as far as renovations go, having only needed to move out and rent nearby for nine months before moving back in.They also managed to secure the same builder who had just finished Mr Lockyer’s own house, Bruce Wales.“At that point in time, we weren’t sure if we were having kids or not and we just had a puppy, so (Shaun) encouraged us to renovate the house so it would suit a couple, as well as a family,” Ms Miedecke said.“I actually fell pregnant while we had moved out and so was 16 weeks pregnant when we moved back in and then had a second baby.”The original house was in good condition, so they decided to leave it as it was, aside from painting and repolishing the timber floors, and reopening the hallway so you could walk straight through the centre of the house.“It was pale pink and green and had some lemon and blue inside, the bathroom was falling off the back of the house and the deck had holes in it and you had to put a table over the holes so you didnt’t fall through the deck!” Ms Miedecke said.This part of the house features a front veranda, three bedrooms and a living area with sliding doors that open up to an 8m-high void above the kitchen. BEFORE: The kitchen in the house at 30 Harris St, Hawthorne, before the renovation. AFTER: The kitchen in the house at 30 Harris St, Hawthorne, after the renovation.They decided to knock down the post-war extension at the back of the house and install a new, modern one that really separates the front from the back.The hallway continues through the original house and connects to the new extension via a sliding wall. “Tradies walk through the old part of the house and go; ‘Wow!’,” Ms Miedecke said.“I like the fact it is a surprise every time you walk through to the back.”The original kitchen has been converted to the main bathroom.Upstairs, there is an open-plan study leading through to a master suite, which includes a walk-in wardrobe, ensuite, bedroom and Juliette balcony surrounded by timber slats for privacy. Downstairs from the middle level is the open-plan dining, lounge and kitchen, featuring an ILVE oven with gas cooktop, a mirrored splashback, Solar DOM LG convection microwave, stone benchtops, timber cabinetry and a large breakfast bar.Stacked sliding glass doors open out from this space to an entertainment area, featuring a paved barbecue and dining area, a 20m, magnesium lap pool and a low-maintenance lawn. And from the kitchen, there is access to a powder room, laundry and double garage. BEFORE: The living room in the house at 30 Harris St, Hawthorne, before the renovation. AFTER: The living area of the house at 30 Harris St, Hawthorne, after the renovation.Other notable features include a cubby house, garden beds with a watering system, a 7500-litre rainwater tank and a six-kilowatt solar electricity system.“We wanted to achieve a house that still looked good in 10 years time,” Ms Miedecke said. “We wanted people to walk in and not know when it was renovated. More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours ago“It’s modern, but classic at the same time, with simple finishes that should stand test of time.” Mr Behrens and Ms Miedecke are selling to move on to their next renovation project.“We’ve had a great 10 years living in this house,” Ms Miedecke said.“It’s been fantastic for entertaining; great for parties and young kids.“We’ll miss the street … and we’ll miss coming home to a Queenslander.” BEFORE: The back of the house at 30 Harris St, Hawthorne, before the renovation. BEFORE: The back deck on the house at 30 Harris St, Hawthorne, before the renovation. BEFORE: The backyard before the renovation. AFTER: The backyard has been put to better use since the renovation. The property is being marketed by Sarah Hackett and Charmaine McDonald of Place Bulimba and is scheduled for auction at 11am on Saturday, February 29. RENO FACT CHECKTime taken: 12 monthsTotal spend: $950,000 The back of the house at 30 Harris St, Hawthorne, after the renovation.WHEN Nick Behrens opens his birthday present this Sunday, he’ll be treated to 10 years of treasured memories in one picture frame.Anna Miedecke’s gift to her husband this year is a painting of the first house they ever bought together — the home they renovated and raised their two children and beloved dog in.The couple bought the 1897 Queenslander at 30 Harris St, Hawthorne, a decade ago after falling in love with its old-world facade. “We had tried really hard to buy a house in Stuart Street adjacent to this one, but we lost that one,” Ms Miedecke said. “The agent showed us this one and we just loved the way it looked from the street.“So when we were successful in purchasing it, we knew the best thing to do was not to change the way it looked from the street.” The owners will be hosting a special open home today, Sunday, February 23, at 12.30pm.