Category: fafnfadd

Official Lettuce Documentary ‘Let Us Play’ Released Worldwide

first_imgAfter premiering in NYC and on Jam Cruise to widespread acclaim, Let Us Play, the official documentary from funk powerhouse Lettuce, is now available to purchase or rent on Vimeo.The 45-minute film, directed by Jay Sansone of Human Being Media and produced by Live for Live Music’s Kunj Shah, merges footage from live sets, recording sessions, interviews, and candid scenes from the road. Filmed over a six-month period, the footage chronicles the mechanics of improvisation and the artistry behind making a funk record. Viewers will get an in-depth diagnosis of the band, who they are as artists, how they work together and use their ridiculous expertise to come up with some of the funkiest music around.Watch the trailer below, and view the whole thing here! Lettuce will be headlining two nights at the inaugural Fool’s Paradise April 1st & 2nd along with Vulfpeck, GRiZ, Chris Robinson’s Soul Revue (ft. George Porter Jr., Eric Krasno, Nikki Glaspie & more), The Nth Power, and more.last_img read more

New Toxicant Test

first_imgFor more than 40 years, Bisphenol A, more commonly known as BPA, was used in everything from plastic baby bottles and the lining of metal food containers to dental sealants. When scientists began seeing a connection between BPA and abnormal sperm and egg development, it set off worldwide public health concerns. The types of abnormal development researchers detected could lead to increased cases of Downs and Klinefelter syndromes in children or to infertility.As more scientists began investigating the effects of toxicant exposure and links to abnormal fetal development, three University of Georgia researchers discovered a more efficient, accurate and cost-effective way to conduct these studies using cells in a petri dish. Franklin West and Steve Stice, animal scientists in the UGA College of Agricultural and Environmental Sciences, and Mary Alice Smith, a toxicologist in environmental health science in the UGA College of Public Health, began testing the efficiency of a technology West and Stice developed to measure the effects of environmental toxicants. They use cells that come from stem cells and represent the early cells that eventually will form sperm cells in adults. The cells are highly vulnerable to toxicants.Their findings were published recently in Toxicological Sciences.“There is no human system to study toxicant effects on early sperm development,” West said. “But, we can expose these human cells to different toxicants and predict how changes will impact birth defects and fertility later in life.”Currently, most developmental toxicological studies are done using mice or rats. “We need to move away from rodent tests because they often won’t tell us how detrimental or safe chemicals are in humans,” West said. “For example, the potential effects of BPA in humans, especially in the unborn child, is still hotly contested. This cell culture system moves us away from animal testing, which most agree is preferable as long as the studies are equally or more reliable.”The new testing model fills a void left by current methods and provides human-specific results.“Using animal studies, you are looking at more than a year to test a chemical in rodents,” Stice said. “Using this test, we get results in two to three weeks at most and possibly shorter.”Considering the vast number of untested chemicals humans are exposed to, with new ones coming out every day, animal testing will never be practical to prioritize which chemicals need further testing, Stice said. There are more than 80,000 chemicals in the environment that haven’t been tested for human impact mainly because of the cost and time required using current procedures.The reliability of those results also must be considered.“Mice don’t have three or four (of the) critically important genes that are leading causes of infertility,” West explained. “Sperm and egg cells are the only cells that go through meiosis, a special type of cell division necessary for sexual reproduction. You can’t use another type of cell to find the impact a chemical has on these cells and, in turn, fetal development.”West first developed the germ-like cells during his doctoral work in Stice’s UGA laboratory.“Our next step with the cells is to test more chemicals and see what happens with more compounds,” he said.Stice also plans to use neural and bone forming cells he developed to test chemicals for developmental neurological and skeletal toxicology. Scientists at the Environmental Protection Agency already have demonstrated in peer-reviewed studies that these types of cells are very sensitive to known toxins such as lead and mercury. The team is now testing more chemicals on these cells.“If the assay is predictive and repeatable, the chemical industry will have better, faster and less expensive test systems and, as a result, will reduce the use of animal testing and experiments,” Stice said.“Testing more known chemicals for developmental toxicology will validate these assays for later use by the chemical industry. Our shared long-term goal is to ensure the health and well being of our children,” he said.An abstract of the journal article is available at http://toxsci.oxfordjournals.org/content/129/1/9.last_img read more

Beer Trails: Combining Scenery and Suds in the South

first_imgThe Southern Appalachians have their share of trails: bike trails, hiking trails, paddle trails—and now,  thanks to the craft brewery boom, beer trails. Explore multiple breweries and find quick access to the South’s best adventure. Here are six beer trails worthy of your precious weekends.Brew Ridge TrailVirginia—35 miles Nelson County is the epicenter of Virginia’s first craft beer boom, thanks to the pioneering efforts of Starr Hill, Blue Mountain and Devils Backbone. Brewing has grown in the county, and now you can link up almost half a dozen breweries via a scenic mountain ramble. The hiking isn’t too bad, either.South Street BreweryKick the trip off in downtown Charlottesville and order the easy drinking Satan’s Pony, a malt-driven amber ale. southstreetbrewery.comStarr HillPay homage to Virginia’s first craft brewery in Crozet. Starr Hill has revamped some of their classic beers and introduced outstanding new IPAs. Jump on their imperial IPA, King of Hop, which is loaded with citrus. starrhill.com Blue Mountain BreweryBlue Mountain helped pioneer the new wave of hop farming in Virginia, and you can see the fruits of their labor at their Afton brewery, which houses two expansive hop fields. Full Nelson is a solid pale, but try to get your hands on Blue Reserve, which uses only home-grown Cascade hops. bluemountainbrewery.com **Burn CaloriesDetour onto the Blue Ridge Parkway and climb Humpback Rocks, a fin of rock with killer views that come after 800 feet of climbing in one mile.Wild Wolf Brewing CompanyWild Wolf’s backyard is ridiculous—a white-fenced beer garden set amongst the hardwoods—and it’s the perfect road trip distraction. Order the Blonde Hunny, an unfiltered wheat beer, and bring your appetite—Wild Wolf runs a farm to fork restaurant that gets most of their ingredients within 30 miles. wildwolfbeer.com Devils Backbone Brewing CompanyDevils Backbone has grown significantly (they’re actually owned by Anheuser Busch now), but their Basecamp campus in Roseland still has adventure-hub charm. DB Brewing made a name for themselves with their Vienna Lager, and it’s still a solid option, but consider their Gold Leaf lager for something a bit more crisp and sessionable. dbbrewingcompany.comThe Beerwerks TrailVirginia—80 milesThe only problem with the Shenandoah Valley? There’s so much to take in, it can be hard to focus. You have the Shenandoah River running through the heart of the pastoral valley, which is framed by the rugged peaks of the George Washington and Jefferson National Forest, as well as Shenandoah National Park. You’ve got the A.T., the best mountain biking in Virginia, paddling, road cycling…and now beer. A dozen breweries are scattered along the valley’s new Beerwerks Trail. We’ve picked a few highlights to help you focus. beerwerkstrail.com Great Valley Farm BreweryGreat Valley Farm Brewery is a small farm brewery located on 27 acres in the Natural Bridge area. We specialize in producing beers in the Belgian farmhouse tradition using many ingredients from our farm, as well as other local farms. Please stop by to enjoy a beer and the scenic views of the southern Shenandoah Valley. http://greatvalleyfarmbrewery.com/Stable Craft BrewingYou have five breweries to choose from between Waynesboro and Staunton. We say hit Seven Arrows Brewing (sevenarrowsbrewing.com) on your way to Stable Craft, just outside of Waynesboro, which operates a working hop and horse farm on the site of the brewery. Get one of their IPAs and have it poured through their Randall, which infuses the beer with a different fruit or herb each day. stablecraftbrewing.com**Burn CaloriesHead into Shenandoah National Park and tackle the road climb on the southern end of Skyline Drive that gains more than 1,000 feet in 10 miles on its way to the top of Loft Mountain. nps.gov/shenHarrisonburg, VirginiaThis small college town has become a hotbed of beer, so prepare for a quick walking tour that takes in four breweries. Brothers Craft Brewing, on the north end of town, is in an old Coca-Cola plant (order their pale ale, called The Great Outdoors; brotherscraftbrewing.com). Then hit Restless Moons (get the Negative Externalities IPA if it’s on tap), Three Notch’d (Jack’s Java Espresso Stout for a kick; threenotchdbrewing.com) and finish at Pale Fire, where you’ll order the medal winning Salad Days Saison.**Burn CaloriesGet a trail pass from Shenandoah Valley Bicycle Coalition and knock out a couple of dirty loops on Massanutten’s rugged Western Slope, just outside of downtown. svbcoalition.orgThe High Country Beer TrailNorth Carolina—40 milesYou could knock out every brewery on this High Country route in a day if you were ambitious, but you’d be missing the entire point of this trip. While the beer is good in the High Country, the adventure is better. Along this 40 mile trail that connects four breweries, you have either lift-served mountain biking or downhill skiing depending on the season, a legit peak scramble, some of the best road biking in the country, and even a bit of bouldering if you’re game.Blind Squirrel Brewing CompanyLocated in a lodge in sleepy Plumtree, Blind Squirrel has been knocking out solid beers quietly since 2012. Show up on Saturday and you can take a tour of the brewery. Order the Nut Brown Ale. Because it’s a squirrel brewery. Bonus: There’s a zipline course and disc golf course on site. blindsquirrelbrewery.comFlat Top BrewingMake a pit stop in Banner Elk for shuffleboard and a pint of Rollcast, a super crisp and refreshing Kolsch. flattopbrewing.com**Burn CaloriesHead to Grandfather Mountain State Park for a five-mile hike/rock scramble along the Grandfather Trail to Calloway Peak. Or knock out a 20+ mile road ride that combines a choice piece of the Blue Ridge Parkway (crossing the Lynn Cove Viaduct) and US 221.Lost Province BreweryGet an education in hops at this young brewery in downtown Boone by ordering the Lost Province IPA side by side with the Lost Province Mosaic IPA. You’ll see what the addition of specific hop strains can do for a beer. lostprovince.comAppalachian Mountain BreweryAMB might be on the outskirts of town, but it’s the center of craft brewing in the High Country. Order anything—it’s all good—but we’re partial to Long Leaf IPA. appalachianmountainbrewery.comBooneshine BrewingLess than a mile from AMB, Booneshine is a tiny brewery without its own taproom. You can watch the gang make beer through the window, then step next door to Basil’s for a sample at their bar. Get a flight, or go with the Sencha Saison, a Belgian farmhouse-style beer brewed with ginger and green tea. booneshine.beer**Burn CaloriesRocky Knob Mountain Bike Park, in Boone, has several miles of cross country trails built for progression so you can work on your tabletops, skinnies and drops. rockyknob.wordpress.comBlue Ridge Beerway—Virginia70 miles Roanoke is rapidly becoming Virginia’s hub of good beer, and Deschutes choosing the city for its East Coast expansion brewery helps solidify the city’s reputation. But there’s no need to wait until Deschutes opens its doors to enjoy the hop-bounty of the area. The new Blue Ridge Beerway connects five independent breweries operating in and around Star City.Sunken City Brewing CompanyNamed after the city that sits 300 feet below the surface of Smith Mountain Lake, Sunken City is a small, 25-barrel brewpub with a killer taproom and beer garden near the shore of the lake. Order the Dam Lager, a malt-driven amber lager. sunkencitybeer.com**Burn CaloriesPaddle a piece of Smith Mountain Lake’s 500 miles of shoreline. Bridgewater Marina has paddle boards ($60 a day; bwmarina.com).Chaos Mountain Brewing CompanyA rotating list of food trucks, live music and the occasional cornhole tournament makes Chaos Mountain a lively pit stop. You’re ordering the Squatch Ale, a malty Scotch ale with plenty of caramel goodness. chaosmountainbrewing.comSoaring Ridge Craft BrewersDowntown Roanoke’s first craft brewery has become a community center thanks to regular yoga classes, game nights and family fun days (with bounce houses and climbing walls!). Order the Virginia Creeper Pale Ale for the perfect balance of malty sweetness and hop bitterness. soaringridge.com Big Lick Brewing CompanyYou can walk from Soaring Ridge to Big Lick, a nano-brewery that manages to put out an impressively diverse lineup, many of which are named after local personalities. Try the Jack Taylor’s House Party, an amber ale named after a morning talk radio show host. biglickbrewingco.com**Burn CaloriesExplore Park, on the edge of downtown, offers 1,100-acres and 14 miles of mountain biking and trail running (explorepark.org). Or head to Mill Mountain for a mix of greenways and purpose-built singletrack overlooking downtown (playroanoke.com).Flying Mouse BreweryHead out of town and into the mountains for the Flying Mouse, a brewery that’s within walking distance of the Appalachian Trail and directly on the TransAmerica 76 Bicycle Route. With the tagline “Life’s an adventure, drink accordingly,” I think you should order a flight and see which of the four flagship beers you like best. flyingmousebrewery.com**Burn CaloriesHead straight for the A.T.’s McAfee Knob, and the best Instagram post of your week is nearby.Brewly Noted Beer TrailTennessee + Virginia, 48 miles While Tennessee was a bit slow to the craft beer game, the state has been catching up at breakneck speeds, particularly in East Tennessee, where the Tri-Cities of Johnson City, Kingsport and Bristol have become a beer hub. The Brewly Noted Beer Trail links several craft breweries together while passing some of East Tennessee’s most underrated hiking and mountain biking.Johnson City Brewing CompanyStart in the very hip downtown of Johnson City. With a little luck, you’ll have the chance to try JCBC’s Community Brew, which uses hops gathered from customers. johnsoncitybrewing.comYee-Haw Brewing CompanyHit Yee-Haw, in the renovated Tweetsie Train Depot, for an Eighty Shilling Scottish Ale, which is all malty goodness in a sessionable 5% ABV. yeehawbrewing.com**Burn CaloriesHead south of town and climb a three-mile loop on Buffalo Mountain, which includes the White Rock Trail, where mountaintop cliff outcroppings provide big views to the east.Sleepy Owl BreweryCruise through downtown Kingsport for a stop at Sleepy Owl, which got its start through a successful Kickstarter campaign. You’ll find a bunch of different IPAs on tap, but go with the slightly sweet Honey Ale if it’s available. sleepyowlbrewery.com**Burn CaloriesExplore an eight-mile loop in Warriors’ Path State Park, where singletrack cruises along the shores of Fort Patrick Henry Lake. Watch for the rocky downhill on Boneyard.Bristol, Tennessee/ VirginiaYou’re gonna stroll into Virginia on this two-stop walking tour of small town beer. Grab a Mex-I-Can Backfire, an easy drinking Mexican-style lager, at Studio Brew. And buy your designated driver one of Studio’s homemade Big E’Z’ Root Beers (studiobrew.beer). Wander over to the one-year-old Bristol Brewing, in the historic bus station, and order the Red Neck Amber. Because it’s called “Red Neck Amber.”LoCo Ale TrailVirginia—30 miles (by bike)Loudoun County is best known as Virginia’s wine country, but the area now has 17 breweries churning out beer in the midst of rolling farms. While it might be tempting (and a bit dangerous) to hit all 17 breweries in a single trip, we recommend you focus your efforts by grabbing a bike and knocking out a handful of breweries along the Washington and Old Dominion Trail, which runs from D.C. to Purcellville. A 30-mile one-way ride on the trail will run you by half a dozen breweries. Here are the highlights.Beltway Brewing CompanyBeltway was built to be a contract brewery, producing beers for breweries all over the region. Their small taproom is a showcase for the beers brewed on the premises, so you never know what you’ll get, but the diversity is usually impressive. beltwaybrewco.com Old Ox BreweryLocated at mile 25 on the W&OD, Old Ox is a cyclist’s retreat known for impromptu cornhole tournaments. Order the Black Ox, a rye porter that balances the roast character of the porter with the spice of the rye-heavy malt bill. oldoxbrewery.com Leesburg, VirginiaYou can knock out two breweries within a couple of blocks of each other at the halfway point. Crooked Run is a low-key nano-brewery with five rotating taps. Look for their Jake o’ Lantern, a spiced butternut squash ale, in the fall (crookedrunbrewing.com). Stroll over to Loudon Brewing Company for a pint of their flagship Loud and Brewing, which is all about the Cascade and Chinook hops (loudonbrewing.com), on their shady deck.Belly Love BrewingOn Purcellville’s Main Street, and near the end of the W&OD, Belly Love has a fairly swanky taproom with solid pub fare. Order the Narcissist, a malt-forward but still crisp lager (bellylovebrewing.com). Bonus: If you still have legs, you can tack on two more breweries in Purcellville—Corcoran Brewing and Adroit Theory.last_img read more

Joint Task Force-Bravo Supports Belize in Drug Eradication

first_imgBy Dialogo May 07, 2013 In addition to the interdiction successes, the combined efforts of the Belizean government and JTF-B operators identified at least six more target locations for future prosecution by the supported agencies. “Engaging in the drug interdiction mission and working with international agencies is a unique and rewarding experience,” Carroll said. “Being able to fly operations with such an effective end result is why we became pilots. Thanks to this operation, we stopped the transit of $12.5 million worth of marijuana from the Caribbean and Central America into the United States.” JTF-B provided aviation support, on-call casualty evacuation and the Jacob’s ladder familiarization support to 55 Belize Defense Force personnel. Joint Task Force-Bravo (JTF-B), together with the U.S. Drug Enforcement Administration (DEA), assisted Belize authorities in a successful marijuana eradication operation from April 8-11 throughout the northern coast of Belize. The resources and expertise used to work jointly with the Belizean government allowed unprecedented levels of interdiction. center_img “Working with our partners in Belize, we were able to provide support consisting of a U.S. Army CH-47 Chinook and UH-60 Blackhawk with 10 crew members from 1st Battalion, 228th Aviation Regiment,” said U.S. Army Capt. Beau Carroll, CH-47 Company commander and Air Mission commander of the Belize counter drug mission. “By integrating air operations, the Belizean government eradicated more illicit crops in 48 hours than in the previous two years combined when interdiction efforts consisted strictly of ground assets.” The operations resulted in 16 fields; 61,000 illicit plants; 330 pounds of compressed marijuana and 22 pounds of marijuana seeds destroyed by the Belizean government, for an initial estimate of $12.5 million. “Jacob’s ladder, or caving ladder operations were used in areas where the landing zone could potentially harm the aircraft,” said Army Staff Sgt. Glen Haynie, Bravo Company Standardization instructor. “It allowed us to get troops up and down without landing and still accomplish the mission.” The successful operation highlighted the ability of JTF-B to conduct and support regional combined and interagency operations while building capacity of regional partner nations to combat drug trafficking in Central America.last_img read more

A credit union interview with Sprout Social

first_img 21SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr What tools do credit unions use to manage social media? It is important that any tool you choose enables you to find and engage with the customers and conversations that matter most to your business. Obviously, I think Sprout Social is a great choice. But as you evaluate tools, you’ll want to look for the core features your team needs. These can include publishing, engagement and analytics, and a user-friendly platform that allows your team to quickly get up to speed. A tool with fantastic mobile apps is also imperative as so much of social management happens on the go.How can credit unions keep up with mentions or member complaints? Delivering the best possible member service should be a priority for credit unions. To extend that experience from in-person to online, it is best to start with powerful and effective social listening. Social listening includes tracking brand mentions across social platforms (for example, keywords, branded hashtags, and mentions of your CU’s name that don’t include your handle). It also enables your team to engage with customers, respond to complaints, and address both positive and negative messages.How do credit unions measure success?Like any business, each credit union should have its own strategic goals and key performance indicators on social media. For teams that primarily use social media to provide customer support, these KPIs might include their response rate and speed of issue resolution. Another common objective is raising brand awareness, in which case the metrics that matter might include impressions, follower growth, website referrals and brand mentions. continue reading »last_img read more

A package of tourism laws was on the agenda of today’s session of the Parliament

first_imgA package of tourist laws was also on the agenda of today’s session of the Parliament.The most important among them is certainly the proposal Of the Law on Tourist Boards and the Promotion of Croatian Tourism, which needs to be revised not only to implement the measures set out in the Tourism Development Strategy for the period until 2020, but also to increase its overall efficiency, especially at regional and local level, all to ensure preconditions for systematic implementation of destination management.The most important changes in the proposal of the mentioned law concern the establishment of the system of tourist boards according to the model of destination management organizations, in the sense that the tourist system is reorganized through merging and rationalization within the system with the application of the principle of financial self-sufficiency. For several units of local or regional self-government through the allocation of financial resources. Also, the tasks of tourist boards are redefined while respecting the principle of self-sufficiency, in such a way that the tasks of the local tourist board are defined exclusively as operational. , while the tasks of the regional tourist community are focused on operational activities, but with certain strategic elements through four basic groups of tasks: strategic planning and development, tourism system management, information and research, and marketing. The tasks of the CNTB, as a national tourism organization, are primarily focused on marketing and promoting tourism at the national level. Among the important changes contained in the draft law is the amendment limiting the share of members in the assembly to local tourist boards to 30% (instead of 40% so far), all in order to prevent individual entities from having the upper hand in decision-making.Proposal Law on membership fees in tourist boards contains novelties that will simplify the membership fee calculation process, and due to administrative relief and reduction of business costs create a better business environment. In particular, tourist classes are abolished, and consequently membership fee rates will not be determined depending on the tourist class. for the calculation of the membership fee from the current 28 to 5, the obligation to pay the membership fee is deleted for a part of the taxpayer, while the scope of payment of the same is reduced for a part of the taxpayer. Banks are also obliged to pay membership fees. Legal and natural persons operating in assisted areas (groups I-IV) will pay a membership fee reduced by 20%. It is also proposed a different distribution of tourist membership fees in such a way that regional tourist boards instead of the current 10% of the mentioned source of income will receive 15%, while the CNTB will receive 25% instead of the previous 20%. It is anticipated that these measures will relieve the economy of around HRK 11 million annually.Basic changes in the proposal Of the Tourist Tax Act relate to the decentralization of decision-making on the amount of tourist tax. Specifically, the amount of the tourist tax would no longer be determined by the Government of the Republic of Croatia, but by the county assemblies, ie the City Assembly of the City of Zagreb, while the Minister of Tourism would regulate only the minimum and maximum amount of the tourist tax. Among the most important innovations are those concerning the different distribution of tourist tax funds, so that regional tourist boards would receive 10% instead of the current 15%, while the CNTB would receive 25% of the total amount of the tax instead of the current 20%.You can see the whole presentation and discussion below in the attachment.In the meantime, there is no need to worry about it. ”last_img read more

European Commission to push ahead with revised IORP Directive

first_imgIn the draft work programme’s preamble, the Commission noted that the European Fund for Strategic Investments would only form part of the €300bn investment programme, with the use of “innovative” financial instruments key.It also identified the completion of the “significant overhaul” of financial regulation in the wake of the 2008 financial crisis as a major area of its work.“The financial regulatory framework,” it added, “will be further strengthened by a proposal dealing with crisis management and resolution of non-bank systemic entities.”Jonathan Hill, commissioner for financial services, previously told a parliamentary hearing he would like to publish a proposal tackling the risk of clearing house bankruptcy early next year.The draft further identified 80 proposals that would either be withdrawn or modified, many of which are directives and regulation that have stalled due to lack of support from member states.Despite being listed as “under review” in a November letter from Juncker and Commission vice-president Frans Timmermans, the IORP Directive was not among the 80 proposals to be abandoned or substantially modified.Hill told journalists in Brussels earlier this week it would be “odd” to withdraw the revised IORP Directive now, when the Council of the EU had, under the Italian presidency, agreed a number of changes over the course of four compromise drafts.The Council most recently finalised its negotiating mandate with the European Parliament, although no MEP has been appointed as rapporteur to oversee its passage through the chamber. Dave Roberts, senior consultant at Towers Watson in the UK, noted that the withdrawal of the revised IORP Directive so soon after Michel Barnier published it risked being perceived as “openly critical” of the former commissioner’s work.Roberts also noted the problems that could have arisen due to the commissioners currently involved.“Given that Mr Timmermans is Dutch and that the Commissioner now in charge of IORP II, Jonathan Hill, is from the UK, withdrawing the Directive could lead to accusations of national bias – with the Netherlands and UK leading antagonists of IORP II,” he said. The European Commission is set to push ahead with the revised IORP Directive, with the legislation not among the dozens of proposals earmarked for withdrawal in a draft of the executive’s work programme.The 2015 Work Programme, set to be published on 16 December, outlines president Jean-Claude Juncker’s priorities for the coming year and highlights the launch of the Commission’s €300bn investment plan, among other measures to stimulate growth.The undated draft of the work programme seen by IPE is likely to have been circulated at a meeting of Commission vice-presidents earlier this week.It listed the action plan on the Capital Markets Union and a framework to wind up systemically important financial institutions, such as clearing houses, as two of the new measures the Commission would prioritise in 2015.last_img read more

Asset management costs ‘to drop by 10%’: survey

first_imgGwynne pointed out that the pressure on fees was in part due to clients and supervisors becoming increasingly cost-aware, “as costs have become an important selection criterion”.In his opinion, another explanation for declining costs was that many clients had opted for low-cost alternatives, such as ETFs and factor investment. He estimated that 40% of the reduction could be explained by this phenomenon.The survey suggested that asset managers dealt with the development by accepting a drop in their profits margin, but also cut costs through their back office. This meant that cost-saving came at the expense of investment in IT systems, which the survey said were necessary to remain competitive. In addition, declining income could lead to mergers and takeovers, the two companies said.The researchers said they expected clients would increasingly opt for extremely low-cost investments in combination with higher-cost active investments.“Through investing a large proportion of assets in ETFs with near-zero costs, they could free up assets for active funds which considerably deviate from the benchmark, or funds that invest in illiquid markets,” the report said.Recently, Saker Nusseibeh, chief executive of Hermes Investment Management, also predicted declining margins at asset managers.During a Morningstar conference, he said that asset managers’ margins of between 35% and 45% were “untenably high”. Asset management costs are to drop by approximately 10% in the next three years, a survey by management consultancy Oliver Wyman and asset manager Morgan Stanley has suggested.In their report, The World Upside Down, the two firms attributed the decline to reduced fees as well as a shift towards exchange-traded funds (ETFs) and factor investment.“The decrease of fees is a trend – last year they dropped 6%,” said Serge Gwynne, partner at Oliver Wyman’s corporate and institutional banking practice.He added that the fall was insufficiently compensated by a rise in assets under management, which had lead to an income drop of roughly 5% at asset managers.last_img read more

Defense Asking For Lighter Sentence In Boguslawski Case

first_imgAndrew Boguslawski, admitted to explosive charges in Ohio.An attorney for a Moores Hill man who pleaded guilty to having explosive devices in his car in Ohio is asking for a lighter sentence.Andrew Boguslawski was arrested after he was stopped for speeding by an Ohio state trooper on I-70 on New Year’s Day.Prosecutors said he had nine unregistered bombs in his car and four devices that be converted into explosives.He admitted to the charges earlier this year and now his lawyer is seeking a reduced sentence.Defense attorney Steve Nolder is asking for credit for time served in the county jail followed by 18 months of house arrest. Nolder said his defendant is not a future threat to society and the sentence would ensure he is rehabilitated.Boguslawski could be sentenced up to 10 years in prison and receive a $250,000 fine. The hearing is scheduled for Aug. 8 in federal court in Columbus.last_img read more

M/gladbach fans to be ‘absent and present’ against Leverkusen

first_img Loading… Promoted Content6 Extreme Facts About HurricanesWho Is The Most Powerful Woman On Earth?The Top 9 Oddest Underwater Discoveries No One Can Explain7 Universities In The World With The Highest Market Value8 Things That Will Happen If An Asteroid Hits EarthA Hurricane Can Be As Powerful As 10 Atomic BombsThe Funniest Prankster Grandma And Her Grandson9 Great Actors Who Will Always Be Defined By One RoleWhich Country Is The Most Romantic In The World?5 Of The World’s Most Unique Theme Parks6 Incredibly Strange Facts About Hurricanes2020 Tattoo Trends: Here’s What You’ll See This Year “We’re arranging close to 13,000 cut-outs, but almost 20,000 have been ordered already,” Thomas Ludwig, head of the supporters’ group, told AFP subsidiary SID. “It’s a nice operation, which creates an atmosphere in the stadium,” said Gladbach sporting director Max Eberl. “Even if at the same time it’s a reminder that football without supporters is not the same.” “It’s fantastic. We really have the impression that we’re not alone when we’re training in the stadium,” added Gladbach coach Marco Rose. Bayern Munich beat Anthony Ujah;s Union Berlin 2-0 last Sunday Gladbach are third in the table and six points behind leaders Bayern Munich. They won 3-1 at Eintracht Frankfurt last weekend as the Bundesliga returned following a two-month interruption. Read AlsoBundesliga Players To Wear Black Armbands For Covid-19 Victims prior to Saturday’s march Nigeria international Anthony Ujah and his Union Berlin teammates will be hoping to earn their first re-start victory as they file out against Hertha BSC away on Friday. Ujah was in action for 71 minutes as they lost 2-0 to table toppers Bayern Munich last Sunday. FacebookTwitterWhatsAppEmail分享 center_img The saying that necessity is the mother of invention will come to to fore on Saturday Borussia Moenchengladbach host Bayer leverkusen in the up and running German Bundesliga. With matches slated to be placed behind closed doors the club fans will be absent and present in a special way. Nearly 13,000 cardboard cut-outs of Borussia Moenchengladbach supporters are set to welcome the team. Gladbach hosted the first Bundesliga game ever played without fans on March 11, shortly before the German season was put on hold because of the coronavirus outbreak. One of the club’s supporters’ groups, “Fanprojekt Moenchengladbach”, subsequently came up with the idea of allowing fans to print life-sized images of themselves to be placed inside the ground. The cut-outs line the stadium’s otherwise empty stands, with season ticket holders able to have their cardboard lookalike allocated to their regular spot.last_img read more