Irish pension reform hinges on ‘favourable economic environment’

first_imgThe minister, leader of the Labour Party, did not provide any date for reform implementation, saying it would depend on a number of factors, including the “presence of a favourable economic environment”.But she insisted the case for reform was solid.Burton has previously said the launch of the new supplementary system would depend on a number of economic indicators, likely to include unemployment falling to a level deemed acceptable in a country that only recently saw the near-collapse and bailout of its baking system.Nor did the speech shed any light on when the URSG would reveal its findings, despite the Department of Social Protection’s previously saying the proposal would be published by the end of 2015.Burton has previously told the Irish Parliament the group has so far convened five times, inviting around 35 stakeholder groups to offer feedback on its proposals.She also said the group had spoken to experts from Australia, New Zealand and the UK – all countries that have introduced either mandatory or soft-mandatory pension systems. Publishing the proposal by the end of the year would allow its being debated prior to the next general election, taking place no later than April 2016, at a time when Burton cannot guarantee her party’s return to power.The URSG has so far conducted informal consultations with stakeholder groups, being advised by the Irish Association of Pension Funds that, due to the “political reality”, an auto-enrolment system might be easier to deliver than one mandating pension saving.The system has previously been referred to by a number of names by the minister – including Shamrock Saver, Celtic Saver and MySaver – but more recently it was christened the Universal Retirement Savings Scheme by the URSG. The reform of Ireland’s second-pillar pension system will not happen without a favourable economic environment, according to the country’s deputy prime minister.Joan Burton said there was broad agreement that the current level of “substandard” pension provision needed to be addressed but accepted that the reform’s authors should also be aware of its impact on labour costs.Speaking at an event hosted by IBEC, Ireland’s employer association, the minister for social protection said she accepted the need for “clear communication” of any path towards reform and the launch of a universal pension system.She noted the Universal Retirement Savings Group (URSG), convened by government earlier this year to draw up a reform proposal, was now considering the new system’s design and timeframe for introduction.last_img read more

Southeast suburb set to swell

first_img RELATED: An aerial showing the new residential areas with some of the new regional park facilities in the foreground at Peet Limited’s Flagstone development.“I expect this growth trend to continue on to 2019.“Most purchasers come from Brisbane’s south side, however we have also welcomed some interstate buyers looking for affordable acreage.“The real drawcard for Jimboomba is that it appeals to everyone from those looking for traditional family home sites through to 20 acre lots, all within an hour of the Brisbane CBD.” That’s according to @Realty agent Bill Williams, who said the increase would be largely driven by land availability and affordability compared to other areas in southeast Queensland. “The median house price is currently about $518,700 and we have seen growth in values of around 14.2 per cent over the past few years,” Mr Williams said. Developer Peet Limited managing director and CEO Brendan Gore said the monster playground was a gift to the community.More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours ago“We are extremely excited and proud of what this facility provides for our community,” Mr Gore said.“The opportunity to unveil this new stage and bring some adventure to the school holidays is our gift to the many parents and grandparents who are looking for free activities to entertain the children this summer.“Greater Flagstone is one of the biggest new residential areas in Australia with more than 20 families moving in to Peet’s Flagstone City every month. “We are building a city for the future and we want it to be an exciting place for the many families who live here and a key destination to encourage visitors to the region.” The new adventure playground at Flagstone, Jimboomba.“Located halfway between Brisbane and the Gold Coast, Flagstone is one of the biggest new residential communities in southeast Queensland,” Mr Gore said.“Over the next 30 years, the $6.7 billion development will grow into a satellite city with 12,000 homes and a CBD featuring shops, offices with plans for a future hospital, tertiary campus and train station set in 330ha of green space.“More than 6000 people have already discovered life in Flagstone, which is a thriving neighbourhood with schools, shops and community facilities.”According to CoreLogic, the bargain property of the year was at the start, when a 1 975-built three-bedroom home on 1042sq m sold for $295,000 on January 12.The top sale was a 24.73ha amalgamation of six titles, at 107-117 East St, Jimboomba, which sold for $2.8 million on July 3.The East St properties sold to developer QM Properties Pty Ltd. MORE: According to CoreLogic Market Trends data to September, 150 homes were sold in Jimboomba in the year at a median sales price of $530,000, which was 8.2 per cent up on the previous year and 23.3 per cent more than five year prior.The median days on market was 63 days, and people tend to hold on to their home for an average of 11.8 years.The median rent was $420. Home with side hustle of llamas, pizza yurtcenter_img Kids are already playing at the newly opened playground.One of the biggest playgrounds to be built in southeast Queensland was opened in the suburb just in time for the school holidays on December 15. A streetscape of Peet Limited’s Flagstone display village.Families are moving to Jimboomba in droves, with the population to increase to more than 80,000 people within 20 years. Own your own motocross track Brisbane skyhome fetches millions >>FOLLOW EMILY BLACK ON FACEBOOK<< Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:50Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:50 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenDifferences between building in new or established estates01:50last_img read more

Earl Thomas drills receiver in Ravens’ first padded practice

first_img“Got my attention a little bit and then I went, ‘Oh, it’s Earl,’” Harbaugh said, via the team’s webiste. “‘OK. Good job Earl. Nice play.’”Thomas, 30, inked a massive four-year contract worth $55 million with Baltimore in March after spending the previous nine seasons in Seattle. The six-time Pro Bowl and three-time All-Pro selection has the 10th most interceptions (28) of any active player in the NFL and ranks 23rd in the league in total combined tackles (684). Earl Thomas is already turning heads in Baltimore.The veteran safety brought the intensity Saturday at M&T Bank Stadium as the Ravens practiced in full pads for the first time during training camp and destroyed rookie free-agent wide receiver Sean Modster with a halting hit. Robert Griffin III injury update: Ravens quarterback fractures thumb, expects to be fine by start of season Leonard Fournette says last season ‘humbled’ Jaguars A.J. Green injury update: Bengals wide receiver out 6-8 weeks with torn ankle ligaments Related News Take a look:EARL 😤@Earl_Thomas— Baltimore Ravens (@Ravens) July 28, 2019Thomas’ tackle even got coach John Harbaugh’s attention — for a brief moment.last_img read more

Kobe’s relentless spirit inspired NBA fans, players

first_imgWashington, United States | AFP | Kobe Bryant used a ferocious competitiveness and uncanny shooting touch to become an NBA icon, leaving behind a legacy that has influenced the newest generation of league talent and fans worldwide.From his 81-point game, the second-best scoring performance in NBA history, to five NBA titles in 20 years of dazzling performances with the Los Angeles Lakers, Bryant delivered a relentless attitude that attracted a global following before his death Sunday at age 41 in a helicopter crash.Bryant joined giant center Shaquille O’Neal to spark the Lakers to NBA titles in 2000, 2001 and 2002, becoming at the age of 23 the youngest player to capture three titles.A bitter feud with Bryant saw “Shaq” depart, with Bryant portrayed as never having had childish ways while O’Neal never outgrew them.That left Bryant without the inside force needed to capture the crown until Spain’s Pau Gasol arrived, and the Lakers won titles in 2009 and 2010 with Bryant in command and later patching things up with O’Neal.Bryant sparked the US Olympic team to gold medals at the 2008 Beijing and 2012 London Olympics and became a global celebrity as much for his personality as his playmaking.Bryant’s fierceness was legendary and led him to nickname himself the “Black Mamba” for his ability to strike quickly with deadly scoring accuracy.There were spectacular nights, but nothing topped his 81-point effort against the Toronto Raptors on January 22, 2006, a mark surpassed only by Wilt Chamberlain’s 100-point game in 1962.Bryant scored 65 points in a 2007 win over Portland, then followed with 50 points against Minnesota, 60 at Memphis and 50 more against New Orleans — the third-longest run of 50-point games in NBA history behind two from Chamberlain.Some say Bryant saved the best for last, scoring a league season-high of 60 points against Utah in his final NBA game in 2016, becoming the oldest player in league history to crack that milestone at age 37.“I love everything about this game,” Bryant famously said. “For me, it’s not a part of life, it is life, and it’s a part of me.”In all, Bryant finished with 33,643 points, 7,047 rebounds and 6,306 assists over 1,346 career NBA games. He was an 18-time NBA All-Star, the 2008 NBA Most Valuable Player, the NBA Finals 2009 and 2010 NBA MVP and matched a record as a four-time NBA All-Star Game MVP.– Kobe faced controversy – But it wasn’t a smooth path to stardom. In addition to nagging injuries that slowed his later seasons, Bryant faced a major rape controversy that delivered a body blow to his endorsements image.Bryant, a father of four who married wife Vanessa in 2001, faced his darkest hour in 2003 when he was arrested in Colorado over a sexual assault allegation filed by a 19-year-old employee of a hotel where Bryant was staying ahead of knee surgery.Bryant was accused of rape. He admitted to adultery but said he did not commit rape. In 2004, the case was dropped after the accuser refused to testify in a trial, and Bryant issued an apology saying he could understand how she might feel there was not consent.A separate civil suit was settled under terms kept private.In 2011, Bryant made an apology for using a gay slur to describe a referee and paid a $100,000 fine imposed by the NBA.Knee and ankle injuries mounted as years began to take a toll on Bryant. He missed most of the 2013-14 season with a left knee injury and much of his penultimate campaign with a torn right rotator cuff, then announced his retirement by saying, “My body knows it’s time to say goodbye.”After retiring, Bryant became a children’s book writer and wrote the movie “Dear Basketball” — last year’s Academy Award winner for Best Animated Short Film.– Basketball ‘is life’ –Kobe Bean Bryant, the son of former NBA player Joe “Jellybean” Bryant, was born in Philadelphia in 1978 while his father played for the NBA’s 76ers, the child named for the Japanese beef seen on a menu and his father’s nickname.The elder Bryant played from 1984 to 1991 in Italy, giving young Kobe a global worldview as he grew up dreaming of following his dad into the NBA.“When I was growing up in Italy, it opened up a whole new world to me and I thought anything was possible,” Kobe told AFP in 2009.Bryant became one of the first NBA players to seek out a growing fan base in China, blogging for Chinese internet giant SINA in 2009.“As a kid growing up, I never in my wildest dreams thought I would have this big fan base halfway around the world in Beijing and Shanghai,” Bryant told AFP.Share on: WhatsApplast_img read more