Though the Dave Matthews Band is on a hiatus, their two leading men Dave Matthews and Tim Reynolds are anything but. The two have made regular appearances at benefit performances in the latter half of 2016, and will continue that trend this Sunday, November 27th with a Stand With Standing Rock benefit concert that will feature Neko Case, Graham Nash, Ledisi, and Lakota Thunder, as well as Dave Matthews & Tim Reynolds.Set to take place in Washington D.C. at the DAR Constitution Hall, organizers have teamed with Ben & Jerry’s to provide a full length live stream of the event. Though the stream is free, fans are encouraged to donate to the Stand With Standing Rock cause. You can find more information about this event here, and tune in via the YouTube player embedded below.We’ll be sure to share this again on Sunday, so you don’t forget!
On the Blogs: The Economy of the ‘Lucky Country’ Is at Risk From Its Lack of Diversification FacebookTwitterLinkedInEmailPrint分享Satyajit Das for Bloomberg View:If Australia is an economic miracle—the so-called Lucky Country, beneficiary of more than a quarter century of uninterrupted growth—then its banks are its most visible sign of strength. In fact, though, this ruddy good health masks some deeply worrying trends. The balance sheets of Australia’s biggest banks are far more vulnerable than they may seem on the surface—and that means Australia is, too.Australian financial institutions have made the same fundamental mistake the rest of the country has, assuming that growth based on “houses and holes”—rising property prices and resources buried underground—can continue indefinitely. In fact, despite a recent rebound in Chinese demand, commodities prices look set to remain weak for the foreseeable future. Banks’ exposure to the slowing natural resources sector has reached nearly $50 billion in loans outstanding—worryingly large relative to their capital resources.Pundits have been saying for years that Australia needs to diversify its economy, boosting services exports—primarily tourism, education and health—rather than continuing to depend on resources and debt-fueled property growth. Banks need to do the same, reducing their exposure to the housing market and the mining industry. At the same time, they should move swiftly to shore up their balance sheets, aggressively increasing bad-debt reserves, raising capital and gradually trimming dividends. Even their otherwise enviable luck can’t last forever.In Australia, All That Glitters Isn’t Gold
E.On does not have a Pensionsfonds, which is a vehicle allowing sponsor companies to move pension liabilities off the balance sheet, for one or more payments. There are both company-specific and multi-employer Pensionsfonds, like Willis Towers Watson’s.The vehicle is particularly attractive for companies involved in mergers or spin-offs.In a statement Willis Towers Watson said it was absolutely necessary for Innogy to switch from a company-specific solution to a third party provider solution in the context of the acquisition by E.On.“In doing so, Innogy wanted to intervene as little as possible in the existing, proven workplace pension structures and to allow operating processes to continue largely unchanged,” it said. “The company also attaches great importance to the short-term and long-term cost-effectiveness and flexibility of the solution, which offers scope for joint solutions in the future.”Heinke Conrads, head of retirement for Germany and Austria at Willis Towers Watson, said the deal with Innogy involved a complex M&A situation and that the consultancy was pleased to have been able to support the companies involved in dealing with the sensitive matter of occupational pensions.Innogy finances pensions for around 10,000 pensioners via the Willis Towers Watson Pensionsfonds. Germany’s Willis Towers Watson’s Pensionsfonds has gained €2.6bn in assets as a result of energy provider Innogy switching to the pension financing vehicle following the company’s takeover by E.On from RWE.The European Commission gave the green light for the acquisition in September. The Willis Towers Watson Pensionsfonds now counts as one of the largest multi-employer Pensionsfonds in Germany, with €3.8bn in assets under management.According to Willis Towers Watson, multiple steps were achieved in a tight timeframe in time for the closing of the RWE/E.On transaction: preparing contractual documentation, obtaining authorisation from all the subsidiaries involved and getting the approval of BaFin, the regulator.The transaction involved the transfer of all Innogy pension assets from RWE Pensionsfonds and a corresponding change in the trust structure.
Promoted ContentFantastic-Looking (and Probably Delicious) Bread Art7 Black Hole Facts That Will Change Your View Of The UniverseWhat Happens To Your Brain When You Play Too Much Video Games?9 Facts You Should Know Before Getting A Tattoo6 Extreme Facts About HurricanesWhy Go Veg? 7 Reasons To Do ThisCan Playing Too Many Video Games Hurt Your Body?The Highest Paid Football Players In The WorldWhich Country Is The Most Romantic In The World?6 Incredibly Strange Facts About HurricanesTop 10 Female Disney Villains You’ll Definitely Fall In Love With7 Ways To Understand Your Girlfriend Better In a decade dominated by Lionel Messi and Cristiano Ronaldo, the underrated Italian is near assured of winning the European Golden Shoe for the continent’s top scorer. Lazio’s Ciro Immobile is set to join an exclusive club as the highest-scoring player in Europe this campaign.Advertisement Loading… From Messi, to Ronaldo, Mohamed Salah, Robert Lewandowski and Erling Braut Haaland, nobody in Europe has managed to keep pace with the Naples-born player.Immobile overtook Bayern Munich striker Lewandowski with his 35th goal against Brescia midweek, and will close his campaign against Napoli on Saturday.Lazio’s Italian forward Ciro Immobile scored his 35th goal this season against Brescia.Read Also: Ronaldo waves goodbye to European Golden BootJuventus star Ronaldo, on 31 goals, is four behind before the Serie A champions’ final game against Roma in Turin, in which he may not even play with the Champions League looming.It would not be the first time that 30-year-old Immobile has topped the Serie A goal-scoring charts, having won the ‘Capocannoniere’ twice before in 2014 and 2018.FacebookTwitterWhatsAppEmail分享