IASB to consider further IAS 19 revisions to account for hybrid schemes

first_imgThe International Accounting Standards Board (IASB) is to review the IAS 19 employee benefits to consider the “infinite variations” provided by defined benefit (DB) and defined contribution (DC) hybrid schemes.The organisation will also re-visit issues that have arisen in the determination of a high-quality corporate bond yield used in pension fund discount rates.In a provocative speech at the National Association of Pension Funds (NAPF) Investment Conference in Edinburgh, chairman of the IASB Hans Hoogervorst said that, while he could understand pension funds’ view that accounting standards relied too much on fair value and failed to account for long-term perspectives, he nevertheless disagreed.He said pension funds were best served by accounting policies that reflected the economic reality as accurately as possible. This, he said, should allow funds to resolve funding issues, rather than allow problems to fester.Hoogervorst said the revisions to the IAS 19 standard brought in 2013 needed to bed in, but he added that hybrid systems being used by companies did not neatly fit in either the DB or DC sections of the regulations.“Pension schemes are being transformed in a very rapid fashion,” he said.“Hybrid schemes may be more affordable to companies, [but they] can have infinite variations, from the extremes of DB and DC, with differing degrees and forms of risk-sharing.“The somewhat binary approach of IAS 19 struggles to deal with this new, infinitely variable pension landscape.”Hoogervorst said the organisation was to begin a research project to develop accounting standards for all scheme types, using input from its insurance accounting standards.“It also makes sense to consider other issues that have arisen in practice, such as the problems of determining the high-quality bond yield,” he said.The research project, for which the IASB requested input from pension funds, could take several years, he said, as the organisation monitors the impact of its 2013 revisions.Hoogervorst said the current IAS 19 standard now reflected the funding position in company pension schemes more accurately.But he conceded that removing the criteria where actuarial fluctuations affected the profit and loss of a company meant some firms would now leave deficits to fester.“Should companies really be paying dividends when big pension deficits continue to eat away at their balance sheets?” he asked.“Arguably, the discipline of profit or loss would lead to more timely action.”In January, the IASB approved two revisions to the IAS 19 standard to account for surpluses on sponsor balance sheets and current service costs.Read Stephen Bouvier’s briefing on the amendments made to pension fund accounting standards during 2014last_img read more

Alimodian ECQ extended

first_img* 25-year-old male (Patient No. 660) Alimodian recorded 10 more cases of coronavirus disease 2019 (COVID-19) on July 15, supposedly the last day of its ECQ which started on June 30. * 80-year-old female (Patient No. 653) * 45-year-old female (Patient No. 285) The remaining six still being quarantined are the following: To those going out of their houses, quarantine passes are required. * 51-year-old male (Patient No. 654) * 28-year-old female (Patient No. 281) * 46-year-old female (Patient No. 283) * 13-year-old female (Patient No. 288) ILOILO – The whole province is under a modified general community quarantine (MGCQ, medium risk) except for the town of Alimodian has which extended further its enhanced community quarantine (ECQ). * 35-year-old female (Patient No. 662), health personnel * 58-year-old female (Patient No. 658) * 22-year-old female (Patient No. 657) Mayor Gefree Alonsabe enumerated his town’s new COVID-19 cases – eight of whom were locally stranded individuals (LSIs) – as follows: * 3-year-old male (Patient No. 280) * 23-year-old female (Patient No. 286) Alimodian previously had 14 COVID-19 cases; eight already recovered as of this writing. These were the following: The 10 new cases have very few close contacts, he added, because they were confined at the town’s quarantine facility. * 26-year-old male (Patient No. 659) * 47-year-old female (Patient No. 284) “Tan-awon naton sa masunod nga mga inadlaw ang status,” said Alonsabe. * 22-year-old male (Patient No. 289) * 16-year-old female (Patient No. 278) * 27-year-old female (Patient No. 279) * 25-year-old female (Patient No. 656) Limiting the movement of people is part of the ECQ, said Alonsabe, to reduce the risk of COVID-19 transmission./PN * 20-year-old female (Patient No. 287) * 22-year-old female (Patient No. 175) * 32-year-old female (Patient No. 661), health personnel Alonsabe did not set the date when the ECQ would end. He said this would depend on the results of the repeat tests of the 10 cases. * 55-year-old female (Patient No. 282) * 50-year-old female (Patient No. 587) * 22-year-old female (Patient No. 655) Alonsabe appealed for his people’s cooperation – stay home, wear facemask, observe physical distancing, and wash hands.last_img read more

Lt. Governor Crouch visits nation’s capital, discusses rural broadband growth

first_imgWashington D.C. —Indiana Lt. Governor Suzanne Crouch recently visited Washington, D.C., to meet with several federal legislators and speak at the National Lieutenant Governors Association roundtable.“Sharing our progress regarding rural broadband with fellow state leaders was an important step in continuing the conversation on how we can bring internet access to rural areas across the nation,” Crouch said. “Indiana has been moving the needle on broadband for years, and we are starting to see some progress being made in the state, and I hope other states take note and work collaboratively to close the digital divide.”Crouch visited the U.S. Department of Housing and Urban Development to discuss the Section 108 Loan Guarantee Program and rural broadband. The Indiana Office of Community and Rural Affairs utilizes HUD’s Community Development Block Grants, and can transform a small portion of those into physical and economic revitalization projects.The United States Department of Agriculture’s Office of Rural Development also met with Crouch and shared the Rural eConnectivity Pilot Program and its initiatives. This earmarked $550 million for the program, which encourages the building of broadband infrastructure in America.“I have heard from countless Hoosiers during my travels of the state how important high-speed, affordable broadband is to their lives. It is important we share that message with our federal leaders so we can all work together to improve internet access,” Crouch said.last_img read more

Rivers State Clears Amaju Pinnick of Wrong Doings

first_img“The reports claim that money was delivered to Mr Pinnick at his residence in Lagos.“In his reaction, Rivers State Sports Commissioner, Hon. Boma Iyaye described the reports as untrue.“At no time was money from the Rivers State Ministry of Sports paid into the account of Mr Pinnick or delivered to him personally in his residence.“All monies meant for the successful prosecution of the international friendly game between Nigeria and Congo DR were paid directly into the CBN Remita bank account of the NFF and handled by the Rivers State Ministry of Sports,” Honourable Iyaye clarified.Hon. Iyaye further stated that Rivers State decided to support the hosting of the international friendly match in Port Harcourt  because the Super Eagles commenced their quest to qualify for the 2018 FIFA World Cup in the City with a preliminary round game against Swaziland.“It also came against the backdrop of the launching of the partnership between Rivers State and Real Madrid for the establishment of a world-class football academy in Rivers State which was attended by key NFF chieftains who also attended the international friendly game played earlier on the same day in Port Harcourt.Hon Iyaye concluded by advising the media to always cross check their stories to ensure that facts are reported accurately and guarantee that the image of Nigerian football is not damaged through false reports.  Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Following trending insinuations on the social media that the Nigeria Football Federation (NFF) President, Amaju Melvin Pinnick, may have diverted the sponsorship fund that the Rivers State Government paid for the farewell game that the Super Eagles played against Congo last Monday in Port Harcourt, the state has come out with information to the contrary.In a media statement from the office of the Rivers State Commissioner for Sports, Boma Iyaye, the government denied all the insinuations in the trending news.The statement reads: “It has come to the notice of the Rivers State Ministry of Sports, stories circulating in some sections of the media, that the President of the Nigeria Football Federation, NFF, Amaju Melvin Pinnick received funds meant for the federation’s prosecution of the International friendly match between the Super Eagles of Nigeria and Congo DR held in Port Harcourt on Monday, May 28, 2018.last_img read more

Former CEO of MySpace advises aspiring entrepreneurs

first_imgUSC’s Venture Incubation Program teamed up with Startup Equinox to host Pulse, an opportunity to network and learn how to leverage resources to bring budding startups and promising ideas to life in Seeley G. Mudd Hall on Tuesday.The agenda for the night included a discussion with Michael Jones, the former CEO of MySpace, as well as a networking fair featuring a series of USC startups. The discussion was led by Sanket Chauhan, president of Venture Incubation.Jones is an internet entrepreneur who specializes in building software and internet businesses. Prior to his position at MySpace, Jones began angel investing in multiple startups such as Tinder, Wealthfront, Klout and Dollar Shave Club. Currently, he serves as the CEO of Science, an incubator in Los Angeles that turns potential into profit under professional guidance.During the discussion and Q&A, Jones told students about his personal experiences as an entrepreneur. Just like many of the students in attendance, Jones’ passion for bringing new ideas to life began during his college years at the University of Oregon, where he and his friends crafted a niche magazine called Elixir that eventually received national attention. His college experiences, Jones said, shaped not only his early ventures, but also his future career.“Luckily, my university was flexible enough to allow me to build companies and work while I was going to school,” Jones said. “The university, like [USC], was a very big university. It had a lot of variability in what I focused on, and I just started building businesses.”Jones also described the importance of networking in college as a way to create lasting relationships that transcend the work environment.“I teamed up with great people I met at college,” Jones said. “Frankly, a lot of the people I work with today … I actually found in my college setting.”Jones encouraged students to stay patient and open-minded as they discover their convictions and interests. He praised taking risks, and insisted that college is the best time to fail. Above all, he encouraged students to follow their passions.“Great entrepreneurs just find a way to do stuff, and they find ways to rally resources, and cut corners, or whatever they need to do to pursue their vision,” Jones said. “I find the best entrepreneurs are just relentless at going after what they want to do, and they’re typically going after a segment that they’re personally connected to.”The startup fair that followed the discussion included social platforms such as Pack Up + Go, Shelf and Fae App, as well as health and wellness related platforms such as Ignite, O2 Max Fitness, Team Roots and KrafftIT. Fourteen startups were in attendance, according to Milan Goyal, director of operations for Venture Incubation.“It’s an opportunity for [these startups] to showcase what they’re working on,” Goyal said. “If they’re looking for help they’ll find that, [and] other people will network. It’s a way to bring the community together.”Venture Incubation is a student-run organization that originated from the Viterbi Student Institute for Innovation, which was founded by Ashish Soni, a professor in the Viterbi School of Engineering. The goal of the organization is to provide college entrepreneurs with greater access to resources, learning opportunities and professional connections in an area of interest that many consider to be “do-it-yourself.”“The problem with the USC entrepreneurship community is that it’s not consolidated,” Chauhan said. “[This] leads to a problem where a lot of teams are always looking for people to hire or work with … but they aren’t able to find the right talent. But I know that the talent is there, it’s just a matter of connecting those two ends.”last_img read more

USC women’s volleyball starts season off strong

first_imgMatt Karatsu | Daily TrojanThe USC women’s volleyball team finished strong in the USC/LMU Tournament this past weekend with a 3-0 record to open the season, defeating LMU, Michigan and Albany.On Friday, the Trojans began their season at Loyola Marymount and prevailed 3-1 (23-25, 25-21, 25-14, 25-11). Many of the new Trojans saw playing time in this match, most notably sophomore setter Cindy Marina, who transferred to USC this season from Duke. Marina had 22 assists that match, and she split the duties with senior setter Reni Meyer-Whalley, who had 19 assists.  The Trojan offense was strong and balanced with sophomore outside hitter Khalia Lanier putting down 13 kills, junior outside hitter Alyse Ford adding 11 kills and senior middle blocker Danielle Geiger adding 8 kills on a .727 hitting percentage with no errors. As a team, the Trojans hit .400 with contributions from senior opposite hitters Nikki Withers and Brittany Abercrombie and senior middle blocker Brittany Welsh. They collectively had 18 kills in the match.The Trojan defense did their job against LMU, holding them to an .098 hitting percentage. Geiger and Abercrombie both helped establish this feat with five blocks each; Welsh added four blocks, Withers three and Ford two. Behind the block, junior libero Victoria Garrick had five digs and sophomore defensive specialist Jenna Adams added five more. Following their season opener, the Trojans returned to the Galen Center to take on No. 16 Michigan for the first time in program history. With several Trojans earning double-doubles in the match, the Trojans were able to defeat the ranked opponent (25-22, 25-19, 28-30, 25-16), which should earn them a ranking in the next AVCA rankings poll.Marina had 19 assists and 10 digs, which was her first career double-double. Lanier also played for her 17th double-double, logging 19 kills and 12 digs. Ford was one dig shy of a double-double performance, but she finished the match with 15 kills and 9 digs. Garrick added 17 digs and 3 service aces.The Trojans’ Saturday match against the University of Albany also went to four sets (25-16, 23-25, 25-21, 25-18). The second set against the Great Danes was played without usual starters Lanier, Welsh and Garrick.Withers was the offensive leader for the Trojans hitting on a .474 hitting percentage with 11 kills; she also had three digs and two blocks in the match. Also adding to the Trojans’ offense was Abercrombie, who had 12 kills on a .435 hitting percentage. Lanier also swung for 16 kills on a .364 percentage and Ford had 12 kills on a .320 hitting percentage. Meyer-Whalley and Marina guided this offense with 25 and 22 assists, respectively.This win against Albany gave the Trojans their first three-match win streak since October 2016. The Trojans will strive to build on this momentum as they have tournaments the next few weeks on the road. Next weekend, they will face ranked opponents at the Blue Jay Invitational in Omaha, Neb.: No. 9 Creighton and No. 14 Kentucky.last_img read more

CHAN 2016: Ghana to play Cote d’Ivoire in qualifiers

first_imgGhana have been billed to play Cote d’Ivoire in the 2016 African Nations Championship (CHAN) final round qualifier for Zone West B. In a game that will evoke memories of the recent Afcon final, the Local Black Stars will host their Ivorian counterparts in the first leg on June 21 and the return leg on the weekend of 28-30 August.The draw was done on Sunday for this, the fourth edition of the tournament which first started in 2009, where Ghana won silver. Since then, Ghana has been in every CHAN.Team Ghana’s last outing came in South Africa ended in a second placed finish to eventual winners, Libya.CHAN 2016 will begin in January in Rwanda. CHAN qualifiers – Zone West BGhana v Côte d’IvoireNigeria v Burkina FasoNiger v Togo–Follow Gary on Twitter: @garyalsmithlast_img read more

Mariano Rivera had a heckin’ good time at his first Yankees Old Timers’ Day

first_imgRivera was assisted by a bit of shoddy center field defense from relief pitcher Jeff Nelson. And now, a hilarious tweet:From Enter Sandman to Exit Velocity Sandman. #Yankees— Joe (@JoeRiveraSN) June 23, 2019Rivera, baseball’s first unanimous Hall of Famer, gets to live another dream out of his in July, when he’s inducted into the Baseball Hall of Fame. Sunday’s edition, the 73rd annual, featured a number of firsts for Rivera, someone who has accomplished so much in his career: his first appearance at an Old Timers’ Day, his first career base hit, his first career home run and his first appearance playing center field. You might not find those on his Baseball-Reference page, though. “I always looked forward to this day,” Rivera said. “All those years, those 19 seasons that I played, I always [wondered] when Old Timers’ Day was gonna be. I was here, early, for all those games. You share with those guys. You listen to their stories. It was amazing.”MORE: Watch ‘ChangeUp,’ a new MLB live whiparound show on DAZNIt’s been nearly six years since Rivera threw his last cutter for the Yankees, but he apparently is still no stranger to the big stage of Yankee Stadium, and it was apparent on Sunday.So here are a few things that the man called “Mo” accomplished in his first Old Timers’ Day.He clowned Paul O’NeillOld Timers’ Day matchups can always make for hilarious moments.The always entertaining YES Network color man Paul O’Neill was incredulous when Rivera took the mound in the first inning, partially in fear of facing one of the greatest relievers of all time.Sandman’s still got it.Mariano Rivera takes the mound & delivers his signature cutter! 🐐 pic.twitter.com/MEM2nM1rnA— YES Network (@YESNetwork) June 23, 2019O’Neill, Rivera’s teammate between 1995 and 2001, earned praise from the closer. “I remember all those years, that’s the guy that we want at the plate during crucial times,” Rivera said. “One of the most passionate hitters that I’ve ever played with.”But Rivera got the last laugh.”I threw a cookie there, he just missed it.”He played center fieldOn May 3, 2012, the Yankees lost to the Royals 4-3 in Kauffman Stadium, but the Yankees arguably took a bigger loss before the game.Rivera was known for patroling the outfield during batting practice, shagging fly balls as a way to stay loose and in shape. He landed awkwardly on a catch and tore his ACL and meniscus, sidelining him for the rest of the season.Well, in his first Old Timers’ Day, Rivera earned a modicum of redemption and closure.”I always told Joe Torre, ‘You should put me in center field,'” Rivera said. “I told Joe, ‘You can put me in the eighth inning, I’ll get the last out in center field, then I’ll come back and pitch the ninth,’ but he didn’t want to do it.”Mariano Rivera patrolling centerfield.Wait, what?! pic.twitter.com/dA4E8aTkyQ— YES Network (@YESNetwork) June 23, 2019He hit an inside-the-park home runIn Rivera’s career, he allowed 76 home runs in 1,283 2/3 innings. On Sunday, he added a round tripper of his own.Mo with an inside-the-park home run!🐐 Mariano Rivera DOES IT ALL 🐐 pic.twitter.com/9hPjMjkN1l— YES Network (@YESNetwork) June 23, 2019When was his last inside-the-park home run, you might ask?”Are you kidding me?” Rivera said after his. “Not even in softball.” NEW YORK — Mariano Rivera showed some emotion.Granted, it was a smile and a lot of laughs, but the stoic Rivera, apparently, had a great time at his first Old Timers’ Day. last_img read more

Klay Thompson seen with LeBron James on ‘Space Jam 2’ set

first_imgThompson sustained the injury during Game 6 of the NBA Finals earlier in June, with an MRI later confirming his ACL was torn. It was a brutal end to the season, which saw the Warriors lose Game 6 and the NBA title to the Raptors.”Space Jam 2″ has started filming all around Los Angeles and is expected to feature as much star power as the first film. However, both Stephen Curry and Giannis Antetokounmpo declined to be part of the movie.Curry said he already had prior commitments and Antetokounmpo stated he didn’t want to be distracted from his training. Space Jam 2 filming is underway. Hitting the court & set with LeBron looks to be Anthony Davis, Dame Lillard, Klay Thompson & Draymond Green.📸 🎥 @TMZ_Sports #Lakers #LakeShow #NBA #SpaceJam2 pic.twitter.com/ocb0GdlVpk— LakeShowWorld (@LakeShowWorld) June 27, 2019Thompson long had been rumored to be part of the project, along with teammate Draymond Green, Trail Blazers star Damian Lillard, and James’ new teammate Anthony Davis.Most were seen on set with Thompson and James. Related News Lakers trade rumors: Los Angeles’ talks to clear cap space ‘have gone nowhere’ A torn ACL won’t keep Klay Thompson from being part of “Space Jam 2.”The Warriors star was seen on crutches meeting with LeBron James on the set of the movie, per TMZ Sports. Magic Johnson looks into crystal ball, dissects 2020 Lakers Stephen Curry reveals why he turned down ‘Space Jam 2’ The cast of Space Jam 2 will include:• Anthony Davis• Damian Lillard• Nneka Ogwumike• Chiney Ogwumike• Chris Paul• Diana Taurasi• Klay Thompson(via multiple reports) pic.twitter.com/Tphu9U40F9— SportsCenter (@SportsCenter) June 20, 2019According to TMZ, the scene was set for an All-Star Game, although it’s unclear how Thompson’s role will be revamped with him injured and on crutches.last_img read more

2015 Wellington Hydrant Testing schedule:

first_img Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Submitted to Sumner Newscow — The following is the schedule for the 2015 Fire Hydrant testing. The schedule will be followed as close as possible. At times, due to unforeseen circumstances, changes to the schedule will be necessary. Announcements for any changes will be made as soon as possible. Hydrant testing will start on Sunday Sept.13 and will continue on weekdays only until all of the hydrants are tested.Crews will be trying to keep the water as clear as possible. Some “dirtying” of the water may occur in the area that is being tested. The possibility exists for adjacent areas to receive some of the “dirty” water also.Sept. 13th –Sept. 18th, 2015: Downtown hydrants from:Second to Ninth on Washington.Washington from 10th St to 16th St.Jefferson from 1st St. to 16th St.“A” St, and “B” St. from Lincoln to 16th St.“C” St. from 2nd St. to 15th St.“G”, “H”, Blaine, and Olive from 2nd St. to Harvey“F” from 2nd to 15thVandenburgh and Harvey, Olive from Harvey to 8thCrestview Heights and Coyote RidgeAll hydrants west from Poplar and south of 16th St.Sept. 21st– Sept. 25th, 2015: All hydrants west from Poplar and south of 16th St.(cont)Crestview Heights and Coyote Ridge ( cont.)All hydrants from Ash to Gardner from 3rd to WaldoAll hydrants east of “A” St and north of 16th to the City LimitsAll hydrants north of 16th St. on “A” St. to the City Limits(This will include the Industrial Park areas).“G” & 12th, “H” St. from 11th to the north City LimitsAll hydrants south of BNSF tracks from “C” St. to WoodlawnSept. 28th– Oct. 2nd, 2015: Jefferson to “B” St. from 16th to Vandenburgh.All hydrants south of BNSF tracks from Washington to Blaine.Blaine, Olive from 9th to 22nd.Poplar, Park, Plum, & High from 16th to 22nd.All hydrants north of BNSF tracks and from Woodlawn east.Finish remainder of rural hydrants.Follow us on Twitter.last_img read more