Bulk of Polish second-pillar assets looks set to stay in private sector

first_imgPoland’s current pension review is nearing the end of its consultation period, with the final decision postponed from the end of this year to the first quarter of 2017.According to the Social Dialogue Council – the co-operation forum between employers, trade unions, government officials and representatives from the presidential office, central bank and national statistical office – the most likely outcome is that three-quarters of the assets of the second-pillar pension funds (OFEs) will be transferred to newly created third-pillar accounts, and the remainder to the Demographic Reserve Fund (FRD).This plan was co-authored by finance and development minister Mateusz Morawiecki and colleagues in the FRD and the Ministry of Family, Labour & Social Policy (MRPiPS).The new accounts would be run as investment funds (TFIs) and in the first two years managed by the FRD’s own TFI. Thereafter, they will be managed by the private sector, while the second-pillar fund management companies will themselves be transformed into TFIs.The alternative proposal, a full-scale transfer of all OFE assets into the FRD, is the preferred option of, among others, the state Social Insurance Institution ZUS, OPZZ (one of the two biggest trade union confederations) and reportedly sectors within the MRPiPS itself.It remains in play because of suspicions that the Law and Justice (PiS) government could be forced into tapping into pension assets to keep its budget and public debt deficits within EU limits, just as its predecessor did when it removed all state bonds from OFE portfolios in 2014, and continue funding its flagship projects, notably the 500-plus child-benefit programme, and next year’s reversal of the previous government’s raising of the retirement age.Poland’s 2017 budget remains just within the deficit thresholds only if GDP grows by 3.6% year on year, and inflation does not exceed 1.3%, two targets seen as highly optimistic.The full nationalisation of OFE assets is the nightmare scenario for Poland’s capital markets.Earlier in December, Poland’s Chamber of Brokerage Houses (IDM) wrote to the government spelling out the catastrophic consequences for the Warsaw Stock Exchange (WSE), Polish companies’ access to finance, foreign investment and the overall economy.The document points out that the OFEs have shareholdings in more than 250 WSE-listed stocks and account for more than 20% of the exchange’s market capitalisation and 43% of the free float.In the case of the free float, a nationalisation would lead to an automatic offload of Polish assets by passively indexed ETFs, followed by sell-offs by remaining foreign investors, and a liquidity drainage and eventual marginalisation of what is the CEE region’s biggest stock exchange.last_img read more

Where to buy near the water from Cairns to Cassowary Coast

first_imgPeter Bachelor checking on his boat in Half Moon Bay Marina, Yorkeys Knob. Picture: Stewart McLean Clump Point Median sale price (past 12 months) Median sale price (past 12 months) Bingil Bay $355,000Mission Beach $310,000 Bluewater Marina, Trinity Park This suburb has beaches, cafes, a tight-knit village atmosphere and the Half Moon Bay marina where you can safely berth your vessel close to the northern beaches of Cairns.Yorkeys Knob Boating Club manages moorings in the 197-berth marina just 15 minutes from the Cairns CBD.The marina was constructed in 1994 and includes the multimillion-dollar marina clubhouse built out over the water. Bingil Bay and Mission Beach residents not only live a glossy, tourist-brochure lifestyle but they are also in the best position to take advantage of the new Clump Point marina currently going through the approvals process.The upgrade of the current Perry Harvey jetty will add a new boat ramp lane, floating walkway, improved breakwater, carpark and new moorings and is set to get underway next year.More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days ago Median sale price (past 12 months) Five localities on the shores of Lake Tinaroo offer space as well as proximity to the region’s best inland fishing, water skiing and boating spot.Tinaroo, Kairi, Barrine, Danbulla and the bigger township of Yungaburra are all popular with retirees or those seeking a tree-change prompting the construction of a number of small housing developments.Lake Tinaroo also has five camping areas located in the Danbulla State Forest. Tinaroo $312,500Yungaburra $381,000 Trinity Park $440,000 Tinaroocenter_img Inner-city Median sale price (past 12 months) Yorkeys Knob As you might expect for a tropical, waterside metropolis, Cairns has two moorings in the city, the Cairns Yacht Club at Pierpoint Rd in the CBD and Cairns Cruising Yacht Squadron at Portsmith. The city offers plenty of apartment options with buildings on the Esplanade high on the wishlist of newcomers to the city.Just a few kilometres out, Bungalow, Parramatta Park and Westcourt are the places to look for proximity to the Portsmith marina. Perry Harvey Jetty. Photographer: Liam Kidston. Median sale price (past 12 months) State government regulations mean this Cairns canal development, where you can park your boat right outside your home, is the last for the region. FNQ Hot Property principal Nathan Shingles said it was a shame there would be no more house and marina packages.“Environmentalists think they’re bad but it provides a habitat for fish,” he said.“Bluewater harbour has good partnership in place with state government and there is regular dredging. It costs about $800,000 a year for the dredging.”With 108 berths, Bluewater Marina is cyclone-rated with deepwater access and the Great Barrier Reef is as close as 20 minutes offshore. Elysian at Bluewater. Residential development.FAR North Queensland has some of the best boating and fishing opportunities in Australia so where can you buy to minimise travel time to the water and maximise on-deck hours. Yorkeys Knob $371,000 Bungalow $365000Parramatta Park $452,750Westcourt $345,000Cairns City $295,000 (unit)last_img read more

Video: ‘if you don’t appreciate Ronaldo you don’t appreciate football’

first_img Read Also: Messi donates €500k towards the fight against COVID-19But you simply cannot sit there and belittle his career. What Ronaldo has achieved during his career and is still achieving at the age of 35 is incredible. He is, without doubt, one of the best players ever. And if you truly love football, surely that’s something that is easy to recognise. FacebookTwitterWhatsAppEmail分享 Promoted Content15 Extremely Surprising Facts About Disney Princesses6 Incredibly Strange Facts About Hurricanes9 Facts You Should Know Before Getting A TattooBest Car Manufacturers In The WorldTop 9 Scariest Haunted Castles In Europe10 Of The Dirtiest Seas In The WorldThese Are The Best Stargazing Locations You Can Find On Earth10 Risky Jobs Some Women DoWho Is The Most Powerful Woman On Earth?5 Of The World’s Most Unique Theme ParksA Guy Turns Gray Walls And Simple Bricks Into Works Of ArtTop 7 Best Car Manufacturers Of All Time After nine incredible seasons at Madrid, Ronaldo decided to move to Juventus in 2018. And he managed to win Serie A in his first season, meaning he has won the title in three of Europe’s biggest leagues. In total, he’s managed to score 626 goals in 838 games for his club side. Ronaldo has won the Champions League five times and he’s also been crowned the winner of the Ballon d’Or five times. As well as incredible success at club level, has also scored 99 times for Portugal and he helped guide his national side to the European Championship in 2016. We could go on forever and ever about how many records Ronaldo has smashed during his career. Ronaldo is also often trolled for his free-kicks, while he has also been described as a penalty merchant. Some simply say he is overrated. Loading… center_img But, despite winning everything there is to win, Ronaldo still has a surreal amount of critics. Many see him as a clear second best to Lionel Messi. Cristiano Ronaldo has won it all in during his career in football. The Portuguese forward became world star at Manchester United before then establishing himself as one of the best players of all-time at Real Madrid. But these assessments are incredibly harsh. And a video has been created that does a great job in coming to Ronaldo’s defence. Published by @FlFAWC2018, the video is titled: ‘You can hate Cristiano Ronaldo all you want, but if you don’t appreciate Cristiano Ronaldo you simply don’t appreciate football. You’re just a sad hater.’ The two-minute montage features Ronaldo bamboozling defenders with skills and going on incredible runs, while it also features him scoring ridiculous goals and free-kicks. The video has gone viral, amassing over 2k retweets and 8k ‘likes’ and you can view it below: It’s hard to for a two-minute video to do Ronaldo’s incredible career justice, but the montage does just that. He’s been able to do everything. He’s sensational in front of goal, has incredible trickery, is quick and most importantly, he has incredible desire to be the best player he can be. As the video says, you have the right to dislike Ronaldo. Some think he comes across as arrogant and they may have a point. Barcelona fans may also dislike him due to his rivalry with Messi.last_img read more

Eagles Throttle Red Riots

first_img Latest Posts admin BLUE HILL — The Eagles evened their record at 2-2 on Wednesday, April 29, as righthander Peter Dickinson pitched a two-hitter with eight strikeouts in an 11-0 shutout of the Orono Red Riots.Nick Saunders drove in three runs with a double and a single, Sam Eley singled twice and drove in a run and Dickinson had a pair of singles for GSA. For more sports stories, pick up a copy of The Ellsworth American. State budget vs. job creation – January 22, 2015 House fire in Winter Harbor – October 27, 2014 Latest posts by admin (see all) Bio Hancock County Court News Nov. 3 thorugh Dec. 11 – January 22, 2015 This is placeholder textThis is placeholder textlast_img

Marasco scores 3 goals, finishes with career-high 8 points in loss to Albany

first_img Published on February 18, 2013 at 1:41 am Contact Trevor: tbhass@syr.edu | @TrevorHass JoJo Marasco pumped his fist and sprinted back toward midfield.Syracuse’s captain cut the deficit to three heading into halftime with a left-handed laser that snuck by Albany goalie Blaze Riorden. After a nightmarish first half for Syracuse, the Orange was only down 8-5 heading into the break.Marasco kept Syracuse alive all night, finishing with a career-high eight points on three goals and five assists in Syracuse’s (0-1) 16-15 season-opening loss against Albany at the Carrier Dome on Sunday. The captain scored the most points for an SU player since Kenny Nims’ eight in February 2009. Marasco dished out three assists in the fourth quarter, sparking an SU comeback that sent the game into overtime.“I was running with a great line in Scott Loy and Luke Cometti, and those guys make it really easy for myself to make a great dodge, dodge hard and get a chance to feed those guys,” Marasco said. “They get open real well. I was able to take some good shots.”In the first half, Syracuse was out of whack. Ty, Miles and Lyle Thompson toyed with the Orange as SU struggled to keep up with the Great Danes’ high-powered attack.AdvertisementThis is placeholder textBut then Marasco emerged. Syracuse needed a spark from somewhere, and Marasco provided it.Head coach John Desko was confident his team could stage the comeback.“I thought we could score if we had the ball,” Desko said. “They didn’t all come at once. We knew we were going to have to pick away at it. I thought the guys did that.”Pick away Syracuse did, as Marasco fueled the comeback. He scored with 12 seconds to go in the third quarter, cutting the deficit to 13-10 entering the final frame. But Marasco did everything he could to make sure his team battled back and made it a game.Marasco connected with Cometti once and Dylan Donahue twice as Syracuse chiseled into the lead. Donahue’s third goal knotted the contest at 15. Marasco found him cutting toward the net and the redshirt freshman attack delivered.But in overtime, Marasco couldn’t convert. He rifled shot after shot, but each time the ball just missed the net. The midfielder finished with 11 shots, leading all players. He pursued the game-winner in the first and second overtimes, but he never found it.“The goalie stepped up big at the end,” Marasco said. “We had a whole bunch of looks, and it’s tough, but it just didn’t go our way there. It’s a tough thing. We’ve got to take it in stride and go forward with it.” Comments Facebook Twitter Google+last_img read more

Steve Ishmael named ACC Receiver of the Week

first_img Facebook Twitter Google+ Syracuse senior wide receiver Steve Ishmael was named Atlantic Coast Conference Receiver of the Week, the conference announced Monday afternoon. Ishmael, who was also named first-team All ACC on Monday, set a pair of program records and exploded for a career-high 187 receiving yards Saturday afternoon in the final game of his college career.In the Orange’s (4-8, 2-6 Atlantic Coast) 42-14 loss to Boston College, (7-5, 4-4), Ishmael made his 38th and final career start. He surpassed Amba Etta-Tawo’s single-season receptions record of 94, which Etta-Tawo set a year ago in a rout at Clemson. Then, on the final touchdown catch of his career, Ishmael broke Marvin Harrison’s career receiving yards record (2,728).Ishmael idolized Harrison as a kid, choosing to wear No. 8 because Harrison did. In his final game, he broke his idol’s record and finished with 11 catches.Ishmael said last year was disappointing in that he did not pose enough of a threat alongside Etta-Tawo. He spoke with the former SU receiver over the summer, which gave him motivation headed into 2017. On Saturday, Ishmael’s parents visited the Carrier Dome to see him play for the first time in Syracuse.“It meant a lot,” Ishmael said after the game. “Just knowing they were in there in the stands gave me motivation. My last game, them getting a chance to really see me play. They got a chance to see me finish out the right way.”AdvertisementThis is placeholder textThe senior is tied with SMU’s Trey Quinn for the national lead in receptions per game and he ranks second in the country in overall catches. He ranks third nationally in both receiving yards (1,347) and receiving yards per game (112.3). Ishmael is a projected fifth or sixth round selection in the 2018 NFL Draft, per NFLDraftscout.com. Comments Published on November 27, 2017 at 1:20 pm Contact Matthew: mguti100@syr.edu | @MatthewGut21last_img read more

Men’s golf: Wisconsin struggles in Colleton River Collegiate

first_imgUniversity of Wisconsin men’s golf placed seventh out of 12 teams in the Colleton River Collegiate in Bluffton, South Carolina this Monday and Tuesday.Coach Michael Burcin brought a young group of mostly freshman and sophomores to South Carolina. Jordan Hahn (20th), Griffin Barela (31st), Sam Anderson (42nd), Pete Kuhl (47th) and Nick Robinson (49th) all competed for the Badgers in the event with Wisconsin’s Eddie Wajda (42nd) also golfing as an independent.Jordan Hahn, the Badgers’ highest ranked player, was 11 over par over the three-round contest. Hahn’s most impressive round came last shooting 70 for two under par, which was tied for the fourth best score among all players in any round.Women’s soccer: With new roster, Badger women searching for identity in spring ballWhile some may look at the short spring women’s soccer season as a mere taste test for what’s to come Read…While the Badgers under performed overall, they did improve throughout the competition. In the first round, Wisconsin finished tied for last with an overall score of 313, which decreased to 308 in round two and 298 in the final round.UW Athletics caught up with Burcin to get his thoughts on the team’s performance.“It was good to see some of our guys help us move up in the final round. Jordan and Griffin really looked solid today, but overall it was a disappointing week coming off our last performance. We need to figure out these issues quickly and come back stronger later this month,” Burcin said.The performance is more underwhelming because it comes off the heels of some impressive early outings. Back in February, the team finished third overall in the Big Ten Match play, leaving many wondering how good some of these players can become as they develop and improve their games.March Madness: NCAA Tournament South opening round previewMarch Madness is finally here. Despite the obvious miscarriage of cosmic justice that resulted in a Badger-less tournament, it is Read…Wisconsin will visit South Carolina again for their next contest in two weeks. The Hootie at Bulls Bay Intercollegiate will go from March 25-27 in the Bulls Bay Golf Club in Awendaw, South Carolina.As the weather warms, Wisconsin will return to the Midwest for the remainder of the spring season with events in Illinois and Indiana. But then, the Badgers will send several golfers to the Big Ten Championships in Baltimore, Maryland.Hopefully, the Badgers can move forward from this week and get back on track in these upcoming contests.last_img read more

Impressive result for Bennett in Tirreno Adriatico

first_imgCarrick on Suir’s Sam Bennett survived a crash marred sprint on yesterdays second stage of Tirreno Adriatico to take his first World Tour podium.The 24 year old Bora – Argon 18 rider came within millimetres of crashing in the bunch sprint at the end of the 153 kilometre stage but still managed to finish 3rd behind Belgian national champion Jens Debusschere of Lotto-Soudal and Peter Sagan of Tinkoff-Saxo.The crash in the last 200 metres was caused by a mechanical problem with Mark Cavendish’s bike which brought down a number of riders at high speed.last_img

O’Shea: Tipp will have refocused since Cork game

first_imgFormer Tipp hurling manager Eamon O’Shea says the team will have made good use of their break.Throw-in is at 5 o’clock on Saturday at Semple and Tipp FM will have full live coverage in association with Mulcahy Car Sales Ardcroney, Nenagh and Spar Express, Maxol Filling Station, Turtulla. Thurles. Photo © Tipp FM Tipperary’s defence of the All Ireland senior title is on the line this weekend when they face into the first round of the qualifiers.Westmeath provide the opposition in Semple Stadium on Saturday evening.It’s five weeks since the Premier were beaten by Cork in the Munster semi-finallast_img

Michael Beasley agrees to one-year deal with Lakers, hopes to put past behind him

first_img Jubilation, anguish as race for NBA’s Western 8th seed gets as close as ever Lakers on verge of sealing home court advantage, what does it mean in the NBA bubble? Morning Wrap: Full coverage from Lakers-Clippers thriller; Angels, Dodgers going in different directions; Whicker pays tribute to legendary Mike Gillespie VIDEO: Watch Kyle Kuzma’s game winner and what he said about it The Lakers and free agent Michael Beasley agreed Friday on a one-season, $3.5-million contract for 2018-19, a move that seems likely to inject more intrigue into a roster that includes recent offseason additions LeBron James, JaVale McGee, Rajon Rondo and Lance Stephenson.ESPN was the first to report the agreement.Beasley arrived in the NBA from Kansas State in 2008, after the Miami Heat drafted him second overall. He has averaged 12.7 points, 4.8 rebounds and 1.3 assists in a 10-season career with Miami (two stints), Minnesota, Phoenix, Houston, Milwaukee and New York.He’s also played in China. “At this point, I want to be looked at different. I want to be respected. I want to be all of this and all of that, but at the same time, it’s like one man can’t change the world.”Beasley first got into trouble while attending the NBA rookie symposium, when he and two other rookies and two women were found to be in a room that smell of marijuana, according to a hotel security guard. The NBA subsequently fined him $50,000.By the end of his rookie season, he had purchased “11 or 12 cars,” according to The Athletic.Beasley checked into a Houston rehab facility for stress-related issues in 2009.Related Articlescenter_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersBeasley and James were teammates in Miami for the 2013-14 season.The 29-year-old power forward averaged 13.2 points, 5.6 rebounds and 1.7 assists in 22.3 minutes in 74 games, including 30 starts, last season with the Knicks. He shot 50.7 percent overall, including 39.5 percent from 3-point range, which no doubt attracted the Lakers to him.Sign up for Home Turf and get exclusive stories every SoCal sports fan must read, sent daily. Subscribe here.Beasley claims to have outgrown a childish reputation that dogged him throughout the early years of his NBA career, when the conventional wisdom was that he was wasting his talent. He acknowledged as much during an interview with The Athletic in April.“My whole career I get ‘stoner,’ ‘partier,’ ‘troublemaker,’ and I’ve gotten in trouble a few times back in the day – not even back in the day, it’s not that long ago – I got in trouble a few times and that’s like the stigma that’s still with me to this day,” he told the website.“It’s not even that I’m changing now, because at this point there’s nothing for me to change. I can cut my hair, but I tried that three, four times already. I can get tattoos removed, but nobody will notice it until they’re all gone. Even then would it change? Newsroom GuidelinesNews TipsContact UsReport an Error He was ticketed for marijuana possession while in Minnesota in 2011.Two years later, he was accused of kidnapping and sexual assault by a woman in Arizona. Police investigated but no charges were brought, according to a report in a Phoenix newspaper. Beasley and the woman reached an out-of-court settlement in 2016, according to court documents.Also in 2013, Beasley was arrested on suspicion of possession of marijuana while driving in Scottsdale, Arizona, several months after he was cited for driving 71 mph in a 45-mph zone with a suspended license and a loaded gun.However, Beasley spent an incident-free 2017-18 season with the Knicks, as he sought to repair his image and jump-start his NBA career. He made $1,471,382 last season in New York, the veteran’s minimum salary for 2017-18.“My name don’t ever come up unless it’s light, a joke, laughs behind it,” he told The Athletic, referencing his past. “I’m not saying it’s all the way a bad thing, but it’s not great. I feel like an ‘8 Mile’ Eminem compared to ‘My Name is.’ Whenever my name is brought up, it’s in a ‘Slim Shady’ way and it’s funny and I’m lighthearted, but at the same time every once in a while, I like to take it seriously.” VIDEO: LeBron James and Doc Rivers respond to Donald Trump calling NBA kneeling protests “disgraceful” last_img read more