Defi Du Seuil faces five rivals at Cheltenham | Racing News

first_imgTwiston-Davies’ Ballyandy heads the weights in the Unibet Greatwood Hurdle.Second to Sceau Royal, who has franked the form since, in the Welsh Champion Hurdle on his first run of the campaign, he is giving upwards of 8lb to all his rivals.They include Alan King’s pair Edwardstone and Harambe, Tom Lacey’s Sebastopol, Paul Nicholls’ Thyme White and Sir Psycho and the sole Irish runner Tudor City.Ellison’s Cormier, Dan Skelton’s Proschema and the Olly Murphy duo of Hunters Call and Strong Glance are others fancied in a strong heat.Colin Tizzard’s promising The Big Breakaway is scheduled to have his first run over fences in the opening mallardjewellers.com Novices’ Chase. Defi Du Seuil faces five rivals as his bids for a second win in Cheltenham’s Shloer Chase.Philip Hobbs’ stable star is reappearing after a mysterious flop in the Queen Mother Champion Chase in March when it appeared he had been left with little more than a penalty kick following the late withdrawals of Altior and Chacun Pour Soi.- Advertisement – – Advertisement – Nigel Twiston-Davies’ Riders Onthe Storm, so impressive in the Ascot Chase but a faller in the Ryanair, is yet another Grade One winner in attendance.Brian Ellison’s Forest Bihan reappears for the first time since winning last season’s Old Roan Chase at Aintree, with injury keeping him off the track, while Harry Whittington’s Rouge Vif is back at Cheltenham after an impressive win in a handicap last month.Duc Des Genievres, the Arkle winner in 2019 who is having his first run for Paul Nicholls, completes the field.- Advertisement – However, in just about the only disappointment for the now-retired jockey Barry Geraghty during the 2020 Festival, Defi Du Seuil never looked like winning at any stage and was only fourth to Politologue.Previously last season, Defi Du Seuil had won Sunday’s race – beating Politologue – the Tingle Creek and the Clarence House, taking his Grade One tally over hurdles and fences to seven.He faces last year’s impressive Arkle winner Put The Kettle On, from Henry de Bromhead’s yard, who won at this meeting 12 months ago and never ran again before the Festival.- Advertisement –last_img read more

Geneva’s €11.2bn pension fund pleads for ‘double Yes’ in funding vote

first_imgThe CHF12.6bn (€11.2bn) public pension fund for the Swiss canton of Geneva has called for the public to help it secure crucial funding by voting in favour of two competing proposals in a regional referendum next month. CPEG is the public pension fund with the weakest funding in Switzerland. At the end of December its coverage ratio stood at 58%, compared with 75% on average for Swiss public pension funds.Unlike most of its peers, when CPEG was established in 2014 it did not receive enough financing from the canton. Under federal law, it must have a coverage ratio of 80% by 2052, but it faces falling foul of its legal obligations. Cantonal law specifies the trajectory to the 2052 target, setting targets for 2020 (coverage ratio of 60%), 2030 (66%), 2040 (72%), and beyond.  Over the years CPEG’s liabilities have increased by CHF2bn as a result of cuts in the discount rate it uses. According to Michèle Devaud, deputy director general of CPEG, the need to recapitalise the fund by a substantial amount – the figures given ranging between CHF4.4bn and CHF5.4bn – was recognised by all the political parties in Geneva.“The problem is what system to put in place,” she added.Competing solutionsIn December the regional parliament passed two “contradictory” laws in the same session, Devaud said. Both targeted a coverage ratio of 75%, largely via recapitalisation in 2020 via a loan, but disagreed about potential structural reform of the pension fund.According to Devaud, the cantonal government’s proposal was for CPEG to switch to a defined contribution system, which would lead to benefits falling by a maximum of 5%. The proposal also foresaw a shift in the distribution of contributions, with members to contribute a greater share and employers a smaller share.The current contribution rate is 27%, two-thirds of which comes from employers and one-third from employees.  The funding proposals will go to a ballot next monthThe second proposal, on the other hand, involved sticking with the current defined benefit system without any changes to benefit or contribution levels. There were some differences relating to the repayment of the loan used to provide the financing.According to Devaud, the second option involved the loan mainly being repaid in the form of land being transferred to CPEG, on which it could build accommodation for the local population. CPEG allocates around 30% of its assets to real estate and owns 10,000 housing units, making it the canton’s biggest landlord.The cantonal government’s plan, meanwhile, allows for the transfer of land but does not prioritise it in the same way as the second proposal.‘Vote for both’Both options are the subject of a referendum to be held on 19 May, after the respective camps collected sufficient signatures against the other’s proposal.CPEG wants to avert an outcome in which both proposals end up being rejected by voters. It has therefore issued a statement calling for them to vote in favour of both, regardless of the preference they then indicate in follow-up questions on the ballot.“The board of CPEG isn’t taking a position on the proposals but we’re saying that the pension fund has to be recapitalised. That’s the main message,” Devaud told IPE.“It would be catastrophic if there were a double ‘No’ because then we would have to cut benefits substantially.”CPEG also emphasised that such an outcome would mean that the pension fund’s “financial balance” would remain very fragile and that recapitalisation at a later date would probably be necessary, with this costing more than the measures linked to the proposals scheduled for the May referendum. Since CPEG’s creation, active members’ future benefits have been cut by 17%. The pension fund said that if the measures it had already announced came into effect in January next year, the total reduction of benefits could go up to 27% depending on the type of member.last_img read more

Mutabaruka talks religion

first_img Share FaithLifestyle Mutabaruka talks religion by: – March 16, 2011 Share 192 Views   no discussions Sharing is caring!center_img Internationally recognised dub poet Mutabaruka will be one of the main presenters during the United Theological College of the West Indies’ (UTCWI) Founders’ Week, which began on Monday at the College’s Golding Avenue complex.The barefooted, highly respected Rastafarian performer, who speaks today, will present his views on the topic ‘A Rastafari Prospective on the Hebrew Bible’.Scheduled to begin at 11:15 a.m., the dub poet’s lecture will have an audience of almost 300 pastors who have gathered for five days, in honour of Reverend D. William Wilberforce Watty, a Caribbean theologian and former president of UTCWI.According to president of UTCWI – the first female to hold that position – Rev Dr Marjorie Lewis, “Dr Watty had been confirmed to attend the conference but, at the last minute, had to cancel his appearance because of health issues. Unfortunately, he was advised not to travel at this time but UTCWI is looking into the possibility of Dr Watty participating through a Skype network connection on Friday.”However, daughter Lenore Watty is expected to represent the Watty family at the Founders’ Week celebrations. In honour of Dr Watty – who Lewis said always encouraged his students to think critically and to engage in spirited debate and committed praxis – the overall theme chosen for the UTCWI Founders’ Week is ‘Iron Sharpeneth Iron: Seeking Meaning Through Conversations on the Hebrew Bible’.Among the topics to be explored this week are ‘Allegorical Hermeneutics: The New Thought Approach to Biblical Interpretation’, presented by Rev Dr Mary Tumpkin, and ‘The Place of the Hebrew Bible in Islam’, with presenter Kwaku Ahmed.Open day and family reunionThere will be an open day and family reunion on Thursday, with an outing planned for families of former UTCWI lecturers. Lewis said the ground floor of the University of the West Indies Chapel was filled with delegates who participated in the opening service on Monday. Rev Dr George Mulrain, Connexional, president of the Methodist Church in the Caribbean and the Americas, was the preacher.UTCWI was established in 1965 by a number of mainline churches to prepare persons from across the Caribbean and Central America for ministry in the Christian Church. Today, UTCWI not only provides basic training for the sponsoring denominations (Anglican, Baptist, Moravian, Methodist, Lutheran and United Church), but offers academic degrees at undergraduate and postgraduate levels to an expanding student body, including students from evangelical and pentecostal churches.Source: The Gleaner Tweet Sharelast_img read more

Leon O. Siebert

first_imgLeon Orval Siebert, age 73 of Batesville, Indiana passed away on Tuesday, August 18, 2020 at his home.  Born on October 11, 1946 in Batesville, he was the son of Ray and Betty (nee: Dugle) Siebert.Leon served in the US Army in Vietnam as a helicopter Crew Chief.  He earned a Purple Heart and a Bronze Star during his time of service.During his younger years, Leon had many jobs. He worked as a sand blaster in the Gulf of Mexico on the large oil rigs for several years. He also owned and drove his own semi-truck in Texas for a few years. About 10 years ago Leon returned to Batesville where he worked in the stamping department of Batesville Tool & Die.Most knew how much Leon loved his dog, Gizmo. Because of his recent health issues, Leon liked to watch TV.  He used to do a lot of woodworking making small things like letters and such.He is survived by his sister, Darlene Baechle of Bradenton, FL and brother, Marlin (Julia) Siebert of Batesville, along with many nieces, nephews and cousins.Visitation will be Tuesday, August 25, 2020 from 11-1pm with a 1:00pm funeral service all at Meyers Funeral Home in Batesville. Pastor Creighton P. Leptak officiating.  Burial will follow in St. Paul Lutheran Cemetery with military honors by the Ripley County VFW Post #3183 and Prell-Brand American Legion Post #271.Due to the COVID-19 precautions, all attending are asked to wear a mask and follow proper social distancing protocol. If you are not feeling well, or if you have compromised immune system, you are encouraged to stay home.Memorials may be given to the ALS Association by bringing it to the services or mailing to Meyers Funeral Home, P.O. Box 202, Batesville, IN 47006.You are welcomed to leave a message at www.meyersfuneralhomes.com on Leon’s obituary page for the family in the online guestbook.last_img read more

GPL contractor slapped with fraud charge

first_imgNeil Benjamin of Lot 254 Section C Enterprise, East Coast Demerara, a sub-contractor attached to the Guyana Power and Light Inc, appeared on Monday before Magistrate Judy Latchman to answer to yet another charge of fraud.He denied that between October 7, 2017 and February 28, 2018, he obtained $725,000 from Keisha Cameron by falsely pretending that he was in position to purchase for her a Toyota Allion motorcar, knowing same to be false.The prosecution is contending that on July 6, 2017, Cameron, in a conversation with the 52-year-old Benjamin, told him she wanted to purchase a used motorcar, and Benjamin reportedly advised her to purchase a new car instead, provided that she allowed him to take her to his auto dealer.Facts relate that the woman made a down payment of $170,000 to Benjamin, for which she was never given a receipt; and on two other occasions he allegedly collected from Cameron other monies totalling $725,000.The Prosecution’s case is that several months passed with the woman inquiring about the motorcar, only to be later told that Benjamin had never made any down payment for the vehicle.A report was made to the Police, and the contractor was arrested and charged.The Police prosecutor objected to Benjamin being placed on bail, informing the court that Benjamin had previously been charged for matters of a similar nature, for which he is presently before the court.Benjamin was, however, placed on $200,000 bail, and is expected to return to court on September 24.last_img read more