Norway founds pension panel to gauge success of 2011 reform

first_imgKristin Skogen Lund, CEO of media company Schibsted, has been named as the committee’s leader.“The main point of the committee’s work is that we want a pension system that is economically and socially sustainable and one that emphasises the value of being able to keep working,” Solberg said.The government said the committee had been given extensive duties – to evaluate whether the long-term goals of the reform had been able to be achieved, and to assess the need for adjustments that could ensure the financial and social sustainability of the pension system.The system should provide good pension levels, it said, while ensuring reasonable burden sharing both within each generation and between generations.“It is therefore important to stick to the main principles of the pension reform,” the government said in its announcement.The reform a decade ago was broadly aimed at increasing pensions flexibility while at the same time encouraging people to work longer.The new committee comprises representatives appointed by Norway’s political parties as well as professionals with specialist knowledge of pensions and public finances, the government said.Labour market interests would be involved via a council which would be established to follow the committee’s work and provide input, it said.Representatives of youth parties would also be invited to provide ideas, in order to make sure the younger generations were involved in shaping the pension system of the future, it added.Torbjørn Røe Isaksen, the labour and social affairs minister, said a pension system had to be predictable and long term, and it could take decades for changes to have full effect.“For this very reason, it is important to facilitate broad political settlements in pension policy,” he said.Besides politicians, the 12-strong committee includes four professors –  Ola Grytten of NHH Norwegian School of Economics in Bergen; Axel West Pedersen of the Institute for Social Research in Oslo; Ragnar Torvik of the Norwegian University of Science and Technology in Trondheim and Kjell Vaage, professor at the University of Bergen.To read the digital edition of IPE’s latest magazine click here. The Norwegian government has announced it is setting up a panel of politicial representatives and pension experts from various sectors, to investigate how successful the last pension reform was – and pinpoint new work that now needs to be done.Norwegian Prime Minister Erna Solberg said: “The pension reform is perhaps the most important welfare reform of recent times.”It was therefore crucial, she said, to evaluate whether the legislative overhaul was working as intended and consider whether any adjustments were now needed.The government has given the new pensions committee nearly two years to do its work, setting a deadline for its final report of March 2022.last_img read more

Is your suburb at risk of a bushfire this year?

first_imgUnderstanding your risk of bushfire is crucial for your safety and, on the extreme end, your survival. You should know both how bushfires will affect you, and what preparations you’ll need to make in advance of bushfire season.The first place for people to start is either the Queensland Fire and Emergency Services website says Superintendent James Haig of Queensland Fire and Emergency Services.“I’d recommend you hop online and take advantage of the tools we’ve created to assist,” says Haig.“Most important is to create your own Bushfire Survival Plan so you can make sure you and your loved ones are prepared for a bushfire if it does happen,” he says.“The plan includes useful information to help you understand your risk and what you can do to manage it, as well as simple processes to prepare a plan that is right for your situation.”“We also have a map system where people can enter their suburb or postcode and see the bushfire potential in their area.”What else can increase the risk of bushfires? Supt Haig suggested a few locality and property factors which are important to understand.Your property area’s population“Many people think it’s only rural areas that are at risk, but the reality is different,” he says. “People who live near the bush in city suburbs also have an element of risk from bushfires.“This includes some of the more populated areas that have bushland nearby, which creates a pleasant environment for recreation but also has a bushfire risk.”Even those living in outer-city suburbs are at risk of bushfires. Picture: Kate HunterIf you’re living in one of those areas, Haig says it’s important to take some steps to prepare your property, such as clearing gutters of debris, cleaning up your garden and ensuring there’s clear access to your property should emergency services need to visit.Your property’s proximity to bushland“In most cases we’d suggest people living within a few kilometres of bushland definitely have a Bushfire Survival Plan and take these preparations,” says Supt Haig.“Other areas further from the bush may be less at risk, but we still urge people to learn about bushfire and prepare a Bushfire Survival Plan. This is because they may travel to or through higher bushfire risk areas for work, school or on holidays. Also, the smoke from bushfires can travel long distances and can affect people even in very urban areas, especially if they have any respiratory conditions.”The type of land your property is onTake note of the type of land your property sits on when assessing its vulnerability. Picture: Kate Hunter“Generally speaking, people who live on sloping land with vegetation below need to take particular care because fires tend to increase in speed and intensity as they run uphill,” says Supt Haig.“Slope is a risk factor that people need to take into consideration when preparing their plans.”The current weather conditionsWeather conditions will play a big role in determining how at-risk you are. Bushfire season in Queensland usually runs from late August to the end of the year but can start earlier and finish later in difficult seasons.“The reason we call it bushfire season is that the bush tends to be drier and the weather patterns that create strong winds with dry air are more common than other times,” says Haig.“Those factors come together to increase bushfire risks on some days making bushfires easier to start, more intense and harder to control.last_img read more

Equinor Completes Increase of Interest in Johan Sverdrup

first_imgEquinor has completed the sale of shares in Lundin Petroleum and acquisition of further direct interest in Johan Sverdrup field.Equinor agreed to divest a 16 percent shareholding in Lundin for a direct interest of 2.6 percent in the Johan Sverdrup field and a cash consideration of around USD 650 million in July.Equinor and Lundin have now completed both parts of the transaction by meeting all transaction conditions, including government and regulator approvals.The first part, Sparebank1 Markets’ acquisition of around 54.5 million shares in Lundin Petroleum from Equinor, concluded in August and followed the approval of the transaction in Lundin Petroleum’s Extraordinary General Meeting.The second part, Equinor Energy’s acquisition of a 2.6 percent interest in the Johan Sverdrup field from Lundin Norway, concluded on August 30, 2019.last_img read more

FDA approves COVID-19 test kits developed by UP scientists

first_img The FDA issued a “certificate of exemption” that would allow the detection kits developed by the UP-National Institute of Health to be “used for field testing coupled with gene sequencing at the Philippine Genome Center.” “The increasing number of reported COVID-19 cases will require immediate diagnosis and monitoring,” FDA director general Eric Domingo said Tuesday. PHOTO BY ABS-CBN NEWS The Philippines currently has 4,500 testing kits and expects to receive 2,000 more from the WHO, he said. “The kits will provide our laboratories with technological reinforcement to accommodate the growing number of patients to be tested and aid in early screening of positive cases and will provide greater access to a less costly diagnostic procedure,” he added.center_img Health Secretary Francisco Duque earlier said there is a “global shortage” of kits for testing potential COVID-19 cases, quoting the World Health Organization. The WHO has “pre-qualified” testing kits developed by the University of the Philippines-National Institutes of Health, which appear to yield “accurate” results in 2 hours, said Duque./PN MANILA – The Food and Drug Administration has allowed the use of test kits for the detection of coronavirus disease 2019 (COVID-19) that was developed by a research center at the University of the Philippines (UP)-Manila.last_img read more

Mr. Pete Lowe

first_img Wilbur “Pete” Lowe, age 81, of Vevay, Indiana, entered this life on November 20, 1934, in Vevay, Indiana, the loving son of the late, Bryant and Addie Mae (Browning) Lowe. He was raised in Vevay, Indiana where he attended school. Pete was united in marriage on August 7, 1954, on Pleasant Ridge, to Carolyn Jean Scott and to this union arrived a daughter, Jerri to bless their home. Pete and Carolyn shared 62 loving years of marriage together until his death. Pete was employed as a toe puller for the US Shoe Factory in Vevay, Indiana, retiring in 1997, after 45 years of service. He was a member of the Florence Church of Christ in Florence, Indiana. Pete’s proudest family moments was the births of his grandchildren and great-grandchildren. Pete will be remembered for his love of woodworking and spending time with his family. Pete passed away at 4:15 pm, Saturday, November 12, 2016, at his residence in Vevay, Indiana.Pete will be dearly missed by his loving wife of 62 years: Carolyn Jean (Scott) Lowe of Vevay, IN; his daughter: Jerri Lowe of Titusville, FL; his grandchildren: Tracy Dickerson and his wife: Sara of Florence, IN, Erin Lynn Harsin and her husband: Jeremy of Bennington, IN and Kristen Dickerson and her husband: Lenny of Oak Hill, FL; his great-grandchildren: Bralen and Azalee Harsin of Bennington, IN, Jacob Dickerson of Florence, IN and McKayla Detloff of Oak Hill, FL; his twin sister: Wilma Hamamey and her husband: Dave of Cleveland, OH; his brother: Gayle Lowe of Largo, FL and his brother-in-law: Donald W. Allen of Vevay, IN.He was preceded in death by his parents: Bryant and Addie Mae (Browning) Lowe; his great-grandson: Joshua Detloff; his sisters: Norma Earl, Kay Risley, Thelma Jean Allen and his infant sisters: Janet Lou and Leona Lowe; his brother: Robert “Bob” Lowe; his sister-in-law: Janice Lowe and his brother-in-law: Tom Earl.Funeral services will be conducted Wednesday, November 16, 2016, at 11:00 am, by Mark Scott at the Haskell & Morrison Funeral Home, 208 Ferry Street Vevay, Indiana 47043.Interment will follow in the Vevay Cemetery, Vevay, Indiana.Friends may call 5:00 pm – 8:00 pm, Tuesday, November 15, 2016, at the Haskell & Morrison Funeral Home 208 Ferry Street Vevay, Indiana 47043.Memorial contributions may be made to the Florence Church of Christ or to Our Hospice of Southern and Central Indiana. Cards are available at the funeral home.last_img read more

Raise proposed for Franklin County workers

first_imgBrookville, In. — Franklin County officials plan to propose a five percent pay increase for all county employees. The increase would apply to all but a handful of highway department workers who would receive raises based commercial driver’s license and certification status.County council will consider the proposal during budget hearings on August 20.last_img

United Rebel Sprint Series opening weekend at RPM’s Classic Weekend

first_imgHAYS, Kansas – The 15th consecutive season for the Lucas Oil POWRi United Rebel Sprint Se­ries presented by Mel Hambelton Ford Racing kicks off in just three-short weeks as the tour will head to RPM Speedway in Hays, Kan., for a weekend doubleheader. Westhold Transponders and RACEceivers are required and the track is asking all teams compet­ing to pit in a group on the west side of the main pit area. There will be an open practice session for all cars Thursday, March 26 with pit gates opening at 2 p.m. and practice from 6-10 p.m. By David Smith, Jr., OKTidbits PR A huge car count is expected with drivers from Nebraska, Oklahoma and Colorado indicating their in­tentions on competing with their Kansas counterparts.center_img Set for Friday and Saturday, March 27-28, the annual Mike Hughes Sunflower Classic Memorial presented by Nutrien Ag Solutions will see both night shows paying $1,000 to win. IMCA Speedway Motors Weekly Racing National, E3 Spark Plugs Kansas State and series points will be awarded.last_img read more

THE YEAR IN PICTURES: Hancock County magic takes over Cross Insurance Center

first_imgBANGOR — No matter which Hancock County basketball team was competing on the Cross Insurance Center floor, the drama of tournament time was at its peak.Local teams delivered thrilling moments from the opening game, a 71-48 Ellsworth win over Mount Desert Island. That game saw the Eagles snap a streak of six straight double-digit losses to the Trojans, and the fun was only beginning.In the Class C boys’ ranks, one of the upsets of the year came courtesy of the Sumner Tigers, who got a basket from Colby Lee with one second left to top No. 1 Central Aroostook 54-53. The Class C bracket also marked the end of an incredible run for the George Stevens Academy boys, but not before GSA rolled past Calais and topped Mattanawcook Academy in overtime.On the girls’ side, MDI claimed the Class B North title with wins over Maine Central Institute, Winslow and Waterville before falling to Gray-New Gloucester in the state title game. The Trojans’ overtime win over Winslow in the regional semifinals came after Julia Watras hit a 3-pointer to tie the game as time expired in regulation.This is placeholder textThis is placeholder textIn Class D, the Deer Isle-Stonington girls made it all the way to the regional final despite missing their top scorer, Rylee Eaton. The Mariners eased past Ashland and handed Woodland its only Class D loss of the year before falling to Southern Aroostook.last_img read more

The Latest: 2 positives for virus in latest EPL testing

first_img___The Czech league restarted under strict conditions on Saturday.Teplice beat visiting Liberec 2-0 without spectators as the First League resumed after a 73-day stoppage. The teams entered the stadium separately and players were not allowed to shake hands or celebrate goals together.The restart was made possible after the government eased restrictions that contained the coronavirus outbreak. The Czech Republic has not been as badly hit by the pandemic as the likes of Italy, Spain, France and Britain. While the top tier, La Liga, can play from this date, it has already said it wants to resume play on June 12. It is unclear when the first games will be held.There has been no play in the top tier due to the coronavirus crisis since March 12. Teams have recently returned to training at club facilities, but with players practicing individually. Barcelona is top of the league with a two-point lead over Real Madrid after 27 of 38 rounds.___ The Tour of Denmark in September has been canceled because organizers feared the best Danish cyclists, at least, would be committed to the Tour de France on at the same time.The Tour of Denmark was originally in mid-August, and requested new dates from the International Cycling Union. The governing body moved the tour to Sept. 1-5.But the UCI also agreed to move the Tour de France to Aug. 29-Sept. 20.Denmark has been reopening schools, shops, restaurants, and churches in the last two weeks, but the border remains closed to foreigners, and tour organizers aren’t certain when they will reopen. The organizers also say they aren’t able to test all participants for COVID-19, and prevent crowds along the route.___ The league did not name the pair or the clubs, or say if they were players or staff.The league tested 996 players and club staff on Tuesday, Thursday, and Friday.In the first round of tests of 748 people, there were six positives from three clubs. All are in seven days of self-isolation.In the second round, the number of tests available to each club was increased from 40 to 50.___ Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___The English Premier League says two people from two clubs have tested positive for COVID-19 in the second round of testing. May 23, 2020 Jockeys and stalls handlers in Britain will be required to wear masks when horse racing hopes to resume next month during the coronavirus pandemic.The British Horseracing Authority is hoping to get government approval to return on June 1 for the first time since March.Completion of an online education module and screening of all participants before they can attend an event are among the initial protocols. They will include health-related questions and temperature checks before people are allowed to enter racecourses.Social distancing restrictions will be employed, along with face coverings for those likely to get closer than two meters, including jockeys, trainers, stalls handlers, stable staff and valets.The BHA is also planning an ongoing surveillance program to monitor the coronavirus, including some testing.center_img The Latest: 2 positives for virus in latest EPL testing Associated Press One player from league leader Slavia Prague and another one from Mlada Bolestav tested positive for the coronavirus in a mandatory initial round of testing and were quarantined. All the tests in the second round of testing were negative.The government allowed a maximum of 150 people at Teplice’s stadium on Saturday even though current restrictions limit gatherings to 100 people. That number will increase to 300 next week.Six rounds of games in the regular season and the playoffs remain in the league, which is scheduled to be completed by July 15.___The soccer league in Spain will be allowed to resume from June 8, Spanish Prime Minister Pedro Sánchez said Saturday. The coach of one of Florida’s top high school football programs has been suspended, and an investigation has been launched into whether the team that has won state championships in each of the past three seasons broke policies by practicing during the pandemic.Miami Northwestern High coach Max Edwards has been suspended, pending the result of the investigation, school district chief communications officer Daisy Gonzalez-Diego told The Miami Herald.The district says football practice at this time would be an “unauthorized athletic activity” and parents of players who may have taken part were being interviewed by school officials as part of the investigation.Northwestern won the Class 6A state title in 2017 and 2018 before winning the Class 5A championship last season. The Bulls are a seven-time state champion overall.___ More AP sports: and,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6last_img read more

Bravo says `honest discussion’ needed on contentious Windies first policy

first_imgPORT OF SPAIN, Trinidad  (CMC) – All-rounder Dwayne Bravo is anticipating an “honest discussion” between the new Cricket West Indies (CWI) leadership and players regarding the contentious ‘West Indies First’ policy, and has warned that finding a workable solution will be crucial to the future success of the limited overs side.A former one-day captain, Bravo, said the enforcement of the policy in recent years had marginalised key white ball players, and had ultimately led to the decline of the Caribbean side in both the Twenty20 and one-day formats.“They (CWI) cannot just continue to be hard masters to say West Indies First policy – it can’t work like that,” the 35-year-old told i95.5 FM in an interview Thursday.“It doesn’t make sense to demand these things on players. Players have opportunities now, it’s no longer West Indies First; it’s sit down, have an honest discussion, know what’s best. You guys (CWI) get back our services now and it’s only going to be better for West Indies cricket if we play.“And if we go down the road of West Indies First policy and we say ‘fine, we’re not playing’ then you see the results. For example, (look at) the one day team, they haven’t won a series going on five years. The last time the one-day team won a series was when I was captain of the team. “The T20 team, look at it now, after Darren Sammy is gone and removed – look at the state of West Indies T20 team. The T20 was our most dominant team and then look at the condition of West Indies T20 team now all because of the previous administration being vindictive and small-minded.“It’s not going to help Caribbean people, it’s not going to help Caribbean cricket. Everyone just needs to be smart and want the best.”The controversial policy, enforced under the last Dave Cameron-led administration, required players to participate in CWI domestic competitions, in order to be eligible for international selection. It was an attempt to force players to commit to West Indies duty over the lure of global Twenty20 leagues.However, the policy resulted in several of the region’s high-profile players being sidelined from international selection, and the weakening of the limited overs side.West Indies lie eighth in the ICC Test and ODI rankings are ninth in T20s – the format in which they are the reigning World champions.Bravo said going forward, it was essential that players and CWI strike the right balance between franchise commitments and international selection.“I already have contracts from now until 2021. There is a tournament in every country where cricket is played and I had a chat with Floyd Reifer who is the coach and let him know: listen, some of these series that are going to be played are obviously going to be clashing with these leagues,” Bravo said.“It’s going to be unfair for West Indies or the board to ask us to give up these contracts to come back and play; but we can give up a league to play a series but they also have to allow us to play couple leagues also. “They can’t expect us to cut our contracts. We have to find a balance where everyone is happy. It cannot be one-sided; it cannot be West Indies way or no way. We have to sit down as professionals and big adults.”The next 12 months will be crucial for West Indies as they prepare to defend their T20 world title next year in Australia in the event which runs from October 18 to November 15.last_img read more