Tata plans closure of UK’s British Steel pension fund

first_imgThe British Steel Pension Scheme (BSPS) is to close to new accrual, Tata Steel has told union representatives.Union GMB called Tata’s plan to close the fund “unnecessary and profoundly disappointing”, and said it was preparing a strike ballot.According to the union, the fund had £13.6bn (€17bn) in assets at the end of November last year, up from £12.6bn at the end of March. David Hulse, GMB national officer, said the union did not expect to find itself discussing closure to new accrual, following months of negotiations that got underway in November. “Throughout a long process, we have acted in good faith and negotiated constructively in trying to reach an agreement that addresses what we acknowledge to be a significant deficit in the scheme,” Hulse added.According to the fund’s most recent annual report from 2013-14, BSPS had a £1.1bn deficit in March 2013 when measured on an on-going basis.Hulse was critical of Tata’s plans to close the fund to new accrual.“We have made every effort to compromise with the company, even discussing the possibility of meeting the deficit through changes to member benefits, despite the fact the company is legally obliged to pay for the deficit and has always done so in the past,” Hulse said.“Sadly, the company rejected this offer out of hand. It appears they are hell-bent on closing the scheme and are not prepared to compromise.”He said the management of parent company Tata Steel Europe should “seriously consider their positions” after what he deemed a breakdown in trust between the scheme’s sponsor and its workforce.A spokesman for Tata said the company put forward changes to the defined benefits (DB) fund that would have balanced any changes across the entire workforce.“We believe the trade unions’ proposals to change member benefits would have unfairly disadvantaged younger scheme members, who would have had to bear most of the impact of the changes.He added: “We have been unable to come to an agreement that would have enabled defined benefit provision to continue and we will be consulting employees on a proposal to close the defined benefit scheme to future accrual.It is proposed that future pension provision will be on a defined contribution basis.BTPS is a DB scheme, with a standalone defined contribution arrangement launched in 2014.The DB section returned 1.6% over the course of the 2013-14 financial year, and 7.8% over the three years to 2014.last_img read more

Axis Scoops Two UK Clean Tech Awards

first_imgAberdeen’s Axis Energy Projects has won two national awards for its innovative Tension Leg Buoy technology that is being developed for deployment in the floating offshore wind sector.The Axis TLB is a substructure and mooring system that provides controlled stability, roll and pitch for wind turbines. It comprises a subsurface buoy that supports the wind turbine. The buoy is fixed, by tensioned tethers, to a modular gravity base anchor / foundation on the seabed.The TLB additional benefits are its off-site pre-cast fabrication, a relatively small seabed footprint, no need for piling or jack-up vessels and a simple decommissioning process. It also offers the potential for wave power.The two awards (wind and natural energy categories) were made at the Rushlight Show in London on January 30. Rushlight brought together cleantech developers with the investment community and businesses looking to source suppliers and partners.John Baross, founder and managing director of Axis, said: “It’s fantastic news that our technology has been recognised by an independent panel of experts at the Rushlight Show. It’s a great boost for the Axis team as we take forward our technology for commercial deployment in UK and overseas waters. We have used our experience and technical knowledge of working in the offshore oil and gas sector for 20 years to design the TLB™ for use in the floating offshore wind sector.”A 2018 study by Strathclyde University’s Department of Naval Architecture concluded that Axis’s Tension Leg Buoy technology, compared with other Floating Offshore wind concepts, “demonstrates better stability performance, flexibility in installation and transportation, reduced requirement for water depth, lowered tether/tendon tension fluctuation with free flooded central column and possibility of integrating a wave energy device to form a multi-energy complimentary system.”last_img read more

Tough love: psychology of Argentina’s Messi relationship

first_imgBuenos Aires, Argentina | AFP |Like neurotic parents, Argentines swung from criticism to unconditional love for their star footballer Lionel Messi this week, providing the soccer-mad nation’s many therapists with rich material for psychoanalysis.Fans’ frustration at the superstar’s missed penalty in Sunday’s defeat to Chile in the Copa America Centenario soon gave way to panic as he vowed to quit the national team ahead of the 2018 World Cup.As fans online pleaded “Leo, don’t go,” psychologists, neurologists and philosophers appeared on chat shows and published newspaper columns to analyze the hero’s motivations and help the nation cope.To judge by the past criticism Messi has received, having a player widely rated as the best in the world is not enough for Argentines.They also want him to win — as Diego Maradona did at the World Cup in 1986.Now they have started to ask themselves whether they are too demanding.President Mauricio Macri said Tuesday that Lionel Messi was “God’s gift” to the country and it should “take care of him.”One school teacher became a minor celebrity when she sent an open letter to the player which was read out on television.“Please don’t give up,” wrote the teacher, Yohana Fucks — a not-uncommon surname in Argentina.“Don’t make people think that all we care about in this country is winning and being first.”Football idolatryAndres Rascovsky, former president of the Argentine Psychoanalytical Association, links the country’s intense sporting passions to its dirty politics. “Argentines need idols,” he said.That desire stems from “the humiliation and denigration of the masses by the politicians,” Rascovsky added.“That generates a need for them to redeem themselves through sporting heroes like Maradona or Messi.”The provocative extrovert Maradona “is more identified with transgression and omnipotence,” Rascovsky said.That exuberant spirit is epitomized by what Maradona called his “Hand of God” goal against England at the 1986 World Cup.“The Hand of God was a goal of transgression, a false goal scored with the hand which in a spirit of idolatry was elevated to the status of the divine,” Rascovsky said.The nation’s relationship with Messi is different, however.“A lack of decent values causes a lot of Argentines to identify with the transgressive omnipotence of Maradona,” said Rascovsky.“On the other hand, Messi comes across as a more modest, normal personality.”Maradona himself recently accused Messi of having “no personality.” But he too threw his support behind Messi after he vowed to quit, urging him to stay.“I knew him when he was a kid,” said Enrique Dominguez, who coached the young Messi at Newell Old Boys football club.“He is very sensitive though his face doesn’t always show it.”Share on: WhatsApplast_img read more

UPDF unveils Gadafi football club in Jinja

first_imgGadafi football club unveiled in Jinja district on Friday.Jinja, Uganda | THE INDEPENDENT  | Uganda Peoples Defense Forces-UPDF officers attached to Jinja zone have unveiled Gadafi Football Club. The football club with a squad of three soldiers and 22 civilians was unveiled at the Speke Courts Hotel in Jinja district on Friday. Lt. Col Ivan Lwanyaga, attached to the Senior command and staff college, Kimaka, who doubles as the club’s patron says the team is a link between the force and the neighboring community. “This club is for both UPDF and the general public, because it will act as a link aimed at strengthening our already existing relationship in ensuring peace for our communities,” said Lwanyaga.He adds that the team is a partnership between civilians and selected officers who have agreed on using it as a tool to advocate for physical fitness and having healthy diet among the youth.  On his part, Lt. Edrine Ochieng, the team’s president says the club has progressed from the lower division to regional level. He further says that their target is to play in the Fufa Big League next season. “Football is our main platform for inspiring the youth.  We are therefore working hard so as to progress to the Big League which will attract more public involvement in our club led activities in the community,” he says.******URNShare on: WhatsApplast_img read more

Body found in lake where “Glee” star disappeared

first_imgThe Ventura County Sheriff’s Office is reporting that investigators have located a body in the lake where “Glee” star Naya Rivera went missing.The actress disappeared on Wednesday after renting a boat to go on an excursion with her 4-year-old son.Video of the day showed Rivera and her 4-year-old son getting onto a boat and then going out onto the lake.Her 4-year-old was later found alone on the boat, while Rivera was no where to be found.After several days of searching the area authorities changed their rescue mission to a recovery mission presuming Rivera may have drowned in the lake.While authorities have not determined whether the body found on Monday is Rivera, they did report that the discovery was made in the area of search at Lake Piru.The Sheriff’s Office plans to hold a press conference about the discovery at 2 pm local time (5 pm. ET.)last_img read more

Student bleeds after ‘wild cane’ beating by teacher

first_img– at private school in BerbiceBy Andrew CarmichaelA student attending a private school on the Corentyne in East Berbice, Region Six, was forced to seek medical attention after reportedly being whipped several times on different parts of the body until he bled.Shazan Khan, a first form student of the Berbice Islamic School at Tain, Corentyne, was given an injection and other medication at the Port Mourant Hospital on Monday afternoon after a beating he allegedly received from a teacher at his school earlier in the day.This shirt belonging to the schoolboy became bloodstained allegedly after the beating he received from his teacherIn the presence of his brother-in-law, Khan told Guyana Times that he was beaten and called “an animal”.According to him, he had lent his homework exercise book to a friend to copy his working when a teacher (name given) took the book away and threw it out of the classroom before asking Khan for his homework assignment.“I ask him why he throw my book outside, and then he did not answer. Then he go in the office for the ‘wild cane’, came back and asked me for my homework, and I told him, ‘Sir, how can you ask me for my homework when you throw my book outside?’ then he start beat me all over my skin with the wild cane,” the student related.Khan showed this publication a bloody shirt, which he said was soiled when he started to bleed from the lashes he had received. He also showed marks on his shoulder, while relating that several students, he being one, were chewing gum while in the classroom, and they were told to go and empty their mouths.“He tell me to go and empty my mouth; that I chewing like a goat; and I tell him that he don’t have the right to call me a goat, and he tell me to get out of the class.”According to Khan, who also gave the police a statement on the incident, he told his teacher that he was going home to inform his parents what had transpired, and the teacher held on to him and physically assaulted him. Thereafter, he was taken to the office.“Then he want to give me six (lashes with) the wild cane, and I told him, ‘No, you can’t beat me with the wild cane. Let me go home and tell my parents’,” Khan detailed.Khan’s brother-in-law, Gladwin Abdulla, said the matter has been reported to the Prime Minister’s Office. He said what was done to Khan was inhuman, and he is seeking to take legal action against the school. The matter has been officially reported at the Whim Police Station.The teacher at the centre of this allegation is a retired Education Officer with the Department of Education in Region Six. It was not clear up to press time whether the teacher has been questioned by the Police.last_img read more

Draymond Green video prompts ethics complaint; BART to pay $7,500 fine for Measure RR campaign violations

first_imgSACRAMENTO — BART will have to pay a $7,500 fine for illegally using taxpayers’ money on YouTube videos and social media posts to promote its $3.5 billion bond, Measure RR, state regulators said Monday in a preliminary ruling.State law prohibits public agencies from using public funds to campaign for any candidate or ballot measure, though they can provide factual information. Using public resources to express advocacy or opposition, however, qualifies as “an independent expenditure,” which …last_img read more

Jalen Green posterizes 7-foot-2 Kai Sotto again

first_imgMANILA, Philippines–It was déjà vu all over again on Wednesday after Jalen Green, the prolific Fil-American guard, put the 7-foot-2 Kai Sotto on another poster in the 2019 NBTC League National Finals.ADVERTISEMENT View comments READ: Jalen Green puts Kai Sotto on a poster: ‘I just want to put on a show’But as if it still wasn’t enough, the 6-foot-5 Green got a steal on the next play then flushed home a two-handed slam off a lob.Green, who is the top US high school recruit in the 2020 class, dunked on Sotto during the same tournament last year. The only difference was, his latest poster had a little more emphasis.ADVERTISEMENT Wintry storm delivers US travel woes before Thanksgiving Trump tells impeachment jokes at annual turkey pardon event LATEST STORIES PBA: Alaska arrests skid, trumps Meralco to keep playoff hopes alive Don’t miss out on the latest news and information. Bloomberg: US would benefit from more, not fewer, immigrants Colombia protesters vow new strike after talks hit snag Miguel Romero Polo: Bamboo technology like no other SEA Games hosting troubles anger Duterte Green, who just seemed to have Sotto’s number, blew past his defender before exploding to the rim from the left baseline and threw down a nasty one-handed dunk over the Ateneo star in the second quarter of the game between FilAm Sports and the Blue Eaglets.JALEN GREEN POSTERIZES 7’2 KAI SOTTO! 😱 @JalenRomande #NBTConESPN5 #MadnessInMOA pic.twitter.com/6mFLn3oCSWFEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logistics— ESPN5 (@Sports5PH) March 20, 2019 PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss MOST READ Sports Related Videospowered by AdSparcRead Next For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. Private companies step in to help SEA Games hosting Google Philippines names new country directorlast_img read more