Archives: ekyaaglzf

Taiwan Military Deploying Anti-Ship HF-3 Missiles on its Warships

May 4, 2021 | By admin | No Comments | Filed in: ekyaaglzf.

first_img View post tag: military Share this article View post tag: its A local newspaper reported on Monday that the military had begun deploying locally developeda anti-ship missiles on its warships in anticipa…(taipeitimes)[mappress]Source: taipeitimes, May 12, 2011; View post tag: Warships View post tag: Anti-ship Back to overview,Home naval-today Taiwan Military Deploying Anti-Ship HF-3 Missiles on its Warships Taiwan Military Deploying Anti-Ship HF-3 Missiles on its Warships View post tag: Missiles View post tag: Navy View post tag: Taiwan May 12, 2011 View post tag: Deploying Equipment & technology View post tag: HF-3 View post tag: Naval View post tag: News by topiclast_img read more

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Finding a shared future

January 26, 2021 | By admin | No Comments | Filed in: ekyaaglzf.

first_imgSouth Bend Mayor Stephen Luecke clearly recalls meeting with University President Emeritus Fr. Edward “Monk” Malloy on campus about 15 years ago when he first stepped into the role of mayor of South Bend. It was the first of many meetings between Luecke and University officials that would define a decade and a half of collaborations on projects such as Innovation Park and Eddy Street Commons. It was the new mayor’s first access to a relationship with Notre Dame that would be sometimes challenging and often rewarding. “There were some bumps in the road from time to time,” Luecke said, specifically noting debate about whether to pass an ordinance to ban off-campus student parties in 2007. “But that provided some other opportunities for discussion that led to positive relations and finding ways to work through issues and understand different points of view.” Luecke, who has been mayor of South Bend since 1997, announced in December that he would not run for reelection next year. He is the longest-serving mayor in South Bend’s history. The mayor has led South Bend through inaugurations of two University presidents, two presidential visits to Notre Dame — Barack Obama in 2009 and George W. Bush in 2001 — and numerous debates over the years about the town-gown relationship. Luecke’s 14th-floor office in the County-City Building offers a sweeping view of the city, with the tower of Le Mans Hall at Saint Mary’s just visible to the north. He doesn’t interact with University officials on a daily basis, but collaboration is frequent, Luecke said in an interview in his downtown South Bend office. “Over the years, the relationship has strengthened and developed,” he said. With a change of city leadership coming, the University will be closely watching coming elections, said Tim Sexton, Notre Dame’s assistant vice president for Public Affairs. “The primary election, scheduled for May 3, will be very interesting,” said Sexton, who acts as the University’s point person for communication with the city. Several joint ventures, such as work with the Robinson Community Learning Center, Innovation Park and the Northeast Neighborhood Revitalization Organization, give the University reason to quickly begin a relationship with the incoming mayor, Sexton said. “There will be a learning curve, regardless of who is elected mayor, there are simply too many exciting projects and initiatives occurring for a person to wrap their hands around everything,” he said. Luecke said research facilities Innovation Park and Ignition Park stand out as one of the most prominent projects he has tackled as mayor. The University and the city first started collaborating in 2004 on the research parks to bring business to the local economy. Innovation Park is funded by multiple sources, including federal, state and local governments, the University and private donors. The Park, which opened in the fall of 2009, offers office and lab space for research ventures and start-up companies. Sexton said it is currently about 60 to 65 percent occupied with 30 tenants. Companies that develop successfully in Innovation Park can move to Ignition Park, the city’s partner research facility. Luecke recently announced that a company based in Innovation Park will graduate to Ignition Park. “We know that we won’t capture every company that succeeds and grows from Innovation Park, but if we get a few, that’s great,” Luecke said. “It is certainly our goal to capture as many companies as possible.” Luecke also notably worked with the University on building Eddy Street Commons — a project that initially sparked fears in some about Notre Dame expansion into the Northeast Neighborhood. “There were certainly some tensions at times, and worries by some neighbors that the University is expanding and going to eat up neighborhood,” Luecke said. After conversations among city officials, the University and neighborhood residents about the scope of the Commons, the city and University moved forward on developing the center of restaurants, retail and apartment complexes, which opened in 2009. The University also partnered with the city, the South Bend Clinic, Memorial Hospital of South Bend and Saint Joseph’s Regional Medical Center in the Northeast Neighborhood Revitalization Organization (NNRO) to further develop the Northeast Neighborhood, just south of Notre Dame’s campus. The NNRO works to rehabilitate homes in the neighborhood. Many house Notre Dame faculty, and about 30 percent are subsidized for moderate-income families, Luecke said. “I think that worked well in terms of satisfying some concerns resident had,” Luecke said. After 15 years, Luecke said he is ready to step down from his role. “I couldn’t really commit the energy to it for another four years,” Luecke said. “As much as I love the job, it’s a draining job.” He hasn’t yet decided what to do after he finishes his last term as mayor of South Bend, but without a campaign to split his focus, he hopes to spend the rest of his time finishing several initiatives and preparing the office for new leadership. “It’s exciting, but a little anxiety producing,” Luecke said. Governing a city that houses a major university was educational, he said. “There are challenges associated with having strong university presence,” he said, “like the town gown relationships, developing partnerships, finding common ground as university and a community. “But I think we did a great job of finding a shared future vision.”last_img read more

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The German Transition Model

December 31, 2020 | By admin | No Comments | Filed in: ekyaaglzf.

first_img FacebookTwitterLinkedInEmailPrint分享Scientific American:Zollverein is a symbol of Germany’s transition away from fossil fuels toward renewable energy—a program called the Energiewende that aims to have 80 percent of the country’s energy generated from renewables by 2050. That program has transformed Germany into a global poster child for green energy. But what does the transition mean for residents of Essen and the rest of the Ruhr region—the former industrial coal belt—whose lives and livelihoods have been dramatically altered by the reduced demand for coal? The answer to that could hold some useful lessons for those undergoing similar transitions elsewhere.Spanning roughly 1,700 square miles (2,700 kilometers), the Ruhr Valley lies in the state of North-Rhine Westphalia, made up of 53 cities that came to depend on coal mining when it reached an industrial scale in the 1800s. At their height in the 1950s, the mines employed about 600,000 workers, entwining the region’s identity with coal.“Coal runs through my whole life,” says Spahn, whose grandfather, father and two sons were miners, too. But in the 1970s, as cheaper coal imports from other countries began to outcompete German production and drive down the price of domestic coal, it became unsustainable for the government to keep subsidizing the mines. At the same time, an appetite for green energy began in the 1970s, driven forward by a wave of anti-nuclear sentiment in Germany that gathered force after the Chernobyl nuclear disaster in 1986. And so, the phaseout of coal began.Today, only two hard coal mines remain, and in 2018 they’ll both be shut down. Germany continues to import hard coal from other countries for a substantial portion of its energy production—another habit it’s trying to kick, in line with its 2050 renewable energy target. The country also still extracts soft brown coal called lignite from hundreds of open-pit mines across the country. However, with the federal elections coming up in September, the phaseout of lignite is on the political agenda. Such a move would cost another several thousand jobs in the Ruhr alone—forcing the government to consider how to achieve a fair and final phaseout, and the role of renewable energy in that.The move away from hard coal has left a lingering legacy in some cities, where unemployment can exceed 10 percent. Still, overall it “was really a soft and just transition,” says Stefanie Groll, head of Environmental Policy and Sustainability at the Heinrich Boll Foundation in Berlin. “In the Ruhr area, union representatives and local politicians worked out a plan to compensate and requalify people who worked in the coal industry,” she says. For families like Spahn’s, it was a success: under pressure from the labor unions, the mines where his sons worked launched a proactive campaign in 1994 to train employees for different careers. “My one son is now a professional security guard and the other is a landscaper,” he says.The mines themselves have even become a cultural stage. A museum and gallery at Zollverein attracts over 250,000 visitors a year, and several other mines host music concerts, food and cultural festivals. In the nearby city of Bochum, an old industrial plant—now the site of the German Mining Museum—is surrounded with stately homes flanked by lush gardens. The change hasn’t gone unnoticed; the Ruhr was officially named Europe’s cultural capital in 2010.The Ruhr also has become attractive for businesses to invest. Zollverein, like many former mines, is now also home to several businesses. Artists, jewelry designers, choreographers, design firms and tourism companies are just a sampling of those who have made the trendy industrial space their home.In Gelsenkirchen, locals experience some of the highest unemployment rates, hovering around 15 percent. The city’s quiet streets betray signs of economic struggle, with many businesses boarded up. But since the 1990s, it has been trying to revisit its former industrial prosperity with the Science Park, a hub for regional business, which lies on the site of a former coal-powered steel plant. The building’s glass facade looks over a manmade lake flanked by rolling lawns, and its roof is outfitted with 900 solar panels that generate roughly one-third of the building’s electricity.“Gelsenkirchen was called the city of a thousand fires. It became the city of a thousand suns,”—a nod to the solar roof, and green energy technologies being developed at the park, says Hildegard Boisserée-Frühbuss, project manager at the park’s EnergyLab, a experimental laboratory that educates local students about renewable energies. The building now houses 51 businesses—mostly focused on science, technology and renewable energy development. Boisserée-Frühbuss spends her time working with local colleges and schools to give the youth exposure to these fields, in the hopes that they’ll be inspired to find employment there. “Once it was a steel foundry. Now the Science Park is a thinking factory,” she says.With the move toward renewables, how much the Ruhr will benefit—having sacrificed so much toward this clean energy goal—has become a primary focus. Some 330,000 people work in the renewable sector in Germany; 45,000 of those are in North-Rhine Westphalia—and that will grow, predicts Jan Dobertin from the National Association of Renewable Energies in North-Rhine Westphalia, known as LEE NRW. “The Ruhr region is now one of the biggest providers of green economy products and services, such as efficiency technologies, recycling or renewable energy,” Dobertin says. LEE NRW works with regional energy companies to build better political frameworks for integrating renewables in the Ruhr. “Our argument is that the renewable energy sector is much more employee intensive than [fossil fuels],” he says. A recent poll of Ruhr residents carried out by LEE NRW suggests that they have the public on their side: 64 percent of those polled want renewables to be a priority for the state government of North-Rhine Westphalia.In keeping with this trend, just outside the small city of Bottrop a plant called Prosper-Haniel—one of the two last hard coal mines in Germany—has become the frontline of a renewables experiment. Ahead of its closure in 2018, a consortium of local universities, consultants and mining operators are exploring the chance to turn the plant’s deep mine shaft into a hydroelectric storage facility. The plan is at a preliminary, exploratory stage, cautions André Niemann from the University of Essen-Duisburg, who is coordinating the research team. But if it works, it could store and provide power for over 400,000 local homes. He’s motivated by the chance to revive the industrial landscape he grew up in. “The question will be, what did we do to give the region back to the people?” he says.More: Germany’s Transition from Coal to Renewables Offers Lessons for the World The German Transition Modellast_img read more

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Tioga County receives 10,000 masks to be distributed for free

December 8, 2020 | By admin | No Comments | Filed in: ekyaaglzf.

first_imgThe Tioga County Office of Emergency Services says the masks were donated by FEMA through the New York State Division of Homeland Security Office of Emergency Management. (WBNG) — Tioga County will distribute 10,000 cloth face masks to its residents. A list that names the sites will be released later. The Tioga County Office of Emergency Services says it will establish distribution sites for the free masks throughout the county. To find out where you can donate additional masks, click here.last_img

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Daily Kos Elections 2020 downballot liveblog thread #7

November 20, 2020 | By admin | No Comments | Filed in: ekyaaglzf.

first_img– Advertisement – Wednesday, Nov 4, 2020 · 5:07:13 AM +00:00 · David Nir Thank you all for joining us tonight. As of midnight, the results of many of Tuesday’s ​elections remain unclear, se’re going to call it a night so and come back first thing in the morning. Daily Kos Elections will continue to track the developments in all uncalled races on our site​, in our daily newsletter, and on Twitter​. You can also bookmark our cheat-sheet of key races​ that we’ll keep updating until every race is decided. We’ll catch you on the flipside! Wednesday, Nov 4, 2020 · 5:05:20 AM +00:00 · David Jarman FL ballot: One other ray of sunshine from the Sunshine State: the state has passed a ballot measure increasing the state minimum wage, by a 61-39 margin. FL ballot: An important ballot measure in Florida has failed: a proposal to switch to a Top 2-style primary, a la California and Washington. It leads 57-43, but needed 60% for passage, under Florida law. Guides: Poll Closing Times • County Benchmarks • Hour-by-Hour GuideKey Races: Senate • House • Legislative Chambers • Ballot Measures • RedistrictingCheat-sheets: Key Race Tracker • Legislative Cheat-sheetWednesday, Nov 4, 2020 · 5:01:23 AM +00:00 · David Jarman – Advertisement – Follow: Daily Kos Elections on TwitterResults: Live Map • All Races (use dropdown)- Advertisement – – Advertisement –last_img read more

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Draft proposal for a new Law on Islands presented

November 18, 2020 | By admin | No Comments | Filed in: ekyaaglzf.

first_imgToday, in the municipality of Preko on the island of Ugljan, the 18th session of the Island Council was held, at which the Ministry of Regional Development and European Union Funds presented a draft proposal for a new Law on Islands. By the way, the Island Council is an advisory body to the Minister of Regional Development and EU Funds whose task is to create advice, opinions and proposals in the process of adopting acts concerning the implementation of measures and activities related to the overall sustainable development of the island.At the beginning of the session, Assistant Huzak presented the Draft Report on the Impact of the Implementation of the Islands Act in 2016 and stressed the importance of investing in the island’s sustainable development and supporting island self-sufficiency by redefining the strategic commitment to islands and developing new instruments. State Secretary at the Ministry of the Sea, Transport and Infrastructure Maja Markovčić Kostelac commented on the most important components of investments in 2016, namely transport connections and infrastructure.As part of the second item on the agenda, Minister Žalac presented to the members the text of the Draft Proposal of the new Law on Islands and announced, among other things, a new approach to defining island development and strategic planning for sustainable island development in accordance with the concept of “smart islands”. Parliament on the special situation of the island. In addition, the new Act will extend the use of the Island Card, which would, in addition to the existing measure of preferential transport in maritime coastal liner shipping, enable the inclusion of all other measures related to the island population, such as subsidizing water supply, public island road transport and small economy.Minister Žalac emphasized that in parallel with the development of the new development index, the Ministry is introducing a separate development index that will refer to the islands “island development index”, precisely because of the special situation of Croatian islands, and added: “Since according to the existing development index, many local governments on the islands are not able to apply for projects for co-financing with EU funds, the Island Development Index, including additional development indicators, will show a more realistic level of development, which will open many new opportunities for financing sustainable projects. development. “At the end of the session, the business plan of the Administration for Islands in 2018 was presented. The mentioned Administration, which was established in the Ministry of Regional Development and European Union Funds by the Government Decision on May 4, 2017, according to projections for next year, will make about 140 million kuna available to islanders from the state budget through a number of measures such as financing small capital projects. local self-government unit, water supply of the island, encouragement of the island’s public road transport, encouragement of the island economy as well as the promotion of the traditional economy through the Project “Croatian island product” and support to island associations.The key task of the Island Administration in the coming years will be to strengthen cooperation with the Managing Authorities of the Operational Programs of the European Structural and Investment Funds for the purpose of efficient use of available EU funds for projects on Croatian islands.Awarded label of origin and quality for 141 island productsFor 11 years in a row, the Croatian Island Product (HOP) project has been encouraging island producers to produce original and quality island products that are the result of the island’s tradition, research and development, innovation and invention, thus making their quality measurable. The project is focused on sustainable island development with the aim of reducing island depopulation and encouraging and reaffirming traditional and innovative island production and includes 279 island producers from 24 Croatian islands and the Peljesac peninsula and thus includes 880 products and production lines. HOP-labeled products contribute to the promotion of the identity of Croatian islands and Croatia as top tourist, gastronomic and ecological destinations around the world, but also on the domestic market. Minister Žalac addressed the audience and emphasized: “Precisely because the HOP project is fully rounded and elaborated to the smallest detail and works excellently, it is possible to apply it in other Croatian regions. Slavonia, which has been neglected for many years, will also have the opportunity to brand its indigenous products, following the example of you, the islanders.”She added that she hopes that soon each part of the Republic of Croatia will have its own label of tradition and quality and will be recognized throughout the world. Prior to the award of the HOP label, Minister Žalac in the municipality of Preko officially opened the project of sustainable development of the Municipality called “Adventure Island”, which the Ministry co-financed in the amount of 1.130.000,00 kuna and Sister. The Minister emphasized the importance of this project in order to improve and encourage the development of the local community in the municipality of Preko, because investing in infrastructure opens the possibility of extending the tourist season, branding the island of Ugljan as a destination for sports, recreation and cultural tourism. to return to the island after finishing school.last_img read more

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Australia’s wackiest tenant complaints

October 6, 2020 | By admin | No Comments | Filed in: ekyaaglzf.

first_img‘KEEPING the cutlery sharp’ isn’t something you’d find in your standard lease agreement, but common sense hasn’t stopped some tenants from making insane complaints. The rules around renting a home can be confounding, but some tenants are known to ‘try their luck’ and demand some pretty wacky stuff.Simon Hampel, founder of property investor website, said a recent forum thread caught his eye.Mr Hampel said in most cases with over-demanding tenants, it’s a matter of inexperience.“Some of those people are naive – maybe they’re young and inexperienced or maybe they’ve never been responsible for the upkeep of a property themselves and don’t really understand how much things cost or what’s reasonable to expect.”Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:23Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:23 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenClose Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Passive aggressive notes! The truth about share houses…02:23 Related videos 02:23Passive aggressive notes! The truth about share houses…01:57Save on rent but still live close to the CBD01:54VIC rental legislation changes: What does it mean for you?01:08Flatmates wanted! Top 10 hottest suburbs 01:35Renting in Australia: issues faced by tenants02:09Rental AffordabilityMr Hampel said landlords aren’t immune from being unreasonable either.“In my experience, sometimes the owners are just as problematic – demanding unreasonable things from their tenants.“It’s about balance – all parties need to understand their rights and responsibilities and it’s in a landlord’s best interest to maintain their property to a reasonable standard to minimise tenant churn – but they also need to manage their costs. This is an investment after all.”However, even the most reasonable landlord might find a few of these posts from PropertyChat members hard to swallow:“My tenant complained to me about the loud ping of the microwave in the apartment next door. Yup.”“I manage one of our i.p.’s (investment properties) and got a request a couple of months back. ‘Can you come and sharpen the knives as they are not sharp anymore?’ It seems the tenants aren’t either.”“Last year a tenant sent one of our landlords an invoice for $250 – a restaurant bill for a family of 4 including drinks. All had roast. The reason: the oven was not working and they HAD to have roast dinner on the weekend. The stove top was working.”“Tenants complained house had too many flies, it was an 80 year old house in regional Vic.”“Tenants insisted on removing ‘old cupboard’ (Art Deco Stained Glasss) in the kitchen, then complained about lack of storage.”“My best one, so far, was the Cairns tenant who complained the rain came in when the window was open.”“Not one of mine but I read online: Tenant complains of dripping tap after hours, PM deems as non urgent so files it away for the morning. Tenant gets aggravated by the sound, abuses PM says its keeping her kids awake, tenant calls an after-hours plumber themselves threatening to forward the bill. Plumber gets there – turns out the sound is not from the tap, but someone left their electric toothbrush switched on inside the vanity cupboard.”More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours ago“Tenant threatening to sue the owner for not having access to her back yard due to bindies …”“My (overseas student) tenants complained that the smoke alarm wouldn’t turn off. Property is just around the corner. I go over, smoke alarm is still going off 15 minutes later. Took it down, noticing a wet patch on the ceiling. Water leak? No. Tenants got sick of it going off every time they burned their toast, so they would throw water at it to ‘cool it down’ and make it stop beeping. Water had fried the electronics. Lucky it wasn’t hard wired.”“Got an email the other day saying “my toilet has a voice of concern” We took that as meaning that the toilet was making noises. Lol Or maybe it was just ta (l) king sh**.”“Mum and dad are on a rural property and their neighbour has complained to their landlord that there are rabbits and wildlife coming into their yard! (They rent 5 acres of land).Their landlord forwarded an application for gun ownership.”Follow Kieran Clair on Twitter @kieranclairlast_img read more

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October 1, 2020 | By admin | No Comments | Filed in: ekyaaglzf.

first_imgJane’s Urban Transport Systems 1997-98Five ex-Soviet cities and Bamako, Mali, are the new city entries in the 16th edition of this illustrated annual. There are 12 industry sections featuring numerous additional companies, but there have also been many deletions. Detailed coverage of the bewildering variety of complete vehicles, components and electrical equipment for both rail and road vehicles is provided.ú235 from Jane’s Information Group, Sentinel House, 163 Brighton Road, Coulsdon, Surrey, Great Britain, CR52NH.Fax: +44 181 700 3751Syseca GlossaryThis bilingual (French/English) glossary of computer terminology is designed as a guide to the history and products of French company Syseca, which has supplied centralised control systems to a number of metro and light rail networks. It also serves as a general glossary of computing terms associated with engineering.Syseca, 66-68 avenue Pierre-Brossolette, 92247 Malakoff Cedex, France.Fax: +33 1 41 48 00 10Railway Trends 1997 (Canada)The 40-page (20 in English and 20 in French) fifth edition of Railway Trends published by the Railway Association of Canada provides basic statistics on Canada’s railways for the nine years to December 1996. Data is included for the new secondary railways which have been spawned by the sales of former CP and CN lines. Excluded are statistics for commuter passenger, CN and CP operations outside Canada and charges incurred by CN and CP’s recent restructuring.Railway Association of Canada,800 Boulevard René-Lévesque Ouest, Suite 1105, Montréal, Québec, Canada H3B 1X9. Fax: +1 514 879 1522last_img read more

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ECB to blame for declining funding in German schemes, says Towers Watson

September 29, 2020 | By admin | No Comments | Filed in: ekyaaglzf.

first_imgLow interest rates have pushed Germany’s corporate pension plans to historic funding lows, despite returns remaining stable year-on-year. The funding levels of schemes operated by listed German companies have fallen to similarly low levels as during the last trough in 2012 because of ever shrinking discount rates.Over the last year, the Rechnungszins – the discount rate applied to pension obligations – has dropped by 155 basis points to 2.1%, while three years ago it still stood close to 5%.Companies listed in the German DAX index, many of which still have DB plans in place, saw their liabilities soar by 29.1% from €303bn to almost €392bn, Towers Watson noted as it released the result of its latest German Pension Finance Watch report. Thomas Jasper, head of retirement solutions at Towers Watson Germany, placed the blame for the increase the with the European Central Bank (ECB)..“The reason for the existing pressure on pension liabilities can be put into two words: Mario Draghi,” he said.The retirement expert stressed the ECB’s “ultra-loose monetary policy” indirectly led to higher costs for occupational pensions which in turn was “directly and considerably straining the company’s equity”.Funding levels at the DAX companies deteriorated by 108 basis points last year, reaching 54.5% at year-end 2014.But Jasper stressed while the low interest rate policy placed a burden on companies, it was not ”endangering occupational pensions” as payouts from these plans were often not due for years or even several decades.Further, returns from assets in these pension plans amounted to 10.2% for the full year which together with additional contributions from employers meant a 7.7% increase in plan assets for DAX-listed companies to €213.5bn.According to Towers Watson it was to be expected that companies made “further unscheduled payments” to their pension plans which would mean assets actually exceed the figure projected by the consultancy based on earlier statistics.Jasper explained that over the medium to long-term increasing interest rates could be expected and added there were “additional safety mechanisms” in place at the pension plans to safeguard pension payouts.There are no pure DC plans in the German second pillar as all companies have to guarantee at least a minimum pension.Read more on how the German government is attempting to ease the fundning burden by reforming the occupational pensions sectorlast_img read more

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Morningstar to acquire ESG data firm Sustainalytics in full

September 29, 2020 | By admin | No Comments | Filed in: ekyaaglzf.

first_imgMorningstar is to acquire environmental, social and governance (ESG) research and ratings firm Sustainalytics in full, having today announced an agreement to buy the remaining 60% of shares it did not already own.Morningstar acquired a 40% ownership stake in Dutch-domiciled Sustainalytics in 2017.Announcing the new deal today, Morningstar said it would make a €55m cash payment at closing of the transaction, subject to certain potential adjustments, and additional cash payments in 2021 and 2022 based on a multiple of Sustainalytics’ 2020 and 2021 fiscal year revenues.Based on the upfront consideration, Morningstar estimated the enterprise value of Sustainalytics to be €170m. With the acquisition of the remaining shares, Morningstar said it planned to continue to invest in Sustainalytics’ existing business while also further integrating ESG data and insights across its research and solutions for all segments.“Modern investors in public and private markets are demanding ESG data, research, ratings, and solutions in order to make informed, meaningful investing decisions,” said Morningstar Chief Executive Officer Kunal Kapoor.“By coming together, Morningstar and Sustainalytics will fast track our ability to put independent, sustainable investing analytics at every level – from a single security through to a portfolio view – in the hands of all investors.”Sustainalytics CEO Michael Jantzi, said: “This new ownership structure will amplify our ability to bring meaningful ESG insights, products, and services to the global investment community and to companies around the world.”Sustainalytics offers data on 40,000 companies worldwide and ratings on 20,000 companies and on 172 countries.The transaction is expected to be completed in the third quarter of this year.To read the digital edition of IPE’s latest magazine click here.last_img read more

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