An Easy Solution To This Financial Problem Is A Balanced Budget Ordinance

first_imgAn Easy Solution To This Financial Problem Is A Balanced Budget Ordinance By City Council member Stephanie Brinkerhoff-RileyIt would place the onus on the Administration. They would be obligated to review expenditures and revenue as of June 30th and make a forecast as to expenditures and revenue through December 31st. If expenditures are outpacing revenue, the Administration would be obligated to reduce spending and divide it as evenly as possible over August through December. And do so with the inclusion of City Council or at least the Finance Chair.What they do now is close the books on all nonessential vendors in October or November. Bills submitted in these months aren’t paid unless essential, like Vectren, until January or February. They had so many bills in 2014 that they couldn’t pay them all in January and some got pushed to February of 2015. A friend of mine sold a trailer to the City in October and was not paid until February. The contract employee who runs the Rental Registry went 4 months without getting paid last winter.Forcing an analysis and forecast would theoretically pull spending in line with revenue and potentially get vendors paid sooner, while pushing fewer bills into the next budget cycle.As of June 30th of 2015, expenditures were outpacing revenue by about 5 million. We know that revenue in the second half of the year is less than revenue in the first half. Property tax collections in June run about 55% of the total collected, and the bulk of the City’s other revenue sources wind down in the coldest months- zoo admissions, pool receipts, permit applications, etc.Revenue was 43 million and expenditures were 48 million as of June 30th this year. The blue book for June doesn’t accurately reflect this, as Russ invested property tax receipts in the Hoosier Fund for 21 days, so selling those investments shows up as revenue- it’s a double entry. He and I went over actual numbers at the August town hall meeting. He said revenue for the year would be 79 million. So we have 36 million in revenue to collect and 31 million that can be spent. That’s a bit over $5 million a month for July through December. We could with the right ordinance, pace that out over the rest of the year.I don’t think I’m having an original thought, but I have not looked at other cities to see if they have an ordinance that can be modeled. What do you think?Stephanie Brinkerhoff-Riley3rd Ward City Council MemberPlease take time and vote in today’s “Readers Poll”. Don’t miss reading today’s Feature articles because they are always an interesting read. Please scroll at the bottom of our paper so you can enjoy our creative political cartoons. Copyright 2015 City County Observer. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without our permissionFacebookTwitterCopy LinkEmailSharelast_img read more

Press release: Class privilege remains entrenched as social mobility stagnates

first_img Dame Martina Milburn, Chair Alastair da Costa, Chair of Capital City College Group Farrah Storr, Editor-in-chief, Elle Harvey Matthewson, Aviation Activity Officer, Aerobility Jessica Oghenegweke, Project co-ordinator at the Diana Award Jody Walker, Senior Vice President at TJX Europe (TK Maxx and Home Sense in the UK) Liz Williams, Group Director of Digital Society at BT Pippa Dunn, Founder of Broody, helping entrepreneurs and start ups Saeed Atcha, Founder and Chief Executive Officer of Xplode magazine Sam Friedman, Associate Professor in Sociology at London School of Economics Sammy Wright, Vice Principal of Southmoor Academy, Sunderland Sandra Wallace, Joint Managing Director Europe at DLA Piper Steven Cooper, Chief Executive Officer C.Hoare & Co Our research suggests that being able to move regions is a key factor in being able to access professional jobs. Clearly moving out is too often necessary to move up. At a time when our country needs to be highly productive and able to carve out a new role in a shifting political and economic landscape, we must find a way to maximise the talent of all our citizens, especially those that start the furthest behind. Notes to editorsThe Social Mobility Commission is an advisory, non-departmental public body established under the Life Chances Act 2010, as modified by the Welfare Reform and Work Act 2016.It has a duty to assess progress in improving social mobility in the UK and to promote social mobility in England.The Commission board includes: Skills and living wage (chapter 6)49% of the poorest adults have received no training since leaving school, compared to 20% of the richest.Automation is also predicted to disproportionately impact low-skilled workers, whose jobs are most at risk of being automated.People from working class backgrounds are more likely to be paid below the voluntary living wage than those from more advantaged backgrounds (27% versus 17%).We recommend that government departments should become accredited voluntary living wage employers to include contracted staff.Katherine Chapman, director of the Living Wage Foundation, says: Further education provides alternative life chances for all 16 plus age groups. Consistent budget cuts have made it more difficult to provide opportunities for everyone. But as 75% of disadvantaged 16 to 19 year olds choose vocational education, the cuts represent a class-based segregation of the school system. Inequality is now entrenched in Britain from birth to work, and the government needs to take urgent action to help close the privilege gap, the Social Mobility Commission says today (Tuesday 30 April).The commission’s sixth comprehensive State of the Nation report looking at early childhood, schools, universities, further education and work reveals that social mobility has been stagnant for the last 4 years.Extensive analysis of new Office for National Statistics (ONS) data shows the wide gap in school attainment and income between the rich and the poor has barely shifted. Being born privileged still means you usually remain privileged.The better off are nearly 80% more likely to end up in professional jobs than those from a working-class background.Even when people from disadvantaged backgrounds land a professional job, they earn 17% less than their privileged colleagues.Dame Martina Milburn, chair of the commission, says: Dame Martina says: Chapter findingsEarly years (chapter 2)The research shows that the most disadvantaged families are least likely to be aware of or benefit from the offer of 30 hours free childcare.At present the offer is only given for 3 and 4 year olds when one parent works for 16 hours or more a week, but the middle classes benefit most.The commission calls on the government to extend the offer to all those parents working 8 hours per week as a first step to giving it to more low income families.The research also reveals that much of the childcare workforce is poorly paid and underskilled. A shocking 45% of child care workers are on benefits or tax credits.Farrah Storr, commissioner and editor-in-chief of Elle magazine, says: Key recommendations Schools, further education and universities (chapters 3, 4 and 5)Disadvantaged pupils start school years behind their peers in terms of attainment, but they can catch up with good schooling.However, the latest figures show a 14 percentage point gap at aged 11, rising to a 22.5 percentage point gap at 19.Twice the number of disadvantaged 16 to 18 year olds are in further education than in school sixth forms, but funding has fallen by 12% since 2011 to 2012.The commission calls for a significant increase in funding for all 16 to 19 year olds, and a special student premium for the disadvantaged.Increasing numbers of students from disadvantaged families are entering university, but they are more likely to drop out before they graduate.Five years after graduating, students who were eligible for free school meals were paid 11.5% less than their peers.Alastair da Costa, commissioner and chair of Capital City Group, says: social mobility has remained virtually stagnant since 2014. Four years ago, 59% of those from professional backgrounds were in professional jobs, rising to 60% last year in 2014 only 32% of those from working class backgrounds got professional jobs, rising marginally to 34% last year those from working class backgrounds earn 24% less a year than those from professional backgrounds, even if they get a professional job they earn 17% less than more privileged peers by age 6 there is a 14% gap in phonics attainment between children entitled to free school meals and those more advantaged by age 7 the gap has widened to 18% in reading, 20% in writing and 18% in mathematics only 16% of pupils on free school meals attain at least 2 A levels by age 19, compared to 39% of all other pupils twice the number of disadvantaged 16 to 18 year olds are at further education colleges compared to sixth-forms, and this segregation within the education system has risen by 1.2% since 2013 student funding for 16 to 19 year olds has fallen 12% since 2011 to 2012, and is now 8% lower than for secondary schools (11 to 15 year olds), leading to cuts to the curriculum and student support services that harm disadvantaged students graduates who were on free school meals earn 11.5% less than others 5 years after graduating It is vital that young people have more choice to shape their own lives. This means not only ensuring that they get better qualifications, but making sure they have an informed choice to take up an apprenticeship rather than taking a degree, to find a job which is fulfilling and the choice to stay where they grew up rather than moving away. Email [email protected] We know there is cross-party and widespread public support for the real (voluntary) living wage, but there are still cleaners, caterers and security staff, working in vital public sector jobs, who are struggling to get by. It’s time for our major public institutions to lead by example. the government should extend the eligibility of the 30 hour childcare offer by lowering the lower income limit of eligibility to those earning the equivalent of 8 hours per week, as a first step towards making it available to more parents the government should consider whether pupil premium funding is effectively targeted at supporting disadvantaged students, and whether differential levels of funding might benefit those with long-term disadvantage the government should increase per student spending in the 16 to 19 education budget by a significant amount within the upcoming spending review the government should introduce a student premium for disadvantaged students aged 16 to 19 that models the pupil premium in schools, with a goal of targeting funding and focus on raising attainment for disadvantaged students the Universities and Colleges Admissions Service (UCAS), working closely with the Office for Students (OfS), universities and others, should develop a system which displays all financial support (bursaries, scholarships and ad-hoc funds) available to undergraduates alongside their eligibility criteria universities should only make pre-qualification unconditional offers where it is clearly in the interests of the individual students to do so. In terms of widening access, universities should make more use of contextualised offers government departments should lead the way by becoming accredited voluntary living wage employers. monitoring progress on improving social mobility providing published advice to ministers on matters relating to social mobility undertaking social mobility advocacy Mobile 073848 70965 Other key findings To help address this inequality, the commission calls on the government to: extend eligibility and uptake of the 30 hour childcare offer to those only working 8 hours a week, as a first step to make it available to more low-income families raise per pupil funding by a significant amount for those aged 16 to 19, and introduce a new pupil premium for disadvantaged students in that age group become an accredited voluntary living wage employer so that government departments pay the voluntary living wage to civil servants and all contracted workers including cleaning and catering staff Social Mobility Commission Communications Team Extending the current 30 hours of free childcare to those who earn the equivalent of 8 hours rather than 16 hours per week will help those who need it most. The functions of the commission include:last_img read more

Oklahoma E coli outbreak grows to 291 cases

first_img The illnesses have been blamed on E coli O111, a much less common strain than O157:H7, the variety usually identified in outbreaks. Oklahoma officials have said they believe the outbreak is the largest one involving O111 ever reported in the United States. Most case-patients had eaten at the Country Cottage restaurant in the northeastern Oklahoma town of Locust Grove between Aug 15 and 17, the OSDH has said. The agency has not identified a specific food source for the outbreak, despite having interviewed more than 1,700 people. Health officials also were investigating a church event that was catered by the Country Cottage restaurant on Aug 16, the OSDH said in the Sep 12 update. At least 30 of 250 people who attended the event at the Bethany Free Will Baptist Church in Broken Arrow, Okla., reported they became ill with diarrhea or other, milder symptoms, the statement said. An OSDH official said last week that because investigators had not identified a specific food source in the outbreak, they suspected that a staff member who handled many foods at the buffet-style restaurant might have been infected and spread the contamination. Sep 15, 2008 (CIDRAP News) – The number of people involved in a restaurant-related outbreak of an uncommon strain of Escherichia coli has risen to 291, including 67 who were hospitalized, Oklahoma officials reported recently. Sixteen of the hospital patients have received kidney dialysis treatment, the Oklahoma State Department of Health (OSDH) reported in its latest official update on Sep 12. One person, a 26-year-old man, has died in the outbreak. The department said it did not plan to interview any more customers of the restaurant after Sep 12. See also: In investigating the church event, the OSDH was joined by the Tulsa Health Department and a team from the Centers for Disease Control and Prevention (CDC), the agency said. Sep 12 OSDH news release Sep 10 CIDRAP News story “Unusual E coli strain sickens 231 in Oklahoma”last_img read more

Merdeka Copper Gold halts gold production following Tujuh Bukit incident

first_imgMining company PT Merdeka Copper Gold halted gold production at its Tujuh Bukit Project site in Banyuwangi in East Java, following an incident that caused damage to pipes and pumps, the company’s top executive has said.Merdeka Copper Gold president director Tri Boewono reported that the company had discovered fractures on the surface of its heap leach pad, a segment used for metal extraction and processing, on Saturday morning. By noon, ore stored in front of the pad had subsided and caused damage to pipes and pumps. No casualties were recorded. “What we can say now is that there are no gold losses, but for so long as the restoration process is still in motion, this incident will affect the production and cash flow of the respective mining site from what has been projected before,” Tri said during a virtual public exposé on Tuesday. “The company will make a further announcement in regard to the incident after the study on the impact on production and cash flow has been concluded,” Tri added.He said he was not able to provide the cost of the incident at the moment as restoration plans to minimize the impact were still being drafted. Currently, irrigation work in the area has been temporarily closed down. The Tujuh Bukit Project is a gold and silver mining project in which Merdeka owns a 99.89 percent stake through its subsidiary companies, PT Bumi Suksesindo (BSI) and PT Damai Suksesindo (DSI).BSI, which is in charge of gold ore mining, produced 223,042 ounces of gold and 409,492 ounces of silver in 2019, up from a production of 167,506 ounces of gold and 140,594 ounces of silver in 2018. BSI is estimated to have ore reserves of up to 871,000 ounces of gold, 35.15 million ounces of silver on the mining site, along with mineral resources reserves including 8,753 tons of copper, according to a December 2019 report.Merdeka is currently developing underground gold and copper projects on the site, with a pre-feasibility study to be completed in 2021. The company said the incident would not affect drilling plans and the pre-feasibility study on the site. In the first half of this year, the company spent US$30 million in capital expenditure (capex), Tri disclosed. The figure is projected to reach US$80 million by the end of the year as the company plans to spend US$50 million in this year’s second half.However, Tri noted that the number had yet to include the restoration that would be needed after last Saturday’s incident. Merdeka’s revenue was up 3.67 percent as of June this year to US$198.81 million from US$191.77 million recorded during the same period last year. The company’s net profit, however, fell 9.44 percent year-on-year (yoy) to US$38.27 million throughout the first six months of the year.Merdeka also reported total production of 108,823 ounces of gold and 2,926 tons of copper during this year’s first half, in a press release published on Tuesday.Aside from the Tujuh Bukit mining site, the company is operating the Wetar copper mine located on Wetar Island in Southwest Maluku while developing three projects: Tujuh Bukit Copper; Emas Pani JV, a joint venture between Merdeka and J Resources; and Acid Iron Metal Wetar, a joint venture with Eternal Tsingshan Group Limited. “The strategy of project development and product optimization will maintain positive business growth for Merdeka,” Merdeka corporate secretary Adi Adriansyah Sjoekri said in the press release. During the public exposé, Adi explained that gold and copper had become two of the most attractive metals as geopolitical uncertainties had driven gold prices to increase significantly throughout the year, while the copper price had also performed well, going up 9.1 percent year-to-date (ytd). “Most analysts are long-term bullish on copper due to its importance in high growth sectors such as electric vehicles,” he said, noting that the production of an electric car used three to four times more copper than when producing a conventional vehicle. In a research report published by Mirae Asset Sekuritas Indonesia on Tuesday, analyst Andy Wibowo Gunawan wrote that consensus expected the United States’ initial jobless claims, an indicator affecting gold prices, to slip to 850,000 people for August 29 from 884,000 in the week prior. “We predict that global gold prices will be trading on muted mix, given variegated estimates for the US’ purchasing power,” he said. Gold, considered to be a safe haven amid volatile times, normally trades higher when unemployment and inflation are high, while interest rates are low and currencies weak. Merdeka Copper Gold’s shares, traded on the Indonesia Stock Exchange under the code MDKA, was down 4.94 percent to Rp 1,540 apiece at 1:58 p.m. on Wednesday. Throughout the year, however, it has rallied 43.93 percent while the Jakarta Composite Index, the main gauge of the IDX, fell 19.59 percent during the same period.Topics :last_img read more

How to watch Arsenal vs Real Madrid: TV channel, live stream, UK kick-off time odds and team news

first_img Comment Advertisement Advertisement Metro Sport ReporterTuesday 23 Jul 2019 4:03 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link Arsenal will test themselves against Real Madrid on Tuesday night (Picture: Getty Images)Arsenal continue their pre-season preparations on Tuesday night when they take on Real Madrid in Maryland, USA.It has been an encouraging summer for the Gunners on the field so far, beating Bayern Munich and Fiorentina, although they will have another big test against Zinedine Zidane’s men.It has been a much slower pre-season in the transfer market, although it appears that Arsenal are about to get two signings over the line in William Saliba and Dani Ceballos.Meanwhile, the Spanish side are bedding in a number of new signings as Zidane overhauls the squad in his second spell in charge.ADVERTISEMENT How to watch Arsenal vs Real Madrid: TV channel, live stream, UK kick-off time odds and team news Zinedine Zidane is rebuilding the Real Madrid squad during his second spell in charge (Picture: Getty Images)When is Arsenal vs Real Madrid?AdvertisementAdvertisementThe match is on Tuesday 23 July at FedExField, Maryland, with kick-off at midnight (Tuesday night) UK time.What TV channel is Arsenal vs Real Madrid on and is there a live stream?Premier Sports 1 will be showing the game live on Sky (412) and Virgin (551) and subscribers will be able to stream the action.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityWhat are the odds? (Courtesy of Betfair)EVS Real Madrid3/1 Draw5/2 ArsenalTeam newsUnai Emery is likely to field a pretty strong team against the La Liga giants, with Henrikh Mkhiraryan, Mesut Ozil, Pierre-Emerick Aubameyang and Alexandre Lacazette all in line to start.Joe Willock and Eddie Nketiah are youngsters that are pushing for a place in the starting XI.MORE: Celtic in ‘strong position’ to keep hold of Arsenal target Kieran Tierney, says Neil LennonMORE: Edu reacts directly to Arsenal fan asking for Everton Soares transfer updatelast_img read more

Josh Kroenke praises Arsenal’s summer transfer window and promises to be ‘proactive’ in January

first_imgThe Gunners chief says the club still have an ‘aura’ when signing players (Picture: Getty)Josh Kroenke has revealed that he instructed Arsenal’s transfer team to aggressively pursue players of Champions League quality over the summer and intends to take a similar approach in January.The Gunners broke their transfer record to bring in £72million man Nicolas Pepe, while also signed David Luiz, Kieran Tierney, Gabriel Martinelli, William Saliba and brought Dani Ceballos in on loan from Real Madrid.Arsenal’s failure to qualify for the Champions League was expected to severely hamper their spending power and ability to attract top players, but Kroenke says the club never held that view. Advertisement Comment Kroenke was hugely impressed with the work Arsenal’s transfer team did (Picture: Getty)Touching on Arsenal’s approach in the January window, Kroenke continued: ‘That’s hopefully a sign of encouragement for Arsenal fans that, when we’re out in the market place, you might never know what we’re thinking and you could be surprised by some of the names that come up.‘As for January, I don’t want to get ahead of ourselves. We’ve got to evaluate some things in the short term and figure out where we might need to address going forward, so when January does roll around we’re going to be proactive again.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Arsenal smashed their transfer record to sign Pepe in a very busy summer (Picture: Getty)‘We knew we wouldn’t have Champions League football and that’s what those type of talents are after,’ explained Kroenke in an extensive interview with BBC Sport.AdvertisementAdvertisementADVERTISEMENT‘My main message to Vinai [Venkatesham, managing director] and Raul [Sanllehi, head of football] coming back from Baku on the plane and then throughout meetings all day the following day with them and Unai Emery, was: “Let’s be aggressive and find out what’s possible”.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘These guys went out into the market place and – through their contacts and our fantastic new team behind the scenes – were able to find some talented players who are really excited about playing for Arsenal Football Club.‘I think we had a very strong summer. We addressed certain areas on the pitch for this season and in the years ahead. We had certain age profiles that we were after. Without Champions League football we weren’t exactly sure, but I encouraged our football operations department to be aggressive and when Arsenal Football Club knocks on a player’s door it’s a different knock.’center_img Metro Sport ReporterTuesday 20 Aug 2019 8:03 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link2.4kShares Josh Kroenke praises Arsenal’s summer transfer window and promises to be ‘proactive’ in January Advertisementlast_img read more

Chelsea star Willian waiting to see if Arsenal or Tottenham qualify for Champions League to make transfer decision

first_img Coral BarryThursday 12 Mar 2020 9:16 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link789Shares Advertisement Advertisement Arsenal and Tottenham are tracking Willian (Picture: Getty)Manchester United currently occupy fifth spot with 45 points and Chelsea are in fourth on 48 points. Willian is keen to continue playing Champions League football and wants to stay in London for family reasons.Jose Mourinho remains a big fan of Willian having coached him at Chelsea and Tottenham were on the verge of signing the attacker in 2013 before their local rivals famously swooped at the final moment.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityIt is unclear if Mikel Arteta is actually keen on Willian, but the technical director Edu and club chief Raul Sanllehi is on excellent terms with the player’s team.The Arsenal board have discussed the deal and are believed to be the ones pushing for the possible switch.Arteta is keen to focus Arsenal’s transfer funds on long-term talents and Willian will turn 32 in August.Willian reportedly asked Chelsea for a three-year deal, but was told only a two-year contract was on offer.MORE: Nottingham Forest and Olympiacos players get all-clear after coronavirus tests to ease Arsenal fearsMORE: Aymeric Laporte backs Arsenal boss Mikel Arteta to ‘achieve great things’Follow Metro Sport across our social channels, on Facebook, Twitter and Instagram. For more stories like this, check our sport page. Comment Willian is set to leave Chelsea (Picture: Getty)Willian will make a decision on his future once the Premier League season is over, according to reports.The Chelsea forward is a free agent this summer and is not expected to sign a new deal with the Blues.Arsenal and Tottenham are keen to snap up the Brazilian, but Willian has decided to bide his time before making a call on where he wants to play next season.The Daily Star claim Willian wants to wait and see if Arsenal orTottenham can qualify for the Champions League.ADVERTISEMENTArsenal sit in ninth in the league table on 40 points, while Tottenham are one place above the Gunners and a point better off.AdvertisementAdvertisementThe London clubs will have to make up ground to nab a spot in next season’s Champions League, although there could be an extra spot available if Manchester City’s ban from the competition is upheld. Chelsea star Willian waiting to see if Arsenal or Tottenham qualify for Champions League to make transfer decisionlast_img read more

Interest-sensitive borrowers move to variable rates

first_imgJohn Flavell, Mortgage Choice CEO, John Flavell, said a minor change saw borrowers shift back toward variable-rate home loans.The latest research by mortgage broker, Mortgage Choice, revealed borrowers have shifted back to variable-rate home loans.According to the company’s latest national home loan approval data, variable rate home loans accounted for 75.06 per cent of all mortgages written throughout June — up from 73.57 per cent the month prior.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours agoMortgage Choice CEO, John Flavell, said the move was prompted by lenders that tweaked down their variable principal-and-interest home loan rates.“While most lenders have only trimmed the interest charged on their variable principal-and-interest mortgages by five basis points or so, these rate adjustments have clearly been strong enough to encourage borrowers to opt for a variable rate mortgage rather than a fixed rate product,” Mr Flavell said.The numbers also showed fixed rate home loans were 24.94 per cent of all loans written in June — down from 26.43 per cent the month prior.“While down on the previous month, it is important to note that fixed-rate demand is still relatively high by long term standards,” Mr Falvell said.Looking ahead, Mr Flavell said it was “hard to judge” what would happen with fixed rate demand in the future.last_img read more

Tropical beachside unit in holiday zone hits the market at $139K

first_img63/129 Oleander Street, Holloways Beach Qld 4878. Picture: 63/129 Oleander Street, Holloways Beach Qld 4878. Picture: 63/129 Oleander Street, Holloways Beach Qld 4878. Picture: BEACHSIDE SUBURB:63/129 Oleander Street, Holloways Beach Qld 4878. Picture: could be Fiji or even Bali, but you won’t have to go off the Australian mainland to own this tropical beachside unit – and it’s priced from $139,000.A single bedroom, single bathroom, single garage unit at 63/129 Oleander Street in Holloways Beach, 10 minutes north of Cairns Airport, has hit the market priced at offers over $139,000. 63/129 Oleander Street, Holloways Beach Qld 4878. Picture: 63/129 Oleander Street, Holloways Beach Qld 4878. Picture: 63/129 Oleander Street, Holloways Beach Qld 4878. Picture: 67sq m middle floor apartment was fully self-contained, with a kitchen that has granite bench tops and will be sold fully furnished.There is split system airconditioning in the bedroom and living area and views of the ocean from the balcony.It also has an internal laundry with washing machine and dryer. 63/129 Oleander Street, Holloways Beach Qld 4878. Picture: 63/129 Oleander Street, Holloways Beach Qld 4878. Picture: from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours ago 63/129 Oleander Street, Holloways Beach Qld 4878. Picture: Darren Skuse of LJ Hooker was marketing it as being part of a resort that “truly has it all”.The property has tropical gardens a large salt water pool and spa and a gazebo with barbecue facilities – and looks towards a stunning white beach in a quaint tourist zone.last_img read more

Finnair warns of higher pension costs without deal with pilots

first_imgAirline Finnair has warned it faces a €30m increase in pension costs if it is unable to agree a new pension package with its pilots.The Finnish flag carrier said its current pension arrangements were more generous than the statutory minimum, which the government is set to reform as part of an increase to the minimum retirement age.Finnair’s pension arrangements, covered by its collective bargaining agreements, offer a defined benefit arrangement for long-serving pilots, while newer employees are only offered a defined contribution fund.If the government’s current draft bill passed without the airline agreeing any changes, Finnair said it would be liable for additional costs associated with the reform. “Consequently, its pension obligations would increase by a total of approximately €30m,” Finnair said in a statement on the Helsinki Stock Exchange.The airline said its pilots currently retired at an age of 58, well below the current statutory retirement age of 63, or the proposed new retirement age of 65 – agreed after negotiations between social partners in 2014.The company added: “Finnair is actively exploring ways to mitigate the impact of implementing the pension reform, which was agreed by the Finnish labour market organisations, without incurring undue extra costs to the company.”last_img read more