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IASS pensions settlement causes pre-tax loss at Aer Lingus

first_img“Aer Lingus Limited has also been involved in a separate set of discussions concerning the Pilots Scheme, a single employer scheme for Aer Lingus pilots,” the report added.It noted that, following negotiations with the pilots’ union, a funding proposal for their scheme had been submitted to the regulator in early December.The company also disclosed professional and legal fees of €6.4m in 2014, which it said “principally” related to settlement talks relating to the IASS.Aer Lingus currently faces a lawsuit from the pensioners of the IASS, with a group representing pensioner interests’ threatening a High Court case worth €170m over the benefit cuts suffered by retired workers. Aer Lingus suffered a pre-tax loss on the back of its €190m payment to settle the dispute over the underfunded Irish Airlines Superannuation Scheme (IASS).The Irish flag carrier suffered a pre-tax loss of €180.3m, but would have seen a profit of €72m had it not been for a number of one-off costs, including the €190.7m payment to launch a new defined contribution (DC) plan.The plan will offer benefits to members of the IASS that have seen their future IASS payments reduced as part of the proposal to tackle the more than €700m deficit, which the company was barred from solving through additional contributions.The airline’s preliminary results for 2014 showed that the Pensions Authority had signed off on the IASS funding proposal in late December, with the €190m immediately placed in an escrow account.last_img read more

Functional family home has real wow factor

first_img38 Eldernell Terrace, HamiltonBrayden Larkin of Zephr Industries has designed and built a lot of houses.Yet Blanco, a three-storey monolith cascading down the side of Hamilton Hill, was always going to be extra special, because it was going to be his family home. The hiuse’s cladding is made from a special Scandinavian wood that gives a weathered look.“I designed and built Blanco to how I really wanted to have a house,” Brayden said.“It is a big suspended concrete slab construction. I wanted the structure to appear like it was almost levitating off the side of the hill. I also wanted it to encapsulate the views from each of the three levels.”The use of concrete was always going to create a raw industrial feel, but by introducing soft tones, Brayden has managed to turn Blanco into a warm, family home for himself, wife Jess and their two-year-old son. The house has more than 900 sq m of covered living space.“I always wanted to do like a Palm Springs kind of home, like you would see in California but then I also liked the idea of having a floating pool and fire pit, like you would see in a Bel Air mansion, so I tried to blend the two to create something different.”What is evident is the time and effort that has been put into the design of the five-bedroom home covering more than 900 sq m under roof, which for a minimalist structure has some outstanding details. The use of wood brings a softness to the concrete structure.Take the internal staircase that ascends from the middle, entry level of the house to the master bedroom retreat above. Built with a concrete stringer down the centre, the timber treads extend from either side secured by an invisible metal plate and finished with a metal balustrade.“I haven’t seen stairs like that before, where everything is seamless,” he said.Also on this level is a limestone wall that runs the length of the house.These intricate touches extend outside to the home’s facade, which is clad in a special timber sourced from the Netherlands that has been kiln dried to extract all the water. The suspended pool costed $250,000 to build.“This gives the wood a slightly weathered look that you would normally only ever achieve with time,” he said.Around the back of the house, the pool features lighting that emulates a starry night sky. The lights, Brayden tells me, are the same ones used in a Rolls-Royce car. The limestone wall and concrete stringer staircase.“The pool cost about $250,000 to build because you have 60 to 70 tonnes of water floating in the air above Hamilton Hill, so we had to retain the structure and tie it back into the house to make it look seamless. A lot of work goes into it. I just hope that whoever buys the house can see and appreciate the level of those details,” he says.More from newsParks and wildlife the new lust-haves post coronavirus8 hours agoNoosa’s best beachfront penthouse is about to hit the market8 hours agoWith Hamilton a predominantly heritage suburb characterised by listed buildings, Brayden said he snapped up the last two remaining blocks of land about two years ago. Blanco and Noir, a five-storey show-stopping home Brayden is building a few doors down, will probably be among the last two new homes to be built on the hill. The house has views of the city from every level.For the buyer of this multigenerational home, one thing is certain — they will not have to move again for some time.“I have young children so I had to build a house that would suit that, but I’ve also designed it to be a house that will grow with any family. We have the pool, two living areas and a bit of grass on one level and bedrooms on all three, so you can use as much or as little of the space as you need. Polished timber wood floors feature throughout.“The fact that all three levels are serviced by a lift means you can easily live here until you are 80 or beyond. It’s also super-low maintenance. All the gardens are irrigated with desert-style plants so you literally don’t have to do anything but mow the grass.”While Brayden has thoroughly enjoyed his time at Blanco, he says, as a designer, the itch to move on and build something new never fades.Now, with a new baby on the way, he says the time has come for the family to move closer to his parents-in law in Newport where Brayden will design and build what he is adamant will be their forever home. The building is an architchectural feat.last_img read more

Zika virus ‘scarier’ than thought — US health officials

first_img Tweet 35 Views   no discussions InternationalLifestylePrint Zika virus ‘scarier’ than thought — US health officials by: – April 12, 2016 Share Dr Anthony Fauci, Director of National Institutes of Health (NIH), speaks about the Zika virus during a press briefing in the Brady Press Briefing Room at the White House in Washington, DC, April 11, 2016. (Photo: AFP)WASHINGTON, United States (AFP) – The Zika virus is “scarier” than previously thought, US health officials warned Monday as they urged Congress to unblock funding to fight the mosquito-borne virus linked to birth defects.President Barack Obama’s administration has asked lawmakers for $1.9 billion to boost preparedness and response to Zika, a poorly understood virus which has been linked to severe brain damage in babies — but the request has stalled.Borne by the Aedes aegypti mosquito, Zika has spread quickly to more than 30 places in Latin America and the Caribbean since last year.Rare cases of sexual transmission of the virus have also been recorded.“We absolutely need to be ready … Everything we look at with this virus seems to be a bit scarier than we initially thought,” Anne Schuchat, principal deputy director of the the Centers for Disease Control and Prevention, told reporters at the White House.“We continue to be learning (about the virus) pretty much every day. And most of what we’re learning is not reassuring,” she added.Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said there were still a lot of unknowns.“Bottom line is we still have a lot to learn,” he said.“And we really do need to learn a lot more, because this is a very unusual virus.”Fauci said he had to draw money from other areas for Zika research, stressing that “we really don’t have what we need.”“If we don’t get the money that the president has asked for, we’re not going to be able to take it to the point where we’ve actually accomplished what we need to do,” Fauci said.“When the president asked for $1.9 billion, we needed $1.9 billion.”Hundreds of thousands of people in the US territory of Puerto Rico could become infected with Zika by year’s end, US health officials have cautioned.center_img Share Sharing is caring! Sharelast_img read more

AquaTrojans Battle Spartans In Swimming

first_imgThe AquaTrojans were back in action on Tuesday against the Spartans of Connersville.  The girls took their first defeat of the season 96-87 while the boys won 107-78.A special congratulations for Alexis deLong and Ethan Ayers-Edds for establishing school records in the 100 backstroke and 1 meter diving for 6 dives.Individual winners include: Jacob Weber-200 Freestyle, 100 Freestyle; Olivia Nixon-200 IM, 100 Freestyle; Alex Ketcham-200 IM; Alexis deLong-50 Freestyle, 100 Backstroke (establishes a new school record for 100 Backstroke); Ethan Ayers-Edds- 1 meter diving (establishes a new school record for 6 dives); Cai Fox- 100 Butterfly; Jackson Ketcham- 500 Freestyle.East Central won 5 of 6 relays on Tuesday.EC girls are 21-1 (13-1 EIAC).  EC boys are 19-1 (14-0 EIAC).Go Trojans!!Courtesy of AquaTrojans Coach Brandon Loveless.last_img read more

Pioli: ‘Milan team is working well’

first_img “These are still largely quite young players and therefore have a lot of potential to get stronger. There’s a lot of quality in the side, they just need to learn more how to read the game, when to attack and when to soak up pressure.” read also:Milan invite doctors and medical personnel to first League match Director Paolo Maldini said that Milan were no longer making ‘proclamations’ about Champions League places and Pioli seems to agree. “We must be ambitious, but our objective is clear. We have to keep improving and try to do better than last season, because sixth is not exceptional for a club like this. “We are also in Europe, up against a side that is tough and I think hasn’t lost in eight months, so we have to be wary and well-prepared.” The next Europa League preliminary round tie is against Norwegians Bodo/Glimt on Thursday. FacebookTwitterWhatsAppEmail分享 Loading… Stefano Pioli maintains Milan are ‘playing with confidence’ after the 2-0 win over Bologna and individuals grow when ‘the team works.’ The Rossoneri have now played two competitive games this season, winning both 2-0 in the Europa League against Shamrock Rovers and Serie A with Bologna. “When a team is in good shape mentally, the legs and body go along with the mind,” Pioli told Sky Sport Italia. “We did well against a very aggressive, intense opponent, and I thought up until the second goal we were doing very well, creating chances and pressing. There are areas where we need to improve once we’ve taken the lead.” Zlatan Ibrahimovic scored three of the four goals so far this season, with Hakan Calhanoglu getting the other. “When the team works, the individuals inevitably raise their game too. Zlatan is a champion and confirms that every time he steps on to the pitch, even in training. “The side plays with confidence, can grit its teeth under pressure and fight hard. The tactical mechanisms are working well.Advertisementcenter_img Promoted ContentCouples Who Celebrated Their Union In A Unique, Unforgettable Way9 Facts You Should Know Before Getting A Tattoo10 Risky Jobs Some Women Do5 Of The World’s Most Unique Theme ParksYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime6 Incredibly Strange Facts About Hurricanes7 Ways To Understand Your Girlfriend BetterThe Very Last Bitcoin Will Be Mined Around 2140. Read More5 Of The World’s Most Unique Theme Parks2020 Tattoo Trends: Here’s What You’ll See This Year8 Shows That Overstayed Their WelcomeCristiano Ronaldo Turns His Hotels Into Coronavirus Hospitals?last_img read more

Penske Racing Shocks giving awards to IMCA Modified, Stock, Late Model drivers

first_imgREADING, Pa. – For a fourth consecutive season, Penske Racing Shocks gives contingency awards to drivers in three IMCA divisions.Product certificates from the Reading, Pa., manufacturer worth $350, $250 and $150, respec­tively, go to top three eligi­ble finishers in each of the five regions for Xtreme Motor Sports IMCA Modifieds and in both IMCA Sunoco Stock Car regions.Certificates in the same increments will be awarded to eighth, ninth and 10th place finishers in national standings for IMCA Late Models.Awards will be presented during the national IMCA banquet in November or mailed beginning the following week from the home office. Modified and Stock Car competitors must compete with four Penske shocks, display two Penske decals on their race car and return a sign-up form to the IMCA home office by Aug. 1.More information about Penske shocks is available by calling 610 375-6180, at the website and on Facebook.“We have drivers currently at the top of our regional point standings using Penske shocks and anticipate that carrying through the season,” IMCA Marketing Director Kevin Yoder observed. “However, pursuing championships or not, we encourage Penske customers to get signed up and reap the benefits of their partnership.”last_img read more

Girls volleyball Bears to meet Watertown in sectional playoffs

first_img Tags: Chittenangovolleyball Assigned the no. 2 seed, Chittenango will battle no. 6 seed Watertown in Monday’s sectional quarterfinal after snow postponed the original match last Thursday.If the Bears win, it will have yet another clash with Cortland in the semifinals after the Purple Tigers ousted Whitesboro in four sets in its quarterfinal match. The final is next Saturday at Jamesville-DeWitt at 3 p.m.Meanwhile, the regular season continued for the Chittenango boys volleyball team as it survived a five-set classic with Sauquoit Valley last Monday night to avenge a Jan. 9 defeat to the Indians. Beaten 25-15 in the opening set, the Bears nearly fell further behind, but pulled out a long second set 28-26 and carried that momentum over to a 25-20 win in the third.Two points from victory, Chittenango was denied when Sauquoit claimed the fourth set 29-27, but somehow the Bears recovered and, in a final-set race to 15, put away the Indians 15-11.Caleb Barnard, with 35 digs, led a Chittenango defense where Seth Kimball got 29 digs, Brandon Turner 17 digs, Tom McIntosh 13 digs and Mikel Pascual 11 digs.Austin Strickler finished with 11 kills and four blocks, while Alex Reymond got nine kills. Turner had eight kills and Kimball got six kills. Josh Ward (21 kills) and Alex Philpotts (30 assists) led Sauquoit’s efforts.This followed a 25-14, 25-15, 25-8 sweep of Little Falls on Feb. 1 where Tom McIntosh set the tone with six aces, Kyle Schnauffer and Aiden Adams each getting four assits.Adams also had seven assists and four digs as Turner got 22 assist, three kills and four blocks. Alek Reymond paced the front line with seven kills, just ahead of Seth Kimball and Edward Heller, who had five kills apiece.After the Sauquoit epic, Chittenango would challenge 10-1 Vernon-Verona-Sherrill on Wednesday night. The Red Devils prevailed, taking the first two sets 25-18 and 25-19 and the fourth in another 25-19 decision after the Bears won the third 25-21.Kimball still had 14 kills and 29 digs, with Strickler getting nine kills and five blocks. Reymond had seven kills and three blocks, Turner managing 27 assists and 10 digs as McIntosh had 16 digs and Pascual 10 digs. Adams got six digs.On VVS’s side, there was Colten Terrier getting a triple-double of 20 assists, 10 kills and 11 digs. Ryan Loucy earned 43 digs next to Evan Kirkpatrick (22 assists) on the back line as Gavin Miller had 16 kills and Evan Kirkpatrick 11 kills.Share this:FacebookTwitterLinkedInRedditComment on this Story center_img A new and exciting reality greeted the Chittenango girls volleyball team as it entered the Section III winter playoffs.Three years of dominating the Class B ranks and claiming sectional championships changed when, for 2020, the Bears were moved up to Class A.What it meant was that Chittenango would face a far tougher field than in years past, one that included recent sectional champions like Carthage and Whitesboro, plus the Cortland side that gave the Bears its lone defeat of the season in December.last_img read more

USC junior killed, two injured in car crash

first_imgA 22-year old engineering student was killed in a two-car collision early Sunday morning at an intersection about five miles southwest of USC’s University Park Campus.Xinhai Huang, a junior majoring in electrical engineering, was an honor student and on the Dean’s list, according to a statement from Yannis Yortsos, dean of the Viterbi School of Engineering.“We grieve for a promising life cut short, and for his parents who have lost their son,” the statement said.The collision occurred at 2:50 a.m. when the driver of a Ford Explorer ran through a red light at Hyde Park Boulevard and West Boulevard, striking a Ford Mustang in which Huang was a passenger, said Los Angeles Police Department Lieutenant Andy Neiman.The driver of the Mustang carrying Huang sustained non-life-threatening injuries, Neiman said. Huang was taken to a hospital where he was pronounced dead.Yortsos’ statement urged students, faculty and staff seeking support to approach counselors at Student Counseling Services or the Center for Work and Family Life.“We will work closely with the university to make arrangements and celebrate Xinhai’s life in the near future,” the statement said.Neiman said the Explorer driver, 23, is currently hospitalized for non-life-threatening injuries.The Los Angeles Times reported Monday afternoon that an LAPD detective said the Explorer driver will be arrested on suspicion of drunk driving upon her release from the hospital.Despite this report, Officer Carol Mitchell, an investigator at the South Traffic Division, said Monday evening that police were still investigating whether the Explorer driver was under the influence.“It’s still yet to be determined,” Mitchell said.last_img read more

Senior receiver Steve Ishmael added to Biletnikoff Award Watch List

first_imgSyracuse senior wide receiver Steve Ishmael was added to the Biletnikoff Award Watch List on Tuesday, the award’s committee announced.Ishmael was added to the list by the Tallahassee Quarterback Club Foundation, along with nine other receivers. The Biletnikoff Award is given annually to the nation’s top receiver. Ishmael joins teammate and fellow SU receiver Ervin Philips on the watch list.SU’s top target, Ishmael leads the country in receptions (45) and receptions per game (11.3) while ranking third in total receiving yards (512). Ishmael has had 100 yards receiving in each of the Orange’s first four games. He is one game shy of tying Amba Etta-Tawo’s SU record five-straight 100 yard games.More additions to the watch list will be released periodically throughout the season. Ten semifinalists will be named on Nov. 13 and three finalists listed on Nov. 21. The winner of the Biletnikoff Award will be announced on Dec. 7. Comments AdvertisementThis is placeholder text Published on September 26, 2017 at 2:33 pm Contact Andrew: | @A_E_Graham Facebook Twitter Google+last_img read more

UW opens LaBahn without win

first_imgSenior defender Jordan Brickner scored what appeared to net the winning goal for Wisconsin before a Bemidji State score in the closing minutes.[/media-credit]The University of Wisconsin women’s hockey team came away with a loss and a tie in its opening weekend at the newly-opened LaBahn Arena.Despite dominating both games over the weekend, Wisconsin (3-3-2, 1-3-2 WCHA) was unable to come away with a win over WCHA foe Bemidji State (2-3-1, 1-2-1).Sunday, the Beavers forced the Badgers into overtime with a late third period goal to tie the game. Neither team was able to score in overtime, taking the game to a shootout. It was UW that came out on top in the shootout, giving Wisconsin an extra point in the WCHA standings.But Bemidji State struck first, taking the early lead five minutes into the first period when senior forward MacKenzie Thurston buried an assisted shot.It took more than four periods, but the Badgers finally scored their first goal at LaBahn Arena when senior forward and captain Brianna Decker put in a backhanded shot on an assist from junior defenseman Kelly Jaminski with just more than six minutes left in the second period.Decker’s goal broke Wisconsin’s three-game goalless streak, the longest such streak since 2001.Decker said the team built some momentum once she put Wisconsin on the board.“Anytime you score a goal it brings energy to the team naturally,” Decker said. “It was just a matter of time that we were going to put one in and create energy.”Wisconsin took the lead when freshman defenseman Courtney Burke scored her first career goal early in the third period.The Badgers spent plenty of time in the penalty box Sunday, committing six penalties for a total of 12 minutes. Wisconsin fended off Bemidji State’s power play until Beavers’ sophomore forward Rachael Kelly scored during her team’s one-man advantage.During another Bemidji State power play, Wisconsin broke the 2-2 tie when senior defenseman Jordan Brickner scored the shorthanded goal on a breakaway with an assist from sophomore forward Karley Sylvester.Brickner explained what happened and her excitement after scoring what at the time appeared to be the game-winning goal.“The puck kind of bounced out,” Brickner said. “Karley Sylvester and I kind of got to it. We took off down the ice and I think we both got behind the defender. I was about to slide it over to her and then I saw the goalie kind of cheat and I saw top shelf open so I shot it and it went in. It was pretty exciting, especially when we were down one person.”Wisconsin seemed to have the game all but won when Bemidji State scored its third and game-tying goal with just 55 seconds left in the third period.After a scoreless overtime, Decker and junior forward Madison Packer both made their shots, while Wisconsin’s junior goalkeeper blocked both of Bemidji’s shots to give Wisconsin the shootout win.Head coach Mark Johnson was pleased with the way his team played Sunday.“Overall it was a good effort,” Johnson said. “We had a lot of opportunities and had good momentum and overall, as I told the team, it was a good effort today. We won the shootout so you get the extra point, so you can walk away feeling pretty good about it.”Friday, Bemidji State spoiled Wisconsin’s grand opening of the LaBahn Arena and 500th game in program history, defeating the Badgers 1-0 in front of a sellout crowd.Despite outshooting the Beavers 75 to 37, the Badgers were unable to put a goal on the board.Wisconsin’s best chance to score came with less than a minute to go in the second period when Decker’s shot on goal hit off the far post.Even though UW was shut out, Decker said she was happy her team earned scoring chances and is trying not to get frustrated.“It’s early on in the season,” Decker said. “You can’t get frustrated. A loss, no one wants to lose, but our team can only move forward. Just like last weekend, we just have to learn from it. We have to put the puck in the net, but we are getting opportunities. We just can’t get frustrated.”Along with 27 shots on goal, UW had three power plays on Friday but could not capitalize on the single-man advantage.Bemidji State’s goal came five minutes into the third period when Wisconsin junior goaltender Alex Rigsby was caught behind the net trying to slow the puck when she collided with a teammate and lost her stick. The puck shot in front of the goal, leaving Rigsby without her stick, to watch the puck slide away.Johnson said he was disappointed his team couldn’t come away with the win in the Badgers’ first game at LaBahn and that his team still has some time to adjust to the new facility.“[LaBahn Arena] is a house and we have to make it a home,” Johnson said. “We can’t do that in a short period of time. We’ve had a number of practices here and now we had our first game and so the newness as you go through more game starts to go away and you get more comfortable. That’s what we need to do.”Follow Spencer on Twitterlast_img read more

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