Masters moments: Ian Woosnam wins in 1991 and gets a lift from caddie ‘Wobbly’ | Golf News

first_imgWe continue our look back through the Augusta archives by remembering Ian Woosnam’s dramatic victory at The Masters in 1991. As the countdown continues towards the delayed 2020 Masters, we take you back to 1991 at Augusta National and Ian Woosnam’s maiden major triumph.Woosnam arrived for his fourth Masters appearance ranked second in the world behind defending champion Nick Faldo, and with five top-10 finishes to his name in major championships.The Welshman was five off the pace after an opening-round 72, but he responded with an impressive 62 on day two which got him within two strokes of the halfway leader, and home favourite, Tom Watson. 2:25 Woosnam receives the green jacket from Nick Faldo Woosnam receives the green jacket from Nick Faldo

Spain meets European Commission deadline with new pensions law

first_imgThe Spanish Parliament has passed a law establishing the basis for calculating annual indexation rates for state pensions, together with a sustainability – or “intergenerational equity” – factor to be introduced at a later date.The new law breaks the traditional link between pension increases and inflation in the country.The changes, following demands from Brussels for reform, are aimed at capping government spending and balancing the social security budget.At present, the replacement ratio for Spanish pensioners is close to 74%, according to the OECD. The law has had a stormy passage through the legislative process, partly because of opposition from the Socialist Party and the unions.But it cleared the final parliamentary vote just before Christmas, complying with the European Commission’s end-of-year deadline, and took effect from 1 January.Previously, pensions were guaranteed to rise in line with inflation.The new revaluation index guarantees a minimum annual increase of 0.25% but no more.Inflationary increases will only be added if certain economic conditions are met.The indexation formula includes factors such as the nominal income of the social security fund, the number of pensions being paid out and a percentage of the social security deficit or surplus.The figures used will include averages for past years and estimates for future years.At present, these factors are largely negative, preventing any inflationary increases in pensions.However, future governments will be able to establish more generous uplifts when the economic situation improves.The maximum increase will be consumer price index (CPI) inflation for the previous year, plus 0.5% (increased by the Senate from the government’s proposed 0.25%).The new ceiling on individual state pensions will be €2,554.49 per month, as from 1 January.This will rise each year in line with the general increase in pensions, but not, as was the case before, in line with inflation.For the 2014 calendar year, state pensions will be increased by 0.25% as from 1 January.The same rules also apply to pensions for work-related injuries and illnesses; extraordinary pensions awarded to victims of terrorism; and pensions paid to individuals who have worked outside Spain.In its statement, the government said: “The aim is to respond to public mistrust and guarantee adequate pensions for the pensioners of today and tomorrow, with similar patterns of behaviour in the level of pensions.”The sustainability factor, which is based on retirement age and links the level of pensions to life expectancy, will apply from 2019.It will be used to establish the initial level of pension for those about to retire.Every five years, the factor to apply to new pensioners will be revised.Two control mechanisms have been established to assess the effect of the measures.The Spanish government will present an evaluation report to the Congress of Deputies and social partners every five years to confirm that the level of pensions is sufficient.The government is also setting up an Independent Authority for Fiscal Responsibility to supervise the stability and sustainability of government budgets as a whole.As part of this role, the authority will give an opinion on the level of pensions calculated by the Ministry of Employment and Social Security, as well as the determination of the pensions revaluation index applicable each year, and the sustainability factor.Jon Aldecoa, consultant at Novaster, said: “This is a strong mechanism to control spending, and it will have a big effect on medium and long-term pension levels.“People under 50 will have to supplement their pensions with occupational or personal pensions. But right now there is a big private pensions coverage gap.”Aldecoa added: “These mechanisms will heavily reduce the replacement ratio of the pension, compared with final salary, over 15 or 20 years. So adequacy is not guaranteed in the medium term.”Jaume Jardon, pensions manager at Deloitte in Barcelona, said: “Ironically, the effect of the new revaluation index for this first year seems to be contrary to that expected, since the increase in pensions will be 0.25%, while inflation will be around zero.“However, as long as the new rules are applied year by year, they will be more successful than the previous framework in containing costs.”But he added: “The formula is not easy for workers and pensioners to understand, so there is scope for confusion.”last_img read more

Report: US Atlantic Coast Could Run on Offshore Wind Power

first_imgOffshore winds blowing off the US Atlantic Coast could produce four times more electricity each year than the region currently uses, according to a report by the Environment Maine Research and Policy Center.Source: Environment Maine Research and Policy CenterOffshore wind could provide the states with 4,574 terawatt hours of energy, even after excluding areas not suitable for current technology and off-limits areas like shipping lanes, the “Wind Power to Spare: The Enormous Energy Potential of Atlantic Offshore Wind” report states.Twelve out of fourteen coastal states have offshore wind potential that exceeds their current electricity consumption, the center reported, adding that even if the 14 states converted all activities currently powered by gasoline, natural gas and other fossil fuels, such as transportation and home heating, to electricity, the energy provided by offshore wind turbines could still produce twice as much power as they would use.According to the Environment Maine Research and Policy Center, policymakers and regulatory bodies must put in place strong policies to foster the development of offshore wind, while ensuring the protection of oceans and wildlife.Supportive policies include state offshore wind targets, policies to ensure a strong market for offshore wind, investments in research, and efforts to work with the federal Bureau of Ocean Energy Management (BOEM) to ensure environmentally responsible and efficient development of resources.Policymakers must also create minimum standards for the protection of ocean habitats and wildlife, particularly the North Atlantic right whale, the center said.Several US Atlantic Coast states have recently committed to developing over 8GW of offshore wind capacity by 2030, with New Jersey leading the pack with a 3.5GW target, followed by New York’s 2.4GW commitment.Massachusetts aims at adding 1.6GW, with Maryland committing to two projects with a combined capacity of some 368MW. Connecticut’s recently issued Request for Proposals (RfP) pushed the overall offshore wind target over the 8GW mark.The Atlantic Coast is home to the only US operating offshore wind farm, the 30MW Block Island in Rhode Island, developed by Deepwater Wind.last_img read more

St Lucia priest pulled from ministry after homosexual relationship

first_imgFaithLifestyleNewsRegional St Lucia priest pulled from ministry after homosexual relationship by: – July 7, 2014 Share Sharing is caring! Archbbishop RivasCASTRIES, St Lucia (CMC) – The Roman Catholic Church Monday confirmed that a priest had been withdrawn from the ministry “with immediate effect’ after he had a relationship with a male parishioner.“It was clear that the Priest crossed his boundaries and acted inappropriately,” said Archbishop Robert Rivas adding that the Church had considered the matter to be serious.In a statement, in which the priest was not identified, Archbishop Rivas said the priest had also been sent on administrative leave during which time he will receive “spiritual and counselling support.“This is an ongoing process so whenever a situation develops, once it’s brought to the attention of the authorities the matter will be properly investigated and once it is proved that something is wrong, that there has been bad behaviour or an injustice, we have to ensure that it is corrected,” Archbishop Robert Rivas said, recalling the position adopted by the Catholic Church in the wake of allegations against priests over the past two decades.He said that the Roman Catholic Church would not cover up for indiscretions by priests in the future.“We have to be open and transparent,” Rivas declared, noting that the incident involving the priest was “a fairly recent matter.”The Archbishop also disclosed that church protocol dictates that the victim always has to be considered, and said the church had offered counselling to the adult male involved, which the church hoped he would accept.Archbishop Rivas said counselling would also be made available to parishioners, who have designated Saturday a day of prayer, and will participate in a “mass of healing” on Friday.Caribbean Media Corporation Sharecenter_img 102 Views   no discussions Share Tweetlast_img read more

Security State Bank will be holding reception for New President Jon Ott from 5 to 6 p.m.

first_imgJoin Security State Bank this today for a Business After Hours.Help welcome new bank President Jon Ott. The event will be held from 5 to 6 p.m.Jon Ottlast_img

Miami commissioner to postpone Ultra Music Festival due to coronavirus

first_imgCity of Miami commissioner Joe Carollo, and Mayor Francis Suarez spoke at a meeting at Miami City Hall in Coconut Grove Wednesday morning asking for the Ultra Music Festival to be postponed to protect attendees from the coronavirus.The huge music festival that brings a ton of money to the city each year will likely be postponed until 2021.“We’re going to be discussing with them the possibility of postponing the event, similar to what they’ve done in other parts of the world,” Suarez said. “As was mentioned, this event is very unique because you have people traveling from over 100 countries. Our decisions in the city are always going to be guided by protecting the citizens of this city.”It is unclear if ticket buyers will get a full refund. City officials say an official announcement is expected Friday.last_img read more