Les Brers snuck into 2016 like it was no body’s business. But after a couple of mind-blowing sets at Wanee Music Festival and The Peach Music Festival, the secret is fully out. Led by original drummers Butch Trucks and Jaimoe, along with former members Oteil Burbridge, Marc Quiñones, and Jack Pearson, the supergroup also includes Lamar Williams Jr., Pat Bergeson, and Bruce Katz.This all-star lineup recently announced a handful of September dates, and have since added five more shows to the middle of October. From the Brooklyn Bowl in NYC, to New Jersey’s Wellmont Theatre, Philadelphia’s The Fillmore, Lancaster’s Chameleon Club, and Wesbury’s NYCB Theatre, those fellow fans looking for a way to cherish the Allman Brothers Band on the East Coast are certainly lined up for a surprise visit. For ticketing links and more information, visit the band’s website.Les Brers Fall Tour:07 SEP THE RIDGEFIELD PLAYHOUSE RIDGEFIELD, CT08 SEP CASINO BALLROOM HAMPTON BEACH, NH09 SEP HOUSE OF BLUES, BOSTON, MA10 SEP PARAMOUNT THEATRE, RUTLAND, VT12 OCT BROOKLYN BOWL, BROOKLYN, NY13 OCT WELLMONT THEATRE, MONTCLAIR, NJ14 OCT FILLMORE PHILADELPHIA15 OCT CHAMELEON CLUB, LANCASTER, PA16 OCT NYCB THEATRE AT WESTBURY, WESTBURY, NY
The London-based International Accounting Standards Board (IASB) has released a narrowly focused amendment to its pensions accounting standard, International Accounting Standard 19 (IAS 19), Employee Benefits.The change, the board said in a press statement, will clarify how defined benefit (DB) plan sponsors must attribute service-related pension contributions from either employees or third parties.The new requirements will take effect from 1 July 2014, with early application permitted.But pensions accounting experts contacted by IPE have drawn a blank when asked which plans would be hit by the clarification. Simon Robinson, a consultant actuary with Aon Hewitt, said: “Their narrow scope amendment takes most – perhaps all – pension plans out of the scope of this change. I have yet to find a UK plan, for example, that will be caught by this change.”Under the new requirements, where the contributions to a DB scheme depend on the number of years’ past service, sponsors must following paragraph 70 of IAS 19 and use the same attribution method as they used for the gross benefit.However, a practical expedient built into the amendment allows sponsors to account for the contributions as a reduction in service cost in the accounting period in which service is rendered if they are independent of past service.Robinson said he would struggle to value a plan in line with the new requirements.“My primary problem is that it takes a negative DC benefit (employee contributions) and tries to apply DB accounting to it.“The process of valuing one of these plans under this approach would almost certainly be a disproportionate effort compared with any arguable benefit in terms of theoretical correctness.”Separately, a leading practitioner close to the issue agreed it was difficult to see where, if at all, the new requirements would kick in.Where they do apply, the source added, applying them in practice could prove challenging, particularly where recordkeeping is incomplete.Another major firm of actuaries told IPE the amendments were not expected to change practice among UK plan sponsors.Elsewhere on IAS 19, newly published minutes of the November 2013 International Financial Reporting Standards Interpretations Committee (IFRS IC) meeting reveal that the extent of the committee’s continuing struggle to determine which troublesome DB plans to address with its revamped IFRIC D9 project.The D9 project is a bid by the committee to address the accounting mismatch that arises when the IAS 19 discounting model to a population of troublesome contribution-based promises.The mismatch is the result of applying either a high-quality corporate bond or government bond discount rate to member benefits that are calculated by reference to the returns on different pool of assets.The November minutes note: “The Interpretations Committee acknowledged that the scope of this project might be broader than it had envisaged, specifically depending on the definition of the variable components of the plans that fall within the agreed scope.”In other tentative decisions reached during the 12 November meeting, committee members agreed benefit promises with vesting conditions and demographic risks should be within the scope of the project.But benefit promises with salary risk look set to remain outside the project scope.As for where the dividing line will fall between variable and non-variable components, the majority of committee members said they would be unhappy with any more to limit the definition of a variable component to returns based on the actual return on any plan assets.Behind that concern was the fear that any such move would leave many economically similar plans outside the scope of any interpretation and accounted for under IAS 19’s projected unit credit approach.In an interview with IPE, interpretations committee member Andrew Watchman said: “The challenge facing IFRIC is to define the scope of this third category in a way that captures the plans for which the mismatch issue is most evident and problematic, without sweeping in many other plans for which the existing model seems to work well enough.”The November 2013 IFRIC Update warns: “The Interpretations Committee acknowledged that the scope of this project might be broader than it had envisaged, specifically depending on the definition of the variable components of the plans that fall within the agreed scope.”The report continues that the committee will “discuss at a future meeting how to proceed with this project”.
Key admits blunder over euthanasia commentsONE News 27 Aug 2012Prime Minister John Key has backed away from his comments about euthanasia, saying his language on the sensitive issue was “a bit sloppy”. Key last week said “there is a lot of euthanasia that effectively happens in our hospitals”. The comment angered doctors who said euthanasia was never practised as it was the deliberate ending of life, and was illegal and unethical. The suggestion could seriously damage the trust people had in hospital care of the terminally ill, doctors said. Capital & Coast District Health Board head of palliative care Jonathan Adler said switching off a life support machine and allowing someone to die of natural causes was not euthanasia. Key today said his comments were made on talk back radio. “It was in the context of a wider discussion about a scenario where I think I am saying the same thing as those doctors,” he told Radio Live. “They use specific and arguably accurate legal or medical definitions and I was using a bit of a general term.” The Prime Minister said he was not suggesting doctors were doing anything illegal.http://tvnz.co.nz/national-news/key-admits-blunder-over-euthanasia-comments-5047150
If everything goes well, a 100-bed Ebola Treatment Unit is expected to be built in Ganta City toward curbing the spread of Ebola, an official of the visiting US Army disclosed.Leading an 11-man assessment team to Ganta, US Army Col. Moldrem Lewton said they had come to ascertain the condition of the area where the construction of the ETU will be and, if everything goes well, they will come back to construct the 100 bed ETU.“This is a potential site, upon completing our assessment; we will go back make our report to our bosses for final decision to be taken,” he said.The US soldiers, accompanied by two captains of from Liberian Army, touched down in their large military helicopters at about 2pm local time at the Methodist Airstrip in Ganta. They reportedly had just arrived from Voinjama, Lofa County. Hundreds of residents of Ganta crowded the airstrip to receive them with happiness and singing, saying, “Ebola must go, we tire hearing about Ebola, Ebola must go!”This is the US soldiers’ second visit to Nimba since their arrival in Liberia to help fight the deadly Ebola Virus.Earlier this month, the first assessment team, which traveled by road, arrived in Ganta where several locations for the construction of ETU were shown to them by the Administrator of the Ganta Hospital.The first team extended their trip to Tappita where another area was shown to them for possible Ebola Treatment Unit construction.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)