Irish pensions levy ‘necessitated’ by tax shortfall, government claims

first_imgThe Irish government has admitted it was forced to introduce a controversial second pensions levy after savings from pensions tax relief failed to materialise.Minister for finance Michael Noonan last month appeared to renege on repeated promises that the current 0.6% pensions levy would end next year after the government’s budget speech saw the introduction of an additional 0.15% charge for two years, starting in 2014.As a result, 2014 will see pension funds paying 0.75% of total assets under management in tax to the Exchequer, before the levy falls to 0.15% in 2015.Speaking in the Dáil earlier this week, Noonan admitted his department was forced to introduce the additional charge after its estimated savings from changes to the standard fund threshold (SFT) fell short. He said it was initially assumed the changes to the SFT would yield savings of around €400m, a figure revised downward for the 2013 Budget speech to €250m.“That analysis has since revealed significant downside risks to the achievement of even this lower level of yield or savings,” he said, noting that the 2014 Budget estimate was instead for savings of just €120m.The reduction in savings stemmed from a number of issues, including advice on the legality of some of the proposals under consideration and the decision to vary the SFT depending on at what age pension income would be drawn down.Noonan said: “The assessment – that the changes to the SFT regime required to deliver on the Budget 2013 commitment to cap taxpayer subsidies to higher value pensions would have a considerably lower yield than originally put forward – meant the achievement of the overall budgetary objectives […] necessitated the imposition of the additional 0.15% pension fund levy for 2014 and 2015.”Answering a second question, Noonan said the current 0.6% levy had so far yielded €534m in income for 2013.Despite stating that the second, 0.15% stamp duty was being introduced to help the Irish government prepare for the fallout of the Waterford Crystal case, the Department of Finance has admitted the assets will not be ringfenced and are instead earmarked for general expenditure.last_img read more

CBD products to be sold at Indiana and Kentucky Krogers

first_imgCincinnati, OH—Kroger’s throughout Indiana and Kentucky will now be selling CBD or Cannabidiol infused products at their stores, though they did not state which locations have picked up the products.  Officials noted that the products will not be available at the Ohio locations due to state regulations.CBD is marketed to help ailments from pain relief and inflammation to reducing stress and anxiety.  It is derived from hemp and therefore does not contain THC that causes a “high.”last_img

Bridge closure in Dearborn County starting Thursday

first_imgLawrenceburg, IN—The Kaiser Drive bridge will be closed at Kelsey Road in Dearborn County starting on Thursday, August 15th at 7 am until Friday, August 16th at 8 am.There will be no traffic allowed through during the closure as this is a Bridge Deck Repair.last_img

Injury may end Ryo’s season

first_img The Spaniard continued: “We think it will need a long recovery period and maybe he will even need surgery. “We need to be a little bit expecting the bad news. “He is very fortunate he has not got a broken leg because of the nature of the challenge. “We feel he ruptured the ligaments. We will have to wait and see but he doesn’t seem to have an opportunity to finish the season.” Martinez delivered a more positive update on Callum McManaman, who was one of the stars of Wigan’s first-half display at Goodison Park but limped off soon after scoring the second goal. Martinez said: “Callum McManaman is recovering well and probably it is more a matter of a week – five days to 10 days – that he is going to be out. “We will see how he recovers day by day. The ankle is swollen but it is more of a normal injury.” Wigan boss Roberto Martinez is still waiting to hear the full extent of winger Ryo Miyaichi’s ankle injury but fears his season is over. The Japan international was carried off on a stretcher after being hurt in a challenge from Kevin Mirallas in Latics’ stunning 3-0 FA Cup quarter-final win at Everton last weekend. It is yet another setback for the 20-year-old, who has made just seven appearances for the club since joining on loan from Arsenal due to injuries. Manager Roberto Martinez told the club’s website, www.wiganlatics.co.uk: “It was a terrible challenge. We are waiting on the scan but we are not very positive on it.” center_img Press Associationlast_img read more

Wenger: Defensive mistakes cost us

first_img Press Association Wenger said: “I didn’t see that. I don’t know if he did it. If he did it and is banned, we will have to accept it.” Playmaker Mesut Ozil also appeared to head for the dressing room straight after the final whistle without joining his team-mates to applaud the visiting fans. An argument with fellow German Per Mertesacker reportedly ensured but Wenger played down the incident. He said: “That is the Germans, they will sort that out between themselves. Don’t worry.” Arsenal had gone into the Saturday lunchtime game at a perceived disadvantage after playing in the Champions League on Wednesday night, 24 hours after City had been in action. But Wenger said: “I don’t want to look for excuses after a defeat like that but it doesn’t help. “I said before the game I would not use it as an excuse and I won’t do it now, but it was not ideal. “You could see we were not as fresh as we should be for a big game.” City’s victory, which maintained their 100 per cent home record in some style, is certain to see their status as title favourites strengthened but Wenger did not necessarily agree. He said: “They are one of the teams to beat, but not more than any of the other ones we have played until now. “We have played Everton, who were as good as City, and Southampton, who were as good as City.” City’s prolific strikeforce of Sergio Aguero and Alvaro Negredo put them ahead before Fernandinho struck twice and David Silva and Yaya Toure also scored. Arsenal remained in contention for over an hour after two goals from Theo Walcott but Mertesacker’s late header was mere consolation. City have now scored 35 goals in their eight home league games but manager Manuel Pellegrini continues to demand more. He said: “Today I don’t think it was the best performance because Arsenal scored three goals and that is too much for the amount of chances they had. “But it was a very complete game in attacking. It is not easy to score six goals against Arsenal, the best defence in the Premier League. “We had at least four or five more clear chances to score goals. In that sense I am very happy but we must continue improving. “We are not thinking at the moment title hopes. We have a lot more to fight with six or seven important teams. “I think we must continue improving.” The downside for City was the loss of top scorer Aguero through injury early in the second half and the Argentinian is now facing a lay-off. Pellegrini said: “Aguero has a problem in his calf. We will see tomorrow how many weeks he will be out.” Arsenal will also assess defender Laurent Koscielny after he suffered a deep cut to the knee attempting to prevent Negredo scoring. Wenger said: “He has a cut. He will be out for a while but for how long I don’t know.” Arsenal manager Arsene Wenger felt his team lost their defensive discipline as the Barclays Premier League leaders were blown away 6-3 at Manchester City. And on a day to forget for Wenger’s men, midfielder Jack Wilshere was facing possible censure after appearing to make a crude gesture to home fans during the second half at the Etihad Stadium. The Gunners struggled to handle the hosts’ attacking threat but Wenger claimed his side were still the equal of City, despite the clear implications of the result in title terms. Wenger said: “It was a difficult game. We had the best defence in the league and we conceded many goals today. “Honestly, we could have scored at least six as well, it was a very open game. “I think we made too many mistakes. Our strength until now was our defensive discipline but that went as the game went on. “We were in a position where we could see the legs were tired a little bit and we had to run after the score. “What hurts me more was that we had the opportunity to put Man City at nine points and now they are three points (behind). “That is very different. That is a team that was not unbeatable today.” In a moment of controversy, Wilshere was caught on camera gesturing towards supporters. The matter could be looked at by the Football Association, who will await referee Martin Atkinson’s report. last_img read more

Mullins duo on course for battle

first_img “Buiseness Sivola has really come to himself and is starting to handle the Irish-style hurdles and deserves his chance in the AES Champion 4YO Hurdle. “We asked Dicosimo a big question to make all in the Triumph Hurdle and it didn’t work out and then he didn’t fire at Fairyhouse. If he comes back to himself between now and then, he might run in this. “Petite Parisienne, who has shown a liking for Punchestown before, could switch to this if she didn’t run in the mares’ race. “All my Cheltenham horses will be entered in the Punchestown bumpers. Bellshill ran a great race in Liverpool and we could have up to half a dozen runners in the Champion Bumper. We should have one or two for the winners’ bumper as well.” Both were successful at the Cheltenham Festival as Vautour blew away his rivals in the JLT Novices’ Chase and Don Poli was equally as impressive in landing the RSA Chase. A clash between the two stablemates would be one of the highlights of the week at Punchestown. Willie Mullins has raised the possibility Vautour and Don Poli taking each other on at the Punchestown Festival in the Growise Champion Novice Chase. Press Association “In the Growise Champion Novice Chase, Don Poli looks to be a good candidate – he is on course for the race and it’s his best option during the week,” said Mullins. “There’s a good chance Vautour will go for the race too – he definitely could line up beside Don Poli. He does have other options as well so we’ll see.” Vautour is also in the Boylesports Champion Chase, along with Champagne Fever and Felix Yonger among a team of six from the yard. “Champagne Fever and Felix Yonger will be looking to go to the BoyleSports Champion Chase and it seems an obvious race for Twinlight. Vautour is also entered but he is more likely to run in the staying novice race,” said Mullins. Among other possibles for the meeting are his Gold Cup runner-up Djakadam. “Djakadam will run in the Bibby Financial Services Punchestown Gold Cup and he’s well since Cheltenham. Ballycasey and Boston Bob could also run, On His Own almost certainly will run whilst Champagne Fever has not been completely ruled out,” said the handler. “Annie Power looks like going to the Mares Hurdle unless we have nothing for the Ladbrokes World Series Hurdle closer to the time. She’s been in excellent form since Cheltenham. “Black Hercules and Killultagh Vic are both being aimed at the Irish Daily Mirror Novice Hurdle. Outlander and Roi Des Francs look like they might run in that too whilst Shaneshill could go for the Tattersalls Ireland Champion Novice Hurdle, while Nichols Canyon is a possible. last_img read more

Van Persie: No hard feelings

first_img Twelve months ago, Van Persie was tipped to take over the captaincy at United, but manager Louis van Gaal has once again demonstrated his ruthless streak by disposing of a man who scored just 10 goals last season. Van Persie rejected the opportunity to fire a parting shot at Van Gaal at his unveiling. Indeed, the former Arsenal striker was at pains to thank the club for allowing him to move to Turkey. ”From my side, there are no hard feelings with how it went. It’s part of football, it’s part of life,” Van Persie said. “I had a good moment with the players the day before I came to Istanbul so that was special. “Then you see that everyone really appreciated my time there, that was important for me. ”I highly appreciate the work of (executive vice-chairman) Ed Woodward. “The way he dealt with this transfer is from a high level, it’s very classy, he proved he’s a true gentlemen in the way he dealt with the whole situation. Ed, if you’re listening, thank you!” Van Persie was unveiled as a Fenerbahce player on Tuesday at a press conference at the Sukru Saracoglu Stadium in Istanbul. The 31-year-old Dutchman has been handed a three-year contract with the Turkish giants. Press Association Van Persie reiterated his thanks to United and former club Arsenal on Twitter. He wrote: “After 11 great years in the Premier League, I have taken on a new challenge at Fenerbahce… Thank you to all the fans, who have supported me through the years… Thank you Arsenal and thank you Manchester United. Wish you all the best.” Van Persie enjoyed a stellar debut season with United following his £25million move from Arsenal in 2012. The Holland international scored 30 goals to help Sir Alex Ferguson win the Barclays Premier League in the Scot’s final year in charge of the club. But, after Ferguson’s departure, he struggled under David Moyes and there was no improvement following the arrival of Van Gaal despite enjoying an encouraging World Cup under the former Bayern Munich and Barcelona manager. Van Persie only scored twice after the turn of the new year and he knew he was destined to leave the club. ”I could see it coming, if I’m really honest,” he said of his Old Trafford exit. ”I could get used to the idea for quite a bit. It was not a situation where it was just happening from day to day so I could get used to the situation – that is football. Fenerbahce supporters gathered at the airport to greet Van Persie on Tuesday and thousands gathered outside the stadium before the press conference to announce his move. “I am very glad I am here,” Van Persie said. “Turkey is a beautiful place with nice people. It’s a real football country, you can see the passion there is for the game here. “There were 18,000 fans here (for the arrival), which is unbelievable for me. “It’s the first time I have experienced something like that. “It was a really humbling experience and hopefully I will have many more special moments with the fans.” Van Persie will link up with his former United team-mate Nani, who joined Fenerbahce earlier this summer. Robin van Persie insists he bears no ill-feeling towards Manchester United for selling him to Fenerbahce. last_img read more

Oprah Winfrey, Lady Gaga Open Oprah’s “2020 Vision” Tour at BB&T Center

first_imgOprah Winfrey kicked off her nationwide wellness tour, called “Oprah’s 2020 Vision: Your Life in Focus,” in Broward County on Saturday with the message that humans are instinctively happy and collaborative, as well as trusting and respectful.The talk show host and media executive told a sold-out audience of more than 15,000 people, “Our desires are the same. We want health. We want abundance. We want to be prosperous for ourselves and our families. We want to be connected … and we want to be uplifted in our lives.”The daylong event, which incorporated elements of a health seminar, blended with a celebrity fan fest, political campaign and church revival, began a nine-city run at the BB&T Center in Sunrise, highlighted by Q&A session with singer-actor Lady Gaga, and an appearance by dancer-actor Julianne Hough.Gaga shared with the audience her experience of being raped repeatedly at age 19, and the resulting mental issues that manifested in pain from fibromyalgia.Ongoing psychiatric therapy and medication, in addition to good friends, have allowed her to retake control of her life, she added. The singer says: “I believe all things were supposed to happen. Because God was saying to me, ‘I am going to show you pain and then you are going to help people in pain.’”Winfrey touched on rumors of a 2020 presidential run, saying, “We did talk about Oprah 2020. That has a nice ring to it, I think. And then, we knew for sure, that people might get, uhhhh, the wrong idea. If we were talking about something other than wellness.”Fort Lauderdale, I’m on my way to kick off my @ww_us 2020 Vision Tour in your city! Let me know if you have any questions for @ladygaga and I might just get you an answer this Saturday. Get tickets to join the party: https://t.co/F8xR5l0b9k #Oprahs2020VisionTour pic.twitter.com/DzNLYv1Ags— Oprah Winfrey (@Oprah) January 2, 2020 She continued, “In fact, 2020 is an important year for so many reasons. Because there are people who would very much like to highlight all of the differences and the divide that we are experiencing in our country. But I was saying to reporters yesterday, I said, ‘You’re going to come to this room and you’re going to see people from red states and blue states and purple states and no states and out of states and out of town and out of the country and everybody is going to be in agreement on one thing. That we all want to get better in our lives!”Hough, who is an Emmy-winning choreographer, two-time winner of “Dancing with the Stars,” and served as a judge on the most recent season of “American’s Got Talent,” led a dance session in the afternoon.Oprah’s best friend, Gayle King, was in the audience, as were Fort Lauderdale Mayor Dean Trantalis, fashion icon Iris Apfel, Adrienne Bosh, wife of former Miami Heat star Chris Bosh, and Instagram fashion arbiter Eva Chen.last_img read more

Caz softball rallies past Chittenango, moves to 10-0

first_imgSomehow, the Cazenovia softball team had remained undefeated longer than any other Onondaga High School League side this spring, and it finally got them a spot in the state Class B rankings last week, taking the no. 25 spot.And if anyone perhaps doubted that a special season was unfolding for the Lakers, they were silenced Thursday at Chittenango, where a stirring late-game comeback helped Cazenovia beat the Bears 8-6 for its 10th win in a row.The two sides traded second-inning runs before Chittenango scored twice in the third to go in front 3-1, only to have the Lakers net three runs in the top of the fourth to take its first lead. Back on Monday, the Lakers roared past Altmar-Parish-Williamstown 19-2 to make it eight wins in a row, wasting little time as it batted around twice in the first inning and recorded 12 runs.More runs would follow as Fenton went four-for-four to pace a 16-hit attack, matching Hannah Matteson as they both got three RBIs, Matteson doubling twice.Wilmot pitched and got the win, also joining Morgan and Maddie Young in getting a double and two RBIs apiece. Paddock also drove in two runs. Hausser, Mackenzie Waite and Maddie Waite each scored twice.At Mexico two days later, Cazenovia went for nine in a row, and didn’t have any difficulty getting it as it put away the Tigers 14-2.With five runs in the first inning and three more in the top of the second, the Lakers again flourished at the plate and took advantage of Mexico’s poor defense as it committed seven errors overall.Aside from pitching a complete game, Morgan went three-for-four, scoring three times and driving in two runs. Matteson also scored three runs as she, along with Hausser, Paddock and Fenton, had one RBI apiece. Wilmot, Kylie Burnett and Mackenzie Waite each scored twice.Earlier In the week, Chittenango struggled against defending sectional Class B champion Christian Brothers Academy, taking a 14-3 defeat to the Brothers.Helped by Cassidy Kelly’s pair of RBIs and Savannah Penoyer’s two hits, Chittenango was tied, 3-3, through three innings, but saw CBA score twice in the fourth and nine more times in the ensuing two frames to get away, led by Vicoria Hall and Julia DelPino, who both went three-for-four and combined for seven RBIs.Share this:FacebookTwitterLinkedInRedditComment on this Story Tags: CazenoviaChittenangoSoftballcenter_img Trailing 4-3, the Bears got back even in the bottom of the fourth and followed up with a two-run rally in the fifth. Savannah Penoyer, with three hits and two RBIs, led Chittenango as Sydney Pellman, Avery Salce, Lilly Callahan and Jenna Osborne also drove in runs.It went to the top of the seventh with Cazenovia trailing 6-4, but three outs from its first defeat of the season, the Lakers broke out for four runs off Bears pitcher Sarah Lanphear, and made that lead stick when Samantha Morgan got the final three outs.Not only did Morgan pitch two scoreless innings in relief of Elora Wilmot, she also had a double and three RBIs. Mackenzie Waite went five-for-five as she and Autumn Paddock both drove in two runs. Kylie Fenton went four-for-four, scoring twice, while Helen Hausser had two hits and two runs scored, Wilmot adding an RBI.last_img read more

Focus on D-line as spring football starts

first_imgLet the formation of exceedingly high expectations begin.Spring football is here.Well, almost.The Badgers, coming off an inspired 10-3 season that put UW back on the national scene, will open spring practice Saturday.And Badger fans aren’t the only ones foreseeing a special season in 2010. Rivals.com lists UW at No. 9 in their preseason rankings, and ESPN.com’s Mark Schlabach has Wisconsin coming in at No. 10 along with SI.com’s Andy Staples.The lingering question about this program has been whether the Badgers can live up to the high expectations placed on them. They relish the underdog role but continuously falter when a high preseason ranking is attached to their name — check the 2007 season for reference. But with a returning starter under center and a Heisman candidate in the backfield, this year appears to be as good a year as any to prove the media right.And it all starts Saturday.So what are the major storylines fans should be following this spring? What position battles are of greatest concern?For Wisconsin, everything starts at the line of scrimmage, but entering spring ball the big boys up front on both sides of the ball appear to be polar opposites.The offensive line returns a ton of experience with seniors John Moffit and Gabe Carimi returning with all-conference potential written all over them. Those two will not participate in spring practice due to injury, but UW developed great depth last year that will get a chance to impress the coaches with more reps in front of them.Bielema and his staff have a wealth of options to choose from on the O-line, and that position group will undoubtedly be this team’s strength along with the rest of the offense, which returns every starter aside from Garrett Graham. Nothing to worry about there.The defensive line, on the other hand, appears to be this team’s weakness. And the spotlight will be on that group throughout spring ball.Five of the top six defensive tackles from last season have moved on, leaving a huge hole in the middle of the UW line. Among those holes is that of defensive end O’Brien Schofield, who was second in the nation in tackles for loss last season.So Charlie Partridge has a lot of work to do with his defensive line, but he’s got one player coming back who will make his life a little easier.That man is J.J Watt.The future success of the D-line will depend largely on the play of the junior defensive end, and if last year was any indication, Badger fans have a lot to be excited about.Watt and Schofield combined to form one of the nations’ top defensive end duos last year, and with OB gone, Watt will now be the focal point.At 6-foot-6 and 285-pounds, Watt is the prototypical strong-side defensive end. His size and rare athleticism for a guy that big have made him a force in the backfield, breaking up stretch plays before they even start.But with such little experience at the defensive tackle spot, Watt may be forced to move inside for the majority of snaps.And that move will say a lot of about the potential of the D-line.You see, if at the end of camp, Watt remains at defensive end, that tells us one very important thing — the coaching staff is comfortable with its stable of tackles.If Patrick Butrym and someone from the Ethan Hemer-Jordan Kohout-Tyler Dippel group emerge, then Watt can stay at his end position and wreak havoc while the tackles man the middle.David Gilbert showed flashes last season as a freshman and Louis Nzegwu has the tools to be a fantastic pass rusher off the weak side, so with Watt controlling the other end, a potent pass rush looks to be in order.But if we see Watt listed at DT in an updated depth chart, there is reason to fear the line may be limited in 2010.There is no doubt Watt would be a solid tackle, but the interior of the line is as much about clogging up space as anything else. Sure, every once in a while a defensive tackle will put up six or seven sacks, and the best can generate a pass rush up the middle, but there are more plays to be made on the edge.UW was the top team in the Big Ten against the run last year, thanks to the linemen staying in their lanes, occupying blockers and freeing up space for the Badgers’ talented linebackers to make plays (all linebackers except Jaevery McFadden return).The staff is committed to stopping the run, but it’s doubtful the pass rush will be as effective with Watt lined up inside. More blitzing linebackers would come into play, and that leaves the UW secondary in vulnerable situations. And that group is still trying to shed the inconsistent label (to put it lightly).So let’s hope the young tackles in the program are ready to step in and handle the rigors of Big Ten play. If not, Watt will have to step in and give the staff some stability up front.But while there are a lot of question marks surrounding the D-line this spring, I seem to remember similar questions about that group just a season ago. Instead of holding the team back, the UW line was the strength of the defense.Will we see similar results in 2010?Spring ball will give us our first hint, but you can be sure the special season Badger fans hope for hinges on Watt and the cast of lineman alongside him.Max is a junior majoring in journalism. Pumped for spring football? Think the D-line will duplicate last season’s success? Let him know at mhenson@badgerherald.com.last_img read more