Georgina Terepai at herKangaroo Point home. Picture: Darren EnglandRemnants of an Indian jail used in the renovation of this charming inner-city cottage are just part of the character that will have buyers flocking to today’s auction.Look behind its leafy facade, and this cottage at 61 Rawlins St, Kangaroo Point, is exactly what savvy buyers want — a simple, entry-level investment just a stone’s throw from capital city facilities and with enough charming quirks to create effortless character.The property’s owner, Georgina Terepai, knew she was on a good thing when she bought it 16 years ago.“I was thinking anything in that particular area I knew it would boom — it’s too close to the city not to,” she said. 61 Rawlins St, Kangaroo Point.Ms Terepai said the new owners would not have any trouble finding tenants.“I had mad football lovers and they loved it because they could just walk to the Gabba every weekend when the football was on,” she said.Despite its location between Main St and Shafston Ave, it’s relatively tranquil, according to Ms Terepai.She said the home, which had solar panelling, gas heating and water tanks, would suit a wide range of buyers — from double-income couples to small families.Marketed by Place Bulimba, it will be auctioned on-site on March 11, at 9.30am. 61 Rawlins St, Kangaroo Point.More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor7 hours ago“It’s taken its time, but now it’s really come to realisation.”The home’s charm is enhanced by the renovation Ms Terepai completed, creating a two-bedroom, two-bathroom property with two additional multipurpose rooms downstairs.“In the bathroom there’s a window frame from a jail in India. So it is quite a quirky house — it’s got a lot of character. It’s very colourful inside,” she said.Set on a 243sq m allotment so close to the Gabba you could almost mark a well-kicked Sherrin, the home’s easy access to the cool eateries at the ‘Paris End’ of Logan Rd in Woolloongabba mean you’ll rarely be starved of entertainment.
Swiss pension funds’ net income from investments doubled in 2017, allowing them to strengthen their reserves and reduce underfunding, according to new figures from the federal statistics office.Investments returned a net CHF64.1bn (€56.8bn), an increase of 104.1% on 2016, “thereby reflecting the good economic situation” in 2017, said the Bundesamt für Statistik (BFS) in a statement today.Pension funds stocked up their investment reserves by CHF27.6bn and their technical reserves by CHF4bn, and made pension payments of CHF22.6bn, it added.Investment reserves rose to CHF84.8bn in total – an increase of nearly 50% – and underfunding was cut to CHF32.2bn. The vast majority of underfunding (CHF31.9bn) was at public providers. As at the end of 2017 Swiss pension funds had CHF894.3bn in total assets, an increase of 8.5% on 2016 volumes, according to the official update. According to IPE’s 2018 guide to the Top 1000 European pension funds, Switzerland’s 10 largest providers had €208.8bn in assets under management as at the end of 2017. BFS also noted that the number of pension providers with regulated benefits and active members had continued to fall, from 1,713 to 1,643 at the end of 2017.There were 4.2m active insured individuals and 773,000 retired individuals receiving a pension.Around 39,000 people demanded a total of CHF7.3bn as a capital or partial capital payment upon retirement, up 7.2% on the year before. The average value of the lump sum payment in 2017 amounted to CHF188,842. Source: Bundesamt für Statistik Source: Bundesamt für Statistik
The International Energy Agency has warned that the U.S. sanctions on Iran could cause a spike in oil prices later this year, thus affecting the oil demand growth. Oil demand might also be hit by trade tensions.Tehran / Image by Behrooz Rezvani/Wikimedia, shared under CC BY 3.0 licenseIn its report in for July released on Friday, IEA first said that previous concerns about the stability of oil supply had cooled down somewhat, “at least for now.”“We have seen increases in production, mainly in Saudi Arabia and Russia, a surge in US exports in June that saw a record weekly average level of 3 mb/d, and a partial, but fragile, recovery in Libya. Ample supply has contributed to the Brent price falling from just over $79/bbl at the end of June to below $72/bbl earlier this week.“This cooling down in prices is clearly welcome for consumers: the biggest single product market in the world is US gasoline and the national average price increase seen during the spring seems to have stalled for the time being,” IEA said.For the time being, IEA said that the demand growth – the global number for 2018 – looks solid for now at 1.4 mb/d.However, IEA said, as we move through 2Q18 and 3Q18, growth is estimated at only 1 mb/d, partly due to comparisons with high year-ago demand levels and because prices (based on Brent crude) have typically been about 45% higher.“In OECD Europe, oil demand fell below last year’s level in 2Q18, and in the US falling gasoline demand has contributed to more than the halving of total demand growth in 2Q18 versus 1Q18. The two leading non-OECD oil markets, China and India, both remain on course to grow solidly this year, although data issues with respect to China cloud the picture to some extent.IEA said that some developing countries are taking steps to shield consumers from higher prices.“An example is Indonesia where plans are being made to increase sharply subsidies to maintain diesel and gasoline prices at current levels,” IEA added.Demand revised upwards for 2019, but supply disruptions loomFor 2019 demand growth, IEA has revised its outlook slightly upwards by 110 kb/d, partly influenced by the downward movement of the forward price curve.“Even so, there are considerable uncertainties. The risks to stable supply that will grow later this year could cause higher prices and thus impact demand growth,” IEA added.Another factor to consider is that trade tensions might escalate and lead to slower economic growth, and in turn lower oil demand. Trade tensions partly explain why the International Monetary Fund, in its recent World Economic Outlook Update, said, “The balance of [economic] risks has shifted further to the downside, including in the short term”.“For now, we have made no changes to our underlying economic and oil demand assumptions, but we are mindful that demand growth could cool down later this year and into 2019. If this does happen, it might dampen to some extent the impact on prices of any supply pressures,” IEA said.Low prices might not lastThe recent cooling down of the market, with short-term supply tensions easing, currently lower prices, and lower demand growth might not last, the agency has warned.“When we publish our next report in mid-September, we will be only six weeks away from the US’s deadline for Iran’s customers to cease oil purchases. As oil sanctions against Iran take effect, perhaps in combination with production problems elsewhere, maintaining global supply might be very challenging and would come at the expense of maintaining an adequate spare capacity cushion. Thus, the market outlook could be far less calm at that point than it is today,” IEA concluded.
Share Share 37 Views no discussions Share Tweet EducationLocalNewsTertiary DSC debate winners get semester fees waived by: – February 10, 2012 The winners of the DSC debate, Dylan Madisetti and Denzel Guye respectivelyTwo young men of the Dominica State College (DSC) who won a debate on Friday will not have to pay tuition fees for an entire semester. Denzel Guye and Dylan Madisetti of the Dominica State College (DSC) who opposed a debate organized by the Literary and Debating Society emerged winners with a score of 232 points.The topic of the debate was “Carnival celebrations are an important aspect of Dominican culture and as such students should be encouraged to participate fully” and the opposing team provided the judges with several reasons to support their position The Opposing team strengthened their arguments by using popular songs from local Calypsonians and bouyon songs to amplify their position.They highlighted these bands and musician’s lyrics stating that these do not promote positiveness and therefore students should not be encouraged to participate in such.The proposing team; Nickel Cuffy and Dilon Lawrence argued that Carnival is part of the Dominican culture therefore young people should be encouraged to participate in order for the island’s culture to be kept alive.The proposers claim that if young people are not encouraged to participate in Carnival, culture as we now know it might slowly change and disappear, however they did not convince the judges and scored 211 points.Second place, Dilon Lawrence and Nickel Cuffy respectively Dilon Lawrence was awarded best speaker of the Opposing team while Denzel Guye was awarded best speaker of the Proposing team and awarded plaques.The debaters were judged based on the following;•Analysis of proposition (10 points)•Use of evidence (10 points)•Soundness of argument (10 points)•Effectiveness of delivery (10 points)•Summation (10 points)•Team effort (5 points)The debate was sponsored by the National Bank of Dominica and the Archipelago Trading Limited and was held at the Public Service Union.Dominica Vibes News Sharing is caring!
A Portland man was sentenced Thursday to 30 years in prison in the slaying of his boyfriend, whose body was found near Dougan Falls in April 2017.Benjamin C. Serrato, 41, was convicted by a Skamania County Superior Court jury in April of first-degree domestic violence murder in the killing of Christopher M. Libert, 40, of Portland. Libert’s body was found April 1, 2017, near a bridge at Dougan Falls; an autopsy found he had been shot in the head and stabbed at least 10 times, court records say.As part of their verdict, jurors also found firearm and deadly weapon enhancements, as well as an enhancement for being a family or household member.Serrato was sentenced to 364 months in prison and 36 months of community custody, online court records show.At trial, Serrato testified that he stabbed and shot Libert once at his Portland apartment and shot him again after taking him to Dougan Falls. He claimed it was self-defense, according to Skamania County Special Deputy Prosecutor Patrick Robinson.Skamania County sheriff’s deputies arrived around 9:15 a.m. at Dougan Falls for a report of a death. Nearby campers and residents said they heard a gunshot in the area early that morning. One resident heard a vehicle drive away several minutes after hearing the gunshot, according to an affidavit of probable cause.