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Watch “Diner” & “Tall Boy” From Widespread Panic’s Strong DC Finale

2021-03-02
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On: March 2, 2021
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first_imgLast night, Widespread Panic returned to the Warner Theatre in Washington, DC, putting the finishing touches on a powerful two-night run to open their fall tour. The band may not be touring extensively in the future, making each note all the more precious in the land of Panic. Fortunately, the band put on an impressive display of jammin’ rock and roll music for the show.Opening with “Diner,” the show was filled with highlights from top to bottom. Fortunately, YouTube user j cornell captured some great moments from the performance for all to enjoy.Watch the show-opening “Diner” below.Later on in the second set, the band broke out into their classic drinking song, “Tall Boy.” Watch that song too, below.You can see the full setlist from the show below, courtesy of PanicStreamSetlist: Widespread Panic at Warner Theatre, Washington, DC – 9/7/16Set 1: Diner > Bears Gone Fishin’ > Climb To Safety, Lil Kin > Travelin’ Light, B of D > Bust It Big > Weight of the World > Junior (78 mins)Set 2: Christmas Katie > Radio Child, Aunt Avis > Rebirtha > JAM > Imitation Leather Shoes, Tall Boy > Ride Me High > Drumz > Cease Fire > Honky Red (92 mins)Encore: Chilly Water (9 mins)last_img read more

Heaney’s death caught ‘the heart off guard’

2021-03-01
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On: March 1, 2021
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first_imgWhen a famed poet dies, words come tumbling to mind.For the many members of the Harvard community who knew Irish poet Seamus Heaney, the 1995 Nobel laureate in literature who died Friday, the news of his death mirrored his description of a fine poem: “It catches the heart off guard.”Critics often called Heaney, who died in Ireland at 74, the finest Irish poet since William Butler Yeats. He began teaching at Harvard as a visiting professor in 1979, was elected the Boylston Professor of Rhetoric and Oratory (1984-95), and then eased into a final Harvard rhythm as the Ralph Waldo Emerson Poet-in-Residence, a post he held until 2006.During all of his part-time residences at Harvard, he lived in Adams House. “The arts and bohemia were represented there,” he said in a trans-Atlantic interview with the Harvard Gazette last year. “It was a desired address.”In 1998, Harvard gave Heaney an honorary degree. The citation, summing up the poet’s life, read: “Amid history’s blood-dimmed tide, risen from the dank sod of memory and silence, his resonant verse reminds us that ‘the end of art is peace.’ ”“We are fortunate and proud to have counted Seamus Heaney as a revered member of the Harvard family,” said Harvard President Drew Faust.  “For us, as for people around the world, he epitomized the poet as a wellspring of humane insight and artful imagination, subtle wisdom and shining grace.”Poet Jorie Graham, the current Boylston Professor of Rhetoric and Oratory, said in an email: “When death takes one of their great poets, an event which happens only a few times in a century to any given people, in any given language, there is always a terrifying silence that follows. Who will sing our soil, our inner secrets, our history, our transactions between those two, our loves? One lives to feel the passing of such a voice rarely, maybe once in a lifetime, and today is one of those days for so many humans on this earth.”Heaney’s longtime friend, collaborator, and colleague Helen Vendler, Harvard’s A. Kingsley Porter University Professor, introduced the Northern Ireland native at a 2008 reading as “a poet of the century, and the new century, but also a poet of Harvard.”Heaney’s last official appearance at Harvard was in May 2012. At Morning Exercises, in honor of the University’s 375th year, he reprised his 1986 “Villanelle for an Anniversary,” composed for the University’s 350th.In her tribute, Faust recalled that “inimitable villanelle” and said it will “forever remain one of the most eloquent evocations of what our University is and aspires to be, with our books open and our gates unbarred.”The demanding 19-line poetic form relies on the rhetorical power of repetition, in this case, alternate rhyming refrains lifted from the first stanza. “There’s a kind of bell-ringing quality to the villanelle,” said Heaney told the Gazette last year, “which makes it easy on the ear.”Soundbytes: Anatomy of a villanelleIn an interview last year, Seamus Heaney reflected on writing a villanelle to mark Harvard’s 350th anniversary in 1986. “There’s a performance element to it,” he said of the songlike poetic form of 19 lines used brilliantly by Dylan Thomas, Elizabeth Bishop, and just a few others. Read it too smooth and it sounds “pat,” said Heaney, who reprised the poem at Harvard in 2012. Read it too rough and “it sounds galumphing along.”Harvard English professor, essayist, and poetry critic Stephen Burt wrote in an email that the death is “an inestimable loss for his friends, for his students and former students, for Harvard, for Ireland, for the many readers all over the world that his work has attracted (and rewarded, and deserved), and for the history of poetry in the English language, in whose achievements, transformations and delights he played a great part.”Burt praised Heaney’s deep-feeling style, saying, “He wrote with gravity, and with care, and with attention to his own place of origins; he also wrote with verve, with pleasure, with elaboration, on his own frequency, which became one of ours.”David N. Hempton, dean of the Harvard Divinity School and a fellow native of Northern Ireland, crossed paths with Heaney in 1970 at Queen’s University in Belfast, where the poet was a young lecturer in the English Department and Hempton was a freshman.“It was an obviously tremendous shock,” he said of Heaney’s death, “though I knew he had been unwell.” In January, the Divinity School had invited Heaney to deliver this fall’s Ingersoll Lecture on Immortality, a tradition since 1896. “He sent me one of the world’s great ‘No’ letters,” said Hempton. “It was almost a joy to read the letter, despite the rejection.”During the 1970s and 1980s, Hempton said, people in Ireland “north and south were reading his poems,” a unifying Irish literary experience despite the era’s sectarian strife. “It was quite evident to all of us that he was … a poet of extraordinary distinction.” Heaney had a magical grasp of the language, a “realism united to hope,” said Hempton, that was free of pretension and inspired by Ireland’s landscape and language. “He was always the son of his rural parents.”The poet, born in a County Derry farmhouse, also thrived as a translator and playwright. As a translator, his 2000 rendering of “Beowulf” combined the music of Anglo-Saxon influences and modern English. It won the Whitbread Book of the Year award.“Heaney was necessary to people speaking his language — a language which he, more than anyone, traced back to its living roots in Gaelic, Anglo-Saxon, Latin, Greek, though never losing its local inflection,” said Graham. “That he was also necessary to people speaking so many other languages, on this beautiful and war-torn and lonely planet, is a testament to the universality of his soul’s singing.”From 1973 to 1999, Robert Kiely was master at Adams House, Heaney’s Harvard home. (Kiely is now Donald P. and Katherine B. Loker Professor of English Emeritus.) “I can never forget his coming to live in a very modest guest suite in Adams House when he was a quite young, esteemed, but not yet world famous, poet,” Kiely recalled in an email. “Guests of the Harvard Houses often take a room, but never show up for anything.  That was not Seamus.  He had meals in the dining room with students, gave formal and informal readings, taught classes, and, best of all, brought Irish friends, musicians, to our annual St Patrick’s Day teas and recited poetry while standing on a chair while I (before the rules tightened) bartended black-and-tans in the master’s study of Apthorp House.”Heaney also set a new standard, remembered Kiely. “As a student, I thought poets had to be odd and neurotic, which was true enough of many of the American poets of my generation,” he said. “But Seamus — God bless him — was a sane as well as a greatly gifted, kindly, good-humored, and modest man.”Every semester-long visit began the same way, Heaney recalled last year: “Go straight to Adams House, set up, and then go straight to the bookshops.” After that, he always stopped at One Potato, Two Potato, a long-gone restaurant on Massachusetts Avenue.Heaney fondly recalled the material Harvard, and its resonances, including the Yard, which lent him a sense of his own boyhood on a farm. There was also “the excitement of driving along Storrow Drive and seeing the outlines of the Houses, which was a kind of moment I would remember always.”Some evenings, Heaney said, he would slip away to smoke a cigar outside Apthorp House. He enjoyed other quiet corners at Harvard too, including the library at Adams House and the Woodberry Poetry Room at Lamont Library. “It was quite easy to sit down,” said Heaney, “and doze off, even.”He remembered writing just two poems during all his years at Harvard, intervals that were more full of teaching, reading, and poetry readings than the business of writing poems. “I tended to regard the Harvard stint as a kind of executive moment in life,” said Heaney. “Your public self was on.”He felt a tenderness for Harvard, remembered Kiely. “On the day he heard he was awarded the Nobel Prize, he phoned us (before cellphones) because he said he was too happy to keep the news to himself,” Kiely recalled. “I took the call during one of our teas and announced it to storms of Adamsian applause.  I think we all really loved him.”Heaney’s two compositions while at Harvard were the anniversary villanelle and “Alphabets,” which was written for the Phi Beta Kappa Literary Exercises in 1984. “Traditionally the Phi Beta Kappa poem is about learning,” Heaney said. “So mine was [about] making the first letters at primary school.”An early line starts: “There he draws smoke with chalk the whole first week / Then draws the forked stick that they call a Y. / This is writing.”“Alphabets” is a tribute to reverie, childhood, longing, and to the graduated nature of learning. Over time, letters on a slate become boyhood Latin and then a poet’s alphabet of a “new calligraphy that felt like home.” The poem continued: “The letters of this alphabet were trees. / The capitals were orchards in full bloom, / The lines of script like briars coiled in ditches.”During his second-last reading at Harvard, in 2008, Heaney reflected on the anniversary poem, which he had read to a crowd of 20,000 in 1986. The repeating lines made the villanelle handy for reading over loudspeakers, he said, since, “If you’re going to read a poem in the open air, over large speakers, to large crowds, make sure it’s very clear.”Over the years, Heaney’s readings at Harvard and elsewhere were so wildly popular that his fans were called “Heaneyboppers.”A world of them now mourns.“Today many will pick up his books to hear him momentarily again,” said Graham. “He will give them back the depth of their being, awaken their sprits, quicken their hearts. He will awaken them to the complexity of existence, the mystery of mortality, and help them take the measure of the heartbreaking conflicts and confusions of history without ever losing the sense of the horizon at which history and poetry may rhyme. And then he will be read down the centuries as long as there are readers.“As for the man, so many people will miss him desperately in what they will feel is an intimate way, as he was an astonishing friend,” she added. “Rare indeed is the man about whom it can be said that the greatness of his soul is matched by its goodness. It is a sad day indeed when his early words ‘between my finger and my thumb, the squat pen rests’ take on their late meaning. His words will not rest.”Burt added, “He will be read and re-read. And he will be missed.”last_img read more

How Technology is Revolutionizing Healthcare and Helping Save Lives

2021-02-27
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On: February 27, 2021
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first_imgDid you know that while we humans are 99.9 percent identical at the genome level, it is the 0.1 percent variation that explains many of our individual traits, including our susceptibility to diseases?[i]“Rare” diseaseDid you also know that what is termed “rare disease” is actually not so rare, as modern medical discoveries continue to reveal novel conditions that limit people’s everyday lives and were previously undiagnosed and untreated? According to Rare Disease UK[ii], there are between 6,000 and 8,000 known rare diseases with around five new rare diseases described in medical literature each week. Actually, one in 17 people around the globe will be affected by some form of rare disease, either seriously or in a less serious form. In fact, the carriers of rare diseases globally are easily equivalent to the population of a large country.And, to add to this, there is of course cancer, which comprises a genetic disease category in its own right. Non-medical people, like me, tend to forget that cancer isn’t just one disease – it’s actually hundreds of diseases forming thousands of combinations, each requiring a personalized and adjustable treatment plan.Modern personalized diagnosticsThe good news is that over the past ten years, tremendous biotechnological advances have not only changed the way we diagnose and treat genetic disease (and other more common disorders) but have also created a wealth of biomedical data. This has contributed hugely to our genetic disease knowledge, leading to a self-feeding loop of improved diagnosis and treatment. The key technology – Next Generation Sequencing (NGS) – allows for cheap, fast and accurate acquisition of a person’s whole or partial genome with countless applications, spanning disease diagnosis treatment to lifestyle decisions.Rapid diagnosisGoing back to disease susceptibilities, were you aware that genetic disorders are a leading cause of infant deaths? Unfortunately, diagnosing acutely ill babies is a race against the clock. While standard diagnostic methods are usually too slow to make a difference, an NGS technique called Whole Genome Sequencing (WGS) can meet the critical time window to save lives. As WGS has become more affordable, it is also becoming more broadly available to patients. Today, new-born screening is currently available for about 60 genetic diseases with more to follow. As Dr. Stephen Kingsmore, President and CEO of Rady Children’s Institute for Genomic Medicine said, “Rapid diagnosis of critically ill newborns is no longer an academic exercise; it’s a reality for critically ill new-borns.”In addition to new-born disease screening, WGS is also used to end the diagnostic odyssey of children and adults, who suffer from unusual genetic disorders and cannot reach a diagnosis through traditional methods.Immune and gene therapyLikewise, immune therapy and gene therapy – the process of treating an acquired disease like cancer either by using the patient’s own immune cells or by modifying their DNA – is also part of the present-day clinical treatment toolkit. This high accuracy, ultra-rapid method allows the simultaneous evaluation of nearly all 5,000 known genetic diseases in a single test, all enabled by guess what? Yes, believe it or not – a high-performing IT technology compute and storage solution!Precision medicineThese are two great examples of what the healthcare industry calls precision medicine – treatments that look at the genetic profile and genetic characteristics of the patient as well as the specific disease that the patient is dealing with. Using this information, doctors are then able to create a personalized treatment plan for each patient that continues to evolve and adapt as required.How we support healthcareAs western healthcare systems creak under the pressure of aging populations with chronic diseases and not enough funding to cope, health care authorities and hospitals are rapidly moving to adopt big game changers, like whole genome sequencing.Globally, we at Dell EMC OEM are working with a number of specialist companies in this field, sharing our expertise on the underlying compute and storage technology involved. For example, one of our partners, HybridStat has developed Geniasis, a DNA analytics platform, powered by Dell EMC architecture, which performs WGS analysis for diagnostic purposes. HybridStat also offers bioinformatics consulting services to life scientists.Deepening understanding and enabling new productsWe also work with organisations like Genomics England, Genomics Scotland, Genomics France and Genomics Wales, who do great work to expand the medical world’s understanding of diseases. For example, at the end of 2018, Genomics England achieved its goal of sequencing 100,000 genomes from around 85,000 people.[iii] This project – the largest national sequencing project of its kind worldwide – is enhancing researchers’ understanding of diseases while also supporting the development of products for earlier detection and treatment. You can read more about our work with Genomics England here.In a separate development, the British Government also announced plans last year to use artificial intelligence to diagnose cancer at earlier stages, which they believe will prevent 22,000 deaths by 2023.[iv]IT technology has enabled progressWhat has driven this revolution? Of course, medical research has made and continues to make huge advances but there’s no doubt that IT technology has been a significant enabler. Up until now, genome scale data management, annotation, interpretation and reporting were expensive and complicated, especially for clinical purposes.Now, thanks to rapid IT technology developments, DNA sequencing has become faster and cheaper with scientists now sequencing an entire genome in 22 minutes, while the process previously took days.[v] However, despite such advanced progress, experts say that the whole genome sequencing process needs to become even more automated if it is to realize its full potential.The rocket fuelHow do we get to this next stage? Of course, it goes without saying that we need scientists and continued investment in medical research. However, researchers also need the right tools like high performance computing and storage. The current estimate is that up to two billion genomes will be sequenced by 2025 and that storing, and processing genome data will reach up to 40 exabytes, exceeding the computing challenges of running YouTube and Twitter.[vi]Advances in IT technology have brought genomics within the reach of mainstream healthcare. Over the long-term, I believe that all these combined developments will transform patient care, leading to faster diagnosis and breakthrough treatments. The idea that technology should be a driver of human progress is central to how we think as a company – it’s all part of our commitment to Dell4Good, where we put our technology and expertise to work to improve lives.What are your views? I would love to hear your comments and questions. Come meet us at HIMSS19, Booth # 3159 in Orlando, Florida, February 11-15. Meet our experts, experience our demos and hear directly from customers discussing their successful technology deployment in Health IT Transformation, Precision Medicine, Connected Health, and Security. To learn more about Dell EMC OEM Solutions, visit: https://www.dellemc.com/en-us/oem/healthcare.htmKeep in touch. Follow us on Twitter @DellEMCOEM, and join our LinkedIn OEM & IoT Solutions Showcase page here.[i] https://www.genome.gov/19016904/faq-about-genetic-and-genomic-science/[ii] https://www.raredisease.org.uk/what-is-a-rare-disease/[iv] https://www.gov.uk/government/news/pm-to-set-out-ambitious-plans-to-transform-outcomes-for-people-with-chronic-diseases[v] https://www.emc.com/collateral/solution-overview/h15368-dell-emc-edico-genome-so.pdf[vi] https://www.nature.com/news/genome-researchers-raise-alarm-over-big-data-1.17912last_img read more

Overdraft fees top $1 billion at the big 3 banks

2020-12-18
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On: December 18, 2020
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first_img 19SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr You aren’t alone if you’ve ever been hit with an overdraft fee from your bank.by: Heather LongAmerica’s three biggest banks — JPMorgan Chase (JPM), Bank of America (BAC) and Wells Fargo (WFC) — made more than $1.1 billion on overdraft fees in the first three months of the year.Despite efforts to curb these charges after the financial crisis, they are still a big money maker for banks.If the fee collection pace keeps up, the big three banks are on track bring in $4.5 billion in overdraft charges by the end of this year. That works out to about $20 for every American adult.Banks aren’t supposed to charge customers overdraft fees when they use an ATM to get cash unless the customer chooses or “opts in” to get the cash despite the fee. That said, banks can still levy a fee if someone’s balance goes negative because a check is cashed or an automatic payment such as rent goes through and there aren’t sufficient funds to cover it. continue reading »last_img read more

Broome County landfill to change its hours this weekend

2020-12-08
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On: December 8, 2020
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first_imgOn July 4, the landfill will be closed. (WBNG) — Broome County is alerting residents that the county landfill’s hours will be different for the holiday weekend. The county says the landfill will be open Friday from 7 a.m. to noon.center_img If you have questions, contact the division of solid waste.last_img

Uber, Lyft expected to prevail in California measure

2020-11-20
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On: November 20, 2020
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first_img– Advertisement – California voters decided Tuesday that Uber and Lyft should be exempt from state labor law that aimed to make their drivers employees rather than contractors, according to projections from NBC News.Voters made the call on California’s Proposition 22, a ballot measure that essentially became one of Uber and Lyft’s last hopes in the state to continue their operations under the status quo.The proposition would allow drivers for app-based transportation and delivery companies to be classified as independent contractors in many circumstances. While that would disqualify them for benefits granted to employees, the measure also entitles drivers to new benefits like minimum earnings and vehicle insurance.- Advertisement – – Advertisement – While Uber and Lyft were able to raise gobs of cash from venture capitalists while private and have multi-billion dollar valuations on the public market, neither has reached profitability. That makes the contractor-driver model especially important to the businesses, allowing them to avoid costly benefits associated with employment, such as unemployment insurance.The companies have warned they’d likely have to pass on increased costs of worker reclassification to consumers. Uber estimated in a blog post earlier this year that it would have to raise rider prices between 25% and 111% in parts of California to cover the costs.The New York Times reported in August that both companies were considering a fleet-like model, similar to traditional taxis. Under that model, the companies would license their brands to operators like a franchise, according to the Times.The proposition has significant implications for DoorDash and Instacart as well, both of which are reportedly preparing to go public. Like Uber and Lyft, these companies also rely heavily on gig workers for their delivery services. Without the passage of Proposition 22, the companies would likely worry about potentially larger expenses to hire workers as employees.Critics like Rep. Ro Khanna, D-Calif., have said that there’s nothing written into current labor law stopping Uber and Lyft from providing flexibility to drivers while classifying them as employees. The companies have countered that the logistics of such a model would be untenable since it would be too difficult to track time worked.The companies faced a setback in August when a trial judge granted a preliminary injunction forcing them to reclassify their drivers as employees, although that ruling has yet to go into effect as the case makes its way through the legal process. The lawsuit’s fate is unclear now that the ballot measure has passed.Representatives from Uber, Lyft and the California attorney general’s office did not immediately respond to requests for commentWATCH: Uber, Lyft spend millions on campaign to protect their business in Californiacenter_img Several gig economy apps backed the measure, including Uber, Lyft, DoorDash, Instacart and Postmates, which Uber is acquiring. The support from these companies helped raise nearly $203 million to back the measure, while opponents raised less than $20 million, according to tallies compiled by Ballotpedia.Democratic presidential nominee Joe Biden opposed the measure. Biden tweeted in May that Californians should vote no on the initiative and said, “gig economy giants are trying to gut the law and exempt their workers. It’s unacceptable.”- Advertisement – Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during an interview in Tokyo, Japan, on Wednesday, July 3, 2019.Akio | Bloomberg | Getty Imageslast_img read more

Boulton bites back

2020-10-20
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On: October 20, 2020
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first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Investors are looking to profit through small subdivision projects, but success relies on due diligence

2020-10-06
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On: October 6, 2020
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first_imgAmanda and Jason Eaton are small developers profiting from subdivision.DEMAND for small subdivision projects is heating up as mum-and-dad developers look to break free of the daily grind, according to developer Shane Hiscock.He said fast profits were tempting, but inexperienced entrepreneurs were overpaying for sites.“I bid on one the other week,” he said. “Seven offers … and I was blown out of the water by about $50,000.”Mr Hiscock said according to his calculations, if the buyers subdivided this site, they were on track to lose money.“It’s getting more competitive and I think sometimes people may not realise the costs involved in doing these things,” he said. The developer said he aimed for a profit of at least 15 per cent of the total project costs.“There are little bits and pieces that can come up that can blow (the costs) out pretty quickly,” he said.“We always allow for between $65,000 and $80,000 for a one-into-two subdivision, and we’ve had some of those costs (rise) up to $110,000 or $120,000.”As a manager at SCM Project Managers, Adrian Stagg said most people were capable of completing small subdivision projects, but they required careful due diligence.“One always has to do their research in calculating end value and the costs of subdivision,” he said.“I think anyone can do them … but people seem to think all subdivisions are created equal – and they’re not.”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 agoMr Stagg said one of the biggest mistakes first-timers made was failing to understand how water, sewer and stormwater costs could eat up their profit.“Probably the most common is getting stormwater off the block,” Mr Stagg said.“Look for blocks that are sloped towards the road, not away from the road.”Amanda and Jason Eaton had already completed a few small projects prior to their recent Salisbury venture.The couple paid $650,000 for their 1012sq m site after hearing from the agent before it hit the market.Ms Eaton said the property even had tenanted flats, so they could collect rent while awaiting subdivision approval.She said while they usually sought profit of between $80,000 and $100,000 on a project, they would achieve a little less on this deal due to a tightening of demand for the end product.Ms Eaton said small developers must be well prepared, even if a deal looked easy. “As clean as the site sometimes looks, it’s amazing how you can get a curly one thrown in from the side that no one picked up. Then all of a sudden council puts some sort of weird condition on it and you’re like, ‘Whoa! Where did that come from?’”Ms Eaton’s advice was to make sure you really knew your numbers and could confidently proceed once an opportunity presented itself.Her other tip was to be an area expert. Pick your location, then walk the streets, attend open homes and know the sales evidence. “As soon as an agent phones us or we hear of a deal, we know exactly what we should be able to achieve with that site and what is our buy-in price that we’re willing to go to,” she said.last_img read more

Ex-ATP chief Stendevad to join Bridgewater

2020-09-29
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On: September 29, 2020
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first_imgCarsten Stendevad, who resigned as CEO of Danish pension fund ATP in August, is to join US hedge fund giant Bridgewater Associates.Stendevad will work with the Connecticut-based firm for a year as part of a new “senior fellowship program”, Bridgewater founder Ray Dalio said in a letter to clients, which was also posted on LinkedIn.Dalio said the programme would “bring highly distinguished individuals into Bridgewater for a year to explore what our culture is like and lend their expertise and insights to our organization”.“We expect a limited number of such special people to join this program in the future,” he added. Stendevad left ATP last year after three years at the helm, citing family reasons. The DKK859bn (€115.6bn) pension fund named Christian Hyldahl as his successor in October.ATP uses a similar “all-weather” investment strategy to that employed by Dalio since he founded the hedge fund group in 1975. The model was in part inspired by Bridgewater, and the two organisations have worked together for more than a decade discussing multi-asset issues.ATP’s new CIO, Kasper Ahrndt Lorenzen, told IPE last year that the Danish pension’s multi-factor method was also indebted to the thinking of another US investment manager, AQR, and the academic field of “financial economics” more generally.In his letter, Ray Dalio also announced a shake-up of the group’s senior management, involving him stepping down as co-CEO of Bridgewater to focus on his role as co-chief investment officer.Dalio said his co-CEO role was always intended to be temporary, to aid the transition of Greg Jensen out of his chief executive position. Jensen is now co-CIO at the firm. Dalio’s own transition would be complete as of 15 April, he said.Jon Rubinstein, also co-CEO, is to leave after less than a year as part of the changes. Dalio said the pair “mutually agree that he is not a cultural fit for Bridgewater”. Rubinstein – a former Apple executive credited with helping create the iPod – will transition to an advisory role, Dalio said.Bridgewater president David McCormick is to become a co-CEO alongside Eileen Murray, who has been co-CEO since 2011.“Any organization run by a 60+ year old that says that it isn’t in transition is either naïve or disingenuous,” Dalio said. The hedge fund group – which now runs more than $160bn (€151.4bn) – is famous for its policy of “radical transparency”, based on Dalio’s founding principles. Bridgewater employees must be “extremely open, air disagreements, test each other’s logic, and view discovering mistakes and weaknesses as a good thing that leads to improvement and innovation”, according to its website.last_img read more

Housing estate continues to expand

2020-09-28
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On: September 28, 2020
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first_imgKalynda Chase is releasing another 31 lots.KALYNDA  Chase is releasing another 31 lots as the masterplanned community continues to expand.The release on Periwinkle Way will feature lots up to 582sq m and priced from $142,000 to $164,500.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020The Periwinkle release will feature a park with a range of equipment including a Kompan Megatower along with shaded picnic areas.The estate by Australian developer Urbex already has 1170 lots spread over 161ha. Urbex sales manager Vi Miller said the latest release offered quality yet affordable housing option while being close to parkland.“We have prided ourselves in creating a community of in excess of 3500 residents at Kalynda Chase offering a relaxed yet convenient lifestyle,” she said.“We’re also looking forward to incorporating a brand new park in the latest release, creating another vibrant outdoor place for families to enjoy.”The Periwinkle release has been deigned to ensure future residents have easy access to open space and parkland while being connected to all of Kalynda Chase’s facilities.last_img read more

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