Joe Russo’s Almost Dead Opens Northeast Run With Exploratory Show At Penn’s Peak [Audio/Video]

first_imgOn Wednesday, Joe Russo’s Almost Dead opened up the first show of their four-night Northeast run with a performance at Jim Thorpe, PA’s Penn’s Peak.Joe Russo’s Almost Dead opened up their first set with a jam before smoothly flowing into “Peggy-O”. Bassist Dave Dreiwitz led the band into “The Music Never Stopped”, which included teases of Black Sabbath‘s “War Pigs” and John Coltrane‘s “A Love Supreme”. “The Music Never Stopped” segued into “Loose Lucy”, last played by Joe Russo’s Almost Dead on December 31st, 2016 at The Capitol Theatre. The quintet kept on chugging with an open-ended jam that made way for “Weather Report Suite”, playing the first part of the tune as an instrumental. Joe Russo’s Almost Dead closed out the first set with “Stella Blue”.Joe Russo’s Almost Dead came back out to open their second set with the classic “Man Smart, Woman Smarter” before the band moved forward with a smoothly-segued grouping of “The Eleven”, a jam on “Let It Grow”, and “Easy Wind”. The wind kept blowing at Penn’s Peak, as JRAD followed “Easy Wind” up with “Black Throated Wind”. The remainder of the set was a monstrous segue, as the quintet worked through “Goin’ Down The Road Feeling Bad” into an instrumental take on “We Bid You Good Night”, with the latter featuring tease of “Fire On The Mountain”. The band continued “Fire” into an open-ended jam chock-full of “Terrapin Station” teases. JRAD continued in the “Terrapin” theme with “Lady With A Fan” before Marco Benevento darted off into an exploratory solo, which featured teases of Led Zeppelin‘s “No Quarter”. “Terrapin Station” brought the full-throttle second set to a triumphant closing. “Big Railroad Blues” served as the evening’s lone encore.Joe Russo’s Almost Dead – “Man Smart, Woman Smarter”[Video: nugsnet]Listen to full-show audio from last night’s show courtesy of taper Rich Stoler.Joe Russo’s Almost Dead – 3/13/2019 (Full-Show Audio)[Audio: Rich Stoler]Tonight, Joe Russo’s Almost Dead wil head to New Haven, CT for a performance at College Street Music Hall, followed by a show at Montclair, NJ’s Wellmont Theater (3/15) and Cleveland, OH’s Masonic Auditorium (3/16).For a full list of Joe Russo’s Almost Dead’s upcoming tour dates and ticketing information, head to the band’s website.Setlist: Joe Russo’s Almost Dead | Penn’s Peak | Jim Thorpe, PA | 3/13/2019Set One: Jam -> Peggy-O, The Music Never Stopped @ > Loose Lucy #, Jam -> Weather Report Suite: Prelude / Part One $ ->Let It Grow %, Stella BlueSet Two: Man Smart Woman Smarter > The Eleven -> Let It Grow Jam -> Easy Wind, Black Throated Wind -> Goin’ Down The Road Feeling Bad > We Bid You Goodnight ^ -> Fire On The Mountain -> Jam & -> Lady with a Fan -> Marco Solo * -> Terrapin Station +Encore: Big Railroad [email protected] – With a “War Pigs” (Black Sabbath) Tease (Band) and a “Love Supreme” (John Coltrane) Tease (TH)# – Not Played By Almost Dead Since 2016-12-31 Capitol Theatre, Port Chester, NY, a gap of 90 shows$ – Instrumental, Not Played By Almost Dead Since 2017-11-09 Teragram Ballroom, Los Angeles, CA, a gap of 57 shows% – With a “War Pigs” (Black Sabbath) Tease (TH)^ – Instrumental, With a Fire On The Mountain Tease (TH)& – With Terrapin Teases (Band)* – With “No Quarter” (Led Zeppelin) Teases (MB)+ – With a “War Pigs” (Black Sabbath) Jamlast_img read more

Dutch government rules out pressuring ECB on QE, low interest rates

first_imgFor his part, Omtzigt had said he wanted to prevent low interest rates from causing further damage to the predominantly capital-funded pension system in the Netherlands.He said he feared that the Dutch state – with its own central bank DNB being a stakeholder in the ECB – ran an increasing financial risk due to low rates.According to Omtzigt’s estimates, a 0.3% drop in rates would immediately increase combined Dutch pension liabilities by €45bn, while a drop of 1% would increase liabilities by €165bn.He warned that the gradual impact of the ultimate forward rate (UFR) – part of the discount mechanism for liabilities – stood to increase these liabilities to €75bn and €220bn, respectively, in 10 years’ time.If pension-fund participants were to account for these increased liabilities through rights discounts over a 10-year period, it would cost them each, respectively, €600 and €1,800 a year, Omtzigt said.At the same time, he said, a 0.3% drop in interest rates would cause cost-covering contributions to jump to €2bn, and – also owing to the UFR’s impact – double to €4bn in 10 years’ time.In another example, he pointed out that, at present, a 27-year-old had to pay 145% more to reach a pension target of €100 when compared with 2008, when interest rates were at more than 4%.A 62-year-old worker, Omtzigt said, today faces a 25% cost increase to meet this same goal.Dijsselbloem, however, ignored the MP’s call to investigate the impact of low interest rates on the Dutch pension system. The Dutch government will not pressure the European Central Bank (ECB) to reduce its quantitative easing (QE) programme in order to push up interest rates, Dutch finance minister Jeroen Dijsselbloem has said.Speaking at a debate in the Dutch Parliament, Dijsselbloem took pains to emphasise that the government was adhering to the principle that central banks should be independent.Responding to a motion tabled by Christian Democrat MP Pieter Omtzigt, Dijsselbloem said low interest rates were “patently not the ECB’s fault” and argued that they had been falling gradually in Western economies for the last 20 years.Citing the UK and Japan as examples, he also argued that QE was “not an extraordinary financial instrument”.last_img read more

​Danish appeals board rules market-rate switch not necessary

first_imgHowever, this was refused by the Danish FSA, it said, adding that the supervisory board did not agree with this and referred it to the Ministry of Industry, Business and Financial Affairs’ Commercial Appeals Board (Erhvervsankenævnet).“Now, the Commercial Appeals Board has made its decision, and it does not advocate a collective transition to market interest rates,” AP said.Cecilie Therese Hansen, chair of AP’s supervisory board said: ”The decision was primarily based on the fact that although the transition is sensible and will entail a number of benefits for the members, the FSA and the Commercial Appeals Board did not believe that the transition was necessary in relation to the members’ interests.”AP said that since the ruling was largely based on the necessity of the change, it did not alter the assessment that a transition to market rates would create added value for scheme members.The fund said the supervisory board would decide at its next meeting in August whether the case should be appealed, and how a market-rate pension scheme should be offered on the basis of individual choice.“If necessary, a decision on offering members the option to make an individual choice to change will be taken at an extraordinary general meeting which is expected to take place by the end of 2020,” AP said.AP and PJD have now both decided at their 2020 annual general meetings to offer all new members a market-rate scheme, with PJD having done so on Monday, following AP’s member vote at the end of May.Hansen said all members had the same level of risk under the current average rate product, resulting in that level being too low for younger members and too high for older people.“The new product applies market-rate principles, with all members achieving a more appropriate investment profile,” she said, adding that the product AP planned to use also offered the option of individually adjusting the investment profile.In recent years, many Danish pension providers have moved away from traditional average-rate or with-profit pension products – with or without yield guarantees – in favour of market-rate or unit-link products which are less onerous in terms of solvency requirements.Looking for IPE’s latest magazine? Read the digital edition here. Two Danish pension funds have lost the latest round in their fight to switch all members to market-rate pensions from the traditional average-rate product without first getting individual consent.The Danish Commercial Appeals Board (Erhvervsankenævnet) has ruled against AP (Arkitekternes Pensionskasse), the pension fund for architects, and PJD (Pensionskassen for Jordbrugsakademikere & Dyrlæger), the pension fund for agricultural academics and vets, making such a change based solely on an overall member vote – backing the Danish FSA’s earlier decision.Both pension funds, which are run by labour-market pensions firm Sampension, announced the defeat on their websites.AP wrote: “The work to transition to a new and modern market-rate product for pension fund members has been ongoing for a few years, and the board would like to have offered a collective choice to change last year.”last_img read more

Sentencing law overhaul needed – Labour leader Andrew Little says

first_imgSentencing law overhaul needed so offenders don’t get off ‘scot-free’, Labour leader Andrew Little saysStuff 5 October 2016Family First Comment: Well said.New Zealand’s sentencing laws need an overhaul to stop offenders “getting off scot-free” without a conviction, Labour leader Andrew Little says.Little says some judges are getting it wrong when granting discharges without conviction, saying Parliament has to send a message that it is not acceptable.Wellington rugby player Losi Filipo’s discharge without conviction for a 2015 attack on four people is being appealed by police, while an Auckland man who beat his wife with a hammer was initially granted a discharge without conviction before the High Court overturned the decision.Little told The Paul Henry Show discharges without conviction in a number of recent cases had “left everybody scratching their heads”.“When there’s violence involved, when there’s a weapon involved, when you’re attacking a police officer or other frontline person like that, it doesn’t make sense that you kind of get off scot-free.”While judges had to take certain “aggravating factors” into account when determining a sentence, some did not seem to be giving them enough weight when granting a discharge without conviction.The courts had a duty to reflect the community’s expectations and concerns about crime.READ MORE: read more