Pension fund for Dutch tyre industry drops Syntrus Achmea

first_img“As a consequence of this, new participants did not receive their start letter within the required term of three months,” he said.Last year, the pension fund paid Syntrus Achmea approximately €1m for its services.The company argued that problems with the new administration system dated from 2014 and said the issues had been resolved in the meantime. In November 2015, the €2bn pension fund for confectioners voiced similar complaints about Syntrus Achmea, claiming that the new administration system had caused considerable delays.At the time, the company said it had given precedence to correctness over timeliness.In 2012, it introduced a new system that linked companies’ salary administration directly with its pensions administration.At the time, it said the “new standard” would allow employers to inform both the Inland Revenue and the pension fund with the single push of a button.Syntrus Achmea is not the only pensions provider to come under pressure from clients of late.Last year, the large metal schemes PME and PMT, as well as the pension fund for the merchant navy (Koopvaardij), criticised their own provider and asset manager MN.They complained about problems with the calculation of benefits and communication with pensioners, as well as about the “too late and too slow” implementation of the improvement programme. Banden en Wielen, the €526m pension fund for the Dutch wheel and tyre sector, has dropped Syntrus Achmea, citing a number of complaints over the administration provided by the company. The pension fund switched to pensions provider and NN Group subsidiary AZL since its contract with Syntrus Achmea expired at the end of last year.The pension funds for Dutch confectioners (Zoetwaren), the retail sector (Detailhandel) and the recreation industry (Recreatie) have also dropped Syntrus Achmea in the recent past.Dutch news daily De Telegraaf quoted Ruud Spuijbroek, secretary for Banden en Wielen, as saying that the introduction of a new administration system at Syntrus Achmea last year “utterly failed”.last_img read more

AQR’s Lasse Pedersen calls for honesty about ESG and returns

first_imgProponents of ESG investing who insist it can only be a force for good for the world and portfolios are not telling the truth and hurt rather than help their case, according to Lasse Pedersen, financial economist and principal at quantitative asset manager AQR.Pedersen spoke at an AQR conference in London, where he presented a paper showing that a responsible investor’s decision about the costs and benefits of incorporating environmental, social and corporate governance (ESG) views in their portfolio can be conceptualised by an “ESG-efficient frontier”.Responding to a question from a delegate, Pedersen, who is also a finance professor at Copenhagen Business School and NYU Stern, said: “Insisting on something that is beyond what makes economic sense and what empirical data supports actually hurts your case, because it’s not true.”“I think people know in their hearts that ESG is not always good for returns,” he added. “I think being honest about the costs and benefits is the way to win the debate and promote ESG investing”Lasse Pedersen, principal at AQR Capital Management “I think being honest about the costs and benefits is the way to win the debate and promote ESG investing,” he said.Pedersen had been asked how AQR had come to “revisit” ideas expressed by its founder Cliff Asness a couple of years ago, when, in the delegate’s words, “Cliff was getting a lot of publicity for work saying ESG may be good for the world but it’s bad for your portfolio”.Pedersen rejected the implied claim that AQR had changed its mind about ESG, saying it was “a bit of a caricature” to describe Asnesss’s argument in that way.Pedersen explained: “Our view is that if you want to integrate ESG by having a more constrained portfolio than the optimal portfolio then it is true that more constraints should theoretically be reducing your returns.”“It is also true that if the market is fully efficient and many people are ESG-motivated, then eventually that should lower returns, so we’re still saying Cliff’s point is true.”This did not mean that being ESG-motivated was the wrong thing to do, Pedersen hastened to add.“It’s important to remember that if you get to this case, then we are in a situation where because investors are ESG-motivated, they accept a lower return for these very sustainable firms.“This means sustainable firms have a lower cost of capital so good things can happen for the world.”It was also true that some ESG information is return-enhancing, and AQR had been trading on some of those return-enhancing ESG signals for more than a decade, said Pedersen.“ESG-motivated” is one of three types of investors considered in the model Pedersen presented at the conference, with the other two being “ESG-unaware” and “ESG-aware”.Coming back to Asness’s comments, Pedersen suggested the founder had been reacting to some proponents of ESG mis-representing it as something that “is wonderful for the world and always maximises your return and Sharpe ratio”.The real world is more complex, Pedersen said in a clarifying comment for IPE.‘It’s always geek stuff’In an on-stage interview later at the conference, which was a joint event with London Business School, Asness said the article he had written two years ago included what he had thought was a very “pro-ESG” argument.He told delegates that in the piece – Virtue is its Own Reward: Or, One Man’s Ceiling is Another Man’s Floor, published in May 2017 – he was trying to explain how investors help change the world when they refuse to own certain companies.“Well, it’s geek stuff, it’s always geek stuff in the end,” he said at the conference. “You want the discount rate for the projects and people doing the bad things to be higher.”To do that, however, he argued on stage and in the article, meant getting someone else to own that company by paying them through a higher expected return, i.e. a lower price.A higher expected return for companies deemed harmful was “actually good news for you if you want to change the world because it means the companies will do less evil,” Asness said.“I was a little surprised by some of the reactions to my very-pro ESG argument, I admit”Cliff Asness, founding and managing principal at AQR Capital Management“If you haven’t changed their expected return you have not changed whether they are going to pursue the same stuff,” he continued. “I was a little surprised by some of the reactions to my very-pro ESG argument, I admit. I saw this as explaining why you’re doing good and how.”According to a survey carried out for NN Investment Partners earlier this year, 52% of professional investors (290) believe that incorporating ESG factors into their investment strategies will limit their overall returns, although the surveyed investors were also willing to sacrifice returns to support ESG or responsible investing goals. On average, investors said they were prepared to forgo 2.4% a year if it meant their investments had a positive, non-financial, impact.An experiment carried out in the US by the University of Cambridge Institute for Sustainability Leadership found that when given certain information consumers were willing to give up returns of up to 2-3% to put their money into sustainable investments. ESG constraints could reduce the Sharpe ratio – a measure of risk-adjusted performance – when the investor had another objective, but some ESG information could be good for returns.last_img read more

StarTimes to broadcast 2019 Europa League final

first_imgAs Arsenal and Chelsea head toward Baku for Wednesday’s Europa League final London will become only the second city in the history of European club competitions to provide both finalists.Madrid managed it twice with Real and Atletico in 2014 and 2016, but now it is London’s turn.Arsenal coach Unai Emery, who has won the competition thrice with Sevilla, has a big decision to make over whom to play in goals. Petr Cech, who has been the club’s cup goalkeeper, has been linked with a move to Chelsea as a technical director in summer.Some pundits have suggested that Emery should, under the circumstances, opt to give first choice keeper Bernd Leno the chance to shine in Baku.Emery will definitely be without attacking midfielder Henrikh Mkhitaryan, who will not be part of the Gunners’ squad for the match in the Olympic Stadium in the Azerbaijani capital.Mkhitaryan comes from Armenia – a country with which Azerbaijan has no diplomatic relations. The two are also involved in an ongoing conflict over a disputed region within Azerbaijani borders. Like his Arsenal counterpart, Chelsea boss Maurizio Sarri will be without some of his players.The Blues played a charity match in the USA at the end of the Premier League season and Ruben Loftus-Cheek suffered a ruptured Achilles tendon in the 3-0 victory against the New England Revolution.Sarri, who was critical of the timing of the friendly, said that it was a pity to not be able to pick Loftus-Cheek. “In Boston, the pitch was not very good, but with an injury like that there isn’t only one reason, there are probably a lot of reasons. We cannot say it was only the pitch.”Also missing from the Chelsea line-up is defender Antonio Rüdiger and Callum Hudson-Odoi, while a question mark hangs over N’Golo Kante.“Of course we are trying to recover Kante. He has started participating in some parts of training, so we are optimistic he will be able to play the final. “Usually against Arsenal, it’s an open match. They have two very dangerous strikers, Lacazette and Aubameyang. They are very dangerous as a team in the offensive phase. They are aggressive and able to press well in the opposition half, so it’s not easy to play against them. Their coach worked very well, so a difficult match.”Unlike Arsenal, Chelsea have already qualified for next season’s Champions League, but a win on Wednesday will see the Gunners become the fifth English team in the lucrative competition next season.Emery said he was aware of the importance of the competition. “We want to feel a special moment, and this is a special moment. We want to enjoy it, whether it’s very far or not for the supporters. The match is the same importance.”I think it’s very special in two ways. One is because it’s a derby we are going to play away but we are going to feel the same. We need to battle against them. We finished behind them in the Premier League, and last year they were in front of us.”Our ambition is to reduce the difference with them in all the competitions. Our first possibility, our challenge is in this final.” The match will be televised live and exclusively on the StarTimes World Football channel throughout Africa, ensuring African football fans yet another footballing highlight.By: Peter Auf der Heyde—last_img read more

Dodgers clinch wild-card playoff berth with win over Giants, will go for NL West title

first_img Newsroom GuidelinesNews TipsContact UsReport an Error “It just got the team rolling. Nothing special. I did what I’ve always been capable of. They brought me over here to be in those situations and this is just the beginning of it.”It’s definitely not the end. The National League West title will be decided on Sunday.If the Dodgers complete a sweep of the Giants (their first in San Francisco since 2014) and the Rockies lose again on Sunday, the Dodgers would win their sixth consecutive division title and have home-field advantage in an NL Division Series against the Atlanta Braves beginning Thursday.If the Dodgers lose and the Rockies win, the Dodgers would head to either Chicago or Milwaukee (the Cubs and Brewers also enter Sunday deadlocked) for a wild-card playoff game on Tuesday.If the Dodgers and Rockies both win or both lose, there will be a one-game playoff on Monday in Los Angeles to decide the division winner and relegate the other team to wild-card status. “It hasn’t been easy,” Dodgers starter Clayton Kershaw said. “We’ve kind of been in a dogfight all year with the Diamondbacks and the Rockies.“You know, this game in particular just kind of showed the kind of team that we have. It’s never good when I’m a better hitter than I am a pitcher. That’s what it was today. For these guys to pick me up like they did today — I think we had 18 hits today — it’s just really special to be a part of.”Kershaw has certainly done his share of heavy lifting — particularly against the Giants at AT&T Park. Going into the game, Kershaw was 13-4 with a 1.58 ERA at AT&T Park. But the Dodgers handed him multi-run leads twice in his five innings. He let both get away.Joc Pederson and Yasiel Puig led off the first and second innings with home runs to make it 2-0. Kershaw gave it back in the third on a two-run single by Joe Panik.But the Giants tied it 5-5 with two runs in the fifth off Kershaw. It was only the second time in his 22 career starts at AT&T Park that the Giants had scored more than two earned runs against Kershaw.“He just wasn’t as sharp across the board,” Dodgers manager Dave Roberts said.The Dodgers had opportunities to regain the lead but went 2 for 10 with runners in scoring position over the first seven innings, stranding 10 in all including the bases loaded when David Freese lined out to end the seventh.It looked like they would waste another opportunity in the eighth. Chris Taylor led off with a single and moved to second on a wild pitch while Justin Turner flew out and Max Muncy popped out.Acquired in exchange for five players in a July trade with the Baltimore Orioles, Machado has not had the offensive impact the Dodgers expected. He has batted .269 since the trade with an OPS nearly 150 points lower than his .963 mark with the Orioles. September has been Machado’s worst offensive month of the season.“He’s had some big hits for us, he really has,” Roberts said. “The expectations coming over here were very high.“We said it in the beginning, no one person has the ability to carry a team, in my opinion. I still think the production he’s had, the shortstop play — he’s been everything we wanted. And there’s still a lot of baseball left. His presence to be out there there every single day has a lot of value. The raw numbers, average or whatever people look at — there’s been big hits and consistent defense to help our pitching staff. I hope that doesn’t go unnoticed.”With a chance to clinch a playoff berth for the Dodgers in the eighth, though, he drove a 1-and-2 pitch from Giants reliever Mark Melancon to the opposite field. The ball hit high off the wall and bounced away from Hunter Pence for an RBI triple.“Not the game-winning hit. I got us going,” Machado said. “I was just trying to do as much as I can to get him in from second — a bloop hit, whatever it is.”The Dodgers broke the game open with four runs in the ninth. Seven consecutive batters reached base after there were two outs. Chris Taylor drove in one run with a single, Max Muncy two with a bloop double and Cody Bellinger another with an infield single — the Dodgers’ 18th hit of the game.“We’re one of 10 teams in the playoffs. That’s an exciting thing,” Kershaw said. “It’s a special moment to make the playoffs. I alway say you never know when it might be your last one. We might have a chance to do this again tomorrow. But if not we’re looking forward to what we’ve got ahead of us.”center_img PreviousLos Angeles Dodgers’ Matt Kemp (27) celebrates scoring a run against the San Francisco Giants during the ninth inning of a baseball game in San Francisco, Saturday, Sept. 29, 2018. (AP Photo/Jim Gensheimer)Los Angeles Dodgers’ Yasiel Puig celebrates with teammates after clinching a playoff spot after beating the San Francisco Giants in a baseball game in San Francisco, Saturday, Sept. 29, 2018. (AP Photo/Jim Gensheimer)Los Angeles Dodgers’ Tim Locastro is bathed in beer and champagne as he celebrates with teammates after clinching a playoff spot after beating the San Francisco Giants in a baseball game in San Francisco, Saturday, Sept. 29, 2018. (AP Photo/Jim Gensheimer) SoundThe gallery will resume insecondsThe Los Angeles Dodgers celebrate clinching a playoff spot after beating the San Francisco Giants in a baseball game in San Francisco, Saturday, Sept. 29, 2018. (AP Photo/Jim Gensheimer)The Los Angeles Dodgers celebrate clinching a playoff spot after beating the San Francisco Giants in a baseball game in San Francisco, Saturday, Sept. 29, 2018. (AP Photo/Jim Gensheimer)The Los Angeles Dodgers celebrate clinching a playoff spot after beating the San Francisco Giants in a baseball game in San Francisco, Saturday, Sept. 29, 2018. (AP Photo/Jim Gensheimer)The Los Angeles Dodgers’ Yasiel Puig celebrates clinching a playoff spot after beating the San Francisco Giants in a baseball game in San Francisco, Saturday, Sept. 29, 2018. (AP Photo/Jim Gensheimer)Los Angeles Dodgers’ Matt Kemp (27) celebrates with Manny Machado (8) after scoring a run against the San Francisco Giants during the ninth inning of a baseball game in San Francisco, Saturday, Sept. 29, 2018. (AP Photo/Jim Gensheimer)Los Angeles Dodgers’ Joc Pederson (31) celebrates scoring a home run with Justin Turner (10) during the first inning of a baseball game in San Francisco, Saturday, Sept. 29, 2018. (AP Photo/Jim Gensheimer)San Francisco Giants’ Brandon Crawford (35) slides safe at home against Los Angeles Dodgers catcher Yasmani Grandal (9) during the second inning of a baseball game in San Francisco, Saturday, Sept. 29, 2018. (AP Photo/Jim Gensheimer)San Francisco Giants starting pitcher Dereck Rodriguez (57) throws against the Los Angeles Dodgers during the first inning of a baseball game in San Francisco, Saturday, Sept. 29, 2018. (AP Photo/Jim Gensheimer)San Francisco Giants catcher Nick Hundley (5) tags out Los Angeles Dodgers’ Max Muncy (13) at home during the third inning of a baseball game in San Francisco, Saturday, Sept. 29, 2018. (AP Photo/Jim Gensheimer)San Francisco Giants’ Abiatal Avelino (46) celebrates scoring a run after sliding into home against the Los Angeles Dodgers during the fifth inning of a baseball game in San Francisco, Saturday, Sept. 29, 2018. (AP Photo/Jim Gensheimer)San Francisco Giants’ Hunter Pence (8) scores to tie the game against the Los Angeles Dodgers during the fifth inning of a baseball game in San Francisco, Saturday, Sept. 29, 2018. (AP Photo/Jim Gensheimer)Los Angeles Dodgers’ Max Muncy (13) strikes out with runners on base against the San Francisco Giants during the fifth inning of a baseball game in San Francisco, Saturday, Sept. 29, 2018. (AP Photo/Jim Gensheimer)Los Angeles Dodgers’ Manny Machado (8) hits a RBI triple for the go ahead run against the San Francisco Giants during the eighth inning of a baseball game in San Francisco, Saturday, Sept. 29, 2018. (AP Photo/Jim Gensheimer)Los Angeles Dodgers’ Manny Machado (8) celebrates after hitting a RBI triple for the go ahead run against the San Francisco Giants during the eighth inning of a baseball game in San Francisco, Saturday, Sept. 29, 2018. (AP Photo/Jim Gensheimer)Los Angeles Dodgers’ Matt Kemp (27) celebrates scoring a run against the San Francisco Giants during the ninth inning of a baseball game in San Francisco, Saturday, Sept. 29, 2018. (AP Photo/Jim Gensheimer)Los Angeles Dodgers’ Yasiel Puig celebrates with teammates after clinching a playoff spot after beating the San Francisco Giants in a baseball game in San Francisco, Saturday, Sept. 29, 2018. (AP Photo/Jim Gensheimer)NextShow Caption1 of 17Los Angeles Dodgers’ Yasiel Puig celebrates with teammates after clinching a playoff spot after beating the San Francisco Giants in a baseball game in San Francisco, Saturday, Sept. 29, 2018. (AP Photo/Jim Gensheimer)ExpandSAN FRANCISCO — If this is just a brief stopover on his way to untold riches, it will probably go down as Manny Machado’s biggest hit with the Dodgers.Machado drove an RBI triple off the scoreboard in right field to break a tie in the eighth inning Saturday afternoon, sparking the Dodgers to a 10-6 victory over the San Francisco Giants in a game that threatened to send the Dodgers into the final day of the regular season with their postseason ticket unpunched.Instead, the win guaranteed the Dodgers will be playing in the postseason for a sixth consecutive fall and eliminated the St. Louis Cardinals from playoff contention.“This ain’t over. This is just a little tease,” Machado said as champagne and beer flowed in the post-game locker room — despite the Dodgers’ status as division winners or wild card being very much undecided.last_img read more

Colts injury report: T.Y. Hilton doubtful, Darius Leonard out vs. Raiders

first_imgHilton said Friday (per ESPN) he’s “ahead of schedule” and his quad is “feeling better.”Leonard on the other hand will continue to filled in for by Bobby Okereke at middle linebacker with regular middle linebacker moving Anthony Walker outside. Related News The short-handed Colts will be without All-Pro linebacker Darius Leonard for a second consecutive game and might face the Raiders on Sunday without star wide receiver T.Y. Hilton as well.The two were among the players listed on Indianapolis’ injury report Friday. Hilton, who left last week’s win over the Falcons with a quad injury, was listed as doubtful. Leonard remains in concussion protocol. Matthew Stafford injury update: Lions QB questionable vs. Chiefs If Hilton can’t play, the Colts will lose their main receiving threat.His 20 receptions, 195 yards receiving and four touchdowns far eclipse the team’s next three most-productive pass catchers –  running back Nyheim Hines (8 catches, 35 yards), and tight ends Jack Doyle (7 catches, 87 yards) and Eric Ebron (7 catches, 80 yards, 1 TD). For backup depth should Hilton sit out, receiver Ashton Dulin, an undrafted free agent, was promoted from the practice squad to the 53-man roster.Safety Malik Hooker (knee) and defensive tackle Tyquan Lewis (ankle) also are out, and the Colts have three receivers on injured reserve, including Devin Funchess (collarbone).The Colts (2-1) will host the Raiders (1-2) in Week 4 at 1 p.m. ET. Antonio Brown to file grievance against Raiders, report says T.Y. Hilton injury update: Colts receiver suffers quad injury vs. Falconslast_img read more

Blogger misses husband, readies for fundraising ride

first_imgIt’s funny, there’s so much to say about John being gone, but all that comes out is that I miss him tremendously. As much as I thought I knew this, I didn’t realize how much I appreciate and care for him until he left. On the cycling front, two weeks to go!! I completed a very difficult and hilly 62-mile ride with Team Ventura last Saturday, which included a seven-mile ride up Highway 33 in Ventura. I’m almost at my fundraising minimum, which I’m excited about, and I want to continue to raise as much money for the Los Angeles Gay and Lesbian Center as I can before the ride. I appreciate all the support I’ve received in the last eight months, and I can’t wait to report on my experiences during the ride June 3-9. Jenifer Johnson lives in Studio City. She posted this blog entry May 16 to the Studio City hub on valleynews.com.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! It’s 11:30 p.m. and I just got off the phone with John, who is still on ship, sailing west to the Persian Gulf. He has been gone a little over a month, and I miss him very, very much. I’m very thankful that in this last month, I have been in regular e-mail and phone contact with John, because I know that others don’t hear from their loved ones very often during deployment. I continue to hope and wish that he stays safe during this deployment, especially as he gets closer to Iraq. last_img read more

Donegal restaurants savour success at Irish Hospitality Awards

first_imgFive local restaurants, pubs and hotels are celebrating outstanding award wins from the Irish Hospitality Awards, which were revealed last night.Monday’s event in Dublin saw four Donegal Town businesses and one Letterkenny team being recognised for their quality  food, service and achievements.Over 300 industry professionals attended the event to see which establishments stood out from the rest. There were 28 accolades presented to the deserving winners.The biggest local victors were Chandpur Restaurant in Donegal Town (pictured above), who won two titles – Best Restaurant Team and Restaurant of the Year Borders.The Silver Tassie Hotel crew claimed the Hotel Team of the Year prize.The award for Bed & Breakfast of the Year Borders went to The Gateway Lodge (Donegal Town), while the adjoining BLAS restaurant took home the award of Casual Dining Restaurant of the Year Borders. Located just down the road, the Reel Inn earned the title of Pub/Inn of the Year Borders.The Irish Hospitality Awards 2019 was hosted by the best-selling author, Andrea Hayes.The winners, who are chosen by members of the public, are a true reflection of the hard work, quality and impeccable customer service that is offered in the hospitality industry. The awards also showcased those individuals who continue to thrive and whose excellence has led them at the forefront of the industry.A Spokesperson for the Irish Hospitality Awards 2019 said: “The hospitality industry has grown significantly over the years and this has introduced new challenges to the professionals who work within the sector.  The customer expectations have been increased but these winners are the experts in meeting their customers’ needs and demands in the best possible way.”Donegal restaurants savour success at Irish Hospitality Awards was last modified: March 26th, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:blasBusinesschandpur restaurantDonegal Townirish hospitality awardspubrestaurantsSilver Tassie HotelThe Gateway Lodgethe reel inlast_img read more

SA sets aside R10bn for student loans, bursaries

first_img14 January 2015The National Student Financial Aid Scheme (NSFAS) had earmarked R9.5-billion in bursaries and loans for 2015, an increase from the R8.3-billion set aside in 2014, said Blade Nzimande, the higher education and training minister.The NSFAS would fund 205 000 first-time entering and continuing eligible students at universities and 200 000 students at technical and vocational education and training (TVET) colleges, he said in Pretoria on 12 January.“One of the most successful schemes established by government to assist students from poor disadvantaged families with academic ability is the National Student Financial Aid Scheme, which provides loans and bursaries to students at all 26 public universities and 50 public TVET colleges throughout the country.“In 2014, NSFAS provided student loans and bursaries totalling over R8.3-billion, which excluded the once-off allocation of R1-billion for the servicing of the 2013 shortfall of R700-million and 2014 shortfall of R300-million,” he said.In addition to the NSFAS funding, the National Skills Fund (NSF) would step in to make further allocations to students who would be studying towards critical skills programmes that were most needed for the growth of the economy.“NSFAS has been allocated over R562.9-million for bursaries for scarce and critical skills for the current year from the NSF. This funding is made available through the financial aid offices in universities and students wishing to make use of these bursaries are advised to enrol for critical skills, which include science, commerce, health science, [and] engineering.”His department was committed to expanding access to and success in institutions of higher learning for students who had special needs. At TVET colleges, the government paid 80% of the programme cost of the disabled student’s choice, with an additional allocation being made dependent on the type and severity of the disability.In addition, NSFAS had earmarked R69.3-million in the 2015 academic year to provide financial aid to disabled students in universities, Nzimande added.Apply early for tertiary studiesIt was important for matriculants to be proactive and to apply for admission as early as possible, Nzimande said, adding that it was always a challenge if Grade 12 learners passed their exams without admission as previous practices, such as walk-in applications, had long been abolished.To help pupils submit their applications on time, his department, in collaboration with the Department of Basic Education, had launched the “Apply now” campaign to create awareness of career options, study opportunities and application procedures for post-school education and training.This campaign complemented the Career Development Services Helpline – on 0860 356 635 – and Khetha radio programmes, which ran on 10 SABC African languages radio stations, including Afrikaans; social media platforms; and career awareness events.“The National Career Advice Portal provides access to career information on career pathways, occupations and relevant education and training opportunities,” he said. His department was operating the Central Application Clearing House once again in 2015.The clearing house call centre and website went live on 2 January. “The. service has been developed to assist learners who qualify for higher education studies, have applied for a space at an institution, but have not been offered a place at the institution of their choice after the matric results are released.“It is also accessible to those learners who did not apply before the closing dates last year and now find that they are eligible for higher education studies. Learners looking for spaces in the university education system can contact the toll free call centre on 0800 356 635 or send an SMS with their name, ID and contact number to 49200, and they will be telephoned back free of charge,” he said.SANewslast_img read more

#KicksStalker: Levi’s Jordan IV is classic rock and rap combined

first_imgAsian shares slide on weak Japan data; US markets closed Back in the 80s when rumors started swirling about music moguls wanting a collaboration of rap and heavy metal music, some skeptics raised their eyebrows saying that would be impossible.But it came about. Hence, the birth of the rap-rock music that was trail blazed by the song “Walk this Way” by Aerosmith and the rap group Run-DMC. The song’s MTV and album were a smash hit back then.ADVERTISEMENT Do not bring these items in SEA Games venues John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding Kammuri turning to super typhoon less likely but possible — Pagasa Typhoon Kammuri accelerates, gains strength en route to PH So, they say it can be done! Just like the recent decision of the classic denim brand Levi’s, allowing itself to collaborate with the Jordan brand of shoes.This results in the release of the new Levi’s X Air Jordan IV, which had been made available globally, and simultaneously, on January 17, 2018, in selected outlets and distributorships.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutThe Levi’s-Jordan unlikely alliance highlights the two brands’ famous iconic features, which include authentic denim material—standard washed on the upper and reverse denim on liner and insole—the brown leathery paper patch carrying the shoe size and the famous jumpman logo stitched on the sneaker’s tongue.Levi’s 501? Levi’s 505? Nope, they’re AJ IV, which stands for Air Jordan IV, on the traditional Levi’s patch. INQUIRER.net photo / Jonathan VicenteAt the back of the tongue is another stretch of that brown patch that shows the branding “Air Jordan.” Another jumpman logo is seen prominently debossed on the sneaker’s heel cup. LATEST STORIES An online raffle was launched by Titan store at The Fort, BGC, Taguig City, on January 17, to determine who would be the lucky few to own these limited pairs that arrived on Philippine soil.However, a buyer can only purchase a single pair, “no ifs, no buts.”On Wednesday night, Titan opened the online store for this Jordan brand and for just a few minutes, the selling closed, with a huge marker displayed across the screen saying “sold out.”The entire thing didn’t even last an hour!Instagram Air Jordan promotional photoThose who were able to reserve the Levi’s-Jordan collaboration started to trickle in at the Titan store by the time it opened on Thursday morning to pick up the rare jewel.Titan refused to divulge the number of pair that had been distributed in the Philippine market, but said “we are among the selected countries to luckily distribute these few Levi’s Air Jordans,” priced as P11,095.So as of this moment, even if you have the moola and the connections to purchase these pair, sorry but they are no longer available in the retail market.Touch and drool before the buyer arrives and picks up this last piece. However, the real “last piece” will be left at the store “only for viewing” and not for sale. INQUIRER.net / Jonathan VicenteAlso, adding insult to injury, the sales personnel said they are not expecting any re-issue or a fresh package to arrive for reselling, it’s like entirely and completely shutting the doors of opportunity, locking it up and swallowing the key.According to sneaker followers on Instagram, the Levi’s Jordan pairs were spread only on these areas:North America: Boston, New York City, Philadelphia, Los Angeles, Miami, Chicago, Atlanta, Cleveland, San Francisco; TorontoAsia: Hong Kong, Shanghai, Taipei, Seoul, Korea, Osaka, Tokyo, Manila (exclusively at Titan store-The Fort)Europe: London, Newcastle; Berlin, Paris, Amsterdam, Barcelona, Bologna, Zurich MOST READ Don’t miss out on the latest news and information. For some sneaker lovers, mere holding fresh arrivals like these makes you drool, but knowing they are no longer for sale just makes you cry. INQUIRER.net photo / Instagram promotional Air Jordan imagesFor some sneaker lovers, mere holding fresh arrivals like these makes you drool, but knowing they are no longer for sale just makes you cry. INQUIRER.net photo / Instagram promotional Air Jordan imagesLevi’s would not be a Levi’s without that tiny piece of red cloth or flap, thus, explains the red tab found on the right upper-side of the sneaker bearing the Levi’s trademark.The iconic Red Tab of the Levi’s brand, which is mostly found at the side of the denim’s back pocket, now prominently displayed on the upper side of the shoe. INQUIRER.net photo / Jonathan VicenteA reverse denim material gives a nice accent on the overall indigo blue denim, breaking the monotony design on the top and sides, including the insole.In buying the pair, it also comes with a revamped patch of the original Levi’s Strauss & Co. with that iconic “two horses and cowboys,” however, leaving them attached while walking around town would be awkward unless you are a famous American rapper.This one comes with the revamped Levi’s denim original patch bearing the silhouette of two horses and cowboys. INQUIRER.net photo / Jonathan VicenteThe laces are quite unique because they are not made of real denim but appear to look like one.But hold your horses before going to the store to purchase the new Levi’s Air Jordans because they are no longer available in the market—in the Philippines to be exact.ADVERTISEMENT BI on alert for illegally deployed OFWs to Iraq Trending Articles PLAY LIST 00:50Trending Articles01:50IED blast rocks Bilibid’s Quadrant IV00:50Trending Articles01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City Brace for potentially devastating typhoon approaching PH – NDRRMC 8th Top Leaders Forum assessed the progress of public-private efforts in building climate and disaster resilient communities Read Next Roach loves Lomachenko fight for Pacquiao View commentslast_img read more