The California Honeydrops put their soulful rock n’ roll on display at the Bowery Ballroom last night, November 13th, playing to a packed house at the NYC venue. The band rolled out a ton of original music, and slipped in a few great covers as well. Fortunately, Marc Millman Photography was on the scene to capture the magic.Check out videos from last night’s performance, below.“Let’s Go Get Stoned”“Bump & Grind”“I’ve Never Found A Girl”
Younger workers who favour abolishing the current Dutch system of average premiums for pension funds as it does not favour them are elitist and selfish, a professor of pensions law at Amsterdam’s Free University (VU) has argued.Erik Lutjens said during a debate on solidarity last week that those advocating for the abolition of the current premium rate would only see it benefit their own age group, without taking the interest of others into account.“They only focus on the disavantages of the average contribution approach, while they ignore its positive points. Moreover, they don’t look at the disavantages of ditching the average premium,” he said.Younger employees have become increasingly vocal in opposing the current contribution, a fixed percentage of workers’ salary. They argue that they are paying proportionally more for pensions accrual than older colleagues, while they are less likely to benefit at older age, because of increased labour mobility.Many advocating for a change would prefer a ‘degressive’ approach, which would allow them to accrue proportionally more pension rights at a younger age.Earlier, the Netherlands Bureau for Economic Policy Analysis (CPB) concluded that while the introduction of such new premium principles would be feasible, it may come at a costs of no less than €100bn.Lutjens pointed out that a degressive accrual would come at the expense of other groups, such as women who enter the labour market after their children have grown up, or people who have been tied up in long-term care and rejoin the work force later in life.“Would these groups then suddenly accrue a proportionally smaller pension,” he asked.“Insisting on a more direct link between the amount paid in and accrued, would also mean a bomb under the mandatory participation, and would push the system in the direction of individual DC,” the professor warned.However, in the opinion of Sandra Oostvriesland from law firm Baker McKenzie and also affiliated with PensioenLab, a think tank of young workers, it is the “unfair” subsidy from young to old, which threatens the system.She called for a hasty end to the average contribution.Martin de Gelder, head of pensions policy and actuarial business at pensions provider AGH, advocated a compromise, through investing the employers’ part of the contribution in the current system of collectivity and solidarity, while investing the workers’ part in an individual DC system.“The latter is approximately one-third of the total contribution, exactly the proportion that young workers pay too much through the subsidy they may recoup when they are older,” he explained.That said, De Gelder acknowledged that, under the current tax regime, his proposed solution is not possible.
Cincinnati has a new men’s basketball coach.The Bearcats announced Sunday that they’ve hired Northern Kentucky coach John Brannen to take over for departed Mick Cronin. Nevada names Steve Alford as Wolf Pack’s new head coach UCLA hires Cincinnati coach Mick Cronin Related News A new era in #Bearcats basketball begins today!Welcome @coachbrannen! pic.twitter.com/GlmuzrnEar— Cincinnati Men’s Hoops (@GoBearcatsMBB) April 14, 2019″We are thrilled to welcome John, his wife, Lisa, and their daughters, Jaylee and Katelyn, to the Bearcats family,” director of athletics Mike Bohn said in a statement. “He has a proven record as a head coach, longtime ties to the local community and coaches an exciting style of basketball. We were impressed with his passion, drive, determination and basketball acumen during the interview process where he truly emerged as the best coach to lead the Cincinnati basketball program with a bright future.” Brannen replaces Cronin, who left for UCLA. Brannen spent the past four seasons with Northern Kentucky, where he led the school to two NCAA Tournament appearances, one NIT appearance and two Horizon League Tournament titles. “It’s truly an honor to take over such a storied program at the University of Cincinnati,” Brannen said in a statement. “The Cincinnati-Northern Kentucky community is special to my family, and we are happy to remain at home. I want to thank President Pinto, Mike Bohn and the search committee for this opportunity. We are thrilled to join a world-class University and continue to build on the historic success of Bearcats basketball and the incredible lineage of former coaches.”However, not everyone was pleased by the hire. Former Cincinnati standout Kenyon Martin announced his disapproval shortly after it was announced.I give the University of Cincinnati a F+ for the hiring process @uofcincy @GoBEARCATS— Kenyon Martin Sr. (@KenyonMartinSr) April 14, 2019According to the Cincinnati Enquirer, former Bearcats associate coach Darren Savino had hoped to get the position, but now he’s expected to join Cronin at UCLA.